Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Customer Advocacy:Strand Conference, London '14

No description
by

David Woodhead

on 17 April 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Customer Advocacy:Strand Conference, London '14

To gain advocates focus on Intimacy
Think Outside-In
Focus on
content-driven social
Traditional Means of Assessing Advocacy
Voice of Customer
C-Sat Surveys
Customer Service Questionaires
Loyalty vs Advocacy
Loyalty= Repeat Business
Advocacy = More Customers
Loyalty = Passive
Advocacy = Proactive
The Brief
"Why CRM is yesterdays news and how customer advocacy and social media work in the B2B world."
Customer
Advocacy

The currency of both is called TRT
T
rust
R
elevance
T
ransparency
Match buyer personas with marketing materials and calculate the ROC
Create a mix of content and social media
David Woodhead
CRM Practice Partner, CSC
m. 07730 840 519
e. david.woodhead@csc.com
t. @dwoodhead

"What can B2B businesses learn from B2C?"

"How do you design your customer engagement processes to focus on advocacy?"
About me...
Lead CRM & Digital Transformation Practice for CSC UK
20 years in CRM technology / consulting

Carpe diem
Nil carborundum
Currere in adversis
About CSC...
Formed 1954
c. 90k employees
c. US$15Bn revenue
ITO, BPO, GSI
TLA's
NASA
Trust
Relevance
Transparency
15% of consumers use print, newspapers and magazines as their first go-to source*
71% use the internet, social media, friends and family as their first go-to source*
43% of consumers trust “people like them”*
70% of consumers trust independent experts*
74% of consumer purchasing decisions are affected by key influencers on social networking sites**
In the digital world there is no such thing as a relationship
Consumers are paving their own path to purchase
Brands are struggling to keep up
This is where traditional marketing can
destroy
value
Start with 1M customers
1% response (10k)
Cost is $1 per solicitation, or $1 million total
Each response generates $125 in LTV profit, or $1.25 million total
So each individual campaign is successful, with a $250,000 profit
Outcome...
Then with each campaign customer equity decreases by more than the “profit” harvested!
But...
Suppose non-responders become just 0.5% less likely to respond with each solicitation

If message is not relevant customer may never open anything from us again. So there’s value in making sure message is useful, relevant, produces “Gosh, I didn’t know that!” reaction.
ROC helps us uncover this.
35%
...more likely to be an advocate
Fix problems fast!
What's important?
CSC, Customer Intimacy Barometer, 2013
What do different customers do differently with your product?
Can you save your customer time or effort by remembering some detail or specification?
What more does your customer have to do to get full use from your product/service?
Are there particular types of customers with complex problems or management issues?
What ancillary services do your customers need in conjunction with your product?
Turn your thinking upside down
B2B contacts are social too!
How do you map all this together?
Map your pathway to advocacy through experiences & data...
In conclusion
TRT is the currency that gets you to the table
Remember that business customers are social and emotional too
Your customers probably trust each other more than they trust you
Design customer engagements with advocacy in mind - think outside-in
Connected customers behave differently
Multi-channel
Non-linear
Few to none critical inflexion points
Leave a significant (but distributed) digital footprint
Lasting customer advocacy can never be achieved without first creating employee advocacy.
But...
Sounds challenging! What do I do?
Todays Reality
e.g. Automotive customer journey
CSC Leading Edge Forum: http://lef.csc.com/assets/3822
Full transcript