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Optimising Brand Strategy and Media Investment
OR
Why don’t spiders stick to their own web?
simon.mcdonald@dvj-insights.com
@mcdonaldsimon
Why don’t spiders stick to their own web?
Put your hands up, put your hands up!
Introducing ourselves
Dutch theme park, amazing people for over sixty years
Over 4.7 million visitors annually
Simon McDonald, UK MD of DVJ Insights
Working with SKY, Financial Times, MUBI, Samsung, Nestle
Growth is most important KPI When determining marketing
success
We want the highest return on our media
investment
And if we don’t measure, we can’t optimise
Too often our solutions only answer part of the problem
No possibility to enrich the data
No insight into relationship between
sources
Few models to understand data
And we make a lot of mistakes in research
And we make a lot of mistakes in market research
• Huge, long, boring questionnaires
• Inappropriate methods and outcomes
• Don’t take account of the way consumers brains work
• Don’t take account of the way different media work
• Don’t integrate other data from outside the survey
• We don’t take advantage of the science and academic studies available to us
Science can help us to close these gaps
We take following steps to overcome these mistakes and
knowledge gaps
1
2
Determining a measure for all contacts
with a brand
Integration of all relevant sources
3
Determine what relationships there are
between the sources
Determine how many contacts are needed
to be effective
4
Predicting potential effects for the new
plan
5
Step one
1
2
Determining a measure for all contacts
with a brand
Integration of all relevant sources
3
Determine what relationships there are
between the sources
Determine how many contacts are needed
to be effective
4
Predicting potential effects for the new
plan
5
Combining survey data with external data
BRAND
CREATIVE
MEDIA
Integration
survey
based
data
external
data
Reality analytics
MEDIA Analysis combined with scientific knowledge
For efteling this means integrating all relevant data
MIND
Almost three years of
tracking data and historic
data for Efteling
MEDIA
The media plan across all
touchpoints
INTENT
Facebook and website engagement
(total through to homepage,
accommodation, tickets)
BEHAVIOUR
Bookings, visitors, online sales
Step two
1
2
Determining a measure for all contacts
with a brand
Integration of all relevant sources
3
Determine what relationships there are
between the sources
Determine how many contacts are needed
to be effective
4
Predicting potential effects for the new
plan
5
A traditional approach to tracking
Effect
Time
Timelines
Media Investment
The KPI’s that play a role in the influence of the number of
visitors differ by region
Visitors
park
Website visits Publicity/acquainta
nceship
Facebook
visits Attitude
Consideration
Preference
Advocacy
An important question was which KPI had the most impact on the
number of visitors
Website
Visits
Visitors
park
Publicity/acquainta
nceship
Attitude
Consideration
Preference
Advocacy
“Lagged Effects” MUST BE taken into account over time
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10Week 11Week 12Week 13Week 14Week 15
Mind Intent Gedrag
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10Week 11Week 12Week 13Week 14Week 15
Mind Intent Gedrag
Before the shifting of data
After the shifting of data
Behaviour
Behaviour
Creating a very clear view of the customer journey
Visit
Online booking
Orientation on the visit
itself
Facebook orientation
Orientation on
a day trip
Reminisce
Reminisce
Step three
1
2
Determining a measure for all contacts
with a brand
Integration of all relevant sources
3
Determine what relationships there are
between the sources
Determine how many contacts are needed
to be effective
4
Predicting potential effects for the new
plan
5
Again, science can help us make sense of different outcomes from
media campaigns
We know that not all media channels create the same engagement
We know about the power of creative in achieving impact
We know that campaigns have different rates of decay
But we hardly ever
intergrate these
facts into tracking
Each medium is unique with its own engagement and memorisation
For example a 60” cinema ad is more engaging than a
single exposure to a banner ad
Even within different types of media, there are different
formats
Media must be reweighted
to calculate the real media
confrontations
The power of creation differs enormously
Best performing ads need 300 less GRP’s to reach the same
awareness!
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
100 GRP 200 GRP 300 GRP 400 GRP 500 GRP 600 GRP 700 GRP 800 GRP 900 GRP 1000 GRP 1100 GRP 1200 GRP
Below Average
Average
Above average
300 less GRP’s
But we hardly ever test and integrate the power of
creative to understand brand and media outcomes
People have memories – incorporate decay effect into RPS
They do not lose their memory at midnight on Sunday
Each brand and category has its own decay effect
Over 260 identified
measures of
advertising elasticity
Take these principles into account to create the reality
performance score
Calculate
the sum of
all contacts
Weight
each media
type with
the Beta
factor
Correct
each
contact for
creative
strength
Add the
decay of
last week
contacts
Reality
Performance
Score
Take these principles into account to create the reality
performance score (RPS) and how it effects KPIS
And the relationship and the strength of the relationship with
all KPIs is determined
RPS
Website visits Publicity/acquainta
nceship
Facebook
visits Attitude
Consideration
Preference
Advocacy
Step four
1
2
Determining a measure for all contacts
with a brand
Integration of all relevant sources
3
Determine what relationships there are
between the sources
Determine how many contacts are needed
to be effective
4
Predicting potential effects for the new
plan
5
Calculate the optimum bandwidth for effect on chosen KPI
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Calculate Bandwidth
RPS
• The bandwidth shows the ratio
between media contacts and media-
effects.
• This is of importance, because this
region shows the difference between
too many (upper threshold of the
bandwidth) and too few media contacts
(lower threshold of the bandwidth).
• The minimum value of RPS is when
there is a significant impact from RPS
on that KPI.
• The maximum value is that level where
correlation between KPI and RPS is not
longer increasing
Bandwidth
Calculate the optimum bandwidth for effect on chosen KPI – and
compare to reality performance score
Clear choices can now be made by understanding impact of media
oN different kpi’s
TV TVDigital
newsletter
Digital
newsletter
Print
Online search Radio
Website visits Consideration
Step five
1
2
Determining a measure for all contacts
with a brand
Integration of all relevant sources
3
Determine what relationships there are
between the sources
Determine how many contacts are needed
to be effective
4
Predicting potential effects for the new
plan
5
Once we know the bandwidth and the rps on your required kpis,
planning and optimising future campaigns becomes easy!
Current media plan
Adjusted scenario
Adjust the media plan
based on where the
rps falls within the
bandwidth
We take following steps to overcome these mistakes and
knowledge gaps
1
2
Determining a measure for all contacts
with a brand
Integration of all relevant sources
3
Determine what relationships there are
between the sources
Determine how many contacts are needed
to be effective
4
Predicting potential effects for the new
plan
5
Summary
use academic and scientific best practice to optimise your media
and brand performance
Why don’t spiders stick to their own web?
@McDonaldsimon
Simon.mcdonald@dvj-insights.com

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DVJ Insights optimising brand strategy and media investment

  • 1. Optimising Brand Strategy and Media Investment OR Why don’t spiders stick to their own web? simon.mcdonald@dvj-insights.com @mcdonaldsimon
  • 2. Why don’t spiders stick to their own web?
  • 3. Put your hands up, put your hands up!
  • 4. Introducing ourselves Dutch theme park, amazing people for over sixty years Over 4.7 million visitors annually Simon McDonald, UK MD of DVJ Insights Working with SKY, Financial Times, MUBI, Samsung, Nestle
  • 5. Growth is most important KPI When determining marketing success We want the highest return on our media investment And if we don’t measure, we can’t optimise
  • 6. Too often our solutions only answer part of the problem No possibility to enrich the data No insight into relationship between sources Few models to understand data And we make a lot of mistakes in research
  • 7. And we make a lot of mistakes in market research • Huge, long, boring questionnaires • Inappropriate methods and outcomes • Don’t take account of the way consumers brains work • Don’t take account of the way different media work • Don’t integrate other data from outside the survey • We don’t take advantage of the science and academic studies available to us
  • 8. Science can help us to close these gaps
  • 9. We take following steps to overcome these mistakes and knowledge gaps 1 2 Determining a measure for all contacts with a brand Integration of all relevant sources 3 Determine what relationships there are between the sources Determine how many contacts are needed to be effective 4 Predicting potential effects for the new plan 5
  • 10. Step one 1 2 Determining a measure for all contacts with a brand Integration of all relevant sources 3 Determine what relationships there are between the sources Determine how many contacts are needed to be effective 4 Predicting potential effects for the new plan 5
  • 11. Combining survey data with external data BRAND CREATIVE MEDIA Integration survey based data external data Reality analytics MEDIA Analysis combined with scientific knowledge
  • 12. For efteling this means integrating all relevant data MIND Almost three years of tracking data and historic data for Efteling MEDIA The media plan across all touchpoints INTENT Facebook and website engagement (total through to homepage, accommodation, tickets) BEHAVIOUR Bookings, visitors, online sales
  • 13. Step two 1 2 Determining a measure for all contacts with a brand Integration of all relevant sources 3 Determine what relationships there are between the sources Determine how many contacts are needed to be effective 4 Predicting potential effects for the new plan 5
  • 14. A traditional approach to tracking Effect Time Timelines Media Investment
  • 15. The KPI’s that play a role in the influence of the number of visitors differ by region Visitors park Website visits Publicity/acquainta nceship Facebook visits Attitude Consideration Preference Advocacy
  • 16. An important question was which KPI had the most impact on the number of visitors Website Visits Visitors park Publicity/acquainta nceship Attitude Consideration Preference Advocacy
  • 17. “Lagged Effects” MUST BE taken into account over time Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10Week 11Week 12Week 13Week 14Week 15 Mind Intent Gedrag Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10Week 11Week 12Week 13Week 14Week 15 Mind Intent Gedrag Before the shifting of data After the shifting of data Behaviour Behaviour
  • 18. Creating a very clear view of the customer journey Visit Online booking Orientation on the visit itself Facebook orientation Orientation on a day trip Reminisce Reminisce
  • 19. Step three 1 2 Determining a measure for all contacts with a brand Integration of all relevant sources 3 Determine what relationships there are between the sources Determine how many contacts are needed to be effective 4 Predicting potential effects for the new plan 5
  • 20. Again, science can help us make sense of different outcomes from media campaigns We know that not all media channels create the same engagement We know about the power of creative in achieving impact We know that campaigns have different rates of decay But we hardly ever intergrate these facts into tracking
  • 21. Each medium is unique with its own engagement and memorisation For example a 60” cinema ad is more engaging than a single exposure to a banner ad Even within different types of media, there are different formats Media must be reweighted to calculate the real media confrontations
  • 22. The power of creation differs enormously
  • 23. Best performing ads need 300 less GRP’s to reach the same awareness! 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 100 GRP 200 GRP 300 GRP 400 GRP 500 GRP 600 GRP 700 GRP 800 GRP 900 GRP 1000 GRP 1100 GRP 1200 GRP Below Average Average Above average 300 less GRP’s But we hardly ever test and integrate the power of creative to understand brand and media outcomes
  • 24. People have memories – incorporate decay effect into RPS They do not lose their memory at midnight on Sunday Each brand and category has its own decay effect Over 260 identified measures of advertising elasticity
  • 25. Take these principles into account to create the reality performance score Calculate the sum of all contacts Weight each media type with the Beta factor Correct each contact for creative strength Add the decay of last week contacts Reality Performance Score
  • 26. Take these principles into account to create the reality performance score (RPS) and how it effects KPIS
  • 27. And the relationship and the strength of the relationship with all KPIs is determined RPS Website visits Publicity/acquainta nceship Facebook visits Attitude Consideration Preference Advocacy
  • 28. Step four 1 2 Determining a measure for all contacts with a brand Integration of all relevant sources 3 Determine what relationships there are between the sources Determine how many contacts are needed to be effective 4 Predicting potential effects for the new plan 5
  • 29. Calculate the optimum bandwidth for effect on chosen KPI 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Calculate Bandwidth RPS • The bandwidth shows the ratio between media contacts and media- effects. • This is of importance, because this region shows the difference between too many (upper threshold of the bandwidth) and too few media contacts (lower threshold of the bandwidth). • The minimum value of RPS is when there is a significant impact from RPS on that KPI. • The maximum value is that level where correlation between KPI and RPS is not longer increasing Bandwidth
  • 30. Calculate the optimum bandwidth for effect on chosen KPI – and compare to reality performance score
  • 31. Clear choices can now be made by understanding impact of media oN different kpi’s TV TVDigital newsletter Digital newsletter Print Online search Radio Website visits Consideration
  • 32. Step five 1 2 Determining a measure for all contacts with a brand Integration of all relevant sources 3 Determine what relationships there are between the sources Determine how many contacts are needed to be effective 4 Predicting potential effects for the new plan 5
  • 33. Once we know the bandwidth and the rps on your required kpis, planning and optimising future campaigns becomes easy! Current media plan Adjusted scenario Adjust the media plan based on where the rps falls within the bandwidth
  • 34. We take following steps to overcome these mistakes and knowledge gaps 1 2 Determining a measure for all contacts with a brand Integration of all relevant sources 3 Determine what relationships there are between the sources Determine how many contacts are needed to be effective 4 Predicting potential effects for the new plan 5
  • 35. Summary use academic and scientific best practice to optimise your media and brand performance
  • 36. Why don’t spiders stick to their own web?