Transpromotional

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Transpromotional (or Transpromo) describes a type of document or corporate communication strategy that delivers transactional information and promotional marketing messages. By adding relevant messages to transaction documents, companies can strengthen relationships and increase revenue.

Transpromotional documents combine CRM Customer relationship management and data mining technology with Variable data printing and location intelligence. This powerful combination reduces the cost of traditional statement printing by sharing the print spend with a marketing spend while reaching the prospect base of all existing customers. Many companies do this to some extent, including: Chase Bank, Citi Bank, Comcast, American Airlines and Amazon.com.

Today's printing technology allows companies to deliver more effective transpromotional documents than ever before, as full color variable data printing and variable data document composition software can be fully integrated into ERP and CRM systems to match existing customers with offers that are most likely to trigger a response. These software solutions enable you to create and produce truly personalized communications, with no limit as to what content can be variable from piece to piece.

A Transactional Document is a statement that provides the recipient with information regarding their transactions. This could be a detailed list of telephone calls, a cable bill, an EOB (Explanation of Benefits), an Invoice, a shipping manifest or an event ticket. Most transactional documents do not have targeted offers. Some will have a generic offer that prints on all statements, but these offers do not achieve the response rates that Transpromotional documents achieve.

Over the years, transpromotional communication has always taken the benefit out of new emerging technologies to take its effect. Over B/W printing moving to highlight color to full-color transpromotional mailings have now reached traditional offset quality while still being fully variable and customized documents. This quality can be reached by using digital presses such as the Xeikon 8000 introduced in May 2008

Many of the Electronic Print Output Industry news sources are covering the Transpromotional document. Some recent articles are listed below under "sources".

Contents

[edit] Why Statement-based Marketing Works

1. Unrivaled Openability. Statements and invoices are expected—they contain important financial information and usually require action. More than 95% of transaction documents are opened and read each month – far more than any other type of direct response effort.[1]

2. High Involvement. Bills and statements receive more attention than any other form of communication including television advertisements. Studies show that the average customer invests between one and three minutes for statement review. [2]

3. Trusted Media. While e-security and telephone fraud continue to make headlines, nearly everyone trusts the postal service to send and deliver mail – including highly important documents.

4. Functionality. Statements are often viewed more than once. The paper-based nature of transaction mail helps consumers pay bills, submit expense reports, prepare taxes and file documents. [3]

5. Greater Returns. Statement-based marketing is effective because it targets current customers. A five percent increase in current customer business can translate into as much as a 50 percent increase in bottom-line profits. [4]

[edit] Examples of TransPromo applications

OutputLinks lists a series of examples and case studies, including:

A global credit card company has satisfied customers and merchants by targeting messages based on spending habits – including geo-relevant data. For example, New York-based customers who travel frequently to England may receive promotions from London-based retailers.

A major service bureau serving the cable and telecommunication industry now prints dynamic messaging in color and black and white, segmenting offers based on specific customer preferences.

A transportation company provides consistent, targeted content across both paper and e-based communications – gaining the frequency needed to upsell more effectively.

A travel-oriented firm has merged personalized up-sell and information messages based on travel details and demographics – integrating communications across statements, luggage tags, resort guides and check-in slips – all in high-quality color.

A leading financial services firm has eliminated color preprints, and can now route files, process data and apply full color overlays to generate personalized statements using advanced document re-engineering software.

A print and mail operation can now accept more robust data and file formats from their clients, offering a higher level of value based on capabilities that include color variable print.

A telecommunications company reorganized their monthly statement to improve readability and reduce paper costs, adding unique offers based on each customer’s profile and geography.


[edit] TransPromo Technologies

Customer data integration (CDI) enables an organization to link all the information—even when it is stored in multiple databases—to provide a comprehensive view of each relationship.

Location intelligence is becoming one of the most valuable assets in marketing segmentation and decision making. Street-level profiling enhances data with rich demographic, lifestyle and consumer attributes. Mapping technologies give mailers the ability to present a more local, community-oriented image to your customers. One can also target messages or include third-party advertisements based on geographic proximity.

Database and marketing analytics can help segment customers and pinpoint high-potential opportunities. Geo-demographic data and cluster analysis, for example, can help a car manufacturer know whether to pitch an SUV or an ecologically-friendly Hybrid.

Document composition software makes it easier to compose one-to-one communications across every channel. The combination of template design, built-in business logic and automated printstream creation supports variable content based on segmentations, including text, graphics, images, fonts and layouts.

Production intelligence provides a smart, practical way to execute segment-driven strategies. Document output management allows mailers to modify and redirect printstreams on the fly, without disrupting underlying systems or operations – providing the flexibility to integrate color output devices, manage multiple print centers and manage output based on business rules. File-based processing provides an added level of assurance – putting the controls in place to guarantee that the right information is sent to the right customer at precisely the right time.[5]

While color printing is not required for TransPromo, it can create a stronger impact. Studies show that the effective use of color and personalization outsells traditional black and white messaging by up to 80% or more. And the costs of color variable print are coming down rapidly. In a recent cost analysis conducted by InfoTrends, the difference on a four-page document was calculated to be only 6.5 cents.


[edit] References

  1. ^ Irongate Digital Solutions, TransPromo Overview, www.irongatedigital.co.uk
  2. ^ Group 1 Software, Inc., 2004 Research Study
  3. ^ InfoTrends, Inc., The Future of Mail 2006
  4. ^ Jack Schmid and Alan Weber, Desktop Database Marketing
  5. ^ OutputLinks – Bridging the Gap: Overcoming Obstacles to TransPromo Success http://www.outputlinks.com/html/general/Pitney_Bowes_TransPromo_082807.shtml

[edit] Sources


[edit] External links

[edit] Organizations advocating Transpromotional strategies