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conversational ai for the win

Enhancing Customer Engagement and Conversions with Conversational AI: A Retail Success Story

 

Apartments

Places to be apart. Wait, what?

 

Unicorns

A single corn. Er, I mean horn.

 

Blender Phones

These absolutely deserve to exist.

 

Adios

See you...

 

I mean hello

...over here.

 

Otters

Look at me, imma cute lil fella.

Source 5 min Tutorial

$0.91

revenue per unique
lapsed customer

63.7%

open rate
driven by LTV.ai

4%

click-through rate
driven by LTV.ai

The Challenge

Despite being one of the highest rated men’s apparel brands, Ministry of Supply faced challenges in effectively engaging their customers who were increasingly tuning out one way batch and blast communications. Their primary hurdles were:

Personalization: Their existing email retargeting workflows mirrored the typical “one-to many” approach that marketers struggle with today

Scaling Nurturing efforts: Their co-founders would often send customers feedback gathering outreach directly from their email accounts, but found it cumbersome to handle thousands of customer replies.

Ministry of Supply needed a more personalized and targeted approach to not only improve customer interactions and drive sales but also nurture customers beyond discounting. 

mos-customer-3

The Results

The collaboration with LTV.ai yielded remarkable results for Ministry of Supply, measured against a control group. 

  • Customer Segment: Have not purchased in 180+ days
  • Average Open Rate: 63.36% (+15%)
  • Average CTR: 4.01% (+34%)
  • Revenue per Unique Lapsed Customer: $0.91

By partnering with LTV.ai, Ministry of Supply was able to 

  • Drive a statistically significant improvement in their owned channel performance and engagement.
  • Generate and leverage actionable customer feedback and sentiment analysis, based directly off of thousands of real customer anecdotes, summarized in an easy to digest manner.
The success of this collaboration underscores the efficacy of personalized communication in driving business results and highlights the transformative potential of leveraging AI to help brands speak to their people like people.

The Solution

LTV.ai enabled Ministry of Supply to not only tailor their communications to each customer’s preferences and behaviors, but changed the dynamic of their interactions from batch and blast to conversational, giving each customer a voice via conversational commerce. By seamlessly plugging into Ministry of Supply's existing tech stack, LTV.ai was able to:
 
  • Start Quickly - MoS dedicated 1 hour to integration tech lift, involving updating DNS records, providing a customer list and downloading LTV.ai’s Shopify app.
  • Re-Engage Customers - LTV.ai thrives in reactivating customers with email and SMS outreach from an AI Brand Ambassador, including tailored product recommendations, exclusive offers, and timely reminders, all designed to resonate with individual customers
  • Improve Customer Experience - With LTV.ai, customer replies and feedback are welcomed and the same AI Brand Ambassador holds conversations with customers to nurture them towards their next purchase.

About Ministry of Supply

Ministry of Supply is an innovative DTC apparel brand, specializing in high-performance business wear that combines comfort, sustainability, and cutting-edge technology. Founded by MIT graduates, the company aims to revolutionize the traditional work wardrobe with garments that are both stylish and functional. Their product range is designed to adapt to the demands of a modern, fast-paced lifestyle, providing their customers with maximum comfort and performance.

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