Awareness
During the awareness stage, having a single source of truth allows for rapid, real-time insights into what outreach is working and what is not. Paid ads, blog content, and social posts can be analyzed for how effective they are at getting noticed.
NASCAR used a variety of services for spreading awareness. One of its most useful was Facebook Ads, which was integrated with GrowthLoop for optimization. Customer data could be used to help find lookalike customers while suppressing advertising to already engaged customers.
Consideration
At the consideration stage, customers are evaluating your product critically, comparing your offerings with those of your competitors. Here, it is important to record what information they see, and what customer interactions occur. Whether or not a buyer goes on to make a purchase often depends on whether or not they were convinced that the features of your product would help alleviate their pain points.
GrowthLoop created more than 4,000 different audiences for NASCAR based on existing information from over 17 million customer records. This allows for both precise and consistent messaging across all platforms, ensuring that each customer is shown the ideal set of information for their background.
Before access to the data cloud, this operation was much more cumbersome for NASCAR. Data was scattered, and it was hard to create accurate customer personas, leading to inconsistent messaging for customers in the consideration stage.
Purchase
When a customer makes a purchase, their actions provide data about their experience: what was their source? Google ads? Email? You can look at what add-ons people often buy, or what factors might have caused customers to return to an abandoned cart.
NASCAR customers may make different types of purchases, such as tickets, t-shirts, mugs, or other merchandise. All of this information is collected and stored on the cloud..
Retention and Loyalty
Over the long term, retention and customer loyalty can be measured based on how often customers return to your brand. This information can be compared with further engagement, such as customer support interactions or direct customer feedback, to determine what post-purchase activity is most effective.
After a purchase, NASCAR customers may interact with the company through several different entry points. Because the core product is an event, many customers return again and again to watch, sometimes at different venues. Additionally, customer service data is collected to enhance the image of customer loyalty.
Advocacy
Finally, whether or not customers are turning into advocates for your brand can be measured by looking at their tendency to promote it. Most noticeably, this is in taking actions like posting online reviews or mentioning your brand on social media. This information can act as a proxy for more private forms of advocacy like word of mouth.
The goal in every case is to produce actionable insights on enhancements that will improve the customer journey according to actual customer preferences. Ideally, these data analytics come from real-time data and are targeted at strengthening the customer relationship.