A Relationship Marketing Program (RMP) allows businesses to build long-term relationships with customers by knowing who their best customers are, acknowledging them, and engaging with them through personalized offers. An RMP creates value for businesses by generating new recurring revenues, increasing customer retention and lifetime value, capturing valuable customer data, and inviting a growing community. The document outlines how an RMP works, signs that a business needs one, how an RMP creates value through new incremental revenues, and how to launch an effective RMP.
Nurturing Best Practices for Demand GenAsad Haroon
Most companies have a database of leads that have been set aside after initial closing attempts failed to produce the desired results. These leads should not be ignored, as they can prove at least as valuable as fresh leads, and are worth working. The truth is, even the best leads will not produce the results you want if they are not managed and nurtured well.
Nurturing Best Practices for Demand GenAsad Haroon
Most companies have a database of leads that have been set aside after initial closing attempts failed to produce the desired results. These leads should not be ignored, as they can prove at least as valuable as fresh leads, and are worth working. The truth is, even the best leads will not produce the results you want if they are not managed and nurtured well.
Believe it or not, it is easy to create new opportunities for building wealth. In fact, unseen opportunities are passing you by everyday. The only thing you need to do is to look at these overlooked opportunities with fresh eyes and capitalize on them.
Marketing genius Jay Abraham shares with you a program that will help you reach the pinnacle of success. Using the strategies he has utilized as a top advisor to some of America’s top corporations, Jay teaches you how to spot hidden assets and how to use untapped resources to maximize your career and increase your income.
Achieving customer loyalty is the best way to keep sales pipelines full. Customer experience management is key to customer loyalty. This whitepaper is about how to achieve customer loyalty in small and medium size busines.
8 Critical Success Factorsfor Lead GenerationGil.B
Until now, "lead generation" was associated with direct mail campaigns, sometimes supported by a flashy website, sporadic trade show appearances, intense email blasts or stabs at telemarketing, but with very little, if any, special attention brought to bear on the complex sale.
Meanwhile, marketers are constantly reminded that the company needs more sales leads NOW. Unfortunately, that immediacy often means sacrificing quality for sheer quantity.
A flood of ordinary, low-quality leads doesn\'t mean better sales - so why waste your time? The challenge is to adopt lead generation programs that will increase the odds of creating better sales leads, ultimately resulting in long-term, happy and profitable customers.
We live in a world of ‘digital immersion’ and today’s customers don’t see your company through a channel-focused lens – they view the experience they have as ‘one experience’, irrespective of channel.
This presentation will explore the challenges that not only lay ahead, but also probe some ideas on how you can foster the type of engagement which moves beyond the traditional view of customer loyalty and into the world of cultivating fanatical brand advocacy.
Deliver a Corporate Story That Strengthens Your Customer Experience.James O'Gara
More than ever before, businesses operate in a world of
transparency. The always-connected-and-consuming
buyer has unprecedented access to your organization.
Your strategy and story are visible to anyone, anywhere,
at any time.
How your business operates, what your organization believes in, the actions employees take and the words you use to describe what you do — as well as the value you deliver and what differentiates you — are now omnipresent. These touchpoints, interactions and messages define your customer’s overall experience with your company. They also represent the new competitive environment that businesses must contend with today. In fact, a recent Gartner report said by 2016 (that’s here and now), 89 percent of companies expect to compete mostly on the basis of customer experience, versus 36 percent just four years ago.
In the customer-experience driven world we live in, words
and actions matter. They establish perception. They
define how customers perceive their experience with
your company. While your strategy drives your actions,
your message drives the storyline customers experience
throughout their journey.
That’s why your story and strategy must be fully aligned.
When they are not, the customer experience breaks down.
The perception of your brand is damaged. Customers lose
faith and trust in your company. Customers leave and go
to the competition.
Clarity and connectivity between your story and strategy
is paramount. A recent article in the Journal of Business
Strategy stated, “In its simplest sense, a corporate story is
a narrative tool that tells the tale of a company’s strategy
in action. It is a clear, structured, compelling articulation
of ‘‘who we are’’ and ‘‘where we’re headed’’ that rallies
emotional and rational support from stakeholders.”
The article continues, “More than mere words, however,
the corporate story’s strength lies in its ability to align
leaders, drive decision making and mobilize
the organization.”
In this paper, we’ll explore the best practices for
developing and delivering a clear, compelling and
consistent story that can in fact “align leaders, drive
decision making and mobilize the organization.”
A story that is:
> Aligned with your go-to-market strategy
> Anchored in a higher purpose
> Constructed with consistent building blocks
> Packaged, comprehensive and compartmentalized
> Embraced and activated by employees
> Connected throughout the customer experience
> Designed to produce top- and bottom-line
business results
3 Quick Ways Small Teams Can Marry Inbound & ABM to Supercharge GrowthAggregage
Inbound marketing or ABM — which side are you on? Luckily, the era where you have to pick sides is officially over. We’re calling it. In reality, small teams can blend both approaches to unlock major growth and stay ahead of the competition. Join Head of ABM Content, Caroline Van Dyke, as she breaks down the myth that ABM is just for big teams with tons of time and over-the-top budget.
Believe it or not, it is easy to create new opportunities for building wealth. In fact, unseen opportunities are passing you by everyday. The only thing you need to do is to look at these overlooked opportunities with fresh eyes and capitalize on them.
Marketing genius Jay Abraham shares with you a program that will help you reach the pinnacle of success. Using the strategies he has utilized as a top advisor to some of America’s top corporations, Jay teaches you how to spot hidden assets and how to use untapped resources to maximize your career and increase your income.
Achieving customer loyalty is the best way to keep sales pipelines full. Customer experience management is key to customer loyalty. This whitepaper is about how to achieve customer loyalty in small and medium size busines.
8 Critical Success Factorsfor Lead GenerationGil.B
Until now, "lead generation" was associated with direct mail campaigns, sometimes supported by a flashy website, sporadic trade show appearances, intense email blasts or stabs at telemarketing, but with very little, if any, special attention brought to bear on the complex sale.
Meanwhile, marketers are constantly reminded that the company needs more sales leads NOW. Unfortunately, that immediacy often means sacrificing quality for sheer quantity.
A flood of ordinary, low-quality leads doesn\'t mean better sales - so why waste your time? The challenge is to adopt lead generation programs that will increase the odds of creating better sales leads, ultimately resulting in long-term, happy and profitable customers.
We live in a world of ‘digital immersion’ and today’s customers don’t see your company through a channel-focused lens – they view the experience they have as ‘one experience’, irrespective of channel.
This presentation will explore the challenges that not only lay ahead, but also probe some ideas on how you can foster the type of engagement which moves beyond the traditional view of customer loyalty and into the world of cultivating fanatical brand advocacy.
Deliver a Corporate Story That Strengthens Your Customer Experience.James O'Gara
More than ever before, businesses operate in a world of
transparency. The always-connected-and-consuming
buyer has unprecedented access to your organization.
Your strategy and story are visible to anyone, anywhere,
at any time.
How your business operates, what your organization believes in, the actions employees take and the words you use to describe what you do — as well as the value you deliver and what differentiates you — are now omnipresent. These touchpoints, interactions and messages define your customer’s overall experience with your company. They also represent the new competitive environment that businesses must contend with today. In fact, a recent Gartner report said by 2016 (that’s here and now), 89 percent of companies expect to compete mostly on the basis of customer experience, versus 36 percent just four years ago.
In the customer-experience driven world we live in, words
and actions matter. They establish perception. They
define how customers perceive their experience with
your company. While your strategy drives your actions,
your message drives the storyline customers experience
throughout their journey.
That’s why your story and strategy must be fully aligned.
When they are not, the customer experience breaks down.
The perception of your brand is damaged. Customers lose
faith and trust in your company. Customers leave and go
to the competition.
Clarity and connectivity between your story and strategy
is paramount. A recent article in the Journal of Business
Strategy stated, “In its simplest sense, a corporate story is
a narrative tool that tells the tale of a company’s strategy
in action. It is a clear, structured, compelling articulation
of ‘‘who we are’’ and ‘‘where we’re headed’’ that rallies
emotional and rational support from stakeholders.”
The article continues, “More than mere words, however,
the corporate story’s strength lies in its ability to align
leaders, drive decision making and mobilize
the organization.”
In this paper, we’ll explore the best practices for
developing and delivering a clear, compelling and
consistent story that can in fact “align leaders, drive
decision making and mobilize the organization.”
A story that is:
> Aligned with your go-to-market strategy
> Anchored in a higher purpose
> Constructed with consistent building blocks
> Packaged, comprehensive and compartmentalized
> Embraced and activated by employees
> Connected throughout the customer experience
> Designed to produce top- and bottom-line
business results
3 Quick Ways Small Teams Can Marry Inbound & ABM to Supercharge GrowthAggregage
Inbound marketing or ABM — which side are you on? Luckily, the era where you have to pick sides is officially over. We’re calling it. In reality, small teams can blend both approaches to unlock major growth and stay ahead of the competition. Join Head of ABM Content, Caroline Van Dyke, as she breaks down the myth that ABM is just for big teams with tons of time and over-the-top budget.
Power Point used by Edge Marketing for a series of Marketing Strategies workshops conducted for the Indiana Small Business Dev. Center (ISBDC). 2009 Disaster relief program for businesses in Flood areas of Indiana.
Nesta creative toolkit_book_4_in_it_for_the_long_haulTẠ MINH TRÃI
Opportunities for young creative practioners and creative entrepreneurs to acquire and broaden first-hand knowledge and skills for the future business initiatives.
In order to support to the growth of the Creative Economy in Vietnam, British Council collaborates with Vietnam Chamber of Commerce and Industry and the Investment & Trade Promotion Centre of Ho Chi Minh City to organize a four-day Training Programme for Creative Entrepreneurs in Hanoi and Ho Chi Minh City. The programme has been successfully implemented in various countries worldwide by the leading innovation organization Nesta from the United Kingdom.
Attending the Training Programme, creative entrepreneurs are defined as young people with creative idea/initiatives who start their business and young creative entrepreneurs trading up to 24 months. They should work in any of creative industries, including advertising, architecture, arts and antiques, crafts, design, designer fashion, film and video, leisure software, music, performing arts, publishing, software and computer services, television and radio.
Percy Emmett, a highly experienced specialist trainer and strategist in all areas of creative and cultural industries from the United Kingdom, will be the trainer in the Programme. With the extensive experience with setting up and running creative businesses building annual income of £1.7m, he is an expert in business development and mentoring from idea to setup, as well as change management covering all aspects of personal and professional skills, business diagnostics, business planning and finance.
During four days, participants have a chance to enroll on four sessions:
1. Listening and Values Modelling
2. Customer profiling & Future Evidence Modelling
3. Financial and Relationship Modelling
4. Drivers, Business as a Promise and Blueprinting
These aims will enable them to explore their idea and its viability and to enhance leadership, business planning, relation building, resources managing, marketing and financial skills.
The Ultimate Guide to Customer Loyalty in 2017Margaret Link
For brick-and-mortar businesses, building true customer loyalty is both an art and a science. At Thanx, we're bringing you the stats, tools, and takeaways to help you capture data that grows business through customer loyalty.
Getting your Why factor right is crucial to sales successSalesRehab Pty Ltd
Simon Sinek puts it well... Most people sell like this.. they tell you what they do, how they do it and never get to Why.... Those that sell with Why first as the great successes...
The 5 Conversations You Need To Be Having With Your CustomersIncept
What do you do when good enough is not enough?
As a customer, you know the feeling. You’re a number, not a relationship anymore. You’re primarily a line item in a database. An average hold time.
Haven’t we lost the most important part of marketing? Creating exceptional relationships with our customers.
2. Introduction
Recurring revenues, customer retention, an ever expanding customer community, a valuable
robust data base and interactions that nurture long-term relationships - all elements of a
successful business - and the essence of a Relationship Marketing Program.
A Relationship Marketing Program will allow you to know who are your best customers,
acknowledge them and engage with them on a 1:1 basis to deliver relevant, personalized offers.
Why a Relationship Marketing Program?
1. New Incremental Recurring Revenues and Profits. New Sources of Funding.
2. A customized, branded Program designed to increase the value of belonging to your
community and to allow you to enhance the likelihood that retain and expand your base
of most valuable consumers.
3. A valuable “Free to Fee” program with an exclusive benefits laden offering for your
community of avid customers that tells them that you value them.
4. A program designed to capture, build and leverage rich, highly valuable customer
data - to develop insights resulting in rich, robust, deeply profiled consumer persona.
5. A multi-sided platform allowing for and inviting a growing community of community
members and third party constituents.
Is it time for you to invest in A RELATIONSHIP MARKETING PROGRAM?
The contents of this ebook will help you determine that. Over the next five chapters,
we will examine the following topics:
Table of Contents
Chapter 1 What is a Relationship Marketing Program? 03
Chapter 2 Signs that you Really Need a RMP 04
Chapter 3 How a RMP creates value & new revenues 10
Chapter 4 How To Launch a RMP – Seven Steps – Three Legs of the stool 13
Chapter 5 Maximizing Results – RMP & ROI 15
Conclusion 16
About Stoneacre2.0 17
STONEACRE 2.0BOSTON • CHARLOTTE
3. 7 SIGNS YOU REALLY NEED A RMP
IS A LARGE COMMUNITY OF CONSUMERS A
KEY PART OF YOUR BUSINESS? ARE YOU MISSING
AN OPPORTUNITY TO ADD SUBSTANTIAL VALUE FOR
YOUR COMMUNITY? CREATE NEW RECURRING
REVENUES? HIGHER ENTERPRISE VALUE?
A RELATIONSHIP MARKETING PROGRAM IS
THE RIGHT SOLUTION FOR YOU.
Businesses typically simply transact with their customers. inherently impersonal. Marketing
$$$ are spent on the larger audience with no personalization. Additional marketing $$$
are then spent trying to re-attract and interact. Too often this approach results in broad,
irrelevant offers which consumers simply don’t welcome or want.
The garden variety “Loyalty” or frequency program might even be in place or you might
have an “email club” where enrollment captured basic recontact data or limited purchase
history. Simplistic proxies for real “loyalty” and “1:1 marketing”. Over time, it is apparent
that “loyalty” is hardly present and that this transaction model and marketing approach is
not delivering ROI nor greater consumer life time value.
Here are some WARNING SIGNS it’s time to change those old ways and start building a
far more valuable relationship with your most avid customers.
1. You see yourself principally as a product or service provider and your profit earned
through transactions.
You believe you are customer focused. You see your business success as delivering on
the expectations of your consumer. You see your revenue stream as earned from high
volume product or service transactions. It is all about generating more transactions.
2. There’s little information about your customers other than email address and
purchase history, if that.
You lack or have limited visibility into who your best customers are or more importantly,
what they care about and want. You aren’t treating your most avid customers differently.
You run the risk that they feel you don’t know them or worse, that you simply don’t care.
The absence of data and personalized insights makes it difficult and expensive to retain
them. There is a costly relationship gap. This gap is only going to widen.
Chapter 1
4. 3. You are in need of new sources of revenues.
Generating recurring, incremental revenue is a goal but consistently elusive.
You find that raising fees or prices has a backlash. You are spending more
time and money and energy on promotions, discounting and defense of the
fallout. You realize that you are driving down the value of your brand equity
and credibility.
4.You see the value of RMP but have a difficult time getting started.
You recognize that a relationship model is better than a transactional model.
You know success in engaging with consumers on a 1:1 basis is critical but
you don’t have the requisite skills, experience, knowledge or technology
to do it effectively and profitably. You believe that there is a large upfront
spending and heavy ongoing development costs.
5. It’s hard to stay in touch on the emerging technologies and platforms.
Your core competency is built around your core business. You are focused
on your core product and service - your core business. The emerging
technologies and platforms that drive multi-channel consumer engagement,
data collection and 1:1 marketing is beyond your organization’s
principal focus.
6. Every customer (or customer segment) is treated the same.
You don’t treat your best customers differently. You haven’t established a
personalized offering. You know that more needs to be done to let them
know that you value them. You send the virtually the same offers and
messages to all your customers even though you intuitively know they are
different.
7. You have too many other priorities and you lack the
expertise to get going.
You know that your team is working flat out. You are overloaded with pri-
orities which keep you from getting started on a RMP Not surprisingly, the
results you seek remain elusive. Disappointment and frustration result - you
feel you are back at square one -You don’t have in-house the requisite RMP
domain expertise.
If any of these apply to you or your team, don’t despair. These are exactly
the issues that a Relationship Marketing Program and Stoneacre2.0 can
address. Next up, let’s take a look at how a RMP can work for your busi-
ness or organization.
5. A RELATIONSHIP MARKETING PROGRAM or a RMP is much
more than a marketing buzzword or a new marketing slogan.
It is not marketing-speak or some abstract marketing term.
It is not just about AGGREGATING CUSTOMER
COMMUNITIES. It is not just 1:1 Marketing or just a LOYALTY
OR AFFINITY marketing program. It is not just a DIRECT
RESPONSE campaign or just WEB, SEO, EMAIL or DIGITAL
marketing. It is not just collecting data or DATA BASE marketing
or having a presence on SOCIAL MEDIA platforms or MOBILE
marketing. It is not just creating a DIRECT PRIVATE CHANNEL.
A RELATIONSHIP MARKETING PROGRAM is ALL of THE
ABOVE and MORE. A RMP is a business strategy to generate
new, incremental and recurring revenues for your business.
A RMP is built on a belief that the core of, and future of, your
business is dependent on the LIFE TIME VALUE of your most
avid customers.
A RMP is the recognition that your most avid customers are
your most profitable customers and that you need to treat them
accordingly. You need to retain and grow this valuable base.
They must be constantly recognized and treated in a fashion they
demand and will value.
A RMP transforms and enhances the value of existing
transactions and interactions into personalized engagements
resulting in more valuable RELATIONSHIPS and greater Life
Time Value. By shifting from a consumer transaction to a
recurring revenue relationship you fundamentally increase the
customer retention opportunity.
WHAT IS A
RELATIONSHIP
MARKETING
PROGRAM?
6. HOW RMP
CREATES VALUE
& NEW REVENUES
You want new, recurring revenue and profit growth. You want retention and more
wallet share. But you are also thinking that want and reality are two different things .
You know that you don’t have all the solutions but can’t afford to sit still”.
The emergence of innovative digital, social and mobile technologies have changed
the rules of business and marketing. Increasingly empowered, consumers have
more options and demand value. They have high standards and limited patience.
They expect you to know, value and reward them. They expect a 1:1 relationship
where you deliver offers they want and value.
BUT any new initiative has to make economic sense. The key questions then are:
What do I do? How do I do it? How do I do it and everything else on my plate ?
How do I invest in a RMP that creates value and delivers an acceptable ROI?
How do I create new, incremental recurring revenues, meet the growing consumer
demand for more value and personalized offers and at the same time I generate
new revenues? The existence of an answer to all these questions seems beyond
reach. But it is not. It is Stoneacre2.0.
The solution is a custom designed “Free to Fee” - Relationship
Marketing Program. The first step is the design. We start with a scan of
existing “assets” -those which may be right in front of you or all around you.
Re-purposed high impact, low or no cost contextual “assets” are one of the
key components of a successful RMP.
Identifying “assets” for your RMP - assets that consumers want and value - re-
quires a skilled view through an experienced lens - a lens that Stoneacre2.0 brings.
We also identify what you may not have - in that case, we bring our “assets” that
works for your RMP.
Chapter 2
“Transactional business models are inherently flawed.
This approach hampers growth. It’s a stupid plan.
A product or service transactional model is not
a great strategy for generating recurring revenue.
It is the relationship that an organization forms
with its consumers to cause continued revenue
growth that drives recurring revenue.”
7. Together, we uncover your “hidden equity” - we identify high
impact, low or no cost “assets’ that are around you, available in
your ecosystem and we bring “assets” that can be re-purposed
or acquired across categories such as content, events and
experiences, special savings & discounts, merchandise, peer-to-
peer community platforms and a basket of other soft “benefits &
privileges” such as status and access - all of which consumers
want, value, create buzz for and will go viral. We create a value ratio
that makes the fee a “no brainer” because of other attributes
such as:
• Exclusivity - a privilege that makes people feel like insiders
and provides status recognition
• Emotional Triggers - assets that evoke emotion and stimuli
that serve as calls-to-action
• Scarcity - a expressed or implied limited availability that
drives high value behaviors
• Real practical value - tangible savings and discounts that
are relevant and justify the fees
In short, your RMP will allow your consumers to feel special, to
enjoy non-buy-able privileges and benefits, to derive real meaningful
value, to derive a higher sense of belonging in your community and
to satisfy their inherent want to socialize and share their opinions,
with peers and provide you valuable data enabling insights and
personalized offers. Your “Free to Fee” RMP is a value proposition
that your avid consumers will pay for because they want all of which
it offers - insider status, priority & access and exclusive benefits
& privileges. Previous impersonal interactions and transactions
become Relationships.
A marketers job is to aggregate consumer communities. To build
and monetize those relationships. To do this, marketers must
engage and talk with consumers through and across multiple
channels and multiple platforms. Social Platforms like Facebook and
Twitter are part of the marketing mix but they are public and those
“likes” and “followers” are owned by those platforms. Facebook and
Twitter sit between you and your consumers.
Relationship Membership
Program -
Community Builder
New Incremental Recurring
Revenue -
Greater Life Time Value
8. Your Relationship Marketing
Program is your direct, private
platform for your 1:1 relationship with
your most valuable consumers.
• Creating a true relationship with consumers is a big challenge for any
business. Consumers are bombarded with messages every where they
turn - online, print, social, broadcast, off-line. Consumers tune out. Too
much noise. A RMP captures consumers and establishes an efficient
private channel - a direct relationship - a path that starts with a first step
of a frictionless offer - a simple free trial . Our “Free to Fee” approach in
the design and implementation makes it easy for the consumer to take
that important first step.
• The custom design of the RMP and the consumer value proposition are
keys to attracting consumers. The execution of smartly implemented
multichannel engagements and calls-to-action followed by skillfully
designed, ongoing engagements serve as key elements in the path-to-
purchase customer acquisition strategy.
• A successful RMP requires an integrated membership management
system enabled by proprietary technologies that works in concert with
proven loyalty, affinity, promotional & direct response marketing tactics.
The right RMP provider understands the intricacies of multi-channel
marketing and brings the critical technologies necessary to a successful
program.
• Social platforms have taken control of your social reach. You built “likes”
and “followers” but constant changes to platform algorithms continue
to reduce your reach to your audience to get you must buy ads on their
platform. Take back your 1:1 relationship through your RMP.
A customized Relationship Marketing Program allows you turn existing consumer transactions and interactions into more valuable
relationships that enable businesses to introduce a new revenue model of recurring membership dues or subscription revenues.
Growing fee or subscription based recurring revenues requires broad marketing knowledge and skills, flexible pricing tactics
such as “free to fee”, an attractive value proposition and proprietary technologies to make it all happen.
9. Who they are - Where they are - What they want.
Data Collection. Better Intelligence.
Data Driven Marketing.
Personalized Offers.
More Value. More Revenue.
More Valuable Long Term Relationships.
Successful Relationship Marketing Programs require
and enable ongoing data collection, the development of
consumer insights and individual persona. To realize those
objectives, it is important to understand ‘the what and the
how’ of getting consumers to share such valuable data and
opinions. This “Know How” is crucial to the success of your
RPM. Creative calls-to-action. Well designed landing pages.
A/B Testing. Free to Fee pricing. Proprietary technologies
and methodologies . All serve as key parts in the design
and execution of a successful RMP program. An RMP
creates high value data assets that open up new avenues
for revenue growth and new value creation but to realize
theis potential, it takes “Know How” -
Stoneacre 2.0 “Know How”.
• Social Data
• Emotional Data
• Purchase Intent
• Purchase History
• Primary Interests
• Secondary Interests
• Demographic Data
• Active Data Collection
• Passive Data Collection
• Location Data
Now that you understand some of the key benefits and
design elements of a customized RMP, let’s move to the
steps in launching your RMP so you can start creating
value, generating new recurring revenues and instituting
RMP best practices
10. The Relationship Revolution
Don’t forget to think mobile first.
The shift to Mobile
As you consider a Relationship Marketing Program, it’s important to remember that the speed of mobile’s
adoption and the role that mobile devices play in the life of today’s consumer is growing twice as fast
as the Internet, three time faster than social media and a staggering ten times faster than
personal computers.
No matter what you are already doing in mobile marketing, your mobile strategy can be
enhanced and your mobile application can leveraged through a customized Relationship Marketing
Program to deliver a greater ROI on your mobile marketing investment. As mobile transforms the
marketplace, let a mobile component of your RMP not only work for your marketing
but transform it.
Mobile Data Collection and Engagement Tools - When considering a Relationship Marketing
Program, the mobile data collection tools and the selection of a mobile data platform is key to
the proper design and execution. Mobile has expanded so rapidly that many businesses are
missing opportunities to capitalize on the capabilities, the features and the
functionality that mobile offers.
A fully integrated Relationship Marketing Program brings mobile capabilities and technologies
that lets you engage with consumers in the right way in a mobile-first world. Our location
based technology lets you connect with consumers where they are near locations
that you specify. We build deep consumer profiles allowing you to send
personalized,1:1 messages and offers.
Relationship Marketing Programs custom designed and executed by
Stoneacre 2.0 incorporate a mobile-first strategy which can make the
difference between a Relationship Marketing Program that merely supports
your transactional business to one that transforms it to a relationship centric model.
11. HOW TO LAUNCH A RMP
PROGRAM - THREE LEGS OF
THE STOOL- DESIGN,
MARKETING & TECHNOLOGY
Launching a successful Relationship Marketing Program isn’t just about
seeing its transformative power and deciding to move forward, as significant
as that is. You also need the right program design, program strategy and
customized marketing and technology plans to be put in place- Here are (7)
seven steps to launching and executing a winning Relationship Marketing
Program that delivers for you:
1. DEFINE YOUR RMP VISION - MAKE IT
STRATEGICALLY SIGNIFICANT
Some people dismiss vision statements as a waste of time, but highly
successful business leaders know the importance of having a clear,
coherent, action-oriented vision that your organization can rally around.
Make your vision both aspirational, inspirational and clear enough that the
entire organization can understand your RMP and get behind it. Your RMP
must be communicated and embraced as strategically significant. Think
Long Term. Level set expectations and time lines. A Project Champion
accountable for RMP success should be designated.
2. SELECT AN EXPERIENCED PROGRAM PROVIDER -
YOUR RMP ARCHITECT AND GENERAL CONTRACTOR
This is not a D-I-Y project. A comprehensive set of blueprints with supporting
product development, marketing and customer acquisition plans feeding an
economic model is what makes your vision start to come to life.
Deciding you want an RMP in of itself is not sufficient - looking internal to
your team to make this happen is asking them to be something outside of
their core competency - like you would with your dream custom home, let
your RMP provider work with you and lead a collaborative, interactive effort
as your architect and builder of your custom RMP.
Chapter 3
Launching a
successful RMP
isn’t just about saying
“I get it” choosing the
right technology, as
significant as that is.
You also need the
right plan in place
from a business
perspective.
12. 3. DEFINE YOUR BUSINESS OBJECTIVES
Business objectives and the economic model are where your RMP vision, blueprint and strategy
begin to align. Your RMP provider will also lead the development of a Statement of Work (SOW)
which will drive the RMP launch schedule. The SOW will detail the work plan, the prioritized
activities and the day-to-day work load. A common mistake when implementing a new RMP is
to fail to effectively communicate to internal stakeholders that customary business as usual will
be challenged.
4. GET YOUR TEAM ON BOARD
Executive sponsorship, participation and ongoing communication is vital for a successful
RMP - your vision, strategy and business objectives. A lack of sustained executive sponsorship
is one of the top contributing factors to RMP failure.
5. DEVELOP A BUSINESS MODEL CANVAS AND ECONOMIC MODEL
Clearly understanding the Business and Economic Model of your RMP and seeing the
potential financial opportunity and business merit serves as key influencer’s in getting and
keeping organizational buy-in and effectively energizing the team. Identifying the potential
new sources of revenues, fully understanding how the RMP will work, seeing how consumers
and other third party constituents will benefit and how proprietary technologies work in
concert, all moves the RMP from a conceptual framework to real organization wide
commitment. “You can’t get excited about what you can’t see” as the saying goes.
6. A MULTI-PHASE EFFORT - THE NEED IS TO PRIORITIZE THE INITIATIVES
Designing , Building and Launching a customized RMP requires a multi-phase effort. It is not
built in a day. At the same time speed to launch is important so you start realizing your ROI.
You need to develop a critical path plan to help decide what’s most important and what can
be delivered first. Designing the Program and building the product offering is the initial priority
along with identifying marketing channels & selecting and sourcing third party partners.
7. LEAN START UP LAUNCH APPROACH - V1.0 - MINIMAL VIABLE PRODUCT -
PROGRAM ROAD-MAP
You shouldn’t look at launching your RMP as the “big bang”. Speed to market in getting V1.0
launched and the consumer marketing underway is the initial goal. A successful launch is only
the start - program enhancements will be constantly made as a ‘network effect’ will take place -
that is as more consumers participate in your RMP, the growth will entice more participation
from third parties who can provide valuable “assets” - benefits and marketing support which
in turn will attract draw even more consumers as the program evolves. Build and improve
upon V1.0 as you learn from market feedback and identify new revenue opportunities as
they emerge.
NOW THAT YOUR RMP IS LIVE AND IN THE MARKETPLACE, IT’S TIME
TO FULLY CAPITALIZE ON NEW WAYS TO MONETIZE YOUR GROWING
AND VALUABLE CONSUMER DATA ASSETS.
LAUNCHING
YOUR RMP
Set yourself up for success by
following a proven comprehensive
approach to launching your RMP.
Take the following steps to hit the
ground running and establish a
foundation for long-term success.
o Define Your Vision-
Declare itStrategically Significant
o Select your RMP Provider
o Define Your Business Objectives
o Get Your Team On Board
o Develop Your RMP Business
Model Canvas
o Multi-Phase effort
o Lean Start Up - V1.0 -
Have a RoadMap
13. Representative
Project Spotlight:
The USA Hockey
Foundation
When The USA Hockey Foundation and USA Hockey, Inc.
the National Governing Body of amateur hockey in the
United States went looking for a program to help them
grow and expand their membership base, generate new
revenues and sources of funds,to create a program for
key third party participation, to create robust data assets
and build upon the excitement of Team USA’s gold medal
pursuit at the Sochi Olympics, they turned to Stoneacre2.0
to help them do it.
With innovative digital, web, social and mobile marketing
technologies, Stoneacre2.0 designed, developed and
launched a customized program, The USA Hockey
Advantage Program - a “Free to Fee” consumer program
appealing to hockey fans at-large and to supporters of
USA Hockey . The consumer offering provided exclusive
members only benefits & privileges ranging from ticket
discounts at select NHL, AHL and NCAA hockey games
to members only savings, deals and discounts to exclusive
behind the scenes, insider access to USA Hockey and third
party content, merchandise and events & experiences.
Stoneacre2.0 provided experienced program design,
product development, multi-channel consumer marketing
strategies and program management along with enabling
proprietary technologies employed in web, social and
mobile platforms.
“Stoneacre2.0 helped us and our highly valued third party
partners realize what our community of hockey fans want and how
we could extend our relationship with them in a way that really matters”
Ron DeGregorio, CEO USA Hockey, Inc
and The USA Hockey Foundation,
The National Governing Body of amateur hockey in the United States
as sanctioned by The United States Olympic Committee
14. MAXIMIZING RESULTS -
IT is RMP & ROI
Here are several best practices to remember when
working to maximize your ROI, from your RPM:
Choose and work with the right RMP Provider -
There are many marketing providers and many different fields of marketing within
the broader discipline of Marketing. The design, development and execution of a
custom RMP requires a diverse knowledge base and broad set of skills - marketing,
design, economics and finance. It is important that you select and work with the
right RMP provider. It is crucial that you select and work with not only a provider
who has deep and broad experience in a variety of a consumer marketing fields -
promotional, brand, mobile, social, digital, loyalty, affinity, direct response, data base
-but one who also has deep understanding of PCI compliance, subscription billing
and how variable payment systems and credit card processing works,. Your provider
must be expert on how cash flow management minimizes program investment and
maximizes ROI. Your provider must have the marketing AND the finance acumen
to design, manage and realize the economic potential of your RMP. You need a
RMP provider who brings the sophistication, expertise and a proven track record
in deploying innovative technologies across various platforms to attract, engage,
convert and monetize your prospects through the revenue funnel.
Approach your RMP not only with an entrepreneur’s zeal but with a manager’s
focus on key performance metrics (KPI’s). The emergence of measurable marketing
technologies allows for a focus on key metrics in a recurring revenue program: cost
per lead (CPL), conversion rates by channel (CRC), customer acquisition cost (CAC),
churn rate, monthly recurring revenue (MRR), average revenue per user (ARPU) and
life time value (LTV).
Invest in channels where the economics makes sense and where you can scale
your RMP profitably. Understand the numbers. Once the program reaches scale,
incremental recurring contributions are significant and realized. Capitalize on New
monetization opportunities that your RMP creates. You will realize your ROI on your
RMP investment if you employ these best practices.
Chapter 4
15. Encourage Third Party Integration - THE NETWORK EFFECT
Make your program more attractive by integrating third party participation. A broad
set of benefits & privileges makes your RMP more relevant to your consumers and
allows you to maximize your ability to attract and encourage program participation.
Let the “NETWORK EFFECT” work for you - the more participants you attract, the
more valuable your RMP becomes to all participants - the “NETWORK EFFECT”
ignites word of mouth marketing and ongoing program & product enhancement.
See your RMP as a Multi-Sided Platform
Your program potential is maximized when you look at the several groups of
customers that it serves. You transform the value and the economic potential of your
RMP when viewed and operated as a multi-sided platform.
Focus on Driving Key Behaviors throughout the Marketing Funnel
In any business, it is critical to generate leads and to identify prospects to drive
more customers and revenues. It is important to approach your marketing and sales
effort with a revenue funnel mid-set. The sales to conversion effort starts with lead
generation - think about what the key behaviors are that you seek as how you look
to nurture and drive those behaviors from the top of marketing funnel through
to conversion.
Develop Content Marketing engagement strategies -
Map to Buyer persona.
A successful long-term RMP employs an ongoing development and use of content
marketing. Consumers do not want to be sold - they want to be informed - attitudes
and behaviors have shifted as consumers have become more empowered through
social media and the explosion of the mobile web. Blogs, white-papers. E-books.
Newsletters. Videos. Content Marketing plays a key role today in any Relationship
Marketing Program. Highly effective . Low cost.
Building Long term “Relationships”
- the importance of data collection -
Develop Buyer persona through Consumer Capture
Succesful RMPs are best served by consumer capture - turning anonymous orcasual
consumers into a highly valuable data base of robust data captured and collected
through active and passive data collection methods enabled by web, social and
mobile technologies. A RMP is an effective platform to connect with consumers
where and when it is most effective and to build long-term relationships that grow
increasingly valuable over time
16. Conclusion
Any successful business should start with a goal of having an ever expanding customer base, a valuable robust data base and a foundation of long-term
customer relationships, To do so, you must have your fingers on the pulse of your customer, you must know who are your best customers and you must
consistently drive highly effective multi-channel engagement strategies. A relationship Management Program allows you derive what successful
businesses want to ensure long-term success:
1. New Incremental Recurring Revenues and Profits.
2. A Program to expand your base of most valuable consumers.
3. A more valuable consumer offering to your most avid customers.
4. A platform to capture, build and leverage highly valuable, deeply profiled customer data - resulting in rich, robust consumer persona.
5. A multi-sided platform that allows for a growing community of members and third party constituents whose participation enhances the
value of the program.
In a world where the most successful companies are customer-focused and data centric, a Relationship Management Program helps you put your most
avid consumer in the middle of your universe. Let Stoneacre2.0 bring your Relationship Marketing Program to life.
STONEACRE 2.0BOSTON • CHARLOTTE
17. STONEACRE 2.0BOSTON • CHARLOTTE
We tap the “hidden equity” in your brand
and your eco-system as we help you :
• Increase profitability of existing customers
• Get more customers
• Extend life time value of your customers
• We move the mix to the top right quadrant
We use offers, incentives and rewards to drive high value behaviors.
We bring data, capture data and develop valuable insights.
We discover up-sell and cross-sell opportunities.
We help you optimize the full
profit potential of your audience.
Our Relationship Marketing Programs
allow you to realize the full profit potential of
your most valuable customers through
a rigorous economic ROI process.
Profit
Potential
Your Most
Valuable
Life Time
Fans
Supporters
& Advocates
Bandwagon
Consumers
Casual
Fans
The Stoneacre 2.0
Quadrant
Low High
Low High
Strength of
Relationship
18. Stoneacre2.0 designing and building
Relationship Marketing Programs
If you believe that the life time value of your customer
relationships is the foundation of your business then
let Stoneacre 2.0 help you build that foundation.
Stoneacre2.0 is your Relationship Marketing Program Architect and
General Contractor.
We design, develop and manage customized branded,
Relationship Marketing Programs that:
• Generate new, incremental recurring revenue streams for you.
• Enhance the value for your consumer in belonging to your community.
• Build & expand your community of most valuable community members.
• Enhance the life time value of your community members.
• Create a direct, private channel for you with your community.
• Allow you to collect and build highly valuable data assets.
• Build rich, deeply profiled persona of your most avid community members.
• Establish a foundation for all your relationship marketing initiatives.
• Create a platform that attracts and delivers value to key third party partners.
Contact us:
www.stoneacreaffinity.com
RMP@stoneacreaffinity.com
STONEACRE 2.0BOSTON • CHARLOTTE