Verizon Protect – one of Verizon’s phone insurance offerings – is the company’s highest revenue-generating service add-on. During a recent “open enrolment” campaign for Verizon Protect, the marketing team wanted to drive even more incremental lift with improved audience targeting that better matched this limited-time offer to the most relevant customers.
However, advanced modeling and audience-building are complex and time-consuming jobs, often requiring significant technical resources. The marketing team knew that they had behavioral and event-based data which could reveal insights into customer needs and intent, but they did not yet have the means to unlock this value in a scalable and privacy-secure
manner.
Applying Audience AI, Verizon successfully broadened its enrolment propensity model using consumer interests and behaviors. Compared to the existing audience selection model, the campaign achieved:
“We wanted to see if we could take our audience targeting to the next level by leveraging behavioral insights developed with Intent HQ’s platform. Our goal is to create marketing that is so relevant to our customers that they view our messages as helpful suggestions as if we were a friend.
Audience AI is helping us do that by giving our marketers fingertip access to human-level insights and making them truly actionable. The results have been exceeding expectations, sometimes by a very wide margin.”
Verizon wanted to understand the different customer groupings based on the current Verizon Protect customer and past purchase behaviors. With those insights, they could then create scalable target audiences paired with personalized campaign creative, and messaging.
Applying Audience AI, Verizon successfully broadened its enrollment propensity model using consumer interests and behaviors identified within customer profile data, past campaign engagement data and insights driven by permissioned weblog analytics. By harnessing these different data sources in one place, Verizon was able to build out an optimized persona that would prove to be significantly more successful than its traditional target.
The marketplace for telcos is tougher than ever. So if you’re to thrive in an environment where customer demands are high and new, innovative offerings are always looking to persuade consumers to switch providers, you need to stand out from the crowd. To do this, an effective personalization strategy is a must-have. This plays a […]
Customers expect relevant communication. Each customer that makes up a brand’s customer base is a unique individual with various needs, expectations and pain points. To effectively communicate and support them, organizations must acknowledge their diversity, and act accordingly. Customer segmentation refers to the process of dividing customers into subgroups based on similar characteristics and variables […]
Telcos are at an inflection point. For years, they’ve faced mounting pressure from better-funded, more innovative tech competitors, and seen a return on investment, profits and market share slowly dwindle.
Welcome to the future of business innovation. In our comprehensive eBook, we unveil the transformative power of Edge computing and equip you with the knowledge and strategies needed to stay ahead in today’s rapidly evolving landscape.