Using Data-Driven Decisions to Enhance Cross-Channel Marketing
As digital communication evolves so does the need to reassess how online and offline data work to achieve long-and-short-term goals. Hear tips and tactics on how to strategize and execute a cross-channel campaign.
* Jan Jindra, Sr. Product Marketing Manager, Experian Marketing Services (@hitwise_us)
Using Data-Driven Decisions to Enhance Cross-Channel Marketing - Experian Marketing Services, Jan Jindra
1. 1 Online Marketing Summit New York City | July 9, 2010 Using Data-Driven decisions to Enhance Cross-Channel Marketing: Jan JindraSr. Product ManagerExperian Marketing Services
10. Email is the most preferred messaging channel across all age groups
11. Older groups continue to look to traditional media (television, books) while young consumers rely on their mobile phones Media they can’t live without, by age
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13. The majority of searches continue to take place on Google, followed by Yahoo! Search and Bing
14. Many searches are branded/navigational and comprised of only 1-2 keywords
15. Consumers start offline shopping trips while online at home Searches for store locators and printable coupons
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17. Young adults use all channels, with TXT MSG being the most popular
19. 53% of online adults are very likely/likely to open email containing promotions/coupons
20. In 2009, emails promoting in-store visits increased by 50 percent YOYSent or received in the last 30 days, by age
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22. Increased use of terms ‘you/your’ shows higher emphasis on personal relationships
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24. This age group is most comfortable shopping online and indicate that the Internet has changed the way they shop
25. Interestingly, younger consumers appreciate emails about new products and services more than older consumersAttitudes towards online shopping and the Internet, by age
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27. Understanding offline trends, utilizing data acquisition/ cleansing/storage best practices can prove valuable for even the most digitally attuned businesses
28. USPS study indicates consumers who received a catalog spent 28 percent more on the retailer’s site than those who did not receive a catalogChange in volumes by mail class (Indicated by the United States Postal Service)
34. Spending for mobile advertising isstarting to take off U.S. mobile advertising spending ($ millions) Source: eMarketer, February 2009
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36. Only half of businesses say that they trust their data in terms of it being clean, accurate and up-to-date, according to a recent survey conducted by Experian QAS
37. Use verification tools that prompt user to complete missing details and comply with formatting standardsProblem:Incorrect addresses hurt their ability to fulfill orders promptly Solution: Installed real-time address verification at point of entry Result: Reduced costs associated with incorrect addresses by 2/3 and increased on-time deliveries. Improved customer satisfaction levels
46. ZIP CodeTMmatch IP address Limited personalinformation (name,address, phone,email) Individual HH orZIP CodeTM match Personal and accountinformation (name,address, phone, email,account number) Individual oraccount match Leveraging the Internet to acquire customersVisitors coming directly to your Web site Identification informationavailable Unknown Matchingscheme Browsers Visitors Leads Customers Known The more information obtained, the more precise the ability to serve with relevance
47. Regardless of the targeting level, channel, or data source, we can continue to use a wide range of targeting tools Targeting criteria What is my target? What do they look like? What is the most appropriate offer, message, content, pricing? Who’s likely to say yes to my offer? Who will be profitable? What is their expected value? Who’s at risk? Targeting tools Response models Value models, profitability models Profile (“look a like”) models Retention / churn models Segmentations / profiles
94. Know thy digital consumer Target and engage your customers across the marketing ecosystem using critical competencies: Data Analytics Platforms Unparalleled data assets that give a 360º customer view Experian Simmons Experian Hitwise ConsumerView Consumer Data Strategic, data-driven expertise to optimize & grow programs Experian Marketing Analytics Technology to target, segment & engage across channels Experian CheetahMail Experian QAS Digital Advertising LP/Database
95. Summary Marketers are moving to the digital world quickly – Growth is phenomenal The competition is moving to the digital world – Marketing dollars are pouring in We can help marketers be successful by leveraging our key assets Data Analytics Knowledge