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© 2019 Roland Frasier
THE CUSTOMER
EXPERIENCE
ELEVATOR
Roland Frasier | DigitalMarketer.com
Owned, Built + Sold 24
Businesses With Sales
€3M - €2.7B
3 Exits + 3 AcquisiSons In
The Past 12 Months
© 2019 Roland Frasier
WHAT IS CX?
© 2019 Roland Frasier
Case Study: Car Purchase Decision
Source: Think With Google
© 2019 Roland Frasier
Case Study: Car Purchase Decision
Source: Think With Google
© 2019 Roland Frasier
Case Study: Car Purchase Decision
Source: Think With Google
© 2019 Roland Frasier
Case Study: Car Purchase Decision
Source: Think With Google
© 2019 Roland Frasier
Case Study: Car Purchase Decision
Source: Think With Google
© 2019 Roland Frasier
The Increasing
Importance Of
SoZ Assets
© 2019 Roland Frasier
Customer
Experience
PosiSon
CompeSSve
Advantage
Brand
Culture
People
© 2019 Roland Frasier
© 2019 Roland Frasier
CX Stats
© 2019 Roland Frasier
AcquisiSon:
-3X to -30X
Prices:
+18% (64%)
RetenSon:
+2.7X (-40%)
Referrals:
+9X (-16X)
Sources: HBS Study | PwC | HBR | Aberdeen Group | Amex
“Good CX scores can drive a 1.3X to 2.4X
increase in Revenue Per Customer.”
© 2019 Roland Frasier
AcquisiSon:
€100,000
Sales:
€100,000
MRR Churn:
€48,000
Referral LTV:
€20,000
AcquisiSon:
€33,000
Prices:
€118,000
MRR Churn:
€17,800
Referral LTV:
€180,000
Savings:
€67,000
Margin:
€18,000
MRR Retained:
€30,200
Referral LTV:
€160,000
Up To
5.7X
Higher
ValuaSon
Sources: Forrester | RetailCustomerExperience | McKinsey© 2019 Roland Frasier
© 2019 Roland Frasier
IDENTIFY
EVERY
TOUCHPOINT
© 2019 Roland Frasier
Customer Touchpoint Inventory
Pre-Purchase Purchase Post-Purchase
Ads, Walk-By, Walk-In,
Word of Mouth, Print Ad,
Radio, TV, Trade Show,
Referral, Website, Blog,
NewsleNer, Flyer, Search
Engine, Email, Webinar,
Landing Pages, Snap,
Facebook, Instagram,
YouTube, LinkedIn, UGC,
Messenger, Chat, User
Group, Forum, Review Site,
RetargeUng, Comparison
Site, CompeUtor Sites,
Online Store, Call Center,
Physical Store, Amazon,
Direct Mail, Samples, Trial
Add-To-Cart, View Cart,
Customer Login, Guest
Checkout, Pre-pop
checkout, One-Click
Purchase, Edit Cart
Add/Remove, View Product
From Cart, Zoom Detail,
Persistent Cart, Shipping
Methods, Delivery Times,
In/Out of Stock, Payment
Methods, Upsells, Down-
sells, Cross-sells, In-
Purchase Support, Thank
You Page, ConfirmaUons
Chat, Messenger, Bots,
In-person Sales, Call Center
Email Order ConfirmaUons,
Messenger Order
ConfirmaUons, Bots, Ship
ConfirmaUons, Tracking,
Delivery Time, Delivery,
Unboxing, Box Open
Welcome, 1st Product
Contact, 1st Use, Use
InstrucUons, Bundle-In
Offers, On-Boarding, NPS,
ConsumpUon, Gi^s Follow-
Up, Support, UGC, User
CommuniUes, TesUmonials,
Follow-On Sales, Loyalty
Programs, RetenUon,
Referral, Re-order, Reviews
© 2019 Roland Frasier
Customer Touchpoint Inventory
Pre-Purchase Purchase Post-Purchase
© 2019 Roland Frasier
FIND OUT WHAT
CUSTOMERS ARE
THINKING
© 2019 Roland Frasier
Find Out What Your Customers Are
Saying + Thinking
1. Online Surveys
2. Listening Posts
3. Comment Cards
4. CX Opinion Reports
5. Usage Studies
6. Idea Submit Sites
7. Messenger Apps
8. Mystery Shoppers
9. Telephone Surveys
10. Customer Emails
11. Focus Groups
12. In-App Surveys
13. Support Desk Feedback
14. Social Listening
© 2019 Roland Frasier CUSTOMER EXPERIENCE FAB 50 GRID TEMPLATE
FAB 50 Feedback
BeliefsAcSonsFeelingsFeedback
© 2019 Roland Frasier CUSTOMER EXPERIENCE FAB 50 GRID
FAB 50 Feedback
BeliefsAcSonsFeelingsFeedback
I buy most products online
I think prices are beher online
I ask friends recommendaSons
I’m nervous if it’s not Amazon
I compare prices to not overpay
I hate being upsold
I always look for coupon codes
I won’t pay for shipping
I search for reviews before I buy
I want a guaranty before I buy
I need financing opSons
Save my cart or I’m gone
“I’m not comfortable buying from
sites that I don’t already know.”
I like to buy this kind of product
online.
“I believe prices are beNer online”
“I get recommendaUons from
friends before I make a purchase”
“I feel like you should be able to
buy without a bunch of upsells.”
“I search for discount codes before I
make a purchase”
“I believe all merchants should
offer free shipping”
“I search review sites before I make
a purchase.”
“I feel reassured when they offer a
money back guaranty.”
“I believe that you will overpay if
you don’t compare prices first.”
“I believe all merchants should
offer financing opUons.”
“I feel frustrated when carts don’t
save items to buy later.”
© 2019 Roland Frasier
OPTIMIZE
CUSTOMER
EXPERIENCE
© 2019 Roland Frasier
P
o
s
i
t
i
v
e
C
X
N
e
g
a
t
i
v
e
C
X Peak-End Rule
Pit
Pit
Pit
RETAINED ONBOARD TEST CAMPAIGN BIG WIN AD FATIGUE AD REFRESH REP CHANGE GIFT
Peak
Peak
Peak
Peak
Peak
© 2019 Roland Frasier
Takeaways…
Design PosiSve Beginnings
Design CX Surprise + Delight Peaks
Design CX Ending Peaks
Flip the Pits
Celebrate Milestones
© 2019 Roland Frasier
1.CommunicaSon
2.WaiSng Too Long
3.Genng Shuffled Around
4.You Don’t Seem To Care
5.Over Promising and
Under-Delivering
6.Not Listening
Biggest Client Complaints
Sources: ClientFlow.com | Business.com
1.Genng Clients
2.Retaining Clients
3.AhracSng Top Talent
4.Managing ExpectaSons
5.Genng Results
6.AdapSng To Industry
Changes
Biggest Business Issues
© 2019 Roland Frasier
1.CommunicaSon
2.WaiSng Too Long
3.Genng Shuffled Around
4.You Don’t Seem To Care
5.Over-Promising and
Under-Delivering
6.Not Listening
Biggest Client Complaints
Sources: ClientFlow.com | Business/.com
1.Genng Clients
2.Retaining Clients
3.AhracSng Top Talent
4.Managing ExpectaSons
5.Genng Results
6.AdapSng To Industry
Changes
Biggest Business Issues
© 2019 Roland Frasier
MEASURING
CX
© 2019 Roland Frasier
Why Measure?
Increase Customer Loyalty +
Reduce Churn
Reducing churn by 5% Can Equal
25% to 95% Increase In Profits
Sources: Bain
© 2019 Roland Frasier
C-SAT
© 2019 Roland Frasier
“On a scale of 1-7 how saSsfied
are you with our service?”
© 2019 Roland Frasier
1-3: 80% of most corporate Sme is spent
on complaint management
4-6: Focus more on moving these to a 7
They are worth 9X as much!
Source: Forrester
© 2019 Roland Frasier
€132,341,160
Source: Southwest Airlines
© 2019 Roland Frasier
NPS
NET PROMOTER
SCORE
© 2019 Roland Frasier
“NPS measures how likely your
customers are to recommend your
business to a friend.”
© 2019 Roland Frasier
Step 1: Survey your customers. Ask "On a scale of 0 to 10,
how likely are you to recommend us to a friend?”
Step 2: Categorize respondents 0-6 are Detractors, 7-8 are
Passives, 9-10 are Promoters.
Step 3: Calculate NPS. (# of Promoters - # of Detractors) =
NPS. This score can range from -100 to 100.
© 2019 Roland Frasier
WHY TRACK
NPS?
© 2019 Roland Frasier
Brands with the highest levels of
brand advocacy (NPS) grow 2.5X
faster than their compeStors
Source: Bain & Company
© 2019 Roland Frasier
Improves Referral MarkeSng
80% of happy customers will recommend
Prospects 70% more likely to buy if friend
recommends
Referred customers have 16% higher LCV
Source: Temkin + American Express| Extol
© 2019 Roland Frasier
Referrals
80% ↑
Conversions:
70% ↑
LCV:
16% ↑
Total $$
Before:
100
2%
€10,000
€20,000
% Increase →
AZer:
180
3.4%
€11,600
€70,992
© 2019 Roland Frasier
Referrals
80% ↑!
Conversions:
70% ↑
LCV:
16% ↑
Total $$
Before:
100
2%
€10,000
€20,000
% Increase →
AZer:
180
3.4%
€11,600
€70,992
355% = 3.55X
© 2019 Roland Frasier
KEY POINTS
TO MEASURE
© 2019 Roland Frasier
Always-On Surveys
© 2019 Roland Frasier
Touchpoint Intercept Surveys
© 2019 Roland Frasier
Abandonment Intercept Surveys
© 2019 Roland Frasier
Post-Purchase Surveys
© 2019 Roland Frasier
TargeSng + SegmentaSon Surveys
© 2019 Roland Frasier
CUSTOMER
EXPERIENCE
ELEVATOR
© 2019 Roland Frasier
x
10 ⭐ Experience (Impossible)
5 ⭐ Experience (Current Best Possible)
1 ⭐ Experience (Unacceptable)
7 ⭐ Experience
(New Standard)1 2 3 4 5 6 7 8 9 10
The Customer Experience Elevator
© 2019 Roland Frasier
Exercise…
Take 3 Minutes to write your 5-Star review
Get your team into a group of 4:
Name + Describe Biz + Read 5-Star review
4 minutes each to create a 10-Star review
4 minutes each to create a 7-Star review
Read your online reviews and write your 1-
star review. Then flip the pits
© 2019 Roland Frasier
CUSTOMER
EXPERIENCE
STORY
© 2019 Roland Frasier
x
Aware Engage Subscribe Convert Excite Ascend Advocate Promote
SenngF.A.B.TeamExperience
Your Customer Experience Story
© 2019 Roland Frasier
x
Aware Engage Subscribe Convert Excite Ascend Advocate Promote
SenngF.A.B.TeamExperience
Your Customer Experience Story
Facebook
Instagram
Email
Blog
YouTube
Confused
Overwhelm
See/Click Ad
Can I even do
this?
Ad Agency
CreaVve +
Build Team
They get me.
Ad + lander =
look and feel
the same
LM appeals
Landing Page
SkepVcal
Reading Page
This can help
me get what I
want.
CreaVve, copy
+ build team
Lead magnet
solve a big
problem they
have.
Opt-in Form
Don’t want to
get spam.
OpVng-in
SkepVcal. Will
this work?
CreaVve, copy
+ build team
Enter email,
see thank you
page. Receive
lead magnet in
email.
Sales + order
page/cart
Phone call
Live event
Confident.
Understood.
Give payment
info. This will
work.
Inbound sales
team, call
center, live
event staff or
website
Cart works,
receive pmt.,
confirmaVon
rec’d. product
recd.
THANK
YOU!
Roland Frasier
DigitalMarketer.com
Das ist Marketing Stuttgart: This Is Marketing Stuttgart: Präsentation zur Kundenerfahrung

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Das ist Marketing Stuttgart: This Is Marketing Stuttgart: Präsentation zur Kundenerfahrung

  • 1. © 2019 Roland Frasier THE CUSTOMER EXPERIENCE ELEVATOR Roland Frasier | DigitalMarketer.com
  • 2. Owned, Built + Sold 24 Businesses With Sales €3M - €2.7B 3 Exits + 3 AcquisiSons In The Past 12 Months
  • 3. © 2019 Roland Frasier WHAT IS CX?
  • 4. © 2019 Roland Frasier Case Study: Car Purchase Decision Source: Think With Google
  • 5. © 2019 Roland Frasier Case Study: Car Purchase Decision Source: Think With Google
  • 6. © 2019 Roland Frasier Case Study: Car Purchase Decision Source: Think With Google
  • 7. © 2019 Roland Frasier Case Study: Car Purchase Decision Source: Think With Google
  • 8. © 2019 Roland Frasier Case Study: Car Purchase Decision Source: Think With Google
  • 9. © 2019 Roland Frasier The Increasing Importance Of SoZ Assets
  • 10. © 2019 Roland Frasier Customer Experience PosiSon CompeSSve Advantage Brand Culture People
  • 11. © 2019 Roland Frasier
  • 12. © 2019 Roland Frasier CX Stats
  • 13. © 2019 Roland Frasier AcquisiSon: -3X to -30X Prices: +18% (64%) RetenSon: +2.7X (-40%) Referrals: +9X (-16X) Sources: HBS Study | PwC | HBR | Aberdeen Group | Amex “Good CX scores can drive a 1.3X to 2.4X increase in Revenue Per Customer.”
  • 14. © 2019 Roland Frasier AcquisiSon: €100,000 Sales: €100,000 MRR Churn: €48,000 Referral LTV: €20,000 AcquisiSon: €33,000 Prices: €118,000 MRR Churn: €17,800 Referral LTV: €180,000 Savings: €67,000 Margin: €18,000 MRR Retained: €30,200 Referral LTV: €160,000
  • 15. Up To 5.7X Higher ValuaSon Sources: Forrester | RetailCustomerExperience | McKinsey© 2019 Roland Frasier
  • 16. © 2019 Roland Frasier IDENTIFY EVERY TOUCHPOINT
  • 17. © 2019 Roland Frasier Customer Touchpoint Inventory Pre-Purchase Purchase Post-Purchase Ads, Walk-By, Walk-In, Word of Mouth, Print Ad, Radio, TV, Trade Show, Referral, Website, Blog, NewsleNer, Flyer, Search Engine, Email, Webinar, Landing Pages, Snap, Facebook, Instagram, YouTube, LinkedIn, UGC, Messenger, Chat, User Group, Forum, Review Site, RetargeUng, Comparison Site, CompeUtor Sites, Online Store, Call Center, Physical Store, Amazon, Direct Mail, Samples, Trial Add-To-Cart, View Cart, Customer Login, Guest Checkout, Pre-pop checkout, One-Click Purchase, Edit Cart Add/Remove, View Product From Cart, Zoom Detail, Persistent Cart, Shipping Methods, Delivery Times, In/Out of Stock, Payment Methods, Upsells, Down- sells, Cross-sells, In- Purchase Support, Thank You Page, ConfirmaUons Chat, Messenger, Bots, In-person Sales, Call Center Email Order ConfirmaUons, Messenger Order ConfirmaUons, Bots, Ship ConfirmaUons, Tracking, Delivery Time, Delivery, Unboxing, Box Open Welcome, 1st Product Contact, 1st Use, Use InstrucUons, Bundle-In Offers, On-Boarding, NPS, ConsumpUon, Gi^s Follow- Up, Support, UGC, User CommuniUes, TesUmonials, Follow-On Sales, Loyalty Programs, RetenUon, Referral, Re-order, Reviews
  • 18. © 2019 Roland Frasier Customer Touchpoint Inventory Pre-Purchase Purchase Post-Purchase
  • 19. © 2019 Roland Frasier FIND OUT WHAT CUSTOMERS ARE THINKING
  • 20. © 2019 Roland Frasier Find Out What Your Customers Are Saying + Thinking 1. Online Surveys 2. Listening Posts 3. Comment Cards 4. CX Opinion Reports 5. Usage Studies 6. Idea Submit Sites 7. Messenger Apps 8. Mystery Shoppers 9. Telephone Surveys 10. Customer Emails 11. Focus Groups 12. In-App Surveys 13. Support Desk Feedback 14. Social Listening
  • 21. © 2019 Roland Frasier CUSTOMER EXPERIENCE FAB 50 GRID TEMPLATE FAB 50 Feedback BeliefsAcSonsFeelingsFeedback
  • 22. © 2019 Roland Frasier CUSTOMER EXPERIENCE FAB 50 GRID FAB 50 Feedback BeliefsAcSonsFeelingsFeedback I buy most products online I think prices are beher online I ask friends recommendaSons I’m nervous if it’s not Amazon I compare prices to not overpay I hate being upsold I always look for coupon codes I won’t pay for shipping I search for reviews before I buy I want a guaranty before I buy I need financing opSons Save my cart or I’m gone “I’m not comfortable buying from sites that I don’t already know.” I like to buy this kind of product online. “I believe prices are beNer online” “I get recommendaUons from friends before I make a purchase” “I feel like you should be able to buy without a bunch of upsells.” “I search for discount codes before I make a purchase” “I believe all merchants should offer free shipping” “I search review sites before I make a purchase.” “I feel reassured when they offer a money back guaranty.” “I believe that you will overpay if you don’t compare prices first.” “I believe all merchants should offer financing opUons.” “I feel frustrated when carts don’t save items to buy later.”
  • 23. © 2019 Roland Frasier OPTIMIZE CUSTOMER EXPERIENCE
  • 24. © 2019 Roland Frasier P o s i t i v e C X N e g a t i v e C X Peak-End Rule Pit Pit Pit RETAINED ONBOARD TEST CAMPAIGN BIG WIN AD FATIGUE AD REFRESH REP CHANGE GIFT Peak Peak Peak Peak Peak
  • 25. © 2019 Roland Frasier Takeaways… Design PosiSve Beginnings Design CX Surprise + Delight Peaks Design CX Ending Peaks Flip the Pits Celebrate Milestones
  • 26. © 2019 Roland Frasier 1.CommunicaSon 2.WaiSng Too Long 3.Genng Shuffled Around 4.You Don’t Seem To Care 5.Over Promising and Under-Delivering 6.Not Listening Biggest Client Complaints Sources: ClientFlow.com | Business.com 1.Genng Clients 2.Retaining Clients 3.AhracSng Top Talent 4.Managing ExpectaSons 5.Genng Results 6.AdapSng To Industry Changes Biggest Business Issues
  • 27. © 2019 Roland Frasier 1.CommunicaSon 2.WaiSng Too Long 3.Genng Shuffled Around 4.You Don’t Seem To Care 5.Over-Promising and Under-Delivering 6.Not Listening Biggest Client Complaints Sources: ClientFlow.com | Business/.com 1.Genng Clients 2.Retaining Clients 3.AhracSng Top Talent 4.Managing ExpectaSons 5.Genng Results 6.AdapSng To Industry Changes Biggest Business Issues
  • 28. © 2019 Roland Frasier MEASURING CX
  • 29. © 2019 Roland Frasier Why Measure? Increase Customer Loyalty + Reduce Churn Reducing churn by 5% Can Equal 25% to 95% Increase In Profits Sources: Bain
  • 30. © 2019 Roland Frasier C-SAT
  • 31. © 2019 Roland Frasier “On a scale of 1-7 how saSsfied are you with our service?”
  • 32. © 2019 Roland Frasier 1-3: 80% of most corporate Sme is spent on complaint management 4-6: Focus more on moving these to a 7 They are worth 9X as much! Source: Forrester
  • 33. © 2019 Roland Frasier €132,341,160 Source: Southwest Airlines
  • 34. © 2019 Roland Frasier NPS NET PROMOTER SCORE
  • 35. © 2019 Roland Frasier “NPS measures how likely your customers are to recommend your business to a friend.”
  • 36. © 2019 Roland Frasier Step 1: Survey your customers. Ask "On a scale of 0 to 10, how likely are you to recommend us to a friend?” Step 2: Categorize respondents 0-6 are Detractors, 7-8 are Passives, 9-10 are Promoters. Step 3: Calculate NPS. (# of Promoters - # of Detractors) = NPS. This score can range from -100 to 100.
  • 37. © 2019 Roland Frasier WHY TRACK NPS?
  • 38. © 2019 Roland Frasier Brands with the highest levels of brand advocacy (NPS) grow 2.5X faster than their compeStors Source: Bain & Company
  • 39. © 2019 Roland Frasier Improves Referral MarkeSng 80% of happy customers will recommend Prospects 70% more likely to buy if friend recommends Referred customers have 16% higher LCV Source: Temkin + American Express| Extol
  • 40. © 2019 Roland Frasier Referrals 80% ↑ Conversions: 70% ↑ LCV: 16% ↑ Total $$ Before: 100 2% €10,000 €20,000 % Increase → AZer: 180 3.4% €11,600 €70,992
  • 41. © 2019 Roland Frasier Referrals 80% ↑! Conversions: 70% ↑ LCV: 16% ↑ Total $$ Before: 100 2% €10,000 €20,000 % Increase → AZer: 180 3.4% €11,600 €70,992 355% = 3.55X
  • 42. © 2019 Roland Frasier KEY POINTS TO MEASURE
  • 43. © 2019 Roland Frasier Always-On Surveys
  • 44. © 2019 Roland Frasier Touchpoint Intercept Surveys
  • 45. © 2019 Roland Frasier Abandonment Intercept Surveys
  • 46. © 2019 Roland Frasier Post-Purchase Surveys
  • 47. © 2019 Roland Frasier TargeSng + SegmentaSon Surveys
  • 48. © 2019 Roland Frasier CUSTOMER EXPERIENCE ELEVATOR
  • 49. © 2019 Roland Frasier x 10 ⭐ Experience (Impossible) 5 ⭐ Experience (Current Best Possible) 1 ⭐ Experience (Unacceptable) 7 ⭐ Experience (New Standard)1 2 3 4 5 6 7 8 9 10 The Customer Experience Elevator
  • 50. © 2019 Roland Frasier Exercise… Take 3 Minutes to write your 5-Star review Get your team into a group of 4: Name + Describe Biz + Read 5-Star review 4 minutes each to create a 10-Star review 4 minutes each to create a 7-Star review Read your online reviews and write your 1- star review. Then flip the pits
  • 51. © 2019 Roland Frasier CUSTOMER EXPERIENCE STORY
  • 52. © 2019 Roland Frasier x Aware Engage Subscribe Convert Excite Ascend Advocate Promote SenngF.A.B.TeamExperience Your Customer Experience Story
  • 53. © 2019 Roland Frasier x Aware Engage Subscribe Convert Excite Ascend Advocate Promote SenngF.A.B.TeamExperience Your Customer Experience Story Facebook Instagram Email Blog YouTube Confused Overwhelm See/Click Ad Can I even do this? Ad Agency CreaVve + Build Team They get me. Ad + lander = look and feel the same LM appeals Landing Page SkepVcal Reading Page This can help me get what I want. CreaVve, copy + build team Lead magnet solve a big problem they have. Opt-in Form Don’t want to get spam. OpVng-in SkepVcal. Will this work? CreaVve, copy + build team Enter email, see thank you page. Receive lead magnet in email. Sales + order page/cart Phone call Live event Confident. Understood. Give payment info. This will work. Inbound sales team, call center, live event staff or website Cart works, receive pmt., confirmaVon rec’d. product recd.