Customer award program KPIs...
Thanks to everyone who answered previous questions about customer awards. I'm being asked to add KPIs to tracking. For those of you who have run awards (I inherited this, so I don't know how we measured previously), how did you measure the program and its success? What were your overall goals?
A few that are top of mind for me:
Like you, we ran our first awards program alongside our virtual summit/conference.
We included some of the measures outlined above, but we kept our goals more objective-focused.
I've attached some of the recap slides. One of the executive champions at an account kept promoting the crap out of the awards, opening the door to expand into other new groups at that company. So those are the types of stories we told, about how this was a feel-good for our customers and created recognition within their org that would actually elevate us to their executive team.
What and have shared here is absolutely perfect.
One thing I would double click on, though, is the last point made as it's hard to codify. But I would describe it as Pride. Do your customers/winners view it as somethign worth sharing with the world and how do they end up doing it. With both the Grots and the awards at my previous role, we had winners put it up on their website or in their collateral without us even saying 'hey, can you do that for us'.
But in general, it's hard to put a number or a metric on pride.
Our CMO is so numbers focused...he comes from a demand gen world. So anything that isn't numbers driven is really tough to get by with him.
I would definitely stick to your revenue options then. You can also look at opened renewals/expansions with the customers represented in your awards program for the following 6 or 12 months.
for those who haven't already done case studies before, definitely doing the leveraging for later. π
I haven't read this entire thread b/c I only have a few minutes, but I'm kicking the tires on this same type of program and something I think is important (forgive me if this was already said) is that this kind of activation is often very top-of-funnel, and therefore the metrics that are important to your goals may not tie directly to conversion/revenue if you aren't equipped with a robust attribution model. If doing so is all your CMO cares about, then this is a way to have that discussion.