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Customers are an organization's greatest asset. For organizations looking to grow and scale their business, educating potential customers in the early stages of the customer lifecycle is key to success.
In general, “customer success” is trending up. In March 2010, the average monthly search volume for “customer success” on Google was 23. In March 2017, that number increased to 98. That is over a 300% increase in interest.
According to Barry Kelly, CEO and co-founder of Thought Industries, online learning businesses should educate and nurture their customers at every stage of the educational lifecycle, starting with the acquisition stage.
Why? Presale educational materials could convince potential customers to convert by making a complex, technologically advanced product more approachable. Kelly explains, “Very complex products require complex training.”
According to Bill Harvey in Consumer Education Produces High ROI, people who engage with a company’s educational marketing offerings are 29 times more likely to purchase a product than those who are informed through media advertising alone.
In addition to increasing sales, organizations should focus on presale educational materials is because products are becoming more complex and technologically advanced.
Here are some additional benefits of educating potential customers in the acquisition process:
There are a number of ways to educate potential customers in the acquisition process. In a presentation at Learning Solutions 2017 Conference and Expo, Kelly suggested creating learning materials specifically for people in acquisition.
Examples of those educational programs include: