Customer Success | 3 MIN READ
Top 7 Myths of Customer Success – Busted!
This Article is devoted to busting top 7 customer success myths which might be misleading to customer success leaders and executives.
Customer Success | 3 MIN READ
This Article is devoted to busting top 7 customer success myths which might be misleading to customer success leaders and executives.
This Article is devoted to busting top 7 customer success myths which might be misleading to customer success leaders and executives.
Conventional wisdom says that you need a CSM for every $2 million in annual recurring revenue. However we believe it depends heavily on your product, your customer segment, and your CSMs. The goal is to have enough CSMs to adequately service your accounts without spending unnecessary resources, the number circulating in the market should be used as an initial guidance, at best.
NPS can be useful as an indicator only if you can get a heavy percentage of your customers to respond, or at least a good spread. Unfortunately, many customers show dissatisfaction by not participating in the NPS survey itself, hence skewing the nos. So unless CSMs have great connect to get enough NPS poll responses, this metric can not be counted upon (at least in SaaS) as a leading & independent indicator of retention.
Your milestones are designed to track your progress, to ensure you are making meaningful progress towards your goals. As a Customer Success Manager, try instead to spend time tracking your customers’ success milestones, and help them in any way possible to monitor, stay on track and achieve their Milestones.
Some think that Customer Success should be high-touch great support all the time. But that’s missing the point entirely. The best support is when the customer doesn’t need your support at all. Well designed products and customer education that helps customers fend for themselves most of the time, is what one should try to achieve.
Best practices can often help hasten your learning. But, when it comes to what works best with your specific customers, there is no ‘one size fits all’ playbook. Customer Success is a mindset, not a recipe. Your Best Practices should be 100% unique to your company, formed around helping your target audience achieve their ideal outcomes.
The change in vocabulary from “sales cycle” to “customer journey” was useful as it indicated that customers start long before they reach your website or your product page. However, the more appropriate term to focus on might be “adoption journey” which covers the ground after the consumer has purchased, following their lifecycle to improve retention through customer success.
There are two situations where you might not want to control customer churn:
Do read through and share with us on any customer success myths we may have missed in comments below. You can also download a copy.
Originally Published May 19th, 2020, Updated June 22nd, 2020
Rohan has over 11 years of experience in client services, marketing and hospitality field. Previously, he was head of digital marketing for a hi-tech mobile application. Rohan is driven by new challenges and the possibility of making an impact on individuals and businesses.
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