Overview on measurement in the digital space, broken down by digital tactics, and with best practice on how to measure them in an integrated, customer-centric and financially focused ways.
20. Best Practice
Financially focused, integrated view
based on the customer journey:
1. Understand the customer journey
2. Align digital touch points with the AWARE
customer journey ENGAGE
3. Define metrics against the customer
journey CONVERT
4. Track against the customer journey
ADVOCATE
Repeat!
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21. 1. Understand the Customer Journey
Ratings
&
Consult
Reviews See Product/
Friends &
Family Speak to Schedule
Sales Person Test Drive
Locate
Dealer Purchase
Experience
Product Product
Details &
3rd Compare Buy
Party Online
Sites
Check
Various
Product
Websites
RESEARCH ENGAGE CONVERT
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23. 2. Align Digital Touch Points with Customer Journey
A. ‘Build & Price’
E. Dealer Locator
B. Save Config G. Purchase
D. Payment Estimator
C. Compare Options F. Schedule a Test Drive
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24. 3. Define Metrics Against the Journey
Shopping for a Car: Engagement Step
Objectives Key Performance
(Call to Actions) Indicators
Visits
Build & Config Time Spent
Get a Quote Visit/Unique Visitors to ‘Get a Quote’
‘Get a Quote’ submission
Visit/Unique Visitors to ‘Get a Quote’
Find a Dealer
‘Get a Quote’ submission
Visit/Unique Visitors to ‘Test Drive’ Section
Schedule Test Drive
‘Test Drive Scheduling’ submission
26. Financially Focused, Integrated View
Category Tactic Investment Metrics Conversion Rate Click Thru’s/ Cost Per Lead
(ave. mo.) Impressions/ Page Complete CTA
Views/ Email Open
Rate
Display Ads $200,000 20,000,000 0.1% 20,000 $10
Mobile Ads $20,000 1,000,000 1.5% 15,000 $1
Awareness Paid Search $100,000 800,000 4% 32,000 $3
SEO $100,000 320,000 15% 48,000 $2
Social Media $100,000 200,000* 1% 2,000 $50
Build & Config 125,000 40% 50,000 $2
Price Estimator $80,000 167,000 56% 93,520 $0
Engage
Dealer Locator 86,000 34% 29,240 $0
Email Followup $21,000 123,000 27% 33,210 $1
Total Investment $621,000
Actual Purchase Ave. Purchase Price Purchase Value
Convert Purchase at Dealer n/a n/a 562 $47,000 $2,641,4000
Integrated At the end of the day, it’s all
Multichannel View about the financial
Using a Funnel Approach indicators
27. Common Pitfalls
Siloed views
Measuring the
wrong things
(e.g. lack clarity on the
customer journey)
CUSTOMER
Stopping here
Action without clear
objective or strategy
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29. Digital has
shifted power dynamic
Consumers have access to information and choice
How do you change the way you do business?
What is the new role of each of your channel and device?
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30. BIG
Enables Organizations In Ways
DATA
Considered Beyond Your Reach In the Past.
Every day, we create 2.5 quintillion bytes of data — so much
that 90% of the data in the world today has been created in the
last two years alone. (source: Harness the Power of Big Data: The IBM Big Data Platform )
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31. Big Data = Real-time Decision Making
Ushahidi: Crowdsourced Infectious
Disease, Political Violence Tracking
and more
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32. Let’s Make the World a Better Place
by Making Better Decisions Together
http://youtu.be/f-dfWLaDBPE