Every business can be situated on a customer experience deployment continuum. The business is either new to the game of customer experience, finding its footing with customers, far along in its journey, or hitting the customer experience high notes consistently. Each of these reference points represents a specific landmark along the continuum, indicating how well the business is doing in improving its customers’ lives and keeping them happy.
The first landmark that needs to be recognised is the “new to the game” landmark. This is where a business begins its navigation journey and the curtain rises on the theatre of customer experience, allowing the audience to get a first glimpse of what to expect, in how they will be served and treated.
A key theme at this landmark will be highlighting what problem the business will be solving for its customers and in how potent a manner. This problem may be common to the industry and so, the business has to be clear and clever in communicating how it will stand out from the competition in the race to solution management and customer happiness.
The thing about this landmark is that it’s a first impression landmark and carries the burden of setting the bar on the service delivery machinations the business will need to master in order to astonish its customers. Whilst some businesses understand the power of this first impression and start out with a well-intentioned “wow” factor, an equal number fail to keep up the momentum. I’ve discovered that this scenario relates to some businesses beginning their customer experience transformation journeys as well.
The second landmark is “finding one’s footing with the customer.” This is the point on the continuum where customers have become familiar with the business brand and its growing consistency in meeting service promises. There’s growing customer engagement and the business is demonstrating that its glowing first impression was not simply for vanity likes and clickbait. When a business begins to find its footing with its customers, a lot of work begins to happen under the hood. The business begins to aim for congruence between its people, its processes and the technology that supports efficient service delivery, so that customers’ expectations can be met (and exceeded).
The third landmark is where the magic begins to happen. It’s where the business is “far along in its customer experience journey.” There’s a certain sweet spot in the customer experience journey, when a business finds the right combination of how, what, when, where and how much, in delivering its service packaging.
When a business finds this sweet spot, invariably through marketing strategies, research, customer feedback, social listening, surveys and the use of artificial intelligence tools to track customer habits and purchasing behaviours, it becomes easy to create a cycle of customer success. When this cycle is executed efficiently, customers reward the business by intentional repeat purchasing.
Let me remind everyone that the best gauge of customer loyalty is their purchasing behaviour, not their positive responses on a survey.
Finally, the fourth landmark occurs when a business is “hitting the high notes” with customers. We need more businesses to get to this landmark, which now turns into an important milestone on the journey to customer astonishment.
The problem is that the extraordinary effort level required for success at this landmark overwhelms businesses that are not serious about mastering customer success.
Last week, I shared that we are in the age of customer astonishment. It is simply not sufficient to just keep customers happy, they need to be astonished. The conundrum facing some businesses that may not have even gotten out of the customer experience starting block is real.
The businesses at this fourth landmark in the customer astonishment journey, are those that are the most outstanding in their business sectors and have become the reference points for the gold standard in delivering an experience that leaves every customer astonished.
These are the businesses that have discovered that through superlative customer experience-as-a-service, repeat business becomes predictable, causing revenue to become predictable. This is not rocket science, it’s customer experience science, based on the simple tenet of compounding customer value and we do know how powerfully the law of compounding works.
Compounding customer value is derived from the stacking of these four key landmarks. A word of caution. This chain of effort is not for the business that wants a quick fix, but the business that wants to create a sustainable customer pipeline based on customer astonishment and its supporting actors of sustainable infrastructure, talented people, friendly processes and modern-day technology.
But, most of all, compounding customer value is best suited to businesses that wish to become forces of nature in keeping their customers in a never-ending state of astonishment.
The high-value question is, “Where is your business on this landmark continuum?”