THE SAAS GLOSSARY

Customer Advocacy: Drive Growth Through Loyal Customers

Updated: July 13th, 2024
Published: July 13th, 2024
Customer Advocacy: Drive Growth Through Loyal Customers

Contents

Customer Advocacy is an essential concept for B2B SaaS companies aiming to leverage their most loyal customers for growth.

What is Customer Advocacy?

Customer Advocacy refers to the strategic efforts made by a company to convert its satisfied customers into proactive advocates. This includes initiatives to encourage positive word-of-mouth, customer referrals, testimonials, and participation in case studies.

Examples of Customer Advocacy

For instance, a B2B SaaS company might launch a customer referral program offering discounts or incentives for every new customer introduced. Another example is featuring customer success stories in marketing materials to showcase real-world benefits and build trust.

Why is Customer Advocacy Important?

Customer Advocacy is vital because it helps drive organic growth through trusted recommendations. Advocates amplify your brand's reach, enhance credibility, and contribute to revenue growth by bringing in new customers with significantly lower acquisition costs.

Best Practices for Customer Advocacy

To harness Customer Advocacy effectively, ensure you provide exceptional customer service and experiences. Collect and act on customer feedback, establish a structured referral program, and recognize and reward your most vocal advocates.