Mapping Manulife's Direct to Consumer Path-to-Purchase

Post on 12-May-2015

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In his presentation at the CMA's 2013 National Convention, Delvinia President Steve Mast shared examples from Delvinia's work with Manulife Financial, Steve will illustrate how the firm used customer journey mapping within its direct to consumer business to identify opportunities to innovate and improve the customer experience.

Transcript of Mapping Manulife's Direct to Consumer Path-to-Purchase

CASE STUDYMapping Manulife’s Direct to Consumer Path-to-Purchase

Why map the CUSTOMER JOURNEY?

49%access 5 different

online sources before purchasing

49%access 5 different

online sources before purchasing

Consumers continue blending offline & online activities during the path-to-purchase

Research offline, Buy offline

Research online, Buy offline

Research online, Buy online

Travel

Financial

Car

70% 327%

39% 25%36%

19% 74%7%

AWARENESS PRE-PURCHASE PURCHASE ADVOCATE

Today’s path-to-purchase is a complex, dynamic & digital journey

AWARENESS PRE-PURCHASE PURCHASE ADVOCATE

Today’s path-to-purchase is a complex, dynamic & digital journey

Click & CollectVirtual / Pop-up Store Customers Delivering Packages

WHY MAP THE CUSTOMER JOURNEY?

Gain deep insight into what your customers are doing

Document all existing touch-points

Helps reinvent the customer experience

CASE STUDY

1. Some evidence of brand confusion

2. Unsure how customers move between marketing channels

3. Online sales are holding, growing demand for mobile

SITUATION

Critical

Illness

Health

Dental

Travel

Life

InsuranceProducts

InsuranceProducts

1. Some evidence of brand confusion

2. Unsure how customers move between marketing channels

3. Online sales are holding, growing demand for mobile

Call CentreCoverme.com

PURCHASE CHANNELS

SITUATION

Email

OOH

DM

Search

Social

DRTV

Display AdsRadio

MARKETING CHANNELS

To understand and map the path-to-purchase as a means to improve the buying process for CoverMe insurance products and to better leverage digital experiences at each stage.

THE ASK

THE APPROACH

1. Online survey of customers & non-customers, via AskingCanadians.com

2. Map the ‘Gates’ to purchase

3. 20 in-depth one-on-one interviews

4. 2 months of social monitoring

Data-driven Method to Map the Path-to-Purchase

Leveraged Existing Data & Persona Work

Mapped the ‘Gates’ to Purchase

Brand is NOT top of mind

Life Event,Most Self- initiate via

Online

Compare Multiple

Brands via Online

Confused Frustrated

MostPurchase

Offline

THE APPROACH

1. Online survey of customers & non-customers, via AskingCanadians.com

2. Map the ‘Gates’ to purchase

3. 20 in-depth one-on-one interviews

4. 2 months of social monitoring

5. Visualize the path-to-purchase

6. Conduct a full day stakeholder workshop

Data-driven Method to Map the Path-to-Purchase

Created a Detailed Visualization of the Path-to-Purchase

Conducted an Ideation Workshop

THE APPROACH

1. Online survey of customers & non-customers, via AskingCanadians.com

2. Map the ‘Gates’ to purchase

3. 20 in-depth one-on-one interviews

4. 2 months of social monitoring

5. Visualize the path-to-purchase

6. Conduct a full day stakeholder workshop

7. Package & Act on the recommendations

8. Report & Refine

Data-driven Method to Map the Path-to-Purchase

INTELLIGENCEImprove customer intelligence

to refine marketing spend

CONVERTImprove conversion by better aligning Coverme.com with

consumers’ purchase journey

ACQUIREIncrease brand visibility in physical & mobile spaces

Quick Wins & Long Term

Three Buckets of Recommendations

ACQUIRE & CONVERT

SIMPLIFY THE BUYING EXPERIENCE

Simplify the online experienceOnline business increased from 9% to 30%

ACQUIRE & CONVERT

KEEP THE BRAND TOP OF MIND

ALIGNING WITH THE CONSUMERS’ PURCHASE

JOURNEY

Utility to keep the brand top of mind44% unique app usage / month

Mobile Purchase Channel34% of unique visitors / month72% called to purchase

INTELLIGENCE: Data Gathering & Reporting

Customer Satisfaction SurveyAnalytics Social Listening

Central Dashboard

LESSONS LEARNED

• A journey map documents what your customers are doing & why they do it, NOT who they are.

• Don’t skip the research. Use real data.

• The map is a living document. Continue to update over time.

Ste

ve M

ast

Pre

sid

en

t

delvinia.com/work/delvinia-dig

THANK YOU!

smast@delvinia.comtwitter @stevemastwww.delvinia.com416.779.4149