Is Speed Dating a Viable Marketing Strategy During Digital Transformation?
Imagine you have a friend who has had no luck at dating. Instead of looking into the reasons why they’ve had bad luck and changing their behavior, they tell you they’re going to start speed dating. Twenty dates a night! Surely they’ll have some luck! But the same behavior, 20 times faster, means 20 times the same results — even in marketing strategy. Embarking on a digital transformation can be compared to adopting a speed dating strategy.
You might “meet” a whole lot of prospects a whole lot faster, but if your behavior is product-centric instead of customer-centric, you’ll simply succeed in inoculating a lot more people to your charms a lot faster.
A marketing digital transformation requires deploying, adopting, and coordinating the technologies and programs to enable you to communicate digital content over digital channels with your customers and prospects. The behavior change that must go hand-in-hand with digital transformation is that of becoming customer-centric in how you engage, and the content with which you engage.
Why Customer Experience Drives Success
Take Uber and Lyft, for example. Cars with drivers still take you from A to B in exchange for money. So it’s the same service as regular taxis, right? Wrong. If all Lyft or Uber did was enable you to digitally order up a cab with your smartphone, it really wouldn’t have changed the customer experience. But Lyft and Uber disrupted the transportation industry by changing the ordering, the visual tracking of the vehicle, the payment, the tipping and the rating of the drivers. They changed the entire customer experience, and ultimately bankrupted the Yellow Cab Company. These weren’t direct outcomes of a digital transformation; they were the outcomes of building a business that put customer experience first. Digital transformation was a means to that end.
The point is that we need to embark on a digital transformation and decide the aspects of it we wish to prioritize, based on the customer experience we want to achieve and the behaviors of our company we therefore need to support. And if you thought deploying digital technology was hard, try changing behaviors!
Pop Quiz: Are You Customer or Product-Centric?
How do you know if your customer-perceived behavior is customer-centric or product-centric? Here’s the pop quiz:
- Is your website organized primarily by product/services/solutions?
- Does your site include more pictures of products or satisfied customers?
- Does your 1-800 number ring through to a phone tree or a human being?
- Can the service rep see your entire customer record while on the phone?
- Do you have a preference center?
- Do you segment your communications based on where people are in their buying journey?
- Do you use personas for segmentation?
- Do you plan and develop content based on personas and prospect information needs at each stage of the customer buying journey?
- Can your sales development reps (SDRs) and sales reps see all of the digital interactions prospects have had with your company?
- Does marketing have a defined role in the onboarding of new customers?
- Do you identify and treat loyal customers differently?
- Do you have reports and dashboards that measure marketing performance after the close, including onboarding, adoption, value delivery, loyalty and advocacy?
- Do you have an executive responsible for customer experience?
- Do you measure the quality of customer experiences other than by revenue?
This list should make it clear that getting to great customer experiences is much more complicated than fiddling with GUIs. It is a company-wide initiative, where marketing has a leading role. Marketing’s job is to help customers and prospects buy more by delivering great customer experiences in all stages of the buying journey.
WARNING: There will be plenty of resistance to this behavior change.
Embrace Customer Intimacy
Twenty years ago, I spoke with the CIO of one of the largest video store chains in NA. I asked him why they didn’t cut a deal with the USPS to allow customers to return the videos for free via mail, because they had sturdy plastic cases with the store address on them. His response was that a majority of their profit came from “late returns,” so they didn’t want to change it. I shared with him that a profitability model predicated on a bad customer experience would not end well. Today, all 6,000 stores are closed.
So don’t be one of those firms that thinks deploying a marketing automation platform or email platform empowers you to spam 100,000 people with one click. Don’t dream that if you build a product- centric website “they will come.” Don’t inject yourself into social media conversations with self-promoting materials. Don’t believe that marketing technologies are narrowly focused lead generation.
Instead, decide what improvements you can make to the customer experience this year, and plan changes to your behaviors in marketing, sales, support, operations and finance. That will drive the digital transformation requirements and priorities and prove that blindly deploying martech will not lead to better dates.
Kevin Joyce is VP of strategy services for The Pedowitz Group. He's a marketing executive with 34 years of experience in high tech, in positions in engineering, marketing, and sales. In the past 16 years Mr. Joyce has worked with many companies on their revenue marketing and demand generation strategies. With a unique combination of marketing skills and sales experience he helps bridge the gap between sales and marketing.
Mr. Joyce has successfully launched numerous products and services as a Director of Product Marketing at Sequent, as a Director of Sales at IBM, as Vice President of Marketing at Unicru, and as CEO at Rubicon Marketing Group. He has been VP of Marketing Strategy with the Pedowitz Group for more than six years. He holds a BS in Engineering from the University of Limerick, Ireland and a MBA from the University of Portland. Connect with Kevin on LinkedIn or email him at email@example.com. Download TPG’s new white paper: "TPG ONE: A New Approach to the Customer Journey."