Author: Franz Malten Buemann

  • The Top 5 Biggest Myths about CDPs that Cost Businesses Millions of Dollars

     

     

    “There are decades where nothing happens; and there are weeks when decades happen” said Vladimir Ilyich Lenin and look what happened to eCommerce in the last 12 “COVID” months. According to McKinsey research 76% of consumers permanently changed their buying behaviors during the pandemic. 

     

    e-Commerce is now C-Commerce, a Collaborative, Consumer oriented with CX dominating over brands with new huge trends like D2C (direct-to-consumer) and C2M (consumer-to-manufacturer). Modern commerce is more about pull strategy than push strategy and to properly deal with that you need new customer data. No, not more customer data. E-tailers need new data, not third party data, not third party cookies.

     

    You need the data and the consumer will provide the data if you have built a relationship based on trust. According to Accenture the proportion of consumers who said they are willing to share more information about themselves when brands are transparent rose to 73% while 87% consumers say it’s important to buy from a brand or retailer that “understands the real me.”

     

    It is a true Revival of one-to-one Commerce. It’s a new space for Customer Data Platforms, Zero and First Party Data. So now, let’s have a look at the major myths that have arisen in the couple of years around CDPs.

     

    Myth 1: CDPs are expensive and you need to own a bank to use them

     

    Managing huge amounts of customer data is a great challenge. Limited access to top talent that can address the challenges of data management and infrastructure optimization makes most CDPs largely depend on third party solutions. Not cheap ones. And guess who is finally paying for this?

     

    Tip: Find a CDP vendor that is capable of delivering a CDP based on a hybrid (own/third party) infrastructure that will not only cost you money but will also make you money

     

    Myth 2: Making CDP data actionable across execution channels is easy as pie

     

    Proper integration of customer data and AI recommendations into an existing, very often largely unintegrated stack of marketing solutions (email, web push, messaging, live chat, website recommendations) can be a really painful exercise. And it will take ages, if it ever actually does happen. 

     

    Tip: Look for a CDP with natively built and seamlessly integrated execution channels.

     

    Myth 3: CDP implementation will require huge IT resources for months of engagement 

     

    We are not saying that a CDP can be implemented by monkeys because it does require IT resources to prepare the ground for marketers, but a CDP platform built with a proper understanding of a common framework for CMO & CTO value creation may make a huge difference. 

     

    Tip: Make sure your CDP vendor understands the idea of Low Technology Burden and will guarantee that the CMO and CTO will still hug each other after 2 month of CDP implementation. Ready made plugins to eCommerce platforms make a huge difference too.

     

    Myth 4: CDPs are for large enterprise only

     

    Obviously the leading CDP vendors are targeting large companies which creates a feeling that it’s a game only for the largest players. But the truth is that a CDP can be very effectively implemented at mid-size companies too and deliver great business results. 

     

    Tip: Look out for a CDP vendor that not only has mid-size companies in their “sweet spot” but offers a good time to value and pricing model accessible for smaller players with ability to pay more as you grow.

     

    Myth 5: CDP is new to the market like Tik Tok

     

    Well, we would say not exactly. Under the name Customer Data Platform, it may be seen as somewhat new as it was forged in 2013, but it is actually a collection of technologies known and used in other systems, combined and rebuilt into a packaged piece of software that we now call a CDP. But in our opinion a real predecessor of CDP was Jeff Johnson, known as the first ever employee of Nike, who in 1965 created the first Nike shop and in his notebook he kept detailed information about it’s customers. Information about runs they run, injuries, records etc. 

     

    Tip: Be like Jeff.

  • People at the heart of everything: UK EX&CX Awards 2021

    Last Thursday the Awards International team had the great pleasure to host the UK EX&CX Awards 2021 event. Once again, the online event exceeded all our expectations by bringing a handful of outstanding presentations and brilliant conversations. We had an amazing time together with 300 fantastic company representatives across the UK.   During the presentation day, our CEO…
    The post People at the heart of everything: UK EX&CX Awards 2021 appeared first on Customer Experience Magazine.

  • Create Transactional Emails That Have Clients Coming Back For More

    Most digital marketers are familiar with the power of transactional emails for brand-building and customer retention: Transactional emails get 8x more opens and clicks than any other type of email and generate 6x as much revenue. 
    But much of the transactional email discussion centers around product or software businesses. So, digital marketing agencies may not apply what they know to be true about transactional emails to their own company. 
    In this post, we’re sharing how agencies can use transactional emails to improve their own client retention. 
    Why do transactional emails matter for agencies?
    Think about the last time you ordered something online: You may have saved the shipping confirmation email and checked back a few days later to find tracking information to see your package’s progress.
    When else do you give such devoted or repeat attention to an email from a company or marketer? 
    Unlike most marketing emails, the information in transactional emails makes these emails feel important—and even urgent—to open and read. 
    Smart marketers can take advantage of this urgency and infuse their transactional emails with strategies to build their agency brand and improve client retention. 
    Types of transactional emails for agencies
    Transactional emails, sometimes called “system-triggered” emails, are automatic emails triggered by an action. For product and software businesses, traditional triggers include signing up for a newsletter, creating an account, or placing an order.
    For agencies, the opportunities to send brand-building transactional emails are similar but a little different. Let’s take a look at the types of transactional emails for agencies. 
     
    Welcome email
    A welcome email is sent to new email subscribers after they join your email list. Your welcome email is an opportunity to set the tone for your relationship with this prospective client. 
    For example, Findable Digital Marketing sends this welcome email to new subscribers:  

    Source: Findable Digital Marketing.
    This is an excellent example of an agency welcome email because it:

    Sets clear expectations for the newsletter to minimize unsubscribes
    Invites subscribers to become more invested in the brand by following the agency on social or reading recent blog posts
    Is signed by the company founder to make the reader feel special (instead of signed by “team”)

    Onboarding email
    An onboarding email is an email sent to clients who have just signed on with your agency. 
    The goal of an onboarding email is to establish expectations for the working relationship, but you can also use it to make new clients feel like they’ve made a great decision by choosing to work with you. For this reason, a great onboarding email can go a long way toward improving client retention. 
    For example, check out this onboarding email by video messaging software Loom: 

    Source: Really Good Emails.
    You can take a cue from Loom’s onboarding email and:

    Include a personalized video to make new clients feel special
    Outline next steps for new clients to take
    Make it easy for new clients to get their questions answered quickly

     
    Invoice & contract emails
    Invoice and contract emails are an opportunity to improve your client relationships. Instead of sending the default invoice or contract email that comes with your CRM, try writing your own copy. 
    For example, check out this sample invoice email from time tracking tool Clockify: 

    Source: Clockify
    This email is excellent because it:

    Balances a professional tone with a personal touch (“Hope you’re doing well”)
    Uses a clear subject line that can’t be misunderstood (“Payment reminder for invoice”)
    Includes the terms of the invoice in the body of the email (amount and due date)

    Feedback email
    Feedback emails are your final opportunity to interact with a client whose project has ended. It’s your last chance to make an impression that leads to referrals and even repeat projects. 
    For inspiration, check out this feedback email by search-as-a-service platform Algolia: 

    Source: Really Good Emails.
    This email is ideal because it does a couple of key things:

    It’s written with a personal tone (“As we prepare for Thanksgiving…”) that makes it feel like a 1:1 communication, not a templated email
    It asks directly for feedback (“Would you be willing to write a quick and honest review…?”)
    It includes an easy-to-find button to leave feedback
    It offers an incentive to leave feedback to encourage more responses

    Wrap up
    Even though most of the discussion around transactional emails is focused on product or software businesses, agencies are equally primed to increase client retention through exceptional transactional emails.
    If you follow the examples outlined in this post, you’ll be well on your way to creating transactional emails that drive opens, clicks, massive engagement, and heaps of revenue.
    For more transactional email help, check out the features page and our guide to transactional email for marketers.
     
    The post Create Transactional Emails That Have Clients Coming Back For More appeared first on Campaign Monitor.

  • 3 Easy Steps to Build Your Brand Promise [+10 examples]

    If you’re a decent human being, you always honor a pinky promise.
    For the uninitiated, a pinky promise is usually between two people and it holds more weight than a spit shake, legal contract, verbal agreement, and “I swear on my [insert family member]” statements combined. It’s part of our social contract – once it’s been agreed upon, it cannot be broken.

    A brand promise is the scaled, commercial version of the pinky promise, with the brand holding up one finger and its target audience holding up the other.
    Except, in this case, breaking it won’t just ruin your reputation, it can impact your revenue.
    Let’s talk about how to create a brand promise and see examples from popular brands.
    What is a brand promise?
    A brand promise reveals what consumers can expect from a brand across all touchpoints. It serves as a company’s foundational value and informs every aspect of the company, from its messaging to its customer service.
    Your brand promise should be central to your company, something that remains constant as it grows and evolves.
    Not every brand promise is explicit. In many cases, it’s more of an internal mantra that’s shared with employees, investors, and partners. However, when you have built a strong brand identity and clear messaging, your brand promise can be assumed by your target audience.
    There’s often some confusion between a brand promise and a tagline, so let’s break it down.

    While it can be just as short as a tagline, a brand promise tells consumers, “Hey, this is what you’ll find every time you interact with our brand.”
    So, why have one? Well, a brand promise:

    Helps internal and external stakeholders know what to expect from you.
    Gains consumer trust.
    Serves as the foundation from which you build out how your company operates from a consumer interaction perspective.

    One thing to note about a brand promise, it is a promise after all. So when you break it, it can affect your reputation and your revenue.
    For instance, let’s say your brand promise is something like “Innovation at every turn,” and your company hasn’t come out with something new and fresh in the last five years, that can deter potential consumers.
    Here are the most common types of brand promises:

    Emotional: A promise appealing to emotion.

    Action-based: A promise tied to a specific action.

    Social: A promise based on ethical or social responsibility.

    How to Build a Brand Promise
    1. Focus on your audience.
    Your brand promise outlines your commitment to your audience. So, to figure out what your promise should be, your first step is determining what your audience wants from you.
    It goes beyond a specific product or service, it’s more specific to the experience you’re providing.
    For instance, Planet Fitness’s brand promise is based on people’s reluctance to join the gym for fear of judgment and embarrassment. The brand, in response, promises to create an environment that encourages people at all fitness levels to go to the gym and feel comfortable working out.
    Another goal of your brand promise is to set you apart from your competitors. What makes you unique, is it your customer service, your product, your mission, your values? Use that to offer a promise that’s distinctive.
    In Planet Fitness’ case, the brand did something no one else had done: Address the problem with the gym environment, not its users.
    2. Think about your customer touchpoints.
    With your brand promise, you’re guaranteeing something to your customers.
    As such, place yourself in the shoes of your consumers and envision how you want those interactions to go. Is there a specific feeling involved? What do they have to gain?
    Once you put those into words, you’ll be able to craft a brand promise that reflects the experience you want to promote.
    3. Keep it simple, unique, and inspiring.
    Your brand promise should be clear and to the point, something you can say in one sentence. It won’t necessarily be as fun as a tagline, but it should definitely inspire trust and confidence.
    If you can’t articulate your promise in this way, perhaps you haven’t fully fleshed out your brand’s purpose. If that’s the case, start by asking yourself these questions:

    What should my customers expect from me?
    What does my company stand for?
    What makes us unique?

    Brand Promise Examples
    Keep in mind that some of these examples of brand promises are assumed and some have been shared by the companies. Use them as inspiration when crafting your own.

    HubSpot – Help millions of companies grow better.

    Nike – Inspire every athlete in the world.

    Apple – Think differently.

    Starbucks – To inspire and nurture the human spirit – one person, one cup, one neighborhood at a time.

    Coca-Cola – Refresh the world in mind, body, and spirit, and inspire moments of optimism.

    Anima Iris – Feel empowered and emboldened.

    Telfar – Redefine luxury as accessible and inclusive.

    Tru Colour – Celebrate our differences.

    Noirbnb – Create a safe space for POC to travel and discover new adventures.

    Pur Home Clean – Change the way you think about cleaning.

    What’s common across all of these promises is that they never refer to a particular offering or numerical goal. Instead, they are statements that encompass the brand’s broader purpose.
    Brand Promise Template
    There isn’t an exact formula to create your brand promise. However, we have mentioned that it is a blend of a few things that make up your company. So here’s a formula you can use to create your promise:
    Positioning + Vision + Value Proposition = Your Brand Promise
    Write your answers down and start blending these concepts together into one succinct idea.
    Crafting your brand promise should be a top priority when developing your identity. Without this core message, you will likely struggle to develop your brand identity and strong messaging to connect with your target audience.
    As with everything, expect to have a few iterations. You won’t always have the answer right away.
    It may take a few sessions to flesh it out and that’s OK. Because once you have it, it will become ingrained both internally and externally as your company grows.

  • How to Get to Know Your Email Subscribers, According to Research

    One of the first things I do every day is check my email. And I’m not the only one.
    Did you know that roughly 80% of marketers have reported an increase in email engagement in 2020?
    And that the number of global email users is set to grow to 4.48 billion users by 2024?

    Additionally, email marketing has the highest return on investment for small businesses and is the second most effective medium for building brand awareness.
    Wow. Those stats alone serve as a reminder that email marketing is not a thing of the past. It’s continuing to grow and is a major way that brands learn about and engage with their customers.
    As the adage goes, email marketing is about sending the right message to the right people at the right time.
    But, how do you do that?
    In this post, let’s review the top strategies you can use to get to know your email subscribers according to research.

    1. Use analytics.
    A great way to learn about your current email subscribers is to dive into your analytics. Find out what emails perform best. Is there a pattern? What topics is your audience most interested in?
    What emails do they engage with the most? What day/time are your open rates higher?
    Analytics can help you figure all of this out so you can be in touch with and provide content that your audience wants.
    Cynthia Price at Litmus says, “If emails could talk, you could learn a lot about your subscribers. Oh, wait. They do. Open rates, click-through rates, and other standard email metrics all give you signals. They’re interested. They’re not. They’re done.”
    But how do you optimize other things like templates? Or apply what you learn in your email program to other channels?
    Price explains, “With analytics that go beyond opens and clicks. When you know which email clients your subscribers use, you can optimize the experience for them. For example, what if the majority of your subscribers are on mobile and using Dark Mode? You’ll want to incorporate that into your design strategy and QA & testing process. Or let’s say you know an email has a high forward or print rate. You might have a possible viral piece of content on your hands. Don’t miss out on insights like these—see what your subscribers are telling you.”
    Ultimately, monitoring your metrics will help you identify what your audience is interested in.
    2. Participate in social media listening.
    Did you know that 37% of consumers find purchase inspiration from their social media channels?
    Paying attention to what your audience is doing on social media will help you learn more about your consumers so you can understand the content that they want to see.
    Think, “What are they interacting with on social media? What type of information are they looking for?”
    With this information, you can learn what content your audience really enjoys.
    3. Send polls.
    This might seem a little too straightforward, but honestly, the best way to learn about someone is to ask them questions.
    Send out polls in your emails and learn about your audience.
    For HubSpot’s Service Blog, the daily email newsletter includes a question of the day. This helps us learn more about our audience on a regular basis.
    4. Conduct A/B testing.
    A/B testing is one of the most reliable ways to learn what type of email content your email subscribers react well to.
    In fact, companies that A/B test every email see email marketing returns that are 37% higher than those of brands that never include A/B tests.
    You can use A/B testing to see what types of subject lines work best, what type of email copy, and more.
    Price says, “You can optimize content by A/B testing like 90% of marketers. Or personalize to deepen engagement. Birthday emails are said to get 3.42 times the revenue of a standard promotional email.”
    5. Segment your lists.
    Segmenting your email list when you learn more information about your audience will help you send better, personalized emails.
    Emails that have personalized subject lines are 26% more likely to be opened and marketers have found a 760% increase in email revenue from segmented campaigns.
    Essentially, email segmentation can help you increase open rates and improve click-through rates.
    When you go to segment your list, segment by how people found your page. What were they signing up for? For instance, someone who purchased a product and someone who downloaded a specific lead magnet will be interested in different email newsletters.
    You might segment your list by people who want to learn about blog posts and those who are interested in sales information.
    Additionally, you can segment by location. Or maybe even open rate — send emails to your most engaged subscribers.
    This will help you send the right emails to the right people.
    6. Do buyer persona research.
    If you don’t have a buyer persona, you might consider creating one. This will help you understand your subscriber’s problems, goals, challenges, values, demographic information, and more.
    Conducting buyer persona research will mean that you’ll interview customers and learn about their preferences. Then, create a fictionalized version of your customers based on real data. This is another reason why it’s so important to use your analytics to learn more about your subscribers.
    7. Try new things.
    Getting to know your email subscribers can be a fun way to experiment with email marketing. Try new things and see what your audience responds to. You can try different types of content, different rich media, or different subject lines.
    With email marketing on the rise, it’s important to optimize your strategies. You need to really know your email subscribers to reap the benefits of email marketing.

  • A Guide to Salesforce Training (Strategy & Resources)

    We often hear some really big headliners about the growth of the Salesforce ecosystem. One of the headlines that resonates with me the most, is that 4.2M jobs will be created in the Salesforce ecosystem by 2024. So, it’s no huge surprise that it’s a… Read More

  • To stay the same

    Willem de Kooning said, “I have to change to stay the same.”

    Because whatever system we’re in is changing. Because every step we take changes the ground we walk on. Because while you’re busy trying to keep it all together, someone else is working just as hard to change it again.

    Some organizations, artists and leaders work to disrupt and innovate.

    And some seem content to close their eyes and will things to be exactly as they were yesterday or last year.

    Between the innovator and the laggard, though, is most of us. Surfing and dancing with possibility, simply to continue to serve and keep our promises.

    What you do isn’t how you do it. What you do is the promise you make to the people you serve. If the people change, then the specifics of your promise have to change as well.

    [Thanks to Will for the quote.]

  • The future of CX: a conversation with Ian Golding, Ian Stokol and Neil Skehel

    During the online Gulf Customer Experience Awards held in Dubai earlier this year, Ian Golding shared precious insights into the subject of the CX future.  His talk inspired a Q&A session between Ian Golding, Ian Stokol and Neil Skehel. During the conversation, Ian Stokol shared his diagram demonstrating the experience evolution. The model involves six…
    The post The future of CX: a conversation with Ian Golding, Ian Stokol and Neil Skehel appeared first on Customer Experience Magazine.

  • The Loss of Third-Party Cookies is a Bigger Issue Than You Think

    If you have a well-developed digital marketing and advertising strategy, you’ve probably already been warned about the impending death of third-party cookies. Depending on your news source, however, you will likely have one of two quite extreme views on this subject. Either, according to some, the end of third-party cookies is an apocalypse for online…
    The post The Loss of Third-Party Cookies is a Bigger Issue Than You Think appeared first on Benchmarkemail.

  • Alternative to Flexitive?

    Does anyone have a recommendation for an alternative to Flexitive? I was testing Flexitive to see if it meets my needs but it does not export in png and I need transparent backgrounds. I’m interested in these features: Ability to create multiple sizes quickly and easily (social media sizes but also custom sizes for websites, emails, and more). Design once and that’s it other than maybe tweaking things. Ability to automate creatives like Flexitive’s data feed feature. Set up a master template and then automate backgrounds and text. Ability to do simple animations. Not as important as the other features so this is not a deal breaker. I’ve been googling and searching on Reddit but nothing is really coming up. As a solopreneur I don’t really want to spend my time coping and pasting and doing all this manually. There has to be a creative automation app out there 🧐 Thanks
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