You’re probably familiar with VOC for innovation. B2B suppliers use methods like New Product Blueprinting to understand market needs before developing their new products. The “other” type is Everyday VOC®. This acknowledges your company has thousands of customer interactions every year which shouldn’t be wasted. All your customer-facing staff—sales, marketing, technical service—use B2B-optimized probing to truly understand customer needs. Every day.
Download white paper, Everyday VOC
Many B2B suppliers consider competitive pricing as they plan new-product pricing. Or worse, cost-plus pricing. Both are irrelevant if you deliver real value to customers… not a “me-too” product. Competitive pricing just helps you judge initial customer reaction, and cost-plus just sets the pricing floor. Neither tells you what customers will pay. For that, you need customer-value pricing.
Watch 2-min video, Use Value Calculators to Establish Pricing.
Most sales professionals are rewarded for one thing. Selling. This year. But if you want to sell a lot more in 2-3 years, better learn today what customers really want. Who better to do this than the people you’re paying to meet with customers daily? Perhaps future companies will unleash sales-and-learning pros… not just sales pros. Maybe it’s time to complement your “VOC for innovation” with “Everyday VOC.”
Learn about Everyday VOC® at Everyday VOC Training.
It may be that your customers’ customers’ opinions matter more. Somewhere in your downstream value chain, there’s a “drive sprocket” that’s moving the rest of the value chain. Find it, uncover all their needs, quantitatively isolate the critical ones, and pursue these like there’s no tomorrow.
More in e-book, Reinventing VOC for B2B (page 26)
You develop your customer’s new product. It’s like this: “Mr. Customer, we’ve assembled a team aimed at developing something you’ll love. As you can see, we even brought a top R&D expert with us to listen to you. So can you tell us everything you think we should know before we go into our labs? We want to get this right so the innovation makes you a hero at work.” THIS is the approach that drives unprecedented organic growth for you.
Watch 2-min video, How Blueprinting Drives Organic Growth
This can super-charge your organic growth: Don’t let your R&D conduct any product development work without unbiased, unfiltered data on what customers do and do not want. Market Satisfaction Gaps—based on importance and satisfaction scores for customer outcomes—provide this. You’ll free up enormous resources by working on only what matters.
More in white paper, Market Satisfaction Gaps
What else is there besides hearing customers’ needs? Impress them so they’ll want to do business with you. Incorporate your insights into a value calculator to optimize pricing. Use customers’ precise interview language on your website to improve SEO. Uncover unspoken needs in a post-interview customer tour. Understand their next best alternative. These are the reasons VOC training delivers ridiculously high ROI.
Watch 2-min video, How Blueprinting Drives Organic Growth
Is your rep eagerly listening to the customer’s problems vs. over-selling in the “broadcast mode”? When a problem surfaces, does your rep probe to learn when it happens, how often it happens, where it happens, the impact of the problem, and the value in preventing it? Does your rep draw special attention to each customer need in their call report vs. co-mingling needs with a mish-mash of other information? Can your product managers mine your CRM to detect weak signals of market needs before competitors?
Learn how to answer “yes” to the above with Everyday VOC® training.
When you say you want to pursue a “new market,” do you mean the market is truly embryonic? Or is this just a new market for you? If so, it’s better to call the latter an “unfamiliar market.” The customers were already there. It’s you—not the market—that’s new. This is just one example of supplier-centric thinking that permeates B2B innovation. Customer-centric thinking will take you much further.
More in white paper, Innovating in Unfamiliar Markets (page 2)
It’s helpful—but shortsighted—to ask, “How can AI assist me?” It ignores the end game when AI becomes more than your friendly helper. Some ask, “When will AI replace me?” A better question is, “What work can I master that AI cannot?” For this, we’ll consider the Digital Waterline. (Watch in 5-minute video.) AI already does many ... Read More