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Better marketing through better questions

Better Marketing Research through Better Analytics

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Are we asking the right questions of our marketing? This presentation is about where the greatest areas of opportunity are in our marketing. A lot of this presentation is visual, not sure if the notes will appear on slideshare...

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Page 1: Better Marketing Research through Better Analytics

Better marketing through

better questions

Page 2: Better Marketing Research through Better Analytics

Your goals?

• Learn how to improve your marketing ROI

• Learn how to find new/better audience

• Learn how to evangelize your program

• Make them see your importance, brilliance, and general attractiveness

Page 3: Better Marketing Research through Better Analytics

marketing an old message

this is not round

what do those balls even mean?

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Page 5: Better Marketing Research through Better Analytics

My goal

• We need to think more like generalists

• Then, we can act like specialists

• Don’t install “lead plumbing”

Page 6: Better Marketing Research through Better Analytics

the math of money

Page 7: Better Marketing Research through Better Analytics

revenue

profitability

cash flow

x

=

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revenue

profitability

cash flow

x

=

$$$ $$

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revenue

profitability

cash flow

x

=

$$$ $$

Page 10: Better Marketing Research through Better Analytics

better questions

Page 11: Better Marketing Research through Better Analytics

what? why? how?

this question is...

are you asking?

how do you answer?

getting a good answer?

is this realistic?

boring interesting catalytic

100% 90% 1.47%

reports brains vision

90% 10% 1.47%

yes YES hmm...

Page 12: Better Marketing Research through Better Analytics

Answering “what”

• Early in your process - audience research

• During - reporting

• After - . . . reporting

Page 13: Better Marketing Research through Better Analytics

Answering “why”

• First, you need to ask . . . the right way

• Failure can not be failure.

• Gestapo tactics - not a good idea

• Keeping your motivation a secret isn’t either

• “What do you think about . . . ?”

Page 14: Better Marketing Research through Better Analytics

who to ask?

• Who in your organization can answer questions without bias?

• If your analytics team can’t moderate this conversation, it’s time to “make changes”

Page 15: Better Marketing Research through Better Analytics

what you’ll get back

• Laziness - the “intrinsic value” model

• Brilliance - the “I care” model

Page 16: Better Marketing Research through Better Analytics

when to ask “why”

search impression click conversion

now?

Page 17: Better Marketing Research through Better Analytics

when to ask “why”

search impression click conversion

now?

landing page

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when to ask “why”

search impression click conversion

now?

landing page cart

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when to ask “why”

search impression click conversion

now? yes.

[a whole bunch of stuff]

- site speed- message consistency- navigation, implied architecture- usability- content (scan-worthy)- site experience- cart experience- account experience- payment experience- follow-up

Page 20: Better Marketing Research through Better Analytics

measure what’s important

• Once we have some context, we can establish KPIs (what) and understand them

• Map KPIs directly to tactics

• Know how to react

• Have a plan for when to leave KPIs behind

Page 21: Better Marketing Research through Better Analytics

So, what’s all this “how” business?

Page 22: Better Marketing Research through Better Analytics

so . . . an SEO, a usability guy, and a programmer walk into a bar...

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in the land of 1 sun . . .

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the land of 1,000 suns . . .

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GO!

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how?

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Time 10 25 50 100

2 weeks

1 month

1 quarter

6 months

$4 $10 $20 $40

$8 $20 $40 $80

$26 $65 $130 $260

$52 $130 $260 $520

BP Increase in conversion

Revenue forfeited (thousands)

$50k/week revenue @ 2.5% conversion rate

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Who does it right?

Page 31: Better Marketing Research through Better Analytics

Who does it right?

vision technology marketingfinance andoperations

merchandising

marketing marketing marketing

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doggy bag

Page 33: Better Marketing Research through Better Analytics

• Don’t ask what until you know why

• Get people educated on the big picture

• Build context

• Define KPIs with a plan of action

• See if your company can handle how

• Pick your sun

• Ask specialists to weigh in on things outside their realm

• Be patient. This will hurt.