#cnx14 - connecting the dots: customer engagement through the email marketing lens
DESCRIPTION
Today's marketing centers around 1:1 connections with customers, but many brands underestimate the importance of having email marketing as a key touchpoint across the customer lifecycle. Hear first-hand from customers about how they are driving enriching customer experiences through their email marketing programs—and beyond.TRANSCRIPT
Track: Email Marketing
#CNX14
#CNX14
Connecting the Dots
Customer Engagement Through the Email Marketing Lens
Track: Email Marketing
#CNX14
Goals
1 2 3
Understand the Customer Lifecycle
Journey
Learn about email engagement
opportunities at each stage
Discuss learnings and findings from campaigns across
the lifecycle
Track: Email Marketing
#CNX14
#CNX14
Pamela Dancisin, VP Marketing, Dollar Bank
@Padancisin
www.dollarbank.com
Track: Email Marketing
#CNX14
Dollar Bank
• Largest Mutual Savings Bank - $6.7 Million• No shareholders – focused solely on our
customers• Serving Southwestern, PA & Northeastern, OH• Headquartered in Pittsburgh, PA for 159 years• 60+ branch locations• Full Service – regional bank committed to
providing the highest quality banking services to individuals and businesses
• 1999 – Smithsonian Innovation in Technology Awards
• Purchased ExactTarget from CTRAC in 2010
Track: Email Marketing
#CNX14
#CNX14
Cara Olson, Director of Direct Marketing & eCRM@EmailGirl
@DEGdigital
www.degdigital.com
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Email Marketing Lifecycle Stages
Retain:Re-engage inactive subscribers.
Acquire:Obtain new subscribers.
Onboard:Make a good first impression, establish the relationship, and set the stage for future communications.
Grow:Convert prospects into customers and expand your relationship with existing customers.
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Engage•Abandoned cart•Birthday program•Browse retargeting•Loyalty program•Newsletter•Product update•Promotional messages•Transactional
Retain•Win back•Re-engagement
Onboard•Cross/up-sell•Welcome series
Acquire•Mobile opt-in•Social opt-in•Web opt-in
LifecycleCampaignExamplesBy Phase
Email Examples
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Engage•Abandoned cart•Birthday program•Browse retargeting•Loyalty program•Newsletter•Product update•Promotional messages•Transactional
Retain•Win back•Re-engagement
Onboard•Cross/up-sell•Welcome series
Acquire•Mobile opt-in•Social opt-in•Web opt-in
LifecycleCampaignExamplesBy Phase
Email Examples
Track: Email Marketing
#CNX14
Acquiring Banking Subscribers
Account Opening• Branch personnel • Contact Center• Online webpage
Marketing• Understand how customers want to be
contacted• Personalize the experience
Security• Focus on Security• Importance of being able to reach the
customer
Track: Email Marketing
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Track: Email Marketing
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Trigger Emails
Track: Email Marketing
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Track: Email Marketing
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In 15 months we have collected profile data for more than 20% of the list.
Track: Email Marketing
#CNX14
Key Insights• 23% of our list are men• 44% prefer dark wash jeans• 71% prefer flat front pants• Top styles: Regular fit, Relaxed,
Straight
• 77% of our list are women• 40% prefer dark wash jeans• 52% prefer “at the waist”• Top styles: Boot Cut, Straight,
Slimming, Curvy
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Engage•Abandoned cart•Birthday program•Browse retargeting•Loyalty program•Newsletter•Product update•Promotional messages•Transactional
Retain•Win back•Re-engagement
Onboard•Cross/up-sell•Welcome series
Acquire•Mobile opt-in•Social opt-in•Web opt-in
LifecycleCampaignExamplesBy Phase
Email Examples
Track: Email Marketing
#CNX14
After Account Opening…
• Onboarding emails sent promoting other services
• Mobile apps• IVR• Text Message Banking• Alerts
• Average Open Rate is 65%• Key opportunity to interact with
customers• Maintain consistent messaging across
channels• Clear call to action
• Next phase – encourage updating preferences
Track: Email Marketing
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Relevant Promotional Emails
Track: Email Marketing
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Engagement Results
No Profile Data
Open Rate: 9.6%
CTR: 1.92%
CTOR: 19.97%
O/D: 0.06%
Customized to Profile Data
Open Rate: 16%
CTR: 5.33%
CTOR: 33.5%
O/D: 0.23%
Track: Email Marketing
#CNX14
Relevant Promotional Emails
Track: Email Marketing
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Welcome Series
• Sent immediately• Opt-in sources: Email gate, home
page footer, checkout, registration, Facebook & contests, product microsites, co-registration
• Leads generated via the home page email gate are 4x more likely to convert in the first 6 months than all other lead generation sources
Track: Email Marketing
#CNX14
Welcome Series – Email 2 has 4 versionsNo purchaseNo style quiz
No purchaseCompleted style quiz
PurchasedNo style quiz
PurchasedCompleted style quiz
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Engage•Abandoned cart•Birthday program•Browse retargeting•Loyalty program•Newsletter•Product update•Promotional messages•Transactional
Retain•Win back•Re-engagement
Onboard•Cross/up-sell•Welcome series
Acquire•Mobile opt-in•Social opt-in•Web opt-in
LifecycleCampaignExamplesBy Phase
Email Examples
Track: Email Marketing
#CNX14
Banking Notification Emails
Track: Email Marketing
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Bank Marketing Messages
Track: Email Marketing
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Engagement Opportunities
• Personalize emails• Gentle reminder
• “We are your bank”• Services to enhance banking
experience
• KEY: Maintain a good email address and mobile phone number • Able to contact a customer if
these are delivered.• NOTE: Need a process to correct
incorrect email address’• Export a file from ET weekly to
correct email address issues• Create a table of email
address’ to exclude• [email protected]
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Happy Birthday! Or is it?
• 21% Open Rate• 6.88% Click-through Rate• 32% Click-to-open Rate• Above average revenue• This single email more
than doubled the number of birthdates on file
Track: Email Marketing
#CNX14
Revenue in the last 12 months is 3X what it was in the previous 2 years
Track: Email Marketing
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How can we make birthdays come more than once a year?
Track: Email Marketing
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Abandoned Shopping Cart
• We were able to recover over 50% more orders each month by reducing the abandoned cart trigger time from 72 hours to 24 hours.
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Engage•Abandoned cart•Birthday program•Browse retargeting•Loyalty program•Newsletter•Product update•Promotional messages•Transactional
Retain•Win back•Re-engagement
Onboard•Cross/up-sell•Welcome series
Acquire•Mobile opt-in•Social opt-in•Web opt-in
LifecycleCampaignExamplesBy Phase
Email Examples
Track: Email Marketing
#CNX14
Dollar Bank Plans to Re- Engage• Promote New Preference Center
• Send email – please update your information
• Focus on security and options
• Remind customers to update• Key – A/B testing of message and
successful interaction
• Re engagement of existing customers• List hygiene - deliverability• Any customer who hasn’t opened
an email within 6 mos.• Re engagement campaign series
(At least 2 before unsubscribe)• We Miss You• Need to hear from you• Last Chance
• After 12 months w/o engagement – unsubscribe
• Key – A/B testing of message and successful interaction
• Reporting is critical - Discover
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Tips for Re-engagement Campaigns
• Use a shorter template and subject lines that differs from your current emails to try and capture attention
• Focus on one clear call to action. Don’t send only one reengagement email. Test a variety of different content and calls to action to try and reengage subscribers
• Solicit feedback. Understanding why these subscribers stopped engaging can help inform future email program strategy and reduce subscriber inactivity.
• Experiment with the tone and sentiment that will be a good fit for your brand. Test to determine whether your campaigns see a lift with a straight forward approach or a more emotional appeal
• If possible, use any existing data to personalize the email and increase the chance of reengagement. Remind subscribers about the value of receiving emails from your brand.
• Don’t remove subscribers immediately after sending a reengagement campaign. Provide the opportunity for subscribers to reengage with your brand.
• When you remove subscribers, be explicit in communicating next steps and honor those statements. It should be clear at what point email messaging will cease.**Return Path, “Email Win-Back Programs – Everyone recommends them but do they really work”
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Two-Part Win Back
• Email one sent after 120 days of no opens or clicks
• Additional email sent 7 days later if no action on first email
• Inactive group (4-12 months of no activity) mailed less frequently, different subject lines
• Subscribers are suppressed after 12 months of no opens or clicks
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
We were able to win back more than 50,000 subscribers in the first five months of the program.This represents about 10% of revenue from email over the following 12 months.
Track: Email Marketing
#CNX14
Naughty or Nice
• Small list size but highly engaged
• Long-term focus is to continually build this list year after year
• Of those who opted in, 14% made more than one purchase in a two-month period
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Engage•Abandoned cart•Birthday program•Browse retargeting•Loyalty program•Newsletter•Product update•Promotional messages•Transactional
Retain•Win back•Re-engagement
Onboard•Cross/up-sell•Welcome series
Acquire•Mobile opt-in•Social opt-in•Web opt-in
LifecycleCampaignExamplesBy Phase
Email Examples
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Questions?
Track: Email Marketing
#CNX14
Track: Email Marketing
#CNX14
Take the after-session survey!
Take the survey in the Connections 2014 Mobile App
Join the Conversation!
#CNX14
$50StarbucksGift Card
Track: Email Marketing
#CNX14