powering predictable market expansion by discovering high propensity prospects #llcseries
TRANSCRIPT
#LLCSeries #LLCSeries
Powering Predictable Market Expansion By Discovering High Propensity Prospects
SPONSORED BY
#LLCSeries
Follow this webinar on LinkedIn & Twi5er
#LLCSeries
Demand Gen Report: @DG_Report Radius: @radius
Angela Zener: @AngelaZener
#LLCSeries
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Panelists MODERATOR: Andrew Gaffney Editor, Demand Gen Report
Angela Zener SVP of MarkeEng���Radius
www.radius.com [email protected]
Radius Messaging Framework June 8, 2015
Powering Predictable Market Expansion by Discovering High Propensity Prospects
AGENDA
➔ The State and Challenges of Predictive Analytics for Marketers
➔ 3-steps of Customer Insights Marketing
➔ Key Take-aways
Marketers are Really Not Cut out for This
Only 13% of organizations have the analytic skills they need in the marketing department
400,000 data science jobs in
the US
140,000 qualified
professionals to fill them
We use Analytics Narrowly and Primarily for Lead Scoring
Source: Forrester’s New Technologies Emerge To Help Unearth Buyer Insight from Mountains for B2B Data Report, 2015
Focus on Validating Correlations Not Looking for Patterns
Validating Correlations in
Existing Dataset
vs
Looking for Patterns in Big Data
Radius Messaging Framework June 8, 2015 CONTENT STRATEGY
The New Approach: Customer Insights Marketing
A B C D E F G H I J K L M N O
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Known market
New market
Targeting and Sinking
Building Customer Insights for Growth
Cus
tom
er G
row
th
Insights
Won customer insights
Find look alikes within your CRM (optimize)
Enrich won customer insights
Engage and gain insights for customer segmentation
Find look alikes outside your CRM (saturate) Build
predictive models to find more
Find unexplored new markets (predict)
Acquire, engage, and gain
insights for market
segmentation
Find adjacent markets (expand)
Customer growth and revenue impact
© Radius Intelligence. All Rights Reserved. www.radius.com
“We’ve seen tremendous lift in conversion & reduction in marketing costs with Radius’s platform as we work to bring our products to more small & medium-sized businesses.”
– Functional Risk Officer
Customer Segmentation with Enriched Data - Financial Institution CASE STUDY
CHALLENGE Even Fortune 100 organizations with boundless resources to invest in data aggregation & analysis struggle to improve marketing ROI due to the disparate, dynamic nature of small businesses.
➔ 201% increase in campaign response rates ➔ 30% lift in new customers converted (direct mail) ➔ 40% lift in new customer conversion (telemarketing) ➔ 41% improvement in data accuracy ➔ 11% incremental increase in new businesses
RESULTS
© Radius Intelligence. All Rights Reserved. www.radius.com
CHALLENGE Finding and converting qualified businesses in a cost effective way is one of the top challenges in a competitive SMB lending space. Fundera was able to acquire more customers at a lower cost by investing in ‘look-a-like’ prospects.
Customer Segmentation Helps Fundera Lower Acquisition cost by 70%
RESULTS 70% decrease in customer acquisition cost
CASE STUDY
SEGMENT SIZE CURRENT
PENETRATION
CUSTOMER VALUE AVAILABLE MARKET
“Unless you know the number of companies in the entire industry, you can’t judge whether your current customers from that industry are a small or large percentage of the whole, let alone how many additional companies from that industry are likely to buy in the future.”
- David Raab
Market Segmentation: Market Size and Characterization
Market Segmentation: The Attributions That Matter
Customer personas align your organization, strategies, and campaigns to a data-driven understanding of your customer. New sources of external signals help you pinpoint your ideal customers...
Simultaneous customer & market segmentation enables identifies marketers with 3x the available market and with 40% lift in conversions
Case Study: High-growth Software Firm Discovers Huge Market
DIRECT MAIL TELEMARKETING EMAIL SOCIAL ADS
Radius customers turn intelligence into campaign lift & cost reductions by targeting the ideal prospects with relevant messaging via multiple channels.
Verified emails and tailored copy increase opens 30%
and CTR 80%
Customized creative with social data
increases response rates by 200%
Social ads to look-a-like prospects reduces CAC
from $150 to $40
Customized calls & voicemails increase lead-
to-oppty rate by 10x
Acquire, Engage, and Win Customers
© Radius Intelligence. All Rights Reserved. www.radius.com
CHALLENGE FiveStars knew customer & market insight enable marketing to contribute to growth, however, even with internal data analysts, it was unfeasible to understand which markets to invest in using a fragmented combination of existing data and analytics providers.
Market Segmentation: FiveStars increases Marketing-driven Revenue by 20X CASE STUDY
➔ Reveal & target market segments w/ 2.5x
propensity to convert ➔ 20x increase in marketing-driven
revenue ➔ Optimize data analyst resources toward
product development ➔ Accelerated campaign execution w/
seamless integrations & interfaces
RESULTS
Real Results with Predictive
“Prior to Radius, we were limited in the ways we could understand our
target audience.”
“The insights we extract from Radius impact some of our biggest
marketing decisions.”
“ We’ve seen tremendous lift in conversion & reduction in marketing
costs with Radius’s platform.”
3x increase in total addressable market
200% lift in campaign response rates
4x growth in sales teams
40% lift in customer conversions
70% lower customer acquisition cost
16x on campaign ROI
$57MM in new opportunities created
9x ROI in Radius in 5 months
Key Take-Aways
Understand your strategy Know your true data limitations Understand where you are in the customer insight building stage More data is not more More insight is more Ensure end-to-end integration (no siloed projects)
Building Customer Insights for Growth
Cus
tom
er G
row
th
Insights
Won customer insights
Find look alikes within your CRM (optimize)
Enrich won customer insights
Engage and gain insights for customer segmentation
Find look alikes outside your CRM (saturate) Build
predictive models to find more
Find unexplored new markets (predict)
Acquire, engage, and gain
insights for market
segmentation
Find adjacent markets (expand)
Customer growth and revenue impact
#LLCSeries
Q & A // Panelists
Angela Zener SVP of MarkeEng���Radius
MODERATOR: Andrew Gaffney Editor, Demand Gen Report
www.radius.com [email protected]