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Andraž Štalec @andrazstalec LEAN DIGITAL MARKETING

Digital Olympus - Lean digital marketing

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Page 1: Digital Olympus - Lean digital marketing

Andraž Štalec@andrazstalec

LEAN DIGITAL MARKETING

Page 2: Digital Olympus - Lean digital marketing

WHAT IS THE PRICE OF MICROWAVE OVEN GE PROFILE ADVANTIUM 120?

Page 3: Digital Olympus - Lean digital marketing

SEARS BEST BUY AMAZON

$899,99 $809,99 currently $870,08

Page 4: Digital Olympus - Lean digital marketing
Page 5: Digital Olympus - Lean digital marketing

CONSUMER BEHAVIOR HAS CHANGED

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FUNDAMENTAL CHANGE

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+44 %CONVERSION RATE

+160 %

REVENUE

+85 %SESSIONS

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MARKETING WAS NEVER EASY

Page 10: Digital Olympus - Lean digital marketing

80 % OF CONVERSION PATHS INCLUDEMORE THAN 1 DIGITAL CHANNEL

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DIVERSITY10.600 different keywords are used by users to access a website

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EACH BUYER IS DIFFERENT3.703 different conversion paths on average

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USER BEHAVIOUR HAS CHANGED, BUT THAT‘S NOTHING NEW. WE GET IT!

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SUCCESS RATEOnly 15,15 % of website visitors start a checkout process

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ONLY 11 % OF VISITORSWHO START A CHECKOUT PROCESS ALSO

FINISH IT

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WHAT HAPPENS WITH THE OTHERS?99 % USERS DO NOT FINISH THE

PURCHASE

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89 % OF USERS ABANDON CARTSWHAT ARE WE GOING TO DO?

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UNDERSTANDING THE CUSTOMER

How to catch the important moments?

Page 19: Digital Olympus - Lean digital marketing

ESTABLISH METRICS

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TRACKING CONSUMER DECISION JOURNEY

MICRO AND MACRO

CONVERSIONS

DATA

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Understanding user behavior throughout the entire CDJ

Number of interactions

Length

Transactions

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Micro & macro conversions

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Micro & macro conversions

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Micro & macro conversions matrix

NEW FOLLOWERS

GALLERIES BROWSED

REVIEWS & RATINGS

EMAIL SIGNUPS

SOCIAL ACTIONS

VIDEOS WATCHED

PURCHASE

ADD TO BASKET

CATALOGS DOWNLOADED

INFO REQUESTED

Long term

Short term

Mid term

DO

THINK

SEE

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DOTHINKSEE

Reach & FrequencyBrand Search% New Visits

Number of mentions

Number of leadsEngagementPage Depth

Assisted conversionsCTR

RevenueConversion Rate

Profit

Define metrics for all stages of CDJ

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1

2

3

26 %bounce rate

14,42pageviews per visit

135 %increase in CR

4 45 % increase in number of transactions

TENISICE.HRConversion optimization

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TARGETED ADVERTISING THROUGHOUT

THE CDJ

BETTER PERFORMANCE

AND BETTER ROI

BETTER UNDERSTANDIN

G OF USER BEHAVIOR

Where are the benefits?

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GET INSIGHTS

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AGGREGATED DATAMetrics like CPA and CR don‘t say a lot…

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HOW ARE USERS

BEHAVING?

WHAT INFLUENCES

CONVERSION?

Behaviour Outcomes

WHICH CHANNELS

DRIVE TRAFFIC?

Acquisition

The key segments

Page 32: Digital Olympus - Lean digital marketing

HOW ARE USERS

BEHAVING?

WHAT INFLUENCES

CONVERSION?

Behaviour Outcomes

WHICH CHANNELS

DRIVE TRAFFIC?

Acquisition

The key segments

Page 33: Digital Olympus - Lean digital marketing

38,64 %29,11 %11,79 %10,79 %6,64 %1,42 %1,40 %

Organic

Paid

Referral

Direct

Email

Social

Display

Income by digital channel

Ecommerce trends 2015, Red Orbit

Page 34: Digital Olympus - Lean digital marketing

MAJORITY OF „LAST CLICK“ CONVERSIONS ARE MADE VIA BRANDED TRAFFIC

BUTOTHER CHANNELS LIKE NON-BRANDED TRAFFIC,

SOCIAL MEDIA AND DISPLAY NETWORKPLAY CRUCIAL ROLE

AS ASSISTED CONVERSIONS

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64 % CONVERSION PATHSINCLUDE NON-BRANDED VISITS

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Outcomes report

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Outcomes report

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DOTHINKSEE

DISPLAY

SEARCH ADS

SEO

FACEBOOK ADS

SEO

EMAIL

DISPLAY DISPLAY

SEARCH ADS

SEO

SOCIAL

FACEBOOK ADS FACEBOOK ADS

EMAIL

Digital Channels

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HOW ARE USERS

BEHAVING?

WHAT INFLUENCES

CONVERSION?

Behaviour Outcomes

WHICH CHANNELS

DRIVE TRAFFIC?

Acquisition

The key segments

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1

2

3

40 % OF VISITORSvisit website more than 5 times before they purchase

33 % OF TRANSACTIONShappen within a day

54 % OF VISITORSvisit website more than once before they purchase

4 14 % OF PURCHASE CYCLESlast more than 7 days

How do buyers

BEHAVE

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Enhanced Ecommerce

WEATHER

PRODUCT DATA

PURCHASE PRICE

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Blog content quality

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HOW ARE USERS

BEHAVING?

WHAT INFLUENCES

CONVERSION?

Behaviour Outcomes

WHICH CHANNELS

DRIVE TRAFFIC?

Acquisition

The key segments

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1x

2x

New visitors

Returning visitors

1x

2,5x

Non-branded visits

Branded visits

Conversion rate based on user segment

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0,44 %

0,78 %

All visitors

Visitors who clicked on a specific Ad

Influence of ad content on conversions

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1,58 %

1,97 %

Visitors who came through channel A

Visitors who came through channel B

2,44 %Visitors who came through channel A and B

2,81 %Visitors who came through channel A and C

Influence of digital channels on conversions

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Influence of weather on conversions

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OPTIMIZE USER EXPERIENCE

BETTER USER TARGETING

Behaviour Outcomes

OPTIMIZE DIGITAL

MARKETING

Acquisition

Why?

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ADAPTING THE CONTENTWhat if the user is not ready to buy?

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HOW GOOD ARE WE?

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if $bounce_rate >= 50 % then we suck

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HOW? WHAT?

Think Do

WHY?

See

Types of content

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OSKAR¸TRAVEL AGENCYDiversify the content

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1

2

3

42,11 %Increase in the number of transactions

55,00 % Increase in income

32,96 %Increase in organic traffic

OSKAR¸TRAVEL AGENCYDiversify the content

Page 55: Digital Olympus - Lean digital marketing

HELPING CUSTOMERS THROUGHOUT CDJ BUILDS YOUR REPUTATION

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ADAPTING THE MARKETINGWhat is our goal?

Page 57: Digital Olympus - Lean digital marketing
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TARGET GROUP GOAL USER NEED MESSAGE

DIGITAL CHANNELS TARGETING KPIs CONTENT

Digital Marketing Framework

Page 59: Digital Olympus - Lean digital marketing

ULTIMATE GOAL IS TO DECREASE CPA

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+159 %+17 %+95 %

+122 %+127 %+14 %

Revenue

Sessions

CR

Per Session Value

Transacions

Average Order Value

Cost per transaction- 46 %

YoY results

Page 61: Digital Olympus - Lean digital marketing

MARKETING

Right place, right timeaka CONTENT

Right solution aka

MEASUREMENT

Measure right things

aka

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BE THEREIntent & context

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BE USEFULMore than just show up

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MEASUREDiscover beautiful insights

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Thank [email protected]