Posts Tagged ‘data’

Marketing Analytics: Why you need to hire an analyst

March 6th, 2012

A steady diet of fresh data helps marketing teams invest wisely and reach the right person, with the right offer, at the right time. It’s almost like food for your strategy, giving it strength.

But like food, data needs skilled hands to process it. You cannot pull a potato out of the ground and call it dinner, and you cannot track unique visitors and call it marketing.

You need a data chef, better known as an analyst. This person will help you take the unprocessed fields of grain in your database and turn them into Fettuccini Alfredo. Big companies have been doing this for years.

Read more…

Marketing Campaigns: Dig deep to replicate your successes (and learn from your failures) with marketing and sales enablement case studies

January 6th, 2012

Sales were up 80% in 2011! Congratulations!

Except, well, now you have to repeat that feat in 2012 (or at least hold the line). So, how exactly did you lift sales?

Not only that, but your team is 80% bigger this year, and many of them weren’t even working with you when you initiated many of the changes that got you the big success in the first place (nice hypothetical problem to have, right?). Still, it begs the question …


How do your replicate your success?

Or how do you avoid making the same mistakes? Well, first you have to discover why you succeeded and failed. And then you need to spread that new business intelligence throughout your team and your organization.

I recommend forensic reporting. That’s a term I like to use to explain what our reporters do here at MarketingSherpa, and how we write the case studies that appear in our free marketing newsletters. (While our case studies are meant for external consumption, this is something I used to do internally as well for companies like IBM and BEA Systems to spread effective tactics inside the company, so I can see how the same principles apply.)

First, you have to understand these case studies don’t just exist somewhere. Marketers and teams go about their jobs and do various things. From these actions, they bring about successes or failures. But the reasons why and how they did it, which is the case study, is never prepackaged.

As the name “forensics reporting” connotes, you have to investigate and dig pretty deep, because often the entire picture of what led to the success or failure isn’t even immediately obvious to the people that helped make it happen.

Here’s a very simplified, six-step process to get your started …

  Read more…

Social Marketing Lifts Organic Conversions

August 6th, 2010

I’ve been digging through MarketingSherpa’s new 2011 Search Marketing Benchmark Report: SEO Edition and finding very interesting data describing social media’s impact on SEO performance.

The most interested stat I came across noted that marketers working in social media reported an average 27% conversion rate for organic search traffic. Those not working in social media reported 17%. That is a 58.8% difference — which is huge.

What could cause this disparity?

Possible explanations are found in a second chart. Marketers were asked whether social media or SEO were effective marketing tactics for achieving a list of objectives.

More marketers said SEO, rather than social media, was a “very effective” way to:
o Increase brand or product awareness (42% vs. 37%)
o Increase website traffic (57% vs. 33%)
o Increase lead generation (35% vs. 18%)
o Increase offline sales revenue (17% vs. 10%)
o Increase online sales revenue (26% vs. 9%)

On the flipside, more marketers said social media was a “very effective” way to:
o Improve brand or product reputation (37% vs. 29%)
o Improve public relations (36% vs. 27%)

Clearly, SEO is more effective at attracting attention and ultimately converting people. However, social media is more likely to increase positive thinking around a product and brand.

This leads me to a hypothesis: marketers who engage in SEO and social media have 58.8% higher conversion rates for organic traffic because their social media work has increased trust in their brands and products.

But that might not be the whole story.

As pointed out in the benchmark report’s analysis, working in social media provides additional benefits. Social profiles and content are indexed by search engines and added to results pages. These additional results can push down a brand’s competition, increasing its organic conversion rates. Also, the social results can broaden the variety of content on a SERP and help brands appeal to more people.

The data are very interesting. If your team has well established SEO and social media strategies, take a look at your stats and look for similar trends. It just might make you smile.

Measuring Social is Vital

February 19th, 2010

Measuring your marketing is the only way to know which efforts are working and which are wasting money. Even if you can’t measure every impact, you should track as much as possible.

After looking at some data from MarketingSherpa’s 2010 Social Media Marketing Benchmark Report, I wonder how many campaigns are only half-measured, with half their impact open to anyone’s guess.

When asked ‘What is your organization monitoring and measuring to quantify social media impact?’ 50% or more respondents said they were tracking:
o Visitors and traffic sources
o Followers, fans and members numbers
o Commentary about brand or product
o Sentiment around brand or product.

Fewer than 50% of respondents said they were tracking:
o Search engine rank
o Lead generation
o Progress toward social media objectives
o Engagement with influential bloggers, journalists, Twitterers, etc.
o Sales conversion and other ROI metrics
o Competitive share of social media coverage
o Criteria to identify and profile audiences

Astoundingly, only 35% of respondents said they were tracking sales conversion and other ROI metrics related to social media.

Getting more website traffic, Facebook fans and comments is very good. But if you’re not sure whether that’s having an effect on lead generation or sales, many executives will ask: what’s the point?

Marketers across the globe are finding use with social media. But if you want the rest of your organization to take it seriously and to invest more in the channel, you should learn as much about its impact as possible. The data talks.

If social media is helping you learn more about your audience, get data on how that knowledge is improving your marketing. If it’s helping your brand’s image, find a way to quantify it. Hypothetical evidence is as solid as a wet paper towel compared to hard data.

Is your team measuring its social media impact? If not, what’s holding you back? Let us know in the comments…

Blogger Video Sharing Data

November 6th, 2009

Knowing which bloggers are most likely to embed or link to a video can help focus your pitching strategy. Take a look at a new report from social media business intelligence provider Sysomos to find out which bloggers are sharing videos.

Sysomos analyzed over 100 million blog posts from July to September 2009 to measure bloggers’ video sharing. The report breaks down the bloggers’s demographics and the services they use.

Below is some U.S. data from the report. Check out the full report if you want more detail and international data.

– U.S. Market Share
o YouTube – 81.6% of bloggers use YouTube to embed or link to video
o Vimeo – 10.6%
o Dailymotion – 1.8%

– Top U.S. Cities for Video Sharing Via Blogs
o New York, NY – number one worldwide
o Los Angeles, CA – number six worldwide
o Chicago, IL – number 10 worldwide

– Top U.S. States for Video Sharing Via Blogs
o CA – 19.0%
o NY – 10.9%
o TX – 5.4%
o PA – 5.0%
o FL – 4.8%

– Age of North American Bloggers who Embed Video
o 20 to 35 – 62.7%
o 35 to 60 – 25.9%
o 13 to 19 – 9.5%
o Over 60 – 1.9%
o Under 13 – 0.0%

Worldwide, males (60.33%) are more actively sharing video through blogs than females (39.67%). The most active days are Tuesday, Wednesday and Monday, respectively. The most active hours are 11 a.m. to noon, followed by noon to 1 p.m.

If you’re making viral videos, this data helps show who is most likely to share them on a blog. You can use it to help guide your pitching strategy, and possibly help decide if viral video is the right strategy for your audience.