The results of a recent study conducted by Harris Interactive for Xerox Corporation confirm what we’ve been saying for years—people are more likely to respond to information and offers that are relevant to them and their specific interests, and are communicated through the channels they are comfortable with. This is especially important for marketers to consider carefully during the holiday season, when advertising soars and shopping activity peaks.
It all comes down to this…
Prior to the advent of broadcast media channels, such as radio, television, newspapers, etc., intimate relationships between business owners and their customers were practiced and managed very successfully for generations. Somehow that intimacy was lost along the way. It’s not that business leaders forgot about the value of individual relationships. It’s the fact that they saw no practical way to scale this business wisdom and apply it to the masses—efficiently—through the media channels that were available at the time.
But now, in addition to broadcast media channels, technology exists (i.e. digital printing, email, Internet, mobile, social media, variable data and cross-media software, data mining, analytics, etc.) that enables us to have customer relationships like people used to have with their corner grocers, and people are starting to expect this one-to-one communication more and more.
Take Target for example. The retail chain built individual shopper profiles from data gathered from credit card purchases, and Web and email interactions of 2 million customers. Then they designed and distributed personalized self-mailers featuring products and coupons based on each recipient’s previous purchases. The results: double-digit response rates, a 50 percent lift over previous static direct-mail pieces, and a 30 percent savings in operations costs.
So, don’t get lost among the flurry of sales promotions about to hit every consumer this holiday season. Avoid a one-size-fits-all approach, and give your customers the individual attention they want (and deserve). Here are some tips to keep in mind when developing that next 1:1 cross-media campaign.