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Al Bessin, Executive Vice President 4 October 2011 Affordable Databases:  Can You Afford  Not  To Be Using a Marketing Database
Agenda ,[object Object],[object Object],[object Object],[object Object]
Trends: Consumer Behavior, Economics and Marketing
Message and Contact Complexity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Rise and Fall of Free-Wheeling Consumer Spending ,[object Object],[object Object],[object Object]
Today’s Competitive Challenge ,[object Object],[object Object],Who is the competition?
The Challenge “ Catalog” Internet Stores Silos Order Method Call Center Website Stores Marketing Media Catalog SEO/ SEM Advtsg Email Social Affiliate Lack of Clarity
Lack of Integrated Marketing Planning ,[object Object],[object Object],Total Demand Print Email
Marketing Databases
Convergence of Traditional DM with Ecommerce One Dimensional Customer-Centric Transaction Centric Traditional Direct Marketing Online Marketing Multi-Dimensional Customer Centric
Optimizing the Customer Journey Customer Value Average High Time Low Target Acquire Retain Grow First Purchase Up-Sell Dialogue Optimized Develop
Need to Support Push  and  Pull Marketing Catalog Email Flyer Email SEO SEM SEO SEM
The Bar Is Being Raised Customer Value Segments Prog A C $$$ $$ $ C1 Universal Segmented Behavioral Campaign #1 Campaign #2 C2 C1 C2 C1 C2 C C Prog A1 C C C Prog B1 C C C Prog B C C C Prog C C C C
Optimizing Campaigns ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],CREATIVE MESSAGE CHANNEL CONTACT MEDIA OFFER AUDIENCE
The Bottom Line ,[object Object],[object Object],[object Object],[object Object],[object Object]
Steps for Marketing Database
Customer Intelligence Requires Marketing Strategy Examination ,[object Object],[object Object],[object Object],[object Object]
Identify Your Data Sources and Elements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Normalize Data ,[object Object]
Resolve Channel Demand ,[object Object],[object Object]
Aggregate Data Logically ,[object Object],[object Object]
Resolving Multiple Channels Allocation/Attribution
History ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Essential Beginning: Apply Hygiene!
[object Object],[object Object],[object Object],At a Minimum
Demand Allocation Model ,[object Object],Allocation Rules Order Management Feed Allocation Model Output Reporting Channel Demand Allocated Demand by Medium Demand Catalog $371,587 Catalog $527,742 Website $322,694 Email $108,128 Advertising $18,245 Paid Search - Brand $7,843 Email $89,435 Paid Search - Competitive $45,889 Total $801,961 Natural Search - Brand $8,457 Natural Search - Competitive $86,384 Comparison Shopping Engines $0 Google Analytics Feed Advertising $17,518 Allocated Demand by Medium Demand Total $801,961 Paid Search $85,971 Natural Search $134,674 Comparison Shopping Engine $0 Other $191,484 Total $412,129
Tips
Essential Beginning: Apply Hygiene!
Time is your enemy… …think  quick  wins as well as  big  wins! ,[object Object],Now! Future
Any response measurement scheme is a model – there is no perfect system Direction appears  long  before absolute clarity
Make testing part of  every   marketing strategy and plan Test Test A Test B Control
Separate  Branded   from  Competitive   terms when evaluating Search results “ Stroller ”
Examples The Promise of Channel-Agnostic Customer-Centric Data
Key Intelligence ,[object Object],[object Object],[object Object],[object Object]
Acquisition Costs by Channel ,[object Object]
Buyer Value by Acquisition Media
Rebuy Rate
Order Value Analysis
Merchandise Reporting by Medium Which channels drive categories?
Product Category Cross-over ,[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Summary – Steps to Take … Get experienced help
Important! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pitfalls to Avoid ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],The company with the best data and account intelligence will win! Database marketing will get more difficult and sophisticated
Al Bessin Executive Vice President CognitiveDATA 512-351-8197 [email_address]

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Editor's Notes

  1. The guidelines I would recommend are: Establish the frequency by how actionable the data are A data warehouse or some other flexible reporting environment should be used for other metrics Don’t forget to watch metrics for the performance of units outside your department that may impact your department’s performance - Operations, Inventory Planning, Fulfillment When evaluating performance, the greatest value is in comparing internally.
  2. The Berkshire Group LP Copyright (c) 2005