Loving nothing more than sifting through lines of client data to spot a trend or a nugget of insight, but the number of clients that understand the value of this insight remains limited. They are still to understand the ROI that can be delivered through better data insight and modelling.
As many businesses move at pace towards omni-channel, the need to understand the customer across channels has never been greater. Customer interaction with a brand or business now spans bricks n mortar, websites, mobile and social media. As the number of channels to engage customers grows exponentially, so does the customer’s expectations of relevance and personalisation.
By properly scrutinising and evaluating your data, it is possible to deliver actionable customer insight that can help you deliver effective communications improving both new and incremental sales. Whilst much of the talk in recent months has been ‘big’ data, there’s huge benefits to be had from delving into ‘small’ data to give all sorts of insights, campaigns and actions.
By looking at data effectively and in conjunction with customer journeys and insights, clients can deliver huge growth in incremental sales. One client at my last agency saw over £200m in incremental sales in less than 6 years, with an ROI of over 1:20, with the best campaign delivering 1:64. Through identifying better targeting and more personalised multi-channel deliverables, reducing wastage and improving response.
Whilst many clients acknowledge that understanding more about their customers’ purchasing and engagement habits is a good thing, many clients struggle to know where to start. This is where Brand Distillery can help:
We help your business become customer-centric rather than channel-centric. Your customers don’t think in channels – they just buy from your brand and your products or services and we can help you think how to more effectively engage your customers through all channels.
We have seen and demonstrated the benefits of making effective use of the data which already exists within your business. Customers now realise their personal data has value and if they volunteer data to organisations, it is because they expect it to be used wisely for their benefit as well as yours.
Those companies who understand who their customers are and how they wish to be engaged across multi-channel campaigns with a personalised journey can deliver relevant, meaningful and effective campaigns driven by real measures and ROI.
Brand Distillery is a brand communications agency that uses innovative data and customer insight to deliver brilliant effective creative through a team of passionate and experienced partners.
We build passionate connections between brands and their customers, informed by realtime data insight and behavioural science.