Bundled plans can be a true win-win situation for both the provider and its customers. For the customer, bundling their plans can act as a cost-saving measure and comes with the convenience of a singular billing mechanism, saving them the trouble of having to separately pay for their multiple services. From the telco’s standpoint, having a customer invest in them as the sole provider for their mobile, internet, or streaming needs leads to an increased revenue per customer and an improved lifetime value. However, bundling is not as simple as it sounds – it’s not a “one size fits all” approach and has to be flexible and customizable to suit a consumer’s needs.
Use Case Overview
The main goal of this use case is to get existing customers to switch from singular to bundled plans. The sub-goal and associated offers & experiences will vary for different types of audiences:
- Send an experience to compel customers with multiple (yet disparate) plans to opt for a bundle by highlighting the predicted savings that they can earn
- Accommodate the growing consumption needs of customers (e.g. has exceeded data or talk time within the last 30 days) by upselling them to a bundle allowing for an increased consumption limit
- Convince customers (already enrolled in at least one service) whose browsing behavior suggest heightened interest in another service provided by the telco to complete the purchase by cross-selling them with a customized bundle
This use case combines two of the IEP’s core functions: customer journey analytics and smart audiences. With these, easily design customized campaigns suited for the needs of various customer segments, and audiences are updated in real-time, promoting relevancy in the communication by ensuring that the right people are targeted only at the right time.