Monday, September 9, 2019

Customer Success and Its Importance to Business

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Businesses nowadays give importance to customer satisfaction because, to put it simply, if you have happy customers then customers will continue buying your product in the long term. Small businesses can easily see and check if their customers are satisfied. For example, if you have a food stand and people line up to buy your food on a daily basis, then it’s a clear image that you keep your customers happy. But what about medium to big businesses? How do they know that their customers are satisfied with the service or product that they purchased? This is where customer success software comes in. 

First of all, let's start with customer success. Customer success, in fact, is becoming one of the most important factors across all types business—the difference between a company going broke and achieving mega-growth. To explain further, according to Wikipedia, customer success is the business methodology of ensuring customers achieve their desired outcomes while using your product or service. Customer Success is relationship-focused client management, that aligns client and vendor goals for mutually beneficial outcomes. Effective Customer Success strategy typically results in decreased customer churn and increased up-sell opportunities.

To understand what that means, let me share this with you: I overheard once from a client I handled before that he accidentally poured coffee on this laptop. He took it to a service center where he was accommodated by a repair guy. The repair guy checked his laptop and explained what need to be fixed with the item. The repair guy further suggested that after they fix the laptop, they were also willing to give him a discount if he would purchase an accessory for the laptop such as headphones, wireless mouse, etc.  Since this old client of mine was happy with his laptop and thought he needs a keyboard for it, he gladly purchased a wireless keyboard because sometimes he would prefer to type using an external keyboard than on the laptop’s keyboard. So in the end, it was easy for the repair guy to up –sell to his customer because he was happy with his laptop’s performance and buying another product would further improve his satisfaction with the laptop. So that’s one example of customer success strategy thanks to the laptop’s performance that initially made the customer happy.

Now that you have a better picture of what customer success means, did you know that there is a software for it? You guessed it right. It’s called a customer success software. Customer success is every essential to business nowadays and they definitely need a program to check it. According to an article from the Customer Success Association , businesses are going to need a suite of effective tools that will power your Customer Success group and enable it to scale as your customer base grows.  This is not something you can do with your sales automation system and a few spreadsheets. 

Aside from customer success software, there’s also customer success con events. Customer Success conferences are the best places for direct in-person networking with other Customer Success professionals.  The entire conference is designed to facilitate executive connections and knowledge-sharing both during and long after the day.


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