When 69 percent of your target audience engages in a particular
purchase behavior, you’ll most certainly want your customer experience
to enable that activity. That, in a nutshell, is what’s behind the
recent resurgence in printed catalogs. A recent Xerox-InfoTrends
research study found that nearly seven out of 10 consumers consult
catalogs before purchases.
The same study found that transactions are three times larger when
catalogs are personalized and relevant to the recipient—and as a result,
68 percent of catalogers are seeking personalization solutions.
The power of data, combined with new production capabilities
associated with inkjet technology, is transforming the customer
experience for retailers and opening up new areas for revenue
generation.
Offset-Like Quality, Achievable with Inkjet
These technological advancements are bringing new hope to champions of personalized catalogs.
Rather than sending static or versioned catalogs, the economies and
capabilities enabled by inkjet printing are making it feasible for
retailers to add personalization and relevancy to catalog covers,
inserts and offers. Depending on mailing circulation, these can be
produced either entirely on digital production devices or as hybrid
solutions with digital and offset presses.
Among the new technology advancements helping enable personalized catalogs: The Xerox® TrivorTM 2400 Inkjet Press, available today, and Xerox High Fusion Inks,
releasing later this year. This new ink set is notable as it delivers a
wider color gamut and dramatic visual resolution that, when combined
with commodity offset coated papers, puts more high-quality jobs within
the reach of inkjet production. It’s important to note that these inks
help achieve brilliant, offset-like image quality without pre- or
post-coating processes or specialty heads.
One of the original pioneers of the personalized catalog is bonprix,
a Germany-based international retailer with more than 32 million
customers in 29 countries. While the retailer employs a multichannel
approach that spans online, print and retail, it is their printed
catalog that represents their most critical channel – 220 million copies
are distributed annually with 69% of online shoppers consulting the
catalog first.
Bonprix began personalizing its catalogs after running a test
campaign comparing a traditional static catalog with one that was
personalized to present relevant offers based upon the recipient’s
purchase history. Key results included 500% higher response rates from
current customers and 400% higher response rates from inactive
customers.
Brand Marketers, Cataloguers and Printers Come Together
Many print providers are interested in bringing these opportunities to catalogers. At Hunkeler Innovationdays in Luzerne, Switzerland, Xerox will be holding a two-day event
where marketers and print providers will gather to explore the
potential of personalized catalogs. Speakers will include leading retail
executives speaking on the power of personalization and importance of
the catalog in their marketing efforts, 1:1 visionaries will share
customer success stories and attendees will hear first-hand the results
of a just completed proof of concept for a major retailer in France.
You can learn more about using personalization to make catalogs more relevant to recipients by watching this video on the Xerox personalized catalog solution or by clicking here.
Interested in participating in the personalized catalog opportunity? Connect with me on LinkedIn and I’d be happy to discuss.
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