Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz...

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Better Together: Marrying customer and external data to enhance online display advertising programs

Transcript of Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz...

Page 1: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Better Together: Marrying customer and external data to

enhance online display advertising programs

Page 2: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

We Understand the Digital Market Experian is a Top Digital Advertiser

Experian Digital Scale

• Top 2 Display Advertiser 2011

• Top 10: Number of Visitors to Experian sites

• Deliver 100 billion + emails a year

• Research Panel Tracks over 10 million Internet users

• Over 150M cookies linked to our US Consumer database of 120m households

• We currently partner with 4 of the top 5 publishers and dozens of digital partners

Page 3: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Agenda

• Key Digital Advertising Trends

• Critical Factors for Digital

Ad Campaign Success

• Predictive Analytics in Action:

the Lenovo case study

• Questions and answers

Page 4: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Shifting Ad Spend

Page 5: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Digital Display Trends

Page 6: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

• Set proper goals. Drive and measure marketing behavior

– Not click thru’s or cost per clicks

– Cost per conversion and attribution (incremental influence)

• Embrace and use 3rd party data in combination with CRM to find right audiences

• Use predictive modeling

– Solves for accuracy and mitigates data quality/ cookie challenges

– Builds precision into bidding/winning media for the right prospects

• Optimize and adjust campaigns in flight to monitor audience responses, capitalize on discoveries and correct in progress

• Measure campaign performance

Key Factors:

Campaign Success

Page 7: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

• $30 billion personal technology

company – second largest PC

maker in the world, serving customer

in more than 160 countries

• Business built in product innovation

and strong strategic execution

• Develops, manufactures and

markets reliable, high-quality,

secure and easy-to-use technology

products and services

Lenovo Background

Page 8: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

• Looking for different ways to drive qualified new visitors to Lenovo.com

• Limited customer intelligence and online consumer behavior

• Challenged to optimize response/conversion across marketing channels

• Long sales cycle – > 30-60 days

• Repeat purchases – >18 months

• Highly competitive environment

Lenovo Marketing Challenges

Page 9: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Finding our addressable market

Early Assumptions:

• Overlaid Mosaic

data on CRM to find

unique segments

• Used Mosaic

segments that

looked like

our customers

• Leveraged media

buying tools that

identified

demographic

composition

Page 10: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Targeting Lessons

Results:

• Marketed to top 3-5, but too large for media efficiency

• Limited and low performing media resources

• Measurement challenges

New Approach:

• Engage Experian and leverage predictive modeling to build and find high value audience

• Lower cost per acquisition

Page 11: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Pop Quiz

Name one of the key success factors for digital ad campaigns.

• Set proper goals

• Combine 3rd party data with CRM

• Use predictive modeling

• Optimize campaign in flight

• Measure

Page 12: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

How can we grow our customer database

and drive more highly qualified shoppers to

Lenovo.com?

Hmmm, well what exactly does a

qualified customer look like?

New Direction:

Let’s build a Custom Model

Lenovo tasked Experian with identifying highly

targeted audiences to solve their unique problem

Page 13: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Customer

Consumer

demographics

and lifestyles

Business

Market

research

Transactions Online

Automotive

• 425 million vehicles in U.S. & Canada

• Title, registration, mileage and key events

• Syndicated research: 30,000 consumers annually

• Media viewer-ship across all media

• 14 million businesses

• Identification, firmographic, credit information on businesses and owners

• 3.6 million businesses

• 110 million catalog buyers

• 25 million Internet users interacting with one million Web sites

• 15 million email addresses

• 299 million consumers; 115 million households

• 3,000 demographic attributes

Customer

Identify Tighter View of the Audience

How do we determine what a Qualified, High-Value

Customer looks like for Lenovo?

Received

• 1 Year of Data

• Transaction

Records

• Unique

Customers

ConsumerViewSM Database

Page 14: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

What does a Qualified (High-Value) Customer look like to Lenovo?

Lenovo’s High Value Customer

Page 15: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Using AIQ to Reach Our Target

Audience Creation

Campaign Optimization

Measurement

• Data Solutions

- Standard Data/Models

- Custom Models

• Targeting Levels

- Individual (offline list)

- Household

- Neighborhood

- Geo Targeting

• Creative Services

• Media and Campaign Planning

• Media Optimization

• Campaign Management and Execution

• Audience Analysis

- Audience Profile

- Syndicated Research

- Preference / Recall Studies

• Response Analysis

- Campaign Sales Impact

- Multi-Channel Response Attribution

Page 16: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

How did we ensure Lenovo gets the best return possible on their budget?

Driving Results

Page 17: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Pop Quiz

Name 2 techniques used by AIQ to

effectively target Lenovo audiences online

• Experian ConsumerView Data

• Recent searches for laptop prices

• Page content involving PC reviews

• A recent visit to Lenovo.com

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Final Results:

What did the data say?

• A full year+ of results validated Experian’s focus on ‘move the needle’ KPIs that matter

• Incrementally lift Lenovo’s high-value customer acquisition rate by 12.5%

• Increased ROAS by 650%

• Key deliverable is Experian’s unique ability to turn campaign flight experience into actionable recommendations for future initiatives*

Campaign Performance

Page 19: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Directional findings

• Promotion of prospects via digital display and

Email or DM produces gains in conversion rates

vs. overall rates from any one channel

• Combination of DM and Email does not show

significant differences vs. DM and Email separately

• Apparent slight negative change in conversion

rate for Digital Display and Email and DM is not

statistically significant.

Holiday Campaign Results Directional Results By Multi-Channel Contacts

Methodology

• Lenovo’s CRM data was

matched to promotion data by

channel at the household level

for all channels from the earliest

promotion date (deployment

date/in-home) through 12/31/12.

ConsumerView was used to link

the data together

Page 20: Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz Name one of the key success factors ... •Lenovo’s CRM data was matched to promotion

Questions & Answers