Data showed only 7% of Fort Worth's target market was aware of city
attraction. Our campaign changed that and generated 300,000
additional room nights.
Return on Investment Marketing™
Data driven. Obsessively.
Unlike many marketing communicators, we love data.One number is our entire focus:ROI.
The other numbers are the tools we use to deliver it.
You can't get to where you want to go if you don't know where you're
starting from. That's defined by data: share of market;
preference; target market awareness and attitude; share of voice;
and more.
Many marketers think they don't need research to tell
them about their customers. But the data show they're
wrong. In a recent study quoted in the Harvard Business
Review, 90% of CEOs thought their customer satisfaction
levels were at least 40% higher than they really were.
What drives purchase intent? Just about every retailer
says price, but data show price is the third or fourth
determinant. (That's lucky, because unless you're
Wal-Mart, e-Bay or a guy selling TVs that fell off a
truck, it will soon be impossible to compete effectively
on price.)
Is your marketing communications program getting the
right message into your prospects' heads? Your neighbor
isn't the one to ask. Not your spouse, either. Unless
they're a demographically, psychographically,
statistically-projectable match to your target audience.
Good data is cheap. And priceless.
Research is a tiny fraction of any marketing
communications budget. So even though it tells us pretty
much what we expected nineteen times out of twenty,it's an affordable insurance policy.And that twentieth time – when we're surprised –
good data can prevent a marketing disaster or identify a
gigantic opportunity.
Sounds like we're selling data. We're not. We advise our
clients to buy it, but not from us. Since one important
use of research is measuring the effectiveness of our
work, we insist that a third party provide it.
We do, however, have a vested interest here. The data
that our left brains slice, dice and analyze are the
basic building blocks our right brains use to construct
marketing communications successes. The better the data,
the better job we can do.