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Innovative Direct Mail Strategies for New Revenue Growth in 2015

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Innovative Direct Mail Strategies for New Revenue Growth in 2015

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This presentation will cover how Print Service Providers, Marketing Service Providers, and agencies can adapt to the changing print market by leveraging new innovative strategies, as well as other technologies to improve the direct mail program results for your customers.

Marketing automation technology allows marketing service providers to build and launch campaigns with multiple outbound elements. With MindFire Studio, you can use direct mail, email, social, and web to create a campaign that will reach your target audience at multiple touch points.

MindFire Studio is one of the only marketing automation solutions that integrates direct mail as a key outbound element. By partnering with HP, we have made it easy for marketing service providers to schedule and deliver their personalized direct mail pieces. During this presentation, Smith Printing and Cober Printing will share case studies that show how using direct mail with the power of MindFire Studio has helped grow their revenue.

This presentation will cover how Print Service Providers, Marketing Service Providers, and agencies can adapt to the changing print market by leveraging new innovative strategies, as well as other technologies to improve the direct mail program results for your customers.

Marketing automation technology allows marketing service providers to build and launch campaigns with multiple outbound elements. With MindFire Studio, you can use direct mail, email, social, and web to create a campaign that will reach your target audience at multiple touch points.

MindFire Studio is one of the only marketing automation solutions that integrates direct mail as a key outbound element. By partnering with HP, we have made it easy for marketing service providers to schedule and deliver their personalized direct mail pieces. During this presentation, Smith Printing and Cober Printing will share case studies that show how using direct mail with the power of MindFire Studio has helped grow their revenue.

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Innovative Direct Mail Strategies for New Revenue Growth in 2015

  1. 1. Innova&ve  Direct  Mail  Strategies   for  New     Revenue  Growth  in  2015     MindFireInc       Thursday,  March  5,  2015    11:15  am  -­‐  12:15  pm   Loca7on:  Maryland  C    
  2. 2.  Presenters  for  todays  session     Joseph  Manos,  EVP,  MindFireInc     Cece  Smith,  President,  Smith  Print  &  Toolbox   Studio     Erwin  Driever,  VP  Technology,  Cober          
  3. 3.  Presenta7on  Overview   •  Current  Trends  in  the  direct  mail  industry   •  How  two  companies  have  used  marke&ng  automa&on  to  leverage   their  direct  mail  services  and  provide  more  value  to  their  customers   •  HP  Integra&on  for  increased  produc&vity  and  capability  for  direct  mail   programs   •  Case  studies  that  show  how  direct  mail  integrated  with  other   outbound  media  channels  leads  to  improved  results  and  new   customer  revenue  success   •  Summary  wrap  up:  Views  of  agency  and  print  service  providers  on  the   outlook  of  the  prin&ng  industry  as  it  relates  to  direct  mail  
  4. 4. LEVERAGING  FOR  SUCCESS  IN  2015     JOSEPH  MANOS,  EXECUTIVE  VICE  PRESIDENT   DIRECT  MAIL  TRENDS    
  5. 5. Trends  Impac7ng  Direct  Mail   According  to  the  DMA,  direct  mail   expenditures  in  the  United  States  are   expected  to  rise  to  $196  billion  by  2016,   which  represents  a  3.8  percent  compound   annual  growth  rate  (CAGR)  from  2011.    
  6. 6. Capturing  Interest   the campaign more than paid for itself when you consider that the cost of ucation at an Anthem school ranges from $15,000 to $40,000. Personalized postcard
  7. 7. Target  Audience  Messaging   To  make  the  messaging  more  relevant  the  target  audience  is   segmented  into  specific  groups     Technology  drives  the  ongoing  nurturing  to  each  group,  for   example:   –  Prospec7ve  student  leads  –  inquiries   –  Students  that  had  an  admissions  interview  but  did  not  enroll   –  Students  that  enrolled  but  did  not  start  classes   –  Students  that  started  classes  but  dropped  out   –  Current  students    
  8. 8. Request to be contacted form windows for additional engagement and emails sent them an email (Results not provided) ostcards varied recipient was d on which . The call to Personalized ss for a January d based on ram, closest dress. The lly generated ons and a video rk interest. To tudents were Based on their er of the udent after Personalized landing page © 2014 W. Caslon & Company. All rights reserved Page 3 Request to be contacted form The landing pages were versioned based on audience segment, preferred program, closest institution and student’s home address. The landing page included a dynamically generated map highlighting the closest locations and a video relevant to the student’s coursework interest. To continue the enrollment process students were asked to complete a contact form. Based on their responses the appropriate member of the admissions team contacted the student after receiving a lead report. Personalized landing pageAnthem Education Uses Cross-Media Marketing to Drive Enrollment Postcard with die-cut doors Doors opened to reveal message inside Auto-triggered thank you emails were sent to responders. Follow-up emails were sent to non-responders driving those students to complete the appropriate action in order to start at Florida Career College/ Anthem in January. CREATIVE There were two versions of the personalized postcard that was sent to selected recipients. Both were branded for the appropriate institution and were personalized with the individual’s name and Personalized URL. The postcards sent to students that started classes but dropped out included an additional die- cut element designed to attract attention. Anthem invested a little more to engage this group as it was considered the most likely to convert. REASONS FOR SUCCESS Strong segmentation. One of the key factors in the success of this
  9. 9. More  households   read  adver&sing   mail  now  than   they  did  25  years   ago    
  10. 10. Despite  the  myth  that  direct  mail  is  for  an  older   audience…                The  DMA  found  that  the  22-­‐24-­‐year-­‐old  age  group   is  the  most  likely  to  respond  to  a  direct  mail  offer    
  11. 11. According  to  a  recent  survey  conducted  by  Target  Marke7ng   magazine,  the  channel  that  delivered  the  strongest  ROI  for   customer  acquisi7on  for  B2C  marketers  was  direct  mail.                       Direct  mail  also  scored  the  highest  for  customer  contact  and   reten&on.    
  12. 12. Resurgence  of  B2B  Direct  Mail   •  DMA  reports  that,  65%  of   consumers  of  all  ages  have   made  a  purchase  as  a  result   of  direct  mail   •  The  average  response  rate   for  direct  mail  was  4.4%    
  13. 13. Evolu7on  of  Direct  Mail:  B2B  &  B2C   •  Leveraging  more  targeted  messaging   –  Prospect  versus  customer   –  Loyalty  program  levels   •  Nurturing  programs   •  Scoring  behaviors   •  Content  &ed  to  interests  &  behaviors   •  Sales  Ready  Leads  
  14. 14. Cost  per  Lead  Discussion  
  15. 15. LEVERAGING  MARKETING  AUTOMATION   FOR  REVENUE  AND  COMPANY  GROWTH   Customer  Panel    
  16. 16. Smith  Prin&ng  /  Toolbox  Studio     Cece  Smith     President        Managing  Partner   Smith  Print      Toolbox  Studio      
  17. 17. Business  Growth   What  has  the  MindFire  Marke&ng   plaform  meant  to  your  business  over   the  last  three  years  as  it  relates  to   new  revenue  growth?  
  18. 18. Business  Growth   •  We  had  the  HP  Indigo  for  short  run  work   •  The  MindFire  solu7on  provided  us  an  opportunity   to  tell  a  different  story   •  Major  point  of  differen7a7on   •  Addi7onal  areas  of  opportunity  at  a  different   decision  maker  level  
  19. 19. Building  Deeper  Customer   Rela7onships   How  has  offering  Marke&ng   Services  strengthened  your   customer  rela&onships?    
  20. 20. Building  Deeper  Customer   Rela7onships   •  Allows  us  to  beher  understand  their  business   •  Opens  up  a  dialogue  to  beher  understand  specific   objec&ves,  challenges  and  goals   •  Leads  to  follow-­‐up  ac&vi&es   •  We  can  add  value  –  price  differen&a&on   •  We  are  the  consultant  and  process  driver  
  21. 21. One  and  Done  versus  Long-­‐term   Programs   How  has  your  proposal  and  pricing   of  marke&ng    programs  versus   print  only  programs  changed?      
  22. 22. One  and  Done  versus  Long-­‐term   Programs   •  More  opportunity  for  long-­‐term  agreements  and   an  overall  increase  in  revenue  for  each  customer   •  Engagements  are  an  ongoing  process/program   •  It’s  not,  “should  we  do  it”,  but,  “when  and  how  we   will  do  it”   •  One  phase  ends…another  begins    
  23. 23. Expanding  Business  Ac7vity   How  has  offering  marke&ng  services   expanded  your  business  and   customer  rela&onships?  
  24. 24. Expanding  Business  Ac7vity   •  One  single  customer,  offers  two  levels  of  revenue   •  Create  a  marke&ng  program  and  it  leads  to  other   services  we  offer  as  part  of  the  total  program   •  Another  level  of  decision  makers  to  build  our   rela&onship  with  which  leads  to  other  print   related  services  revenue   •  Addi&onal  marke&ng  services  as  part  of  the  overall   customer  program  
  25. 25. Sales  Process   How  has  offering  marke&ng   services  altered  your  sales   process  and  were  customers   hesitant  to  say  yes?      
  26. 26. Sales  Process   •  You  can’t  sell  Marke&ng  Services  the  same  way   you  sell  Print   •  I  didn’t  sell  it  as  a  print  job   •  Understand  what  it  is  you  are  offering...it  can’t  be   about  prin&ng  postcards   •  You  may  need  to  hire  a  marke&ng  focused  team   member  to  sell  it  –  it  depends  on  your  team    
  27. 27. Sales  Process   •  When  you  get  to  the  execu&ves  for  marke&ng   services,  you  will  be  presented  other  opportuni&es   for  new  business  because  they  trust  you   •  It’s  no  longer  you  are  selling  print   •  What’s  great  about  offering  marke&ng  services  is   that  you  are  in  new  accounts  you  have  never   worked  with  before!   •  Engagement  is  100%  program  focused  now  
  28. 28. Successful  Customer  Programs   Let’s  review  a  couple  customer   marke&ng  programs  to  learn  how  it   all  comes  together.   Led  by   Strategy   Informed  by   Data   Fueled  by   Technology   Op7mized  for   Results  
  29. 29. WBU  Search  Program   <<firstname>>, Did you get your wallet?
  30. 30. WBU  Search  Program   Dear <<firstname>>, I’d like to help you finish your degree. The quickest way is to login and answer a few questions to help me find solutions for you. Or, you are always welcome to call me directly at (210) 853-0055. In either case, I look forward to hearing from you soon! Your Academic Advisor, <<advisorname>> 11550 IH-35 North San Antonio, TX 78233 $100 Credit for <<firstname>> <<lastname>> at WBU San Antonio Bookstore Given by <<advisorname>> after four weeks enrollment. Offer expires December 31, 2015. <<purl>> Presorted Standard US Postage PAID San Antonio, TX Permit 1001 <<firstname>> <<lastname>> <<address1>> <<city>>, <<state>> <<zip>><<advisorsig>>
  31. 31. B A P T I S T U N I V E R S I T Y S A N A N T O N I O November 3, 2014 Dear <<FirstName>>, I’m writing to check in with you. You started your journey to higher education, and I’d like to see you complete it. The fastest way for you to get back on your journey to a degree, is to login to your microsite and answer a few questions for your Academic Advisor so they can contact you ASAP with a plan. Your microsite is: <<purl>> Of course, you are welcome to call or come in, but visiting your microsite is the fastest way. If you are not planning on pursuing your degree at Wayland Baptist University, would you consider taking an anonymous survey for me? We want to get better—your insights might just be the catalyst for bringing about change. Anonymous Survey is here: www.wbusurvey.info The plain truth is that graduates still out-earn people without degrees. In general, this holds true for both undergraduate and advanced degrees. I want to be involved in helping you reach your higher education goals. Here is the information you will need to give to your Academic Advisor: Student I.D.: <<custom1>> Hours: <<custom2>> Money Invested: <<custom3>> Last Class: <<custom4>> Last Term: <<custom5>> Military Status: <<custom6>> Degree Status: <<custom7>> I hope to see you soon, Dr. Jim Antenen Executive Director/Dean Wayland Baptist University – San Antonio Wayland Baptist University | 11550 IH-35 North | San Antonio, TX 78233 | (210) 853-0055 | www.sa.wbu.edu
  32. 32. LeafGuard  Program  
  33. 33. Smith  Prin7ng  /  Toolbox  Studio         Thank  You  Cece        
  34. 34. COBER     Erwin  Driever   VP  Technology  
  35. 35. Enhanced  Print  Opportuni7es   You  have  an  innova&ve  use  case   for  Revlon  that  we  are  going  to   share  today.     How  did  you  create  the   opportunity  with  the  customer?  
  36. 36. Enhanced  Print  Opportuni7es  
  37. 37. UniqOneSweepstakes.caUniqOneSweepstakes.ca To enter, register and submit your unique PIN code found inside this band at UniqOneSweepstakes.ca Pour participer, inscrivez-vous et soumettez votre code NIP qui se trouve sur UniqOneSweepstakes.ca 55555
  38. 38. 55555 www.UniqOneSweepstakes.ca 55555
  39. 39. Personalized  Microsite   Win  A  Trip  –  Enter  NOW!  
  40. 40. Layout  #2  –  Language  Varia7on  
  41. 41. Personalized  Microsite   Language  Preferance  
  42. 42. Win  A  Trip   Marke7ng  Intelligence  Gathering  
  43. 43. Entered  to  WIN!  
  44. 44. Program  Results   •  20,000  bellyband  wrapped  products  with  QR  Code   and  PIN  shipped  to  salons   •  2,625  total  entries  (13.12  %)   •  2,165  unique  entries   •  377  scanned  the  QR  Code  (14.36%  of  respondents)    
  45. 45. More  Results…   •  25%  of  Responses  –  Mobile   •  75%  of  Responses  –  Desktop   •  97%  of  Respondents  who  reached  the  contest  entry   page  completed  their  profile  informa&on   •  Grand  Prize  –  Caribbean  Island  Getaway  for  Two   –  100  Second  Place  Winners  
  46. 46. Business  Growth   Recognizing  that  a  salon  customer   spends  more  on  product  than  the   typical  consumer  purchase  in  a  store,     what’s  next  for  the  Revlon  Program?      
  47. 47. Crea7ng  More  Customer  Value   How  are  marke&ng  services   deepening  your  customer   rela&onships?  
  48. 48. Evolving  Technology  Solu7ons   How  has  adap&ng  to  new   technology,  like  using  MindFire   Studio,  helped  you  increase   efficiencies  and/or  beher  manage   customer’s  expecta&ons?    
  49. 49.       Thank  You   Erwin        
  50. 50. The  Future  of  Direct  Mail     •  Con&nues  to  be  a    relevant    channel  for  marke&ng     •  Use  cases  and  frequency  of  use  will  con&nue  to  grow  in   complexity  and  volume   •  Nurturing  and  scoring  consumer  behaviors  essen&al  for   program  success       •  Seven  key  marke&ng  outcomes  can  only  be  achieved  by   linking  direct  mail  to  online  micro  sites     •  Ini&al  programs  can  be  expanded  to  address  other  areas  of   need  leading  to  a  significant  increase  in  revenue  and  profit    
  51. 51. How  Technology  Helps   Technology   Process   Tracking  
  52. 52. Campaign Workflow 9
  53. 53. Target  Lists   Channels   Triggers   Microsites   Payment  app  
  54. 54. Checkout  page   Personaliza7on  
  55. 55. Growth  beyond  the  Ini7al  Program   •  Iden7fy  current  home  owner   refinancing  opportuni7es     •  Time  sensi7ve  program   •  Very  successful  program   •  Program  has  grown  to  Millions  of   Purls/Pieces  a  month!   •  Taken  plaaorm  to  the  next  level  now   7ed  to  CRM  and  Call  Center  systems   Home Owners
  56. 56.  Summary   •  Innova&ve  programs  open  up  new  doors  of   opportunity  with  all  of  your  customers     •  Delivering  high-­‐value  results  creates   differen&a&on       •  Makes  you  a  key  strategic  partner  for  other  needs     •  You  can  deliver  results  for  your  customer  that   direct  mail  alone  simply  can’t  equal  
  57. 57.  Q  &  A   What  ques&ons  do  you   have  for  our  panel  of   speakers?  
  58. 58.  Thank  You  for  Adending   To  learn  more  about  MindFireInc   and  how  we  can  help  you  take   your  direct  mail  to  the  next  level,   join  us  at  our  booth.     Booth  #  601  

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