Getting Results from Your Marketing Communications 2014 Print Management Workshops May 6, 2014 Today’s Topics Goal Setting Target Audience Channel Selection Segmentation The Pitch Measuring Response/ROI Testing Student Gold Pass example woven throughout 2 Conventional Wisdom Says…. Results are based on 3 factors Target Audience: 40% Offer: 40% Creative/Other: 20% The Missing Element Clarity on your goal and desired outcome 3 Goal Setting Consider the intent of the communication Getting people to attend an event Having individuals make a donation Establish a clear and measurable goal Getting people to attend the Print Management Workshops (vague) Get 30 people to attend Print Management Workshop Session 5 (clear and measurable) 4 Selecting Your Target Who is most likely to respond? Get as detailed as you can – know who they are Prioritize if there’s more than one group The big question - Can you get to these individuals? How? (this often drives channel selection) Student Gold Pass Focus Group & Surveying https://www.surveymonkey.com/results/S M-KT7DMVL/ 5 A Few Words on Channel Selection Key Factors The size of your goal The size of the commitment you’re asking for Buy a Doughnut vs. Come to BC for 4 years The channels you can use to reach these individuals General Rule Student Gold Pass Multi-Channel with Tracking The bigger the ask, the more channels and touches you’ll need 6 Segmentation Why? Prioritize Personalize Types of segmentation 2013 Gold Pass Sold by Class 2013 90 2014 1400 2015 925 2016 1442 2017 1762 Student Gold Pass Breakdown by Classes, Culture and Social Decision Making Demographic (age, gender) Psychographic (mindset) Behavioral (things individuals have done in the past) 7 What’s the Pitch? Elements Messaging Design Offer Define your most compelling story Would it be stronger if you varied by segment? Need to balance cost of varying message vs. expected impact 8 Evaluating the Pitch Does it…. Tell a clear story Address potential barriers to taking action Include a clear call-to-action Personalize as much as possible (at no cost) If there’s cost to personalization, need to balance Have a look and feel that’s Consistent with the brand Relevant to your target Student Gold Pass Personalized Communication 9 Measuring Response and ROI Response metrics are helpful, but they’re not your goal! Print/Mail: Site visits, 800# calls Email: Click rate, open rate Ensure measures are in place to tell if you achieved your desired outcome Calculating ROI ROI = Revenue Gained-Cost/Cost Gain can be constrained by your goal Cost needs to be constrained by your goal Student Gold Pass Tracking and Follow-Up 10 Testing Components to test Copy, font, images, offer, CTA, list, etc. Testing techniques • Pilot testing w/ multiple campaigns • A/B testing • Multivariate testing Cost factors • Testing before large-scale launch will maximize ROI • Testing copy or images in email campaigns before printed pieces can save money 11 Student Gold Pass Landing Page Fully designed Easy to use tabs Promo codes Automated responses 12 Thank You!