A Case for Personalization - Frederick Herot - Marketing Innovation & Discovery Summit 2009

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    A Case for Personalization - Frederick Herot - Marketing Innovation & Discovery Summit 2009 - Presentation Transcript

    1. 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
    2. 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
    3. Segmentation
      • Call to action in advertising heavily tested
      • Specific fulfillment items requested segments customer data
      • Survey on line provides rich data
    4. 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
    5. Example use case
    6. 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
    7.  
    8.  
    9.  
      • Product has not changed significantly
      • Dependency on foreclosure ads
      • Product one dimensional
      Example use case
    10. 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.
    11. 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.
    12. 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.
      • Product has not changed significantly
      • Dependency on foreclosure ads
      • Product one dimensional
      • Testing revealed emerging luxury market
      Example use case
    13.  
      • Product has new talking points
      • Luxury brochure deep seated as value
      • Multiple facets to product
      • Immediate lift in sales – new product line
      Example use case
    14. REALTOR® buzz… Trade shows and online media
    15. Then… … and now Social Networks
      • Social networking getting lots of attention
      • Direct marketing perfect for geo-targeting
      • Building Facebook communities with print to web
      Example use case
    16. Questions?
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    Frederick Herot, VP Marketing of Realtor.com and Er more

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