Connect with Your Customer in a Whole New Way
Geoffrey Moore
Author, speaker, advisor, best known for Crossing the Chasm, Zone to Win and The Infinite Staircase. Board Member of nLight, WorkFusion, and Phaidra. Chairman Emeritus Chasm Group & Chasm Institute.
Like many a tagline from Salesforce, Connect with your customer in a whole new way is both inspirational and profitable. But from a practical point of view, how could you tell if you actually were? Here are seven capabilities to apply to your current operations to see how well they stack up in this new digitally enabled, services oriented world.
- Detect and capture the stream of digital signals emanating from your prospects and customers. You can’t play the game if you can’t see the ball. Even if you do not have the power analytics to take advantage of these signals right away, you still should be collecting them. In the short term you may have to run them through someone else’s organization, but at least you’ll be able to know what is actually going on.
- Proactively engage customers and prospects based on algorithmic prompting. In an age of digital cacophony, you can’t expect people to have the patience or the processing power to extract the signal from the noise. You have to use software to do that. Initially its recommendations will be spotty at best, but over time they will get better and better. That is, they will if you start now.
- Respond to explicit communications rapidly and accurately. This is where omni-channel really matters—not in your outbound attempts to promote yourself but in your inbound ability to react appropriately to a direct request. It may come to your call center, to a website, via a text message, in an email: no matter. You have to catch it and route it as smoothly as a shortstop initiating a double play.
- Enable self-service by automating your high-volume service transactions. Nothing signals your lack of commitment to customer experience more than forcing them to wait in queue to get services from a human being that could have been done by themselves on their own time. In an era of cloud computing and ubiquitous mobile devices, there is no excuse for not using software to manage the routine—it is faster, cheaper, and way more accurate. Failure to automate is tantamount to not giving a damn.
- Focus your ecosystem of partners on addressing high-value needs. Partners need to make higher margins and customers need help on their toughest problems. It ought to be a marriage made in heaven. But companies get attached to their existing lines of service—the stuff they know how to do really well, the stuff that used to add value but not as much anymore. They are losing their connection to the customer, and you need to get them back on the path to adding real value.
- Use on-line communities to engage your customers in answering FAQs from other customers. One of the great joys of the Internet is the discovery that people actually like helping each other out. There are volunteer armies everywhere, waiting to be enlisted to support something they personally find engaging and fulfilling. Online communities are a wonderful vehicle for this, surfacing and amplifying the most helpful voices, allowing new arrivals to experience their own welcome wagon.
- Empower your customer-facing employees by giving them mobile access to CRM feeds. Companies live or die by how well they perform during their moments of engagement. Success depends on giving the people who represent you in these moments the best support you possibly can. These are the same people you expect to keep your CRM data up to date. How about you share it with them when they need it?
How well is your company doing against these seven tests? That’s a good topic of conversation for your next executive staff meeting. Just don’t be surprised if the answers are not rosy. Digital systems don’t grow on trees. If you don’t fund them, you don’t get them.
That’s what I think. What do you think?
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Geoffrey Moore | Zone to Win | Geoffrey Moore Twitter | Geoffrey Moore YouTube
Strategy, Product & Innovation | Connecting the dots
7 年Hi Geoff – 2 years on, still relevant and generating comment. Your original question was about how people could tell if their new way of connecting was inspirational and profitable. Thanks for asking, here’s what I think … In my experience, I’d recommend 3 more steps to ensure people learn and grow: 8. Treat everything as an experiment. You have a hypothesis – new ways = inspiration & profit. That’s loaded with a series of assumptions (if this, then that) with varying degrees of confidence. Some are more critical than others. The objective of the experiment is to prove assumptions starting with the most critical and where you have the lowest confidence. If the assumption is true, keep going until you have proven them all. If false, learn from the outcome and adapt. Do this as quickly as possible. 9. Understand true cost. The sad reality is that 20% of customers typically destroy 400% of the figure in your P&L. Standard costing practices effectively average out true costs which is fine as a rule of thumb, but if you are trying to maximize profitability, you want to be absolutely sure you know what drives cost. Every customer and interaction is different – understand the cost implications associated with your actions and how that will drive behavior and ultimate profit. 10. Ask, listen, verify. Step 9 confirms the profitable side of the question, but the only way you can prove if your actions were inspirational is to ask your customers, listen to their response and verify. Get specific – what and why was your new way of connecting inspirational? What did they do differently as a result? Does the data collected verify the statement? If you can’t verify with existing data, what new processes will you need to introduce to collect such data? In short, never assume – prove it!
Global Product Leader??Product Strategy to Execution??Launched Digital Products and Platforms Reaching 80M+ Users??AI & LLM Enthusiast???Driving Customer Outcomes Through Innovative Product Solutions??
7 年Great advice. Companies should do these internally and externally.
Mantra: Reach out to help those climbing up behind you.
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Transforming experience ? Strategy ? Innovation ? Execution ? Culture champion
7 年Powerful list, thank you for sharing. Definitely not easy. A good baby step for #1 is to pay attention and mine your complaints. Your customers are taking the time and energy to send you these messages - learn from them! They contain valuable insights and can help guide your efforts into other digital channels.
Builder, learner, teacher, investor, partner, and philosopher pursuing impactful ways to help.
7 年Great article! I'll definitely get use out of it. What category would you place providing customers data to make them better? At Zscaler, we're now providing reports that anonymously benchmark a customer's network and security cloud/Internet consumption behaviors by vertical so customers know if their employees are spending more/less time on social media than peers, are experiencing higher/lower security risks than peers, etc. It's a digital business benefit of using a cloud network/security as a service rather than building your own with traditional products.