Power of nurturing and nudging in multichannel marketing

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The Power of Nurturing and Nudging Understand Push, Nurture and Nudge Michael Leander

Transcript of Power of nurturing and nudging in multichannel marketing

The Power of Nurturing and Nudging Understand Push, Nurture

and Nudge  

Michael  Leander  

Connect,  Tweet,  talk,  share  –    in  as  many  channels  as  you  care  

 Michael  Leander    >  www.michaelleander.me    >  Twi0er:  @michaelleander    My  secret  email  >  [email protected]        

Twi4er  hashtag:  #MHMSofia  

Selfie time

Getting and keeping anyone’s attention is difficult these days.  

       

You  need  to  “nudge”  consistently.    And  some=mes  push  hard.    

How  do  you  remain  interes=ng  to  the  audience?  -­‐  Frequency  -­‐  Relevancy  -­‐  Value  add  -­‐  Educate  &  inspire   Days  since  last  purchase  

People  forget  easily  Level  of  interest  declines  

rapidly.  With  no  communicaDon  even  quicker  

Of  course,  standing  out  aides  recall  short  and  long  run  

Great  example  of  a  campaign  that  stood  out  and  was  well  executed  

Typical campaign flow

95-­‐98%  didn’t  respond  

Celebrate  response  

rate  

Execute  campaign  

This  is  where  your  work  starts  

-­‐  Why  didn’t  the  person  respond?  -­‐  Check  message,  how  can  we  improve,  which  

other  angles  or  tacDcs  can  we  try?  -­‐  Check  the  media  channel;  was  it  right  for  that  

person?    -­‐  Etc.    

What  is  nudging?  

Changing  people’s  behavior  can  be  as  simple  as  this  

Nudging  is  just  plain  commonsense.  You  can  use  nudging  techniques  -­‐      

in  marke=ng,  product  and  service  design  -­‐  to  change  people’s  behavior  and  

ul=mately  affect  any  course  of  ac=on  

Percentage  of  people  giving  consent  for  organ  donaDon  

Which  is  the  biggest  reason  for  customers  leaving  you  ?  

Influenced  by  friends  

Turned  away  by  indifference  

A4racted  by    compe==on  

Indifference  is  everywhere  •  The  bank  -­‐  >  only  when  they  want  something  from  me  

•  The  u=lity  -­‐>  only  when  terms  change  •  The  insurance  -­‐>  only  when  trying  to  up/cross-­‐sell  me,  but  no  alert  on  policy  renewals  

•  The  airlines  -­‐>  useless  offers  every  week  •  The  hotels  -­‐>  even  more  useless  offers  weekly    

Ask  yourself:  how  many  posiDve  interacDons  is  required  to  change  behavior  or  indifference?    How  many  nega=ve  interac=ons  to  reverse  the  percep=on?  

Some  of  the  main  reasons  your  campaigns  do  not  produce  results!  

Detached  from  recipient  preferences  

Not  designed  for  dialogue  –  no  follow-­‐up  /  nudge  

Irrelevant    messaging  

Inside  out  mediaplay  

Lack  of  differen=a=on  (personaliza=on  or  customiza=on)  

One  bullet  

marketer  

If  we  want  to  produce  be4er  results  

consistently,  we’ll  need  a  new  approach  

Don’t  count  the  customers  you  reach  –  Reach  those  who  count  

@michaelleander  

The  right  message  to  the  right  person  at  the  right  =me  in  the  right  place  using  the  most  effec=ve  channel  

And  of  course  your  value  proposi=on  needs  to  be  spot  on  !  

Meet  Good  ‘ol  AIDA  A  =  A0enDon  (Awareness)  I  =  Interest  D  =  Desire  

A  =  AcDon  

Meet  the  new  AIDA  A  =  A0enDon  (Awareness)  I  =  Interest  D  =  Desire  

E  =  Engagement    

A  =  AcDon  

Engage  me  

Dialogue  

Meet  the  new  AIDA  A  =  A0enDon  (Awareness)  I  =  Interest  D  =  Desire  

E  =  Engagement    

A  =  AcDon  

Dialogue  

Eyeballs  

Engage  

$    

Engage  

Nurture  

Re-­‐acDvate  

How  much  of  a  dialogue  is  needed

 

to  persuade  your  prospects

?  

Why?    

THE  COLOSSAL  OTS  CHALLENGE  A0enDon   AcDon  

Message   Message   Message   Message   Message   AcDon  

Increase  Opportunity  To  See  by  mul=ple  of  3,  5,  10  

Pre  launch  phase   Hard  selling  phase  Nurture  &  convince  phase  

The  “it’s  all  over”  phase  

Ask  yourself  what  is  required  in  any  given  interac=on:  Nudging,  

reminder  or  hard  push?  

Nudge  example  email  marke=ng  

Not following up or not following

through is costing you

big bucks and a lot of

embarrassment

Remarke=ng  –  travel  example    (reminding  &  nudging)  

Problem  is  …….  

Super  simple  messaging  automaDon  -­‐  based  on  behavior    -­‐will  increase  markeDng  ROI  

     

   

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Delayed  transac=onal  message  

-­‐  Metrics  are  impressive  -­‐  AcDvates  recipient  immediately  -­‐  Aides  the  MindBox  

Simple  marke=ng  automa=on  can  deliver  significant  upliZ  in  response  /  results    

Day  1   Day  3  

Customer  lifecycle  marke=ng  automa=on  Differen=ated  approach  addresses  different  needs  

1Pre Sale

2Sale

3 Past SalePre Departure

4Departure

5 Arrival 1. destination

6 Travel & experience

7 Comming home

8 Evaluation& Reliving

9 Next Pre Sale

Profiling  and  knowledge  of  where  the  customer  is  in  the  ”wheel”    opens  up  for  a  coordinated  and  relevant  dialogue  before,  

 during  and  aZer  the  ini=al  sales  transac=on  

TransacDonal  Behavioral  Targeted  

   

 Example  Travel  

SMS/Email  

Insurance  Car  rental  

Excursions  Car  rental  

Recommend  to  friends  

No  5  star  communica=on  from  Qatar  Airways  

The  facts:  -­‐  PlaDnum  member  -­‐  Need  a  few  points  to  retain  PlaDnum  membership  -­‐  But  no  communicaDon  from  the  airline      CommunicaDon  from  Qatar  Airways  is  always  offer  based    

   (c)  Michael  Leander  Nielsen,  2009  

   

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DifferenDated    CommunicaDon  shows  customer  

care  

Customer  Engagement  

1:1  personalisaDon  

Offers  and  campaigns  –personalisaDon  

Various  methods  to  ease  booking  –  new  opDmized  booking  engine  

Personalised  offers  based  on  past  travel  and  booking  history  etc.  Real  Dme  pricing  

Various  personalised  offers  mainly  a0empDng  to  upsell  to  passengers  depending  on  P-­‐type  

IntegraDon  with  ECM  and  Campaign  automaDon  for  personalized  email  conversaDons  

Prerequisites  for  ge^ng  started  •  Well  defined  sales-­‐  and  marke=ng  processes  •  Customer  journey  •  Plan  for  data,  database  •  Plan  for  Opportunity  To  See  (OTS)  •  Well  defined  triggers  •  Plan  for  hard  –  sok  push    •  Handling  negaDves    •  EvaluaDng  channels  &  ROMI  (setup)  

Map  sales  &  marke=ng  processes  

Match  content  and  offers  to  stages  –  use  persona’s  if  relevant  to  your  situa=on  

Prerequisites  >  Profile  insights  >  Content  to  match  >  Good  database  &  markeDng  execuDon  system  >  A  clear  objecDve  driven  plan  on  what  you  want  to  accomplish  

Pinpoint  specific  ac=ons  for  specific  purposes  

•  Following  up  on  sales  rep  meeDng  •  IdenDfy  email  subscribers  whom  haven’t  been  acDve  for  X  period  of  Dme  

•  What  about  win-­‐back  programs,  up-­‐  and  cross  selling  programs?  

@shivsingh  h0p://goingsocialnow.com  

The  purpose  of  a  business  is  to  create  a  customer    who  creates  customers  

Create  a  customer  vision/strategy  

Customer  

Knowledge  

Customer  Value  

Customer  ExpectaDon  

Balanced  effort  

IntegraDon  

Customer  Experience  

Customer  Experience  How  do  we  ensure  that  customers  get  the  same  experience  across  all  touch  points?  On  which  level  must  the  experience  be  consistent  across  all  channels?  

IntegraDon  How  do  we  share  knowledge  of  our  customers?  How  do  we  plan  and  implement  customer  acDviDes  across  the  company?  How  close  do  we  want  to    integrate  ourselves  with    customers  and  partners?  

Balanced  effort  How  do  we  balance  our  efforts  in  relaDon  to  the    customers  value?  What  effect  does  that  have  in  our  acDviDes?  How  far    will  we  go?  How  do  we  focus  on  loyalty,  retenDon  and  cross  sales?  

Customer  ExpectaDons  When  are  the  customer  in  touch  with  us  and  why?  Which  expectaDons  do  they  have  and  how  do  we  live  up  to  them?  How  do  we  communicate  with  the  customers?  What  impact  does  customer  saDsfacDon  have  on  revenue  and  profit?  

Customer  Value  Which  customers  have  which  value?  How  do  we  measure  it?  Which  customers  will  we  a0ract,  retain  or  develop?  Which  service  will  we  provide  the  defined  segments?  

Knowledge  of  Customers  How  do  we  collect  knowledge  of  our  customers  In  which  touch  points?  How  do  we  use  this  knowledge?  How  can  we  enrich  and  increase  our  own  knowledge  

It  ain’t  over  

un=l  it  is  over  

[email protected]