B2B NewsPet industry news4 Questions You Should Ask Before You "Go All...

4 Questions You Should Ask Before You “Go All In” on Personalization

-

- Advertisment -spot_img


It’s almost an article of faith among marketers that delivering personalized content and experiences to customers and potential buyers will improve business results. The value of personalization has gone largely unquestioned for nearly two decades. Most marketers now view personalization as essential for success, and many companies are on a mission to improve their personalization capabilities.

This strong belief in the power of personalization is easy to understand. There are now dozens of surveys showing that most consumers and business buyers want and expect to receive messages, offers and other content that are personalized based on their wants and needs.

But while support for personalization in marketing is widespread, it isn’t unanimous. Earlier this year, Peter Weinberg and Jon Lombardo wrote an article for Marketing Week calling personalization “the worst idea in the marketing industry.”

Weinberg and Lombardo base their case against personalization on two points. First, they argue that it’s impossible to consistently produce effective personalization because the data used to fuel personalization is often inaccurate. They are particularly critical of third-party data, writing that, “Most third-party data is, to put it politely, garbage.”

The second argument against personalization is that it wouldn’t work even if marketers had accurate data about every customer and potential buyer. Weinberg and Lombardo write, “Arguably, there has never been a successful piece of personalized creative in human history. The biggest movies, books, songs and ads all speak to universal experiences that resonate with everyone, everywhere.”

According to Weinberg and Lombardo, marketers would be better served by investing in performance branding, which the authors define as using “one-size-fits-most” marketing content that “speaks to the common category needs of all potential buyers, all the time.”

The Four Critical Questions

In my view, Weinberg and Lombardo go way too far when they assert that personalization is “the worst idea in the marketing industry.” The research clearly shows that when personalization is used under the right circumstances and in the right ways, it will boost marketing performance. But as with most business tools, the key to being successful with personalization is understanding when and how to use it.

The first important thing to recognize is that personalization isn’t a single, monolithic marketing technique. It’s a term that encompasses a wide variety of use cases that differ in significant ways. They have different business objectives and different data requirements, and they can demand different human and technological capabilities. Therefore, you need to assess each potential use of personalization as a discrete marketing project.

When you’re evaluating any potential use of personalization, there are four critical questions you need to answer.

“Do we have enough accurate data to successfully implement this use of personalization?”

No proposed use of personalization will be successful if you don’t have relevant and accurate data. Unfortunately, personalization efforts often miss their mark because of inadequate or inaccurate data. In a survey of U.S. consumers conducted earlier this year for Redpoint Global, 70% of the respondents reported receiving mistargeted information at least once a month, and 24% said they receive mistargeted information daily.

Each proposed use of personalization will also require specific types of data. For example, offering a research report to potential buyers working in a set of selected industries will require different data from making a product recommendation based on an existing customer’s previous purchases.

So, this is really a two-part question:  “Do we have the right types of data to execute this proposed use of personalization, and is the data accurate and reliable?”

“Will this use of personalization provide a meaningful benefit to members of our intended audience?”

Research by Gartner has shown that personalization works best when it provides meaningful, pragmatic value to the intended audience. The most effective uses of personalization will be those that help members of the intended audience solve important problems, or address important issues, or get more value from a product they’ve already purchased. Personalization can also be effective if it makes it easier for a customer to do business with your company.

The important point here is that when you’re evaluating a prospective use of personalization, you need to put yourself in the shoes of your audience and ask, “How will this help me?”

“Is this use of personalization appropriate based on the relationships between our company and members of our intended audience?”

No one likes “creepy” personalization, and today’s consumers and business buyers will react strongly to personalization that goes too far. In the Gartner research mentioned above, 38% of the survey respondents said they would stop doing business with a company that sent them creepy personalized messages.

The lesson here is that the level of personalization you use needs to match the real-world status of the relationship between your company and each member of the intended audience. To be effective, personalized marketing must be based on genuine insights about your audience. When you take personalization beyond such insights, it becomes inauthentic and will likely be perceived as superficial, presumptuous or creepy.

“Do we have informed permission from the members of our intended audience for this use of personalization?”

Numerous research studies have shown that marketers are facing a Catch-22 when it comes to the use of personalization. On one hand, the research shows that most consumers and business buyers want and expect personalized messages and experiences. The research also shows, however, that many consumers and business buyers aren’t comfortable with how companies are collecting, accumulating and using their personal or business information.

Personalized marketing will not reach its full potential unless marketers use an approach to personalization that addresses these privacy concerns. If the huge volume of personalization research tells us anything, it tells us that consumers and business buyers will welcome and value personalized content and experiences when they are helpful, authentic and based on permission that is willingly and consciously given.

So how can you gain this kind of informed permission? There are three key steps.

Use personalization “programs” – In most cases, personalization should be organized into discrete programs, each of which is designed to provide a specific type of value to a specific type of customer or prospect. This approach will help you to focus on the purpose of personalized marketing from the perspective of your intended audience.

Ask for participation – Invite the members of your intended audience to “subscribe” to personalized content on a program-by program basis, and reassure them that subscribing to one program won’t open the floodgates to other marketing communications.

Be Transparent – It’s important to be radically transparent in your invitation about the details of the personalization program. So, the invitation should include:

  • Why the program will be useful and valuable for the recipient
  • What personal information will be used, and how the information will be used
  • How the personalized content will be delivered (format)
  • How frequently the personalized content will be delivered
  • How long the program will last
  • A clear statement that the recipient can “unsubscribe” at any time

It’s About When and How – Not Whether – To Personalize

The issue for marketers is not whether to personalize marketing content and experiences. The evidence is clear that customers and prospects want and appreciate the increased relevance that personalization can provide. The real challenges are about how to deliver personalization. By making personalization helpful, authentic and based on informed permission, you can reap the maximum benefits of personalized marketing.

Top image courtesy of Jernej Furman via Flickr (CC).



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

撒网预热进行时,小轮车推广进校园

伴随着奥运会资格系列赛·上海的临近,城市体育节撒网预热期的推广活动日益火热。4月以来,不同主题的运动项目进入商圈、学校,让更多人体验到这些城市运动项目的乐趣。近日,“极限宝贝bmx初体验骑进校园”系列活动亮相上海市黄浦区 Source link

撒网预热进行时,小轮车推广进校园

伴随着奥运会资格系列赛·上海的临近,城市体育节撒网预热期的推广活动日益火热。4月以来,不同主题的运动项目进入商圈、学校,让更多人体验到这些城市运动项目的乐趣。4月30日上午,“极限宝贝bmx初体验骑进校园”系列活动亮相上 Source link

话说杨浦丨“赛艇女孩”,你在哪里?

上海海洋大学的历史可上溯至1912年成立的江苏省立水产学校。2006年,位于杨浦区军工路的上海海洋大学前身——上海水产大学,积极响应上海市教委号召,成功组织了“阳光体育大联赛”。宣传、动员过程中,学校 Source link

「贵州日报·教育」聚势赋能 提质扩容——贵州财经大..

2023年11月21日贵州日报16版(点击图片,阅读全文)全省高等教育高质量发展大会对当前和今后一个时期全省高等教育工作作出部署,描绘了新时代贵州高等教育发展的新蓝图,干货满满、令人鼓舞、催人奋进。风 Source link
- Advertisement -spot_imgspot_img

台湾教育界人士批评民进党当局“去古文化”乱象

来源:新华社新华社台北11月6日电(记者刘斐石龙洪)台湾“历史教育新三自运动协会”6日在台北举行记者会,批评民进党当局为达成不可能实现的“去中国化”政治目的,进行不负责任的“去古文化”教育,牺牲学子们 Source link

走出大山看世界!云南怒江崇仁完小师生团完成沪上游学..

8月13至16日,受中交疏浚邀约,来自云南怒江崇仁完小的19名师生代表来到上海,参加为期四天的“中交助梦?看世界”暑期访沪交流活动。崇仁完小坐落于海拔2000多米的横断山区。该校师生总共327人,学校 Source link

Must read

Lady Gaga and Cardi B Meet at the Grammys

What was expected of her was the same thing...

Jennifer Aniston’s Ex Justin Theroux Wishes Her Happy Birthday on Instagram

What was expected of her was the same thing...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you