CASE STUDY: Reducing churn within Skillsoft's EMEA customers

Provided by Gasp
We were tasked with reducing churn within Skillsoft's EMEA customers. Specifically their 'at risk' customers expiring in 2014.
Download Attachment View Website Contact Details
View all by this company Email to a Colleague

What was the Challenge / Background of the Campaign?

We were tasked with reducing churn within Skillsoft's EMEA customers. Specifically their 'at risk' customers whose accounts were due to expire in 2014. In these cases the customer was almost entirely disengaged from Skillsoft resulting in poor license consumption.

What was the Campaign Objective?

The key objective was to reduce churn rates within the organisation's EMEA customer base and get them re-engaged with the business. We identified 10 Skillsoft customers with a combioned contract value of £665,000 and engaged with them via DM, email and phone

What was the Solution?

The DM element was a visually outstanding and highly personalized letter for key stakeholders within those companies, simple really. If the sheer appearance of a piece of DM can communicate information before it's read, then this one spoke the equivalent of a Russian novel. The letter was crumpled up and suspended in a clear perspex box as if floating. The clean and precise lines of the perspex contrasted so sharply with the paper, it compelled the recipient to open and read it. Provocative wording further emphasized the customer's wasted investment.

What were the Results?

Well, this is the really great bit. After just three months, five recipients out of the original ten responded positively. I'm sure you can work out the percentage there. Four meetings were set to review the customer's accounts and put an action plan in place to improve them. One recipient even signed a new 4-year contract early, to a value of £313k! And the overall budget for this campaign was only £10k. How's that for a return on investment?

What were the Key Learnings of this Campaign?

The whole DM piece conveyed the idea of waste, and chimed perfectly with the tone of the copy, which challenged the customer to make better use of their Skillsoft account. Through highly personalized and visually strong communication techniques it was possible to engage key clients for a relatively modest budget. Multiple touch points were also essential. Plain text email versions of the letter were sent as a follow up, alongside phone calls.
BudgetReach & FrequencyTarget AudienceMedia Used
£0 to £50k10 of Skillsoft's leading EMEA customers
All adultsBoth
ABC1
DIRECT MARKETING / EMAIL
DIRECT MARKETING / POSTAL
Campaign LocationCampaign DurationMarketing ObjectiveCampaign Type
All YearENGAGEMENT
Many more ideas on GetMeMedia.com   Click here to register and view them!

Search for Ideas

Age

Gender

Media Route

Marketing Route

Full Search Options
Getmemedia.com is the place for brands and their agencies to find marketing ideas, media insight and sponsorship solutions.

Sign Up

Register now to find out more about Getmemedia.com Agencies Marketers Media/Rights Owners