Hemen Patel CRM Metrix: Columbus WAW, Jan 27, 2010
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Transcript of Hemen Patel CRM Metrix: Columbus WAW, Jan 27, 2010
CRM Metrix, Inc.The Customer Listening Company
Th M k ti P f B d W b itCRM Metrix – the customer listening company
The Marketing Power of Brand Websites1
About CRMMetrix, Inc.CRM Metrix is a global market research company offering leading digital market research solutions that are used by leading brands: A one of a kind company with offices in New York, Cincinnati, Paris, Mumbai and Singapore
About CRM Metrix, Inc.
Singapore.
CRM Metrix offers a full range of digital market research solutions to help brands make the best decisions at all stages of the digital marketing development process and to maximize the return on their digital marketing investment. Digital marketing covers the brand website, online ads, online campaigns, email CRM programs,
i l di li hi i isocial media, online sponsorships, micro sites, etc.
CRM Metrix is committed to working with clients to "measure what matters" to your digital marketing success. With our full range of digital market research tools, you will know that you are making the best decisions at all stages of the digital marketing development process.g g g p p
The Minute Pitch ‐With any digital media or marketing strategy, CRM Metrix solutions offer:Pre‐Launch1) Concept Development2) Concept Testing Screening and Optimization2) Concept Testing, Screening and Optimization3) Usability ResearchPost‐Launch1) Measure Performance of digital strategy2) Evaluate contribution (ROI) of digital strategy
CRM Metrix – the customer listening company
3) Optimize digital media or marketing strategies
CRM Metrix, Inc. – Digital Market Research SolutionsCRM Metrix is committed to working with clients to "measure what matters" to your digital media and marketing success. With our full range of digital market research tools, you will know that you are
making the best decisions at all stages of the digital marketing development process.
Evaluate & OptimizeOnline Strategies
UsabilityResearch
ConsumerIntelligence
Micro-Sites
Online Sponsorships
Online Videos SiteSURF™ BenchmarkBenchmark your site against competitor sites to compare performances and determine
TOBS™Target Online Behavior ScienceResearch that provides insights
into your target’s online
Online Widgets
Facebook Fan Sites
Micro Sites pstrengths and opportunities
to optimize site
SiteSURF™ Tasks
y gbehaviors. Insights lead to
business decisions leading to what media to use to connect
and how to connect
Online Campaigns
Websites
Evaluate features of your site by inviting consumers to perform task and evaluating the performance of the tasksEmail CRM Programs
brandDelphi™ IdeaA qualitative/quantitative
solution that provides relevant ideas to add new features and
CRM Metrix – the customer listening company 3
goptimize website
CRM Metrix– The AnalyticsCRM Metrix brings to the table the ‘Voice of the Consumer’ insights.
A i bl i i h h d i b i d i iActionable insights that drive business decisions.
CRM Metrix – the customer listening company
The 1st Question We Ask: What Are Your Site’s Objectives?
To Engage Build Customer Relations
Reduce Abandonment
Build Customer Relations
To Acquire Drive Purchase / Purchase Intent
Build Brand Equity Provide Product Information
Drive Purchase / Purchase Intent
Provide Customer Service
Provide Product Support
To Increase Conversions
Lead Generation
Deliver Fluid User Experience
pp
The main aim of any marketing strategy evaluation should be to measure the level at which these objectives are being met and
CRM Metrix – the customer listening company
measure the level at which these objectives are being met and generate strategies from insights to optimize.
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SiteCRM™ Six Dimensions – In a Nutshell
A Website Visit Experience Evaluation Tool
toto1. Evaluate/Optimize Contribution of Experience towards Building Brand Health
2. Evaluate/Optimize Contribution of Experience towards Revenue Metrics
3. Evaluate/Optimize Contribution of Experience towards Customer Relations
4. Measure User Experience (in market site usability)
Summarizing: Evaluation that Leads to Maximization of Site Objectives
Key StakeholdersB d T M k i T U E i I i T A i S i
CRM Metrix – the customer listening company
Brand Teams, Marketing Teams, User Experience, Interactive Teams, Agencies, Senior Marketing Management, Consumer Insights, Consumer Experience, Market Research.
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Could this be the New Marketing Model?
Brand
TVRadioPrint
Outdoor
TVRadioPrint
Outdoor
TVRadioPrint
Outdoor
BlogsSocial NetworksMicro‐SitesOnline Ads
BlogsSocial NetworksMicro‐SitesOnline Ads
BlogsSocial NetworksMicro‐SitesOnline Ads
BrandWebsite
OutdoorOutdoorOutdoor Online AdsForums
Online AdsForums
Online AdsForums
Engagement Strategy
CRM Metrix – the customer listening company
Reach Strategy7
Conclusion – The End Game
R h Att ti E t C tHigh High High
Reach Attention Engagement Customer =
The Brand Website has the potential to operate at a high level and deliver on allto operate at a high level and deliver on all
three marketing components.
CRM Metrix – the customer listening company 8
Brand Websites Build Brand Equity at All LevelsCompared to other media and marketing strategies, the brand website moves
the needle at all levels of brand equity.
CRM Metrix – the customer listening company 9
Power of Brand Website – Visitor Quality Engagement
The brand website is a dark knight within the competitive battlefield. It offers up the
opportunity to interact with and influence nonopportunity to interact with and influence non‐loyal users.
Competitive Battlefield
Medium AffinityM lti Brand Users
Low AffinityCompetiti e UsersMulti‐Brand Users Competitive Users
10%‐15% Visitors45%‐55% Visitors
A Great Asset to Capture Market Share
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ norms
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Brand Websites Drive Lifts in Brand Websites Drive Lifts in Purchase Intent
+ 4 5%+ 4.5%Pre-Visit (control) vs. Post-Visit (test)
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ norms11
Brand Websites Drive Lifts in Purchase Intent
Acquisition & Conversion (Lifts Market Share)
Low Affinity(Competitive Users)
+3 1%Medium Affinity
(Multi Brand Users)
+3 2%+3.1% +3.2%Pre-visit vs. Post-visit Pre-visit vs. Post-visit
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ norms12
Consumer Purchase After Visiting Brand Website (Claimed)
On average, brand websites have a purchase influence of 33% to 41%.
N = 960 (100%) N = 740 (100%)
High AffinityBrand Loyalists
Low AffinityCompetitive Users
Claimed Purchased = 72.9% (700)Average Spent Most Recent Purchase = $44.03Site Visit Purchase Influence = 53.03%
Claimed Purchased = 37.8% (280)Average Spent Most Recent Purchase = $39.10Site Visit Purchase Influence = 51.43%
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ projects
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Brand Websites Drive Incremental Purchase
Growth in Share of Wallet $$ (Category Spend/Brand Spend)
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ projects
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Brand Websites Drive Incremental Purchase
Growth in Purchase Frequency After Site Visit
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ projects
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Brand Websites Build Positive Brand Opinions
I feel much better about the brand
CRMMetrix Norms Corporation 1 NormsCorporation 2 NormsCRM Metrix NormsNet Lift = +13%
Corporation 1 NormsNet Lift = +23%
Corporation 2 NormsNet Lift = +17%
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ projects
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Brand Websites Build Brand Image Perceptions
Is a brand I trust
Is a leading brand
Is high quality Is credible
Is a cool brand
Site : 1 (100% Positive Lifts)10/10 Image Attributes
Site : 2 (90% Positive Lifts)
Site : 3 (80% Positive lifts)
Site : 4 (50% Positive Lifts)
The majority of brand websites measured drive lifts in brand image perceptions
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ projects
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Brand Websites Build Customer Relationships
Customer Retention Index™ – Driving EngagementSatisfaction Revisit & Recommend Website
Site : 1 Site : 2 Site : 3
Satisfaction, Revisit & Recommend Website
Now this is a Relationship Building Performance
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ norms
Performance
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Brand Websites Drive Word‐of‐Mouth & BuzzBrand Websites Drive Word‐of‐Mouth & Buzz Potential
6.0% Promoter Growth
9 75% NP®S Growth9.75% NP S Growth
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Source: CRM Metrix SiteCRM™ norms
Brand Websites Drive Brand Recommendation Intent
B d W b i b h l f ki k d f h iBrand Websites are a buzzworthy platform to kick start word‐of‐mouth campaigns
+5.7% +5.5% +5.2% +4.9%+4 5%
Site 1 Site 2 Site 3 Site 4 Site 5
+4.5%
Brand Recommendation Lifts
CRM Metrix – the customer listening company
Source: CRM Metrix SiteCRM™ projects
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Thank You!Question & Answers
Hemen Patel Russ ShirleyHemen PatelCRM Metrix, Inc.PresidentTel : 201‐617‐9889
Russ ShirleyCRM Metrix, Inc.VP, Marketing and Client LeadershipTel : 513‐234‐4460
Email : [email protected]: New York Office
Email : [email protected]: Cincinnati Office
Ike BrunnerCRM Metrix, Inc.Director, Analysis and Client LeadershipTel : 513‐234‐4468Email : ibrunner@crmmetrix com
CRMMetrix, Inc. 700 Plaza Drive, 2nd Floor, Secaucus, NJ 07094
Email : [email protected]: Cincinnati Office
CRM Metrix – the customer listening company
CRM Metrix, Inc. 700 Plaza Drive, 2 Floor, Secaucus, NJ 07094Tel: 201‐617‐9889 / Fax: 201‐617‐8588 :: www.crmmetrix.com
New York – Cincinnati – Paris – Mumbai ‐ Singapore21