A podcaster asked what my most popular projects are?
Interestingly, a look back at the work I've performed over the past three years showed a series of individual analytics within projects that clients consistently responded positively to. There were close to a dozen individual "pieces" of projects that professionals enjoyed.
Which got me thinking ...
... what if I combined the most popular stuff y'all respond to, and create one project out of all of it?
Let's do that!!
My Top 12:
- My Elite Program Analytics that I run for Elite Program Subscribers 3x/year.
- Life Table Analysis that shows the path your customers follow from a first purchase to loyal status.
- Life Cycle Analysis - illustrating what your first-time buyers purchase vs. what average / loyal customers evolve into from a merch/channel standpoint.
- Class-Of Reporting (most popular), demonstrating potential missteps in your merchandise assortment strategy over time. This analysis consistently provides the most discussion in my video conferences.
- Primary / Secondary Merchandise Categories - I'll explain the categories that run your customer ecosystem. Each brand has 1-2 categories that either attract new customers or become that "gravity" that ties your loyal customers to your business. I cannot score all customers as normal within the scope of this project, but you'll understand what drives your business.
- Price Point Analysis - I will measure the impact that higher prices have on repurchase metrics and/or spend per repurchaser. Very relevant in the post-COVID / Tariff environment we operate in.
- New Customer Quality Analysis Over Time - Many ecommerce businesses went down the Paid Social rat hole and were left with a weakened customer file comprised of unresponsive customers. We'll figure out if that happened to your brand.
- 12 Month Future Spend For New Buyers by Channel/Season/Category - You won't get the scoring equations (that costs $$$) but you will learn which channels, which seasons, and which categories contribute to quality new customers.
- Reactivation Potential - I will describe whether your business should "lean into" customer reactivation as a meaningful growth opportunity. You won't receive the scoring models my clients usually receive, but you'll understand if you have customers willing to be reactivated.
- Five Year Demand Forecast (2nd most popular) - I will show you where your business is headed based on a segmentation of customers and prior repurchase activity.
- Multi-Year Marketing Budget Study - This high level analysis evaluates marketing spend by channel for the past three years, comparing your brand to a typical client. Are you over-spending, under-spending, or have what I'd call an "imbalanced spend" by channel?
- Mystery Analysis - Based on customer behavior, I will add one (1) analysis to the eleven outlined above. If you have merchandise problems, I'll draw into my Categories analysis. If you have loyalty problems, I'll dive into the Life Cycle analysis (etc).
Ok, that's a lot!
How much does this cost?
- Pick Any Two Aspects Of The Project = $5,000.
- Blog Subscribers and Clients: $12,000 through August 15.
- $19,000 For Everybody Else - $19,500 after August 15.
- $34,000 For A Deep Dive Within Each Of The Analyses.
I mean, for $12,000 you're getting an awful lot, aren't you?
I'll also include a one-page summary that outlines what I learned ... beyond the normal writeup/analysis.
You've got a little over two weeks to act, to get in the analysis queue. Contact me right now (kevinh@minethatdata.com) to reserve your spot. Click here for file layouts.
P.S.: If you are rebuilding your business, you'll need this analysis to point you in the right direction.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.