Stop spending direct marketing dollars on customers who would purchase anyway!
True–lift modeling can identify:
- Which customers will purchase without receiving a marketing contact
- Which customers need a direct marketing nudge to make a purchase
- Which customers have a negative reaction to marketing (and purchase less if contacted)
This discussion will describe:
- The basic requirements needed to succeed with true–lift modeling
- Scenarios where this modeling method is most applicable
- The pros and cons of various approaches to true–lift modeling