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Beyond Analytics - Measuring Content Meaning Instead of Mediocraty - Robert ose

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Beyond analytics meaningful measurement - Robert ose

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Page 1: Beyond Analytics - Measuring Content Meaning Instead of Mediocraty - Robert ose
Page 2: Beyond Analytics - Measuring Content Meaning Instead of Mediocraty - Robert ose
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We can skip this, yes?

18%  200%  

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Ratio of CMO’s that use data solely to facilitate transactions, not deepen the relationship with consumers.

Stretched to Strengthened: IBM Study of CMO’s

Still Use Analytics To Prove Not Improve

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Outperforming companies vs. underperforming companies that use data to bond and deepen relationships with consumers.

While Deeper Relationships Elude Most

Stretched to Strengthened: IBM Study of CMO’s

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an a lyt ics / anl’itiks / noun plural noun: analytics

1.  The systematic computational analysis of data or statistics. Information resulting from the systematic analysis of data or statistics

. . . Analytics Defined:

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an a lyt ics / anl’itiks / WMD Weapon Of Mass Delusion

1.  A systematic way to make any effort look like a massive success or failure depending on your agenda

. . . Analytics Re-Defined:

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Goals: Indicate progress to achievement

Key KPI’s Secondary goals and indicators

Indicators Data that improve process

The Measurement Pyramid

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Goal: Increase leads by 10% w/ no extra cost in 6 months

Reporting: •  # of Leads / % of Increase •  Cost Increase or Decrease

•  Subscribers •  Conversion rates •  Email response rates •  Cost per lead by channel

KEY KPI’s

•  Likes / Followers •  Page views •  Social metrics •  Keyword reports

INDICATORS

The Measurement Pyramid

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Measure what’s important and, more importantly, meaningful.

Frees the team from “always up and to the right” mentality

Prevents departmental competition

The Pyramid Benefits

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But We Haven’t……

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1.  Still operate that content is separate

from “real marketing”

2.  Still think measurement is a way to prove worth, rather than improve a process

3.  We still think that “content” is an

attribute of marketing instead of value in and of itself

We Haven’t Changed…

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1.  Can we infuse the content marketing

approach into existing strategy

2.  Can we stop measuring in silos? And all the way down?

3.  Can we stop “acting” like a media

company and actually BE a media company?

But can we make it better?

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WEB  BANNER  

SEARCH  ADS  PRINT  

SEARCH  

Let’s look at an example… Advertising

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1  Customer  -­‐  $3,000  Cost  Per  Customer  

50,000  Impressions  1%  CTR  -­‐  (500  Visitors)  

$6.00  CPC  

30  Demo  Requests  -­‐  6%  Conversion  Rate  10  DemonstraEons  -­‐  $300  /  Demo  

Let’s look at an example… Advertising

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75  Downloads  -­‐  30%  Conversion  Rate  ($20  ea)  

9  DemonstraEons    ($166)  3  Customers  -­‐  $500  Cost  Per  Customer  

Let’s look at an example… Advertising50,000  Impressions  

.5%  CTR  -­‐  (250  Visitors)  $6.00  CPC  

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Sometimes Content Marketing IS more expensive but can it create a better customer? “The Switching Economy” $5.9 Trillion up for grabs… Engaging experiences are not “nice to have’s” any longer.

Measuring the whole journey 670  Miles  

$100  Dollar  B

ills  

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B2B Training Company Methodology to measure all the way through – from first awareness to customer service. 8 Months later… •  1.2x the cost •  1.5x the time

Loyalty. Upsell. Evangelism

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Customers closed through content marketing infusion Spent 2X as much Stayed 5X as long 2X more likely to share… It’s not just more likes, leads or customers. It’s also: Better likes, leads, customers – relationships.

Loyalty. Upsell. Evangelism.

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A"en%on  Metrics  (Audience  Development)  Measuring    consumpEon  &  brand  awareness  as  a  means  of  widening  the  

funnel    

Social  Metrics  (Conversa%on  Influence)  Measuring  the  creaEon  of  influence,  the  power  of  sharing,  and  the  larger  discussion  about  our  

approach      

Effec%veness  Metrics  (Content  Purpose)  Measuring  intended  purpose  at  influencing  behavior  at  various  parts  of  the  funnel  

     

3 Types of CM Measurement

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Visitors/Customers  Awareness  recall  Visitor  loyalty  

 Share  of  voice    

Brand  Awareness  %  Earned  Media  

 Impressions  Page  views  Downloads  

Earned  Media  $$  Visitors/Leads  Discussion  LiZ  

Total  CPL  Customer  Cost  RaEo  

NPS  -­‐  Loyalty    

Social  Shares  SenEment  Analysis  Influencer  MenEons  

 Tweets,  Likes  +1’s  

Forwards  Inbound  Links  

 Cost  Per  Visitor  Lead  (by  channel)  Total  Value  by  lead  

   Blog  subscripEons  

Time  on  site  Referral  Traffic  

 

Some examples for ya…

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Broad range of campaigns Winnow and place our bets on campaigns/projects Map into phrases:

Plan, Development, Launch, Manage Separate these phases by stage gates.

Go/No Go – Move On or Kill It

Stage Gate Vs. Discovery Driven

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Key decisions based on: •  What we know – prior results •  What we’re guessing – WAG •  Current risks – Can we deliver? What does that do? •  Risky, innovative – potentially

meaningful - things always die •  Incremental “safe” things go

forward •  We Koboyashi Maru the results

Perpetuates “analytics” as WMD

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Defining  what  ROI  really  means  •  Content  should  not  be  managed  

separately  –  but  rather  as  an  integrated  piece  of  your  whole  markeEng  strategy.    You  don’t  manage  telephone  vs.  email’s  contribuEon  to  sales…  

•  But  that  doesn’t  mean  you  can’t  examine  its  contribu%on  and  improve  it    

•  The  investment  should  be  easy  enough  to  calculate.  

•  The  contribuEon  can  come  from  the  KPI’s    and  how  it  successfully  contributes  to  the  overall  markeEng  goal  

   

Does  the  content  actually  create  a  more  valuable  customer    Are  we  geKng  more  engaged  traffic    Are  we  geKng  more  inbound  links    Are  we  able  to  create  be"er  cross-­‐sell  opportuni%es    Are  our  customers  more  loyal.  

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•  Have  the  capability  to  measure  everything  –  and  then  don’t.    Report  only  on  what’s  important.    AnalyEcs  drive  changes  to  process  –  NOT  prove  a  point.  

•  Take  the  Eme  to  reframe  the  analyEcs  discussion  more  broadly.    Content  MarkeEng  isn’t  something  that  should  be  measured  separately.    It’s  something  that  is  built  into  the  enEre  markeEng  measurement.    Think  about  the  analyEcs  pyramid.  

•  Measuring  all  the  way  through  from  awareness  to  customer  and  even  loyalty.    

 

In summary…

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Content Marketing measurement is

about how content makes

ALL your marketing more

effective. Measure it that way.

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