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1 © 2011 MindFireInc. This document is the property of MindFireInc. It is provided as a tool for educational purposes. It may not be used for any other purposes nor delivered to a third party for other purposes. Rider Dickerson presents… printforum Cross Media Marketing Success in a Marketing Cluttered World Joseph E. Manos Executive Vice President
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Today’s Roadmap Why Cross Media? What you can learn from leading marketers! Best Practices for improved Marketing Results & ROI in 2011: Key Strategies & Tactics Deliver more effective campaigns Drive significantly higher results Q & A
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The Cross Media Journey More than just hype The New Marketing “Results” Engine Traditional marketing is undergoing radical change The future: Cross Media Marketing in a fully integrated fashion
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Are you Hitting the mark? According to research firm Marketing Sherpa, 80% of business decision-makers who made a recent purchase said they found the product vendor While just 20% said the product vendor found them!
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Fact of life… “ 78% of all people read their mail over a trash can. ” - USPS/DMA Survey
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66% of consumers responding to an offline advertisement visited the web site of the company advertised or a search engine to learn more, while only 14% called a phone number from the advertisement, the survey says. Source: Jupiter Research
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Cross Media Marketing Basics What is Cross Media Marketing? The use of data for more personal and relevant messaging to the individual across multi-media touches leveraging important “unique” data about the person across multi-media and online interactions to deliver an increase in “high quality” responses
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How to improve response rates? Step 1 - Basic Personalization - Attract the interest of the reader (Personalization) – Design the mail piece as though it were sent only to the addressee using specific reference to something you already know about the individual. E.g. names, personal facts and graphics within the piece Step 2 - Personalized URLs - Obtain a response (Purl) – Response channel that is printed on the direct mail piece that drives the recipient to their personalized landing page.
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Leverage your database What you know about your target: David Scott Businessman 38, married, father Has leased a SUV 3 years ago Loves outdoor activities David Scott Operations Manager 123 Highway, Suite 456 Irvine, CA USA
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Visit www.starcars.com to schedule a test drive Basic Personalization Leverage your data Use Personalized URLs Customized Images Basic Personalization Generic URL Generic Image
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Personalized URLs and Microsites Engage respondent with relevant content in direct mail, including a personalized URL Capture online response Continue “personal” conversation online Generate highly qualified leads WWW.DaveScott.StarCars.com
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Refers to utilizing a variety of media formats Provides a high level of interactivity Is inherently engaging Provides improved results Today’s Cross Media?
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Social Media 600+ million Facebook users, 700+ billion minutes p/mo 65+ million Tweets p/day Mobile 3,000+ texts sent by teens p/mo [1] 1 in 2 people w/smart phones by end of ’11 [1] Direct Mail 12% drop in mail volume [2] Digital Coupons 60% YoY increase, 1% of total coupon utilization [3] Increased Digital Spend $100 billion projected spend by 2014 [4] [1] Nielsen, 2010 [2] United States Postal Service Annual Report [3] Marx, a Kantor Consumer Promotion Unit [4] Forrester Report Cross Media Drivers
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Cross Media Capabilities Include Personalized Direct Mail (Purl) Personalized E-Mail (Purl) QR Codes Social Media Mobile Marketing SMS Intelligent Mail Bar Code All Mass Media with Gurl and Curl Thank you email for responders Real time lead to sales team by territory
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Study: “Capturing the Cross Media Direct Marketing Opportunity” Infotrends, Oct, 2010 More electronic/online marketing + more channels Surveyed marketers use average of 2.7 media channels p/campaign One Touch Point Is Not Enough
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Best of Breed Results
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Direct Mail Personal Donation Site Email Invite Invite to join fan page Invite to campaign Refer A Friend Follow Up Email Invite to join fan page Guests Cross-media campaigns are designed to engage respondents and get them more actively involved
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Consumers available on an average of 7.2 channels, including: Landline phone Mobile phone (or two if counting voice and text!) Skype Facebook Twitter Personal & business e-mail Membership in online forums A home address for traditional mail Need to be combined with mass media like: Catalogs Magazines Signage Events Traditional broadcast media Today: More Relevant Channels
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Quantify Marketing Results When asked how they tracked and measured ROMI: nearly 20 percent of marketers said they did not 34 percent said they were planning to introduce a formal ROI tracking system. Typical measures included Revenue Profits Market share Volume, caliber and conversion of leads direct response metrics
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Tracking & Measurement In addition to selecting the right marketing mix Marketers need the ability to compare and contrast their activities based on performance data It must be “Real Time” results data
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Better Technology Will Mature Online Marketing A Forrester Research study stated that marketers must make better use of technology to mature their online marketing capabilities The study recommended that they maximize the cost efficiencies and direct customer relationships that online tools allow Tie all online technologies together through open standard API’s
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Marketers Get It! The increased use of multi-media in a single campaign represents a clear understanding by marketers of the need Improved results utilizing print, mobile, Web, and social media in an integrated and targeted fashion Studies show improved response and conversion results across all vertical market areas, B2B & B2C
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“Not many companies are measuring very well what they are doing,” According to Nancy Costopolis, CMO for the American Marketing Association (AMA) “Marketers need to get serious about metrics.”
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Simply stated… Marketers have to improve the results of their direct marketing programs… The industry average for direct response marketing is 1.3% response rate
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Conversion Levels Are Still Too Low Forty-seven percent of B2B marketer say that sales closes less than 4% of all marketing- generated leads… “That’s all?”
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Your Challenge: Marketing Clutter Daily we encounter 2904 media messages… We may remember 52 of them… But 4 of them we will positively remember! How do YOU cut through the noise to engage your customers more effectively?
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Cut Through the Noise and Clutter! Cross Media Marketing is connecting with prospects! 56% - 275% The results that are being achieved with relevance are outstripping those of traditional static communications by an average of 56% - 275%
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More Importantly – Improved ROI 7-34% Well executed Cross Media Marketing campaigns generate a sales lift of 7-34% versus traditional marketing approaches Internet Advertising Bureau How can I accelerate my growth?
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Real-time Response Delivers Better Conversion Results! The odds of contacting a lead if called in 5 minutes versus 30 minutes increase 100 times The odds of qualifying a lead if called in 5 minutes versus 30 minutes increase 21 times MIT & Marketing Sherpa Study
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Additional Key Findings You Know Where They Are At their computer desk, probably right near their phone We call this “presence”. If you call them immediately, they answer. If you wait, they move on to something else, often away from their phone. Highest Interest or Need People search the Internet because they want things now Interest and need wane quickly A few days later they often don’t even remember they submitted a lead Immediacy of response hits the respondent at their highest point of interest or need.
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The “WOW” Effect Our sales representatives often experience the “wow effect” when our web-form call back technology contacts a person who submitted a lead in less than 3 seconds. The respondent quite often reacts with, “wow, that was fast! You are impressive ” We have been told that they feel that the sales representative must be really on top of things, and that is the kind of person and company they want servicing their – account” First impressions continue to have a strong influence on trust and relationships.
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Connecting With Your Audience Connecting With Your Audience Your strategy must leverage the best blend of media to support: Generating new leads Qualifying leads Nurturing existing leads Direct selling Branding Cross-selling to existing customers Up-selling to existing customers Nurturing existing customers Generating referrals Education on product and service offerings
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Messaging Matters! Does your messaging reflect the campaign objectives CLEARLY???? How do you test and confirm? Does it position sales for a win???
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The Six Must Haves for Improved Marketing Results & ROI in 2011
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22,170
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The Plan is Key Set clear objectives Leverage the Six Must Haves Learn and implement the process
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Tip: Half a plan beats no plan. Get crystal clear on objectives.
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Was This Planned?
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#1: Invest in Data GIGO: must have good data Not always easy Requires discipline and time #1 Failure point of most campaigns
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Tip: Take a step at a time. How about cleaning up email addresses?
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#2: The Offer Offers Matter!
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Which offer increases likelihood prospective buyer clicks? Source: IDG Connect & Marketing Sherpa, 2010
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Tip: Test and challenge assumptions.
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#3: The Creative Less is more! Common mistake: too much information Prospect can’t process it
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#4: Relevance is King
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Personas
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Tip: Use personas to craft compelling creative, the right messaging & content.
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#5: Optimize Touches Consumers available on an average of 7.2 channels. But …
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#5: Optimize Touches 91% unsubscribed from opt-in e-mails 77% more cautious providing their e-mail (versus last year) 81% “unliked” or removed a brand’s posts 71% more selective “liking” a company (versus last year) 41% have “unfollowed” a company Source: ExtactTarget “The Social Break-Up”
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Tip: Wisely use multiple channels, leveraging the strengths of each.
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#6: Follow Up! Q: How quickly should companies call web- generated leads for optimal contact and qualification ratios? A: Odds, if called in 30 min versus 5 min, of: contacting:-100x qualifying: -21x Source: LeadResponseManagement.org
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Tip: Leverage the percentages and don’t neglect the follow-up! Put a process in place.
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What Do You Think? Consider: 39 survey questions, branched to 75 Q: What conversion rate would you expect? a)<25% b)25-50% c)50-75% d)>75% e)Justin Bieber A: 88% conversion Visit Rate: 15.85% Response Rate: 13.94%
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Multi-Channel Marketing GSACP – Support The Sash Campaign
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Campaign Objectives Objective 1 Engage Girl Scout Alumni to begin to develop future donors. Objective 2 Collect donations for current financial needs.
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Direct Mail Campaign Flowchart Personal Donation Site Email Invite Invite to join fan page Invite to campaign Refer A Friend Follow Up Email Invite to join fan page
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Multi-channel Campaign to Engage Donors VDP/ Direct Mail Email Personalized Donation Site Social Media (Twitter & Facebook) The Campaign
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Multi-channel Campaign to Engage Donors VDP/ Direct Mail Email Personalized Donation Site Social Media (Twitter & Facebook) The Campaign
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Multi-channel Campaign to Engage Donors VDP/ Direct Mail Email Personalized Donation Site Social Media (Twitter & Facebook) The Campaign
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Multi-channel Campaign to Engage Donors VDP/ Direct Mail Email Personalized Donation Sites Social Media (Twitter & Facebook) The Campaign
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Campaign Results 4.9% unique response rate 31% of respondents donated Increased average donation to $250 Grew Facebook page to 141 members Received 68 referrals
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You can drive improved marketing results for your organization! The first step is leveraging more targeted methodologies Cross Media Marketing Methodologies Drive Improved Results and ROI
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Thanks for your time! Joseph E Manos MindFireInc 916-284-8112 mobile jmanos@mindfireinc.com
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