learn how to enhance your multichannel marketing strategy...
TRANSCRIPT
epsilon.com
Learn how to enhance your multichannel marketing strategy with real-time results
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Contents
3 The Multichannel Marketing Strategy
5 The Multichannel Marketing Solution
7 The Real-Time Shift
8 Epsilon Recommendations
11 The Dashboard Elite
14 Epsilon Overview
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The multichannel marketing strategyToday consumers are interacting with a wide array of media on a daily basis. It is not uncommon for a consumer to be browsing online while watching TV and checking social media on their phone all within the same few minutes. If your members are on multiple channels, it only makes sense that you meet them halfway using the media they value most.
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The multichannel marketing strategy
Single channel marketing is no longer the most effective way to connect to your prospects. You can send a direct mail piece announcing your new club and you may capture the interest of a potential member. However, also sending a targeted follow-up email or placing a strategic targeted display ad on the sites your prospects visit most is going to help drive conversion.
Performance with direct mail only
Stronger response with direct mail & email
Increased response withdirect mail, email, & TDA
ONLYdirect mail
30%STRONGERRESPONSE
70%INCREASEDRESPONSE
+ ++
• Direct mail alone has a limited response
• Email is stronger to gain exposure
• Targeted Display Ads are extremely effective
Response rate comparison:
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The multichannel marketing solution
Dig
ital
Tradition
al
Social
As you can see there are a vast array of marketing channels available. So now that you know using multiple channels increases your member conversions you may be tempted to use them all.
But wait, you need a strategy.
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The multichannel marketing solution
How your multichannel marketing funnel should look once you have developed your strategy.
GROW OPTIMIZE MAXIMIZE
FITNESS CAMPAIGNS
Traditional
DigitalSocial
Technology
Landing Pagesign-up
ProspectsLeadsMembers
Former
conversion points
conversion points
conversion points
conv
ersio
n points
conv
ersio
n points
conv
ersio
n points
Phone-in
Walk-in
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Evolve to a multichannel approach based on real-time data
From “blind” marketing
Old
App
roac
hO
ptimized approach
Single campaign approval, Budget based
Focus on longer-term outcomes
Lower cost per join
Respond on delayed data
Offer and creative do not match across tactics
Respond on real-time data
Results drive match of audience/offer
Blast offers at random
Channel matched based upon ideal member
Execution based upon desired action
Manual data collection with lengthy turn times
Immediate review and adjustment
“data-driven” marketing
Goals
Audience / Offers / Channel
Execute
Measure / Refine
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18 - 24 25 - 34 35 - 44 45 - 54 55 - 64 65 - 74 75 +0%
5%
10%
15%
20%
25%
30%
5%
20% 18%
28%26%
11%
5%3%
14%19%
23% 22%
16%13%
166 139 94 126 118 69 36
*Element is displayed at the individual level
One Two Three Four Five0%5%
10%15%20%25%30%35%40%45%50%
35%
45%
14%
5%1%
37%
46%
12%
4% 1%
95 98 117 113 105
Downtown Fitness Index
This information is confidential and proprietary to Epsilon Data Management, LLC and its affiliated entities, and is intended only for theuse of the recipient. If the reader of this is not the intended recipient, you are hereby notified that any dissemination, distribution orcopying of this document is strictly prohibited.
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$0-$29 $30-$74 $75-$149 $150-$249 $250 +0%
10%
20%
30%
40%
4%
21%
34% 35%
6%
31%
38%
23%
7%
1%
14 54 146 482 685
*These numbers are displayed in thousands
< $110 $110 - $199 $200 - $350 $351 - $500 $501 - $700 $701 - $999 $1,000 +0%
10%
1%
6%
12%13%
8%9%
11%12% 12%
7%
2%1% 0% 0%
11 52 155 568 726 1,862 4,275
*These numbers are displayed in thousands
Downtown Fitness Index
This information is confidential and proprietary to Epsilon Data Management, LLC and its affiliated entities, and is intended only for theuse of the recipient. If the reader of this is not the intended recipient, you are hereby notified that any dissemination, distribution orcopying of this document is strictly prohibited.
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Epsilon recommendations
Determine who your members are and understand their needs and perspective. Do a detailed analysis on where your members live, their demographics, their purchase habits and how they prefer to interact. Identifying the member benefits should trump goals for individual products or channels.
When creating the messaging approach, the balance of personalization and discretion should hinge on member preferences. What mediums do they respond to, how often do they like to be contacted, what do they look for in a club, what would benefit their lives.
1 The right audience
2 The right time
3 A relevant and individually meaningful message
4 The right media channels
Know your members Your strategy should include:
Age of Total Adult Population (Individual)
Number of Adults in Household
Income
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Epsilon recommendations
Don’t just use a shotgun approach and market through every channel all at once. This is counterproductive and will be unnecessarily expensive.
Experience has proven the benefit of starting with a small campaign execution, while ensuring the vision and the capabilities have a longer-term roll-out in mind. This approach will allow proper refinement to both the models and the strategy framework, balancing against multiple KPIs, and pressure testing both the technology and messaging.
Think big, but execute small
Digital
Social
Mass Media
Traditional Direct
5%
15%
20% 60%
IMP
RES
SIO
NS
DAILY EXECUTION
INCREASE ROI BY REALLOCATING BUDGETS TO THE MOST EFFECTIVE MEDIA CHANNEL MIX.
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Epsilon recommendations
The shift away from a delayed reaction “blind” marketing approach to real-time responsive, fact-based action requires a change in mindset. As a club owner you must be willing to invest the time and resources to understand data-driven, responsive, and flexible marketing approaches. This process is simplified with the use of a comprehensive dashboard that tracks your marketing campaigns in real-time allowing execution and refinement based on current performance.
When enlisting a data analysis and measurement tool, such as a comprehensive dashboard, be sure that it is optimized for your experience. A user friendly interface is necessary so that you can navigate easily and train your staff to view and manage as well.
Finally, while embracing multichannel marketing, club owners should continue to recognize the value of direct response communications, such as direct mail and email. Ensure that those activities are also input into the comprehensive dashboard and are aligned with the overarching marketing plan. Remember that all communications must be tailored to the member experience. If they are not responding well to a specific media channel it is time to reallocate your resources to a channel that resonates with them.
Support the “data-driven” mindset
-30% +40% +70%
RESULTS
Trending
MAKE CAMPAIGN ADJUSTMENTS BASED ON YOUR RESULTS
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Epsilon Elite Dashboard offers data accumulation and interpretation from the most influential marketing platforms regardless of provider.
Delivering on-demand campaign data at the click of a button
Elite Dashboard
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Epsilon Elite Dashboard
Our powerful and easy to use reporting dashboard provides the integrated analytics you need to accurately measure your traditional, social and digital marketing strategy.
All your marketing analytics and reporting in one platform
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• Report generation with scheduling
• Configurable reports
• Automated reporting system
• Refine to show one service
• Performance indicators
• View trending metrics
• Trend analysis, and timely decision-making
Epsilon Elite Dashboard
Benefits:
Quickly see how all of your marketing campaigns are performing with a high-level view of your key marketing analytics right from your central and unified dashboard. One account, with all your marketing data.
Integrated Reporting Dashboard
91SCORE
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So ask yourself,
1 Do you have a multichannel approach to your health club marketing?
2 Do you have the proper tools in place to measure your efforts?
Epsilon is the proven industry leader in creating, executing, and managing engagement programs. Our experienced member acquisition and member engagement programs will help develop a program that aligns directly to your business goals and is efficiently implemented. Epsilon’s data team and analytics expertise will ensure that your offer will match your desired result.
With our proprietary or partner customer experience marketing solutions, Epsilon delivers personalized, multichannel marketing to your most ideal prospects. Our agency resources are integrated throughout, ensuring that messaging is compelling, on strategy, and delivers superior customer engagement.