Space NK apothecary get a marketing makeover with BlueVenn
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Case Study Space NK apothecary get a marketing makeover with BlueVenn Space NK apothecary retail innovative high-end beauty, fragrance, skincare and hair care products to customers around the world. It was looking to take control of its customer data analysis and improve time to market. Space NK was searching for a database marketing solution that would enable its marketing team to take campaigns from concept to action in 24 hours or less, rather than weeks. With BlueVenn’s analytics and marketing platform, the Space NK team can now combine multiple sources of customer data and derive reliable insight to underpin marketing decisions. ©BlueVenn 1
Case Study Space NK: The Background Space NK Apothecary is an international supplier of luxury beauty products, with an extensive online store, 62 stores across the UK and Ireland and 22 in the US. It continually adds innovative products, sourced globally, to its range. It is not untypical for organizations to outsource customer data management to an agency to carry out analysis that becomes the foundation of marketing campaigns. Once every couple of weeks, Space NK sent data to a third party agency which would perform deduplication and data cleansing and then supply management reports on that data. This included email selections, brochure selections and reporting on numbers of new customers. Joe Pack, Head of CRM at Space NK identified that this arrangement was not meeting the needs of the business. ©BlueVenn 2
Case Study Space NK: Asking Questions of your Data As Space NK developed more Further frustrations arose with the sophisticated ambitions for its marketing limited nature of the query process, function, Pack wanted to get answers constrained by a literal interpretation of from the analysis in hours rather than the questions asked. When querying days or weeks. data, inevitably one question leads to another and another. Working with a When he or his marketing team had third party agency there is little flexibility questions about the data, the process for to drill down into the numbers and getting answers was very rigid. explore the data. In addition, Space NK encountered reconciliation issues with For example, they would develop a set of data shared with the agency, and as a ten questions and send them to the result could not entirely trust the quality agency, which would then supply a quote and accuracy of the data. for the cost and length of time it would take to provide answers to those questions. In many cases that resulted in the database marketing team having to Working with a third reduce the number of questions to fit budget constraints. A few weeks later, party agency there is Space NK would receive the answers back to the number of questions submitted. little flexibility to drill This extended turnaround time was down into the numbers becoming untenable. and explore the data. ©BlueVenn 3
Case Study The beauty of Customer Insight Space NK required a central hub for Space NK turned to BlueVenn to customer data that would allow the transform its marketing analytics. Pack insights team to experiment with data had previously worked with BlueVenn, so analysis. “We needed to report on the key knew what could be achieved; however metrics that drive the business,” says this didn’t stop him doing his due Pack. “These include cost per acquisition diligence. “We did evaluate the market for (CPA), retention rates, spend per a solution, but I came back to BlueVenn. I customer, lifetime value and trends in had worked successfully with them orders per customer, average selling before and we did not feel that an SPSS price and items per order.” solution offered any more than BlueVenn, even though they have a As well as more flexibility to derive higher price point.” analysis and insight from data, Space NK was looking to create an attribution model that would allow the company to source additional external data sources to enrich the overall view of the customer. That might include importing online tracking data from suppliers, appending it to the order file and then identifying the true source of an order (affiliates, PPC, SEO etc.) as new customer records are added. ©BlueVenn 4
Case Study The beauty of Customer Insight He also considered alternatives but felt flexible approach to providing the that for many suppliers the prime focus necessary support to fill any gaps in my was on working through agencies: “We knowledge. The resulting implementation weren’t looking to get into bed with process was very speedy, with the basic another agency to manage our data for solution up and running in a week and us. What we were looking for was a final tweaks completed in three weeks.” direct relationship with the technology supplier, not least because the ability to throw data at the back end and play with it is enormously valuable. It is actually “The resulting one of the key benefits of partnering implementation with BlueVenn.” process was very Pack believed he had enough previous speedy, with the basic experience with the solution to implement it in-house. “I was quite happy solution up and to do it all myself so that is the route we went down. 90% of it went very smoothly running in a week and and very well. Ten percent of it turned final tweaks completed out to be slightly beyond my capabilities,” says Pack. “At this point we in three weeks.” turned to the BlueVenn support team who took a Joe Pack, Head of CRM, Space NK ©BlueVenn 5
Case Study Data visibility drives bottom line benefits Now Space NK has an in-house marketing analytics solution using BlueVenn to help it analyze customer data and build customer knowledge. It has also enabled the insight team to create and distribute reports, and use the campaigner functionality to clean and deduplicate lists. “As we have started to provide useful Space NK now has much more visibility of the data processes and is gaining vital analysis the appetite business insight. As a result of the ability to analyze data onsite, powered by of the business for this BlueVenn, the marketing team has been kind of insight and able to add 45,000 email addresses back into its marketing file that it had been understanding is inadvertently omitting during mailing snowballing.” campaigns. This is a high value group of Joe Pack, customers so this previously Head of CRM, Space NK unachievable action is likely to translate into significant bottom line benefits. ©BlueVenn 6
Case Study Data visibility drives bottom line benefits In the months following the He adds, “The attribution model allows us implementation Space NK have been to make a much more informed decision busy incorporating extra data sources about where our acquisition spend into the BlueVenn solution. “We have should go. When a new customer arrives been pulling in data sources left and at the website, it is possible to say exactly right. For example, data from our email where they came from and how much it service provider, data from web analytics cost to acquire them. That allows us to for the production of the attribution make much better decisions about model and integrating competition further investment.” entrants who were held on a different database,” says Pack. 24 hour Marketing makeover – from concept to action BlueVenn’s analytics power a hugely accelerated speed to market, with Space NK achieving in hours activity that used to take weeks. Pack says, “If we want to “BlueVenn is one of produce a very specific mailing campaign, the best analytical tools for example sending out sample items to our best customers who have bought in the market.” similar things before, in the old way of Joe Pack, Head of CRM, Space NK doings things that would have been a two-week process, to brief the agency, get the list created and then actually use it. Now we can turn it around in a day. We can go from concept to action in 24 hours.” ©BlueVenn 7
Case Study “We are making much more informed decisions now, with the value of BlueVenn reaching right across the business.” Joe Pack, Head of CRM, Space NK ©BlueVenn 8
Contact Us Call us now : UK (+44) 117 943 5800 USA (+1) 617 207-8685 Email us at: BlueVenn UK marketing@bluevenn.com One Redcliff Street, Bristol, BS1 6NP, United Kingdom Make an enquiry: Contact us BlueVenn USA 555 Fayetteville Street Raleigh www.bluevenn.com NC 27601 USA www.twitter.com/BlueGroupInc www.linkedin.com/company/bluevenn www.youtube.com/user/bluegroupinc ©BlueVenn 9
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