The simple store receipt is one of the most powerful marketing tools a brand has at their disposal. Receipts contain a wealth of incomparable data on shopping habits, product, and retailers, and they are one of the best proof-of-purchase mechanisms for both one-off promotions and full loyalty programs. Let’s dive deeper into the data you can get from receipt processing, receipt analysis techniques and how it can shape your marketing strategy.
HOW CAN YOU ACTIVATE CONSUMERS & COLLECT RECEIPT DATA?
Activate Users In Any Channel...
- At Home
- In app
- TV / Radio
With Any Program type
- Contests and Promotions
- Loyalty Program
- Digital Rebates
- Rewards / Incentive programs
- Punchcard Programs
Validate any Purchase or Non-Purchase Transaction (to enhance your purchase data!)
- ePOS Integration
- Receipt / Pin-on-Pack
- PO / Invoice
Non - Purchase
WHAT KIND OF DATA CAN YOU GET FROM A RECEIPT?
- Geography - State, city zip code
- Individual Products & Combinations Purchased
- Quantity Purchased
- Minimum Spend - on total receipt or specific products
Retailer - retailer specific channel promotions
Purchase Dates & Times
Repeat Purchase - by quantity or spend
WHAT KIND OF ANALYSIS CAN YOU DO WITH THIS DATA?
- Receipt Count By Store - see where most of your consumers shop
- Share of Basket - discover the other products your consumers are buying outside of your brand, each shopping trip
Receipt Count By Day - find out the most popular times your consumers prefer to shop
Average Receipt Amount By Store - see which retailers your consumers spend the most money at
Receipt Per Member By Store - find out which retailers drive the most brand program engagement
Receipts Per Member By Geography ( Including Average Receipt Amount by Geography)
Full Basket Analysis of Each Consumer’s Shopping Trip - Products purchased, competitors, brand names, category analysis, basket size, behaviors, and prices.
Brand & Category Level Shopping Data: Find out where, when and how your customers are shopping.
Spend: See what percentage of basket spend your products represent and get total spend per receipt data.
Competition: Learn what competitive products and brands your customers are purchasing.
Retailer Breakdown: Understand how the above metrics and insights differ amongst various retailers.
Personalization & Segmentation: Derive insights to enable customer segmentation down to an individual level, to influence shopping behavior.
WHAT KIND OF STRATEGIES CAN BE SHAPED FROM THIS DATA?
- Targeting different demographics based on geography or basket analysis
- Providing more support to particular retailers to drive sales and engagement
- Executing cross-portfolio programs to increase basket size
Undertaking account specific instead of national programs
Creating limited time offers around certain calendar periods, days of the week, or even times of the day
Understand the competitive shopping landscape, to combat the competition and find partnership & coalition opportunities
Develop re-targeting programs for future CRM activities
SnippCheck, our market-leading, retailer-agnostic receipt processing and transaction validation platform, powers programs that are designed to engage consumers through the entire path to purchase - in-store, at home and online. Brands can scale activations and reward consumers based on a dollar value spend, number of products purchased or even a sum of purchases over time. SnippCheck enables brands to tap into unprecedented first-party purchase and behavioral data (including basket level analysis). It is key to creating unified data sets and building a 'true single customer view' to enable intelligent decision making. Click here to learn more.
To consult with one of our experts on a specific promotion or activation, contact us by clicking here.