Description:
Measuring and Collecting the Right Data. Ben Weber, Analytics Specialist of In Marketing We Trust, is covering how to Measure and Collect the right Data for your business/clients.
Topics to be cover:
*Data Governance
*Measurement Plan
*What to Measure?
*And more..
Video presentation:
https://youtu.be/HFaWp7lilno
IMWT Blog post:
http://bit.ly/2SPHU8c
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THE DOCTOR, MY MODEL
➔ extraterrestrial being
➔ travels the universe
➔ uses cool tools: tardis, screwdriver
➔ never makes any assumptions
➔ questions the world
➔ asks the help of his/her companions
➔ saves the universe
➔ regenerates when hurt
3
UNDERSTAND AND SAVE THE UNIVERSE!
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DATA
GOVERNANCE
www.dama.org
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ANY SORT OF
GOVERNANCE ?
What about you?
www.digitalanalyticsassociation.org
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THE SAD REALITY OF DIGITAL ANALYTICS
8
Study done by Brian Clifton: https://verified-data.com/research/
One in five has a PII issue 25% properly tracked conversions 18% properly tracked campaigns
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THE OPTIMISATION FRAMEWORK
Status Quo
Optimisation
Reporting
Strategy
Analysis
Implementatio
n
Business Impact
12Google Analytics Breakthrough (2016): Allhou, Shiraz and
Fettnam
13. DIGITAL MARKETING & ANALYTICS |WWW.INMARKETINGWETRUST.COM.AU |
6 STEPS OF
ANALYTICS
EFFECTIVENESS
Collection is
the keystone,
the starting point
INTERPRET
VISUALISE
INTEGRATE
SEGMENT
AGGREGATE
COLLECT
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1 - DEFINE MEASUREMENT PLAN5 - MAINTAIN & REFINE
2 - DOCUMENT4 - IMPLEMENT
3 - CREATE IMPLEMENTATION PLAN
MEASUREMENT PLAN = INFINITE PROCESS
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ABSOLUTE TRUTH
FIGURE OUT
THE
UNKNOWN
UNKNOWN
QUESTIONS
KNOWLEDGE
KNOWN UNKNOWN
KNOWN KNOWN
UNKNOWN KNOWN
UNKNOWN UNKNOWN
Donald Rumsfeld
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QUESTION THE WORLD!
➔Consider multiple perspectives
➔Ask different questions
➔Understand the big picture
➔Experiment and Learn
WHO?
WHEN?
HO
W?
WHERE?
WHAT?
WHY?
18
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WHAT MATTERS TO
OTHERS?
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Reach out and engage with your colleagues
to understand what matters most to them.
➔Business owners
➔Marketing teams: public relations, demand
generation, content, social media
➔Product teams
➔Design and user experience teams
➔Web/app developers
➔Customer support
➔Sales team
20. DIGITAL MARKETING & ANALYTICS |WWW.INMARKETINGWETRUST.COM.AU |
DEFINE
D.U.M.B.
BUSINESS
OBJECTIVES
What’s the core and unique value proposition that we offer?
Doable
Understandable
Manageable
Beneficial
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IMWT
D.U.M.B.
BUSINESS
OBJECTIVES
1 INCREASE REVENUE 2 REDUCE COST 3 IMPROVE LOYALTY
Business objectives can generally be broken down into 3
buckets
Doable
Understandable
Manageable
Beneficial
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DEFINE
S.M.A.R.T
GOALS 1 INCREASE REVENUE 2 REDUCE COST 3 IMPROVE LOYALTY
INCREASE NB
OF BOOKINGS
INCREASE AVG
BOOKING
PRICE
DECREASE
CPA
INCREASE
CONVERSION
RATE
INCREASE
NEWSLETTER
SUBSCRIBERS
INCREASE
SOCIAL MEDIA
INTERACTION
Every business objective needs to be translated into goals
Specific
Measurable
Assignable
Realistic
Time-related
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CHOOSE KPIs
& TARGET
+ 5% CvR
1 INCREASE REVENUE 2 REDUCE COST 3 IMPROVE LOYALTY
INCREASE NB
OF BOOKINGS
INCREASE AVG
BOOKING
PRICE
DECREASE
CPA
INCREASE
CONVERSION
RATE
INCREASE
NEWSLETTER
SUBSCRIBERS
INCREASE
SOCIAL MEDIA
INTERACTION
TRANSACTION REVENUE
CAMPAIGNS
COST
CONVERSION
RATE
COMMENTS,
SHARES, LIKES
FORM
SUBMISSIONS
+ 10%
REVENUE
+20$ ON AVG
BOOKING
- 10% CPA
>10 LIKES PER
CONTENT
+100 / MONTH
A Key Performance Indicator is a metric that reflects
performance against business objectives.
Fix achievable targets for each KPI.
Specific
Measurable
Assignable
Realistic
Time-related
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DEFINE
SEGMENTS
+ 5% CvR
1 INCREASE REVENUE 2 REDUCE COST 3 IMPROVE LOYALTY
INCREASE NB
OF BOOKINGS
INCREASE AVG
BOOKING
PRICE
DECREASE
CPA
INCREASE
CONVERSION
RATE
INCREASE
NEWSLETTER
SUBSCRIBERS
INCREASE
SOCIAL MEDIA
INTERACTION
TRANSACTION REVENUE
CAMPAIGNS
COST
CONVERSION
RATE
COMMENTS,
SHARES, LIKES
FORM
SUBMISSIONS
+ 10%
REVENUE
+20$ ON AVG
BOOKING
- 10% CPA
>10 LIKES PER
CONTENT
+100 / MONTH
GEOGRAPHY
TRAFFIC
SOURCE
PRODUCT CAMPAIGN USER TYPE
DEMO
GRAPHICS
Dimensions will enable you to break down and get actionable
insight on particular segments of users.
Specific
Measurable
Assignable
Realistic
Time-related
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STEP BY STEP
AT YOUR OWN
PACE
from your
MVMP
up to full MP
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HOW TO
PRIORITISE?
1. Value/Cost
2. PIE framework
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DEFINE
PRIORITY
VALUE
VS
COST
MATRIX
A
C
B
D
DATA COST
DATAVALUE
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DEFINE
PRIORITY
USE PIE
FRAMEWORK
POTENTIAL
EASEIMPORTANCE
SCORE = Potential x Ease x Importance / 3
www.widerfunnel.com
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SAVE THE UNIVERSE WITH THE HELP OF
YOUR COMPANIONS
36
“The universe is big. It’s vast and complicated and ridiculous. And sometimes, very rarely,
impossible things just happen and we call them miracles!
- The Doctor
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TAKE AWAY
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➔Data Quality is an investment: time, effort, discipline and governance
➔Question the world and find out what matters to others
➔Understand your business
➔Create a measurement plan: objectives, goals, KPIs, targets and segments
➔Use the tools for the right reason
➔Define your Minimal Viable Measurement Plan
➔Go at your own pace and build a better analytics step by step
38. DIGITAL MARKETING & ANALYTICS |WWW.INMARKETINGWETRUST.COM.AU |
BENOIT WEBER
HEAD OF ANALYTICS
LINKEDIN: /in/benoit-weber/
EMAIL: benoit@inmarketingwetrust.com.au
DON’T BE SHY
& CONNECT
WITH US
FREDERIC CHANUT
MANAGING DIRECTOR
With more than 10 years experience in strategic online
marketing for brands, Freddy is responsible for the
strategic and operational management of In Marketing We
Trust.
EMAIL: frederic@inmarketingwetrust.com.au
PAUL HEWETT
COMMERCIAL DIRECTOR
Paul has worked with some of the worlds largest brands to
deliver effective digital and growth strategies. This is
coupled with his strong leadership experience at a
company and industry level.
EMAIL: paul@inmarketingwetrust.com.au