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Navigating the Customer ExperienceAuthor: Yanique Grant, Customer Experience Strategist, Entrepreneur
Join host Yanique Grant as she takes you on a journey with global entrepreneurs and subject matter experts that can help you to navigate your customer experience. Learn what customers really want and how businesses can understand the psychology of each customer or business that they engage with. We will be looking at technology, leadership, customer service charters and strategies, training and development, complaint management, service recovery and so much more! Language: en Genres: Business, Entrepreneurship Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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230: Strategies for Customer Success and Retention with Rachel Stanley
Tuesday, 14 May, 2024
Rachel Stanley came to Banzai in 2019 with over 10 years of SaaS onboarding, training, implementation, consulting, e-Learning, customer success, adoption and support experience. When Rachel joined Banzai, Customer Success was the only customer-facing job function. Since then, Rachel has added Onboarding, Support and Customer Marketing successfully creating a Customer Experience organization that has driven best-in-industry customer satisfaction and grown Banzai’s Net Retention Rate (NRR) significantly. Rachel is passionate about building high functioning teams that consistently hit their objectives. Previously, Rachel has held roles at Amazon and ACS Technologies. Rachel lives in the Seattle area. Questions · Now, we always like to give our guests an opportunity to share a little bit about their journey. So, could you share with our listeners, how it is that you got from where you were to where you are today? · Now, could you tell our listeners a little bit about Banzai and what you guys do? · Banzai focus is really on events and your target is really your marketers are your customers. What would you say are some of your customers main pain points? How is it that you're able to overcome some of those and successfully have a high retention rate because ideally, that's what all organizations aim for, to keep the customers that they have for a lifetime. · Now, seeing that you've been in the Customer Success space for quite some time now, what are some of the emerging trends that you are seeing in the Customer Success space that you believe if that trend continues in a positive way will help to enhance customer experience? · Now, Rachel, can you also share with us what's the one online tool, resource, website or application that you absolutely cannot live without in your business? · Could you also share with us maybe one or two books that you've read, it could be a book that you read recently, or even one that you read a very long time ago, but it has had a great impact on you, and maybe even your development and just your continued growth? · Could you also share with our listeners, what's the one thing that is going on in your life right now that you are really excited about? Either something you're working on to develop yourself or your people. · Now, our listeners would have tapped into this episode, and they're quite intrigued with you, Rachel and they'd like to know how they can reach out to you online where can they find you online? · Now, before we wrap our episodes up, we always like to ask our guests if you have a quote or a saying maybe something that you revert to or use if during times of adversity or challenge, this quote kind of helps to just get you back on track or get you back refocused. Do you have one of those? Highlights Rachel’s Journey Me: Now, we always like to give our guests an opportunity to share a little bit about their journey. So, could you share with our listeners, how it is that you got from where you were to where you are today? Rachel shared that beginning of her career, she was actually an office manager for many years and an Executive Assistant. So, her customer base was very internal. And then she took the opportunity at ACS Technologies to apply for, she was an Executive Assistant office manager and applied for a onboarding, like specialist or an onboarding role. And so, that was her introduction into customer facing. And from there, it just kind of took off. She went from onboarding to an actual, like implementation consultants, than she ended up leading that team. And so, they mainly focus on training and implementation professional services. And then coming into Banzai, was really when she wanted to break into customer success, it was still kind of new back then, it's really developed over the years. But at Banzai in the last five years, she’s just grown so much, thankfully, there's so many resources like this podcast out there that really explore all the areas of customer experience. So, at Banzai, like Yanique just said, it basically grew from customer success, and then added onboarding and adoption and support and customer marketing has been the latest addition. About Rachel’s Company – Banzai Me: Now, could you tell our listeners a little bit about Banzai and what you guys do? Rachel shared that Banzai is a Mar Tech company. So, they're all about providing tools that give marketers data. And so, right now, their products are mostly event focused, they have a webinar platform, and then a platform/service that drives registrations to field marketing events. But they are this year is really exciting and they're looking at a bunch of different acquisitions that they’re mainly focused on how to provide data to marketers. So, they have visions of becoming a platform that has a tonne of tools for marketers to become a Banzai customer. So, for her this year, cross sell is a big focus. Strategies for Enhancing Customer Retention in Event Marketing Me: So, Banzai focus is really on events, as you said, and your target is really your marketers are your customers. What would you say are some of your customers main pain points? How is it that you're able to overcome some of those and as I mentioned when I was reading your bio, successfully have a high retention rate because ideally, that's what all organizations aim for, to keep the customers that they have for a lifetime. Rachel shared that she'll specifically talk about their webinar platform customers, because that's the bulk of their business at the moment. So, the problem they often come to them, she would say most have already at least started a webinar programme, some customers are just starting but their main segment or ICP (Ideal Customer Profile) is mid-market, so most of them have done a webinar programme before but it's been clunky, they feel like their other platform wasn't engaging, and they didn't know how to prove the ROI of their webinar platform. And so, what they really focus on is, thankfully, their platform is super easy, super clean, and all of that. So, they obviously want to make sure they use all of the features, all of the engaging features to help their audience engage more, but then they also point out all the data they have on the back end that helps them prove the ROI. And so, since their customers are marketers, they're obviously, most of their objectives are providing MQLs (Marketing Qualified Lead) and things like that. And so, things like their focus rate, like being able to see who was the most engaged in a webinar really can provide like a lead score for them, and then push people over to sales and provide MQLs. And so, that's really where she thinks instead of just kind of letting them just get on the webinar platform and just run a webinar, they're really focused on how to improve the webinar, how to make it more engaging, and how to deliver the data that helps them move those prospects to the next stage of the opportunity. Emerging Trends to Enhance Customer Success Now, seeing that you've been in the Customer Success space for quite some time now, what are some of the emerging trends that you are seeing in the Customer Success space that you believe if that trend continues in a positive way will help to enhance customer’s experience…..generally speaking? Rachel shared that that's a great question. She thinks internally, like the trend that we're all kind of looked at and focusing on is AI. And so, how can we utilize AI? And she thinks all of us, especially people that work in customer experience, we tend to all really care about people, like we have a lot of empathy, there's definitely like a persona. And so, she thinks there's some concern in the AI space that like we don't want to be replaced by robots, or probably any function is worried about that. And so, she’s trying to learn as much as she can about AI and explore different tools and how it's being implemented. And what she thinks is, we really need to lean into how AI can help us be more efficient, but not replace us, like how can AI free up more of our time to focus on our customers and make sure they're getting the most value out of our product or service? And so, what she’s seeing right now, like with support is, AI can help find an answer quicker, or kind of write a draft of a response to a customer, instead of just like, automatically sending a response to a customer like we've all had the experience of calling in, and they're like asking you to say and it's a robot, like asking you to say what your problem is, and you end up kind of screaming at the phone asking to talk to a representative. That's not the experience she wants for their customers. And so, what they're leaning into is more like internal efficiencies and she thinks what that allows, it's good for morale, too, because freeing up time allows people to lean into their sweet spots and what they're passionate about, and what she’s seeing with CSM (Customer Service Management) specifically is allowing them to spend more time on things like a QBR or just checking in on a customer or joining one of their webinars, things like that. And so, she thinks that's a positive that if we can keep freeing up more time, then that's a trend she wants to continue to lean into. App, Website or Tool that Rachel Absolutely Can’t Live Without in Her Business When asked about an online resource that she cannot live without, Rachel shared that Intercom for them, that's the tool they use for their Support Chat. It also allows them to do like in app pop ups, it could be anything from like a banner announcement to a survey, or announcing a feature release, things like that. It's what allows them to provide fast 24/7 support. For us a webinar, they have customers around the world, and they believe 24/7 support is essential because if something's wrong, it's super stressful in the moment, like, imagine if this podcast was live and there's a technical difficulty. So, Intercom is what allows them to do that and what allows their customer marketing to advertise things, but it's also like how they do like in app onboarding like a product tour when new customers initially joined. So, it’s an essential tool for them. Books that Have Had the Biggest Impact on Rachel When asked about books that have had a great impact, Rachel shared that over like the Christmas and New Year's break, she read two books that have really kind of framed a theme for her this year. And it's Essentialism: The Disciplined Pursuit of Less by Greg McKeown and The Lazy Genius Way: Embrace What Matters, Ditch What Doesn’t, and Get Stuff Done by Kendra Adachi. And both of them aren't necessarily like business books. So, she likes books like that, that you can apply to your personal life and to work. And they kind of have a similar theme and actually though, she read The Lazy Genius Way first, and in that book, or maybe it's her podcast, but she recommended Essentialism. She said, she reads it reads it once a year and basically Essentialism talks all about doing less but better. And The Lazy Genius Way, her tagline is “being a genius about the things that matter, and lazy about the things that don't.” And so, going into this year with her team, she’s just really been talking about like an essentialist mindset. And it goes back to even her original customer facing days of training where she talked a lot about first you focus on what's essential, then what's important, then what's helpful, like when training the customer, and she thinks they can apply that with their own workload, like her team's job is never done, there's always something they could be doing more and better and they get a lot thrown at them. And so, to help with overwhelm and burnout, then focus on okay, but what's essential, like what's essential today, what's essential this quarter for them to hit their objectives and their goals? And it's really been helpful for her personally, and for every member of her team. What Rachel is Really Excited About Now! When asked about something that she’s really excited about, Rachel shared that at the risk of repeating herself, it really is essentialism, even in her personal life, she’s trying to just shed doubt, like even parenting, it's kind of like a minimalist in a way but a little bit different. So, she’s trying to simplify her life and really focus on the things that are going to make the biggest difference like personally, she’s trying to exercise more and eat less sugar like things like that that are essential. And then at work, she’s really been focused on like picking the three things that she has to do, like the most essential things in a day and trying to let go of creating a to do list that's 20 things long and feeling like she failed when she didn't do it at the end of the day. Me: That’s a good one. She shared that which is definitely her old way of operating and so ending the day feeling successful is way better. Me: I agree, especially if psychologically you've conditioned your mind that if the list is smaller and definitely you’ve done in chunks and more manageable, then it makes it more realistic and provides you with a better transition from day to day, because as you said, you don't feel like you have failed and you feel successful going into the next day. Where Can We Find Rachel Online LinkedIn – Rachel Stanley Website – www.banzai.io Quote or Saying that During Times of Adversity Rachel Uses When asked about a quote or saying that she tends to revert to, Rachel shared that she’s going to stick to kind of the theme of the last few questions and because she really does go back to the two quotes of the books she mentioned. Because her biggest weakness is more being a perfectionist and an overachiever. So, “Do less but better.” and basically, “Be a genius about the things that matter and lazy about the things that don't.” It's okay to be lazy. Me: I love it. Well, Rachel, thank you so much for taking time and coming on our podcast and sharing all of these great insights, sharing about your company, Banzai and also about customer success, and some of the trends as it relates to AI that you believe should continue definitely to free up people's time. As well as what you're working on as you're going forward. So, we just want to extend our deepest gratitude to you. Please connect with us on Twitter @navigatingcx and also join our Private Facebook Community – Navigating the Customer Experience and listen to our FB Lives weekly with a new guest Links • Essentialism: The Disciplined Pursuit of Less by Greg McKeown • The Lazy Genius Way: Embrace What Matters, Ditch What Doesn’t, and Get Stuff Done by Kendra Adachi The ABC’s of a Fantastic Customer Experience Grab the Freebie on Our Website – TOP 10 Online Business Resources for Small Business Owners Do you want to pivot your online customer experience and build loyalty - get a copy of “The ABC’s of a Fantastic Customer Experience.” The ABC's of a Fantastic Customer Experience provides 26 easy to follow steps and techniques that helps your business to achieve success and build brand loyalty. This Guide to Limitless, Happy and Loyal Customers will help you to strengthen your service delivery, enhance your knowledge and appreciation of the customer experience and provide tips and practical strategies that you can start implementing immediately! This book will develop your customer service skills and sharpen your attention to detail when serving others. Master your customer experience and develop those knock your socks off techniques that will lead to lifetime customers. Your customers will only want to work with your business and it will be your brand differentiator. It will lead to recruiters to seek you out by providing practical examples on how to deliver a winning customer service experience!
