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Data Fusion The Final Frontier   An Introduction to  MARKETGEM ™     Michael Collins   BA(Hons), DipM, MCIM, FIDM   Managing Consultant - Database Marketing Counsel   Visiting University Lecturer in Database Marketing & CRM
The Classic Strategic Circle RESPONSE TUNE STRATEGY DATABASE COMMUNICATION ANALYSE RESPONSE
The New Strategic Circle CONTROLLED RESPONSE INTERPRET,  ANALYSE AUTOMATION DATABASE BROAD RANGE OF COMMUNICATION MEDIA UNCONTROLLED RESPONSE,  NEW DATA,  INTELLIGENCE ,[object Object],[object Object]
How do you understand your customers? Behaviour Purchases Responses Queries Complaints Profile Demographics Lifestyle Personal Psychographics Attitudes Aspirations Preferences Retention Acquisition Cloning
How Do Customers Segment Themselves? Email  Phone  Mail  Sales Visit SPECTRUM OF RELATIONSHIP I need constant contact I know where you are when I want something
Demographics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Lifestyles ,[object Object]
[object Object],[object Object],Demographics & Lifestyles may not be enough
Psychographics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],New small car that I can afford Flashy big used car with personalised plate
B2B Demographics ,[object Object],[object Object],[object Object],[object Object],[object Object]
B2B Discriminators ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
B2B Psychographics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Psychographics Adding to your database from research ,[object Object],[object Object],[object Object],[object Object],[object Object]
Why MarketGEM ™ ? 360 ° VIEW OF THE CONTACTS The WHAT, WHEN, WHO, WHICH & HOW MUCH Customers Prospects Suspects Promotions  Complaints Branches  Products Campaign Response Source Quotations Referrals Lifetime Expenditure Enquiries
Why MarketGEM ™ ? … but you also want to know   WHY? … .  and who else WILL behave in a similar way … .to build a model that will identify the “nuggets of opportunity” just waiting to benefit your relationship with your customers
A Process of data fusion……. The MarketGEM ™  Process
Your Systems Data (Customers &  Transactions) Start with your own data……. The MarketGEM ™  Process Names Addresses Postcodes Source Campaign history Response History Purchase History Enquiries Complaints Referrals Data acquired
Your Systems Data (Members &  Transactions) … enhancement & enrichment… The MarketGEM ™  Process External Qualification (Demographics & Classifications) Demographics Lifestyle Product Purchase Magazine Subscriptions Postcode verification
Your Systems Data External Qualification (Members &  Transactions) (Demographics & Classifications) … enhancement & enrichment… This is the basis for a fast start - maximising available data for business decisions Define your SEGMENTS and determine your “GOLDEN QUESTIONS” The MarketGEM ™  Process
The MarketGEM ™  Process Targeted Market Research Your Systems Data External Qualification (Attitudes &  Aspirations) (Members &  Transactions) (Demographics & Classifications) ..add bespoke research data…
The MarketGEM ™  Process Targeted Market Research Your Systems Data External Qualification (Attitudes &  Aspirations) (Members &  Transactions) (Demographics & Classifications) … a  model is built Deliver actionable direction for immediate benefit, stage by stage
How does it work?   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Notional scenario Customer & Prospect Details & Transactions CUSTOMER DATA MARKETING UNIVERSE Orders Sales Campaigns Complaints ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Tools for analysis, reporting, selection and querying
Application – consumer markets ,[object Object],[object Object],[object Object],[object Object]
Enhanced MBA – Travel Industry ,[object Object],Results reveal highest number of combinations Provides direction for cross sell Website or brochure layout Relationship management ,[object Object]
Application - Retailing ,[object Object],[object Object],[object Object],[object Object],[object Object]
Identifying the best “clones” ,[object Object],[object Object],[object Object],Application - Retailing
Application - Retailing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Second Rank Clones
[object Object],[object Object],[object Object],[object Object],Application - Retailing ,[object Object],[object Object]
Application – B2B ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Application – B2B  Company Name Postcode Business Demographics Sector Registration Code Advertising spend  Job Function  Job Title  Turnover  Product/Service 1. Business demographics: Enhancement /verification 2. PAF data  (UK & Foreign) Address verification & formatting 3. Weather/Travel Info 4. Advertising Monitoring Market share, expenditure comparison 5. Sector performance Adding External Data
[object Object],[object Object],[object Object],Application – B2B Examples of Business Opportunities Tiny businesses using show to network with similar businesses. Benefit: Sponsored “small business forum” yielded £25k opportunity Majority of high spending advertisers spent considerably more with competitors, using the client’s titles for recruitment, not brand advertising. Benefit: Sales objectives amended to attack competitor activity Some big names felt that their presence was vital to the event’s success and so were not signing contracts until the last minute or after the event. Benefit: Reducing the business risk through improved business process
Address uppermost business imperatives Growth – Effectiveness – Market Share ,[object Object],[object Object],[object Object],[object Object],[object Object],Why MarketGEM ™ ? … through Data Fusion
Why MarketGEM ™ ? Maximised yield from web and brochure layout £25k+ to bottom line, risk reduction & cashflow benefits £1.25m increased turnover
Thank You www.marketgem.co.uk Data Fusion The Final Frontier   An Introduction to  MARKETGEM ™
 

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Datafusion - delivering customer insight

  • 1.  
  • 2. Data Fusion The Final Frontier An Introduction to MARKETGEM ™ Michael Collins BA(Hons), DipM, MCIM, FIDM Managing Consultant - Database Marketing Counsel Visiting University Lecturer in Database Marketing & CRM
  • 3. The Classic Strategic Circle RESPONSE TUNE STRATEGY DATABASE COMMUNICATION ANALYSE RESPONSE
  • 4.
  • 5. How do you understand your customers? Behaviour Purchases Responses Queries Complaints Profile Demographics Lifestyle Personal Psychographics Attitudes Aspirations Preferences Retention Acquisition Cloning
  • 6. How Do Customers Segment Themselves? Email Phone Mail Sales Visit SPECTRUM OF RELATIONSHIP I need constant contact I know where you are when I want something
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15. Why MarketGEM ™ ? 360 ° VIEW OF THE CONTACTS The WHAT, WHEN, WHO, WHICH & HOW MUCH Customers Prospects Suspects Promotions Complaints Branches Products Campaign Response Source Quotations Referrals Lifetime Expenditure Enquiries
  • 16. Why MarketGEM ™ ? … but you also want to know WHY? … . and who else WILL behave in a similar way … .to build a model that will identify the “nuggets of opportunity” just waiting to benefit your relationship with your customers
  • 17. A Process of data fusion……. The MarketGEM ™ Process
  • 18. Your Systems Data (Customers & Transactions) Start with your own data……. The MarketGEM ™ Process Names Addresses Postcodes Source Campaign history Response History Purchase History Enquiries Complaints Referrals Data acquired
  • 19. Your Systems Data (Members & Transactions) … enhancement & enrichment… The MarketGEM ™ Process External Qualification (Demographics & Classifications) Demographics Lifestyle Product Purchase Magazine Subscriptions Postcode verification
  • 20. Your Systems Data External Qualification (Members & Transactions) (Demographics & Classifications) … enhancement & enrichment… This is the basis for a fast start - maximising available data for business decisions Define your SEGMENTS and determine your “GOLDEN QUESTIONS” The MarketGEM ™ Process
  • 21. The MarketGEM ™ Process Targeted Market Research Your Systems Data External Qualification (Attitudes & Aspirations) (Members & Transactions) (Demographics & Classifications) ..add bespoke research data…
  • 22. The MarketGEM ™ Process Targeted Market Research Your Systems Data External Qualification (Attitudes & Aspirations) (Members & Transactions) (Demographics & Classifications) … a model is built Deliver actionable direction for immediate benefit, stage by stage
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32. Application – B2B Company Name Postcode Business Demographics Sector Registration Code Advertising spend Job Function Job Title Turnover Product/Service 1. Business demographics: Enhancement /verification 2. PAF data (UK & Foreign) Address verification & formatting 3. Weather/Travel Info 4. Advertising Monitoring Market share, expenditure comparison 5. Sector performance Adding External Data
  • 33.
  • 34.
  • 35. Why MarketGEM ™ ? Maximised yield from web and brochure layout £25k+ to bottom line, risk reduction & cashflow benefits £1.25m increased turnover
  • 36. Thank You www.marketgem.co.uk Data Fusion The Final Frontier An Introduction to MARKETGEM ™
  • 37.