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What are your marketing objectives? Generate sales, brand awareness, increase revenues, enhance customer loyalty, or improve customer experience? In today’s digital marketing ecosystem, promotional campaigns alone do not necessary lead to a sale. As companies increase digital marketing investments, marketers are facing increased pressure to prove the return on marketing investments (ROMI) of their digital and branding campaigns. This presentation, originally shared at the 2013 IQPC Digital Marketing Mix & Metrics Conference, provides best practices for marketers on how to align their marketing metrics with their campaigns.
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Digital Marketing Mix & Metrics:”Setting Marketing Objectives: Align Your Digital
Marketing Metrics with Campaign Objectives”
Courtney Wiley
Vice President, MarketingNovember 15, 2013
Insert Picture Here
@wileyCcoyote#AskTPMA
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M eSpeaker Background
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Agenda
Speaker Background
Marketing’s Real-Life Objectives
My Metrics-to-Objectives Alignment “Cheat Sheet”
Digital Marketing: The “Cliff’s Notes” Version
Metrics/KPIs Mapping
Bonus Material
Takeaways
Q&A
Contact Info
Copyright © 2013, Marketing Advocate. All rights reserved.4
How Does Marketing Attribute the Most Value to the Org?
• Increase the number of Twitter followers and Facebook “likes”
• Develop more content• Send 4 more emails per week• Add a blog to the Web site• Initiate a PPC click-to-call campaign• Publish 1 press release a quarter• Implement a mobile text campaign• Email pre-show mailers to generate
more foot traffic to your booth
• Leverage digital and online marketing to drive dynamic, scalable growth of the demand generation funnel
• Speed the velocity of leads through the B2B buying cycle
• Increase CLV• Decrease CPL• Improve the scope, strength, and
efficiency of the sales pipeline• Increase marketing attribution revenue
The Business Challenge at the Highest Level
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My Alignment “Cheat Sheet”
• Understand the P1 company-wide business objective– Align with your #1 internal customer
• Start diving for data!– Locate all closed-won opportunities from the last FY
• Determine campaign mix – What do you want your campaign to net? Drive leads, awareness, Web traffic?– Identify areas of exposure– Which content assets are required to support each activity?
• Start where you are– Benchmark, benchmark, benchmark
• Execute and measure your demand gen funnel• Tweak dials as needed
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You Can’t Manage What You Can’t MeasureThe Eventual “Holy Grail” of Marketing Metrics
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Search KPIs
• Number of MQLs generated by paid search
– Which keywords? Which campaigns?
• Change in CPL• Share-of-Voice (SOV) for top terms• Number of impressions• Number of paid search clicks MOM• Percentage of Web traffic being
driven by paid search• What % of total site conversions are
paid search leads?
• Number of MQLs generated by organic search
– Which keywords?
• Number of MQLs initiated by SEO• Position of SEO rankings for non-
brand keywords• Natural file downloads (content)• Percentage of Web traffic being
driven by organic search• What % of total site conversions are
organic search leads?
Objective: To Increase Brand Awareness, Provide Air Cover, Gen Demand
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Search ROI
% Budget % Lead Gen
Paid Search 12% 13.5%
Remarketing 12% 21%
Search Remarketing 68% 60.5%
SEO 8% 5%
For every $1 of paid search spend, we netted $2.38 in pipeline
Cost per MQL PPC $-
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
Sept Oct
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Web KPIsObjective: To Increase Traffic + Brand Awareness, Generate Leads
• Number of MQLs generated from Web site• Web analytics metrics
– Visits– Unique Visits– % Unique– Page Views– Pages per Visit
• Sources of traffic– % of TS (direct) traffic versus organic versus referral versus social versus paid
• Sources of online conversion• Pingbacks • Site “stickiness”
– Blog comments– Returning visitors
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1 2 3 40.0%
10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%
100.0%
0%
1%
2%
Visits-to-Leads
% Organic Linear (% Organic)% Paid % of Visitors Converting
Axis Title
% P
aid
or O
rgan
ic
% V
isito
rs C
onve
rted
by
Mon
th
Visits Unique Visits % Unique Pageviews Pages per Visit
0%10%20%30%40%50%60%70%80%90%
100%
Web Analytics Dashboard
Jul-13 Aug-13 Sep-13 Oct-13
Direct Organic Paid Referral Social0
100
200
300
400
500
600
Traffic Sources
Jul-13 Aug-13 Sep-13 Oct-13
Online Conversions
Direct Organic Paid Referral Social
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Email Marketing KPIs
• Email performance metrics – Open rate (OR)– Click-through rate (CTR)– Click-to-open rate (CTOR)– Unsubscribe rate (UR)– Bounce rate (BR)– Deliverability rate (DR)
• Nurture campaign results by type
• Re-engagement campaign results
Objective: To Stay Top-of-Mind with Prospects, Stimulate Engagement
Nurture TypeTop of funnel
Middle of funnel
Bottom of funnel Objective
Suspect x
To improve top-of-funnel lead generation. Leads/contacts—net new or existing—do not meet criteria to transition to an MQL (for a particular product line)
MQL xTo pre-qualify leads. Leads/contacts meet MQL criteria to qualify them for routing to Sales (for a particular product line)
Onboarding/Welcome x
To take new customers through a welcome track (by product), to restate acct POCs and offer addt’l proof points about purchased product, allow them to opt-in to specific mailings; is automatically activated by the system
Active Recycle (SRL) x x
To stay top-of-mind after lead has been dispositioned for a particular LOV reason (i.e., buying cycle extended, timing past standard sales cycle, etc.); is activated by Sales
Passive Recycle (SRL) x
To pull back dead/expired leads at the product-line level; these leads have never been touched by Sales. These leads would either return to previous nurture track-stage or be sent continued education resources on an ongoing basis
Customer Up-/Cross-sell x
To increase ARR per customer. Cross-sell: Customers that been identified as having a propensity to purchase a particular product, where a complimentary purchase can add proven ROI; Up-sell: Opportunity to up-sell additional licenses for a particular product
Competitor Attack x x x
To either displace a competitor or counter-attack competitor campaigns by product line
EOL/Renewals x
To proactively engage w customers’ designated POC before contract expires (i.e., 90 days prior to expiration) in order to re-up terms
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Email Open Rate (%) Click-Through Rate (%)0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
7.7%
0.6%
6.5%1.0%7.9%
0.9%
9.3%
0.9%6.8%
0.8%
37.8%
1.2%
8.2%
0.8%
7.0% 0.3%
Email 1 Email 2 Email 3 Email 4 Email 5 Email 6 Email 7Email 8 Email 9 Email 10 Email 11 Email 12 Email 13 Email 14
MQLs Generated from Email Campaigns
Email Performance Metrics
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Social KPIs
• Number of MQLs generated from social channels
• Percentage of growth MOM – Social bookmarks– Twitter
• Number of RTs• Total sphere of influence
– LinkedIn• Campaign responders
• Percentage of “stickiness” MOM
Objective: To Increase Social Reach, Generate Leads
Aug-13 Sep-13 Oct-130
1000200030004000500060007000
Total Reach by Social Channel
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Online Advertising & New Media KPIsObjective: To Increase Targeted Reach, Brand Awareness, Gen Leads
• Number of MQLs generated from third-party campaigns– Content syndication– Site conquesting campaigns– Banner ads– Content, Click-to-Call, Mobile, Tablet
• Percentage of traffic growth from third-party campaigns MOM – QR code scans– Engagement with microsites or personalized destination pages
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Quarterly Business Review Dashboard Example
BONUS MATERIAL
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Takeaways
• Build strategy that supports the business objective
• Keep the main things the main things– Marketing’s #1 internal client is sales– Alignment between sales and marketing is key
• Measure twice, cut once– Use directional data to learn and adapt
• Benchmark data is your BFF• Fail fast
Copyright © 2013, Marketing Advocate. All rights reserved.18
Have Questions? Let’s Connect
• Twitter: wileyCcoyote
• LinkedIn: www.linkedin.com/cdwiley
• Email: [email protected]