Episode 18

full
Published on:

21st Jul 2022

The Beauty of Visualizing Customer Service with Carl D'Agostino Founder & CEO of Solvpath

Carl D’Agostino is the Founder & CEO of the AI-driven customer support technology company Solvpath. He shares how solving customer service issues for his own eCommerce brands gave birth to Solvpath.

Three things in this episode that we dive into.

1️⃣. How to use self-service support to grow an e-commerce brand

2️⃣. Why customer support interactions enable Data-driven decisions

3️⃣ The importance of AI in user experience-focused design in customer support

Request a Demo: www.getsolvpath.com

Website: www.solvpath.com

Linkedin: www.linkedin.com/company/solvpath

Facebook: www.facebook.com/solvpath

Twitter: https://twitter.com/solvpath

Youtube: https://www.youtube.com/channel/UCMVqmZt9z180O4k5tDwRdCA

Support is provided by Solvpath, an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.


Get the best customer support system for your business. Get Solvpath. Get started by visiting www dot Get Solvpath dot com www.getsolvpath.com


00:00 The Beauty of Visualizing Customer Service with Carl D'Agostino, Founder & CEO of Solvpath

01:22 Intro

02:07 Building eCommerce brands

02:42 Solving a problem with Solvpath

04:25 Media Buyer view on Fintech

06:07 Solvpath is born

09:01 More than Call Center Deflection

10:03 Spinning off as Solvpath

11:26 Increasing the bottom line

15:07 Fintech and Merchant Processing Benefits

19:15 All about the data

21:15 Get & Keep more sales

24:58 Solving the Problem

25:55 Reports for everything in your funnel

27:13 Solvpath Differentiator

28:27 Solutions with Solvpath

29:36 What Success looks like for Solvpath

31:31 Three Success Tips

31:53 Don't outsource too soon

33:42 Don't be a Cheap Skate

34:10 Get feedback early and often

35:42 If starting again from scratch

37:27 Wrapping up

Transcript
Tedd Huff:

Carl welcome to the show.

Tedd Huff:

I find it so interesting.

Tedd Huff:

How your experience in building and marketing several e-commerce brands and

Tedd Huff:

how you turn that into solving revenue breakage from poor customer support.

Tedd Huff:

But before we dive into that, I just would love to understand audience probably too.

Tedd Huff:

Is it, how did you get introduced into e-commerce and FinTech in the first place?

Carl D'Agostino:

it's been about 13 years.

Carl D'Agostino:

I started with doing mostly lead generation started

Carl D'Agostino:

with some affiliate traffic.

Carl D'Agostino:

And then I started dabbling into driving my own traffic, using native and email.

Carl D'Agostino:

And I did that for a few years.

Carl D'Agostino:

And then from there I started building out my own brands.

Tedd Huff:

What kinds of brands have you built and

Tedd Huff:

where have you focused in that?

Carl D'Agostino:

We did a lead gen campaign that was primarily targeted

Carl D'Agostino:

towards women over the ages of 35.

Carl D'Agostino:

So when we got really good at that, and we realized we wanted to probably dive into

Carl D'Agostino:

maybe creating our own e-commerce product, we decided to figure out like, let's just

Carl D'Agostino:

what we're good at for targeting purposes.

Carl D'Agostino:

So we started with skincare line first, so that's we created a an

Carl D'Agostino:

anti-aging skincare line based on.

Carl D'Agostino:

Our ability to target that audience.

Tedd Huff:

You've mentioned to me in the past that you spent a lot

Tedd Huff:

of time while you were building out these marketing campaigns and

Tedd Huff:

buying advertisements and media,

Tedd Huff:

how did that background give you a different perspective on the

Tedd Huff:

problem that solvpath is solving.

Carl D'Agostino:

With Solvpath, What we realized is the

Carl D'Agostino:

formula and format anybody.

Carl D'Agostino:

That's an advertiser that's building out their own brand has been AB

Carl D'Agostino:

split testing outside of the actual media buying, playing around with.

Carl D'Agostino:

Different checkout flows, different landing pages, different copy, different

Carl D'Agostino:

content playing around with different upsells and using this visual experience

Carl D'Agostino:

to get somebody to buy your product.

Carl D'Agostino:

And then when you start diving into the media and you start looking at data sets

Carl D'Agostino:

and audiences, and you're always in, you're playing around with different ads

Carl D'Agostino:

and you're constantly AB split testing.

Carl D'Agostino:

There's always a winner, right?

Carl D'Agostino:

You're able to look at that data.

Carl D'Agostino:

And based on that data, you're able to make refinements to improve

Carl D'Agostino:

your, your click through rate, improve your conversion rates.

Carl D'Agostino:

And w after we built Solvpath, we realized using this visual experience

Carl D'Agostino:

could be used for sales, right?

Carl D'Agostino:

So we took that same formula and that same format, and we now

Carl D'Agostino:

applied it to customer support.

Carl D'Agostino:

So if you're save rates or take rates or the performance for the support

Carl D'Agostino:

is not the greatest, we're able to go ahead and dive into the data and

Carl D'Agostino:

figure out where the pain points are.

Carl D'Agostino:

And what we can do to make it better.

Carl D'Agostino:

And we can using this visual experience, playing around with the steps for that

Carl D'Agostino:

particular pain point and figure out what we can do to same way we handle

Carl D'Agostino:

the front end of a sales funnel.

Carl D'Agostino:

We're able to apply that same rule to support

Tedd Huff:

Carl.

Tedd Huff:

So how did that shape your views on FinTech being the ad media buyer?

Carl D'Agostino:

If you take a look at the ecosystem for right, we have advertisers,

Carl D'Agostino:

we have merchant processing call center.

Carl D'Agostino:

There's obviously traffic sources.

Carl D'Agostino:

So there's all these different people that play a big role in this ecosystem.

Carl D'Agostino:

And every time, when we building soft path, we always looked for solutions to

Carl D'Agostino:

not only make the customer support better, but to figure out ways of adding value.

Carl D'Agostino:

One of the things that we noticed, we had a lot of customers coming into our store.

Carl D'Agostino:

And they were coming in.

Carl D'Agostino:

It was originally built.

Carl D'Agostino:

We call it the marketplace, people coming in for customer support.

Carl D'Agostino:

These are people that are typically post sales.

Carl D'Agostino:

So when that are actually made a purchase and they're coming in and

Carl D'Agostino:

they have questions pertaining to maybe other products you have in the mix

Carl D'Agostino:

or potentially incentivize products.

Carl D'Agostino:

So we created a marketplace.

Carl D'Agostino:

And what we noticed is it allowed us to potentially.

Carl D'Agostino:

Our clients strategize a post-sale strategy.

Carl D'Agostino:

One of the biggest things that we typically, I think a lot of people

Carl D'Agostino:

have some difficulty with is coming up and forming up a post-sale strategy.

Carl D'Agostino:

And what I mean by that is the ability to actually retarget and

Carl D'Agostino:

remarket to their existing customer base and through Solvpath that

Carl D'Agostino:

they aren't existing customer.

Carl D'Agostino:

And a lot of instances, we actually have payment method already on.

Carl D'Agostino:

file So through frictionless checkout we allow that customer to very

Carl D'Agostino:

easily, very swiftly purchase another item very similar to an Amazon.

Carl D'Agostino:

If you were logged into the Amazon app you can hit a buy now button rather quickly.

Carl D'Agostino:

Sorry.

Carl D'Agostino:

That's okay.

Tedd Huff:

So yeah, that sounds very interesting, but that wasn't the original.

Tedd Huff:

That wasn't the original beginnings of Solvpath.

Tedd Huff:

From what I understand, it was really built on for as an internal solution.

Tedd Huff:

Not meant for anybody else, but the businesses that you were managing,

Tedd Huff:

and it was based on a real problem that you had in your business, help

Tedd Huff:

us understand what was that problem and what was the Genesis of why, what

Tedd Huff:

Solvpath was originally created to do.

Carl D'Agostino:

As I mentioned earlier, we build out several

Carl D'Agostino:

of our own e-commerce brands.

Carl D'Agostino:

Most of our e-commerce brands had continuity attached to it.

Carl D'Agostino:

And outside of handling the, any kind of merchant processing internally,

Carl D'Agostino:

our dev team sales media buying one of the biggest sections or departments of

Carl D'Agostino:

our company was also internal customer support and being really dialed into

Carl D'Agostino:

our call center scripts on this.

Carl D'Agostino:

Customer's needs and wants on a variety of different reasons, different

Carl D'Agostino:

products, different campaigns.

Carl D'Agostino:

We noticed that 80% of our support requests were typically coming

Carl D'Agostino:

in for these top five reasons.

Carl D'Agostino:

So we came up with the idea and the concept of one, it

Carl D'Agostino:

was a cost factor, right?

Carl D'Agostino:

Ways that we were able to deflect calls from going to our call center.

Carl D'Agostino:

Because I don't know if you're aware, but typically.

Carl D'Agostino:

75% to 80% of our support requests were coming in within a four hour window.

Carl D'Agostino:

So there was lag time.

Carl D'Agostino:

There was delays.

Carl D'Agostino:

It was whole time and those customers were turning into, they were hanging up.

Carl D'Agostino:

And then what was happening was we started seeing chargebacks started kicking in.

Carl D'Agostino:

So for us, we needed to create something.

Carl D'Agostino:

And we came up with the idea.

Carl D'Agostino:

I have somewhat of a tech background and we had developers that were working with

Carl D'Agostino:

us at the time we came up with the idea is if a customer was calling in or if they

Carl D'Agostino:

were emailing us, could we give them this?

Carl D'Agostino:

Serve link that would allow them to handle their own support requests

Carl D'Agostino:

because maybe they can let them cancel their own subscription.

Carl D'Agostino:

Let them adjust the shipping frequency, let them revise their order, lets

Carl D'Agostino:

them push back the next bill date update their shipping, you name it

Carl D'Agostino:

a variety of different reasons why people would call in and it was

Carl D'Agostino:

came out with a very basic concept.

Carl D'Agostino:

And the two main reasons we did it originally was to just drive

Carl D'Agostino:

down costs and to get in front of that customer faster 24 7 365.

Carl D'Agostino:

No hold time.

Carl D'Agostino:

And originally he was also an opportunity for us to just allow

Carl D'Agostino:

that customer to have another option.

Carl D'Agostino:

If the hold time was a little bit longer, they still had the opportunity

Carl D'Agostino:

to bite on a self-service option.

Carl D'Agostino:

And we decided to go with this visual format because it's one, one what we know.

Carl D'Agostino:

And two, from my experience like, voice IVR is I'm not knocking them because we do

Carl D'Agostino:

have an entry point for our inbound calls that use a very short duration voice IVR.

Carl D'Agostino:

But I always feel that there's still very frustrated.

Carl D'Agostino:

They don't do a really good job of handling more complex issues and

Carl D'Agostino:

do well with saving the customer.

Tedd Huff:

But it isn't just a call center deflection.

Tedd Huff:

There's a whole bunch more that goes into it, right?

Carl D'Agostino:

Yeah.

Carl D'Agostino:

I mean it actually that the technology actually works well when working

Carl D'Agostino:

in tandem with their call center.

Carl D'Agostino:

There's a variety of different things that can handle email support ticketing.

Carl D'Agostino:

It can help resolve basic payment updaters it can create a

Carl D'Agostino:

ticketing system that can work.

Carl D'Agostino:

There's a knowledge base in there.

Carl D'Agostino:

So sometimes we see clients that have 40% of their inbounds or people just have

Carl D'Agostino:

questions about the product, about the billing process things that they don't

Carl D'Agostino:

want to cancel, they just have questions.

Carl D'Agostino:

And in those instances, a lot of those calls don't necessarily have

Carl D'Agostino:

those requests don't necessarily need to go to a live person.

Carl D'Agostino:

And then obviously looking at the support request and understanding

Carl D'Agostino:

people's needs and wants for all the tens of thousands, hundreds of thousands

Carl D'Agostino:

of sessions that hit our system.

Carl D'Agostino:

We're looking at the data and based on that data, we're creating new features

Carl D'Agostino:

to accommodate those requests from the consumer coming into Solvpath.

Tedd Huff:

Okay.

Tedd Huff:

This may seem like I'm going like completely out of left field on this

Tedd Huff:

one, but how did you decide that you were like going to spin off Solvpath into

Tedd Huff:

its own thing, versus just keeping it to yourself and not sharing the fantastic

Tedd Huff:

success that you were having with that?

Carl D'Agostino:

I just saw the opportunities and I saw like a void in the

Carl D'Agostino:

space and not necessarily that, but I got.

Carl D'Agostino:

Into it.

Carl D'Agostino:

I come more of a tech background and I felt like the technology

Carl D'Agostino:

could do so much more.

Carl D'Agostino:

And we have, we use Asana to manage or project tasks.

Carl D'Agostino:

And it's pretty long right now, some of the features we have wishlist and

Carl D'Agostino:

anticipating what we want the technology.

Carl D'Agostino:

So if the vision is clear as to what we want I'm pretty excited about where the

Carl D'Agostino:

technology is now, where it's going to be.

Carl D'Agostino:

But the main objective for a whole is to have this AI driven customer

Carl D'Agostino:

support technology that has.

Carl D'Agostino:

This is really awesome visual experiences, design capability, and

Carl D'Agostino:

the creativity that you can actually inject into your customer support.

Carl D'Agostino:

Making the customer support experience is really a great experience for the

Carl D'Agostino:

customers, but also achieve a performance and deliver the results that the merchant

Carl D'Agostino:

and the advertisers are looking for at the same time and our fraction of the cost.

Tedd Huff:

All these things, all this data, the self-service model,

Tedd Huff:

all of these different things.

Tedd Huff:

Like what, how is that helping increase the merchants bottom line?

Tedd Huff:

It sounds really great to have great customer service, but there's gotta

Tedd Huff:

be some measurables that are really showing to the merchants that they

Tedd Huff:

can look at, every day or every month, or whenever they look at it that

Tedd Huff:

having this self-service option is really increasing their bottom line.

Carl D'Agostino:

So outside of costs, there's a huge cost savings.

Carl D'Agostino:

You're talking, you potentially just on the, for every customer we touch

Carl D'Agostino:

versus a call center, depending on the, how detailed that call center is more,

Carl D'Agostino:

domestic style call centers that are trained very specific on your product.

Carl D'Agostino:

They can range anywhere from 80 cents to as high as a dollar 50 per minute

Carl D'Agostino:

versus, something that, Solvpath can handle could range anywhere.

Carl D'Agostino:

Yeah, it was high as 85 cents to as low as 40 cents a session.

Carl D'Agostino:

So there's this substantial cost savings.

Carl D'Agostino:

And then it also depends on your product and call duration.

Carl D'Agostino:

So if you're at a dollar.

Carl D'Agostino:

And your average talk time is six hours for certain types of calls.

Carl D'Agostino:

I'm sorry, six hours, six minutes six hours.

Carl D'Agostino:

That's quite a bit.

Carl D'Agostino:

And if it's gadget related products, like where people have troubleshooting products

Carl D'Agostino:

those the average call time on something like that, depending on the product can

Carl D'Agostino:

range anywhere from 10 to 15 minutes.

Carl D'Agostino:

So it's all relative.

Carl D'Agostino:

So there's outside of that.

Carl D'Agostino:

There's cost savings, but let's talk about performance for a second.

Carl D'Agostino:

So, if you look at performance, and that was one thing that we noticed.

Carl D'Agostino:

So I mentioned to you that we had an internal call center on our own

Carl D'Agostino:

brands that we managed, but our team internally only handled the first four

Carl D'Agostino:

dials, anything after that went to a call center, a third-party call center.

Carl D'Agostino:

And then anything after hours, the call center would get as well.

Carl D'Agostino:

And the performance from a.

Carl D'Agostino:

Trained agent internally versus someone outside.

Carl D'Agostino:

It was, there was a big difference in regards to performance, like a skincare

Carl D'Agostino:

line as an example, we sold the science.

Carl D'Agostino:

We asked them a lot of different questions to dictate how we would respond.

Carl D'Agostino:

They using other products in conjunction with our product.

Carl D'Agostino:

Are they using it as instructed?

Carl D'Agostino:

How long have you been using it?

Carl D'Agostino:

And so we had the ability to have these perfectly executed responses, but even

Carl D'Agostino:

our own internal team still was not able to give that perfectly executed.

Carl D'Agostino:

Based on sentiment on how that person called in, maybe they didn't ask the,

Carl D'Agostino:

all the questions they should have.

Carl D'Agostino:

So that's where Solvpath can come in.

Carl D'Agostino:

If you're getting 5,000 inquiries a week for a very specific reason,

Carl D'Agostino:

it allows you to have a perfectly executed response down to the billing

Carl D'Agostino:

cycle, the product, the price point.

Carl D'Agostino:

You need the data point.

Carl D'Agostino:

You want to pull and you can ask as many questions as you want.

Carl D'Agostino:

And we can actually make sure every single time that's a perfectly executed

Carl D'Agostino:

response and very similar to a sales.

Carl D'Agostino:

It's going to deliver really rigid results and good data.

Carl D'Agostino:

So you can figure out maybe on a down sell or a save attempt

Carl D'Agostino:

if it's working or it's not.

Carl D'Agostino:

And you can constantly just, there's always the right copy, the right

Carl D'Agostino:

content, the right questions to ask to dictate how and what you're going

Carl D'Agostino:

to put in front of somebody next.

Carl D'Agostino:

It's just sometimes just cracking the code for your product.

Carl D'Agostino:

Some brands just want an out of the box solution and some

Carl D'Agostino:

brands just love the idea.

Carl D'Agostino:

And mostly media buyers are people that are really into funnels.

Carl D'Agostino:

Really loved the technology and really realize like how powerful Solvpath can be

Carl D'Agostino:

for their business, but the bottom line.

Carl D'Agostino:

Yeah.

Carl D'Agostino:

It's.

Carl D'Agostino:

When you talk about retention, you talking about increasing lifetime

Carl D'Agostino:

value post-sale it's a game changer.

Carl D'Agostino:

It can be a game changer for sure.

Carl D'Agostino:

If you set up your support right.

Tedd Huff:

So, does this provide like any benefits to the merchants,

Tedd Huff:

with their relationships, with the FinTech service providers, whether it

Tedd Huff:

be charged back management or their merchant services companies or any of

Tedd Huff:

the areas in the FinTech side of the business, does this help them with their

Tedd Huff:

relationship or does it even help the FinTech service providers themselves?

Carl D'Agostino:

I think it's a bit of both.

Carl D'Agostino:

We've had a conversation a to and reference to the the benefits

Carl D'Agostino:

that Solvpath offers not only the actual merchant, but the

Carl D'Agostino:

actually entire ecosystem, right?

Carl D'Agostino:

If a customer's doing like heavy continuity I think everybody at the end

Carl D'Agostino:

of the day, we want to make sure you're getting in front of that customer a

Carl D'Agostino:

little bit faster, getting that customer what they want, reducing the, and that's

Carl D'Agostino:

what we've seen on more high risk style.

Carl D'Agostino:

Kind of sales funnels, just getting 24 7, 365, the ability

Carl D'Agostino:

to get an answer right away.

Carl D'Agostino:

We are seeing reduction in chargebacks and disputes and complaints because

Carl D'Agostino:

unfortunately, I don't know, just from a study that was done, 90% of

Carl D'Agostino:

all disputes and chargebacks come through self service technology.

Carl D'Agostino:

So whether it's an alert on your phone, whether it's something that's

Carl D'Agostino:

showing up on your digital statement.

Carl D'Agostino:

Unfortunately, we're in an environment right now that they make it way too easy

Carl D'Agostino:

for consumers to dispute and charge.

Carl D'Agostino:

So instead of picking up the phone or if they do make an effort to pick

Carl D'Agostino:

up the phone and there's no answer, if they go on hold and they hang up

Carl D'Agostino:

unfortunately there's a good chance that person might turn into a dispute.

Carl D'Agostino:

So getting in front of those customers faster, and again, we don't have

Carl D'Agostino:

to be the first line of defense.

Carl D'Agostino:

We can be the second or.

Carl D'Agostino:

We're working with an integration with Twilio for now.

Carl D'Agostino:

That's really, I'm sorry, five nine, which is a dialing technology that allows us to

Carl D'Agostino:

understand and recognize the whole time.

Carl D'Agostino:

So we know the whole time for that current customer right now is

Carl D'Agostino:

let's say two minutes or greater.

Carl D'Agostino:

Then at that point they can initiate is self-service option.

Carl D'Agostino:

Or they can use this for after hours to write, always making sure

Carl D'Agostino:

that their customer has an option and able to get what they want.

Tedd Huff:

In a number of, consulting agreement arrangements that I've had

Tedd Huff:

with some folks, we dove in to look at like how to solve for their chargebacks,

Tedd Huff:

how to solve for cancellations, a whole bunch of different things.

Tedd Huff:

And, it's interesting that we found that if in our authorizations with

Tedd Huff:

credit cards, if we were putting the.

Tedd Huff:

The URL, the support URL in there versus our main website.

Tedd Huff:

The.

Tedd Huff:

Support calls.

Tedd Huff:

Yes.

Tedd Huff:

The support tickets.

Tedd Huff:

Cause they weren't always calls.

Tedd Huff:

They were mostly like emails and things like that, but the support tickets went

Tedd Huff:

up, but the returns and the Chargebacks and everything else went down.

Tedd Huff:

Now, mind you, we didn't have a technology like Solvpath.

Tedd Huff:

It was all through email and all that other fun stuff.

Tedd Huff:

But I can only imagine if you were to couple those two things together.

Tedd Huff:

Solvpath and that, that approach, how much more breakage you could

Tedd Huff:

reduce in the overall business?

Carl D'Agostino:

Yeah, we've seen it too.

Carl D'Agostino:

And I think it has a lot to do with your demographic too.

Carl D'Agostino:

Like you have a demographic that's over the age of 50, they still can

Carl D'Agostino:

navigate, obviously for this style.

Carl D'Agostino:

Self-service I think they're more keen to going through this visual

Carl D'Agostino:

experience, but in some cases we do see people that have older

Carl D'Agostino:

demographic might want to do a hybrid.

Carl D'Agostino:

They want to just really offer those customers, both options, whether they

Carl D'Agostino:

want to put a link on their web page or on their order responders right near

Carl D'Agostino:

their phone, it's really up to them how they want to throttle Solvpath.

Carl D'Agostino:

But typically a lot of clients that are on edge of trying something different,

Carl D'Agostino:

a new, they can typically use this for after hours or just really get a good

Carl D'Agostino:

gauge of how well self has worked.

Carl D'Agostino:

Our team can go in there and make any adjustments and customize the support

Carl D'Agostino:

sessions and the steps to to get the outcome that they're looking for.

Carl D'Agostino:

And then at that point they can start ramping it up and

Carl D'Agostino:

as they feel more comfortable,

Tedd Huff:

Just about every answer you've given so far you keep going

Tedd Huff:

back to the data, you go back to the insights, you go back to the things

Tedd Huff:

that they can use to move forward.

Tedd Huff:

So my question really is like how can a user of Solvpath leverage that data and

Tedd Huff:

the insights that are provided to make better decisions about their business?

Carl D'Agostino:

One of the sections of our technology is something called

Carl D'Agostino:

our help desk, our smart help desk.

Carl D'Agostino:

So we have probably close to 50, if not close to 60% of the people that

Carl D'Agostino:

go into Solvpath, actually go to the search engine and actually type in a

Carl D'Agostino:

key phrase or go to specific FAQ's.

Carl D'Agostino:

And a lot of instances we see.

Carl D'Agostino:

What people are searching for.

Carl D'Agostino:

They're typing in certain key phrases.

Carl D'Agostino:

And a lot of our clients are actually learning about things.

Carl D'Agostino:

They didn't even know.

Carl D'Agostino:

Like we had a hundred people over the last few days, ask a question

Carl D'Agostino:

that we don't have a frequently asked question built out for.

Carl D'Agostino:

And we didn't even know that was a concern or an interest.

Carl D'Agostino:

And what's cool about the technology too.

Carl D'Agostino:

It also shows you where in the sales funnel they are.

Carl D'Agostino:

So you'll know, maybe it's on the first billing cycle.

Carl D'Agostino:

If it's maybe in trial, if it's a trial, if it's on the initial sale.

Carl D'Agostino:

So you can see where they're asking that question.

Carl D'Agostino:

And a lot of instances, you can use that information.

Carl D'Agostino:

Maybe be proactive, put it in your order responder, put it on your website.

Carl D'Agostino:

Wherever you need to potentially deflect those calls or those

Carl D'Agostino:

inquiry interests from coming in.

Carl D'Agostino:

And a lot of instances, it might've actually stopped the

Carl D'Agostino:

sale from actually happening.

Carl D'Agostino:

We had a particular product and there were gummies and one of the customer

Carl D'Agostino:

was asking, we had a lot of questions.

Carl D'Agostino:

They had no idea.

Carl D'Agostino:

One of the questions they had was, is there a sweeteners in there?

Carl D'Agostino:

And they were like, wow, how many people probably didn't buy our product?

Carl D'Agostino:

Because there was no FAQ on the landing page that mentioned no sweeteners used,

Carl D'Agostino:

if there was, if that was the case.

Carl D'Agostino:

So they obviously took that information and then they were able to deflect,

Carl D'Agostino:

obviously calls from coming in.

Carl D'Agostino:

And I would imagine their sales probably took a little bit of a spike as well.

Tedd Huff:

I'm curious because you're talking about how to support.

Tedd Huff:

Stop a negative experience from happening and very reactive.

Tedd Huff:

And in that reactive state, what comes to mind is, does this give an opportunity to

Tedd Huff:

save more sales that may have been lost?

Tedd Huff:

Does it, does this data help them know?

Tedd Huff:

Upsells are working, which ones are not working, whether or not they need to offer

Tedd Huff:

a down sell, or, and maybe I'm probably getting all these terms wrong but like

Tedd Huff:

a resell even so like maybe you bought me, maybe you bought X, Y, Z product

Tedd Huff:

and you wanted to cancel or return it.

Tedd Huff:

But then because you bought that, it's Maybe I didn't want the 40

Tedd Huff:

gallon thing of big beans and I'm just making something up.

Tedd Huff:

But I would have been happy with a 12 ounce can and you suggest to me the

Tedd Huff:

12 ounce can, so that I don't know.

Tedd Huff:

I'm just, I'm thinking through all these different ways that you

Tedd Huff:

possibly could adjust the funnel

Carl D'Agostino:

We typically create funnel templates based on your sales.

Carl D'Agostino:

We look a lot of different, a lot of different styles, sales funnels, and

Carl D'Agostino:

based on, what your checkout looks like, what your upsells look like.

Carl D'Agostino:

Continuity, no continuity.

Carl D'Agostino:

How aggressive.

Carl D'Agostino:

Okay.

Carl D'Agostino:

Are you checkout flows, what your product, price points are and what

Carl D'Agostino:

type of product you're selling.

Carl D'Agostino:

We'll look at all of that.

Carl D'Agostino:

And sometimes we'll give somebody an out of the box template that's

Carl D'Agostino:

built specifically for them.

Carl D'Agostino:

And then we'll customize off of that.

Carl D'Agostino:

Sometimes we come across sales funnels that are very unique

Carl D'Agostino:

products that are very unique and we'll build it from scratch.

Carl D'Agostino:

And our team does all that, but it all comes back down to the data.

Carl D'Agostino:

Again, sometimes a lot of instances, we ask them for their call center script

Carl D'Agostino:

with they're having success with, we asked them what their top five.

Carl D'Agostino:

Call in's are for or top 10 and they go over per product and we asked

Carl D'Agostino:

them how they would handle that.

Carl D'Agostino:

And we typically take that information and apply it to this visual experience

Carl D'Agostino:

for the consumer to handle it.

Carl D'Agostino:

So we have their conversations, part of the onboarding process,

Carl D'Agostino:

and we can run different scenarios where in the process of creating

Carl D'Agostino:

variations and AB split testing.

Carl D'Agostino:

So you can AB split test three down, sell flows, you can ask

Carl D'Agostino:

different style, legs questions.

Carl D'Agostino:

So based on how they answer, why they want to cancel something, we can.

Carl D'Agostino:

Another question or two, and then these are called legs, right?

Carl D'Agostino:

So it can get pretty granular as to, but it allows you to have a

Carl D'Agostino:

perfectly executed response based on, they say 80% of sales is listening.

Carl D'Agostino:

So we allow the customer to give us the information why they want to cancel

Carl D'Agostino:

maybe what they did or did not like.

Carl D'Agostino:

And based on how they answer those questions will dictate what

Carl D'Agostino:

we'll put in front of them next.

Carl D'Agostino:

And we could use video imagery, text copy, and create a couple

Carl D'Agostino:

of different variations.

Carl D'Agostino:

And see which one is the winner.

Carl D'Agostino:

And in some instances we need to escalate the call to a call center.

Carl D'Agostino:

It might, we might, our technology is able to recognize frustration and friction, and

Carl D'Agostino:

then we have something called lifeline.

Carl D'Agostino:

So we feel like this customer is not biting on any of the down, sells.

Carl D'Agostino:

The session lasts too long.

Carl D'Agostino:

They it's called click rage.

Carl D'Agostino:

They hit the back button and they hit too many steps.

Carl D'Agostino:

Our system will pop up and allow them go right to the call center

Carl D'Agostino:

and they can handle it from there.

Carl D'Agostino:

We working with the five, nine integration also pass over,

Carl D'Agostino:

information with that customer wanted and a summary with just transpired.

Carl D'Agostino:

So we can actually speed up that call and that consumer doesn't have to go through

Carl D'Agostino:

that long lengthy process of what they wanted already and it also shortens up

Carl D'Agostino:

call duration for their call center.

Tedd Huff:

This sounds like you could get super granular really fast and it

Tedd Huff:

could become very complex very easily.

Tedd Huff:

How has Solvepath pun intended, how has Solvpath solving that problem?

Carl D'Agostino:

The problem of being complex.

Carl D'Agostino:

Yeah, go down a rabbit hole.

Carl D'Agostino:

You can go down a rabbit hole pretty fast, depending on the customer and the

Carl D'Agostino:

client, but we have the staff and the support team to execute somebody's vision.

Carl D'Agostino:

We have a lot of people that get really excited about the software and but

Carl D'Agostino:

typically it's always the top three or four products that are potentially.

Carl D'Agostino:

Not saying problematic, but that's where their cancellations are,

Carl D'Agostino:

where their pain points are.

Carl D'Agostino:

And we typically focus on those first, what are your pain points as it returns?

Carl D'Agostino:

Are they, are they subscription cancels?

Carl D'Agostino:

They are they, people want a refund for whatever reason, we focus on that first.

Carl D'Agostino:

And then from there, all the other stuff is not saying it's easy, but

Carl D'Agostino:

it's typically not as pressing.

Carl D'Agostino:

So that's, we try to go where there, where the, it really affects

Carl D'Agostino:

their bottom line and their costs.

Tedd Huff:

As far as the experience goes, when you've got these complex things going

Tedd Huff:

on how would I as a user see, or look or understand how everything plays together?

Carl D'Agostino:

It's the reporting that you can go back and just kind of.

Carl D'Agostino:

You can see in the reporting pretty much, and you can break there.

Carl D'Agostino:

We are reporting.

Carl D'Agostino:

We built a specific way that allows you to actually hone in on any particular

Carl D'Agostino:

field within what support funnel, where were they in the support funnel?

Carl D'Agostino:

What product, what price point would affiliate our traffic source?

Carl D'Agostino:

What ad they came from, right?

Carl D'Agostino:

Sometimes every action has a reaction, so you can actually have just, you

Carl D'Agostino:

might just have a bad retention on, Hey, you might be having.

Carl D'Agostino:

An ad or a traffic source that's doing really well for you.

Carl D'Agostino:

It's converting really well, but the performance post-sale is really poor.

Carl D'Agostino:

And you'd be able to see that really quickly.

Carl D'Agostino:

Maybe, they were confused on the offering.

Carl D'Agostino:

Maybe it was a little too aggressive on the front end and the backend is

Carl D'Agostino:

actually is hurting a little bit.

Carl D'Agostino:

So through our reporting, we allow you to kinda take a look at a report.

Carl D'Agostino:

You can play around with the dimensions and the filters to see over 150 data.

Carl D'Agostino:

Of what you want to see me.

Carl D'Agostino:

He could break it down on rebill rates down to the mid-level.

Carl D'Agostino:

If you want it to payment type or even a.

Tedd Huff:

Oh, wow.

Tedd Huff:

That's crazy.

Tedd Huff:

I appreciate you diving into that detail because it really expresses

Tedd Huff:

how flexible Solvpath can be.

Tedd Huff:

You don't just have the marketing side of the house.

Tedd Huff:

You've got all the different data points in there that really help you correlate

Tedd Huff:

an actionable thing to move forward with.

Tedd Huff:

So that brings me on to you've mentioned a whole bunch of different

Tedd Huff:

things, and I know that you and I have talked about this in the past.

Tedd Huff:

Is there anything else that, that you see as a market differentiator for self

Tedd Huff:

path that maybe we haven't discussed?

Carl D'Agostino:

So this is going back to not my roots, but as a media

Carl D'Agostino:

buyer, as building sales funnel.

Carl D'Agostino:

Using that same formula and format of selling people with

Carl D'Agostino:

sales and visual experiences.

Carl D'Agostino:

I think that's where we separate ourselves.

Carl D'Agostino:

Our vision for Solvpath is using data using these support funnels that

Carl D'Agostino:

can be refined in real time, based on that information, that data that

Carl D'Agostino:

we can pull and creating a really robust experience for the consumer to

Carl D'Agostino:

make it fun and make it interactive.

Carl D'Agostino:

And two at the end of the day, still deliver the performance for the

Carl D'Agostino:

merchant and at a fraction of the cost.

Tedd Huff:

we've talked about the data and you've done amazing.

Tedd Huff:

It explaining the complexity of this.

Tedd Huff:

I feel like I understand it, which means that I'm probably

Tedd Huff:

just enough to be dangerous.

Tedd Huff:

But the one question that comes to my mind is so I'm a merchant.

Tedd Huff:

And I want to use Solvpath.

Tedd Huff:

Are there existing integrations?

Tedd Huff:

Can I give an API to my development team?

Tedd Huff:

Help me understand what does it look like to implement Solvpath?

Carl D'Agostino:

So when we first started, we were on it's a checkout champ.

Carl D'Agostino:

Also known as Konnektive CRM and then obviously sticky.IO.

Carl D'Agostino:

So our we're fully integrated with those three platforms currently.

Carl D'Agostino:

And we're in the process of working with Shopify as well to finish that

Carl D'Agostino:

would be a big integration for us.

Carl D'Agostino:

And for some of the larger outfits, we do have an open API that allow us to actually

Carl D'Agostino:

integrate right into that platform.

Tedd Huff:

That's awesome.

Tedd Huff:

So I'm going to move into less about the product, but I'm just diving

Tedd Huff:

into some of your thoughts here.

Tedd Huff:

But if you were to, if you were to define success for Solvpath,

Tedd Huff:

what does that look like?

Carl D'Agostino:

So for us, it's just executing the vision that I have, they

Carl D'Agostino:

have this really robust visual experience, hundreds, if not thousands of different

Carl D'Agostino:

templates for a variety of different scenarios, every step within the support

Carl D'Agostino:

funnel, you'll have the ability to have full control over design creativity.

Carl D'Agostino:

We're looking to constantly keep hiring more UI and UX designers to come in there

Carl D'Agostino:

and make the system more user-friendly.

Carl D'Agostino:

But more importantly, have more templates and design creativity.

Carl D'Agostino:

There's a huge design play here too.

Carl D'Agostino:

And the flexibility to let funnel builders on sales side

Carl D'Agostino:

to actually have the control.

Carl D'Agostino:

And these really well thought out responses for their customers.

Carl D'Agostino:

Getting in with Shopify and having the ability to swiftly onboard, tens of

Carl D'Agostino:

thousands of active customers over time.

Carl D'Agostino:

That's our goal, and we have work to do right, trying to automate the onboarding

Carl D'Agostino:

process and make it easier for end users to go in there and have some more control.

Carl D'Agostino:

We have a lot of the control, but sometimes some of the inputs in

Carl D'Agostino:

the features are pretty advanced.

Carl D'Agostino:

So we have some basic settings.

Carl D'Agostino:

Then we have our advanced.

Carl D'Agostino:

In general, over the next few years, we're looking to break into the market

Carl D'Agostino:

partner with call centers, partner with a lot of integrations, whether

Carl D'Agostino:

it would be with gorgeous and Zendesk.

Carl D'Agostino:

I truly believe whether it's a ticketing system that we create

Carl D'Agostino:

our own internally, some people are going to be in bed with gorgeous

Carl D'Agostino:

or going to be in bed with Zendesk.

Carl D'Agostino:

We have to have robust integrations with them.

Carl D'Agostino:

If a customer doesn't want to leave, then we have to be able to plug in.

Carl D'Agostino:

And vice versa.

Carl D'Agostino:

So a lot of integrations we have a lot of work to do still, but the technology

Carl D'Agostino:

at where it is now is actually doing well, but I don't think it ever stops.

Tedd Huff:

All right.

Tedd Huff:

So here's a fun question.

Tedd Huff:

I love to ask.

Tedd Huff:

If someone were to tell you that they wanted to create a self service

Tedd Huff:

support product, what are the three things you would say to them not

Tedd Huff:

to do in order to be successful?

Carl D'Agostino:

Not know your call center script.

Carl D'Agostino:

We see a lot of people that are coming in that just hand over, the one.

Carl D'Agostino:

No, this is not to do, but don't not take and handle your own inbound

Carl D'Agostino:

support requests on your own offer.

Carl D'Agostino:

Like whoever works closely with you take the first hundred calls, take

Carl D'Agostino:

the first hundred emails, figured out what your pain points are.

Carl D'Agostino:

And figure out the best way of doing it.

Carl D'Agostino:

We come across way too many clients that don't even have access to the

Carl D'Agostino:

call center script, and don't even know how to possibly have a it's.

Carl D'Agostino:

And we have a lot of clients that do, but in essence It makes things easier

Carl D'Agostino:

to sign up and it makes, if you haven't had to make a pivot with another

Carl D'Agostino:

call center, for whatever reason, it's important to understand what's

Carl D'Agostino:

working for you versus somebody else.

Carl D'Agostino:

Cause typically you get put in a bucket for like you're doing skincare.

Carl D'Agostino:

You go into a skincare bucket, not you're not going into your brand

Carl D'Agostino:

bucket which is what you want to do.

Carl D'Agostino:

And typically the performance and the the experience for the customer is

Carl D'Agostino:

a lot better when you want to this.

Carl D'Agostino:

All that information.

Tedd Huff:

So I'm just going to repeat what I thought I heard.

Tedd Huff:

It's don't outsource to soon

Carl D'Agostino:

Yeah.

Carl D'Agostino:

That's a fair assessment.

Carl D'Agostino:

I'm not saying outsourcing is bad because it's not what I'm saying is that if you're

Carl D'Agostino:

going to build a real brand, there's certain things that you should know first.

Carl D'Agostino:

You don't have to take hundreds of calls a day.

Carl D'Agostino:

Most people are obviously busy building out the brand, but you

Carl D'Agostino:

should be involved in that process because customer support is it.

Carl D'Agostino:

It plays a really big role in your bottom line and you might not see it

Carl D'Agostino:

in the beginning, but as things start progressing and you start onboarding,

Carl D'Agostino:

if you're doing subscriptions it can spiral out of control pretty quick.

Tedd Huff:

All right.

Tedd Huff:

So we got one down, two more, man.

Carl D'Agostino:

What not to do for customer support

Carl D'Agostino:

Don't go the cheapest route.

Carl D'Agostino:

It's just sometimes when you talking about SES and cancellations, I know

Carl D'Agostino:

sometimes people can go overseas and get, customer support for really cheap, but

Carl D'Agostino:

there's, whether it's different, language issues, or sometimes less is not more.

Tedd Huff:

And last but not least.

Tedd Huff:

What's our third one.

Carl D'Agostino:

The third one, it's going to be geared towards support.

Tedd Huff:

It could be, if there's something that you've learned of, like

Tedd Huff:

what not to do when building a technology software, we're open with that one too.

Carl D'Agostino:

It's hard.

Carl D'Agostino:

I think any business, when you're building something new and unique,

Carl D'Agostino:

it's you got to make mistakes.

Carl D'Agostino:

I made plenty of mistakes already.

Carl D'Agostino:

That set us back, a couple of months where we built something and the infrastructure

Carl D'Agostino:

wasn't where it was supposed to be.

Carl D'Agostino:

We got our S scratch it and start all over from scratch.

Carl D'Agostino:

Think things through, and I'm fortunate enough that our CF,

Carl D'Agostino:

our S our CTO is, has been in the space for a little over 20 years.

Carl D'Agostino:

And he's the architect, and he makes sure he makes those big decisions to make

Carl D'Agostino:

sure we don't make those big mistakes.

Carl D'Agostino:

But same thing goes with the dev side of things, just, I try, I'd like to get

Carl D'Agostino:

in front and I speak to a lot of people.

Carl D'Agostino:

So if I can make any suggestions, not things not to do.

Carl D'Agostino:

Don't hold the close to your chest, try to get out there and speak to as many

Carl D'Agostino:

people that kinda, you can probably avoid a lot of expensive mistakes by

Carl D'Agostino:

actually getting in front of people that kinda where you want to be.

Carl D'Agostino:

And I'm always trying to get in front of people and talk whether it's whether

Carl D'Agostino:

it's tech, even our techs different.

Carl D'Agostino:

It's just the process of how you build a tech and build a team is I

Carl D'Agostino:

think it really is really important.

Carl D'Agostino:

So some people want to stay quiet, but I think.

Carl D'Agostino:

On the depth side of things, for sure.

Carl D'Agostino:

And be super important to make sure you're building a really good team.

Tedd Huff:

All

Tedd Huff:

right.

Tedd Huff:

So I'm going to ask this just as a backup, as a different way to ask the question.

Tedd Huff:

If you were to build, Solvpath from scratch all over again, what are

Tedd Huff:

three things you wouldn't do again?

Carl D'Agostino:

Stumping me Tedd.

Carl D'Agostino:

I wouldn't do.

Carl D'Agostino:

I don't think I would change anything.

Carl D'Agostino:

I just wish it would happen faster.

Carl D'Agostino:

Cause we've been building the tech for, look

Tedd Huff:

at it this way.

Tedd Huff:

It's what mistakes did you make that I built this and I shouldn't have, or,

Tedd Huff:

and maybe not even down that path, but really just thinking of If I were to build

Tedd Huff:

this all over again, these are like the three things that I would not repeat.

Carl D'Agostino:

Man, I don't know if I have anything specific.

Carl D'Agostino:

I just, I know I don't, I just, maybe I didn't dive in sooner, like I, I

Carl D'Agostino:

didn't realize what we had until we started building it and using it.

Carl D'Agostino:

And then as we start looking at the data and we look at the performance and we

Carl D'Agostino:

look at the things that have broken, we built based on that information.

Carl D'Agostino:

So I don't have any regrets right now.

Carl D'Agostino:

I wish maybe I would have hired a larger development team a little bit.

Carl D'Agostino:

Cause we didn't, again, we built this for a solution for ourselves.

Carl D'Agostino:

This was never, we never looking to get into the SAS tech space.

Carl D'Agostino:

This just happened organically.

Carl D'Agostino:

But right now I've been fortunate enough right now that I'm sure there

Carl D'Agostino:

was some small mistakes, but nothing major that I would go back and say,

Carl D'Agostino:

wow, I wish, I wish I didn't do this or do that hasn't happened yet.

Carl D'Agostino:

I'm sure it will,

Tedd Huff:

but no worries.

Tedd Huff:

No worries.

Tedd Huff:

Hey, is there anything else that I missed that you want to make

Tedd Huff:

sure that the audience knows

Tedd Huff:

. Carl D'Agostino: this is a

Tedd Huff:

So people have a, maybe an understanding after this podcast as

Tedd Huff:

to what Solvpath does, but if they want to they can sign up for demo.

Tedd Huff:

We'll be more than happy to do a demo of the software and.

Tedd Huff:

And that's it, but in essence, as a whole Solvpath is an AI driven

Tedd Huff:

customer support technology that really enforces self-service for consumers.

Tedd Huff:

And we use this visual format and this creative design overlay to

Tedd Huff:

enhance the customer experience.

Tedd Huff:

But that's all pat, that's our vision and that's what it's doing now,

Tedd Huff:

is there a, best way for people to reach out to you or the Solvpath

Tedd Huff:

team to really learn more and to dive in if this is something that interest.

Carl D'Agostino:

Yeah, they can schedule.

Carl D'Agostino:

There's a form that they could fill out real quick.

Carl D'Agostino:

So I want to get in contact with them pretty quickly and based on what their

Carl D'Agostino:

needs and wants are, if they want to do an integration, if they want

Carl D'Agostino:

to just get a demo of the software, they want to speak to some of the

Carl D'Agostino:

dev on an integration after the demo that's we could do that no problem.

Tedd Huff:

All right.

Tedd Huff:

So what I'm going to do is in the, if you look down under the description,

Tedd Huff:

as well as in the show notes, you're going to see links to all of these

Tedd Huff:

different things that we've talked about.

Tedd Huff:

You also have links to all their social medias and all of the

Tedd Huff:

other different it's fun stuff.

Tedd Huff:

And Carl, thank you so much, man.

Tedd Huff:

I know we've been talking about getting together like this for some time and

Tedd Huff:

I, I always learn something new every time I get on the phone with you.

Tedd Huff:

So thanks again for joining us.

Carl D'Agostino:

Thanks a lot, Tedd.

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Fintech Confidential
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About your host

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Tedd Huff

20 plus year veteran of Fintech, giving merchants and SaaS businesses control over their Payments destiny, global PSP/Payment Facilitator advisor.

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