Lifting sales and market share from your customer base!
To maximise customer loyalty and value then
start with your customer base and adopt one or more of the steps below.
You will need to...
Develop structured and integrated campaigns
to your active, in-active and prospective customers, manage message
relevance on a one-to-one basis and prevent conflicting or duplicated offers
Shift from ad-hoc or fixed timescale
campaigns to customer centric campaigns, where promotion timings vary
according to customer behaviour
Establish re-activation strategies for
high-value customers that have lapsed
Identify groups of individuals with similar
purchasing patterns - combinations and sequences - and by analysing
segment overlap, create the right offers for each segment for cross and
up-sell
Develop a deep understanding of prospect and
customer behaviour. Use this to see how interests, email click thrus',
trading recency, frequency and value, etc. combine and change over time to
predict response, sales, churn..
Create a framework to measure and refine
segmentation, offers, content, personalisation, etc. Use this to
facilitate a 'contestant' > 'contender' > 'champion' approach to
continually improve campaign performance and marketing ROI
Undertake on-going response modelling and
deploy resulting propensity scores to every individual on your database.
This will enable you to select only the most likely responders for your
campaigns and use the profiles of these people to acquire more responsive
external prospect lists
Apportion marketing investment at an
individual customer level - using measures such as customer lifetime
value, purchase history, behaviour change, propensity to respond, etc.
To facilitate these tasks, your data, systems
and infrastructure must provide the flexibility, functionality and
adaptability needed.
This can be difficult to achieve, especially
if your data is stored in separate locations and you don't have skills and resources
of the right kind.
However,
we can help you overcome these difficulties with our on-line, hosted and
fully maintained database marketing solution - AIM Marketeer - or
supply the underlying FastStats Discoverer and supporting technologies.