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How Smart Brands Use Digital Marketing to Acquire, Engage and Retain Customers

061615_Joel Book - Connections 2015 v2

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Page 1: 061615_Joel Book - Connections 2015 v2

How Smart Brands Use Digital Marketing to Acquire, Engage

and Retain Customers

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Safe Harbor

Safe harbor statement under the Private Securities Litigation Reform Act of 1995:

This presentation may contain forward-looking statements that involve risks, uncertainties, and assumptions. If any such uncertainties materialize or if any of the assumptions proves incorrect, the results of salesforce.com, inc. could differ materially from the results expressed or implied by the forward-looking statements we make. All statements other than statements of historical fact could be deemed forward-looking, including any projections of product or service availability, subscriber growth, earnings, revenues, or other financial items and any statements regarding strategies or plans of management for future operations, statements of belief, any statements concerning new, planned, or upgraded services or technology developments and customer contracts or use of our services.

The risks and uncertainties referred to above include – but are not limited to – risks associated with developing and delivering new functionality for our service, new products and services, our new business model, our past operating losses, possible fluctuations in our operating results and rate of growth, interruptions or delays in our Web hosting, breach of our security measures, the outcome of any litigation, risks associated with completed and any possible mergers and acquisitions, the immature market in which we operate, our relatively limited operating history, our ability to expand, retain, and motivate our employees and manage our growth, new releases of our service and successful customer deployment, our limited history reselling non-salesforce.com products, and utilization and selling to larger enterprise customers. Further information on potential factors that could affect the financial results of salesforce.com, inc. is included in our annual report on Form 10-K for the most recent fiscal year and in our quarterly report on Form 10-Q for the most recent fiscal quarter. These documents and others containing important disclosures are available on the SEC Filings section of the Investor Information section of our Web site.

Any unreleased services or features referenced in this or other presentations, press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase our services should make the purchase decisions based upon features that are currently available. Salesforce.com, inc. assumes no obligation and does not intend to update these forward-looking statements.

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Use to introduce a

demo, video, Q&A, etc.

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Source: Gartner - Digital Marketing Spending report (2014)

In 2014, Digital Marketing spending averaged one-quarter of the marketing budget.

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Source: Accenture Interactive – CMO Insights (2014)

By 2019, CMOs predict Digital Marketing will account for 75% of the marketing budget.

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Use to introduce a

demo, video, Q&A, etc.

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The Connected Consumer

More Informed.

More Empowered.

More Demanding.

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of consumers know what product they want to buy before ever entering a store. Bazaarvoice: "Social Trends Report” (2013)

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of the B2B purchase decision-making process is complete . . .

Source: The Digital Evolution in B2B Marketing - CEB and Google (2013)

before the buyer contacts a supplier.

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of US consumers research online before buying.Source: UPS, comScore, & The e-tailing Group

“Pulse of the Online Shopper" 2014

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of shoppers want self-service access to digital content.Source: Cisco Internet Business Solutions

Catch and Keep Digital Shoppers 2013

Scotts’ website provides access to: • Product Use Details• Ratings & Reviews• Q&A

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of consumers trust the opinions and reviews posted online by other consumers.Source: Nielsen: “Global Trust in

Advertising and Brand Messages”

September 2013

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In 2014, Smartphones and Tablets surpassed Desktop and Laptop PCs as the leading devices

consumers use for product research.

Source: Nielsen - "Mobile Path to Purchase: The New Shopper Mindset” June 2014

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MOBILEThe Power Tool of the

Connected Consumer

Shopping

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The average smartphone user has downloaded

.Source: Mashable.com

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of all US email opens occur on a mobile device.

Source: Return Path, 2015

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of US consumers are email subscribers.Source: Salesforce Marketing Cloud

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prefer email for promotional communications.

prefer email for service communications. Source: Salesforce Marketing Cloud

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of consumers rely on social networks to guide their purchase decision.Source: SproutSocial, 2014

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“Serving” has become the new “Selling”

50% of Consumers Prefer Social Media to the Telephone for Customer Service

Source: Amdocs (2014)

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“Serving” has become the new “Selling”

72% of customers who post a complaint on Twitter expect a response within one hour

Source: Lithium Technologies (2014)

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Use to introduce a

demo, video, Q&A, etc.

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Understand the customer’s needs and

interests and use this insight to

continuously deliver personalized content

that aids the customer’s purchase decision,

provides timely service and results in a

great customer experience.

The Customer Experience Mandate

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Data is the“Digital Fuel”

for Delivering a Personalized

Customer Experience

Explicit Data (Reported) + Implicit Data (Observed)

1Channels Applications

Email Email Marketing

Retail Store

Website

Print Advertising

Social Media

Dealer/Agent

Broadcast

Mobile

Mobile Messaging

CRM

E-Commerce

Call Center

Billing

Service

Warranty

Demographic Email Address

Physical Address

Gender

Age

Product Needs & Interests

Customer Profile

Psychographic

Behavioral

Buyer Persona

Brand Affinity Persona

Social Media Persona

Media/Messaging Opt-in

Purchase Transactions

Service Claims / Cases

Event Attendance

Campaign Response

NPV; CLTV

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Response to

Facebook Ad

(Facebook Custom

Audience)

Email Signup

via Brand

Website

Welcome Email /

Request for

Needs & Interests

Site Browsing &

Guided Exposure

to Content

Email 1

Triggering

Mobile App

Download

Email 2 & Invitation

for Mobile Push

Sign up

Progressive Profiling Enables Brands to Learn about the Customer’s Interests and Predict what Offers, Information and Service are Relevant and Timely

Pro

gre

ss

ive

Pro

fili

ng

Twitter:

@MelissaSmith01

Melissa Smith

Postal Address

Email:

[email protected]

Preferred Retailer

Birth year

Mobile Phone Number

Personal Profile Data

Browsing Behavior

Product Interests

Promotion Participation

Mobile App Downloaded

Product Purchase History

Requested Push Notifications

Customer Service History

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When customer data is used to predict and deliver personalized offers and service, Conversion Rates increase 6 – 9%!

Personalized Content Drives Higher Conversion

Source: 2014 Salesforce Marketing Cloud -

Predictive Intelligence Benchmark ReportEmail

Mobile

Online

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The Customer Experience Life Cycle

Business Getting Business Keeping

Brands Must Deliver Relevant Content at

Every Life Cycle Stage and through Every 1:1 Channel

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“Our goal is to present the customer with content that is relevant, not invasive.”

Automated emails deliver helpful content based on the customer's interests and preferences

Incorporates in-store purchase data with online browsing data to predict and deliver product

recommendations

Direct conversion from customers who engage with predictive content is significantly higher.

Room & Board Helps Customers Complete the Room with help from the Salesforce Marketing Cloud

Kimberly Ruthenbeck, Director of Web Customer Experience

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“We create a seamless experience when a customer’s online behavior is reflected in their personalized messaging. That’s pretty powerful.”

Wanted to drive more revenue from email channel

Tracks customer purchases, preferences, site searches and abandoned cart transactions

Uses Predictive Intelligence to personalize product recommendations to each individual

Increased click-through rates by 25-35%; Increased sales conversion rates by 15-25%

The Journey from High Fashion to High Tech

Dasha Gastol, Digital Marketing Manager, Diesel

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Awareness Evaluation Purchase Usage RePurchase Advocacy

Brands Must Optimize the Customer’s Journeys from Product Purchase through Product Use

3

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New Customer Onboarding

Customer Service & Support

Product Purchase

Product Research & Evaluation

Remarketing & Cross-Selling

Customer Journeys Span All Stages of the

Customer Life Cycle

Repurchase & Renewal

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Optimizing Customer Journeys Improves Revenue, Referral & Retention

Customer

satisfaction

Revenue

growth

Willingness to

recommend

Less likely to

cancel/churn

*Transforming Customer Experience: From Moments to Journeys, 2013

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Use to

introduce a

demo, video,

Q&A, etc.

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And you’re no longer competing with just your peers.

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You’re Competing with Brands that also Deliver a Personalized Customer Experience

Plans every step for driver and riderKnows you better than you know yourself

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Keys toSuccessful

Digital Marketing

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Personalize the Experience

Acquire and apply customer data to predict and deliver offers, invitations, and service communications that are relevant, timely and helpful.

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Audience Development

Capitalize on every opportunity to grow your audience of email subscribers, mobile app users, & mobile alert opt ins. Control your own destiny!

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Mobile Optimization

Use responsive design to optimize email communications, websites and landing pages for user-friendly navigation, readability and response on mobile devices.

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Social Media Marketing

Use Social Listening and Direct Response Advertising (i.e. Facebook Custom Audiences, Twitter Lead Cards) to generate leads and acquire new email subscribers.

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Journey Management

Define and automate 1:1 journeys for each critical stage of the customer life cycle from product evaluation and purchase through product usage and repeat purchase.

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