{"id":2609,"date":"2023-03-01T10:00:00","date_gmt":"2023-03-01T10:00:00","guid":{"rendered":"http:\/\/138.197.200.24\/resources\/blog\/saas-customer-engagement-model\/"},"modified":"2026-08-08T11:40:57","modified_gmt":"2026-08-08T11:40:57","slug":"saas-customer-engagement-model","status":"publish","type":"blog","link":"https:\/\/www.smartkarrot.com\/resources\/blog\/saas-customer-engagement-model\/","title":{"rendered":"Why a Successful Subscription Business Demands a Clear Customer Engagement Model"},"content":{"rendered":"
There was a time when product based companies used to depend only on fresh sales to grow their business which was decided by the number of customers they acquired. The products were designed in such a way that only a one-time purchase was needed for the customers to own the product. The relationship between the customer and the company would terminate after the sale, or after a short period of post-sale support if applicable, and won\u2019t resume until the product expires and if the customer decides to repurchase from the same brand. This is the dynamics followed by all the companies selling tangible products and the software companies too continued with the same momentum in their initial days until the advent of\u00a0SaaS based customer engagement model.\u00a0<\/p>\n
The concept of membership as a model for generating recurring revenues has existed for a long time but the adoption of subscription based business models by the software companies has seen a recent surge in the past few years, if not decades. The\u00a0Saas\u00a0customer engagement model\u00a0has opened new avenues for business growth and sustainability for the companies. This cloud based technology has improved in many ways \u2013 either directly or indirectly \u2013 the companies build\u00a0and\u00a0 maintain their products, offer their services, acquire buyers and earn retention. Since it is a shift in the delivery model from one-time sale to subscription based, the most defining aspect for this model to succeed is the customer retention. Companies have to innovate new ways through\u00a0which\u00a0they can get their customers to continue using their products and renew their subscriptions. This is where a\u00a0SaaS Customer Engagement\u00a0<\/strong>model\u00a0<\/strong>as an organizational process comes into picture. It is a relatively new process in organizations that deploys a win-win strategy to retain customers unlike a traditional \u201cme first\u201d approach acquired by the businesses. In this article we are going to examine this process in detail and see how it helps resolve the challenges faced by the subscription based businesses and eventually helps them succeed.\u00a0<\/p>\n Acquiring a new customer has always been one of the most expensive processes for a business. Large scale organizations spend months of time in running their marketing campaigns on different channels by partnering with external agencies. The\u00a0costs associated with converting a prospect to buy a product has\u00a0to be borne by the business owners by paying every individual in the marketing and sales division as well as the third party agencies. Owners invest heavily in\u00a0these areas only with an intention to cover the cost through long-term relationships with the customers. And if the companies fail to generate ROI even after the initial sale by not being able\u00a0to retain their customers then it becomes difficult for them to sustain in the longer run. There could be various reasons for a customer to not renew their services and that can range from behavioral\u00a0aspects of the customer to the quality of experience they derive while using the product.\u00a0<\/p>\n The time taken for the buyers to get familiarized with the product is crucial for retention. This is called product adoption. More precisely, it is the process which covers all stages between when a user hears about the product for the first time, starts using it, starts driving value from it and finally becomes habituated to it. Most of the user churns occur during the initial period post sale if the user fails to drive value from it due to any reason. For B2B complex products the churn may happen because\u00a0the user didn\u2019t start using all the features that can hook them to the product. These products are designed to either automate various\u00a0processes\u00a0 or\u00a0generate data or insights for high level managers to work towards their goals. They usually take some time\u00a0to sink in by getting used to the user interface as well as all features of the product. A lack of technical support, FAQs or user manual may prevent the customer from adopting the software.\u00a0\u00a0<\/p>\n Another reason why customers won\u2019t return to the buyer is because of the poor relationship management of the vendors towards their customers. A wrongly qualified customer success manager may not have the domain knowledge of the customer\u2019s business and hence may fail to add value in\u00a0the relationship. A lack of\u00a0SaaS\u00a0Customer\u00a0Success\u00a0<\/strong>function can have disastrous impact of losing the customer without prior warning.\u00a0According to\u00a0Esteban\u00a0Kolsky<\/a>, a leading customer strategist, customers don\u2019t tell\u00a0you they\u2019re unhappy. In fact, only 1 in 26 unhappy customers actually complain.\u00a0<\/p>\n The product has to be sold even after the purchase by highlighting the key features by the CSMs that a customer finds useful. There could also be chances of personality clash\u00a0between the representatives of the two parties if one gets offended due to any reason during the interaction. A lack of process for quickly switching to another CSM can have adverse effects on the customer. On the other hand if the CSM has managed to gain\u00a0trust of the customer over a long period but decides to quit their company then the buyer may lose the same support to which they got used to and eventually lose credibility. After all the CSMs are the product evangelists who regularly encourage the user\u00a0to use their products.\u00a0\u00a0<\/p>\n There are chances that the product was not meant for the customer at all. The sales team may have set over-expectations for the customer which they find out after not being able to meet business goals by using the product. This kind of reason cannot be controlled and the vendor has to let their customer go without investing further in the interaction.\u00a0\u00a0<\/p>\n A lack of\u00a0SaaS\u00a0Customer\u00a0Retention\u00a0process for the situation when the product goes out of service due to technical issues could also be a setback for the user. If this downtime results in financial loss of the customer then it can turn out to be a serious situation for them to decide whether to continue the service or not. A lack of compensation by the vendor to make up for the loss can cause an adverse effect on the customer experience and may result in the termination of the service.\u00a0<\/p>\nChallenges of\u00a0SaaS\u00a0Based Organizations\u00a0<\/h2>\n
Lower Product Adoption<\/strong>\u00a0\u00a0<\/h3>\n
Mismanagement in the Relationship\u00a0<\/strong>\u00a0<\/h3>\n
Product\u2019s Incapability<\/strong>\u00a0\u00a0<\/h3>\n