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The Art of Analytics, Measurement & Success

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Page 1: The Art of Analytics, Measurement & Success
Page 2: The Art of Analytics, Measurement & Success

WHO WE ARE

CONFIDENTLY CREATIVE.

We innovate, nurture and execute upon ideas that not

only maximize engagement but optimize revenue

generation and business goals. Bolstered by sound

digital strategy and sophisticated analytics, our work is

confidently creative.

Page 3: The Art of Analytics, Measurement & Success

CREATING A

DIGITAL STRATEGYThe Art of Analytics,

Measurement and Success

Page 4: The Art of Analytics, Measurement & Success

THE AVERAGE

TENURE OF

A CMO IS...

MONTHS!

23

Page 5: The Art of Analytics, Measurement & Success

5 CMOs IN 7 YEARS

Page 6: The Art of Analytics, Measurement & Success

4 CMOs IN 6 YEARS

Page 7: The Art of Analytics, Measurement & Success

3 CMOs IN 5 YEARS

Page 8: The Art of Analytics, Measurement & Success

New Talent and Skill

Set Requirements

SOURCE: CMO COUNCIL

Emerging Issues

& Challenges

Facing Marketers

in 2011

Recovering Economy

New Technologies or

Engagement Channels

Internet Influence

and Voice

WHY HIGH TURNOVER?

Page 9: The Art of Analytics, Measurement & Success

Social Media &

Web 2.0 Strategy

WHY HIGH TURNOVER?Continuing Education:

Where CMOS look

to add skills or

competenciesSOURCE: CMO COUNCIL

Customer Data

Analytics

Competitive Strategy

Development

Global Strategy

Market Entry and

Market Development

Web Metrics

and Measurement

Page 10: The Art of Analytics, Measurement & Success

Dollars and Cents

Budgets shift from traditional to digital

Paid Digital Media Paid Traditional Media Earned/Owned Media

Q: What % of your overall marketing budget

was invested in digital channels in 2011 vs 2012?

42

33

8

12

4

18

40

4

27

11

41

2625

7

2

Significantly decreasing

Somewhat decreasing

Staying the Same

Somewhat increasing

Significantly increasing

Growth

Page 11: The Art of Analytics, Measurement & Success

Retail

Travel/Tourism

71%

Financial

CPG

Medical

Non-profit/arts

Automotive

Government

41%

38%

30%

30%

29%

19%

15%

Source: SoDA Digital MarketingOutlook Report 2012

Adoption

Industries showing

strongest growth

in use of digital

technology

Growth

Page 12: The Art of Analytics, Measurement & Success

The Evolution of Digital’s Role:

Digital now defines strategySource: SoDA Digital Marketing Outlook Report 2012

Opportunity

Page 13: The Art of Analytics, Measurement & Success

WHY MEASURE?

ATTRIBUTE SUCCESS

BUDGET, ALLOCATE & DEFEND

RESOURCES

FORECAST DEMAND

OPTIMIZE PERFORMANCE

Page 14: The Art of Analytics, Measurement & Success

Best efforts will not substitute for knowledge.- Gordon Bethune CEO, Continental Airlines

Page 15: The Art of Analytics, Measurement & Success

9 STEPS TO A

SUCCESSFUL

DIGITAL STRATEGY

Page 16: The Art of Analytics, Measurement & Success

DO AN INTERNAL DISCOVERY

STEP 1

Page 17: The Art of Analytics, Measurement & Success

DEFINE SUCCESS

Sell More Product

Drive More Leads

Create More Brand

Awareness

Increase Advocacy

Increase Donations

Page 18: The Art of Analytics, Measurement & Success

What is the reason for this initiative?

What do you hope to accomplish?

How will you judge its success?

What are the 3 most important actions a customer should take?

What is your fundamental point of differentiation?

What is the maximum $ you can spend to acquire a customer?

ASK YOURSELF

Page 19: The Art of Analytics, Measurement & Success

Increase online sales

Increase customer retention

Attract “prospects” / new customers

Increase Frequency of Purchase

Lower inbound call volume

Increase share of voice

Share Business Value Proposition

Drive offline action

BUSINESSOBJECTIVES

Page 20: The Art of Analytics, Measurement & Success

DEFINE MEASURABLE KPIs

STEP 2

Page 21: The Art of Analytics, Measurement & Success

MEASURE AWARENESS

ENGAGEMENT

CONVERSION

LOYALTY

Page 22: The Art of Analytics, Measurement & Success

KPIsKey Performance Indicators

Defining measurable KPIs is foundational

to digital marketing programs

Awareness

Visits from search engines

Referrals from social media

Blog & online news mentions

Engagement

Content downloads

Content shares

Visit services page

Conversion

Lead submission via email

Lead submission via phone

Download White Paper

Loyalty

Engagement with emails

RSVPs for seminars

Retweets

Page 23: The Art of Analytics, Measurement & Success

WHAT ARE

YOUR KPIs?

ASK YOURSELF

Page 24: The Art of Analytics, Measurement & Success

KPIs TEND TO BE

INDUSTRY SPECIFIC

Page 25: The Art of Analytics, Measurement & Success

E-COMMERCE

Purchase Product

Add to Cart

Use Store Locator

Share via Facebook

Like on Facebook

Sign up for Newsletter

Add to Wishlist

Check Shipping & Return Info

Engage with Live Chat

Request Catalog

Page 26: The Art of Analytics, Measurement & Success

MEDIA

Download Media Kit

Contact Sales

Share via Twitter

Share via LinkedIn

Download Press Release

Download White Paper

View Case Study

Call Sales via Tracked Number

Sign up for Newsletter

Follow Brand on Twitter

Page 27: The Art of Analytics, Measurement & Success

NONPROFIT

Donate

Share via Facebook

Share via Twitter

Share via Email

Sign up for Newsletter

Advocacy/Take Action

FB Like Page

Subscribe via RSS

Become a Member

Volunteer

Page 28: The Art of Analytics, Measurement & Success

NON-PRODUCT

E-COMMERCE

Reserve Storage Room

Contact Sales

Share via Facebook

Share via Twitter

Sign up for Newsletter

Use Live Chat

Call via Tracking Number

Like on FB

Order Supplies

Get a Quote

Page 29: The Art of Analytics, Measurement & Success

INSURANCE

Get a Quote

Share via Email

Share via Facebook

Share via Twitter

Sign up for Newsletter

Request Call Back

Use Planning Tools

Engage with Career Center

Learn about a Product Line

Consult an Agent

Page 30: The Art of Analytics, Measurement & Success

FINANCIAL SERVICES

Download Prospectus

Find an Adviser Near Your

Share via Facebook

Share via Twitter

Download White Paper

View Case Study

Submit Lead Gen Form

Sign up for Newsletter

Contact Us

Download a Resource

Page 31: The Art of Analytics, Measurement & Success

PUBLISHING

Sign up for Newsletter

Share via Facebook

Share via Twitter

Like Site on FB

Like Article on FB

Comment on Article

View > X Pages/Visit

Be a Return Visitor

Advertise with Us

Avg. Time on Site > X

Page 32: The Art of Analytics, Measurement & Success

ADVERTISING

View Work

Contact Us

Read Blog

Share Thoughts

Download Case Study

View our Work

Brand Credibility

Talent Recruitment

Page 33: The Art of Analytics, Measurement & Success

?EDUCATION

Page 34: The Art of Analytics, Measurement & Success

DEFINE A DIGITAL A STRATEGY

STEP 3

Page 35: The Art of Analytics, Measurement & Success

KPIs

METRICS

DIGITAL STRATEGY

PROCESS OVERVIEW

Page 36: The Art of Analytics, Measurement & Success

KPIsIncrease Revenue

Increase Conversion Rate

Increase Avg. Order Value

Increase Site Traffic

Increase Reorder Rate

Increase Per Visitor Value

Increase Sharing

METRICS

Page 37: The Art of Analytics, Measurement & Success

MORE ABOUT METRICS

Counter Metrics Ratio Metrics

# of Visits

# of Page Views

# of Whitepapers Downloaded

Conversion Rates

Newsletter Signup Rate

Average Time on Site

1, 2, 3 VS

Page 38: The Art of Analytics, Measurement & Success

INCREASE CONVERSION RATE TO X

INCREASE DEPTH OF VISIT TO Y

INCREASE ONSITE SHARING BY Z

SITE STRATEGY

Page 39: The Art of Analytics, Measurement & Success

INCREASE ENGAGEMENT BY X

DECREASE NEGATIVE POST BY Y

INCREASE WORD OF MOUTH BY Z

SOCIAL STRATEGY

Page 40: The Art of Analytics, Measurement & Success

INCREASE OPEN RATES BY X

INCREASE CTR BY Y

INCREASE SIGN UPS BY Z

EMAIL STRATEGY

Page 41: The Art of Analytics, Measurement & Success

MEASURE

STEP 4

Page 42: The Art of Analytics, Measurement & Success

TAG IT

Page 43: The Art of Analytics, Measurement & Success

MEASURE IT

Page 44: The Art of Analytics, Measurement & Success

CREATE FUNNELS

STEP 5

Page 45: The Art of Analytics, Measurement & Success

SAMPLE CONVERSION FUNNEL

10,000 TOTAL VISITORS TO THE SITE

54 VISITORS COMPLETE GOAL

100% of Visitors

60% Visit Shopping Area

30% Place Item in Cart

3% Make a Purchase

VISITORS TO WEBSITE:

Page 46: The Art of Analytics, Measurement & Success

ACQUISITIONDigital Sales Funnel

Understanding what it takes to acquire a customer

Awareness

Research & Compare Stage

Ready to Buy Stage

General Head Terms(i.e NY Digital Agencies)

AwardSites

Industry Blogs / Thought Leadership

Editorials or Referral Sites

Category or Specific Terms (i.e Digital Marketing Agencies NY)

Targeted Category Campaigns

Specific Branded Terms

Direct Visits (Bookmarked)

Mentions on Twitter/Facebook

LinkedIn Ad

Follow on Twitter/LinkedIn

Reputation Review through Peers

Page 47: The Art of Analytics, Measurement & Success

ASSIGN VALUE TO ANY GOAL

STEP 6

Page 48: The Art of Analytics, Measurement & Success

HOW CAN I DEFINE VALUE FOR NON-REVENUE GOALS?

Page 49: The Art of Analytics, Measurement & Success

NEWSLETTER SUBSCRIBER

NEWSLETTER REVENUE ÷ NEWSLETTER SUBSCRIBERS

Page 50: The Art of Analytics, Measurement & Success

FACEBOOKLIKES

FACEBOOK REVENUE ÷ FACEBOOK LIKES

Page 51: The Art of Analytics, Measurement & Success

IDENTIFY NON-REVENUE GOALS

Join Our Team

Contact Us

Share via Social

Page 52: The Art of Analytics, Measurement & Success

INSIDE LOOK: HOW TO DETERMINE VALUE

Avg NYC Agency Salary - $100k > Avg Recruitment Fee - 20% > Avg Recruitment Cost - $20k

Avg. Interview Rate - 5% > Avg. Cost for Interview - $1000 > Avg. Hire Rate - 10%

Value for Join Our Team - $100

Page 53: The Art of Analytics, Measurement & Success

ASK YOURSELFWHAT ACTIONS DO

YOU WANT TO

ASSIGN VALUE TO?

Page 54: The Art of Analytics, Measurement & Success

OPTIMIZE YOUR ACQUISITIONCHANNELS

STEP 7

Page 55: The Art of Analytics, Measurement & Success

E-COMMERCECHANNEL ATTRIBUTION

Source Visitors Revenue

Facebook

Twitter

Pinterest

Huffingtonpost

10000

5000

6000

200

$17000

$4000

$9000

$1400

$1.70

$0.80

$1.50

$7.00

Avg. Rev. Per Visitor

Page 56: The Art of Analytics, Measurement & Success

E-COMMERCECHANNEL ATTRIBUTION

Source E-Com Rev/Visitor Other Goal Value Last Click Total Value

Facebook

Twitter

Pinterest

Huffingtonpost

$1.70 +

$0.80 +

$1.50 +

$7.00 +

$4.56 =

$0.61 =

$3.09 =

$4.01 =

$6.26

$1.41

$4.59

$11.01

Page 57: The Art of Analytics, Measurement & Success

MULTI-CHANNELATTRIBUTIONHow Multiple Channels Affect Conversions

YOU CAN’T OPTIMIZE WITHOUT DUE CREDIT

Expert Tip:

Don’t sell your digital

marketing successes short - -

understand how multi-channel

touchpoints should be

attributed to conversions.

Page 58: The Art of Analytics, Measurement & Success

MULTI-CHANNELATTRIBUTION

Page 59: The Art of Analytics, Measurement & Success

MULTI-CHANNELATTRIBUTION

CHANNEL 1 CHANNEL 2 CHANNEL 3

Page 60: The Art of Analytics, Measurement & Success

ATTRIBUTION MODELS

Last Click

Even

Path Position

First Click

U Curve

2 3

$

$

$

$

$

100%

33%

60%

40%

-

- -

-

20%40%

25%15%

33%35%

100%

1

Channel Channel Channel

Page 61: The Art of Analytics, Measurement & Success

CHANNELATTRIBUTION

Page 62: The Art of Analytics, Measurement & Success

CHANNELATTRIBUTION

Page 63: The Art of Analytics, Measurement & Success

OPTIMIZE YOUR SEGMENTS

STEP 8

Page 64: The Art of Analytics, Measurement & Success

SAMPLESEGMENTS

DIVIDE AND COMPARE

There’s no shortage of ways to

segment your data. Some

common segmentations are:

•International VS Domestic

•Paid Traffic VS Earned Traffic

•New VS Return Visitors

•Mobile VS Desktop

•Converting VS Non-Converting

Page 65: The Art of Analytics, Measurement & Success

OPTIMIZE YOUR CAMPAIGNS(SOCIAL, NEWSLETTER, SEO)

STEP 9

Page 66: The Art of Analytics, Measurement & Success

CAMPAIGNANALYTICS

Page 67: The Art of Analytics, Measurement & Success

CAMPAIGNANALYTICS

Page 68: The Art of Analytics, Measurement & Success

AUTO TAGGING

Page 69: The Art of Analytics, Measurement & Success

AUTO TAGGING

Page 70: The Art of Analytics, Measurement & Success

HOW IS SOCIAL MEASURED?

Page 71: The Art of Analytics, Measurement & Success

WHAT DO ORGANIZATIONS MEASURE?

WHAT BRANDS WANT TO MEASURE VS. ACTUALLY MEASURE

There is great disparity in what

brands deem important vs.

what they actually measure.

The top two?

1. Social ROI

2. Brand Sentiment

Page 72: The Art of Analytics, Measurement & Success

BRANDSENTIMENT

EXPERT TIP:

There are many tools to

assist with brand

sentiment measurement - -

but ultimately, sharp

oversight of automatic

tools is still needed to

ensure tone of voice and

sentiment is accurately

accounted for.

This sample to the left

shows an incorrectly

tagged “negative” post.

Page 73: The Art of Analytics, Measurement & Success

BRANDDEFENSE

Page 74: The Art of Analytics, Measurement & Success

VALUE OF SOCIAL TRAFFIC

Page 75: The Art of Analytics, Measurement & Success

NEWSLETTERANALYTICS

Page 76: The Art of Analytics, Measurement & Success

SEOANALYTICS

Page 77: The Art of Analytics, Measurement & Success

TAKEAWAYS TO KICKSTART YOUR DIGITAL STRATEGY

TOOLS

Page 78: The Art of Analytics, Measurement & Success

REAL-TIME:GOOGLE ANALYTICS

Page 79: The Art of Analytics, Measurement & Success

REAL-TIME ANALYTICS:CHART BEAT

Page 80: The Art of Analytics, Measurement & Success

OFFLINE INTEGRATION:QR CODE GENERATORS

Page 81: The Art of Analytics, Measurement & Success

MOUSE TRACKING ANALYTICS

Page 82: The Art of Analytics, Measurement & Success

SURVEYS

Page 83: The Art of Analytics, Measurement & Success

USER TESTS

Page 84: The Art of Analytics, Measurement & Success

REPORTING

Page 85: The Art of Analytics, Measurement & Success