The first step is sitting down, describing the customer, and mapping their purchase journey for your product. Then overlaying that with where you currently communicate with them, what you communicate and why it is differentiated. Keeping the customer front and centre of any marketing strategy is crucial for success. … Continue reading
Data analytics provides a feedback loop on the progress of a marketing strategy. This feedback then means marketers can make adjustments, change direction, change allocation of resources. It can also act as a predictor, using past data to inform how effective a particular tactic might be, or to predict what sort of return on investment will be obtained. Continue reading
Content marketing is an easy to adopt marketing strategy. It is also very effective at reaching customers, educating them and helping to drive sales. One of the aspects of content marketing that makes it so effective is that it works 24/7/365 days/year. It is always working for you. Continue reading
There are a number of metrics that advertisers use to evaluate their native advertising. Often they are grouped into ‘pre-click’ and ‘post-click’ measures. Pre-click exposure: Viewability, how long was the ad in view for Impressions, how many times was the ad served Frequency, how often did the target audience see the ads Post-click engagement: Attention, second by second, how long did they pay attention after clicking? Scroll, how far down… Continue reading
Marketing strategy is developing a plan of action to achieve business objectives. There are a lot of different skills and practices which go into developing an effective strategy. If you are new to marketing strategy, some relevant posts: The measurement problem facing modern marketers How much should you spend on measurement? How do I decrease wastage in my media spend? How do I prove marketing attribution and ROI? How does storytelling marketing drive results?… Continue reading
Bounce rate measures the rate at which people leave a webpage without further engaging with it. Bounce rate is calculated by taking all visits to a page and seeing what percentage left the webpage without taking further action. Bounce rate = visitors that left without taking action / total visitors . This is an important measure to understand how effective the web page or its content is in serving the visitors expectation. The analogy is, the visitor is like a… Continue reading
Marketing metrics enable markets to see how well marketing efforts are performing. If you are new to marketing metrics, you may find these articles helpful: What are marketing metrics used for? Types of marketing metrics Why measure marketing metrics What marketing metrics to track? What is marketing metrics strategy? What are the marketing metrics at the start of a campaign Recommendations for best marketing metrics reporting tool What are the most common… Continue reading
Software as a service (SAAS) marketing is a rich topic as firms compete for attention. Whilst software as a service companies exist in the cloud, traditional marketing principles still apply. But they benefit from the squishing of the sales & marketing funnel, whereby prospective customers and act and go from uninformed to educated very quickly. Which is what makes SAAS marketing such a competitive space. SAAS startups have to fight to be efficient, they can’t grow being less efficient than… Continue reading
According to a report from last year, 12% of influencer had bought fake followers; put another way, that’s one in eight influencers – so this is a very valid concern. The other concern is whether followers are from your target geography. Before you get into technical solutions, some ways to mitigate this risk: Ask for references from brands that have been happy. Working with an influencer is akin to working with a freelancer. Ask for their reports from their… Continue reading
The top three metrics to consider are: Reach Engagement Conversion rate Why is Reach important? Reach is how many people your campaign reached. Brands need to set a goal for how many to reach with their campaign. It is important because it enables you to see the impact it had your business. And to calculate things like ROI and back it into your costs. Why is Engagement important? This is a common influencer KPI. Brands want to know that… Continue reading