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Customer Relationship
                Innovation
                                        for the
                      Emergent Social
                        Business

Brian	
  Vellmure	
  
Ini-um	
  LLC	
  /	
  Innovantage	
  

h6p://www.brianvellmure.com	
  
h6p://www.twi6er.com/BrianVellmure	
  
Surveying a Changing Landscape




Brian	
  Vellmure	
  	
  	
  	
  h6p://www.brianvellmure.com	
  	
  	
  	
  @BrianVellmure	
  
Brian Vellmure   http://www.brianvellmure.com   @BrianVellmure
Brian Vellmure       http://www.brianvellmure.com   @BrianVellmure
                                                                                  LinkedIn	
  InMaps	
  
The Expansion of the Social Web
Brian Vellmure   http://www.brianvellmure.com   @BrianVellmure
Increased Connectedness
The Digitization of Everything




Portrait	
  by	
  	
  
Popeye	
  Francom	
  
Brian Vellmure   http://www.brianvellmure.com   @BrianVellmure
8	
  
Price/Performance Doubling every 18 months




                                   Source:	
  Ray	
  Kurzweil	
  
Memes and information spread with unprecedented
     Reach & Speed


Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Who is the Social Customer?




Brian	
  Vellmure	
  	
  	
  	
  h6p://www.brianvellmure.com	
  	
  	
  	
  @BrianVellmure	
  
Brian Vellmure
 Connected. Savvy. Demanding.




                                                     http://www.brianvellmure.com
                                                     @BrianVellmure
with access to                            about…
your company, products, services, people, partners
Brian	
  Vellmure	
  	
  	
  	
  h6p://www.brianvellmure.com	
  	
  	
  	
  @BrianVellmure	
  
Brian Vellmure                    http://www.brianvellmure.com   @BrianVellmure
It’s	
  not	
  just	
  customers	
  
Brian Vellmure   http://www.brianvellmure.com   @BrianVellmure
Brian Vellmure
                                                                    http://www.brianvellmure.com
                              90% of B2B Buyers
                              say when they’re
 93% of B2B buyers use        ready to buy…




                                                                    @BrianVellmure
 search to begin the buying
 process                      THEY’LL FIND YOU
Source:	
  Marketo	
  
                               Source:	
  DemandGen	
  Report	
  
70% of a typical buying process is completed
    before a sales person gets involved




 Source: Sirius Decisions



                                                                                                          Photo	
  courtesy	
  of	
  freefoto.com	
  


Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Today’s B2B Buyer Profile




                                                                                                                                     Brian Vellmure
                                                                                                                                     http://www.brianvellmure.com
                                                                                                                                     @BrianVellmure
Source:	
  DemandGen	
  
Breaking	
  Out	
  of	
  the	
  Funnel:	
  A	
  look	
  inside	
  the	
  mind	
  of	
  the	
  New	
  GeneraKon	
  B2B	
  Buyer	
  
Social Customers Talk
            The typical American mentions specific
            brand names 60 times per week in online
            and offline conversations.
                                                           Source: WOMMA




                           Brian	
  Vellmure	
  	
  	
  	
  	
  	
  	
  h6p://www.brianvellmure.com	
  	
  	
  	
  
Customers are       … and they’ll
  aggressively       pay a premium for it
searching for help




 With their wallet      And their Mouth
Ladies and Gentlemen…
                   The Social Customer Profile
                     • Generally	
  distrus@ul	
  of	
  media	
  and	
  businesses	
  

                     • Do	
  things	
  on	
  their	
  terms,	
  discontent	
  with	
  what	
  corporate	
  	
  
                     Status	
  quo	
  is	
  offering	
  them	
  	
  

                     • They’ll	
  find	
  who	
  and	
  what	
  they	
  need,	
  when	
  they	
  need	
  it,	
  	
  
                     from	
  where	
  they	
  are	
  

                     • Connected	
  and	
  Vocal;	
  leveraging,	
  learning	
  from	
  and	
  	
  
                     helping	
  their	
  immediate	
  and	
  extended	
  peer	
  group	
  	
  

                     • They	
  extend	
  the	
  most	
  trust	
  to	
  respected	
  experts	
  	
  

                     • Ready	
  to	
  hyper	
  reward	
  and	
  promote	
  those	
  that	
  stand	
  out	
  

                     • Ready	
  to	
  abandon	
  and	
  destroy	
  those	
  that	
  disappoint	
  


           Brian	
  Vellmure	
  	
  	
  	
  h6p://www.brianvellmure.com	
  	
  	
  	
  @BrianVellmure	
  
Implications for your
                Customer Relationship Strategy




Brian	
  Vellmure	
  	
  	
  	
  h6p://www.brianvellmure.com	
  	
  	
  	
  @BrianVellmure	
  
Knowing your Customer is a Must




      “Most, if not all, senior executives assert they want to understand their
        customers better. Indeed, in our last CEO study, 88 percent of business
        leaders — and an astounding 95 percent of those heading the most
        successful organizations — said getting closer to their customers
        was the top priority for realizing their strategy over the next five years.
Source:“CapitalizingonComplexity:InsightsfromtheGlobalChiefExecutiveOfficerStudy.” IBM Institute for Business Value. May 2010.   Image Credit: Peter Cho, NYT magazine
Brian Vellmure       http://www.brianvellmure.com   @BrianVellmure
Increased Mandate to Listen, Learn, Respond
Customers
                                                                                              need you to
                                                                                              understand
                                                                                              what they are
                                                                                              trying to achieve




Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Useful = Attention Magnet




                                                           Attention




Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Customer
           Interaction
          has evolved…

             FROM
         “One to Many”

               TO
           “One to One”

          TO
 “One to One to Many”
                         &
 “One to Many to One”

Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Customer Profiles will also evolve



                                                                    CLV (Customer Lifetime Value)

                                                             + CRV (Customer Referral Value)
                                                             + CIV (Customer Influence Value)
                                                             + CKV (Customer Knowledge Value)
                                                               _______________________________________

                                                               Customer Engagement Value

  Undervalued or Overvalued Customers: Capturing Total Customer Engagement Value
  V. Kumar, LerzanAksoy, Bas Donkers, RajkumarVenkatesan, Thorsten Wiesel and Sebastian Tillmanns
A Marketing Mindset for the Social Era
•  Understand the Buyer’s Journey
•  Blow them away – create something Remarkable
    – For every stage
    – For the most relevant channel
•  Gain Permission – earn Trust
•  Be Genuine and Transparent
•  Be Unique
•  Make it Shareable
•  Invite them to continue the journey with you &
   Tell a Friend – Tell the World

Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Increased Connection
Increased Expectations




                                                                            Brian Vellmure
Increased Opportunities




                                                                            http://www.brianvellmure.com
Our customers will continue
  to reveal more and more     This	
  presents	
  a	
  
  about themselves in an      tremendous	
  opportunity	
  	
  
  unstructured manner         for	
  organizaKons	
  who	
  	
  




                                                                            @BrianVellmure
                              have	
  the	
  ability	
  and	
  desire	
  
                              to	
  listen,	
  understand,	
  	
  
                              and	
  respond	
  with	
  	
  
                              something	
  that	
  resonates	
  
Key Takeaways and Action Items




Brian	
  Vellmure	
  	
  	
  	
  h6p://www.brianvellmure.com	
  	
  	
  	
  @BrianVellmure	
  
Be Found


Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Stand out and be Hyper-Rewarded




Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Listen to and Leverage
                                 Market Conversations




Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Use advanced analytics and
                                richer customer profiles
                               for competitive advantage



Brian	
  Vellmure	
  	
  	
   	
     	
     	
  	
  h6p://www.brianvellmure.com	
  	
  	
     	
     	
  @BrianVellmure	
  
Let’s continue the
                      conversation!



Brian	
  Vellmure	
  
Ini-um	
  LLC	
  /	
  Innovantage	
  

h6p://www.brianvellmure.com	
  
h6p://www.twi6er.com/BrianVellmure	
  

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Customer Relationship Innovation for the Emergent Social Business

  • 1. Customer Relationship Innovation for the Emergent Social Business Brian  Vellmure   Ini-um  LLC  /  Innovantage   h6p://www.brianvellmure.com   h6p://www.twi6er.com/BrianVellmure  
  • 2. Surveying a Changing Landscape Brian  Vellmure        h6p://www.brianvellmure.com        @BrianVellmure  
  • 3. Brian Vellmure http://www.brianvellmure.com @BrianVellmure
  • 4. Brian Vellmure http://www.brianvellmure.com @BrianVellmure LinkedIn  InMaps   The Expansion of the Social Web
  • 5. Brian Vellmure http://www.brianvellmure.com @BrianVellmure Increased Connectedness
  • 6. The Digitization of Everything Portrait  by     Popeye  Francom  
  • 7. Brian Vellmure http://www.brianvellmure.com @BrianVellmure
  • 9. Price/Performance Doubling every 18 months Source:  Ray  Kurzweil  
  • 10. Memes and information spread with unprecedented Reach & Speed Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 11. Who is the Social Customer? Brian  Vellmure        h6p://www.brianvellmure.com        @BrianVellmure  
  • 12. Brian Vellmure Connected. Savvy. Demanding. http://www.brianvellmure.com @BrianVellmure with access to about… your company, products, services, people, partners
  • 13. Brian  Vellmure        h6p://www.brianvellmure.com        @BrianVellmure  
  • 14. Brian Vellmure http://www.brianvellmure.com @BrianVellmure It’s  not  just  customers  
  • 15. Brian Vellmure http://www.brianvellmure.com @BrianVellmure
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21. Brian Vellmure http://www.brianvellmure.com 90% of B2B Buyers say when they’re 93% of B2B buyers use ready to buy… @BrianVellmure search to begin the buying process THEY’LL FIND YOU Source:  Marketo   Source:  DemandGen  Report  
  • 22.
  • 23. 70% of a typical buying process is completed before a sales person gets involved Source: Sirius Decisions Photo  courtesy  of  freefoto.com   Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 24. Today’s B2B Buyer Profile Brian Vellmure http://www.brianvellmure.com @BrianVellmure Source:  DemandGen   Breaking  Out  of  the  Funnel:  A  look  inside  the  mind  of  the  New  GeneraKon  B2B  Buyer  
  • 25. Social Customers Talk The typical American mentions specific brand names 60 times per week in online and offline conversations. Source: WOMMA Brian  Vellmure              h6p://www.brianvellmure.com        
  • 26. Customers are … and they’ll aggressively pay a premium for it searching for help With their wallet And their Mouth
  • 27.
  • 28.
  • 29. Ladies and Gentlemen… The Social Customer Profile • Generally  distrus@ul  of  media  and  businesses   • Do  things  on  their  terms,  discontent  with  what  corporate     Status  quo  is  offering  them     • They’ll  find  who  and  what  they  need,  when  they  need  it,     from  where  they  are   • Connected  and  Vocal;  leveraging,  learning  from  and     helping  their  immediate  and  extended  peer  group     • They  extend  the  most  trust  to  respected  experts     • Ready  to  hyper  reward  and  promote  those  that  stand  out   • Ready  to  abandon  and  destroy  those  that  disappoint   Brian  Vellmure        h6p://www.brianvellmure.com        @BrianVellmure  
  • 30. Implications for your Customer Relationship Strategy Brian  Vellmure        h6p://www.brianvellmure.com        @BrianVellmure  
  • 31. Knowing your Customer is a Must “Most, if not all, senior executives assert they want to understand their customers better. Indeed, in our last CEO study, 88 percent of business leaders — and an astounding 95 percent of those heading the most successful organizations — said getting closer to their customers was the top priority for realizing their strategy over the next five years. Source:“CapitalizingonComplexity:InsightsfromtheGlobalChiefExecutiveOfficerStudy.” IBM Institute for Business Value. May 2010. Image Credit: Peter Cho, NYT magazine
  • 32. Brian Vellmure http://www.brianvellmure.com @BrianVellmure Increased Mandate to Listen, Learn, Respond
  • 33. Customers need you to understand what they are trying to achieve Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 34. Useful = Attention Magnet Attention Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 35. Customer Interaction has evolved… FROM “One to Many” TO “One to One” TO “One to One to Many” & “One to Many to One” Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 36. Customer Profiles will also evolve CLV (Customer Lifetime Value) + CRV (Customer Referral Value) + CIV (Customer Influence Value) + CKV (Customer Knowledge Value) _______________________________________ Customer Engagement Value Undervalued or Overvalued Customers: Capturing Total Customer Engagement Value V. Kumar, LerzanAksoy, Bas Donkers, RajkumarVenkatesan, Thorsten Wiesel and Sebastian Tillmanns
  • 37. A Marketing Mindset for the Social Era •  Understand the Buyer’s Journey •  Blow them away – create something Remarkable – For every stage – For the most relevant channel •  Gain Permission – earn Trust •  Be Genuine and Transparent •  Be Unique •  Make it Shareable •  Invite them to continue the journey with you & Tell a Friend – Tell the World Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 38. Increased Connection Increased Expectations Brian Vellmure Increased Opportunities http://www.brianvellmure.com Our customers will continue to reveal more and more This  presents  a   about themselves in an tremendous  opportunity     unstructured manner for  organizaKons  who     @BrianVellmure have  the  ability  and  desire   to  listen,  understand,     and  respond  with     something  that  resonates  
  • 39. Key Takeaways and Action Items Brian  Vellmure        h6p://www.brianvellmure.com        @BrianVellmure  
  • 40. Be Found Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 41. Stand out and be Hyper-Rewarded Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 42. Listen to and Leverage Market Conversations Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 43. Use advanced analytics and richer customer profiles for competitive advantage Brian  Vellmure              h6p://www.brianvellmure.com          @BrianVellmure  
  • 44. Let’s continue the conversation! Brian  Vellmure   Ini-um  LLC  /  Innovantage   h6p://www.brianvellmure.com   h6p://www.twi6er.com/BrianVellmure