A Case for Personalization - Frederick Herot - Marketing Innovation & Discovery Summit 2009 - Presentation Transcript
THE CASE FOR PERSONALIZATION Frederick Herot
Print to web
Testing and optimization
Segmentation
Call to action fulfillment
Channel monotony
Unconventional uses of digital print
Old school
Home prices always go up
Put home on market and it will sell
Thanks for the recipe, your postcard was adorable let’s list the house
Print to Web
This market
Is the market in free fall or improving?
Will I lose everything or did it stabilize?
Forget the recipe cards – this is serious business
Print to Web
Offer is about what occurred locally
Image on mailer incorporates data on homes within 100 feet
Call to action is to get report on web
Lead capture
Closed loop system
Print to Web 55512
24 messages tested
700% better response
Swift adaptation to changing market
Testing and optimization
Magazine ads were failing
Contractual obligation
Cycle to test message was 90 days
3 failed messages = 1 year no leads
Testing and optimization
Examples of failed ads
Testing and optimization
Testing and optimization
Idea – test 12 messages with “tack in card”
Quickly eliminate loser messaging
Use winner in more expensive long runs
Print test lead to online testing as well
Testing and optimization
Segmentation
Call to action in advertising heavily tested
Specific fulfillment items requested segments customer data
Survey on line provides rich data
Shift in paradigm
Old school
Branding
Product claims
Discount
Testimonials
This market:
Tools that can be used today
Education and practical problem solving
Examples of “how to do”
Downloads and step by step guides
Shift in paradigm
Example use case
Example use case
Test of emails for survey
Survey
Data acquired
Fulfillment / reward
Channel overloaded – email
Attendance shortfall
Postcard for event
Attendance goal achieved
Example use case
Product has not changed significantly
Dependency on foreclosure ads
Product one dimensional
Example use case
Average Performing Ads Category: Average performing ads. In our testing, on average, these ads need approximately 1.8k impressions for a click and 53.2k impressions for a lead.
Above Average Performing Ads Category: Above average performing ads. In our testing, on average, these ads need approximately 2.2k impressions for a click and 38.0k impressions for a lead.
Exceptionally Well Performing Ads In Both CTR and Leads Category: These ads were consistently in the top 10 for CTR and Leads In our testing, on average, these ads need approximately 1.3k impressions for a click and 12.1k impressions for a lead.
Frederick Herot, VP Marketing of Realtor.com and Er more
Frederick Herot, VP Marketing of Realtor.com and Eric Cosway spoke on Personalization in direct marketing. More summit 2009 materials at TheDirectMarketingVoice.com; Follow for more twitter.com/quantumdigital less
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