Cyber Week Sale:

Save 50% on a 3-month Digiday+ membership. Ends Dec 5.

SUBSCRIBE

The 3 stages of customer prospecting

Sometimes, the usual methods of playing off of consumers’ behavioral signals (e.g., retargeting) or using demographic targeting aren’t enough to find and acquire new customers. While these hit prospects who are waiting at the top and bottom of the sales funnel, they might miss out on unconventional targets hiding out in-between.

At last month’s Digiday Brand Summit, TruSignal discussed its method of demand creation for locating high-value prospects. By combining offline data and predictive analytics, you’re able to pick up customers that you were missing with your old methods. TruSignal broke the process into three stages: audience creation (finding an ideal customer and determining good fits among prospects), digital campaigns (including programmatic and RTB methods) and measurement of results. When used on behalf of an insurance provider (that was previously targeting on demographics), micro-patterns in the data collected actually pointed to different characteristics to look for: those who felt an affinity toward bodies of water and camping.

The result: The client saw a 16 percent lift in new sales activity, and the new accounts had a 34 percent higher average value.

See full video of the talk below:

DBS Tech Talk with TruSignal from Digiday on Vimeo.

More from Digiday

What publishers are wishing for this holiday season: End AI scraping and determine AI-powered audience value

Publishers want a fair, structured, regulated AI environment and they also want to define what the next decade of audience metrics looks like.

Ulta, Best Buy and Adidas dominate AI holiday shopping mentions

The brands that are seeing the biggest boost from this shift in consumer behavior are some of the biggest retailers.