Customer Relationships
Startup
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| Module 1 | Startup English | |
| Unit 1 | Startup your Business Pretest | |
| Unit 2 | Understanding Customers Problems | |
| Unit 3 | Ideation process | |
| Unit 4 | Prototype your Idea | |
| Unit 5 | Evaluate and Refine your Prototype | |
| Unit 6 | Identify your Customer Segment | |
| Unit 7 | Value Proposition | |
| Unit 8 | Channels | |
| Unit 9 | Customer Relationships | |
| Unit 10 | Revenue Streams | |
| Unit 11 | Key Resources | |
| Unit 12 | Key Activities in a Business | |
| Unit 13 | Key Partners | |
| Unit 14 | Cost Structure Elements | |
| Unit 15 | Startup your Business Posttest |
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Your customer relationship will influence the experience that they will have with you and the frequency of engagement with them.
Here are 5 commonly used customer relationships:
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Self Service or Automated relationships where clients can conduct most or all of the service they need without assistance by anyone in your business. A lot of monthly subscription or online services follow this model
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Personal Relationships where your direct teams are involved in selling and servicing your clients. This is common in physical retail, high value and corporate sales.
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Co-Creation Relationship where clients contribute to the growth of your business, such as the case with social media sites
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Transactional Relationship where the client can use your product and service once and might never have the need to return to you and use it again
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Switching Cost are sticky relationships where it becomes difficult for a client to change a service since they have invested so much time and effort into the relationship. First movers in this type of relationship have the most to gain
Determine which one of these relation types has the most value to your business and to your clients’ experience.
Instead of selling the app upfront and loosing the possibility of selling more services in the future, Julie decides to have the schools she is targeting "pay as they go" by paying for the active number of students using the apps per month. This way, they don't have to invest a big amount of money upfront and would maintain an ongoing relationship with Julie's company.
The golden rule for every business man is this: ‘Put yourself in your customer’s place.' Orison Swett Marden