p&o analytics
DESCRIPTION
The presentation discusses the concepts, principles and significance of data driven marketing.TRANSCRIPT
> P&O Analy+cs Workshop < Smart data driven marke-ng
> Short but sharp history
§ Datalicious was founded late 2007 § Strong Omniture web analy-cs history § Now 360 data agency with specialist team § Combina-on of analysts and developers § Carefully selected best of breed partners § Driving industry best prac-ce (ADMA) § Turning data into ac-onable insights § Execu-ng smart data driven campaigns
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> Smart data driven marke+ng
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Media A@ribu+on & Modeling
Op+mise channel mix, predict sales
Tes+ng & Op+misa+on Remove barriers, drive sales
Boost ROMI
Targeted Direct Marke+ng Increase relevance, reduce churn
> Wide range of data services
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Data PlaIorms Data collec+on and processing Web analy+cs solu+ons Omniture, Google Analy+cs, etc Tag-‐less online data capture End-‐to-‐end data plaIorms IVR and call center repor+ng Single customer view
Insights Analy+cs Data mining and modelling Customised dashboards Tableau, SpoIire, SPSS, etc Media a@ribu+on models Market and compe+tor trends Social media monitoring Customer profiling
Ac+on Campaigns Data usage and applica+on Marke+ng automa+on Alterian, SiteCore, Inxmail, etc Targe+ng and merchandising Internal search op+misa+on CRM strategy and execu+on Tes+ng programs
> Clients across all industries
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> Today
§ Data Roadmap Prerequisites: 1. How do you want to differen-ate your
promo-on ac-vity to different segments of consumers/web users/customers? (What would these segments be?) OUTPUT: Dra[ Targe-ng Matrix
2. What metrics are available at different points in the consumer path to purchase? OUTPUT: Dra[ Metrics Framework
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Clive Humby: Data is the new oil
> Corporate data journey
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Time, Control
Soph
is-ca-o
n
Stage 1
Data Stage 2
Insights Stage 3 Ac+on
Third par-es control most data, ad hoc repor-ng only, i.e. what happened?
Data is being brought in-‐house, shi[ towards insights genera-on and data mining, i.e. why did it happen?
Data is fully owned in-‐house, advanced predic-ve modelling and trigger based marke-ng, i.e. what will happen and making it happen!
“Followers”
“Leaders”
“Laggards”
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Oil and data come at a price
> Google Ngram: Privacy
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Collec+ng data for the sake of it or to add value to customers?
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> Data driven marke+ng to …
§ Improve media planning and targe-ng § Op-mise media placements across channels § Increase campaign/content engagement § Increase website/call center conversion § Iden-fy profitable product bundles/prices § Improve targe-ng and increase up/cross-‐sell § Improve travel agent engagement/training § And much more …
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Marke+ng
Mix
Product
Price
Place
Promo+on
Physical Evidence
People
Process
Partners
> Targe+ng matrix
101011010010010010101111010010010101010100001011111001010101010100101011001100010100101001101101001101001010100111001010010010101001001010010100100101001111101010100101001001001010
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The right message Via the right channel To the right person At the right -me
Targe+ng
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Capture internet traffic Capture 50-‐100% of fair market share of traffic
Increase consumer engagement Exceed 50% of best compe-tor’s engagement rate
Capture qualified leads and sell Convert 10-‐15% to leads and of that 20% to sales
Building consumer loyalty Build 60% loyalty rate and 40% sales conversion
Increase online revenue Earn 10-‐20% incremental revenue online
> Increase revenue by 10-‐20%
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> New consumer decision journey
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The consumer decision process is changing from linear to circular.
> New consumer decision journey
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The consumer decision process is changing from linear to circular.
Change increases the importance of experience during research phase.
Online research
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Exercise: Customer journey
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> The consumer data journey
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To reten+on messages To transac+onal data
From suspect to To customer
From behavioural data From awareness messages
Time Time prospect
> Coordina+on across channels
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Off-‐site targe+ng
On-‐site targe+ng
Profile targe+ng
Genera+ng awareness
Crea+ng engagement
Maximising revenue
TV, radio, print, outdoor, search marke-ng, display ads, performance networks, affiliates, social media, etc
Retail stores, in-‐store kiosks, call centers, brochures, websites, mobile apps, online chat, social media, etc
Outbound calls, direct mail, emails, social media, SMS, mobile apps, etc
Off-‐site targe-ng
On-‐site targe-ng
Profile targe-ng
> Combining targe+ng plaIorms
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Take a closer look at our cash flow solu+ons
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0
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0
> Affinity re-‐targe+ng in ac+on
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Different type of visitors respond to different ads. By using category affinity targe-ng, response rates are li[ed significantly across products.
Message CTR By Category Affinity
Postpay Prepay Broadb. Business
Blackberry Bold - - - + 5GB Mobile Broadband - - + - Blackberry Storm + - + + 12 Month Caps - + - +
Google: “vodafone omniture case study” or h@p://bit.ly/de70b7
> Ad-‐sequencing in ac+on
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Marke-ng is about telling stories and
stories are not sta-c but evolve over -me
Ad-‐sequencing can help to evolve stories over -me the more users engage with ads
> Prospect targe+ng parameters
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> Sample site visitor composi+on
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30% exis+ng customers with extensive profile including transac-onal history of which maybe 50% can actually be iden-fied as individuals
30% new visitors with no previous website history aside from campaign or referrer data of which maybe 50% is useful
10% serious prospects with limited profile data
30% repeat visitors with referral data and some website history allowing 50% to be segmented by content affinity
> Search call to ac+on for offline
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Include in press
> PURLs boos+ng DM response rates
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Text
> Unique phone numbers
§ 1 unique phone number – Phone number is considered part of the brand – Media origin of calls cannot be established – Added value of website interac-on unknown
§ 2-‐10 unique phone numbers – Different numbers for different media channels – Exclusive number(s) reserved for website use – Call origin data more granular but not perfect – Difficult to rotate and pause numbers
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> Unique phone numbers § 10+ unique phone numbers – Different numbers for different media channels – Different numbers for different product categories – Different numbers for different conversion steps – Call origin becoming useful to shape call script – Feasible to pause numbers to improve integrity
§ 100+ unique phone numbers – Different numbers for different website visitors – Call origin and -me stamp enable individual match – Call conversions matched back to search terms
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> Jet Interac+ve phone call data
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> Poten+al calls to ac+on § Unique click-‐through URLs § Unique vanity domains or URLs § Unique phone numbers § Unique search terms § Unique email addresses § Unique personal URLs (PURLs) § Unique SMS numbers, QR codes § Unique promo-onal codes, vouchers § Geographic loca-on (Facebook, FourSquare) § Plus regression analysis of cause and effect
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Calls to ac+on can help shape the customer experience not just evaluate responses
Campaign response data
> Combining data sources
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Customer profile data
+ The whole is greater than the sum of its parts
Website behavioural data
> Transac+ons plus behaviours
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+ one-‐off collec-on of demographical data age, gender, address, etc customer lifecycle metrics and key dates profitability, expira+on, etc predic-ve models based on data mining
propensity to buy, churn, etc historical data from previous transac-ons
average order value, points, etc
CRM Profile
Updated Occasionally
tracking of purchase funnel stage
browsing, checkout, etc tracking of content preferences
products, brands, features, etc tracking of external campaign responses
search terms, referrers, etc tracking of internal promo-on responses
emails, internal search, etc
Site Behaviour
Updated Con+nuously
> Customer profiling in ac+on
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Using website and email responses to learn a limle bite more about
subscribers at every touch point to keep
refining profiles and messages.
> Online form best prac+ce
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Maximise data integrity Age vs. year of birth Free text vs. op-ons
Use auto-‐complete wherever possible
Geo-‐demographic data
> Enhancing data sources
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3rd party data
+ The whole is greater than the sum of its parts
Customer profile data
> Geo-‐demographic segments
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> Quality content is key
Avinash Kaushik: “The principle of garbage in, garbage out applies here. [… what makes a behaviour
targe;ng pla<orm ;ck, and produce results, is not its intelligence, it is your ability to actually feed it the right content which it can then target […. You feed your BT system crap and it will quickly and efficiently target crap to your
customers. Faster then you could ever have yourself.”
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Exercise: Targe+ng matrix
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> Exercise: Targe+ng matrix
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Purchase Cycle
Segments: Colour, price, product affinity, etc Media
Channels Data Points
X Y
Default, awareness
Research, considera+on
Purchase intent
Reten+on, up/cross-‐sell
Purchase Cycle
Segments: Colour, price, product affinity, etc Media
Channels Data Points
X Y
Default, awareness
Have you seen A?
Have you seen B?
Display, search, etc Default
Research, considera+on
A has great features!
B has great features!
Search, website, etc
Ad clicks, prod views
Purchase intent
A delivers great value!
B delivers great value!
Website, emails, etc
Cart adds, checkouts
Reten+on, up/cross-‐sell
Why not buy B?
Why not buy A?
Direct mails, emails, etc
Email clicks, logins, etc
> Exercise: Targe+ng matrix
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> Metrics framework
101011010010010010101111010010010101010100001011111001010101010100101011001100010100101001101101001101001010100111001010010010101001001010010100100101001111101010100101001001001010
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Awareness Interest Desire Ac+on Sa+sfac+on
> AIDA and AIDAS formulas
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Social media
New media
Old media
Reach (Awareness)
Engagement (Interest & Desire)
Conversion (Ac-on)
+Buzz (Sa-sfac-on)
> Simplified AIDAS funnel
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People reached
People engaged
People converted
People delighted
> Marke+ng is about people
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40% 10% 1%
People reached
People engaged
People converted
People delighted
> Addi+onal funnel breakdowns
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40% 10% 1%
New prospects vs. exis-ng customers
Brand vs. direct response campaign
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New vs. returning visitors
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AU/NZ vs. rest of world
> Poten+al funnel breakdowns § Brand vs. direct response campaign § New prospects vs. exis-ng customers § Baseline vs. incremental conversions § Compe--ve ac-vity, i.e. none, a lot, etc § Segments, i.e. age, loca-on, influence, etc § Channels, i.e. search, display, social, etc § Campaigns, i.e. this/last week, month, year, etc § Products and brands, i.e. iphone, htc, etc § Offers, i.e. free minutes, free handset, etc § Devices, i.e. home, office, mobile, tablet, etc June 2011 © Datalicious Pty Ltd 55
Exercise: Metrics framework
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Level Reach Engagement Conversion +Buzz
Level 1, people
Level 2, strategic
Level 3, tac+cal
Funnel breakdowns
> Exercise: Metrics framework
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Level Reach Engagement Conversion +Buzz
Level 1 People
People reached
People engaged
People converted
People delighted
Level 2 Strategic
Display impressions ? ? ?
Level 3 Tac+cal
Interac+on rate, etc ? ? ?
Funnel Breakdowns Exis+ng customers vs. new prospects, products, etc
> Exercise: Metrics framework
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> Establishing a baseline
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Switch all adver-sing off for a period of -me (unlikely) or establish a smaller control group that is representa-ve of the en-re popula-on (i.e. search term, geography, etc) and switch off selected channels one at a -me to minimise impact on overall conversions.
> Importance of calendar events
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Traffic spikes or other data anomalies without context are very hard to interpret and can render data useless
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Don’t wait for be@er data, get started now.
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Data > Insights > Ac+on