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Romancing
with the Customer!
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
1
Why Romance?
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
2
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
3
Say SWITS.
Customer
• Sorry
• Wish
• Inform
• Thanks
• Share
Beloved
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
4
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
5
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
6
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
7
1. Thanks for listening.
2. Thanks for taking out your precious time to complain.
3. Thanks for being loyal to us.
4. Thanks for visiting me for “n” no of time in last ‘y” no of months.
5. Thanks for referring us to your friend.
6. Thanks for billing “Rs X” with us in “Y” no of months.
7. Thanks for upgrading your product from “A” to “A1” with us.
8. Thanks for buying all your cross selling needs from us.
9. Thanks for calling a spade a spade without mincing any word.
10. Thanks for your suggestions.
11. Thanks for reporting any misbehavior of our staff.
12. Thanks for trusting us and making us grow into what we are today.
13. Thanks for supporting our dream by believing in us.
14. Thanks for telling us where we are wrong.
15. Thank you for your business.
16. Thank you for making us the No 1 company.
17. Thank you for sharing your idea with us.
18. Thank you for telling us that we are not worth it.
19. Thanks for trying out my product or service.
20. Thanks for assessing my product by cho0sing to use it once.
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
8
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
9
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
10
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
11
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
12
Customer Behaviour
Analytics. Why?
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
13
Daily Customer Romance Dashboard
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
14
Date: _______________
SWITS count:
S = ______
W=______
I= ______
T= ______
S= ______
Complaint is a gift!
Item:
Area:
Complaint code:
Resolved %age:
Exceeding Customer’s
Expectations!
OK =
Content=
Excited=
Fans =
Total = _____________
Lost cases:
1.
2.
3.
4.
5.
6 Tools of crm
Leverage sales from existing customers
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
15
ABV & ABS
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
16
Average Basket Value
Total billing / Total no of customers
Average Basket Size
No of categories billed in each bill
Customer Lapsation
Even if you offer the
best product backed
with best service,
Some customers will
lapse from your
system out of sheer
fatigue of dealing with
you.
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
17
Customer Stickiness
Some customers buy
only some category of
products from you.
Why don’t they buy all
categories available
with you?
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
18
RFM Value Monitoring
Recency
Frequency
Monetary
Value
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
19
Basket Migration
When customers
migrate from one
basket to another
basket of products
a)With you
b)Without you
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
20
In a nut shell
Customer Loyalty
Customer Churn
Customer Engagement
SWITS
Sorry, Wish, Inform,
Thank, Share
Customer Evolution
Metrics
a)ABV
b)ABS
c)Lapsation
d)Stickiness
e)RFM
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
21
Strategic Concepts (I) Pvt Ltd
www.consult4sales.com
22

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Romancing with the customer

  • 1. Romancing with the Customer! Strategic Concepts (I) Pvt Ltd www.consult4sales.com 1
  • 2. Why Romance? Strategic Concepts (I) Pvt Ltd www.consult4sales.com 2
  • 3. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 3
  • 4. Say SWITS. Customer • Sorry • Wish • Inform • Thanks • Share Beloved Strategic Concepts (I) Pvt Ltd www.consult4sales.com 4
  • 5. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 5
  • 6. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 6
  • 7. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 7 1. Thanks for listening. 2. Thanks for taking out your precious time to complain. 3. Thanks for being loyal to us. 4. Thanks for visiting me for “n” no of time in last ‘y” no of months. 5. Thanks for referring us to your friend. 6. Thanks for billing “Rs X” with us in “Y” no of months. 7. Thanks for upgrading your product from “A” to “A1” with us. 8. Thanks for buying all your cross selling needs from us. 9. Thanks for calling a spade a spade without mincing any word. 10. Thanks for your suggestions. 11. Thanks for reporting any misbehavior of our staff. 12. Thanks for trusting us and making us grow into what we are today. 13. Thanks for supporting our dream by believing in us. 14. Thanks for telling us where we are wrong. 15. Thank you for your business. 16. Thank you for making us the No 1 company. 17. Thank you for sharing your idea with us. 18. Thank you for telling us that we are not worth it. 19. Thanks for trying out my product or service. 20. Thanks for assessing my product by cho0sing to use it once.
  • 8. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 8
  • 9. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 9
  • 10. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 10
  • 11. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 11
  • 12. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 12
  • 13. Customer Behaviour Analytics. Why? Strategic Concepts (I) Pvt Ltd www.consult4sales.com 13
  • 14. Daily Customer Romance Dashboard Strategic Concepts (I) Pvt Ltd www.consult4sales.com 14 Date: _______________ SWITS count: S = ______ W=______ I= ______ T= ______ S= ______ Complaint is a gift! Item: Area: Complaint code: Resolved %age: Exceeding Customer’s Expectations! OK = Content= Excited= Fans = Total = _____________ Lost cases: 1. 2. 3. 4. 5.
  • 15. 6 Tools of crm Leverage sales from existing customers Strategic Concepts (I) Pvt Ltd www.consult4sales.com 15
  • 16. ABV & ABS Strategic Concepts (I) Pvt Ltd www.consult4sales.com 16 Average Basket Value Total billing / Total no of customers Average Basket Size No of categories billed in each bill
  • 17. Customer Lapsation Even if you offer the best product backed with best service, Some customers will lapse from your system out of sheer fatigue of dealing with you. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 17
  • 18. Customer Stickiness Some customers buy only some category of products from you. Why don’t they buy all categories available with you? Strategic Concepts (I) Pvt Ltd www.consult4sales.com 18
  • 19. RFM Value Monitoring Recency Frequency Monetary Value Strategic Concepts (I) Pvt Ltd www.consult4sales.com 19
  • 20. Basket Migration When customers migrate from one basket to another basket of products a)With you b)Without you Strategic Concepts (I) Pvt Ltd www.consult4sales.com 20
  • 21. In a nut shell Customer Loyalty Customer Churn Customer Engagement SWITS Sorry, Wish, Inform, Thank, Share Customer Evolution Metrics a)ABV b)ABS c)Lapsation d)Stickiness e)RFM Strategic Concepts (I) Pvt Ltd www.consult4sales.com 21
  • 22. Strategic Concepts (I) Pvt Ltd www.consult4sales.com 22