Fueling the Funnel through Customer Engagement
To succeed today, marketers need to understand how best to engage prospects and have a conversation with their customers. In this online marketing seminar, Rob Wiley will show how innovative companies are using the strengths of email, social media, and mobile to move customers through the marketing funnel, from lead generation and customer acquisition to making a purchase and becoming a brand advocate.
* Rob Wiley, Manager, Product Marketing, ExactTarget
Python Notes for mca i year students osmania university.docx
Fueling the Funnel through Customer Engagement - ExactTarget
1. 1 Online Marketing Summit Atlanta | July 14, 2010 Fueling the Funnel through Customer Engagement Interactive Messaging Rob WileySenior Product Marketing ManagerExactTarget @wileyrob 1
2.
3. 600+ ExactTarget employees serve 7,500+ clients and 500 reseller partners around the globe
4.
5. Sales & Marketing Funnel lower value higher value Prospects and Customers Customers Prospect Awareness TV Print Radio Outdoor Cinema Interest Consideration Preference Multichannel/ Direct media Traditional media Purchase Direct Mail Email Search & Web Social Media Web 2.0 Mobile Marketing DRTV DR Print CPM Upsell Cross Sell Loyalty
6. Sales & Marketing Funnel – Traditional funnel may be obsolete lower value higher value Prospects and Customers Customers Prospect Awareness TV Print Radio Outdoor Cinema Interest Consideration Preference Multichannel/ Direct media Traditional media Purchase Direct Mail Email Search & Web Social Media Web 2.0 Mobile Marketing DRTV DR Print CPM Upsell Cross Sell Loyalty
7. Sales & Marketing Funnel – Today, the top of the funnel is smaller lower value higher value Prospects and Customers Customers Prospect Awareness TV Print Radio Outdoor Cinema Interest Consideration Preference Multichannel/ Direct media Traditional media Purchase Direct Mail Email Search & Web Social Media Web 2.0 Mobile Marketing DRTV DR Print CPM Upsell Cross Sell Loyalty
8. Sales & Marketing Funnel – …And, the customer journeys start anywhere lower value higher value Prospects and Customers Customers Prospect TV Print Radio Outdoor Cinema Multichannel/ Direct media Traditional media Direct Mail Email Search & Web Social Media Web 2.0 Mobile Marketing DRTV DR Print CPM
9. Our Conversation Today Clear Marketing Goals are Essential to Effective Marketing Communication that will Lead to Customer Engagement
11. The Marketing (R)evolution Addressable Voice Mobile Email SMS + MMS IM Email Direct Mail Telephone Mobile Email SMS IM Email Direct Mail Telephone IM Email Direct Mail Telephone IM Email Direct Mail Telephone Direct Mail Telephone <1990 1990s 1999 2000s 2010 TV Radio Print Display TV Radio Print Display Website Search Online Display TV Radio Print Display Website Search Online Display Paid Search Landing Pages Microsites Online Video Webinars Affiliate Marketing TV Radio Print Display Website Search Online Display Paid Search Landing Pages Microsites Online Video Affiliate Marketing Webinars Blogs RSS Podcasts Wikis Social Networks Mobile Web TV Radio Print Display Website Search Online Display Paid Search Landing Pages Microsites Online Video Affiliate Marketing Webinars Blogs RSS Podcasts Wikis Social Networks Mobile Web Behavioral Social Media & Ads Virtual Worlds Widgets Twitter
12. “The mix of media channels has shifted from a one-way broadcast model to a set of dynamic two-way media forums.” Source: Booz Allen Hamilton HD Marketing 2010: Sharpening the Conversation
13.
14. 54% plan to increase budgets for email marketing.
15. 66% plan to increase investments in social media.
16. 56% plan to increase budgets for mobile marketing.
18. 51% plan to increase budgets for paid search.Marketing Budgets 2010: Effectiveness, Measurement and Allocation Produced by: ExactTarget and eConsultancy Survey Sample: 1,000+ Marketing Professionals, B2B and B2C
20. “Those who buy products marketed through email spend 138% more than non-readers of email.” Source: Forrester Research “E-Mail Marketing Comes of Age.”
21. 50 million U.S. Internet users are active users of social networks. Source: USC, “The Digital Future”
64. EMAIL + SMS SUBSCRIBER ACQUISITION Thx 4 ur interest in Scotts Lawn Care Update monthly email. Reply BAT [space] ur email address (ex:BAT mlb@mlb.com) 2 complete sign-up. H help Std rates apply
Milwaukee Electric Tool Corporation is gaining global market share with an email marketing program that has helped boost traffic on the company’s Website by more than 30 percent in the past year. Designed and powered by global email marketing and digital marketing provider ExactTarget, Milwaukee Electric Tool’s Heavy Duty News emails feature new product information, how-to videos and special email-only offers. “We continue to break site traffic records following every email campaign,” said Vickie Chiappetti, e-marketing project manager at Milwaukee Electric Tool. “Email provides us a vehicle to interact with customers online and has quickly become one of the company’s top priorities for user acquisition.” The company, which sells its power tools and accessories worldwide through full-line tool authorized distributors, home centers and hardware stores, relies on ExactTarget’s services team to design and optimize email content for its growing subscriber list which exceeds six figures. “ExactTarget’s design team provides us a seamless solution to produce top quality emails without having additional staff onsite,” Chiappetti said. “They’ve become an extension of our team and are in part why we can point to the success we’ve had to date.”
GLS Companies provides direct marketing and lead generation services for BtoB marketers. The company employs 12 outside sales executives, and uses ExactTarget + Salesforce.com to automate the creation, delivery, and tracking of email communications to GLS customers and prospects. All email communications are sent on-behalf of he GLS sales exec who “owns” the relationship. GLS collects business cards at trade shows All leads are entered into SFDC and assigned to a GLS rep Email follow-up for trade show attendees Sent on behalf of GLS sales executive Content is Personalized for prospective customer
Tactic: Use Email for Multi-channel MarketingWorking with Customer Portfolios, Johnston & Murphy has segmented their subscribers into different groups based on purchase behavior. Messaging is then tailored to the specific needs of each group based on this behavior & new purchases can move them into different categories.ChallengeHow to drive purchase through online store, catalog, and retail storesHow to accelerate re-purchaseSolutionInvite opt-in through website and storesExecute automated email campaigns that deliver personalized offers based on interest or purchase behaviorResults (in last 24 Months)New Customers: Up 29%Email Open Rate: Up 18%Email Response Rate: Up 44%Sales Generated from Email: Up 33%Integrated with Omniture to do predictive modeling and recommendation of best offer based on previous purchase
CardsDirect Uses Search (SEO and PPC) to attract potential customers Implemented a new on-site opt-in program in 2009. Provides new subscribers a 15% off “special welcome offer.” When customers order cards, they are offered the option to receive promotional emails. CardsDirect also uses several 3rd party double opt in programs to build the list. Uses email to drive new and repeat visitors to e-commerce website. Result: CardsDirect has more than doubled sales revenue from email 2009 vs 2008 Testing was key to email success. CardsDirect test everything from offer, creative, offer duration, landing pages, etc. Uses Google Analytics for campaign testing, optimization, and revenue tracking.
Combining email with web analytics for intelligent remarketing is all the rage these days. Yes, it’s been around for a while, but people are just now figuring it out, and when they do figure it out, they are seeing a huge uptick in the amount of sales driven from these emails – all from what would potentially be a lost customer. SkyMall is an example of a client that integrates their email campaign with data from Coremetrics. If you’ve ever flown on a plane you know who SkyMall is, but in addition to orders from catalogs, they do a large amount of business on the web as well as over the phone. SkyMall has spent a lot of time understanding buying patterns within their customer base and they constructed a truly intelligent remarketing campaign: Daily, Coremetrics provides a list of individuals who are registered to receive email and left the website with one or more products in their shopping cart.SkyMall waits 2-3 days before sending a remarketing email because what they’ve found is that many people browse online and then pick up the phone and call in their order. In the 2-3 days that they are waiting, they have automated the process of comparing the list from Coremetrics against their phone order data to remove anyone who has purchased. Finally, they send an email trying to reengage the potential buyer. They often change up the call to action to see what works best. Sometimes its just a reminder that they have items left in the cart, sometimes they do a discounted shipping offer, and sometimes they even offer up a phone number for the individual to call in and get assistance. No one approach works for any one company – you’ve got to get creative.
Gordmans Profile Gordmans is an Omaha-based retailer of ELP (Everyday Low Price) merchandise. The company has 65 stores and is considered a higher-end version of Marshalls. Email marketing is the backbone of Gordmans direct marketing strategy used in combination with limited direct mail to drive traffic to storesOne of Gordmans most successful email campaigns is its automated Birthday Email which is triggered by the customer’s birth date that is captured at email subscription.Results:70.5% Open Rate4.3% Conversion Rate (of delivered)6.0% Conversion Rate (of opened)“Happy Birthday” Offer Transaction is 33% higher than average!
About Mike’s Car WashOpened in 1948 in Fort Wayne, grown to 34 locations. (28 in Indiana and 6 in Ohio)Family-owned and operated500 employeesEmail Marketing Campaign Drives 60% Increase in Fathers Day Gift SalesUsing email marketing software from ExactTarget, Mike’s Car Wash generated a 60% increase in online purchase of Father’s Day car wash book sales over 2008Current goal is focused on expanding the email subscriber database and using this database to execute targeted one-to-one direct marketing promotions of car wash book sales for events like Christmas, Father’s Day, Mother’s Day, etc.Mike’s Email Subscriber Acquisition StrategyMike’s Car Wash ran its “Talk to Mike’s” survey promotion for approximately 30 days at all 36 of our Indiana and Ohio locations. During that time, approximately 400,000 invitations to take our survey were distributed on receipts. Out of the 400,000 Mike’s acquired 37,907 unique, usable addresses. Only allowed one free wash per email address so repeat customers were not able to receive multiple free washes. The promotion we ran was fairly complex. Mike’s elected to give a free wash to each customer who completed the survey with the extra condition that the free wash would mirror whichever wash service the customer had purchased (Express, Choice or Works). This meant that Mike’s had 3 different emails that could be sent via triggered sends depending on the type of wash the customer had purchased. Another condition of the promo was that each wash coupon code had to be unique. Mike’s accomplished issuing a unique code using ET’s live offer functionality which allowed them to create a barcode image with a unique code automatically at the time the email was sent. The codes used in the emails were pulled from a dataset that Mike’s uploaded into ET’s system. So that Mike’s could send the customer the correct type of wash, Mike’s required the customer to provide their “Sale ID” which is a unique identifier in Mike’s POS system database. Using the Sale ID Mike’s was able to pull their sale information from the POS. Once Mike’s had that data, they used the ET web services API to trigger the correct email. Checking the Sale Id also allowed Mike’s to ensure that the individual taking the survey was in fact a customer and that they had not used the Sale ID to complete the survey before.
The Taco John’s program launched in early July and it’s on track to meeting the goals that were set for the program. In the first month, Taco John’s signed up over 14,000 new members for Potato Olés® Maniacs and the growth rate continues to be on track. In addition to the email program we also have set up social media platforms on Facebook (www.facebook.com/tjmaniacs) and Twitter (www.twitter.com/tjmaniacs) to give our Maniacs more ways to talk to Taco John’s and importantly for Taco John’s to have an on-going dialogue with them.
All social media needs email to survive. The inbox is THE foundation of social media.
Brand Fans have become your best marketers.
Dreamfields uses SEO, PPC and Word of Mouth to attract consumers to www.trydreamfields.comConsumers are invited to register for Dreamfields’ email newsletter and receive a $1 coupon as a “Thank You”In less than three years, Dreamfields has built an opt-in database of 500,000+ consumer email subscribers and 20,000 healthcare professional email subscribersDreamfields uses ExactTarget to deliver offers, recipes, and coupons to subscribers; invites them to visit the Dreamfields page on Facebook where they can exchange their recipes and experiences with other consumersDreamfilelds is now using ExactTarget’s Social Forward capability to invite subscribers to forward Dreamfields email with friends in their social networks. This will have an enormous impact on subscriber database growth and product salesAs of August 20, 2009, Dreamfields sales are up 13% year to date while all other brands in the category are down or flat.For FY 2009, Dreamfields 8.3 million pounds of pasta, a 177% increase over FY 2005Dreamfields has reduced its advertising budget by 95% since converting to its digital marketing strategy
Scotts combines Coupons Inc. dynamic logic code that was implemented on its site, and HTTP GET commands on a Microsite landing page served by ExactTarget to create a dynamic link AND customized page for the visitor. Scotts will be using this on 3 different campaigns. This one is for Scotts EZ Seed product which will have a ton of media and word of mouth marketing behind it. The other is through a TV spot for Scotts Advantage, and the 3rd one will be supporting a new product launch in some test markets.
Papa John’s used Social Forward (ExactTarget’sShareThis integration) for its 2009 March Madness promotionIn the first 3 days, Papa John’s attracted 135,000 to its Facebook page added more than 45,000 new email subscribers
Increased list size by 2,000 subscribers through text (Text Capture) and web forms (Smart Capture) Served as a catalyst for conversation with Estridge about new home construction
Pier 1 Imports goes mobilePier 1 Imports is partnering with Barnes & Noble for an SMS sweepstakes as part of its efforts to reach a younger demographic.The retail giant has deployed in-store mobile calls-to-action -- signage next to the prize, a Papasan chair -- in 100 Barnes & Noble bookstores near college campuses. Consumers who text in receive a text message confirming their registration in the sweepstakes and asking them to opt-in to receive promotional emails from Pier 1 Imports.The Pier 1 Imports SMS sweepstakes campaign started July 15 and is running through Sept. 30.The campaign is keyword-specific -- with a unique keyword for each store -- so Pier 1 can identify from which store each consumer texts in.The call-to-action asks consumers to text a keyword with their email address to Pier 1's short code to enter to win the Papasan chair."The goal for the SMS initiative is integration with the email campaign, basically creating a trickle campaign on the back-end," Mr. Haddox said. "Rather than lumping these college students in with our main marketing campaign, we're segmenting them and treating them differently."We have to speak to a younger demographic in a different way," he said. "We're trying to engage them and getting them to come in-store, and there are various ways, including the SMS sweepstakes.“In April, Pier 1 will be using SMS to make it easy for store visitors to opt in to its email program. The test will run in all Pier 1 California stores. This is a cool campaign because Pier 1 is not only inviting subscribers to opt into its email program but is also asking them (via email) to provide a full set of personal data (including their Twitter handle) with the promise of $5 off their next purchase.
Scotts products – like Turf Builder – are used by many major league baseball park groundskeepers. Fenway Park in Boston is one MLB ballpark where Scotts products are used. And Scotts is also a major advertiser at Fenway.In 2009, Scotts began experimenting with “between innings” text campaigns as a tactic to attract new subscribers to Scotts’ Lawn Care Update e-newsletter. The campaign is a natural for Scotts because fans can see how effective Scotts products are for Fenway Park, and Scotts uses “direct response text” to make it easy for fans to get information on how they can also get the same results for their lawn using the right Scotts products at the right time.The campaign test has been so successful that Scotts will expand it to other MLB parks in 2010.
Talking Points: Marketers need an interactive marketing hub: ExactTarget is the central point for all digital marketing communications. ExactTarget provides a single control point for sending messages and managing interactions. Marketers need a single point to manage all data: ExactTarget offers the most robust platform to aggregate any type of marketing data (e.g. CRM, POS, web analytics) with their tracking data to provide a complete profile of customers for marketing, remarketing and transactional messaging. Power multi-channel interactive marketing programs: ExactTarget powers permission-based messaging across all digital channels, including email, mobile, social and sites.
Websense’s Email strategy to customers, prospects & channel partners involves:Segmentation – different messages for different audiences, and how ET helps us manage thatProduct awareness – messages developed to update current customers on what is new with their productsEducation – training webcast invitations for end users as well as partnerLead gen – lead management and nurturing – Action/Interest based messaging
Genworth Financial uses ANNUITY OUTLOOK to:Keep independent Financial Planners, Brokers and Agents informed about Genworth Financial investment and retirement planning products.Promote Genworth Financial product resources for download.Details:ANNUITY OUTLOOK is sent weekly by corporate marketing on behalf of each Regional Vice PresidentList of recipients is pulled from Salesforce.com which is integrated with ExactTargetGenworth Financial uses ExactTarget’s dynamic content technology to personalize and tailor email content to the needs of individual subscribers. Two statistics validate that this strategy is delivering big results:Personalized (sent on behalf of the sales executive) produced a 7-10% higher open rate compared to non-personalized emailSales were 39% higher for Genworth customers who received personalized e-newsletters compared to those who did not
Volvo Construction Equipment sends its Remarketing Email each week to approximately 1,200 select customers / dealers / brokers and averages a 20% open rate. Using ExactTarget’s content syndication, Volvo Construction Equipment captures the HTML from its online inventory Website and automatically populates its email marketing messages without having to manually enter inventory data or other information. To further boost the performance of the campaign, the equipment maker integrates ExactTarget with Microsoft Dynamics CRM and Omniture web analytics to track subscriber activity and refine future messages. “We’ve reduced overall build time of our remarketing emails by more than 50 percent with content syndication,” said John Johnston, eBusiness Marketing Manager. “Using ExactTarget’s API, we automate the import of the HTML from our inventory site and never have to manually replicate information to build our marketing emails. It’s a huge time saver.”
Motorcycle Superstore revs up sales with personalized e-mail marketingProving that customers can still be inspired to make purchases even in an uncertain economy, Motorcycle Superstore saw a 21.7% revenue increase in the first week after launching an e-mail campaign Sept. 21 that incorporated personalized product recommendations. With what the company calls its one-to-one merchandising, Motorcycle Superstore uses behavioral data gathered with WebTrends Inc. technology combined with its e-mail marketing application from ExactTarget to send e-mail messages with personalized product picks. These items appear on the lower part of the messages and are based on customer visiting habits over the previous two weeks.
Approximately 70% of conversion processes are abandonedbefore completing the checkout process:This causes:+ Lost revenue+ Channel switching (such to phone, or mail which may increase costs for the company)Remarketing to website abandoners yields up to 50% conversion of those that had abandonedRemarketing done well+Multi-stage follow up+ Service minded approachSmiley Cookies uses Abandonment Tracker Pro from SeeWhy to automate the personalization and delivery of triggered emails that enable the online retailer to re-engage shoppers who have not completed their order.
INDIANAPOLIS (Aug. 31, 2009) –Petplace.com email marketing campaigns have helped the company grow its top-line revenue by 50 percent and launch a new ecommerce business that went from zero to $1 million in less than 12 months. The Florida-based firm, whose site has earned a top 10 rating from Nielsen, launched its ecommerce effort in 2008 to offer its more than 1 million monthly visitors a single Website for recommended pet products ranging from healthcare items to toys in addition to the company’s core offering of more than 10,000 veterinarian-approved pet health articles. “Petplace.com has grown to become the leader in the online pet health industry by providing pet lovers with veterinarian-approved information and products,” said Diego Saenz, president of Petplace.com. “ExactTarget provides us a true direct marketing engine that has allowed us to build off our initial success with email and post explosive growth in our ecommerce by extending the reach of our Website via highly targeted messages and offers based on customer preferences and activities.” Powered by ExactTarget’s Enterprise Edition, Petplace.com sends more than 10 million emails every month to subscribers featuring veterinarian commentary, product offerings, pet videos and interactive surveys. Using data from its Web analytics provider Google Analytics coupled with a customer’s identified type of pet, Petplace.com relies on ExactTarget’sautomation tools to select the best content and product offers to provide to customers based on their activity on the site, recent clicks in emails and identified interests. In addition to its recurring veterinarian and product emails, the company uses ExactTarget’s triggered messaging technology to power a series of welcome emails featuring exclusive content and offers during the first 30-days a customer has subscribed to their newsletters.
Cable Chopping Network’s email marketing strategy accounted for 8% of total online revenue 2007 and 17% of total online revenue 2008. One of the keys to success for this $40M marketer of collectibles company, is their automated system for remarketing emails. The automated system – which uses ExactTarget and Omniture – sends customized emails to online shoppers who have placed an item in their shopping cart, but have not completed the purchase. The emails ask the shopper if they encountered difficulties in the checkout process and offer a discount for completing the purchase. According Steve Harris, VP Marketing for Cable Chopping Network, CSN’s email remarketing strategy accounts for more than $250,000 in “recaptured” sales annually. This represents a 5X return on CSN’s annual ExactTarget software licensing investment.
Carhartt uses email powered by ExactTarget to invite customers to submit their stories of how they use Carhartt work clothes in their jobs. The stories provide the content for the Carhartt “My Tough Job” blog which drives traffic to retailers, build brand loyalty, and has improved the “searchability” of Carhartt’s website