Social email k.hersant_091710
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Transcript of Social email k.hersant_091710
PROPRIETARY AND CONFIDENTIAL
Kristin Hersant, VP of Corporate Marketing, StrongMail
Twitter: @kristinhersant
Email and Social Media: Proven Strategies for Driving Revenue and New Customer Acquisition September 17, 2010
Proprietary and Confidential | 2
Social Media’s Positive Correlation with Email
Search Email
Direct MailAdvertising, Print, Web and TV
Point of Purchase Corporate Domain
Today, Buyers Rely on Influencers for Purchase Decisions
Motivate Key Influencers to extend your brand via social channels,multiplying program reach and increasingoverall program performance.
Today’s CustomersIdentify which
customersare active on the Social Web
PotentialInfluencers
Target the mostvaluable potentialInfluencers
KeyInfluencers
Tomorrow’s Customers
Strategic Approach to Social Referral Campaigns
TitleCase Study: Mint.com Acquires New Customers with Email and Social Media
Campaign Objective: Acquire new Mint.com users at little or no cost.
Campaign Strategy: Email to engaged users asking them to recommend Mint.com to their friends. Tap into social media networks to facilitate referrals.
Key Metrics Tracked: Open rate, percent of users inviting friends, percent of friends becoming users.
Definition of Success: Less than $1 CPA
New Customer Acquisition Case Study
Market Research Drove Campaign Design
Test Social Motivators
Mint.com launched an Influencer program designed to drive new user registrations.
Ran an A/B Test using three different offers:
1. A free iPod2. Early Access to a Beta3. Nothing (Control Group)
The Winner deployed to the remainder of the list.
Streamlined Sharing Drove Higher Invites Per User
• 48% Open Rate• 10% of the recipient list
became influencers• Each Influencer sent 5
invitations on average• Generated 2.6 new
users for every 1 invitation.
• Average CPA: $0.50• 40,308 invitations netted
an additional 8,549 new accounts
One mailing drove a 44% lift in new users versus prior week
The Campaign Results
TitleCase Study: CSN Stores Boosts Revenue with Email and Social Media
Proprietary and Confidential | 12
Leverage Referral Marketing to Drive Purchases
Proprietary and Confidential | 13
Leverage Referral Marketing to Drive Purchases
Tips for Getting Started
• Identify your best customers »Hint: They’re already in your email database
• Test different incentives to motivate them to share on your behalf»Hint: It’s not always discounts, cash or free items that drive the
best referrals
• Launch a referral marketing campaign using email and social media»Hint: Use technology that makes it easy to share in social
channels
• Capture that information in your customer database for future remarketing
»Hint: Social CRM is coming… start building a foundation today
Thanks.
Kristin HersantVP of Corporate MarketingStrongMail650.421.4200Twitter: @kristinhersant @strongmail @threadmarketing
www.strongmail.comwww.threadmarketing.com
Thanks!