design a winning customer adoption strategy
TRANSCRIPT
Design a Winning Customer Adoption Strategy
Today’s Host: Scott Schell@Schell_ShockedSenior Manager, Global Customer Success Cisco Systems, Inc.
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Customer Success Methodology#successtalk
People
Automation
Process Analytics
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Design a Winning Customer Adoption Strategy
Ashvin Vaidyanathan@ashvinvai
Director of Client Strategy Gainsight
Sam Parri
Customer Success Manager Cisco Systems, Inc.
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The Consumption Gap is based on the idea that technology companies can add features and complexity to their products at a much more rapid rate than their customers have the ability to consume them.
-J.B. WoodPresident and CEO, TSIAConsumption Economics: The New Rules of Tech
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Product usage chases functionality
Product Use Product Features
An effective adoption strategy works on closing the consumption
gap and increasing feature usage.
Source: Complexity Avalanche, J.B. Wood
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Year 1 Year 2 Year 3Champion Change Word-of-Mouth
What is a customer really worth?
Source: CLTV Isn’t The Whole Story. Don’t Shortchange Second-Order Revenue, Jason Lemkin
Initial Sale
+25%+56%
=+40%
Total customer lifetime value is
likely as much as double what you think it is today.
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0x
5x
15x
20x
EV
/ R
even
ue M
ultip
le
Dollar Net Renewal Rate
60% 70% 80% 90% 100% 110% 120%
Source: Altimeter and FactSet 10/2014
10x 7X
15X
Adoption improves your valuation
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Personaljourney and well-being
Customer journey and well-being
vs.
A parallel experience
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Your personal journeyB
irth
Death
Old Age
Infancy Adulthood
Adolescence
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Personal Journey - Risks
Pers
onal
Wel
l-bei
ng
Time
Context
Family historyAccess to foodAccess to love
Bankruptcy
Failure to LaunchMove into parent’s basement
CrisisBreak an arm
Bad HabitsStop exercising
PessimismDepression
Parenting Milestones – Life coach
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Your customer journeyC
ontra
ct S
igna
ture C
ontract Expiry
Seasoned
New Customer Ramping
Onboarding
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Customer Journey - RisksFirst 90 Days
Ret
entio
n pr
obab
ility
Time
Context
Customer fit or qualifications, resources and
expertise
Lose Sponsor
Failure to LaunchNever Implement Solution
CrisisSupport Tickets
Bad HabitsPoor System Maintenance
PessimismDetractor
Onboarding Milestones – Customer Success Manager
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Tech Touch
CSM Touch• EBR & Success Plan
Review
• CSAT Survey• Usage Reports• Product Release
Emails
Ramping
• Renewal Preparation• Renewal Negotiation
• Expand Opportunities
Seasoned
• Train the Trainer• Go Live
• Onboarding webinars• Additional training
resources
Onboarding
Managing your customer lifecycle
• Kickoff call• Success plan
• Welcome email
New Customer
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WelcomeShow your customers they are appreciated.
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Success Plans How to align on strategy and deliver value.
1. New Customer
2. Challe
nge Identification
3. Strate
gy Sessi
on
4. Post-meetin
g Follow-
up
5. Roll out best practices
; track value via success
plans
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1. New Custome
r
2. Challenge Identificatio
n
3. Strategy
Session
4. Post-meeti
ng Follow-up
5. Roll out best practices; track value via
success plans
Success Plans: Challenge Identification
Invite key stakeholders to strategy session
Document key business challenges
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1. New Custome
r
2. Challenge Identificatio
n
3. Strategy
Session
4. Post-meeti
ng Follow-up
5. Roll out best practices; track value via
success plans
Success Plans: Strategy Session
Review challenges Share best practices as
frameworks for solutions Prioritize top initiatives for
implementation
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1. New Custome
r
2. Challenge Identificatio
n
3. Strategy
Session
4. Post-meeti
ng Follow-up
5. Roll out best practices; track value via
success plans
Success Plans: Post-meeting Follow-up
Create success plan, documenting the top initiatives and timeline
Export success plan and align with customer
Set up success snapshots to export
plan into ppt
Use CTAs to align on overall objectives and
broad initiatives; Set up tasks to align with more
specific due-dates
Set up templates to streamline SP
creation
Once success plan is set to active, objective CTAs will
appear in your Cockpit; intended to be managed along
with CTAs of other types
Planning Tips
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Train the Trainer
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Adoption creates customers for life
Adoption is about addressing the
consumption gap.
Understand how your customer journey relates to
your personal journey.
Relevant, timely customer engagement is critical to
your success.
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What happens in the first 90 days for a Smart Net Total Care customer?
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Vision – a Lifecycle Approach
Adopt
Welcome
2nd Chance AttachExpand
Renew
Refresh
Install Base Management and data accuracy is the foundation for all Cisco software & services success.
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Audience Poll
Do you think your customers currently follow good Install Base (IB) management practices?
Yes No
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Customer Success Managers’ individual impact
Align to Business Outcomes
Follow the VALUE Framework
Overcome Adoption Barriers
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The VALUE Framework
?
Validate Awareness Leverage key learnings Utilization Embed key features to establish customer value
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Getting started with your customers
Get to know your customers and what they expect to achieve with
Smart Net Total Care.
Collaborate with stakeholders and internal teams to validate
objectives.
Define customer outcomes and assess internal/external
resources.
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Strategic Importance
Resources
Training/Understanding
Collector Installation
Data Accuracy/Integrity
Other
Audience Poll
Considering your personal experience with Smart Net Total Care onboarding, what do you feel is your #1 challenge with successful customer adoption?
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Critical Smart Net Total Care Milestones
1 2 3Collector Installation Initial Data Upload Initial Reports
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90 Day Smart Net Total Care Adoption Checklist
Customer Kickoff Meeting
Open TAC Collect Case
Share Software Collector Image
CSAM Training (Customer Users Registration)
Collector Ready (Virtual Machine Deployed)
Network Ready (SNMP, ACLs, Firewalls)
Collector Configuration Meeting
First Data Upload
Discovery Target Completion and Upload
Portal Training
Close Out Meeting
1
2
3
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Audience Poll
31
Are you currently measuring customer health scores?
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What goes into a Health Score?
Objective Subjective Health Score
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Low scores indicate adoption challenges and requires immediate intervention to remedy issues or remove obstacles.
High scores indicate healthy adoption and the potential for references, case studies or expand opportunities.
Understanding Health Scores
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Transition from Onboarding to Adoption (Project Manager to Customer Success Manager)
Establish a cadence to drive product use and further adoption
Remove barriers to progress
Focus on install base management best practices
Use Smart Net Total Care as the single-source-of-truth for network accuracy
What happens after the first 90 days?
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Case Study ExampleWhat happens when adoption works?
Secured a 5 year Smart Net Total Care contract at a value of $10M and increased renewals by 30%
Challenge
After several painful, costly network outages, an industrial
products manufacturer needed an asset management tool and
access to reliable TAC support to minimize their risk exposure and
improve network reliability.
Action
To minimize network risk, proactively manage a predictable budget, secure TAC services and improve network reliability, Smart Net Total Care was implemented.
An install base assessment and audit were completed to bring
software licensing into compliance.
Outcome
Smart Net Total Care is now the single source of truth and the
customer now has an accurate view of their network, access to TAC support and has minimized their risk of network outages that
affect profitability.
Also improved software licensing and regulatory compliance
requirements.
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VALUE Framework Process Checklist
Validate
Know your stakeholders and understand their desired business outcomes Monitor onboarding services Document customer restrictions Verify information accuracy with customers Agree on key performance indicators for business outcomes
Awareness Ensure timely delivery of the welcome package Assess product knowledge and resources Focus on key feature value
Leverage the Learnings Know what matters to your customers and why it is important Activate key solution features Determine where your customer sees value
Utilization Monitor your customer health score Act on key triggers Encourage use of key features
Embed Process Value
Remedy customer adoption barriers Promote key features and establish business value reviews Capture expand opportunities Collaborate with account teams Document and celebrate success
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Upcoming Sessions#successtalk
Automation tools can lower your cost to serve customers while improving their experience with your Smart Net Total Care services. Find out how to save time and money with an automated adoption journey.
Low-Touch Tactics to Grow Customer AdoptionJune 14, 2016
Healthy customers renew their service contracts and purchase more from your company, but what does a healthy customer look like? Discover simple ways to improve customer health for Smart Net Total Care and keep your customers happy.
Product Usage: Your Silent Revenue KillerJune 28, 2016
Sign up for a webinar
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