marketing personalizationCustomer Analytics allows you to learn all your Customer Needs!

You’ve got big data. Now the big question is, what do you do with it? With the help of customer analytics, you can turn your data into something useful and transform it into a prime marketing tool. The result is an enhanced customer experience with data driven, hyper-personalized communications.

In today’s world, customers have set the bar high and you need to meet their demands and expectations. Marketing campaigns need to be turbo charged with personalized content, information and products. You’ve only got a few seconds to make a great first impression. It’s important to make that opportunity count.

How does all of this come together to cultivate offers and products for a successful marketing campaign? By combining purchases, social media conversations, real time behaviors, customer insights, lifestyles, listening to what you’re customer is doing, etc.  Behavioral data will assist you in identifying unique segments obtained through customer analytics.

With Nectar Suite you can use the results immediately for targeted marketing campaigns and your customer analytics will stay updated so you can deploy this in real time.  This may include featured deals, products recommended for you, hot offers right now and promotional offers.

You can request a demo through our website to see how Nectar’s products can best serve your needs.

 

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Amazon…You’re Doing It Right

amazon shopping

Amazon excels in the area of marketing personalization.  They’ve mastered the art of creating a hyper personalized shopping experience for their customers saving them both time and money. With the data to back it up, they’ve created 360 degree customer profiles. This allows Amazon to connect the customer dots and divide their customers into discerning groups to prevent generic mass emailing. Personalized marketing emails are created based on segmented data that includes social data, website activity, browsing history, areas of interest, past purchase history, etc.

How can Amazon attribute marketing personalization to their success?

1.  Paying attention to big data.  Think about a moment when you’ve had to purchase a gift for someone. Naturally, you put some thought into this. During that thought process, you gather up relevant information about this person. Who is this person? What do they like? What do they enjoy doing? What are their interests?  With that 360 degree view, you’re able to come up with a few gift ideas suitable for that one person.  The same concept applies to marketing personalization and how Amazon uses that to target customers. They integrate social data, customer purchases, browsing history, customer lifecycles, and rich customer profiles to create hyper-personalized communications. Within these communications are offers, products and content that targets each individual customer’s needs and interests.

2.  Hyper-Personalized communications at just the right time.  Once this information is gathered, Amazon uses it to disperse real time communications to their customers that is personable, friendly, and addresses their needs.  Let’s say Jill W. got a new puppy 2 weeks ago.  Amazon determined this through gathering social information, traditional personaization data, and browsing history.  By combining all of this information via marketing personalization, Amazon sends Jill an email with a variety of offers and products that she may need like puppy pads, puppy food, dog beds and pet toys. When Jill purchases a couple of these items, another real time email is sent suggesting other items that may interest her based on recent purchases.

3. Recognizing the little extras drive big results. Through marketing personalization and big data, Amazon targets their customers by throwing in a few of those “little extras.” A few days before the first of the month, Amazon sent Jill and email with a slew of October deals and coupons for puppy supplies. Another little extra is the email they sent Jill letting her know Criminal Minds: Season 8 was now available for purchase.  Over the past couple of years she had purchased seasons 1-7.  Amazon has also determined that Jill is a bargain shopper and will send her emails with deep discounts on products based on her browsing and purchase history. These little extras make a big different and can boost your revenue and sales.

Can your company acquire the same marketing personalization as Amazon?  The answer is yes!  With Nectar Software Products, you can increase revenue and customer engagement by connecting customer dots and creating a thorough 360 degree customer profiles.  Unlock marketing personalization and big data’s full potential by connecting customer data, gaining social insights, hyper-personalizing communications and increasing social media ROI. You can this this quickly and cost-effectively.

Check out Nectar Solutions to find out how!

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Scattered within the do’s of Marketing Personalization are some don’ts…

 

marketing personalizationWhether you’re the owner of a small business or a lucrative company, there’s a need to get personal with your customers.    Personalization is rendered when information is gathered through various social streams, email, mobile, CRM, transactions, etc. This melting pot creates a 360 customer profile so you can deliver personalized, up to date and accurate relevant content to your customers.

There’s an abundance of “how to’s” in the world of marketing personalization. You’ll find tips and advice on just about everything from the varying levels of personalization & segmentation to the challenges of improving relevancy through data.  What about the don’ts? Are there practices you should avoid when diving into marketing personalization?

 

Yes.

1.  Don’t get too personal unless you’ve got the data to back it up.  Getting to know someone personally takes time.  The same holds true with your customers. You’re not going to establish a 360 profile in 15 minutes.  Collecting valuable data is crucial when incorporating personalization into your marketing strategy.  When there’s not enough data to back it up, you risk delivering information, featured deals, products of interest, promotional offers, etc that are vague and generic.

2.  Don’t be creepy about it.  Suggesting products to your customers based on their browsing and shopping history has a world of benefits. A 360 view of your customer goes a long way however, you don’t want to cross the “getting too personal” line.  For example, your data tells you that Mrs. Jones is expecting and she has recently browsed baby items and made several purchases.  Recommending additional items in a “based on your previous purchases, may we suggest” tone is perfectly acceptable. Sending a quip mentioning the amount of time Mrs. Jones spent browsing nursing bras and commenting on her baby bump “selfie” profile picture…creepy.

3.  Don’t suffer from mediocrity.  On average, about 70% of marketing emails lack personalization on a multitude of levels. Names are misspelled, the content is inconsequential, and the offers hold very little, if any, interest to your customer. If you’re going to embark on marketing personalization, do it right. Make an impact. You’ve got the data so leverage it.  Give your customers a reason to open and read the email. Let them know you’re paying attention to them.

4.  Don’t drag it out. If your customer base is online shoppers looking to score a great deal, grab their attention with the subject line.  Once you have their attention, get to the point. You’ll lure your customers with personalized sales, deals and coupons. Add a few time sensitive “80% off today only” highlights. Don’t dilute the relevancy with bloat and useless fillers. More than likely, your customers care very little about ribbed cuffs and double stitching. Their eyes are feasting on the 80% off discount.

5.  Don’t lose sight of important details.  You can have the most up to date personalized data on each and every customer however, it’s often the small details that can make or break the deployment and customer response.  Avoid these mishaps by safeguarding your form fields, running reports to ensure your data isn’t blighted with errors and checking to see if defaults are set accurately.

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The most recent retail sales figures from February surprised most people. Everyone expected a modest increase because of the expiration of the payroll tax holiday. But, WHOA, they were much better than the future prognosticators’ expectations. And the biggest winner? Amazon, eCommerce. Everything from a-z indeed.

Slate magazine said it best in their tweet: “Retail sales were up in February as Amazon just KILLED department stores.” According to Slate, general merchandisers (including department stores) saw sales declines of 4% while Amazon eCommerce saw 14% sales increases.

So now the question is why?  Why is Amazon eCommerce doing so well while similar brick-and-mortar stores aren’t? Let’s look at what Amazon does well:

  • They have a vast assortment, yet it’s relatively easy to find what you want in a very short amount of time.
  • You get your order when Amazon says you will and in the condition they say.
  • They offer adjunct services to keep you in the Amazon family (and website), like Prime, which not only gives you free shipping but lets you watch shows for free.
  • They allow you to shop on amazon on every device imaginable.
  • Customer service responds to your questions or concerns very quickly.
  • Returns are simple.

In other words, Amazon eCommerce makes the shopping experience easy, consistent and pleasurable.

But other department stores with online stores do this too, right?  Many of them do.

And many argued vociferously, as recently as a few months ago, that the reason Amazon was winning was because of the price advantage related to not having to charge taxes.  Well, guess what?  Amazon has started charging sales taxes and they’re STILL winning.

Could it be that not only do they make it easy, consistent and pleasurable, but they connect with us, the customers, because they seem to KNOW us?  How often have you gone to Amazon.com to browse for one thing and ended up buying more than you expected?  I have. Lots. And I contend that it’s because they always seem to know what I need (okay, it’s want). Regardless, I always buy more than I probably should because I like what Amazon recommends for me.  I like how they personalize my shopping experience.

Well, here at Nectar, not only can we personalize your company’s shopping experience, we can hyper-personalize it!  Want to learn more?  It’s easy. Contact us for a demo!

Want to learn more or just shoot the breeze about hyper-personalization?  Contact me at patricia@nectarom.com.

Patricia Blair

VP Marketing, Nectar Online Media

 

Want more startup and social media info? Follow Nectar Online Media on Facebook & Twitter!

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Kellogg Alumni Club 2013

The ability to go back to your alma mater and inspire current students with your success is what many entrepreneurs dream of! Our CEO Amrit Kirpalani was able to do just that a few weeks ago at the Kellogg Alumni Club of DFW Career and Leadership Symposium! The event’s theme was ‘The Entrepreneurial Formula – What is the secret to starting a company in the DFW Market’, which is something that our CEO knows well. The day was broken down into introductions, views, and questions for the esteemed panel, which included the CEO of UStream.tv and KeyRing. All the panel members discussed the best places to incubate a new business, what the DFW Market looks like, and how to know if your company is successful. It was a great success for current and past Kellogg School of Management students alike!

Are any of you members of the Kellogg Alumni Club of DFW?

Want more startup and social media info? Follow Nectar Online Media on Facebook & Twitter!

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DFW Retail Executives Association

On February 19th, the DFW Retail Executives Association held a member appreciation wine tasting and a special presentation on the latest trends in social media! The event was FREE to members and only $10 to non-members, so it was a great way to get involved with the local Dallas retail scene. Immediately following the generous and delicious wine tasting, our CEO Amrit Kirpalani gave a 15-minute overview of our recently completed, first-of-its-kind Social Media Study, which we conducted in partnership with the Social Media Club. He shared what over 400 executive-level survey participants had to say about how their organizations are using social media, what type of investments they’re making in the channel and their thoughts on social media ROI! To get all of that information for yourself, download your own FREE copy of our research!

Are any of you members of the DFW Retail Executives Association?

Want more startup and social media info? Follow Nectar Online Media on Facebook & Twitter!

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Here at Nectar Online Media, we love participating in anything that could foster the growth of our social commerce industry! Last week, we were invited to sit on the UNT Career Center Employer Panel, involving a presentation on job search strategies. Hosted by the University of North Texas, it was aimed at students who are looking towards graduation and the job search they will have to endure until then. The event included time for introductions, Q&A and networking with other Dallas professionals, as we shared with them Nectar Online Media’s predictive social commerce platform that enables email campaign personalization. In addition to this panel, our CEO and Founder Amrit Kirpalani has been asked to join the UNT Career Center Advisory Board, so we look forward to participating in more events with the university.

Want more startup and social media info? Follow Nectar Online Media on Facebook & Twitter!

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We are always on board for conferences that emphasize the importance of predictive analysis techniques for business decision-making processes. On November 12-13, the Gateway Analytics Network hosted the Business Analytics & Insights 2012 Conference, with four main tracks: Predictive Analytics & Insights, FP&A, Marketing Analytics & Insights, and Human Capital Analytics. This 4-in-1 event aimed to give attendees the opportunity to learn about the track that most interested them. Nectar Online Media’s topic was within the Predictive Analytics Track and was titled “Predictive Social Commerce: Driving Real Revenue through Social Media”. We were in great company, as other companies presenting included Coca Cola, InterContinental Hotels Group, at&t, Home Depot, and Georgia-Pacific. We look forward to future Gateway Business Analytics & Insights conferences!

Want more startup and social media info? Follow Nectar Online Media on FacebookTwitter!

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We are so proud to be a part of the Dallas startup culture, as it is a great group of entrepreneurs and growing companies. After startups were invited to submit applications for consideration, last week Nectar Online Media was chosen to host a table at the DFW TeXchange Member Showcase 2012, celebrating the local startup community. Nectar team members talked with event participants about Nectar Online Media’s predictive social commerce platform that enables email campaign personalization. In addition, we showed off our social media analytics features! At this event, we were able to preview the innovation going on around us, and we were thoroughly honored to be a part of Dallas’ premier technology networking association. We look forward to taking part in future TeXchange events, in and around Dallas!

Want more startup and social media info? Follow Nectar Online Media on Facebook & Twitter!

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We are pleased to announce that, in partnership with the Social Media Club, Nectar has launched a first of its kind Social Media Study. We are aiming to highlight key best practices, opportunities, and the current state of social media investments for small, medium, and large businesses across a range of social platforms. While all companies utilize social media in different ways, it is often hard to read and understand the return on investment for such endeavors, something we hope to correct with this study.

We are now accepting responses at: https://www.research.net/s/Nectar_Social_Media_Study

Be sure to complete and share with your networks!

For any questions or clarifications, please write to Amrit Kirpalani at socialstudy@nectarom.com and mention the #socialmediastudy on Twitter.

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