We’ve all experienced the thrill that comes from being recognised, or having our preferences acted upon. If you’ve been a regular at a fine dining restaurant, the greetings from the staff and the special attention showered during the meal is incentive to return to it time and again.
We may not acknowledge it explicitly but one of the reasons we take friends and associates there is to see the reaction on their faces when extras materialize at the table and the service is several notches higher.
Managing this in a website environment is tougher, especially when traffic increases and customers may not have signed in. But it is still worth the effort because the differences can be quite dramatic.
A Campaign Monitor study shows that personalised email subject lines have a 26% higher chance of being opened and a 760% increase in revenue from segmented campaigns.
Several personalization ‘tokens’ can be added to HubSpot’s email templates. Be sure to get things right because personalization works against the brand when basic rules like addressing customers right are not followed.
Personalization goes a lot deeper than addressing the customer by name in the email header
In an B2B environment, having the name of the company in the subject line can be just as effective, rather than promoting the product benefit alone. For example, the difference between a subject line that reads ‘Cut attrition rates by 40% using ___ software’ can be personalised to ‘How (Company Name) can reduce attrition rates by 40%’ and open rates will definitely improve.
Even in today’s competitive environment, only 39% of companies use personalization. That gives the companies who do the preparatory work and maintain up to date email lists a clear edge.
Keep in mind that website personalization is not quite the same as customization. Website personalization vs. customization can be explained this way: Customization is controlled by the user while personalization is controlled by the company. Dashboards, chat rooms, and email filters are all types of customizations a customer can configure to fit their specific needs while personalization is done by the company, using customer data to present them with a more relevant online experience.
In order to create an individualized web experience for each customer, companies use data that they have explicit permission to collect. Then, they tailor the customer's experience on mobile apps, emails, digital ads, and websites by using geolocation, site behaviour, past purchases, and much more.
The success of personalization depends on the accuracy and the depth of data gathered. So, personalization is difficult to do well in the early stages of a company’s growth. It is only when there is a clear picture of the customer profile, the preferences customers themselves have shown and the frequency with which they return that helps develop points for personalization.
Use personalization to great effect by being specific – it could be a snippet of information or answering a question a customer has raised
The process is always work in progress. As the company’s base of customers grow, new patterns will reveal themselves. Finding the triggers that drive purchase is also a process of digging deep and determining what works.
Sending out emails on festive occasions is a no-brainer but that’s exactly when the customer is being bombarded by several others as well. It may actually be a far better idea to stay quiet when the market is overactive and send out missives when the chances of being seen in the inbox are much higher.
Applying the right rules to personalization results in far better engagement and customer connect. Aligning content from the HubSpot CMS as well as using HubSpot’s CRM to get more details on the customer profile works even better because it traces the customer journey and can be set to work in stages.
For companies big or small, information silos are a persistent problem. Customer demographic data may be in a separate CRM than customer purchases which is in a separate database from the one tracking customer website behaviour.
When all of these key pieces of information are strewn across multiple systems, creating a personalized experience for the user becomes much more difficult.
You’ll probably be able to personalize your website, but the recommendations won’t be as relevant as they could be if all the data were synced in the same place in real-time.
Restructuring databases is a major project but it’s one that can make the customer experience better for all departments in your company, from sales to customer service to finance.
Getting a single view of customer interest and interactions go a long way in creating the personalization plan and putting it into action. Otherwise, there are significant gaps and it will not work as intended.
Let’s take, for example a company that wants to be in the consideration set for a car purchase when an existing customer wants to upgrade.
Some of the data required may be available on the site but if the customer is going through several other websites to gather information, the company has no way of determining when the customer is ready.
However, when news of new launches from the company and special offers for existing customers gets a response, the company can accelerate contact and see if they can secure the business.
For that to happen, however, companies need to track how long customers have had their vehicle, determine how long a customer waits to upgrade and then, tailor the communication and timing to get the best results.
Talk to us at Blueoshan to find out what personalization efforts are possible with the existing data sets you already have. Based on that, we can work out how to target prospects and customers far more effectively. Our consultants will be glad to provide more details.