Digital Trends 2019 – Data is key to creating greater customer experiences

This presentation from Sean Donnelly and Jamie Brighton will focus on the most significant digital trends 2019 that are driving marketing and customer experience strategy.

Digital Trends 2019: Data is key to creating greater customer experiences

Hi, my name is Sean Donnelly. I’m a consultant and senior analyst at e-consultancy, where independent providers of research train in best practice. I am here to introduce you to a topic that is on the minds of all marketers.

Presently, I am going to talk to you about technology and marketing trends.

We have been working very closely with Adobe to reach out to the marketing community, in order to:

  • ask them what kind of things they identify as opportunities,
  • what they see as challenges and so on.

This gives us a very unique perspective to identify the operational reality in terms of marketers’ findings.

So, we have done a survey of 12 500 marketers, techies and so on. It’s actually the largest global survey of its kind. We also accompany that with a series of qualitative interviews to draw additional insights.

Agenda:

  • State of customer experience strategy

  • Importance of customer data

  • Control of customer data: compliance and walled gardens

  • State of Artificial Intelligence (AI)

PRESENTATION N°1: Sean Donnelly

Just for clarification, we will define customer experience as being the sum of all the interactions a customer has with a brand, and their emotional reactions to those interactions.

1. The accelerated loyalty journey

Importantly, first-class personalised customer experience is really important for sustainability.

So, marketers might remember the 4 ‘P’s: Product, Price, Place and Promotion. But this old model changed. Somewhere along the lines, marketing became very much just about promotion. Promotion isn’t good enough. We need to think about the wider customer experience journey across Google, Social Media…

the accelerated loyalty journey

Clearly, this really expands the role of marketing beyond driving intention to purchase. If you can get a customer to advocate for your brand online, you may be able to deliver him to this loyalty loop for ongoing relations with you.

Now, customer service is increasingly focused and accompanied by technology and data.

Therefore, evaluate if your marketing technology infrastructure is fit for purpose. The technology platform is viewed as the engine room that drives customer experiences and marketing activities. Whereas, the data is the oil that lubricates and empowers this increasingly sophisticated machinery.

2. Data is the new everything

Likewise, a big part of the marketing is the ability to understand and utilise data. As such, data skills are becoming increasingly integral. Marketing continues to transition from being an analogue activity to a digital activity with real-time data analysis.

a) Data and measurement

We can see that data serves 3 primary functions:

  • Customer insight
  • Tactic evaluation
  • Demonstrate value of marketing activities.

We have asked marketers to draw out what they are interested in and what they see as important.

b) The most exciting opportunities in 2019

  • Data-driven marketing that focuses on the individual
  • Optimising the customer experience
  • Creating compelling content for digital experiences.

3. Customer journey management holds the key to personalisation

a) Top digital priorities in 2019

Digital Trends 2019 – Data is key to creating greater customer experiences

There are 4 top priorities which are as follow:

  • Customer Journey Management: key requirement for data informed customer experiences
  • Targeting and Personalisation: right message, right place, right time
  • Content Marketing: continuing importance of creativity and design
  • Customer Data Management (CMS): convert data into knowledge.

Now, to achieve all this requires a highly integrated technology stack. So, the key  is to have a more unified approach to marketing channels.

Example: Unilever increases investment in marketers as it shifts from ‘big ad campaigns’ to smaller real-time campaigns. This results in the:

  • creation of digital hubs in about 20 countries.
  • recruitment of marketers with data capabilities
  • investment in cloud-based tools, in order to be able to centralise and surface data from more than 150 different data points.

Unilever example

3. DATA COMPLIANCE AND WALLED GARDENS

data compilation and walled gardens

As you can imagine, data management and data control are becoming more and more intertwined. So, here are some factors to consider:

  • Security: marketers and developers need to be responsible for the users’ data security
  • Privacy: GDPR is the beginning of an era where marketers need to be very careful about how they use customer data
  • Integration: continued efforts to centralise online and offline touchpoints (by marrying transactional data, sentiment data, social media data)
  • Machine Learning: turning data into insights (google analytics) and personalising customer experience.

Please let me provide you with few examples:

Lloyds bank identified GDPR as an opportunity to educate its email subscribers about the parameters and requirements around GDPR. They did this through an email campaign and  helpful pages using laymen’s language under their website. Following this re-direct of emails (bank statements and so on), customers have been very appreciative of this action. This is a kind of boost of customer trust and loyalty.

L’Occitane did a research into the abandoning shopping cart on their site. Essentially, they fired up a layer onto the screen. This led to an increase by 2.65 % of the conversion rate per visitor. It had a major impact on the bottom line.

L'Occitane revenue uplift

4. Top marketing challenges

Yet, what are the top marketing challenges organisations face?

Top marketing challenges in 2019

Here are the main identified challenges:

  • Lack of internal resources
  • Inconsistent experiences throughout the customer lifecycle
  • Difficulty in tracking marketing effectiveness and media/ad spend
  • Difficulty getting a holistic view of customers across all interactions.

Ultimately, marketers need to think about the flow of information through the entire partner ecosystem.

Withal, interviewees for this report identified issues with walled gardens, principally Facebook and Google. Marketers must determine whether the long-term commercial objectives are best served by operating in these closed platforms. Inarguably, these platforms offer only a bridged insight in customer data. This theme brought an increased attention on data retention of sharing practices of Facebook and Google.

5. Increased uptake of Artificial Intelligence (AI)

We can review on a broad spectrum and split it into two classifications:

  • Human-styled artificial intelligence
  • Task-oriented artificial intelligence.

How is the Artificial Intelligence (AI) being applied?

It’s been mostly used to analyse data. That’s because humans can’t analyse large amounts of data. Inasmuch as AI can mine huge amount of structured and unstructured data generated by campaigns and user interactions. This freezes up time for marketers to deliver higher value tasks.

In terms of analysing data, AI and marketing can be used to:

  • create unique customer profiles (personalisation)
  • provide relevant experiences such as delivering dynamic website content, based on personal behavioural data
  • generate content well to increase engagement rates
  • optimise intelligent digital advertising, based on buying history and interactions.

In summary, I would like to leave few with the following recommendations:

  • Educate your organisation about the potential of Artificial Intelligence and machine learning
  • Strive for integrated customer experience, marketing technology and advertising technology
  • Activate customer data on prescriptive and predictive meaningful analytics insights. This requires the right tools to compile first, second and third-party data, in order to enable that timely and personalised interactions. This can also improve attribution capabilities as well as leading to a better optimisation of the media mix.
  • Cherish your data as a marketing asset to the wider business. Be wary of walled gardens. By combining data from various touchpoints, you can create that personalised experience and a ‘single customer view’. Data must be fully harnessed and companies need to be able to access it without restrictions.
  • Keep pushing the customer-first agenda within your organization. It might also mean educating your customer facing colleagues about their own value proposition. You need to help them understand their role in the customer experience strategy, by empowering them to make decisions.

And now, I’m handing back over to Jamie Brighton.

PRESENTATION N°2: JAMIE BRIGHTON

At this point, we’d like to think what you can take advantage of in the digital trends. Now, I highlighted at the start of the presentation that we’ve seen things like Social Media Management, Video Advertising coming up as focuses.

1. Platform for Personalisation

a) 3 areas of focus for 2019

Digital Trends 2019 – Data is the key to creating greater customer experiences

Needless to say, Personalisation has come out as a key area of digital focus for marketers over the last 9 years of consultancy research.

However, I think it’s probably no surprise to see that Personalisation is again part of 2019’s priorities.  ‘Digital Transformation’, ‘Personalisation’ and ‘Having the right platform in place’ are key areas I’d like to concentrate on.

Let me give you an example. Harvard Business Review shows us that people organisations focusing on Personalisation have successfully:

  • reduced costs by 50%
  • increased revenues by up to 15%
  • improved their marketing capabilities overall within the business.

Personalisation marketing strategy

Often, marketers don’t know where to start due to lack of knowledge. Unfortunately, this is holding organisations back.

However, Personalisation really needs to start with people and process and technology. I’m stating the obvious but it’s really important to remember.

We, at Adobe, believe that there are 3 fundamental pillars to getting ‘Personalisation’ right.

b) 3 Key building blocks to success

building blocks to success

  • Data and Audiences: you need a data platform to understand who your customers are. Then, you need to segment those audiences and communicate with them via your Personalisation strategy.
  • Content: Once you understand your audience, you obviously need to communicate with them and give them the right content. So, having content and data together in the same platform becomes critical.
  • Strategy: When you have those things together, you’ll need to know:
    • where to personalise
    • how to personalise
    • what’s the right time within the customer lifecycle to put a message in front of your customers or prospects.

So, I’d like to spend a bit of time thinking about these key requirements.

2. Key requirements

a) Content Foundation

Content Foundation

Any platforms that you invest in should enable you and your teams to offer content in an intuitive way. The interface/environment should make sense to them to use and re-use core components out of the box (your sites, your apps, your general interfaces).

This means you can get time to add value, instead of investing in re-building, or re-inventing the wheel. Also, content you produce in your team’s build must not be locked up in the Content Management System (CMS) or HTML system (that can only be rendered in a web page).

Intuitive authoring, Reusable content, Content anywhere

We need to be able to:

  • syndicate content, whether it’s to affiliates’ social sites
  • understand how that content is going to be displayed
  • make sure it complies with all the guidelines for your brand
  • get content out to whatever channel/device your customers use to engage with you.

b) Insights

Insights

Insight manifests itself in a number of ways. Fundamentally, we should be able to understand how that content is being consumed. This will allow people who are building that content, to have all the data they need. This will result in informed and intelligent decisions about the next iteration of that content or the next campaign that they want to set up.

Besides, this also means that they need to be able to visualise where customers/prospects are engaging with that content through things like Heatmaps, Clickactivity maps.

Moreover, if you have already the data in a platform like this, you should start leveraging Artificial Intelligence, in order to detect abnormalities in the data.

This means alerting you to how the customer behaviour is changing, in order to present with potential opportunities.

This might be:

  • spiking customers’ visits
  • dropping conversation rates.

Then, you can adjust in real-time the experience for your customers, to make sure you are not missing out.

c) Personalisation

Personalisation

So, it should be very straightforward for you to create a page and an element of content.

Yet, within a couple of clicks, test that content and work out whether it resonates better with different segments of your audience.

Or even, use AI through Adobe Sensei to target individual customers within your customer base with the most relevant experience within their customer journey.

3. Unlocking the value in data

a) Move faster and smarter with an integrated DMP and Analytics

Well, I’d like to get a little bit tactical here. Often, organisations want to marry together their analytics platform with their Data Management Platform (DMP).

Unlocking the value in data: move faster and smarter with an integrated DMP and Analytics

b) How it works

This effectively means bringing together:

  • the first-party data (your owned customers’ data)
  • analytics tool
  • with the second and third-party data (available from the Customer/Data Management System).

As a result, you can get a little grainier about the reports/segmentation you are running on your customers.

How it works

c) Quantify value of 2nd and 3rd-party data insights

Next, let me give you a few examples on how it’s going to help you. Having these two platforms/pieces technology together means you can have a much better understanding about who your customers are and how they are behaving.

Quantify value of 2nd and 3rd-party data insights

Increasingly, organisations invest in second-party data, where there is a trusted relationship between the two brands and an overlapping of their customer base. They share the customer profiles within their organisations. Thus, they can provide a better experience for the customer in the long run, through better targeting of content and advertising.

That also means a better understanding of how your campaigns are performing.

d) Calculate media campaign effectiveness

It also enables to think about how we can use information from on-site behaviour to be more targeted off-site. These first, second and third-party data enable the use of online customer data and information, to drive more advanced targeting of off-site advertising. By using that information and surfacing it in the DMP, we can make more informed decisions about what advertising to serve to customers or prospects, based on that site’s behaviour.

Calculate media campaign effectiveness

Another idea is to consolidate online and offline data.

e) Consolidate reporting across online and offline assets

Through analytics platforms, there is the ability to import purchase history and behaviour in physical points of retail, for example. By tying these together, we can understand the impact of digital behaviour, digital experience on the in-store or offline experience, and vice-versa.

I’ll just call out an example here. A travel company is able to:

  • overlay destination preferences with purchase behaviour
  • see which audiences have a high propensity to book with this particular travel organisation.

That can be used to re-target individuals off-site. It could be somebody who has abandoned half-way through the booking process. That information can be used to do a much more targeted serve. This will get them to come back later and complete that transaction on the site.

Consolidate reporting across online and offline assets

f) Audience Analytics: Real World Success

Consequently, organisations are starting to take advantage of this type of capability.

Audience Analytics: Real World Success

4. How we can win a digital transformation?

McKenzie’s research shows they are some challenges to getting digital transformation right.

What is blocking your digital transformation?

The organisation fails when it is not making sure that organisational culture is actually on-board for the change they are trying to bring about.

a)The Adobe digital marketing capability maturity model

First and foremost, we, Adobe, believe that one of the best way to understand this, are to:

  • benchmark your own organisation and its competition
  • understand where you fit within a maturity scale.

The Adobe digital marketing capability maturity model

The Adobe digital marketing capability maturity model (continues)

b) Prioritise areas of improvement with your stakeholders

Indeed, Adobe can help you focus on recommended actions for each pillar and dimension via a workshop with an Adobe representative.

Any output of the process is a very detailed report, which shows you:

  • your current score for each of those 7 dimensions
  • any gaps between where you are and where you would like to be.
  • a set of recommendations on how to bridge that gap
  • where you can have the biggest impact with the most effective spend.

Prioritise areas of improvement with your stakeholders

c) Re-evaluate priorities based on resources, complexity and reward size

Furthemore, you can also apply a standard cost/benefit analysis to understand where are the gaps compared with how the spend is going to be. This wil make a difference to your particular business.

Re-evaluate priorities based on resources, complexity and reward size

Additionally, that helps with building a case within your organisation.

d) Build the case beyond Return On Investment (ROI) and cost-saving

Build the case beyond Return On Investment (ROI) and cost-saving

So, to wrap up, a maturity assessment will give you an understanding of where your strengths and weaknesses are. They identify as well the key opportunities you can embrace when it comes to people processing technology.

 

 

 

 

 

 

How to generate business growth through Facebook advertising funnel

Facebook advertising funnel

I signed up for a Learn Inbound Marketing event a few months ago and I must say the content of the Facebook Advertising funnel presentation was outstanding! It also complements very well my previous blog post on Instagram organic and advertising growth.

Facebook Advertising funnel

This presentation delivered by Susan Wenograd is divided into 4 topics:

  1. Mistakes advertisers do with Facebook Advertising
  2. Facebook Advertising funnel
  3. Creative Ads
  4. Beyond selling: messenger and bots in a new era of service & growth.

If you prefer listening to a podcast than reading, please find the presentation recording below.

If you have a more visual memory, you will find the podcast transcript and powerpoint presentation further in this article.

PODCAST transcript

1. ADVERTISERS MISTAKES WITH FACEBOOK ADVERTISING

  • The first error advertisers do is to open an account and go straight into the conversion campaign.
  • Then, the target population told by Facebook is probably more than what you are trying to reach. I’ll explain to you what I mean. When you pick the actual targeting, for eg 1.4 million people, in reality in that pool of target audience they are not all likely to convert. Indeed, some may prefer watching videos, others engaging with your posts and a portion will convert into customers. Consequently, when you select that ‘conversion campaign’ target, you are actually selecting a very small subset of that 1.4 million people.
  • Besides, the conversion rate has the highest Cost Per Mille (see this article for more information on C.P.M). Indeed, they are the most expensive adverts you can run on Facebook.
  • Furthermore, by selecting the conversion campaign, you are trying to optimise towards the very high-value action, for which Facebook wants you to have 50 conversion events firing per ad set per week. That’s a lot!
  • In addition to the expensive adverts with limited audience data, people usually need more than one experience to buy and convert.

Remember that on Facebook, people have no idea who you are, why they should buy your stuff. So you have to convince them like pretty much in any other sales cycles. It’s different from Paid Search (SEO), where people are looking for you.

2. FACEBOOK ADVERTISING FUNNEL

Why an advertising funnel? Funnels are used in marketing and advertising to think about the long sales cycle.

The funnel follows 3 stages:

  • Awareness:
  • Consideration
  • Conversion.

So, you need to complete one stage before moving to the next when you get started with Facebook Advertising. Make sure to run one campaign at the time.

  1. Awareness: this is the lowest cost phase of them all. You use cheaper campaign types to cast a wide net and identify interested users through:
  • Video views
  • Reach
  • Website Clicks
  • Post Engagement

2. Consideration: this is when your audience is warm, has started to know you. You can use campaign types such as:

  • Website Clicks
  • Reach
  • Conversion

This time, you will measure more their reaction to your advertisement such as users who:

  • watched 10 seconds of your video
  • interacted with posts
  • submitted lead ad.

3. Conversion: this is when the audience is accustomed to you and ready to convert. During this phase, you will use retargeting strategies.

To manage complex funnel cycles, let’s use a good methodology.

3. CREATIVE AUDIT

A creative audit starts with the brainstorming of ideas for posts. For this:

  • make a list of things to offer or sell to your audience. Think about the content to repurpose. Go through the list from top to bottom. Now you have enough of content to get you started.

Facebook Advertising funnel

4. Campaign types

Let’s talk about them. Pick an asset and find a good and cheap way to run it.

  • Got videos:  Video view campaigns
  • Downloadable content: Lead ad campaigns
  • Healthy conversion data: Conversion campaigns.

5. AUDIENCES

Aligning with audiences, email list and website traffic are generally the two main ways for people to create custom audiences.  You can do so by, for eg, uploading your email list, specifying certain URLs…)., like in any other types of remarketing.

In the last year and a half or so, Facebook released ‘Engagement Audiences’. This is meant to get people to stay on Facebook and consume content within the platform. Most people don’t want to click and be re-directed to another site.

Consequently, Facebook created ways to retarget these people based on what they did on Facebook like:

  • video watching time, i.e engagement
  • lead form fill out
  • interaction with/on your page…

When you create a custom audience, you tell Facebook ‘I want you to find more people like these’, which Facebook calls ‘look alike’.

When you do that, consider how much percentage of the population you want to match to the audience you specified. If you are on a restricted budget, select a small percentage. Contrarily, if you have a large budget, pick 5+ % or more of look alike.

Then, start testing:

  • exclude people/interests or include others
  • Facebook feed or Instagram
  • mobile vs desktop

Think about what you are optimising for, so don’t pick a conversion campaign unless you have 1.5 million followers or more.

5. Return on Ad Spend (ROAS

Auto-bidding does most of the time a better job because Facebook has more data than we do and bid more strategically.

There’s a new feature rollout for e-commerce, the optimisation to value, i.e optimising return on spend. It works very well.

Don’t generalise too much about creatives. Follow these tips to get a better ROAS:

  • Video: high engagement, low conversion
  • Static image: cheap, still has a decent conversion
  • Slideshows: generally don’t do great
  • Carousels: generally get great results from them, high interaction. However, testing is crucial (ensure it picks the correct images)
  • Canvas: expensive and can be difficult to get results.

Why creative matter to your media cost?

It is because it’s highly related to ‘relevancy scores’. A relevance score measures how relevant you are to people you are targeting to. You can add it to your campaign. The higher relevance score rewards you with low media cost/spend.

Relevance scores are based on social interactions (likes, comments, shares, loves…), in other terms to the virality of your posts.

6. PRO TIPS TO GET INTERACTIONS

Start A/B test ads assigned to post IDs. If you duplicate that ID, it gives another ID number but it’s the same ad. You can cumulate social proof by ID. Stack that proof in a split test with two IDs/posts having different types of interactions.

When you create an ad. follow these steps:

  • Click on that ‘preview’ arrow and then view your Facebook post with comments.
  • Look for a URL at the top, that’s the ID you want.
  • Copy that ID to your other ad.
  • For that, you go to your other Ad set B, select ‘create an ad’
  • Click on the button for ‘use existing post’ in the post ID
  • Paste that ID there.

Now everything that cumulates on that ID will show up in every ad set that you put that ID into. It makes your social media proof stack up way faster than having to run several ads in silos. You only have to do it once. You can do the same with another ad by adding your ID.

Warning: A/B testing is hard on Facebook because:

  • you can’t have multiple ad units in the same. They will always add more relevance to video campaigns than any others. It will only select that type of campaign
  • Rotation 50/50 picks the campaign with the highest social media proof because Facebook doesn’t want people to leave their platform.

7. SOLUTIONS TO A/B TESTING ISSUE

  1. Create a split test with two different targets that do not overlap. Choose what you want to split test. The issue with split testing are:
  • it must remain within a set budget
  • the ad has to end, it can’t run continuously with your winning test ad.

2. Facebook recently invested in ‘dynamic creative’. You can add up to 5:

  • headlines
  • text
  • line ads
  • calls to action
  • videos…

It will automatically test and rotate all that for you.

Warning: It won’t tell you which is the best picture, it will only provide you with the best combination. So, you won’t know what’s the ad winner.

8. The FUTURE OF FACEBOOK ADVERTISING FEATURES

Facebook is currently running out of Advertising space in the newsfeed.

So, here are few solutions to remedy this issue:

  • Place ads in Messenger. That’s a better way to monetise.
  • The chatbot is becoming a thing for e-commerce with its automatic responses walking customers through all the way to purchase. Its virtual assistant also guides and advises people and offer a free shipping voucher at the end. Facebook, with its chatbot, is leveraging itself as a customer service platform.
  • You can also buy and sell in the ‘Marketplace’. It has a lower reach. Nonetheless, it is less crowdy and competitive. But most importantly, it’s a very cheap way to advertise as it costs only 1$ per CPM (1$ per 1000 impressions).

Keep an eye on new features as there are new things rolled out every month. I would deter you from using third-party. Indeed, the can’t keep up with what is going on.

For those who would like to download the Powerpoint slides containing more visuals and her contact details, click on the link below:

Facebook Advertising funnel Powerpoint presentation