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Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019

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Page 1: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Embracing People Based MarketingPresented by: Craig Belhumeur, VP - Business Development @ 4Cite

April 24-25, 2019

Page 2: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

2Meet the Speakers

Craig BelhumeurVP, Business Dev.

Cindy MarshallFounder & CEO

Page 3: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 4: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 5: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

5Wunderman’s Bill of Rights

• Being transparent and authentic, and letting go of controlling the message

• Capturing data that enables more relevant, valuable exchanges without invading privacy

• Understanding the acceptable frequency of communications

• Telling relevant brand stories that inform, not self-promote

• Having conversations with consumers that establish respect and likeability

• Building relationships through meaningful engagement, not wasted activities

• Making it easy for consumers to interact and buy

• Keeping communications succinct

Page 6: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

6Wunderman’s Bill of Rights

• Being transparent and authentic, and letting go of controlling the message

• Capturing data that enables more relevant, valuable exchanges without invading privacy

• Understanding the acceptable frequency of communications

• Telling relevant brand stories that inform, not self-promote

• Having conversations with consumers that establish respect and likeability

• Building relationships through meaningful engagement, not wasted activities

• Making it easy for consumers to interact and buy

• Keeping communications succinct

Page 7: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

7Wunderman’s Bill of Rights

• Being transparent and authentic, and letting go of controlling the message

• Capturing data that enables more relevant, valuable exchanges without invading privacy

• Understanding the acceptable frequency of communications

• Telling relevant brand stories that inform, not self-promote

• Having conversations with consumers that establish respect and likeability

• Building relationships through meaningful engagement, not wasted activities

• Making it easy for consumers to interact and buy

• Keeping communications succinct

Page 8: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

2019

Page 9: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 10: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Paid Social

OnSite Personalization

Programmatic

Affiliate

Database

Connected TV

Paid Search

Email

Direct Mail

Page 11: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 12: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 13: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 14: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Online/Offline Shopper Identity

Page 15: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 16: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Cookies are no longer a reliable stand-alone digital ID.

Page 17: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Without identity,what are you personalizing?

Page 18: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Only 15.3% of marketing organizations say they can confidently identify their audience members across

channels.

Page 19: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

68.8% of U.S marketers think they’re only partly successful at identity in general.

Page 20: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Visitor Identity Gap

Page 21: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 22: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Cast a wider net, embrace People Based Marketing

The DMA expects U.S. marketers to spend $900 million in 2019 on identity solutions, growing to more than $2.6 billion in 2022.

Page 23: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Over 70% of U.S. consumers in the 4Cite Identity Network

• 180M Email Addresses

• 100M Physical Addresses

• 100% Deterministic ID

• 100% Device Agnostic

Identify MORE VisitorsCustomers AND Prospects

Page 24: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the
Page 25: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Increase triggered email volume.

Fuel marketing database with digital insights.

Coordinate online and offline campaigns.

Welcome visitors with personalized offers onsite.

Offer product recommendations unique on open.

Remarket to site abandoners with personalized direct mail.

Increase email acquisition rate.

Eliminate ad waste.

Increase AOV.

Page 26: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

26Boden Case Study

Changing Email Landscape

1. Declining click rates of 25% in past 2 years

2. Competitive in box

3. Internal pressure to increase frequency results in less engagement

4. Decreasing customer spend

Page 27: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

27Boden Abandon Cart

How 4Cite Helps Boden Win. Better identification – proven against competitors

Increased trigger email volume (+788%)

Increased CTR (+108%)

Increased CVR (+138%)

Incremental Revenue of $3.2M

Page 28: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

28Boden Examples

Abandoned Browse

Triggered Email

Shopping Elsewhere

Triggered Email

Now On SaleTriggered

Email

Page 29: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

29Annie Selke Case Study

Emerging DTC Brand

• Desire to ramp DTC quickly

• Abandon cart email program was not capturing enough people

• No browse abandon program

• No personalized dynamic emails targeting different buyer types

• Limited ability to deliver personalized light boxes onsite

• Leverage 4Cite data

First Trigger w/out 4Cite

Implemented 4Cite Programs

Page 30: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

30Annie Selke Abandon Cart

How 4Cite Helps Annie Selke Win

• Increased abandon cart email sends 300%

• Abandon cart/browse make up 21% of email revenue

• Weekly best-seller email beating open rates by 25% and CVR by 65%

• 4-5% order rate & opt-back in rate from light boxes

• 70% increase in email revenue post 4Cite launch

Page 31: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

31Annie Selke Lightbox Examples

Exit Intent Re-engage Customer

Email Opt Back In Catalog Reminder

Page 32: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

32Who is doing it well? My in box…

Same day I

browsed

Day 2Morning

Day 2Afternoon

Low Inventory Alert

Last Chance Low Stock on Favorite Styles

Good News! Prices Have Dropped!

Page 33: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

33Increase Triggered Email Volume

$1,834,866.54

EMAIL CAMPAIGN

ESP ONLY

4CITE LIFT LIFT %$/EMAIL

DELIVEREDINCREMENTAL

REVENUEANNUALIZED

REVENUE

Abandon Cart

7,905 13,908 6,003 76% $5.65 $33,916.95 $881,840.70

Abandon Browse

14,514 46,113 31,599 218% $1.16 $36,654.84 $953,025.84

22,419 60,021 37,602 168% $1.88 $70,572 $1,834,867

Page 34: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

34Shopping Elsewhere Trigger

Page 35: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

35Direct Mail

Are you buying prospect lists? How do they perform?

Maximize the value of the consumers visitors your website:

• Identify existing shoppers and new prospects • Are they displaying intent to purchase?• Do you incorporate digital insights prior to the

merge/purge?

Automatically qualify visitors that are

browsing your site and ensure that they receive your next

catalog

Page 36: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

36Welcome Lightbox

4Cite’s Triggered Lightbox service has greatly increased both our email opt-in rates and web visitor conversions. Compared to our previous email acquisition lightbox service, 4Cite results in 3X the daily sign ups and more than 10Xthe demand after the initial subscribe date!

Page 37: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

37Exit Intent Lightboxes

4Cite Client

• Save your cart• Increased offer• Save categories shopped• Offer financing• Point them to your closest location

Retain 3-5% of abandoning shoppers by displaying Exit Intent lightboxes to capture email addresses deeper within the sales funnel.

Page 38: Embracing People Based Marketing - CohereOne€¦ · Embracing People Based Marketing Presented by: Craig Belhumeur, VP - Business Development @ 4Cite April 24-25, 2019. Meet the

Craig Belhumeur

VP, Business Development

[email protected]

(207) 329-8948

Thank You!