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How Bank of Montreal has achieved one-to-one customer engagement - CMO Australia

Excellent view on transitioning an organization to become focused on the customer.  If you get only one thing - get this point:  The customer-centric approach also triggered a reorganisation of marketing in the last six months from a focus on product, to customer acquisition and lifecycle management.  Great products are wonderful, but they needed to be delivered to serve the needs of customers.  Focusing on the customer is the answer.

Publishers' Top Email Marketing Pain Points |MarketingProfs Article

This shouldn't be much of a surprise.  Magazine publishers have deep circulation expertise, which is a great direct marketing skill to have; but it does not translate directly into marketing automation, email marketing and dynamic content.  For this you really need to add to a deep technology skill set and strong process design capabilities.

How do I know?  I was Circulation Director for a BPA qualified magazine with over 200,000 paid subscribers, including newsstand distribution.

Publishers are in a great position to leverage the latest messaging platforms, but they will have to beef up on the technology skill sets withing their circulation departments.  And they will have to combine editorial direction with circulation skills in order to deliver relevant dynamic content to their readers.

Marketing Automation Is Driving More Money (and Accountability) for Marketers | ClickZ

As the author says - don't wait!  But do read between the lines.  Notice that she ever so slightly makes that case that you need to start with customer lifecycle use cases.

If you're going to start with customer lifecycle use cases, might I suggest, you need to have a defined customer model in place before you can create the use case that fits your customer model.  Even it's is rudimentary, define your customer model and build it up over time if necessary.

Householding - is it a thing of the past?

Twenty-plus years ago when I started in direct marketing "householding" was a condition that every marketer with a database of any size had to deal with. For those that are too young to know what this is, let me explain:

Let's say you work for Sony and you want to market to Johnny Smith who lives at 123 Main Street, Toledo, Ohio. Johnny comes to a landing page, enters his name, address and email address into your nifty form and submits. He tells you he wants to receive email promotions and a catalog. Seems simple enough to interact with Johnny based on the information he provided.

Salesforce’s Reinvention As A Marketing Behemoth | TechCrunch

Worthwhile commentary and observations, but it's too positive.  The Pardot acquisition (a marketing automation platform) sits in the Saleforce "sales silo" and is not even included in their "marketing cloud."

In addition, Salesforce is moving upmarket with their pricing strategy.  One of the benefits of SaaS solutions or cloud solutions is that they can be consumed on a month-to-month basis.  Now this is not true of all SaaS solutions, but for those that are pursuing the SMB market, this is a big advantage.  Assuming what we are seeing is accurate across the board, Salesforce is migrating to an annual subscription process and away from the month-to-month options.  Makes complete sense for mid-size to large enterprises.  Also, makes sense from a cash management and receivables management perspective - but it is a move away from a customer friendly practice that is attractive to SMB companies.  Hence, it is a move up market.

There are no secrets on the web...and everything is on the web.

Wouldn't it be wonderful to have an app that let's everyone in the family know where everyone is, at all times and in all places. Parents would love it. Kids would hate it - especially the teenagers. And some spouses would never stand for it. This little marvel of an app could not only identify location but send timely and relevant messages to members of the family using location based data. Example, Joe stops at the gas station to fill up his car on the way home from work and instantly he gets a text message from his wife asking him to pick up a gallon of milk and bring it home.

Data-driven marketers are computer scientists? Or riverboat gamblers?

Way back when, in the early stages of my career I was told that my job was to be half computer scientist and half riverboat gambler. The trick was to figure which half, at what point in time and in what situation.

Teradata recently ran an ad in Forbes magazine with the headline, "Data-driven businesses outperform" and the sub-head of, "Becoming a data-driven organization is now a matter of survival in the market, because such organizations tend to outperform."

Oh really?

London School of Marketing discusses the importance of conducting email marketing throughout the consumer lifecycle

It's refreshing to see the university crowd getting on-board with the idea of customer lifecycle marketing. Not that schools haven't previously been on-board, but the industry can use more marketing students coming out of school that have some concept of lifecycle marketing.

This is the 2nd article I have seen in recent weeks highlighting the usefulness of email marketing when applied to a defined customer lifecycle. Clearly this is not new to the marketing technology industry, but whenever 3rd party sources make the observation and emphasize the value of this typie of marketing, it is satisfying to those of us that have been practicing it for decades.

Brands Set Rules to Manage Email Frequency

In the old days of direct marketing we called this recency, frequency and monetary value (RFM).  It is a highly useful technique and it's great that and others are applying it to frequency of email touch.  

The other method that is referenced we called, frequency momentum and again this is a highly useful technique but one that is rarely used.  It's too bad, because when frequency momentum is applied to "big data" it is exceptionally powerful.  Consider that mass x velocity = momentum and you begin to get the picture on what this one metric call tell us when dealing with "big data" customer files, transactional files, site traffic, etc.

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