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| This issue features
important takeaways from marketers who attended the DMA 09 Annual conference. |
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| INSIGHTS
FROM ERNAN |
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| INFO
TO HELP YOU |
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| YOUR
FEEDBACK |
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| 2. |
This will require a complete
re-thinking of “CRM” strategies: |
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Must shift from the current emphasis on Customer Relationship
Management / Manipulation to… |
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Emphasizing the Customer and Relationship and changing from
Management to Marketing…since any time you “manage” relationships…they don’t achieve their potential. |
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The good news is that this all translates to the bottom line.
Per results tracked by clients who have implemented true relationship driven strategies, double-digit increases in response
and revenue are the norm. |
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With best wishes,

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17
Important Takeaways from the DMA 09 Annual Conference
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David
Daigle
Manager, Direct Marketing
ATB Financial |
Tip
1:
Surveys/VOC’s/Panels/etc. conducted prior to 12-18 months ago have very little worth today due to the economic conditions we find ourselves in (even up here in Canada – but
to a lesser degree). The way consumers research, make purchases, save vs. spend, etc. has all been turned on its side due to economic uncertainty. If we are basing business
decisions on survey and panel results from prior to the economic crisis, we are making them on old information. Without fully throwing away the old information collected,
we need to ensure we are garnering new insights from new surveys, panels, forums, and more specifically Voice of Customer Research communications conducted recently. In fact,
the comparison of old vs. new may foster additional insights not even thought of yet.
Tip 2:
Customer Satisfaction is just the even-level playing field; VOC and action upon it is the next level. My fear is that we are way too focused merely on Customer Satisfaction to
the point of having our Salary-At-Risk (bonus structure), partially depend upon it anywhere from 10-25%. If CustSat is merely the minimum expected experience of our customer,
of course we better be scoring in the 90’s. Otherwise, we are ripe for attrition. We conduct numerous panels, surveys, interactive forums, etc to garner intelligence about
our customers. From there, I don’t believe we are appending results to our database. This might be a huge missed opportunity for us. As I am only one hand of the company
that doesn’t always know fully what the other hands are doing, your sessions will at least stem good dialogue internally at ATB to confirm we are taking our CustSat and
going beyond. Then, it is the next step in gaining Opt-In dialogue with our customers and acting upon it. We got to walk before we run though. |
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Eric
Greenberg
Vice President Marketing
Life Line Screening |
Tip
3:
“Opting in” is about a lot more than channel preference.
Many companies talk about the fact that their customers have “opted in.” What this usually means is that the customers have agreed to accept whatever emails that
a company chooses to send out. “Opting in” is about so much more. It is about taking the time to learn a customer’s preferences – not only for the channel
of communication we use, but for the kinds of products and services they are interested in, their needs, and how they would like to engage with us.
Tip 4:
Strong customer service is simply a ticket to entry in the game…customer engagement is what drives repeat purchases.
Many companies feel that strong customer service is not only a major competitive advantage but what drives repeat customer purchases. Ernan’s VOC research would seem
to suggest that strong customer service is simply a minimum and expected requirement of our customers. What really drives repeat purchases is a strong feeling of engagement
by our customers with our brand and our company. |
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David
Siegel
Senior Vice President, Corporate Strategy
1-800 Flowers.com |
Tip
5:
Due to the challenges of “short-termism” that exists in corporate America, companies will often focus on the immediate transaction at the expense of the long-term
relationship - with the belief that by "getting" the customer now, we will successfully retain the customer.
Often, the opposite is true if the act of "getting the customer" does not truly add value to the customer, engage with the customer and build long-term trust.
A perfect example of this is the proliferation of emails in the ecommerce space. Frequently emailing one’s best customers may lead to more short term sales, but the resulting
customer attrition far from compensates for the immediate sales. As organizations, we need to focus on engaging with customers and adding long term value. |
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John
A. Meyer
CEO and President
Acxiom Corporation |
Tip
6:
For today’s most successful marketers, the lines are blurring between online and offline channels. If you talk about the digital or offline as additional channel for
marketing – You are obviously from the direct mail world.
They’re either looking to integrate these channels, or they’re starting to formulate marketing strategies that are indifferent to the mode of delivery.
They recognize the need to have a full view of the customer life cycle, a view that incorporates different channels for different purposes, different products at different
times. Increasingly, these marketers also understand that their future success hinges on the ability to recognize the customer and personalize the message across all channels.
Tip 7:
The companies that make this adjustment early and choose the right business partners to
execute are the ones that will benefit most, regardless of market conditions. The ones that can expect to gain optimum business advantage are the ones that place consumer
privacy at a premium and gain the trust of individual consumers, who will then be more willing to share their preferences and personal information to keep the commercial
cycle moving with minimal friction. |
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Marcelo
Nogueira de Castro Monteiro
Credit Cards Planning Superintendent
Banco Itau Unibanco |
Tip
8:
It is very important to know and understand our customers to improve sales results. VOC Research can be a powerful tool to do that.
Tip 9:
We definitely have to pay attention to the relevance of social networks. |
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Dr.
Ramesh A. Lakshmi-Ratan
President, Pitney Bowes DMT |
Tip
10:
DMA09 the greatest marketing conference in the world, was full of presentations, conversations, and success stories that provided yet another affirmation of my belief that
addressed, context relevant integrated multichannel communications is where the market is going.
Tip 11:
I believe that the world of Customer (and prospect) Communications has moved from anonymous broadcast to relevant targeted messaging and the future will belong to sophisticated
marketers that can use data, analytics, multiple media with context and make the relevance appear truly serendipitous. |
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Lisa
Clawson
Senior Marketing Manager
Microsoft Corporation |
Tip
12:
It was confirmed at the various sessions I participated in that a vast majority of companies are struggling with the social media phenomena. Definitions of how we go-to-market
are evolving as well as the primary KPI's. And as a relationship marketer, I recognized that relationship marketing should not only be accomplished with those customers you
have in your database, but that we need to extend our “relationship/customer engagement” into the blogosphere.
Tip 13:
Opt-in relationship marketing is, however, still the most effective way to deliver relevant and efficient marketing. |
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Jim
Fitzgerald
Taradel, LLC |
Tip
14:
I feel I have a better understanding of how to segregate my marketing spend to better influence my larger customers. Currently we spread our marketing budget evenly across
prospects and customers. Simply creating three or four levels of customers based on the revenue they generate should lead to more sales and a better informed customer base.
This is “short term” take-away.
Tip 15:
The second take-away was a true appreciation for opt in, engagement marketing and the real value it represents. The case studies presented in the workshop show clear and mathematically
defensible reasons for full scale implementation of an opt in program. We’ll be moving in this direction as a result over the long term. |
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Kenan
Begić
Managing Director
Studio Moderna
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Tip
16:
Customer satisfaction is not enough. We have to go deeper into the relationship to get loyalty and retention of customers. It means that we always have to ask the customers
their opinions, ask for their experience, ask what else we should improve.
Tip 17:
B2B is the same as B2C...I didn't think about this before, but when I compare them it really seems that what relates to customers is the same as what is important to any business
partner. |
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Ernan Roman Direct Marketing | 3 Melrose Lane | Douglas Manor, NY 11363 | Phone: 718.225.4151 | Fax: 718.225.4889
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