Thursday, 7 September 2017

Why Empathy Is Necessary for a Customer-Centric Strategy

Sarah is a successful marketing manager, someone who snaps alert with the alarm, happy to see the day dawn, eager to put into action that new content strategy for convincing an unsuspecting group of buyers to make the leap with your company’s product.

James is a savvy sales person, someone who is supernaturally comfortable picking up the phone and calling a random contact in the database, someone who glances at everyone in the line at Starbucks, and if your glance is rewarded with returned eye contact, even for a second, he'll strike up a chat.

Roland is an outstanding customer success manager, someone who relishes those moments when your customers achieve the milestones set on the plan that you created for them. He would rather work in the background, though, removing obstacles for customers than facing them directly, selling ideas.

What if all three employees had to do each other's jobs? How long can one fool themselves into working at something that doesn't come to them naturally? Not long, I suspect.

What If the Marketer Does Sales?

No need to call anyone. I’ll just connect all the seemingly random dots of their online behavior and send them some collateral they had no idea they needed. They’ll be wowed and buy the entire bundle. I’ll be a rock star!!

What if the Salesperson Makes an Effort in Marketing?

How wild would it be if James, a talented employee in Sales sent out an email to everyone in the database and invited them to a wine and beer tasting event. With a background largely in Sales and not Marketing, he assumed that he could just pitch solutions and the target audience would clamor to know how they can buy the stuff. How hard could it be?

What if the Customer Success Rep Tries Their Hand at Sales?

If given a Sales position, Roland would first need to first see what prospective customers bought from everyone else, why they aren’t happy, what they hope to achieve. He'd need to match their needs with what we have and help educate them on why they should consider giving us a chance. If that doesn’t work, surely being friendly with them and perhaps offering some pro bono work to demonstrate the strength of the product would! 

Doesn’t sound like a very productive use of skill sets, resources, experience, or training; does it? It's not scalable for one thing. Until artificial intelligence takes over completely, companies are going to need skilled specialists to fill each of these roles, and these roles are suited for certain personalities for a reason. But it might be worth it for a company to have people play the roles of members of other teams for a day if only to give the opportunity for the individuals to gain some empathy and understanding of the other roles. All of the roles mentioned (and others, too, like product management and support) are critical to a company’s ability to deliver on the promise of customer-centricity, putting the customer at the heart of everything it does. Without those roles, gaps would exist in the delivery of a customer-centric mission.

Without Sales, there would not be an ongoing focus to develop a base of committed customers, resulting in ongoing financial momentum for the company. Without Marketing, there would not be scaled outreach, no nurturing and building of interest, no steady systematic improvement in understanding of what constitutes the company’s ideal customers. Without Customer Success, there would be lower odds of product adoption and customer advocacy, and a lack of knowledge behind customer retention.

Break Down Barriers

These roles can no longer work in isolation. Organizational barriers are preventing true customer-centricity. The barriers need to come down and for that to happen, the roles need to appreciate each other to a deeper extent.

Empathy can be learned, as discussed in this article from the BBC, but let’s face it, it’s not a tremendous stretch for the roles mentioned to drop their natural guards for a day and get to know the roles of others.

A customer-centric strategy is a whole company strategy. There are a lot of tactics available for companies interested in achieving it, including improvements to executive communications, dismantling organizational silos, process redesign, data collection and integrations, skills development, technology adoption, and more. A low tech way to start breaking down organizational silos is to have people understand the roles that other people play. Empathy for others — it’s a soft word that can yield some hard results.

Sales, Marketing, and Customer Success are not the only areas that will benefit when they are used together. When Account-Based Marketing and Marketing Automation work hand-in-hand, the end result is relevant, persona-based, educational content about your prospects. Download the Marketing Automation Fundamentals guide to learn how to do this.

ABM and Marketing Automation

Image Source: Pixabay



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Simple Tips for a Productive Short Week

How was your long weekend? Or, if you don’t live in the States, how was it watching all your U.S. pals enjoy the long weekend? This was Labor Day week in the U.S., which means about half of my compatriots are running around this morning thinking it’s Wednesday, the other half think it’s Friday already,
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Wednesday, 6 September 2017

Oracle Named a Leader in Gartner Magic Quadrant for CRM Lead Management 2017

One of the most strategic technology investments made by marketing and sales teams today is a marketing automation platform that is sophisticated enough for their unique needs, but flexible enough to easily integrate with their customer relationship management (CRM) system. Marketing and Sales teams strive daily for tighter alignment, better lead quality, and customer experiences that engage their customers down a complete journey that ends in a sale. In Gartner’s 2017 Magic Quadrant for CRM Lead Management report, they evaluated 15 providers on CRM lead management criteria and have positioned Oracle in the Leaders quadrant.

Why use CRM Lead Management technologies?

Gartner states, “The fundamental goal of lead management applications is to deliver higher-value qualified opportunities to the sales team at exactly the right time.” Gartner goes on to explain, “Companies use lead management applications primarily to support the sale of "considered purchases" — any product or service that represents a significant investment for the customer and typically involves complexity that requires in-depth research. These sales are made primarily by companies selling in a business-to-business (B2B) or business-to-business-to-consumer (B2B2C) capacity, but we're seeing increased usage of lead management applications in business-to-consumer (B2C) environments where individual products or services require careful customer consideration (for example, automobiles, insurance policies, investment accounts).”

Why Oracle?

The biggest barriers to implementing adaptive, personalized programs that engage customers throughout the whole customer life-cycle usually lie in the limitations of the technology or platforms being used. With the right depth and breadth of features and integration, marketing and sales teams can collaborate to touch every part of the customer experience, driving better leads and ROI. 

We believe Oracle Eloqua is continually evolving to solve even the most complex lead management and campaign challenges, at scale. Eloqua’s deep functionality and native integrations allow marketers to execute across channels, monitor behavior and intent, and score leads. Extensive 3rd party integrations with leading CRMs and workflow triggers continue to help sales and marketing stay in synch and succeed in their lead conversion goals from first touch, to close of sale, to customer advocacy.

We are very excited and proud of Oracle’s recognition as a Leader for CRM Lead Management. We feel that Oracle’s continued performance as a Leader in this report shows our strong commitment to leading the marketing industry with innovation, and a continual drive to execute on our vision in the fast-paced, ever-changing world of marketing technologies. 

But don’t just take our word for it, read Gartner’s Magic Quadrant for CRM Lead Management report. You can also contact us to learn more about how Oracle Eloqua can help you reach your lead management goals.

 

 

 

 

 

Note: This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Oracle.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 



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Scaling Engagement: 5 Strategies to Connect With More Customers

There’s 24 hours in a day.

With customer engagement as your priority, it can seem like an impossible feat to connect with your audience on a daily basis. Tara Walpert Levy, managing director at Google, writes:

“In the accelerating swirl of chaos, excitement, and yes, sometimes fear, the brands that win will prioritize engagement over exposure. They will flip the traditional approach of using mass reach to connect with the subset of people who matter on its head.”

To scale engagement, your business must focus on executing strategies that boost customer satisfaction while saving your team time.

Let’s think differently about expanding engagement to build quality customer relationships. Here are five ways you can scale up your efforts.

1. Deliver on Brand Promise

We live in a very competitive market. Businesses, large and small, are all competing to garner the attention of their ideal consumer base.

In order to differentiate themselves, companies will develop wild brand promises. They vary from guaranteeing low prices to taglines saying that the customer is always right.

While that may attract new customers, it can become a burden in the long-term. Most companies learn the hard way that a brand promise isn’t a catchy phrase, rather an action a business must live by every single day.

Even big box retailer Walmart had to shelve its nearly two-decade-old slogan, “Always Low Prices.” Now, it’s goal is to help their customers “Save Money. Live Better.”

If you’re attempting to scale your engagement, delivering on your brand promise is one of the best options. Happy customers will become recurring patrons who tell their family and friends.

But delivering on your promise isn’t easy. It involves meeting (and exceeding) your customers’ expectations. You must provide product value along with superb customer support.

For example, you may have to offer free shipping to an irate customer. Or you may need to budget for a customer appreciation sale.

Building a genuine connection with your customers helps your business. Sticking to your promises is worthwhile for boosting engagement.

2. Take Action on Customer Feedback

All human relationships are pretty much built on the same foundation. It centers around how we communicate with each other.

Communication is a major factor in whether a customer continues to shop with your brand. If their needs aren’t met after constant interactions, they may decide your company isn’t worth their time.

To improve how you interact with customers, start by listening to their concerns and answering their questions. For your sales team, this may look like a representative paying attention to the customer’s needs before pitching a product. Your support team may give more specific responses instead of canned answers.

Then, there’s customer feedback. When a customer offers ideas on how to polish your product, be open to their suggestions and willing to take action.

“The direct relationship between customers and support teams holds a rich source of feedback through which customers can be better served. Support teams and representatives can be trained to probe for information while responding to complaints and inquiries,” says Pius Boachie, a marketing consultant and founder of Digitimatic.

Productivity tool Trello created a Slack community with a channel dedicated to product feedback. It’s a chance for customers to offer their input and get notices about new features.

Implementing feedback is an opportunity to grow your business, while showing customers that you actually listen to their ideas. So do whatever it takes to address customer feedback.

3. Personalize Communications

Several decades ago, businesses controlled communications with their customers. Major companies decided what, when, where, and how to deliver consumer messages. It was a lopsided relationship where businesses had the upper hand.

Now, with advances in technology, the customer is at the center of the conversation. Not only do consumers choose when to connect with brands, but they also control where those interactions take place. For instance, consumers can opt-in to receive your emails and then decide to read it on their own schedules.

For businesses, this means generic messaging isn’t enough to make a connection with a consumer. Your online ad or email will get ignored, and there’s a possibility that you will lose another potential customer.

Email segmentation is an effective strategy to help your team send personalized messages. With Kissmetrics Campaigns, you can deliver emails based on certain subscriber criteria.

Let’s say a subscriber doesn’t purchase after 10 days. You can automatically send a special offer to entice them to come back and purchase.

You also may want to send customers specific information as it relates to your product. Mint emails subscribers personalized data from their accounts.

Don’t miss the chance to strengthen the consumer relationship with personalized communications. It’s a necessity to scale your engagement.

4. Give on Social Media

Every business is flocking to social media to tell their stories. Some are buying scammy ads to increase leads and purchasing followers to fake influence.

Here’s the truth: it’s not working. And even if they get a few interested consumers, they probably don’t close the sale because the buyer learns about their deception.

Most businesses approach social media with the goal to broadcast their products and news. However, we know it doesn’t work that way.

Social media is an open forum for people to share ideas and talk about the latest trends in a casual setting. That’s why it’s fertile ground for boosting your engagement levels.

To connect with more customers, educate and entertain them. You want to post lighthearted messages that humanize your brand.

For example, you can host live broadcasts on Facebook or Periscope featuring your customers. Or you could post silly GIFs during special days, like National Pancake Day.

You want to be part of your audience’s community. So, you also must be willing to give and not just take.

In the example below, HubSpot is giving its Facebook fans a chance to win two tickets to a concert. The company earned more than 160 shares, 500 reactions, and 62,000 views on this post.

Are you just broadcasting your message on social media? If so, try giving back to your followers to gain more engagement.

5. Develop an Advocacy Program

You’ll learn quickly that your best customers hold the key to spreading the word about your business. These customers act as advocates on a mission to give your brand praise.

So why not make it official? You can start a pilot advocacy program by recruiting your most loyal customers. It gives the selected few another reason to connect with your team.

Also, research shows that it’s a win-win situation. A report by Standard Charters states:

“Successful online companies make users feel excited enough to share the products with their networks. Referrals from friends are still the most powerful way to gain customers, whether for a tiny startup or a multinational corporation.”

Brand advocacy programs are also incubators to experiment with retention strategies. You can monitor customer behavior to learn what keeps them excited about your brand.

For instance, you may offer your program participants a special coupon to redeem a new product. Their reaction can provide insight on how a subset of your customer base will respond.

Do your research and learn how to start your own advocacy program. It’s your next step to increasing customer engagement.

It’s Time to Scale Up

Engagement without a strategy is misguided action. Instead, your goal is to create a memorable customer experience.

Exceed your audience’s expectations and use their feedback to improve your product. Send personalized messages that speak directly to your customers. Plus, there’s nothing better than starting an advocacy program that expands your relationships.

Connect with your customers. Scale your engagement today.

About the Author: Shayla Price lives at the intersection of digital marketing, technology and social responsibility. Connect with her on Twitter @shaylaprice.



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Behold the Business Value of Omni-Channel Orchestration

If you think ours is not an omni-channel world, think again. The fact is we humans are using more and more channels to engage with everyone, including brands and marketers every single day.

Just consider these stats:

  • 15 years ago the average consumer typically used two touch-points when buying an item and only 7% regularly used more than four. Today consumers use an average of almost six touch-points with nearly 50% regularly using more than four. 
  • 98% of Americans switch between devices in the same day. 
  • 90% of customers expect consistent interactions across channels. 

The Good News, Bad News and Best In Class

The good news nearly 7 in 10 marketers deliver omni-channel conversations. The bad news is only 3 in 10 of these same marketers say they are either somewhat satisfied or fully satisfied with their ability to use data in marketing programs.

These findings come courtesy of Aberdeen Group, who in partnership with Relationship One and Oracle Marketing Cloud released an eBook which reveals the business value marketers derive by mastering orchestration of omni-channel marketing campaigns.

As for Best In Class, it should come as no surprise that the best marketers are nearly 40% more likely than others
to have established an infrastructure to deliver omni-channel customer conversations.

In other words, these 40% get it; they understand that consumers are using many channels to engage and interact and they know they better be prepared to deliver on the promise AND the expectation of a seamless, omni-channel experience.

Findings from Aberdeen’s CX study revealed that a leading group of organizations excel in managing customer experiences across digital channels such as email, web, mobile applications, and social media. Those are defined as ‘Best-in-Class’ businesses

Here’s how these 40% look in comparison to other brands AKA their competition.

Look at the disparities between best in class and all others. And pay very close attention to the chasm that exists when it comes to year-over-year change in annual company revenue.

While that looks like it’s only 39 percentage points different (6% to 45%) it is in fact a 650% difference between those marketers who excel in meeting customer expectations and all others.

You can choose to ignore that stat at your own peril.

Three Steps to Success in Omni-Channel Orchestration

The eBook identifies the three steps to success in omni-channel orchestration including the inherent and undeniable need to standardize customer data, which the aforementioned best in class marketers do before anything else.

Do yourself a favor and download Digital Experience Management Through Marketing: Orchestrating Omni-Channel Conversations because you didn’t realize it, omni-channel is now omni-present. 

Image source: Pexels



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Last Day: Get Digital Commerce Academy at the Current Price

Today is the final day to register for Digital Commerce Academy before the doors close at 5:00 p.m. Pacific Time and the price goes up. Here’s a quick reminder of everything you will have immediate access to: The four existing courses — including Brian Clark’s breakthrough course, Build Your Online Training Business the Smarter Way,
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2017 Content Excellence Challenge: The September Prompts

We’re moving toward the end of the year — and it can be easy to start going into “hunker down” mode instead of “growth” mode. But we still have four more months of 2017 left — and it’s definitely not too late to do something epic this year! This month’s prompts are designed to keep
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