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Acquisition, Loyalty and Retention:
How a CDP Creates Customers for Life
© 2020 Tealium Inc. All rights reserved.
Inspiring CDP Use Cases for Increasing Loyalty & Retention
Jake Spencer
Product Marketing, Tealium
NICE TO MEET YOU!
© 2020 Tealium Inc. All rights reserved. | 3
AGENDA
● Changes in your customer data strategy
● What’s a CDP?
● Crawl, Walk, Run: How to plan your CDP
use cases
○ Crawl: Cart Abandonment
○ Walk: Lookalike Audiences and Building in Consent
Preferences
○ Run: Achieving a True Single View of the Customer
© 2020 Tealium Inc. All rights reserved. | 4
© 2020 Tealium Inc. All rights reserved. | 4
CHANGES IN YOUR CUSTOMER DATA STRATEGY
Marketers Doing More with Less
Marketers and customer experience professionals are consistently tasked with getting more out of a
stagnant or even declining budget (Gartner).
The Customer Journey Is Fragmented
The growth of mobile, social, IoT and more have created more opportunities for businesses to tap into
customer data, but more difficulty in creating personalized experiences across all of them.
Personalization, Prediction and Privacy
Consumers expect the brands they do business with to know them and provide services and
recommendations just for them but respect their privacy at the same time.
Digital Transformation Acceleration
The world has shifted to a mandate of digital-first customer experiences. As more consumers have
made digital their go-to means of purchase and engagement, digital transformation has accelerated.
The race to
digital-first is
accelerating…
Source:
https://www.mckinsey.com/business-functions/strategy-and-corporate-
finance/our-insights/five-fifty-the-quickening
© 2020 Tealium Inc. All rights reserved. | 5
And there’s
brand loyalty
up for grabs…
Source:
https://www.mckinsey.com/business-functions/strategy-and-corporate-fi
nance/our-insights/five-fifty-the-quickening
© 2020 Tealium Inc. All rights reserved. | 6
HUMAN CONNECTION POWERS CUSTOMER RELATIONSHIPS
Customers who have human communication experiences with brands are
© 2020 Tealium Inc. All rights reserved. | 7
WHAT’S THE
WAY FORWARD?
© 2020 Tealium Inc. All rights reserved. | 9
TO INNOVATE TODAY,
YOU NEED TO
UNDERSTAND YOUR CUSTOMER
THROUGH DATA
© 2020 Tealium Inc. All rights reserved. | 9
© 2020 Tealium Inc. All rights reserved. | 10
Marketing Clouds
DMPs
Personalization
Website
CRM
Mobile Apps
Social
Display
Call Center
Brick & Mortar
AN UNIFIED APPROACH TO CUSTOMER DATA
DATA
ACCURACY
AND QUALITY
REAL-TIME
DATA COLLECTION
MAKE DATA
AVAILABLE
EVERYWHERE
WHAT’S A CUSTOMER DATA PLATFORM?
A Customer Data Platform (CDP) is a software system that helps present a unified,
persistent and updated view of an individual customer, based on data from interactions
across multiple channels, platforms, and devices.
Purpose-built to collect data from a wide range of sources, CDPs unify customer data to
form a comprehensive view of the customer across devices and channels, and then make
that data available to other systems.
CDPs improve your organization, better your customer relationships, and complement
your current software and marketing efforts.
WHERE DO
I GET STARTED?
© 2020 Tealium Inc. All rights reserved. | 13
CRAWL
Cross-Channel Cart Abandonment
Abandoned cart campaigns are a great way to put your newly acquired customers with
unified customer profiles to work by providing relevant offers to your prospective
customers and ultimately generating revenue.
Why?
● Highly relevant and personalized engagement signals for higher conversion rates
● Suppressing “window shoppers” who are likely to convert somewhere else
Unify data from three
different sources to
create profile
Create audiences with
unique tags and deploy
to channels
Create unique profiles
for better audience
segmentation
WALK
Lookalike Audiences
With third-party cookies are crumbling, lookalike audiences are going to be critical to
finding new customers
Why?
● Allow you to expand scale of acquisition program without having to rebuild each
audience in every channel
● Able to define attributes of best customers and use that data in an advertising
channel to find new consumers with similar attributes
Unify data from three
different sources to
create profile
Create audiences and
deploy to channels
Create unique profiles
for better audience
segmentation
Honoring Consumer Consent in Every Channel
Privacy regulations like GDPR and CCPA make it easy for your consumers to opt-in and
out of data collection. A CDP can help you manage consent data.
How?
● Tie consent data into customer profile to update preferences in real time
● Remove customers from audiences and channels they’ve opted out of and capitalize
on where they are opted in
Unify data from different
devices sources to create
profile
Make real-time
adjustments to uphold
privacy preferences
Able to see consent
status and category in
customer profile
RUN
Single-View of the Customer
As the upstream source of the single view of the customer for your downstream
activation technologies, you’re removing much of the manual labor that would be
required to update each one individually—and doing so in real time.
Why?
● With your Customer Data Supply Chain set up to collect all of your touchpoints, a
real-time picture of the customer can be used to log order
● Once unified, can be sent to BI tools for analysis and activation points can be
updated to suppress channels that are wasting spend
Unify data from different
devices sources to create
profile
Target the right customer
with the right message at
the right time.
Build unified profiles
and audiences that are
ready for action
HOW THE UTAH
JAZZ SCORED
WITH A CDP
Personalized, Audience-Based
Experiences
The Solution
Combine a Tag Management System with a CDP
Unified Data Available Across
Tech Stack
● 30-year season ticket holders vs
first-time fans
● Historic behavioral data
● A/B testing around ticket
recommendations
● First-party data strategy to bring fan
experience data in-house
● Stitch together visitor data with
third-party platforms like
Ticketmaster
● Adjust ad spend in real time
THE RESULTS
50% 140% 62% 34% 100K
Cost
Reduction
per CDP
Campaign
Increase in
Click-Through
Rates
Increase in
Return on Ad
Spend
Increase in
Revenue per
Visitor
Revenue for
Abandoned
Cart
Campaigns
With a robust data foundation in place, CX enhancements like upgrading
the app experience during games or revealing cross-sell opportunities
across parent company’s multiple venues are quickly achievable
LEARN MORE IN THE ATTACHMENTS
GET THE GUIDE
The Definitive Guide to Customer Data Platforms
PREPARE FOR THE HOLIDAYS
Retail Readiness Holiday eBook
SEE THE UTAH JAZZ’S FULL DIGITAL TRANSFORMATION
Hear from VP of Analytics and Digital Development, Jared Geurts!
Thank You!
© 2020 Tealium Inc. All rights reserved.

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Acquisition, Loyalty and Retention: How a CDP Creates Customers for Life

  • 1. Acquisition, Loyalty and Retention: How a CDP Creates Customers for Life © 2020 Tealium Inc. All rights reserved. Inspiring CDP Use Cases for Increasing Loyalty & Retention
  • 2. Jake Spencer Product Marketing, Tealium NICE TO MEET YOU!
  • 3. © 2020 Tealium Inc. All rights reserved. | 3 AGENDA ● Changes in your customer data strategy ● What’s a CDP? ● Crawl, Walk, Run: How to plan your CDP use cases ○ Crawl: Cart Abandonment ○ Walk: Lookalike Audiences and Building in Consent Preferences ○ Run: Achieving a True Single View of the Customer
  • 4. © 2020 Tealium Inc. All rights reserved. | 4 © 2020 Tealium Inc. All rights reserved. | 4 CHANGES IN YOUR CUSTOMER DATA STRATEGY Marketers Doing More with Less Marketers and customer experience professionals are consistently tasked with getting more out of a stagnant or even declining budget (Gartner). The Customer Journey Is Fragmented The growth of mobile, social, IoT and more have created more opportunities for businesses to tap into customer data, but more difficulty in creating personalized experiences across all of them. Personalization, Prediction and Privacy Consumers expect the brands they do business with to know them and provide services and recommendations just for them but respect their privacy at the same time. Digital Transformation Acceleration The world has shifted to a mandate of digital-first customer experiences. As more consumers have made digital their go-to means of purchase and engagement, digital transformation has accelerated.
  • 5. The race to digital-first is accelerating… Source: https://www.mckinsey.com/business-functions/strategy-and-corporate- finance/our-insights/five-fifty-the-quickening © 2020 Tealium Inc. All rights reserved. | 5
  • 6. And there’s brand loyalty up for grabs… Source: https://www.mckinsey.com/business-functions/strategy-and-corporate-fi nance/our-insights/five-fifty-the-quickening © 2020 Tealium Inc. All rights reserved. | 6
  • 7. HUMAN CONNECTION POWERS CUSTOMER RELATIONSHIPS Customers who have human communication experiences with brands are © 2020 Tealium Inc. All rights reserved. | 7
  • 9. © 2020 Tealium Inc. All rights reserved. | 9 TO INNOVATE TODAY, YOU NEED TO UNDERSTAND YOUR CUSTOMER THROUGH DATA © 2020 Tealium Inc. All rights reserved. | 9
  • 10. © 2020 Tealium Inc. All rights reserved. | 10 Marketing Clouds DMPs Personalization Website CRM Mobile Apps Social Display Call Center Brick & Mortar AN UNIFIED APPROACH TO CUSTOMER DATA
  • 11. DATA ACCURACY AND QUALITY REAL-TIME DATA COLLECTION MAKE DATA AVAILABLE EVERYWHERE WHAT’S A CUSTOMER DATA PLATFORM? A Customer Data Platform (CDP) is a software system that helps present a unified, persistent and updated view of an individual customer, based on data from interactions across multiple channels, platforms, and devices. Purpose-built to collect data from a wide range of sources, CDPs unify customer data to form a comprehensive view of the customer across devices and channels, and then make that data available to other systems. CDPs improve your organization, better your customer relationships, and complement your current software and marketing efforts.
  • 12. WHERE DO I GET STARTED?
  • 13. © 2020 Tealium Inc. All rights reserved. | 13
  • 14. CRAWL
  • 15. Cross-Channel Cart Abandonment Abandoned cart campaigns are a great way to put your newly acquired customers with unified customer profiles to work by providing relevant offers to your prospective customers and ultimately generating revenue. Why? ● Highly relevant and personalized engagement signals for higher conversion rates ● Suppressing “window shoppers” who are likely to convert somewhere else
  • 16. Unify data from three different sources to create profile Create audiences with unique tags and deploy to channels Create unique profiles for better audience segmentation
  • 17. WALK
  • 18. Lookalike Audiences With third-party cookies are crumbling, lookalike audiences are going to be critical to finding new customers Why? ● Allow you to expand scale of acquisition program without having to rebuild each audience in every channel ● Able to define attributes of best customers and use that data in an advertising channel to find new consumers with similar attributes
  • 19. Unify data from three different sources to create profile Create audiences and deploy to channels Create unique profiles for better audience segmentation
  • 20. Honoring Consumer Consent in Every Channel Privacy regulations like GDPR and CCPA make it easy for your consumers to opt-in and out of data collection. A CDP can help you manage consent data. How? ● Tie consent data into customer profile to update preferences in real time ● Remove customers from audiences and channels they’ve opted out of and capitalize on where they are opted in
  • 21. Unify data from different devices sources to create profile Make real-time adjustments to uphold privacy preferences Able to see consent status and category in customer profile
  • 22. RUN
  • 23. Single-View of the Customer As the upstream source of the single view of the customer for your downstream activation technologies, you’re removing much of the manual labor that would be required to update each one individually—and doing so in real time. Why? ● With your Customer Data Supply Chain set up to collect all of your touchpoints, a real-time picture of the customer can be used to log order ● Once unified, can be sent to BI tools for analysis and activation points can be updated to suppress channels that are wasting spend
  • 24. Unify data from different devices sources to create profile Target the right customer with the right message at the right time. Build unified profiles and audiences that are ready for action
  • 25. HOW THE UTAH JAZZ SCORED WITH A CDP
  • 26. Personalized, Audience-Based Experiences The Solution Combine a Tag Management System with a CDP Unified Data Available Across Tech Stack ● 30-year season ticket holders vs first-time fans ● Historic behavioral data ● A/B testing around ticket recommendations ● First-party data strategy to bring fan experience data in-house ● Stitch together visitor data with third-party platforms like Ticketmaster ● Adjust ad spend in real time
  • 27. THE RESULTS 50% 140% 62% 34% 100K Cost Reduction per CDP Campaign Increase in Click-Through Rates Increase in Return on Ad Spend Increase in Revenue per Visitor Revenue for Abandoned Cart Campaigns With a robust data foundation in place, CX enhancements like upgrading the app experience during games or revealing cross-sell opportunities across parent company’s multiple venues are quickly achievable
  • 28. LEARN MORE IN THE ATTACHMENTS GET THE GUIDE The Definitive Guide to Customer Data Platforms PREPARE FOR THE HOLIDAYS Retail Readiness Holiday eBook SEE THE UTAH JAZZ’S FULL DIGITAL TRANSFORMATION Hear from VP of Analytics and Digital Development, Jared Geurts!
  • 29. Thank You! © 2020 Tealium Inc. All rights reserved.