Challenge
A product group within a Fortune 50 technology
manufacturer wanted to bring together disparate
marketing programs and databases and begin executing
closed-loop marketing for better accountability
and ultimately improved marketing and sales performance.
At the time they had more than 25 different marketing
databases containing contact information up to
four years old. Also, they did not have visibility
into how various media and messages performed
against each other or ROI objectives.
Solution
ResponsePoint compiled a single database from
the previous 25. The database was scrubbed and
de-duped leaving 33,000 valid records to begin
executing programs against. Segmentation fields
were added and initial segmentation codes were
assigned based on market sector. Telemarketing,
direct mail and email campaigns were executed
against the database. Campaign activity was tracked
and records were updated accordingly. Also, responses
from other media and lists were added to the database
for use in ongoing marketing efforts.
Result
The client’s current database contains approximately
24,000 high-value records and is the centerpiece
of the clients marketing activities. In the three
years since the project began, telemarketing costs
per lead have dropped each year going from $172
per qualified lead to $94 per qualified lead.
Direct mail and email campaign response rates
have both improved as well. Email response rates
are now better than 4% at a cost per response
of $5.95.
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