How To: Build loyalty through customer engagement

B2b marketingGavin Finn, President and CEO, Kaon Interactive, presents three ways to better engage your customers

As B2B customers’ purchasing choices have expanded, their expectations have increased, and brand loyalty has sharply declined. Connecting with customers is no longer about the product, nor is it sufficient to rely on a sales relationship or the company’s marketing communications and messaging.

To acquire, delight and retain customers, companies have to think and act in a more strategic way. The most effective strategy for building loyalty in your customer base is to develop a relationship that’s based on engagement, and optimizes each customer interaction. Rather than broadcasting messages to the entire customer base, companies should create a culture of dialogue and interaction. Engagement is all about a bidirectional interaction, wherein the customer is not a passive recipient of information, but rather plays an active role by asking questions, driving the direction of the discussion, and deciding when and where to dive into details. When customers are actively involved, their loyalty to your company and products intensifies because they feel an emotional connection – and it is the combination of this emotional connection together with the analytical evaluation of products that drives purchasing decisions.

Here are three ways to engage your customers better:

1. Start engaging before they become customers

As people do their own research prior to engaging with individuals from your company, make it easy for them to find interactive experiences that help them learn even more about your business, products and differentiated value. These experiences differ from traditional web pages, videos, PDF documents and slide presentations in one fundamental way – they involve the user (prospect) in the process of information transfer, rather than ‘telling’. When prospects find interactive experiences online, and offline at face-to-face events, they are more likely to spend increased amounts of time with these experiences than they would by simply reading a document or watching a video. As they spend additional time, they will absorb more of the relevant knowledge they need to understand your solution and how it may apply to their specific needs. The process of interacting allows them to select areas of interest and depth of detail that will help them discover important and useful knowledge needed to solve their problems. This will predispose them to building a more in-depth relationship with your company, because they will already understand the primary factors required for them to move further along their buyer’s journey with you.

2. Deliver engaging experiences that have sensory, emotional and intellectual dimensions

When people are truly engaged, they are stimulated in three ways at the same time. They are doing something (such as touching a screen, manipulating a joystick, etc.) that is sensory, which means there is a tactile and visual activity. They are feeling something, which usually includes having fun, perhaps a little fear, surprise, and sometimes even anger. This emotion builds a visceral connection to the experience. The third dimension is intellectual – they are learning something. This is the transfer of useful information that is new to the user and is what distinguishes a truly engaging customer experience from, say, playing a video game. The combination of these three building blocks of the experience (sensory, emotional, and intellectual) are essential to delivering a long-lasting result that has a meaningful impact on decision-making.

3. Stop presenting

One of the least effective forms of persuasion, and paradoxically the most common sales method, is to talk to the audience, instead of with the audience. As sales people have become almost Pavlovian in their reliance on slide presentations during sales meetings, so too have customers and prospects developed aversions to these kinds of meetings. There are many good reasons for this circumstance, including the fact presentations are often boring when the presenter (sales person) is doing all the talking, and there are innumerable slides with lots of words. Realistically, the customers can usually read that material themselves. So, what should be done? First, turn the meeting into an interactive dialogue that engages the customer and makes them an active participant. Second, when using presentation tools, make them visual interactive experiences with the customer driving, rather than text-based slides. The exact same information can be delivered, but because it is a visual experience (rather than just reading) and the customer is in control, they will remember more and the meeting will be much more likely to achieve its intended result.

Delivering engaging experiences to customers at every touch point is transformative. Customers become more informed (because the engagement was more effective) and they become much more likely to buy (because they have understood your true value though an in-depth engaging experience). Fully engaged customers are emotionally attached and rationally loyal. This results in an increased share of wallet, and significantly higher lifetime customer value.

-Original article posted on B2B Marketing.

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Kaon 3D Provides More Flexibility for Cisco

photo 1 (2)When Cisco was looking to launch the VersaStack, an integrated collaboration between IBM and Cisco at VMWorld in August 2015, they wanted to make a big impact. First, they had a problem they needed to solve. They only had one full-scale demo built out to take to shows.

A. J. Ramsey, Global IBM Partner Marketing Manager for Cisco, described the demo unit as a “beast of a box” that was expensive and difficult to ship around. On top of that, only larger venues and events could handle the power and size requirements to display the fully functional demo unit.

Cisco partnered with Kaon Interactive to create the Kaon v-Rack, an interactive 3D product demonstration.

The Kaon v-Rack is an immersive experience that provides Cisco’s sales engineers with a tool that is even better at demonstrating the VersaStack’s capabilities than the actual physical equipment.

Ramsey said that the sales engineers like using the Kaon v-Rack because it is easier to use when conducting technical discussions. They can drill down to line diagrams, show switches, and pull out and spin around components. Details they cannot showcase on the physical box.

Not only is the Kaon v-Rack more flexible to demo, but it is also easier to transport, set up and configure.

“The Kaon unit adds to the number of venues where we can have a physical presence,” Ramsey said. “Not just conferences, but maybe it’s some type of big meeting where you want to show a demo.”

The system also adds the ability to run a representation of the full 3D version on a laptop or tablet, so sales reps can take it with them to meetings, expanding even further environments where Cisco can do demos.

Building the physical rack is expensive. Cisco has to buy the components, build it, house it, and ship it. Those racks also have a limited shelf life of about three years before they have to start over.

Ramsey says the Kaon units are more flexible, less expensive, and easy to keep current. In many cases, the Kaon v-Rack is more current than the physical boxes. No matter where is team is located around the globe, they know they have the latest version available. Moreover, it is not just Cisco, IBM has access to the very same resources, and so the two companies are always in synch.

Gavin Finn, CEO of Kaon Interactive, says the lead-time to implement their system is about six to eight weeks and four to six weeks for complex updates after that.

While Finn said that most their customers use the Kaon device less as a presentation tool and more as an engagement tool – that is the customer doing the interaction themselves while talking to a booth staffer, Ramsey’s team expands on that use.

Ramsey recently was in Las Vegas at IBM InterConnect 2016, where they positioned the Kaon unit so it was facing out into the aisles.

He said that when customers would start to engage with the Kaon v-Rack, a sales rep would walk over to engage them in conversation. Alternatively, if customers came into the booth to ask questions, the rep would take them to the v-Rack and start walking them through.

A 3D demo alternative is not just a solution for IT solution providers. The Kaon platform is also being widely used in the medical/scientific and industrial manufacturing industries by companies such as Thermo Fisher Scientific, GE, Fujitsu, and Schneider Electric.

There will always be buyers that want to see that “beast of a machine” and Ramsey said he understands that so they do still ship the physical VersaStack to larger shows.

“At times, it’s nice to have a physical rack, but [the Kaon v-Rack] is a tenth of the cost to get around,” he added.

– See more at: TSNN

 

 

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Stop presenting- Start engaging!

presentingengaging

Here is an “inconvenient truth” that all sales and marketing professionals need to understand immediately: No-one wants to sit through a presentation on your products and services. Just stop doing that.

At a meeting in December of 2015, the Director of Sales Operations at a Fortune 500 industrial manufacturing company literally banged his hand on the conference room table and said (loudly) to the Chief Marketing Officer and the VP of Global Marketing: “The sales guys need better slide decks from Marketing – the current versions just don’t convey the message well!”   Watching the reaction of the two executives was telling. Neither of them spoke for at least 30 seconds, and then the CMO asked: “Is that why sales declined this last year?” Silence all around.

My question to this (clearly exasperated) team was: “What do your prospects need to know in order to better understand why your products are better for them?  And let’s think about what the best approach might be to convey this knowledge to them.”

The two primary considerations that should be the focus of sales and marketing teams for companies that have complex solutions are:

  1. What are the most important differentiated value propositions that our prospects need to understand so that they will be better informed and will make the best buying decisions?
  2. How can the customer uncover these value propositions quickly and easilyevery time they encounter content or people from our company?

Even if the sales team suddenly became experts at crisply articulating the company’s differentiated value proposition it still wouldn’t provide the knowledge that customers needed in those situations when the sales person was not present.And we know that the customer is actively progressing through the vast majority of the purchasing cycle (or customer journey) without the vendors.

The answer is to provide interactive engagement for the prospect at every touch-point, so that customers are interacting (not just watching a video, or reading a brochure) in order to ask questions, obtain relevant answers, and navigate through their problem-solving journey at their own pace. This requires interactive digital engagement tools at every venue in which prospects encounter the company: online, at trade shows, webinars, events, and even sales meetings.

No more sales presentations – these have gone the way of the printed brochure. The most effective way to transfer relevant knowledge to the prospect is to engage them directly in the discovery of this information themselves. Interactive applications are the most successful vehicle through which your prospects learn about your competitive differentiation, and retain this information when it comes time for them to make buying decisions.

Originally posted by Gavin Finn on LinkedIn.

 

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