expon conference presentation - sao paulo, brazil
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Paul's presentation from the ExpOn digital marketing confereTRANSCRIPT
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Expon
July 22nd, 2011
Helping organizations develop, deploy and measure effective digital strategies
Process-Focused, proven model that yields resultsFor Developing, Deploying and Measuring Digital Strategies
Tracking, reporting, analyzing and adjusting user experiences to provide improved customer experiences.
Measure & AdjustDeveloping Online Marketing
Strategy and aligning business objectives with the tools,
campaigns, and metrics for success.
Think
ToolIdentifying & Implementing the sofware and systems to
enable key business and marketing processes.
Executing tactics & campaigns that map back to business objectives and provide engaging customer experiences.
Do
Lima Consulting Group provides Best – Practices throughout
Outline
• Top 10 List
• Adobe/Omniture Optimization Overview
• Frameworks for Segmentation
• Purchasing / Engagement Cycle
• What Should we Measure?
04/08/2023 4
I love David Letterman
10. Improving conversions improves brand loyalty and revenues.
Top 10 Reasons Digital Marketers Should Manage by the Numbers
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Half the money I spend on
advertising is wasted; the trouble is I don't
know which
half.John Wanamaker (attributed)US department store merchant (1838 – 1922)
A data driven marketer you can become.
7. To strengthen your “Trusted Advisor” role
with the boss
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6. It makes you smarter, taller, better looking, and more dangerous …
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5.To provide customized, personalized experiences
4. To predict behavior
3. To strengthen the relationship with the bean counters who sign our checks
2. To avoid
being asked what all bosses ask: “What Have You Done for Me Lately?”
1. Because digital marketing is the New Finance
To gain consumer insights, to take action and provide improved customer experiences.
The Final Judgment
Improve Segment Insights from AnalyticsTurning data into information
Consumer Insights
Timing of Purchases
Buyer Decision Criteria
Buyer NeedsCorrelations
between channels
Buyer Segments
Many more…
Apply KnowledgeCreate experiences targeted for desired segments
Actionable Intelligence
Timing of messages
More targeted experiences
Product Development,
Cross-sells, Up-sells
Ad portfolio optimization
Improved editorial calendar and promotions
by segment
Consumer InsightsTiming of Purchases
Buyer Decision Criteria Buyer Needs
Correlations between channels
Buyer Segments Many more…
Improve ResultsOrganizations using Web Analytics Have Higher Returns
Higher Conversions
Higher engagement Increased loyalty Higher Sales Lowers expenses Improved ROAS Lowers risks
Actionable IntelligenceTiming of messages More targeted
experiences Product Development,
Cross-sells, Up-sellsAd portfolio optimization
Improved editorial calendar and
promotions by segment
Consumer InsightsTiming of Purchases
Buyer Decision Criteria Buyer Needs Correlations
between channels Buyer Segments Many more…
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Internet Business Models
1. Sell products or create marketplace where products are sold. E-commerce & Marketplaces (ebay)
2. Sell services or create a marketplace where services are sold. Lead Generation Networks (lending tree)
3. Advertising – Publishers & Search (Google)4. Subscriptions – Content Creators (WSJ)5. Service Channels – For reducing costs (online
banking)
The Methodologies apply to all business models.
Outline
• Top 10 List
• Adobe/Omniture Optimization Overview
• Frameworks for Segmentation
• Purchasing / Engagement Cycle
• What Should we Measure?
• Some Tips
• David’s slides here
Outline
• Top 10 List
• Adobe/Omniture Optimization Overview
• Frameworks for Segmentation
• Purchasing / Engagement Cycle
• What Should we Measure?
• Some Tips
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OLD MARKETING
PRODUCT
PACKAGING
DISTRIBUTION
CRM
ADVERTISING
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MODERN MARKETING
PRODUCT
PACKAGING
DISTRIBUTION
ADVERTISING
CRM
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Let 1,000 flowers bloom
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If I were given one hour to save
the planet, I would spend 59 minutes defining the
problem and one minute resolving it.
Albert Einstein
Success Metrics
Online Marketing Tactics
Campaign Playbook
Who does what and when?
Analysis
Where are we going?
Business Objectives
Marketing Strategy
Online Marketing Strategic Development Process
Where are we now?
What is the plan to get there?
How do we know it’s working?
How do we get there?
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Know and Serve Customers
Segmentation
• Identify customer needs
• Develop personas
• Customer experience requirements
• Develop sample user experiences for each
Target
• Evaluate and select target segments
• Research demographic, psychographic & behavioral profiles
Positioning
• Identify the core brand proposition by segment
• Online value proposition by segment
• Online marketing mix by segment
Differentiation
• Identify the needed to win and needed to play points
• Align the message to the purchasing cycle
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Data
Information
Advice, Innovations, New Experiences
It’s tough to build a pyramid from the top down
Dynamics of Differentiation – Many Professional Services Companies
Products Services Personnel Channel Image
Form
Features
Performance
Conformance
Durability
Reliability
Repair-ability
Style
Design
Packaging
Ordering Ease
Delivery
Installation
Customer Training
Customer Consulting
Maintenance/Repair
Breadth of Product/Services
Personalized Products
Custom Design
Methodology or Process
Competence
Courtesy
Credibility
Reliability
Responsiveness
Communication
Coverage
Expertise
Performance
Symbols/Brand
Media
Atmosphere
Events
Mission
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© 2008 - 2010 Lima Consulting Group Do not reproduce without the express written consent of Lima Consulting Group, LLC
Play
Win
Play
Win
Win
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Don’t do time. Avoid the crime.
Analyzing data in aggregate is a crime.
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Segment, then analyze
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Segmentation Map: Custom Home Builder
Lifestyle Product Geography Home Construction Status
Features Amenities Language
55+ 55+ Community By City New Construction
Heating type (gas, propane)
Pool English
Military They’re Growing Up
By Zip or CEP Quick Move-In No landscape maintenance
Golf Course Spanish
Hispanics Townhome By County Overall Value Adult/Senior Community
Portuguese
Young Couples First timers Country Access to learning centers
French
First Time Main Floor Living By IP Pets
Government And Baby Makes Three
School Districts
Large Family Large and in Charge
High Net Worth Urban
Modern
Green
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• The process of partitioning a market into groups of potential customers who share similar defined characteristics and who are likely to exhibit similar purchase behavior.
• Gambling Segments: Optimists, Critics, Dreamers, Managers, Analysts, and Pessimists
• E-commerce Modalities: Humanistic, Competitive, Spontaneous, & Methodical
• Services: Delegators, Validators, Do-It-Yourselfers
A Primer on Segmentation
Professional Service Segmentation Profiles
Perceptions of Advisors
Info
rmati
on S
eeke
rs
High
Ignore Rely
DelegatorsAvoiders
Do it Yourselfers Validators
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Price Fighters
Traditionalists
Niche Buyers
Delivery Buyers
Quality Fanatics
Silverpop.com
Omniture.com
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• Good parents• Socially
Influential• Motivated by
Fear• Out of their
element• Embarrassed• Upper middle
class women• Loving & Cari
ng
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Wall Street Gordon Gekko (1987)
If this were my dad, I’d be in this school too.
Segments for Online Purchasing
Competitive Spontaneous
Methodical Humanistic
Head Heart
Slow
Fast
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• Demographic– Default language, registration
data, data pulled from FB, LI, Twitter, etc…
• Psycho-graphic– E-commerce profile, services
profile, product usage profile, etc…• Behavioral
– Based on observed behavior, product purchases, use of our website
Precision vs “Spray and Pray”
Outline
• Top 10 List
• Adobe/Omniture Optimization Overview
• Frameworks for Segmentation
• Purchasing / Engagement Cycle
• What Should we Measure?
The Purchasing Funnel
PREFERENCE
Can you help me? What’s different about you?
How much? How long? And When?
What do you do?Are you the best value for me?
INTEREST PURCHASECONSIDERATIONAWARENESS
The Engagement Funnel
RESPONDERS
Not engaged in Social Media Establish a presence Publishers, Writers, Editors, Filmmakers, Uploaders, Photographers, Critics, Leaders
Read, Listen, Watch, Review & Absorb
Comment, Contribute, Edit, Critique, Vote, Add to what has been said
JOINERS AMBASSADORSSPECTATORSINACTIVES
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Rapport
Qualify
Present
Close
Retain
Prospect Awareness
Consideration
Interest
Preference
Purchase
Services
Sales Cycle
Purchasing Cycle
THE GATES COMPARED
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Outline
• Top 10 List
• Adobe/Omniture Optimization Overview
• Frameworks for Segmentation
• Purchasing Engagement Cycle
• What Should we Measure?
• Some Tips
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Measure using Launch and Learn StrategiesMeasure Goals by Integrating Analytics, Online Marketing Sources and CRM
Funnel Consumer Behavior Typical Key Performance Indicator
Awareness – Can you help me?
Find Your Site # of ImpressionsClick Through Rate and #
Consideration – What does your company/product do?
Search for Product/Service Bounce Rate Landing Page Bounce RatesE-mail open & Click through ratiosTime on Site for new visitorsNext Flow Analysis ReportInternal Search AnalysisNames/E-mails acquired
Interest– What’s different about your company/product?
Feature Compare and Education Webinar Signups“Portfolio Finder” StartsDownloads Video Starts & Finishes
Preference –Which solution offers the highest value for the money?
Compare Shopping Cart Starts & AbandonmentsRequests for QuotesCalls and Leads - unique numbers @ the keyword levelChat Starts
Purchase – How much for how long?
Commit Revenue by … Product Category Product Source (ad network, SEO, phone, chat, promotion, e-mail campaign) Segment
Retention – What have you done for me lately?
Re-order & up-sells Product reviews and ratings submittedCases submittedReturn frequencyLifetime value Customer Satisfaction
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Objective Setting for an e-commerce business
Balanced Scored Sector Efficiency Effectiveness
Financial Results (Business Value)
Channel CostsChannel Profitability
Online Contribution (direct & indirect)Profit Contributed
Customer Value Online reachCost of acquisitionCustomer propensity to defect
Sales and sales per customerNew customersOnline market shareCustomer satisfaction ratingsCustomer loyalty index
Operational Processes Conversion RatesAverage Order ValueList size and qualityE-mail active %
Fulfillment timesSupport response times
Innovation & learning (people & knowledge)
Approaches testedInternal e-marketing educationInternal satisfaction ratings
Approaches deployedPerformance appraisal review
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Layout the Plan using a roadmap
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Strategy Tactics Campaigns Analytics
Marketing & Sales Category Awareness Consideration Interest Preference Purchase
Website Content*
Landing Page Testing (Multivariate)
Search Engine Optimization
Link Building
Pay Per Click: Keyword
Pay Per Click: Contextual
Pay Per Click: Site Targeted
Blogging on external sites
Social Media & User Generated Content
Affiliate Marketing
Banner Advertising
E-mail marketing (known groups)
E-mail marketing (broadcast)
Widgets and Free Applications/Tools
Text & Mobile Marketing
Video
Most Effective
Highly Effective
Moderately Effective
Occasionally Effective
Rarely Effective
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Closed Loop Marketing Requires Integration
Pre - Click
• PPC Platforms
• Rich Media Platforms
• E-mail solutions
Post-Click
• Analytics• CRM• Content
Mgmt Sys• Landing Page
Opt.
Post Conversion
• Sales Order• Financial
SystemDriving Traffic Driving Engagement Conversion Optimization
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This Stuff Wasn’t Made to Fit Together
The Online Marketing Suite: Optimization 3.0
VISITORACQUISITION CONVERSION
ONLINEANALYTICS
CHANNELANALYTICS
CMO DASHBOARDS
CRM
Kiosks
Call Center
POS
Teller
Search
Ad Networks
Ad Exchange
Mobile
Video
ONLINE MARKETING SUITE
OPEN BUSINESS ANALYTICS PLATFORMData Warehouse & APIs
Internet Enterprise
Complete – Open – Modular – Flexible
Best of Breed: Optimization v2.0
Analytics
TestingTargeting
Recommendations
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Tool: Systems & Software Assessment
PPC Bid Mgmt
PPC Audit
Keyword Research
Link Building
E-mail Marketing Software
CMS+ personalization capability
CRM + personalization capability
Landing Page Optimization Software
Accounting System
Operational Process System
DMS / Knowledge Mgmt
Project Management
Web Analytics
Service DeliveryPost-ConversionPost-ClickPre-Click
?
Needed or Inadequate
Incomplete but adequate
Long Term Stability
Unknown
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Side by Side Channel Analysis Campaign Return on Investment
Correlate ROI across all campaign types, both online and offline
Flexible campaign sourcing allowing users to choose between three options
Show Actions and Metrics
Content & Content InfluenceOptimize content on your site to drive success
Key Business Questions
• Which content drives incremental engagement?
• Which pages are most popular, but do not drive success?
• Which pages drive conversion?
Key Benefits• Rework pages with high traffic but are consistently “dead-ends”.• Increase traffic to high-influence, low-traffic content.• Remove “dead wood” content. Retire content that has low influence and low
conversion.
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Daily Motion Case Study
Challenge:“the more registered members we have, and the longer our audience is watching the videos and engaging with the site, the more attractive we become to advertisers.” -SVP, Media Sales
Results:•Increased user engagement•Measures the performance of international expansion•Provides media buyers and advertising partners with accurate performance data
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Most Facebook Users WorldwideAs of 02.2010
http://www.facebakers.com/countries-with-facebook/
Most Facebook Users WorldwideAs of 7/22/2011
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Target content to visitors based on behavior, profile parameters and/or business rules
Targeted Experiences Improve Conversion
Default Process
Relevance based on User Behavior Improves Results
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3 Rules of Online Marketing
1. Test2. Test3. Test
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1 Version of the Truth!
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Classification Drilling Example
Media Source
Profile Classification•Title
•Industry
•Gender
•State
•Country
Channel TacticPromotion
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Online Business Optimization Evolution from A Channel to Business Strategy
Find and apply new
insights to optimize
your business based on
a complete view of all
interactions
Deliver reporting
and dashboards to
measure marketing
performance
Leverage these
measurements to
make informed
decisions about
how to interact with
customers Bring together
information from
the Internet and
the enterprise for
a comprehensive
view of customer
interactions
Automate certain
customer interactions
and activities based on
real-time data, business
rules and performance
Extend
Innovate
Automate
Execute
Measure
Measure Optimize
• Email me for a Pay Per Click Worksheet [email protected]
• www.CMO.com • Free Research at Omniture.com• Call David and I to discuss your projects or
career objectives in the industry.
Bonus Tools & Resources
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Allocate the Budget for PPC
Developing, Deploying and Measuring effective digital strategies
Paul Lima(11) 2528 – 0401 (Sao Paulo)(212) 671-0309 (Philadelphia)[email protected]: Paul__Lima
David Saxon(11) 2175 – 9555 (Sao Paulo)( (Philadelphia)[email protected]: