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Demystifying Big Data & Marketing Automation A Guide to Defining a Customer Lifecycle Strategy gregbeazley.com

Demystifying Big Data & Marketing Automation - A Guide To Defining A Customer Lifecycle Strategy

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Demystifying Big Data & Marketing Automation

A Guide to Defining a Customer Lifecycle Strategy

gregbeazley.com

About Me Surfers In A Dress

About Me

• 7+ years Agency & Client-side

• Events > Advertising > Marketing > Consulting

• Datarati

• Marketing Automation specialists

• Data-driven Customer Lifecycle Marketing

• Actionable Insights

• News Corp Australia

• Blog: gregbeazley.com

surfersinadress.com

About You

Why are you here?

Your big data is all of the response and activity generated by your digital marketing efforts. The problem is, how do you integrate all of that data in order to make more effective marketing decisions? We look at

best practice in marketing automation and how to better nurture leads through the sales funnel.

Big Data Marketing Automation

Improve the journey

throughout the Customer Lifecycle

What is “Big Data”?• Importance of Data• Access to Technology• Visualise & Manipulate• Predict & Automate

What is “Big Data”?• What/who for?• Complete picture?• What is Big Data NOT?

What is Marketing Automation?

• An enabler for data-driven marketing• Connecting the dots to Automate

(API)• Behavioural data

CRM Database

Marketing Automation Database

Customers & Prospects

What does Marketing Automation do?

Landing Pages Forms

Data Management

Segmentations

Measurement Pipeline & Revenue

Cookie TrackingSMSPURLs for DM

What is Marketing Automation trying to optimise?

• Revenue Cycle Funnel & Customer Lifecycle

• Bridging the gap between Marketing & Sales

Marketing SalesMarketing Automation Database

CRM Database

Customer Lifecycle Management

How to take Big Data and use Marketing Automation to make it useful

Traditional Approach• Linear path to purchase• Easy to control• Drop-offs > Re-acquisition ($$$)• Disconnect between Marketing

& Sales

Acquisition Conversion

Conversion

Small Conversion %

Marketing Spend $

Attract

Engage

Convert

Retain

Permission• Permission to Market cross-channel• Build a relationship• Targeted communications (email,

display, social)

Acquisition Conversion

Conversion

Relationship

Permission loop

Permission Capture

Relationship• Market in a known way (targeted)• Drive to first-time purchase• We know who you are and what

you like

Acquisition Conversion

Conversion

Relationship

Permission loop

Permission Capture

Conversion

Welcome Abandonment

Browsing & Reminders

Repurchase• Buy for a second time• Up Sell & Cross Sell other

products• Product life cycle

Conversion

Transaction e.g. Thank you

Repurchase loop

Cross Sell

Replenishment e.g. prepaid, vitamins

Stickiness• Brand Preference• Competitive Differentiation• Rewarding Loyalty

Conversion

Service Alerts e.g. flight delays

Stickiness loop

Ratings & Reviews

Referrals

Win Back• Recapture Customers from

Defection• Avoid re-starting the cycle

Conversion

Win Back loop

Win Back

Re-permission• Maintaining & recapturing

permission across channels

Conversion

Re-permission loop

Relationship Targeted

• Targeted Campaigns throughout the lifecycle to increase conversion

Customer Lifecycle• More prescriptive approach• More effectively map campaigns

against the lifecycle• Automate customer experience to

help generate pipeline & revenue

Conversion

Re-permission

Relationship

Win Back

Stickiness

Re-purchase

Acquisition Conversion

Conversion

Permission

Conversion

Targeted

Customer Lifecycle Campaign Ideas

1. Engage2. Educate3. Convert4. Excite5. Renew6. Reward

5 Key Takeaways for you to action immediately

1. Understand what your current lead management process is

• Workshop with Sales & Marketing

• Map out the journey (LucidChart, Visio, etc.)

• Identify gaps (why isn’t there a Welcome Email?)

• Think of logical campaigns to fill the gaps (what companies do you think offer a good customer experience?)

5 Key Takeaways for you to action immediately

2. Map out what a future state lead management process should look like

3. Identify the core stages in the Customer Lifecycle

4. Identify what fields and statuses you will need to trigger campaign activity and measure success

5. Assess your business’ CRM & marketing automation requirements and investment

References

• Big Data: • Marketing Technology LUMAscape • Gartner Digital Marketing Transit Map

• Revenue Cycle Funnel: • Marketo Revenue Cycle Funnel

• Customer Lifecycle: • Responsys Customer Lifecycle • Datarati Customer Lifecycle Campaign Ideas