11
Copyright 2016 ReachLocal, Inc. Presented by Katrina Witherspoon Director, Strategic Client Services

LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Embed Size (px)

Citation preview

Page 1: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

Presented by

Katrina WitherspoonDirector, Strategic Client Services

Page 2: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

Industry Situation According to historical data, anecdotal information and collected industry wisdom, there are many different causes of churn. Some are outside [of our] control … including the end of a seasonal campaign or SMB business failures. Others, such as advertiser expectations of ROI, exist in an ambiguous zone where the service provider has some control. Still other factors, such as the availability and quality of client experience, may be entirely within the marketing provider’s control.

Sources of SMB Advertiser dissatisfaction

60%

55%

45%

30%

25%

Poor program results

Poor service levels from providers

Price is to high for the products/services

Too many errors made

OtherSOURCE: SMB ADVERTISER CHURN: NEW DATA FOR AN OLD INDUSTRY PROBLEM

Page 3: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2015 ReachLocal, Inc. 4

2014 was a challenging year for ReachLocal ● Shifted from

relationship oriented culture to transactional sales model

● Client and employee retention suffered

● Bottom Line: We lost touch with our clients

Page 4: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

Introduced a full service modelCombined people and systems to deliver goal-driven ROI

Marketing Expert (ME)Client consultant,

transactional relationship owner and technical

marketing expert

2014 Media Delivery Model

Account ExecutiveRelationship management

to cross-sell & upsell

2015 Client-centric Model

Digital Marketing Consultant (DMC)

New client acquisition and relationship management to cross-sell, upsell and

generate referrals

Sales ExecutiveNew client acquisition

Campaign ProfessionalCampaign management

to support campaign performance

Page 5: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

How did we improve retention?

Culture of Ownership Own the client at every stage. Tore down internal silos between sales, service and product

Trusted Partner Focused the team on understanding the client's business and tying results to customized goals for each client

Page 6: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

How did we improve retention? Hiring the Right Team Shifted hiring focus from technical capabilities to experienced client managers who care

Training Staff and Ongoing Education and CoachingNow invest 3+ months training upfront and added QA and ongoing coaching programs

Pay for Performance Created a strong variable incentive and tied it to client satisfaction and retention

Page 7: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

How did we improve retention?

Client Touch Points and System ImprovementsInserted effective proactive touch points with clientsInvested in systems and tools to make it easier to manage clients and campaigns

Simplified Client Accessibility Multi-point client accessibility via chat, email, phone Made it easy for clients to connect with us

Systematic Ongoing Feedback from ClientOngoing feedback from clients tied to actionable follow through and improvements

Page 8: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

Sales ChannelMarketing Expert

● Edge Analyst

● SEO Analyst

● Digital Marketing Manager

Marketing Experts

Tiered service experience based

on spend

Service Operations

Page 9: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

Case StudyThe Situation

● Community College spending $5k in search and display

● On and off client since 2012● Client was unhappy with

service

The Solution: Marketing Experts Service ModelClient now benefits from a single point of contact, available by phone to respond to questions and provide a high level of technical knowledge on their campaign performance

The Results● The client increased

budgets with ReachLocal ● Client doubled their

monthly spend● Client also places flighted

campaigns during peak fall and spring enrollment periods

I had been disappointed with the lack of customer service and feedback on my campaigns. I was considering discontinuing this marketing service for the coming year. Dan Almeida impressed me greatly. He’s demonstrated exceeding courtesy and attentiveness in answering my questions, really understanding my questions too, and demonstrating thorough knowledge of the services. I was really impressed and regained much confidence. - Happy Client

Page 10: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

The Accolades

In 2015, ReachLocal won several awards

• Received several Google Awards worldwide• Recognized by the American Business Awards with a

People’s Choice Stevie Award for our business products and customer service

• Awarded Confirmit Achievement in Customer Excellence Award for our superior client experience

Client transaction survey score - 2015

Page 11: LSA16: How ReachLocal Boosted Retention by 50% in 12 Months

Copyright 2016 ReachLocal, Inc.

Making sure we don’t take our foot off the accelerator…