2018 Marketers Face Old and New Data Issues

Direct marketers will face both old and new data challenges in 2018. A recent Forbes magazine interview with Tom Benton, the CEO of the Data & Marketing Association (DMA), highlighted six of those data hurdles for next year. The perennial problems of data quality and integration continue, worsened by the huge volume and types of data streaming into marketers. Many are struggling to decide which data sets to use and which to ignore, how to keep data accurate and actionable, and how to integrate new data with existing data. Several practices for 2018 success are suggested: clear business goals and target audiences to narrow the data focus; a clear test case for examining or onboarding data; regular examination of new and legacy data accuracy and value; and systems for integrating new data with existing data, especially given the new types of data streams available–everything from wearable gym trackers to chatbots to grocery checkouts. But 2018 also offers potentially exciting opportunities via new marketing tech tools, such as augmented reality (AR), machine learning and AI. The Forbes articles offers the example of how 1-800-Flowers improved customer experience by integrating the company’s website with artificial intelligence (AI) technology and natural language processing to understand customer demand and then search the product catalog to deliver customized recommendations. Use of AR today ranges from AMC theater movie posters to Simmons Bedding Co. product demos to labels of Australia’s 19 Crimes wine brand. At the same time, marketers face tougher challenges in the areas of data security and privacy rules. If customers don’t trust that sensitive information will be safeguarded, they’ll stop engaging, hurting not only individual brands but the data-driven community. After massive data security breaches made headlines in 2017, data security is a top concern to retain customers and prevent risk in 2018. Meanwhile, American marketers who seek to tap European markets need to get ready for the enactment of the European Union’s General Data Protection Regulation (GDPR), taking effect May of 2018, which will set a tough new baseline for consumer privacy rights. For more, see http://www.acculistusa.com/2018-offers-new-and-old-marketing-data-challenges/

Use Social Sharing to Rev Direct Mail Response

Integrating the targeted power of direct mail with the viral power of social media can turbocharge results, and a recent article in Target Marketing magazine offers some good case studies as models for how direct mailers can harness social sharing to significantly boost response. Article author Summer Gould cites two examples: 1) Chick-fil-A, which integrated social sharing with a mailing of 5,000 plastic postcards for a whopping 279.8% response to grow its store traffic and customer database, and 2) Stein Mart, which used viral social sharing with a 20,000-postcard mailing to earn 150.58% response for a referral program and in-store redemption. Put simply, the formula involves directing the target audience of a proven direct mail package to a landing page/social page to provide data, get a reward and share the promotion. But of course, it's not simple. The secret to success lies in executing the details, starting with eye-catching, call-to-action design for the direct mail and the landing page and social media creatives. The goal is to not only push response but capture customer data for reward delivery and database growth. It means defining the objectives, the target audience and the desired data capture carefully. Most of all, it means developing a killer offer, which has to be the same for mail and social venues. It has to be the right offer for the right audience at the right time. It must grab attention, drive action, and inspire viral sharing. Of course, sharing is helped by extra incentives offered to any who share, from coupons to freebies to whatever wows the target audience. Although the case studies both come from retail marketing, the lessons can apply to other verticals, including nonprofits. For links to the case studies, see our post at http://www.acculistusa.com/social-sharing-can-turbocharge-direct-mail-response/

Digital Lead Gen Forecast to Dominate Sales Funnel

Marketers consistently say quality lead generation is their top challenge, but the path to success can get lost in today's complex multichannel environment. A 2016 marketing forecast by Salesforce Principal of Marketing Insights, Matthew Sweezy, opines that marketers should recognize a fundamental sales funnel shift: 60% at the middle of the sales funnel must now be devoted to digital rapport-building and lead generation, leaving 20% of the funnel for traditional marketing at the top and 20% for sales acquisition at the bottom. The new sales funnel reflects today's overconnected, multichannel marketing challenge. By 2020, there will be seven connected devices for every person on earth (Gartner Research) and the average person already sees 5,000 ads a day from all channels, not counting social (Yankelovich). Bombarded by digital marketing messages, 18% of the U.S. audience already uses digital ad blockers, per PageFair and Adobe, undermining paid ad strategies. Consumers are also disturbed by big-data privacy concerns, with a third of customers abandoning a brand after a data breach, per The Economist research, so reluctance to provide personal information threatens data-gathering and targeting. The key, says Sweezy, is to give digital customers what they want, which is useful information and trust-building self-discovery (it's made Google is No, 1 in search), noting that 73% of consumers say that getting useful information is the most important factor in selecting a brand. Personalized targeting with behavioral, psychographic and internal data is key, and automation is a useful engagement system, but marketers must work smart. Retargeting ads for a product after purchase of the product just makes customers four times less likely to purchase again. And engagement must be swift, with the average consumer taking only 0.05 seconds to determine content value and 70% switching sites/apps if they are judged too slow. To capture the new digital middle of the funnel, companies need to improve the customer digital experience and close gaps by making frequent, small and socially interactive gestures that keep the brand in front of potential buyers and build trust and engagement, concludes Sweezy. For the whole presentation, go to Salesforce's Pardot blog: http://www.pardot.com/blog/future-marketing-2016-slideshare/