Marketing Lessons from the Beautiful Game
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Transcript of Marketing Lessons from the Beautiful Game
Marke'ng Lessons from the Beau'ful Game
Football and marke.ng are more similar than you may expect. Both have undergone drama.c revolu.ons.
Football's transforma.on (intelligent play tracking, speed profiling, and heat maps to plot play), now allows match data to inform game strategy and fans enjoyment!
Marke.ng; especially online adver.sing, is playing a similar game.
In both worlds, if you know where your best players are, what they're likely to do and where things can improve, you can play the game to your advantage.
“There has been a revolu/on in football... Clubs are becoming smarter, more efficient. On shows such as Match of the Day: it began with coun/ng corners and shots on goal, but recently the analysis has become more whizz-‐bang; not least speed profiling and heat maps, which plot a player’s movement around the pitch. But this is just a frac/on of the data that can be collected during a match.” -‐ Tim Lewis The Observer, March 2014
Measuring Effec'veness to Transform Your Game Plan
To get out of a rut in sports or in marke.ng, you need to measure effec.veness from all angles. Look holis.cally for improvement and you can transform your strategic approach – even if those improvements are found in unexpected places.
“Football is much more of a game of chess than people realise. It isn’t random what each team does from one game to the next. There are paMerns.” Marcus du Sautoy, Professor of Mathema.cs at Oxford University
Ques'oning the Absence of Offline Sales in the Measurement of Online
Adver'sing's Effec'veness.
Online ad buy effec.veness is measured on an ads ability to convert clicks to conversion. But that measurement overlooks the rela.onship of online ads to offline purchase. Offline s.ll makes up the large percentage of the
market, so for ads to be truly effec.ve, surely they must consider the full channel purchase
environment?
First Half: Tackling Inaccuracy Do those who see banner ads buy
more in-‐store than those who don't? Does ad frequency make a
difference?
Inaccuracies such as too narrow an industry focus must be considered. With banner ads, a key area of inaccuracy may lie with the infinite varia.on poten.al of online adver.sing.
Elements like sound; video; even size and colour in
Banner ads can skew results and effect purchase.
Second Half: Playing the Game Did individuals who saw targeted ads make more offline purchases
than those who didn't?
"Behind every kick of the ball there has to be a thought" — Dennis Bergkamp
Acxiom collated over two years of performance data on hundreds of banner ads
placed by over 50 companies, in industries
from finance to travel, auto to insurance.
Enabling a precise, individual-‐level target match, only the most relevant people received the right ads, at the right .mes.
But what were the results?
Right from kick off, analysis hinted that banner ads drove incremental in-‐store revenue, though tradi.onal measurement parameters such as click-‐through would have shown no rela.on to offline sales, and deemed the ads ineffec.ve.
Exposure frequency and volume also affected results (mul.ple exposure over extended .me periods to raise brand awareness was deemed most effec.ve). On average, tracked banner ads drove $9 of sales for every dollar spent on adver.sing, and most sales were made offline.
Making over a beau'ful game What can marketers do differently to amplify the effec.veness of online ads, and influence offline
purchase?
Do:
• Target ads. Targe.ng is surprisingly under considered in banner ads. Display appropriate ads to small segments: personas most likely to purchase.
• Mul.ple ad exposure over extended .me periods is most effec.ve, so show targeted ads to targeted segments between seven and 15 .mes a week for four to eight weeks for full brand awareness effects.
Do:
• Keep a control group to test effec.veness and avoid false results.
• Priori.se ad funding based on upper funnel prospects to drive incremental sale – minimise high-‐priced ad products such as lead gen and retarge.ng.
• Synchronise online campaigns with other email, direct mail and other targeted media.
Don’ts. Banner ads will fail if:
• They are not frequent enough. Fewer than 10 impressions per person will not be repe..ve enough to influence behaviour.
• They are too frequent. More than 100 impressions per
person can lead to prospect burnout. • Campaigns are too short: four to eight weeks is
op.mal.
Don’ts. Banner ads will fail if:
• You shig budget. Reloca.ng spend mid-‐campaign to focus on tradi.onal online ac.vity disrupts the effect of ads on offline purchase.
• Content changes too much.
• Content doesn't vary across campaigns. The same message aimed consistently at the same people makes it easy to ignore.
Ul.mately while more research is needed into industry type, the effects of ad crea.ve and frequency; op.mised online banner ads that focus on targe.ng segmented individuals significantly, will cost effec.vely enhance offline sales.
Click here to find out more about how Acxiom can help you.