SlideShare una empresa de Scribd logo
1 de 10
Descargar para leer sin conexión
Rocking the Boat:
Marketing Best Practices for the 21st Century
© 2014 Demand Metric Research Corporation. All Rights Reserved.
Best Practices Report
By Jerry Rackley, Chief Analyst
June 2014
3
5
10
14
17
Introduction
Modern Marketing Dilemma
Current Marketing Challenges
Modern Marketing Performance Management
Practical Attribution Application
23
24
25
Our Best Practices Report Methodology
About Adometry by Google™
About Demand Metric
20
22
Successful Marketing Leadership
About the Research Analyst
TABLE OF CONTENTS
INTRODUCTION
3
Best Practices Report: 21st Century Marketing Manifesto
© 2014 Demand Metric Research Corporation. All Rights Reserved.
Marketers have long been challenged to prove how their
actions, campaigns and initiatives are responsible for
generating business results. This isn’t a new challenge – late 19th
century retailer John Wanamaker, a marketing pioneer considered by
many as the father of modern advertising, once said, “Half the
money I spend on advertising is wasted; the trouble is I don’t know
which half.”
Intuitively, marketers understand that their efforts influence
business results, but marketers have not endeavored to learn
the degree to which they do so for a variety of reasons. Some
haven’t had to, because strong business results let them off the
hook. More than a few fear knowing the truth. Others don’t feel
they have the resources to pursue an answer, and still others believe
that understanding the relationship between marketing efforts and
business results is unknowable with any degree of precision.
Whatever the reasons, the myth that marketing cannot truly
understand the impact of what it does perpetuates.
Challenging the abilities of the marketer is the increasingly
complex customer journey. A larger portion of this journey is
intentionally completed without vendor interaction and therefore
hidden from the marketer. It is the norm for it to occur across
multiple devices and through a multi-channel media stream.
The old marketing order believes that it’s too difficult to
understand or measure the influences holistically during the
customer journey. The customer journey seems like a black box –
the prospect enters it an immediately disappears from sight. We
toss content, digital experiences, and every creative tactic we can
into that black box hoping the prospect stumbles across them.
Sometimes the prospect exits the black box and becomes a
customer, but other times not. It seems there’s no way of knowing
which content, through which channel influenced the prospect
while inside the black box, so marketers must use their instincts and
what little intelligence we can glean to tweak what we throw into the
black box. At best, we see some incremental improvements,
and there’s tremendous uncertainty about connecting
activities to results.
4
Imagine the power of connecting these dots, of knowing the causes and effects of marketing’s work.
 How much more intelligently could we optimize the multi-channel mix most of us use?
 How much farther could we stretch our marketing budgets by knowing what really isn’t working and exactly what is?
 How easy would justifying the marketing spend be when we’re not guessing which efforts produced results, and to what degree?
 How would it feel to be right at home in an ROI discussion about our work?
 When someone asks, “what have you done for us lately?” to have an authoritative answer that puts to rest any doubt?
This is the new marketing order, and it’s not futuristic science fiction, but something marketers can embrace here and now.
The purpose of this manifesto is to express the vision for this new marketing order and call marketers to it. In this data-driven, multi-channel
marketing world in which we now operate, marketers can eliminate the guesswork about how their activities are creating results.
To accomplish this goal, this manifesto will discuss the modern marketing dilemma and status quo, and then describe the different
kind of thinking required to manage modern marketing performance.
Best Practices Report: 21st Century Marketing Manifesto
© 2014 Demand Metric Research Corporation. All Rights Reserved.
In the history of marketing, there has never been a more exciting,
challenging, rewarding and apprehensive time for the marketing
profession than right now. Clare Price, VP of Research at Demand
Metric, puts it this way in the 2014 Outlook Study:
“More than ever before, Marketing has direct control
over the sales/buying process and with it the
customer journey. That change has given Marketing
more opportunity to prove its value to the company,
while at the same time increasing pressure to deliver
results with measureable advances in performance
and productivity.”
The set of things about which the modern marketer is concerned
with simply continues to expand. Consider just the tools and
technologies marketers have at their disposal, as illustrated in
Marketing Technology LUMAscape (Figure 1, Page 6) published
by Luma Partners in 2014.
MODERN MARKETING DILEMMA
© 2014 Demand Metric Research Corporation. All Rights Reserved. 5
A More Complex Customer Journey
Another challenge to the modern marketer is the evolution of the
customer journey, which now occurs not just through multiple
channels, but multiple devices as well.
Multi-channel Marketing
There was a time when marketers would direct mail a piece to a list
of prospects, and then wait for responses. Marketers could easily do
the analytics and tracking to match responses to the mailing,
determine the conversion rate, cost to acquire a customer and the
ROI. It was easy to understand what produced the conversion,
because not only was it the last thing the consumer saw, it was the
only thing the consumer saw.
When the internet evolved into a marketing platform, the old
metrics were used, with help from cookies and tags to track
everything and detect conversions. Initially, this approach worked,
but as the number of online channels continues to proliferate,
the challenge for the marketer is to get clarity of insight into
what’s happening because of this media stream.
Best Practices Report: 21st Century Marketing Manifesto
6Figure 1: Marketing Technology LUMAscape; Published by Luma Partners, 2014
Best Practices Report: 21st Century Marketing Manifesto
Jerry Rackley, Chief Analyst
Jerry Rackley is Chief Analyst at Demand Metric. His 30-year marketing career began at IBM, and
includes experience in the technology and financial services sectors.
He has worked with companies ranging in size from startups to members of the global 1000, performing
marketing, marketing communication, public relations and product management work.
ABOUT THE RESEARCH ANALYST
© 2014 Demand Metric Research Corporation. All Rights Reserved. 22
Best Practices Report: 21st Century Marketing Manifesto
OUR BEST PRACTICES REPORT METHODOLOGY
Demand Metric’s Best Practices Reports investigate new developments and approaches in a given focus area to provide marketers with up-to-
date, practical and efficient solutions to modern day challenges. Each guide identifies a challenge, discusses previous solutions to that challenge,
presents new solutions based on in-depth research and suggests a recommended approach to implement new solutions.
Each Best Practices Report involves hours of analyst research, focus area specific surveys and comprehensive interviews with executives in a
given focus area in order to recommend solutions for the presented challenges.
© 2014 Demand Metric Research Corporation. All Rights Reserved. 23
Best Practices Report: 21st Century Marketing Manifesto
ABOUT ADOMETRY BY GOOGLE™
Adometry by Google™ transforms the way the world’s top brands improve marketing performance. Acting as marketing's “system of record,”
Adometry solves the complex challenge of integrating, measuring and optimizing marketing performance across all channels (online & offline).
Combining and interpreting previously silo’d sources of data; the Adometry Marketing Intelligence Platform provides data-driven attribution,
modern marketing mix modeling, and intelligent optimization recommendations across and within channels. As a result, marketers are able to
identify their true impact on the customer journey and generate actionable insights that improve ROI.
For more information, visit www.adometry.com.
© 2014 Demand Metric Research Corporation. All Rights Reserved. 24
Best Practices Report: 21st Century Marketing Manifesto
© 2014 Demand Metric Research Corporation. All Rights Reserved.
ABOUT DEMAND METRIC
Demand Metric is a global marketing research & advisory firm serving a membership community of over 35,000 marketing professionals,
CEOs, and business owners with advisory services, custom research & benchmarking reports, vendor studies, consulting methodologies,
training, and a library of 500+ tools and templates.
Using Demand Metric resources, members complete projects faster and with greater confidence, boosting respect for the marketing team
and making it easier to justify needed resources. Our 1,000+ clients range from start-ups to members of the Global 1000.
TO LEARN MORE ABOUT DEMAND METRIC
To read the full report, become a Demand Metric member today!
Best Practices Report

Más contenido relacionado

Más de Demand Metric

Content Marketing Solution Study
Content Marketing Solution StudyContent Marketing Solution Study
Content Marketing Solution StudyDemand Metric
 
SEO Technology Overview
SEO Technology OverviewSEO Technology Overview
SEO Technology OverviewDemand Metric
 
State of Video Marketing 2017
State of Video Marketing 2017State of Video Marketing 2017
State of Video Marketing 2017Demand Metric
 
Sales Enablement Maturity Model
Sales Enablement Maturity ModelSales Enablement Maturity Model
Sales Enablement Maturity ModelDemand Metric
 
Public Relations Maturity Model
Public Relations Maturity ModelPublic Relations Maturity Model
Public Relations Maturity ModelDemand Metric
 
Email Marketing Maturity Model
Email Marketing Maturity ModelEmail Marketing Maturity Model
Email Marketing Maturity ModelDemand Metric
 
Customer Engagement Maturity Model
Customer Engagement Maturity ModelCustomer Engagement Maturity Model
Customer Engagement Maturity ModelDemand Metric
 
Formalizing the Sales Support Function How-To Guide
Formalizing the Sales Support Function How-To GuideFormalizing the Sales Support Function How-To Guide
Formalizing the Sales Support Function How-To GuideDemand Metric
 
How to Launch a Mobile App Guide How-To Guide
How to Launch a Mobile App Guide How-To GuideHow to Launch a Mobile App Guide How-To Guide
How to Launch a Mobile App Guide How-To GuideDemand Metric
 
Getting Started with Agile Marketing How-To Guide
Getting Started with Agile Marketing How-To GuideGetting Started with Agile Marketing How-To Guide
Getting Started with Agile Marketing How-To GuideDemand Metric
 
Entering the European Market Successfully How-To Guide
Entering the European Market Successfully How-To GuideEntering the European Market Successfully How-To Guide
Entering the European Market Successfully How-To GuideDemand Metric
 
Driving SEO with Press Releases How-To Guide
Driving SEO with Press Releases How-To GuideDriving SEO with Press Releases How-To Guide
Driving SEO with Press Releases How-To GuideDemand Metric
 
Calculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To GuideCalculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To GuideDemand Metric
 
Lead Scoring: Five Steps to Getting Started How-To Guide
Lead Scoring: Five Steps to Getting Started How-To GuideLead Scoring: Five Steps to Getting Started How-To Guide
Lead Scoring: Five Steps to Getting Started How-To GuideDemand Metric
 
Social CRM Best Practices How-To Guide
Social CRM Best Practices How-To GuideSocial CRM Best Practices How-To Guide
Social CRM Best Practices How-To GuideDemand Metric
 
Marketing Resource Management How-To Guide
Marketing Resource Management How-To GuideMarketing Resource Management How-To Guide
Marketing Resource Management How-To GuideDemand Metric
 
Driving Value with Marketing Automation How-To Guide
Driving Value with Marketing Automation How-To GuideDriving Value with Marketing Automation How-To Guide
Driving Value with Marketing Automation How-To GuideDemand Metric
 
B2B Marketing Automation How-To Guide
B2B Marketing Automation How-To GuideB2B Marketing Automation How-To Guide
B2B Marketing Automation How-To GuideDemand Metric
 
Optimizing Asset Management for Sales Success How-To Guide
Optimizing Asset Management for Sales Success How-To GuideOptimizing Asset Management for Sales Success How-To Guide
Optimizing Asset Management for Sales Success How-To GuideDemand Metric
 
B2B Display Advertising How-To Guide
B2B Display Advertising How-To GuideB2B Display Advertising How-To Guide
B2B Display Advertising How-To GuideDemand Metric
 

Más de Demand Metric (20)

Content Marketing Solution Study
Content Marketing Solution StudyContent Marketing Solution Study
Content Marketing Solution Study
 
SEO Technology Overview
SEO Technology OverviewSEO Technology Overview
SEO Technology Overview
 
State of Video Marketing 2017
State of Video Marketing 2017State of Video Marketing 2017
State of Video Marketing 2017
 
Sales Enablement Maturity Model
Sales Enablement Maturity ModelSales Enablement Maturity Model
Sales Enablement Maturity Model
 
Public Relations Maturity Model
Public Relations Maturity ModelPublic Relations Maturity Model
Public Relations Maturity Model
 
Email Marketing Maturity Model
Email Marketing Maturity ModelEmail Marketing Maturity Model
Email Marketing Maturity Model
 
Customer Engagement Maturity Model
Customer Engagement Maturity ModelCustomer Engagement Maturity Model
Customer Engagement Maturity Model
 
Formalizing the Sales Support Function How-To Guide
Formalizing the Sales Support Function How-To GuideFormalizing the Sales Support Function How-To Guide
Formalizing the Sales Support Function How-To Guide
 
How to Launch a Mobile App Guide How-To Guide
How to Launch a Mobile App Guide How-To GuideHow to Launch a Mobile App Guide How-To Guide
How to Launch a Mobile App Guide How-To Guide
 
Getting Started with Agile Marketing How-To Guide
Getting Started with Agile Marketing How-To GuideGetting Started with Agile Marketing How-To Guide
Getting Started with Agile Marketing How-To Guide
 
Entering the European Market Successfully How-To Guide
Entering the European Market Successfully How-To GuideEntering the European Market Successfully How-To Guide
Entering the European Market Successfully How-To Guide
 
Driving SEO with Press Releases How-To Guide
Driving SEO with Press Releases How-To GuideDriving SEO with Press Releases How-To Guide
Driving SEO with Press Releases How-To Guide
 
Calculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To GuideCalculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To Guide
 
Lead Scoring: Five Steps to Getting Started How-To Guide
Lead Scoring: Five Steps to Getting Started How-To GuideLead Scoring: Five Steps to Getting Started How-To Guide
Lead Scoring: Five Steps to Getting Started How-To Guide
 
Social CRM Best Practices How-To Guide
Social CRM Best Practices How-To GuideSocial CRM Best Practices How-To Guide
Social CRM Best Practices How-To Guide
 
Marketing Resource Management How-To Guide
Marketing Resource Management How-To GuideMarketing Resource Management How-To Guide
Marketing Resource Management How-To Guide
 
Driving Value with Marketing Automation How-To Guide
Driving Value with Marketing Automation How-To GuideDriving Value with Marketing Automation How-To Guide
Driving Value with Marketing Automation How-To Guide
 
B2B Marketing Automation How-To Guide
B2B Marketing Automation How-To GuideB2B Marketing Automation How-To Guide
B2B Marketing Automation How-To Guide
 
Optimizing Asset Management for Sales Success How-To Guide
Optimizing Asset Management for Sales Success How-To GuideOptimizing Asset Management for Sales Success How-To Guide
Optimizing Asset Management for Sales Success How-To Guide
 
B2B Display Advertising How-To Guide
B2B Display Advertising How-To GuideB2B Display Advertising How-To Guide
B2B Display Advertising How-To Guide
 

Último

From Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOFrom Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOSzymon Słowik
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfVWO
 
How To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot SetupHow To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot Setupssuser4571da
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一s SS
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisjunaid794917
 
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDigital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDemandbase
 
Mastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven WorldMastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven WorldScalenut
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...Ahrefs
 
Red bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxxRed bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxx216310017
 
Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulAtifaArbar
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfHigher Education Marketing
 
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024CIO Business World
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfEastern Online-iSURVEY
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies bruguardarib
 
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...CIO Business World
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationAli Raza
 
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local LeadsSearch Engine Journal
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garsiderobwhite630290
 
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfDIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfmayanksharma0441
 
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRCall Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRlizamodels9
 

Último (20)

From Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOFrom Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEO
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdf
 
How To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot SetupHow To Utilize Calculated Properties in your HubSpot Setup
How To Utilize Calculated Properties in your HubSpot Setup
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysis
 
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDigital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
 
Mastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven WorldMastering SEO in the Evolving AI-driven World
Mastering SEO in the Evolving AI-driven World
 
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
What I learned from auditing over 1,000,000 websites - SERP Conf 2024 Patrick...
 
Red bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxxRed bull marketing presentation pptxxxxx
Red bull marketing presentation pptxxxxx
 
Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem useful
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdf
 
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies
 
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
Most Impressive Construction Leaders in Tech, Making Waves in the Industry, 2...
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store Optimization
 
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads2024's Top PPC Tactics: Triple Your Google Ads Local Leads
2024's Top PPC Tactics: Triple Your Google Ads Local Leads
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
 
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfDIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
 
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRCall Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
 

21st Century Marketing Manifesto

  • 1. Rocking the Boat: Marketing Best Practices for the 21st Century © 2014 Demand Metric Research Corporation. All Rights Reserved. Best Practices Report By Jerry Rackley, Chief Analyst June 2014
  • 2. 3 5 10 14 17 Introduction Modern Marketing Dilemma Current Marketing Challenges Modern Marketing Performance Management Practical Attribution Application 23 24 25 Our Best Practices Report Methodology About Adometry by Google™ About Demand Metric 20 22 Successful Marketing Leadership About the Research Analyst TABLE OF CONTENTS
  • 3. INTRODUCTION 3 Best Practices Report: 21st Century Marketing Manifesto © 2014 Demand Metric Research Corporation. All Rights Reserved. Marketers have long been challenged to prove how their actions, campaigns and initiatives are responsible for generating business results. This isn’t a new challenge – late 19th century retailer John Wanamaker, a marketing pioneer considered by many as the father of modern advertising, once said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” Intuitively, marketers understand that their efforts influence business results, but marketers have not endeavored to learn the degree to which they do so for a variety of reasons. Some haven’t had to, because strong business results let them off the hook. More than a few fear knowing the truth. Others don’t feel they have the resources to pursue an answer, and still others believe that understanding the relationship between marketing efforts and business results is unknowable with any degree of precision. Whatever the reasons, the myth that marketing cannot truly understand the impact of what it does perpetuates. Challenging the abilities of the marketer is the increasingly complex customer journey. A larger portion of this journey is intentionally completed without vendor interaction and therefore hidden from the marketer. It is the norm for it to occur across multiple devices and through a multi-channel media stream. The old marketing order believes that it’s too difficult to understand or measure the influences holistically during the customer journey. The customer journey seems like a black box – the prospect enters it an immediately disappears from sight. We toss content, digital experiences, and every creative tactic we can into that black box hoping the prospect stumbles across them. Sometimes the prospect exits the black box and becomes a customer, but other times not. It seems there’s no way of knowing which content, through which channel influenced the prospect while inside the black box, so marketers must use their instincts and what little intelligence we can glean to tweak what we throw into the black box. At best, we see some incremental improvements, and there’s tremendous uncertainty about connecting activities to results.
  • 4. 4 Imagine the power of connecting these dots, of knowing the causes and effects of marketing’s work.  How much more intelligently could we optimize the multi-channel mix most of us use?  How much farther could we stretch our marketing budgets by knowing what really isn’t working and exactly what is?  How easy would justifying the marketing spend be when we’re not guessing which efforts produced results, and to what degree?  How would it feel to be right at home in an ROI discussion about our work?  When someone asks, “what have you done for us lately?” to have an authoritative answer that puts to rest any doubt? This is the new marketing order, and it’s not futuristic science fiction, but something marketers can embrace here and now. The purpose of this manifesto is to express the vision for this new marketing order and call marketers to it. In this data-driven, multi-channel marketing world in which we now operate, marketers can eliminate the guesswork about how their activities are creating results. To accomplish this goal, this manifesto will discuss the modern marketing dilemma and status quo, and then describe the different kind of thinking required to manage modern marketing performance. Best Practices Report: 21st Century Marketing Manifesto © 2014 Demand Metric Research Corporation. All Rights Reserved.
  • 5. In the history of marketing, there has never been a more exciting, challenging, rewarding and apprehensive time for the marketing profession than right now. Clare Price, VP of Research at Demand Metric, puts it this way in the 2014 Outlook Study: “More than ever before, Marketing has direct control over the sales/buying process and with it the customer journey. That change has given Marketing more opportunity to prove its value to the company, while at the same time increasing pressure to deliver results with measureable advances in performance and productivity.” The set of things about which the modern marketer is concerned with simply continues to expand. Consider just the tools and technologies marketers have at their disposal, as illustrated in Marketing Technology LUMAscape (Figure 1, Page 6) published by Luma Partners in 2014. MODERN MARKETING DILEMMA © 2014 Demand Metric Research Corporation. All Rights Reserved. 5 A More Complex Customer Journey Another challenge to the modern marketer is the evolution of the customer journey, which now occurs not just through multiple channels, but multiple devices as well. Multi-channel Marketing There was a time when marketers would direct mail a piece to a list of prospects, and then wait for responses. Marketers could easily do the analytics and tracking to match responses to the mailing, determine the conversion rate, cost to acquire a customer and the ROI. It was easy to understand what produced the conversion, because not only was it the last thing the consumer saw, it was the only thing the consumer saw. When the internet evolved into a marketing platform, the old metrics were used, with help from cookies and tags to track everything and detect conversions. Initially, this approach worked, but as the number of online channels continues to proliferate, the challenge for the marketer is to get clarity of insight into what’s happening because of this media stream. Best Practices Report: 21st Century Marketing Manifesto
  • 6. 6Figure 1: Marketing Technology LUMAscape; Published by Luma Partners, 2014 Best Practices Report: 21st Century Marketing Manifesto
  • 7. Jerry Rackley, Chief Analyst Jerry Rackley is Chief Analyst at Demand Metric. His 30-year marketing career began at IBM, and includes experience in the technology and financial services sectors. He has worked with companies ranging in size from startups to members of the global 1000, performing marketing, marketing communication, public relations and product management work. ABOUT THE RESEARCH ANALYST © 2014 Demand Metric Research Corporation. All Rights Reserved. 22 Best Practices Report: 21st Century Marketing Manifesto
  • 8. OUR BEST PRACTICES REPORT METHODOLOGY Demand Metric’s Best Practices Reports investigate new developments and approaches in a given focus area to provide marketers with up-to- date, practical and efficient solutions to modern day challenges. Each guide identifies a challenge, discusses previous solutions to that challenge, presents new solutions based on in-depth research and suggests a recommended approach to implement new solutions. Each Best Practices Report involves hours of analyst research, focus area specific surveys and comprehensive interviews with executives in a given focus area in order to recommend solutions for the presented challenges. © 2014 Demand Metric Research Corporation. All Rights Reserved. 23 Best Practices Report: 21st Century Marketing Manifesto
  • 9. ABOUT ADOMETRY BY GOOGLE™ Adometry by Google™ transforms the way the world’s top brands improve marketing performance. Acting as marketing's “system of record,” Adometry solves the complex challenge of integrating, measuring and optimizing marketing performance across all channels (online & offline). Combining and interpreting previously silo’d sources of data; the Adometry Marketing Intelligence Platform provides data-driven attribution, modern marketing mix modeling, and intelligent optimization recommendations across and within channels. As a result, marketers are able to identify their true impact on the customer journey and generate actionable insights that improve ROI. For more information, visit www.adometry.com. © 2014 Demand Metric Research Corporation. All Rights Reserved. 24 Best Practices Report: 21st Century Marketing Manifesto
  • 10. © 2014 Demand Metric Research Corporation. All Rights Reserved. ABOUT DEMAND METRIC Demand Metric is a global marketing research & advisory firm serving a membership community of over 35,000 marketing professionals, CEOs, and business owners with advisory services, custom research & benchmarking reports, vendor studies, consulting methodologies, training, and a library of 500+ tools and templates. Using Demand Metric resources, members complete projects faster and with greater confidence, boosting respect for the marketing team and making it easier to justify needed resources. Our 1,000+ clients range from start-ups to members of the Global 1000. TO LEARN MORE ABOUT DEMAND METRIC To read the full report, become a Demand Metric member today! Best Practices Report