Create stellar products by Measuring Customer Satisfaction and Social Media

Post on 02-Dec-2014

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description

More than 90% of new software products will have subscription based pricing. The subscription based pricing works on the model that you pay for the software that you use and the customer will renew the subscription if and only if they are satisfied with the product. The key to reaping the benefits of a subscription based pricing is to keep customers happy. This session will focus on how product managers can measure customer satisfaction and efficiently process feedback on social media (Facebook, Twitter etc.). Product Managers can use this information to make key product decisions. The session will contain - Different metrics to measure satisfaction - Deriving metrics for measuring social media buzz - How to implement a cost effective program for continuous satisfaction measurement - Making social media feedback actionable beyond the buzz - Best practices in communicating satisfaction metrics to executives to create actionable recommendations At the end of the session, the attendee will be able to understand the right metrics to measure satisfaction and show tangible benefits to revenue via higher renewal rates.

transcript

Create Stellar Products by Measuring Customer Satisfaction and Social Media

Dutta Satadipdutta@mba.berkeley.edu

Dutta Satadip• Product Operations, Advertiser Products,

Google– Leadership roles in Product Management, Marketing,

Consulting and Engineering

– 10 + different enterprise software products with over 20+ end to end product lifecycles

– Global business development & execution in Europe (Czech Republic, Italy, Spain, UK, Germany) & Asia ( India, Viet Nam, Israel)

– MBA, Haas School of Business, UC Berkeley with background in Computer Science

• Board of Directors, National Hemophilia Foundation, New York• Markettools, HP, SAP• Avid traveler, over 25 countries with aspirations to double that

number

Why

Measure?

saas | cloud

satisfaction = renewals

sales process

satisfaction= quality references = quicker sales

How to

Measure?

survey social media

existing potential

1 get customer context

surv

ey

2 quantify interest

surv

ey

3 capture drivers

surv

ey

don't forget

no more than 10 questions10 point scales single page

surv

ey

don't forget

target the social media sourcescontinuous monitoring

soci

al m

edia

What to

Measure?

statistics based metrics

surv

ey

customer satisfaction models

statistics

overall satisfaction

top/bottom % = Σ rating score/Σ respondents

= Σ top rating score/Σ respondents

customer satisfaction models

net promoter scorekey driver analysis apostle model

net promoter score

= %promoters - %detractors

detractors = % rated 6 or below promoters= % rated 10 or 9

key driver analysis

soci

al m

edia

themessentimentshare of voicereach

themes

share of voice

Show

Roi

roi examples

satisfaction :: renewalssatisfaction :: upsell

renewals

satisfaction = NPSrenewals = # of deals renewed

resourcessurvey: zoomerang

social monitoring: socialmention, radian6 satisfaction models: markettools, vovici,satmetrix

contactwww.linkedin.com/in/duttas

dutta@mba.berkeley.edu