888-ELOQUA4 (888-356-7824)
info@4ThoughtMarketing.com
Oracle CX Marketing Experts
4Thought Marketing4Thought Marketing4Thought Marketing4Thought Marketing
  • Home
  • Products
    • 4Comply Privacy Compliance
    • Oracle Eloqua Cloud Apps
    • Visual Segmentation – 4Segments
  • Services
    • Privacy Compliance Consulting
    • Strategic Services Offerings
      • Marketing Automation Plan (MAP)
      • Funnel Framework
      • Nurture Foundation
      • Segmentation Strategy
      • Lead Scoring (Advanced)
      • Data Capture Strategy
      • KPI Reporting & Analytics
      • Campaign Strategy
      • Marketing Automation Strategy – Measure & Improve
    • Campaign Services
    • Eloqua Data Services
      • Eloqua Data Services Overview
      • Data Cleansing
      • Deduplication and Company Matching
    • Eloqua Implementations
      • Eloqua Implementations Overview
      • Eloqua SmartStart Implementation Services
      • Net Promoter Score for Oracle Eloqua
      • Lead Nurturing
    • Eloqua Integration
    • Eloqua Health Check
  • Why 4Thought Marketing?
    • 4Thought Marketing Leadership Team
    • Clients
    • Testimonials
    • Partners
    • Careers at 4Thought Marketing
  • Blog
  • Contact Us

Marketing’s New “P” Privacy

    Home Privacy Compliance Marketing’s New “P” Privacy

    Marketing’s New “P” Privacy

    By 4Thought Marketing | Privacy Compliance | Comments are Closed | 1 March, 2020 | 1

    The Fifth P of Marketing

    Marketing’s New “P” Privacy

    As marketing professionals, we’ve all grown up with the four, or more recently, the five Ps of marketing – product, price, placement, promotion, and peoplke.  But now there’s a new P of marketing in town,  and this is the most important one of all; Privacy.

    The Ps of marketing are from a bygone age where communications were limited to postal mail, phone calls, and sales outlets, and tracking was limited to computer capacity.  But this has long since changed.  Despite the plethora of new technologies in their marketing stack, marketers are still playing catch-up.  In fact, many are so far behind that the regulators are stepping in to protect consumer privacy because brands can’t be trusted.

    And here lies the problem.

    Privacy: The Foundation of Everything

    Everything we know about customer experience tells us that TRUST is the foundation for everything.  Yet, legislators and privacy advocates scream that marketing needs to be regulated to ensure that minimum data privacy standards are upheld.  Really?

    Surely this is upside down for a digital world.  Shouldn’t we be starting with trust and building on this without the obligation of privacy regulation?  And with new generations of consumers becoming savvier, the focus on privacy is more intense than ever.

    Dodging the Digital Backlash

    If brands are to prevent a digital backlash from their most lucrative buyers, they need to build trust.  And they need to do it now.

    With the implementation of GDPA in the EU (2018) and the recent introduction of CCPA in California, brands are suddenly jarred awake to the realities of privacy regulation and compliance.

    But with many marketers, as soon as they’ve caught up with one set of regional regulations, the next one comes down the line; it’s the digital version of marketing playing whack-a-mole.

    Beyond Basic Privacy Compliance

    There is a better way for marketers to get ahead of the curve.  Marketers need to build a framework that is flexible and agile enough to quickly accommodate changes in customer data privacy regulations whenever they change, or with the introduction of new ones.  But the more important aspect of this approach is to place trust at the forefront of your marketing and customer experience strategy.

    For example, 4Thought Marketing created 4Comply – a solution for Oracle Marketing Cloud (Eloqua) users who want to remove marketing from playing legal whack-a-mole from their core competencies and embed privacy best practices into the fabric of their brand.  But building a trusted relationship needs a whole lot more than just meeting privacy compliance basics.

    The next step is to transfer control to your customers, offering the ability for customers to control precisely how your brand interacts with them.  Everything from the frequency of contact to the subject matter and medium of communication.  But, this is easier said than done.  Give your customers too much work to do and they’ll throw their hands up and walk away.  Ask them questions that are too intrusive, and they might be offended.  This is why data privacy management goes hand-in-hand with Subscription Management when it comes to building trust.

    Marketing’s Trust-Leadership Challenge for Privacy

    In these days of increasing data privacy regulation, there is a golden opportunity for marketers to take a customer experience, leadership position by putting TRUST at the forefront of the relationship. By being the champions of establishing trust, you build a strong foundation for customer loyalty.  By setting the bar high, and putting strong governance in place, you insulate your brand from the endless conveyor belt of privacy regulation.  The sooner you act, the easier it will be.

    To find out more about how you can turn data privacy compliance into enduring customer trust and loyalty, download our free eBook, “Achieving Trust Through Compliance. A Marketer’s Guide to Customer Data Privacy.”

    4Comply, CASL, CCPA, Compliance, GDPR, marketing automation, Privacy

    Related Posts

    • Compliance Is Opportunity for Marketers in 2020

      Why Compliance is a Huge Opportunity for Marketers

      By Richard Holder | Comments are Closed

      In the past few years, we’ve seen a seismic shift in how consumers feel about their personal information.  They’ve seen their information exploited for financial and political gain.  Tech companies increasingly innovate new ways toRead more

    • CASL: Countdown Checklist for Full Implementation

      By 4Thought Marketing | Comments are Closed

       CASL Update 5/1/18: Although it was in question for some time, the Canadian Government has reaffirmed that the “Private Right of Action” is still effective.  One legal interpretation can be read here On July 1,Read more

    Recent Posts

    • Take Control of Your Data Uploads with the Eloqua Upload Wizard
    • Simplify Your Eloqua Nurture Campaign Management
    • Measuring Email Performance after Apples Mail Privacy Protection
    • Improving Email Image Quality on Retina Displays
    • 10 Best Practices for Creating Eloqua Forms

    4Thought Marketing

     4Thought Marketing

    We help Oracle CX Marketing Customers Accelerate Time to Value.

    Manage Your Subscriptions

    Contact Us

    Phone:
    888-ELOQUA4 (888-356-7824)

    Email:
    info@4ThoughtMarketing.com

    en English
    zh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish

    Copyright © 2009-2022 4Thought Marketing. All Rights Reserved | Privacy

    • Home
    • Products
      • 4Comply Privacy Compliance
      • Oracle Eloqua Cloud Apps
      • Visual Segmentation – 4Segments
    • Services
      • Privacy Compliance Consulting
      • Strategic Services Offerings
        • Marketing Automation Plan (MAP)
        • Funnel Framework
        • Nurture Foundation
        • Segmentation Strategy
        • Lead Scoring (Advanced)
        • Data Capture Strategy
        • KPI Reporting & Analytics
        • Campaign Strategy
        • Marketing Automation Strategy – Measure & Improve
      • Campaign Services
      • Eloqua Data Services
        • Eloqua Data Services Overview
        • Data Cleansing
        • Deduplication and Company Matching
      • Eloqua Implementations
        • Eloqua Implementations Overview
        • Eloqua SmartStart Implementation Services
        • Net Promoter Score for Oracle Eloqua
        • Lead Nurturing
      • Eloqua Integration
      • Eloqua Health Check
    • Why 4Thought Marketing?
      • 4Thought Marketing Leadership Team
      • Clients
      • Testimonials
      • Partners
      • Careers at 4Thought Marketing
    • Blog
    • Contact Us
    4Thought Marketing