Uneak White's Personal Brand Exploration Presentation
Impact Survey Retail 2
1. Capturing the Full Potential of Direct Mail 360° Impact survey in Retail This report is solely for the use of client personnel. No part of it may be circulated, quoted, or reproduced for distribution outside the client organization without prior written approval from McKinsey & Company. This material was used by McKinsey & Company during an oral presentation; it is not a complete record of the discussion.
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4. DM IS A BETTER MEDIA THAN TV TO STIMULATE AWARENESS OF RETAILER'S OFFERING Indexed units Source: Market research; Team analysis TV only DM only Unaddressed mailing considered as “ noise” for both groups Awareness created around offering about 4 times higher with DM than with TV DISGUISED CLIENT EXAMPLE IN RETAIL SECTOR 3,8 “ Do you recall having received / seen a TV ad, DM, unaddressed mail from retailer?” Do you know the retailer's offering? Total offering awareness for media Active loyalty cardholders
5. BESIDES RECALL RATES, EXACT CONTENT OF DM IS BETTER REMEMBERED THAN TV AD Percent of respondents recalling medium Recall content of TV ad Recall content of DM mailing At least one None At least one None 57 Source: Market research; Team analysis Description of correct ad elements is higher for DM than for TV Number of correct elements mentioned Number of correct elements mentioned DISGUISED CLIENT EXAMPLE IN RETAIL SECTOR
6. COST PER USEFUL CONTACT FOR TV AND DM Active customers Indexed units Source: Market research; Media agency; Team analysis Fraction of correct add recall % of recipients within target 138 Fraction of respondents recalling TV add Increase in respondents knowing retailer's offering Cost per useful contact of DM campaign* Fraction of recipients recalling DM Increase in recipients knowing retailer's offering from those recalling DM 100 Fraction of correct PM recall DISGUISED CLIENT EXAMPLE IN RETAIL SECTOR *Note: 100% of recipients are within target Cost per useful contact of TV campaign Cost of campaign per reacheable customer Cost of DM per customer
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8. A LARGE MAJORITY OF CUSTOMERS DECLARING INTENTION TO VISIT SHOP ACTUALLY VISIT SHOP WITHIN 2 WEEKS Indexed units DISGUISED CLIENT EXAMPLE IN RETAIL SECTOR Source: Market research; Store statistics; Team analysis Customers declaring the intention to visit store (based on market research) Customers effectively visiting store (based on store statistics)
9. ROI OF A DM CAMPAIGN Indexed eur Additional short-term margin from DM generated sales* Margin loss Total impact * Additional margin, excluding cost for DM (design, printing, distribution) Source: Market research; Team analysis Incremental cost of DM vs. unaddressed mail 0 DISGUISED CLIENT EXAMPLE IN RETAIL SECTOR ~100 ~ 5 ~63 ~ 32 = Total impact Incremental cost of DM vs. unaddressed mail = 50% ROI Assessment of the marginal impact of DM versus unaddressed mail Cost for 1 DM campaign as compared to unaddressed
Editor's Notes
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