SlideShare uma empresa Scribd logo
1 de 14
Increasing Sales Volumes With Data Driven Marketing Learn Customer Behavior And Turn It Into Profit
Contents What is data driven marketing? How data driven marketing can increase sales volumes? What it takes? What Argo Team can do for your business 2
Data Driven Marketing A marketing technique based on customer data – customer behavior  Privacy-friendly – no customer personal details data required Used for decades by large companies and high-profile marketing professionals Thanks to proliferation of IT nowadays affordable/accessible to small and medium businesses Enables successful roll-out of targeted marketing campaigns Average campaigns ROI of customer marketing program stands around 70% (depending on business type) 3
Data Driven Marketing – How It Works 4 Analyze Data, Get List of Customers Customer Data Create Campaign Compare campaign results, make corrections Sales Data
Data Driven Marketing Ability to predict customer behavior Targeted, read – more effective, less costly marketing campaigns Personalized customer offers  Returning customers – repeated purchases You spend marketing money only where necessary, increased ROI Ability to identify the best revenue sources 5
Increase Sales Volumes – Some Input Data Different people have different buying patterns Media and method used to acquire a customer have very large effect on the potential value of the customer Experts say  50 to 60% of customer base are one time only customers or visitors Customers on average will buy down in price over their life cycle - the average order price falls over time More active customer – more chance for repeated purchase Number of potential customers searching for goods/services on-the-net is rapidly growing - inventory goes to the net 6
Increase Sales Volumes – How To  Learn your customers’ behavior Consolidate customer (transaction, visits) data Transaction (purchase, visit, …) data needed only Score customers on their activity Rank them according to their potential value 7
Increase Sales Volumes – How To  Knowing potential value, you can:  Get more customers like the best ones Focus on growing the profitability of middle potential customers Stop wasting resources acquiring and marketing to low potential customers Set-up indicators (“trip-wires”) and evaluate changes in potential value scores Falling scores indicate decreasing potential value - the customer is becoming less likely to continue on as a customer Rising scores indicate the potential value of the customer is rising Find out which customers to address and when Predict when best customers are about to leave 8
Increase Sales Volumes – How To Emphasize ads, media, and products creating long term high potential value customers and downplay ones that don't  Predict when best customers are about to leave you and react with customer retention and save-a-customer programs Always advertise where the behavior you want to create is. If you want buyers, advertise where people buy (if you want clicks, advertise where people are clicking) Create High ROI marketing programs (average ROI of customer marketing program stands around 70% while there are cases of repeatable 400%, depending on business type) Establish a brand or make it more visible and recognizable If you are not there already(!) - go to the net Manage relationship with your customers – personalized and interactive 9
What It Takes The desire to act and to change (data-driven marketing is about continuous optimization and iterative improvement), ability to execute and react Customer (transaction) data – you need to know your (potential) customers and what they do Tools to get you scoring and rating information (from your raw customer data) you can use and ability to analyze and evaluate Knowledge to turn your customer data into profit – to learn you customers’ behavior and set up timely, effective and high ROI marketing promotions/campaigns 10
Bringing Value To Your Business Argo Team specializes in bringing additional value to businesses by unlocking the potential of customer (transaction) data through means of data driven marketing  Consolidation and analysis of data Setting up and evaluation of customer scoring and rating Recognition of customer behavior patterns Setting up of customer retention programs and marketing promotions/campaigns Evaluation and further improvements 11
Bringing Value To Your Business Argo Team provides one-stop-shop for all your customer retention programs and marketing promotions/campaigns needs  Consolidation, cleansing and data quality analysis of your customer, sales and inventory data Analysis of your company, industry and competition Setting up of your data driven marketing strategy Setting up of a step-by-step customer retention and marketing  promotion plan Implementation of customer retention and marketing  promotion plan Graphical design and content creation Targeted personalized Email marketing (including newsletters) Targeted personalized direct mail marketing Ads placement Brand marketing Tracking and evaluation of response 12
Bringing Value To Your Business Benefits Increase response rates Maximize the lifetime value of clients Increase repeat sales  Increase conversion rates (communicate with buyers most likely to convert to sales) Reduce customer acquisition costs  Optimize your marketing budget  Increase marketing ROI 13
Increase sales volumes with data driven marketing

Mais conteúdo relacionado

Mais procurados

How marketing optimization works?
How marketing optimization works?How marketing optimization works?
How marketing optimization works?stuartdrose
 
Incrementality: How to calculate the real ROI of your marketing programs
Incrementality: How to calculate the real ROI of your marketing programsIncrementality: How to calculate the real ROI of your marketing programs
Incrementality: How to calculate the real ROI of your marketing programsCatalyst
 
Account-Based Marketing 101
Account-Based Marketing 101Account-Based Marketing 101
Account-Based Marketing 101Kwanzoo Inc
 
#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...
#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...
#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...#FlipMyFunnel
 
Marketing strategy during_the_holiday_season
Marketing strategy during_the_holiday_seasonMarketing strategy during_the_holiday_season
Marketing strategy during_the_holiday_seasonHarsha MV
 
ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...
ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...
ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...ITSMA
 
Introduction to B2B Demand Generation
Introduction to B2B Demand GenerationIntroduction to B2B Demand Generation
Introduction to B2B Demand GenerationLuke Starbuck
 
A Pragmatic Guide to ABM Success
A Pragmatic Guide to ABM SuccessA Pragmatic Guide to ABM Success
A Pragmatic Guide to ABM SuccessAggregage
 
Account Based Marketing - SiriusDecisions - January TCOMCUG
Account Based Marketing - SiriusDecisions - January TCOMCUGAccount Based Marketing - SiriusDecisions - January TCOMCUG
Account Based Marketing - SiriusDecisions - January TCOMCUGRon Corbisier
 
How Do I Close More Sales and Boost Upsell/Cross-sell?
How Do I Close More Sales and Boost Upsell/Cross-sell?How Do I Close More Sales and Boost Upsell/Cross-sell?
How Do I Close More Sales and Boost Upsell/Cross-sell?Maximizer Software
 
Cross-Sell and Upsell Strategies in the Channel
Cross-Sell and Upsell Strategies in the ChannelCross-Sell and Upsell Strategies in the Channel
Cross-Sell and Upsell Strategies in the ChanneleCoast
 
What is Account-Based Marketing (ABM)
What is Account-Based Marketing (ABM)What is Account-Based Marketing (ABM)
What is Account-Based Marketing (ABM)run_frictionless
 
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...InsideView
 
Creating Content that Converts: The Seller's Compass
Creating Content that Converts: The Seller's CompassCreating Content that Converts: The Seller's Compass
Creating Content that Converts: The Seller's CompassChristine Crandell
 
Analytics cross-selling-retail-banking
Analytics cross-selling-retail-bankingAnalytics cross-selling-retail-banking
Analytics cross-selling-retail-bankingSantosh Tiwari
 
Delivering Sustainable Business Results
Delivering Sustainable Business ResultsDelivering Sustainable Business Results
Delivering Sustainable Business ResultsDyann Calder
 
Market Research Presentation
Market Research PresentationMarket Research Presentation
Market Research Presentationguest3cbf236d
 
Cmo workbench - Actionable Intelligence to Target New Age Customers
Cmo workbench - Actionable Intelligence to Target New Age CustomersCmo workbench - Actionable Intelligence to Target New Age Customers
Cmo workbench - Actionable Intelligence to Target New Age CustomersZensar Technologies Ltd.
 
Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...
Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...
Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...Tenbound
 
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...InsideView
 

Mais procurados (20)

How marketing optimization works?
How marketing optimization works?How marketing optimization works?
How marketing optimization works?
 
Incrementality: How to calculate the real ROI of your marketing programs
Incrementality: How to calculate the real ROI of your marketing programsIncrementality: How to calculate the real ROI of your marketing programs
Incrementality: How to calculate the real ROI of your marketing programs
 
Account-Based Marketing 101
Account-Based Marketing 101Account-Based Marketing 101
Account-Based Marketing 101
 
#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...
#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...
#FlipMyFunnel Boston 2016 - Matt Senatore and Bob Basiliere - Marketing And S...
 
Marketing strategy during_the_holiday_season
Marketing strategy during_the_holiday_seasonMarketing strategy during_the_holiday_season
Marketing strategy during_the_holiday_season
 
ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...
ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...
ITSMA and ABM Leadership Alliance Leadership Survey: Driving Growth with Thre...
 
Introduction to B2B Demand Generation
Introduction to B2B Demand GenerationIntroduction to B2B Demand Generation
Introduction to B2B Demand Generation
 
A Pragmatic Guide to ABM Success
A Pragmatic Guide to ABM SuccessA Pragmatic Guide to ABM Success
A Pragmatic Guide to ABM Success
 
Account Based Marketing - SiriusDecisions - January TCOMCUG
Account Based Marketing - SiriusDecisions - January TCOMCUGAccount Based Marketing - SiriusDecisions - January TCOMCUG
Account Based Marketing - SiriusDecisions - January TCOMCUG
 
How Do I Close More Sales and Boost Upsell/Cross-sell?
How Do I Close More Sales and Boost Upsell/Cross-sell?How Do I Close More Sales and Boost Upsell/Cross-sell?
How Do I Close More Sales and Boost Upsell/Cross-sell?
 
Cross-Sell and Upsell Strategies in the Channel
Cross-Sell and Upsell Strategies in the ChannelCross-Sell and Upsell Strategies in the Channel
Cross-Sell and Upsell Strategies in the Channel
 
What is Account-Based Marketing (ABM)
What is Account-Based Marketing (ABM)What is Account-Based Marketing (ABM)
What is Account-Based Marketing (ABM)
 
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
 
Creating Content that Converts: The Seller's Compass
Creating Content that Converts: The Seller's CompassCreating Content that Converts: The Seller's Compass
Creating Content that Converts: The Seller's Compass
 
Analytics cross-selling-retail-banking
Analytics cross-selling-retail-bankingAnalytics cross-selling-retail-banking
Analytics cross-selling-retail-banking
 
Delivering Sustainable Business Results
Delivering Sustainable Business ResultsDelivering Sustainable Business Results
Delivering Sustainable Business Results
 
Market Research Presentation
Market Research PresentationMarket Research Presentation
Market Research Presentation
 
Cmo workbench - Actionable Intelligence to Target New Age Customers
Cmo workbench - Actionable Intelligence to Target New Age CustomersCmo workbench - Actionable Intelligence to Target New Age Customers
Cmo workbench - Actionable Intelligence to Target New Age Customers
 
Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...
Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...
Using Data To Further Sales & Marketing Alignment - Radius at The Sales Devel...
 
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
Beyond the Basics of ABM: Using Account-Based Strategies to Unite Sales & Mar...
 

Semelhante a Increase sales volumes with data driven marketing

Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Jaiveer Singh
 
Capabilities Presentation May2011
Capabilities Presentation May2011Capabilities Presentation May2011
Capabilities Presentation May2011Frank Koechlein
 
Tim Little Direct
Tim Little DirectTim Little Direct
Tim Little DirectTim
 
MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...
MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...
MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...Pragma Management Systems S.r.l.
 
The Paradigm: From Sales to Profits Using Optimization Analytics
The Paradigm: From Sales to Profits Using Optimization AnalyticsThe Paradigm: From Sales to Profits Using Optimization Analytics
The Paradigm: From Sales to Profits Using Optimization AnalyticsVivastream
 
Loyalytics capabilities presentation
Loyalytics capabilities presentationLoyalytics capabilities presentation
Loyalytics capabilities presentationMohit Jain
 
SocialXpand | To Boost The Chance for New Contracts
SocialXpand | To Boost The Chance for New ContractsSocialXpand | To Boost The Chance for New Contracts
SocialXpand | To Boost The Chance for New ContractsSocialXpand
 
Inbound Marketing in the Contact Center Marketplace
Inbound Marketing in the Contact Center MarketplaceInbound Marketing in the Contact Center Marketplace
Inbound Marketing in the Contact Center Marketplaceechogravity
 
Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...
Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...
Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...Anaplan
 
Analytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptx
Analytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptxAnalytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptx
Analytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptxSwapnenduChakraborty
 
Customer Segmentation
Customer SegmentationCustomer Segmentation
Customer SegmentationCarlos Soares
 

Semelhante a Increase sales volumes with data driven marketing (20)

Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience
 
Capabilities Presentation May2011
Capabilities Presentation May2011Capabilities Presentation May2011
Capabilities Presentation May2011
 
C2 Marketing Solutions
C2 Marketing SolutionsC2 Marketing Solutions
C2 Marketing Solutions
 
Lead generation
Lead generationLead generation
Lead generation
 
Creds Latest
Creds LatestCreds Latest
Creds Latest
 
Creds Latest
Creds LatestCreds Latest
Creds Latest
 
Tim Little Direct
Tim Little DirectTim Little Direct
Tim Little Direct
 
Crm
CrmCrm
Crm
 
The Data People
The Data PeopleThe Data People
The Data People
 
MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...
MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...
MARKETING INTELLIGENCE_Marketing ROI, come aumentare i ritorni sugli investim...
 
Scott hample marketing_mgt
Scott hample marketing_mgtScott hample marketing_mgt
Scott hample marketing_mgt
 
The Paradigm: From Sales to Profits Using Optimization Analytics
The Paradigm: From Sales to Profits Using Optimization AnalyticsThe Paradigm: From Sales to Profits Using Optimization Analytics
The Paradigm: From Sales to Profits Using Optimization Analytics
 
Loyalytics capabilities presentation
Loyalytics capabilities presentationLoyalytics capabilities presentation
Loyalytics capabilities presentation
 
SocialXpand | To Boost The Chance for New Contracts
SocialXpand | To Boost The Chance for New ContractsSocialXpand | To Boost The Chance for New Contracts
SocialXpand | To Boost The Chance for New Contracts
 
Inbound Marketing in the Contact Center Marketplace
Inbound Marketing in the Contact Center MarketplaceInbound Marketing in the Contact Center Marketplace
Inbound Marketing in the Contact Center Marketplace
 
Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...
Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...
Anaplan SPM webinar series, part 4: Motivating the right behavior with incent...
 
Buyer Personas – The Key to Sales & Marketing Alignment
Buyer Personas – The Key to Sales & Marketing AlignmentBuyer Personas – The Key to Sales & Marketing Alignment
Buyer Personas – The Key to Sales & Marketing Alignment
 
Analytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptx
Analytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptxAnalytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptx
Analytics-and-Data-driven-Marketing-by-Seven-Boats-Info-system-Pvt-Ltd.pptx
 
Customer Segmentation
Customer SegmentationCustomer Segmentation
Customer Segmentation
 
C4e5 marketing plan
C4e5 marketing planC4e5 marketing plan
C4e5 marketing plan
 

Último

integrity in personal relationship (1).pdf
integrity in personal relationship (1).pdfintegrity in personal relationship (1).pdf
integrity in personal relationship (1).pdfAmitRout25
 
南新罕布什尔大学毕业证学位证成绩单-学历认证
南新罕布什尔大学毕业证学位证成绩单-学历认证南新罕布什尔大学毕业证学位证成绩单-学历认证
南新罕布什尔大学毕业证学位证成绩单-学历认证kbdhl05e
 
Inspiring Through Words Power of Inspiration.pptx
Inspiring Through Words Power of Inspiration.pptxInspiring Through Words Power of Inspiration.pptx
Inspiring Through Words Power of Inspiration.pptxShubham Rawat
 
(南达科他州立大学毕业证学位证成绩单-永久存档)
(南达科他州立大学毕业证学位证成绩单-永久存档)(南达科他州立大学毕业证学位证成绩单-永久存档)
(南达科他州立大学毕业证学位证成绩单-永久存档)oannq
 
Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...
Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...
Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...JeylaisaManabat1
 
Spiritual Life Quote from Shiva Negi
Spiritual Life Quote from Shiva Negi Spiritual Life Quote from Shiva Negi
Spiritual Life Quote from Shiva Negi OneDay18
 
Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...
Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...
Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...Authentic No 1 Amil Baba In Pakistan
 
Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?
Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?
Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?Mikko Kangassalo
 

Último (8)

integrity in personal relationship (1).pdf
integrity in personal relationship (1).pdfintegrity in personal relationship (1).pdf
integrity in personal relationship (1).pdf
 
南新罕布什尔大学毕业证学位证成绩单-学历认证
南新罕布什尔大学毕业证学位证成绩单-学历认证南新罕布什尔大学毕业证学位证成绩单-学历认证
南新罕布什尔大学毕业证学位证成绩单-学历认证
 
Inspiring Through Words Power of Inspiration.pptx
Inspiring Through Words Power of Inspiration.pptxInspiring Through Words Power of Inspiration.pptx
Inspiring Through Words Power of Inspiration.pptx
 
(南达科他州立大学毕业证学位证成绩单-永久存档)
(南达科他州立大学毕业证学位证成绩单-永久存档)(南达科他州立大学毕业证学位证成绩单-永久存档)
(南达科他州立大学毕业证学位证成绩单-永久存档)
 
Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...
Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...
Module-2-Lesson-2-COMMUNICATION-AIDS-AND-STRATEGIES-USING-TOOLS-OF-TECHNOLOGY...
 
Spiritual Life Quote from Shiva Negi
Spiritual Life Quote from Shiva Negi Spiritual Life Quote from Shiva Negi
Spiritual Life Quote from Shiva Negi
 
Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...
Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...
Authentic No 1 Amil Baba In Pakistan Amil Baba In Faisalabad Amil Baba In Kar...
 
Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?
Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?
Virtue ethics & Effective Altruism: What can EA learn from virtue ethics?
 

Increase sales volumes with data driven marketing

  • 1. Increasing Sales Volumes With Data Driven Marketing Learn Customer Behavior And Turn It Into Profit
  • 2. Contents What is data driven marketing? How data driven marketing can increase sales volumes? What it takes? What Argo Team can do for your business 2
  • 3. Data Driven Marketing A marketing technique based on customer data – customer behavior Privacy-friendly – no customer personal details data required Used for decades by large companies and high-profile marketing professionals Thanks to proliferation of IT nowadays affordable/accessible to small and medium businesses Enables successful roll-out of targeted marketing campaigns Average campaigns ROI of customer marketing program stands around 70% (depending on business type) 3
  • 4. Data Driven Marketing – How It Works 4 Analyze Data, Get List of Customers Customer Data Create Campaign Compare campaign results, make corrections Sales Data
  • 5. Data Driven Marketing Ability to predict customer behavior Targeted, read – more effective, less costly marketing campaigns Personalized customer offers Returning customers – repeated purchases You spend marketing money only where necessary, increased ROI Ability to identify the best revenue sources 5
  • 6. Increase Sales Volumes – Some Input Data Different people have different buying patterns Media and method used to acquire a customer have very large effect on the potential value of the customer Experts say 50 to 60% of customer base are one time only customers or visitors Customers on average will buy down in price over their life cycle - the average order price falls over time More active customer – more chance for repeated purchase Number of potential customers searching for goods/services on-the-net is rapidly growing - inventory goes to the net 6
  • 7. Increase Sales Volumes – How To Learn your customers’ behavior Consolidate customer (transaction, visits) data Transaction (purchase, visit, …) data needed only Score customers on their activity Rank them according to their potential value 7
  • 8. Increase Sales Volumes – How To Knowing potential value, you can: Get more customers like the best ones Focus on growing the profitability of middle potential customers Stop wasting resources acquiring and marketing to low potential customers Set-up indicators (“trip-wires”) and evaluate changes in potential value scores Falling scores indicate decreasing potential value - the customer is becoming less likely to continue on as a customer Rising scores indicate the potential value of the customer is rising Find out which customers to address and when Predict when best customers are about to leave 8
  • 9. Increase Sales Volumes – How To Emphasize ads, media, and products creating long term high potential value customers and downplay ones that don't Predict when best customers are about to leave you and react with customer retention and save-a-customer programs Always advertise where the behavior you want to create is. If you want buyers, advertise where people buy (if you want clicks, advertise where people are clicking) Create High ROI marketing programs (average ROI of customer marketing program stands around 70% while there are cases of repeatable 400%, depending on business type) Establish a brand or make it more visible and recognizable If you are not there already(!) - go to the net Manage relationship with your customers – personalized and interactive 9
  • 10. What It Takes The desire to act and to change (data-driven marketing is about continuous optimization and iterative improvement), ability to execute and react Customer (transaction) data – you need to know your (potential) customers and what they do Tools to get you scoring and rating information (from your raw customer data) you can use and ability to analyze and evaluate Knowledge to turn your customer data into profit – to learn you customers’ behavior and set up timely, effective and high ROI marketing promotions/campaigns 10
  • 11. Bringing Value To Your Business Argo Team specializes in bringing additional value to businesses by unlocking the potential of customer (transaction) data through means of data driven marketing Consolidation and analysis of data Setting up and evaluation of customer scoring and rating Recognition of customer behavior patterns Setting up of customer retention programs and marketing promotions/campaigns Evaluation and further improvements 11
  • 12. Bringing Value To Your Business Argo Team provides one-stop-shop for all your customer retention programs and marketing promotions/campaigns needs Consolidation, cleansing and data quality analysis of your customer, sales and inventory data Analysis of your company, industry and competition Setting up of your data driven marketing strategy Setting up of a step-by-step customer retention and marketing promotion plan Implementation of customer retention and marketing promotion plan Graphical design and content creation Targeted personalized Email marketing (including newsletters) Targeted personalized direct mail marketing Ads placement Brand marketing Tracking and evaluation of response 12
  • 13. Bringing Value To Your Business Benefits Increase response rates Maximize the lifetime value of clients Increase repeat sales Increase conversion rates (communicate with buyers most likely to convert to sales) Reduce customer acquisition costs Optimize your marketing budget Increase marketing ROI 13