mastering customer journey with reactivation

17
Mastering customer journey with reactivation Andrej Makovicky, Project Manager @ Jozo Kovac, Co-Founder & CPO @

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Page 1: Mastering customer journey with reactivation

Mastering customer journey with reactivation

Andrej Makovicky, Project Manager @Jozo Kovac, Co-Founder & CPO @

Page 2: Mastering customer journey with reactivation

Jozo Kovac Co-Founder & CPO

Andrej Makovicky Project Manager

Page 3: Mastering customer journey with reactivation

78% of executives at ITB Berlin considered reactivation as the key challenge

We will show you 3 strategies helping Skypicker master it

Page 4: Mastering customer journey with reactivation

What is reactivation?

RetentionWin-back Churn prevention

Related terms:

Ability to make your existing customer base book a trip with your firm again

Page 5: Mastering customer journey with reactivation

Reactivation: Quick wins easily available, advanced methods yield

better results

Large-scale reactivation campaign on at-risk customers, e.g. discount vouchers, promo codes

Simple email reminder following abandoned booking

Specific campaigns targeted on micro segments

21 3IntermediateBasic Expert

Page 6: Mastering customer journey with reactivation

Use appropriate channels for each step of the journey, focus on what matters

the most

DESIRE RESEARCH COMPARE DECIDE PURCHAS

E

EXPERIENCE REVIEW

Content marketing SEO Content

marketing Remarketing Personalized banners

Remarketing

Customer journey in travel

REACTIVATIONACQUISITION

Page 7: Mastering customer journey with reactivation

Search & Choose

Page 8: Mastering customer journey with reactivation

Complete & Pay

Page 9: Mastering customer journey with reactivation

Model customer journey in a real-time dashboard – this is how they can look in

Exponea

Page 10: Mastering customer journey with reactivation

Funnels – practical tool for measuring customer journey and identifying

bottlenecks

Select BookingView trip

ths

63,6% passengers

leave

Page 11: Mastering customer journey with reactivation

Abandoned booking reactivation can bring back 25% of lost customers

Reactivation by simple

email

Select BookingView trip

ths

63,6% passengers

leave

Page 12: Mastering customer journey with reactivation

• Match campaign cost and LTV• Use retargeting & custom

audiences for high-spenders• Adjust value and timing to

match your situation

Simple mass email campaign on all churned can get you up to 5%

conversion

5% 7% 11%

11% 15%

18%12%

8%

13%

Recency (months)

At-risk

300+

100 ~300

100-Mon

etiza

tion

(€)

<3 3-6 6<

Page 13: Mastering customer journey with reactivation

A/B test and iterate to find patterns and

reach industry optimum

More complex scenario

This is a real AB test: we test timing (30, 60, 120 min) and then 3 variants of reactivation email.

Page 14: Mastering customer journey with reactivation

Identify the most important drivers behind customer behavior to create

segments

• Cost sensitive• <4 trips/year• 4mths in advance

• Low cost sensitivity

• 6+ trips/year• Mon-Fri, no

Sat/Sun

• Large cities• Weekend trips• Group bookings

• Low cost sensitivity

• Weekend trips• 48hrs before

flight

• Special destination

• Weekend trips• Booking in pairs

PlannersBusiness PartyLast minute LGBT

Page 15: Mastering customer journey with reactivation

Use micro-segmentation to target campaigns and increase conversion by

200-400%

Page 16: Mastering customer journey with reactivation

Key learnings

1. Reactivation can significantly boost your profit margins

2. Booking abandonment follow up is a low–hanging fruit

3. Use Recency-Monetization matrix for simple reactivation

4. Micro-segmentation will help you optimize yield

Page 17: Mastering customer journey with reactivation

Want to try analytics of fastest growing companies?

Visit exponea.com to learn more