Showing posts with label lifecycle. Show all posts
Showing posts with label lifecycle. Show all posts

Friday, 22 June 2012

Lifecycle Marketing - It's All about Customer Needs and Wants

Individuals might look the same but that doesn't mean they will act in the same way or indeed need the same things.

The combination of choices of good and services available to a customer and the wealth of communication channels available to a brand make it a complicated world. This is the challenging environment a brand faces when it is trying to get a message through to a prospect or indeed an existing customer.

But by cracking this nut and treating customers at an individual level can pay massive dividends when trying to measure ROI. At the end of the day that's what it is all about, numbers

But ROI can't be built around a neat little profile of what customer segment ' Jason and Trudy' look like. ROI can only be built around what Jason and Trudy actually do, or what we can get them to do.

And ultimately, we can only get Jason and Trudy to do something if we interact with them in a way they control and are comfortable with AND that costs in for us.

If they want us to talk to them about baked beans via expensive pieces of direct mail, it just wont happen. Conversely, if a prestige car brand thinks it can sell premier quality cars via email only they are going down a one way street, the wrong way!

As shown as far back as the 2009 Forrester Research survey, “Profiling the Multichannel Consumer,” 70% of U.S. consumers that research online and purchase offline, 85% are multichannel buyers. Many organisations estimate that as much as 50% of their customers — typically those of highest value — purchase across multiple channels


In reality, a multi channel approach has been shown to work best, as long as we are mindful of the following

1- the messages coming through those channels look like they are coming from the same organisation. And by look I mean that they look, feel, sound and taste the same.

2 - each of the channels is used to it's strengths and and on what the customer or potential customer wants to use it for. Part of that involves understanding the lifecycle at a macro level , often depicted as in Figure 1


Figure 1

And the understanding what customers want or need at those various stages. As in any journey, the things you need will differ depending where you are on that journey, and there are other things you  don't want. The brands role is to match these needs and wants with content that is relevant and hence results in engagement - Figure 2.  




Figure 2


What's the best way of finding out what customers want ?. Ask them and Test your approach because ultimately it' about what customers do rather than what they say will do.

Actions based on a combination of what customers say and do will ultimately smooth their path to purchase

Wednesday, 23 November 2011

DMA Email Event - Key Takes Outs

Luckily in the audience during my presentation at the DMA Email Winback Event was Email Marketing Expert, Kath Pay from Plan to Engage.

These were her key takes outs as Tweeted during the session

Thanks Kath!

@iamgfc device - use media queries to determine which device they're reading your emails on so as to deliver the correct version #dmaemail


@iamgfc in the real world you can read body language to see if they're interested in what your saying - apply this logic to email #dmaemail


@iamgfc timing - understand latency for your brand/product - maximize key moments of truth#dmaemail @dmaemail


@iamgfc nothing lasts forever - understand the Lifecycle of your consumer. Consider timing content context and device #dmaemail @dmaemail


@iamgfc they never got your email - ask for re-entering your address- preferable to dbl opt in for list growth purposes #dmaemail @dmaemail


@iamgfc never active - I.e. competition subscribers. Value of these subscribers are different to your regular subscriber - think of ROI.


@iamgfc defining inactive - they were never active, never got your email, they never last forever#dmaemail @dmaemail


@iamgfc defining inactives will differ if you're a client, an ESP or an ISP. Very true. #dmaemail@dmaemail


@iamgfc don't underestimate the power of a thank you email, that arrives in your inbox immediately#dmaemail @dmaemail


@iamgfc important to meet expectations during subscribe process. Ask what other channels they'd like to hear from you #dmaemail @dmaemail


@iamgfc understand what your consumers are doing on a day 2 day basis so you can ensure your content is relevant @dmaemail #dmaemail


the conversation engineer @iamgfc is up now - how to keep the flame burning @dmaemail #dmaemail


You can follow Kath via @kathpay

Oh, and I'm @iamgfc by the way.