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Customer Experience

Customer Experience

There is a Correlation between CX and Revenue Growth – and Here’s the Data to Back It Up ft. @Wootric

The-Correlation-between-3

Image created by Yasmine Sedky (@yazsedky).

“Our conclusion: superior CX drives superior revenue growth.”
Harley Manning, Forrester

“Customers who had the best past experiences spend 140% more compared to those who had the poorest past experiences”
Peter Kriss, Harvard Business Review

There is a lot of chatter happening in business circles about customer experience (CX) as a growth engine. It’s almost intuitive – you and I both understand how having a great experience affects us as customers. We all have businesses we love, products we’ll follow to the ends of the earth (in hopes they’ll finally go on sale), and websites we follow with almost religious fervor.

As CMO, VP of Success, or Head of Customer Support, you are constantly advocating for customer experience within your company. After all, from the very first moment the second blacksmith’s shop appeared in the village, creating competition for the first blacksmith’s shop, customer experience has been a deciding vote for who gets the business – just as much as price and quality. But as a business owner, or a professional marketer, you can’t afford to go with your gut. To win resources you need data to back up your argument that CX is the future (you know it is).

There is a correlation between CX and revenue growth, and we’ve compiled the research to back it up.

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Let’s Get SaaSsy – I’m offering a limited number of SaaS consulting engagements.

Customer Experience

2017 Trends in CX: Expert Advice for Marketing, Customer Success and Customer Support ft. @Wootric

2017-trends-in-cx

Image created by Yasmine Sedky (@yazsedky).

As we enter 2017, what trends are shaping how companies are treating Customer Experience (CX)? What obstacles, challenges or blind spots will Marketing, Customer Success and Customer Support leaders likely run into when trying to improve CX? And, how can they do CX better?

These are the questions we asked people who live, breath and develop CX for companies around the world. We also sourced trends from places like UserIQ and Forrester, for a more holistic view of what 2017 has in store for us.

How will Customer Experience develop over the next year? Here are their answers, predictions, and suggestions.

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Let’s Get SaaSsy – I’m offering a limited number of SaaS consulting engagements.

Customer Experience, Customer Success

Don’t Underestimate the Power of Emotion to Drive Customer Loyalty ft. @Wootric

dont-underestimate-the-power

Image created by Yasmine Sedky (@yazsedky).

Emotion is coming to the forefront of Customer Experience (CX) management, not because it’s warm and fuzzy, and not because leveraging feelings is devilishly manipulative, but because when you use emotion to drive your CX efforts, it becomes a powerful differentiator.

More companies are getting better at the functional basics of customer experience, like responding in a timely manner to questions, streamlining the purchase process, and smoothing out onboarding (not to mention creating a decent product) – which means they need something unique to offer that separates them from their competition.

What is the most unique, even unforgettable thing you can offer? The way you make your customers feel. It’s for this reason the bar for CX is inching up.

The fact that understanding and influencing emotion is a vital ingredient for business success is not surprising — it has been the heart and soul of brand efforts. It is also the foundation of the emotion-recognition techniques (measuring physiological responses) currently in pilot for some retailers and old-school ethnographic research. Forrester 2017 Predictions: Dynamics That Will Shape The Future In The Age Of The Customer

 
Emotion not only carries the ability to define your company in a sea of competitors, it can also inspire viral word of mouth marketing from people who love you and want to express that to a large audience, whether because they’re influencers with their own followers, or reviewers.

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Let’s Get SaaSsy – I’m offering a limited number of SaaS consulting engagements.

Customer Experience

The Real Pros & Cons of Net Promoter Score (#NPS) ft. @Wootric

the-real-list-of-pros-and-cons

Image created by Yasmine Sedky (@yazsedky).

I’m biased – I like the Net Promoter Score system, and I’m going to tell you why (in a minute). But, I also think we need an unbiased perspective on NPS, one that airs the dirty laundry, so to speak. Net Promoter Score is both a customer loyalty metric and a system for improving loyalty over time. NPS isn’t a perfect metric. It’s also not a complete system. But, most of the people talking about NPS are the ones touting it, which means you’ll rarely find a genuine report of its pros and cons.

Well, that’s exactly what I’m doing here.

In the interests of transparency, I have to say that Wootric, an NPS SaaS platform, suggested I write this piece and requested that I don’t pull any punches. No punches have been pulled.  This is my take.

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Let’s Get SaaSsy – I’m offering a limited number of SaaS consulting engagements.