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Loyalty for Sale
Building Customer Relationships One Purchase at a Time
August 2,
2017
ICF Energy Efficiency
Products Workshop
Detroit, Michigan
Laura Orfanedes
Principal, Energy Marketing;
Innovation & Customer
Engagement
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017
Presentation Title
2
E V O L U T I O N
of Ecommerce in Energy Efficiency
Loyalty for Sale
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
What Customers Want from Their Utility for Energy-Related
Products and Services
8/10/2017
Loyalty for Sale
3
MASELLA, TONY. "THE NEW ENERGY CONSUMER: UNLEASHING BUSINESS VALUE IN A DIGITAL WORLD." ACCENTURE, 2015. ACCENTURE-NEW-ENERGY-CONSUMER-FINAL.PDF.
Percentage of Customers Interested If Offered
by Their Utility
Products and materials to make simple energy-saving
improvements (66%)
Home energy generation products (62%)
Home audits/consultations to identify ways to save (61%)
Installation and/or maintenance services for home energy
devices (60%)
Warranty and/or financing plans for home energy devices
(56%)
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017
Loyalty for Sale
4
• Still early stage in development for EE industry
• Place utility within the customer product journey
• Include a product mix comprised mostly of EE products
• Served by a fragmented and complex vendor landscape
• Show great opportunity for improvement
Utility Product Marketplaces Today
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
DTE Marketplace
8/10/2017
Loyalty for Sale
5
A TOUCHPOINT TO BUILD ENGAGEMENT, DRIVE UPTAKE OF EE PRODUCTS, DELIVER SATISFACTION, AND BUILD TRUST WITH CUSTOMERS
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
 Launched April 17, 2017
 4 product categories, 15 products
 Product mix includes:
 Smart Thermostats
 Lighting
 Outlets and APSs
 Water Saving Products
DTE Marketplace – Today
8/10/2017 6
DRIVE PURCHASE OF ENERGY EFFICIENT PRODUCTS
Loyalty for Sale
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
DTE Marketplace – Shopping Tools
8/10/2017 7
APPLIANCE COMPARISON TOOLS TO HELP CUSTOMERS CHOOSE THE RIGHT PRODUCTS FOR THEIR NEEDS
Loyalty for Sale
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017
Loyalty for Sale
8
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
DTE Marketplace – Customer Awareness and Acquisition
8/10/2017 11
Loyalty for Sale
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
DTE Marketplace – Tomorrow
8/10/2017 10
CENTRAL ENGAGEMENT HUB SERVING VARIETY OF PRODUCT NEEDS
Measure and Optimize
Marketing Strategies
Expand Product Offerings
Boost Revenue Generation
Explore Loyalty and Rewards
Loyalty for Sale
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
BEST PRACTICES
8/10/2017
Loyalty for Sale
11
 Implement Customer Acquisition Strategies
 Avoid a “build it, they will come” mentally
 Employ targeted marketing to drive traffic to site
 Maximize Customer Lifetime Value (CLV)
 Optimize and win during the repurchase window
 Leverage loyalty and rewards to build customer
relationship and loyalty and maximize CLV
 Focus on Customer Retention
 Meet customer expectations for experience and
promotions
 Drive repeat purchases
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
Mobile apps are changing consumer/retailer relationships
Retailers are more on consumers' minds
Personalized customer experience is growing
Consumers want convenience of faster delivery, lower
prices
Digital Impacts to Watch for On The Road to Best Practices
8/10/2017
Loyalty for Sale
12
https://www.entrepreneur.com/article/288149
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
Acquiring Customers Through Email Marketing
8/10/2017
Loyalty for Sale
13
• Customer Launch Email
• Deployed June, 2017
• Metrics
• Emails Delivered: 36K
• Open Rate: 39.4%
• Click Through Rate: 6%
• Overall Results:
• Conversion Rates increased .7%
• Website Visits Rates increased 113.6%
• Post Email Orders
• 1st week post-campaign: 31 orders (1.8% conversion
rate)
• 2nd week post-campaign: 94 orders (2.5% conversion
rate)
Website Visits
increased by
113.6%
Conversion
rates
increased by
.7%
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
Retaining Customers by Meeting Their Expectations
8/10/2017
Loyalty for Sale
14
Responsive Design
&
Mobile Apps
Personalized
Marketing:
Cart Abandon,
Exclusive Offers
Post Purchase
Product
Education
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017
Loyalty for Sale
15
Source: IBM Marketing Cloud 2016 Email Benchmarks Study
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
Maximizing Customer Lifetime Value
8/10/2017
Loyalty for Sale
16
TURNING FIRST TIME BUYERS INTO REPEAT CUSTOMERS.
https://rjmetrics.com/resources/reports/ecommerce-buyer-behavior
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
Rewarding Customers for their Loyalty
8/10/2017
Loyalty for Sale
17
Redeem points for EE products
Earn points on purchase of EE
products
Purchase EE products with
an instant rebate
Explore the innovative,
energy-saving products
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
Roadmap for Enhancing Ecommerce
8/10/2017
Loyalty for Sale
18
1 Define Key
Objectives
4 Identify Target
Offers, Loyalty
and Rewards
Strategies
3 Draw Customer
Insights from
Data
2 Determine
Data Needed
for Analysis
5 Map Out
Plan for
Execution
ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.
Thank you!
Questions?

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Aug2 Session6 Laura Orfanedes

  • 1. Loyalty for Sale Building Customer Relationships One Purchase at a Time August 2, 2017 ICF Energy Efficiency Products Workshop Detroit, Michigan Laura Orfanedes Principal, Energy Marketing; Innovation & Customer Engagement
  • 2. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017 Presentation Title 2 E V O L U T I O N of Ecommerce in Energy Efficiency Loyalty for Sale
  • 3. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. What Customers Want from Their Utility for Energy-Related Products and Services 8/10/2017 Loyalty for Sale 3 MASELLA, TONY. "THE NEW ENERGY CONSUMER: UNLEASHING BUSINESS VALUE IN A DIGITAL WORLD." ACCENTURE, 2015. ACCENTURE-NEW-ENERGY-CONSUMER-FINAL.PDF. Percentage of Customers Interested If Offered by Their Utility Products and materials to make simple energy-saving improvements (66%) Home energy generation products (62%) Home audits/consultations to identify ways to save (61%) Installation and/or maintenance services for home energy devices (60%) Warranty and/or financing plans for home energy devices (56%)
  • 4. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017 Loyalty for Sale 4 • Still early stage in development for EE industry • Place utility within the customer product journey • Include a product mix comprised mostly of EE products • Served by a fragmented and complex vendor landscape • Show great opportunity for improvement Utility Product Marketplaces Today
  • 5. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. DTE Marketplace 8/10/2017 Loyalty for Sale 5 A TOUCHPOINT TO BUILD ENGAGEMENT, DRIVE UPTAKE OF EE PRODUCTS, DELIVER SATISFACTION, AND BUILD TRUST WITH CUSTOMERS
  • 6. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose.  Launched April 17, 2017  4 product categories, 15 products  Product mix includes:  Smart Thermostats  Lighting  Outlets and APSs  Water Saving Products DTE Marketplace – Today 8/10/2017 6 DRIVE PURCHASE OF ENERGY EFFICIENT PRODUCTS Loyalty for Sale
  • 7. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. DTE Marketplace – Shopping Tools 8/10/2017 7 APPLIANCE COMPARISON TOOLS TO HELP CUSTOMERS CHOOSE THE RIGHT PRODUCTS FOR THEIR NEEDS Loyalty for Sale
  • 8. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017 Loyalty for Sale 8
  • 9. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. DTE Marketplace – Customer Awareness and Acquisition 8/10/2017 11 Loyalty for Sale
  • 10. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. DTE Marketplace – Tomorrow 8/10/2017 10 CENTRAL ENGAGEMENT HUB SERVING VARIETY OF PRODUCT NEEDS Measure and Optimize Marketing Strategies Expand Product Offerings Boost Revenue Generation Explore Loyalty and Rewards Loyalty for Sale
  • 11. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. BEST PRACTICES 8/10/2017 Loyalty for Sale 11  Implement Customer Acquisition Strategies  Avoid a “build it, they will come” mentally  Employ targeted marketing to drive traffic to site  Maximize Customer Lifetime Value (CLV)  Optimize and win during the repurchase window  Leverage loyalty and rewards to build customer relationship and loyalty and maximize CLV  Focus on Customer Retention  Meet customer expectations for experience and promotions  Drive repeat purchases
  • 12. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. Mobile apps are changing consumer/retailer relationships Retailers are more on consumers' minds Personalized customer experience is growing Consumers want convenience of faster delivery, lower prices Digital Impacts to Watch for On The Road to Best Practices 8/10/2017 Loyalty for Sale 12 https://www.entrepreneur.com/article/288149
  • 13. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. Acquiring Customers Through Email Marketing 8/10/2017 Loyalty for Sale 13 • Customer Launch Email • Deployed June, 2017 • Metrics • Emails Delivered: 36K • Open Rate: 39.4% • Click Through Rate: 6% • Overall Results: • Conversion Rates increased .7% • Website Visits Rates increased 113.6% • Post Email Orders • 1st week post-campaign: 31 orders (1.8% conversion rate) • 2nd week post-campaign: 94 orders (2.5% conversion rate) Website Visits increased by 113.6% Conversion rates increased by .7%
  • 14. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. Retaining Customers by Meeting Their Expectations 8/10/2017 Loyalty for Sale 14 Responsive Design & Mobile Apps Personalized Marketing: Cart Abandon, Exclusive Offers Post Purchase Product Education
  • 15. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. 8/10/2017 Loyalty for Sale 15 Source: IBM Marketing Cloud 2016 Email Benchmarks Study
  • 16. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. Maximizing Customer Lifetime Value 8/10/2017 Loyalty for Sale 16 TURNING FIRST TIME BUYERS INTO REPEAT CUSTOMERS. https://rjmetrics.com/resources/reports/ecommerce-buyer-behavior
  • 17. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. Rewarding Customers for their Loyalty 8/10/2017 Loyalty for Sale 17 Redeem points for EE products Earn points on purchase of EE products Purchase EE products with an instant rebate Explore the innovative, energy-saving products
  • 18. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. Roadmap for Enhancing Ecommerce 8/10/2017 Loyalty for Sale 18 1 Define Key Objectives 4 Identify Target Offers, Loyalty and Rewards Strategies 3 Draw Customer Insights from Data 2 Determine Data Needed for Analysis 5 Map Out Plan for Execution
  • 19. ICF proprietary and confidential. Do not copy, distribute, or disclose.ICF proprietary and confidential. Do not copy, distribute, or disclose. Thank you! Questions?