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Marketing Like a Quant
Hiten Shah
Crazy Egg & KISSmetrics
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What gets measured, gets managed.
Peter Drucker
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What Marketing Felt Like
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Data is Everywhere!
Each tool a marketer uses creates even more data to view, understand and analyze.
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The Opportunity
To make sense of all this marketing data so you can take action.
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1788
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The General Store
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Data about customers existed in people’s brains.
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1962
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It's not called the wheel, it's called the carousel.
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It let’s us travel the way a child travels…
Don Draper
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Data about customers came from panels and focus groups.
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20542002
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Hello Mr. Yakamoto, and welcome back to the Gap.
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How did those tank tops work out for you?
Minority Report
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Data about customers is stored and acted on by machines.
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Today.
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Amazon
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Audible
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Uber
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Provide customers what they want right when it’s needed.
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Big companies have the resources to throw money, machines and people at the opportunity…
What can you do?
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1 Identify your marketing opportunities
2 Find the why behind your data
3 Experiment like a scientist
3 Ways To Get Insights From Your Data
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Visits to KISSmetrics.com
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Signups from KISSmetrics.com
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Even when our traffic dipped we were able to get more signups.
How did we do it?
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Conversion Rate of KISSmetrics.com
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It’s Simple!
Buy Low.Sell High.
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Sources With Low Traffic And High Conversions
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Low Traffic, High Conversions
Figure out how to get more traffic from those sources.
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Sources With High Traffic And Low Conversions
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High Traffic, Low Conversions
Improve your conversions by A/B testing.
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Sources With Low Traffic And Low Conversions
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Low Traffic, Low Conversions
Investigate to see if it’s possible to get more traffic from those sources.
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Sources With High Traffic And High Conversions
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Sources With High Traffic And High Conversions
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Sources With High Traffic And High Conversions
1 Identify your marketing opportunities
2 Find the why behind your data
3 Experiment like a scientist
3 Ways To Get Insights From Your Data
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Find the problems
Why are customers not doing the things you want them to be doing?
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Why do people cancel?
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Use Qualaroo.com to ask website visitors questions
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Why don’t people convert on landing pages?
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What’s preventing people from signing up?
1 Identify your marketing opportunities
2 Find the why behind your data
3 Experiment like a scientist
3 Ways To Get Insights From Your Data
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There’s internal debate
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Everyone has their opinion
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You just want to do the right thing
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Eventually somebody says…
Let’s just test it.
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1 Start with data
2 Make an educated guess
3 Run an experiment
4 Measure your results
5 Decide what’s next
Experiment like a scientist
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Find the quickest way to get data
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Create small experiments
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Test emails by sending to small groups first
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Find out what’s already worked for you and others
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Test blog post ideas using social media
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Today.We can all do better
than we did yesterday.