Yep – I’m eeking out as much as I can about my recent visit to the Interaction Marketing Summit hosted by The Taylor Institute for Direct Marketing at The University of Akron. We heard from experts in the field of content marketing, creative design, and data. The event was kicked off by marketing super-genius Lisa Arthur, CMO at Teradata one of the largest data warehousing & marketing firms in the country. Arthur not only kicked off the event with a keynote address that inspired attendees to “…lift up marketing to new heights,” she was also the recipient of the event’s Direct Marketer of the Year award. So, long story short, she knows her stuff.
Long ago I had a boss who used to tell us, “Don’t try to sell vinyl siding to a brick house.” The optimist in me says that many brick houses have a small amount of siding, but I knew what he was getting at. His words were spoken to a team dedicated to outbound call campaigns. Fortunately, 12 years later, the message still rings true. Whether you are making phone calls or designing marketing campaigns that cross over multiple mediums, knowing your audience is the key.
During Arthur’s presentation, she provided some insight from her recent book Big Data Marketing, and shared the importance of collecting and using customer data to provide a great customer experience.
The Five Steps of Data Driven Marketing
- Get Smart: Get Strategic: Plan your campaigns appropriately. Know your audience and make sure you aren’t wasting your marketing dollars targeting the wrong audience.
- Tear Down the Silos: The relationship between Marketing and IT is crucial. Your IT department can help you track and report on important customer data. Your marketing team should have a dedicated IT liaison who can help to communicate the information that is needed to
- Untangle the Data Hairball: This sounds gross but it really needs to be done. Only 18% of marketers believe that they have complete and useful data. Don’t be afraid to ask your customers to update their preferences or go a step further by having them request the specific types of messages they want to receive from you. Don’t try to sell vinyl siding to a brick house.
- Make Metrics Your Mantra: Find a good method for collecting and categorizing your customer data. Use your CRM system to its fullest potential – use your newly-broken-down silo approach and ask your IT contacts for customizations of your CRM so you are able to report on and use your customer data. Track your open and click through rates. Take advantage of Google Analytics by adding UTM tracking codes to your campaigns.
- Process is the New Black: Make a list, check it twice and all that jazz. Create a process for each of your campaigns and stick to them. If you want to be able to respond to your customers in real-time, process is the way to succeed.
Do you have any other advice for data driven marketing? Share it in the comments!