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X Factor
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Register below for innovative
branding, marketing and eCommerce strategies that lead the industry.
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Case Studies
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case study 1 : Fortune 100 CPG Firm |
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case study 2 : Online Direct Marketer |
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Fortune 100 CPG Firm
Challenge:
A global CPG firm needed to better understand the role its brand
websites play in the company's overall marketing strategy. The
existing systems for log file and click-stream analysis provided
the firm's managers with behavioral data relating to site traffic
and site usage patterns, but the firm needed metrics relating to
the websites' impact on brand equity, customer loyalty and
retention to determine their ROI.
Solution:
Because of its focus on customer attitudes and insights relating
to their website experience, CRM Metrix's SiteCRM™ product offered
the company an ideal way to generate a 360-degree understanding of
who their customers are, their expectations of the website and how
their website experience impacts their brand affinity, purchase
intent and loyalty. The web-based reporting system analyzed the
customer feedback in real-time, enabling the firm to immediately
identify and act upon opportunities that would strengthen their
customers' relationship to the brand, and offered robust
cross-tabulation capabilities for granular, longitudinal data
analysis.
Results:
The company identified that 93% of its website visitors were high
or medium value customers, underlining the websites' importance as
a customer relationship channel. SiteCRM™ further demonstrated
that brand affinity and purchase intent increased as a result of a
customer's website visit, and that brand equity continued to
increase with each repeat visit. The results demonstrated that, in
addition to positively impacting sales and brand equity, the
websites were a powerful and cost-effective tool for reaching
their best customers and increasing Customer Lifetime Value (CLV).
The firm's marketing strategy now includes running a continuous
SiteCRM™ study for the sites, enabling managers to leverage
ongoing customer feedback to enhance customer acquisition,
satisfaction and retention.
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Online Direct Marketer
Challenge:
A leading online direct marketer had three primary goals: to
understand which media channel was driving the most purchasers to
the website, to maximize the website's ability to convert visitors
into purchasers, and to leverage the attitudes and insights of
repeat purchasers to increase customer retention.
Solution:
The SiteCRM™ system captures a rich cross-section of consumer
information based on visitor feedback, from demographic and
psychographic profiles to media mix analysis and satisfaction
metrics, to loyalty and retention drivers. The web-based reporting
tool takes experiential analysis to a deeper level by enabling
cross-tabulation, trend analytics and group comparisons that
provided the client with an ideal way to understand their
prospects and customers to increase acquisition and retention. A
CRM Metrix desktop streamer "pushed" satisfaction and usability
feedback in real-time to the client, giving them total control
over monitoring and maximizing the purchase process.
Results:
The company identified that the highest number of purchasers were
driven by email advertising and word-of-mouth, leading them to
develop a rewards program and allocate more advertising budget to
email campaigns. Television and print drove a high number of
medium-value visitors to the site, which underscored the website's
tremendous potential to convert these "on-the-fence" visitors into
customers. Because they could filter website satisfaction and
usability feedback according specifically to these medium-value
visitors, they made immediate improvements that would result in
higher conversion rates. By looking at the profiles and
preferences of repeat purchasers, they implemented an automatic
purchase renewal "subscription" program that would increase repeat
purchases and enhance customer retention. Using SiteCRM™
continuously has enabled them to benchmark pre and post-program
customer satisfaction metrics, monitor changes in the profiles and
preferences of their customers, measure improvements in conversion
of low and medium value customers to purchasers, and develop new
strategies for customer acquisition.
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| For more information
on SiteCRM please visit:
www.crmmetrix.com
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