Winning Hearts by Sri Sharma

Post on 22-Nov-2014

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At Net Media Planet's "The Personalised Path to Purchase" seminar, Sri Sharma explores the importance of marketing towards the heart instead of the rational mind. The rational mind is far easier for competitors to copy including marketing features such as, price, availability, delivery and support. Marketing to the heart is far harder to duplicate and requires three steps: (1) Know your customer, (2) Reach them, and (3) Be personal. (1) Know Your Customer - Gather Valuable Data - Understand Customer Preferences - Learn How They Buy - Learn From All Channels - Listen To Their Language (2) Reach Them - Turn signals into targeting (3) Be Personal

Transcript of Winning Hearts by Sri Sharma

Winning Hearts…

Sri Sharma, Founder & CEO, Net Media Planet

“15% more profit is derived from

emotional campaigns versus

rational based campaigns”

IPA study

Price SupportAvailable Delivery

Images sourced from: images.jagran.com/six_picbd.jpg, inktechlondon.co.uk/Images/delivery_Man_Large_New.jpg, api3.clubtix.com/images/layout/pages/customer_support_banner.jpeg, www.odmguide.com/wp-content/uploads/2013/10/Choice-overload.jpg

Image Sourced from: wallpoper.com/wallpaper/nba-basketball-417955

Image sourced from: uptownmagazine.com/2011/02/magic-johnson-invests-in-vibe-media/

Images sourced from: 2.bp.blogspot.com/-d9LvyiSnncU/UMn9kbKUAhI/AAAAAAAADz4/6oEL4Ihk-ro/s1600/IMG_7853.JPG, www.soulofamerica.com/soagalleries/atl/cult-sites/Atl_Magic_Theatres.jpg

Images sourced from: www.undermatic.com/wp-content/uploads/2008/02/historia-del-hip-hop.png, nextravelguide.com/wp-content/uploads/2012/12/barcelona-break-dance-04.jpg

Images sourced from: http://www.yelp.com/biz_photos/starbucks-birmingham-21#G7UIxphj4DCMzim3heJzgw, nextravelguide.com/wp-content/uploads/2012/12/barcelona-break-dance-04.jpg

Know Your

Customer

Reach

Them

Be

Personal

www.planweb.co.uk/changing-trends-and-the-great-gender-divide/ localbuzzmarketing.co.uk/tools-for-location-based-online-marketing/ ticketspy.nl/travel-tips/1880/

Know Your Customer

Search

History

On-site

browsing

Off-site

browsing

Demographic

Location

Interests

Time

Device1. Gather Valuable Data

freestockphotos.name/tag/business-people

1. Gather Valuable Data

How they behave

Gender Household Income

Age Education Level

1. Gather Valuable Data

0.00%

50.00%

100.00%Female

Male

Younger Older

Sekonda

Michael Kors

Accurist

2. Understand Customer Preferences

0%

10%

20%

30%

40%

% o

f S

ale

s

Time

Seasonal Event

3. Learn How They Buy

3. Learn How They Buy

4-6

months

4. Learn From All Channels

Delivery

Size

Returns

Colour

Features

4. Learn From All Channels

5. Listen To Their Language

2. Reach Them

Location

Demographic

Language

Off-site behaviour

On-site behaviour

Contextual

Time

Device

3rd party data

1st party data

Pages

Life Event

Email address

Channels

Mosaic groups

Locations

Turning signals into targeting

CyclistMotherBoyfriend Studentcache3.asset-cache.net/gc/185427003-smiling-girl-in-the-street-gettyimages.jpg?v=1&c=IWSAsset&k=2&d=OdTGhgTmN6bRi%2BzpVzZEEE5bQ3132jwHHjw%2BuYqMOes%3D, www.downhillnews.com/storage/thumbnails/12253722-18015263-thumbnail.jpg?__SQUARESPACE_CACHEVERSION=1336083366709,

www.catholicchapterhouse.com/blog/wp-content/uploads/2013/04/Young-girl-purple-leaning-on-brick-wall.jpg

CyclistMotherBoyfriend Student

0%

10%

20%

30%

40%

% o

f S

ale

s

Seasonal Event

+55%

+40%

+25%

+15%

Perfume For Her

ThePerfumeShop.com/Gifts_For_Her

Treat The Lady In Your Life. 2 Days

Left For Free Xmas Delivery - Buy Now!

Free Standard Delivery Gift Wrapping Available

2 days For Xmas Delivery Perfect Gift Sets

Free Gift Offers Fragrance Finder

Christmas gifts

fragrance

0.00%

50.00%

100.00%

30 40 50 60 70Time after purchase

Pu

rch

as

e P

ote

nti

al

Increase

bids

Designer PerfumesRunning Out Of Your Perfume? Don’tWait Until The Last Drop - Buy Now!ThePerfumeShop.com/Designer_Perfumes

4 to 6 months later...

CyclistMotherBoyfriend Student

3. Be Personal

CyclistMotherBoyfriend Student

Dresses

Audience list : Mother with Daughter

Party Dresses

Experian>>Models>>Mums>> With Infant Children

Nielsen>>Lifestyle>>Affluent Families

Experian UK>>2 parent working full time, time poor

MasterCard>>In the market>>Retail>>Children's Apparel

Customer Segment

CyclistMotherBoyfriend Student

Cyclist

First Party Data Richness

Ad tag

parameters

Ecommerce

platform

customer

segmentation

DMP and CRM

integration

Cyclist

Know Your

Customer

Reach

Them

Be

Personal