Monday, November 19, 2007
The upside is that you can achieve similar results by targeting a much smaller portion of the whole. Pretty cool stuff.
Jim Cota
I had the good fortune of addressing a group of progressive-thinking marketers last week at a Marketing Roundtable held by Strategic Fulfillment Group. The meeting, held in the historic Stockyards of Ft. Worth, Texas, proved to be enjoyable and enlightening. Aside from my presentation about "Perfecting the Online Buying Environment", attendees heard from Ash Ishrak, Strategic Solutions Leader for IBM's West Region; Mike Gunn, president and CEO of Chicago-based Profit Rank; and Jim Tucker, president and CEO of Integrated Marketing Technology in San Francisco.
Some of the most interesting topics from the event dealt with the methods being employed by Tucker's group to provide realistic and accurate predictive modeling. Their analysis applies 138 different criteria to your database records to help you determine which segments would perform the best. The upside is that you can achieve similar results by targeting a much smaller portion of the whole. Pretty cool stuff.
We also spent some time discussing the ins and outs of strategic, triggered email events that can be used to automatically contact customers based on a variety of criteria. You're probably familiar with things like order and shipping confirmation, but this same approach can be used for a whole variety of contacts. Examples include customer service and promotional messages, and almost any kind of targeted communication based on customer order history, preferences, activities, etc. Also pretty cool.
My time was spent highlighting some of the best practices in web design, both at the product and the cart level, with a eye toward helping companies realize the best possible results from their online efforts. I'll get more into some of this later, but here's a hint of one item: too much choice can be a bad thing.
Labels: marketing, strategy
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