Optimize your marketing effectiveness with Adobe Online Marketing Suite analytics
Presented jointly by: Jeremy Dalnes Zeo Matt Langie Adobe Systems
In todays complex digital world, marketers rely heavily on analytics to measure the effectiveness of their online marketing strategies. Survey results and the insights gleaned from carefully crafted analytics can be invaluable tools for driving online marketing optimization and ROI. Recently, Adobes 2010 Analytics Survey questioned over 1,000 marketers to gain insight into the current online analytics landscape. This guide reviews the lessons and best practices learned from the survey. It also describes how Zeo, an emerging company in an entirely new field, is using the Adobe Online Marketing Suite, powered by Omniture, to create a holistic view of customers and campaigns to increase return on its marketing investment.
Survey overview
The 2010 Online Analytics Benchmark Survey addressed analytics, attribution, and emerging technologies such as social media and video. The objective was to discover opportunities for companies to increase their online marketing effectiveness and build current best practices into their programs.
Common challenges
The survey found that marketers faced a number of challenges when it comes to web analytics: Marketing data doesnt easily integrate with marketing channels and technologies. Current solutions dont go deep enough into the data. Many tools lack robust two-way APIs, so marketers have trouble importing and exporting marketing data. There is still a disconnect between data and marketing. Marketers are often unable to fully integrate data from social media, display, video, and other channels. Marketers spend too much time analyzing the data and not enough time optimizing their efforts based on insights from that data. Marketers are unable to develop a 360-degree view of customers that makes it easier to reach out to them.
Best practice 1: Data should integrate for a holistic view of customers and campaigns
The survey found that 44% of respondents have trouble properly relating sales revenue and costs to marketing campaigns. This makes it extremely difficult to calculate an accurate ROI. When asked if they could measure full marketing ROI, 76% of survey respondents said no. Based on survey demographics, this problem seems to be especially true for companies with relatively immature analytics processes, so technology could be especially useful for them.
Multivariate testing platforms help companies meet some of these challenges. For example, solutions like Adobe Test&Target, powered by Omniture, allow you to offer several user experiences, experimenting with different messages so that you can determine which ones resonate best with your target audience.
Almost 40% said that they cant measure sales conversions. Nearly 60% said that they cant measure the lifetime value of their customers. More than 50% cant measure ROI. Over 40% cant measure revenue per visit.
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While respondents said that they could measure things like visits and page use, these top-funnel metrics are only important as they relate to revenue-based metrics. Its great to attract a lot of visitors, but until you know how to turn those visits into sales, your site is not as optimized as it could be.
Analytics programs need to quantify how well your site is performing against your overall goals.
Marketers need to delve deeper into revenue-based metrics, but these need to be the right kinds of metrics. Not all companies have the same business goals, so not all of them should be using the same benchmarks. When developing an analytics program, make sure that the numbers youre calculating give you a clear picture of how well your site is performing against your overall goals.
Here is how companies rate the analytics solutions that they are currently using: Four percent said that they were somewhat dissatisfied with their solutions. Twenty-six percent said they were very satisfied. About half said that they were somewhat satisfied.
About Zeo
Analytics are important for any company, and even more so for companies working in new business models. Zeos business model is built around this simple premise: Your quality of sleep is central to your quality of life. Zeos products are designed to improve sleep patterns with web-based tools that show customers personalized sleep graphs and offer sleep-related guidance. Zeos revolutionary sleep device is composed of a lightweight wireless headband, a bedside display, a set of online analytics tools, and an email-based personalized coaching program. These not only enable customers to track their sleep patterns at home, but also let them upload their data into Zeos website for further analysis and tips on getting a better nights rest.
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Zeo is a new company launching a new product in a new category, which means that there is no historical set of expectations for sales and revenue to rely on. Moreover, because Zeos products do different things, the company is sending different messages to different market segments, and it needs to know how each one is tracking with specific groups of users.
When it comes to analytics, let a solution like Adobe SiteCatalyst do most of the work.
Lessons learned
First, let technology like Adobe SiteCatalyst, powered by Omniture, do most of the work. A company that relies heavily on data analysis must leverage its technology to zero in on the most important metrics and streamline those processes to reduce analysis timewhether that means setting up automated report generation or performing certain tasks during off hours.
Zeo has also learned that you need to limit the type of data you acquire and apply. While data is available from a number of sources, it must be relevant to the specifics of a companys business model, products, target markets, and customer base. By using solutions like those offered in the Adobe Online Marketing Suite to measure specific results, Zeo can get a core set of data that integrates to create a more holistic picture, as well as makes external data easier to manage and better aligned with marketing and business objectives. This in turn provides the most actionable insights into Zeos online marketing campaigns.
Zeo centers its metrics on marketing cost, orders, and sales conversions. Its a small start-up with very little cash, so it must account for every dollar spent. Its success is measured by cost per order. Because thats the number that the board is reviewing when looking at company performance, its imperative that Zeo be able to accurately calculate how much revenue comes from each marketing dollar. To achieve these goals,Zeo leverages the best tools in the marketplacethe Adobe Online Marketing Suite. And because it has reliable numbers at hand, it can take advantage of the opportunities generated through offline activities.
Using the Adobe Online Marketing Suite, Zeo has optimized marketing efforts significantly with the following results: Increased revenues by 1500% Return on advertising spend (ROAS) of more than 4000% Gained efficiencies in data collection and reporting Significant revenue increases based on multivariate testing Scaled solutions as the business grows
Adobe SearchCenter
Adobe SearchCenter, powered by Omniture, has helped Zeo realize that pure search engine marketing (SEM) is not the most effective marketing channel as previously thought. As a result, SEM efforts have been scaled back, and resources have been shifted to more effective marketing channels. Ad and marketing spend have been optimized for greater ROAS.
SiteCatalyst provides marketers with actionable, real-time intelligence about online strategies and marketing initiatives.
Adobe SiteCatalyst
Adobe SiteCatalyst has helped Zeo tie offline media to online performance, isolating data spikes related to PR events, measuring PR impacts, and tying ad spend to online behavior.It has helped Zeo quantify a baseline traffic pattern for its site and then show how much traffic comes in after a PR event (TV appearance, infomercial). Zeo is now able to show the degree to which certain PR activities drive traffic and revenue. This influences media buy options and helps Zeo optimize ad investments using SiteCatalyst daily data exports. Zeo marketers can also decide which media channels are most appropriate by turning costly guesswork into targeted insights and informed media buys.
Adobe Test&Target
Zeo uses Test&Target to run home and landing page tests on its main website and microsites. Metrics are used to produce statistically significant conversion, response, and customer behavior metrics. With strong targeted messaging, Zeo is better positioned to further optimize its sales funnel and engage in the most profitable marketing projects.
In which ways could you use Adobe analytics in your marketing campaigns?
Key takeaways
Leverage the best technology solutions to make analytics easier, more integrated, and more insightful. Make analytics the foundation of your optimization. Use data to create a holistic view of customers and campaigns. Enable advanced ad hoc segmentation through the data acquired. Fail faster so that you can succeed faster. Align your metrics with your marketing and business objectives
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