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šŸ¤æ Extraction is the short(est) game

Published about 2 years agoĀ ā€¢Ā 6 min read

Weā€™ve all said it (or at least read it):

ā€œThe moneyā€™s in the list!ā€

And, sure, that's absolutely true. Marketers love to whip out the go-to stat about emailā€™s 4200% ROI (and, once upon a time, I included that stat in cold pitches and on my website). Ka-ching, baby!

But what else is in the list. Besides the make-it-rain cash pile?

Oh yeahā€¦ people!

And while we know that, it seems like we sometimes forget. Which means we risk sacrificing the customer experience for the sake of squeezing just a liiiiitle more revenue out of our emails/texts/websites/chatbots/[insert your favorite touchpoint here].

So even though Iā€™ve been guilty of the reductive ā€œmarketing = $$$ā€ mentality, I guess I was still a little surprised to hear this from a speaker at the DTCX conference last week.

ā€œBy using this method, you can extract as much money as possible from everyone that visits your site.ā€

Wait, Iā€™m sorry, I was looking for the Customer Experience conferenceā€¦.did I take a wrong turn?

A slide from a virtual conference. The top of the slide says Conclusion. One of the bullets on the slide says, "By using this method, every customer counts and you can extract as much money as possible from everyone that visits your site"
ā€‹

The speaker backtracked as soon as he started reading this slide. He tried to soften the blow with, ā€œOk, well, I know this sounds bad but I wrote it last nightā€¦.ā€ Yeah, that actually does sound bad.

But the reality is that plenty of brands treat their customers as an extractable resource (and when you put your Customer Hat on, I bet you know exactly what it feels like when you're on the receiving end. Yuck.).

So what do we do? We all need to make money to keep our businesses afloat. But we need to be careful that in each interaction we arenā€™t treating people like walking ATMs.

What could it look like if we shifted from a more extractive model (thanks, capitalism!) to regenerative?

Letā€™s dive into this weekā€™s links to try to find the answersā€¦

Link Diving

Looking beyond conversion metrics

Matt Mullenax, co-founder and CEO of Huron, joined the Up Next in Commerce podcast and explored what a brand can do when they shift to long-term thinking.

Here were a few ideas that stood out to me:

  • When itā€™s not just about money, you start looking beyond conversion metrics to find more human forms of engagement
  • Matt acknowledges that a lot of their emails donā€™t look all that sexy when they run Klaviyo reports because ā€œnot every form of messaging has to be geared towards ringing the cash registerā€
  • We can treat CX as proactive instead of reactive (Iā€™m a big fan of embracing customer objections & hesitations, so this really thrilled me)
  • Matt shared a great example about how to work customer advocacy into your marketing. He said that Huronā€™s body wash is so concentrated that men use way too much of it. Most brands would see this as a great, money-making mistake (take that, stupid paying customer!!). But the Huron team actually tells their customers to use less product (even though itā€™s going to delay their next order)

To me, thatā€™s a tangible example of what it looks like when youā€™re not set on extracting revenue from your customers. Theyā€™re leading with trust and, in Mattā€™s words, focusing on ā€œthe humanization of brand.ā€

I highly recommend this one because Matt shares some really fantastic email marketing ideas that are begging to be swiped.

šŸŽ™Listen now: Up Next In Commerce - The Difference Between Men and Women in Marketingā€‹

. . .

Impact, Intention, and Scale (aka Vibes > Metrics)

Val Geislerā€™s approach to email marketing is the opposite of extractive. So when she dropped this little nugget just a few minutes into this episode of Conversational Commerce, I knew I was in for a treat:

ā€œYou can't have a conversation if youā€™re only talking about youā€

Valā€™s here to remind you that even though your marketing touchpoints may feel like one:many and not one:one, they still need to be two-way conversations.

Val also sharedā€¦

  • Why brands and marketers often forget that there are people behind the screens
  • What to do after you get the sale (so that your customers feel like people, not credit cards)
  • How internal language (like calling your audience ā€œLeadsā€ or ā€œConsumersā€) can seep into your customer-facing conversations (and why getting clear on your intention can change this)
  • Why customer advocacy is more important than revenue metrics (which means you might want to find a way to measure impact)
  • Her approach for doing ā€œthings that donā€™t scaleā€

This episode is equal parts customer advocacy and email marketing (two of Valā€™s areas of expertise) and the perfect complement to Mattā€™s episode. Listen to them back to back and you'll notice some consistent themes.

šŸŽ™Listen now: Conversational Commerce - Val Geislerā€‹

Delight Discovery

Let's celebrate brands that are doing things right, raising the ecommerce bar, and delighting their customers. This weekā€™s Delight Discovery comes from a (now) happy OLIPOP customer. Letā€™s see how Eli handled it (and celebrate the end of an era now that Eli has announced his new role at Jones Road Beauty):

twitter profile avatar
Kyle Marsden
Twitter Logo
@kupcake_189
February 27th 2022
1
Retweets
10
Likes

šŸ„° Kyle started as a very unhappy customer just 9 days before this exchange. On February 19, he tweeted, ā€œWho in their right mind drinks OLIPOP? I never wanna taste that ish againā€ (and kindly didnā€™t tag the brand while dragging them)

šŸ„° Eli found this tweet anyway (because searching for your brand name on Twitter is probably a smart idea!) and did two amazing things. 1) he acknowledged that taste is subjective and thanked the customer anyway, and 2) offered to send Kyle a free variety pack to see if he could find a flavor that suits him

šŸ„° The end result speaks for itself. Kyle knows that OLIPOP went above and beyond here with this solution (that straddles the line of reactive and proactive CX) and now heā€™s a happy customer!

Buried Treasure

When we listen to customers, we find buried treasure. Hereā€™s this weekā€™s featured product review thatā€™s full of swipe-worthy customer language.

So, since my son was born over 2 years ago my pits stink!!! I'm not talking a little stink, but rotten onion stink. I have tried EVERY single deodorant out there. I've tried Native, Certain Dri, Secret, Lume....probably all of them. I got this deodorant on the 8th, today is the 18th. My pits have not stunk one time. I can even believe it. They dont sweat sweat either. I didnt shower for 2 days taking care of my sick kids, still no stink!!! I could cry!! Buy this, it's amazing and no aluminium!!!"
ā€‹

This review represents one of my favorite types of customer: the skeptic. Letā€™s look at the meaning behind some of her language:

  • She feels that sheā€™s the exception - that no natural deodorant could contain her ā€œrotten onion stinkā€
  • Sheā€™s tried ā€œEVERY single deodorant out thereā€ and they simply donā€™t work for her (which probably reinforced her own sense of terrible stinkiness!)
  • But now sheā€™s found a product that works and she ā€œcanā€™t even believe itā€

Seems like this brand is the deodorant that makes you realize thereā€™s nothing wrong with you (itā€™s those other brands who were only in it to take your money and not deliver a product that works!)

Bonus takeaway: Look at the word cloud that Amazon pulled for this product on the reviews page. Right there alongside features & ingredients are ā€œnone have workedā€ and ā€œtried every.ā€ If your products have this, speak to the skeptics in your messaging!

An Amazon product review page says, "Read reviews that mention:" and then lists a word cloud of search terms. Some of the terms are "baking soda" "sensitive skin" "none have worked" and "tried every"
ā€‹

CX Twitter

I'm working to find the best of CX Twitter. Here are a few Tweets (new and old) that caught my eye this week.

twitter profile avatar
Matthew Bertulli
Twitter Logo
@mbertulli
February 18th 2022
0
Retweets
32
Likes

Looking for a way to strike up a conversation with your customers? Browse the post-purchase survey prompts shared in the replies to Matthew's tweet.

twitter profile avatar
Val Geisler
Twitter Logo
@lovevalgeisler
May 29th 2020
14
Retweets
91
Likes

Hereā€™s another reason why we canā€™t keep extracting money from people: because money isnā€™t infinite (unless your customers are billionaires - their money is infinite). You canā€™t ā€œextract as much money as possibleā€ from every website visitor because people have other things to do with their money besides buy from your brand.

twitter profile avatar
Monica Grohne
Twitter Logo
@MonicaGrohne
March 7th 2022
0
Retweets
12
Likes

Monica reminding us to think through the customer journey! You have to earn their loyalty (and that doesnā€™t happen before they even receive their first order!)


Let me know what kind of CX, marketing, and customer-focused curiosities you've been exploring lately. I'd love to hear what you've discovered.

- Megan

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