Customer Value-Readiness Matrix

The Customer Value-Readiness Matrix is a 2x2 matrix used to assess the readiness of a customer to buy a product or service. It helps to identify which customers are more likely to purchase and which need more convincing.

At a very high level, the Customer Value-Readiness Matrix is used in the context of business, marketing, finance.

Customer Value-Readiness Matrix quadrant descriptions, including examples
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What is the Customer Value-Readiness Matrix?

A visual explanation is shown in the image above. The Customer Value-Readiness Matrix can be described as a matrix with the following quadrants:

  1. Low Value, Low Readiness: Customers who have not seen the value of the product or service and are not yet ready to purchase (e.g. a customer who has not heard of the product)
  2. High Value, Low Readiness: Customers who have seen the value of the product or service but are not yet ready to purchase (e.g. a customer who has seen the product but has not yet decided to buy)
  3. Low Value, High Readiness: Customers who are ready to purchase but have not yet seen the value of the product or service (e.g. a customer who has been offered a discount but has not yet decided to buy)
  4. High Value, High Readiness: Customers who have seen the value of the product or service and are ready to purchase (e.g. a customer who has seen the product and is ready to buy)

What is the purpose of the Customer Value-Readiness Matrix?

The Customer Value-Readiness Matrix is a 2x2 matrix used to assess the readiness of a customer to buy a product or service. It helps to identify which customers are more likely to purchase and which need more convincing. The matrix is divided into four quadrants, each representing a different level of customer value-readiness.

The top-left quadrant represents customers who are low on both value and readiness. These customers have not yet seen the value of the product or service and are not yet ready to purchase. These customers need more convincing and should be targeted with marketing campaigns to increase their value and readiness.

The top-right quadrant represents customers who are high on value but low on readiness. These customers have seen the value of the product or service but are not yet ready to purchase. These customers need to be targeted with marketing campaigns to increase their readiness.

The bottom-left quadrant represents customers who are low on value but high on readiness. These customers are ready to purchase but have not yet seen the value of the product or service. These customers need to be targeted with marketing campaigns to increase their value.

The bottom-right quadrant represents customers who are high on both value and readiness. These customers have seen the value of the product or service and are ready to purchase. These customers should be targeted with sales campaigns to close the deal.


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What templates are related to Customer Value-Readiness Matrix?

The following templates can also be categorized as business, marketing, finance and are therefore related to Customer Value-Readiness Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

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