how to acquire profitable customers quickly tfm&a 2014
DESCRIPTION
TFMA 2014 IDM presentation on best practice approach to acquiring profitable customers. Using modern direct marketing methods, Tips on research, testing, tools and more resources for practical helpTRANSCRIPT
How to Acquire Profitable Customers Quickly
Modern Methods for Modern Direct Marketers
Shane Redding
A little bit about me
• IDM senior tutor and hon. Fellow• Consultant: www.ThinkDirect.biz • Love learning!
@shanerddng
Acquisition
• Getting new customers STILL the number 1 priority for marketers today*
• Paid media is still the most popular tool for acquisition, but “earned” or word of mouth (WOM) making big inroads
• Marketing budgets increasing as confidence returns
*Source: econsultancy Marketing Budgets Report 2014
*source: econsultancy Marketing Budgets Report 2014
So what?
• Planning for profit• Insight• Testing• Tools• Top tips• And where next?
Planning for profit
• Are you doing this?• Don’t just do what you’ve always done!• Adopt “team sky” approach• For really quick wins – planning is where you
need to spend the time!• So start with your existing customers, who is
making you money and who is not?
Insight
What are your customers doing and what are they saying?•Market research (what do they like?)
General www.trendwatching.com
Specific very fast research www.fastmap.com
•Database analysis (who and where are they?)•Campaign insight (what’s working)•Inbound “touchpoint analysis” from f2f sales to web
Campaign touch point analysis
Using inbound marketing automation (Hubspot) allows tracking by all
media
Campaign response by device
Testing
A forgotten art?
Where you take a control sample and test against it. Or do a split test (A/B)* •Great direct marketers test•They test the BIG things (DATA, media, copy, offer)•They allow 20% of their marketing budget for testing•They keep testing!
*http://www.dmnews.com/how-to-do-direct-marketing-testing/article/98111/
Tools
• Do marketers suffer with ADOS?
@skemmo describes "Attention Deficit ... Ooh Shiny! http://bit.ly/1iRrz7m • Focus! • What’s broken?• Integrate
Some quick wins
• B2B – use tools such as www.leadforensics to identify hot sales leads from your website
• H2H – integrate old methods (direct mail) with new tools:
www.hellomarket.co.uk
www.mytouchpoint.co.uk/tfma2014
Select prospect data
www.mytouchpoint.co.uk/tfma2014
Upload creative
www.mytouchpoint.co.uk/tfma2014
Choose templates and despatch
www.mytouchpoint.co.uk/tfma2014
Doing a lot with a little
It works!
Social WOM
Top Tips
• For PROFITABLE acquisition
“chase the winners”• Think SMART• Copy the best• Resource poor – recruit placement student or
apprentice www.apprenticeships.org.uk• Invest in yourself and your team – build
“T”alent and skill up
Where next?
• IDM courses and qualifications – full day on 17th March on Acquisition www.theidm.co/acq2
• www.marketingsherpa.com• www.fastcocreate.com • www.Cyance.com b2b case studies and
benchmark your data http://hub.am/1gdQlMs
and follow #idmb2btt
thank you