10 Aya Kabbara - Snipp - Driving revenue with data assets - MASHUP MENA Conference
-
Upload
center-of-digital-excellence-code-inc -
Category
Marketing
-
view
343 -
download
0
Transcript of 10 Aya Kabbara - Snipp - Driving revenue with data assets - MASHUP MENA Conference
DATA INSIGHTS & DIGITAL PROMOTIONS
DRIVING REVENUE WITH DATA ASSETS
Adver&sing1.0MassMedia
Adver&sing2.0Search+Social
Adver&sing3.0…“TheHolyGrail”
“Ithink you saw,readorheardmyadver&sing,soIhopetheyboughtmybrand”
“Iknowyouclicked,likedortweetedbutIhopeyouboughtmybrand(offlineoronline)”
“Iknowyouboughtmybrand,whereyouboughtitandwhyyouboughtit…andIcanop9mizemyfuturemarke&ngspendaccordingly.”
2
ADVERTISING HAS A “MEASUREMENT” PROBLEM
“Theproblemformanyadver9sersisthatthevastmajorityofconsumerpurchasestakeplaceoffline.Sotheques9onbecomes:ifIbuyadver9singonFacebook,howdoIknowthatsomeoneboughtacanofbeansinthesupermarketbecauseofit?”
H A L F T H E M O N E Y I S P E N D O N A D V E R T I S I N G I S W A S T E D ; T H E T R O U B L E I S I D O N ’ T K N O W W H I C H H A L F ” - J O H N W A N N A M A K E R
THE NEW RETAIL MODEL TYING OMNICHANNEL TO IN-STORE
DIGITAL MARKETING IS DRIVING MORE IN-STORE SALES THAN OFFLINE MARKETING
$1,538 $1,519 $1,506$1,386
$1,486$1,587
$294 $325 $355
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
2014 2015 2016
Forecast:USCross-ChannelRetailSales,2014to2016
OfflineSales Web-influencedofflinesales OnlineSales
Online-Influenced In-Store Sales: +$100B/year Offline-Influenced In-Store Sales: No Growth
WEB-INFLUENCED OFFLINE SALES
DIGITAL ENGAGEMENT IS HAPPENING ACROSS MULTIPLE DEVICES
Smartphone visits and orders grew at twice the rate of tablet orders and visits during the 2014 holiday season* Digital Advertising spend in the Middle East is predicted to hit $1 Billion by 2018!
28% of US retail sales were influenced by smartphones in 2014 =
$1.0 trillion
BUT HOW CAN WE BRIDGE THE GAP BETWEEN ONLINE AND OFFLINE
COLLECTING DATA THROUGH DIGITAL PROMOTIONS Collect data by connecting with the promotion.
LEVERAGING DATA TO INFORM YOUR MARKETING -MARKETING AWARENESS CHANNELS
CRM Social
Paid Media
In-Store
Email/Online Creative &
Brand Strategy
WHAT KIND OF DATA ASSETS ARE AVAILABLE
CRM
• Offer type • Consumer segment • Subject line or creative A/
B testing
• Search engine • Keyword • Ad Group
• Creative ID & size • Placement • Cookie pool
• Frequency of purchase • # of additional brands • Favorite retailer
• Basket/Product info • Retailers • Purchase time
• Agent • Complaint type & severity • Offer type
• Social site • Creative • Organic vs. promoted
• Age, Gender, and more • Purchase Habits • Personal details &
behaviors
search
display
CRM
social
customer service
retail purchase
demographics
HOW DO YOU GET THE DATA?
PROMOTIONS ARE THE PERFECT TOOL TO COLLECT DATA
Fine-tuning your media mix
Getting data on competitors
MEASURING IN-STORE PROMOTIONS
• Full Demographic Data
(including age, gender,
geographic location,
preferences & habits)
• Purchase Time
• Purchase Location
• Retailer
• Close Rate by Channel
• Basket Analysis
• Drop-Off Rate
• Facebook Login Data
• Device
• Return Visits
Brandscanbenchmarkandop0mizesalesacrossspendtodrivepurchase,byintegra0ngNewTechnologyintoexis0ngmediaspend
Every promotional channel and/or creative execution is assigned a unique activation keyword
1. ASSIGN KEY WORDS
2.USERS PARTICIPATE
Consumer sees the offer and participates using the keyword on the media and/or creative viewed
3. ANLAYZE DATA
Sample purchase data is analyzed across all channels, geography, retailer and purchase history
5. OPTIMIZE SPENDING
Campaign dollars can then be re-assigned based on the performance of different channels
Optimizing all Shopper Media Spend
NEW TECHNOLOGY: RECEIPT RECOGNITION
Share of Basket by Product Type
(Quantity)
Share of Basket by Product Type
($$)
GETTING DATA ON PRODUCTS AND BASKET
DEMOGRAPHIC DATA
Granular drill-down on customers.
Broad insights on demographic groups.
HOW CAN YOU OWN YOUR DATA?
RENTING DATA
• Paying per engagement
• No data asset built
• No up-front cost
OWNING DATA
• Building real CRM infrastructure
• Multi-year investment
• Limited incremental cost to
deploy campaigns
• More up front work
BEST PRACTICES
1. Everypromo0onshouldcollectdata
2. Measureeverythingdigitalthatdrivesin-store
3. Pushconsumerregistra0ontogetapromo0on
4. Makealongtermdataplan
5. “Always-on”programs
6. Embraceemail
Questions?
@SnippInc Snipp.com/clients
Aya Kabbara Managing Director
Snipp Interactive [email protected]