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How to Lead a B2B CX Transformation ProgramAnd Avoid Costly Mistakes Introduction: The Importance of CX Transformation in B2B Todays business customers expect seamless, responsive, and value-rich interactions at every stage of the partnership.
Widely adopted across industries, NPS has faced increasing scrutiny for its limitations in offering a complete view of the customer experience. This article delves into these critiques, exploring how NPS fares across diverse business landscapes—both in B2B and B2C environments. Choose what matches your organization.
However, while easy to write about, it is much harder to implement in both B2B and B2C contexts. Understanding Customer Needs and Expectations The foundation of any CX strategy is a deep understanding of who your customers are and what they value. There are several ways to obtain data and understand customers.
While it’s easy to discuss these concepts, implementing them effectively in both B2B and B2C contexts poses significant challenges. Understanding Customer Needs and Expectations A successful CX strategy begins with a thorough understanding of your customers and what they value. Article authored by Ricardo Saltz Gulko.
Gartner predicts that over 75% of organizations will move away from using NPS as a primary metric for customer service and support by 2025. The simplicity of NPS fails to capture the complexities of customerrelationships and experiences, which are vital for improving satisfaction.
When customers provide feedback, especially in the B2B space, the temptation is often to take their requests at face value and immediately begin development. After all, customer-centric businesses thrive on understanding and addressing their customers’ needs.
Voice of the Customer (VoC) is a type of market research which aims to better understand current and prospective customers. Essentially, the process of finding the voice of the customer can be done a number of ways, using many different methods. Conduct in-depth customer interviews. SaleMove; Twitter: @salemove.
CustomerGauge has been specifically built to cater to B2B and handle complex, multi-touchpoint journeys and various account sizes. Built from the ground up around the Accounts Experience methodology, CustomerGauge offers B2B brands guidance for customer surveying and revenue growth, among other things. What is CustomerGauge?
Whether you’re new to customer experience or seeking inspiration, this guide serves as your ultimate resource for exploring and delving deeper into this exciting field. B2BCustomer Experience B2BCustomer Experience is, simply put, the experience and interactions with your company of a B2Bcustomer.
B2BCustomer Experience Governance Lynn Hunsaker B2Bcustomer experience governance can generate stronger growth when it’s tied-in to the way that B2B ecosystems work. B2B firms often have dedicated sales teams who pursue strong relationships with customers. Silo Focus for B2B CXM Governance 2.
Voice of Customer Maturity: Ultimate Guide Lynn Hunsaker Voice of customer maturity is not about scores, real-time feedback, response rates, listening posts, benchmarks, or comparisons of B2B versus B2C trends. Voice of Customer Maturity Today 2. Clearly, it’s not yet enjoyably easy for customers to participate in VoC.
Struggling to make B2Bcustomers happier? – You must not only meet but exceed your customer’s expectations. It’s time to unleash the potential of your B2Bcustomer experience. Know your Customers Have you fallen into the trap of oversimplifying customer needs, focusing only on product quality and price?
The Main Challenges Well-designed, technology-adoptable solutions are crucial in both B2B and B2C contexts. Feedback and Adaptation: Continuous feedback loops and iterative design processes allow for the refinement of digital products based on real user interactions and feedback in parallel with VOC and data.
When logging into a SaaS vendor, B2B employees need to get right to the point. But with so many options for what is “deemed important” in customer success, a B2B voice-of-customer (VoC) dashboard has a unique set of requirements. Gone are the days when a Welcome page is purely cosmetic. Alert Follow-Up Rate.
Last week customer experience practitioners and executive-level VoC program sponsors from leading organizations convened in New York City for Confirmit’s Second Annual B2B Summit. This is one of our key events of the year and it’s getting bigger and better every time.
For example, most companies treat their top “strategic” customers (especially in B2B) very differently than smaller accounts. Therefore the experiences that “Tier 1” customers have is quite different than the rest, and so their needs, expectations, and results will be different. Which story are you telling…?
It is therefore smart to look at customer experience strategy and brand strategy together if you want to build a stronger position in people’s consciousness. It can open up new opportunities, additional sales and long-term customerrelationships. In This Article: What is Customer Experience?
This conclusion is reinforced by Temkin Groups’ annual Voice of the Customer (VoC) Maturity study. Year after year in this study, the vast majority of companies are still in the Collector and Analyzer stages of VoC maturity. Flowing CXM starts with VoC as the shaper of corporate strategy and culture.
A leader in customer experience, he has spent years in leading successful CX, Voice of the Customer (VoC), and marketing teams. Chad Horenfeldt – Director of Customer Success at Kustomer. Currently, he is serving as the Director of Customer Success at Kustomer and an Advisor at The Success League.
So nothing new here really, but still worth calling out for our B2B audience as I am frequently asked, “What should I do about feedback from multiple people in one account? The post An Oldie but Goodie: The Flaw of Averages (and the impact on B2B Businesses) appeared first on Waypoint Group. Do I just average it?”
For quite some time, the default assumption has been that an organization’s Customer Experience (CX) team should be the exclusive owners of initiatives to listen to the Voice of the Customer (VoC) and improve the Customer Experience. Let’s be honest: B2Bcustomerrelationships can be fragile.
Customers who become advocates stimulate enterprise growth and drive value. The Impact of Turning Customers Into Advocates. B2B buyers have a complex and formal buying process, involving multiple people across departments. If you don’t know what your customer is experiencing, you cannot properly help them.
In B2B terms, it is still possible to maintain your customerrelationship and even improve customer retention during uncertainty, but you will need to focus on five key steps: Understand Your Customer. You can increase your sensitivity to your customer needs by: Prioritizing Voice of the Customer (VoC) information.
Concrete customer input removed the guesswork from internal communications. Deeper insights helping marketing create excellent customer-company interactions . Reciprocity strengthens customerrelationships while increasing CSM team productivity by 50%+. Reciprocity, Inc.
I recently wrote about the importance of leading indicators to improve customer retention and expansion rates in B2B environments. Waiting for financial results is too late; it behooves every company to embed a simple and repeatable set of steps that strengthen customerrelationships over time. Here’s why and how.
” with a great discussion about how Sales and Customer Success need to work together for mutual benefit, and how Customer Success can learn/adopt some great practices from Sales to strengthen customer-relationships. The hand-off between Sales and Customer Success. ”) and persona.
Research has shown that 70% of B2B companies collect NPS®-like data but only 30% actually use customer feedback. By participating in our no-risk trial you can gain immediate insights, help your company grow, and stop being part of the 70% that actually erode customerrelationships by asking for feedback but do nothing with it.
We have just published a new whitepaper for folks driving Customer Success in B2B firms and seeking to proactively engage the right customer-contacts in the right way at the right time to obtain the right insights.
And TopBox , our SaaS platform for B2BCustomer Engagement, provides an efficient method to automate the end-to-end process. I’ve only scratched the surface of tips and tricks that strengthen customerrelationships. Get the book, Failure Sucks: More For Your Customers Than For You. No selling here: It’s free!
A good CS leader needs to know how well team members are strengthening customerrelationships. So what metrics are good indicators of strengthened customerrelationships? Consider using a B2B-centric customer feedback tool such as TopBox to be able to collect and visualize the health of the account in a scalable way.
While NPS provides a quick snapshot of customer sentiment, it often oversimplifies complex customerrelationships, leading to frustration among businesses seeking deeper insights. We’ll also highlight real-world cases where companies have moved away from NPS in both B2B and B2C contexts.
The 6 Key Mistakes Companies Make with their Customers. Customers keep the B2B world moving, and as companies grow and markets change, the response to them must also change. Techniques for customer success have been streamlined but not always in a positive way. Thinking of feedback only with regard to a survey.
Dennis Dube, VP Revenue Operations for Advance Local (LinkedIn here ) sat down recently with Steve Bernstein, CEO and creator of the B2B-centric customer engagement solution, TopBox , to talk about Dennis’s experiences with active listening as a means to strengthening customerrelationships.
Gartner predicts that over 75% of organizations will move away from using NPS as a primary metric for customer service and support by 2025. The simplicity of NPS fails to capture the complexities of customerrelationships and experiences, which are vital for improving satisfaction.
When I work with Customer Success teams to embed proactive processes to strengthen customerrelationships, concerns raised are typically centered on, “I don’t have time for that.” Following up on customer support requests. Helping customer contacts with training. Responding to email. Closing renewals.
Before a B2B company actually bases any decisions and actions on overall Recommend scores, there are so many other insights lurking in the background that are indicators of how strong customerrelationships really are and whether there should be concern over churn rates. 2) Do we know our customers like we thought?
Understanding Business-to-Business Purchase Decisions for Customer Experience Management Lynn Hunsaker. Does your business-to-business (B2B) customer survey portfolio monitor expectations of everyone who impacts buying decisions? Yet, today few B2B suppliers pay attention to these facts.
B2B vendor/providers and customer/accounts working together is much like a marriage. If you never care to find out what your spouse is thinking about the relationship (and why) then the marriage is probably doomed in the long run. Are there ways better than Active Listening to strengthen customerrelationships?
B2B vendor/providers and customer/accounts working together is much like a marriage. If you never care to find out what your spouse is thinking about the relationship (and why) then the marriage is probably doomed in the long run. Are there ways better than Active Listening to strengthen customerrelationships?
And/Or, is the vendor talking about business outcomes such as retention rate, engagement rate, and customerrelationships? Are they speaking about tactics like bounce or abandon rate, number of responses, or acquiring Net Promoter Score? What processes do you need in place to make the technology produce those results?
What is Voice of the Customer (VoC)? Voice of the Customer refers to the way an organization collects customer feedback, analyzes the data, distributes it to the right people and takes action on these insights in order to generate financial benefits. How Do You Build a Voice of the Customer Program? Learn More.
We’re implementing a Voice of the Customer (VOC) program on a customer platform in a large business-to-business (B2B) organization. So how would we go about increasing the response rates on surveys sent through email to busy customers? In other words, you need to encourage customers to respond.
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