3-5A's Customer Conversion Model
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Transcript of 3-5A's Customer Conversion Model
![Page 1: 3-5A's Customer Conversion Model](https://reader034.fdocuments.in/reader034/viewer/2022042706/5884128c1a28ab95518b6127/html5/thumbnails/1.jpg)
TRUE CUSTOMER CONVERSION MODEL
CUSTOMER
prospect
prospectprospect
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customerconversion
changeofcustomerstateofmindorbehaviour
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Whichmodelisright?
E.K.Strong
• awareness A• interest I• desire D• acBon A
DaveMcClure
• aqiusiBonA• acBvaBonA• returnR• revenueR• referalR
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notAIDA
E.K.Strong
• awareness A• interest I• desire D• acBon A
Whatisaproblem?
• Awareness,Interests,Desirearestatesofcustomer’smind…
...andmeasuringthemisquesBonableastheyare
fluctuaBng
• ItnottruecustomermakesjustonefinalacBon.
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neitherAARRR
Whatisaproblem? DaveMcClure
• aqiusiBonA• acBvaBonA• returnR• revenueR• referalR
Itismeasurable,but..• …itdoesnotapplytoevery
product.Whilepeoplemaketheirdecisionssameway,always.
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neitherAARRR
Whatisaproblem? DaveMcClure
• aqiusiBonA• acBvaBonA• returnR• revenueR• referralR
Itaddressesbehavioursthusitismeasurable,but..
• WhytheseparBcular5steps?
• AcquisiBon≠acBonofcustomer
• AcBvaBonisnotspecificenough
• Referral=0%,conversion=0%
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Whatisrightapproach?
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1st
Peoplehavingajobtodo,hireproductstodothejobforthem.
ClaytonM.Christensen
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behaviorsof(hiring)customers
Arrive
Accept
Apply
InterestedCustomervisitsaplace,wheregoodorserviceispresented.
Customerhiresit,ifheacceptsitsvalue.
Customerappliesittodoajobforhim.
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2nd
CustomersrequiremoBvaBontoact.
mo5va5on=expecta5onofvalue
behavioralpsychology
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customermoBvaBon
Arrive
Accept
Apply
Customerexpectstolearnrealvalue.
Customerexpectstogetaprooveofvalue.
Customerexpectstogetvalue.
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valuepercepBon
achievablecosts
requiredresults
desiredrewards
• VALUE is true if all 3 elements are TRUE • sequence is irrelevant
ExpectancyTheoryV.Vroom
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acBonsproovingvalueacceptace
Arrive
AcceptREWORD
AcceptRESULTS
AcceptCOSTS
Apply
byCHOOSING
byCONFIRMING
byBUYING
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3rd
CurrentCustomersare
asourceofinvoluntaryreferralthatmakesreachingProspectspossible.
conclusionfromEricRies
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3typesofinvoluntaryreferral
EricRies
PaidadverBsing
• CustomersfinanceitaccepBngprofitableprice
Meto
• Prospectsfollowexampleofcurrentusers
Viral
• Customersneedtoinvolveotherstoconsumeaproduct
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involuntaryreferral
Arrive
Accept
Apply
involuntary
REFERR
AL
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3-5A’scustomerconversionmodel
3A’s 5A’s
3-5A’sCUSTOMERCONVERSIONMODELbyKRZYSZTOFCEMBROWSKIislicensedunderaCreaBveCommonsAdribuBons
–ShareAlike4.0InternaBonalLicese.
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5A’s onlineshoes’store
Arrive
AcceptREWORD
AcceptCOSTS
AcceptRESULTS
Apply
Customervisitsanonlinestoreadractedbygivenpromiseofvalue.
Customerselectsshoes.
Customerbuysthem.
Shoesaredeliveredtocustomerandheacceptsresultsbynotreturningthem.
Customerbuysshoesintheonlinestore,repeatedly.
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3A’s potatochips
Arrive
AcceptREWORD
AcceptCOSTS
AcceptRESULTS
Apply
CustomerwanBngasnacknoBcepotatochipsatfoodstore.
Customerchooseandpickupabagofchips.UNMEASURED
Customerbuysthem.
Customereatsthem.UNMEASURED
Customerpurchases(andeatsthem),repeatedly.
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5A’s acar .
Arrive
AcceptREWORD
AcceptRESULTS
AcceptCOSTS
Apply
Customervisitsproducer’sonlinesiteadractedbyadverBsing.
Customerconfigurscaronlineandordersatestdrive.
Customerteststhecarandconfirmshis/heracceptanceofresults.
Customerbuysthecar.
Customerusethecar,repeatedly.
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KRZYSZTOFCEMBROWSKI
3-5A’swillhelpyou:
• learncompeBBvenessofyourproduct
• discoverwhatyouneedtoimprove