how we generated an roi of 10:1 by bringing data to life

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TANGENT SNOWBALL

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This is a presentation that was amde by Jonathan Pritchard of Tangent Snowball and Hannah Leyland of Plumb Center at the Marketing Week LIVE show 2012, 27th June 2012. Tangent and Plumb Center have worked together for several years. Tangent origianlly created the Branch Marketing Toolbox to help local branch marketing. Tangent then began working with the customer data to really undersatnd how to best drive footfall locally into branches. This campaign is one of the most succesful that has been run (it's success has just been repeated as of 1st July 2012) and really showed how, by using insight, innovation and influence, we could all really help to make a financial difference in a very competitive market place.

TRANSCRIPT

Page 1: How we generated an ROI of 10:1 by Bringing Data to Life

TANGENT SNOWBALL

Page 2: How we generated an ROI of 10:1 by Bringing Data to Life

HOW WE GENERATED AN ROI OF 10:1 BY BRINGING DATA TO LIFE

Page 3: How we generated an ROI of 10:1 by Bringing Data to Life

HOW WE GENERATED AN ROI OF 10:1 BY BRINGING DATA TO LIFEWAFFLE FREE!!

Page 4: How we generated an ROI of 10:1 by Bringing Data to Life

WHO WE ARE:

CRM and Digital Agency

Specialists in B2B (2C)

Worked with Plumb Center for 6 years

Marketing Week Engage Award 2012 winner for our work with them

Our philosophy: if we can’t measure it, we don’t do it

Page 5: How we generated an ROI of 10:1 by Bringing Data to Life

OUR APPROACH

• Strategy based on

data insight

• Use technology to serve

businesses and people

• Gain single customer view

from disparate data sources

• Create technology solutions

to meet business needs

• Drive savings, efficiencies

and new revenue

• Create personal,

relevant communications

• Influence behaviour across

multiple channels

• Report on everything we do,

show value at each stage

• Help make the business case

for future campaigns

INSIGHT INNOVATION INFLUENCE

Page 6: How we generated an ROI of 10:1 by Bringing Data to Life

WHO ARE PLUMB CENTER?

Wolseley Group Company

The world’s largest distributor of plumbing and heating products

Traditional, operations-led business

Facing similar challenges to everyone else.....

Page 7: How we generated an ROI of 10:1 by Bringing Data to Life

CHALLENGES:

Falling revenues in a recession

Large, inconsistently engaged local store network

Not getting sales traction where it really matters

National brand, but with an intensely local focus

Lack of visibility on what works vs what doesn’t

Marketing treated as a ‘service’ rather than integral to the business

Page 8: How we generated an ROI of 10:1 by Bringing Data to Life

MORE FREQUENT, REGULAR, PROFITABLE CUSTOMERS

Page 9: How we generated an ROI of 10:1 by Bringing Data to Life

OK. SO WE ADMIT PLUMBING ISN’T VERY SEXY. BUT WE THINK THIS IS....

Page 10: How we generated an ROI of 10:1 by Bringing Data to Life

10:1 RETURN ON INVESTMENT£MILLIONS IN INCREMENTAL REVENUE‘SEA CHANGE’ IN COMPANY CULTURE

Page 11: How we generated an ROI of 10:1 by Bringing Data to Life

SO WHAT DID WE DO?

Page 12: How we generated an ROI of 10:1 by Bringing Data to Life

INSIGHT...

Page 13: How we generated an ROI of 10:1 by Bringing Data to Life

INSIGHT

High levels of cut through to be successful

Real business insights have to be delivered when and where they are needed

All strategy based on data - right message, right person, right channel, right time

Make sure all insights are actionable - ‘So what?’

Page 14: How we generated an ROI of 10:1 by Bringing Data to Life

OUR APPROACHTRANSACTION

SEGMENT BY CATEGORY &

VALUE

CREATE CAMPAIGN &

DEFINE OBJECTIVES

COMMUNICATE & INTERACT

BUILD LOCAL RELATIONSHIP

TANGENT SNOWBALL

Page 15: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION...

Page 16: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION

Tangent Snowball Dashboard

Contained vital information

• Promotional spend to date

• Their targets

• Their reward

• Their previous sales data

• Categories they were buying in and more importantly, not buying

• Their up-to-date contact information

Page 17: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION

Page 18: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION

Page 19: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION

Regular, multi-channel, personal communications

Sent on behalf of branch manager

Customer facing microsite updated daily with personal spend

Personalised offers which incentivised spend in areas that customers were not

already spending

Page 20: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION

Page 21: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION

Page 22: How we generated an ROI of 10:1 by Bringing Data to Life

INNOVATION

Page 23: How we generated an ROI of 10:1 by Bringing Data to Life

INFLUENCE...

Page 24: How we generated an ROI of 10:1 by Bringing Data to Life

INFLUENCE

84% of branch managers accessed their dashboards during the campaign

Branches using their dashboard saw a 53% uplift in customers that hit their targets

Number of baskets during 2 months of promotion increased by 80%

AOV increased by 37% in the same period

Page 25: How we generated an ROI of 10:1 by Bringing Data to Life

INFLUENCE

Page 26: How we generated an ROI of 10:1 by Bringing Data to Life

LOOKING TO THE FUTURE:

Business is now accepting and inquisitive

Marketing now an integral part of the organisation

Increased use of multi-channel marketing

Promotional framework to content marketing framework

Can be used to ‘drive’ sales bumps when needed

Moving through the difficult ‘teenage’ years, and optimistic about the future

Page 27: How we generated an ROI of 10:1 by Bringing Data to Life

5 INTERESTING LESSONS LEARNED...

Page 28: How we generated an ROI of 10:1 by Bringing Data to Life

1. CULTURE:TO MAKE CHANGES, YOU WILL HAVE TO CHANGE THINGS

Page 29: How we generated an ROI of 10:1 by Bringing Data to Life

2. STAKEHOLDERS:PEOPLE WILL RESPOND IF YOU ADD REAL, MEANINGFUL VALUE TO THEIR LIVES

Page 30: How we generated an ROI of 10:1 by Bringing Data to Life

3. INSIGHT:GET INSIGHT TO WHERE IT MATTERS (AND WORK WITH GREAT PEOPLE)

Page 31: How we generated an ROI of 10:1 by Bringing Data to Life

4. TECHNOLOGY:MAKE TECHNOLOGY FIT YOUR BUSINESS (NOT THE OTHER WAY ROUND)

Page 32: How we generated an ROI of 10:1 by Bringing Data to Life

5. YOUR CAREER:EVERYONE LOVES THE PERSON WHO JUST MAKES A BUSINESS BETTER

Page 33: How we generated an ROI of 10:1 by Bringing Data to Life

6. BONUS LESSON:THE SOONER YOU START, THE SOONER YOU WILL SEE RESULTS

Page 34: How we generated an ROI of 10:1 by Bringing Data to Life

THANK YOU!