Tech4T - The Targeting Insight Company  +44 (0)1733 890790

Targeting Mapping Analysis Data Software

 

 

  • Helping you Retain (Reactivate) your most profitable customers

  • Acquire more of the same profile

  • Grow a greater share of profit from loyal customers     

Tech4T help you develop data-driven sales and marketing strategies to Retain, Acquire and Grow your customer base and its profitability.  

Understanding your databaseOur process involves taking what we term a 'Data Storming' approach. 
This in effect is a cost-effective specialist skills-extension to your marketing, analytical and I.T. staff.  We help you get closer to your customers and interact with them more profitably, pro-actively provide ideas and vision to help you identify and action new data-driven opportunities, and provide constructive input to developing a customer development road map. Use us as a sounding board!  

Here are some of the steps we follow...

  • First we need to understand your business goals and current/planned sales and marketing activities
  • Next we determine the 'targeting insight' needed to support your sales and marketing teams, and identify all suitable data sources
  • We take a copy of relevant customer and operational data, acquire any third party information, remove duplication and merge un-linked files with any external lists to create a 'single customer view' (SCV)
  • This we use to...
    Assess the breakdown of your customer base...
    - using tables, charts and geographic maps

    Determine customer measures and business metrics
    Define segmentation; track customer dynamics
    - Customer profiles/types/behaviours/influences/etc.
    Quantify customer value, profitability and potential
    - Profitability by business variables
    - Share-of-wallet
    - Acquisition, retention, loyalty levels
    - Cross-sell, up-sell, migration opportunities
    Assess customer and marketing impact
    - + and - %, revenue, cost, profit, value
    - Channels, sales models, territories
    - Brands, categories, products
  • From this analysis, we can work with you to develop an appropriate data-driven strategy, identifying segments to form the basis of message targeting and rules for 1-2-1 personalised promotions

Data Storming Approach
  • We can work with your selected creative team to develop offer and communication content
  • We can provide the campaign data production resource for personalised digital print, email broadcast and data-driven microsite
  • Then measure results and plan the next steps
  • Optionally, to support your in-house team, we can provide secure on-line access to a dedicated 'targeting workbench', plus give training via web

Focus marketing effort where it matters!

Start with re-activation - on high value inactive customer segments. Why?

As an example, if you have 50,000 customers, of which…

  • 10,000 are active (purchase last 12 months)

  • 15,000 are in-active (last purchase 12 - 24 months)

  • 25,000 lapsed (last purchase 24+ months)

  • Average order value = £50, Average orders per annum = 2.5, GP margin = 30%

Then by re-activating 10% of in-active customers plus  5% of the lapsed, you will generate…

  • 2,750 of what are in effect 'new' customers

  • £343,750 of additional turnover

  • £71,937 GP - after allowing 10% marketing cost (£34k)

                

>>> Click each section of the Venn diagram above, for details on 'up-sell' etc. 

Even if you already run a re-activation strategy, it is well worth examining the reason for churn - probably due to an 'experience' and also look for ways to improve that strategy using for example, value-driven segmentation.

To help, you use our latest dynamic re-activation/churn 'what-if' calculator.   Call +44 (0) 1733 890790 if help needed.

Technologies4Targeting Ltd., Geneva House, 3 Park Road, Peterborough. PE1 2UX. UK
 Tel: +44 (0) 1733 890790  Fax: +44 (0)1733 890799  Web: www.tech4t.co.uk  Email:
info@tech4t.co.uk

  Tech4T also partner with marketing and IT service providers to deliver lapse prevention solutions to their clients