Embracing Customer Success
Tracie Newton
??Enhancing customer retention, driving growth, and fostering loyalty. Prioritising the development of strong, customer-centric relationships that generate genuine value for both clients and the business??
In a recent conversation with a former colleague from years past, they asked me, "Why did I make the transition from Sales to a Customer Success Role? Isn't that a downward move?" Initially, I was quite surprised, but then I realised the misconception of what Customer Success is and its importance to businesses. For me, transitioning from Sales to Customer Success wasn't a step down; it was a strategic move forward, one where I can use my 30 years of experience to drive value in a rapidly evolving world.
Sales and Customer Success may seem like two sides of the same coin, but they operate in distinct realms with unique objectives. In sales, the focus is on acquiring new customers, closing deals, and hitting targets. It's a high-energy, adrenaline-fueled environment where success is often measured by numbers and targets, and believe me, I loved it.
However, Customer Success takes a different approach. It's about nurturing relationships, understanding customer needs, and ensuring long-term satisfaction and retention. Instead of chasing new leads, Customer Success Managers (CSMs) work to maximise the value customers get from a product or service, ultimately fostering loyalty and advocacy.
My decision to transition stemmed from recognising the shifting dynamics of the business landscape, as well as my instinctive nature to care about customers. With advancements in technology and a growing emphasis on customer-centricity, businesses can no longer afford to view Customer Success as an afterthought. It has become a cornerstone of sustainable growth and competitive advantage.
The role of a CSM is critical to the success of modern businesses. Beyond addressing customer inquiries and troubleshooting issues, CSMs serve as trusted advisors, guiding clients through challenges, identifying opportunities for expansion, and advocating for their needs within the organisation, ensuring the customer's voice is heard.
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Moreover, the popularity of subscription-based models shows how important it is to keep customers. Studies have shown that acquiring a new customer can cost between five/seven times more than retaining an existing one. In this context, the role of CSMs plays a pivotal role in ensuring ongoing satisfaction and loyalty.
My journey from Sales to Customer Success has been guided by the realisation that success is no longer solely defined by the number of deals closed, but by the lasting impact we have on our customers' businesses. It's about building meaningful, long-term relationships founded on trust, transparency, and mutual success.
In today's mega-connected world, where customers have more choices than ever before, businesses cannot afford to overlook the importance of Customer Success. It's not a step down from sales; it's a strategic shift towards sustainable growth and resilience in an ever-changing market landscape.
The transition from Sales to Customer Success should not be viewed as a demotion, but rather as an evolution aligned with the changing needs and expectations of modern businesses. With technology driving disruption and customer-centricity emerging as a key differentiator, the role of CSMs has never been more crucial. By embracing this shift and recognising the true value of Customer Success, businesses can unlock new opportunities for growth, innovation, and long-term success.
The only CSM coach who ACTUALLY IS A CSM (not retired) ? I help underpaid and laid off CSM's get Customer Success Jobs WITHOUT networking via my F.I.R.E framework ?? ? $9.6M in Salaries ? 96 success stories ?? Proof ??
9 个月Absolutely agree with you! Customer Success is a vital component of business success in today's market.
Market Leading, AI Driven Contact Centre Solutions
9 个月Nobody does it better Tracie Newton