Quick Sprint

  • Understanding 'moments that matter' or touch points between your brand and your customers, and then leveraging this to develop a scalable approach to maintaining a consistent experience, is a huge opportunity to develop a community of loyal brand advocates and high long-term growth.
  • There are three categories of 'moments that matter':
    1. Transactional moments
    2. Engagement moments
    3. Circumstance moments
  • Of these categories, they can have three different sentiments:
    1. Positive
    2. Neutral
    3. Negative 
  • Focus on amplifying the positive moments and mitigating the negative moments.
  • CX is a whole of business approach

Much like Rome, valuable customer relationships aren’t built in a day.

Instead, they’re built over the hundreds of moments where your brand interacts with your customers. 

Each touchpoint provides your brand with an opportunity to build loyalty with your customers and meet your business objectives. 

The first challenge for businesses is identifying which of these moments matter most to each customer, at each point in the customer lifecycle.

Sure, first impressions matter - but for committed customers, so does the seventh, eighth and hundredth impression.   

It’s clear the second challenge is developing a scalable approach to maintaining a consistent experience - especially when 75% of customers desire a consistent experience, regardless of which channel they engage a brand. 

For those that take these challenges seriously, a community of loyal brand advocates and high long-term growth awaits.  

Categorising moments that matter

From our experience, moments can fall into three main categories - transactional, engagement and circumstance. 

  • Transactional moments are interactions resulting in an exchange between a brand and a customer. Often they are quite rational in nature; for example, an Amazon customer making an online purchase. 
  • Engagement moments generally result in the deepening of a relationship between a brand and a customer (if handled well). These are often more emotional in nature; for example, a point of engagement might occur when a customer calls to help resolve an issue, or when a customer demonstrates newly learned behaviour like using a new product feature.
  • Finally, circumstance moments are the interactions in a customer's life that are not directly related to their brand relationship but still have an impact on it, such as turning 25 or having a child, which may affect your health insurance premium.

Across all three categories, each moment can carry a different sentiment - either positive, negative or neutral.

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Categorising key customer moments

Negative moments, while not ideal, presents an opportunity to recognise, acknowledge and mitigate the issue or concern so that any customer friction can be reduced. While your brand may be on the back foot in these moments, the reality is that customers can be most ‘engaged’ when they are most dissatisfied. If handled well, these moments that threaten your business could become a great opportunity to create a lasting positive impression on your customers. 

In highly transactional industries like retail and supermarkets, neutral moments are incredibly common. While these moments still require a lot of effort to maintain their appearance of neutrality, the objective for businesses in these moments is to seek out opportunities to turn ‘business as usual’ into something that delivers value above and beyond established expectations. In these moments, marketers should look for ways to surprise and delight their customers. 

There is a huge opportunity for brands to also make the investment into capitalising on positive moments. Here the objective is to convert the moment from good to great. Amplifying and reinforcing the value or positive encounter someone has just experienced help to reinforce customers of the extra value they’re being rewarded with. 

While every moment your customers interact with your brand is critical to their overall customer experience, depending on the objectives of your business and your customers - not all moments matter as much as each other. 

Once you’ve charted each interaction in the customer journey, categorising them can be helpful for prioritising the moments that are most important to both you and your customers.

Amplifying positive moments 

89% of consumers are more likely to make another purchase after a positive customer experience, so reinforcing these positive customer moments is an important way of building loyalty. Depending on your engagement strategy and resourcing, you can implement high and low-touch amplification strategies. 

Developing your social listening capability is a great low-touch way to amplify positive customer experiences. By integrating listening technology into your social communications, you get notified every time a customer has a positive (or negative) interaction with your brand. 

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French insurance company Direct Assurance demonstrated its investment in the amplification of high-touch positive moments through the launch of the ‘YouDrive’ program. 

By connecting a DriveBox device to customers’ cars, Direct Assurance can record every journey and generate a score after each ride. 

The higher the score, the lower the overall premium. 

While this helps personalise the customer’s quote, it’s also a crucial tool for building relationships with customers, providing the opportunity for Direct Assurance to amplify regular positive moments when customers are rewarded for safe driving. 

Mitigating negative moments

Negative customer experiences are an inevitable part of doing business, but the costs are significant. According to PwC, 32% of consumers will walk away from a brand after just one bad experience. 

However the way your brand responds in these moments are crucial, and if handled correctly, can still lead to a positive outcome. In fact, 78% of consumers will do business with brands that have a great customer experience even after a mistake. 

Services and tune-ups are all part of owning a car, but Tesla’s empathetic approach to their customer experience allows them to leverage the inevitability of these usually inconvenient moments to create a positive experience for their customers. 

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Instead of making customers drive to a mechanic to put their car in for service, Tesla sends a mechanic to the customer’s home. Customers don’t need to worry about the logistics of getting to and from a repair shop and can schedule the fix around their schedule. 

But whether the error was caused by the customer or by your brand, teams need to feel empowered and encouraged to mitigate negative moments for your customers. 

The Ritz-Carlton has famously told their teams that employees are allowed up to $2000 to fix any guest problems - no questions asked. 

So whether a guest forgets their phone charger or has a booking misplaced, employees are encouraged to not only look out for opportunities to mitigate negative customer moments but also empowered to resolve them as well. 

Ritz-Carlton’s upfront investment may seem like a lot, but when it takes twelve positive customer experiences to make up for just one negative experience, Ritz-Carlton has made the smart choice to invest in the long-term loyalty of their customers. 

The return on their investment? 72% of customers will share their good experiences with others - that’s a pretty effective way of turning customers into brand advocates.

Setting your business up for success

Identifying the moments that matter most for the customers is just the first step. Building a consistent experience across each of these moments is where the challenge lies. 

Leveraging the capabilities of your entire business organisation and the full power of the right technology solution is paramount for being able to create this consistent experience at scale. 

CX is a whole-of-business approach

According to PwC, 40% of surveyed practitioners believe that ‘lack of ownership’ is one of the biggest challenges facing CX today.

Whether it’s a misalignment of priorities or a difference in the definition of what CX means for the business, it’s important that all business functions are united in their customer experience efforts. 

Through collaboration, clear lines of ownership and sufficient resourcing - teams need to feel empowered to work together to maintain good customer and consistent relationships with their customers. 

Sentiment Tracking 

Sentiment tracking is a great way for organisations to get a view of how customers feel about their brand at every stage of the customer lifecycle.

Paired with rational action-based insights such as dwell time, purchase history, and abandon cart metrics - a rich understanding of customer behaviour can be tracked and modelled for future optimisation.

Next Best Action 

Next Best Action is the process by which technology can be utilised to help customer-facing practitioners make suitable next-step decisions based on insights, customer data and feedback. 

These predictive analytics can help your team proactively engage customers in critical moments and create personalised customer experiences in real-time.  

Don't miss the moment!

Every moment with your customers is absolutely critical. 

We’re committed to helping our clients and business leaders like yourself make the most of these moments that matter. 

Get in touch today. 

References

  1. Multiple Authors,  State of the Connected Customer - 4th Edition, (2020), Salesforce
  2. Qualtrics Research,  11 examples of companies delivering good customer service, (2022), Qualtrics
  3. Tom Puthiyamadam & José Reyes, Experience is everything: Here's how to get it right, (2018), PWC.
  4. Glance Research, Counting the Customer: The Complete Guide to Customer Care, (2015), Glance. 
  5. Multiple Authors,  State of the Connected Customer - 2nd Edition, (2018), Salesforce

 

About Angela Cobb

Founding Director of Tortoise & Hare, Angela, is passionate about helping customer-first brands translate across any channel. A senior specialist across our strategic and brand services, she leverages her expertise to help brands like yours connect with the customers to create valuable relationships for the long term.

Founding Director of Tortoise & Hare, Angela, is passionate about helping customer-first brands translate across any channel. A senior specialist across our strategic and brand services, she le...

Angela Cobb Director at Tortoise & Hare CX Agency

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