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How Leveraging Customer Data Can Grow Your Business

How Leveraging Customer Data Can Grow Your Business

No matter what kind of business you operate, segmentation and personalization are great strategies to help you grow your business. Personalization customizes experiences, offers, services and interactions to help you build connections with customers. It's through that deep understanding that brands can create experiences that keep their customers coming back for more.

Whether you use print or digital marketing, here’s how leveraging customer data can help grow your business.

What Are Segmentation and Personalization?

With segmentation and personalization, you can generate a marketing strategy that reaches your customers where they are. Segmentation involves dividing your customers into groups by demographic, behavioral data or deeper analysis to cater messages exclusively to them. For example, you will market to Baby Boomers in a different way than you’d market to Gen Z customers. Segmenting your client list is a great way to maximize the impact of your marketing efforts.

Personalization is about changing each message to suit the interests of the unique individual. Using customer data—such as name, gender, interests, purchase history and more—marketers can personalize their messages to cater to customers both within a segmented group and as an individual.

Personalization can be simple or extensive, depending on the marketing medium. In the case of direct mail, you can use variable printing to include personal information like the customer’s name, birthday or special interest on print materials.

In digital marketing, businesses can use customer analytics to identify shopping patterns and target customers more effectively. By leveraging data, you can give customers specific product recommendations or show results relevant to their interests. For example, you can keep track of how often they purchase and email them a reminder when it’s time to reorder.

Why Personalization Matters?

Every customer is unique, and your marketing strategy should reflect that. Getting to know your customers and tailoring content to them based on data will make your marketing campaigns more effective.

Personalization can also improve customer loyalty. An Infosys study found that 74% of customers  feel frustrated when website content is not personalized to their interests. Furthermore, 59% said personalization influences their shopping decisions. By delivering customized experiences, businesses can show their customers that they understand their needs and preferences, leading to increased loyalty over time. Personalization humanizes your brand and creates a unique and satisfying customer experience.

Customers don’t want to have to seek out what they’re interested in. Personalization puts the products that are most relevant right in front of them, making the buying process faster and easier. Tailoring purchase recommendations to buyers makes it more likely that they’ll purchase from you. In fact, 91% of consumers are more likely to shop with brands that recognize and provide relevant offers and recommendations.

 Using a personalized approach is a better investment of your marketing dollars. Personalization can help replicate the experience of shopping in a physical store and build lifelong connections for customers. Happy customers are also more likely to recommend a brand's products to their friends and across social media, so good personalization strategies can help organizations grow their customer base and increase sales. Over time, these numbers add up. According to recent research, 70% of companies that use advanced personalization have earned 200% ROI or more from the strategy.

Leverage Data to Personalize Your Marketing Efforts

Personalization is important to both print and digital marketing strategies. It can be as simple as adding customers’ names to a piece of mail or as sophisticated as using analytics to send customers targeted ads. In order to effectively segment and personalize your marketing, you need to get an idea of who each of your customers is. The more your business understands your customers, the more you can create content that’s truly relevant to them. To succeed in personalization, data collection and analysis are crucial.

There are many ways you can gather customer data, from feedback on surveys to product delivery information to digital analytics that track customer behavior. Once you have that data, it’s important to store it in a way that allows you to sort through and use relevant information for your marketing campaigns.

Personalize Your Campaigns with AlphaGraphics NoCo

Implementing a segmentation and personalization strategy can lead to substantial results in your marketing campaigns. Pay attention to your customers’ needs and pain points and use data strategically to design a message specifically for them. When you do, you’ll likely see higher sales, better ROI and stronger customer relationships.

Ready to get started on a personalization strategy? AlphaGraphics Noco is here to help!

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