Tag Archives: Customer success

Embracing Cultural Evolution in the Tech-Driven World

I wrote about company culture over 10 years ago and that previous post has been getting a lot of attention over recent weeks. That made me think – how has culture changed over the years and how important now is the interplay with culture, technology and both employee and customer success.

Since 2013 when I wrote the last culture article, the integration of advanced technology in the workplace has transformed company cultures globally. And this evolution necessitates a reassessment of how company culture and technology together foster a conducive environment for employee motivation and customer success. The rise of remote work, digital collaboration tools and AI-driven analytics has not only changed how we work but also how we interact, learn, and grow within organisations.

The core principles of a strong company culture – continuous hiring, encouraging entrepreneurship and leading by example – remain crucial. However, their application has transformed. Today, fostering a culture of adaptability, inclusivity and digital savviness is imperative. Encouraging a culture that embraces change, values digital skillsets and promotes a work-life balance in a digitally connected world is key to attracting top talent.

The transparent and data-driven culture facilitated by technology leads to more informed decision-making, enhancing employee satisfaction and efficiency. A culture that leverages technology to understand customer needs better and respond to them swiftly contributes significantly to customer success.

In essence, the synergy of a robust company culture and cutting-edge technology is a powerful driver of growth. It’s about creating an environment where motivated employees thrive, leading to innovative solutions and heightened customer satisfaction.

How does your company culture stack up in 2024? And what’s the future of a good company culture?

Commanding the Ship: Astronaut Strategies for Navigating Success and Leadership

Ever wondered what it takes to think like an astronaut? Chris Hadfield’s ‘An Astronaut’s Guide to Life on Earth’ offers a rare peek into the mind of a spacefarer and the lessons learned from a career that’s literally out of this world. This is one of the most inspirational books I’ve ever read –  it’s amazing to see someone so focused who at a very young age new what they wanted to do and did everything they could to make it happen.

In his candid memoir, Hadfield presents life lessons honed during his missions aboard the International Space Station. He shares the surprising truth that the path to achieving astronomical dreams is paved with minute attention to detail, rigorous preparation, and the profound commitment to teamwork.

But this isn’t just about space. Hadfield’s insights are a blueprint for earthly success. He teaches us to embrace the ‘Sweat the small stuff’ philosophy, demonstrating how even the tiniest components can have mission-critical implications. His philosophy of ‘thinking like an astronaut’ can transform how you approach every aspect of daily life, making you more effective, resilient, and ready for any challenge that comes your way.

So, strap in and prepare for a transformative journey that will elevate your perspective from the terrestrial to the celestial. Whether you’re launching a new project, aspiring to leadership, or navigating life’s unpredictabilities, this book is your mission control for success.

Discover ‘An Astronaut’s Guide to Life on Earth’ on Amazon and unlock the astronaut mindset to revolutionize your life here on Earth. 🚀

If you’ve not read it yet – head over to Amazon and grab yourself a copy. Highly highly recommended.

“🚀 The Next Chapter in Customer Engagement: Beyond QBRs to Customer Value Reviews

It’s clear we’re on a transformative journey when we look at how to deliver real value to our customers, but how do we effectively implement this shift?

1️⃣ Customised Value Pathways: It’s about creating tailored review schedules that resonate with each customer’s unique journey, not a one-size-fits-all approach.

2️⃣ Deep-Dive into Customer Worlds: Stepping into our customers’ shoes, understanding their challenges and ambitions, and aligning our services to support their strategic objectives.

3️⃣ Ongoing Value Assessment: Continuous interaction is key. We’re talking regular check-ins, not just quarterly reviews, to ensure we’re constantly adapting to and meeting evolving needs.

4️⃣ Accurate Trend Analysis: Keeping a close eye on business trends and progress is essential. It ensures that the value we deliver is not only current but also predictive and proactive.

This evolution in our approach is more than just a change in schedule; it’s a fundamental shift in mindset. What steps are you taking to make your customer reviews more dynamic and value-driven?

Evolving Customer Success: The Path Ahead In 2024

The feedback on my last post about the changing landscape of Customer Success was so good to see and it’s clear we’re going through a transformation now. The insights from the community have been invaluable. We’re in a period of some big and need changes for our industry and it’s going to be an exciting 12 months ahead.

A recap on the big insights and changes coming…

1️⃣ : It’s crucial to differentiate between what matters to the economic buyer vs. other stakeholders at our customers. A happy user base is great, but if we’re not hitting the metrics that matter to those who make the renewal decisions, we’re missing the mark.

2️⃣ 2024′ : Focusing on core values and specific metrics is more critical than ever. As we streamline Customer Success roles, we need to redefine our expectations to combat burnout. It’s about working smarter, not harder.

3️⃣ : The conversation has shifted to identifying and improving the outcomes that matter most and providing value there. This is where we can truly demonstrate our value and impact, without overwhelming our teams.

4️⃣ : There’s a growing realisation that being a great CSM isn’t just about technical expertise or sales prowess. It’s about understanding, listening, and responding to customer needs. The role of the CSM is evolving beyond traditional boundaries.

5️⃣ . : In our haste to solve problems, are we losing sight of the customer’s voice? It’s time to refocus on what really matters – understanding and addressing customer needs, not just showcasing our expertise.

Let’s keep this conversation going. How are you planning to navigate these changes in your organisation? What strategies are you adopting to align with the evolving role of Customer Success?

THE Customer Success Book

This is one of the original and still one of the best reads on what customer success is all about, where it came from and why it’s so critical to businesses today – and written by 3 customer success greats, 2 of which I know very well and have had the privilege of meeting and sharing a beer or 2 with…

→ ‘Customer Success: How Innovative Companies Are Reducing Churn and Growing Recurring Revenue’

4 really amazing pearls of wisdom that resonated with me in the book:

👉🏼 1. Building Relationships.
– It’s not just about closing sales. Nurture relationships and trust will sprout, paving the way for customer loyalty.

👉🏼 2. Understanding Customer Journey.
– Know the journey your customers embark on with your product. This empathy drives the customization that ensures customer satisfaction.

👉🏼 3. Proactive Problem-Solving.
– Anticipate potential issues. Be proactive, not reactive. It’s about preventing fires, not just extinguishing them.

👉🏼4. Success is a Culture.
– Imbue every facet of your organization with customer success. It’s not just a department, it’s a culture.

This is a must read for any business leader working with customers in 2024.

Explain what customer success 🛃 is to a 10 year old – care of ChatGPT… 💻

“Alright, let’s break down what customer success is in a simple way:

Helping Customers: Imagine you’ve bought a new video game. Customer success is like having a friend who helps you understand how to play the game, so you can enjoy it more.

Listening to Problems: If you have trouble with the game, this friend listens to your problems and finds ways to solve them.

Making Things Better: They also suggest new games or updates that can make your gaming experience even more fun.

Keeping in Touch: This friend keeps checking in with you to make sure you’re still having a good time with your game.

Happy Customers: The goal is to make sure you’re really happy with your game and help you get the most out of it.

So, in a job, customer success is about making sure people who use a company’s products or services are happy and getting the most out of them.”

Then asked if it was really about keeping customers happy and…

“Customer success is more than just keeping customers happy. Here are a few key points:

Achieving Goals: It’s about understanding what customers want to achieve with the product and helping them reach those goals.

Building Relationships: Developing a strong, trusting relationship with customers is crucial. It’s not just a one-time interaction but an ongoing partnership.

Feedback and Improvement: Listening to customer feedback and using it to improve products and services is a big part of customer success.

Proactive Support: It involves anticipating customer needs and problems before they even arise and addressing them proactively.

Customer Retention: Keeping customers using the product for a long time is important. It’s not just about making them happy once, but ensuring they continue to find value.

Educating Customers: Teaching customers how to use the product effectively so they can get the most benefit from it.”

Not too bad a start – one mention of value and none of outcomes. Now to test it out with a 10 year old – or one of the “not so little” Nobles.

Unlocking Customer Lifetime Value: The Key to Long-term Success

Introduction:

Customer Lifetime Value (CLTV) holds the key to long-term success in business. Unraveling the potential of CLTV is crucial for building lasting relationships and driving sustained revenue growth.

Understanding CLTV:

Customer Lifetime Value is not solely about revenue but about fostering enduring value for customers. It is a vital metric for gauging an organization’s growth and prosperity. For instance, consider a subscription-based service like Netflix, where a loyal customer who subscribes for years contributes substantially to the company’s CLTV.

Viewing Value from Different Angles:

CLTV is more than just revenue; it encompasses different perspectives of value. Identifying and aligning with the customer’s definition of value is crucial. An example could be a luxury car brand that offers exceptional customer service, providing value that extends beyond the purchase.

Applying CLTV in Practice:

Measuring CLTV beyond revenue involves assessing advocacy, referrals, and recommendations, which are immensely valuable. Forecasting CLTV requires a careful consideration of customer segments and past profiles. For example, a software company may analyze user adoption metrics to predict long-term value.

Customer Success Has Changed

“Customer Success has changed”

The world has changed and very rapidly over the last few years and our what were “traditional” customer success teams and functions have shifted massively and there’s more change to come.

  1. Burnout was already high but now churn is rising and so are layoffs.
  2. The SaaS model that defined much of the 2010s and early 2020s was predicated upon having access to near-unlimited capital.
  3. Customer Success was already struggling through three distinct crises: Overextended roles, high stress and unrealistic expectations, and previous leniency on metrics.

It’s a wakeup call! We need to think differently and shift:

  1. Streamline Customer Success roles to focus on core value delivery.
  2. Adjust job expectations and provide sufficient support to prevent burnout.
  3. Identify which metrics matter to customers upfront and focus all your energy on driving those to demonstrate the value your solution provides early and often.

We need to start refocusing on customer value and change our thinking and approach.

Empowering Customers: The Key Role of Customer Education in SaaS Success

Introduction:
In the rapidly evolving digital landscape, Software as a Service (SaaS) has emerged as a dominant model, revolutionizing how we interact with software. Central to this transformation is the concept of customer education – a critical element that not only enhances user experience but also drives business growth. In this blog post, we’ll delve into why educating customers is pivotal for SaaS companies and how it shapes the path to success.

Understanding Customer Education in SaaS:
Customer education in SaaS isn’t just about teaching users how to use a product; it’s about empowering them to harness its full potential. This is especially crucial in SaaS, where the subscription-based model and frequent updates necessitate ongoing user learning and adaptation.

The Benefits of Customer Education:
Educated customers are the backbone of SaaS success. They engage more deeply with the software, leading to higher product adoption and satisfaction. Moreover, well-informed users require less support, reducing the burden on customer service teams and fostering a community of loyal, informed advocates.

Strategies for Effective Customer Education:
Creating a robust customer education program involves several key strategies. It’s essential to develop comprehensive and accessible learning materials like tutorials and webinars. Personalizing these experiences to cater to different user segments enhances engagement. Incorporating interactive and engaging content formats keeps the learning process interesting, and regularly updating these materials ensures they remain relevant as the product evolves.

Navigating the Challenges:
Implementing an effective customer education strategy isn’t without its challenges. Catering to diverse learning needs and styles, balancing the depth of information without overwhelming users, and ensuring content remains up-to-date with product changes are all hurdles that need careful navigation.

Learning from the Best:
Looking at industry leaders like Salesforce or HubSpot, we see the profound impact of well-executed customer education strategies. These case studies not only highlight the benefits but also provide a roadmap for others to follow.

Conclusion:
In conclusion, customer education is more than just a value-add; it’s a critical component of the SaaS model. By investing in educating their users, SaaS companies can reap long-term benefits, including enhanced customer satisfaction and business growth. As the SaaS landscape continues to evolve, prioritizing and innovating in customer education will be key to staying ahead.

New Customers Only

“New customers only”…

New Customers Only

… this is a phrase I really don’t like to hear but sadly it’s still widely used in many B2C industries and businesses – including the traditional home TV, phone and internet service providers.

Even as a loyal customer of many years, brand new customers can get significantly bigger discounts with these providers and this doesn’t seem right.

The logic being used feels outdated in 2022 and I’d love to see more companies focusing on delivering value at the right price and keeping customers. I think many of these companies are relying on customers finding it too difficult to leave and move elsewhere but even if that’s true today it won’t be for much longer.

It’s great to see some more niche players coming into the market offering very competitive services – e.g. home internet connections – and at consistent prices (for all customers).

Is it just me or is the idea of doing something in terms of a deal only for new customers, on its way out?