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Marketing to the Power of ONEMarketing to
the Power of ONEHow Top Brands Use Cross‐
Channel Marketing to Attract, Engage and Retain Customers
I'm learning how all the "cool kids" use digital media for lifecycle customer engagement! #NexusCafe #ExactTarget
Join the Conversation!Joel Book: @JoelBookExactTarget: #ExactTargetEvent: #NexusCafe
Marketing to The Power of ONE
From:one-waybroadcastTo: one-to-oneengagement
The Customer Life Cycle
Engaging with customers throughout the life cycle . . . • Drives initial and repeat purchase.• Keeps customers informed. Serves customers better.• Improves retention. Fuels brand advocacy.
Life Cycle Engagement Drives Acquisition & Retention
Business Getting
Product Inquiry
Product Evaluation
Product Purchase
AcquireAcquire EngageEngage ConvertConvert
Product Usage
Brand Advocate
Business Keeping
Repurchase/Renewal
ServeServe GrowGrow RetainRetain
Marketing Goal
Marketing Goal
Customer Interaction
Life CycleStage
Life CycleStage
• Thank customer for inquiry
• Invite email subscription
• Send Welcome Email; Link to Preference Center
• Invite customer to identify product needs, interests
• Deliver relevant information
• Provide links to website content to aid purchase decision
• Send invitations to webinars and live events
• Invite product trial
• Thank customer for purchase
• Promote related products/services
• Reinforce the value they will receive from product or service
• Invite customer to opt-in for product updates & service reminders
• Send personalized product news and service updates
• Send triggered offers and service alerts
• Provide links to product-related resources on website
• Send renewal-triggered cross-sell /upsell offer
• Provide incentive to renew or repurchase
Product Inquiry
Product Evaluation
Product Purchase
ProductUsage
Repurchase/Renewal
BrandAdvocate
• Ask for referral to friend or colleague
• Invite customer to contribute content for blog or newsletter
• Reward customer for loyalty.
The Customer Life Cycle
Life Cycle Customer Engagement Strategy
AcquireAcquire EngageEngage ConvertConvert ServeServe
ChannelsChannels
• SEO• PPC• Print / Broadcast• Social Media• Mobile (SMS)• Website(s)
• Email• Website(s)• Webinar / Seminar• CSR• Field Sales / Agent
• Email• Direct Mail• Field Sales / Agent
• Email• Mobile (SMS)• CSR• Direct Mail• Social Media• Website(s)
• Email• Direct Mail• Website(s)• Field Sales / Agent
• Email• Website(s)• Social Media• Field Sales / Agent
GrowGrow RetainRetain
Acquire Engage Convert Serve Grow Retain
Ally Bank Uses Print Ads to Invite Consumers to Text for Latest Money Market Rates
Why this Works:• Ally uses “My Ally Update” to deliver personalized information and offers based on customer accounts and predicted interests
• Enables customer to read and respond to email via PC or mobile device
• Questions answered through 24/7 toll‐free phone, live chat, or email
Acquire Engage Convert Serve Grow Retain
“Serving” has become the new “Selling” at Ally Bank
Acquire Engage Convert Serve Grow Retain
"We put our customers at the center of everything we do --whether it is product development, the services we offer or the ways we engage with consumers, like Twitter, Facebook and our blog." Sanjay GuptaChief Marketing OfficerAlly Financial
Ally Bank created “Ally Idea Share” so consumers can share ideas on how Ally can create a better banking experience
1. Improving data‐centric segmentation and targeting practices.
2. Integrating and leveraging data acquired through social media.
3. Using customer data to drive more relevant offers via dynamic content.
Top Marketing Priorities Revolve Around Data
“The Connected Marketing Campaign Management Imperative,” July 28, 2011
CMOs in outperforming organizations invest more effort in capturing and using data to foster customer relationships.
Successful Marketers Use Data More Extensively
Recommendation:• Connect continuously.• Engage with your customers at
every stage in the customer lifecycle.
• Build online and offline communities to strengthen your brand.
From Stretched to StrengthenedIBM Institute for Business Value Global CMO StudyIbm.com/cmostudy2011
Data Centric Campaign Management Model
Source: Forrester Research ‐ April 2009 “Campaign Management Needs A Reboot”
Volvo Construction Equipment eMarketing Technology Solution
Total Integration of Customer Data
Landing Pages, Registration PagesProduct Microsites, Webcasts / Podcasts
Marketing Database
Email Communications
www.volvoce.com
Campaign Tracking & Lead Scoring
Lead Management Workflow
Data cleansing
Auto-generated email for customer
Auto-generated report for Volvo
sales rep
Microsoft Dynamics CRM enables Volvo sales reps to manage leads
Information Request
Microsoft Dynamics
CRM
Customer Information
Sales (New/Used)
Warranty Data
Credit Status
MarComHistory
eCommerce
Surveys
Social Media
Lead Score
Analytics
Volvo CE centralizes customer data in Microsoft Dynamics CRM.
Enables “one view” of the customer.Allows faster
communication with customersProvides better
measurement of campaign ROI
Marketing Data Integration
Customers Engage through Multiple Channels
The Days of the Single‐Channel Consumer are Gone and they’re not coming back.
Cross‐Channel Marketing is a Must
Managing the Customer Conversation Requires Integration of Outbound & Inbound Channels
Interactive Marketing Hub™ from ExactTarget
Campaign Response Tracking
Product /ServiceNeeds, Interests
CampaignResponse History
Analytics and Lead Score
Products Purchased
CustomerDemographics
Customers & Prospects
Database Management
Segmentation Campaign Planning
ProspectiveCustomers
Iden
tify
Customers with Specific Needs
Offer
InformationSele
ct
Timing
Channels
Det
erm
ine
Offline
Online
Offline
Campaign Program Development and Execution
Prog
ram
Dev
elop
men
t
Con
tent
Per
sona
lizat
ion
Segment A• Offer/ Message• Channel• Timing
Segment C• Offer/ Message• Channel• Timing
Segment B
• Offer/ Message• Channel• Timing
Cross‐Channel Marketing Workflow
Database Updating / Lead Scoring
Land
ing
Page
/ M
icro
site
Cus
tom
er D
ata
Acq
uisi
tion
Customer / Prospect Interaction
Belk Uses Email, Mobile, Social Media and Print to Engage Consumers
Belk Newspaper Insert Belk Customer Email
Belk Facebook Page
• Aids the Buying Process• Improves Service• Maximizes Retention
The Customer Life Cycle
Brand Loyalty
Business Getting Business Keeping
Product Inquiry
Product Evaluation
Product Purchase
Product Usage
Repurchase/Renewal
Email: #1 for Business Getting. #1 for Business Keeping.
“56% of US consumers say the message that caused them to purchase was delivered by email.” Source: ExactTargetResearch Report: Subscribers, Fans & Followers, Report #9 2011
• Increases Brand Awareness• Fuels the Conversation• Attracts New Customers
Social Media Facts
46% of consumers combine social media and search engines in
their buying process (GroupM)
Approximately 55% of Twitter
users are mobile users
77% of consumers said they interact with brands on Facebook primarily through reading posts and updates from the brands (Mashable)
83% of US Online Adults participate in social media (Forrester)
Thirty-four percent of marketers have generated
leads using Twitter, and 20% have closed deals using
Twitter (AllTwitter)
24 hours of video are uploaded to YouTube
each minute. (YouTube)
US marketers will spend $3.08 billion to advertise on social networking sites in 2011.Source: eMarketer, Jan. 2011
There will be nearly 21 million Twitter users in the U.S. by the end of 2011 (eMarketer)
© 2009 Online Marketing Connect
To monetize social media, convert “Fans and Followers” to email subscribers!
75% of social media users say email is the best way for companies to communicate with them. (MarketingSherpa, 2010)
• Delivers Exclusive Offers• Drives Traffic• Extends Customer Service
EMAIL DOMINATES SMARTPHONE USEEMAIL DOMINATES SMARTPHONE USE
Smartphones and iPads Have Accelerated Interaction
Source: eMarketerDecember, 2010
24 million tablet computers will be sold in the U.S. in 2011.More than 19 million will be iPads
65.8 million people in the U.S. now own smartphones. Of these, 35.3% use apps.Source: comScore MobiLens2011 U.S. Mobile Subscriber Market ShareMarch , 2011
Thanks!Thanks!Joel BookExactTarget, Inc.
[email protected]@JoelBookhttp://www.linkedin.com/in/joelbook