FROM PRODUCT TO EXPERIENCE




                                                                                                                                CUSTOMER EXPERIENCE
FROM PRICE TO EXCHANGE
“HOW” MAY MEAN MORE TO CONSUMERS THAN “HOW-MUCH”

YOU CAN
ENGAGE IN EVER MORE PROFITABLE INTERACTIONS WITH
CUSTOMERS WITHOUT NECESSARILY
REQUIRING THEM TO GIVE YOU ANY MORE MONEY”




  Awareness        Investigation   Consideration
                                                     Purchase            Use       Satisfaction      Loyalty        Advocacy
                      Lead           Bidding &
   Branding                                        Negotiation &     Fulfillment    Customer       Retention &       WOM /
                   Generation &      Proposal                                                     Up / Cross sale
                                                      Close                          Service                         Referral
                   Qualification



              Pre-Purchase                                    Purchase                            Post-Purchase
TOUCH POINT
Atomic structure of customer experience



A TOUCH POINT REPRESENTS EVERY TIME YOUR CUSTOMER
COMES INTO CONTACT WITH, OR ‘TOUCHES’ YOUR BRAND
AND ANYTHING AND EVERYTHING ASSOCIATED WITH IT.
USING THE PRODUCT OR SERVICE ITSELF IS THE MAIN TOUCH POINT. SO IS AN ADVERT FOR THE BRAND, THE
PERSON WHO PICKS UP THE PHONE WHEN CUSTOMER ORDER, THE DELIVERY MAN, THE INVOICE LETTER,
EVEN A COMMENT FROM A FRIEND ON YOUR BRAND OR CUSTOMER SERVICE.
NOT EVERY CHANNEL IS SUITABLE FOR




                                      CHANNELS ESTABLISHES TOUCH POINTS
PROVIDING THE BEST CUSTOMER
EXPERIENCE AT EVERY LEVEL TO MAKE A
SALE AND RETAIN THE CUSTOMER.
AS A GENERAL RULE,
WHEREVER YOU FIND A
LARGE GROUP OF PEOPLE
WHO ARE BAFFLED BY
COMPLEXITY, YOU WILL
FIND A SMALLER GROUP OF
PEOPLE MAKING A GOOD
LIVING SCREWING THEM.
RECOGNIZE THE FACT THAT EACH




                                                                                                                                               CHANNEL COSTS
CHANNEL HAS ITS OWN ASSOCIATED
COSTS
                                         Typical transaction costs by channels: $5,000 - 7,500 industrial product
                                  1200


                                  1000
   Typical transaction cost ($)




                                  800


                                  600


                                  400


                                  200


                                    0
                                            Internet         Telesales        Volume Distributors   Value-added Partners   Field Sales Force
                                          ($20 - $150)     ($50 - $150)          ($400 - $500)          ($500 - $600)          ($1,000)
                                                            Value-added of channel in the sales process
                                         low                                                                   high
SALES FORCE ‘S TRANSACTION COST
                                  $100           $100            $100                $100              $100             $100                    $100                $100
                   Sales Force




                                                                                                     Total Cost Per Sales Transaction: $800
               Value added
                Resellers
Cost of Sale

               Distributors
                 Volume
                   Call Center
                   Internet




                                 Awareness   Investigation     Consideration       Selection          Purchase            Use                  Loyalty
                                                                                                                                         Retention, Cross & up
                                                                                                                                                                   Advocacy
                                  Branding   Lead Generation    Prospecting    Negotiation & Close    Fulfillment   Support, Service &
                                                                                                                                                                 WOM / Referral
                                                                                                                          Care                   Sale
INTEGRATED MARKETING CHANNELS
                   Sales Force




                                                               $100
                                                                                     $100                 $100             $100
               Value added
                Resellers




                                                                                                                                                                $50
Cost of Sale




                                                                                                     Total Cost Per Sales Transaction: $470
               Distributors
                 Volume
                   Call Center




                                               $10
                   Internet




                                                                                                                                                              $5
                                 $5

                                 Awareness   Investigation     Consideration       Selection             Purchase            Use                  Loyalty
                                                                                                                                            Retention, Cross & up
                                                                                                                                                                        Advocacy
                                  Branding   Lead Generation    Prospecting    Negotiation & Close       Fulfillment   Support, Service &
                                                                                                                                                                      WOM / Referral
                                                                                                                             Care                   Sale
STEPS TO:
INTEGRATE MULTIPLE CHANNELS INTO
ONE CUSTOMER RELATIONSHIP CYCLE.
CHANNEL MIX
CHANNELS IN A MIX JUST COEXIST, EACH
PROVIDING A DIFFERENT ROUTE TO
CUSTOMERS.
CHANNEL REVENUE
FROM VERTICAL-MARKETS REVENUE
FORECAST TO DISTRIBUTION-BASED
REVENUE FORECAST
SELECT THE LOWEST-COST CHANNEL




                                 INTEGRATE CHANNELS
WHICH CAN ADEQUATELY
ACCOMPLISH A TASK
MAJOR ROI
DOUBLE DIGIT REVENUE GROWTH AND THE SLASHING, AT A MINIMUM, OF
10 TO 15 PERCENT OF SELLING COSTS – ABSOLUTELY REALISTIC
RESULTS THAT HAVE BEEN ACHIEVED CONSISTENTLY BY THE COMPANIES
THAT HAVE BECOME SERIOUS ABOUT GO-TO-MARKET INNOVATION.
                                      LAWRENCE FRIEDMAN, GO-TO-MARKET STRATEGY
NO ONE REACHED TO GREATNESS JUST
BY THINKING

ACT!
DO SOMETHING, ANYTHING!
START THE CONVERSATION & UNCOVER MANY REAL OPPORTUNITIES
THAT MAY HAVE BEEN PREVIOUSLY HIDDEN IN PLAIN SIGHT.

CPSPHERE IS AN INNOVATIVE MANAGEMENT CONSULTING FIRM, FOCUSED ON STRATEGIC SALES AND
MARKETING AND ITS HANDS-ON EXECUTION. RESULTING IN INCREASED SALES AND IMPROVED PROFITS.




 WWW.CPSPHERE.COM   | 310.645.0707 | GROWTH@CPSPHERE.COM
 5777 W. CENTURY BLVD. SUITE 1250, LOS ANGELES, CA 90045

Growth Channels

  • 1.
    FROM PRODUCT TOEXPERIENCE CUSTOMER EXPERIENCE FROM PRICE TO EXCHANGE “HOW” MAY MEAN MORE TO CONSUMERS THAN “HOW-MUCH” YOU CAN ENGAGE IN EVER MORE PROFITABLE INTERACTIONS WITH CUSTOMERS WITHOUT NECESSARILY REQUIRING THEM TO GIVE YOU ANY MORE MONEY” Awareness Investigation Consideration Purchase Use Satisfaction Loyalty Advocacy Lead Bidding & Branding Negotiation & Fulfillment Customer Retention & WOM / Generation & Proposal Up / Cross sale Close Service Referral Qualification Pre-Purchase Purchase Post-Purchase
  • 2.
    TOUCH POINT Atomic structureof customer experience A TOUCH POINT REPRESENTS EVERY TIME YOUR CUSTOMER COMES INTO CONTACT WITH, OR ‘TOUCHES’ YOUR BRAND AND ANYTHING AND EVERYTHING ASSOCIATED WITH IT. USING THE PRODUCT OR SERVICE ITSELF IS THE MAIN TOUCH POINT. SO IS AN ADVERT FOR THE BRAND, THE PERSON WHO PICKS UP THE PHONE WHEN CUSTOMER ORDER, THE DELIVERY MAN, THE INVOICE LETTER, EVEN A COMMENT FROM A FRIEND ON YOUR BRAND OR CUSTOMER SERVICE.
  • 3.
    NOT EVERY CHANNELIS SUITABLE FOR CHANNELS ESTABLISHES TOUCH POINTS PROVIDING THE BEST CUSTOMER EXPERIENCE AT EVERY LEVEL TO MAKE A SALE AND RETAIN THE CUSTOMER.
  • 4.
    AS A GENERALRULE, WHEREVER YOU FIND A LARGE GROUP OF PEOPLE WHO ARE BAFFLED BY COMPLEXITY, YOU WILL FIND A SMALLER GROUP OF PEOPLE MAKING A GOOD LIVING SCREWING THEM.
  • 5.
    RECOGNIZE THE FACTTHAT EACH CHANNEL COSTS CHANNEL HAS ITS OWN ASSOCIATED COSTS Typical transaction costs by channels: $5,000 - 7,500 industrial product 1200 1000 Typical transaction cost ($) 800 600 400 200 0 Internet Telesales Volume Distributors Value-added Partners Field Sales Force ($20 - $150) ($50 - $150) ($400 - $500) ($500 - $600) ($1,000) Value-added of channel in the sales process low high
  • 6.
    SALES FORCE ‘STRANSACTION COST $100 $100 $100 $100 $100 $100 $100 $100 Sales Force Total Cost Per Sales Transaction: $800 Value added Resellers Cost of Sale Distributors Volume Call Center Internet Awareness Investigation Consideration Selection Purchase Use Loyalty Retention, Cross & up Advocacy Branding Lead Generation Prospecting Negotiation & Close Fulfillment Support, Service & WOM / Referral Care Sale
  • 7.
    INTEGRATED MARKETING CHANNELS Sales Force $100 $100 $100 $100 Value added Resellers $50 Cost of Sale Total Cost Per Sales Transaction: $470 Distributors Volume Call Center $10 Internet $5 $5 Awareness Investigation Consideration Selection Purchase Use Loyalty Retention, Cross & up Advocacy Branding Lead Generation Prospecting Negotiation & Close Fulfillment Support, Service & WOM / Referral Care Sale
  • 8.
    STEPS TO: INTEGRATE MULTIPLECHANNELS INTO ONE CUSTOMER RELATIONSHIP CYCLE.
  • 9.
    CHANNEL MIX CHANNELS INA MIX JUST COEXIST, EACH PROVIDING A DIFFERENT ROUTE TO CUSTOMERS.
  • 10.
    CHANNEL REVENUE FROM VERTICAL-MARKETSREVENUE FORECAST TO DISTRIBUTION-BASED REVENUE FORECAST
  • 11.
    SELECT THE LOWEST-COSTCHANNEL INTEGRATE CHANNELS WHICH CAN ADEQUATELY ACCOMPLISH A TASK
  • 12.
    MAJOR ROI DOUBLE DIGITREVENUE GROWTH AND THE SLASHING, AT A MINIMUM, OF 10 TO 15 PERCENT OF SELLING COSTS – ABSOLUTELY REALISTIC RESULTS THAT HAVE BEEN ACHIEVED CONSISTENTLY BY THE COMPANIES THAT HAVE BECOME SERIOUS ABOUT GO-TO-MARKET INNOVATION. LAWRENCE FRIEDMAN, GO-TO-MARKET STRATEGY
  • 13.
    NO ONE REACHEDTO GREATNESS JUST BY THINKING ACT! DO SOMETHING, ANYTHING!
  • 14.
    START THE CONVERSATION& UNCOVER MANY REAL OPPORTUNITIES THAT MAY HAVE BEEN PREVIOUSLY HIDDEN IN PLAIN SIGHT. CPSPHERE IS AN INNOVATIVE MANAGEMENT CONSULTING FIRM, FOCUSED ON STRATEGIC SALES AND MARKETING AND ITS HANDS-ON EXECUTION. RESULTING IN INCREASED SALES AND IMPROVED PROFITS. WWW.CPSPHERE.COM | 310.645.0707 | GROWTH@CPSPHERE.COM 5777 W. CENTURY BLVD. SUITE 1250, LOS ANGELES, CA 90045