19
Digital Marketing Mix & Metrics: ”Setting Marketing Objectives: Align Your Digital Marketing Metrics with Campaign Objectives” Courtney Wiley Vice President, Marketing November 15, 2013 Insert Picture Here @wileyCcoyote #AskTPMA

How to Align Your Digital Marketing Metrics with Campaign Objectives

Embed Size (px)

DESCRIPTION

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.

Citation preview

Page 1: How to Align Your Digital Marketing Metrics with Campaign Objectives

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

Page 2: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.2

M eSpeaker Background

Page 3: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.3

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

Page 4: How to Align Your Digital Marketing Metrics with Campaign Objectives

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

Page 5: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.5

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

Page 6: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.6

You Can’t Manage What You Can’t MeasureThe Eventual “Holy Grail” of Marketing Metrics

Page 7: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.7

Page 8: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.8

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

Page 9: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.9

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

Page 10: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.10

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

Page 11: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.11

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

Page 12: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.12

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

Page 13: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.13

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

Page 14: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.14

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

Page 15: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.15

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

Page 16: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.16

Quarterly Business Review Dashboard Example

BONUS MATERIAL

Page 17: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.17

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

Page 18: How to Align Your Digital Marketing Metrics with Campaign Objectives

Copyright © 2013, Marketing Advocate. All rights reserved.18

Have Questions? Let’s Connect

• Twitter: wileyCcoyote

• LinkedIn: www.linkedin.com/cdwiley

• Email: [email protected]

Page 19: How to Align Your Digital Marketing Metrics with Campaign Objectives