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Navigation The AI Landscape Costly Mistakes Business Must Avoid

At DASCX, we guide businesses through the complex AI landscape, helping them avoid costly mistakes. Our expertise at DASCX.com.au ensures strategic navigation amidst AI's intricacies, empowering businesses to sidestep pitfalls and embrace AI with confidence. From implementation to strategy, we offer insights and solutions, ensuring businesses harness AI's potential for optimal efficiency, innovation, and sustained success while evading costly missteps along the way.<br>

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Navigation The AI Landscape Costly Mistakes Business Must Avoid

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  1. D R I V I N G R E V E N U E G R O W T H W I T H B 2 B C X

  2. INTRODUCTION Manufacturing companies are increasingly realizing the importance of customer experience (CX) in driving business growth. In the B2B space, CX can be especially important as manufacturing customers often have long- term relationships with suppliers. In fact, a study by McKinsey found that B2B companies with high customer satisfaction scores see 2-3 times the revenue growth of their peers. In my own experience having done three large CX transformations, I saw how customers experience lead to increase in revenue for those organizations.

  3. INCREASED CUSTOMER RETENTION One of the biggest benefits of a strong B2B CX strategy is increased customer retention. By providing exceptional customers, manufacturing companies can build strong relationships that last for years. This not only leads to repeat business, but also to opportunities for cross-selling and upselling. When customers are experience, they are more likely to purchase additional products or services from the same supplier. Also its cheaper to sell to an existing customer than acquiring new customs as well. experiences to happy with their

  4. IMPROVED CUSTOMER LOYALTY Loyal customers are the lifeblood of any business, and manufacturing companies focusing on the B2B CX, manufacturing companies can build strong bonds with customers that lead to increased loyalty. In turn, loyal customers are more likely to recommend a supplier to others, leading to new business opportunities and increased revenue. Especially in B2B space where more people are involved in the buying process, better CX will help them to stay loyal in the long run. are no exception. By

  5. INCREASED CUSTOMER LIFETIME VALUE Customer lifetime value (CLV) is a measure of how much revenue a customer will generate over the course of their relationship with a supplier. By providing exceptional experiences to customers, manufacturing companies can increase their CLV. This can be achieved through a variety of means, such as providing personalized service, offering customized products, and providing exceptional post-sales support.

  6. IMPROVED SALES AND MARKETING EFFECTIVENESS Finally, a strong B2B CX can improve the effectiveness of a manufacturing company’s sales and marketing efforts. When customers are happy with their experience, they are more likely to respond positively to marketing messages and to engage with sales representatives. This can lead to increased revenue as more leads are converted into customers.

  7. Thanks! Do you have questions? hello@dascx.com.au www.dascx.com.au

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