The document discusses using customer and market segmentation to power predictable market expansion through discovering high propensity prospects. It outlines challenges with current predictive analytics approaches for marketers. The new approach of "customer insights marketing" is presented as a 3-step process of customer segmentation, market segmentation, and predicting growth. Case studies are provided showing how organizations have increased marketing ROI, lifted conversions, reduced costs, and discovered larger addressable markets through this approach using Radius' customer insights platform. Key takeaways focus on understanding data and insight building strategies.
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3. #LLCSeries
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12. Marketers are Really Not Cut out for This
Only 13% of organizations have the analytic skills they need in the
marketing department
400,000 data
science jobs in
the US
140,000
qualified
professionals to
fill them
13. We use Analytics Narrowly and Primarily for Lead Scoring
Source: Forrester’s New Technologies Emerge To Help Unearth Buyer Insight from Mountains for B2B Data Report, 2015
14. Most Solutions are Built for Sales Pipeline Optimization, not for
Customer Lifecycle Management
15. Focus on Validating Correlations Not Looking for Patterns
Validating
Correlations in
Existing Dataset
vs
Looking for Patterns
in Big Data
17. A B C D E F G H I J K L M N O
1
3
4
5
6
7
8
9
10
11
12
13
Known market
New market
Targeting and Sinking
18. Building Customer Insights for Growth
CustomerGrowth
Insights
Won customer insights
Find look alikes within your CRM (optimize)
Enrich won customer
insights
Engage and
gain insights
for customer
segmentation
Find look alikes outside your CRM (saturate)
Build
predictive
models to
find more
Find unexplored new markets (predict)
Acquire,
engage,
and gain
insights for
market
segmentati
on
Find adjacent markets (expand)
Customer growth
and revenue
impact
26. SEGMENT SIZE
CURRENT
PENETRATION
CUSTOMER VALUE
AVAILABLE MARKET
“Unless you know the number of companies in
the entire industry, you can’t judge whether your
current customers from that industry are a small
or large percentage of the whole, let alone how
many additional companies from that industry are
likely to buy in the future.”
- David Raab
Market Segmentation: Market Size and Characterization
27. Market Segmentation: The Attributions That Matter
Customer personas align your organization, strategies, and campaigns to a data-driven
understanding of your customer. New sources of external signals help you pinpoint your
ideal customers...
28. Simultaneous customer market segmentation enables identifies marketers with 3x
the available market and with 40% lift in conversions
Case Study: High-growth Software Firm Discovers Huge Market
29. DIRECT MAILTELEMARKETING EMAIL SOCIAL ADS
Radius customers turn intelligence into campaign lift cost reductions by
targeting the ideal prospects with relevant messaging via multiple channels.
Verified emails and tailored
copy increase opens 30%
and CTR 80%
Customized creative with
social data
increases response rates
by 200%
Social ads to look-a-like
prospects reduces CAC
from $150 to $40
Customized calls
voicemails increase lead-
to-oppty rate by 10x
Acquire, Engage, and Win Customers
32. Real Results with Predictive
“Prior to Radius, we were limited in
the ways we could understand our
target audience.”
“The insights we extract from
Radius impact some of our biggest
marketing decisions.”
“ We’ve seen tremendous lift in
conversion reduction in marketing
costs with Radius’s platform.”
3x increase in total addressable market
200% lift in campaign response rates
4x growth in sales teams
40% lift in customer conversions
70% lower customer acquisition cost
16x on campaign ROI
$57MM in new opportunities created
9x ROI in Radius in 5 months
34. Key Take-Aways
Understand your strategy
Know your true data limitations
Understand where you are in the customer insight building stage
More data is not more
More insight is more
Ensure end-to-end integration (no siloed projects)
35. Building Customer Insights for Growth
CustomerGrowth
Insights
Won customer insights
Find look alikes within your CRM (optimize)
Enrich won customer
insights
Engage and
gain insights
for customer
segmentation
Find look alikes outside your CRM (saturate)
Build
predictive
models to
find more
Find unexplored new markets (predict)
Acquire,
engage,
and gain
insights for
market
segmentati
on
Find adjacent markets (expand)
Customer growth
and revenue
impact