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Today’s
                                                        Marketing
                                                         Purchase
                                                           Funnel
                                                             A Marketing 101
                                                          Foundations Course
                                                        Trainer: Sally Witzky




© 2012 Retail Merchants Association. All rights reserved.
   Many traditional marketing
    methods have changed due to
    mobile/social technology and
    related applications




The Reality We Face
   More importantly, how
    consumers’ learn about, shop
    for and buy products and
    services continually evolves




The Reality We Face
   Marketers are increasingly
    challenged to keep up, and even
    the best of us find it difficult to
    continually stay current

   Speed: 3 Months = Like 3 Years
    Used to Be




The Reality We Face
   The old purchase funnel is no
    longer so LINEAR!

   The basic tenets still apply but
    there’s no right or wrong
    path to purchase for the
    consumer




The Reality of Channel Choices
   The consumer is definitely in
    control. THEY CHOOSE.
    ◦   It’s their media
    ◦   Served up when they want
    ◦   In the way they want it
    ◦   On their favorite device or monitor




The Reality of Channel Choices
   Marketers are forced to be where
    their customers are and cover all
    the bases

   And that adds both difficulty and
    cost

   Small businesses are challenged
    the most to compete as
    consumers “gorge themselves
    on media and adapt to the
    newest, ever-changing
    technology”


The Reality of Channel Choices
The Linear
                                                       Path
                                            Let’s set the foundation for
                                       understanding the consumer and
                                                  related media choices




© 2012 Retail Merchants Association. All rights reserved.
Awareness

     Familiarity / Opinions
                                  The buyer
        Consideration /
           Inquiry
                                goes through
           Compare /
                                a process that
           Shopping              leads to the
            Test /
             Trial
                                final decision
                                 to purchase
             SALE                 CUSTOMER ACQUISITION


What inspires the consumer?
It’s important to understand the linear approach.
Awareness

     Familiarity / Opinions
                                The marketer
        Consideration /
           Inquiry
                                   uses the
           Compare /
                                “right” media
           Shopping               to lead the
            Test /
             Trial
                                buyer through
                                 the process
             SALE


What’s the “right” media?
It’s important to understand the linear approach.
Awareness
                                     TV / Radio
     Familiarity / Opinions        Print / Outdoor
        Consideration /           Website / Online
           Inquiry
                                 Direct Mail / Email
           Compare /
           Shopping
                                 Store Visit / Social
                              Salesperson /eCommerce
            Test /
             Trial                  Consultation

             SALE                            SALE



What media supports selling process?
It’s important to understand the linear approach.
   So you made a sale – now what?

   What happens after the sale?

   How has the marketer allocated
    their marketing budget for
    acquisition vs. retention efforts?

   You must know what efforts will
    give you the best return on
    investment

Understanding the 80-20 Rule
 The last thing you
 want to do is lose a
 customer you spent
 so much time,
 money and effort
 trying to find and
 convert to a sale

Understanding the 80-20 Rule
Once you’ve acquired a
                On-
              boarding
                                 new customer, you must
                                develop a strategy to keep
             Loyalty                      them.
            Programs
           Cross-sell /               How do we keep our
             Upsell
                                         customers?
    Advocates / Referrals

                                            CUSTOMER RETENTION



Mission Critical: Post Sale Marketing
Often forgotten: Activities to keep customers coming back and sending referrals
Welcome / Appreciate
              On-
            boarding
                           Phone Calls / In-Person
                           Social / Mobile Connects
           Loyalty
          Programs
                              Direct Mail / Email
         Cross-sell /
                             Experiential Events
           Upsell              Relevant Offers
                               Ask for referrals
   Advocates / Referrals

                                       CUSTOMER FOR LIFE



What media do we use?
Building relationships not any different than maintaining a marriage.
Putting the
                                        two together
                                                            Customer Acquisition
                                                                  and Retention




© 2012 Retail Merchants Association. All rights reserved.
CUSTOMER ACQUISITION                   SALE
          Awareness

     Familiarity / Opinions                 On-
                                          boarding

        Consideration /
           Inquiry                       Loyalty
                                        Programs
           Compare /
           Shopping                    Cross-sell /
                                         Upsell
            Test /
             Trial
                                  Advocates / Referrals

             SALE                 CUSTOMER RETENTION


Putting the Picture Together
Your marketing plan needs to account for it all
Let’s talk
about today
Linear vs. _______________
 Again, customers still go through
  a buying process
 But the media they use depends
  on, well, everything and
  anything
 Where are consumers spending
  most of their time?
 Where are YOUR CUSTOMERS
  spending most of their time?

Know thyself
Know thy customers
   Most importantly, don’t just be
    talking thinking they are
    listening to you

   Develop a content strategy
    that is nothing short of
    relevant

   If you do not know what your
    customers want from you, ASK.


Be relevant
   Be prepared to listen. And
    listen intently.

   Then surprise and delight them




Be relevant
Thank you.
                                                        Direct questions to:
                                                                Sally Witzky
                                                      Director of Marketing
                                                http://retailmerchants.com




© 2012 Retail Merchants Association. All rights reserved.

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Retail Merchants: Marketing Purchase Funnel Course

  • 1. Today’s Marketing Purchase Funnel A Marketing 101 Foundations Course Trainer: Sally Witzky © 2012 Retail Merchants Association. All rights reserved.
  • 2. Many traditional marketing methods have changed due to mobile/social technology and related applications The Reality We Face
  • 3. More importantly, how consumers’ learn about, shop for and buy products and services continually evolves The Reality We Face
  • 4. Marketers are increasingly challenged to keep up, and even the best of us find it difficult to continually stay current  Speed: 3 Months = Like 3 Years Used to Be The Reality We Face
  • 5. The old purchase funnel is no longer so LINEAR!  The basic tenets still apply but there’s no right or wrong path to purchase for the consumer The Reality of Channel Choices
  • 6. The consumer is definitely in control. THEY CHOOSE. ◦ It’s their media ◦ Served up when they want ◦ In the way they want it ◦ On their favorite device or monitor The Reality of Channel Choices
  • 7. Marketers are forced to be where their customers are and cover all the bases  And that adds both difficulty and cost  Small businesses are challenged the most to compete as consumers “gorge themselves on media and adapt to the newest, ever-changing technology” The Reality of Channel Choices
  • 8. The Linear Path Let’s set the foundation for understanding the consumer and related media choices © 2012 Retail Merchants Association. All rights reserved.
  • 9. Awareness Familiarity / Opinions The buyer Consideration / Inquiry goes through Compare / a process that Shopping leads to the Test / Trial final decision to purchase SALE CUSTOMER ACQUISITION What inspires the consumer? It’s important to understand the linear approach.
  • 10. Awareness Familiarity / Opinions The marketer Consideration / Inquiry uses the Compare / “right” media Shopping to lead the Test / Trial buyer through the process SALE What’s the “right” media? It’s important to understand the linear approach.
  • 11. Awareness TV / Radio Familiarity / Opinions Print / Outdoor Consideration / Website / Online Inquiry Direct Mail / Email Compare / Shopping Store Visit / Social Salesperson /eCommerce Test / Trial Consultation SALE SALE What media supports selling process? It’s important to understand the linear approach.
  • 12. So you made a sale – now what?  What happens after the sale?  How has the marketer allocated their marketing budget for acquisition vs. retention efforts?  You must know what efforts will give you the best return on investment Understanding the 80-20 Rule
  • 13.  The last thing you want to do is lose a customer you spent so much time, money and effort trying to find and convert to a sale Understanding the 80-20 Rule
  • 14. Once you’ve acquired a On- boarding new customer, you must develop a strategy to keep Loyalty them. Programs Cross-sell / How do we keep our Upsell customers? Advocates / Referrals CUSTOMER RETENTION Mission Critical: Post Sale Marketing Often forgotten: Activities to keep customers coming back and sending referrals
  • 15. Welcome / Appreciate On- boarding Phone Calls / In-Person Social / Mobile Connects Loyalty Programs Direct Mail / Email Cross-sell / Experiential Events Upsell Relevant Offers Ask for referrals Advocates / Referrals CUSTOMER FOR LIFE What media do we use? Building relationships not any different than maintaining a marriage.
  • 16. Putting the two together Customer Acquisition and Retention © 2012 Retail Merchants Association. All rights reserved.
  • 17. CUSTOMER ACQUISITION SALE Awareness Familiarity / Opinions On- boarding Consideration / Inquiry Loyalty Programs Compare / Shopping Cross-sell / Upsell Test / Trial Advocates / Referrals SALE CUSTOMER RETENTION Putting the Picture Together Your marketing plan needs to account for it all
  • 18. Let’s talk about today Linear vs. _______________
  • 19.  Again, customers still go through a buying process  But the media they use depends on, well, everything and anything  Where are consumers spending most of their time?  Where are YOUR CUSTOMERS spending most of their time? Know thyself Know thy customers
  • 20. Most importantly, don’t just be talking thinking they are listening to you  Develop a content strategy that is nothing short of relevant  If you do not know what your customers want from you, ASK. Be relevant
  • 21. Be prepared to listen. And listen intently.  Then surprise and delight them Be relevant
  • 22. Thank you. Direct questions to: Sally Witzky Director of Marketing http://retailmerchants.com © 2012 Retail Merchants Association. All rights reserved.