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Using email to get relevant and to get incremental revenue Paul Crabtree Director, Velo// [email_address] 30-31 st  October 2007 [Delivered at eCommerce Expo] How pioneering eCommerce companies use  targeting  and  relevant content  to drive additional revenue from their audiences
Agenda: ,[object Object],[object Object],[object Object],“ The right message, to the right people, at the right time!  “
Industry Research tells us it works Source: “The ROI of E-mail Relevance” Report M E S S A G E ,[object Object],[object Object],Use personalisation and you are  40%  more likely to have an average conversion rate of more than  3% ,[object Object],[object Object],[object Object]
Industry Research tells us it works ,[object Object],[object Object],Source: “The ROI of E-mail Relevance” Report T A R GE T I NG Targeted approach achieves  9 times  the response 60%  of consumers who made immediate purchases from email did so it contained products they were already considering.
Industry Research tells us it works Source:  “The ROI of E-mail Relevance” Report Combine the factors for significant up lift!
The Sales Funnel shows it works … .  With this, you can forecast impact on your marketing for example….. ,[object Object],[object Object],[object Object],[object Object],Delivered Opened Clicked Converted The Sales Funnel This information can be supplied by your email partner
Sales Funnel shows it works Source: Adestra
Caveat In this presentation, we will address the bottom half of the funnel BUT don’t forget delivered  Delivered Opened Clicked Converted The Sales Funnel This information can be supplied by your email partner
Email Marketing MESSAGE M ESSAGE
Is this the extent of your targeting? Simple targeting models based on  demographics  or  events  in the calendar? M ESSAGE
Is this the extent of your targeting? And just using personalisation to address to someone  M ESSAGE
… All underpinned by simple data capture? M ESSAGE
… . This is tip of the iceberg  ,[object Object],[object Object],[object Object],[object Object],Your available data set More data = more triggers and more relevant communications! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Accountancy Systems Marketing Database Web site Product Catalogue Web Analytics Provider Email Service Provider
Email Marketing M ESSAGE ,[object Object],[object Object],[object Object],[object Object]
Making them work harder: using conditional content ,[object Object],M ESSAGE
[object Object],[object Object],[object Object],[object Object],More information :  http://www.broadsystem.com/casestudies/ourclients_timesemail.htm SOLUTIONS: Cleaning strategies SOLUTION:  The TIMES PREVIEW Content based on age, sex and location THEN Content further refined based on recipient interests  M ESSAGE
[object Object],[object Object],[object Object],More information :  http://www.broadsystem.com/casestudies/ourclients_timesemail.htm SOLUTIONS: Cleaning strategies M ESSAGE Encouraging recipients to clean their data in return for more relevant communications can be self perpetuating
Email Marketing TARGETING T A R G E T I N G
When do you send? T A R G E T I N G We send when we want, not when they want Emails every Friday…. Emails on a Thursday…. Emails at the start of the month….
What governs when to send at the moment? We send when we want, not when they want
To…. Self Selecting Programs Recipient Action EMAIL ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Company Action T A R G E T I N G Your targets become self selecting!
Welcome back! “How was it for you?” Self Selecting Program: Post Purchase Follow up T A R G E T I N G
Cross sell in customer service T A R G E T I N G
Abandon Basket Program T A R G E T I N G Segmentation: All contacts who targeted everyone who had abandoned their basket over a 3-day period. Message: Personal letter style with no images bar the company logo to differentiate from normal marketing.  No offer, just reminded them that products were in basket
Once set up, only tinkering! One a program is created, no need for ongoing campaign production apart from refinement! Refinement Reporting Sending Optimisation Data Design Planning Refinement Reporting Sending Optimisation Data Design Planning
Email 2 - Extra incentive Week 1 Resend (?) Email send Email 3 -  Extra incentive  Offer ending Non open Unsubs Open, click,  subscribe Open, click,  subscribe Open, click,  subscribe Unsubs Non open Week 2 Week 3 Week 4 Telesales(?) DM(?) Email 5 - Survey Open/Click Abandoned subscribe Open/Click Abandoned subscribe Email 4 - Loyalty This model can even apply to simple newsletter programs T A R G E T I N G
First step: Is there an opportunity between sends?
What we’ve covered ,[object Object],[object Object],[object Object]

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Using email to get relevant and to get incremental revenue by www velomarketing co_uk

  • 1. Using email to get relevant and to get incremental revenue Paul Crabtree Director, Velo// [email_address] 30-31 st October 2007 [Delivered at eCommerce Expo] How pioneering eCommerce companies use targeting and relevant content to drive additional revenue from their audiences
  • 2.
  • 3.
  • 4.
  • 5. Industry Research tells us it works Source: “The ROI of E-mail Relevance” Report Combine the factors for significant up lift!
  • 6.
  • 7. Sales Funnel shows it works Source: Adestra
  • 8. Caveat In this presentation, we will address the bottom half of the funnel BUT don’t forget delivered Delivered Opened Clicked Converted The Sales Funnel This information can be supplied by your email partner
  • 10. Is this the extent of your targeting? Simple targeting models based on demographics or events in the calendar? M ESSAGE
  • 11. Is this the extent of your targeting? And just using personalisation to address to someone M ESSAGE
  • 12. … All underpinned by simple data capture? M ESSAGE
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18. Email Marketing TARGETING T A R G E T I N G
  • 19. When do you send? T A R G E T I N G We send when we want, not when they want Emails every Friday…. Emails on a Thursday…. Emails at the start of the month….
  • 20. What governs when to send at the moment? We send when we want, not when they want
  • 21.
  • 22. Welcome back! “How was it for you?” Self Selecting Program: Post Purchase Follow up T A R G E T I N G
  • 23. Cross sell in customer service T A R G E T I N G
  • 24. Abandon Basket Program T A R G E T I N G Segmentation: All contacts who targeted everyone who had abandoned their basket over a 3-day period. Message: Personal letter style with no images bar the company logo to differentiate from normal marketing. No offer, just reminded them that products were in basket
  • 25. Once set up, only tinkering! One a program is created, no need for ongoing campaign production apart from refinement! Refinement Reporting Sending Optimisation Data Design Planning Refinement Reporting Sending Optimisation Data Design Planning
  • 26. Email 2 - Extra incentive Week 1 Resend (?) Email send Email 3 - Extra incentive Offer ending Non open Unsubs Open, click, subscribe Open, click, subscribe Open, click, subscribe Unsubs Non open Week 2 Week 3 Week 4 Telesales(?) DM(?) Email 5 - Survey Open/Click Abandoned subscribe Open/Click Abandoned subscribe Email 4 - Loyalty This model can even apply to simple newsletter programs T A R G E T I N G
  • 27. First step: Is there an opportunity between sends?
  • 28.

Editor's Notes

  1. Email campaign dashboard – low value, high volume version List size range is 0 – 1 million Default size is 200,000 Basket value range is £0 to £500 Default value is £100. Total revenue range is £0 to £100,000 If you need a version with different ranges and/or starting figures, please let me know. We can create bespoke versions for clients if needed, please let me know. This can be used standalone, you just need to run the Flash file (emaildashboard_lowbasket.swf)