What is CX?
Customer experience (CX) management is an ongoing program with significant business advantages. To make CX successful, it is critical that actions and investments aligned with key learnings deliver on brand promises.
As customer experience is something a brand can only partially control, using employees as sources of insight into what's working or not is key for improving it. Employees can identify problems and opportunities more quickly than customer feedback programs alone can.
Why CX is important?
Customer Experience (CX) is essential to business growth; customer acquisition costs significantly more than customer retention costs, creating cross-sell and up-sell opportunities with excellent CX.
Positive customer experiences lead to repeat purchases and brand loyalty, while negative ones can create a bad image for your brand resulting in decreased revenues and customer churn.
To optimize customer experience (CX), businesses require a complete suite of cloud applications that can collect, unify and analyze customer data - this may include marketing automation solutions, eCommerce storefronts, CRM tools such as CPQ or SFA solutions and customer data platforms.
What is the CX process?
Customer Experience (CX) encompasses an expansive set of business practices, from customer service and marketing, branding, product design and merchandising decisions, through supply chain selection to supply chain decisions. A successful CX process puts customers at the center of each decision made, leading to brand loyalty and reduced operating costs.
Digital Customer Experience involves optimizing page load times and understanding how easy it is for customers to purchase online. In addition, customer effort scores - an indicator of digital conversion rates - must also be measured.
The best companies use customer feedback to understand what buyers care most about and then take steps accordingly. They recognize that while quality products and competitive pricing may be expected from them, an exceptional experience can set them apart in an era where these are considered table stakes.
How can CX help you?
Finding and filling key CX gaps at your agency requires collecting and analyzing customer data. A suite of cloud applications -- marketing automation, ecommerce, CRM, sales force automation (SFA), digital experience and CPQ solutions -- that can unify data into customer profiles with actionable insights is required for effective CX.
With an accurate understanding of what customers value most, prioritizing actions and investing in ongoing improvements become much simpler. Furthermore, showing senior leadership how your CX program fosters loyalty can ensure ongoing support from them.
What is the CX strategy?
CX strategy describes a company's plans for providing an excellent customer experience, from identifying customer needs to measuring customer satisfaction.
Customer experience strategies must incorporate customer feedback as an integral element, like Netflix's personalization strategies that suggest media that fits customers based on their tastes and preferences.
Developing your customer experience strategy effectively requires engaging all departments within your organization, not only those responsible for customer-facing roles. Doing this ensures that everyone works towards reaching your goals together.
What is the CX roadmap?
An effective customer experience roadmap can be used as an indispensable resource in translating your CX vision and strategy into tangible actions, while simultaneously helping ensure that any chosen projects align with overall business goals and priorities.
Stakeholders should be involved in creating the roadmap, especially those groups responsible for carrying out specific CX tasks. Committing stakeholders to the project plan requires adequate resources in terms of time, tools, technology, headcount and budget so as to meet its obligations effectively.
What is the CX action plan?
Showing customers you care by listening and taking action is essential in building customer trust. A brand can respond to feedback from its customers by responding quickly via social media posts or customer support chat, responding directly and quickly addressing any concerns that come up from feedback received from its audience.
Make the case for your CX program by aligning its initiatives to leadership priorities and business goals. Use driver analysis to pinpoint experience elements which disproportionately influence loyalty behaviors, showing how improving them will have an impactful result in improving key CX metrics.
Establish the actions needed to help achieve your CX goals and assign responsibility for them among team members. A roadmap or timeline could also prove beneficial in accomplishing them successfully.
