There are many faces of marketing among which, gaining more and more popularity, there is real-time marketing (RTM). It derives from the huge and rapid development of technology and social media. Recently RTM has been one of the most efficient ways of winning the race to acquire customers and gain their loyalty.
Real-time marketing can be understood in two ways, though. Firstly, as an immediate and adequate, usually digital, marketing response to cultural events taking place in real life. If well-performed, this type of RTM may increase brand or product awareness among its audience. But it is actually RTM applied in accordance with the second approach that brings measurable benefits. Since real-time marketing refers also to automated responses to customer behaviour (for example when the customer is visiting a particular website, uses an application, searches for a specific product or passes by a point of sale), it finally results in a personalized and contextually relevant offer that earns the customer attention, purchase and loyalty. It is called real-time data marketing, then (RTDM).
THE ART OF TAKING ADVANTAGE OF CURRENT EVENTS (RTM approach)
We’re all learning here; the best listeners will end up the smartest.Josh Bernoff
In case of the first approach, real-time marketing depends on a quick and adequate marketing response to events occurring in real time. Particular attention should be paid to three specific aspects: selection of the appropriate event that currently takes place, an idea for the type of marketing activities related to it and the speed of their execution. The effectiveness of this type of real-time marketing depends on swift capturing of an event (so-called newsjacking) and then placing the brand message in its context. The content of such communication should reach its recipients’ needs and be consistent with their moods and behaviour at the current moment – in real time – in order to be well perceived and raise considerable interest.
DO IT WELL TO BE REMEMBERED
Great Execution is the Ultimate Differentiator.Margaret Molloy
A great example of using this type of real-time marketing was that of Snickers’ marketing activities during the World Cup in Brazil in 2014. One of the Uruguayan players, Luis Suarez, bit an Italian player. Snickers responded to this unusual situation very quickly by publishing a campaign with a visual depicting the bitten Snickers, the tagline saying, ‘More satisfying than Italian’ and ‘luissuarez’ hashtag. The reaction made it big on Twitter since it referred to the very current situation and emotions of its recipients.
Similarly, the masterful use of real-time marketing was presented by Oreo during the 2013 Super Bowl final. During the final match of the American football league, watched by millions and widely commented on social media, mainly on Twitter, absolute darkness fell unexpectedly due to a power supply failure at the stadium. The failure lasted for half an hour, during which the Oreo brand published on Twitter a picture of its cookie with a tagline saying, ‘You can still dunk in the dark’. The campaign had an amazing echo – almost 16 thousand retweets and 6.5 thousand ‘favourites’ on Twitter and even more likes on Facebook. One could truly state that Oreo won this Super Bowl.
BENEFITS FROM BEING QUICK & WITTY
An effective marketing strategy in real time translates into increased interest in the brand and its offer. It builds the reach to customers — often at a global level — and acquires new ones. Real-time marketing strengthens the brand’s image, at the same time reducing the distance between the recipient and the brand. Recipients start to connect an event with a specific brand and, after some time, these two elements become inseparable. And this is a great way to promote own business and increase its popularity at a relatively low cost.
ANTICIPATING CUSTOMER’S NEEDS (RTDM approach)
The second approach – real-time data marketing – presumes a certain level of automation in organisation (use of marketing automation software enables efficient management and execution of advertising activities such as: sending emails, SMS messages, using social media, online advertisements, etc.; drives conversions; increases a number of leads and in the end generates more profits), allowing a response to customers’ changing behaviour. Consumers are impatient and wish to find and buy what they are looking for as quickly as possible. According to Forrester Research, as many as 89% of customers will stop using the company’s services as soon as they experience frustration related to the difficulty of finding the desired information or product for the first time. The statistics speak for themselves and act as a mobilizer for marketers who are forced to implement a more dialogic approach, tuning to customer expectations and matching their websites, shops or products to customer needs. It is therefore clear that, for gaining the best effects, it is crucial to control all campaign aspects during the whole customer lifecycle in omnichannel but at the same time – in real-time.
Good marketers see consumers as complete human beings with all the dimensions real people have.Jonah Sachs
Real-time data marketing assumes:
- immediate use of historical data regarding customers (what they have bought, what sites they have visited, what products they have searched for)
- considering their immediate context (location, needs, intention, recent behaviour) and
- offering them products or services that best suit their needs within seconds
REAL-TIME DATA MARKETING IN PRACTICE
Whether B2B or B2C, I believe passionately that good marketing essentials are the same. We all are emotional beings looking for relevance, context and connection.Beth Comstock
One example of using real-time data marketing is that of dynamic banners, the display of which, within a viewed website, depends on the users’ behaviour and their history of online activities. Thus, it’s resulting from previous clicks. A similar marketing action can be applied to mobile applications. Knowing what other applications the users have installed, which modules they use most often and monitoring their behaviour on a regular basis, the presented content can be customized and personalized to the particular user of the application.
The data from the geolocation and beacons allows obtaining information about the current location of a customer, which facilitates matching the message to the situation in which the customer is. Thanks to it, advertisers have a chance to reach their customers with a relevant offer exactly when they pass by.
Another form of real-time data marketing is push notifications, which – if referring to the context (personalized and real-time) – may increase the user’s involvement and encourage him to make a purchase.
There is a place for real-time data marketing also in the B2B sector. Alerts for the sales department turn out to be exceptionally practical. When, after a long time, a
WHY DO REAL-TIME DATA MARKETING THIS WAY
Today it’s important to be present, be relevant and add value.Nick Besbeas
It is hard to underestimate the advantage of real-time data marketing, which is an opportunity to reach the customers at the most critical moments of any phase of their customer journey. A prospect captured at the most appropriate time, when he is actually interested in the product, service or when he is nearby, becomes a better-quality lead. What’s more, the personalized offers that the customers get, when referring to the context in which they are located, encourage them to take action immediately. And we all know that a great deal of buying decisions is made spontaneously, on the spot. Then, why not to help trigger these decisions?
Thanks to a combination of technology, data and trends, real-time data marketing
Also, the ability to track marketing campaigns in real time gives new opportunities. It allows finding out what works and what does not, in the chosen marketing strategy, and then quickly optimizing the actions that have been taken.
MASTERING RTDM WITH TASIL
Instead of using technology to automate processes, think about using technology to enhance human interaction.Tony Zambito
The ideal combination of Big Data analytics and RTDM that TASIL is based on, makes it smart enough to know exactly who is interested in what kind of a product or service and when it would be the best possible moment to reach this person with a relevant offer.
Hence, an insight deriving from Big Data analysis and a chance to contact the customer in real-time allows a marketer to prepare a highly personalized offer and send it to the customer at the most appropriate moment. For example, if you are a store owner, imagine you can automatically text a person who’s just passing by, inviting him or her to come in and taste your aromatic coffee. Just think how surprised and happy your new customer will be.
The message that the customers get, put in the context of where they currently are, encourages them to take action on the spot – visit a point of sale, buy, experience or do whatever they were invited to, without a feeling of being spammed. And this feeling of adequacy and needs being met exactly when they should, is priceless for each customer.
DONUT MISS TASIL’S RTDM CAMPAIGN!
We are too focused on last year’s results. We need to be real time.Lars Silberbauer
TASIL’s first advertising campaign, called ‘Donut miss it!’, was aimed at smooth, pragmatic introducing the platform into the market, by presenting its practical functioning to entrepreneurs and marketing experts. As the best way to show how TASIL works is letting it do its job, the campaign was designed based on TASIL’s main features, i.e. sending text messages in real-time and using geolocation to target recipients.
The campaign assumed that each selected person would receive a morning SMS with a teaser, encouraging him or her to think whether there is something he or she could do to improve the results of marketing campaigns addressed to his or her clients along with the clients’ satisfaction.
The first SMS was sent by a mysterious and catchy ‘Opportunity’ sender, while the next, clearly follow-up messages, were already signed by TASIL, suggesting that the TASIL sender, whoever it might be, was to provide recipients with some attractive opportunity. The second message reached the same selected group of people who got the first message, but this time, as planned, exactly the moment they arrived at their offices. It was a message welcoming at work and informing its recipients about a soon delivery of a gift. Then, after a while, each recipient got a box full of delicious donuts and a gadget – a lenticular printed leaflet fan, resembling TASIL’s logotype, disclosing some more details regarding the TASIL platform.
Later, the same recipients got a text message expressing hope that the gift made them feel better. It included also a notification of a phone call that the TASIL’s team intended to make. The call’s objective was setting up a meeting to explain what TASIL can do for the recipients to make their customers happier.
During the campaign, selected entrepreneurs had the opportunity to check TASIL’s functioning in the course of action and get inspired by a great potential it has.
The campaign was announced in social media and attracted interest as well as gained a positive response.
The campaign’s recipients could learn that with TASIL each company within Oman borders have a great chance to improve its communication with customers and make them happier. And that is actually how we understand and apply real-time dat marketing.