As we wind into holiday season, we often press to squeeze the last fruits of the year by working long hours right before the break.  So it is again at Conclusive this year, as we are working at the last minute to finalize a White Paper on Trigger Marketing with the Aberdeen Group.

 

The Aberdeen research examines the components and performance of different types of event based marketing triggers, including life stage triggers, transaction and interaction behavioral triggers, as well as different stage of deployment, from event identification to response execution.  Preliminary results indicate that Best-in-Class organization benefit greatly from their investment in trigger marketing; with over 80% of the firms enjoying increased customer profitability, over 85% greater cross-sell and upsell, and approximately 95% with greater performance in precision marketing. 

 

In past research, Gartner has predicted a future of mass automated interactions – the Aberdeen Group confirms that it is well on its way.  Conclusive is convinced that the coming age of trigger marketing interactions are inevitable as well, and has been bonding the elements of such a solution for several years. 

 

The company’s foundation is in fact, based on automated marketing technology – Conclusive’s own listcleanup.com was delivering NCOA, list rentals and enhancements over the web while the concepts of marketing automation were still a twinkle in most of our eyes.  

In recent years, after the acquisition of Synapse Technology and Conclusive Strategies in 2006, and progressing with the adoption of the MicroStrategy business intelligence platform in 2007, we’ve accelerated our automated triggered marketing platform to emerge as a Best-in-Class solution.  We accept input from many different data providers, ranging from top tier consumer list and marketing data providers such as Acxiom and Experian, along with as well as other commercial off-the-shelf and/or proprietary sources, align rules for interpreting appropriate marketing communications for each data event, and invoke Conclusive’s long-established data delivery platform for delivery via direct mail, email, text messaging, or routing priority customer/prospect records to call centers.  Particularly our event driven marketing solutions in banking and with agency partner GSMarketing for Toyota have received acclaim as leading edge, forward-thinking trigger-based  solutions.
 

The core benefits of this integrated marketing platform are pinpoint timing and brutally efficient marketing.  The tentative title of Aberdeen’s report, in fact, states a major feature simply and to the point: “Timing is Everything”.  
 

Now as we finally hit the brakes and skid into the holidays, that same adage seems to also apply to our personal lives.  Thanksgiving is special every year, but this year, amid the hectic pace that surrounded our presidential election, amid the rock and roll of the stock market and amid the tension of global economic uncertainty, well, Thanksgiving just seems a little more so special and a little more “just in time” to save us from burnout. 

 

The Thanksgiving break seems to offer the perfect anecdote for the chaotic year – a solution, per se, that gives us a time out, a chance to enjoy a full bodied meal and reflect on the very many blessings that we enjoy as citizens of these great States, even despite the setbacks and challenges we might encounter along the way.  Our family will set aside a few hours this afternoon serving meals at an Austin homeless shelter, and then cook up that perfect Thanksgiving meal with friends tomorrow night. Looking ahead, I can sense that it will be the perfect solution, at just the right time. 

Here’s hoping that you enjoy the perfect Just in Time Thanksgiving as well.


HeadacheIn direct Mail marketing, that old adage, "the more things change the more they stay the same", does not always apply. As most of you know, starting November 23 the new move update regulations go into effect. Same old headache for the USPS, stacks and stacks of UAA(Undeliverable As Addressed) mail, but now they are counting on some sweeping changes to reduce that migraine to a mild aggravation.

Okay, here's the technical lowdown, after Nov 23 rd, all First-Class Mailings at automated and presort rates, and now all Standard Mailings will require some form of move update qualification within 95 days of the day of mailing. There are a number of approved methods but the NCOALink™, (National Change of Address) provides the most comprehensive solution. Your mailing list will run first through the CASS™/DPV™ with LACSLinkprocess to standardize the addresses, provide the bar code information and assign each address with a deliverability grade. The second step provides a change of address for any individual, family or business that has moved and filed a COA form with the USPS over the last 48 months http://www.listcleanup.com/content/NCOA_Link_move48.aspx . There’s also an 18 month option, that will also move update qualify the list.


Okay, returning to the headache. The USPS has hopefully relieved some of their pain, but now many in the mailing business are starting to feel more than a little discomfort, trying to wrap their brains around the regulations, the costs, the PAF forms that are required, explaining these new requirements to their Standard mailers, managing the time required, and a host of issues.. Well at the risk of extending this whole headache analogy too far, Listcleanup.com can be your aspirin or Tylenol, depending on how much pain you may be in at the moment.


We been helping people migrate through NCOALink™, and move update qualifications since the whole thing started back in 1997. For more than a decade, over 2,500 companies have trusted us for timely, efficient and cost-effective solutions. Along the way, we've added other services, tailored to provide our direct marketing clients an edge over their competition. Yet through it all, there are a few core values that have never wavered; a focus on customer service, sales and IT support, a seamless online order process that insures reliable, timely delivery of your orders and flexible pricing .


As my colleague, Bill Brennan, mentioned in a recent post, should you take on an in-house solution given all variables that will come into play, before speaking with us first? We have the answers, we can make this whole move update “challenge” simple, easy, and even better, we can show you how to earn revenue providing this service to your client.


Why bother with the headache, when you can call us.


Today the focus was on the move update changes, just around the corner. Down the road we’ll look into the range of data management services we can provide, all pointed in the same direction, what can we do to improve your direct mail bottom line ?

http://www.listcleanup.com/content/Default.aspx



The Value of a Customer

 

There is an old saying – “If it’s too good to be true, it probably is”  this saying along with “You get what you pay for” are truths many of us have had to learn the hard way.   With the new USPS mandated Move Update deadline rapidly approaching, many companies are looking at their options for purchasing NCOALink® and alternative Move Update services. 

Some NCOA vendors are offering (including Listcleanup.com) an all you can eat at one price option.   Now, shopping for the cheapest price seems like a logical solution, except when you consider the value of a customer.   Given the significant increases in NCOA volumes projected by the addition of Standard Mail in the new requirements, is it not logical that some vendors are going to have challenges in delivering on advertised turn times?    If the average mail house or lettershop’s monthly mail volume is traditionally 80% Standard Mail, then volumes for many of the NCOA providers could be quadrupling over the previous First Class volumes.  

So, when your customer calls and wants to know why their mailing went out later than promised, do you think they are going to be satisfied with the answer  - our company selected the lowest cost NCOA provider and they failed to return the file to us when promised?


Despite the dark cloud over the financial markets, it's an exciting time to attend the November 18-20 Bank Administration Institute (BAI) conference in Orlando.  World markets have been in a tailspin, a wide assortment of industry acquisitions, bailouts and bankruptcies are in abundance, while the consumer lending crisis seems to be at the center of an economic firestorm. Attendees will be eager to hear Colin Powell's comments, as well as an impressive array of other speakers ranging from George Stephanopoulos to Arkadi Kuhlmann (President/CEO of ING Direct) to Bill Taylor, co-founder of Fast Company.  
Colin Powell
Conclusive Marketing will exhibiting at the show highlighting our data management, data intelligence and data delivery proficiencies, alongside MicroStrategy, our chosen vendor for business intelligence and data analysis solutions.  The timing seems ripe for the industry to respond to a very challenging marketing environment whereby there must be marketing integration to ensure that all facets of programs work together to achieve the highest possible return on investment.

Conclusive's Event Driven Marketing platform provides a compelling option for banks to identify and prioritize customers who are in the midst of anomalistic transaction behavior; while our data delivery services offers banks tightly integrated methods of ensuring that each customer meriting communication receives communication.  Our relationship with MicroStrategy adds an extra array of value added solutions for the banking industry, solutions that particularly ensure  management can attentively monitor key customer-facing metrics.

If you are out in Orlando for the show, drop by to booth 1251 and let's trade thoughts about the changes you are facing, and what the perspectives of our keynotes and colleague presenters imply for these dynamic times. 

On a recent Alaskan adventure with my family I discovered that there is complex data science involved in the Alaskan salmon fishery.  The Alaska Department of Fish and Game use technology, such as sonar monitoring systems and advanced statistical models, to monitor commercial and sport catch as they track salmon migration into the various river systems to complete their natural journey.  The most interesting part is how this statistical research is utilized to communicate fish location to the fishing public through multi-channel communication methods; email alerts, websites, printed materials, broadcasts on TV and radio, now even automated text messages on the streams!  I would consider this a great example of real-time event based marketing.  As with any ecosystem, opportunistic bears also go where the fish are, without the need for technology; they just wait patiently for the fishermen to show up. We have unintentionally created data-enabled bears!

Alaska is everything I expected and more.  The grandeur of the mountains, rivers and sea, the vastness of the wilderness and the opportunity to respectfully interact with wildlife in this unbelievable setting is only enhanced by the data based science that protects this priceless renewable resource. 


What interests me about marketing is its dynamic nature. There are no set rulesit's an ongoing evolution. I'm looking to explore this process as we seek to integrate, execute, and measure to continuously improve yourmarketing ROI.

 

Sound familiar? Many companies believe they deliver on marketing ROI, but what they generally deliver iscampaign ROIa single campaign-email or direct mail, a single point in time, or a “high-five” for getting the campaign out the door. Even more “high-fives” if there are actually leads generated! 

 

Is that lead considered ROI? Absolutely not! Too often companies are tracking "leads per investment" instead of "return on investment." 

 

Ture ROI comes from viewing the complete marketing continuum—from business intelligence to data intelligence and data delivery (communication event) all the way through to response analysis, sales tracking and finally, the financial results that provide the ability to measure the efficacy of the entire effort.

 

Once prepared for the dynamic nature of the marketing process, you’re better able to adapt quickly to market changes, respond to immediate opportunities and more importantlymeasure true marketing ROI.  I look forward to sharing how we use integrated solution frameworks to manage this ongoing evolution with you.


With a slowing economy, it is important to use information to drive marketing communications. Data collection and analysis needs to create business intelligence that marketers can use to identify the right opportunity at the right time and guides marketers to deliver the right message.

Data is everywhere. It is with sales reps, in departmental databases, in market research departments, and list processing services to name a few. The first step to turning this data into marketing information is to utilize data management services.   

A key element to data management services is electronic data processing. Automatic data processing is used to consolidate data into a 360 view of the customer. Data quality management uses hygiene procedures to clean and standardize the data. Data consultants can assist in recommending data management solutions to address specific needs and concerns.

Once data is clean and consolidated, the second step is using advanced data processing to continue turning data into information . . .


Sophisticated new automated marketing systems designed by Conclusive aspire to reflect the highest form of marketing prowess—selecting and executing communications for customers as if your best sales representative was always there. 

That description (as if your best representative were there) might sound a bit "Back to the Future," but think about it—advertising and marketing departments have for years sought to present the best marketing communiciations possible to their customers, but have historically issued a relatively small number of messages and imagery in their communications in order to be realistically economic. For years we've recognized that type of communication strategy was suboptimal, if only because one or a small number of communications could never speak adequately, much less optimally, to all the members of a large customer base. To communicate most effectively with a customer base, one would have to be prepared with a nearly limitless set of communication options for each individual consumer. It would be as if [indeed] your best sales representative(s) was on the virtual showfloor greeting each customer, selecting their messages according to the very wide set of factors that might be influencing each of those customers' choices.

What might the "best" sales representatives be looking for? Well, they'd be observing each consumer as they enter the store, recognizing how they dress, what they drive, whether they had children at their side . . . they'd notice what seemed to interest each consumer and they'd align their own efforts to sell the store products that most closely matched the combination of the consumer's interest and situation (i.e. factors that might lead them away from their initial interest, such as what they wore, what they drove, and those children . . . ). Frankly this is how the best sales and marketing departments operated a century ago—they just had no scaleability to apply their "best practices" to more than a consumer or two at a time!

So advertising and marketing evolved to determine central messages that could appeal more economically to larger numbers of consumers. Hence mass marketing flourished. The trouble was, that evolution brought the messages further and further from each individual consumers' interest. Now with the emergence of deep databases and technology that position us to more elegantly overcome marketing's "scale" issues, its time to evolve back!—back toward "human" marketing that lets us conduct careful and thoughtful custom communications for  thousands upon thousands upon thousands of individual customers as if we were meeting each individually on our virtual showfloor.

What is Conclusive's plan for this marketing future? The key is structuring marketing solutions to simulate human practices—leveraging any and all knowledge known to the marketeer, building "rules" that can determine the most appropriate communications to issue each consumer based on their interactions with us, and enslaving technologies that can execute those predetermined communications automatically when customer interactions are detected. Conclusive have meaningful assets in all these areas and has begun building an as-yet-to-be-named next generation solution that captures the essence of the "best" salesperson in a scaleable marketing automation platform. 

On our website, we call the ingredients Data Management, Data Intelligence and Data Delivery. Together, it can also be called Event Driven Marketing, Knowledge-based Marketing or Interaction-based Marketing. Funny though, to me (despite all the new terms) all this sounds so old as to be new.