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Engineering Serendipity
T h e I n d i v i d u a l i z e d F u t u r e o f L o y a l t y a n d E n g a g e m e n t
American Marketing Association
National Conference 9.29.2015
*
WHY ARE YOU IN THIS SESSION?
*
*
I want to understand my customers better,
but I don’t know how to get them to open up.
I think customer loyalty is important,
but I’m not sure loyalty programs are even relevant anymore.
I was in this room for the last session, so I figured I’d stay put.
#IndividualizedMarketing
JENNE BARBOUR
Director, Global Marketing Strategy
+ Evangelism
Teradata Marketing Applications
I loyalty.
@jennebarbour
#IndividualizedMarketing
WHO AM I?
© 2015 Teradata3 #IndividualizedMarketing
*
LET’S TALK LOYALTY
*
*
Customers haven’t turned their backs on loyalty programs.
Many loyalty programs have ignored customers’ needs.
The next generation of loyalty and engagement is breaking
out of the “loyalty box” and redefining the relationship.
Loyalty is dead. LONG LIVE LOYALTY.
#IndividualizedMarketing
IF YOU DON’T LIKE CHANGE,
you’re going to like irrelevance even less.
General Eric Shinseki, U.S. Army, Ret.,
Former Secretary Veterans Affairs
“
#IndividualizedMarketing
Digital Velocity
#IndividualizedMarketing
Marketing Cacophony
#IndividualizedMarketing
Sources: 2000 COLLOQUY Sizing Study, 2007 COLLOQUY Loyalty Census, 2009 COLLOQUY Loyalty Census, 2011 COLLOQUY Loyalty Census, 2013 COLLOQUY Loyalty Census, 2015 COLLOQUY Loyalty Census
2000 2006 2008 2010 2012 2014
.97B
1.34B
1.80B
2.09B
2.65B
3.32B
37.3%
34.5%
16.3%
26.7%
25.5%
Loyalty Growth
Source: 2011 COLLOQUY Loyalty Census
54%
46%
2010
Engagement Deceleration
#IndividualizedMarketing
Source: 2013 COLLOQUY Loyalty Census
44%
2012
56%
#IndividualizedMarketing
Engagement Deceleration
Engagement Deceleration
Source: 2015 COLLOQUY Loyalty Census
58%
42%
2014
#IndividualizedMarketing
29
Engagement Deceleration
Source: 2015 COLLOQUY Loyalty Census
58%
42%
2014
#IndividualizedMarketing
12
Source: 2015 COLLOQUY Loyalty Census
58%
42%
2014
#IndividualizedMarketing
Engagement Deceleration
Siloed Insights
#IndividualizedMarketing
“I love you and
YOU DON’T EVEN KNOW
MY NAME.
Fara Howard, Global VP Marketing for Vans
Gartner Digital Marketing Conference
#IndividualizedMarketing
Eroded Growth
#IndividualizedMarketing
ENGINEERED SERENDIPITY.”
– JASON SILVA
“We move into a world of
#IndividualizedMarketing
POINTS ! REWARDS ! KEYFOBS ! CARDS ! STATUS ! BIRTHDAYS ! REWARDS CATALOG !
CK-INS ! MEMBERS ! PLATINUM ! GOLD ! FREQUENCY ! ENGAGEMENT !
RETENTION ! ACQUISITION ! TANGIBLE ! BENEFITS ! PREFERENCES ! GROWTH ! SHARE
LITTERS ! HIGH POTENTIAL ! TRUNK SHOWS ! REMINDER EMAILS !
PROFITABILITY ! LOOKALIKES ! PRIVILEGE ! SURPRISE AND DELIGHT ! JOURNEYS ! EXP
OFFERS ! BONUS EVENTS ! SURVEYS ! MEMBER LOUNGES ! MILES AND SEGMENTS !
FREE UPGRADES ! PARTNER PROMOTIONS ! ELITE STATUS ! PERKS ! PURCHASE TRACK
VEHICLE ! HAPPY HOUR ! FREE CHAMPAGNE ! CASH BACK ! COURTESY VALET !
VELVET ROPE ! GAMIFICATION ! VIP HOTLINE ! RESERVED SEATING ! COMPLIMENTAR
SOCIAL LOGIN ! PERSONAL STYLIST ! FAST PASS ! TRIALS ! FREE SAMPLES !
BRAND EXPERIENCES ! EARLY SALE ACCESS ! DONATIONS ! SNEAK PEEKS ! GAS DISC
TER ! FRESH COOKIES ! NAME IN LIGHTS ! CONCIERGE SERVICE ! BACKSTAGE PASSES
OVERNIGHT SHIPPING ! AFFILIATE PROGRAMS ! ENGAGEMENT REWARDS ! PRODUC
RELEVANCE
#IndividualizedMarketing
Customer-centric
Relationship +
Engagement
Individualized Engagement
#IndividualizedMarketing
Mobile
everywhere
Disposable
interactions
Increased
expectations
Individualizing Engagement
#IndividualizedMarketing
Individualizing Engagement
Integrated
value
Moments of
engagement
Connected
experiences
#IndividualizedMarketing
Integrated Value
#IndividualizedMarketing
Connected Experiences
#IndividualizedMarketing
Moments of Engagement
#IndividualizedMarketing
UNIFY Loyalty + Engagement
#IndividualizedMarketing
“Rather than being classified into a segment,
each customer should be seen as
A “SEGMENT OF ONE.”
Jeff Berry, COLLOQUY
#IndividualizedMarketing
*
ENGINEER SOME SERENDIPITY!
*
*
Customers desire individualized value exchanges for
creating a brand relationship.
Loyalty programs don’t look like they used to – and that’s
a very good thing… for customers and marketers.
Marketers who strive to integrate value, connect experiences,
and create moments of engagement will win today’s
customer’s loyalty.
#IndividualizedMarketing
TM

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Engineering Serendipity: 2015 AMA National Conference Presentation