Tag Archive for 'roi'

Marketing during the Recession, Golden Rule #5: Identify and Leverage your Zero Cost Marketing Assets First

10
Feb
09

Most companies have a great number of zero cost assets that they do not leverage to the maximum. Obvious examples are: the brand / company website, consumer databases, proprietary locations, on pack… What is less obvious is how you make the most out of these zero cost assets. Many websites still have bounce rates superior to 50%… Meaning than more than 50% of visitors leave the site without seeing anything else than the homepage. Considering that by market standards a visitor costs around $1, one can imagine the ROI impact of working on this bounce rate. Another often mis-managed asset is Web Analytics. What a Marketing Manager can learn about his brand or product by analyzing the behavioural data consumers leave on a site is enormous and quite often surprisingly predictive. In most cases, one can predict the success of a product just by looking at the online audience. By analyzing Online audience and sales for one of our clients, we realized that a specific product was picking up much faster than others, and that helped changed the investment budgets to focus on this product on all channels and more than triple the efficiency of the overall launch campaign…

An example of a less obvious zero cost asset is the Brand Name. Most consumers search Online by using brand names. Too many brands don’t consider that and do not focus on the way to make sure that people that search for them effectively find them and go to their website.

Other very efficient low cost assets that are usually forgotten are Brand Ambassadors as well as company employees. They have a crucial role to play not only in spreading positive feedback around the Internet, but also in directly recruiting clients or other ambassadors (see rule #9). Bottom line, based on actual experience, for a mid size campaign, the full leverage of zero cost assets can represent up to 25% additional ROI on integrated campaigns.

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Stephan MONTIGAUD, Managing Director FullSIX China
Stephan oversees FullSIX activities over South-East Asia, managing local clients services for global accounts (L’Oreal, Club Med, Remy Cointreau) and developing business throughout the region (Schindler, Ferrari).

Stéphan started his career in 1995 at Publicis as a project manager and interactive marketing consultant working on the accounts Renault, Dunod/Bordas, and Radio France. From 1996 to 1997 he developed his technical expertise at the W3C (Massachussets Institute of Technology), the research laboratory in charge of defining web technology standards. Early 1998 he joins FullSIX to take charge of the development of interactive marketing capabilities for the Paris office.

Until 2004 he was a Managing Partner of FullSIX France, participating to strategic planning and providing clients services in relationship marketing to local and international accounts

Stephan graduated from Ecole Centrale de Paris, Ecole des Mines de Paris and holds an MBA degree from INSEAD.

Marketing During the Recession, Golden Rule #2: Define Clear and Measurable KPIs that Link to ROI

04
Feb
09

Defining marketing KPIs is not always as simple as it sounds. Strong marketing KPIs should be 5 to 10 maximum (that is what the Key stands for), and should link to ROI (that is what the Performance Indicator stands for). Defining few but clearly ROI driven KPIs implies having a clear strategic vision of how marketing contributes to sales and bottom line. As an example, Awareness (% of target that know the brand) is clearly measurable but has no direct link to sales or costs, and therefore to ROI. Relationship (% of target that has a relationship with the brand) is also measurable and has a direct impact on sales and costs. For a specific brand, consumers that are in the Relationship mode cost less to talk to (25 to 30% less) and buy more products (25% to 35%). Therefore, Relationship is a KPI that links to ROI. Setting the appropriate set of KPIs and building the most efficient tracking tools to measure them across all actions is the key to measurable and manageable marketing, and therefore to strategically manage your budgets and efforts. This has become achievable in the past few years for all marketing and communications fields, but has become an urgent imperative during this crisis.

For further information about KPIs elaboration and the Engagement Index, please refer to the Engagement Index & ISARA presentation.

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Pierre Santamaria - OTO Research General Manager
After starting at the BNP as a financial controller from 1991 to 1993, Pierre Santamaria (ESCP / Dauphine) joined Altist, a management consulting firm, where he designed and managed the new technology activities until 1998. From 1999 to 2006, he founded(is this right?) the Columbus Consulting Firm, where he ran many projects for major clients such as Nouvelles Frontières, BRED, Société Générale, France Telecom and EDF. In 2007, he was appointed by Rafi Haladjian General Manager of Ozone, the Wi-Fi metropolitan operator to manage the company’s merger with Neuf Telecom. In 2007 he became General Manager of OTO Research, the new generation research Institute of FullSIX Group, where he is in charge with the development of tools, services and ad hoc solutions, aimed at approaching the market from an innovative point of view.

Marketing during the Recession, Golden Rule #1: Don’t Panic and Just Cut. Cut Only what you can’t Measure!

02
Feb
09

The point is not to spend endless time discussing about what channel or action is structurally more efficient. Truth is that efficiency is the result of a mix of communication planning, creative and targeting per cluster. The first thing to do is figure out what actions are effectively measurable against what KPIs. The basic rule that should be applied is that if you can’t measure it, you can’t manage it. And investments that you cannot manage are no longer viable in tough times. The thinking behind this is that if you can manage your marketing, you can fine-tune the creative, the channels and the targeting to increase ROI. When effectively done, the performance increase can be up by 40% in a short time frame. Marketing has entered an age where measurability and agility enable constant improvement of knowledge and performance. This crisis makes it imperative to implement this new opportunity.

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Filipa Caldeira, CEO FullSIX Spain
Filipa holds a degree in business and administration from Universidade Católica Portuguesa. While finishing her studies, she launched her career with an internship in the marketing department of Microsoft Portugal. In 1994, Filipa joined Procter & Gamble Portugal as Assistant Brand Manager for Tide, then Fairy. In 1997, she moved to P&G Europe in Brussels as European Brand Manager of Ariel. Filipa next launched a master franchise of fast-food company Taco Maker in Portugal and opened five stores, that she sold in early 2001.

In September 2000, Filipa founded an interactive marketing company Be Interactive, which was bought (51%) in 2001 by FullSIX. Since 2001, Filipa has been leading FullSIX Portugal to gain and consolidate its leadership position, launching in the meantime two other business units: DMC (online media agency) and Six&Co (interactive agency). FullSIX Portugal has reached around 11 millions of revenues in 2008, with more than 100 employees. In 2005, Filipa also took the responsibility of FullSIX Iberia, launching FullSIX Spain, who has currently a team of 40 employees.

Insert Coins!

28
Apr
08

In the era of media fragmentation, your target is multitasking between TV, internet, mobile, in-game, instant messaging, social network…
So what the F*** is the best strategy?

Let’s play with your ROI…

The Bowling Strategy

Media planners are now reacting and preaching a bowling strategy with a ‘360° approach’: Each media is a bowling pin and your two bowling balls are the communication investment waves you have to reach your target. If you’re lucky/agile you’ll hit it at the right angle to get a strike or at least a spare.

But if you’re not… you’ve just killed no birds with two stones!
;-)

What about a cool pinball game?
Size does not really matter… you can still have fun with smaller balls!

The Pinball Strategy

The pinball (your investment) is way smaller but the goal of the game is radically different too. Its no longer about a linear ’shoot’ but rather a surprising continuous game. Some of the tools (flippers, shaking the machine) are under your control, others react themselves (bumpers, ramps…) and help you if you play the game well to increase your score.

The goal now is to develop non-linear strategies, and to keep a small ball going and going, bouncing around everywhere giving you unique opportunities like extra balls and jackpots.

Same player plays again?




The TrendWatch:


The TrendWatch is the collective postings of some of the FullSIX Group’s designers, strategists, and consultants on new media and marketing trends. It is meant to be an impromptu think-tank, and is a way for us to share theories and beliefs about how we think communication and connectivity is evolving.

We work for The FullSIX Group; a leading full service marketing agency with digital DNA. From our 15 international offices with over 600 employees, we constantly embrace and encourage innovation to make integrated marketing and communication campaigns that are more accountable and efficient for our clients.