Experience Matters
Michael Fauscette Michael Fauscette

Experience Matters

Building relationships and trust online can be difficult and the ongoing relationship can be fragile. The more online interactions the greater the opportunity to increase trust through positive experiences, but the dark side of that opportunity is the risk of exposure to poor interactions and the damage they can do to trust. Subscription based products and services, which are more prevalent now than ever before in a wide variety of industries, are particularly exposed to experience risks since long term company success is tied to renewals and relationships. Customer service (and customer success) takes on significantly increased importance to those experiences and the health of the customer relationships.

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Zuora to Acquire Zephr
Michael Fauscette Michael Fauscette

Zuora to Acquire Zephr

Yesterday subscription management provider Zuora announced that it plans to acquire Zephr, a provider of a subscription experience platform. The London based Zephr, which focuses on the digital publishing and media industry vertical, already integrates with the Zuora application suite “out of the box” with several joint customers in production. In general the two sets of applications are complimentary with little overlap. The overall subscriber experience is business critical in both new customer acquisition and long term customer retention, so it’s easy to see the opportunity for the combined solution.

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Selecting a SaaS Solution
Michael Fauscette Michael Fauscette

Selecting a SaaS Solution

In the recently published report on subscriber experience, we examined a number of topics including the factors that are important in making a subscription purchase decision. The report is based on a survey conducted in May of 2022 (N=394) and focused on business to business (B2B) subscriptions. There were two questions related to the selection and purchase, one looked at influence on the purchase decision and the other at selection of the service provider.

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From Free to Paid, Why Do SaaS Customers Upgrade?
Michael Fauscette Michael Fauscette

From Free to Paid, Why Do SaaS Customers Upgrade?

We recently published a report on subscriber experience based on a survey conducted in May of 2022 (N=394). The survey collected data on a number of subscription topics, including trying to understand why customers upgrade from a free version. Free versions and free trials are important tools in building a product led growth (PLG) business and conversion to paid is always a hot topic in a PLG company. There are many factors that can influence the customer’s decision to convert, but there is a core set of levers that can be manipulated.

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Accelerating Growth with Customer Feedback

Accelerating Growth with Customer Feedback

The habits of people buying things had shifted in personal shopping decision making and that shift impacted business buying decisions as well. This new learned behavior, conducting your own research online and becoming your own expert, changed what is considered a “trusted” information source and redefined how people make purchase decisions.

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Collaborative Incident Management
Michael Fauscette Michael Fauscette

Collaborative Incident Management

There’s a process in incident management called “swarming” that has emerged over the past couple of years. The idea seems pretty simple (and maybe just puts a name on something that companies have done in some fashion for a longer time), when there is a critical incident, bring a team together that has the capabilities and skills to find and execute the resolution. This approach eliminates handoffs and puts the spotlight on the issue and the “right” team to sort it out. While the idea is pretty simple, executing it effectively has some complexities and impediments created by the lack of a systematic way to manage the swarming. The process also eliminates the need for the escalation or tiered model in your support organization, creating instead a collaborative support model.

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Are Your Customers “Lost”?

Are Your Customers “Lost”?

Today, for a lot of companies and sales teams, there’s a gap between what they think the buyer wants and does, and how the buyer actually behaves. This gap creates bad or incorrect behaviors for the sellers, and creates friction and poor experiences for buyers.

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The Value of an Integrated Marketing Platform

The Value of an Integrated Marketing Platform

Moving from a complex mix of marketing tools to a single platform solution can provide a great deal of benefit to the whole marketing team. In addition the value of a unified customer data model has a big impact across the whole company. This doesn’t mean that there might be some unique use cases that require a specialized solution, but in the aggregate unifying the team with a robust marketing platform can solve many problems and streamline operations.

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Is B2B Sales Broken?

Is B2B Sales Broken?

An emerging category of solutions though, called sales acceleration platforms, can create a digital support structure that combines AI, on-demand content and crowd sourced intelligence to improve each customer interaction. Using a sales acceleration platform ensures new reps onboard quickly, come up to speed and meet performance targets sooner and existing reps increase productivity while reducing the ‘friction’ that is creating the low job satisfaction and turnover.

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Low Code Collaborative Solution Development; Zoho Releases an Updated Creator Platform

Low Code Collaborative Solution Development; Zoho Releases an Updated Creator Platform

Over the past couple of years low code / no code cloud platforms have become much more available and capable. These platforms can increase the productivity of IT teams and democratize the capability to build some types of applications across the business user community. Empowering end users to customize and build simple applications easily reduces the overall demand on your actual development team, freeing them up to focus on higher value, more complex tasks. User satisfaction, assuming the platform meets expectations, is improved across both teams and end users can quickly solve many business challenges themselves.

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Top Tech Trends for 2022

Top Tech Trends for 2022

The past two years have created a great deal of change in how businesses use technology and elevated the importance of that technology to the overall business strategy as the pandemic forced more and more business online. The impact of the past two years is driving continued change and the economic uncertainty creates the need for businesses to accelerate their transformation efforts. The next two years will see many technology changes and innovations as companies scramble to be more competitive.

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The Agile Enterprise: Automation and Workflow

The Agile Enterprise: Automation and Workflow

Agility, flexibility and adaptability are all aspirational traits for a "modern" business. They are, in part at least, the intended outcomes from digital transformation. They are however, a very difficult and complex set of capabilities to achieve. Some of that difficulty is cultural of course, in general people resist change. Beyond the cultural though, getting underlying technologies that enable the ability to be agile, flexible and adapt to changing market conditions is a challenge for most businesses (and systems). Many business technology systems in use today are still built in ways that inhibit the ability too rapidly adapt business strategy and operations to changing market conditions. System constraints often create impediments to a successful transformation.

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Building the Best Digital Experiences

Building the Best Digital Experiences

With the rapid move online for businesses and consumers over the past 18+ months of the pandemic, "digital experience" has surfaced as one of the most critical factors for business success. Digital experience (DX) is a broad term and can apply to many aspects of managing a business' online presence. In the broadest sense DX encompasses employee or workforce experience (EX), customer experience (CX) and depending on the business, partner experience as well as any other stakeholder interactions. You could also package all that up as user experience (UX), which covers all online business interactions. Cloud communications platforms, automation, intelligent virtual assistants, and any systems that deliver end-to-end business processes are all a part of delivering the desired UX.

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Why Context Matters in Software Selection

Why Context Matters in Software Selection

Analyst firms love to produce reports that compare technology solutions, businesses love to use those reports to support software selection and software suppliers in general love to hate them. Well, maybe that's too harsh, suppliers actually hate the process and only love the reports when it makes them look better than competitors. As a solution buyer, what do these comparison reports really tell you?

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A Digital First Strategy

A Digital First Strategy

The behaviors and expectations of customers changed to meet the changing conditions of the past 18+ months. Those behaviors are, in my opinion, irrevocably different. That means that in this aspect anyway, you have to ensure the new workflows, processes and employee behaviors put in place during the pandemic response continue to be improved and remain in place. Intentional digital transformation projects historically proved themselves as complex, difficult and often did not deliver the intended results. According to a Boston Consulting Group (BCG) study from October 2020, 70% of digital transformation projects fall short of their objectives. BCG also found that digital leaders see earnings growth of 1.8 times higher than digital laggards. There are a lot of reasons from a customer and business perspective then, to assess your progress and work to improve all the changes you've already implemented. From a workforce perspective the transformation efforts need to continue as well, no matter what direction your post pandemic remote work policies take.

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Delivering a "Good" Subscriber Experience
business strategy, Subscriber Experience Michael Fauscette business strategy, Subscriber Experience Michael Fauscette

Delivering a "Good" Subscriber Experience

I've written quite a bit about subscriber experience already, so I won't go back through the definition. If you want to read more background you can check out this post I wrote for subscription management supplier Zuora. I will focus more on the why and how in this post. It may seem obvious, but providing a good subscriber experience has many benefits to your company. What does providing a good subscriber experience do for your business?

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Why I Broke Up with Evernote After 13 Years
Subscriber Experience Michael Fauscette Subscriber Experience Michael Fauscette

Why I Broke Up with Evernote After 13 Years

As subscription business models continue to expand I believe it’s time to pay more attention to the subscriber’s experience. Buyer behavior has changed and continues to evolve, but one of the consistent areas that buyers look for is advice on purchase decisions from peers. Since you as a subscription business don’t control that peer channel at all, you have to think through how you can try to leverage that influence channel. A successful subscription business survives long term on renewals, not just new business. Create experiences that encourage customers to advocate for you, or at least have a positive opinion of your brand. Or, said another way, the way you treat your subscribers has a direct impact on your business, positive or negative.

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Walmart Chases Amazon...again
business strategy, digital innovation, eCommerce Michael Fauscette business strategy, digital innovation, eCommerce Michael Fauscette

Walmart Chases Amazon...again

The retail business, especially in the world of massive eCommerce and brick and mortar giants, is hard. Margins are thin and competing on price, in addition to selection and convenience, makes growing those margins a challenge. In fact, it's not really any easier for the giants to grow margins either. Amazon's most profitable business isn't retail, it's technology. Building the world's largest eCommerce site required cloud based commerce and supply chain services that did not exist at the time Amazon was scaling, so they built them.

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Digital Experiences: Cloud Communication

Digital Experiences: Cloud Communication

Most communication tools and access to channels show up in the business’ existing business applications like customer service, marketing automation, etc. The problem with that though, is that in general the communications are siloed to the specific function of the application and can’t be extended across the business. Silo’ed applications with silo’ed commutation capabilities hinder or prevent consistent messaging, consistent channel availability and internal collaboration around a specific issue. The same is true of single communication channel tools as well. When it comes to communications with customers, silos are inherently “bad”.

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