customer journey officer – the new cmo | michael lazerow – chief strategy officer, salesforce...
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Surprising and delighting your customers is foundational to marketing, but focusing only on campaigns to achieve this can create disconnect with customers. Companies must make the most out of every customer interaction by transforming single moments into personalized journeys. The CMO is now the Customer Journey Officer, whose role is to define and optimize the customer journeys across ALL touch points – marketing, sales, service & product experience.TRANSCRIPT
CUSTOMER JOURNEY OFFICER - THE NEW CMO
Michael Lazerow
Chief Strategy Officer
@lazerow
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statements concerning new, planned, or upgraded services or technology developments and customer contracts or use of our services.
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THANK YOU!
#1Salesforce:
World’s #1 CRMCloud Computing Market Share
#1World’s Most Innovative Company2011, 2012, 2013
#1
Market Leader:
Enterprise, MidMarket,
SMB & Sales Force
Automation
#1
#1 in Cloud Computing and CRM
1%
Time Equity
Product
624,000+Hours
Service
$65M+Grants
22,000+Non-profit
Organizations
1/1/1 Model
Adopted by
LAN/WAN
Client
Server
Millions
SNA
Mainframe
Terminal
Thousands
LTE
Cloud
Social . Mobile . Cloud . Connected
50 Billion Connected “Things”THIRD WAVE OF COMPUTING:
“INTERNET OF THINGS”
46%
increase in mobile
commerce
35%
of online traffic
30%
of purchases
HOLIDAY SHOPPING Q4 2013 VS PRIOR YEAR
E-Commerce Pulse data for the 2013 holiday seasonIBM Digital Analytics Benchmark (10/1/13 through 12/31/13), Jan. 2, 2014.
MOBILE ALMOST AS UBIQUITOUS AS TV% of
Population
Global Users (MMs)
SOURCE: Mary Meeker Internet Trends 2014
MOBILE IS NOT JUST AN ENTERTAINMENT DEVICE!
New York-RenoAugust 1, 2013
New York-RenoAugust 1, 2013
THE SWISS ARMY KNIFE FOR MODERN LIFE
% of time
spent in
mobile
SOURCE: Flurry Analytics, April 2014.
A GAME CONSOLE IN YOUR POCKET
SOURCE: Flurry Analytics, April 2014.
Time spent on iOS and Android devices
Gaming 32%
A PARTY IN YOUR POCKET
SOURCE: Flurry Analytics, April 2014.
Time spent on iOS and Android devices
Social apps 28%
Gaming 32%
THE RAPID RISE OF THE MOBILE ADDICT
SOURCE: Flurry Analytics, April 2014.
Worldwide daily app usage distribution (Millions)
Regular Users
Super
Users
THE RAPID RISE OF THE MOBILE ADDICT
SOURCE: Flurry Analytics, April 2014.
Worldwide daily app usage distribution (Millions)
Regular Users
Super
Users
THE RAPID RISE OF THE MOBILE ADDICT
SOURCE: Flurry Analytics, April 2014.
Worldwide daily app usage distribution (Millions)
Regular Users
Super
Users Addicts
WOMEN OVER INDEX AS “MOBILE ADDICTS”
SOURCE: Flurry Analytics, April 2014.
Mobile Addicts vs. Average Mobile Users (by
Gender)
Average
Mobile
User
Males
Female
s
THE BATTLE FOR THE MOBILE ADDICT IS ON
SOURCE: Flurry Analytics, April 2014.
Mobile Addicts vs. Average Mobile Users
Femal
esSports fan
Gamer
Parent &
education
Moms
THE BATTLE FOR THE MOBILE ADDICT IS ON
SOURCE: Flurry Analytics, April 2014.
Mobile Addicts vs. Average Mobile Users
MalesFemal
esSports fan
Gamer
Parent &
education
Moms
Gamer
Parent &
educationAuto
enthusiast
Catalogue
shopper
YET MARKETERS JUST STARTING TO “MOBILIZE”
Global Users (MMs)
SOURCE: Mary Meeker Internet Trends 2014
% of time spent in media vs % of advertising spend
WELCOME TO THE REWIRING OF MARKETING
Internet of Customers Has Changed Marketing Forever
Consumer
Fragmented 1:Many Anonymous
Customer
Seamless 1:1 True identity
Internet of Customers Has Changed Marketing Forever
Consumer
Fragmented 1:Many Anonymous
Customer
Seamless 1:1 True identity
Cookies & Pages People & Connected Products
WELCOME TO THE REWIRING OF GLOBAL BUSINESS
WELCOME TO THE REWIRING OF GLOBAL BUSINESS (AND THE CUSTOMER IS AT THE CENTER!)
Buzzfeed
• 130MM UVs (3X Y/Y)
• 50%+ mobile
• 75% social
• 50%+ age 18-34
• $100MM+ revs
SOURCE: Mary Meeker Internet Trends 2014
News
Sky Does Minecraft
• 10MM subscribers
• 2B views
• Zero overhead
• Direct relationship with
customers and brands
Entertainment
Uber
• 43% of population now
served in just 4 years
• 20,000 jobs created every
month
• $90,766 (NYC) median
income
• Contributes $2.8B/yr to U.S.
economy
• $18.2B valuation
Transportation
SOURCE: Uber blog (http://blog.uber.com/uberimpact)
IT’S DIFFICULT.
SOURCE: Exact Target Marketing Cloud / Deloitte “Bridging the Digital Divide” report. April 2014.
of companies lack an
in-depth
understanding of their
customers
IBM Study of 1,700 CMOs
“From Stretched to Strengthened”
MOST COMPANIES
FEEL UNPREPARED
66%
SOURCE: REDITT, The Illusion of Choice.)
Do you know your customers?
#1
Do you know where they are in their journey?
#2
Do you have a strategy to move them along in their journey?
#3
Are you able to measure the business impact?
#4
THE CMO IS NOW THE CUSTOMER JOURNEY OFFICER!
Job description
To define and optimize the
customer journeys across ALL
touch points – marketing,
sales, service & product
experience.
Do you know your customer?
Do you know where they are in their journey?
Do you know the next step for customer?
Can you measure the business impact?
Meet the Customer Journey Officer
MARKETING IS THE
JOURNEY.
AND THE JOURNEY IS
MARKETING.
THE CUSTOMER
CHOOSES WHEN TO
START THE JOURNEY.
HOW THEY WANT TO
TRAVEL ON THE
JOURNEY WITH YOU.
AND WHEN TO END IT.
AND THEY EXPECT YOU TO BE
THERE EVERY STEP OF THE
WAY – WITH DIRECTIONS,
ASSISTANCE AND
ASSURANCES THAT YOU WILL
BE THERE AFTER THE
PURCHASE.
-Twitter CEO Dick Costolo(1/8/14)
“CRM and advertising are coming together in one-to-one marketing.”
Behind every is a customer. app
device
tweet
sale
app
post
service call
comment
entry
click
MARKETING’S “LAW OF 1”
SIZE OF CUSTOMER
SEGMENTS WILL
CONTINUE TO DECREASE
UNTIL THEY REACH 1.
FUNNELS ARE
THE
AMUSEMENT
PARK CAKES
OF YOUR
MARKETING
DEPARTMENT.
THEY TASTE
GOOD BUT
LEAVE YOUR
MARKETING
DEPARTMENT
SLUGGISH
AND BLOATED.
CUSTOMER EXPERIENCE
MANAGEMENT IS DEAD.
CUSTOMERS AREN’T
MANAGED. CUSTOMERS
MANAGE YOU.
SONY BUILDS A SINGLE VIEW OF THEIR CUSTOMERS
Launched PS4 & player community
Complete visibility into the customer journey
Engaging and publishing relevant content across mobile, social and in-game experience
SONY VIDEO:
HTTPS://WWW.YOUTUBE.COM/WATCH?V=XNHBUUG-
O18
This just in …
Personalized clothing service runs its entire business on mobile
Employee mobile app gives stylists insight into member interest, preferences, and fits
Integrated sales, service & marketing provides unified view of the customer
TRUNK CLUB CONNECTS CUSTOMERS & EMPLOYEES WITH MOBILE APPS
“We’re using technology that enables rich one-to-one relationships. Our entire company is built around making every interaction feel human”- Brian Spaly, CEO
TRUNK CLUB VIDEO:
HTTP://WWW.SALESFORCE.COM/CUSTOMERS/STORIES/
TRUNK-CLUB.JSP
• Largest U.S. Online Job Site: More than 24M users/month
• 24/7 notifications of new positions on mobile devices
• Unified marketing efforts and 1,000+ sales reps
• Report $8M annually ROI from Salesforce efforts
REIMAGINING THE CAREER SITE THROUGH A CUSTOMER-CENTRIC VISION
“To win in today’s marketplace you have to have a centralized consistent experience from every touch point you have with your customers.”
Jamie Womack, VP Corporate Marketing
CAREERBUILDER VIDEO:
HTTPS://WWW.YOUTUBE.COM/WATCH?V=RCPYIFDML20
&LIST=PLHYDWFM-
NBDSD4H6HQPGJFF1IQ4T3BOP8&INDEX=8
CUSTOMERS ARE ON A JOURNEY WITH YOUR BRAND
“We need to better serve our current
customers, and increase our share of wallet.”better serve our current customers
First
Purchase
Repeat
Purchase
Loyal
Customer
Anonymous
Browsers
ACLPV: Average Customer Lifetime Purchase Value
THE PURCHASE IS NOT
THE END OF THE
JOURNEY. IT’S JUST
ANOTHER STOP ON WHAT
YOU HOPE WILL BE A
LONG AND PROFITABLE
JOURNEY.
DATA FUELS THE JOURNEY.
CONTENT IS THE VEHICLE
CUSTOMERS RIDE ON THEIR
JOURNEY WITH YOU.
MICHAEL LAZEROWChief Strategy Officer, Salesforce Marketing
Cloud
@lazerow
salesforce.com