MAKE IT AN EXPERIENCE Amy Shepherd Brian Humphrey Cailin Radcliffe “It’s our job every day to make every important aspect of the customer experience a little bit better” – Jeff Bezos 2 WHAT MAKES A MEMORABLE EXPERIENCE? 3 GREAT EXPERIENCES ARE DIFFERENTIATORS 4 THE GROWING IMPORTANCE OF EXPERIENCES • 9 out of 10 US consumers say they would pay more to ensure a superior experience • Americans tell an average of 9 people about good experiences, and tell 16 people about poor experiences • Consumer spending on experiences has increased 70% since 1987 • 78% of millennials would rather spend money on a desirable experience vs. product purchases 5 6 7 OUR CUSTOMER EXPERIENCE FOCUS WHERE WE STARTED … “My customers would come away from a Kitchen Show with tips on what they saw and learned that night, as well as easy-toprepare, time-saving recipes” – Doris Christopher CONFIDENTIAL 9 … WHERE WE ARE TODAY Delivering a great customer experience through incredible shows and service is what sets Pampered Chef apart from other cookware brands 10 “Pampered Chef is truly loved by its customers because it has found a need and filled it exceptionally well, helping everyday home cooks become masters of their own home kitchens and making mealtime preparation quick, easy and fun” - Warren Buffett 11 OUR EXPERIENCE BIG BET TEAM 12 OUR TEAM’S GOALS • • Enhance current customer experience Create new experiences and services that leverage our combined strengths – Your Experience and Expertise – Our Brand Strength & Reputation • Support and enhance your success 13 OPTIMIZING EXISTING SHOW AND DEVELOPING NEW SERVICES Customer Research/Insights, Field Feedback, and Pilots Optimize Existing Show Develop New Services/Experiences Strength of Product and Experience Trusted Brand Strong Field Organization 14 OUR DESIGN THINKING PROCESS Customer / Market Insights Define Problem & Brainstorm Solutions Refine & Prioritize Solutions Pilot Solutions Collect Field and Customer Feedback Iterate & Improve 15 NET PROMOTER SCORE ‘NPS’ • • • • NPS is a standardized measure of customer satisfaction We’ve asked over 150K hosts and guests : Would you recommend attending (or hosting) a Pampered Chef show to your family and friends? Our score from hosts is really strong, but the score from guests is below other best in class companies such as Apple or Nordstrom Guest experience is important because leads to more bookings and sales 16 SURVEY AND INTERVIEW FEEDBACK Guests reported they love: • Products and the opportunity to “try before they buy” • Fun recipe ideas and food or product tips Guests reported they disliked: • Pressure to host the next party or become a Consultant • The slow check-out process Hosts reported: • Loved earning rewards, and sharing PC with friends • Discomfort sharing link between sales and host rewards • Feeling of pressure 17 HOW CAN WE IMPROVE CUSTOMER EXPERIENCE? 18 “Do what you do so well, that they will want to see it again and bring their friends” – Walt Disney 19 OUR CUSTOMERS VALUE LEARNING • • Guests are more engaged when they are learning Help your team think of ways to: – Include even more food and product tips – Food history is great to share at their shows 20 OUR CUSTOMERS DESIRE HEALTHY QUICK MEALS • • Consumers are interested in cooking healthy meals with fresh ingredients, in 30 minutes or less, that still feel ‘from scratch’ Help your team suggest new recipes that are quick, healthy and fun. 21 WE CAN PROVIDE A BALANCED SHOW EXPERIENCE • We learned the guests and hosts least like the feeling of obligation at shows • Your show is like a recipe, hearing great tips, trying the products and socializing are the main ingredients. Your booking and recruiting messages are the seasoning – essential to include, but you don’t want them to be overpowering or too lengthy 22 WHAT ARE WE DOING WITH EXPERIENCES FOR THE REST OF 2016? 23 OUR NEXT STEPS • Our Experience Big Bet Team will continue to learn, pilot and refine experiences in 2016 • We are already mapping out how to optimize the current show, as well as looking at piloting new experiences so look more news, results and information in the coming months! • This will continue to be a critical focus for us moving forward 24 25
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