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Maximising
the return on your marketing campaigns can be a daunting task
that relies heavily on knowing what will engage and motivate
recipients.
While many companies
depend on the click-through rates of previous emails, this gives a
limited picture with many gaps to fill and only shows who is
responding - not who isn’t.
We offer a solution
to grow your customer value where every customer (or prospect) is
targeted with a dynamic
message - i.e. where message content and images change based on their prior interests,
trading patterns or purchase history - and where every action they
take is applied to refine targeting of subsequent promotions.
Click image
above to view our targeting workbench solution
Our
approach can apply to both email and direct mail
communications!
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Developing Customer Loyalty and Value |
For each
email communication, the products
offered, the pictures displayed, the message
used and the content of the microsite (campaign website) landing
and information pages are analytically selected and personalised for each and every
prospect!
Importantly - Tech4T do all the technical parts leaving you to
optimise your sales and marketing.
This example campaign was targeted
to deliver a tailored offer to selected customers based on their
profile and lifetime
value.
To do this, we built a
'targeting workbench', profiled customers, defined an appropriate
segmentation scheme and put in place the campaign production infrastructure. This included our
targeting, email tracking and
campaign microsite systems, analysis skills, support and much more.
We...
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Worked with the
client to develop the campaign strategy. This covered
phases for customer retention, growing value through up-sell,
cross-sell and product migration, reactivating 'high-value'
lapsed customers and recruiting new customers that had profiles
similar to those of the most profitable existing customers.
For this we can research and acquire third party data.
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Merged and cleansed data
from various lists and databases. We used a copy of the
client's operational and historical data, matching records using
'fuzzy logic' as there was no unique numbering scheme to link
data within all the files. We consolidated records in such a way
as to create enhanced marketing intelligence whilst preventing
any information loss from data attached to duplicated contacts.
We also researched, acquired and merged third party prospect
lists and used email 'pinging' routines to validate as many
email addresses as possible prior to broadcast. This increases
the likelihood of email deliverability and minimises the risk of
Spam blocking.
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Built a 'single-view' targeting
workbench - for unrestricted data exploration,
segmentation and to manage the campaigns. This is not a
conventional marketing database or CRM system, but a powerful
analysis and 'train-of-thought' targeting system. Its'
flexibility enables marketers to use any data and in any way to
identify niche segments and to develop and deliver individual,
personalised communications.
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Defined target market segments.
First we would analyse your data and then profile your
customers. From this intelligence we would define an appropriate
segmentation scheme to enable segment-relevant targeting.
Typically we would develop anything from 10 - 30 segments based
on recency, frequency, value, product , loyalty, etc., and use
these to develop ways to win, keep, grow and win back high value
customers.
In the example on the next page we used three segments: Trade; Consumers purchasing in
the last 6 weeks; Consumers purchasing prior to six weeks...
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Analysed the sales data for every
individual
- then used this intelligence to create the
rules and triggers to vary the email and microsite content
person by person. This
ensured absolute message relevance leading to higher response,
conversion and margin.
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Commissioned the content - creative
design, copy, offer and web page layout specially produced to
match customer profiles, the campaign focus and sales and
marketing objectives.
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Developed a
campaign-specific
data-driven microsite - with a customised database
structure to automatically match the web page content to each
visitor through a unique identification code in the email link.
Importantly, we set up an automated alert that emailed details
about the microsite visitor to a pre-allocated sales person when
a specific 'request for information' web page was opened.
The sales team could then follow-up 'warm' leads given they knew
the prospect's interest even if they had stopped
short of submitting an enquiry form.
Note. To enable the sales team to view the specific 1-2-1
offers made, we can create a custom set of searchable web pages
that mirror the products, price, offer, etc. sent to each
individual prospect or customer.
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Executed the
campaign
and analysed the results. This included tracking
each and every action each identified person took - who
opened the email, which links that person then clicked on, which
web pages they then looked at, when and for how long. This is
rather different from web analytics where statistics are not
linked to each individual customer or prospect.
By analysing this data we determined each person's specific
interest/s and which patterns of page visits resulted in sales
of a particular type. We then combined this information with
sales purchase data and used the resulting intelligence to plan
refined and even more relevant communication strategies.
Outcome...
From just the first
wave of circa 10,000 communications,
the return on
investment (ROI) from costs directly attributable to the promotion was circa 300%
- and that was based on retail products with only a very low
margin!
A promotion cost of
just £4,000
brought in sales close to six figures and a profit well into five
figures!
With other clients - where product/service margin is higher - we
have seen promotion ROI between 1,000% and 5,000%
See communication examples here
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