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Impact Weekly

Beyond Revenue: Uncovering the True Value of Your Customers

Apr 25, 2024
30:48

Our Impact Academy Head of CS: How to Scale training starts May 6, 2024. Learn more and sign-up here:
https://www.impactdemy.com/courses/head-of-customer-success-how-to-scale-may-eu

ON TODAY'S EPISODE:
Dive deep into the multifaceted ways businesses can measure customer value beyond just annual recurring revenue. In this episode of Impact Weekly, Johan and Lincoln discuss various dimensions of customer value that encompass strategic importance, potential growth, and advocacy, enhancing how businesses can view and leverage their customer relationships for long-term success.

THIS WEEK'S QUESTION:
"Apart from ARR, what other factors should we consider to gauge the value of our customers given our current focus is solely on ARR?"

TOPICS BEING ADDRESSED:

  • Exploring the concept of 'Customer-level Value' — understanding success potential, ARR growth possibilities, and strategic customer roles.
  • The importance of 'TAM Expansion' by entering new markets, discovering new use cases, and identifying profitable customer segments.
  • How 'Company Strategy' aligns with customer input to drive product development and recognizes the importance of early adopters and domain experts.

QUOTES:
Lincoln Murphy (08:02): “Customer value extends beyond ARR—it’s about potential, advocacy, and strategic alignment.”

Johan Nilsson (15:37): “Identifying customers that can drive our product roadmap is crucial; these are often your early adopters or domain experts.”

Lincoln Murphy (22:45): “Success isn’t just about the revenue a customer brings, but also about their strategic importance and the social proof they provide.”

Johan Nilsson (25:59): “Expanding into new markets or verticals isn't just growth; it’s about understanding where our customers can lead us.”

Lincoln Murphy (29:23): “The best customer relationships are those where there’s a clear alignment between their success and the ARR they generate.”

Do you want more of this? Check out Impact Academy for interactive Customer Success training programs. https://www.impactdemy.com/

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