Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz...
Transcript of Better Together - Experian...Better Together: Marrying customer and external data to ... Pop Quiz...
Better Together: Marrying customer and external data to
enhance online display advertising programs
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
Agenda
• Key Digital Advertising Trends
• Critical Factors for Digital
Ad Campaign Success
• Predictive Analytics in Action:
the Lenovo case study
• Questions and answers
Shifting Ad Spend
Digital Display Trends
• 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
• $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
• 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
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
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
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
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
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
What does a Qualified (High-Value) Customer look like to Lenovo?
Lenovo’s High Value Customer
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
How did we ensure Lenovo gets the best return possible on their budget?
Driving Results
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
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
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
Questions & Answers