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    December 20, 2012

    The Twelve Days of Electronic Marketing


    by Ron Daly 

    If you’re waiting until the last minute to figure out that perfect gift for a special someone, might I dissuade you from looking into giving them the “Twelve Days of Christmas” gifts? Twelve drummers drumming, eleven pipers piping, and so on, will cost you quite a pretty penny. Plus, where do you put it all? I haven’t really got the room for the 364 total presents I’d be getting. Maybe we could stick the birds outside in the back yard, but all the milk maids and leaping gentlemen would be a little annoying.

    I’ve decided none of you is getting all these birds, rings, busy artisans, etc. Instead, I’m giving you the twelve days of electronic marketing! Sing along, if you think you can.

    On the 12 Days of Christmas, DigitalMailer Gave to Me: 

    • 12 Months of eMailing - A monthly email newsletter doesn’t cost much to send and gives your customers an idea of what’s shaking at your business.
    • 11 major holidays- You’ve got:
      1. New Year’s
      2. Valentine’s Day
      3. St. Patrick’s Day
      4. Easter
      5. Mother’s Day
      6. Father’s Day
      7. 4th of July
      8. “Back-to-School”
      9. Halloween
      10. Thanksgiving
      11. Christmas/Holiday

      That’s eleven easy touch-points with built-in branding to play with – get to work and make something outstanding.

    • 10 fingers typing – Got an initiative you’re trying to get off the ground? Have a fun community outreach program? Got something really interesting to say? Start a blog! It’s never been easier.
    • 9  referrers referring – If you’re looking into NetPromoter scoring, remember – nines and tens are your only “referrers”. Sevens and eights aren’t counted and six and below are detractors. And always ask “why?” when it comes to the score you were given.
    • 8 hours of working – The eight hour workday is disappearing. People are working from home and on the go. Consider how much information you’re hoping they’ll retain. Make your messages clear and concise, and always lead them to an action. Be efficient, you want to be a solution, not part of a bigger problem.
    • 7 days a week – Are certain emails more likely to work on the weekend? How will you know if you’re not split-testing? Consider a weekend email for new home buyers looking into open houses, or car shoppers who might take a Saturday afternoon to browse the lots.
    • 6 month reviews – Check out how your efforts are doing every six months or so. Set benchmarks, evaluate, make changes, and strive for the best.
    • 5 GOLD RINGS! (Just felt like singing that one.)
    • 4 points-of-contact – We like to give people a few ways to get hold of us, if they need us. We welcome people to email us, call, write or tweet at us…whatever works for them, works for us.
    • 3 calls-to-action – In a good email campaign, you’ll want to give at least three call-to-action links: one at the top, in text, for the impulsive; one that’s a big graphic for the visually minded; one toward the bottom for the thorough readers.
    • 2 ways to view – Remember, more and more users are reading their email on a mobile device – ReturnPath estimates that more people will be reading email on a mobile device than on a computer by the end of 2012 (which, I don’t need to remind you, is less than two weeks away). We’re working on a few ways to optimize emails responsively that we’re going to share with our clients in 2013. What are you doing to prepare?
    • And a cartridge printer in need (of a job) – More mobile documents, fewer things to print out, more ways to save and store those documents…we’re committed to taking our clients further away from their paper needs.

    Not to toot my own Christmas trumpet or anything, but that’s a much better list. Better to have good advice and food for thought than a bunch of dancers, geese and hens breaking all your furniture and getting allergy-causing down everywhere.

    From all of us to all of you, MERRY CHRISTMAS and a happy, productive, lucrative new year!

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    August 5, 2009

    Special Guest Dan Schoenherr on "Closing the Loop"



    Dan Schoenherr is an experienced credit union consultant. He has expertise in strategic planning, process improvement, board governance, and website strategies. He is President/CEO of Schoenherr Consulting and has led several credit unions in their process improvement programs and creating member delight. Most recently he has been helping credit unions with their Net Promoter® Score programs. He may be reached at dan@schoenherrconsulting.com.

    Net Promoter® Score, a loyalty measurement, has been adopted by many credit unions. However, many are not “closing the loop.” A Net Promoter® Score survey asks the question: “How likely is it that you would recommend (the credit union) to a friend or colleague?” Customers respond on a 0-to-10 point rating scale and are categorized as follows:

    • Promoters (score 9-10) are loyal enthusiasts who will keep buying and refer others, fueling growth
    • Passives (score 7-8) are satisfied but unenthusiastic members who are vulnerable to competitive offerings
    • Detractors (score 0-6) are unhappy members who can damage your brand and impede growth through negative word-of-mouth.

    To calculate the credit union’s Net Promoter® Score (NPS), take the percentage of members who are Promoters and subtract the percentage who are Detractors.


    Closing the Loop

    Most NPS surveys ask a second question: What is the primary reason for the score you just gave us? This is the beginning of the feedback process that allows the credit union to improve the member experience. Digital Mailer’s eSurvey system will send an email to a designated credit union employee on any survey received with a Detractor score of 0-6. This allows the credit to contact the member (generally within 48 hours), to understand their concerns in greater detail and resolve any issues.

    An internal review of the results should be conducted to identify key drivers of loyalty and establish process improvement plans. The last part of the “loop” is informing members what you did with the information provided.


    Email Surveying

    About one-third of the credit unions sharing their NPS scores on the CU-Processes website do phone surveys. While this approach provides excellent feedback, it is very expensive. The largest majority are doing mail surveys. This approach offers little chance to immediately “close the loop” with the member, or to delve deeper into the core reasons for the member’s dissatisfaction.

    Email provides fast surveying (especially if event-driven), and the opportunity to immediately “close the loop” with the member. It also allows you a simple way to survey various segments – a specific branch, the contact center, online users, etc.

    If you are considering a Net Promoter® Score program, make sure it includes the steps to “close the loop.” Otherwise, you have missed the opportunity to truly improve the member’s experience with the credit union.

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