66
Top Strategies for Marketing Signal Measurement

Top Strategies for Marketing Signal Measurement

Embed Size (px)

Citation preview

Page 1: Top Strategies for Marketing Signal Measurement

Top Strategies for Marketing Signal

Measurement

Page 2: Top Strategies for Marketing Signal Measurement

2

Speakers

Alon Amit Scott JonesCo-Founder & VP

ProductVP Marketing

Page 3: Top Strategies for Marketing Signal Measurement

3

Housekeeping

• Please submit questions throughout the webinar; the last 10 mins will be reserved for Q&A

• Share your thoughts on Twitter using the #MarketingSignals hashtag

• We’ll send you the webinar recording and slide deck later this week

Page 4: Top Strategies for Marketing Signal Measurement

What happened today?

Page 5: Top Strategies for Marketing Signal Measurement

Targeting Control

Mea

sure

abili

ty

Low High

Low

Hig

h Evolution of MarketingTouchpoints Over Time

Page 6: Top Strategies for Marketing Signal Measurement

Targeting Control

Mea

sure

abili

ty

Low High

Low

Hig

h Evolution of MarketingTouchpoints Over Time

Fragmentation &

Complexity

Page 7: Top Strategies for Marketing Signal Measurement
Page 8: Top Strategies for Marketing Signal Measurement
Page 9: Top Strategies for Marketing Signal Measurement

9

Marketing Measurement and Analytics hasbecome a Strategic Imperative

Page 10: Top Strategies for Marketing Signal Measurement

What brands need to do ischange their mindset from focusing on campaigns, channels, devices

and audience interactions to focusing on marketing signals.

Page 11: Top Strategies for Marketing Signal Measurement

To convert the massivestreams of marketing signals intoactionable marketing insights.

Page 12: Top Strategies for Marketing Signal Measurement

To empower their marketers to measure, analyze and act on

marketing signals.

Page 13: Top Strategies for Marketing Signal Measurement

To empower their marketers to measure, analyze and act on

marketing signals.

Every day.

Page 14: Top Strategies for Marketing Signal Measurement

To optimize marketing results.

Page 15: Top Strategies for Marketing Signal Measurement

To optimize marketing results.

Every day.

Page 16: Top Strategies for Marketing Signal Measurement

Which leads to producinglegendary marketing outcomes.

Page 17: Top Strategies for Marketing Signal Measurement

Marketing Signal Measurement

Page 18: Top Strategies for Marketing Signal Measurement

What happened today?

Page 19: Top Strategies for Marketing Signal Measurement

Top 5 Strategies for Marketing Signal

Measurement

Page 20: Top Strategies for Marketing Signal Measurement

MSM Strategy #1Measure against your

objectives.

Page 21: Top Strategies for Marketing Signal Measurement

22

Multi-Channel Campaign MeasurementWith Well-Defined Objectives

Strategy #1: Measure against your objectives

Page 22: Top Strategies for Marketing Signal Measurement

23

Objective #1Promote Product AwarenessObjective #2Drive Enrollments

Strategy #1: Measure against your objectivesBrand Example: Visa Checkout

Page 23: Top Strategies for Marketing Signal Measurement

24

Strategy #1: Measure against your objectivesBrand Example: Visa Checkout

Objective #1Promote Product Awareness

Objective #2Drive Enrollments

Channels:TV, Display, Social Media, Internet Video, Organic

Signals:• Impressions by Channel• Video Views• Clicks by Channel• Social Mentions• Click-Through Rate• CPM

Page 24: Top Strategies for Marketing Signal Measurement

25

Strategy #1: Measure against your objectivesBrand Example: Visa Checkout

Objective #1Promote Product Awareness

Objective #2Drive Enrollments

Channels:Display, Social Media, Paid Search, Organic

Signals:• Enrollments by Channel• Payment Volume by

Channel• Transactions• Average Ticket Size

Page 25: Top Strategies for Marketing Signal Measurement

26

Brand Example: Visa Checkout

Page 26: Top Strategies for Marketing Signal Measurement

27

• All campaigns measured using similar metrics regardless of objective

• Arbitrary targets unrelated to campaign goals

• Little consistency across marketing channels on success criteria

• Campaign performance assessed according to agreed-upon objectives

• Targets set with overall goals in mind

• Consistent measurement and cumulative targets across marketing channels

Before MSM With MSM Strategy

Strategy #1: Measure against your objectivesBrand Example: Visa Checkout

Page 27: Top Strategies for Marketing Signal Measurement

MSM Strategy #2Choose signals that answer

“what” and “why”.

Page 28: Top Strategies for Marketing Signal Measurement

29

Omni-Channel DashboardsWith Integrated Analysis Path

Strategy #2: Choose signals that answer “what” and “why”

Page 29: Top Strategies for Marketing Signal Measurement

30

Web Reservations

Conversion Signal

Strategy #2: Choose signals that answer “what” and “why”

Brand Example: Omni Hotels

Page 30: Top Strategies for Marketing Signal Measurement

31

Web Reservations Web Visits

Web Visitors

Engagement Signals

Bounce Rate

Avg Time on Site

Conversion Signal

Strategy #2: Choose signals that answer “what” and “why”

Brand Example: Omni Hotels

Page 31: Top Strategies for Marketing Signal Measurement

32

Web Reservations Web Visits

Web Visitors

Engagement Signals

Bounce Rate

Avg Time on Site

Conversion Signal

Organic Visits

Paid Visits

Referrals

Strategy #2: Choose signals that answer “what” and “why”

Brand Example: Omni Hotels

Page 32: Top Strategies for Marketing Signal Measurement

33

Web Visits

Web Visitors

Engagement Signals

Bounce Rate

Avg Time on Site

Organic Visits

Paid Visits

Referrals

Paid Search Visits

Display Visits

Paid Social Visits

Affiliate Visits

Strategy #2: Choose signals that answer “what” and “why”

Brand Example: Omni Hotels

Page 33: Top Strategies for Marketing Signal Measurement

34

Brand Example: Omni Hotels

Page 34: Top Strategies for Marketing Signal Measurement

35

• No distinction between primary (scorekeeping) vs. secondary (analysis) signals

• No defined analysis path

• Difficulty identifying root causes of performance changes

• Clearly defined primary and secondary signals

• Integrated analysis path for commonly encountered questions

• Root causes of performance changes readily identified

Before MSM With MSM Strategy

Strategy #2: Choose signals that answer “what” and “why”

Brand Example: Omni Hotels

Page 35: Top Strategies for Marketing Signal Measurement

MSM Strategy #3View performance

holistically.

Page 36: Top Strategies for Marketing Signal Measurement

37

Brand Health TrackingWith Cross-Channel Interactions

Strategy #3: View performance holistically

Page 37: Top Strategies for Marketing Signal Measurement

38

Social

Website

Email Synergistic Interaction

s

Strategy #3: View performance holisticallyBrand Example: Pernod Ricard

Page 38: Top Strategies for Marketing Signal Measurement

39

Social

Website

Email

EngageRetainKey Signals

OpensOpen RateSocial Shares・・・

Key SignalsEst. ImpressionsEst. ReachEngagementEngagement Rate・・・

Strategy #3: View performance holisticallyBrand Example: Pernod Ricard

Page 39: Top Strategies for Marketing Signal Measurement

40

EngageRetain

Convert

Key SignalsVisits from EmailTime on SiteBuy It Nows・・・

Strategy #3: View performance holisticallyBrand Example: Pernod Ricard

Social

Website

Email

Key SignalsOpensClickthroughsCTR・・・

Page 40: Top Strategies for Marketing Signal Measurement

41

ReachEngageConvert

Strategy #3: View performance holisticallyBrand Example: Pernod Ricard

Social

Website

Email

Key SignalsVisits from SocialBounce RateBuy It Nows・・・

Key SignalsEst. ImpressionsEst. ReachClicksCTR・・・

Page 41: Top Strategies for Marketing Signal Measurement

42

Brand Example: Pernod Ricard

Page 42: Top Strategies for Marketing Signal Measurement

43

• Marketing channels measured in silos

• Little to no understanding of cross-channel effects or cumulative impact

• No success criteria for multi-channel strategy

• Total marketing impact measured holistically

• Real-time assessment of cross-channel effects and cumulative impact

• Assessment and optimization of multi-channel strategy

Before MSM With MSM Strategy

Strategy #3: View performance holisticallyBrand Example: Pernod Ricard

Page 43: Top Strategies for Marketing Signal Measurement

MSM Strategy #4Establish a standard

measurement practice.

Page 44: Top Strategies for Marketing Signal Measurement

45

Centralized Marketing MeasurementWith Cross-Team Accountability

Global CPG CompanyOne of Largest Brand Advertisers

Strategy #4: Establish a standard measurement practice

Page 45: Top Strategies for Marketing Signal Measurement

46

Central Marketing

Analytics TeamBrand ManagersCampaign Managers

Regional TeamsAgencies

How to insure consistent measurement and

accountability?

Strategy #4: Establish a standard measurement practice

Brand Example: Global CPG Company

Page 46: Top Strategies for Marketing Signal Measurement

47

Central Marketing

Analytics TeamCentral Set of Dashboards w/ Key

SignalsDisplayImpressions

CPM

Paid SearchShare of Search

WebsiteBounce Rate

Visits

SocialReach

Engagement Rate・・・ ・・・ ・・・ ・・・

Clickthrough Rate

Strategy #4: Establish a standard measurement practice

Brand Example: Global CPG Company

Page 47: Top Strategies for Marketing Signal Measurement

48

Impression Share – BrandImpression Share – Product

Clickthrough Rate・・・

Central Marketing

Analytics Team

Central Dashboards

Paid Search

Brand ManagersCampaign Managers

Regional TeamsAgencies

Brand and CampaignDashboards

Local and AgencyDashboards

+ Bounce Rate+ Time on Site+ Click Share・・・

+ Buy It Nows+ Conversion Rate

+ Cost per Click・・・

Strategy #4: Establish a standard measurement practice

Brand Example: Global CPG Company

Page 48: Top Strategies for Marketing Signal Measurement

49

Brand Example: Global FMCG Company

Page 49: Top Strategies for Marketing Signal Measurement

50

• Brand and agencies using separate sets of signals for each channel

• Inconsistent accountability across teams

• No way to measure cross-brand / cross-team performance

• Standard set of core signals measured across brands and agencies

• Consistent accountability across organization

• Possible to compare performance across brands and teams

Before MSM With MSM Strategy

Strategy #4: Establish a standard measurement practice

Brand Example: Global CPG Company

Page 50: Top Strategies for Marketing Signal Measurement

MSM Strategy #5Measure marketing

signals continuously.

Page 51: Top Strategies for Marketing Signal Measurement

52

Digital Command CenterWith Near Real-Time Monitoring

Strategy #5: Measure marketing signals continuously

Page 52: Top Strategies for Marketing Signal Measurement

53

• Assess strategic direction• Track progress against

goals

• Find tactical opportunities• Monitor content quality

Content Performance Market Performance

Strategy #5: Measure marketing signals continuouslyBrand Example: Intel

Page 53: Top Strategies for Marketing Signal Measurement

54

• Which content is generating the highest engagement?

• Is there opportunity to distribute content across additional channels?

• Is there opportunity to promote content through paid channels for additional reach?

Content Performance

• Which markets are reaching the most people?

• Is my content strategy resonating with the audience in each market?

• Is my audience base for each market growing according to target?

Market Performance

Strategy #5: Measure marketing signals continuouslyBrand Example: Intel

Page 54: Top Strategies for Marketing Signal Measurement

55

Near Real Time MonitoringTactical Opportunity Discovery & Capitalization

Every Day AssessmentContinuous Strategy Adjustment & Optimization

Content Performance

Key SignalsPost EngagementTime on PageContent SharesEngagement Rate・・・

Key SignalsMarket ReachVisitsTotal ConsumptionClickthrough Rate・・・

Strategy #5: Measure marketing signals continuouslyBrand Example: Intel

Market Performance

Page 55: Top Strategies for Marketing Signal Measurement

56

Brand Example: Intel

Page 56: Top Strategies for Marketing Signal Measurement

57

• Static content strategy and cross-channel resource allocation

• Opportunities discovered to late to be actioned on

• Monthly and quarterly performance assessment to plans/targets

• Flexible content strategy with dynamic allocation of budget and resources

• Same-day detection and action on opportunities

• Continuous strategy adjustments to optimize performance beyond plans

Before MSM With MSM Strategy

Strategy #5: Measure marketing signals continuouslyBrand Example: Intel

Page 57: Top Strategies for Marketing Signal Measurement

1.Measure against your objectives.2.Choose signals that answer “what”

and “why”.3.View performance holistically.4.Establish a standard measurement

practice.5.Measure marketing signals

continuously.

Summary of Strategies

Page 58: Top Strategies for Marketing Signal Measurement

How to execute my own measurement

strategy?

Page 59: Top Strategies for Marketing Signal Measurement

60

Periodic Table of Marketing Signals

Page 60: Top Strategies for Marketing Signal Measurement

61

The Anatomy of a Marketing Signal

Page 61: Top Strategies for Marketing Signal Measurement

62

The Anatomy of a Marketing Signal

Objective• Awareness• Engagement• Conversion• Loyalty• Advocacy

Page 62: Top Strategies for Marketing Signal Measurement

63

The Anatomy of a Marketing Signal

Channel• Display• Search• Social• TV• etc.

Page 63: Top Strategies for Marketing Signal Measurement

64

The Anatomy of a Marketing Signal

Signal Type• Volume• Quality• Efficiency• Share

Page 64: Top Strategies for Marketing Signal Measurement

65

Periodic Table of Marketing Signals

Page 65: Top Strategies for Marketing Signal Measurement

Q & A

Page 66: Top Strategies for Marketing Signal Measurement

• Interested in taking your marketing measurement to the next level?

• Want a printed poster of the Periodic Table of Marketing Signals?

Let us know: [email protected]

Thank you for joining our webinar!