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Evolving Consumer Expections

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Epsilon's presentation, 'Evolving Consumer Expections' looks at the differences in consumer expectations – what’s been happening over the last few years and where we find ourselves today.

Epsilon's presentation, 'Evolving Consumer Expections' looks at the differences in consumer expectations – what’s been happening over the last few years and where we find ourselves today.

What that means for those of us that work in marketing whether we’re in agencies advising clients or client-side marketeers seeking to improve customer acquisition, loyalty and retention.

The presentation will also show some practical examples that demonstrate how we meet today’s challenges – looking at how we can embrace change and market successfully to each individual, recognising of course that each individual is not the same, but a unique individual with different wants, needs, motivations and preferences.

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    Evolving Consumer Expections Evolving Consumer Expections Presentation Transcript

    • EVOLVING CONSUMER EXPECTATIONS
    • Hayden Saunders Hayden delivers solutions that help marketers to better understand customers and their cross-channel decisions. Jane Finch Jane is responsible for helping Epsilon’s clients in EMEA to implement and optimise their multi-channel solutions . Senior Project Manager, EMEA Solutions Consultancy Director, EMEA
      • Changes in consumer expectations
      • What that means for marketing and marketeers
      • Some practical examples that show how we can embrace that change
      What We Will Cover Today
      • Consumers have taken control , and we see it every day in their expectations and behaviours
      • Unprecedented choice
        • How and when they communicate with brands and each other
        • Obtain information
        • Make decisions, shop and buy
      • Accelerated pace of interactions
        • Digital interactions enable consumer voices to be heard and amplified across channels in minutes
      Consumer Empowerment
      • Marketing has changed more in the last 5 years than the previous 50
      • Impact of media proliferation
      • Science versus art
      • Seamless consumer movement between channels
      • Consequences of time compression on marketing
      Marketing Complexity
      • The choices are
      Mar keters at a Crossroads Or… Become paralyzed by the complexity and apparent loss of control 1 Embrace this shifting marketplace with new ways to listen , learn and influence consumer behaviour 2
    • You Have to Be Listening You Have to Be Channel Aware You Have to Have a Message Ready You Have to Be Integrated You Have to Have a Multi-Channel Plan
    • You Have to Have Memory
    • You Need to Understand the Influencer Network
    • You Need to Link all the Interactions by Consumer
      • Marketers must adopt new ways to …
      A New Way Forward Engage Consumers Differentiate Brands Earn Long-Term Preference We call it Customer Experience Marketing
      • Welcomes customer participation into experience design
      • Facilitates engaging conversations across channels
      • Evolves conversations into win-win relationships
      • Inspires consumer involvement and action
      • Leads to loyalty , giving brands a true competitive advantage
      • Stops disrupting what people are interested in and becomes what they’re interested in
      Tenets of Customer Experience Marketing
    • Experience Maps | Year 2000 Example
      • Jennifer Thompson
      • Age 34
      • Married mother of 3
      • Lives in Basingstoke, Hants
      • Household income £85,000
      • Magazine subscriber to:
        • Home
        • Health & fitness
      • Catalogue buyer
      TARGET TOUCHPOINTS SHOP CUSTOMER CALL CENTRE EMAILS / NEWSLETTERS DIRECT MAIL SMS / TEXT PRINT ADS & OUTDOOR ADS BROADCASTS: TV & RADIO WEBSITE ENGAGE 4 On her way back from the supermarket, Jennifer notices an ABC shop, and decides to look at their summer dresses. Jennifer buys a dress. At the till, Jennifer signs up to receive the ABC Fashion mail order catalogue. ONLINE BANNERS / SEARCH BOND 5 Jennifer receives ABC Fashion’s catalogue in the post. While drinking coffee with a friend at home, they leaf through the catalogue and post an order for several accessories to go with her new dress. CONNECT 1 2 3 Jennifer receives her favourite health and fitness magazine in the post and while reading sees a full page ad for ABC Fashion. Later, she sees a billboard promoting ABC Fashion on her drive home. That evening, while watching TV she sees an advert promoting ABC’s new summer collection.
    • Experience Maps | 2010 Example
      • Jennifer Thompson
      • Age 34
      • Married mother of 3
      • Lives in Basingstoke, Hants
      • Household income £85,000
      • Magazine subscriber to:
        • Home
        • Health & fitness
      • Catalogue buyer
      TARGET TOUCHPOINTS SHOP CUSTOMER CALL CENTRE EMAILS / NEWSLETTERS DIRECT MAIL SMS / TEXT PRINT ADS & OUTDOOR ADS BROADCASTS: TV & RADIO WEBSITE ONLINE BANNERS / SEARCH / SM CONNECT 1 2 3 While checking her email online, Jennifer noticed a banner ad for ABC Fashion. She’d heard of the shop as her friend talked about it on Facebook. From the ad, she clicked through to the shop’s website where she saw a dress she liked. She decided to sign up to special offers by email and SMS. 4 5 ENGAGE 6 Minutes later Jennifer received a welcome email from ABC Fashion, which included a 10% limited time discount on their summer collection. Going to the website, she added the dress in the shopping cart but had second thoughts. The next day, a reminder email arrived. A week later a postcard arrived with the same offer and deadline. She went back to the website and completed the order. 7 8 9 10 BOND Following the delivery of the dress, Jennifer received an email suggesting accessories to match. Going into the high street store to look, she decided to buy them. The next week she received a reward voucher in the post. Via one of ABC’s weekly emails she puts an ABC shop link on her Facebook page, as she will earn credits for each friend who signs up to their emails. 11 13 12 14 15
    • SUPPORTING TECHNOLOGY
      • Thorntons – Measuring Digital Attention
      • Thorntons – Fast, Automated Eye Tracking
      • Email history
      • Demographics
      • Preferences
      • Promotion History
      • Redemptions
      • Multi-Channel Interactions
      • Social comments
      • Survey Response
      Consumers & Data Consumer Marketing Data Model Consumer Data Marts Consumer Marketing Warehouse Consumer Data Integration (CDI) Process Data Audit / Exception Reporting Name & Address Standardisation Hygiene Segmentation Engine Consumer Matching / Householding Referential Data Strategic & Analytic Consulting Customer Strategy CRM Planning Modeling & Analytics Full Service Agency & Fulfillment Strategy & Creative Account Service Print Production Centralised Consumer Marketing Solution Social Media IVR / Call Center Reply Card Coupon Redemption $ Brand Websites Email Mobile Consumer Touchpoints & Marketing Channels Data Interfaces Data cleansing, and common key assignation Batch Processing Real-Time Real-time content serving Marketing Applications & Integrated Channel Execution Client / Brand Solution Portal Standard / Ad-hoc Reporting Analytics / Modeling Environment Loyalty Solutions Advanced Campaign Management Open Database Access
    • WRAP-UP
      • Consumer empowerment
      • Marketing complexity
      • Data potential
      • Understand and facilitate the customer experience
      • Higher conversion, higher loyalty
      Wrap Up Customer Experience Marketing
    • Q&A