I’ve conducted an interview with Chris Yeh, VP Marketing from PBWorks and thought it would be interesting to share.
As you know, I declared more than once that the customers are kings which means companies should be able to understand their customer’s behavior and trends and interpret it correctly into customer engagement level in order to know which customers to focus on later at the funnel.
Chris explains why customer engagement is so important when using the land and expand strategy – for example, once a large company is starting to use their services their goal is to have that company to use them more and more and eventually to spread into an enterprise-wide deployment.
So tracking and enhancing the customer engagement level is very important. The metrics to know that could be i.e. how much a user is using the products, how many usage days they have per week, the total volume of transactions, etc.
I agree with using those metrics in measuring customer engagement and every company should pick the right metrics for its business. At the same time, there are acceptable metrics that every SaaS company should use which are elaborated in our SaaS Business Metrics Survey Results. Using those metrics will not only show the engagement level but the whole business overview which every successful SaaS business should act upon.
Tomorrow I will post another tip by Chris about Freemium Sales Models for B2B and SaaS.
To read the full transcription of the video, click here
I’m Chris Yeh. I’m the VP of Marketing for PB Works, which is a SaaS company that does collaboration software for various markets, like advertising agencies, law firms, and of course general business. Customer engagement is super important to us because a lot of times we have, what we call, a land and expand strategy.
So oftentimes a large company will start to use us in just a small group, maybe just one team that’s using PB Works to be more effective. And what we want to do is to have them use us more and more to bring in more and more people and eventually to spread into an enterprise-wide deployment. So what’s very important for us is to be able to track and enhance the level of customer engagement, how much they’re using the product.
We look at things like how many days per week are they using it. We look at things like what’s the total volume of transactions and things that they’re doing and all this is really important for our marketing and for business in general.