CUSTOMERED POWERED GROWTH - SAAS NORTH · Growth Hacking White Hat Growth Marketing micro factors....

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CUSTOMERED POWERED GROWTH How do you get your customers to get you more customers? MARK ORGAN Founder & CEO, Influitive @markorgan Thursday, November 29, 2018

Transcript of CUSTOMERED POWERED GROWTH - SAAS NORTH · Growth Hacking White Hat Growth Marketing micro factors....

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CUSTOMERED POWERED GROWTHHow do you get your customers

to get you more customers?

MARK ORGAN

Founder & CEO, Influitive

@markorgan

Thursday, November 29, 2018

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About Me

Other Facts about Me:

Hired over 400 people

Raised >$65MM

Founder

Creator of Marketing

Automation category

$900M Exit

Experts & leaders of the

B2B marketing revolution

$10-20M ARR

125 Employees

Founder

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So I had a discovery…

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THE GOAL:Maximize Throughput While Minimizing Inputs and Costs

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What is

throughput for a

software company?

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But then I wondered…

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Advocates

are

THE GOAL

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David Skok’s 1 Day Sales Cycle

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Every rapid buying process had advocates deeply involved.

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If you do build a great

experience, customers tell

each other about that.

Word of mouth is powerful.

Jeff Bezos

TRUST,

not technology,

Is the issue of the decade.

Tom Peters

“CUSTOMER

CENTRIC”

“CUSTOMER

OBSESSED”

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83% Trust recommendations

from

friends & family

10% View vendor

content as

trustworthy

Don’t trust

businesses

48%

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“The

Medium

is the

Message”

Marshall McLuhan

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The Messenger

is

The Message

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Successful Companies Understand

● The shifting trust landscape

● The power of community

● How to mobilize people

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Mass Media

Direct Mail

Email &Text Messages

NetworkedCommunities

Vendor content

Peer content

Transition from institutional trust to peer trust

1970s 1990s 2000s Today

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“There is an

incredible

community

around the LEGO

brand and the

LEGO brick, and

we didn’t nurture it

well.”

Jørgen Vig Knudstorp

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Influitive is

powering the

Klipfolio

Insiders

community here

in Ottawa!

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Motivating Advocates

MACRO Factors micro factors

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@INFLUIT IVE

Exclusive Tribe

Advocate

Motivation

Model

Meaningful Impact Social Capital

MACRO

Factors

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Exclusive Tribe

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Meaningful Impact

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27Michael Beahm, Blackbaud

Liz Pedro

Kim Ellis, BMC

Social Capital

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White Hat Growth Hacking

White Hat

Growth

Marketing

micro

factors

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Systematic experimentation on gamification

to drive consistent improvement in results

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2%

14%

A/B Testing with Advocates

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A/B Testing with Advocates

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We involved Advocates in

our ABM campaigns:

▪ Influenced $2.3 million in

new business

▪ Closed $300,000 in new

deals

of B2B companies

planned to invest in ABM

in 2017

58%

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Black Hat Growth Hacking

micro

factors

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Use Advocates to discover unleveraged channels

“What or who is newly influential for you over the past 6 months?”

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19 positive product reviews

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Devotion Hacking: Putting it all together

• Experimentation

• Iteration

• New Channels

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Exclusive Tribe

Advocate Motivation

Model

Meaningful Impact Social Capital

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Introducing the

Customer-Powered Enterprise™

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Customers in Every Stage of the Value Chain

VALUE CHAIN = Supply Chain + Demand Chain

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DEMAND CHAIN

Spreading the word and

creating interestMARKETING

Converting your

prospects and providing

proofSALES

Retaining customers and

growing your businessCUSTOMER SUCCESS

SUPPLY CHAIN

Designing and delivering

valuable products and

servicesPRODUCT / ENGINEERING / DESIGN

Efficiently supporting the

business OPERATIONS / HR / FINANCE / IT

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Improve user adoption & retention

Launch new customers effectively

& scalably

Uncover account growth

opportunities

CUSTOMER-

POWERED

CUSTOMER

SUCCESS

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Higher renewal

rates for K-12 education accounts32%

58%Higher renewal

rates for US corporate accounts

Renewal

Onboarding

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CUSTOMER-

POWERED

MARKETING

Using advocates to create

customer stories faster

Encourage customers to increase

sharing online & in person

Building an engaged Community

with advocates

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Shares of

social media content2,204

31 Customer Success stories published

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Generate

more referrals

Increase access to

customer references

Develop cross-sell

opportunities

CUSTOMER-

POWERED

SALES

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Influenced new opportunities410$ K 92 Referenceable

customers

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CUSTOMER-

POWERED

PRODUCT

DEVELOPMENT

Continuously collect more

customer insights

Accelerate product

iteration

Strengthen product

launches

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Feedback Comments500+Discussion

topics replies386

Discussions re: product features

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This is Customer Powered Growth:

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Questions & Answers