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Customer Lifecycle Messaging to Drive Revenue Kestrel Lemen, Marketing Strategist @Kestrelbird [email protected]
38

Customer Lifecycle Messaging to Drive Revenue

May 17, 2015

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Self Improvement

Bronto Software

Learn tactics and techniques to utilize customer lifecycle messages to drive revenue.
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Page 1: Customer Lifecycle Messaging to Drive Revenue

Customer Lifecycle Messaging to Drive Revenue

Kestrel Lemen, Marketing Strategist

@Kestrelbird

[email protected]

Page 2: Customer Lifecycle Messaging to Drive Revenue
Page 3: Customer Lifecycle Messaging to Drive Revenue

You Need to Get

Timely, Targeted

and Relevant

NOW

Page 4: Customer Lifecycle Messaging to Drive Revenue

Automated Lifecycle Marketing

1

Better Engagement

More Money

Better ROI

Page 5: Customer Lifecycle Messaging to Drive Revenue

Today’s Presentation

• Data Needed to Leverage These Messages

• Post-Sign-Up Messages

• Post-Purchase Messages

• Event-Based Messages

• How to Keep Subscribers Engaged

• Takeaways

1

Page 6: Customer Lifecycle Messaging to Drive Revenue

The Key to Set-Up: Data, Data, Data

• Purchase:

‑ RFM‑ Date based data‑ Lifetime value

• Behavioral:

‑ Email behavior‑ Web site behavior

• Demographic/Preferences:

‑ Sign-up‑ Manage preferences

campaign

Page 7: Customer Lifecycle Messaging to Drive Revenue

POST-EMAIL SIGN-UP:NURTURING NEW

SUBSCRIBERS

Page 8: Customer Lifecycle Messaging to Drive Revenue

Welcome Message

Page 9: Customer Lifecycle Messaging to Drive Revenue

Welcome Series

• Introduce

• Paint a Picture

• Be Helpful

• Inspire

• Incentivize

Page 10: Customer Lifecycle Messaging to Drive Revenue

Sample Welcome Series

‑ Message 1: Welcome Message

‑ Message 2: Top 10 Products

‑ Message 3: Manage Your Preferences

‑ Message 4: Social Media Introduction

‑ Message 5: Reminder of Coupon

Page 11: Customer Lifecycle Messaging to Drive Revenue

Coupon Reminder

1

Page 12: Customer Lifecycle Messaging to Drive Revenue

Welcome Series Success

1

One home goods client’s welcome series = 33% of annual revenue

Welcome Series messages have an average 571% lift in conversion rates over standard messages

A Monsoon/Bronto customer saw ~$50,000 and a 283% lift in RPE

A Monsoon/Bronto customer saw a welcome message perform 20 times better then the average promotional message.

Page 13: Customer Lifecycle Messaging to Drive Revenue

Post-Sign-Up Takeaways

1

• Welcome new subscribers.

• Let them know what you have to offer & how your relationship will work. (Set expectations.)

• Educate on your brand, products/services, social media presences, etc.

• Help subscribers find what they need & get started.

• Treat them differently. Think "HONEYMOON!"

Page 14: Customer Lifecycle Messaging to Drive Revenue

POST-PURCHASE:BUILDING LOYAL BUYERS

Page 15: Customer Lifecycle Messaging to Drive Revenue

How-to, Accessories, Product Care

Page 16: Customer Lifecycle Messaging to Drive Revenue

Coupon/Offer

Page 17: Customer Lifecycle Messaging to Drive Revenue

Post-Purchase bounce-back

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One Bronto online retailer customer saw…

211% Increase in Open Rate

45% Increase in Click Rate 343% Increase in CTR 138% Increase in

Conversion Rate

Page 18: Customer Lifecycle Messaging to Drive Revenue

Re-Order/Refill

Page 19: Customer Lifecycle Messaging to Drive Revenue

Post-Purchase Takeaways

1

• How can you be helpful? Think product care tips or getting started guides.

• Consider coupons to move single to multi-buyer.

• Do your products have reordering potential?

• Timing is key: Don't send prematurely.

Page 20: Customer Lifecycle Messaging to Drive Revenue

OTHER EVENT-BASED TRIGGERS

Page 21: Customer Lifecycle Messaging to Drive Revenue

Birthday Offer

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Birthday Offers

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Birthday Success

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Revenue Per Email Sent 17.5X better than regular promotional emails

Conversion rate = 10.1%. • Extrapolated, birthday message = 18% lift

in annual revenue A Monsoon/Bronto customer saw a birthday

triggers bring in 14x the revenue as a regular message

Page 24: Customer Lifecycle Messaging to Drive Revenue

How to Get Birthdays

Page 25: Customer Lifecycle Messaging to Drive Revenue

Reminder Services

Page 26: Customer Lifecycle Messaging to Drive Revenue

Reminder How-To

Page 27: Customer Lifecycle Messaging to Drive Revenue

Anniversary of Purchase Offer/Renewal Notices

Page 28: Customer Lifecycle Messaging to Drive Revenue

Event-Based Takeaways

1

• People like to be recognized on their birthdays.

• Incentivize to gather data at sign-up or through update profile campaigns.

• Personalize to grab attention/stand out in the inbox.

• Is there a reminder service you can offer?

• How can you automate some of your standard messaging (messages you send every month)?

Page 29: Customer Lifecycle Messaging to Drive Revenue

PUSHING SUBSCRIBER ENGAGEMENT

Page 30: Customer Lifecycle Messaging to Drive Revenue

Remails

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Subject Line:Check out our biggest clearance event of the year!

Remail Subject Line: Last Chance to save up to 80% off!

Page 31: Customer Lifecycle Messaging to Drive Revenue

Lapsed/Never Purchased Series

Page 32: Customer Lifecycle Messaging to Drive Revenue

Recognized, Reward, Inspire via a loyalty program

Page 33: Customer Lifecycle Messaging to Drive Revenue

Information Gathering

Page 34: Customer Lifecycle Messaging to Drive Revenue

1

Make Up or Break Up Campaign

Page 35: Customer Lifecycle Messaging to Drive Revenue

Keeping Subscribers Engaged Takeaways

1

• TRY REMAILS!

• Using purchase data can be very powerful.

• Line up a non- or lapsed-purchaser series.

• Cut non-responders loose for list health & clarity.

Page 36: Customer Lifecycle Messaging to Drive Revenue

LAST CONSIDERATIONS

Page 37: Customer Lifecycle Messaging to Drive Revenue

Last Considerations

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• Get the Data from your backend into your emails

• 1-Time Set-up

• Document/List Messages

• Update Creative Yearly

• Measure Results

• Test

Page 38: Customer Lifecycle Messaging to Drive Revenue

Questions?

Kestrel Lemen, Marketing Strategist

@Kestrelbird

[email protected]