Help CSMs drive more renewals and upsells

The value of most enterprise companies is dictated not just by growth and new revenue, but by renewals and upsells. Wall Street rewards companies with high renewal rates and punishes companies with low renewal rates. Customer Success teams are the 'sales' team when it comes to renewals and upsells, and content is the key to engaging customers.

The true worth of enterprise companies extends beyond mere growth and new revenue
Importance of renewals and upsells for the value of enterprise companies

Companies are subject to Wall Street's judgment, which rewards high renewal rates but penalizes those with low renewal rates. In this context, the challenge is identified in the role of Customer Success teams as the primary driver for renewals and upsells, where effective content becomes pivotal for engaging customers and ensuring sustained business success.

Strategies for effective product updates and knowledge sharing

Webinars targeted towards existing customers are a good way of sharing product updates and new announcements. Peer-to-peer customer communities are another channel to facilitate knowledge sharing. Participation, attendance and engagement rates are a challenge for many marketers. CSMs use a mix of 1:1 and automated blast emails.

What’s known
Provide CSMs easy-to-use bite-size videos

Convert webinars into content that CSMs can use to proactively nurture customers.

Give CSMs content that falls in three categories -Thought-leadership - because customers want to learn new best-practices and trendsProduct-specific - to drive more usage of specific features or new productsCommunity-focused - to drive social proof and community engagement.

Multimedia content makes it easier for audience to absorb the message. Record your message as a webinar/video and turn it into bite-size, quick-to-consume pieces that you can embed in your Help center, Community pages, or anywhere else that you engage with customers.

New Insight
Incorporating renewal and upsell-focused webinars

Add renewal and upsell focused webinars to your schedule. These could be customer interviews which can also be used for top-of-the-funnel marketing or peer-learning sessions.

Ask CSMs to share content based on customer interest and progress. This is usually captured during CSM calls and periodic briefings. Customers love content that is specific to them.

If you have sophisticated customer management software that captures customer actions tied to feature usage, you can set up sophisticated content targeting that allows you to take content generated in Parmonic and serve to customers based on their actions in your product.

Upload bite-size videos to your dedicated Help center (like Zendesk, a Parmonic customer).

Parmonic How-to
Boosting customer success impact through short, automated videos

Empower your Customer Success Managers (CSMs) with attention-grabbing short videos to enhance customer engagement. Streamline the process with automated video creation, allowing CSMs to efficiently communicate key messages. This approach not only captivates your audience but also showcases a tangible impact on renewal rates.

The Outcome

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