Generative AI on Enterprise Cloud with NiFi and Milvus
Sam Ruchlewicz for PRAXIS 2018
1. W E L C O M E !
Measuring the Impact of Stories
One of the most frequent complaints/challenges I hear from both clients and colleagues is the lack of a framework for
measuring the impact of marketing efforts – including storytelling - on an organization’s overall marketing and business
strategy.
1
2. VP - Warschawski
Warschawski is a global, full-service marketing communications
agency headquartered in Baltimore, MD with offices in NYC and
Washington, DC.
3. HELLO,
LET ME INTRODUCE MYSELF…
I’m Sam. I have a fairly non-traditional background in finance, but I currently manage all
digital marketing & data analytics initiatives & accounts for Warschawski. I’m on the
faculty at Betamore Academy, Cabrini University & Johns Hopkins & teach graduate level
courses on a variety of topics. I’m also involved in the start-up community and love all
things ice hockey and football (the American version)
STRATEGY DIGITAL
MEASUREME
NT
LinkedIn
/in/samruchlewicz
Twitter
@samruchlewicz
E-mail
Sam.ruchlewicz@warschawski.com
4. PEOPLE DON’T READ ADS.
PEOPLE READ WHAT INTERESTS
THEM.
Howard Gossage
5. PEOPLE LIKE STORIES
Stories are more than just entertainment – from an evolutionary standpoint, they are essential for communicating knowledge, shaping
attitudes, creating social norms and fostering social cooperation – in short, most of the things that make us human. In fact, the human
mind is wired to divert attention and precious resources to character-centric narratives – which, in turn, causes a host of biochemical
reactions that ultimately result in our being more inclined to take actions.
6. 6
WE HAVE FOR A LONG TIME
In fact, some researchers from MIT
analyzed 1,327 different works of
fiction from the Project Gutenberg
library using sentiment analysis –
and found that nearly all of them
followed one of six emotional arcs
or trajectories – and almost all of
them follow a similar narrative
pattern
STORIES FOLLOW PATTERNS
7. 7
CONNECT & ENGAGE
Stories allow us to forge a human, personal connection in
an increasingly digital, impersonal world
WHAT DO
STORIES DO?
What is the point of telling stories? How do they
help us capture our prospect’s attention, captivate
them with our messages and convert them into loyal,
paying customers?
INFORM & EDUCATE
Humans retain exponentially more information from a
story than from a mere recitation of facts – allowing
brands to inform and educate consumers simultaneously
INSPIRE ACTION
Engaging stories naturally cause audiences to empathize
with the characters and they trigger the same
biochemical activity as if the audience was experiencing
the story first-hand – providing a perfect opportunity to
drive action
LOVE & LOYALTY
Stories are memorable experiences – they bring us
closer to brands and forge the types of emotional
connections that countless studies have linked to brand
loyalty and preference. Your challenge is to determine
what stories do this best.
8. 8
Biologically, humans are wired to detect
patterns – whether or not they are there.
Stories play into that need, constantly
generating and releasing tension in a
(fairly) predictable way. In fact, studies
show that stories generate both cortisol
and oxytocin.
ATTENTION
We’ve all seen the movie Inception, right?
Where an idea implanted in a person’s mind
goes on to shape their reality? Well, the
same thing happens with stories. We
remember them. We internalize them. And
we use them as bases for action in the future
– consciously or not.
BELIEF
Stories can be up to 22x more memorable
than facts and figures alone – likely
because (1) stories engage our entire brain
and (2) our ability to use them has been
selected for over thousands of years of
evolution
MEMORABILITY
Humans are wired to feel stories as if they
are experiences; stories stimulate the entire
brain – not just the parts associated with
language.
Stories, then, engage the entire brain –
which is both memorable and emotive.
EMOTION
S T O R I E S & M A R K E T I N G
9. WHY ARE WE
HERE?
Since stories are so wonderful and great, so ingrained in our history and our
biology, then why are we here? Clearly they are effective.
But it doesn’t matter what we know. It matters what we can prove.
11. H O W T H E P R O B L E M S T A R T S
11
Someone – usually in the marketing department or
the C-Suite – insists that the company begin
incorporating ”stories” in communications - for
whatever reason
THE DRIVER
Everyone jumps & starts creating
stories galore. We share them on
social, we use them in ads, we publish
them everywhere we can. Things are
good.
WE TELL STORIES!
No one has good answers to the good
questions – and no one knows where to get
them. Things are decidedly NOT good.
HOW DID WE GET
HERE?
The problems peak the attention of some HIPPOs –
who starts asking questions about the storytelling
program. Why are we doing it? How has it helped us?
Should we be doing more? Doing less? Where does it
fit in our sales & marketing strategy?
QUESTIONS ARISE
Excitement fades. Buyers’ remorse sets in.
Stories cease to have the impact they once did.
Complaints or customer service issues may start.
No one is sure what stories to tell, or how to tell
them. Inconsistencies arise.
UH-OH
12. 12
“We’re spending a fortune on these
‘Content Marketing’ consultants – and I
don’t even know what they’re doing!”
“What do all of these metrics mean? Is
it good if more people “like” our new
brand video? How do I read these
reports? What is useful here?”
“The CEO says we NEED to be on
Social Media, but I don’t know what we
need to do on there or how it helps us
sell our products & services.”
”Our SEM is converting through the
roof! We should just fire those content
guys and spend all of our money on
that!”
T H E P R O B L E M
Most marketers – about 61% according to a HubSpot survey, to be exact – cite content marketing (including
storytelling) as a “go-to” marketing tactic. The problem arises when those marketers are asked to quantify the value
of the outcomes produced as a result of those efforts.
13. R E P O R T I N G
There are simply too many “metrics” being thrown around – and there is too little emphasis on identifying and solving for the ones that
actually matter to the bottom line.
And unless you have clarity of your goals, there is simply no way that you’ll be able to quantify the value of your
marketing/media/storytelling/social/digital efforts – let alone justify the budgets supporting them to C-Suite executives
ENGAGEMENT
RATE
What does this even mean? FOLLOWER
SWhat are they good for?
REACH
Who here knows that this
is a calculated metric?
UNIQUE
VISITORS
CPM
SENTIMENT
COMMENTS
13
IMPRESSIO
NS
AVE
CPV
C LIC KS LIKES
SHARES
14. 14
WHO
CARES?
What is the value of a story to your business? How does the
number of ‘likes’ on brand story help you achieve your goals on
social or other channels? And most importantly, how are the stories
your company is telling helping you achieve your bottom-line goals?
16. T H R E E B I G Q U E S T I O N S
16
HELP THE
BUSINESS?
HOW DO
YOU KNOW?
IS IT WORTH
IT?
WHAT ROLE DO STORIES
PLAY?
For humans, stories can be a connector, an educator,
and an entertainer. For business, the roles stories
play are likely different – is it a converter, an informer,
an engager? What are stories doing to help you
engage, captivate and convert your target audience
into real, paying, profitable customers?
WHAT IS SUCCESS?
Storytelling is a marketing investment –
even if you are just sharing content you
already have. There’s time, creative,
design, review, etc. So, how do you know
this is time/resources well spent? What
does success look like? How does that
success help your bottom line?
WHAT STORY TO TELL?
This is one of those questions most people
don’t both to ask – everyone assumes that
since people are social storytellers,
businesses should follow suit. But does
that make sense for your brand?
17. HOW DO YOU
KNOW?
The four words that will forever change your life as a marketer, social media
guru, analytics junkie, brand evangelist, whatever.
18. THE (BIG)
PROBLEM SOUND FAMILIAR?
Marketing Team: Traffic is up across every channel! CTR is up,
CPC is down for our paid search campaigns, overall content
marketing/storytelling efforts are a HUGE SUCCESS! Lots of ROI!
Executives: Great! But how does this impact our expected
earnings for Q2?
Marketing Team: Well, our brand story video generated 65% more
engagement on social over last year!
Executives: …..
19. 19
METRIC DISCONNECT
Content/Social metrics don’t correlate to business outcomes
2 UNCLEAR STRATEGY
Regarding how storytelling is expected to contribute
3 NO COORDINATION
Across teams and departments regarding content/story
4 BAD THINGS HAPPEN
There’s a reason CCOs & CMOs have the shortest tenure
in the C-suite. And there’s a reason the average agency
relationship lasts less than 18 months
P U T A N O T H E R
W A Y
Most marketers have absolutely no idea what contribution (if any) storytelling
efforts are making to their bottom line – and no idea how to figure it out.
Lack of clarity here = a lack of understanding in what stories to tell
1
21. 21
S T O R I E S
TACTILE
Humans feel stories in a personal, human way
MOTIVATIONAL
Stories are natural motivators – whether that be to
remember, to buy or to share. They inspire action
INNATE
Humans have a unique, innate predisposition to see
patterns – and stories align nicely with that tendency
VIRAL
Stories are shareable because they are memorable – once
we see the pattern of the story, we can easily share it
EVERGREEN
We’ve been telling versions of the same story for millennia
– and we’ll likely continue doing it forever.
Why do we tell them?
What do they do?
How do they help?
22. T H I N G S W E C A R E A B O U T
22
AWARENESS TRUST THOUGHT
LEADERSHIP
PERCEPTION
CREDBIILITY CUSTOMERS SALES PROFIT
23. 23
PREFERENCE DEAL SIZE DEAL VELOCITY LIFETIME VALUE
Why do we buy from one brand
over another? Why do we trust
one bank over all of the others?
Why do we pay more for Apple
or Starbucks?
Small deals are nice – big deals
are nicer. Stories not only help
close the sale, they help us
cross-sell or upsell, increasing
overall transaction revenue.
Stories are natural motivators –
they inspire action. In business
terms, a story that resonates is
likely to encourage buyers to
make purchases now.
Stories create emotional
connections – which tends to
result in higher LTV (ask
Starbucks) and increased
customer loyalty
WHICH DRIVE
25. 25
H O W I T S H O U L D
B E
Storytelling measurement doesn’t need to be a foreign
concept or something that “just has value” – we can (and
should) quantify how effective our stories are so we know
which ones to tell (and which ones to not).
P R I O R I T Y 1
P R I O R I T Y 2
P R I O R I T Y 3
BUSINESS GOALS
ALIGNED METRICS
PROFITABLE
REALITY
What do we expect Stories to do for us?
That allow us to see if stories are meeting our
goals
The thing we’re all looking to find
26. A BETTER WAY
I’ve been obsessed with thinking about this situation – and I’m convinced there
is a better way to do this. Because as marketers and communicators, we’re
creating a TON more value than we’re getting credit. And that needs to change.
28. 1 2
3 4
28
The things we count – like
impressions, site visits, followers,
retweets, etc.
VANITY METRICS
Better-than-vanity metrics (like CTR,
CPV, etc.) that provide some context to
vanity metrics and allow us to better
understand what is happening, maybe
in real-time
PERFORMANCE
METRICS
Connecting metrics to KPIs and looking for
interesting relationships; segmentation
across different performance metrics;
statistical analysis
INSIGHT DRIVEN
A complete, quantified understanding
of how our marketing organization is
performing relative to the user’s intent
and what is likely to happen next.
PREDICTIVE,
END-TO-END
OUTCOMES
A VISION FOR
MEASUREMEN
T
30. OBSESS ABOUT
INTENT
You can’t judge every visitor by a transaction or every new customer by their
LTV – that’s not materially different from judging a fish by its ability to climb a
tree.
Stories should be designed to meet people where they are and take them to
where they want to go – which is why we need to measure every stage of the
process and obsess about intent.
31. 31
1
2
3
4
SEE
Largest Addressable Qualified Audience
THINK
Largest Addressable Qualified Audience with some
commercial intent
DO
Largest Addressable Qualified Audience with A LOT of
commercial intent
CARE
Customers with at least TWO transactions
F R A M E W O R
K S
Here is one (incredibly useful) framework for doing
exactly that – developed & made popular by Avinash
Kaushik at Google. I use it in more detail on the
following slide
32. A C Q U I S I T I O
N
B E H AV I O R
O U T C O M E S
SEE THINK DO CARE
MARGINAL
INCREASE IN
SEARCH
I.I. BRAND
RECALL
CONVERSION
RATE
AMPLIFICATION
APPLAUSE
CONVERSATION
MICRO-
CONVERSION
LOYALTY
RATIO
LTV PER
CUSTOMER
PROFIT
PER PLACEMENT
& USER
MICRO-
CONVERSION
SITE
ENGAGEMENT
REPEAT VISITORS
PER PLACEMENT
VIRAL
COEFFICIENT
32
33. B E T T E R M E T R I C S
33
BRAND
PERCEPTION
PERMANENCE II PURCHASE
PROB.
ECONOMIC
VALUEDoes the story create an
emotional connection with your
brand? Do those people who
hear/see/experience it tend to
think of your brand more
favorably after the story?
The average individual sees
upwards of 5,000 brand
messages a day – so how long
does that story remain in their
mind? How memorable is it?
Does your story inspire
action? Do the individuals who
see/hear/experience your story
exhibit a higher propensity to
purchase than those that don’t?
The holy grail - the true value of
your story to your company,
broken down in bottom-line
terms. In other words, is this
a profitable endeavor?
34. 34
OTHER AWESOME
METRICS
These are just some of the metrics that can be used to calculate the
value of stories – and I’m sure there are many more
PROFIT PER
PLACEMENT
OR STORY
APPLAUSE
AMPLIFICATION
CONVERSATION
RELATIVE
CONVERSION
TIME
MARGINAL
INCREASE
IN SEARCH
PURCHASE
INTENT LIFT
INCREMENTAL
INCREASE IN
BRAND
RECALL
INCREMENTAL
INCREASE IN
DOMAIN
AUTHORITY
MARGINAL
INCREASE IN
INFLUENCER
SCORE
UNIQUE
ENGAGED
USERS
THOUGHT
LEADERSHIP
INDEX
CONVERSATIO
N RATE PER
STORY OR
CHANNEL
VIRAL
COEFFICIENT
LOYALTY
RATIO
35. 1 2 3
M E T R I C S A R E N O T E N O U G H
35
Metrics alone will not tell you the degree
to which a particular story or campaign
or whatever actually added real value –
after all, you were going to convert
some customers anyway. Seek to
quantify incremental value added –
don’t succumb to post hoc, ergo propter
hoc
QUANTIFY VALUE
ADDED
QUANTIFY
While we all LOVE quantitative data,
many of the game-changing insights lie
in the qualitative realm – the comments,
the reviews, the tweets. Incorporating
qualitative data with quantitative can
yield incredible insights into what stories
are resonating – and which ones aren’t.
QUALITATIVE
MATTERS
FEEL
Every great brand is continually refining
the stories it tells based on customer
feedback – both overt (collected) and
implied (clickstream/monitoring) – and
you should do the same. After all,
people do lie to us (I know you’re
shocked)
TEST, TEST, TEST
EXPERIMEN
T
36. 36
T H E Q U A L I T A T I V E S I D E
So any attempt to quantify their impact must take into account the positive (or negative) emotions they
create within your target audience. Luckily, we live in a world where most people post their feelings
online regularly – and tend to do so all the time. Sentiment Analysis provides a powerful tool for
marketers to understand the qualitative side – and even predict which ads will be most successful
STORIES DO MORE THAN IMPACT NUMBERS OR
PURCHASES
37. E C O N O M I C V A L U E M E T H O D S
37
COMPARABLES ONLINE/OFFLINE FINANCE WITH & WITHOUT
Use your company’s
established models for
comparable
tactics/channels/whatever. Take
it. Use it.
Tag all of the “leads” generated
online (coupons, forms, offers,
unique phone number, etc.) in
the CRM, wait 1.5 sales cycles
and pull the results.
Finance/Accounting should be
your BFF. They have a ton of
models that you can use to
evaluate everything, from LTV
to Expected Value to ROI. And
they know how much other
areas of marketing pay for
comps.
“With & Without You” is actually
a borrowed sport-stat reference
meant to capture the value of a
player based on how (s)he
impacts the play of teammates.
39. W E C A N M E A S U R E T H A T , T O O
39
Social Listening
L Sentiment
Analysis
S
Digital
Platforms
D Network
Analysis
N
We’re fortunate to live in an age when
everyone – from a small child to a
grandparent – has the ability (and in
the inclination) to post their thoughts
and feelings – all the time.
It has never been easier to understand
how key members of your target
audience are feeling about your story,
ad or brand
Sentiment Analysis allows us to better
understand the content and context of
conversations at scale
Network Analysis allows us to quickly
understand the nature of influence –
who is connected to who, how
influential various people are and how
likely a story is to resonate
40. 1
2
3
4
5
40
WHAT ARE
STORIES?
To put it simply: they are a better way of earning the attention
of your target audience. So measuring their impact is as
simple as measuring the impact of every other ad
Structure
A Test
Launch
the
Creative Calculate
The
Increment
Translate to
Bottom-
Line
Outcomes
Calculate
ROI or
ROAS
42. MEH.
Basic Facebook & Analytics reports provide little real value – and a ton of ”vanity” marketing metrics.
None of this tells us how effective our stories (or anything, really) are at engaging, inspiring or converting our prospects into customers.
43. PRETTY GOOD!
We can see the per session value for each channel – as well as the fact that social (in this case)
is dramatically under-performing relative to other channels like paid search and affiliates.
But this doesn’t show us how effective our stories are – it simply shows us channels. Not as helpful, but it is better than the FB/GA
defaults. And drilldowns into this report might reveal that specific messaging/campaigns are better than others.
46. QUITE HELPFUL
These graphs (all provided courtesy of Facebook & Nielsen) show us how effective our stories are – and how long a prospect must be
exposed to them before we can expect to see effects to recall, awareness & purchase intent.
The graph at right shows us how significant each tactic is (FB, TV, both) at generating purchase intent.
47. EVEN BETTER
One of the big questions marketers need to ask is how often a prospect needs to be exposed to a story before an effect
(awareness/recall/purchase intent) is created – which is answered by the chart at left. Knowing this, we can optimize delivery of ads to
maximize effect and minimize cost.
The chat at right shows us just how powerful stories can be – a sequence of three ads generates 8x lift over three sustained ads
52. One of AirBnB’s greatest challenges was
convincing customers that it was OK to stay
in people’s houses – and convincing
homeowners that it was safe to have guests
CONNECTIONS
AirBnB launched in 2007 with a goal to
radically change travel & lodging – by
creating a peer-to-peer rental system
INNOVATION
There’s also the profit component of this –
could AirBnB scale this new concept into a
profitable business, all while competing with
traditional hotel marketing powerhouses?
NUMBER ONE
53. 53
2 IMPORTANT GOALS
Airbnb quickly learned that stories could help them achieve two (equally) important goals: (1) create
emotional connections between guests & hosts, thereby increasing bookings and (2) make it easy for
hosts to get started, thereby increasing supply to meet demand
Airbnb had a rough start – after the first year, the company was making
less than $1,000 a month ($12,000/year) in reservation fees. Times were
tough – and the company resorted to selling cereal to raise capital
ROUGH START
One of the major complaints with the platform was that the pictures –
and the stories – were lacking. Prospective renters couldn’t “see
themselves” staying at various properties, which discouraged booking
COULD STORIES HELP?
54. V I S U A L S T O R I E S
54
Airbnb’s three co-founders became “self-taught” photographers, traveling regularly from San Francisco
(where the company was based) to NYC (where the most rentals were located) in order to meet with
customers and take “professional” pictures of Airbnb properties
55. S O C I A L C O N V E R S A T I O N
55
Airbnb invests in professional
photographers for listings; sees
2x jump in reservations
TURNING POINT 1
Airbnb launches ”experiences”
for hosts/travelers to connect in
more meaningful ways
TURNING POINT 2
57. 0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2009 2010 2011 2012 2013 2014 2015 2016 2017
Airbnb
launches ”experiences” for
hosts/travelers to connect in
more meaningful ways
TURNING POINT 2
N E W Y E A R S B O O K I N G S
57
Airbnb invests in
professional photographers
for listings; sees 2x jump in
reservations
TURNING POINT 1
58. 58
ANNUAL BOOKINGS &
REVENUE
One of Airbnb’s initial user complaints was that properties were not desirable – and it was difficult to
determine what it would ”feel” like to say at one of these properties.
In short: there was no personal, emotional connection between host & guest
$-
$200,000,000.00
$400,000,000.00
$600,000,000.00
$800,000,000.00
$1,000,000,000.00
$1,200,000,000.00
$1,400,000,000.00
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
0
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
Room Nights Revenue
Airbnb invests in
professional photographers
for listings; sees 2x jump in
reservations
TURNING POINT
59. 59
AIRBNB IS A GLOBAL
PHENOMENON
The number of Airbnb properties by continent, 2018
North America
South America
Europe
Africa
Asia
Oceania
1.2
M
250
k
1.8M
100
k
600
k
250
k
60. K E E P I N G I T G O I N G
60
Airbnb has fully committed to its brand story – helping guests “experience
places like a local” – and that is reflected in every aspect of the UX
“LIKE A LOCAL”
Expanding on this success, Airbnb launched “experiences” in 2017, where
guests can learn to make pasta from an chef in Italy or hike with wolves in
Portland. You choose the experience, Airbnb brings it to life (profitably!)
EXPERIENCES
Finally, there are stories – which Airbnb launched in 2018. These allow
guests to share their trip with others, and hosts to create powerful, lasting
emotional connections
STORIES
61. 1 2
3 4
61
Airbnb’s team of marketers & data
scientists is constantly testing image,
copy & host information to see what
performs best & generates bookings
TESTING
The company has built several
algorithms to continually scan reviews
and recommendations - helping to
determine which stories resonated and
which reservations delivered
memorable, positive experiences
NLP & REVIEWS
While historical data is helpful, what really
moves the needle for businesses is
forecasting – being able to approximate the
impact of proposed changes -- which is
exactly what Airbnb does every day
FORECASTING
IMPACT
Armed with all of this data, Airbnb
makes it easy for photographers to
take the best photos, for hosts to
incorporate the best features and for
users to find exactly the property they
are looking for – keeping them
engaged in the story and coming back
for more
PRESCRIPTIVE
MODEL
ALWAYS
MEASURING
IMPACT
63. This story was created to speak directly to
core Nike target audiences – Millennials,
African Americans, etc.
AUDIENCE
One of Nike’s over-arching goals in this
campaign was to leverage an existing social
conversation in the US within their brand
storytelling efforts
CONVERSATION
As a major player in a highly elastic, short-
sales-cycle space, Nike was searching for a
way to boost revenue immediately
REVENUE
64. 64
Story within a Story
Engineered To Appeal
Ready For Backlash
Plan To Calculate Impact
A DIFFERENT
KIND OF STORY
In the “Kaepernick Campaign”, Nike took a
powerful stand and aligned its brand with a
divisive individual and a (possibly) more divisive
social issue. What does this tell us about
storytelling? And how can we measure impact
65. 1
2
3
65
PRETEST
REPORT
Nike pre-tested the “Dream Crazy”
Kaepernick campaign – and it almost wasn’t
launched because of the results from ABX
Overall Score of 94
(Below Average)
The Campaign’s Clarity &
Brand Scores were Dismal
Strong “Talk” Scores Indicated
Backlash Was Likely
66. B E F O R E & A F T E R
66
Nike Favorability
Strong Favorable Favorable Neutral Negative
Nike Favorability
Strong Favorable Favorable Neutral Negative
BEFORE AFTER
69. 69
The online reaction was swift – and negative – to Nike’s Kaepernick campaign. But that’s not our entire
story; and Nike was ready for it.
SWIFT NEGATIVE REACTION
72. 72
THE IMPACT
What does all of that translate into? Was this just a conversation-starter
or did this campaign actually product some bottom-line results?
31% Increase in Online Sales (14% Incremental YoY)
$78,696,290 per week in incremental US revenue
$9,507,232,078 Market Capitalization Increase
78. AWESOME!
Same report as above, with RPC (revenue per click) and CPC (cost-per-click) data added –
which allows me to quickly see which clicks/campaigns have the potential to be profitable
(and which ones don‘t!)
79. E V E R Y T H I N G L O O K S
G O O D !
The Power of PowerPoint | thepopp.com 79
All Channels &
Campaigns Profitable!
80. B U T … I S I T R E A L LY ?
80
A Deeper Look – Some
Campaigns Are Net Losses
81. P I P E L I N E V S .
T R A N S A C T I O N
81
Higher Ratios = Pipeline
Potential
Lower Ratios = Trans.
Revenue
82. VA L U E C R E AT E D B Y
C A M PA I G N
82
How much it’s all worth!
83. B O T T O M - L I N E I M PA C T S
83
Higher Ratios = Pipeline
Potential
Lower Ratios = Trans.
Revenue
84. S T O R Y S T R U C T U R E
84
INTRODUCTION COMPLICATION CLIMAX FALLING ACTION DENOUMENT
Freytag’s Pyramid – a structure that we can trace all the way back to Aristotle and the Ancient Greeks – still holds true today;
in fact, a similar structure is found in cultures around the world (Jo-ha-kyū, Kishōtenketsu, etc.)
85. S T O R Y S T R U C T U R E – P A R T 2
85
Nancy Duarte, in her book Resonate, argues that
effective stories – from presentations to advertisements
and beyond – all follow a similar pattern and similar
structure, designed to lead the audience through a
situation using the story’s protagonist as a guide.
The chart at left shows how the experiences of the
audience (in blue) are driven by the actions and
experiences of the protagonist (in grey), all while
following the same general Freytag structure.
This shows how stories can help us understand
problems we didn’t know we had and imagine how
possible solutions might make our lives better.
BRINGING THE AUDIENCE
ALONG
86. S T O R I E S B Y S T A G E
86
LOYALTY
RETENTION
ACTION
INTEREST
ATTENTION
AWARENESS
Does the story increase awareness among
individuals previously unaware of your
brand?
AWARENESS
Does the story generate interest - i.e. some
level of commercial intent – among those
paying attention to it?
INTEREST
Is the story memorable? Do potential
customers who hear the story tend to
remember it? How long does this memory
persist? Is it favorable over time?
RETENTION
Does the story capture the attention of your
target audience? Do they stay engaged?
ATTENTION
Does the story drive action – whether that be
a social media share or a purchase? How
significant is this impact?
ACTION
Are those individuals who remember the
story more likely to be loyal customers?
Does the story increase their likelihood to
recommend to re-purchase? By what
margin?
LOYALTY
87. 87
Storytelling is a business activity
There are very real costs associated with
doing it – including content creation/curation,
promotion and evaluation
Like every other (good) business activity,
storytelling should make a measurable
contribution to your organization’s bottom-
line goals
L E V E L
S E T
88. Everyone loves to be “popular” – and marketers are no different.
Whether it’s page “likes” or the dreaded following-to-follower ratio.
We love to see our stories shared, read & heard.
The problem is that being popular doesn’t pay the bills. And it
doesn’t justify budgets. It just makes us feel good about ourselves.
POPULAR
Every marketer’s dream – the ability to quantify the impact they are
having on the company’s bottom line (and in doing so, justify their
continued existence). How many of your stories are profitable?
PROFITABLE
Hinweis der Redaktion
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H/T: Framework - Avinash Kaushik; Chief Evangelist at Google
For instance: 100 web leads generated, 80 viable, 50 pitched, 20 closed.
Total Revenue: $200,000. Margin: $35,000. Value per lead: $350.
You can do the same thing to value various goal completions:
Segment & Calculate Relative Value (easy)
Run Cross-Market Tests (cease one advertising tactic in a few markets for 1.5 sales cycles; maintain advertising in the others) – measure the outcome
FB Creative Test Infographic – provided by Facebook
FB Creative Test results – provided by Facebook
FB Creative Test Infographic – provided by Facebook; Nielsen Digital Brand Effect Test Example; provided by Neilsen
Sentiment provided by Brandwatch (I believe)
No idea where I found this one
Provided by Proof Analytics (proofanalytics.ai)
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Source: Airbnb public documents
Airbnb
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Nike public filings & various media reports
Found on: http://tomtunguz.com/storytelling-duarte/