The other day, as I was renting the latest blockbuster hit from the bright red video kiosk beside my pharmacy, my wife called from her vehicle to me about how she wished there was a candy machine beside the video rental device. I related to her that this is the basis of transpromotional marketing! She was unimpressed. This instance got me thinking, “why don’t more businesses take advantage of the captive audience at their hands?”
For example, with data and research, a snack and soda machine attached to this video rental station could use my selection to provide pertinent recommendations based on my film choice. If I rented “The Fast and the Furious,” the machine may suggest an energy drink and some pork rinds; for “The Artist” it might recommend truffles and Perrier; “Toy Story 3” would come packaged with a case of juice boxes and some Skittles. You get the idea.
The point I am getting to is with the consumer data that companies already have at their fingertips, very sophisticated cross-promotional opportunities exist. Utility companies can analyze usage and print energy saving tips or a coupon for fluorescent light bulbs directly on the side-panel of a monthly statement. A bank might be able to advertise upcoming offerings for overdraft protection based on customers that have bounced a check, or a referral program routed through social media (and gather more data in the meantime). Every industry that sends printed statements or business mailings has the opportunity to maximize every inch of their mailing with modern print technology and a provider than can handle the data.
Perhaps we are not too far away from days where my copy of “Animal House” comes complete with a six-pack and a bag of marshmallows (if you’ve seen the movie, you get the reference), but until then, businesses take note! The technology is available, the data is there, the audience is already identified, so take advantage of it!
This post was provided by Matt Haskell who writes for the SourceLink blog. Check it out!