how sdl helps power a retailers customer journey
DESCRIPTION
Presentation given at Internet Retailing Customer Journey Research Briefing on 11th June 2013. The presentation explains how @SDL_CMA can help retailers improve the customer journey of their customers. By using a combination of data, technology and expertise, retailers can deliver improvements to ROI. A video of the presentation can also be found on the Internet Retailing you tube channel at http://www.youtube.com/watch?v=PpJJ7qinGecTRANSCRIPT
SDL Proprietary and Confidential
Roger Luxton, Industry Marketing Director, SDL
Internet Retailing Research Programme:
How SDL helps power a retailers customer journey
2
Agenda
• Thoughts on Findings
• The Customer Journey
• Powering the Customer Journey
• Real Life Success stories
3
Thoughts on Findings
3
“23% - have a single customer
view”
“38% - don’t personalise offer at all”
“53% disjointed depts, can’t link my customer journey
effectively
Another 19% lots of data
don’t know how to use it”
Data Technology Retail Expertise
Journey?51% - It’s every step vs
34% - lifelong interaction
The Customer Journey
4
Items delivered no returns
Added items to basket
Click through to website
Emailed offer to prospects
Removed 2 & purchased 2
Can we improve tactics withData + Technology + Retail Expertise
Targeting
Personalise
Listen &re-use
Next Best
Recommend
Best channel
5
The Customer Journey
Lapsed Customer
Best Customer
Decrease Spend
Increase Spend
One Purchase
Prospect
Can we improve strategy withData + Technology + Retail Expertise
Best Offers2nd purchase
Reactivate
Develop
Acquisition
6
Powering the Customer Journey
Data + Technology + Retail Expertise
Data
All your data in one place and available
to use
Technology
The right tools to know
your customers and act on
this info
Expertise
Knowing the questions to ask and the
activities that work
7
Powering the Customer Journey - Data
Single Customer View
Data
All your data in
one place and
available to use
Powering the Customer Journey - Technology
Technology
Marketing Friendly
Linking analysis with action
Focused on productivity and
results
Powering the Customer Journey – Retail Expertise
Retail Expertise
Questions you want answered and campaigns you need
40+ template dashboards, models, analysis and campaigns available.
Best Practice documents
10
Powering the Customer Journey – Retail Expertise
10
Are we acquiring the right people?
Do we have a single purchase
issue?
Who is at risk?
How many of these are worth
reactivating?
How important are your best customers?
What influences changes?
Which channels are working?How frequently
are they buying?
What customers buy
certain products together?
11
Powering the Customer Journey – Getting the 2nd purchase
12
Powering the Customer Journey – Getting the 2nd purchase
What is the best product to offer each customer?
13
Powering the Customer Journey – Getting the 2nd purchase
14
Real Life Success
“Since implementing the SDL solution, the most recent 200 eDM campaigns delivered an ROI of 2,200%”
“Our SDL platform increases analyst efficiency over 3x faster”
“drastically reduced production times for eDM from 24 hours to less than 2 hours.”
15
Real Life Success
“ROI of all campaigns was$6.05 returned for every marketing dollar invested.”
“Over 2 million pieces of individualized content sent. All exceeded business case and previous records.”
“The SDL solution handles 5 billiontransactions and 2 million customer records.”
“Marketing team reduced campaign analysis and list-pulling three-fold.”
“300 plus campaigns since launch, consistently achieving positive ROMI.”
16
Three Final Thoughts
• Think Strategically and Tactically about the Customer Journey
• Use the right data, right technology and retail expertise to support you
• If you get it right, can deliver quick payback
Why not kick start with an SDL ‘Customer Journey’ Workshop
www.sdl.com/imswww.sdl.com/retail
Copy of presentation:[email protected] leave business card/your name afterwards