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Produced by Produced by Using Science to Build Trusting Relationships and Reduce Churn

USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Page 1: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

Produced byProduced by

Using Science to Build

Trusting Relationships

and Reduce Churn

Page 2: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

Produced by

Service Excellence Partnerswww.se-partners.com

Page 3: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

Produced by

Page 4: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Relationship is a Process

Sources: Blieszner, R. & Roberto, K. A. (2003). Friendship across the lifespan: Reciprocity in individual and

relational development. In F. R. Lang & K. L. Fingerman (Eds.), Growing together: Personal relationships

across the lifespan (pp. 159-182). Cambridge, U.K.: Cambridge University Press.

Initiation Maintenance Dissolution

Page 5: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Loyalty Research

Product

Relationship

Market

Trust Moderates Loyalty

Adapted from: Ruyter, K., Moorman, L., Lemmink, J. (2001)

Loyalty

Affective commitment

Calculativecommitment

TRUST

High

Low

Page 6: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Trust Factors

• Ability: competence, predictability and

consistency

• Benevolence: caring, goodwill, empathy

and commitment to shared goals

• Integrity: fairness, objectivity, honesty and

open communicationSource: Borum, R. (2010) Science of Interpersonal Trust. SelectedWorks of Randy Borum, University of South Florida

Page 7: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Trust Learning Quiz

Learning occurs in a single experience.

TRUE FALSE

Page 8: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Trust Learning Quiz

First impressions linger.

TRUE FALSE

Page 9: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Trust Learning Quiz

Once a belief is formed, it’s easy to change.

TRUE FALSE

Page 10: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Trust Over Time

High

Low

Life Cycle Trust

Source: Seeing is

believing:

Trustworthiness as a

dynamic belief,

Cognitive Psychology

61 (2010) 87–105

Luke J. Chang, et al

Initial Trust

Page 11: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Customer Journey Mapping

Recognize Investigate Decide Purchase

Customer Lifecycle

Implement Learn Use Terminate

Customer Acquisition Service Delivery

Business Process/UX

Page 12: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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A New Twist…

Recognize Investigate Decide Purchase Implement Learn Use Terminate

Customer Acquisition Service Delivery

Initiation MaintenanceDissolu-

tion

Page 13: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Mindful Customer Experience Design

Recognize Investigate Decide Purchase Implement Learn Use Terminate

Customer Acquisition Service Delivery

Initiation MaintenanceDissolu-

tion

Effective andAffective

Page 14: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Gaining Trust

Five Critical Moments

Connection Build relationships through commonality

Power Increase mastery, autonomy and choice

Proof Show that you keep your promises

“Wow!” Surprise and delight

Truth Show character when the chips are down

See my blog post: http://se-partners.com/five-critical-moments-in-the-customer-experience/

Page 15: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Page 16: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Moments of ConnectionAffective Effective

“I noticed you live in Denver.

Whereabouts?”

“My sister lives there. So are

you also a Broncos fan?”

“What got you into this

industry?

“Can you tell me a little more

about your business?”

“What problem are you

trying to solve?”

“What’s important to you?”

Page 17: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Communication CadenceSubscription Renewal

Phone

E-m

ail

Phone

Phone

Phone

E-m

ail

E-m

ail

E-m

ail

We

bin

ar

We

bin

ar

Phone

E-m

ail

Phone

Phone

Phone

E-m

ail

E-m

ail

E-m

ail

We

bin

ar

We

bin

ar

A

B

Phone

E-m

ail

Phone

Phone

Phone

E-m

ail

E-m

ail

E-m

ail

We

bin

ar

Webin

ar

C

Page 18: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Faces, Faces, Faces!

Photos in e-mails

Photos in sales and support chats

Web conferencing

Video help topics on YouTube

Video e-mails

Page 19: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Three Practical TakeawaysMoments of Connection

1. Make training item #3 in your onboarding

call agenda

2. Front-load your cadence

3. Add faces—everywhere!

Page 20: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Mindful Customer Experience Design

Recognize Investigate Decide Purchase

Customer Lifecycle

Implement Learn Use Terminate

Customer Acquisition Service Delivery

Business Process/UX

CONNECTION, POWER, PROOF, “WOW!” TRUTHFive Critical

Moments

Page 21: USE SCIENCE TO BUILD TRUSTING RELATIONSHIPS AND REDUCE CHURN

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Questions?

Ed PowersService Excellence Partners

www.se-partners.com

[email protected]

970-235-0078