One of the most important marketing activities you will ever do is analyze data. Without it, your business decisions will be based on your gut, rather than real information.
For all of our clients, we always begin by understanding what the reality of the business is. What does the data say about sales, ideal customers, the frequency and size of the transaction. This is the kind of information necessary to create an effective marketing strategy. Marketing efforts are not everything though, we have to pay attention to the data and make optimizations accordingly.
For a Business to Business (B2B) client that manufactures custom cases (solid exteriors containing foam cut to specs of the objects to be carried as in photography or medical equipment), we established two layers of activities. First, we started with Paid Search, targeted to specific geographies surrounding their manufacturing locations. We then layered in display retargeting to increase frequency.
In B2B, lead generation is the key to new sales. Because these are businesses selling to other businesses who in turn sell to the end user, finding new clients can make a tremendous impact. Tracking how a new client came into the fold and adjusting to find more like them is key.
Each week, a report with the leads from the website are sent to the client with details on the keywords and location of user. Through this process, they will understand what is being searched to find their products, and make educated decisions about adjusting keywords, changing targeted geographies or budgeting by day of the week.
Our client then tracks the leads on their end and categorize them by industry type. Then, we cross-reference with different data points to determine where and how to make campaign optimizations. The first sizeable piece of closed business for our client was for a multi-year project amounting to more than $300,000!
Additionally, this information helps us change keywords we are using to drive business. An example of a change includes the removal of keywords related to military and guns. Because of the large market for gun case consumers, we determined that consumers using those keywords were primarily end users rather than business purchases. Thus, the keywords were eliminated from the campaign.
After making optimizations based on data, such as eliminating certain keywords/industries and implementing re-messaging, we increased Paid Search conversions by +160% in one month (compared to previous month), by increasing the conversion rate +140%! You can also see from the chart below that the percentage of new users closely matches the increase in users overall at approximately 30% month to month. Additionally, sessions to the site improved incrementally while bounce rate decreased by 70%; this traffic highlights that our clients were quality, interested parties. Without the data or assessment of the business that $300K sale may never have occurred and optimization opportunities would have been missed.