Showing posts with label CRM. Show all posts
Showing posts with label CRM. Show all posts

Thursday, January 24, 2013

Email Driving Cross Channel Integration


Thursday, Jan. 24, 2013


According to the Experian Marketing Services market survey addressing email acquisition and engagement tactics, 44% of total opens occur on mobile devices; 52% of marketers have used animated gifs in their email campaigns; marketers are seeing strong survey completion rates, regardless of offer; email is a strong performer as a generator of both website traffic and revenue; email marketers are testing subject lines and creative more than any other factors; 78% of brands use sales associates to collect email addresses.
Email marketing continues to be the hub and a driving force in cross-channel integration, says the report, as marketers’ email strategies act as connectors to Website, mobile, social and in-store channels. The study surveyed email marketers across eight verticals about their email-marketing initiatives.
Peter DeNunzio, general manager at Experian Marketing Services CheetahMail, says, “... more email marketers (are) testing new engagement strategies to expand their reach into other marketing channels... (as) a spearhead... towards true cross-channel optimization...”
The continued efficacy of email marketing makes email address acquisition a prime tactic for high return on investment (ROI). Today’s email marketers are using multiple channels to acquire new subscribers. Key findings show that:
  • 22% of brands utilize pop-up windows on their Websites; nearly one in four Websites
  • 36 % of brands collect email addresses on paper, exposing brands to a higher potential for bad addresses and input errors
  • More marketers are implementing e-receipts to provide marketers and customers with benefits, including up-sell and engagement opportunities
  • 30% of marketers make no fields in a registration form mandatory, focusing first on acquiring an email address and then using other tactics, such as preference centers and surveys, for acquiring more information about customers later
Marketers can no longer blast their list with irrelevant messaging without experiencing negative consequences, both from customers and ISPs, says the report. Email marketers are adopting more tactics to track behaviors and acquire subscribers’ preferences and interests in order to market to them more effectively:
  • Regardless of the offer, marketers are seeing strong survey completion rates
  • Email is still a strong performer as a generator of both Website traffic and revenue
  • Email marketers are testing subject lines and creative more than any other factors
  • 52% of marketers have used animated gifs in their email campaigns
  • While 98% of marketers promote their Facebook page in emails, only 32% promote Pinterest
  • More than 50% of email marketers currently optimize or plan to optimize emails for mobile viewers
In 2012, Experian Marketing Services recognized new trends and tactics in three channels of email address acquisition: point of sale, Website and sweepstakes.
Subscriber acquisition practices at point of sale of email marketers whose brands operate brick-and-mortar locations:
  • 78% of brands use sales associates to collect email addresses
  • 36% of brands collect email addresses on paper
  • 73% of marketers source and track email addresses acquired at point of sale differently than other addresses
  • 33% of marketers report that more than 25% of their customers are willing to provide their email address at point of sale
The extensive report concludes by noting that “whether you are looking to grow your list through organic subscriber acquisition, or create more engaging campaigns that produce higher ROI, the study findings provide a benchmark to help gauge which programs would work best for your business.

Monday, March 26, 2012

What CRM Means In a Social Age

Using Social Data to Better Understand Your Customer



Many marketers now have more fans and followers across social media than they do e-mail or direct subscribers. Brands are forced to adopt new customer relationship management (CRM) practices quickly as legacy technologies, previous partner relationships, and organizational structures are challenged in meeting the needs of today's social consumer. There is no question that consumer behavior has changed. But how can large enterprises shift to effectively connect with their consumers while leveraging the power that good CRM provides?
While there is no silver bullet, practices and technologies are emerging that make the most of connecting with the social CRM channel. Understanding key themes and sifting through the noise is crucial to getting an organization set up. The war for dominance in this area will be brutal, with a landscape that is likely to see upsets while a handful of marketers build solid names for themselves.
Social CRM Defined
An effective Social CRM strategy must focus on better understanding, anticipating and responding to the needs of existing and potential customers by leveraging social data to create stronger, mutually beneficial relationships. Technologies, content, and data management strategies are likely to vary wildly from previous CRM practices, thus creating a new landscape for the marketer.
Why Social CRM Matters
Customer data has no value in itself. What you do with that data is imperative. Social media gives a marketer a unique lens into content, campaign, and customer insight that has not been available until now. Using this new data source to better understand your customer can drive increased marketing effectiveness across all channels. Each vertical will use this data differently and see the power and progression of social CRM unfold in different ways.
Techniques Will Vary By Vertical
Unlike the early days of social media management, one size does not fit all. Big Data management, systems integration, and real-time analytics are coming to a marketing boardroom near you. For many marketers, including consumer packaged goods, automotive, fashion, retail, and airline, social CRM should end, or greatly reduce legacy CRM practices, as relationships managed through the social channel take the lead. This phenomenon has already been experienced with companies like Ben & Jerry's that eliminated their e-mail marketing in July of 2010 to map evolving customer communication preferences.
Other verticals like telecoms and financial service organizations are more likely to see their legacy practices continue as they seek to add a social component to their existing systems. This makes sense as their business challenges are often driven more by direct sales and customer care CRM scenarios than by pure brand-building marketing relationship management. However, even the practices of conservative organizations will continue to evolve over time as their customers shift the ways in which they expect communication.
Guide to Getting Started
The good news is that most brands have already started to build direct connections with their consumers across Facebook, Twitter, YouTube, Ren Ren and the like. If your brand has not yet ventured even this far, it is unlikely that this article will help you.
Start by mapping customer touch-points—understanding the data provided by each touch-point to better realize consumer expectations for contact by your vertical. This is not solely a marketing exercise and unlikely something that should be tasked to a digital communications agency. This process works best if a consultative process is used that includes PR, digital, marketing, customer care, IT/IS and marketing operations together with other areas, depending on the vertical.
Next step is designing your new "social stack" or the collection of software and services you'll require to reach your customers and achieve your objectives. There is no single-solution software on the market today so you'll likely need some integration processes. This will require yourorganization to map software and services in parallel and to define a project implementation lifecycle. Depending on company size, it may take one to two years to operationalize and realize the full potential of your new stack.
Key areas of focus in this stack should be (1) publishing and customer contact infrastructure, (2) data storage and management systems, (3) analytics and visualization software, and (4) third-party data sources (Facebook, Radian6, Twitter, paid media, web analytics, etc.). It sounds complex but significant work has already been done throughout the industry to make this all easier.
Marketers should speak with a number of vendors to understand their approaches and objectives prior to issuing an RFP. At this stage in the market, it is appropriate to venture forward with a more open RFI model. I continue to see many RFP's that are overly specific and that seek tactical solutions instead of approaches aligned to a company's long-term priorities and integrations. The danger in such a methodology is that it ends up developing solutions in search of a problem or tactical solutions that will not survive over the long-term as they are not connected to a core business challenge.
Ready or not, the world of social marketing and CRM are coming to a new place in market maturity and marketer opportunity. Over thenext few years, the social marketing landscape will shift from one of fragmented tools to a future of integrated platforms interwoven for marketing effectiveness. Marketers who embrace the change early will be best suited to serve their organizations and to meet the expectations and demands of their customers.