SlideShare a Scribd company logo
1 of 43
Download to read offline
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
The power of me:
The impact of personalization
on marketing performance
2 2
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Table of contents
Research objectives 3
Executive summary & recommendations 5
The findings
• What consumers think about personalized experiences 9
• How various industries stack up in personalization 16
• How to identify consumers who are receptive to personalization 35
Methodology 40
2
3 3
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
We partnered with GBH Insights to survey real consumers to understand how
personalization can enhance the relationship between brand and consumer.
The results show how consumers feel about personalization, what experiences influence
their behavior and what we can do to better connect with them to drive business results.
Research objectives
Goals:
Understand
consumers’ general
behaviors and
attitudes around
personalization and
sharing of personal
information.
Determine which
consumers appreciate
personalized experiences
and which elements of
personalization are stronger
in driving results.
Identify types of
consumers who are
most open to
personalization and
determine how to
reach them more
effectively. 3
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
4 4
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
The appeal for personalization is high among
consumers. They not only want it, but expect it. And
our research found that personalization is profitable.
• Where we used to shy away from personalization,
consumers now expect brands to use big data.
• Top marketers are using data-driven approaches to create
buzz, experiment with new approaches and drive loyalty.
• Technology and data empower marketers more than ever,
but it’s hard to connect it all together to create truly
personalized experiences.
• We can now deliver content experiences that consumers
want, not just promotions or campaigns.
• But many brands haven’t yet solved for personalization.
Why personalization matters
Executive summary
& recommendations
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
6 6
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Executive summary
6
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
6
Appeal for personalization is high and has the
potential to positively impact businesses if offered in
the right way.
Websites/mobile apps are slightly better at
personalization than physical locations, likely due to
greater access to customer-level data.
Financial incentives (e.g., tailored discounts/offers)
have the greatest impact on most types of business.
Consumers appreciate personalized experiences, but
many still want control over this type of
communication.
Consumers are willing to share data that powers
experiences openly with brands they value and trust.
Personalization is not one size fits all; there’s a
spectrum of consumers who are open to sharing
personal information.
Well-executed personalization strategies have strong
ties to high purchase volumes. In fact, high-value
segments want more personalization.
Look to industries already doing personalization well
— like retail, travel and media — to determine best
practices for your business.
7 7
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.Copyright©Epsilon2017EpsilonDataManagement,LLC.Allrightsreserved.
Recommendations
• Use the power of data consumers share with you wisely,
creating valuable personalized experiences in return.
• Create a sense of security and trust with consumers by
providing transparency around data use practices and
communicating what choices consumers have when it
comes to how their information is being used.
• Flip the order in which you think about your technology.
First think about the customer experience you want, then
what tech/systems needed to create that experience.
• Personalization provides consumers value by saving
them money, making things more convenient and
providing exceptional service.
• Take advantage of all the data sources available to you. Data
fuels personalization and personalization is clearly valued by
consumers.
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
8
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
The findings
9
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
What consumers think
about personalized
experiences
10 10
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
of consumers are more
likely to do business with
a company that offers
personalized experiences
80%
Overall, affinity towards personalization is strong.
Base: Total (n=1,000)
Q3. In general, how appealing is a personalized experience if a company offered this to you?
Base: Total answering (n=897; 37*) *indicates small sample size <50
Q5. If a company offered a personalized experience, how would that impact your likelihood to do business with them?
90%
7%
4%
Very/somewhat appealing Neither appealing nor unappealing Not very/not at all appealing
The appeal of personalization
10
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
11 11
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
And companies are continually improving their ability to personalize.
Base: Total (n=1,000)
Q8. In the past year, do you believe companies have gotten better, stayed the same, or gotten worse at providing personalized experiences?
Progress of
companies offering
personalized
experiences over
past year
66%
27%
7%
Much/somewhat better
Stayed the same
Much/somewhat worse
11
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
12 12
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Base: Total (n=1,000)
Q1. For this survey, we will be focusing on the topic of personalized experiences that a company might offer to their customers. Thinking about these personalized experiences, what does this mean to you? Please be as specific as possible.
“It means that the
company will know what
you want, your likes and
dislikes and make sure
you have what
you want.”
“They offer personalized
offers, products and
coupons that meet your
needs and are items you
typically buy.”
“…dedicated shopping
assistant, order puller-
have the order ready.
Curb service, disabled
entry doors.”
“It means noticing how I
shop/surf the internet
and customizing
advertising and
shopping options to my
preferences.”
“It means it's
something suited to
me exactly so that I'm
more likely to be
interested in what
they’re selling.”
How consumers interpret personalization:
But, personalization means something different to everyone.
32%
32%
16%
8%
7%
Customization Service Discounts/
offers
Specific
products/
services
Convenience
12
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
13 13
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Ways that companies are currently doing well at personalization:
29% Discounts/offers
27% Recommendations
21%
Convenience
15%
Service
15%
Mobile app/website
Websites/mobile apps
41%
12%
Recommendations
13%
Convenience
31%
Physical locations
Financial institutions are
winning at service and
mobile apps/websites.
Groceries and drug
stores, and travel and
leisure companies are
discount powerhouses.
Dept./mass merchandise, grocery/drug store
and travel and leisure perform well in
discounts/offers.
Online retailers and media/entertainment are
doing especially well in providing
recommendations.
Discounts/offers
Service
13
Base: Website/Mobiles Apps (n=503), Physical Locations (n=422)
Q11. You mentioned that [PIPE IN FROM Q10; REFER TO SPREADSHEET FOR WORDING] are currently doing well when it comes to personalized experiences. What are some ways that they are doing this well? Please list
examples and be as specific as possible.
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
14 14
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
14
Top companies providing
personalized experiences
Top personalized experiences mentioned
(open-ended mentions)
Customized recommendations and discounts are most memorable.
Stores like Amazon excel in personalization likely because of their ability to use real-time browsing and
buying history to recommend products to customers.
Recommendations based on
preferences/purchases
Convenience of saved
information like
habits/preferences
Nothing
19%
5%
Base: Total (n=1,000)
Q2a/b. Thinking about the description you just read, what are some ways that you’ve experienced personalized experiences from a company that resulted in benefiting you in some way, such as making your experience doing
business with them more convenient, easier, faster, or helping you save money? As a reminder, please think about all the ways that you might interact with a company, including visiting a physical location, browsing a website,
receiving direct mail, on a mobile app, etc. Please be as specific as possible. (Showing above 1% mentions)
22%
Coupons/discounts,
rewards programs,
saves $
31%
Helpful and
personable customer
service
20%
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
15 15
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
15
Most consumers appreciate personalization when benefits/incentives
are tailored to them.
25% 75%
32% 68%
32% 68%
36% 64%
36% 64%
43% 57%
Getting personalized offers is creepy to me.
Getting a personalized experience from a company I’m doing
business with is not worth giving up my personal information.
Companies generally are unable to recognize me across the
various ways that I interact with them (e.g. across each of my
devices, in-store, online, etc.).
Most companies don’t do a good job using my personal
information to create a personalized experience for me.
Despite collecting my personal information, companies don’t
seem to be getting better at using it to create a personalized
experience for me.
I do not trust that companies will use my personal
information in the most secure way possible.
I think it is very cool when I get personalized offers.
It is worth giving my personal information to a company in
exchange for offers, product recommendations, discounts, etc.
that are personalized for me.
I have noticed that companies have been able to recognize me
across the various ways that I interact with them to provide a
personalized experience.
Most companies do a good job creating a custom-tailored
experience for me based on having my personal information.
I have noticed that companies are getting better at using my personal
information to deliver a better, personalized experience for me.
I am confident that the companies I give my personal
information to will use it in the most secure way possible.
Base: Total (n=1,000)
Q24. Please read the two statements below and select the response that you agree with more.
% agree more with positive statement% agree more with negative statement
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
16
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
How various
industries stack up
in personalization
17 17
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Key findings by industry
17
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Aim to offer tailored experiences that fit the needs of
consumers within your specific industry, following the lead
of companies that are already stars in the space.
• You should also cater to the communication preferences of
the consumer (e.g., weekly/monthly emails).
Within websites/mobile apps, online retailers are
nailing personalization, while the financial and auto
industries have the most room for improvement.
• This is especially true for the auto industry where there
is currently no leader in this space.
Grocery/drug stores perform the best in
personalization for physical locations, while media &
entertainment and auto companies have the most
opportunity for growth.
18 18
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
86%
69%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 53%
§ App on your phone or
other mobile device 49%
§ Company website 46%
How often would they like
to receive them?
Weekly 69%
Providing offers or coupons
based on past purchases or
preferences you’ve set
Providing offers or coupons
based on your physical
location
Sending you customized
communications
50%
30%
24%
Department or mass merchandiser (website/mobile app)
19 19
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
78%
63%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 64%
§ Company Website 38%
§ App on your phone or
other mobile device 35%
How often would they like
to receive them?
Weekly 51%
Providing offers or coupons
based on past purchases or
preferences you've set
Sending you customized
communications based on
past purchases or
preferences you've set
Providing offers or coupons
based on your physical
location
47%
39%
33%
Department or mass merchandiser (physical location)
20 20
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
89%
59%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 55%
§ Company website 52%
§ App on your phone or
other mobile device 39%
How often would they like
to receive them?
Weekly 45%
Website opens to the
page you prefer
Storing your financial
activity history for you to
reference later
Storing your billing
information / preferences
29%
29%
23%
Financial institution (website/mobile app)
21 21
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
77%
61%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 61%
§ Text message 41%
§ App on your phone or
other mobile device 40%
How often would they like
to receive them?
Weekly 44%
Reminding you of
outstanding financial
transactions that need to be
completed
Allowing you to set up
recurring financial
transaction
Recommendations of
financial products
appropriate for your
financial situation
43%
43%
32%
Financial institution (physical location)
22 22
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
90%
71%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 70%
§ App on your phone or
other mobile device 46%
§ Text message 42%
How often would they like
to receive them?
Weekly 62%
Providing offers or coupons
based on your physical
location
Providing offers or coupons
based on past purchases or
preferences you've set
Sending you customized
communications
29%
29%
25%
Grocery or drug store (website/mobile app)
23 23
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
75%
69%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 63%
§ App on your phone or
other mobile device 32%
§ Direct mail 29%
How often would they like
to receive them?
Weekly 67%
Providing offers or coupons
based on past purchases or
preferences you've set
Receive notifications when
your prescriptions are ready
for pickup
Receive notifications for
prescription refills
40%
38%
36%
Grocery or drug store (physical location)
24 24
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
87%
64%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 81%
§ Company website 48%
§ Text message 45%
How often would they like
to receive them?
Weekly 44%
Providing offers or coupons
based on your physical
location
Home page automatically
shows best fares / hotel
deals in your frequently
travelled cities
Providing offers or coupons
based on past trips or
preferences you've set
35%
32%
28%
Travel and leisure (website/mobile app)
25 25
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
94%
59%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 76%
§ Company website 55%
§ Direct mail 30%
How often would they like
to receive them?
Monthly 45%
Providing offers or coupons
based on past trips or
preferences you've set
Providing offers or coupons
based on your physical
location
Pictures / vacation ideas
provided based on your
past travel habits
52%
44%
25%
Travel and leisure (physical location)
26 26
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
76%
70%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 65%
§ App on your phone or
other mobile device 46%
§ Company website 43%
How often would they like
to receive them?
Weekly 45%
Keeps track of your viewing
history for your reference
and to make it easier to
view new content
Recommendations of other
shows you might like based
on viewing habits
Reminders of when to
watch specific events /
shows based on viewing
habits
50%
36%
29%
Media or entertainment (website/mobile app)
27 27
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
97%
55%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 73%
§ App on your phone or
other mobile device 55%
§ Text message 48%
How often would they like
to receive them?
Weekly 49%
Provide offers or coupons
based on your past
activities
Provide offers or coupons
based on your physical
location
Providing recommendations
for future events based on
those you've previously
attended
77%
65%
29%
Media or entertainment (physical location)
28 28
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
86%
55%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 68%
§ Company website 52%
§ Direct mail 43%
How often would they like
to receive them?
Monthly 46%
Storing your purchase or
maintenance history for you
to reference later
Reminders of upcoming
scheduled service needs
Allowing you to set up
recurring maintenance for
your vehicle
49%
44%
38%
No current all-stars…
opportunity to lead category
Automobile company or dealer (website/mobile app)
29 29
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
79%
51%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 68%
§ Company website 48%
§ Text message 29%
How often would they like
to receive them?
Monthly 44%
Providing offers or coupons
based on past purchases or
preferences you've set
Allowing you to set up
recurring maintenance for
your vehicle
Storing your purchase or
maintenance history to your
account for you to reference
later
52%
42%
36%
No current all-stars…
opportunity to lead category
Automotive company or dealer (physical location)
30 30
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
87%
66%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 62%
§ App on your phone or
other mobile device 57%
§ Company website 41%
How often would they like
to receive them?
Weekly 57%
Providing offers or coupons
based on past purchases or
preferences you've set
Providing offers or coupons
based on your physical
location
Sending you customized
communications based on
past purchases or
preferences you’ve set
48%
42%
20%
Restaurant or food ordering service (website/mobile app)
31 31
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
91%
63%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 79%
§ Text message 48%
§ App on your phone or
other mobile device 40%
How often would they like
to receive them?
Weekly 55%
Providing offers or coupons
based on past orders
preferences you've set
Providing offers or coupons
based on your physical
location
Sending you customized
communications based on
past purchases or
preferences you've set
68%
60%
37%
Restaurant or food ordering service (physical location)
32 32
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Of consumers would be
MORE LIKELY TO DO
BUSINESS with them if they
offered PERSONALIZED
EXPERIENCES
82%
81%
Of consumers think that
the industry is nailing
PERSONALIZED
EXPERIENCES
How would consumers prefer
to receive personalized
experiences?
§ Email 72%
§ Company website 44%
§ App on your phone or
other mobile device 39%
How often would they like
to receive them?
Weekly 50%
Providing offers or coupons
based on past purchases or
preferences you’ve set
Providing offers or coupons
based on your physical
location
Sending you customized
communications based on
past purchases or
preferences you’ve set
42%
32%
23%
Online retailer (website/mobile app)
33 33
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
33
Industry Performance vs. Personalization Impact Website/Mobile App
Dept./mass
merchandise store
Restaurant/food
ordering service
Online
retailer
Financial
institution
Media/
entertainment
Travel &
leisure
Grocery/
drug store
Automotive
Websites/mobile apps from all industries can benefit from personalization.
Online retailers are leading the charge, while financial institutions and automotive dealers can improve.
Likelihood to do business with companies offering personalized experiences:
(Much/somewhat more likely)
How well companies’ websites/mobile apps are delivering personalized experiences:
(Very/somewhat well)
Dept./mass
merchandise store
Restaurant/food
ordering service
Online
retailer
Financial
institution
Media/
entertainment
Travel &
leisure
Grocery/
drug store
Automotive
Base: Total (n=1,000)
Q10. How well do you believe that the following types of businesses currently do when it comes to offering personalized experiences?
Q16. How would the company offering you some or all of these personalization options impact your likelihood to do business with that specific CATEGORY?
90% 89% 87% 87% 86% 86% 82% 76%
71% 59% 64% 66% 69% 55% 81% 70%
34 34
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
34
Industry Performance vs. Personalization Impact Website/Mobile App
Likelihood to do business with companies offering personalized experiences:
(Much/somewhat more likely)
How well companies’ physical locations are delivering personalized experiences:
(Very/somewhat well)
Base: Total (n=1,000)
Q10. How well do you believe that the following types of businesses currently do when it comes to offering personalized experiences?
Q16. How would the company offering you some or all of these personalization options impact your likelihood to do business with that specific CATEGORY?
97% 94% 91% 78% 77% 75% 59%
55% 59% 63% 63% 61% 69% 51%
Dept./mass
merchandise store
Restaurant/food
ordering service
Financial
institution
Media/
entertainment
Travel &
leisure
Grocery/
drug store
Automotive
Dept./mass
merchandise store
Restaurant/food
ordering service
Financial
institution
Media/
entertainment
Travel &
leisure
Grocery/
drug store
Automotive
Physical locations are falling short — particularly entertainment
companies and automotive dealers.
35
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
How to identify
consumers who are
receptive to
personalization
36 36
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Key findings
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
To encourage continued loyalty from high-value
consumers, offer impactful and relevant personalized
experiences.
Continue to expand and advance personalized experiences
to encourage frequent shopping.
Personalization is profitable. ‘Super’ customers want and
expect to receive personalized experiences.
Those who believe companies are doing well on offering
personalized experiences shop more frequently.
Maintain and build trust with 'super' consumers by
reinforcing that their information is being used securely
to create personalized experiences.
37 37
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
37
Appreciating personalized experiences does not necessarily translate
to more purchases.
Companies that are
among the top tier in
personalization did not
show greater spend
than those who perform
moderately.
Q3. In general, how appealing is a personalized experience if a company offered this to you?
Not very appealingNeither appealing
nor unappealing
Not appealing
at all
Very appealing Somewhat
appealing
Average # of purchases
8.4 9.1 10.1 8.2 10.2
38 38
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Additionally, those who believe companies are doing “very well” on offering
personalized experiences shop more than
more frequently than those who feel companies
are doing “very poor.”3x
But all “super” customers want and expect personalized experiences.
Consumers who believe personalized experiences are “very appealing” are
more likely to be a brand’s most valuable customer – those that
are expected to make more than fifteen transactions in one year.10x
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
39 39
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
39
Additionally, those with a positive outlook about businesses offering
personalized experiences shop more frequently.
Q7: Thinking of all the companies and websites you shop at or do business with, how well do you believe companies are doing with providing personalized experiences currently?
Somewhat poorNeutral Very poorVery well Somewhat
well
Average # of days between purchases
156 210 284 384 518
40
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Methodology
40
41 41
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
Survey outline
Screening to
ensure census
representation
General
attitudes toward
personalized
experiences
Industry-specific
attitudes of
personalized
experiences
Key motivators
and barriers for
providing
personal
information
Other
classification
questions
41
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
An online survey was conducted in April 2017
Following completion of the initial analysis, we dove deeper to determine the relationship between
personalization and actual purchasing behavior using Epsilon transactional data.
Ages 18-64 Not employed in marketing, advertising, public
relations or market research industries
A total of 1,000 responses were collected for the survey meeting the following criteria:
Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
42
Consumers demand control over how their information is used, expect highly customized
experiences and look for more than just a quick discount.
But it’s not always that easy. Personalization requires:
- tying a consumer's online and offline data together
- actionable consumer data to deliver real-time, custom messages
- learning and optimizing your marketing campaigns
- reporting on how your marketing efforts are effecting the bottom line
Are you meeting their expectations? Contact us to understand the effectiveness of
your current digital experience strategy and how to take it to the next level with
Epsilon and Conversant.
Next steps
The power of me: The impact of personalization on marketing performance

More Related Content

What's hot

B2B Sales & Marketing Strategy for Tech Companies -- by Jonathan Donado
B2B Sales & Marketing Strategy for Tech Companies  --   by Jonathan DonadoB2B Sales & Marketing Strategy for Tech Companies  --   by Jonathan Donado
B2B Sales & Marketing Strategy for Tech Companies -- by Jonathan DonadoJonathan Donado
 
The Pitch Process: Turning client briefs into great ideas, then selling them
The Pitch Process: Turning client briefs into great ideas, then selling themThe Pitch Process: Turning client briefs into great ideas, then selling them
The Pitch Process: Turning client briefs into great ideas, then selling themBeyond
 
Segmentation Targeting And Positioning PowerPoint Presentation Slides
Segmentation Targeting And Positioning PowerPoint Presentation Slides Segmentation Targeting And Positioning PowerPoint Presentation Slides
Segmentation Targeting And Positioning PowerPoint Presentation Slides SlideTeam
 
Helping brands to foster deeper customer relationships
Helping brands to foster deeper customer relationships Helping brands to foster deeper customer relationships
Helping brands to foster deeper customer relationships mParticle
 
Deloitte Case Competition 2013
Deloitte Case Competition 2013Deloitte Case Competition 2013
Deloitte Case Competition 2013ryanamenges
 
Adobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and MarketersAdobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and MarketersAdobe
 
10 omnichannel strategy essentials for 2021
10 omnichannel strategy essentials for 202110 omnichannel strategy essentials for 2021
10 omnichannel strategy essentials for 2021Smart Insights
 
Marketing communication strategy
Marketing communication strategyMarketing communication strategy
Marketing communication strategyYodhia Antariksa
 
Segmentation in B-to-B Markets: The Role of Data
Segmentation in B-to-B Markets: The Role of DataSegmentation in B-to-B Markets: The Role of Data
Segmentation in B-to-B Markets: The Role of DataeMarketing Strategy
 
Digital Marketing Plan Template
Digital Marketing Plan TemplateDigital Marketing Plan Template
Digital Marketing Plan TemplateC.Y Wong
 
Martin Weigel- How to (not) FAIL
Martin Weigel- How to (not) FAILMartin Weigel- How to (not) FAIL
Martin Weigel- How to (not) FAILIvan Chernopyatko
 
Brand positioning
Brand positioning Brand positioning
Brand positioning Er Gupta
 
The Future of Personalization with Accenture
The Future of Personalization with AccentureThe Future of Personalization with Accenture
The Future of Personalization with AccentureOptimizely
 
Numbers every marketer should know
Numbers every marketer should knowNumbers every marketer should know
Numbers every marketer should knowluciantrestler
 
Product Analytics Playbook
Product Analytics PlaybookProduct Analytics Playbook
Product Analytics Playbookssuserd5e338
 
The Customer Data Platform, the Future of the Marketing Database
The Customer Data Platform, the Future of the Marketing DatabaseThe Customer Data Platform, the Future of the Marketing Database
The Customer Data Platform, the Future of the Marketing DatabaseRedEye
 

What's hot (20)

Nsf lecture 2 value prop
Nsf lecture 2 value propNsf lecture 2 value prop
Nsf lecture 2 value prop
 
B2B Sales & Marketing Strategy for Tech Companies -- by Jonathan Donado
B2B Sales & Marketing Strategy for Tech Companies  --   by Jonathan DonadoB2B Sales & Marketing Strategy for Tech Companies  --   by Jonathan Donado
B2B Sales & Marketing Strategy for Tech Companies -- by Jonathan Donado
 
The Pitch Process: Turning client briefs into great ideas, then selling them
The Pitch Process: Turning client briefs into great ideas, then selling themThe Pitch Process: Turning client briefs into great ideas, then selling them
The Pitch Process: Turning client briefs into great ideas, then selling them
 
Segmentation Targeting And Positioning PowerPoint Presentation Slides
Segmentation Targeting And Positioning PowerPoint Presentation Slides Segmentation Targeting And Positioning PowerPoint Presentation Slides
Segmentation Targeting And Positioning PowerPoint Presentation Slides
 
Helping brands to foster deeper customer relationships
Helping brands to foster deeper customer relationships Helping brands to foster deeper customer relationships
Helping brands to foster deeper customer relationships
 
Deloitte Case Competition 2013
Deloitte Case Competition 2013Deloitte Case Competition 2013
Deloitte Case Competition 2013
 
Adobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and MarketersAdobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and Marketers
 
Market mix modelling
Market mix modellingMarket mix modelling
Market mix modelling
 
Customer Segmentation
Customer SegmentationCustomer Segmentation
Customer Segmentation
 
10 omnichannel strategy essentials for 2021
10 omnichannel strategy essentials for 202110 omnichannel strategy essentials for 2021
10 omnichannel strategy essentials for 2021
 
Marketing communication strategy
Marketing communication strategyMarketing communication strategy
Marketing communication strategy
 
Segmentation in B-to-B Markets: The Role of Data
Segmentation in B-to-B Markets: The Role of DataSegmentation in B-to-B Markets: The Role of Data
Segmentation in B-to-B Markets: The Role of Data
 
Brand Positioning Workshop
Brand Positioning WorkshopBrand Positioning Workshop
Brand Positioning Workshop
 
Digital Marketing Plan Template
Digital Marketing Plan TemplateDigital Marketing Plan Template
Digital Marketing Plan Template
 
Martin Weigel- How to (not) FAIL
Martin Weigel- How to (not) FAILMartin Weigel- How to (not) FAIL
Martin Weigel- How to (not) FAIL
 
Brand positioning
Brand positioning Brand positioning
Brand positioning
 
The Future of Personalization with Accenture
The Future of Personalization with AccentureThe Future of Personalization with Accenture
The Future of Personalization with Accenture
 
Numbers every marketer should know
Numbers every marketer should knowNumbers every marketer should know
Numbers every marketer should know
 
Product Analytics Playbook
Product Analytics PlaybookProduct Analytics Playbook
Product Analytics Playbook
 
The Customer Data Platform, the Future of the Marketing Database
The Customer Data Platform, the Future of the Marketing DatabaseThe Customer Data Platform, the Future of the Marketing Database
The Customer Data Platform, the Future of the Marketing Database
 

Similar to The power of me: The impact of personalization on marketing performance

ikano_whitepaper_personalisation
ikano_whitepaper_personalisationikano_whitepaper_personalisation
ikano_whitepaper_personalisationBarry Smith
 
Subject Matter Experts Blue Paper
Subject Matter Experts Blue PaperSubject Matter Experts Blue Paper
Subject Matter Experts Blue Paper4imprint
 
Dissecting the Art of Building Great Customer Experiences (1).pdf
Dissecting the Art of Building Great Customer Experiences (1).pdfDissecting the Art of Building Great Customer Experiences (1).pdf
Dissecting the Art of Building Great Customer Experiences (1).pdfMeenuRandhawa2
 
From 1 to 1 to 1 to you loyalty
From 1 to 1 to 1 to you loyaltyFrom 1 to 1 to 1 to you loyalty
From 1 to 1 to 1 to you loyaltyEpsilon EMEA
 
White paper - Customer Experience Transformation
White paper - Customer Experience TransformationWhite paper - Customer Experience Transformation
White paper - Customer Experience TransformationPablo Junco
 
Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Jaiveer Singh
 
Improving ROI with Marketing Optimization via SAS
Improving ROI with Marketing Optimization via SASImproving ROI with Marketing Optimization via SAS
Improving ROI with Marketing Optimization via SASFlutterbyBarb
 
Cashing in on customer insight
Cashing in on customer insightCashing in on customer insight
Cashing in on customer insightKeith Braswell
 
MKT 575 Exceptional Education - snaptutorial.com
MKT 575   Exceptional Education - snaptutorial.comMKT 575   Exceptional Education - snaptutorial.com
MKT 575 Exceptional Education - snaptutorial.comDavisMurphyB15
 
Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...
Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...
Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...RocketSource
 
ikano_whitepaper_ceo
ikano_whitepaper_ceoikano_whitepaper_ceo
ikano_whitepaper_ceoBarry Smith
 
Customer Value Management Principles
Customer Value Management PrinciplesCustomer Value Management Principles
Customer Value Management PrinciplesPegasystems
 
Afinium.com: Big Data Big Sales white paper 2014
Afinium.com: Big Data Big Sales white paper 2014 Afinium.com: Big Data Big Sales white paper 2014
Afinium.com: Big Data Big Sales white paper 2014 Afinium
 
Afinium.com Big Data Big Sales White Paper 2014
Afinium.com Big Data Big Sales White Paper 2014 Afinium.com Big Data Big Sales White Paper 2014
Afinium.com Big Data Big Sales White Paper 2014 Afinium
 
Acquire Grow & Retain customers - The business imperative for Big Data
Acquire Grow & Retain customers - The business imperative for Big DataAcquire Grow & Retain customers - The business imperative for Big Data
Acquire Grow & Retain customers - The business imperative for Big DataIBM Software India
 
Satisfied Employees; Happy Customers and other articles
Satisfied Employees; Happy Customers and other articlesSatisfied Employees; Happy Customers and other articles
Satisfied Employees; Happy Customers and other articlesXPotential
 

Similar to The power of me: The impact of personalization on marketing performance (20)

ikano_whitepaper_personalisation
ikano_whitepaper_personalisationikano_whitepaper_personalisation
ikano_whitepaper_personalisation
 
Subject Matter Experts Blue Paper
Subject Matter Experts Blue PaperSubject Matter Experts Blue Paper
Subject Matter Experts Blue Paper
 
Dissecting the Art of Building Great Customer Experiences (1).pdf
Dissecting the Art of Building Great Customer Experiences (1).pdfDissecting the Art of Building Great Customer Experiences (1).pdf
Dissecting the Art of Building Great Customer Experiences (1).pdf
 
From 1 to 1 to 1 to you loyalty
From 1 to 1 to 1 to you loyaltyFrom 1 to 1 to 1 to you loyalty
From 1 to 1 to 1 to you loyalty
 
White paper - Customer Experience Transformation
White paper - Customer Experience TransformationWhite paper - Customer Experience Transformation
White paper - Customer Experience Transformation
 
Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience
 
Improving ROI with Marketing Optimization via SAS
Improving ROI with Marketing Optimization via SASImproving ROI with Marketing Optimization via SAS
Improving ROI with Marketing Optimization via SAS
 
Cashing in on customer insight
Cashing in on customer insightCashing in on customer insight
Cashing in on customer insight
 
MKT 575 Exceptional Education - snaptutorial.com
MKT 575   Exceptional Education - snaptutorial.comMKT 575   Exceptional Education - snaptutorial.com
MKT 575 Exceptional Education - snaptutorial.com
 
Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...
Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...
Leveraging the StoryVesting Framework to Achieve Breakthrough Business Transf...
 
ikano_whitepaper_ceo
ikano_whitepaper_ceoikano_whitepaper_ceo
ikano_whitepaper_ceo
 
Customer Value Management Principles
Customer Value Management PrinciplesCustomer Value Management Principles
Customer Value Management Principles
 
Afinium.com: Big Data Big Sales white paper 2014
Afinium.com: Big Data Big Sales white paper 2014 Afinium.com: Big Data Big Sales white paper 2014
Afinium.com: Big Data Big Sales white paper 2014
 
Afinium.com Big Data Big Sales White Paper 2014
Afinium.com Big Data Big Sales White Paper 2014 Afinium.com Big Data Big Sales White Paper 2014
Afinium.com Big Data Big Sales White Paper 2014
 
Crm project
Crm projectCrm project
Crm project
 
Brandable newsletter for printers and mailers
Brandable newsletter for printers and mailersBrandable newsletter for printers and mailers
Brandable newsletter for printers and mailers
 
Acquire Grow & Retain customers - The business imperative for Big Data
Acquire Grow & Retain customers - The business imperative for Big DataAcquire Grow & Retain customers - The business imperative for Big Data
Acquire Grow & Retain customers - The business imperative for Big Data
 
CRM.pdf
CRM.pdfCRM.pdf
CRM.pdf
 
Insurance As A Living Business
Insurance As A Living BusinessInsurance As A Living Business
Insurance As A Living Business
 
Satisfied Employees; Happy Customers and other articles
Satisfied Employees; Happy Customers and other articlesSatisfied Employees; Happy Customers and other articles
Satisfied Employees; Happy Customers and other articles
 

More from Epsilon Marketing

Understanding the Variable Pandemic Consumer: Epsilon Research
Understanding the Variable Pandemic Consumer: Epsilon ResearchUnderstanding the Variable Pandemic Consumer: Epsilon Research
Understanding the Variable Pandemic Consumer: Epsilon ResearchEpsilon Marketing
 
Customer Experience and Loyalty
Customer Experience and LoyaltyCustomer Experience and Loyalty
Customer Experience and LoyaltyEpsilon Marketing
 
The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...
The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...
The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...Epsilon Marketing
 
Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...Epsilon Marketing
 
The Blended Customer Experience
The Blended Customer ExperienceThe Blended Customer Experience
The Blended Customer ExperienceEpsilon Marketing
 
25 quotes to help you ignite customer connections
25 quotes to help you ignite customer connections 25 quotes to help you ignite customer connections
25 quotes to help you ignite customer connections Epsilon Marketing
 

More from Epsilon Marketing (7)

Understanding the Variable Pandemic Consumer: Epsilon Research
Understanding the Variable Pandemic Consumer: Epsilon ResearchUnderstanding the Variable Pandemic Consumer: Epsilon Research
Understanding the Variable Pandemic Consumer: Epsilon Research
 
Customer Experience and Loyalty
Customer Experience and LoyaltyCustomer Experience and Loyalty
Customer Experience and Loyalty
 
The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...
The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...
The successful analytics organization - Epsilon and Transamerica, LIMRA Data ...
 
It's Not You, It's Me.
It's Not You, It's Me. It's Not You, It's Me.
It's Not You, It's Me.
 
Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...Why true digital transformation must take place across the entire banking ent...
Why true digital transformation must take place across the entire banking ent...
 
The Blended Customer Experience
The Blended Customer ExperienceThe Blended Customer Experience
The Blended Customer Experience
 
25 quotes to help you ignite customer connections
25 quotes to help you ignite customer connections 25 quotes to help you ignite customer connections
25 quotes to help you ignite customer connections
 

Recently uploaded

Krisantec Digital Marketing Services.pdf
Krisantec Digital Marketing Services.pdfKrisantec Digital Marketing Services.pdf
Krisantec Digital Marketing Services.pdfkrisantecsolutions
 
2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisitionJohn Koetsier
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...VereigenMedia1
 
The Ultimate Guide to Financial Advertising Strategies.pdf
The Ultimate Guide to Financial Advertising Strategies.pdfThe Ultimate Guide to Financial Advertising Strategies.pdf
The Ultimate Guide to Financial Advertising Strategies.pdfFinance Advertising Network
 
Gen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfGen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfMedia Logic
 
Professional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxProfessional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxSahil Srivastava
 
The Fall of Social Media Marketing :- Global brand magazine
The Fall of Social Media Marketing :- Global brand magazineThe Fall of Social Media Marketing :- Global brand magazine
The Fall of Social Media Marketing :- Global brand magazineglobalbrandmagazines1
 
Llanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation StrategyLlanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation StrategyMarianna Nakou
 
TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23Social Samosa
 
Catálogo Sea To Summit 2024 gama compelta
Catálogo Sea To Summit 2024 gama compeltaCatálogo Sea To Summit 2024 gama compelta
Catálogo Sea To Summit 2024 gama compeltaEsteller
 
Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...
Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...
Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...Valters Lauzums
 
Lesotho-Botswana Water Project Brand Manual developed with new logo
Lesotho-Botswana Water Project Brand Manual developed with  new logoLesotho-Botswana Water Project Brand Manual developed with  new logo
Lesotho-Botswana Water Project Brand Manual developed with new logonelaohaimbodi
 
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational Gazzett
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational GazzettBLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational Gazzett
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational GazzettBalmerLawrie
 
Catálogo HYD 2024 gama completa Hydrapak
Catálogo HYD 2024 gama completa HydrapakCatálogo HYD 2024 gama completa Hydrapak
Catálogo HYD 2024 gama completa HydrapakEsteller
 
v100 20-Year HyperMarketing Plan by Jerome Cuyos.pptx
v100 20-Year HyperMarketing Plan by Jerome Cuyos.pptxv100 20-Year HyperMarketing Plan by Jerome Cuyos.pptx
v100 20-Year HyperMarketing Plan by Jerome Cuyos.pptxjeromecuyos1
 
leveraging digital excellence with digital upward.pptx
leveraging digital excellence with digital upward.pptxleveraging digital excellence with digital upward.pptx
leveraging digital excellence with digital upward.pptxDigital Upward
 
20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialists20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialistsmlicam615
 
Welcome to the Future: New Digital Marketing Trends Shaking Up 2024
Welcome to the Future: New Digital Marketing Trends Shaking Up 2024Welcome to the Future: New Digital Marketing Trends Shaking Up 2024
Welcome to the Future: New Digital Marketing Trends Shaking Up 2024rabboniseo
 
AMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo EvangelistaAMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo Evangelistacrevangelista
 
TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...
TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...
TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...Social Samosa
 

Recently uploaded (20)

Krisantec Digital Marketing Services.pdf
Krisantec Digital Marketing Services.pdfKrisantec Digital Marketing Services.pdf
Krisantec Digital Marketing Services.pdf
 
2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...
 
The Ultimate Guide to Financial Advertising Strategies.pdf
The Ultimate Guide to Financial Advertising Strategies.pdfThe Ultimate Guide to Financial Advertising Strategies.pdf
The Ultimate Guide to Financial Advertising Strategies.pdf
 
Gen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfGen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdf
 
Professional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxProfessional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptx
 
The Fall of Social Media Marketing :- Global brand magazine
The Fall of Social Media Marketing :- Global brand magazineThe Fall of Social Media Marketing :- Global brand magazine
The Fall of Social Media Marketing :- Global brand magazine
 
Llanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation StrategyLlanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation Strategy
 
TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23TAM Sports IPL 17 Advertising Report- M01 - M23
TAM Sports IPL 17 Advertising Report- M01 - M23
 
Catálogo Sea To Summit 2024 gama compelta
Catálogo Sea To Summit 2024 gama compeltaCatálogo Sea To Summit 2024 gama compelta
Catálogo Sea To Summit 2024 gama compelta
 
Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...
Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...
Social Media Content Lecture for Advanced Digital & Social Media Strategy at ...
 
Lesotho-Botswana Water Project Brand Manual developed with new logo
Lesotho-Botswana Water Project Brand Manual developed with  new logoLesotho-Botswana Water Project Brand Manual developed with  new logo
Lesotho-Botswana Water Project Brand Manual developed with new logo
 
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational Gazzett
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational GazzettBLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational Gazzett
BLOG ISSUE 45_January 2024 - Balmer Lawrie Organisational Gazzett
 
Catálogo HYD 2024 gama completa Hydrapak
Catálogo HYD 2024 gama completa HydrapakCatálogo HYD 2024 gama completa Hydrapak
Catálogo HYD 2024 gama completa Hydrapak
 
v100 20-Year HyperMarketing Plan by Jerome Cuyos.pptx
v100 20-Year HyperMarketing Plan by Jerome Cuyos.pptxv100 20-Year HyperMarketing Plan by Jerome Cuyos.pptx
v100 20-Year HyperMarketing Plan by Jerome Cuyos.pptx
 
leveraging digital excellence with digital upward.pptx
leveraging digital excellence with digital upward.pptxleveraging digital excellence with digital upward.pptx
leveraging digital excellence with digital upward.pptx
 
20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialists20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialists
 
Welcome to the Future: New Digital Marketing Trends Shaking Up 2024
Welcome to the Future: New Digital Marketing Trends Shaking Up 2024Welcome to the Future: New Digital Marketing Trends Shaking Up 2024
Welcome to the Future: New Digital Marketing Trends Shaking Up 2024
 
AMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo EvangelistaAMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo Evangelista
 
TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...
TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...
TAM Sports-IPL 17 Advertising Report- M01 - M15.xlsx - IPL 17 FCT (Commercial...
 

The power of me: The impact of personalization on marketing performance

  • 1. Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. The power of me: The impact of personalization on marketing performance
  • 2. 2 2 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Table of contents Research objectives 3 Executive summary & recommendations 5 The findings • What consumers think about personalized experiences 9 • How various industries stack up in personalization 16 • How to identify consumers who are receptive to personalization 35 Methodology 40 2
  • 3. 3 3 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. We partnered with GBH Insights to survey real consumers to understand how personalization can enhance the relationship between brand and consumer. The results show how consumers feel about personalization, what experiences influence their behavior and what we can do to better connect with them to drive business results. Research objectives Goals: Understand consumers’ general behaviors and attitudes around personalization and sharing of personal information. Determine which consumers appreciate personalized experiences and which elements of personalization are stronger in driving results. Identify types of consumers who are most open to personalization and determine how to reach them more effectively. 3 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 4. 4 4 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. The appeal for personalization is high among consumers. They not only want it, but expect it. And our research found that personalization is profitable. • Where we used to shy away from personalization, consumers now expect brands to use big data. • Top marketers are using data-driven approaches to create buzz, experiment with new approaches and drive loyalty. • Technology and data empower marketers more than ever, but it’s hard to connect it all together to create truly personalized experiences. • We can now deliver content experiences that consumers want, not just promotions or campaigns. • But many brands haven’t yet solved for personalization. Why personalization matters
  • 6. 6 6 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Executive summary 6 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 6 Appeal for personalization is high and has the potential to positively impact businesses if offered in the right way. Websites/mobile apps are slightly better at personalization than physical locations, likely due to greater access to customer-level data. Financial incentives (e.g., tailored discounts/offers) have the greatest impact on most types of business. Consumers appreciate personalized experiences, but many still want control over this type of communication. Consumers are willing to share data that powers experiences openly with brands they value and trust. Personalization is not one size fits all; there’s a spectrum of consumers who are open to sharing personal information. Well-executed personalization strategies have strong ties to high purchase volumes. In fact, high-value segments want more personalization. Look to industries already doing personalization well — like retail, travel and media — to determine best practices for your business.
  • 7. 7 7 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.Copyright©Epsilon2017EpsilonDataManagement,LLC.Allrightsreserved. Recommendations • Use the power of data consumers share with you wisely, creating valuable personalized experiences in return. • Create a sense of security and trust with consumers by providing transparency around data use practices and communicating what choices consumers have when it comes to how their information is being used. • Flip the order in which you think about your technology. First think about the customer experience you want, then what tech/systems needed to create that experience. • Personalization provides consumers value by saving them money, making things more convenient and providing exceptional service. • Take advantage of all the data sources available to you. Data fuels personalization and personalization is clearly valued by consumers. Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 10. 10 10 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. of consumers are more likely to do business with a company that offers personalized experiences 80% Overall, affinity towards personalization is strong. Base: Total (n=1,000) Q3. In general, how appealing is a personalized experience if a company offered this to you? Base: Total answering (n=897; 37*) *indicates small sample size <50 Q5. If a company offered a personalized experience, how would that impact your likelihood to do business with them? 90% 7% 4% Very/somewhat appealing Neither appealing nor unappealing Not very/not at all appealing The appeal of personalization 10 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 11. 11 11 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. And companies are continually improving their ability to personalize. Base: Total (n=1,000) Q8. In the past year, do you believe companies have gotten better, stayed the same, or gotten worse at providing personalized experiences? Progress of companies offering personalized experiences over past year 66% 27% 7% Much/somewhat better Stayed the same Much/somewhat worse 11 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 12. 12 12 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Base: Total (n=1,000) Q1. For this survey, we will be focusing on the topic of personalized experiences that a company might offer to their customers. Thinking about these personalized experiences, what does this mean to you? Please be as specific as possible. “It means that the company will know what you want, your likes and dislikes and make sure you have what you want.” “They offer personalized offers, products and coupons that meet your needs and are items you typically buy.” “…dedicated shopping assistant, order puller- have the order ready. Curb service, disabled entry doors.” “It means noticing how I shop/surf the internet and customizing advertising and shopping options to my preferences.” “It means it's something suited to me exactly so that I'm more likely to be interested in what they’re selling.” How consumers interpret personalization: But, personalization means something different to everyone. 32% 32% 16% 8% 7% Customization Service Discounts/ offers Specific products/ services Convenience 12 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 13. 13 13 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Ways that companies are currently doing well at personalization: 29% Discounts/offers 27% Recommendations 21% Convenience 15% Service 15% Mobile app/website Websites/mobile apps 41% 12% Recommendations 13% Convenience 31% Physical locations Financial institutions are winning at service and mobile apps/websites. Groceries and drug stores, and travel and leisure companies are discount powerhouses. Dept./mass merchandise, grocery/drug store and travel and leisure perform well in discounts/offers. Online retailers and media/entertainment are doing especially well in providing recommendations. Discounts/offers Service 13 Base: Website/Mobiles Apps (n=503), Physical Locations (n=422) Q11. You mentioned that [PIPE IN FROM Q10; REFER TO SPREADSHEET FOR WORDING] are currently doing well when it comes to personalized experiences. What are some ways that they are doing this well? Please list examples and be as specific as possible. Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 14. 14 14 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 14 Top companies providing personalized experiences Top personalized experiences mentioned (open-ended mentions) Customized recommendations and discounts are most memorable. Stores like Amazon excel in personalization likely because of their ability to use real-time browsing and buying history to recommend products to customers. Recommendations based on preferences/purchases Convenience of saved information like habits/preferences Nothing 19% 5% Base: Total (n=1,000) Q2a/b. Thinking about the description you just read, what are some ways that you’ve experienced personalized experiences from a company that resulted in benefiting you in some way, such as making your experience doing business with them more convenient, easier, faster, or helping you save money? As a reminder, please think about all the ways that you might interact with a company, including visiting a physical location, browsing a website, receiving direct mail, on a mobile app, etc. Please be as specific as possible. (Showing above 1% mentions) 22% Coupons/discounts, rewards programs, saves $ 31% Helpful and personable customer service 20% Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 15. 15 15 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 15 Most consumers appreciate personalization when benefits/incentives are tailored to them. 25% 75% 32% 68% 32% 68% 36% 64% 36% 64% 43% 57% Getting personalized offers is creepy to me. Getting a personalized experience from a company I’m doing business with is not worth giving up my personal information. Companies generally are unable to recognize me across the various ways that I interact with them (e.g. across each of my devices, in-store, online, etc.). Most companies don’t do a good job using my personal information to create a personalized experience for me. Despite collecting my personal information, companies don’t seem to be getting better at using it to create a personalized experience for me. I do not trust that companies will use my personal information in the most secure way possible. I think it is very cool when I get personalized offers. It is worth giving my personal information to a company in exchange for offers, product recommendations, discounts, etc. that are personalized for me. I have noticed that companies have been able to recognize me across the various ways that I interact with them to provide a personalized experience. Most companies do a good job creating a custom-tailored experience for me based on having my personal information. I have noticed that companies are getting better at using my personal information to deliver a better, personalized experience for me. I am confident that the companies I give my personal information to will use it in the most secure way possible. Base: Total (n=1,000) Q24. Please read the two statements below and select the response that you agree with more. % agree more with positive statement% agree more with negative statement Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 17. 17 17 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Key findings by industry 17 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Aim to offer tailored experiences that fit the needs of consumers within your specific industry, following the lead of companies that are already stars in the space. • You should also cater to the communication preferences of the consumer (e.g., weekly/monthly emails). Within websites/mobile apps, online retailers are nailing personalization, while the financial and auto industries have the most room for improvement. • This is especially true for the auto industry where there is currently no leader in this space. Grocery/drug stores perform the best in personalization for physical locations, while media & entertainment and auto companies have the most opportunity for growth.
  • 18. 18 18 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 86% 69% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 53% § App on your phone or other mobile device 49% § Company website 46% How often would they like to receive them? Weekly 69% Providing offers or coupons based on past purchases or preferences you’ve set Providing offers or coupons based on your physical location Sending you customized communications 50% 30% 24% Department or mass merchandiser (website/mobile app)
  • 19. 19 19 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 78% 63% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 64% § Company Website 38% § App on your phone or other mobile device 35% How often would they like to receive them? Weekly 51% Providing offers or coupons based on past purchases or preferences you've set Sending you customized communications based on past purchases or preferences you've set Providing offers or coupons based on your physical location 47% 39% 33% Department or mass merchandiser (physical location)
  • 20. 20 20 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 89% 59% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 55% § Company website 52% § App on your phone or other mobile device 39% How often would they like to receive them? Weekly 45% Website opens to the page you prefer Storing your financial activity history for you to reference later Storing your billing information / preferences 29% 29% 23% Financial institution (website/mobile app)
  • 21. 21 21 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 77% 61% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 61% § Text message 41% § App on your phone or other mobile device 40% How often would they like to receive them? Weekly 44% Reminding you of outstanding financial transactions that need to be completed Allowing you to set up recurring financial transaction Recommendations of financial products appropriate for your financial situation 43% 43% 32% Financial institution (physical location)
  • 22. 22 22 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 90% 71% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 70% § App on your phone or other mobile device 46% § Text message 42% How often would they like to receive them? Weekly 62% Providing offers or coupons based on your physical location Providing offers or coupons based on past purchases or preferences you've set Sending you customized communications 29% 29% 25% Grocery or drug store (website/mobile app)
  • 23. 23 23 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 75% 69% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 63% § App on your phone or other mobile device 32% § Direct mail 29% How often would they like to receive them? Weekly 67% Providing offers or coupons based on past purchases or preferences you've set Receive notifications when your prescriptions are ready for pickup Receive notifications for prescription refills 40% 38% 36% Grocery or drug store (physical location)
  • 24. 24 24 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 87% 64% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 81% § Company website 48% § Text message 45% How often would they like to receive them? Weekly 44% Providing offers or coupons based on your physical location Home page automatically shows best fares / hotel deals in your frequently travelled cities Providing offers or coupons based on past trips or preferences you've set 35% 32% 28% Travel and leisure (website/mobile app)
  • 25. 25 25 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 94% 59% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 76% § Company website 55% § Direct mail 30% How often would they like to receive them? Monthly 45% Providing offers or coupons based on past trips or preferences you've set Providing offers or coupons based on your physical location Pictures / vacation ideas provided based on your past travel habits 52% 44% 25% Travel and leisure (physical location)
  • 26. 26 26 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 76% 70% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 65% § App on your phone or other mobile device 46% § Company website 43% How often would they like to receive them? Weekly 45% Keeps track of your viewing history for your reference and to make it easier to view new content Recommendations of other shows you might like based on viewing habits Reminders of when to watch specific events / shows based on viewing habits 50% 36% 29% Media or entertainment (website/mobile app)
  • 27. 27 27 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 97% 55% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 73% § App on your phone or other mobile device 55% § Text message 48% How often would they like to receive them? Weekly 49% Provide offers or coupons based on your past activities Provide offers or coupons based on your physical location Providing recommendations for future events based on those you've previously attended 77% 65% 29% Media or entertainment (physical location)
  • 28. 28 28 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 86% 55% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 68% § Company website 52% § Direct mail 43% How often would they like to receive them? Monthly 46% Storing your purchase or maintenance history for you to reference later Reminders of upcoming scheduled service needs Allowing you to set up recurring maintenance for your vehicle 49% 44% 38% No current all-stars… opportunity to lead category Automobile company or dealer (website/mobile app)
  • 29. 29 29 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 79% 51% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 68% § Company website 48% § Text message 29% How often would they like to receive them? Monthly 44% Providing offers or coupons based on past purchases or preferences you've set Allowing you to set up recurring maintenance for your vehicle Storing your purchase or maintenance history to your account for you to reference later 52% 42% 36% No current all-stars… opportunity to lead category Automotive company or dealer (physical location)
  • 30. 30 30 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 87% 66% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 62% § App on your phone or other mobile device 57% § Company website 41% How often would they like to receive them? Weekly 57% Providing offers or coupons based on past purchases or preferences you've set Providing offers or coupons based on your physical location Sending you customized communications based on past purchases or preferences you’ve set 48% 42% 20% Restaurant or food ordering service (website/mobile app)
  • 31. 31 31 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 91% 63% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 79% § Text message 48% § App on your phone or other mobile device 40% How often would they like to receive them? Weekly 55% Providing offers or coupons based on past orders preferences you've set Providing offers or coupons based on your physical location Sending you customized communications based on past purchases or preferences you've set 68% 60% 37% Restaurant or food ordering service (physical location)
  • 32. 32 32 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Of consumers would be MORE LIKELY TO DO BUSINESS with them if they offered PERSONALIZED EXPERIENCES 82% 81% Of consumers think that the industry is nailing PERSONALIZED EXPERIENCES How would consumers prefer to receive personalized experiences? § Email 72% § Company website 44% § App on your phone or other mobile device 39% How often would they like to receive them? Weekly 50% Providing offers or coupons based on past purchases or preferences you’ve set Providing offers or coupons based on your physical location Sending you customized communications based on past purchases or preferences you’ve set 42% 32% 23% Online retailer (website/mobile app)
  • 33. 33 33 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 33 Industry Performance vs. Personalization Impact Website/Mobile App Dept./mass merchandise store Restaurant/food ordering service Online retailer Financial institution Media/ entertainment Travel & leisure Grocery/ drug store Automotive Websites/mobile apps from all industries can benefit from personalization. Online retailers are leading the charge, while financial institutions and automotive dealers can improve. Likelihood to do business with companies offering personalized experiences: (Much/somewhat more likely) How well companies’ websites/mobile apps are delivering personalized experiences: (Very/somewhat well) Dept./mass merchandise store Restaurant/food ordering service Online retailer Financial institution Media/ entertainment Travel & leisure Grocery/ drug store Automotive Base: Total (n=1,000) Q10. How well do you believe that the following types of businesses currently do when it comes to offering personalized experiences? Q16. How would the company offering you some or all of these personalization options impact your likelihood to do business with that specific CATEGORY? 90% 89% 87% 87% 86% 86% 82% 76% 71% 59% 64% 66% 69% 55% 81% 70%
  • 34. 34 34 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 34 Industry Performance vs. Personalization Impact Website/Mobile App Likelihood to do business with companies offering personalized experiences: (Much/somewhat more likely) How well companies’ physical locations are delivering personalized experiences: (Very/somewhat well) Base: Total (n=1,000) Q10. How well do you believe that the following types of businesses currently do when it comes to offering personalized experiences? Q16. How would the company offering you some or all of these personalization options impact your likelihood to do business with that specific CATEGORY? 97% 94% 91% 78% 77% 75% 59% 55% 59% 63% 63% 61% 69% 51% Dept./mass merchandise store Restaurant/food ordering service Financial institution Media/ entertainment Travel & leisure Grocery/ drug store Automotive Dept./mass merchandise store Restaurant/food ordering service Financial institution Media/ entertainment Travel & leisure Grocery/ drug store Automotive Physical locations are falling short — particularly entertainment companies and automotive dealers.
  • 36. 36 36 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Key findings Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. To encourage continued loyalty from high-value consumers, offer impactful and relevant personalized experiences. Continue to expand and advance personalized experiences to encourage frequent shopping. Personalization is profitable. ‘Super’ customers want and expect to receive personalized experiences. Those who believe companies are doing well on offering personalized experiences shop more frequently. Maintain and build trust with 'super' consumers by reinforcing that their information is being used securely to create personalized experiences.
  • 37. 37 37 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 37 Appreciating personalized experiences does not necessarily translate to more purchases. Companies that are among the top tier in personalization did not show greater spend than those who perform moderately. Q3. In general, how appealing is a personalized experience if a company offered this to you? Not very appealingNeither appealing nor unappealing Not appealing at all Very appealing Somewhat appealing Average # of purchases 8.4 9.1 10.1 8.2 10.2
  • 38. 38 38 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Additionally, those who believe companies are doing “very well” on offering personalized experiences shop more than more frequently than those who feel companies are doing “very poor.”3x But all “super” customers want and expect personalized experiences. Consumers who believe personalized experiences are “very appealing” are more likely to be a brand’s most valuable customer – those that are expected to make more than fifteen transactions in one year.10x Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved.
  • 39. 39 39 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 39 Additionally, those with a positive outlook about businesses offering personalized experiences shop more frequently. Q7: Thinking of all the companies and websites you shop at or do business with, how well do you believe companies are doing with providing personalized experiences currently? Somewhat poorNeutral Very poorVery well Somewhat well Average # of days between purchases 156 210 284 384 518
  • 41. 41 41 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. Survey outline Screening to ensure census representation General attitudes toward personalized experiences Industry-specific attitudes of personalized experiences Key motivators and barriers for providing personal information Other classification questions 41 Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. An online survey was conducted in April 2017 Following completion of the initial analysis, we dove deeper to determine the relationship between personalization and actual purchasing behavior using Epsilon transactional data. Ages 18-64 Not employed in marketing, advertising, public relations or market research industries A total of 1,000 responses were collected for the survey meeting the following criteria:
  • 42. Copyright©Epsilon2018EpsilonDataManagement,LLC.Allrightsreserved. 42 Consumers demand control over how their information is used, expect highly customized experiences and look for more than just a quick discount. But it’s not always that easy. Personalization requires: - tying a consumer's online and offline data together - actionable consumer data to deliver real-time, custom messages - learning and optimizing your marketing campaigns - reporting on how your marketing efforts are effecting the bottom line Are you meeting their expectations? Contact us to understand the effectiveness of your current digital experience strategy and how to take it to the next level with Epsilon and Conversant. Next steps