How Icon by Design leveraged remarketing technology

The local Scandi-inspired furniture brand’s co-founder reveals how a new remarketing strategy is driving sales and customer engagement

Furniture brands trying to get noticed by online-savvy shoppers in today’s crowded retail marketplace need a robust marketing strategy. And that’s exactly what Icon by Design decided to build with its latest remarketing model.

The family-owned, Sydney based supplier of contemporary furniture sources its product line directly from manufacturers, eliminating wholesale suppliers to allow the business to keep their operation agile and prices competitive. But despite its unique brand offering, the company needed to find a unique way to stand out from the crowd. Building brand awareness in a crowded marketplace was key.

“Purchasing furniture usually takes time – you research it, shop around and sometimes it can take months,” Icon by Design’s co-founder, David Light, told CMO. “And the world of selling furniture is a highly competitive one. So for us, it is critical to be front of mind while the customer is going through that journey so they remember us.

“We had spent quite a reasonable amount of money driving people to the website, but it was time to remarket.”

Building a solution

To do this, the company brought on Criteo’s remarketing platform for maintaining ongoing content and emails for the customer as they go through the journey.

Prior to the investment, Icon by Design was using a number of internal tools. But when the software company approached the local furniture company and offered a broad range of services across a number of different platforms, Light said it made a lot of sense.

“Criteo’s pitch to us that Icon was not just buying a platform from them, but a service,” he said. “So it was very much a service-based offering as opposed to just a platform-based offering.

“It’s also a very personalised, performance-based model, so you set targets and can customise campaigns to meet those objectives. And with the ROI model you are also in control of spend and conversions.”

Since partnering with Criteo in 2016, Icon has grown its average monthly revenue by 29 per cent, through a targeted, personalised commerce marketing strategy. By using Criteo’s unique solution, Icon by Design is also now able to connect with potential shoppers with greater accuracy and persistence throughout the path to purchase.

Read more: How Domain is using retargeting to personalise mobile marketing

How Nude by Nature was able to prove the effectiveness of retargeted advertising

As a result, shoppers are returning more frequently and buying more when on the site. Figures show the average order value has increased by a further 27 per cent.

Icon by Design's co-founder David Light said the new partnership has driven sales, brand awareness and a stronger marketing model
Icon by Design's co-founder David Light said the new partnership has driven sales, brand awareness and a stronger marketing model



“With Criteo, we’ve implemented a strategy that maps out and follows potential buyers purchasing patterns,” Light said. “This means we can engage with them early on in their research, in addition to when purchases are being made. The strategy ensures that our products stay front of mind from discovery to decision.”

Light stressed top of the line activity has also been impacted positively, while the brand continues to enjoy a very high Net Promoter Score (NPS).

“We’ve been balancing the continuous awareness and exposure of our brand with sales conversion, and we’re quite comfortable that people are finding us online and choosing to visit our store,” he said. “Our NPS is between 70 and 80 and the average is 11.

“We set an objective to be world class, and we are consistently encouraging our customers to give us feedback so we can consistently improve.  We provide timeless design, clean, minimalist elegance with a Scandinavian luxury feel – and this style ethos really appeals to people.”

Moving forward, Light said Icon by Design sees its interaction with customers as a conversation, and in the brand’s marketing model, the focus is enticing people to continue to come to its website and physical store.”

“We’ve also now moved forward  and created a new head of marketing and online role in the company to make sure we have continue to have consistency with our marketing, social, emails campaigns, as well as premium website and instore customer experiences,” he added.

Questions to ask yourself prior implementing a remarketing strategy:

  • What are you trying to achieve?
  • What are your targets when it comes to ROI?
  • How will you be driving those metrics?
  • Is your data clean?
  • Can you correlate your online experience consistently with your physical store?

Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+:google.com/+CmoAu        

 

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Latest Videos

Conversations over a cuppa with CMO: Microsoft's Pip Arthur

​In this latest episode of our conversations over a cuppa with CMO, we catch up with the delightful Pip Arthur, Microsoft Australia's chief marketing officer and communications director, to talk about thinking differently, delivering on B2B connection in the crisis, brand purpose and marketing transformation.

More Videos

Hey there! Very interesting article, thank you for your input! I found particularly interesting the part where you mentioned that certain...

Martin Valovič

Companies don’t have policies to disrupt traditional business models: Forrester’s McQuivey

Read more

I too am regularly surprised at how little care a large swathe of consumers take over the sharing and use of their personal data. As a m...

Catherine Stenson

Have customers really changed? - Marketing edge - CMO Australia

Read more

The biggest concern is the lack of awareness among marketers and the most important thing is the transparency and consent.

Joe Hawks

Data privacy 2021: What should be front and centre for the CMO right now

Read more

Thanks for giving these awesome suggestions. It's very in-depth and informative!sell property online

Joe Hawks

The new rules of Millennial marketing in 2021

Read more

In these tough times finding an earning opportunity that can be weaved into your lifestyle is hard. Doordash fits the bill nicely until y...

Fred Lawrence

DoorDash launches in Australia

Read more

Blog Posts

Highlights of 2020 deliver necessity for Circular Economies

The lessons emerging from a year like 2020 are what make the highlights, not necessarily what we gained. One of these is renewed emphasis on sustainability, and by this, I mean complete circular sustainability.

Katja Forbes

Managing director of Designit, Australia and New Zealand

Have customers really changed?

The past 12 months have been a confronting time for marketers, with each week seemingly bringing a new challenge. Some of the more notable impacts have been customer-centric, driven by shifting priorities, new consumption habits and expectation transfer.

Emilie Tan

Marketing strategist, Alpha Digital

Cultivating engaging content in Account-based Marketing (ABM)

ABM has been the buzzword in digital marketing for a while now, but I feel many companies are yet to really harness its power. The most important elements of ABM are to: Identify the right accounts; listen to these tracked accounts; and hyper-personalise your content to these accounts to truly engage them. It’s this third step where most companies struggle.

Joana Inch

Co-founder and head of digital, Hat Media Australia

Sign in