One-to-one marketing is almost as old as commerce itself. To keep themselves successful, salesmen had to find an individual approach to every single customer, personalising messages and offers based on every piece of data they had and could use. In our busy and ‘always on’ world, it feels more like a luxury to be personally addressed with customised emails and other messages. However, as soon as you do manage to make your customers or business partners feel special, you raise your chances to gain their loyalty. Read on to find out why and how personalisation marketing can help you keep your existing business relationships and establish new ones.
Personalisation marketing taking over
Customer loyalty originates from trust. If a customer knows, that the more he or she shares, the more personal will their relationship with the seller be, then this information will be given away much easier then to a new non-trusted business. It’s trust and experience that brings them back to the same supplier. Although this sounds more valid for B2C, it fits B2B relationships in the very same way. An individual approach to a business to business cooperation brings in a touch of personal in today’s business world, and this is what personalisation marketing is about.
Personalisation is what brings new customers in, and the old customers back. Studies have shown, that about 9 out of 10 consumers’ purchase decisions are somewhat influenced by personalisation. Speaking of e-commerce buyers solely, almost half of them may prefer to shop on a website listing personalised product recommendations, and circa 56% are keen to return to a website that provides personalized recommendations.
Answering the question why does personalisation marketing help boosting sales figures to such a degree is quite simple. First of all, when suggested items and constructive advices are truly valuable to customers, having their needs addressed individually, the overall interaction leaves a positive impression, and they are more likely to buy from the same seller, and even spread the word about this pleasant experience. Secondly, when matching the customers’ needs in a more efficient way, sales and customer loyalty grow as well. Thus, both sides are winning.
Aside of the individual information collecting along with management challenges, there is also the one of keeping things consistent. A personalised approach implies presenting the seller from the customers’ perspective, addressing personal needs one-by-one, or by channels. In the same time, the experience itself should be consistent for everyone, being the same across all - the website, app, physical stores, social media, agent meetings. Luckily, for B2B this task is somewhat easier to accomplish.
But not only should you personalise messages related to sales. Even the content that you offer and notify your audience about should better be personalised. When sending personalised newsletters by segments, firstly your targets will receive news that would have value to them, and secondly you are going to save their time by releasing them from browsing your latest news and updates. Yet again, the stronger the relevance of your personalisation messages, the higher the customer loyalty.
In addition to treating your customers individually, to achieve a beneficial level of personalisation you will also have to be someone for your audience, not just something and not just a company. The ‘human’ must be on both sides. In such a way, every person that you’d be addressing will not feel like he or she is called by name by a random bot.
Personalisation marketing is, actually, a very old approach to sales. Known also as one-to-one marketing, it was historically based on more personalised relations between store owners, sales people and customers. The formers remembered preferences, names, varied personal details about their customers, allowing them to address every single one individually, and conveying the feel of caring. We believe most of them really did care.
Personalization can also refer to an individual approach to an issue, and proves to be very appropriate for both B2C and B2B. A funny example here would be the ad series created by Upwork called ‘Hey World’, where the platform promotes itself as a means to find the solution to a greater problem. It somewhat implies that smaller and less global ones can be solved as well.
Examples of personalised marketing campaigns can be:
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Personalised product recommendations. Either on or offline, these are usually made based on previous purchases and feedback to prior acquisitions, as well as on products complimentary to the ones bought. A good addition to this is the so-called FOMO, or ‘fear of missing out’. If you recommend a product and mention in the same time that there are just a few items left of it (only if it is the case to do so), you might really see your revenues grow.
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Interactions on social media. Consider how special your business is, if out of all the other ones present on the market, your customers chose yours. It shouldn’t then be a surprise, that they might be expecting the same of you, especially when it comes to social media. Therefore, to keep them loyal to your company or brand, you better make them feel as special as you are. Engaging with customers on social media will both help you maintain your audiences sentiment, as well as know them advancedly, so that you could easier shape out their profile(s), and personalise marketing campaigns accordingly.
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Personalised emails. Although email is still a very popular marketing channel, one-to-one marketing in its essence is not as easy as it might seem. On the one hand, when you suggest your customers to submit their email in exchange for something (be it discount card, free ebook or any other tool for lead generation), chances are high that they will be keen to complete long forms filling in personal information. However, you will already find out what content, pages, products they were most interested in, and therefore create a less general customer profile and tailor further messages correspondingly. On the other hand, when you have your audience’s profile right away you may be able to tailor your personalised messages beforehand and contact each lead or group of leads with an individual approach right away.
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Custom video messages. It is not too easy to create these videos. However, with a really large database it might be as worth the effort as with a small one. A good example of widely used custom video messaging is Facebook, daily offering videos to various special occasions and holidays. Most probably you don’t run a social media platform, and might not need that degree of personalisation. However making a series of videos personalising them at the segments level, and emphasizing the individual approach by dynamic messages can have a good impression and convey the feel of a strong one-to-one marketing. Same works with personalisation images.
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Intelligent pop-ups. Probably, on various visited websites, you’ve often been asked to not ‘leave so soon’, prior to reading another article, or viewing another certain product. Some of these pop-ups are pretty convincing, while others are not and you close that tab in a few seconds. The difference is that the smart ones use personalised messages, and offer you to view something that is similar to what you’ve already seen.
When considering certain features of their customers, businesses may group their profiles into segments, and personalize marketing at a broader scale. Generally, the larger the business, the harder it is to simply personalise messages. This is when brand personalisation comes into play. Reaching a connection on an emotional level with a business’ customers is more likely to keep the customer loyalty, and grow the customer lifetime value for the company. Some companies create a special character to be associated with them or with a certain brand, other promote the brand itself as someone, not something, so that customers could feel a connection with the brand similar to trusting a friend.
Thus, an interesting approach to personalisation was generated by ‘Share a Coke’ - Coca-Cola’s campaign that allowed customers to personalise a coke bottle as they liked, and even have their names, locations or messages on the bottle. The first campaign was launched in Australia, and was so successful that it would have been irrational to stop it there. Appreciating the customised coke bottles as something personal and unique to each of the customers made the campaign successful and brought lots of engagement.
Amazon, and now other online stores too, uses deep learning technology to highly personalise products that might interest their customers. As a matter of fact, Amazon was the contemporary personalisation marketing pioneer. It recommended other products based on purchasing history and other items bought and rated, rather than on those of similar customers. Their algorithms were so efficient that even at the very start the suggested items proved to be effectively personalised. Today, with the great variety of products on tap, Amazon has improved its algorithms to the point were big data is analysed in real-time to offer several categories of suggested items based on personal as well as other buyers’ purchase and browsing histories. Now about a third of its sales is generated by personalised messages suggesting products. Amazingly, some other stores that have started using personalised purchasing advices, reported sales revenues of up to 68% in some groups or subgroups of products.