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Customer Profiling & Prospect Modeling Projects

As the saying goes, your customers are the lifeblood of your organization. Gather as much information on those customers as possible. Find new customers most like the ones you hold near and dear to your heart. C.TRAC can help.

plus  A National Basketball Team

Problem: A national Basketball Franchise was in need of additional insight regarding their fan base. Ticket sales were lagging and direct mail marketing efforts didn’t seem to help. The group needed a partner who could manage the back-end of all CRM and marketing pursuits.

Solution:
Part 1: Combined data from divergent data files and lists were merged into one single, multi-segmented database. All historic information was carried through and compiled. Going forward, sweepstake and rebate program entries were keyed, tabulated and appended to the database for additional depth.

Part 2: Routine updates are preformed to identify both lapsed ticket buyers and up-sell opportunities. Ticket buyers were segmented by seat price and arena location. They were then profiled by group, enabling a more-specific prospect list to be built.

End Result: From disparate files containing outdated name and address information to a fully functional multi-dimensional database; we provided our client with a custom-built, highly tailored fan profile based on arena section. It is now possible for our client to make more educated decisions regarding how to approach each fan type when marketing for the new season.

 

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  A National Franchise for B2B Commercial Print and
        Promotion Products

Problem:  Our client was not only looking to solicit new franchise owners but also the ability to identifying sales prospects for each franchise owner and their respective geographies.  The company needed a systematic approach to direct marketing success on both fronts.

 

Solution: 

Part 1: Finding Franchisees

Current franchisees were profiled by appending business-oriented data elements.  Trends were categorized in regions and provided a more robust “picture” of the ideal new franchisee. 

 

Part 2: Finding Customers

Current customer files were consolidated and extensive hygiene processing was preformed.  Updated data was then matched up against business data resources for append.  Extensive analysis was conducted to create a Total Customer Profile of the business and ownership demographics providing insight as to where new business opportunities existed.  Subsequently, regional profiles were created to delve deeper into demographic and psychographic differences in our client’s vast customer base.

 

End Result: Marketing pursuits are directed to those most likely to respond like never before.  Newly designed customer profile and models reflect the variances in customer base by geography and provide new franchisee owners with a snapshot of the market they are about to enter, and where the biggest opportunities for new business development reside.

 

 

plus  A National Supplier of High-Performance
        Appliances & Cookware 

Problem: Who responds to what?

Our client profiled their customer base before and had a good idea what their average customer “looked like.”  But what demographic variances exist across product lines?  Do online buyers “look” vastly different than buyers who call in off a direct response card?  If Step 1 was to profiling an entire pool of customers than Step 2 was to segment buyers in some meaningful way and profile those individual segments.

 

Solution:  Not one customer, but several different and unique compilations.

The task was set, the foundation laid.  Our client collects new sales from three major venues:  Online/Web, Direct Mail Response and Trade Show.  The characteristics of these three buying groups are already a part of the company-wide buyer’s profile.  When run separately however, the variations from one group to the other were astounding.

 

Under each unique “method of communication,” variance in customer age and income were noticed.  Other less-obvious life-style characteristics also became apparent.  The presence of children, education level and house-hold profession/trade served as other “information pockets” that provide the ability to craft new rules for building effective prospect lists.

 

End Result:  The right approach for the right person.

Now when preparing a marketing campaign, the end result is considered first.  Trying to solicit an online purchase or a direct-response call-in?  Or is the ultimate goal to drive attendance and trial at an upcoming trade show?  Each prospect list is modeled directly from the most-relevant of these three profiles.  Our client can effectively contact less people without sacrificing # of responses. 

 

 

   
     
 
C.TRAC information solutions    16855 Foltz Parkway | Strongsville, Ohio 44149-5517 (440) 572-1000 Fax: (440) 572-3330 ctrac@ctrac.com
 
 
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Helping clients increase ROI through innovative direct marketing and database initiatives