About Us
Fulcrum is a brand activations company specialising in below the line campaigns, special events and other field marketing activities. Established in 2007, we have extensive experience in our field and count amongst our points of difference the following.
We do this by creating moments in popular malls, colleges, bus stops, multiplexes, stores and events right into cherished moments in a customers life.
Our vision is to empower brands & corporates to communicate primarily through the medium of experience & innovation.
We believe in the sales of our clients products/services, sales supported by brand visibility, awareness and execution of the products message with a promotional objective.
Marketing organizations today are realizing the need for 24/7, “always on” relationships with their prospects and customers. Getting there through analytics, strategy and technology goes well beyond just the marketing process itself; it also means delivering a consistent and relevant brand experience across the entire consumer relationship.
Marketing organizations today are realizing the need for 24/7, “always on” relationships with their prospects and customers. Getting there through analytics, strategy and technology goes well beyond just the marketing process itself; it also means delivering a consistent and relevant brand experience across the entire consumer relationship.
Stages of an Always on Brand RelationshipOur paradigm has shifted from just acquisition and retention. Today we need to think about every stage of the customer relationship and how we can coordinate and optimize each to improve the overall value of the customer. The methodology is the same analyze the customer, use insights to fine tune strategy and then use technology to automate and streamline the interactions any way we can. But now, however, we have to cover more stages in the relationship.
A little simplification certainly helps while there are unlimited steps in each individual customers multichannel interaction with your brand, moving to five stages in your planning makes this always on relationship a bit more manageable:
1. Share. Before your prospects ever make a purchase, they are probably talking about you with their friends or researching your products online. Understanding who your customer evangelists are is the first line of offense they are probably the group that will be sought out with questions by prospects. Consider evangelists as a special target audience that should have all the most up-to-the-minute information about your products and services so they can give the right advice before you ever have the chance to talk to a prospect. Start experimenting with social listening platforms to find out what kind of conversations are happening online where your brand is mentioned. Consider a strategy where your outbound contact centers reach out proactively wherever your brand is mentioned to make sure bloggers or detractors have information from your point of view.
2. Attract. Understand where visitors are coming from online and offline. How customers heard about you and what drove them to your brand isn’t nice to know it’s something you need to know. Just as traditional direct response marketers always evaluate the source of a customer, marketers should try to identify the source and maintain that information on the database because it will illuminate the vast differences between attraction strategies. Bring online and offline data together to try to evaluate both the overall value of the source and the different value of the customers who are attracted from each.
3. Convert. How does the conversion to a sale happen, and when does it fall apart? You should know the cost of the sale and the lost opportunity when prospects fall out of your pipeline, shopping cart or walk out of the store without finding what they were looking for. Be ready with automated messaging and outbound support as soon as those events happen. Finding your conversion problems and fixing them with automated communications can often deliver an excellent return on investment.
4. Retain. Its amazing how sophisticated marketers dont really understand how many customers they lose on a regular basis. Really understanding your retention or attrition rates can be the highest revenue generating research you can do. Play around with retention scenarios and see how much you can gain by reducing attrition by just 1% its usually a very large revenue number. And remember to think about retention in terms of cohorts many companies lose first-year customers at much higher rates than customers who have stuck around for longer. The average retention rate across all customers is usually a very misleading number. Some membership organizations say they have 80% retention, but they lose over 95% of first-year customers. If you understand what the triggers are in the first year, you can make much better decisions about what its worth investing in to turn a one-year customer into a two-year customer.
5. Grow. Some of your customers will happily grow their relationship with you and others will deliver less opportunity. Use the same kind of analytics to find growth opportunity as you do to find the initial sales opportunity; the payback may be much higher.
Each of these five stages deserves smart, targeted and personalized strategies that will help deliver a more consistent, satisfying relationship for your customers. If we want to truly create an always-on relationship, stop focusing just on acquisition and retention and discover the terrific return on investment opportunity across relationship stages.
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