what happens when you remove the fear of digital?
TRANSCRIPT
What Happens
When You Remove
the Fear of Digital?
@eamogrant
Growth Hacking Traits
New Tech
Scalab
le
Growt
h
Psychology
Startu
ps
Digital Maps
Insuran
ce
DJ/Barman
Flowers
A washed up DJ with a
Love for Tech, Maps and Flowers
Who am I?
An opportunity to scale something without
limits, other than no Marketing Budget.
Where it came from?
FLICKR ROCKS
Presidential Inauguration,
Queens
Taoiseach
A little bit about me
A little bit about me
A little bit about me
Our first website - 2006
Product Market FitDear Customers,
We would like to ask you for 3 minutes of your time to help us
help you in 2012.
We have designed a short survey - 10 Questions in total,
which will take you less than 3 minutes to complete.
SURVEY LINK - http://www.surveymonkey.com/s/7BW88SZ
Simply - copy and paste the link above into your web browser and fill out the
questions for us.
As a thank you, we are offering anyone who submits the survey
in the next 24 hours a 10% discount code which can be used all
of next week online at www.WholesaleFlowers.ie
Thank you in advance for your time and custom.
Kind Regards,
Eamonn Grant
WholesaleFlowers.ie
Product Market Fit
Product Market Fit
Product Market Fit
Product Market Fit
We also launched a completely new
company at a wedding….
MVP - PhotoBooth.ie
MVP - PhotoBooth.ie
MVP - PhotoBooth.ie
MVP - PhotoBooth.ie
So how does this all apply
in a big business?
1911
2015
1915
1970
1989
2000
1998
1910 - 1999 Mutual / Not for Profit
Ownership Model
1999 - 2007 Private Limited Company
2007 - 2014 Private Equity
2014 - Floated on the London Stock
Exchange
Providing rescue services for
500,000Providing insurance to
200,000Employing (across the country)
400
Key to the AA brand’ssuccess and longevity
• A real customer
focus
• Innovation
2008 The world changed
2008
• Cut backs on discretionary spending
• Competition Intensified
• Revenues & Customer Numbers came under pressure
• Our main markets began to shrink – in volume & value
• Under private equity ownership, we became focused on cost
The world changed
2008• We stopped listening
• We stopped innovating
• We ignored our instincts
We did this all at the worst possible time
Our customers were changing
how they did their business
We saw a massive shift to mobile
Smartphone adoption
0% 10% 20% 30% 40% 50% 60%
2012
2007
Source: European Commission, Digital Agenda Scoreboard – Online Contect 2013, https://ec.europa.eu/digital-agenda/sites/digital-agenda/files/DAE%20SCOREBOARD%202013%20-%205-ONLINE%20CONTENT.pdf
Overall – 2008 saw:
• Revenues falling
• Customer numbers falling
• No innovation in digital marketing
• The ground shifting beneath our feet
We had lost our way
Huge Trust & Openness
to the AA
We had “no friends at
the party”
Insurance Broker or
Breakdown Service?
Our Brand Assets were
disconnected
Digital Marketing
outsourced
All channels were
Independently Operated
All CTAs were into the
call centre
Call Centre with a
website attached
No Mobile Capability
Our model wasn’t scalable
in it’s current form
Customers moving to
mobile 1% every month
No Attribution Models
It was time
for change
We placed
Digital
at the core
Digital InterventionConvincing the business of the need for change
Digital InterventionConvincing the business of the need for change
• Closed our last retail store in Oct ’13
• Completely redesigned all webpages
• Sought to deliver and integrate content through social
channels
• Moved key products to online only
MVP / Agile / Iterative Marketing /
Digital First
The Money
Ball Report
Peter Brand
An imperfect
understanding of
where sales come
from
Restaging the AA BrandAnd marketing mix in parallel
How are we doing
this?
Remove the Fear by delivering data driven
immediate results
For Example:
In the last 3
months
We Delivered Day
1 of our App as an
MVP
We introduced
Agile Marketing
& Development
We Launched 3
New Products
We are Lean
testing new areas
constantly
We have pushed
everything to
measureable
channels
We have gone
through 4 product
hacks… Top
Secret
So what has all this done for
the bottom line?
Brand Awareness
%
Quote Volumes
>100%
Doubled Mobile Adoption Rate
100%
Increase in certain Insurance lines online since 2013
500%
NB interactions starting online
%
But not always the way we expected…
The Leadership Mindset
The business has embraced the new world.
Our Business changedFundamentallyWe became an online service retailer with a support 24 months
Our Website became a filterThis greatly improved our call centre efficenciescreation of a Webchat team which has grown 400% the back of data.
We started working toROI
A good relationship with the pricing & finance team
Attribution models are the key
This left us asking fundamental questions#WhatIf
What we know…
We can’t keep up if we don’t do things faster than
and better than the market.
The better you get, the more uncertain things become
What CRM/Data Modelling do we use?
We need to leverage our unique position to deliver a
differentiated customer experience and make better
Step up UX
Most customers are happy to do business online /
Once you make it easy for them.
Final Thoughts
Growth Hacking is not just for startups.
If applied correctly it can produce incredible results
Thought leadership is key
Use data AND instincts to drive decision making
Keep agile
Keep it simple
Keep it Lean if you don’t - you lose in the long run
Questions.
@eamogrant
Thank you.
@eamogrant