Much is being said these days about how marketing effectiveness can be increased by targeting customers with the right message at the right time based on customer behaviors and buying patterns.
However, many companies have not been able to evolve past text-based confirmation messages. There are various reasons why this may be the case. It is often difficult to report on offers generated by this type of event-based effort. Many marketers believe that the expense and work of adding marketing promotional messages into their transactional emails isn't worth the effort.
And very often, marketers find they don't have the time necessary to put together the strategy and tactics associated with a solid individualized lifecycle marketing (ILM) program.
But the good news is that putting together an effective real-time marketing strategy is not as difficult as it seems and is an endeavor worth pursuing.
First off, we know that triggered messages based on consumer behavior yield great results. According to a JupiterResearch study from 2005, triggered messages yield 9 times the ROI of traditional batched messages. Therefore, the question is not whether you need to do this, but how you can get started.
Before we begin to define an effective real-time messaging strategy, let's define some terms. A real-time message, or triggered message, is one that is generated based on a meaningful change or event in a customer behavior or profile. That's a pretty broad definition that encompasses three major types of real-time or triggered messages:
- Transactional triggers: Messages that are based on a direct transaction with a customer target such as a purchase, profile update, opt-in, or conversion. In other words, there is an explicit event that you can react to with clear and specific data for the communication (e.g., informing customers that you have received their loan application and will begin processing the paperwork). These types of messages can also include behaviors such as cart abandons or search abandons.
- Recurring triggers: Messages that are triggered based on a consumer's profile or renewal terms. This would include messages such as birthdays, contract renewal messages, or monthly billing notices.
- Threshold triggers: Messages that occur based on a consumer exceeding a threshold within their relationship with a company. These types of triggers include account balance changes, exceeding a threshold in loyalty points, or a number of failed sends on an email message. These triggers are usually run on a daily basis.
There is a place for all three types of messages in your marketing strategy. In general, the easiest to set up are the recurring and threshold triggers. Since these types of triggers are generally less time-sensitive, they can be run as timed queries against the database and generated at a schedule that makes sense, such as a database update or, say, on the first Monday of every month.
These types of triggered campaigns, however, should make sense for your business: If, for example, your business culture does not normally relay personal messages, then a "personal" happy birthday message might alienate your audience.