Users don’t convert if they don’t get value right away and customers churn if they don’t see enough value overtime. Your revenue depends inevitably on the success of your customers. Your customer success strategy makes sure it happens.
SaaS #101: What is Customer Success
Customer Success is when your customers achieve their Desired Outcome through their interactions with your company. In other words, Customer Success Management is where you take the goal of Customer Success, understand the steps required to get there, and ensure it happens.
(Source: Sixteen Ventures)
It depends of your business model and what your product does, but your customer lifecycle stages usually looks like this: onboarding, trial, adoption, renewal.
There are success milestones.
Every organization, team, product or market is different. That’s the reason why there shouldn’t be a “one size fits all” frame of conditions and events defining success for your customer.
Here are few very simple examples:
Imagine the best way to engage with your customers to drive them to success at each stage of the customer lifecycle.
It could look like this, for instance:
Your Sales Reps need a CRM to keep track of leads, deals and analyze how they perform. Your CSMs needs a CS platform like Successeve to keep track of customer health and analyze how they perform too! Here’s the 4 things you need to build a kick-ass customer success strategy that will grow your revenue:
As a B2B SaaS company, your clients are accounts represented by a contract value (MRR). So your CSMs should be able to visualize usage frequency and score health at account level, not only at contact level.
A customer success platform allows your team to identify who needs attention at each stage of the customer lifecycle – and why they need it, based on customer actions and status. So it’s super easy to focus your effort on the right customers.
A CSM can manage up to 50 accounts. That’s a lot! So they don’t have time to check every accounts manually everyday. They need a system that monitors accounts health in realtime and alert them when they need attention: need help to set up, usage frequency dropped, bad NPS survey, quota reached, card will expire soon, etc…
Now that your CSMs are alerted when customers need attention, they need to know how to act. A customer success platform allows you to generate workflows (playbooks, tasks and emails) automatically based on customer health and actions. So your customer success team always knows what to do at the right time.
As a result, your customers are always proactively engaged!
Like every other teams in your organization, your CSMs need to evaluate their work and their progress overtime. Managers should be able to track performance of each CSM to help them reach their goals.
Your customer success strategy should always be challenged and improved. Don’t be scared to try new things!