Introduction to Personalization Marketing
At Oak Spring University , we define Personalization Marketing as a data driven that enables companies such as Nationwide Express to make informed decisions regarding current and future behaviour of targeted consumers. Personalization Marketing model is built upon how Nationwide Express customers are behaving at present and how their customer journey can be tailored to provided them an highly immersive and beneficial experience.
Personalization Marketing at Nationwide Express needs to not only cater to the promotional strategies targeting specific needs of the customers in the Trucking industry but also to steward overall customer behaviour towards a more holistic customer experience.
According to 2022, Cheetah Digital survey 74% of consumers want brands to treat them as an individual and 71% of the customers want to build a relationship with the brand that they buy regularly.
True Predictive Personalization Marketing goes further than just sales driving coupons or other promotion strategies. Predictive Personalization Marketing can help Nationwide Express to create more enriching brand experience, more convenient product purchase experience, more accessible post purchase experience that can drive higher customer satisfaction and loyalty among the customers in the Trucking industry.
To build a predictive personalization marketing at scale, Nationwide Express needs three things in the Trucking industry – Build a rich database that can provide long loop customer data, use appropriate statistical and machine learning models to derive deep insights, and a operational system that can act on the personalization finding and deliver a rich customer experience.
Predictive Personalization Marketing can help in –
Predictive Personalization Marketing can help Nationwide Express to make product purchase easier, maximise the effectiveness of its promotions and advertising efforts, and improve price perception.
Building a balance between the analytics and Nationwide Express competitive strategy is the key to efficient and effective personalization marketing strategy. Often only numbers driven approach can lead to highly optimal solutions that can deliver high revenue in short term but compromise the customer overall experience. This can result into long term sales stagnation. In Trucking industry, Nationwide Express needs to build a personalization marketing strategy that can build on each customer interaction in a meaningful way with a view to drive customer loyalty.
Prioritizing customer value is a key to differentiation. Nationwide Express needs to clearly define the customer values it wants to target in the Trucking industry. For example very often high spending customers are viewed as loyal customers. But this can mean different thing in different context. A single member household or small business buyer may spend less on Nationwide Express products compare to four member household or large corporate buyer, but share of overall basket may be significantly different thus making Nationwide Express products more critical to smaller players.
Predictive personalization marketing efforts at Nationwide Express in Trucking won't be effective unless managers at Nationwide Express understand - what is the purpose of personalization marketing messeage, what Nationwide Express want to say and what relationship it wants to have with its customers in Trucking industry.
Feel free to connect with us if you need business research.
You can download Excel Template of Case Study Solution & Analysis of Nationwide Express
Financial , Investment Services
Technology , Software & Programming
Healthcare , Biotechnology & Drugs
Capital Goods , Construction - Raw Materials
Consumer/Non-Cyclical , Beverages (Nonalcoholic)
Healthcare , Biotechnology & Drugs
Capital Goods , Construction - Raw Materials
Consumer/Non-Cyclical , Personal & Household Prods.
Capital Goods , Misc. Capital Goods
Services , Motion Pictures
Basic Materials , Misc. Fabricated Products
Healthcare , Medical Equipment & Supplies