In a world where the average person encounters roughly 5,000 ads daily, brands must stand out. Enhanced personalization meets this demand, and studies have shown that effective email personalization can boost revenues by 17% for organizations that use it.
Segmentation involves categorizing customers into specific groups based on shared attributes. This method allows brands to send messages likely to guide the customer through the sales funnel. Segments are often defined by demographics, psychographics, behavior, past purchase data, and customers’ personal preferences, often referred to as zero-party data.
The personalization strategy extends beyond triggered emails and SMS.
We employ these principles to push valuable custom audiences to all paid channels, enabling precise targeting opportunities and creating lookalikes to prospect new traffic based on your most valuable customers. By pairing personalized content and messaging, we deliver robust results across segments throughout the funnel.
At Nimble, we utilize various models and frameworks to segment efficiently depending on the business model and core objectives. Commonly employed are the RFM-model, expected customer lifetime value (CLTV), lead funnel stages, and lead scoring.
Segment customers based on three key metrics: Recency (R) of their last purchase, Frequency (F) of their purchases, and Monetary (M) value of their purchases. By categorizing customers with these parameters, businesses can identify high-value segments and tailor their marketing strategies more effectively. The RFM model enhances customer engagement, optimizes marketing resources, and increases retention and revenue.
Expected Customer Lifetime Value (CLTV)
A projection of the total revenue a business can anticipate from a single customer throughout their lifetime of interactions. By understanding CLTV, businesses can make informed decisions about customer acquisition costs and prioritize marketing and retention strategies for high-value customers. Accurate CLTV insights enable companies to allocate resources more efficiently, maximizing profitability and strengthening customer relationships.
Lead Funnel Stages
(Lead, MQL, SQL, Deal, Customer, Evangelist)
Map the customer’s journey from initial awareness to the final purchase decision. Understanding these stages helps businesses tailor their marketing strategies, ensuring potential customers receive the right message at the right time. Effectively navigating leads through the funnel allows businesses to optimize conversions, enhance sales efficiency, and improve the overall customer experience.
Assign numerical values to leads based on their potential value and likelihood to convert. This system helps businesses prioritize their outreach efforts, focusing on leads most likely to become customers. Streamlining the sales process with lead scoring ensures that marketing and sales resources are efficiently utilized, maximizing ROI and customer acquisition.