{"id":163919,"date":"2023-01-27T12:21:36","date_gmt":"2023-01-27T18:21:36","guid":{"rendered":"https:\/\/www.digitalmarketer.com\/?p=163919"},"modified":"2023-01-27T12:21:37","modified_gmt":"2023-01-27T18:21:37","slug":"cvj-ascend","status":"publish","type":"post","link":"https:\/\/www.digitalmarketer.com\/customer-value-journey-posts\/cvj-ascend\/","title":{"rendered":"Ascend"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

At this stage, your goal is to generate repeat buys and real profits. While your entry-point offer was designed for conversions, your ascension offers should be geared for profits\u2014because if you\u2019re serving your customers well, they\u2019ll want to buy again and again.<\/p>\n\n\n\n

Ascension offers may be simple upsells made after that initial purchase\u2026 bigger, better solutions\u2026 or \u201cdone for you\u201d add-ons.<\/p>\n\n\n\n

So now we must ask ourselves, what is our core flagship offer and how do we continue to deliver value after the first sale is made? What is the thing that we are selling? <\/p>\n\n\n\n

How we continue to deliver value after the first sale is really important, because having upsells and cross sales gives you the ability to sell to customers you already have. It will give you higher Average Customer values, which is going to give you higher margins. Which means you can spend more to acquire new customers. <\/p>\n\n\n\n

Why does this matter? It matters because of this universal law of marketing and customer acquisition, he or she who is able and willing to spend the most to acquire a customer wins.

Very often the business with the best product messaging very often is the business that can throw the most into customer acquisition. Now there are two ways to do that.<\/p>\n\n\n\n

The first way is to just raise a lot of money. The problem is if you have a lot of money, that doesn\u2019t last forever. At some point you need economics. <\/p>\n\n\n\n

The second way, and the most timeless and predictable approach, is to simply have the highest value customers of anyone in your market. If your customers are worth more to you than they are to your competitors, you can spend more to acquire them at the same margin. <\/p>\n\n\n\n

If a customer is worth twice as much to you than it is to your competitor, you can spend twice as much trying to acquire them to make the same margin. You can invest in your customer acquisition, because your customers are investing in your business. You can invest in your customer experiences, and when we invest more into the customer we build brands that have greater value. Meaning, people are more likely to choose you over someone else, which can actually lower acquisition costs. <\/p>\n\n\n\n

Happy customers refer others to us, which is called zero dollar customer acquisition, and generally just ensures you\u2019re making a bigger impact. You can invest more in the customer experience and customer acquisition process if you don\u2019t have high margins. <\/p>\n\n\n\n

If you deliver a preview experience, you can utilize revenue maximizers like up sells, cross sales, and bundles. These are things that would follow up the initial sale or are combined with the initial sale to increase the Average Customer Value.

The best example of an immediate upsell is the classic McDonalds, \u201cwould you like fries with that?\u201d You got just a burger, do you also want fries with that? <\/p>\n\n\n\n

What distinguishes an upsell from other types of follow up offers is the upsell promise, the same end result for a bigger and better end result. <\/p>\n\n\n\n

What\u2019s your desired result when you go to McDonalds? It\u2019s not to eat healthy food, and it\u2019s not even to eat a small amount of food. When you go to McDonalds your job is to have a tasty, greasy, predictable inexpensive meal. No one is going there because it\u2019s healthy, you\u2019re going there because you want to eat good. <\/p>\n\n\n\n

It\u2019s predictable. It\u2019s not going to break the bank for a hamburger, neither will adding fries or a Coke. It\u2019s the same experience, but it\u2019s BIGGER and BETTER. <\/p>\n\n\n\n

Amazon does this all of the time with their \u201cCustomers Who Bought This Also Bought \u2026\u201d But this one is algorithmic. The point of a cross sell is that it is relevant to the consumer, but it doesn\u2019t necessarily have to be aligned with the original purchase. What you don\u2019t want to do is start someone down one path and confuse them.

You can make this process easy with Bundles and Kits. With a bundle or a kit you\u2019re essentially saying to someone, \u201cyou can buy just one piece, or you can get this bundle that does all of these other things for a little bit more. And it\u2019s a higher value.\u201d

The idea behind bundles and kits is that we are adding to the primary offer, not offering them something different. We\u2019re simply promising to get them this desired result in higher definition. <\/p>\n\n\n\n

The Elements of High-Converting Revenue Maximizers (like our bundles and kits) are:<\/p>\n\n\n\n

    \n
  1. Speed<\/li>\n<\/ol>\n\n\n\n

    If you\u2019re an e-Commerce business, selling a physical product, this can look like: offering free shipping for orders $X or more. We\u2019re looking to get your customers the same desired result, but with less work for them.<\/p>\n\n\n\n

      \n
    1. Automation<\/li>\n<\/ol>\n\n\n\n

      If you\u2019re a furniture business, and you want to add a Revenue Maximizer, this can look like: Right now for an extra $X our highly trained employees will come and put this together for you. <\/p>\n\n\n\n

        \n
      1. Access <\/li>\n<\/ol>\n\n\n\n

        People will pay for speed, they\u2019ll pay for less work, but they will also pay for a look behind the curtain. Think about the people who pay for Backstage Passes. Your customers will pay for a VIP experience just so they can kind of see how everything works. <\/p>\n\n\n\n

        Remember, the ascension stage doesn\u2019t have to stop. Once you have a customer, you should do your best to make them a customer for life. You should continue serving them. Continue asking them, \u201cwhat needs are we still not meeting\u201d and seek to meet those needs. <\/p>\n\n\n\n

        It is your job as a marketer to seek out to discover these needs, to bring these back to the product team, because that\u2019s what\u2019s going to enable you to fully maximize the average customer value. Which is going to enable you to have a whole lot more to spend to acquire those customers and make your job a whole lot easier. <\/p>\n\n\n\n

        Now that you understand the importance of the ascend stage, let\u2019s apply it to our examples.<\/p>\n\n\n\n

        Hazel & Hem could have free priority shipping over $150, a \u201cBoutique Points\u201d reward program with exclusive \u201cdouble point\u201d days to encourage spending, and an exclusive \u201cStylist Package\u201d that includes a full outfit custom selected for the customer. <\/p>\n\n\n\n

        Cyrus & Clark can retain current clients by offering an annual strategic plan, \u201cDone for You\u201d Marketing services that execute on the strategic plan, and the top tier would allow customers to be the exclusive company that Cyrus & Clark services in specific geographical territories.<\/p>\n\n\n\n\n \n<\/a>\n","protected":false},"excerpt":{"rendered":"

        Customer Value Journey Ascend Stage Explained <\/p>\n","protected":false},"author":6607,"featured_media":163972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[178,172],"tags":[320,321,55,117,113,114],"class_list":["post-163919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ascend","category-customer-value-journey-posts","tag-customer-value-journey","tag-cvj","tag-digital-marketing","tag-lead-generation","tag-marketing-strategy","tag-sales-funnel"],"acf":[],"yoast_head":"\nAscend | DigitalMarketer<\/title>\n<meta name=\"description\" content=\"Customer Value Journey Ascend Stage Explained\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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