the "next" plan for customer success

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Presented at the Hult International Business School on March 3, 2014, Scott Sambucci describes his "NEXT" plan for customer success. Too frequently as sales professionals, we focus on the end of the sales process: "winning the contract" - "closing the deal" - "finishing the sale." Consumer psychology shows that buyers of our products and services frequently experience negative feelings and emotions around the purchase. By implementing the NEXT, we focus our new customers with positive reinforcement and confidence that they've made the right decision for their companies and themselves. NEXT focuses on enacting specific steps and actions at key moments following the conclusion of the sales process: The first minute... The first hour... The first day... The first week... The first month... The first quarter... The first year... Even better, introducing NEXT to customers during the sales process shows how your company will support and secure successful implementation of your product or service. [This work is copyrighted by SalesQualia and Scott Sambucci. Any reuse or reproduction requires permission.]

TRANSCRIPT

Introducing the “Next” Plan

Scott Sambucci

Hult International Business School | 3.3.14

“Just because you're paranoid doesn't mean they aren't after you.”

― Joseph Heller, Catch-22

The Enterprise Sales Process

Selling to the Enterprise

A better way…

46 pages of blah, blah, blah…

Source: http://catalogue.pearsoned.co.uk/samplechapter/078972670X.pdf |http://docs.oracle.com/cd/B34956_01/current/html/docset.html

The 7x1 Framework

...the first minute

...the first hour

...the first day

...the first week

...the first month

...the first quarter

...the first year

Think like a buyer

Buyer’s Remorse

Emotional

WisdomConcern

7 x 1: Preventing Buyer’s Remorse

...the first minute

...the first hour

...the first day

...the first week

...the first month

...the first quarter

...the first year

Choice supportive bias

"Humans are not a rational animal, but a rationalizing

one.”

- Leon Festinger

“I’m still getting 2-3x ROI. It’s not the 10x we expected, but it’s still pretty good…”

“We had to switch suppliers anyway…”

Customer Expectations

7x1: Preventing Post-Choice Bias

...the first minute

...the first hour

...the first day

...the first week

...the first month

...the first quarter

...the first year

Source: Conference Executive Board, "Blinded by Delight Why Service Fails and How to Fix It"http://www.executiveboard.com/exbd-resources/pdf/executive-guidance/eg2014-q1-final.pdf

So what?

@ $10k bookings, +$2k/month over 5 years

2.5% churn $64k per month

5% churn $90k per month

Source: http://www.forentrepreneurs.com/why-churn-is-critical-in-saas

Source: Conference Executive Board, "Blinded by Delight Why Service Fails and How to Fix It"http://www.executiveboard.com/exbd-resources/pdf/executive-guidance/eg2014-q1-final.pdf

Source: http://www.zendesk.com/resources/customer-service-and-lifetime-customer-value

66% of B2B customers stopped buying after a bad customer service

interaction

The 7x1 Framework

...the first minute

...the first hour

...the first day

...the first week

...the first month

...the first quarter

...the first year

Buy these books

I’m here to help.

Call, email, tweet, whatever. If you think I can help you, just let me know.

Scott Sambucci

(415) 596 0804 | scottsambucci@gmail.com

@scottsambucci

LinkedIn | Quora | Blog

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