I started my first “Voice of the Customer program” with no budget and no resources.
I am using quotes because I didn’t set out to create something so formal, I just knew that listening to customers was essential for me to do my job well.
I was a Product Marketing Manager for a growing B2B SaaS product, and my Sales Manager and I were struggling with a bad decline in new customer revenue.
Our hypothesis was that we had gone slightly upmarket but were not providing enough value in our packages to warrant the premium price we were charging. We knew that collaboration across sales and marketing was essential to addressing the problem and charting a new path forward.
We did not have time to wait around for market research to prove this problem, so we started quantifying how often the issue came up in daily conversation. This strategy proved to not only be successful but also repeatable.
Why weren’t we prioritizing customer insights from frontline conversations every day?
You don’t need extensive resources to start building your Voice of Customer program. You just need to commit to listening deeply to customers, and you can get started today!
We started with our sales team, by tracking every time “lack of value” came up in sales calls, emails, and CRM notes. Technology and tools like Gong and Chorus make it even easier to gain insight from frontline conversations, but we started simple. We created a field in our CRM where sales reps could leave contextual notes about major issues impacting the deal. This helped us:
Note: This requires you to trust your sales reps. If you can’t trust the people who are paid to represent the value of your company, you have bigger problems, and VoC will be a futile effort.
In addition to internal feedback, we tapped online channels of feedback like online reviews and forums. We read through community forums to better understand the top problems our market was discussing. We looked at our own online reviews to see how well we were solving those problems, and our competitors’ to see how we could solve customer needs in unique ways.
We looked at things like:
Finally, we looked at the responses submitted via our NPS surveys to understand where our existing customers were frustrated. We paid special attention to those who were paying higher prices but were dissatisfied with the product. We followed up with those customers to understand where expectations fell short, propose new solutions, and further refine our hypotheses.
To get to the heart of your NPS survey feedback, we analyzed comments and categorized each comment into primary promoter benefit or detractor categories. This allows you to identify the larger themes across customer feedback so that you can focus on addressing the areas where customers are having the greatest issues.
Once we had quantifiable intelligence across several unique stages of the customer journey, we brought our findings to discuss in existing weekly leadership meetings. Our goal was to align on:
Once we were aligned on what our customers needed, and where we and our competitors fell short, we could focus our weekly meetings on translating those needs into HIGH VALUE action.
That year our revenue grew by 20%, and VoC became part of our weekly discussion. What started as an experiment evolved into a proactive approach for exposing new issues as they started to emerge.
When you are thinking about how to get started with incorporating the Voice of the Customer into growth strategies, remember you can start small. When you adopt a mindset of Customer-Led Growth and it becomes easy to integrate customer needs into every area of your business.
Read more here about setting up scalable VoC processes to inform growth strategies.
© 2020 LoopVoc. All rights reserved.