Make your Market Data Speak – and become a sales hero

Let’s all agree: Marketing is a strategic and mission critical function in any business. But unfortunately, this is rarely recognized. To prove your value as a marketer, show that your marketing investment supports the business.

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The ongoing discussion about ROI and metrics is sidelining the key issue: It’s no longer enough to measure number of leads generated in push-campaigns, you need to measure engagement and generate quality behavioral data. Marketing contributes to business strategy and growth. And you – the marketing professional – can become a hero for the sales organization by turning the data into valuable insights.

What we as modern marketers need to do is to focus on the business and how marketing can be even more successful through collecting the right data to work smarter and engage the right audience. For me, it’s always been about the data. And luckily for me – it’s available from just about everywhere. Marketers need to take the front seat in the digital era and learn why and how data driven decisions make a difference for marketing impact.

“Customers today expect—and demand—a seamless and relevant experience,” says Teradata. “They have grown accustomed to marketers’ knowledge of their preferences and anticipation of their needs. Fractured or conflicting messages from a brand make marketers seem unorganized and annoy customers, sometimes even driving them away.”

The topic of data and marketing is making it’s way into the board room, and decision makers require market and customer centric data to guide them.

Johanna Lindskog Lindell, a Swedish data strategist and PR professional, explains:

“Just like your company, your customers leave a digital trace. Customers expect you to know and understand their interests and preferences. With each interaction between you and your customers, they become more and more open and transparent exposing their behaviour and interests. Make use of these insights so that they can become the building blocks of your business.”

Easier said than done

In his blog in June, 2015 Jonathan Buckley of Qubole provides some useful insight on what it takes to create a datadriven culture in the enterprise, emphasising the need for both visionaries, tools and accountability in the process. But not all of us are sitting at the big round table, and for marketing to take a seat where visions turn into strategy, there is a both bottoms up and top down approach.

Johanna is a major influencer in the Swedish PR-world. In her regular blog on Resumé, published by Bonnier Business Media (in Swedish) she elaborates on how to build a datadriven strategy that keeps you out of trouble and gets you closer to the board room when decisions are made:

  1. Consolidate your data

Combine the data available in your organisation to drive strategic decisions, understand your customers and the perception of your brand. To strengthen your brand, you need to understand your position in the market…

  1. Listen

Success depends on how well you identify and understand your customers by letting their data speak to you. It’s not just about your brand and what you want to communicate. By listening you will understand what type of problems people want to solve, and what interests them. These insights are invaluable for your business.

Johanna

  1. Develop strategic campaigns

By listening you will gain insights and understand what drives your customers, what their engagement is about and how they perceive your brand. Using this data you can create strategic activities which can be applied to your entire organisation.

  1. Optimise and improve, try and try again!

Optimise your campaigns as you go by interpreting the information shared by your customers, and stay focused on customer driven marketing. Most companies and most people want to see metrics after a certain time period. I prefer comparing data with yesterday’s data. Mostly to see how well I have succeeded, what I can optimise and what I can improve.

What’s a petabyte?

So what is datadriven marketing? It is the creation of value that supports business objectives and your strategy. And it’s really quite mind boggling, how much data we as marketers have access to.

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In less than five years from today, experts predict that our annual data creation will reach nearly 45 trillion gigabytes, that’s 45 million petabytes. The human brain is estimated to store the equivalent of 2.5 petabytes of binary data. 2.5 versus 45 million petabytes.

You could also say that the available data in the world is more than what is stored in the brains of the entire population of – say – The Netherlands.

With all this data available to individuals, corporations, and governments, you will benefit hugely if you build your marketing strategy and execution on data.

When data is leveraged brilliantly, it can reveal highly useful patterns and trends. And you will find things to improve, not just in marketing but in other business functions as well.

 

 

 

 

Share and Grow – sincere, open, likeable Swedish innovators – you will be sorry you missed it

Conferences, seminars, trade shows, events – the hype this spring are Social Media events. Most of these are focused on understanding social and what it can do for business, still making the point that it really is good for business. But it is – so why do we keep arguing that point?

There is the travelling road show of SMW – Social Media Week which hit the Nordics last week – and then there is SSMX.

SSMX grupp

It’s different. It’s owned by the delegates and it’s as flexible and unpredictable as a friendly amoebae – constantly evolving. These people – and the rest of us – are here growing as a professional, growing our business, growing our influence by sharing what we do with others. Very social.

Sincere – Open – Collaborative – Interested – Authentic – Likeable

Sessions vary from a heavy focus on technical innovation to practical examples to workshops where we sit in a circle and discuss and challenge each other. All sessions are initiated and run by the delegates themselves. Many of them filmed on the spot to share with those not there – take a look at some of them, you will be inspired.

http://video.ssmx.se/

Disruptive Leadership

It’s a myth that the social innovator scene is dominated by young geeks and nerds. I attended a session at SSMX with @johanlange who wrote the book LUCKc taking lean one step further. Once again, one session evolves into a continued exchange, and I will now attend his follow up breakfast sessions in Stockholm discussing out of the box leadership.

Changing the outcome – through Twitter

It’s a myth that social enthusiasts are techies only. I attended a session with @johansbuzz showing just how significant the social presence is in times of crisis by example of the labour union’s perspective of the negotiations with the employees last fall that led to the agreement that kept Scandinavian Airlines flying – at a time where the ultimate worst case was bankruptcy. If you understand Swedish, there is a recording of the session

http://unionenopinion.se/2013/02/unionen-delade-med-sig-pa-ssmx/

Social Customer Service – #UnitedBreaksGuitars

We had an interactive session discussing social customer service by example of airlines. 40 people in the room contacted airlines via three different channels

  1. Twitter
  2. Facebook
  3. Contact Me Forms – Email

Before the session Datasift.com  had analysed 100,000 tweets to/from 33 different airlines to check how responsive they were.

The same winner emerged during the experiment: it took KLM 28 minutes to respond with a qualified/useful answer to the Facebook post. (More on this study and results/experiment in an upcoming blog. Lots of data to analyse.)

What is SSMX – and these unconferences – and how to fertilize innovation?

Try googling SSMX or look it up on Twitter #SSMX (once you learn to ignore a less favourable ongoing Twitter conversation in Japan which had a completely different, and definitely not business facing use of the tag).

Karin Bäcklund SSMX 2013

People share pictures – don’t we all. Here are some nice ones that are truly artistic by @deeped

But they share content, reflections, discussions, presentations, feedback, research and already now feel inspired thinking about how to contribute to the next major sharing event in this community. There are similar unconferences happening across the Nordics, as an example the WebCoast

https://www.facebook.com/webcoast

… in Gothenburg taking the conference out into the region.

Sweden is a big  country with long distances to travel, and not everything happens in Stockholm. Another not to be missed social innovation event is happening over a weekend on an island off the southeast coast called Tjärö. Bring your tent, and beware of the sheep

http://www.swedensocialwebcamp.com/

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