Customer Journey: Example Output
Segment: Small Business Owners
Journey map based on data from 25,000 customers over 12 months.
Journey Stages Analysis
Awareness
Pain Points:
Unaware of community bank benefits
Confused by banking options
Opportunities:
Targeted local advertising
Educational content on community banking
Consideration
Pain Points:
Comparing rates and fees
Unsure of community bank capabilities
Opportunities:
Transparent rate comparisons
Case studies showcasing small business support
Account Opening
Pain Points:
Complex paperwork
Lengthy processing times
Opportunities:
Streamlined digital application
Dedicated small business onboarding team
Ongoing Relationship
Pain Points:
Inconsistent communication
Unmet financing needs
Opportunities:
Personalized banking advisor
Proactive financial health check-ins
Key Metrics
Average Journey Duration: 28 days
Account Opening Rate: 15% (5% increase after optimization)
Customer Lifetime Value: $12,500 (25% increase)
Net Promoter Score: 68 (12 point increase)
Critical Touchpoints
Local business association events (32% of first touchpoints)
Product comparison webpage (28% drop-off rate)
Online application form (60% completion rate)
Quarterly business review meetings (85% satisfaction rate)
Behavioral Insights
65% of small business owners prefer digital channels for routine transactions but value in-person support for complex needs
Customized financial advice increases product adoption by 30% and customer loyalty by 40%
Small business owners who attend educational events have a 55% higher engagement rate
Lack of community involvement is the primary reason for 38% of customer churn, followed by uncompetitive rates (25%)
AI-Driven Optimization Recommendations:
Develop a user-friendly product comparison tool emphasizing community bank advantages to reduce consideration stage drop-offs
Implement a digital application tracker with personalized support to improve account opening completion rates
Launch a series of small business financial health webinars to boost engagement and demonstrate expertise
Create a community impact dashboard highlighting local initiatives to differentiate from competitors and reduce churn
Offer tailored financial solutions based on business stage and industry to increase product relevance and adoption
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