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STAN PHELPS
@9INCHmarketing
What	
   is	
   Ignite?	
   Ignite	
   is	
  
presenta/on	
   format	
   for	
   a	
   5	
  
minute	
   talk.	
   Presenters	
   use	
  
20	
   slides	
   that	
   auto	
   advance	
  
every	
  15	
  seconds.	
  
	
  
This	
  talk	
  was	
  hosted	
  by	
  IBM	
  
as	
   part	
   of	
   the	
   IBM	
   Amplify	
  
conference	
  in	
  San	
  Diego.	
  
In	
  customer	
  experience,	
  there	
  is	
  no	
  such	
  thing	
  as	
  mee/ng	
  expecta/ons.	
  	
  
Mee/ng	
  expecta/ons	
  is	
  a	
  myth.	
  You	
  either	
  exceed	
  expecta/ons	
  or	
  you	
  fall	
  short.	
  	
  
Choose	
  to	
  do	
  MORE.	
  LiPle	
  things	
  can	
  truly	
  make	
  a	
  big	
  difference.	
  
[Purple	
  Goldfish	
  –	
  Customers,	
  Green	
  Goldfish	
  –	
  Employees,	
  Golden	
  Goldfish	
  –	
  The	
  Top	
  20%	
  of	
  Customers	
  &	
  Employees]	
  
According	
  to	
  a	
  recent	
  study	
  by	
  IBM,	
  more	
  than	
  3	
  out	
  of	
  4	
  customers	
  
expect	
  organiza/ons	
  to	
  understand	
  their	
  individual	
  needs.	
  Call	
  it	
  the	
  
Amazon	
  Effect,	
  we	
  now	
  live	
  in	
  an	
  ON	
  DEMAND	
  world.	
  
Trendwatching.com	
  calls	
  this	
  info-­‐
sense	
  and	
  lists	
  it	
  as	
  one	
  of	
  the	
  five	
  
trends	
  that	
  will	
  shape	
  the	
  future	
  of	
  CX.	
  
Defini,on:	
  
I’m	
   on	
   quest.	
   My	
   fourth	
   book	
   with	
   co-­‐author	
   Evan	
   Carroll	
   will	
   be	
   called	
  
Blue	
   Goldfish.	
   It	
   will	
   focus	
   on	
   how	
   companies	
   can	
   leverage	
   data	
   and	
  
analy/cs	
  to	
  turn	
  insights	
  into	
  ac/ons	
  that	
  improve	
  the	
  experience.	
  
I	
  recently	
  wrote	
  about	
  two	
  Blue	
  Goldfish	
  in	
  Forbes.	
  The	
  ar/cle	
  tells	
  the	
  story	
  of	
  Tory	
  Burch	
  and	
  
Westpac.	
  Two	
  examples	
  of	
  how	
  technology	
  can	
  improve	
  the	
  customer	
  experience	
  and	
  drive	
  sales.	
  
(full	
  ar/cle	
  here)	
  
Doug	
  wakes	
  up	
  in	
  Toronto	
  on	
  a	
  bachelor	
  party,	
  
nagging	
  no/on	
  that	
  something	
  is	
  wrong…	
  
Then	
  it	
  hits	
  him,	
  he	
  forgoPen	
  to	
  order	
  his	
  
pregnant	
  wife	
  a	
  gid	
  before	
  leaving	
  the	
  country	
  
just	
  days	
  before	
  her	
  birthday.	
  	
  
He	
  quickly	
  runs	
  down	
  to	
  the	
  lobby	
  and	
  orders	
  a	
  pair	
  of	
  shoes	
  online	
  for	
  his	
  wife	
  Lindsay.	
  Only	
  
problem	
  is	
  that	
  he	
  uses	
  Paypal	
  and	
  realizes	
  the	
  shoes	
  will	
  not	
  arrive	
  /ll	
  ader	
  her	
  birthday.	
  
More	
  panic	
  sets	
  in.	
  He	
  now	
  decides	
  to	
  visit	
  the	
  store	
  immediately	
  upon	
  his	
  return	
  to	
  Florida.	
  
Doug	
   visits	
   a	
   Tory	
   Burch	
  
store	
   and	
   meets	
   a	
   store	
  
associate	
   named	
   Michelle.	
  
She	
   tells	
   him	
   that	
   once	
   the	
  
online	
  order	
  arrives	
  to	
  simply	
  
bring	
  it	
  in	
  to	
  her	
  store	
  for	
  a	
  
return	
   no	
   problem.	
   She	
  
grabs	
   a	
   new	
   pair	
   of	
   shoes,	
  
swipes	
   his	
   debit	
   card	
   and	
  
tells	
   Doug	
   that	
   it	
   isn’t	
   going	
  
through.	
  	
  
He	
  calls	
  his	
  bank,	
  gets	
  put	
  on	
  
hold,	
  transferred,	
  hold	
  again,	
  
and	
   then	
   Michelle	
   emerges	
  
from	
   the	
   back	
   of	
   the	
   store	
  
with	
  a	
  corona	
  boPle.	
  
	
  
“Would	
  you	
  like	
  this	
  Corona	
  or	
  perhaps	
  a	
  glass	
  of	
  wine	
  while	
  you	
  get	
  this	
  sorted?”	
  
A	
  few	
  days	
  later	
  Doug	
  and	
  his	
  wife	
  head	
  back	
  to	
  Tory	
  Burch.	
  Michelle	
  greets	
  Doug	
  by	
  name	
  and	
  
introduces	
  herself	
  to	
  Lindsay.	
  While	
  she’s	
  returning	
  the	
  original	
  order,	
  Lindsay	
  begins	
  trying	
  on	
  
shoes.	
  Within	
  seconds,	
  Doug	
  is	
  signg	
  with	
  a	
  Corona	
  in	
  one	
  hand	
  and	
  an	
  iPad	
  in	
  the	
  other.	
  
Ader	
  the	
  return	
  was	
  complete	
  and	
  Lindsay	
  was	
  done	
  browsing,	
  they	
  led	
  the	
  store.	
  A	
  few	
  days	
  
later,	
  Doug	
  receives	
  a	
  personalized	
  email	
  from	
  Michelle.	
  According	
  to	
  Doug,	
  “This	
  was	
  the	
  first	
  
;me	
  I’ve	
  seen	
  online	
  marke;ng	
  being	
  fused	
  with	
  an	
  offline	
  transac;on.	
  Marketers	
  like	
  myself,	
  
use	
   soFware	
   to	
   show	
   you	
   ads	
   for	
   products	
   you	
   recently	
   searched	
   for	
   or	
   viewed	
   in	
   hopes	
   of	
  
geGng	
  you	
  to	
  complete	
  your	
  purchase.	
  The	
  fact	
  that	
  Michelle	
  was	
  doing	
  this	
  manually	
  really	
  
impressed	
  me.”	
  
Tory	
   Burch	
   has	
   developed	
   a	
  
tablet	
   based	
   system	
   called	
  
“Client	
   Book.”	
   According	
   to	
   an	
  
ar/cle	
   in	
   Internet	
   Retailer,	
   “this	
  
client	
   book	
   service	
   enables	
  
customers	
   to	
   keep	
   track	
   of	
  
previous	
   orders,	
   wish	
   lists	
   and	
  
other	
  informa/on	
  from	
  an	
  online	
  
accounts.	
   A	
   shopper	
   might	
   put	
  
something	
  into	
  her	
  wish	
  list	
  late	
  
at	
  night,	
  for	
  instance,	
  and	
  a	
  store	
  
associate	
   keeping	
   track	
   could	
  
have	
   that	
   item	
   ready	
   on	
   the	
  
shopper’s	
   next	
   store	
   visit	
   or	
  
prepare	
   recommenda/ons	
   for	
  
other	
  products.”	
  
The average order value for Client
Book customers is 62 percent higher
than Tory Burch’s typical customer
Westpac	
  is	
  the	
  fourth	
  largest	
  bank	
  in	
  Australia	
  and	
  New	
  Zealand	
  
The	
  bank	
  has	
  been	
  join	
  the	
  dots	
  between	
  the	
  immense	
  amount	
  of	
  informa/on.	
  The	
  bank	
  
knows	
  needs	
  are	
  driven	
  by	
  life	
  stages	
  and	
  moments	
  of	
  truth	
  in	
  their	
  customer	
  journey.	
  
The	
  “Know	
  Me”	
  program	
  by	
  Westpac	
  drives	
  insights	
  about	
  the	
  customers	
  through	
  their	
  data	
  
to	
  create	
  NBO’s,	
  “next	
  best	
  offers.”	
  
By	
  using	
  a	
  mix	
  of	
  offline	
  transac/onal	
  data	
  and	
  online	
  behavioral	
  data,	
  the	
  insights	
  allow	
  
the	
  bank	
  to	
  predict	
  what	
  the	
  customer	
  might	
  need	
  next.	
  	
  
Westpac is converting 40% of all NBO’s,
resulting in $22 million in additional
sales in Year One of the program
 
According	
  to	
  former	
  GE	
  CEO	
  Jack	
  Welch,	
  there	
  are	
  two	
  forms	
  of	
  
compe//ve	
  advantage.	
  First,	
  learn	
  more	
  about	
  your	
  customers	
  
faster	
   than	
   the	
   compe//on	
   and	
   second,	
   turn	
   what	
   you	
   learn	
  
about	
  customers	
  into	
  ac/on	
  faster	
  than	
  the	
  compe//on.	
  
STAN PHELPS
stan@9INCHmarketing.com
Are	
  you	
  turning	
  big	
  data	
  into	
  useful	
  data?	
  
Are	
  you	
  leveraging	
  analy/cs	
  to	
  drive	
  sales	
  
and	
   improve	
   the	
   customer	
   journey?	
  
What’s	
  Your	
  Blue	
  Goldfish?	
  

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  • 2. What   is   Ignite?   Ignite   is   presenta/on   format   for   a   5   minute   talk.   Presenters   use   20   slides   that   auto   advance   every  15  seconds.     This  talk  was  hosted  by  IBM   as   part   of   the   IBM   Amplify   conference  in  San  Diego.  
  • 3. In  customer  experience,  there  is  no  such  thing  as  mee/ng  expecta/ons.     Mee/ng  expecta/ons  is  a  myth.  You  either  exceed  expecta/ons  or  you  fall  short.     Choose  to  do  MORE.  LiPle  things  can  truly  make  a  big  difference.   [Purple  Goldfish  –  Customers,  Green  Goldfish  –  Employees,  Golden  Goldfish  –  The  Top  20%  of  Customers  &  Employees]  
  • 4. According  to  a  recent  study  by  IBM,  more  than  3  out  of  4  customers   expect  organiza/ons  to  understand  their  individual  needs.  Call  it  the   Amazon  Effect,  we  now  live  in  an  ON  DEMAND  world.  
  • 5. Trendwatching.com  calls  this  info-­‐ sense  and  lists  it  as  one  of  the  five   trends  that  will  shape  the  future  of  CX.  
  • 7. I’m   on   quest.   My   fourth   book   with   co-­‐author   Evan   Carroll   will   be   called   Blue   Goldfish.   It   will   focus   on   how   companies   can   leverage   data   and   analy/cs  to  turn  insights  into  ac/ons  that  improve  the  experience.  
  • 8. I  recently  wrote  about  two  Blue  Goldfish  in  Forbes.  The  ar/cle  tells  the  story  of  Tory  Burch  and   Westpac.  Two  examples  of  how  technology  can  improve  the  customer  experience  and  drive  sales.   (full  ar/cle  here)  
  • 9. Doug  wakes  up  in  Toronto  on  a  bachelor  party,   nagging  no/on  that  something  is  wrong…   Then  it  hits  him,  he  forgoPen  to  order  his   pregnant  wife  a  gid  before  leaving  the  country   just  days  before  her  birthday.    
  • 10. He  quickly  runs  down  to  the  lobby  and  orders  a  pair  of  shoes  online  for  his  wife  Lindsay.  Only   problem  is  that  he  uses  Paypal  and  realizes  the  shoes  will  not  arrive  /ll  ader  her  birthday.   More  panic  sets  in.  He  now  decides  to  visit  the  store  immediately  upon  his  return  to  Florida.  
  • 11. Doug   visits   a   Tory   Burch   store   and   meets   a   store   associate   named   Michelle.   She   tells   him   that   once   the   online  order  arrives  to  simply   bring  it  in  to  her  store  for  a   return   no   problem.   She   grabs   a   new   pair   of   shoes,   swipes   his   debit   card   and   tells   Doug   that   it   isn’t   going   through.     He  calls  his  bank,  gets  put  on   hold,  transferred,  hold  again,   and   then   Michelle   emerges   from   the   back   of   the   store   with  a  corona  boPle.     “Would  you  like  this  Corona  or  perhaps  a  glass  of  wine  while  you  get  this  sorted?”  
  • 12. A  few  days  later  Doug  and  his  wife  head  back  to  Tory  Burch.  Michelle  greets  Doug  by  name  and   introduces  herself  to  Lindsay.  While  she’s  returning  the  original  order,  Lindsay  begins  trying  on   shoes.  Within  seconds,  Doug  is  signg  with  a  Corona  in  one  hand  and  an  iPad  in  the  other.   Ader  the  return  was  complete  and  Lindsay  was  done  browsing,  they  led  the  store.  A  few  days   later,  Doug  receives  a  personalized  email  from  Michelle.  According  to  Doug,  “This  was  the  first   ;me  I’ve  seen  online  marke;ng  being  fused  with  an  offline  transac;on.  Marketers  like  myself,   use   soFware   to   show   you   ads   for   products   you   recently   searched   for   or   viewed   in   hopes   of   geGng  you  to  complete  your  purchase.  The  fact  that  Michelle  was  doing  this  manually  really   impressed  me.”  
  • 13. Tory   Burch   has   developed   a   tablet   based   system   called   “Client   Book.”   According   to   an   ar/cle   in   Internet   Retailer,   “this   client   book   service   enables   customers   to   keep   track   of   previous   orders,   wish   lists   and   other  informa/on  from  an  online   accounts.   A   shopper   might   put   something  into  her  wish  list  late   at  night,  for  instance,  and  a  store   associate   keeping   track   could   have   that   item   ready   on   the   shopper’s   next   store   visit   or   prepare   recommenda/ons   for   other  products.”  
  • 14. The average order value for Client Book customers is 62 percent higher than Tory Burch’s typical customer
  • 15. Westpac  is  the  fourth  largest  bank  in  Australia  and  New  Zealand  
  • 16.
  • 17. The  bank  has  been  join  the  dots  between  the  immense  amount  of  informa/on.  The  bank   knows  needs  are  driven  by  life  stages  and  moments  of  truth  in  their  customer  journey.  
  • 18. The  “Know  Me”  program  by  Westpac  drives  insights  about  the  customers  through  their  data   to  create  NBO’s,  “next  best  offers.”  
  • 19. By  using  a  mix  of  offline  transac/onal  data  and  online  behavioral  data,  the  insights  allow   the  bank  to  predict  what  the  customer  might  need  next.    
  • 20. Westpac is converting 40% of all NBO’s, resulting in $22 million in additional sales in Year One of the program
  • 21.   According  to  former  GE  CEO  Jack  Welch,  there  are  two  forms  of   compe//ve  advantage.  First,  learn  more  about  your  customers   faster   than   the   compe//on   and   second,   turn   what   you   learn   about  customers  into  ac/on  faster  than  the  compe//on.   STAN PHELPS stan@9INCHmarketing.com Are  you  turning  big  data  into  useful  data?   Are  you  leveraging  analy/cs  to  drive  sales   and   improve   the   customer   journey?   What’s  Your  Blue  Goldfish?