Personalize or die: the secret to increasing email open rates, clicks — and revenue (webinar)
VB WEBINAR:
Email marketing is the undisputed marketing ROI leader and the preferred channel for your customers — so why are you losing money? Join our live webinar to find out from the experts how personalization can dramatically increase open rates, click-through rates (CTR), and revenue.
A huge chunk of data-driven marketing relies on basic psychology — what do customers really want, and how can we make them happy?
“Every customer has different habits and preferences — we can’t ignore that,” says Matt Olsen, senior manager of digital marketing at Firehouse Subs, the rapidly-growing QSR encroaching on Subway’s market share. “It’s much harder to change behavior or create new behaviors from scratch than it is to encourage existing behaviors, so we want to work with our customers’ habits to achieve success.”
That’s why personalization has to be more than just plugging a customer’s name into an email. Olsen calls that a “really small baby step.”
“It’s more about the overall marketing strategy and content, he notes. “Those little baby steps are good, but we need to give them the content that’s right for them. Let’s just give them the content and the messaging that’s theirs, that’s going to encourage their repeat behavior.”
Most of Firehouse Subs’ customer data is harvested from the customer loyalty program. Integrated with the retail point of sale, the loyalty program offers data about purchase habits and visit frequency that offer real results. The company regularly sees conversion of lapsed customers back into regular customers with simple customization based on recency and frequency.
Data is important, Olsen emphasizes, but every company needs to look carefully at their marketing strategy to determine exactly what specific profile fields will drive results. If you start to delve into third parties that can help with demographics and psychographics, he warns, “you start to run the risk of almost having too much data.”
That’s a serious budgetary issue. Getting useful data beyond those basics, Olsen warns, can be difficult and expensive. From point of sale to analytics tools to data integration and a solid communication platform, it can cost a lot of money. But for Firehouse Subs, it’s worth the investment to get exactly the information they need.
Brands like these are succeeding because personalization works. As VB Insight’s recent email report shows, personalization dramatically increases open rates, click-through rates (CTR), and revenue — as much as 2.5x CTR and 6x increase in transactions.
Tune in to the upcoming webinar as VB Analyst Andrew Jones shares the top takeaways from the report and is joined by Olsen and other pros who will share the strategies behind their success.
In this webinar, you’ll learn how to:
- Boost sales and cement customer relationships
- Avoid key challenges to implementation
- Learn best practices for adopting high tier personalization
- Get independent vendor ratings for personalization solution
- Partner with the right companies
- Avoids the gotchas of personalization
Don’t miss out!
Speakers:
Andrew Jones, Analyst, VB Insight
Monica Zent, CEO, Foxwordy
Kevin Michael Gray, Founder, ApproveMe
Matt Olsen, Senior Manager, Digital Marketing, Firehouse Subs
Moderator:
Wendy Schuchart, Analyst, VentureBeat
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