Let the Data Be Your Guide

How to put data to work to gain valuable customer insight
"To measure is to know.”
         - Lord Kelvin
Steve Riegel
    Founder, Director of Insights

                                                Sociographic
                                                +   Father of twins
                      Psychographic             +
                                                +
                                                    Expertise in data analysis
                                                    Likes to make lists of three
Demographic           +   Entrepreneur
                      +   Heavy Internet user
+   Male              +   Hockey fan/player
+   35-55
+   Homeowner
5 Clients
Faction Media at a glance                                                     Fortune 500



                                                                             6 Years Old
                   Faction Media was founded on the
     + +         + principles of digital marketing: +           + +
                                                                              (Started 2005)
                  know your audience, value their time,


                                                                             50  Employees
                    and use data to repeat success.
                                                                                (and counting)

Headquartered in

Denver
                                     Thought Leadership
                                       Partners are active in local and
                                                                             110 Awards
                                                                                 Results-based




                                                                             $12
                                   national organizations, serve as judges
               With an office in
               Phoenix
                                       in marketing competitions and
                                    contribute to industry publications.
                                                                                  Million
                                                                                  Annual Billing
  Technology
   Partners
WHY OUR JOBS ARE GETTING
MORE COMPLEX EVERY YEAR
SMARTPHONE
   LAPTOP

DESKTOP
                                                                TABLET

                                                      TWITTER
    SITES: 3.3 MILLION                LINKEDIN                                      SITES: 346 MILLION
                                            YOUTUBE
                                          FACEBOOK


                                                                         WEB APPS
                                                             HTML5
JAVASCRIPT
 HTML 2
    XML
                           AJAX
                                           CSS3
          1994




                                                      2005




                                                                                        2012
       THE CHALLENGE: KEEPING UP WITH THE DATA EXPLOSION
                                                                                                   6
NPR SHOWS MORE ONLINE DATA IS CREATED EVERY MINUTE
                                                 7
OVERWHELMED BY DATA?
YOU ARE NOT ALONE...
A survey of marketing leaders by CMO.com and
Adobe in 2012 found that just 20% had full
confidence in their ability to perform these
basic tasks:

+ Measure overall campaign effectiveness
+ Allocate budget with ROI in mind
+ Communicate performance to C-level executives
Analytics should do more than inform
            your business.
They should transform your business.



                                       9
LET’S REVIEW THE BASICS OF ANALYTICS




   TEST         MEASURE         MODIFY
                                 (AND REPEAT)
GETTING STARTED
DEFINE ‘TRUE’ BUSINESS GOALS



         Before you ever launch a campaign, you need clear
                    answers to these questions:

               1) Who is your audience?
         2) What do you want them to do?
         3) How will you measure success?




                                                             12
WHO IS YOUR AUDIENCE?
IDENTIFY VALUE & VOICE THROUGH PERSONAS



        C-LEVEL IT      IT MANAGERS         LINE-OF-BUSINESS   END USERS




                            TRADITIONAL INFLUENCE CHAIN

                              TODAY’S INFLUENCE CHAIN



                                                                           13
WHAT DO YOU WANT YOUR AUDIENCE TO DO?
IDENTIFY MEASUREMENT AROUND WHAT WE MAY KNOW



              Move beyond reporting on impressions, clicks and leads.
                      Take time to think inside these boxes.


    SEGMENTATION              ACQUISITION             ENGAGEMENT             RETENTION
       Who are they?       How did they get there?    What did they do?    Did they come back?

      The “Graphics”:          Traffic drivers:         Event Based:           Repeatables:
        Geo, Demo,         Search, Display, Social,   Video, Download,      Loyalty programs,
      Pyscho, Techno,      Campaigns, Email, etc.     Consume, Register,    Visit/sales intervals
    Audience, Logged in,                                  Navigate              Multi-touch
            etc.
HOW WILL YOU MEASURE SUCCESS?
SETTING UP REPORTING


 1) Define your key performance indicators (KPIs)
 2) Determine how you will define success (what to measure against)
 3) Decide how results will be reported (to whom, when, where, how often)


  Key Business Goals    Key Audience         Success Event                    KPIs


    Decrease customer                        Drive customers to   1) Customer survey scores
                          Current Clients        self service     2) Download ratios
      support costs
                                                 documents


                                               Drive leads to
      Increase sales                                              1) Conversion Rate
                         Potential Clients      registration
      opportunities                                               2) Campaign Bounce Rate
                                               conformation
DURING CAMPAIGN
Don’t just report data. Be a change agent.

Fundamentals of change
+ Get visual                                                      Siren
                                                Political                        Number
  Data is everywhere, make it easy to consume    Skills                          Cruncher
  with dashboards                                               Change
                                                                 Agent
+ Do the math
  Rate your success on as many facets of the           Leader                Analyst

  campaign as possible
+ Act on data                                                   Business
                                                                Acumen
  Make small changes, but don’t day trade

                                                  “Be the ball, Danny”
                                                                Caddyshack
GET VISUAL



CUT THROUGH THE CLUTTER

For every campaign, get a dashboard to:

+ Segment your audiences

+ Identify the who/what/where/when

+ Look for unexpected in the how/why
   and dive in deeper when you see it




                                          18
DO THE MATH


BEHAVIOR MEASUREMENT
                                                                                                                 Business Links
Assign relative values to website actions:               Business Contacts
                                                                                  Business Engagements


                                                                                                             XcelEnergy           $5
+ Set values for major campaign goals                                             Success Stories       $3
                                                                                                             Switch to RBN        $1
                                                     Contact Us                 $10
                                                                                  Video Gallery         $3
                                                                                                             EnergyStar           $1
                                                     Mail to                    $10
+ Set values for site activity and other success                                  Downloads             $3 State Agencies         $1
                                                     Small Biz Registration     $10 Quick Tool Launch
                                                                                  EE                    $3 Social connect/links   $1
  elements (report by traffic drivers, campaign      NM Cooing Registration     $10 Download Submit
                                                                                  CO                    $2
  elements, key visitors, segments, etc.)            CO Cooling Registration    $10
                                                     Small Biz Reg Form Visit   $5
+ Compare value per visitor by each tactic, invest
  in those that work best




                                                                                                                                       19
ACT ON THE DATA




 Be flexible and make        Check numbers after     Find out ‘why’ users do
adjustments as you go            each wave                what they do
  by changing tactics          and be prepared to    with surveys driven by
 based on data, offers,       optimize as needed           site actions
subjects lines, positions,    (without getting too
 paths into lead forms,           carried away)
 content locations, etc.
OPTIMIZE FOR NEXT CAMPAIGN
AFTER CAMPAIGN

Being insightful is...
having the perspective to articulate the
obvious and the ability to provide
meaningful direction.

+ Perform quantitative analysis

+ Do your best qualitative analysis

+ Identify successes and failures
AFTER CAMPAIGN


Being nimble is...
finding the right balance between
observing and acting.

+ Be reflective but responsive

+ Constantly re-evaluate your goals

+ Use data to drive organizational success
"There is nothing new
 to be discovered...
  All that remains is
   more and more
        precise
   measurement."
       - Lord Kelvin
THANK YOU

Steve Riegel                     stever@factionmedia.com
Founder, Director of Insights    Twitter: @faction




                                                           25

Let the Data be your Guide - Marketing Analytics 1,2,3

  • 1.
    Let the DataBe Your Guide How to put data to work to gain valuable customer insight
  • 2.
    "To measure isto know.” - Lord Kelvin
  • 3.
    Steve Riegel Founder, Director of Insights Sociographic + Father of twins Psychographic + + Expertise in data analysis Likes to make lists of three Demographic + Entrepreneur + Heavy Internet user + Male + Hockey fan/player + 35-55 + Homeowner
  • 4.
    5 Clients Faction Mediaat a glance Fortune 500 6 Years Old Faction Media was founded on the + + + principles of digital marketing: + + + (Started 2005) know your audience, value their time, 50 Employees and use data to repeat success. (and counting) Headquartered in Denver Thought Leadership Partners are active in local and 110 Awards Results-based $12 national organizations, serve as judges With an office in Phoenix in marketing competitions and contribute to industry publications. Million Annual Billing Technology Partners
  • 5.
    WHY OUR JOBSARE GETTING MORE COMPLEX EVERY YEAR
  • 6.
    SMARTPHONE LAPTOP DESKTOP TABLET TWITTER SITES: 3.3 MILLION LINKEDIN SITES: 346 MILLION YOUTUBE FACEBOOK WEB APPS HTML5 JAVASCRIPT HTML 2 XML AJAX CSS3 1994 2005 2012 THE CHALLENGE: KEEPING UP WITH THE DATA EXPLOSION 6
  • 7.
    NPR SHOWS MOREONLINE DATA IS CREATED EVERY MINUTE 7
  • 8.
    OVERWHELMED BY DATA? YOUARE NOT ALONE... A survey of marketing leaders by CMO.com and Adobe in 2012 found that just 20% had full confidence in their ability to perform these basic tasks: + Measure overall campaign effectiveness + Allocate budget with ROI in mind + Communicate performance to C-level executives
  • 9.
    Analytics should domore than inform your business. They should transform your business. 9
  • 10.
    LET’S REVIEW THEBASICS OF ANALYTICS TEST MEASURE MODIFY (AND REPEAT)
  • 11.
  • 12.
    DEFINE ‘TRUE’ BUSINESSGOALS Before you ever launch a campaign, you need clear answers to these questions: 1) Who is your audience? 2) What do you want them to do? 3) How will you measure success? 12
  • 13.
    WHO IS YOURAUDIENCE? IDENTIFY VALUE & VOICE THROUGH PERSONAS C-LEVEL IT IT MANAGERS LINE-OF-BUSINESS END USERS TRADITIONAL INFLUENCE CHAIN TODAY’S INFLUENCE CHAIN 13
  • 14.
    WHAT DO YOUWANT YOUR AUDIENCE TO DO? IDENTIFY MEASUREMENT AROUND WHAT WE MAY KNOW Move beyond reporting on impressions, clicks and leads. Take time to think inside these boxes. SEGMENTATION ACQUISITION ENGAGEMENT RETENTION Who are they? How did they get there? What did they do? Did they come back? The “Graphics”: Traffic drivers: Event Based: Repeatables: Geo, Demo, Search, Display, Social, Video, Download, Loyalty programs, Pyscho, Techno, Campaigns, Email, etc. Consume, Register, Visit/sales intervals Audience, Logged in, Navigate Multi-touch etc.
  • 15.
    HOW WILL YOUMEASURE SUCCESS? SETTING UP REPORTING 1) Define your key performance indicators (KPIs) 2) Determine how you will define success (what to measure against) 3) Decide how results will be reported (to whom, when, where, how often) Key Business Goals Key Audience Success Event KPIs Decrease customer Drive customers to 1) Customer survey scores Current Clients self service 2) Download ratios support costs documents Drive leads to Increase sales 1) Conversion Rate Potential Clients registration opportunities 2) Campaign Bounce Rate conformation
  • 16.
  • 17.
    Don’t just reportdata. Be a change agent. Fundamentals of change + Get visual Siren Political Number Data is everywhere, make it easy to consume Skills Cruncher with dashboards Change Agent + Do the math Rate your success on as many facets of the Leader Analyst campaign as possible + Act on data Business Acumen Make small changes, but don’t day trade “Be the ball, Danny” Caddyshack
  • 18.
    GET VISUAL CUT THROUGHTHE CLUTTER For every campaign, get a dashboard to: + Segment your audiences + Identify the who/what/where/when + Look for unexpected in the how/why and dive in deeper when you see it 18
  • 19.
    DO THE MATH BEHAVIORMEASUREMENT Business Links Assign relative values to website actions: Business Contacts Business Engagements XcelEnergy $5 + Set values for major campaign goals Success Stories $3 Switch to RBN $1 Contact Us $10 Video Gallery $3 EnergyStar $1 Mail to $10 + Set values for site activity and other success Downloads $3 State Agencies $1 Small Biz Registration $10 Quick Tool Launch EE $3 Social connect/links $1 elements (report by traffic drivers, campaign NM Cooing Registration $10 Download Submit CO $2 elements, key visitors, segments, etc.) CO Cooling Registration $10 Small Biz Reg Form Visit $5 + Compare value per visitor by each tactic, invest in those that work best 19
  • 20.
    ACT ON THEDATA Be flexible and make Check numbers after Find out ‘why’ users do adjustments as you go each wave what they do by changing tactics and be prepared to with surveys driven by based on data, offers, optimize as needed site actions subjects lines, positions, (without getting too paths into lead forms, carried away) content locations, etc.
  • 21.
  • 22.
    AFTER CAMPAIGN Being insightfulis... having the perspective to articulate the obvious and the ability to provide meaningful direction. + Perform quantitative analysis + Do your best qualitative analysis + Identify successes and failures
  • 23.
    AFTER CAMPAIGN Being nimbleis... finding the right balance between observing and acting. + Be reflective but responsive + Constantly re-evaluate your goals + Use data to drive organizational success
  • 24.
    "There is nothingnew to be discovered... All that remains is more and more precise measurement." - Lord Kelvin
  • 25.
    THANK YOU Steve Riegel stever@factionmedia.com Founder, Director of Insights Twitter: @faction 25