Better Retention, Higher ROI with MarketingAI
The results from this company’s AI-enabled marketing were impressive:
117% incremental ROI increase, through prevention of potential customer lapse.
30% retention of high- and medium-risk customers.
86% incremental ROI from favorable customer migrations.
93% incremental increase in customer engagement, thanks to personalized social media.
With this user-friendly tool in their hands, the company’s marketing team could focus on winning back lapsed customers, preventing customer loss, and strengthening its ties to current customers through finely tuned outreach efforts. They were also more aware of upselling and cross-selling opportunities as customers stopped for fuel at the brand’s retail outlets.
The Technology Behind Customer-Directed Marketing/Customer-Directed Marketing for the Win
Moving to a customer-directed marketing approach meant leaning harder on AI-enhanced data analytics. NAVIK MarketingAI utilizes four varieties of customer-based predictive analytics. These work together to generate marketing program recommendations for various business objectives. The cutting-edge technology and proven marketing techniques embedded in the AI system provide deep insights into customers, segments, products, and outlets (in this case, gas stations).
For business users, all of this happens out of sight; a simple interface gives each team member the information needed to maximize their next contact. A typical campaign dashboard includes information about what offers to send to what individual customer, the rationale behind this recommendation, and the projected increase in engagement resulting from various actions. The marketing team can also use this tool to compare segments, view segment- and individual-level profiles, learn about historical and predicted behavior, and add and track campaigns.
AI-Powered for Future Success
Not only has MarketingAI improved the company’s marketing efforts, it has helped them to revitalize their retail performance. By connecting with customers in a more meaningful way, they’re seeing stronger relationships and greater customer value. Customer churn is down, ROI is up, customer engagement is good, and targets are now, well, right on target. Thanks to AI, this brand’s fuel outlets are successfully converting, keeping, and cross-selling to customers.