Living Stone blog 3

 

 

All Posts

How to measure the success of your customer reference program

You’ve launched your customer reference program, and created several reference cases – now how do you measure the results? Just like all your other initiatives, you need to be able to measure the return on your marketing investment. 

There are many different measures that you can use to gauge the impact of your customer reference program (CRP). Here are a few examples:  

Measure the quality of your organization’s customer relationships

You can tell a lot from the reactions of your customers when they’re asked to participate in a customer reference program. Keep records on (1) the amount of accepted vs refused requests to participate; (2) the throughput time of a reference project (this indicates a willingness to work together); and (3) the scope of tools that your customers are willing to take part in (reference case, speaking opportunities, demonstrations, etc.), and file this information with your customer reference program statistics.

Measure which regions are most active and contribute the most to corporate intelligence

Try setting targets per region for your customer reference program strategy.

Choose customers in high-priority industries that link to sales strategy

Set targets for customer references in high-priority industries, and monitor the impact on awareness and sales numbers in your customer reference program analytics.

Monitor your organization’s use of the customer information in your CRP database

The information you’ve gathered on customers and integrated in your CRP database can help sales as well as product development, marketing, and customer service. Access statistics from this database for insight into how your organization is using this intelligence in their daily activities.

There are lots of other ways to measure the success of your CRP program, including developing a participation index to calculate the contributions of your customers towards sales wins, and monitoring how a reference case moves a customer upwards on the loyalty ladder.

Want to know more? We’ve created a whitepaper, “Guidelines for a winning customer reference strategy,that includes everything you need to know to launch and manage a successful customer reference program.

This whitepaper offers step-by-step information on how to set objectives for your program, how to launch it with maximum impact, how to keep the momentum going after you’ve launched, and how to measure the results. You can download it here.

whitepaper winning customer reference program

 

Maarten Van Erdeghem
Maarten Van Erdeghem
Digital specialist at Living Stone

Related Posts

Change management and big data analytics: need-to-know skills for healthcare marketers

Healthcare changes faster and is more complex than almost any other industry, meaning that healthcare marketers face a unique set of challenges. But change management hasn’t typically been part of the healthcare marketer’s skillset. It’s the same for big data analytics expertise. Increasingly, however, these are emerging as two of the most important skills that a healthcare marketer can have.i

The rise of the healthcare consumer: what it means for B2B healthcare marketers

We all do it – we experience an ache or a pain, and we turn to Google to help us figure out what’s wrong, and what we should do about it. Health has been one of the most-searched topics since the very beginning of the internet. And it’s just another way that the internet has served as a disruptor – by offering unprecedented access and amounts of information, the internet has in many ways replaced the hard-to-reach G.P. or other healthcare provider.

Inbound marketing: are you creating the right kind of content?

It’s not hard to create content today. After all, there are thousands of content mills in operation, churning out endless streams of content. And automated content creators and content bots, which are getting better and better at creating content, are poised to help meet the internet’s limitless need for fresh content.