17
Aug
08

Survey reveals telecom industry missing marketing oppportunities

A recent survey by Valista reveals that mobile industry wants more streamlined campaign on-boarding and management methods. At Cequity, we do encourage telcos to start thinking  CLCM( Customer Lifecycle Campaigns) which includes planned on-boarding of new acquisitions, defending the relationship in the first 90 days, reinforcing the relationship in the next 45 days and win-back programs if there is a churn amongst these customers. It needs to be a systematic and planned process of customer engagement. Take a look at what the survey revealed: 

“It can typically take months to introduce a new mobile campaign across all the carriers,” Heeran said. “This clearly needs to change as many campaigns lose relevancy with each passing month and some campaigns are never considered because of the production time. Mobile service and content providers need to be able to react to the market quickly and provision new mobile campaigns in a more dynamic fashion.”
 
According to the survey, the mobile industry could take better advantage of customer loyalty programs as a way to spur purchases of downloaded content.
 
“Surprisingly, none of the respondents said that they use any form of loyalty scheme as an incentive to increase content purchasing or encourage repeat buyers,” Valista officials say. “Over 70 percent of those surveyed, however, use other promotions methods to entice customers to purchase more content, including discounts, free trials and product bundling.”

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At Cequity, we believe customer intelligence will be the biggest competitive advantage enterprises will have in the next decade or two. Successful enterprises of tomorrow will be the ones who can organize and leverage this information at speed to optimize their marketing performance, increase accountability, improve profit and deliver growth. Cequity insights will bring to you trends and insights in this area and it’s our way of sharing best practices so as to help you accelerate this culture and thinking in your organization.
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