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What is Customer Success and Why is it So Important?

What is Customer Success and Why is it So Important?

Moran Altarac
May 20, 2024
2
min read

In the simplest sense, customer success can be defined as the process of helping customers achieve their goals. But in reality, it’s much more than that. Customer success is about much more than just retaining users or making sure they are happy with your product.

It is a state of mind where a company's employees are driven by the desire to help their customers succeed. It’s the process of identifying, meeting and exceeding customer expectations, not just about making sales or providing services. 

Customer success can be broken down into three main categories: customer satisfaction, customer retention and customer referrals:

Customer satisfaction is the measure of how happy customers are with the product or service they have received. 

Customer retention is the measure of how likely customers are to continue using your product or service in the future. This includes both current customers and new prospects who were not able to buy your product or service in the past. 

Customer referrals are an indication that your company's reputation has reached someone else and they want to buy what you're selling too!

Why is customer success so important?

The benefits of having a customer success team are immense. But the most important one is that it helps you build relationships with customers, which also gradually builds trust. Building and maintaining trust is a critical factor to the longevity of your relationship with the customer.

Some additional benefits include:

-Helping customers get more value from your product or service

-Reducing churn rates and increasing customer lifetime value

-Improving retention rates

-Providing better customer support

-Increasing revenue

Who is responsible for customer success?

It is crucial for companies to have a team of people who are dedicated to the success of their customers. Customer success teams in order to maintain a healthy relationship with their customers. They do this by being proactive in finding opportunities for improvement and work closely with other departments in order to resolve any issues that arise.

The customer success team's responsibilities include:

- Helping customers with any problems they might have with the product or service

- Ensuring customers are getting the most value out of the product or service

- Identifying potential issues before they become major problems

- Tracking customer sentiment to identify trends and insights into what's working well and what isn't

Customer success is a multifaceted function that comprises a few specific roles. The different roles of Customer Success include:

Account Executive: Responsible for communicating with customers, managing their accounts, and handling billing inquiries

Product Specialist: Responsible for addressing customer queries about product features and functionalities

Customer Success Manager: Responsible for overseeing all aspects of the customer experience

How Guidde helps drive customer success 

It’s pretty clear that the success of any company depends on its customers. And in order to improve customer success and drive customer adoption, companies need to focus on making the product as easy as possible for customers to use. Which entails educating the prospective and existing customers about the product or service. That’s where Guidde comes in.

Guidde empowers users to create step-by-step videos and documents anyone can create in just a few clicks. When you’re done, you can instantly share your content via email, Slack, Salesforce, Zendesk, Intercom and more! Pretty cool right? You can try Guidde FREE by clicking this link and installing our browser extension.

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