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Digital Marketing Strategy
Truths & Fairy Tales
cc: Freydís - https://www.flickr.com/photos/22329928@N08
George Tsiakas
Digital Marketing Leader
June 2019 Email: gtsiakas1@gmail.com
Agenda
• Communication Types
• Online Media Types
• The Heart of all Digital Strategy
• Metrics Framework
• KPIs & Benchmarking
cc: Garidy Sanders - https://unsplash.com/@garidy_sanders?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
Digital Communication?
What is
cc: andrewrennie - https://www.flickr.com/photos/29712408@N02
Creating & Distributing
Messages across different
Online Media
cc: porschelinn - https://www.flickr.com/photos/54144062@N03
Creating Messages?
of what Kind?
cc: PG.NETO - https://www.flickr.com/photos/56537422@N04
3 Types
of Messaging Online
cc: familymwr - https://www.flickr.com/photos/36196762@N04
Messaging Through:
• Image
• Video
• Text (Text can also
complement the above)
cc: immaterial.labour - https://www.flickr.com/photos/81366563@N00
Where do we Put them?
Ok we have Produced the Creatives
cc: jamuraa - https://www.flickr.com/photos/93097232@N00
Online Media?
What do you mean?
cc: Jason A. Howie - https://www.flickr.com/photos/40493340@N00
3 Categories
of Online Media
cc: jah~ - https://www.flickr.com/photos/23019891@N00
Owned Media
• A Channel the Brand Controls
• It is Owned by the Company
cc: osde8info - https://www.flickr.com/photos/8764442@N07
Owned Media
• Websites
• Facebook Fan Pages
• Youtube Channels
• Mobile Applications
cc: R4vi - https://www.flickr.com/photos/51782720@N00
Paid Media
• Advertising Messages served
through Paid Channels
(through Publishers)
cc: Www.CourtneyCarmody.com/ - https://www.flickr.com/photos/41185766@N03
Paid Media
• Paid Search
• Paid Social
• Display
• Partnerships/ Reservations
cc: JD Hancock - https://www.flickr.com/photos/83346641@N00
Earned Media
• User Sharing
• User Generated Content
(UGC)
• User Word of Mouth (WOM)
cc: rrmhtml - https://www.flickr.com/photos/99605221@N00
Earned Media
• User Shares, Comments,
Reviews, Articles, Blog Posts,
Social Media posts
cc: luc legay - https://www.flickr.com/photos/49503019876@N01
LETS STRATEGIZE!
NOW WE KNOW WHERE & HOW TO PLAY SO,
cc: Val Vesa - https://unsplash.com/@adspedia?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
DIGITAL STRATEGY
THE HEART OF ALL
cc: JD Hancock - https://www.flickr.com/photos/83346641@N00
NOPE. ITS PLAIN AND SIMPLE
IS IT ROCKET SCIENCE?
cc: Great Beyond - https://www.flickr.com/photos/26104563@N00
Sources:
https://www.smartinsights.com/traffic-building-strategy/offer-and-message-development/aida-model/
https://en.wikipedia.org/wiki/AIDA_(marketing)
• The AIDA model is one
of the longest serving
models used in
advertising
• Developed in the late
nineteenth century.
• Aims to describe the
stages that occur from
the time when a
consumer first
becomes aware of a
product or brand,
through to the point of
action or purchase.
Sources:
https://www.smartinsights.com/traffic-building-
strategy/offer-and-message-development/aida-model/
https://en.wikipedia.org/wiki/AIDA_(marketing)
• Awareness: The customer
becomes aware of a category,
product or brand (usually
through advertising)
• Interest: The customer
becomes interested by
learning about brand benefits
& how the brand fits with
lifestyle
• Desire: The consumer
develops a favorable
disposition towards the
brand
• Action: The consumer forms
a purchase intention, shops
around, engages in trial or
makes a purchase
DIFFERENT NAMES OVER TIME
AIDA MODEL GAINED MANY
The Principles stay the same
Awareness/ Acquisition
Engagement
Conversion
Retention
Create visibility of our
content/ messaging to
the Right Target
Audience
Create, Optimize & distribute
content/ messaging to
engage our audience where
possible
Use consumer data signals to
drive traffic to e-retailer
product pages
Retain the Users for Future
Communications
TIME TO BUILD A METRICS FRAMEWORK
RIGHT, YOU NOW HAVE THE FUNNEL
cc: kenteegardin - https://www.flickr.com/photos/26373139@N08
Question Funnel Stage Metrics
Do people know the product/ service? Awareness Video Views
Facebook Reach
Mobile Application DAU & MAU
Did people care about it? Engagement Video Average Watchtime (minutes)
Time in App
Time on Website
Were people influenced by it? Conversion ROAS (Return on Advertising Spend)
CPC (on Facebook)
CTR (on Conversion Media)
What is those people Value over time? Retention Customer Retention Rate
Customer Lifetime Value
Metrics Framework Example: 11 Metrics that Matter
WHAT DO YOU NEED TO DO?
RIGHT, YOU NOW HAVE THE METRICS THAT MATTER
cc: ThomasThomas - https://www.flickr.com/photos/74078214@N00
SET UP KPIs/ TARGETS
THROUGH BENCHMARKING
cc: PeterThoeny - https://www.flickr.com/photos/98786299@N00
HOLD ON!
cc: andres.thor - https://www.flickr.com/photos/9910344@N05
FAIRY TALES HERE...
...I HAVE HEARD THERE ARE
cc: arellis49 - https://www.flickr.com/photos/93119419@N00
THE PROBLEM
AN EXAMPLE ON DIGITAL MEDIA…
cc: Lst1984 - https://www.flickr.com/photos/21245573@N00
BENCHMARKS & KPIs?
HOW DO WE DEFINE
cc: hjl - https://www.flickr.com/photos/92605333@N00
WE CAN'T
cc: boltron- - https://www.flickr.com/photos/46213661@N00
THE RESULT?
cc: Lisa Brewster - https://www.flickr.com/photos/9031691@N08
IN APPROXIMATION
WE ARE CURRENTLY PLANNING & EXECUTING
cc: _Max-B - https://www.flickr.com/photos/72458661@N00
WHY WE CAN'T?
cc: rishibando - https://www.flickr.com/photos/27590002@N04
TV vs DIGITAL
"BENCHMARKING"
cc: launceston_lad - https://www.flickr.com/photos/61364433@N00
TV (Vast Majority Across the Globe)
• Media Scene: PRECISE
• Share of Spending (SOS): PRECISE
• Share of Voice (SOV): PRECISE
• Main Metric: GRP's PRECISE
• Markets Activity: TRACKED,
RECORDED
cc: Iman Mosaad - https://www.flickr.com/photos/42030962@N07
DIGITAL MEDIA (Across the Globe)
• Media Scene: IMPRECISE
• Share of Spending (SOS): N/A
• Share of Voice (SOV): N/A
• Main Metrics: A Gazilion of them
Depending on the Case - All Precise but
Needs Human Intervention to make
direct comparisons
• Markets Activity: NOT TRACKED, NOT
RECORDED
cc: Iman Mosaad - https://www.flickr.com/photos/42030962@N07
NOT TRACKED, NOT RECORDED?
WHAT??? MARKETS ACTIVITY
cc: publicenergy - https://www.flickr.com/photos/75424716@N00
WHAT DOES THIS MEAN?
cc: That Dude Eddie - https://www.flickr.com/photos/90710705@N08
AGAINST THE INDUSTRY (SOS) & COMPETITORS (SOV)?
CAN WE "POSITION" OURSELVES ON MEDIA
cc: thelearningcurvedotca - https://www.flickr.com/photos/57756296@N06
TV: WE CAN, DIGITAL: WE CANNOT
VERY SIMPLE:
cc: Gabriel 'Briel' Rocha - https://www.flickr.com/photos/25398881@N04
WORK IN SILOS
...BECAUSE DIGITAL MEDIA ACROSS THE GLOBE
cc: Daniel Kulinski - https://www.flickr.com/photos/7729940@N06
FLYING BLIND
SO, ON DIGITAL MEDIA WE ARE SORT OF
cc: Sprengben [why not get a friend] - https://www.flickr.com/photos/37010090@N04
CAN EFFICIENTLY BENCHMARK & BUILD HIGHLY EFFICIENT KPIs
& there is NO ONE that
cc: zubrow - https://www.flickr.com/photos/58980484@N08
BENCHMARKING IS A FAIRY TALE
WE CAN ONLY MAKE APPROXIMATIONS
cc: chiaralily - https://www.flickr.com/photos/26870279@N04
OK, BUT WHAT CAN WE DO?
cc: Stefan Baudy - https://www.flickr.com/photos/92454606@N00
OUR PERFORMANCE
We can IMPROVE
cc: kevin dooley - https://www.flickr.com/photos/12836528@N00
OUR DIGITAL MEDIA PERFORMANCE
BY TRACKING & RECORDING
cc: StockMonkeys.com - https://www.flickr.com/photos/86530412@N02
BY BENCHMARKING
AGAINST OURSELVES OVER TIME
cc: Daniel Kulinski - https://www.flickr.com/photos/7729940@N06
DRIVE ON-GOING EFFECTIVENESS & EFFICIENCY
WITH THE GOAL TO
cc: rafael-castillo - https://www.flickr.com/photos/7972895@N02
WE WILL USE DATA...
...WHEN WE FINALLY MANAGE TO BENCHMARK LIKE THAT
cc: Dave Dugdale - https://www.flickr.com/photos/37387065@N05
TRUTH
AS THE SINGLE SOURCE OF
cc: Mamihery Razafindramamba - https://unsplash.com/@mamihery?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
TO BENEFIT
cc: luc legay - https://www.flickr.com/photos/49503019876@N01
TOP LINE BENEFITS
• Measure, Compare & Optimize across
Markets/ Brands
• Run future attribution analysis against
other data sets (eg Sales figures)
• Make quick Global, Regional & Local
decisions
• Improve Campaign Efficiencies (eg Cost,
Targeting)
cc: Thomas Hawk - https://www.flickr.com/photos/51035555243@N01
FROM DATA TO WISDOM
TO ULTIMATELY ARRIVE
cc: conekt - https://www.flickr.com/photos/53264726@N00
...WHILST WISDOM ALWAYS
COMES FROM THE TRUTH
cc: Danylo Suprun - https://unsplash.com/@d1n?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
AND THE TRUTH IS
• Marketing your messages Digitally is
simple: 3 Types of Messages can go to 3
Types of Online Media
• The Funnel is the Heart of all Digital
Strategy
• Strategy has to be built on KPIs/ Targets
with a set of Metrics that matter per
Funnel Stage
cc: Thomas Hawk - https://www.flickr.com/photos/51035555243@N01
FAIRY TALES NOW?
SO WHERE ARE THE
cc: Trey Ratcliff - https://www.flickr.com/photos/95572727@N00
GONE?cc: Kenny Luo - https://unsplash.com/@kennyluoping?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit

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Digital Marketing Strategy: Truths & Fairy Tales

  • 1. Digital Marketing Strategy Truths & Fairy Tales cc: Freydís - https://www.flickr.com/photos/22329928@N08 George Tsiakas Digital Marketing Leader June 2019 Email: gtsiakas1@gmail.com
  • 2. Agenda • Communication Types • Online Media Types • The Heart of all Digital Strategy • Metrics Framework • KPIs & Benchmarking cc: Garidy Sanders - https://unsplash.com/@garidy_sanders?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
  • 3. Digital Communication? What is cc: andrewrennie - https://www.flickr.com/photos/29712408@N02
  • 4. Creating & Distributing Messages across different Online Media cc: porschelinn - https://www.flickr.com/photos/54144062@N03
  • 5. Creating Messages? of what Kind? cc: PG.NETO - https://www.flickr.com/photos/56537422@N04
  • 6. 3 Types of Messaging Online cc: familymwr - https://www.flickr.com/photos/36196762@N04
  • 7. Messaging Through: • Image • Video • Text (Text can also complement the above) cc: immaterial.labour - https://www.flickr.com/photos/81366563@N00
  • 8. Where do we Put them? Ok we have Produced the Creatives cc: jamuraa - https://www.flickr.com/photos/93097232@N00
  • 9. Online Media? What do you mean? cc: Jason A. Howie - https://www.flickr.com/photos/40493340@N00
  • 10. 3 Categories of Online Media cc: jah~ - https://www.flickr.com/photos/23019891@N00
  • 11.
  • 12. Owned Media • A Channel the Brand Controls • It is Owned by the Company cc: osde8info - https://www.flickr.com/photos/8764442@N07
  • 13. Owned Media • Websites • Facebook Fan Pages • Youtube Channels • Mobile Applications cc: R4vi - https://www.flickr.com/photos/51782720@N00
  • 14. Paid Media • Advertising Messages served through Paid Channels (through Publishers) cc: Www.CourtneyCarmody.com/ - https://www.flickr.com/photos/41185766@N03
  • 15. Paid Media • Paid Search • Paid Social • Display • Partnerships/ Reservations cc: JD Hancock - https://www.flickr.com/photos/83346641@N00
  • 16. Earned Media • User Sharing • User Generated Content (UGC) • User Word of Mouth (WOM) cc: rrmhtml - https://www.flickr.com/photos/99605221@N00
  • 17. Earned Media • User Shares, Comments, Reviews, Articles, Blog Posts, Social Media posts cc: luc legay - https://www.flickr.com/photos/49503019876@N01
  • 18. LETS STRATEGIZE! NOW WE KNOW WHERE & HOW TO PLAY SO, cc: Val Vesa - https://unsplash.com/@adspedia?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
  • 19. DIGITAL STRATEGY THE HEART OF ALL cc: JD Hancock - https://www.flickr.com/photos/83346641@N00
  • 20. NOPE. ITS PLAIN AND SIMPLE IS IT ROCKET SCIENCE? cc: Great Beyond - https://www.flickr.com/photos/26104563@N00
  • 21. Sources: https://www.smartinsights.com/traffic-building-strategy/offer-and-message-development/aida-model/ https://en.wikipedia.org/wiki/AIDA_(marketing) • The AIDA model is one of the longest serving models used in advertising • Developed in the late nineteenth century. • Aims to describe the stages that occur from the time when a consumer first becomes aware of a product or brand, through to the point of action or purchase.
  • 22. Sources: https://www.smartinsights.com/traffic-building- strategy/offer-and-message-development/aida-model/ https://en.wikipedia.org/wiki/AIDA_(marketing) • Awareness: The customer becomes aware of a category, product or brand (usually through advertising) • Interest: The customer becomes interested by learning about brand benefits & how the brand fits with lifestyle • Desire: The consumer develops a favorable disposition towards the brand • Action: The consumer forms a purchase intention, shops around, engages in trial or makes a purchase
  • 23. DIFFERENT NAMES OVER TIME AIDA MODEL GAINED MANY The Principles stay the same
  • 24. Awareness/ Acquisition Engagement Conversion Retention Create visibility of our content/ messaging to the Right Target Audience Create, Optimize & distribute content/ messaging to engage our audience where possible Use consumer data signals to drive traffic to e-retailer product pages Retain the Users for Future Communications
  • 25. TIME TO BUILD A METRICS FRAMEWORK RIGHT, YOU NOW HAVE THE FUNNEL cc: kenteegardin - https://www.flickr.com/photos/26373139@N08
  • 26. Question Funnel Stage Metrics Do people know the product/ service? Awareness Video Views Facebook Reach Mobile Application DAU & MAU Did people care about it? Engagement Video Average Watchtime (minutes) Time in App Time on Website Were people influenced by it? Conversion ROAS (Return on Advertising Spend) CPC (on Facebook) CTR (on Conversion Media) What is those people Value over time? Retention Customer Retention Rate Customer Lifetime Value Metrics Framework Example: 11 Metrics that Matter
  • 27. WHAT DO YOU NEED TO DO? RIGHT, YOU NOW HAVE THE METRICS THAT MATTER cc: ThomasThomas - https://www.flickr.com/photos/74078214@N00
  • 28. SET UP KPIs/ TARGETS THROUGH BENCHMARKING cc: PeterThoeny - https://www.flickr.com/photos/98786299@N00
  • 29. HOLD ON! cc: andres.thor - https://www.flickr.com/photos/9910344@N05
  • 30. FAIRY TALES HERE... ...I HAVE HEARD THERE ARE cc: arellis49 - https://www.flickr.com/photos/93119419@N00
  • 31. THE PROBLEM AN EXAMPLE ON DIGITAL MEDIA… cc: Lst1984 - https://www.flickr.com/photos/21245573@N00
  • 32. BENCHMARKS & KPIs? HOW DO WE DEFINE cc: hjl - https://www.flickr.com/photos/92605333@N00
  • 33. WE CAN'T cc: boltron- - https://www.flickr.com/photos/46213661@N00
  • 34. THE RESULT? cc: Lisa Brewster - https://www.flickr.com/photos/9031691@N08
  • 35. IN APPROXIMATION WE ARE CURRENTLY PLANNING & EXECUTING cc: _Max-B - https://www.flickr.com/photos/72458661@N00
  • 36. WHY WE CAN'T? cc: rishibando - https://www.flickr.com/photos/27590002@N04
  • 37. TV vs DIGITAL "BENCHMARKING" cc: launceston_lad - https://www.flickr.com/photos/61364433@N00
  • 38. TV (Vast Majority Across the Globe) • Media Scene: PRECISE • Share of Spending (SOS): PRECISE • Share of Voice (SOV): PRECISE • Main Metric: GRP's PRECISE • Markets Activity: TRACKED, RECORDED cc: Iman Mosaad - https://www.flickr.com/photos/42030962@N07
  • 39. DIGITAL MEDIA (Across the Globe) • Media Scene: IMPRECISE • Share of Spending (SOS): N/A • Share of Voice (SOV): N/A • Main Metrics: A Gazilion of them Depending on the Case - All Precise but Needs Human Intervention to make direct comparisons • Markets Activity: NOT TRACKED, NOT RECORDED cc: Iman Mosaad - https://www.flickr.com/photos/42030962@N07
  • 40. NOT TRACKED, NOT RECORDED? WHAT??? MARKETS ACTIVITY cc: publicenergy - https://www.flickr.com/photos/75424716@N00
  • 41. WHAT DOES THIS MEAN? cc: That Dude Eddie - https://www.flickr.com/photos/90710705@N08
  • 42. AGAINST THE INDUSTRY (SOS) & COMPETITORS (SOV)? CAN WE "POSITION" OURSELVES ON MEDIA cc: thelearningcurvedotca - https://www.flickr.com/photos/57756296@N06
  • 43. TV: WE CAN, DIGITAL: WE CANNOT VERY SIMPLE: cc: Gabriel 'Briel' Rocha - https://www.flickr.com/photos/25398881@N04
  • 44. WORK IN SILOS ...BECAUSE DIGITAL MEDIA ACROSS THE GLOBE cc: Daniel Kulinski - https://www.flickr.com/photos/7729940@N06
  • 45. FLYING BLIND SO, ON DIGITAL MEDIA WE ARE SORT OF cc: Sprengben [why not get a friend] - https://www.flickr.com/photos/37010090@N04
  • 46. CAN EFFICIENTLY BENCHMARK & BUILD HIGHLY EFFICIENT KPIs & there is NO ONE that cc: zubrow - https://www.flickr.com/photos/58980484@N08
  • 47. BENCHMARKING IS A FAIRY TALE WE CAN ONLY MAKE APPROXIMATIONS cc: chiaralily - https://www.flickr.com/photos/26870279@N04
  • 48. OK, BUT WHAT CAN WE DO? cc: Stefan Baudy - https://www.flickr.com/photos/92454606@N00
  • 49. OUR PERFORMANCE We can IMPROVE cc: kevin dooley - https://www.flickr.com/photos/12836528@N00
  • 50. OUR DIGITAL MEDIA PERFORMANCE BY TRACKING & RECORDING cc: StockMonkeys.com - https://www.flickr.com/photos/86530412@N02
  • 51. BY BENCHMARKING AGAINST OURSELVES OVER TIME cc: Daniel Kulinski - https://www.flickr.com/photos/7729940@N06
  • 52. DRIVE ON-GOING EFFECTIVENESS & EFFICIENCY WITH THE GOAL TO cc: rafael-castillo - https://www.flickr.com/photos/7972895@N02
  • 53. WE WILL USE DATA... ...WHEN WE FINALLY MANAGE TO BENCHMARK LIKE THAT cc: Dave Dugdale - https://www.flickr.com/photos/37387065@N05
  • 54. TRUTH AS THE SINGLE SOURCE OF cc: Mamihery Razafindramamba - https://unsplash.com/@mamihery?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
  • 55. TO BENEFIT cc: luc legay - https://www.flickr.com/photos/49503019876@N01
  • 56. TOP LINE BENEFITS • Measure, Compare & Optimize across Markets/ Brands • Run future attribution analysis against other data sets (eg Sales figures) • Make quick Global, Regional & Local decisions • Improve Campaign Efficiencies (eg Cost, Targeting) cc: Thomas Hawk - https://www.flickr.com/photos/51035555243@N01
  • 57. FROM DATA TO WISDOM TO ULTIMATELY ARRIVE cc: conekt - https://www.flickr.com/photos/53264726@N00
  • 58. ...WHILST WISDOM ALWAYS COMES FROM THE TRUTH cc: Danylo Suprun - https://unsplash.com/@d1n?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit
  • 59. AND THE TRUTH IS • Marketing your messages Digitally is simple: 3 Types of Messages can go to 3 Types of Online Media • The Funnel is the Heart of all Digital Strategy • Strategy has to be built on KPIs/ Targets with a set of Metrics that matter per Funnel Stage cc: Thomas Hawk - https://www.flickr.com/photos/51035555243@N01
  • 60. FAIRY TALES NOW? SO WHERE ARE THE cc: Trey Ratcliff - https://www.flickr.com/photos/95572727@N00
  • 61. GONE?cc: Kenny Luo - https://unsplash.com/@kennyluoping?utm_source=haikudeck&utm_medium=referral&utm_campaign=api-credit