How do you balance metrics focused on retention and expansion for large accounts?
1 Answer
Board Member and Advisor • April 12
This question asks about balancing metrics focused on retention and expansion as if they're on opposite sides of a seesaw. They aren't. The path to expansion travels squarely through the metrics you would measure for retention. In other words, you have to earn the right to retain business before you should even fathom expanding.
Large accounts are going to expand in two main ways: buying more product or more new teams buying what one team already bought. Both of these expansion paths can only be tread if you are delivering value to the original team for their original purchase.
So green lights on retention mean you can then - and only then - run plays to expand the engagement.
783 Views
Top Customer Success Mentors
Meenal Shukla
Gainsight Senior Director of Customer Success
Natasha Evans
Hook Head of Customer
Trevor Flegenheimer
AlertMedia VP, Customer Success
Rebecca Warren
Eightfold Director, Customer Success
Oliver Nono
Zendesk Interim RVP, Customer Success
Nicole Alrubaiy
Jellyfish Senior Vice President, Customer Success
Jessica Haas
Appcues Chief of Staff & VP of CX
Michael Maday
Gainsight Senior Director, Customer Success
John Brunkard
Salamander Advisory Senior Associate, Customer Success Practice
Matt Kiernan
HubSpot Senior Director, Customer Success
Related Questions
What are three things you can start doing to begin building an Enterprise Customer Success motion?How do you quantify if your organization needs Enterprise Customer Success?What suggestions would you have for a seasoned product marketer to successfully transition to a sales enablement role?What key metrics and KPIs do you track for success with enterprise clients?What is your favorite interview question or scenario for an Enterprise Customer Success Manager?How can a CS leader stand out in today's job market if they were not previously responsible for revenue targets?