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How Should Startups Escape From Product Death Cycle?

Unlike the software development life cycle, the product death cycle is an important constraint that shouldn’t be overlooked by startups. 

Many startups avoid it and fail to grasp good market opportunities along with untapped profits they could make.

Frequent analysis of product cycles is essential for startups to sustain good value in the market with loyal customers so they can serve better and better every day. 

But what if you encounter a product death cycle in between? How can startups avoid the product death cycle? Let’s find out in this article. 

Understanding Product Death Cycle 

But first, what is the product death cycle all about? 

In the age of competitiveness, startups often encounter a crucial phase known as the “Product Death Cycle.” 

This cycle refers to a stage where a product continuously loses its market relevance and faces the risk of losing potential buyers along with trust and values. 

Significantly for startups this stage is crucial and cannot be avoided as a risk of business failure. Hence, understanding and effectively navigating this cycle is vital for their survival and success.

Causes For Product Death Cycle 

Certain causes can cause your product to experience a death cycle and those are discussed below. 

Lack of Market Research

Poor market research is one of the significant causes of the product death cycle.

Startups sometimes fail to understand the evolving needs and preferences of their target audience. Might leave them in the creation of products that may not align with market demands.

Aggressive Competition

Startups are well familiar with the ratio of competitiveness in the modern days. If not studied properly could impact them brutally. 

Constantly explore your competitors and similar selling brands’ strategies they incorporate in time. Many companies fail here and as a result, are replaced by competitors’ more innovative solutions. 

Inflexibility in Adaptation

The inability to bring change or too rigid policies can trap in the product death cycle. A good product always nurtures market demand and the constant preference of customers to serve better, every day. 

The inability to adapt to market shifts or technological advancements can lead to irrelevance.

Strategies To Escape Product Death Cycle

Indeed, a good strategy is needed to solve or escape the product death cycle. Here’s a comprehensive explanation of these strategies:

Agile Business Model

Using an agile business model is essential. 

It allows companies to be perfect, responsive, and flexible in adapting to changing market dynamics. 

It brings new development, regular feedback loops, and quick adjustments based on customer feedback. 

By following business models as planned startups can remain relevant in the ever-evolving market.

Customer-Centric Approach

Prioritizing the customer is fundamental. 

By deeply understanding their needs, preferences, and pain points. Startups can better serve them to match their expectations in time.

Regular interaction, feedback collection, and a focus on user experience contribute to a more successful product in the market. 

Innovation and Adaptation

Innovation is the essence of a savior. Therefore, if startups fail to imply innovation they might not be able to escape the product death cycle. 

Startups need to continually innovate and adapt to emerging trends, technologies, and market shifts. 

Also, this helps them stay forefront and step forward from their competitors. As much as possible, invest in research and development to innovate new features. 

Working on the aforementioned strategies would help your business escape from product death cycle. 

I have drawn an example assuming myself as a product manager of a reputed U.S. based firm. Let’s draw a strategy to tackle the product death cycle scenario. 

How Product Manager Escape The Product Death Trap?

Being a product manager is a responsible job and a situation like a product death trap makes you more liable to escape to ensure better continuity and demand for your product in the market. 

In order to tackle product death cycle, you must navigate challenges, and stay adaptable, and very important thing is that the product remains relevant and successful. 

Here are some key strategies to anticipate to trump over the product death cycle. 

Customer-Centric Approach

  • Stay connected with your customers. Regularly gather feedback through surveys, interviews, and analytics.
  • Understand their pain points and needs. Prioritize features and improvements based on customer value.

Agile Methodology

  • Use an agile approach to development. Break down projects into smaller, manageable tasks.
  • Adapt quickly to changes in market conditions, technology, or user requirements.

Continuous Improvement

  • Create a culture of continuous improvement. Encourage your team to learn from both successes and failures.
  • Periodically to identify areas for improvement in processes and products.

Market Research and Trend Analysis

  • Stay informed about industry trends, emerging technologies, and competitors.
  • Conduct regular market research to identify new opportunities and potential threats.

Data-Driven Decision Making

  • Take decisions considering data rather than assumptions. Use analytics tools to gather insights into user behavior and product performance.
  • Set up key performance indicators (KPIs) to measure the success of your product.

Cross-Functional Collaboration

  • Foster collaboration between different departments, including development, marketing, sales, and customer support.
  • Break down silos to ensure everyone is aligned with the product vision and goals.

Risk Management

  • Identify potential risks early on and develop mitigation strategies.
  • Regularly reassess risks and adjust strategies based on changing circumstances.

Product Lifecycle Management

  • Understand the various stages of the product lifecycle. If required re-plan for updates, and new features.
  • Allocate resources accordingly to each stage of the product’s life.

User Experience (UX) Design

  • Prioritize a seamless and intuitive user experience. A well-designed product can contribute significantly to its success.
  • Gather user feedback on the usability of the product and make improvements accordingly.

Communication Skills

  • Clearly communicate the product vision, goals, and progress to all stakeholders.
  • Be transparent about challenges and solicit input from team members to find effective solutions.

Flexibility and Adaptability

  • Be open to change and ready to pivot if market conditions or user needs shift.
  • Avoid becoming overly attached to a specific solution and be willing to explore alternatives.

By incorporating these strategies, a product manager can increase the chances of their product thriving in the dynamic and competitive business environment, avoiding the pitfalls that can lead to the product death trap.

Conclusion 

Product death cycle is an important factor to examine. To keep running the product life cycle flexible and smooth. It is important to rectify a product’s loophole before it threatens business failure. 

Consider the signs leading to the product death cycle and implement proactive strategies to escape this phase. 
Think of the best innovation labs in the world and rehearse the competitive landscape to avoid product death cycle.

Featured image by Israel Andrade on Unsplash

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Marketing to Gen Z: Strategies for Reaching the Next Generation of Consumer

Generation Z is a unique generation. They are identified as the first true digital generation to witness a digital world. The internet and social media rule their world, and instant communication is the norm. The ever-growing world of technology has increased the challenges for marketers. Generation Z includes those who were born from 1997 to 2012.

Over time, they have become the most influential consumer block. This article reviews the five best strategies to reach them effectively. It will cover the importance of having clear values and a vital mission. Furthermore, it will highlight the importance of being transparent and accountable. It is equally important to know about the power of a distinct brand personality and the importance of being entertaining and building a community. All these can create lasting connections with Gen Z consumers. It’s about handling future marketing matters related to Generation Z.

Establish Clear Values & Mission

Gen Z cares about what a brand stands for. Their support goes to brands reflecting their values. A clear mission tells them what a brand is about. It’s not just about selling. It’s about making a statement. They back brands that stand on issues like LGBTQ+ rights, diversity, and social responsibility. These are more than just nice-to-have. They are must-haves for Gen Z loyalty.

This generation looks for more than products. They seek out brands that fight for change. For them, buying is voting. Each purchase is a vote for the world they want to see. Brands that should pay attention to this will stay caught up. Those that get it, like Parade, thrive. Parade isn’t just selling underwear. They’re promoting body positivity, inclusivity, and rights for all. It makes them more than a brand to Gen Z. They’re a movement. This alignment of values and actions wins Gen Z’s hearts and wallets. It’s a powerful connection. A bond not easily broken. That’s why values and mission are everything in marketing to Gen Z.

Be Transparent & Accountable

Gen Z values honesty. They’ll dig deep into a brand’s history, values, and even slip-ups. They respect a brand that owns its mistakes and speaks openly. Trust is big for them, sometimes even more than price. They stick with brands they believe in. Cocokind, a skincare company, showed how it’s done. They promised to share their team’s diversity stats. This was to let their customers check if they walked their talk. It was a bold move that showed they weren’t just about words but also actions.

Gen Z noticed and respected that. They want to see real, ethical action behind the scenes, not just in the ads. This clear, open way wins over Gen Z. They don’t just buy a product. They buy what the brand stands for. When a brand is upfront, it stands strong with Gen Z.

Establish Your Brand’s Personality

To grab Gen Z’s attention, brands must stand out. A strong personality is key. This means being bold and daring. Gen Z wants brands that speak their language and share their vibe. The old ways do not support it.  It is no longer a matter of polished, perfect looks that drew millennials. For Gen Z, being real, raw, and relatable is better. 

Take Starface for example, they sell pimple patches, but their fun, bright yellow star-shaped branding shines. When considering how to appeal to this generation, exploring branding statistics can offer valuable insights into effective strategies.

It’s not just a product; it’s a statement. Their vibe is playful and unapologetic. This fresh approach draws in Gen Z, who see their quirks reflected in the brand. Then, there’s the Crocs and KFC collaboration. It’s so out there it’s genius. These brands mixed comfort with fast food in a shoe.

Also, when it comes to reaching out to potential customers, adopting a similarly genuine and personalized approach, like crafting a well-thought-out cold email, can make a lasting impression.

Sounds crazy, right? But it worked. It caught the eye. Gen Z loves that—it’s weird and different and breaks the mold. That’s the shift. It’s not about looking perfect. It’s about being unique and echoing what Gen Z values—authenticity, creativity, and fun. Brands that get this will win their hearts.

Be Entertaining

To seize the fleeting focus of Generation Z, content must radiate with energy and immediacy. This demographic moves with swift clicks and swift judgment across digital landscapes, only pausing for content that strikes a chord of genuine interest. To halt their rapid-fire tab-switching, marketers must craft engaging but also punchy and memorable videos. Consider the approach of viral challenges and concise tutorials, which are not just watched but experienced and shared.

Fenty Beauty exemplifies this brilliantly with their tutorials that are more than quick—they are a burst of vibrancy, a feast of motion and hue, arresting the Gen Z scroll and sparking a moment of active engagement.

Build a Community

Generation Z’s concept of community is intrinsic to their interaction with brands. They seek connections that resonate personally, not just transactions that end at the checkout. Brands, therefore, must evolve into communities, places where dialogue and personal stories are as integral as business goals and the products offered. This generation values the authenticity found in real stories and relatable faces over the distant allure of influencer endorsements.

It’s about creating a space that feels less like a marketplace and more like a meeting ground—a haven where voices are heard, and individual narratives intertwine with the brand’s ethos. This is where liking a brand evolves into living with it, in a space where Gen Z finds products and a sense of place and community.

Conclusion

To wrap up, marketing to Gen Z means being upfront about your brand’s values and mission. Be clear and own up to mistakes. Show off your brand’s true personality. It should be lively and genuine. Keep them entertained with content that pops up and makes them pause. Don’t forget to build a community. It’s about connection.

These five strategies are key to winning over Gen Z. They value honesty, boldness, fun, and a sense of belonging. Get these right, and you’ll not just reach Gen Z.

Featured Image by Thought Catalog on Unsplash

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5 Best Practices for Training Remote Employees

Few modern companies could operate without some element of remote working. Remote employees enable a company to get the best people, without the barriers of location or the cost of transport and office space. There are undoubted benefits to remote staffing. Managed well, remote employees can augment your business’s available skills and productivity. 

But how do you ensure that remote employees are well-trained enough to play their part in your company’s success?

Source: Pixabay

As with in-person tuition, training remote employees requires a good teacher, great materials, and reliable technology. But remote training has some unique considerations and best practices that are worth considering. 

We’re going to look at five best practices for training remote employees that a business must get right.

What are the advantages of remote training?

Because remote working is embedded in the way most businesses operate, firms have adapted processes and procedures to serve remote employees, even offering remote work stipends to help new hires optimize their home work environment. As well as ways to onboard remote staff, video meetings, and flexible hours, companies have changed the way training is conducted. 

These changes have been necessary, but remote training also has clear advantages for the business as a whole.

Available anywhere

Training delivered remotely doesn’t need a classroom. It’s available to any employee no matter where they are located. This is as much an advantage for remote workers as for in-house staff based in different locations.

Saves time

Recorded sessions, available when it suits the individual remote worker, meaning they can easily accommodate training into their day. Multiple staff members can also study the material at any time, removing the necessity of booking a room at a certain hour. Even for live sessions that do have a set time, employees can watch a recording, and send in any questions before or afterwards.

Personalized and flexible

With the online training software now available, running remote training sessions can be both personalized and flexible. Topics can be divided into digestible segments that remote workers can access when convenient. Employees can also receive sessions tailored to their particular roles and needs. 

Provides data 

A huge advantage of online training sessions is that data gathered from interactive activities and tests, can easily be logged. This data provides a clear picture of where employees are doing well or struggling, and where they might need extra training. Data also shows how well the learning materials are doing their job, and where improvements are needed.

Source

Free to use image sourced from Unsplash

What are the challenges of remote training?

It’s unrealistic to paint a picture of training remote employees as always seamless. There are practical challenges to not having everyone in a room together. A trainer can’t spot those who are falling behind so easily. 

Employees can’t work together on activities as comfortably in separate locations. Different time zones and shifts mean employees are often studying alone, without input from fellow learners, and having to compete with the distractions of their home environment.

Technical issues

The biggest challenge of training remote employees is getting the technical support right. Learners can unwittingly be on mute, content can’t be viewed properly on-screen, or audio isn’t clear. Sometimes recordings of sessions aren’t enabled or subtitles are missing or incorrect.

Content lacking

The quality of learning materials is an issue for both in-person training and remote sessions. But quality is particularly vital for online learning. Without the presence of a trainer and their ability to interpret and enliven the content for learners, the materials will have to work much harder. 

Information inaccessible

With remote employees, each learner will be accessing the training materials separately from their home; this can add an extra challenge. If learning content isn’t logically and centrally stored, where each learner can easily locate it, it can lead to training being missed or incomplete. It can also make the learning experience frustrating and demotivating, and can waste employees’ valuable time.

Hard to Monitor Learning

When learners are not in the same physical space as their trainer, it can be much harder to monitor exactly how they are progressing. Tests and activities can help, but that simple human ability to look at a person and see that they are confused or struggling is absent. It’s also much harder to gauge which learners are falling behind and which are leaping ahead.

A trainer simply can’t supervise the learners in the same way as with an in-person class, and this has to be carefully factored in when designing remote training sessions.

How do you train remote employees? 5 best practices

We’ve looked at the advantages and the challenges of training remote employees; now let’s focus on five ways you can ensure your remote staff get the training they, and your business need and deserve.

1. Plan and set clear goals

Whatever the nature of the content you want to share with your remote team, whether it’s hardcore technical training or softer skills such as time management for remote workers; planning and setting goals is a must. 

Even a social or introductory section of the course should have a purpose, i.e, to introduce the topic and help learners familiarize themselves with the course structure.

Every aspect of the training you design should have clear objectives which are measurable. Short tests or quick, fun activities can follow each segment to make sure objectives are being met.

Be realistic about what a learner can digest and accomplish in a particular time-frame. Make a schedule that will impart all of the content at a pace that a person can comfortably fit into their busy working day.

Free to use image sourced from Unsplash

2. Include orientation

Nobody likes starting a task without having some idea of how long it will take and what will be involved. Make sure your learners have a clear plan of the time commitment and style of the activities before they start. 

Establish where to get technical help, supply secure remote support, and let learners know how to ask a question or raise a concern. Show them some examples of the type of activities you are expecting them to do, how to complete them, and what to do if they have any difficulties.

Above all, try the whole course out for yourself, put yourself in a learner’s shoes. Make a note of anything you would like to know or need to have explained. Include all of this in an orientation package.

3. Make content engaging

Great content should be tailored to the learner’s needs and style of learning. The materials should be engaging and user-friendly, and specific to the job requirements. Info dumping, in other words giving employees pages of text to read is not advisable.

Interactive content helps learners take in information and apply what they have learned.

Variety of content keeps learners engaged. For example, videos, games, stories, and audio content, as well as short texts. Longer texts can be broken up or downloaded to read later.

Include a social element, even for employees who are not studying at the same time. A chat facility can be accessed at any time, and can give learners the chance to talk to each other and exchange questions and observations.

Source: Pexels

4. Ensure access

Making sure employees have access to technical support with a remote desktop connection manager is key. Check that each employee’s home tech setup is suitable and that sessions function on multiple devices in case one fails to work. 

Ensure all relevant links and passwords are sent to learners ahead of time. Give them ample opportunity to iron out any access hitches before training begins. Everything they will need in terms of content should be stored in a logical, intuitive manner, with clear instructions about how to access it sent in advance.

Consider creating a cheat sheet with all the most important elements learners will need to access the virtual classroom. Include passwords and the locations of the most relevant materials.

Above all, accommodate every learner, and find out about disabilities and special requirements well ahead of time. Send a questionnaire to assess your needs before designing your training sessions.

Additionally, make sure to pay special attention to the onboarding experience for new remote employees. A well-structured onboarding process is crucial to ensure they start their remote work journey on the right foot and feel integrated into the company culture.

To ensure a seamless implementation of these best practices, collaborate closely with your coworking space manager or shared office management, if applicable, to accommodate the unique needs of remote employees in these environments.

5. Track results and collect feedback

Another advantage of the virtual classroom is that it provides data. This is valuable not only in tracking your learners’ progress but also in improving future training. Post-training surveys provide insights into where learners got the most out of the training and where they needed better content. 

If data shows learners all struggled in one particular area, this guides you to run more training for all employees on that topic. However, if only a few had challenges, it’s an opportunity to reach out to those individuals, providing additional help.

Ask what learners enjoyed the most about the training, and find out if there were any other areas not covered in the sessions that they would like help with. This information can steer you to design more useful and fulfilling future training.

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Effectively train your remote employees 

There are undoubted challenges in training a remote workforce. It can be hard to create the buzz and connectedness of having everyone together in a physical space. But as we have seen there are also many advantages.

Your remote employees are as integral to your business as those you see at the coffee machine every day or share an office with. Remote training, effectively designed, planned, and executed, can help the business and its employees wherever they are based, have the skills and know-how to work towards a common goal.

Featured image by LinkedIn Sales Solutions on Unsplash

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The Onboarding Revolution: Achieving Excellence in Performance Reviews

In today’s fast-paced business world, adapting to modern practices is essential for achieving excellence in performance reviews. The onboarding process and performance reviews are two critical components in nurturing a high-performing workforce. This comprehensive guide, “The Onboarding Revolution: Achieving Excellence in Performance Reviews,” delves into embracing modern onboarding trends, fostering feedback and communication in performance reviews, leveraging technology for both onboarding and reviews and building a culture of continuous improvement. By the end of this article, you’ll be well-equipped to revolutionize your organization’s approach to onboarding and performance reviews.

Embracing Modern Onboarding Trends

To excel in performance reviews, it’s imperative to embrace contemporary onboarding trends that adapt to our ever-evolving work landscape. Modern onboarding is characterized by the following key components:

Firstly, Personalization and Tailoring take center stage, where the onboarding process is customized to cater to individual employee needs, aligning with their role, skills, and preferences. The shift towards Virtual and Remote Onboarding becomes vital as remote work continues to rise. Embracing technologies like video conferencing, digital training materials, and virtual office tours ensures a seamless virtual onboarding experience. Inclusivity and Diversity are fundamental, emphasizing the importance of accommodating the diverse backgrounds and needs of new hires. Gamification and Interactive Learning make learning enjoyable and memorable, fostering engagement and participation in the onboarding journey. Additionally, Employee Well-being is at the forefront, acknowledging the significance of work-life balance and mental health support for new hires. Modern onboarding extends beyond the initial days and weeks, evolving into a Continuous Onboarding process that spans the first few months to facilitate a seamless transition and long-term success. These trends collectively form the cornerstone of contemporary onboarding, essential for achieving excellence in performance reviews.

Feedback and Communication in Performance Reviews

Effective feedback and communication are pivotal in the success of performance reviews. To make them central to your review process, consider these strategies:

Promote Frequent Check-Ins between managers and employees. These 1 on 1 meetings serve as a platform for continuous communication and feedback, enabling timely adjustments and ongoing dialogue. Fostering a culture of Open and Honest Dialogue is essential during performance reviews. Creating an environment where employees feel comfortable sharing their thoughts and concerns ensures that feedback is genuine and constructive.

When providing feedback, focus on its Constructive nature, emphasizing improvement. Specific, balanced, and future-oriented feedback guides employees toward growth. Incorporate Peer Feedback into the review process to gain a well-rounded view of an employee’s performance and promote a sense of teamwork. Including Self-Assessment as part of the review allows employees to reflect on their progress and achievements. Last but not least, remember to express Recognition and Appreciation for employees’ accomplishments. Positive feedback serves as a powerful motivator, reinforcing good performance and encouraging continued excellence. By integrating these elements into your performance review process, you’ll foster a culture of productive feedback and open communication, even when addressing areas that require improvement.

Leveraging Technology for Onboarding and Reviews

Harnessing the transformative potential of technology has the capacity to revolutionize not only modern onboarding practices but also the landscape of performance reviews. Elevating these essential processes involves the strategic integration of innovative technological tools. A paramount step is the adoption of Digital Onboarding Platforms as a foundational investment. These platforms empower new hires to seamlessly navigate paperwork and training online, offering a centralized repository for onboarding resources while meticulously tracking their progress. Simultaneously, the implementation of Performance Management Software is indispensable for simplifying the review process. This software efficiently schedules evaluations, gathers comprehensive feedback and closely monitors ongoing employee development.

Adapting to the prevailing trend of remote work necessitates the utilization of Video Conferencing tools. These tools facilitate virtual onboarding experiences and remote performance reviews, mitigating geographical constraints and ensuring the benefits of face-to-face interactions are preserved. Furthermore, the strategic integration of eLearning Solutions for training and skill development ensures that employees have convenient access to materials, promoting a self-paced learning environment.

For gaining valuable insights into employee performance and areas for improvement, the incorporation of Data Analytics tools is imperative. These tools provide a data-driven approach to monitor progress towards established goals. Lastly, online Feedback Surveys offer a dynamic avenue for collecting employee input on both onboarding experiences and performance reviews. Analyzing the feedback data gleaned from these surveys becomes instrumental in driving necessary enhancements. By wholeheartedly embracing these advanced technological solutions, organizations can optimize efficiency, foster engagement, and ensure resounding success in both onboarding and performance review endeavors.

Building a Culture of Continuous Improvement

Fostering a culture of continuous improvement in onboarding and performance reviews is essential for organizational excellence, with a key focus on enhancing employee engagement. Here’s how to make this journey a part of your company’s DNA:

Start by establishing Feedback Loops, enabling the continuous collection of insights from employees and managers. Use this feedback to make iterative improvements to both onboarding and performance review processes, ensuring they align with evolving needs and goals. Schedule Regular Reviews of your onboarding program to keep it current and effective. This may involve updating training materials, reevaluating orientation procedures, and enhancing the overall onboarding experience.

Benchmark your processes against industry best practices, identifying areas for improvement to stay competitive and on the cutting edge. Invest in Training and Development to equip both employees and managers with the skills needed to succeed and adapt to new trends effectively.

Lastly, don’t forget to Celebrate Success by acknowledging and celebrating achievements and improvements in onboarding and performance reviews. Recognizing progress motivates your team and reinforces a culture of excellence, making continuous improvement a shared and valued endeavor that contributes to enhanced employee engagement.

Conclusion

The evolution of onboarding and the pursuit of excellence in performance reviews are indispensable for any forward-thinking organization. Embracing contemporary onboarding trends, fostering robust feedback mechanisms, utilizing cutting-edge technology, and nurturing a culture of continuous improvement are all pivotal in propelling your organization to new heights of success. As you embark on this transformative journey, it is crucial to recognize that this is a continuous process, demanding an unwavering commitment to excellence. Welcome to the onboarding revolution, where performance reviews become the linchpin for achieving and sustaining excellence in your organizational landscape. This commitment ensures that your organization not only keeps pace with industry advancements but becomes a trailblazer in setting new standards for success.

Featured image by Duncan Meyer on Unsplash

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How to Understand Customer Needs Using Customer Success

We operate in a business space wrought with misalignment between business objectives and customer needs. It’s fascinating to see that while 69% of business leaders are pushing more budget towards personalization, 72% don’t actually consider customer needs in their personalization.

To that end, today I thought I’d give you a quick overview of some low-effort, high-return customer success tactics to better bridge the gap between you and your clients. 

Within business and SaaS particularly, meeting customer outcomes is consistently proven to be a key driver of growth. So let’s review how you can learn, understand, and adapt to service those goals.

1. Implement feedback forms throughout your product

Implementing context-aware product feedback forms represents one of the most efficient ways to get high-impact, low-effort feedback tied to specific product functionalities. By adding these short in-product surveys, you’re:

  • Giving customers every opportunity to voice their feedback
  • Enabling an understanding of how customers feel about specific features and functionalities
  • Allowing single users to voice their unfiltered feedback without going through the account owner
  • Reassuring customers that you value their opinions
  • Reaffirming that by implementing high-value feedback and then going back to notify the original customers who provided said feedback.

Here’s an example of a feedback form from Jotform that you can use inside the product:

Source

2. Launch a voice of the customer initiative

If you want to go even further from in-product forms, you can build on those to design a full voice of the customer (VoC) program within your organization. A VoC initiative does wonders for company-wide customer success alignment, allowing you to efficiently boost retention and revenue with ease just by zeroing in on what actually matters for customers.

Here’s a breakdown of things to keep in mind for a VoC process:

One of the biggest advantages of a VoC initiative is that it keeps all relevant stakeholders in the loop and allows for increased velocity for deploying product updates. Just take a look at the simple steps of a typical voice of the customer program: 

  • gather the feedback
  • handpick the most insightful suggestions
  • forward those to stakeholders and those who can act on it
  • make related adjustments and changes
  • close the VoC loop by going back and informing the customer once you’ve reached a resolution or product update

Of course, the process will change based on your business specifics, but the core elements remain the same and can be applied at scale.

3. Proactively reach out based on account data

Proactivity is one of the great pillars of customer success. It holds customer relationships up by allowing CSMs to see potential issues before they happen.

Now, proactive engagement within SaaS can mean different things based on your engagement model and account specifics. The overall approach involves:

  • Setting up your customer success platform to monitor account activity and identify friction points.
  • Creating a trigger for your CS tool to notify you whenever those common friction points resurface for a specific customer.
  • Stepping in manually or through automation to check in with the customer and make sure they’re okay and not stuck mid-product flow.

The distinction between manual engagement and automated messages varies mostly based on the engagement model and CSM workload:

  • For high-touch SaaS, CSMs must step in manually and talk to the customer directly, preferably via their most common channel for communication.
  • For tech-touch and low-touch, automation flows can deliver solutions in a timely manner, but you should go one step further and ask customers if they’ve actually helped them or if they require the assistance of a real person.

4. Hold very high-touch onboarding and implementation meetings

For this point on our list, you need to be in that tech-touch-to-high-touch range for your engagement model. Otherwise, it may be a waste of your time and budget to attempt it for upwards of hundreds of accounts.

However, I believe high-touch onboarding to be essential when you’re in a type of business that services very demanding customers. Similarly, that’s also the case when you have a complex product or range of services. The more your customers have to work to get to their desired outcomes, the more you should be in touch with them during the onboarding stage.

Think of it like this:

  • There’s no better way to know a customer than to sit down and talk about their problems.
  • If you’re there with them as an ally in those initial stages, that relationship is only going to get better.
  • If you can ensure their product implementation works and serves their goals, they’ll easily turn into retained, ideally loyal customers.
  • The work to optimize onboarding into a positive experience will drive up your onboarding costs. However, it will also decrease your customer retention cost by a lot, so pay close attention to the balance and always remember retention is a constant effort and cost you need to support, while onboarding only happens one time per customer.

5. Use your customer success dashboards and analytics

Screenshot from Custify – CS dashboards section.

While customer success will get you far once it gets going, it won’t get nearly as far as it could without a proper customer success toolset. Here’s a list of the usual suspects for kickstarting your CS machine:

  •  A customer success platform with customizable dashboards and weighted health scores, allowing you to monitor customer activity in a goal-conscious way.
  • A comprehensive list of communications tools and channels at the ready: from email to Skype, Zoom, Slack, Discord, and anything in between. Make sure you do your research and are prepared with the appropriate channels.
  • Multiple ways for customers to request support: your SaaS users need to have ways to reach out at their disposal, from a live chat on the website and other support solutions set up and activated for their accounts.
  • A product tour solution for low-touch accounts: not every SaaS can afford lofty one-to-ones with customers during onboarding. For low-touch products and overextended teams, a product tour can mean the difference between your customers immediately churning and becoming loyal.
  • Account tools that prevent involuntary churn: a good portion of customers that leave do so passively due to expired payment options or because they simply forgot to renew. To actively prevent this, try using an account updater tool as well as dunning emails.

6. Encourage customer reviews and read what customers are saying

Last but definitely not least, you should encourage your customers to leave reviews on platforms such as G2, Capterra, and other similar ones. That way, you’re not just attracting new clients by putting the spotlight on you and growing your online presence; you can also use that feedback (which, by and large, tends to be brutally honest) to better understand customer needs and get to work improving your product.

Even if you don’t encourage customers to leave reviews, they might do so anyway. So check common review places and even the uncommon ones. Many SaaS make the mistake of ignoring reviews that don’t come through the usual channels – such as Google Maps reviews.

Summing Up

Putting customer needs ahead of your own in SaaS is not easy. Because of our bottom line and the KPIs assigned to us, it’s easy to start with what we want and try to get the customers to help us deliver. But it’s not a good way of doing business. Instead, we should actively help customers achieve their outcomes and, by extension, complete our own goals. Successful customers will always bring in more ROI than those left to their own devices – a simple 5% increase in retention rate has been shown to drive up profits anywhere between 25% and 95% (State of Customer Messaging in 2023). So, how are you making sure your customers’ needs are heard?

Featured image by Judy Beth Morris on Unsplash

The post How to Understand Customer Needs Using Customer Success appeared first on noupe.


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