Stage Your Way To Greatness | Measure Your Way To Success | Retention Is Your Friend | Definitions Will Set You Free | Measure Twice, Cut Once |
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What is the maturity of your company?
This is the biggest variable in how you will be measured as a CSM
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What is a Net Promoter Score survey?
In this survey, only one question reigns supreme over all others.
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What are variables that affect retention?
The length of contract and extensibility of your product
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What is land and expand?
This term represents an opportunity for the customer to start small with your product and then expand their use of it over time
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What are common ways to measure CSM's?
Customer Satisfaction, Customer Health Score and Activities are examples of this
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What is an early stage SaaS company?
At this stage company, the focus of customer success is typically on mitigating churn.
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What is Detractor, Passive and Promoter?
In a NPS survey response, customers are categorized into three groups based on their score 0-6, 7-8, 9-10. They have these specific names associated with each group.
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What is a monthly contract?
In this type of situation, a customer must renew every month
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What is up sell or cross sell?
When this happens, the overall contract value for the customer in increased
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What is a Customer Health Score?
This is a proxy for future customer behavior
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What is a late stage SaaS company?
At this stage company, the focus of customer success is typically on up sell and cross sell
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What is the Net Promoter Score?
Subtracting the percentage of detractors from the percentage of promoters reveals this
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What is an annual contract?
In this type of situation, a customer must renew every year
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What is your book of business?
The total amount of annual recurring revenue (ARR) that you are responsible for. This is derived by adding all of the ARR for each of your customers.
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What is a Customer Success Solution?
This offers a complete view of CS team performance including
- Health score - Renewal rates - Contract growth - QBR's - At risk customers and ARR - NPS |
What is an early stage SaaS company?
At this stage company, the operations of a Customer Success team and related client information may be kept in spreadsheets or in Salesforce.
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What is -100 to 100?
This is the possible range of a Net Promoter Score Survey (including all responses).
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What is positive net retention?
This happens when a company adds more revenue to its existing install base contracts through up sell and cross sell than was lost through churn
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What is the definition of Customer Success?
Customer Success is all about keeping customers healthy so that they renew their contracts and buy more from you.
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What is the Customer Health Score?
As a CSM, you may be measured by the improvement in this metric month over month
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What is Pulse OR What is Dreamforce?
DAILY DOUBLE!!!!
New Category: Ancient Rituals Answer: Yearly movement and gathering of like-minded followers. |
What is a risk indicator?
The following are examples of this:
- Reduction in usage - No/small usage of key features - Too many support calls - No support calls - Low survey scores - Bounces/unsubscribe from marketing messages - Sudden stop in references / speaking engagements - Overdue invoices |
What is net retention?
The healthiest SaaS companies will have this number in the 110% - 120% range
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What is a Customer Health Score?
The following are examples of components to this metric:
- NPS - Customer support metrics - how often they call, how long are the tickets open - References - how often, how many - Community engagement - Does the customer participate in your community? How often? - Marketing engagement - Does the customer open and read your email? Case study, participate by speaking on your behalf - Invoice history - do they pay their bills on time? - Transaction history - have they renewed and how many times? |
What is individual performance?
This will drive your salary and promotion opportunities even if your team performance drives your variable compensation.
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