Barclays Personalised Lending Video

Getting email marketing right has been my key mission over the past few weeks. Creating email campaigns that resonate with the recipient and cut above the noise for the target audience is a tough challenge for any marketer.
Dynamic, personalised emails are becoming increasingly common, with tailored offers, copy, imagery and links based on specific customer data. We can now send a customer who hasn't purchased in the past 3 months 20% off vs a regular customer 10% off. Brands are also experimenting with the endless possibilities to use the increasing amounts of data we hold on customers.
A brand who absolutely smashed data-driven personalised targeting through email is Barclays. In the video below you can see how they use extremely specific customer data to explain their offering, proposition and price and deliver the campaign in a fun and engaging way.

The videos appear to be bespoke (in reality there were over 500 names recorded), giving the customer a complete surprise as it feels as thought the video has been filmed especially for them. 

The overall campaign aims to make it clear to customers that Barclays can give you a good estimate of the value of a potential loan before you apply, therefore eliminating the fear of rejection. They also focused clearly on three reasons why customers may want to take out a loan i.e. home improvements, for a car or to consolidate debt. This made the proposition entirely clear for the consumer and provided visual reminders the entire way through of their own potential loan amount. It's almost like dangling a carrot in front of a donkey, but without the fear of having this taken away once applying.

The video was then embedded in to multi-device optimised emails, which were shown to have 106% uplift in open rates in comparison to Barclay's usual email campaigns. They also delivered 1100% uplift in click-through rates, so overall an all-round success.

Delivering these emails to a carefully selected data set, with highly personal and targeted offers, meant that Barclays were able to track and monitor how likely each customer was to convert, based on their past banking habits. Data really is giving marketers the power to shape campaigns like never before. Barclays were even able to address different customers in certain ways, for example over 50s were addressed with their title and surname, whereas under 50s were just addressed by their first name.

Emails are easy to track, fairly cost-effective and are direct channels which marketers can really take advantage of in order to deliver customer-centric communications. Don't let your email campaigns sink in with all the untargeted junk we receive on a daily basis!

Well done Barclays!

Is NEXT still relevant?

Since moving to Swindon in late-October, I can bet my friends and family would describe me as going a bit 'furniture mad'. I've been scouring every furniture site, warehouse, store for not only the best deals, but my perfect piece of furniture.

I used to sell sofas in NEXT during my first couple of years at university and lust over the beautiful sofas and perfectly matching furniture sets that were bang on-trend. Every colour, pattern, handle or design was so carefully thought out and I used to spend every 4-8pm shift on a Friday planning out my dream lounge or bedroom.

Finally, I have that dream flat! Furniture shopping has become my addiction and therefore I have spent a lot of time in NEXT stores searching for the perfect piece. However, after finding some great pieces, I never ended up actually going through with any of the purchases. I found almost all of NEXT's furniture products cheaper online. There were almost identical items for over half the price- I was not prepared to pay double for a brand name that I wouldn't have even been proud of owning.

One may argue, that although NEXT do not compete on price, they have a range of added-value benefits including fantastic distribution networks (you can click & collect before midnight the day before), great customer service (I remember giving someone a refund on a rug they bought 2 years before) and convenient locations (drive up, pick up). I agree these are fantastic benefits which the customer can see the real value in and perhaps why they can still act as a semi-premium retailer. However, I don't know if customers are really willing to pay double the price.

Not premium or value

There's no argument- NEXT's quality in terms of manufacturing and materials is unmatchable to other retailers on their scale. For such a huge retailer, their products do have that 'personal', do I dare say 'home-made' feel to them. It is evident that they beat the likes of The Range or IKEA when it comes to intricate and careful designs, however NEXT are not on a par with ultra-quality stores such as John Lewis or House of Fraser who have less stores, yet serve more carefully selected items from well-known, luxury brands.

I feel as though constantly acting as the 'middle' guy can be a win in some cases, NEXT for me is for the families who want to tap in to the luxury lifestyles, but aren't quite at the bespoke or tailored levels. However, not really defining your market could also be a real hindrance for NEXT as they are a reachable brand for most, yet I'm not sure how many of us would consider them as a treat if there is no real perceived product satisfaction, i.e. I was just as happy buying my mirrored dressing table from a never-heard-of online retalier than I would have been from NEXT, however had it been John Lewis I might have thought differently.

Discontinuing ranges

Another factor that deterred me from investing in furniture from NEXT, especially having had worked there, was there continual range refreshes. I know how fast paced their ranges are, not just furniture but clothing and accessories too. As I wanted to buy a couple of pieces at a time, I was relunctant to buy from NEXT for fear that the same range may have been discontinued the next month. Online, there is less of a fear due to the level of stock they can actually carry, due to the fact most of the businesses are literally- a warehouse and an office.

Price Promotions

NEXT don't ever do short-term reductions on their products. Other than 'buy two products, get £20 off each' which, as I said earlier, I was not in a position to do. I am a sucker for a reduction, no matter how small and if I see an item with 20% off it is usually the final push for me to click 'buy'. I know I am totally falling for marketing all of the time!

The infamous sale

Finally, one of the reasons I believe NEXT are irrelevant to me, as a consumer, is the fact I know that all of their products will be half price in 4 or 5 months time. It's the classic story of £100 on Christmas Eve, £10 on Boxing Day. I know this can happen with every retailer, but the face that NEXT places so much emphasis on their sales makes me think "Do I really want this enough to warrant not waiting for the sale? The answer is usually no.


I've placed the context of this blog post entirely on NEXT's furniture offering, however I believe it also applies to their clothing too. I am lacking a clear viewpoint of what they can offer me in exchange for hiked-up prices, a lack of confidence in the brand and a determination to get a better deal.