Friday, December 20, 2013

3 Steps to Data Mining

Data mining. It is the foundation of great personalized marketing, but it strikes fear into the hearts of many marketers. The reality is that this fear is unfounded since data mining is well within the grasp of any sized marketer.

Let’s break it down into three simple steps. 

1. Find out what’s in there.

The first step is to understand the field headings in your database. Most databases have basic information like name, address and purchase history. Are you also capturing information such as age, gender and home ownership? What data do you actually have?

2. Ask questions.

Knowing what data you have tells you the types of queries you can run. Running queries simply means asking questions of the data. If you are a retailer you might ask, “Which customers purchased hardwood flooring last month?” If you know that these customers are also likely to purchase area rugs and floor conditioning products, this gives you a great start.

3. Look for relationships.

The next step is to run data sorts. Is there a relationship between hardwood flooring and gender? How about income? Are customers more likely to purchase hardwood flooring at different times of year than others?

Even basic software like Microsoft Excel or Microsoft Access provides sorting capabilities. Or you might want to purchase add-on data mining modules or third-party software. If you need to outsource, there are plenty of companies that specialize in this process for very reasonable costs.

Get Curious!

So get curious. Take a few hours to run a variety of sorts just to see what you can find.

Once you know what’s in your data, you’ve asked questions of your data, and discovered relationships within the data, it’s time to act on what you find. That curiosity could make a big difference to the bottom line.
Jeff Lampert
Director of Marketing & Business Development
We keep moving forward, opening new doors and doing new things because we're curious and curiosity keeps leading us down new paths.
Walt Disney

Tuesday, December 17, 2013

Case Studies: Consumers Use QR Codes

QR Codes give shoppers and other consumers access marketing or product information from their mobile phones, but do consumers actually prefer them? Will they scan these codes when other ways to access the information are available? For many, the answer is yes!

Let’s look at three real-life examples:

1. One marketer sent a holiday card to its customers with an invitation to login to a personalized URL to select a charity to receive a donation in their name. Of those responding to the campaign, 11% chose to log in by scanning a QR Code rather than typing in the personalized URL.

2. An online educational institution serving the high school market wanted to boost enrollment. It sent a promotional campaign inviting students and their parents to log in to a personalized URL to learn more about online education and enter a sweepstakes to win an iPad2.  More than one-third (37%) of the logins came via QR Code.

3. In order to refresh its retail location, an herbal supplements and vitamin company wanted to find out what products and services its customers were looking for that might be missing from its existing mix. To find out, it sent a survey via personalized URL to nearly 20,000 contacts. QR Code scans accounted for almost 20% of all PURL visitors.

We could give lots more examples, but you get the idea. People love mobile, but they don’t love typing in long web addresses. If you provide them with a way to skip right to the content they are looking for, they’ll very likely to take it, especially when they are responding to a personalized URL campaign. That’s a huge benefit of QR Codes.

This can also lead to an elevated response rate to the overall campaign. Why? Because the easier it is to respond to a marketing message (including multiple ways to respond), the more responses you’re going to get.  

Jeff Lampert
Director of Marketing & Business Development

The great accomplishments of man have resulted from the transmission of ideas of enthusiasm.Thomas J. Watson