Winning and Keeping Customers for Long-Term Sustainable Value

VengresoDigital Selling Winning and Keeping Customers for Long-Term Sustainable Value
Steve Paul - Social Business Engine

Winning and Keeping Customers for Long-Term Sustainable Value

Steve Paul, Vice President of Sales and Commercial Operations at Breg is the featured guest on episode 191. Breg is a manufacturer of sports rehabilitation products and solutions. Steve is responsible for a global team that drives customer acquisition and retention. My conversation with Steve is focused on a business challenge that all businesses face – winning and keeping customers for long-term sustainable value. We all want to win and retain customers. On this episode, Steve explains how the customer segmentation and customer mapping process have enabled Breg to increase from 50% to 70% of customers being on a retained solution program.

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Breg Mission Image

Strategizing Around the Business Challenge

Steve has been in this role at Breg for five years and has noticed how the markets shift, and the customer landscape continually evolves. He says everyone calls on the same customers within the industry and offers what looks like similar offerings. Breg wanted to figure out how to differentiate between the traditional brand proposition and value-added solutions.

Their approach started with looking at their existing customer base and competitive capture. They now look at business solutions that are tailored to customer needs. Breg segments based on revenue tied to a solution. Steve says some customers purchase products a la carte and others make purchases through a reciprocal business relationship. Tune in to learn about Breg’s customer workflow and how it helps them to understand customer challenges and drive long-term, sustainable customer value.

Learn about Breg's customer workflow and how it helps them to understand customer challenges and drive long-term, sustainable #customervalue. @sbengine @bernieborges #ModernCRMClick To Tweet

Breg Orthopedic Episode Image

Customer Mapping to Win and Keep Customers

Breg’s customer mapping begins with segmentation. Steve notes that there’s a difference between the a la carte purchases and purchases made through a platform. Next, detailed segmentation allows an understanding of your position in the account, their willingness to collaborate with you, and willingness to build on the relationship.

In mid-2015, Breg began using customer mapping. At the time, about 50% of customers mapped to one of their two customer solutions. One solution is focused on helping their customer drive revenue, and the other is focused on helping their customer cut costs out of the system. Today, more than 70% of their total business is mapped to a solution. Mapping customers to your most valuable solution offerings is a valuable exercise to develop sustained long-term value in customer relationships.

Breg encourages everyone to work together internally as “one team.” They connect the marketing team with the sales team to get things done. Steve says the collaborative nature and the teamwork are visible in the business results.

Steve Paul says, 'The collaborative nature of joining #marketing with the #sales team is visible in business results.' @sbengine @bernieborgesClick To Tweet

Identifying resources for customer relationship building and driving revenue growth is essential. Resources in this context are headcount and budget. If you don’t know the size of the opportunity along with the competitive landscape in each opportunity, you can’t confidently predict what resources are needed to achieve your customer growth and retention goals. Listen to our conversation to find out what drivers determine how Breg allocates their commercial resources.

Once you know what you need to do, Steve says to lean into it, and get it done! You shouldn’t hesitate to make the moves. Steve notes that not all customers are created equal, and you have to build a strategy to maximize customer relationships. On episode 191, you’ll learn how Breg segments customers and strategizes to build customer relationships for long-term sustainable value. 

Advertisement: Learn about the most important think tank event for sales leaders by Frost & Sullivan.

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This podcast originally appeared on Social Business Engine.

Bernie Borges

Bernie Borges is CMO of Vengreso, the leader in digital sales transformation. He's also Host of the award winning Modern Marketing Engine podcast. His book Marketing 2.0, was an early playbook in social media strategy. Bernie is also a trainer and speaker. He has a passion for guiding clients in aligning marketing and sales for accelerated revenue results. Bernie enjoys kayaking with his family in Tampa Bay, going to hockey games and you'll find him at the gym at 6am Monday through Friday, rain or shine.

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