Acquire
Organizing marketing efforts around the lifecycle is how companies are
best-positioned to address the needs of their customers today. Companies are
leveraging the lifecycle as a way to understand where prospects and customers are,
at what stages and deliver different treatment at the different stages. This
allows for more relevant offers and fewer wasted offers. Best potential
customers get the treatment they expect and deserve from the companies that
value them the most.
The approach to improving acquisition
relies on three steps of the process:
You need to attract the
right audience. Deep customer insights help you know who you want to talk to,
which can be determined through strategic segmentation (who) and modeling. Then
you can optimize the marketing mix (where) to the right levels and reach with
certainty through multiple channels with audience management (how). With
database solutions as the foundation for all acquisition activities, you can
further optimize your prospects by adding lead scoring and prioritize outbound
campaigns (push). With the ability to review closed-loop reporting and analysis
offered through campaign management, you can take action on learnings from
previous campaigns to improve future campaigns.
Secondly, you can engage your
audience with relevant messages when they want to receive them and where,
improving the productivity of individual channels—outbound services like mail,
phone, email, mobile and TV—and also across multiple channels. Through
real-time lead optimization (pull), you know who and how to address inquiries
and how to prioritize them. By combining lead management in both push and pull
marketing activities, inbound and outbound process/programs work better
together.
Lastly, you need to convert
them with compelling offers. You can better manage what offers are going to
prospects with potential high-value, in the right channel at the moment of
truth. Be where they are most receptive to your message, and learn when it
works well so you can reapply your insights later on.