keynote: data-driven marketing -- trends and implications for search marketers
DESCRIPTION
How should marketers define search and what will it look like in 2013? What to expect from on-site search and in mobile applications? As new technologies emerge, how will marketers measure interest-based marketing in alternative types of interactions, connecting messages across media? Keynote: Mark Jeffery, Senior Lecturer of Executive Programs at the Kellogg School of Management, Center for Research on Technology and Innovation at the Kellogg School of Management.TRANSCRIPT
Data-Driven Marketing: Trends and Implications for Search Marketers
Data-Driven Marketing: Trends and Implications for Search Marketers
Mark JefferySenior Lecturer of Executive Programs, Kellogg School of Management and Managing Partner, Agile Insights LLC [email protected]
© Mark Jeffery 2012, All Rights reserved
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Data-Driven Marketing: Trends and Implications for Search Marketers
• 1. Motivation• 2. The Marketing DivideData-Driven Trends:• 3. Big Data• 4. Agile Marketing• 5. (Social)2
Overview: 5 ideas in 25 min
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Data-Driven Marketing: Trends and Implications for Search Marketers
Idea 2: The Marketing Divide
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Data-Driven Marketing: Trends and Implications for Search Marketers
Data-Driven Trends
Idea 3: Big Data
5
Data-Driven Marketing: Trends and Implications for Search Marketers
SEARS• The Business
– Major US general merchandise retailer with over $30 Billion revenues– Direct mail more than 250 Million catalogs per year. Targeting 14 - 18 Million
customers. Spread over 18 separate mailings. – Generating incremental sales of $900 Million per year.
• New strategy – Split the targeted customers into 25 distinct segments, based on a robust series of
variables, attributes and purchase characteristics – Version the mailers, based on products & categories relevant to the various groups
• Results– Increase in mailer revenue of $215 Million dollars per year, based on improved
targeting and campaign management• 1% improvement in number of trips generated among mailed customers• 5% improvement in average purchase dollars per trip• 2% improvement in gross margin, as "right" product featured captured sales without reliance
on 'off-price' promotions
– Catalog Targeting project alone had an NPV exceeding $40MM
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Data-Driven Marketing: Trends and Implications for Search Marketers
Data-Driven Trends
Idea 4: Agile Marketing
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Data-Driven Marketing: Trends and Implications for Search Marketers
Summary Program Metrics
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Data-Driven Marketing: Trends and Implications for Search Marketers
Data-Driven Trends
Idea 5: (Social)2
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The Midnight Ride (1775)
Wm. Dawes
Redundant Contactsin different towns
Paul Revere
Diverse Contacts in
Different towns
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Social Attribution Modeling
Source: Katrin Ribant et al, “Social Media Attribution – Beyond User Engagement,” Havas Digital, 2011
Data-Driven Marketing: Trends and Implications for Search Marketers
Summary
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• 1. Motivation• 2. Marketing Divide
Data-Driven Trends• 3. Big Data• 4. Agile Marketing• 5. (Social)2
Data-Driven Marketing: Trends and Implications for Search Marketers
Questions?
Mark [email protected]