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Using Lifecycle Scores for Marketing Optimisation
1. Using Lifecycle Scores for
Marketing Optimisation
Carmen Mardiros
@carmenmardiros
Friday, 28 March 14
2. @carmenmardiros
Customer’s cognitive decision process,
not YOUR marketing funnel.
Post-decision
evaluation
Need
Recognition
Option
Evaluation
Shortlist
Interest
(research)
Decision
(... Some loopbacks and optional steps, but some form of it always exists )
Friday, 28 March 14
3. @carmenmardiros
Where your path crosses that of the
customer...
Post-decision
evaluation
Need
Recognition
Option
Evaluation
Shortlist
Interest
(research)
Decision
... there’s just one goal - Move them to NEXT stage
Friday, 28 March 14
5. @carmenmardiros
See category pages
Actively interact with category pages
See product pages
Actively interact with products
Engage with curated product lists
Read pre-purchase help, tools and features
Add to wishlist
....
Intuitively, valuable behaviours but many
and varied...
Can we aggregate them all in a single
“discovery score”?
Organic PPC
30
350
4
7
21
7
3
13
99
460
7
34
1
1
= Propensity of channel to deliver valuable discovery visits.
Friday, 28 March 14
6. @carmenmardiros
Step 1. How much is each discovery behaviour worth?
Users that interact with
category pages
Out of theses, users that ALSO
add to basket
A B
Discovery score = B/A * 100
(... or the conversion rate for this type of discovery behaviour)
Friday, 28 March 14
7. @carmenmardiros
Step 1. How much is each discovery behaviour worth?
Smoothen out fluctuations by
averaging
over weekly cohorts
Caveat: Would need to split by other dimensions to find the true “value” of a behaviour.
Tedious work until API supports visitor-level segments.
( Better yet, use median or confidence ranges )
Friday, 28 March 14
8. @carmenmardiros
Step 1. How much is each discovery behaviour worth?
Behaviours closer to “Add to basket”
tend to have higher discovery scores
( duh! ).
Channels that drive a mix of high-score
visits are better at moving people to
NEXT stage in the decision process.
Friday, 28 March 14
9. @carmenmardiros
Step 2. Calculating discovery scores when channels
bring a messy mix of visits
score1 * ratio1
+score2 * ratio2
....
Discovery score =
Why this formula? It evens the playing field
(e.g. channels driving more lower-score visits ~ channels driving fewer higher-score visits)
Friday, 28 March 14
10. Use cases:
- Validate intended response from campaigns and messaging
- Uncover true channel purpose
- Identify time-wasters (high engagement, wrong kind of engagement)
- Identify marketing opportunities (low volume, high discovery score)
Friday, 28 March 14
11. Not just for channels...
Functional overlay for landing page groups to
understand flows.
(see Gary Angel - Functionalism)
Friday, 28 March 14
12. Not just for channels...
Function of content seen and interacted with.
Friday, 28 March 14