Personalization works better in email than it does in any other channel. But brands seems far from satisfied with their overall results, judging by Personalization In Digital Marketing, a new study
by Ascend2.
Only 21% see themselves as best-in-class at making personalization work strategically, and 72% as somewhat successful. And 7% are
unsuccessful.
On the positive side, 47% strongly say campaign performance is significantly impacted when personalization is used. And 48% moderately
agree.
In addition, 53% say they have sufficient technology to deliver relevant and consistent messaging across all of their marketing channels. Another 26% don’t, and 21% are
unsure.
Email produces the biggest impact for companies engaged in personalization:
- Email—62%
- Website—54%
- Landing pages—29%
- Live chat—25%
- Mobile apps—17%
- SMS—16%
- Paid social—19%
- Paid
search—13%
- Organic social—9%
- Organic search—9%
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Why is email tops? In part, because
“email personalization has become “increasingly accessible to most businesses regardless of size, budget or marketing channel,” the study states.
But there are challenges to
achieving strategic success with personalization. They include:
- Managing customer/consumer expectations—39%
- Budget/resources to
execute—38%
- Creating/delivering relevant content—31%
- Tracking customer through the entire
journey—28%
- Required technology to execute—21%
- Creating a single view of the
customer—19%
- Data integrity—18%
- Data unification—13%
- Adhering to compliance/data
regulations—12%
- Buy-in from leadership—10%
The critical elements needed to execute a personalization strategy are slightly
different in order of importance:
- Creating/delivering relevant content—45%
- Managing customer/consumer expectations—43%
- Budget resources to execute—35%
- Data integrity—28%
- Taking customer through the entire
journey—26%
- Required technology to execute—26%
- Adhering to compliance/data privacy
regulations—17%
- Data unification—14%
- Creating a single view of the
customer—13%
- Buy-in from leadership—10%
All that said, the respondents see clear benefits in personalization:
- Increased customer retention—49%
- Improved customer experience—43%
- Increased engagement—43%
- Increased revenue--41%
- Increased brand awareness—36%
- Increased
conversions—26%
- Sales and marketing alignment—22%
Ascend2 and its Research Partners surveyed 364
marketers. Of these, 25% were B2B, 50% B2C and 25% B2B and B2C equally. In addition, 21% were in companies with more than 500 employees, 19% in firms with 50 to 500 and 60% in those with fewer than
50.