Faced with declining response rates, The Hartford (Hartford, Conn.; $24.7 billion in 2009 revenue) wanted its direct mail to deliver more ROI. Working with Columbia, Md.-based database marketing agency Merkle, the company has used customer data to develop a testing and analytics framework to optimize messaging, shoring up its direct-to-consumer efforts....
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The Secret to a Sound E-mail Acquisition Strategy
March 8, 2010
From Industry Centers
Have you ever taken the time to calculate the lifetime value of an e-mail subscriber? To do so costs you almost nothing, but the knowledge can be of great value to you, particularly when it comes to determining how much to invest in e-mail subscriber acquisition. To explain this, let's start by comparing the value of postal addresses and e-mail addresses. The cost to rent an individual's postal address is between four cents and 15 cents; however, to rent the same individual's e-mail address can cost 10 times that amount.
Farmers Insurance's Shiv Gupta on How Predictive Models Can Improve Direct Mail ROI
March 24, 2010
From Tipline
Considering Farmers Insurance Group has been in business since 1928, it definitely has a lot of historical information about its auto, home and life insurance policy holders. The Los Angeles-based company that began with the intention of insuring the vehicles of rural farmers decided it was time to build on that data and take an intelligent look into the future through predictive modeling aimed at retaining customers.