lvima dpd 2015 - rocketfuel

18
The Four Tenets of Optimizing Toward Real Business Goals 16 JULY 2015

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Page 1: LVIMA DPD 2015 - Rocketfuel

The Four Tenets of Optimizing Toward Real Business Goals

16 JULY 2015

Page 2: LVIMA DPD 2015 - Rocketfuel

Focus on driving bigger picture results

Don’t reduce business goals to lowest common denominator

Share business results and update regularly

Align attribution to business outcomes

Discussion

Page 3: LVIMA DPD 2015 - Rocketfuel

Focus on driving bigger picture results

Don’t reduce business goals to lowest common denominator

Share business results and update regularly

Align attribution to business outcomes

Discussion

Page 4: LVIMA DPD 2015 - Rocketfuel

UNDERSTAND DYNAMICS OF BRAND AWARENESS

2

1

3

BENCHMARKINGEstablish baseline of awareness (Airline and route-specific) across all markets using our survey methodology

OPTIMIZATIONSeamlessly deliver message across the country to increase the overall profile of Airline and assisting lower funnel activity

SUPPLEMENTINGHeavy up on brand messages – video, high impact mobile – to increase baseline

Page 5: LVIMA DPD 2015 - Rocketfuel

DESIGN MEDIA STRATEGY TO DIRECTLY SUPPORT BRAND STRATEGY

BRAND HEALTH GROWTH STRATEGY

MEASUREMENT BRAND AGE: EMERGING,

ESTABLISHED, ETC.

TRAJECTORY: GROWING, STABLE, SHRINKING

CATEGORY STRENGTH: GROWING, COMPETITIVE, SHIFTING, THREATENED, ETC.

EXISTING CONSUMERS PURCHASING MORE

CONQUESTED FROM COMPETITORS

NEW TO PRODUCT CATEGORY

KPIS: # OF NEW BUYERS, CONQUESTED COMPETITORS, BUYING RATE LIFT, PENETRATION LIFT, AWARENESS LIFT, ETC.

NCS + ROCKET FUEL METRICS

MEDIA STRATEGY

TARGETING CHANNELS FLIGHTING

Page 6: LVIMA DPD 2015 - Rocketfuel

Focus on driving bigger picture results

Don’t reduce business goals to lowest common denominator

Share business results and update regularly

Align attribution to business outcomes

Discussion

Page 7: LVIMA DPD 2015 - Rocketfuel

THE FALLACY OF CLICK-OPTIMIZATION FOR CONVERSION GOAL

No correlation between CTR and Conversions

Conv

ersi

ons

per 1

000

impr

essi

ons

CTR %

0 0.02 0.04 0.06 0.08 0.1 0.12 0.14 0.16 0.180

1

2

3

4

5

6

7

Page 8: LVIMA DPD 2015 - Rocketfuel

1 2 3 4 5 6 7

84.8%

10.6%3.1% 0.9% 0.3% 0.2% 0.1%

98.3%

1.7%

View Bookings Click Bookins

Order Frequency

Perc

ent o

f Ord

ers

TRAVEL EXAMPLE: CLICKERS ARE LESS LIKELY TO BE REPEAT CUSTOMERS

Repeat Customers

» Clickers tend to be largely one time order customers, thus lower lifetime value

» Over 15% of orders through view are repeat customers; Only 1.7% of orders are repeat for click

1

2

2

1

Data Source: Rocket Fuel Data Warehouse 3/1/2013 – 3/31/2013

Page 9: LVIMA DPD 2015 - Rocketfuel

Focus on driving bigger picture results

Don’t reduce business goals to lowest common denominator

Share business results and update regularly

Align attribution to business outcomes

Discussion

Page 10: LVIMA DPD 2015 - Rocketfuel

A B C

DATA!

Page 11: LVIMA DPD 2015 - Rocketfuel

Focus on driving bigger picture results

Don’t reduce business goals to lowest common denominator

Share business results and update regularly

Align attribution to business outcomes

Discussion

Page 12: LVIMA DPD 2015 - Rocketfuel

ATTRIBUTION? HUH?

• Definition – Attributing an outcome to media

• Components of Attribution– Tracking consumer behavior

to an ad– Tracking a relevant outcome– Methodology for assigning

credit

Page 13: LVIMA DPD 2015 - Rocketfuel

STAGE 1: LAST TOUCH

$100

Click Click

$0$0

WHO GETS CREDIT, CLICKS OR VIEWS?

Page 14: LVIMA DPD 2015 - Rocketfuel
Page 15: LVIMA DPD 2015 - Rocketfuel

SURE THINGS & LOST CAUSES

EXPOSING “SURE THINGS” TAKES CREDIT & DRIVES SO-CALLED EFFICIENCIES

DO NOT DISTURB

PERSUADABLES

STAGE 2: TEST FOR LIFT

INC

REM

EN

TA

L

IMP

AC

THigh

Low

None

Page 16: LVIMA DPD 2015 - Rocketfuel

$100

.10.25.25.40

Click Click

$10$25$25$40

FractionalWeights

$65

STAGE 3: MULTI-TOUCH ANALYSIS

Page 17: LVIMA DPD 2015 - Rocketfuel

FINDING THE BEST DIGITAL MEDIA MIX

STAGE 4: THE FULL FUNNEL APPROACH

Page 18: LVIMA DPD 2015 - Rocketfuel

THANK YOU