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Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

Nov 19, 2012

Scaling Social: The Future of B2B Social Marketing

The days of being happy with mentions and followers on social media are over. To take your social marketing to the next level, it's time to build relationships.

The Social Media Ecosystem Report "Rise of Users, Intelligence, and Operating Systems" (pdf) was put together by the folks at Jordan Edmiston Group, an investment bank focused on media and marketing services, with support from the Interactive Advertising Bureau (IAB).

Before I go further, a quick shout-out to the Salorix team for getting lots of great coverage in the recent report. They were talked about, quoted and got to submit a chart, too … all in the section: Big Data Enables Enhanced Business Intelligence.

But why did this early-stage company get covered in this report — alongside IBM, Google and Adobe no less?

Well, it turns out the “big data meets social media” thing is hard. Or as the report says:

“Scaling social with intelligence is extremely challenging”

And this is what Salorix is looking to solve with their technology platform.

Brand Mentions are no Longer Enough

You see, we can no longer be happy simply responding to brand mentions and boasting about our likes, retweets and followers.

We need to also:

  • Identify relevant and influential brand-related conversations
  • Engage the consumers doing the talking
  • Get them to amplify our brand message to their social network.

That does sound hard, especially since 90 percent of those conversations are happening outside of brand-controlled properties (this is what Salorix says). Makes me long for the days when ad banners still worked. (When was that exactly?)

Future of B2B Social Marketing

relationships_shutterstock_84376639.jpg

As B2B marketers, we've done a good job embracing the role of influencers as a way to sway the moods and minds of our prospects. Well that's no longer enough, either.

Instead, we now need to engage our prospects directly, using what we learn from finding and listening to them on the social web. What platforms they use, how active they are and what they're talking about, sharing and creating. This then informs our content marketing strategy and how we look to convert these prospects into leads.

Remember, it's not about quantity and growing audience, it's about quality and building relationships. Why? Because we're B2B not B2C.

With this in mind, here's what you should focus your social media activities on:

  • Developing detailed buyer personas that take into account how your prospects behave on social media.
  • Creating content based on what your prospects are saying and sharing across the social web.
  • Optimizing your content for social engagement and social distribution.
  • Tracking and measuring how your social content converts into shares, clicks and leads.

This is the future of B2B social marketing, and how you'll scale social with intelligence.

So, how are you adapting your social media practices to connect with prospects, customers and influencers? Let us know in the comments section below, let’s keep the conversation going!

Image courtesy of Cienpies Design (Shutterstock)

Editor's Note: To read more of Carter's B2B marketing advice, check out Struggling with B2B Social Marketing? Here's What to Do Now

About the Author

Carter is the Founder and CEO of Leadtail, a marketing agency that focuses on online marketing and social media for B2B companies. Carter and his team have developed and implemented social marketing programs and campaigns for leading consumer and business brands including Avaya, Alcatel-Lucent, British Telecom, Symantec, and TiVo. Continue the conversation @Leadtail.

 
 

Source : cmswire[dot]com

Nov 10, 2012

This Week: Creating Loyal Customers + The Latest Mobile Stats

Customer Loyalty
Did you know that engaged employees create loyal customers? Or that in addition to your sales people, brand advocates also drive sales?

It's also important that marketing and sales work together to ensure the best customer management strategy is in place.

It's a Mobile World
Studies show that 50% of US adults own a smartphone or tablet, and that Generation C is best reached via mobile. This is all good news for mobile advertisers (and explains all those smartphone sales).

Social CRM Tweet Jam
We're in CXMChat Tweet Jam mode. Mark the date: November 28th at 10am PT, 1pm ET. The panelists are lining up at the door, but it's the Tweet Jam questions we want to show you now.

2012 Gartner Web CMS Magic Quadrant Report
Gartner identifies three trends that have altered the web content management market since 2011.
> Download Now

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Source : cmswire[dot]com

Nov 7, 2012

Eloqua Introduces AdFocus to Manage Display Ad Targeting

This morning, Eloqua announced AdFocus — a tool that allows marketers to manage their display ad targeting within Eloqua's marketing automation system. The release of AdFocus gives marketers a way to monitor and manage their paid marketing alongside other marketing efforts such as email and affiliate marketing.

The ability to monitor display ad targeting within Eloqua's marketing automation system is useful since display ads are a growing area of focus for business-to-business (B2B) companies. According to a recent Forrester report, this paid media is expected to make up 36 percent of all interactive media purchases by 2016.

As the focus on display ads grows, it will be important to narrowly target personalized display ad content to a niche target audience. And the using the data kept in a marketing automation system to personalize ads can help marketers pinpoint their target audience.

AdFocus Helps Create More Personalized Display Ads

Most display ads fail to reach their intended audience. A recent study by DemandBase, a personalization and targeting platform, estimates that 67 percent of all display ads are seen by the wrong audience. AdFocus is designed to help marketers reach their audience more effectively by using prospect data, such as their current lead score, already stored in the marketing automation system. Eloqua's AdFocus can use this information to serve up a personalized ad for the intended audience via DemandBase.

For instance, AdFocus allows marketers to display certain ads solely to prospects that are in the lead nurturing phase. For these individuals, marketers can display an ad with a call to action that is educational in nature and send them to an informational page rather than a sales page. Meanwhile, marketers can target existing customers with ads with an upsell offer rather than asking them to purchase a product they already own.

AdFocus_screenshot_mapping.png
Screenshot of Eloqua AdFocus display ad rules.

AdFocus also allows marketers to directly display personal information about prospects (e.g. the Account Manager that operates their account) directly within an ad. This kind of individualized approach to display ad targeting provides a more direct approach to speaking to any prospect which, Eloqua believes, improves the success of lead generation efforts.

A final feature of AdFocus is that it allows marketers to automate their display ad targeting efforts. Traditionally, marketers have to go out and research websites and industry publications they'd like to use for their display ad targeting and then manually target those publications. DemandBase can automate this process by analyzing and selecting which websites and publications are the best fit for the prospect profile marketer wants to target. After that, marketers can use AdFocus to immediately start displaying ads based on the defined rules for the ad.

AdFocus Helps Compare Marketing Efforts in a Single System

By logging all of this information in a single system, marketers will be able to compare and contrast the return on investment of their marketing efforts side-by-side. With comparisons of earned, owned and paid marketing efforts in a single system, marketers can get a better grasp on what works for them and how their earned and owned efforts can work in conjunction with paid marketing efforts like display ads.

 
 

Source : cmswire[dot]com

Nov 6, 2012

Eloqua Partners with Brainshark to Offer Videos in Marketing Campaigns

Brainshark aims to improve how Eloqua customers use videos as a marketing tool, by improving their overall consumer appeal.

Video Marketing is Popular

Brainshark, is a cloud-based video marketing tool that provides users with the ability to share, track and improve their video marketing campaigns.

In a statement, Chief Marketing Officer of Brainshark, Andy Zimmerman explained that it's becoming harder for marketers to promote products. They not only have to present themselves in unique fashion, but create content quickly that's readily available for not only PCs, but mobile and tablet devices. With the addition of Brainshark Presentations into the Eloqua AppCloud, Eloqua users can use these video enhancement tools to improve on their consumer relationships and subsequently, their overall company sales and consumer reach.

Some of the features include:

  • Video content from Brainshark can be used with campaigns and landing pages created through Eloqua.
  • Users are able to track their video content and see who’s viewing it and what their reactions are.
  • Video can not only be created in Brainshark, but based on consumer feedback, Eloqua users can easily update and re-purpose the content.
  • Eloqua can use Brainshark’s in-depth analytics tool to have a broader sense where their marketing focus should be.

A Year of Changes for Eloqua

Eloqua , which recently became a publicly traded company, introduced a an automated marketing tool last month. The tool, called Eloqua Asset Management, is compatible with the Eloqua AppCloud and focuses on enabling managers and marketers to make their marketing automation solutions relevant to specific markets.

This new partnership with BrainShark isn't the only partnership venture for Eloqua, In July they integrated with salesforce.com’s Chatter. Eloqua users, whether or not members of salesforce.com, are able to use this feature without leaving the Eloqua platform. This new partnership between the two companies will give marketers the chance to develop more skills for communication and collaboration with their colleagues.

 
 

Source : cmswire[dot]com

Nov 5, 2012

NetShelter Introduces Earned Advertising Platform, Re-brands

InPowered, a service that helps brands with digital marketing, has launched its Earned Advertising Platform, a platform which allows users to create ad campaigns by themselves without having to work with InPowered professionals.

Inpowered was introduced last December as part of NetShelter, an advertising network. At that time, the cloud based InPowered platform was designed to make advertising easier for companies by curating and promoting favorable content from websites and blogs. It collected this information for the company and showed them how well their product and how well their competitors products were being received. In turn, marketers could use this information to tailor their ads appropriately to help influence consumer response.

What is Earned Advertising?

In a video promoting the product, President and Founder Pirouz Nilforoush said the company’s goal is to: help marketers leverage the trust of earned media in order to influence a broader sense of consumers.”

In using InPowered, companies will have be able to promote the positive aspects and most favorable reviews of their products. Companies will be able to create ads that don’t look like ads, but rather links to articles. They can then pick out what stories they think are the most favorable for a particular product and promote it over a social medium, such as Twitter or Facebook or through the NetShelter network.

This "earned advertising" allows businesses to positively promote their products and allows consumers to see what experts and industry professionals are saying about it — instead of merely relying on what the company’s marketing department is telling them. With the Inpowered system, users are then able to see charts and statistics on how this ‘earned advertising’ has influenced consumers.

Earned media is really a unique beast; it’s really the holy grail of marketing said Jeremiah Owyang, Partner and Industry Strategist for Altimeter Group “because earned media is the most trusted source of information people have between each other and therefore it resonates the most.”

inPowered Video from erica forte on Vimeo.

What’s in a Name?

Along with the launch of the Earned Advertising platform, it’s been also announced that NetShelter will re-brand themselves with a focus on Inpowered and what it offers users. They will now be called Inpowered Inc., but NetShelter isn't disappearing. It's being incorporated into the Inpowered Inc. parent company to be used along side the Inpowered platform.

 
 

Source : cmswire[dot]com

Marketing Automation: From Lead Generation to Sales Management

B2B selling organizations today rely on marketers to generate the leads necessary to start their efforts, and marketing organizations rely more and more on technology to generate those leads. But it's time now to connect the dots between marketing and sales.

The technologies marketers use include behavioral analysis tools (tied to dynamic site content), mass emailing engines, campaign management workflow and lead scoring dashboards. The next step is bringing together these technologies with those used by sales organization to ensure end-to-end sales and customer management.

Moving Outside of Email

“You gotta get out of email. It's getting less and less effective,” said Joe Payne, CEO of Eloqua in a recent interview with Direct Marketing News. Eloqua is one of the leading providers of marketing automation software and a vocal advocate for alignment of marketing and sales organizations.

Most marketing automation vendors today have a strong focus on email marketing. And while email isn’t going away, neither is the frustration with campaign generated email, legitimate or spam. When marketing departments send out large “blasts,” they typically have no relevance or context to individual sales cycles being nurtured by sales. Those blasts could be responsible for “channel conflict” and be delaying sales success.

Time for Sales and Marketing to Meet

marketing_sales_shutterstock_105244121.jpg

Sales people don’t live in the marketing world and most wouldn’t know how to. And marketing people don’t live in sales and usually don’t want to.

This disconnect has been resolved by a few vendors. Eloqua offers integration with Salesforce.com (SFDC), Microsoft Dynamics CRM and Oracle/Siebel CRM On Demand. Partdot, recently acquired by ExactTarget, integrates with SFDC. So, what do these platforms do that sales can see?

Pardot scores contacts and leads in SFDC. It also shows marketing activity for contacts directly inside contact records. Even more impressive though is how Pardot campaigns can be managed directly from within SFDC. Most CRM applications are weak in this area, even a heavyweight such as SFDC. Of course for such magic to occur, users of SFDC must install a Pardot AppExchange app and this is where eyes start to glaze over for all but the most sophisticated companies.

Marketing automation vendors seem aware they are lacking in sales integration. Eloqua focuses on campaigns based on sales pipeline stage. It’s either build or buy and buying seems to be a way beyond email. Recently, ExactTarget acquired Pardot. And Teradata scooped up German firm eCircle.

Perhaps the real sign that marketing automation is seriously transforming will be its step into sales technologies.

Image courtesy of Vaju Ariel (Shutterstock)

Editor's Note: To read more by Steve, check out The Need for a Simpler Enterprise CMS Sharing Interface

About the Author

Steve Youngblood is the CEO of Salestrakr, a SaaS based CRM application focused on small to medium businesses. Steve is also a regular contributor to CMSWire. Steve has been a founding member of a number of software companies and has launched new applications across the world. Steve's expertise is in product creation and sales and has deep interests in user experience, social crm and web collaboration.

 
 

Source : cmswire[dot]com

Nov 4, 2012

This Week: The ROI on Collaboration + Social Media for Customer Support

Selling & Supporting Via Social Media
Social Media can be used by more than the marketing team. Social is a key avenue for customer service and it is an important tool for sales representatives.

Incorporating built-in customer support in your mobile apps can turn negative reviews and comments into positive ones, leading to happier customers and broader adoption.

Patterns for Successful Collaboration
Check out these 12 strategies for successful collaboration and dive into how to best determine ROI on your collaborative technologies.

Strategic SharePoint
In preparation for the SharePoint 2012 Conference this month, we bring you Work, Play, Tablet, PC: Welcome to the New Microsoft and SharePoint Deployments Increase Despite Rising Costs, Staff Shortages. Watch for our special coverage of the event.

Analyst Report: Why Customer Experience is the New Marketing
Understand the present imperatives of Customer Experience Management and the new role of Web Content Management.
> Download the Report Here

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Source : cmswire[dot]com

Oct 26, 2012

A Quick Sitecore Roadmap Looking at the Next Year #sitecoresym

Sitecore's Senior VP of Product Marketing, Darren Guarnaccia provided an updated Roadmap for Sitecore's stable of product offerings during the Sitecore Symposium 2012 North America in Las Vegas. There's quite a few interesting improvements and additions that will be of interest to both business and technical users.

Here's the highlights of the Roadmap Darren discussed. 

Near Term Additions for Q4 2012

  • Version 6.6 of Sitecore CMS will be released
  • Good news for Mobile developers as this will include Sitecore's Mobile SDK and a very sophisticated system for simulation of content on many mobile device classes
  • Updates to Sitecore's DMS system, adding Engagement Intelligence features that will be of great use to business and marketing users
  • A refresh to the Foundry product based on Sitecore CMS v6.6 and an update to their Social Connected tool

First Quarter 2013

  • A big, much-anticipated update to Sitecore CMS with the release of Sitecore 7, which includes large scale item storage support
  • For business users there's some new and very powerful additions to DMS with the Visual Path Analysis tool which allows marketing folks to dig deeply into how users are reaching (or not) various content
  • Email Campaign Manager 2.0 will also be released

Second Quarter 2013

A lot of technical and infrastructure goodies come in Q2 2013, including:

  • A refresh to the new SPEAK UI platform
  • Updates to DMS to support the CRM Service Layer
  • A refresh of the Sitecore Intranet Portal product based on Sitecore CMS v6.6
  • Sitecore's DMS will integrate with Sitecore eCommerce, and DMS will become available on Microsoft's Azure Cloud Platform
  • The Sitecore Adaptive Print Studio will gain ability to interact directly with files produced by Adobe InDesign

Second Half of 2013

  • Some significant updates to the core CMS functionality with updates to Sitecore CMS workflow, new features for content reuse, and finally the beginnings of some usability improvements to the administrative interface which will accelerate in the future
  • Launch of Big Data for Sitecore's DMS. With all the tracking and analytic requirements of Sitecore's Customer Engagement features, the ability to manage the data requirements of the system has been a concern from Day 1. With this update the DMS system should be able to handle many terabytes of analytic data with the option of storing that data in a variety of locations both locally and in the cloud

… and Beyond

  • Significant enhancements to the existing Sitecore Personalization features, including the ability to personalize down to the field level within the CMS

About the Author

Ryan Bennett is a certified Sitecore developer and Principal Solutions Architect at San Francisco-based consulting firm Cylogy, Inc.

 
 

Source : cmswire[dot]com

Oct 25, 2012

HootSuite Teams Up with Compendium for Added Content Marketing Muscle

Managing social media teams with HootSuite just got a jolt of marketing juice, thanks to the integration of Compendium's content marketing tools.

Compendium helps companies create content for customized distribution, and its partnership with HootSuite now allows for that content to be saved as a HootSuite draft. Once the Compendium material is saved as a draft, it can then be scheduled and sent out to selected social networks.

Both Companies Growing

HootSuite and Compendium are both growing, and the list of their respective new integrations is proof of that. Because they are both involved in sharing the same or similar content to different networks and channels, this partnership is fairly intuitive.

Compendium has recently teamed up with marketing automation big shot Eloqua, and with cross-channel marketer ExactTarget. Both of those partnerships kicked off this summer, but more recently,

On the other side, HootSuite announced  Webtrends analytics integration, a new chat feature and a centralized Command Center tool in October.

Social Media Strategy

Compendium and HootSuite both can help companies build and deploy social media strategies, and Compendium even compiled some specific tactics it gathered from 200 companies into a little how-to infographic. It shows the best times to publish to each channel — Facebook, Linkedin and Twitter — how long the posts should be and a few do's and don'ts we never thought of.

HootSuite Teams Up with Compendium for Added Content Marketing Muscle
LinkedIn, Twitter and Facebook have different peak visit times for B2C and B2B companies.

While this is hardly a controlled, comprehensive study, it does give insight into what many marketers are thinking when it comes to social media. We think the main takeaway here is that reusing original content is extremely valuable.

HootSuite and Compendium are hoping businesses will use their tools to help spread those messages to the right people at the right time. The free integration is available to all HootSutie Enterprise customers and is located in account settings.

 
 

Source : cmswire[dot]com

Oct 23, 2012

Optify Connect Improves Lead Management: Links Behaviors, History to Website Visitors

Optify Connect Links Behaviors, History to Website VisitorsLast month, Optify revealed the secrets of digital marketing performers. Today, they’re announcing a new capability that presents the entire behavioral history and detailed information about a lead in one place. Talk about a secret performer.

With Optify Connect, marketers will be able to connect new contacts with their anonymous visit history, in an effort to create a 360-degree view of their leads. Built on its digital marketing platform, Optify Connect allows marketers to increase their response rate and evaluate leads better than ever before.

Like the marketing platforms we've seen from Demandbase, Optfy seems to be stepping up their ability to identify website visitors so that sales and marketing teams can not only identify better, more reliable leads, but they can also learn more about customer behaviors. This can help sales and marketing teams improve their targeted advertising strategies.

More Info = More Effective Followup

Optify Connect can be used to enhance the following Optify applications:

  • Email Manager: Marketers can view how many contacts opened, clicked or unsubscribed from each email, and receive detailed information on each individual for insight into future campaigns. Users can also compare email performance based on key metrics through in-depth marketing reports.
  • Contact Manager: Each record in contact manager can be seen, from source to website visits to personal and company information. This lets users assert more control over their customer relationship management strategy. By using customized fields in landing pages or emails, marketers can better segment, prioritize, filter and follow up with contacts based on their profile and behavioral data.
  • Landing Pages: Marketers can capture information without the use of traditional landing page forms. They can also use A/B testing on landing pages using Google experiments and integrate with any CMS system.

It’s clear that Optify is committed to helping marketers become more invested in the customer experience — by giving them the tools that make it easier to develop personas and identify relevant behaviors.

 
 

Source : cmswire[dot]com

Oct 18, 2012

Making the Most of Your Marketing Funnel #rdm12

The impact changes in the consumer marketplace and technology are having on the marketing funnel and how marketers can adapt were major themes in early sessions of the Revenue Driven Marketing Summit hosted by Aberdeen Group in Boston, MA.

New Technology Empowers Customers, Creates ‘Hidden Sales Cycle’

Trip Kucera, Senior Research Analyst, Marketing Effectiveness and Strategy for Aberdeen opened today’s program with an introductory talk about what marketing is experiencing today. “There are new technologies, new mediums and new targets,” he said. “You’re engaging with empowered customers in both the B2B and B2C marketplaces. “

In response, Kucera said marketers are “digitizing processes from the top of the funnel to the topline. There is much more data, and more buzz around Big Data but probably more action around predictive analytics.” In addition, Kucera said a “hidden sales cycle” has entered the traditional funnel of lead generation, lead management and opportunity management. This hidden cycle, which often occurs later in the buyer’s journey, consists of influences like social media, communities, content and peers. “You need to put your listening ears on,” advised Kucera.

Turn Your Funnel into a Pipeline

Following Kucera’s remarks, Russell Fujioka, VP of Enterprise Solutions and Business Marketing, Dell, urged marketing and sales executives to move beyond current best practices in order to reshape their funnels into free flowing pipelines. “If you’re at best practices right now, you’re probably behind,” stated Fujioka. “If you haven’t met a mathematician lately, you need to go hug those folks.”

Fujioka said there is so much data now available, tools alone cannot do enough to uncover actionable information. “Algorithms can determine cause and effect,” he said. “Some tools can’t answer why certain things work. But there are some people at MIT that probably can.”

Fujioka said that by changing its marketing model from quickly providing customized hardware to delivering full-scale IT solutions and developing ongoing customer relationships, in three years Dell has increased marketing-led revenue by 125% every six months and increased the growth of social media-driven dollars in the marketing pipeline by 20% every quarter, among other results.

Fujioka also focused on the funnel and how marketers can alter its shape from a typical “cannoli” (he gave a nod to the world-famous Mike’s Pastry in Boston’s traditionally Italian North End neighborhood) to a more streamlined “pipe.”

“The key part is the fulcrum,” he said. “What are the pressure points, amplifiers and things getting in your way? If you keep filling the left side with fuel and your win rate doesn’t improve, you won’t be more successful but will spend more money.”

In addition, Fujioka said marketers must closely analyze the right side of the funnel. “Those things that made it through got there for a reason,” he said. “Predictively analyze why they did.”

By properly analyzing what happens in the fulcrum and why some leads are converted, Fujioka said marketers can create an “aspirational” funnel where targeting is so good the lead-to-success ratio can wind up being “something like two to one instead of 10,000 to one.” And in the future, “the right side will be wider.”

Fujioka gave two final pieces of advice to marketers seeking to create an aspirational funnel. One is to create the position of vice president of customer success. “If you don’t do that, you don’t have a chance,” he said. The second is to remember that word of mouth always has been and always will be the strongest influencer on consumer decisions.

“It doesn’t matter what the audience or product is,” he said. “The difference is we now have tools to amplify word of mouth so instead of telling two friends who tell two friends, you can go on LinkedIn and pretty quickly spread the word to 25 million contacts.”

 
 

Source : cmswire[dot]com

Customer Experience: Following the Crowd #rdm12

From an early age, most of us are taught not to “follow the crowd,” but instead to chart our own path. However, when it comes to sales and marketing, following the crowd can produce impressive results

Clinton Bonner, Director of Marketing and Social Content for crowdsourcing provider TopCoder, explained during a session at the Revenue Driven Marketing Leadership Summit hosted by Aberdeen Group in Boston, MA that when his company adopted crowdsourcing techniques for its own sales and marketing efforts, lead generation and development of “quality conversations” improved significantly.

Getting to the New Clients

Bonner began by describing the difficult lead generation process undertaken by TopCoder, a crowdsourcing “open innovation” community of digital content creators. Unlike some crowdsourcing providers, TopCoder does not allow the “one off” sourcing of projects but requires the purchase of a full pipeline of services. As a result, the typical sales cycle lasts six to nine months.

“It takes 120 to 150 hot leads to produce 20 to 22 marketing qualified leads (MQLs), which produces four sales qualified leads (SQLs) that produce one new client,” said Bonner. “We were producing five MQLs a month, which was enough to keep us treading water but not swimming quickly.”

Eating the ‘Dog Food’

Working with a team of four business development specialists, Bonner decided to find a way to make them as productive as a team of 40 specialists. Although TechCoder builds all of its IT applications through its own platform, Bonner said he realized the company was not “eating its own dog food” when it came to sales and marketing.

“We decided to generate new content, like webinars, white papers and social media postings,” he said. “It did help generate more conversations and more clients, but it turned out that the content really helped convert people who had already started talking to us. The content was sort of like an app store that provided what prospects needed to keep the conversation going.”

With the content having less impact than hoped for on prospective clients who had not yet engaged with TopCoder, Bonner decided to pilot a crowdsourced lead generation platform called ConnectAndSell, which linked to TopCoder’s Salesforce CRM solution and specialized in getting qualified leads on the phone.

“We had to get serious about our data,” said Bonner. “We weren’t syncing it properly and not tying our content together smartly. Qualified conversations are difficult for us to obtain because of resistance to change. We need pure volume.”

For example, Bonner said TopCoder hosted regional “roadshows” and used ConnectAndSell to identify people with “.gov” emails in the Washington, DC area and then find relevant associated data such as articles they had published. Thus initial contact was much more targeted and relevant. “Our qualified conversations went up by a factor of eight to 10 times,” he said.

The ‘Three Ps’ of Crowdsourcing

Bonner said crowdsourcing is not “throwing things over the fence and hoping the crowd works magic,” but a competition-driven model that obtains the best work from highly trained specialists. He said crowdsourcing represents the future of work and is based on ‘three Ps” — platforms, parallelization and productivity. He expounded a bit on the meaning of the second P.

“As an executive you should be an orchestrator and not get involved in the muckety muck. Watch things happen. You have to let go of things you’re not used to letting go of and accept that a piece of the chain of work will be done in a non-traditional way.”

 
 

Source : cmswire[dot]com

Oct 16, 2012

Source Metrics Offers Social Marketing Optimization and Analytics Platform

So much social media, so little ROI. That’s the idea behind a variety of tools that try to measure the ROI of social campaigns, such as a new social marketing optimization platform from Source Metrics. 

Started in 2008, Source Metrics focuses on the metrics of leads, sales, click-throughs and conversions, presented in real-time by property. The aim, the Ottawa-based company said, is to answer the question "what works and how well?" Source Metrics had previously provided analytics and marketing campaign management tools, which are now included in the new platform, and it joins other social media management platforms, including HootSuite, Alinean, Google’s Wildfire Interactive and Salesforce’s Buddy Media.

ROI Measurement

Targeted at advertisers, digital agencies, PR agencies and chief marketing officers, the Source Metrics platform enables marketing campaigns to be adjusted as metrics indicate. Users can publish, promote, monitor and analyze their social marketing efforts across channels, including Facebook, Twitter, YouTube, LinkedIn, blogs and email campaigns.

In Source Metrics, ROI is measured through such end results as online revenue or inducing people to respond to a call-to-action, such as a download or a signup.

Brand mentions are ranked by reach and categorized by sentiment, so that the platform user can engage with the commenter. Various social channels are tracked for growth, engagement and performance, allowing a marketer to see trends at a glance. The platform’s API can be utilized for integrating the data with in-house applications.

Source-Metrics-Analytics-Tracking_1.png
Social Metrics Campaigns/Reporting
 

CEO and co-founder Scott Lake, the co-founder and former CEO of create-your-own-ecommerce site Shopify.com, noted in a statement that there is no shortage of social media monitoring services. "But what do brands do with the data?” he asked.

Is Revenue All?

He said that Source Metrics’ solution is to provide “visibility into social marketing activity, and then take it one step further with real-time intelligence that shows how campaigns are performing,” coupled with the capacity to take action. Source Metric’s solution is one of a series of efforts to help businesses determine which parts, if any, of their social media marketing budgets are worthwhile.

Source-Metrics-Campaigns-Report_1.jpg

A recent report from the Altimeter Group surveyed approaches to determining social media ROI. The report, called the "Social Media ROI Cookbook", noted that only 30 percent of brands consider themselves effective in connecting their social media campaigns to revenue. Fifty-six percent said the disconnect was because they were not able to tie social media to business outcomes, 39 percent pointed to a lack of analytics expertise or resources, and 38 percent blamed poor tools.

But ROI, measured as revenue generated, “isn’t everything” when measuring the value of social media, the report said. The vast majority of respondents — 84 percent — said the primary business impact of social media marketing was creating “insight that helped us meet customer experience goals.” In other words, boosting the brand can be a separate and more important goal than enlarging the bank account.

 
 

Source : cmswire[dot]com

Demandbase Launches Company Targeted Advertising, B2B Marketing Platform

2012_demand-base_logo.jpegWhen you think of targeted advertising, you may not always think about B2B marketing. However, for the folks at Demandbase, targeting advertising can be a B2B marketer's best tool. Which is why they’re launching Demandbase Company Targeted Advertising, an advertising solution for company targeting, which enables B2B advertisers to target and personalize display advertising to specific companies or to companies that meet a predetermined list of corporate attributes.

The Road to an Optimized Customer Experience

To understand how this came to be, let’s revisit Demandbase’s last few releases.

In 2010, Demandbase launched Real-Time ID Service that aims to identify business web traffic, in real time. Then they added personalization, which sought to apply specific parameters — including the company, size or industry of the inbound visitor — to increase online conversion rates and to generate increased customer retention and engagement. Instead of using cookies to track users’ online behaviors, Real-Time ID Service tracks IP addresses, allowing companies to know what industries are visiting their site. Instead of collecting information based on previous behaviors, Demandbase looks to corporate identity for information.

By the end of 2011, Demandbase enhanced RealTime ID’s audience classification capabilities for worldwide business web traffic, which made it easier for marketers to classify web traffic into business vs. consumer audiences. In 2012, the Strategic Services Program launched with the aim of letting B2B marketers implement real-time identification faster and more effectively. Since then, they’ve been working to integrate with popular applications like Drupal and Salesforce.

What comes next after you have effectively perfected the art and science of website personalization? With Company Targeted Advertising, Demandbase now gives brands a new way to deliver and measure online advertising based on specific target accounts, stage in the sales funnel, or corporate attributes like industry, revenue, size or geography. Prospects can be identified on the web visitor’s first visit to a site, without the use of cookies or other tracking mechanisms, and ads are served only to the predetermined company targets.

Ready, Aim, Target

Unlike other targeted advertising, there is no waste with Demandbase. Think about how much time you spend targeting segments of your audience without really knowing if they’re seeing the right message at the right time. Company Targeted Advertising only serves ads to companies that have potential to buy.

How exactly? Customers can designate a specific list of companies — be it prospects from their CRM system or a pre-defined audience, such as the “Fortune 1000” — and make sure only those companies see their ad.

Demandbase Launches Company Targeted Advertising Platform to Deliver Precise Content Marketing

Image courtesy of Ivelin Radkov (Shutterstock)

None of this would be possible, however, without all the advancements made to the Real-Time Identification platform. Because Demandbase uniquely identifies website visitors from their very first visit to a web property, it can determine if they qualify to be presented with a customer’s ad, while ensuring that an advertiser’s spend and message is not wasted on the wrong person.

 

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Source : cmswire[dot]com

Oct 15, 2012

Yesmail Keeps Tabs on the Digital Marketing Competition

Knowing how well your digital marketing campaign is working compared to internal metrics is helpful, but getting a sense of how well it is working compared to external metrics (such as competitors’ campaign results) can give a crucial competitive edge. With its Market Intelligence tool, Yesmail aims to allow digital marketers to study competitors’ results, as well as their own, across email and social channels to create success at a level that beats not only internal expectations but the expectations of competitors.

We live in a competitive world, and marketing is probably one of the most cutthroat pursuits within this world. “Marketing-speak” focuses on neutral-sounding terms like “growing market share” and “customer acquisition,” but in reality, these terms could just as easily be termed “stealing market share” and “stealing customers.” Successful digital marketing in large part hinges on taking customers away from your competitors without letting them take your customers away from you.

While developing new customers who might not have previously been involved in your particular vertical is an important part of marketing, the fact remains there are far more experienced consumers waiting to be wooed than “first timers” waiting to be introduced, and Yesmail proudly announces “spying on your competition has never been easier” in promoting its new Market Intelligence 2.0 platform.

Let’s look a little more closely at exactly what kind of covert operations Yesmail is enabling marketers to conduct.

If You Can’t Beat ‘Em, Join ‘Em

One interesting aspect of Yesmail’s market intelligence functionality is dynamic filtering of competitive data. Users can apply advanced filters based on keywords, channels, date ranges, etc. to competitors’ campaigns as well as their own.

Obviously originality is a big part of any successful marketing campaign, but at the same time if a chief competitor is winning customers by using a certain phrase in their email subject line, it is certainly prudent to at least take that into consideration when tweaking your email strategy.

Comparing Yourself to Others

Your mother may have advised you to simply be the “best you” possible and not worry about what anyone else does, but mom’s advice to build strong character and personal identity does not extend to the rough and tumble world of marketing.

If your campaign is not performing as well as those of your competitors, the “best you” you will likely soon be asking those competitors for a job. Yesmail enables users to create side-by-side comparisons of their campaigns with up to four competitors at a time.

Comparisons come as interactive, exportable charts and competitively measure campaign count, campaign engagement, and campaign deployment times. You know in high school you were always comparing yourself to the “cool kids” no matter what your mom told you, so why not make sure you measure up to the “cool companies” now?

Other features of Market Intelligence 2.0 include the ability to create, track and analyze customer personas based on demographic and behavioral characteristics and real-time analytic and insight capabilities. 

The Proof is in the Pudding: Social Media Campaigns Don't Match Consumer Engagement Patterns

Yesmail put its money where its mouth is a few months ago, using Market Intelligence to track and analyze more than 20 popular clothing retailers’ Facebook, Twitter, YouTube and email campaigns over a three-month period to assess how effective they were in driving consumer engagement. As reported by CMSWire, what they found indicated that many social media and email campaigns do not match up with consumers’ patterns for when and how they engage with brands.

 

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Source : cmswire[dot]com

Aprimo Digital Messaging Center Provides a Single Location to Manage Cross-Channel Marketing

Marketing automation provider Aprimo has released its Digital Messaging Center, a cloud based hub for combining marketing tools with social media, analytics and CRM systems.

Aprimo announced the news at the DMA2012 conference in Las Vegas this week, and it offers real-time access to customer preferences and behavioral data from mobile, Web and integrated systems.

Another Step Toward Personalized Experience

Marketers want more information about potential customers, and putting disparate data together about the same person or company is getting easier. Harvesting tidbits from social media and using ever more powerful analytics systems is popular way of doing just that. Now companies like Teradata, Aprimo's parent company, are automating this tactic and pushing it out as an all in one, plug and play product.

The Digital Messaging Center provides automated processes for:

  • Message Creation — Streamline content with an online library, functional messaging templates and display optimization.
  • Deliverability — Increase inbox delivery rates for up to 10 million emails per hour with personalized rules, automatic bounce-back processing and list integration among others.
  • Personalization — Tailor offers and other messages based on complex customer data.
  • Recipient Management — Integrate big data/analytics.
  • Tracking and Reporting — Break down what’s working for individuals and/or target groups.

The Digital Messaging Center is available as a standalone solution or as part of Aprimo's Integrated Marketing Management (IMM) Platform.

Aprimo News Recap

Teradata bought Aprimo in 2011, and earlier this year, bought up eCircle for its email and digital marketing expertise. The Digital Messaging Center is a culmination of that eCircle purchase. 

In August, Aprimo debuted its Real-Time Interaction Manager to improve customer experience. Then in September, Aprimo Service to Sales became available on the Salesforce.com AppExchange for better business intelligence.

The Digital Messaging Center is Aprimo's most robust integrated marketing management platform to date, and as Gartner pointed out in its eCircle buyout report, the move puts Aprimo in a good position among global digital marketing companies.

A Digital Marketer's Dream

There's a common theme running among vendors of digital marketing solutions, and that is the marketers want a single location to manage the cross-channel marketing they do and the information they have. We saw that with the acquisition of Pardot by ExactTarget last week, we saw it with Ektron's addition of HubSpot into its Digital Marketing Hub (DMH) and with Adobe's integration of AdLens with SiteCatalyst. Of course Adobe's integration is not a complete package, but it demonstrates the need for integrated solutions that make it easier for marketers to design, build and manage cross-channel campaigns. So we ask…who's next?

 
 

Source : cmswire[dot]com

Oct 10, 2012

The Tale Of TiVo And Why Great Brands Fall From Grace

Remember TiVo and Listerine breath strips? Products like these dispel the myth of long-term “first-mover” advantage in marketing brands--ultimately, it is the companies able to adapt that thrive.

Why is it that some brands launch like meteors, captivating our imaginations and our wallets, only to fall spectacularly into marketing oblivion? And perhaps more importantly for marketers today: How can this fate be avoided? The answer lies in the difference between what is required to generate initial trial of a new product, versus building a relevant equity that stimulates ongoing interest and repeat business.

Looking backwards from today’s vantage point, it might be easy to dismiss brands like Listerine Pocketpaks or TiVo, but at the pinnacle of their success they had a Jeremy Lin-like, out-of-nowhere stardom that had consumers all atwitter, brought riches to their corporate owners, and had competitors searching for answers. What is it about these brands that relegated them to eventual irrelevance, while other brands with meteoric success remain on top? And what does the future hold for today’s meteoric brands like UGG boots or Keurig coffee?

First, we need to dispel the myth that there is any long-term “first-mover” advantage in marketing brands. This may be true at the start, but ultimately it is the companies able to adapt to changing conditions that thrive. That is to say, survival of the fittest brands, not the first brands, drives the market. Neither Google, nor Amazon, nor even Gillette was the first brand in its respective category that it now leads. So while some “boom, splat” brands were the first to popularize innovative benefits--such as digital video recording--this distinction alone is insufficient to defend against encroaching competition and a restless consumer.

In 2001, Pfizer’s Listerine brand, then famously known for its antiseptic mouthwash, launched Listerine Pocketpaks breath strips. The product not only helped the brand extend into a new category, but also created awareness, relevance, and reinvigorated the parent brand’s equity in fresh breath. Everyone needed to try the distinctive strip format and unique sensory experience. A true innovation blockbuster, brand awareness and trial were off the charts and year one sales exceeded $175 million, quickly establishing it as the number-one brand in the category. But by 2003, brand sales were already off by 40%-50%, fueled by intense competition with copycat products and a consumer seeking more exciting offerings from strong brands like Altoids, Tic Tac, and Ice Breakers. Today under new ownership, Listerine Pocketpaks remains a viable business, generating about $25 million in annual sales, but is a shell of its initial success.

One contributing factor to the brand’s fall may be the polarizing product experience. However, even if some consumers were ultimately not wowed by the product and did not repeat purchase, the brand still managed to engage enough consumers to drive it to category leadership, so the answer may lie more with the brand than the product. Listerine Pocketpaks were so closely associated with a product form, rather than a brand equity, that it lacked the authority to sustain a category leadership position. The brand may have been more successful had it pinned its brand proposition on, say, Listerine freshness to-go or intimate togetherness or anything other than the product form itself, which was quickly copied.

Listerine effectively did not leverage a strong point-of-difference compared to its new competitive set (i.e., mints), beyond a hot new product form. Once the form novelty wore off, the brand did not find a way to win versus other brands doing an equally good job offering a minty fresh experience. The breath-mint consumer was then free to switch to a competitive breath strip, or align with a conventional format mint brand with strong appeal on both a functional and emotional level, such as Altoids.

Listerine is not the only “boom, splat” brand to soar behind the short-term functional difference of a unique product format. In other categories, Motorola’s ultra-thin Razr phone or Pert’s 2-in-1 shampoo both come to mind. In these cases, too, there was no meaningful second act following the initial success of the brand launch. Loyal consumers seeking the next level of involvement were left with nowhere to go but the competition offering newer, shinier objects for sale.

So, which brands are doing these things well? Like their style or hate them, UGG Australia has successfully kept its brand fresh and strong for years. Many predicted that UGG boots would be a passing fashion fad. But a decade after gaining must-have status, the brand keeps marching on, achieving a record $1.2 billion in global sales last year. UGG is more than a fashion icon; the brand solves an unmet consumer need of stylish footwear that doesn’t involve painfully high heels. Worn by countless celebrities, the UGG brand was established as a genuine article, not to be copied by a competitive imitation. And now that it seems every fashionable closet has a pair, the brand has pushed into slippers, gloves, hats, and other accessories where stylish comfort plays a role. At this stage, there is no "boom, splat" forecasted for UGG.

One brand that will be interesting to watch in the coming year or so is Keurig, the single-serve coffee brand that has grown tremendously (their parent company Green Mountain Coffee Roasters announced 2011 revenue of $2.65 billion, up 95% from 2010). The brand has helped usher in a new wave of premium, at-home coffee options with strong partners like Dunkin' Donuts, Starbucks, and Newman’s Own, succeeding in a crowded space where some first-movers have failed. However, they will need to stay fresh and relevant, continue to innovate and think broadly about their business once the single-serve coffee market is saturated, by them or Nespresso or someone else, and consumers begin to wonder what’s next.

So what can we learn from all this? I see three important lessons: first, having a brilliant innovation ahead of competition is a great thing. But there is danger in letting the technical innovation be the news itself, because inevitably competitors will copy or leapfrog you. It’s always best to build equity that elevates the conversation to emotional benefits, values, and beliefs, rather than a purely functional one. That’s much harder to copy. Second, ensure your product experience is outstanding, creating ongoing repeat from happy consumers. And finally, have a second act. Keep it fresh and give your loyal user base something to trade up to once they’ve committed to the brand; don’t leave them hanging on wondering what is the next level of involvement. Doing these things may not ensure meteoric success, but it will help you avoid the dreaded sound of “boom, splat!”

--Bruce Levinson is vice president, brand strategy at the New York office of Anthem Worldwide, part of the strategic design division of Schawk, Inc. His previous positions include director-level marketing roles at Unilever in the U.S. and U.K., and as an advertising account executive.


Source : fastcompany[dot]com

The Tale Of TiVo And Why Even Great Brands Fall From Grace

Remember TiVo and Listerine breath strips? Products like these dispel the myth of long-term “first-mover” advantage in marketing brands--ultimately, it is the companies able to adapt that thrive.

Why is it that some brands launch like meteors, captivating our imaginations and our wallets, only to fall spectacularly into marketing oblivion? And perhaps more importantly for marketers today: how can this fate be avoided? The answer lies in the difference between what is required to generate initial trial of a new product, versus building a relevant equity that stimulates ongoing interest and repeat business.

Looking backwards from today’s vantage point, it might be easy to dismiss brands like Listerine Pocketpaks or TiVo, but at the pinnacle of their success they had a Jeremy Lin-like, out-of-nowhere stardom that had consumers all atwitter, brought riches to their corporate owners, and had competitors searching for answers. What is it about these brands that relegated them to eventual irrelevance, while other brands with meteoric success remain on top? And what does the future hold for today’s meteoric brands like UGG boots or Keurig coffee?

First, we need to dispel the myth that there is any long-term “first-mover” advantage in marketing brands. This may be true at the start, but ultimately it is the companies able to adapt to changing conditions that thrive. That is to say, survival of the fittest brands, not the first brands, drives the market. Neither Google, nor Amazon, nor even Gillette was the first brand in its respective category that it now leads. So while some “boom, splat” brands were the first to popularize innovative benefits--such as digital video recording--this distinction alone is insufficient to defend against encroaching competition and a restless consumer.

In 2001, Pfizer’s Listerine brand, then famously known for its antiseptic mouthwash, launched Listerine Pocketpaks breath strips. The product not only helped the brand extend into a new category, but also created awareness, relevance, and reinvigorated the parent brand’s equity in fresh breath. Everyone needed to try the distinctive strip format and unique sensory experience. A true innovation blockbuster, brand awareness and trial were off the charts and year one sales exceeded $175 million, quickly establishing it as the number-one brand in the category. But by 2003, brand sales were already off by 40%-50%, fueled by intense competition with copycat products and a consumer seeking more exciting offerings from strong brands like Altoids, Tic Tac, and Ice Breakers. Today under new ownership, Listerine Pocketpaks remains a viable business, generating about $25 million in annual sales, but is a shell of its initial success.

One contributing factor to the brand’s fall may be the polarizing product experience. However, even if some consumers were ultimately not wowed by the product and did not repeat purchase, the brand still managed to engage enough consumers to drive it to category leadership, so the answer may lie more with the brand than the product. Listerine Pocketpaks were so closely associated with a product form, rather than a brand equity, that it lacked the authority to sustain a category leadership position. The brand may have been more successful had it pinned its brand proposition on, say, Listerine freshness to-go or intimate togetherness or anything other than the product form itself, which was quickly copied.

Listerine effectively did not leverage a strong point-of-difference compared to its new competitive set (i.e., mints), beyond a hot new product form. Once the form novelty wore off, the brand did not find a way to win versus other brands doing an equally good job offering a minty fresh experience. The breath-mint consumer was then free to switch to a competitive breath strip, or align with a conventional format mint brand with strong appeal on both a functional and emotional level, such as Altoids.

Listerine is not the only “boom, splat” brand to soar behind the short-term functional difference of a unique product format. In other categories, Motorola’s ultra-thin Razr phone or Pert’s 2-in-1 shampoo both come to mind. In these cases, too, there was no meaningful second act following the initial success of the brand launch. Loyal consumers seeking the next level of involvement were left with nowhere to go but the competition offering newer, shinier objects for sale.

So, which brands are doing these things well? Like their style or hate them, UGG Australia has successfully kept its brand fresh and strong for years. Many predicted that UGG boots would be a passing fashion fad. But a decade after gaining must-have status, the brand keeps marching on, achieving a record $1.2 billion in global sales last year. UGG is more than a fashion icon; the brand solves an unmet consumer need of stylish footwear that doesn’t involve painfully high heels. Worn by countless celebrities, the UGG brand was established as a genuine article, not to be copied by a competitive imitation. And now that it seems every fashionable closet has a pair, the brand has pushed into slippers, gloves, hats and other accessories where stylish comfort plays a role. At this stage, there is no "boom, splat" forecasted for UGG.

One brand that will be interesting to watch in the coming year or so is Keurig, the single-serve coffee brand that has grown tremendously (their parent company Green Mountain Coffee Roasters announced 2011 revenue of $2.65 billion, up 95% from 2010.) The brand has helped usher in a new wave of premium, at-home coffee options with strong partners like Dunkin' Donuts, Starbucks and Newman’s Own, succeeding in a crowded space where some first-movers have failed. However, they will need to stay fresh and relevant, continue to innovate and think broadly about their business once the single-serve coffee market is saturated, by them or Nespresso or someone else, and consumers begin to wonder what’s next.

So what can we learn from all this? I see three important lessons: first, having a brilliant innovation ahead of competition is a great thing. But there is danger in letting the technical innovation be the news itself, because inevitably competitors will copy or leapfrog you. It’s always best to build equity that elevates the conversation to emotional benefits, values and beliefs, rather than a purely functional one. That’s much harder to copy. Second, ensure your product experience is outstanding, creating ongoing repeat from happy consumers. And finally, have a second act. Keep it fresh and give your loyal user base something to trade up to once they’ve committed to the brand; don’t leave them hanging on wondering what is the next level of involvement. Doing these things may not ensure meteoric success, but it will help you avoid the dreaded sound of “boom, splat!”

--Bruce Levinson is vice president, brand strategy at the New York office of Anthem Worldwide, part of the strategic design division of Schawk, Inc. His previous positions include director-level marketing roles at Unilever in the U.S. and U.K., and as an advertising account executive.


Source : fastcompany[dot]com

Oct 4, 2012

Oracle CXM Strategy Progresses with [x+1] Origin Digital Marketing Hub Integration #oow

Digital marketing/data management software provider [x+1] is integrating its Origin Digital Marketing Hub solution with the Oracle RightNow CX Cloud Service.

Origin Digital Marketing Hub from [x+1]  is a platform designed to allow individual management of customer touchpoints. Using a real-time Predictive Optimization Engine (POETM), marketers can identify and respond to individual customer experiences with channel-specific messages optimized for certain results, such as conversion or cross-selling. The platform also offers web services APIs and analytics.

The integration allows the connection of Oracle RightNow CX Cloud Service’s cross-channel customer service capabilities to Origin Digital Marketing Hub’s decisioning and business rules.

Integration Fits into Oracle’s Master CX Plan

Allowing the Origin Digital Marketing Hub to integrate with RightNow CX Cloud Service appears to fit in well with Oracle’s broader customer experience (CXM) strategy. In June 2012,  Oracle SVP for Oracle CRM Anthony Lye told CMSWire that CXM strategy is a combination of two years of work — both organic development and through acquisitions to put together a solution footprint that “you won't see anywhere else.”

Lye sees customer experience as the single biggest transformation that is affecting business — the experience is the only substantial differentiator that companies have. According to Lye, today’s customer experiences are built, maintained and managed outside of CRM and organizations need a vendor who can bring all these things together into a cohesive strategy, while supporting the CRM investments they have. Lye said this includes things such as “experience-based apps that are multi-channel and cross channel,” which seems to line up nicely with the functionality of Origin Digital Marketing Hub. 

Origin Digital Marketing Hub – A Closer Look

[x+1] is not among the better known digital marketing solutions providers, so it may be helpful to take a brief closer look at what the Origin Digital Marketing Hub is all about. In January 2012, Internet advertising publication Adotas examined some of the details of Origin. The platform performs activities such as matching data based on a first-party key, eliminating the possibility of having third-party cookies rejected and simplifying the implementation of data.

In addition, customer eligibility to receive messages can be individually tailored, so for example a customer can be set as ineligible to see a certain offer if they’ve bought a particular product. Other features include automatic dashboard alerts set against changes in data.

[x+1] has attained Gold Partner status in the Oracle Partner Network (OPN).

 
 

Source : cmswire[dot]com

Sep 26, 2012

Interview: Brian Clifton on Cutting Through Data Noise and the Future of Analytics

In the seven years since Google Analytics launched, the realm of analytics has changed hands from the purview of the IT department to the marketing department and beyond. But just because we can readily access the tools does not mean that we are necessarily putting them to good use. To gain some insight into this we interviewed Brian Clifton, author, consultant and trainer, who specializes in performance optimization using Google Analytics.

Brian acted as head of Web Analytics for Google Europe from 2005-2008 and recently released the third edition of his "Advanced Web Metrics with Google Analytics," used by students and professionals worldwide. 

CMSWire: Do people collect data that is useless or unnecessary?

Brian Clifton: No, and let me say that I don't think collecting *any* kind of data is useless. However, it can be distracting and generate a higher level of "noise." The mistake I see most often is people not focusing i.e., they simply look at all of the data all of the time. Beyond the high level reporting of metrics such as total visitor counts, total revenue etc., looking at all of the data all of the time has very little analytical value. Therefore, what you need to do, is chop up the data into meaningful groups of similar data points i.e., segment.

Example segments to enhance the signals from the noise:

  • Customers
    • A segment that includes only visits from existing customers — even if they do not purchase from your site when they visit. This is why this segment is so valuable — these visitor have bought from you before!
  • Engagers
    • After customers, Engagers are your next most valuable group of visitors. They have shown engagement, i.e., made an effort, perhaps even given you their contact details. Examples include registrations, contact requests (form submissions), file downloads, ranking products and content, comments and feedback, video views, clicks on social love buttons etc.
  • Mobilers
    • A segment that includes only visits from mobile devices. Mobile is a very different experience to browsing on a bigger screen. Lots of implication for your web site structure/design if this segment is significant to you.
  • Non-Bouncers
    • A segment that excludes all bounced visits i.e., removes single page visits that have no engagement. The theory is that these visitors are clearly not interested in your website, so remove them from your analysis.

Of course these segments are not mutually exclusive and you can be very creative by combining them.

My point is that data "noise" is not something to be discarded. It's only noise relative to a specific question you are trying to answer at a particular time. When you look at answering a different question, and that noise can be a rich data stream indeed (people have won nobel prizes for analyzing noise!). Therefore, always collect the full spectrum of web data and user segmentation as your tool for focus and analysis.

Editor's Note: To get more insights from Brian, follow him on Twitter @BrianClifton

CMSWire: How can a company decide which data to collect? Are there common metrics/strategies that work across the board or does it change on a case by case basis?

BC: My approach when I first engage with a client is not to show or look at any analytic reports. I usually get an odd response to that when I have been hired as the web analytics expert! However, the first meeting is a workshop where I sit down with the marketing team to understand their needs and abilities. By needs, I mean understanding what tasks they perform as a group and therefore how they can measure the success (or not) of that. A metric that measures success is known as a Key Performance Indicator (KPI).

 

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Source : cmswire[dot]com