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How to drive engagement and revenue growth through understanding behaviors Sebastian Hoelzl Director Marketing Strategy EMEA

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Sebastian Hoelzl from Silverpop on the Omnichannel Marketing Seminar by Faces of Content

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Page 1: Silverpop final   brussels faces of content

How to drive engagement and revenue growth through understanding behaviorsSebastian HoelzlDirector Marketing Strategy EMEA

Page 2: Silverpop final   brussels faces of content

What do companies want to achieve?1. Customer retention and relationship building

Sustainability

2. Increase sales Revenue

3. Fast customer service Customer Satisfaction

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31 2

How to build a healthy customer relationship

1. ENGAGEMENT 2. LOYALTY 3. INCREASE ROR

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The classic 1to1 campaign: eMail

$

$

$

Conversion

Succ

ess

A

B

C

Segment

Co

nta

ct

Da

tab

as

e20%

18%

21%

Openrate

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Classic Campaign Value Added

Sequential Campaigning

$

?

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$

$$

Conversion

Mul

tipu

rcha

se

Agile campaigning

60%

Open

ABCDEFGHI

Hints,Content,

Offers

Clie

nt

Da

tab

as

e w

ith

ind

ivid

ual

b

ehav

iou

ral

pro

file

s

Database

$Send out through key behaviors or behavior chains

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Customer Database Evaluation

Customer Database: 100 Customer

$ 1.000Customer Lifetime Value

$ 100

15%

20%

10%

15%

5%

10%

5% 5%

10%

5%

$ 4.000 $ 3.000 $ 6.000 $ 2.500 $ 6.000 $ 3.500 $ 4.000 $ 9.000 $ 5.000$ 1.500Realised $ 55.500

$ 16.000 $ 7.000 $ 9.000 $ 2.500 $ 4.000 $ 1.500 $ 1.000 $ 1.000 $ 0$ 13.500Potential $ 44.500

Page 8: Silverpop final   brussels faces of content
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Three levels of campaigning

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Campaign types

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Extending the Customer Lifecycle

Customer Value

$ 500$ 250

$ 750$ 375

Individual Customer Journey – Behavioral influenced topics to create customer retention

Story Milestones – Lead story creating the brand experience

ACampaign

ACampaign

BCampaign

BCampaign

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So let’s take a peekat best practices …

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Revenue Growth and Customer LoyaltyBest Customer and Post-Purchase Care

CASE: evo

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1 Storefront (soon 2!) plus evo.com

evo

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Evo.com Stocks a Wide Variety of Brands

evo

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CLV is significantly higher for Repeat Buyers, especially 9+ purchases

Focus on Customer Lifetime Value

evo

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A “BEST CUSTOMER” program

evo

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Best Customers: R1F1M1

evo

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Triggered 7 days after a frequent customer has spent a grand total of $650 in their lifetime.

Best Customers: R1F1M1

evo

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Woohoo! Because we’re so thankful you chose to shop with us we’d like to offer you this code good for $50 off your next purchase. It’s as good as it sounds – 50 free dollars good toward ANY order over $50 on evo.com.

How it works: Enter your code in the “Enter Coupon Code” spot in the cart before checkout and we’ll automatically deduct $50 from your order.

Here is your code: %%50 Dollar Code%%

We appreciate you shopping with us and hope to see you again soon!

With love, evo

Woohoo! Because we’re so thankful you chose to shop with us we’d like to offer you this code good for $50 off your next purchase. It’s as good as it sounds – 50 free dollars good toward ANY order over $50 on evo.com.

How it works: Enter your code in the “Enter Coupon Code” spot in the cart before checkout and we’ll automatically deduct $50 from your order. Here is your code: %%50 Dollar Code%%

We appreciate you shopping with us and hope to see you again soon!

With love, evo

evo

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A “POST PURCHASE” program

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22

57% Open rate26% CTR45% CTOR

evo

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Revenue GrowthBrowse Abandonment & Retargeting

Case: UncommonGoods

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Browse, Form, Process – Sniffing Around

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Browse Abandonment: Expressing Interest

Sent

Delivered

Opened

Clicked

Product Views

Cart Additions

Checkouts

Orders

Revenue

UnitsUncommonGoods

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Browse & Process Abandonment• High volume• Lower conversion

{

Abandon Basket• Low volume• High conversion

{

Re-marketing for Fun & Profit!

UncommonGoods

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From the ‘For Him’ Section

UncommonGoods

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Visitor Dropped Into Automated Program

UncommonGoods

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2.2% conv. rate vs 1.6% for Broadcast emails

And Served Specific Content

UncommonGoods

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UncommonGoods now has eight browse remarketing emails

And It Works So Well…

UncommonGoods

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And The Monthly Numbers…Program Open Rate Conversion Rate Number of Emails

Broadcast 18.1% 1.6% 20,400,000

Purchase Confirm -- 2.4% 398,000

Welcome 34.4% 1.4% 149,000

Browse Abandon 41.8% 2.2% 90,000

Basket Abandon 27.9% 23.1% 11,500

SKU Notify -- 23.9% 8,000

UncommonGoods

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The how to do it summary:

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1) Define Projects and Priorities2) Win your Sponsors3) Integrate Multiple Solutions4) Measure Success

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Don’t freak out … you can do this!

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Thank you!

Sebastian Hoelzl

@SebastianHoelzl