Part 2 for Retention Tips using Customer Experience (CX). Part of the presentation given in London. How to avoid or reduce churn. Helps counter revenue leakage.
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Retention Tips using CX by Ali Din
1. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
PART 1: GROWTH HACKS
PART 2: USING CUSTOMER EXPERIENCE
(CX) FOR RETENTION
Email: notes@adonusgroup.com with subject notes
Watch: https://youtu.be/1upzMPRj6o8 accompanying video
2. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
BONUS: TECH-PRODUCT MARKETING
3. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
TECHNOLOGY ADOPTION CYCLE
4. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
BOWLING PIN AND WHOLE PRODUCT
5. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
CX FOR CUSTOMER RETENTION
CUSTOMER EXPERIENCE
6. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
Is Retention Important?
7. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
Gaining customers isnt easy
It costs 5X more to acquire a new customer
8. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
THE CX DEPARTMENT
Cross-Functional
Authority
Seamless
Touchpoints
Follow up
9. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
THE CUSTOMER JOURNEY
10. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
Its not about us.
Look at everything from a customers viewpoint.
What do they expect? What do they get?
Are we creating a positive, memorable experience?
Its not about us.
Look at everything from a customers viewpoint.
What do they expect? What do they get?
Are we creating a positive, memorable experience?
11. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
REDUCE FRICTION
Self-
Service
Rapid
Response
Reduce
Channels
12. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
STAY ENGAGED
Sentiment
Pulse
Feed
back
NPS
13. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
WIN BACK PLAYS
Your monthly churn should
be below 10% to ensure
product / market fit.
14. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
THINKING CUSTOMER-CENTRIC
Customer
Experience
Customer
Success
Customer
Support
Customer
Solutions
15. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
THANK YOU
OH, ONE MORE THING
16. Contact Info: Ali Din | adin@adonusgroup.com | @CMOintoCX
READING LIST
https://cmoviews.wordpress.com/category/books/