A Definitive Guide to Data-Driven Marketing.


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Uploaded on Apr 5, 2021

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A Definitive Guide to Data-Driven Marketing.

A Definitive Guide to Data-Driven Marketing What is data-driven marketing? • Data-driven marketing is a strategy that relies on information management to make decisions. • This recorded information comes from marketing tools such as project management platforms and social media analytics Source: www.wrike.com Benefits of data-driven marketing • It’s easier to work with, more effective, and has proven results. • And the best part is, it’s tailored to your unique business, giving you insights, you couldn’t find anywhere else. • When used correctly, data-driven marketing can be leveraged to improve overall performance. Source: www.wrike.com Real-world benefits of data- driven marketing • Informed decisions: Nearly two-thirds of leading marketers say that decisions made with data are superior to those based on gut instinct. • Improved ROI: Businesses that employ data- driven personalization delivered 5-8x the ROI on marketing spend. Source: www.wrike.com Real-world benefits of data- driven marketing cont. • More profit: Data-driven marketing are more likely to have an advantage over the competition and increase profitability. • Competitive edge: This allows you to beat competitors to the punch when reacting to important events along the customer journey. Source: www.wrike.com Type of data used for data- driven marketing • Personal data: Such as email addresses and phone numbers, help marketers learn about individual accounts and discover patterns about the personal interests of their target group. • Engagement data: shows what leads do or don’t respond well to on all the existing marketing. Source: www.wrike.com Type of data used for data- driven marketing cont. • Behavioral data: like customer purchase histories help you build more accurate profiles and enticing offers. • Attitudinal data: gets to the core of how much your audience likes the products and experience. Source: www.wrike.com How do marketing agencies acquire data for marketing? • Directly asking customers: This includes everything from post-sales surveys to product rating bars on your website. • Indirectly tracking customers: Think of asking for permission to use cookies whenever someone clicks on a landing page. • Appending other sources of customer data: Third-party research institutions and case studies on competitor sites are useful for this category. Source: www.wrike.com Data collection technique • Asking for audience feedback in the form of customer satisfaction surveys, social media polls, and product reviews. • Using social media, email newsletters, and website analytics tools to evaluate engagement. Source: www.wrike.com Data collection technique cont. • Indirectly tracking audience behavior using tools such as cookies, paid ads, web beacons, and loyalty programs. • Looking through past customer service and sales communications to see what questions, concerns, and issues leads have with your current offers. Source: www.wrike.com Tips for data-driven marketing strategy • Create naming systems: Have a system in place for how everyone should name files. • Use the footnotes: If you don’t want to overwhelm others with each file’s context information, put those details in the footnotes or citations. • Cross-reference surprises: If you ever come across a surprising result from your data, remember to cross-reference it. Source: www.wrike.com