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It Shouldn't Be Scary to Go Digital

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It Shouldn't Be Scary to Go Digital

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Presentation given at the Zillow Group's Multifamily conference in Austin, Texas on 9/27/2016. We dive into the changes happening in digital marketing and what YOU (the marketer) must do to survive. It's a scary world out there.

Presentation given at the Zillow Group's Multifamily conference in Austin, Texas on 9/27/2016. We dive into the changes happening in digital marketing and what YOU (the marketer) must do to survive. It's a scary world out there.

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It Shouldn't Be Scary to Go Digital

  1. #ZGMultifamily IT SHOULDN’T BE SCARY T GO DIGITAL Kyle Lacy, Head of Marketing Strategy, OpenView
  2. @KYLEPLACY@KYLEPLACY2 @KYLEPLACY We must understand change.
  3. @KYLEPLACY@KYLEPLACY3 @KYLEPLACY Why is this happening?
  4. @KYLEPLACY@KYLEPLACY4 @KYLEPLACY Mobility completely changed the game. CURRENT DISRUPTION
  5. @KYLEPLACY@KYLEPLACY5 @KYLEPLACY DAY IN THE LIFE OF A MOBILE USER Average # Apps Installed on Device Average Numbers of Apps Used Daily Average # of Apps Accounting for 80%+ of App Usage Time Spent on Phone (per Day) Most Commonly Used Apps USA 37 12 3 5 hours Facebook Chrome YouTube Source: KPCB Internet Trends Report
  6. @KYLEPLACY@KYLEPLACY6 @KYLEPLACY Every customer is a consumer first.
  7. @KYLEPLACY@KYLEPLACY7 @KYLEPLACY And the consumer experience is seamless.
  8. @KYLEPLACY@KYLEPLACY8 @KYLEPLACY
  9. @KYLEPLACY@KYLEPLACY9 @KYLEPLACY Smart machines are here to stay. FUTURE DISRUPTION
  10. @KYLEPLACY@KYLEPLACY16 @KYLEPLACY Have no fear.
  11. @KYLEPLACY@KYLEPLACY17 @KYLEPLACY We don’t survive.
  12. @KYLEPLACY@KYLEPLACY18 @KYLEPLACY We evolve.
  13. @KYLEPLACY@KYLEPLACY19 @KYLEPLACY Embracing the 4 Ps f Digital Evolution SUPREME SURVIVAL TIP
  14. @KYLEPLACY@KYLEPLACY20 @KYLEPLACY PROCESS PEOPLE PERSONA PERFORMANCE
  15. @KYLEPLACY@KYLEPLACY21 @KYLEPLACY PEOPLE Do you have the right people? Hire for aptitude, attitude and agility.
  16. @KYLEPLACY@KYLEPLACY22 @KYLEPLACY
  17. @KYLEPLACY@KYLEPLACY23 @KYLEPLACY Is your team organized to win in the digital environment?
  18. @KYLEPLACY@KYLEPLACY24 @KYLEPLACY Acquisition Conversion Brand Content PR Brand Enablement Corporate Comms Creative Events Digital Traditional Ads Managers Operations Automation Personas/Strategy Messaging Sales Enablement Training Retention THE MODERN MARKETING ORG
  19. @KYLEPLACY@KYLEPLACY25 @KYLEPLACY The marketing team of the future…
  20. @KYLEPLACY@KYLEPLACY26 @KYLEPLACY controls every aspect of the consumer experience.
  21. @KYLEPLACY@KYLEPLACY27 @KYLEPLACY PERSONA Do you know your customer? Do you understand their behavior, motivations, goals and demographics?
  22. @KYLEPLACY@KYLEPLACY28 @KYLEPLACY PERSONA a semi-fictional representation of your ideal customer based on market research and real data about your existing customers.
  23. @KYLEPLACY@KYLEPLACY29 @KYLEPLACY PROCESS How does your team operate and optimize for product, pricing, promotions and channels?
  24. @KYLEPLACY@KYLEPLACY30 @KYLEPLACY Your UXperience matters. PROCESS TIP #1
  25. @KYLEPLACY@KYLEPLACY31 @KYLEPLACY Get the experience right and your product will sell itself.
  26. @KYLEPLACY@KYLEPLACY33 @KYLEPLACY Or you customers will sell it for you.
  27. @KYLEPLACY@KYLEPLACY34 @KYLEPLACY
  28. @KYLEPLACY@KYLEPLACY35 @KYLEPLACY 73% of companies consider user experience a top priority Source: Forrester Research, Forrester’s CX Index
  29. @KYLEPLACY@KYLEPLACY36 @KYLEPLACY 1% of companies deliver an excellent experience Source: Forrester Research, Forrester’s CX Index
  30. @KYLEPLACY@KYLEPLACY37 @KYLEPLACY Source: UserTesting.com
  31. @KYLEPLACY@KYLEPLACY38 @KYLEPLACY Customer service is the new marketing. PROCESS TIP #2
  32. @KYLEPLACY@KYLEPLACY39 @KYLEPLACY
  33. @KYLEPLACY@KYLEPLACY40 @KYLEPLACY
  34. @KYLEPLACY@KYLEPLACY41 @KYLEPLACY Social media engagement is about retention, not acquisition.
  35. @KYLEPLACY@KYLEPLACY42 @KYLEPLACY It’s time to hug your haters.
  36. @KYLEPLACY@KYLEPLACY43 @KYLEPLACY $500 Billion Per Year in Marketing Source: Jay Baer, Hug Your Haters
  37. @KYLEPLACY@KYLEPLACY44 @KYLEPLACY $500 Billion Per Year in Marketing $9 Billion Per Year in Customer Service Source: Jay Baer, Hug Your Haters
  38. @KYLEPLACY@KYLEPLACY45 @KYLEPLACY 40% of social media haters expect a reply within one hour. Source: Jay Baer, Hug Your Haters
  39. @KYLEPLACY@KYLEPLACY46 @KYLEPLACY Answering one complaint online increases customer love as much as 25%. Source: Jay Baer, Hug Your Haters
  40. @KYLEPLACY@KYLEPLACY47 @KYLEPLACY 80% of companies say they deliver exceptional customer service. Source: Jay Baer, Hug Your Haters
  41. @KYLEPLACY@KYLEPLACY48 @KYLEPLACY 8% of their customers agree. Source: Jay Baer, Hug Your Haters
  42. @KYLEPLACY@KYLEPLACY49 @KYLEPLACY Go back and answer the first 2 pages of reviews everywhere. Source: Jay Baer, Hug Your Haters
  43. @KYLEPLACY@KYLEPLACY50 @KYLEPLACY PERFORMANCE Do you have the system in place to track and evolve?
  44. @KYLEPLACY@KYLEPLACY51 @KYLEPLACY Source: David Walmsley “We must move from numbers keeping score to numbers that drive better actions.”
  45. @KYLEPLACY@KYLEPLACY52 @KYLEPLACY Data is life. PERFORMANCE TIP #1
  46. @KYLEPLACY@KYLEPLACY53 @KYLEPLACY 70% of technology implementations fail because of BAD DATA. Source: Forrester Research
  47. @KYLEPLACY@KYLEPLACY54 @KYLEPLACY What about small data vs. big data vs. medium data vs. somewhat large data?
  48. Courtesy of Alex Tellez + Amy Wang + H2O Team
  49. one. Moments Matter
  50. @KYLEPLACY@KYLEPLACY57 @KYLEPLACY HOW DO YOU EFFICIENTLY MANAGE DATA? • Database cleansing should be top priority • Do you have someone focused on data management? • Get your team off spreadsheets • One system of record for the entire company • Get your team off spreadsheets • Get your team off spreadsheets
  51. @KYLEPLACY@KYLEPLACY58 @KYLEPLACY Better Goal Tracking Leads to Better Results PERFORMANCE TIP #2
  52. @KYLEPLACY@KYLEPLACY59 @KYLEPLACY Data / Automation CRM MY PRIMARY STACK Goal / Project Management
  53. @KYLEPLACY@KYLEPLACY60 @KYLEPLACY
  54. @KYLEPLACY@KYLEPLACY61 @KYLEPLACY
  55. @KYLEPLACY@KYLEPLACY62 @KYLEPLACY
  56. @KYLEPLACY@KYLEPLACY63 @KYLEPLACY Die engagement metrics. Long live unit economics. PERFORMANCE TIP #3
  57. @KYLEPLACY@KYLEPLACY64 @KYLEPLACY Marketing should function like an ecommerce company.
  58. @KYLEPLACY@KYLEPLACY65 @KYLEPLACY ENGAGEMENT IS IMPORTANT • Open Rate • Click Through Rate • Cost per Click • Time on Site • Bounce Rate • Close rate per Channel But secondary
  59. @KYLEPLACY@KYLEPLACY66 @KYLEPLACY UNIT ECONOMICS Direct revenues and costs associated with a particular business model expressed on a per unit basis.
  60. @KYLEPLACY@KYLEPLACY67 @KYLEPLACY LIFETIME VALUE (LTV) the amount of revenue a single user generated during the entire duration of their usage of your service
  61. @KYLEPLACY@KYLEPLACY68 @KYLEPLACY Strive to understand your unit economics better than the CEO
  62. @KYLEPLACY@KYLEPLACY69 @KYLEPLACY PROCESS PEOPLE PERSONA PERFORMANCE
  63. @KYLEPLACY@KYLEPLACY70 @KYLEPLACY We believe providing (individual) with this (service) will result in this (outcome). We will know this when we see (measureable result). @JimKalbach
  64. @KYLEPLACY@KYLEPLACY71 @KYLEPLACY Your PEOPLE should develop and re-develop your PERSONAS and PROCESSES to improve PERFORMANCE.
  65. @KYLEPLACY@KYLEPLACY72 @KYLEPLACY One last thing…
  66. @KYLEPLACY@KYLEPLACY73 @KYLEPLACY You are not marketers
  67. @KYLEPLACY@KYLEPLACY74 @KYLEPLACY You are not marketers growth hackers
  68. @KYLEPLACY@KYLEPLACY75 @KYLEPLACY You are not marketers growth hackers CEO social media ninjas
  69. @KYLEPLACY@KYLEPLACY76 @KYLEPLACY You are not marketers growth hackers CEO social media ninjas digital marketing savants or growth hackers
  70. @KYLEPLACY@KYLEPLACY77 @KYLEPLACY You are experience makers and managers.
  71. @KYLEPLACY@KYLEPLACY78 @KYLEPLACY It is the only thing that makes you relevant.
  72. @KYLEPLACY@KYLEPLACY79 @KYLEPLACY @kyleplacy Thank you!

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  • Chris: Evolve based on what we normally show for the last slide.

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