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Creating a
Culture of
Referenceability
What’s the Value?

                     • Peers are the most trusted source for a
                       B2B buyer
                     • Most companies have a wealth of
                       advocate value that goes unrealized
                     • Your best advocates are worth much more
                       than their contract value




www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   2
What’s the Value?

                     • They help differentiate your offering from
                       competitors’
                     • They help maintain your value and
                       minimize discounting
                     • Advocates provide credibility that make a
                       decision in your favor easier, faster




www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   3
Essential Requirements

                     • Creating a Culture of Referenceability
                       requires C-Level support
                     • All parts of the organization see it as a top
                       priority and are accountable
                     • A willingness to change business as usual
                       practices




www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   4
The Three Elements

                     1. Employees internalize the responsibility
                        to cultivate customer references
                     2. Employees identify customers ready to
                        act as advocates/champions
                     3. Employees are trained on the effective
                        use of advocates in all relevant sales and
                        marketing activities



www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   5
Cultivate

                     •          All employees, customer-facing in
                                particular, must have referenceability as
                                the end goal in their interactions
                     •          Incentives may play a role, but this should
                                be a core value of the organization
                     •          All employees should be empowered to
                                explore a customer’s willingness to
                                advocate



www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   6
Identify                                                                     Got
                                                                                                  one!
                     •          Employees across the organization
                                should be looking for advocates
                     •          Once a customer expresses high
                                enthusiasm, they should be made aware
                                of the customer reference program (or
                                equivalent function)
                     •          A smooth, easy transition should be
                                made to this team



www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   7
Effective Use

                     •          The sales team “playbook” should map
                                customer advocate and customer content
                                to each sales stage
                     •          Every team in marketing should figure out
                                how customers can tell the company’s
                                story for more credibility
                     •          Strategic initiatives should always include
                                customer advocate use



www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   8
Catch Fire

                     •          As more customers advocate, more will
                                see the benefits and participate
                     •          The role customer advocates play in new
                                revenue and growth becomes tangible,
                                measureable
                     •          With more visible advocacy, employees
                                are further committed to the goal




www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   9
We Can Help You

                     •          We’ve been building and supporting
                                customer reference programs since 2003!
                     •          See our blog
                                www.customerreferenceinsights.com
                     •          Contact us at
                                1-800-708-4857 or
                                info@point-of-reference.com




www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved.   10

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Creating a Culture of Referenceability

  • 2. What’s the Value? • Peers are the most trusted source for a B2B buyer • Most companies have a wealth of advocate value that goes unrealized • Your best advocates are worth much more than their contract value www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 2
  • 3. What’s the Value? • They help differentiate your offering from competitors’ • They help maintain your value and minimize discounting • Advocates provide credibility that make a decision in your favor easier, faster www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 3
  • 4. Essential Requirements • Creating a Culture of Referenceability requires C-Level support • All parts of the organization see it as a top priority and are accountable • A willingness to change business as usual practices www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 4
  • 5. The Three Elements 1. Employees internalize the responsibility to cultivate customer references 2. Employees identify customers ready to act as advocates/champions 3. Employees are trained on the effective use of advocates in all relevant sales and marketing activities www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 5
  • 6. Cultivate • All employees, customer-facing in particular, must have referenceability as the end goal in their interactions • Incentives may play a role, but this should be a core value of the organization • All employees should be empowered to explore a customer’s willingness to advocate www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 6
  • 7. Identify Got one! • Employees across the organization should be looking for advocates • Once a customer expresses high enthusiasm, they should be made aware of the customer reference program (or equivalent function) • A smooth, easy transition should be made to this team www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 7
  • 8. Effective Use • The sales team “playbook” should map customer advocate and customer content to each sales stage • Every team in marketing should figure out how customers can tell the company’s story for more credibility • Strategic initiatives should always include customer advocate use www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 8
  • 9. Catch Fire • As more customers advocate, more will see the benefits and participate • The role customer advocates play in new revenue and growth becomes tangible, measureable • With more visible advocacy, employees are further committed to the goal www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 9
  • 10. We Can Help You • We’ve been building and supporting customer reference programs since 2003! • See our blog www.customerreferenceinsights.com • Contact us at 1-800-708-4857 or info@point-of-reference.com www.point-of-reference.com | Copyright ©2012 Point of Reference Inc. | All rights reserved. 10

Editor's Notes

  1. Requires:Clear, emphatic communication by all leadership Training on the last point: exploring a customer’s willingness to advocate
  2. Requires: Training on the ultimate uses of customer advocacy A well-documented program for customer advocacy participation Goals and measurement Incentives
  3. Other departments that can incorporate customer advocates include: product marketing training customer service consulting sales enablement/operationsSuccess in effective use must be amplified through the organization to provide example and positive reinforcement of the initiative