The Retailer’s Path to Lifecycle Marketing Success How to move from capturing attention to ensuring lifetime retention exacttarget.com exacttarget.com The Retailer’s Path to Lifecycle Marketing Success 1 Your customer journey may be unique... Your customer journey may be unique, but your objectives are the same: acquire new customers and drive your current customers back in store or online. And by now, you know that success is achieved through lifecycle marketing. In this guide, we’ll show you the path to lifecycle marketing success—one stage at a time—and provide important campaign tips along the way. Ready to start your journey to lifecycle marketing success? Campaign Tip: Your campaigns can’t afford to be disjointed. Having a cross-channel marketing platform that allows you to create a single view of the customer across all channels and all stages of the customer lifecycle is a must! Invest in a digital marketing partner like ExactTarget who can grow with you as you explore additional channels and new digital marketing opportunities. Everyone’s path to lifecycle marketing success is unique. Find yours! 2 The Retailer’s Path to Lifecycle Marketing Success exacttarget.com exacttarget.com The Retailer’s Path to Lifecycle Marketing Success 3 Start Here: Welcome Series Opt-In: Online, Social, Mobile, and In-Store Welcome messages are highly anticipated, frequently opened, and— luckily for you—simple to automate! Preference Center Guided Selling Whether registering customers for your loyalty program or building your email subscriber list, the opt-in process should be quick and easy for your customer. Minimize the number of fields required and consider social and mobile opt-in opportunities. If you need more data to start building out your customer profile, try asking for it in a subsequent screen or follow-up interaction. You already have your customers’ attention, so take advantage of this opportunity to drive conversions by highlighting products, services, or special offers. Include Facebook and Twitter icons in your welcome emails to help subscribers connect with your brand across channels. But most importantly, make sure this series of welcome messages are delivered in a timely, thoughtful manner. Encourage new subscribers or existing customers to update their preferences regularly, and communicate the benefits they’ll experience if they do. Remember that relevancy is driven by data, so be strategic about what you ask, and avoid requesting information you’re not going to use. Using a guided selling tool, ask lifestyle or usage-based questions to quick-start your customer’s profile. Synthesize the responses with the customer data you already have to deliver experiences that are unique to each shopper. Campaign Tip Set message frequency expectations and communicate the value of opting into your program up front. 4 The Retailer’s Path to Lifecycle Marketing Success Campaign Tip Remember to: • Confirm the subscriber’s reason for opting in. • Provide an incentivized offer and a call to action. • Communicate the value of being a subscriber. Another great way to quickly acquire new profile data about customers is to place a Facebook and Twitter login on your website, mobile app, or loyalty program sign-up form. exacttarget.com exacttarget.com Campaign Tip Know your most loyal customers and define a segment strategy that targets them first. After all, it’s easier and cheaper to keep the customers you have engaged than to endure the cost to find new ones. The Retailer’s Path to Lifecycle Marketing Success 5 Promotional Birthday Post-Purchase Geo-Targeting The success of your promotional email campaign hinges on two factors: frequency and relevancy. Which is more important? Think quality over quantity. Identify the utility of your message, and then frame a promotion or product around it—not the other way around. What better time to engage subscribers than in the weeks before their birthday? Enable (and remind) customers to share wish list items with family and friends two weeks prior, then follow up with a birthday message and personalized offer on the actual day. Regardless of where a purchase was made—in store, online, or via a mobile device—strive to extend the interaction. Thank the customer for purchasing and cross-sell by adding personalized product recommendations that may be of interest. Utilize geolocation data in your mobile app and send push messages or personalized SMS messages to customers when they’re close to your store. Include an incentive to ensure they walk in the door. Or utilize this data to tailor your mobile app content based on a customer’s location. Campaign Tip Campaign Tip Get creative with messaging, targeting, and offers. Entice customers to buy themselves a birthday present by recommending products that compliment recent browse or purchase behavior. Utilize the 80/20 rule. Sure, the message may be transactional, but according to CAN-SPAM law, up to 20% of the content in a transactional message may be promotional in nature. Seize this opportunity and utilize this space wisely. Take it a step further by adding content tailored to the individual based on their profile. Campaign Tip: Use Smart Templates to provide personalized loyalty point status in promotional messages. Get creative about incorporating typically newsletter-like content in with your promotions. 6 The Retailer’s Path to Lifecycle Marketing Success exacttarget.com exacttarget.com The Retailer’s Path to Lifecycle Marketing Success 7 Abandoned Cart Retargeting Reengagement Cart abandonment campaigns are a great way to remind customers to complete their purchases. This type of campaign is easily automated and often consists of multiple email messages sent at a strategic cadence (e.g., one day and three days after cart abandonment). Retargeting campaigns explore ways to track and reengage customers. Since profile data and shopping history can be used to personalize and target these emails, they can outperform standard blast-based promotional messages by up to 20x. Reengagement campaigns send proactive messages to reinforce your company’s value proposition, determine why subscribers lost interest, and identify those who no longer wish to receive your messages. Campaign Tip Include an incentive, mention the product in the subject line, and show an image of the product in the body of your abandoned cart email for extra conversion rate lift. Plus, conversion rates double for campaigns sent in real time (within 30 minutes of abandonment vs. waiting 24+ hours). Ideas for retargeting: Use personalized campaigns to ensure your shoppers know you’re listening to their wants, needs, and preferences. • New arrivals • Pre-order products • Back in stock Try this: • Review a product • Select subscribers who haven’t opened your email in a few months. No matter which retargeting tactics you choose, remember to integrate the online and offline experience. If you flag top-rated products online, do the same in store. 8 The Retailer’s Path to Lifecycle Marketing Success Campaign Tip exacttarget.com • Develop a series of three messages with increasingly valuable offers. • Send subscribers to a profile page where they can update preferences. exacttarget.com The Retailer’s Path to Lifecycle Marketing Success 9 There’s marketing. And then there’s Inspired Marketing. With billions of hyper-connected consumers on the planet, there’s never been a better time to be a digital marketer. You have an incredible opportunity to use data and technology to drive relevant messages, to connect, to inspire. 10 The Retailer’s Path to Lifecycle Marketing Success exacttarget.com