Using Data to Achieve Your Business Objectives

The chart below was in reference to a digital marketing plan that I compiled for Grainger/Bosch, as a project for my University of Illinois class. However, this could apply to any business. Data and solid research is going to drive any marketing plan, but it begins with asking the right questions that address objectives. The chart is a snippet of a solid marketing plan, but its basis is something to keep in mind when formulating a marketing strategy.

BUSINESS/MARKETING OBJECTIVES/KEY QUESTIONS

OBJECTIVES         KEY QUESTIONS & DATA NEEDED               DATA >SOURCES   

Build Awareness What is leading consumers to Grainger/Bosch (Search)? Are the sites effective? Are emails leading to gains in sign-ups/data base?Keyword Search, Email Open Rate, Click Rate >Google Analytics Similarweb .com
Influence ConsiderationWhat information are consumers viewing? What competitors are they looking at? What social media do they use to consider?Time Spent on Site, Page Visits, Referral Rates to Page> Google Analytics Similarweb.com Social Media Analytics
Improve the Sales ProcessWhat is happening in the sales funnel? Did the consumer sign-up for emails? Did they abandon their cart? Did they purchase?Conversion Rate, Sales Rate> Google Analytics Similarweb.com Bosch/Grainger Reports
Reposition the BrandGet consumer feedback. Did the consumer buy additional products? How can marketers drive them back to the site & increase sales?Sales Rate, Additional Products/Cart, (New) Email Open Rate > Google Analytics Similarweb.com Surveys  
Increase LoyaltyWhat is the percentage of return customers? What is the referral percentage?Referral Rate, Rate of Return Spend > Google Analytics Similarweb.com Surveys

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