{"id":3356,"date":"2022-04-27T11:20:32","date_gmt":"2022-04-27T05:50:32","guid":{"rendered":"https:\/\/www.trendstechblog.com\/?p=3356"},"modified":"2022-04-27T11:21:11","modified_gmt":"2022-04-27T05:51:11","slug":"data-driven-marketing","status":"publish","type":"post","link":"https:\/\/www.trendstechblog.com\/data-driven-marketing\/","title":{"rendered":"A Guide To Data-driven Marketing"},"content":{"rendered":"<p>Data has become an important commodity for businesses that want to keep a keen eye on all aspects of their operations. Businesses now collect data from numerous sources, with data taken from customer interactions being valuable, as it is the most accurate data a business can collect. This kind of data can help shape, improve, and enhance a business\u2019 marketing strategy. Taking a data-driven approach means marketers have to use the right tools, strategies, and techniques to make the most use of this data.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-655ddf3a2fe1c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-655ddf3a2fe1c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#Data-driven_Marketing\" title=\"Data-driven Marketing\">Data-driven Marketing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#Data_Supporting_Data-driven_Marketing\" title=\"Data Supporting Data-driven Marketing\">Data Supporting Data-driven Marketing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#Personalisation_and_Data-driven_Marketing\" title=\"Personalisation and Data-driven Marketing\">Personalisation and Data-driven Marketing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#How_Beneficial_is_Data-driven_Marketing\" title=\"How Beneficial is Data-driven Marketing?\">How Beneficial is Data-driven Marketing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#Better_Customer_Experience\" title=\"Better Customer Experience\">Better Customer Experience<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#Plugging_Wastage_Gaps\" title=\"Plugging Wastage Gaps\">Plugging Wastage Gaps<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#Better_Content_Marketing\" title=\"Better Content Marketing\">Better Content Marketing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.trendstechblog.com\/data-driven-marketing\/#Better_Decision-making\" title=\"Better Decision-making\">Better Decision-making<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Data-driven_Marketing\"><\/span>Data-driven Marketing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is an approach to marketing where marketers formulate their strategies around the data the business collects and its analysis. It also includes a set of tactics and techniques that help marketers leverage the massive amounts of data they have at their disposal to target specific demographics, users, and visitors at a granular level.<\/p>\n<p>The analysis of this data coupled with using the right tools can give insight into broader trends, customer preferences, behaviours, and much more. Taking advantage of this data and the insights marketers can get from it can be vital to the success of a business and its marketing campaigns.<\/p>\n<p>Data-driven marketing was once a niche undertaking. However, the numerous data collection opportunities and changing consumer trends, behaviours, and attitudes have made it an essential part of any marketing strategy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Data_Supporting_Data-driven_Marketing\"><\/span>Data Supporting Data-driven Marketing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Marketing teams can collect data in numerous ways, some of the most common ones being interactions on websites and mobile devices apps. Using attribution modelling and marketing attribution, marketers can track all interactions users and customers have with their business, especially along their customer and purchase journeys. Analysing all this data can reveal which assets contributed to the most engagement, which marketing and advertising channels had the <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/053015\/how-calculate-roi-marketing-campaign.asp\"><strong>best return on investment<\/strong><\/a><\/span>, and where the teams should focus their efforts.<\/p>\n<p>Based on all this, marketers can tune their strategies and managers can tune business practices to ensure better customer experiences and the best return on their marketing investment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Personalisation_and_Data-driven_Marketing\"><\/span>Personalisation and Data-driven Marketing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Personalisation is often at the heart of data-driven marketing because, after all, the main aim of using the strategy is to make marketing as targeted as possible to ensure better conversions and thus ROI. Personalisation is quite complicated because it brings together data, media, and creative content. To truly personalise marketing, marketers have to focus on trends and behaviours while also keeping an eye on the adverts and materials, as well as the communication channels.<\/p>\n<p>Marketing channels are becoming more complex, requiring marketers to get more creative when creating marketing materials. Right now, marketers have to think about marketing using videos, display ads, and email as well as social media. Each of these channels is different and requires different types of creative marketing materials.<\/p>\n<p>Collecting data on what is working and what is not on each of these channels becomes very important once a marketer starts looking at how to get the best results from each of these channels.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Beneficial_is_Data-driven_Marketing\"><\/span>How Beneficial is Data-driven Marketing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data-driven marketing takes the guesswork out of marketing. Instead of spending money and time on strategies that do not work, marketers can use data to know what works and focus on that. To do this, marketers have to have the right skills and approach data-driven marketing the right way. Marketers can get the skills they need to drive success. An <span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/studyonline.aston.ac.uk\/programmes\/masters\/msc-business-analytics-suite\">online business analytics degree with a focus on digital marketing and analytics from Aston University<\/a><\/strong><\/span> is a great choice for marketers.<\/p>\n<p>The data-driven marketing approach increases conversions. Today, we are all bombarded with marketing all numerous businesses. An average person sees about 8 to 10 adverts daily. This desensitizes us to advertising and marketing unless the campaign is catchy and compelling enough. Marketers can increase the chance that we will respond positively to their marketing, using data to improve their marketing creatives.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Better_Customer_Experience\"><\/span>Better Customer Experience<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data-driven marketing uses an in-depth understanding of a businesses\u2019 customers to provide better user experiences. Customers who have a bad experience on any of a business\u2019 marketing channels will often leave, thus losing the business a sale, revenue, time, and marketing investment. The personalisation made possible by data-driven marketing can also help build trust between a business and its customers. The result is improved customer experiences and increased profits.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Plugging_Wastage_Gaps\"><\/span>Plugging Wastage Gaps<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A major challenge for marketers is knowing where their budget is getting wasted. Marketers can use data-driven approaches to determine where their budget and effort are having and making the most impact on their goals and objectives. These can include increasing brand awareness, getting people to join a mailing list, or converting to a customer.<\/p>\n<p>One way to do this is to check a business\u2019 <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/smallbusiness.chron.com\/unified-marketing-strategy-17612.html\"><strong>unified marketing<\/strong><\/a><\/span>. This is everything that moves a new visitor or interested person from this position and turns them into a paying customer. Marketers can check which of their activities has done the most to help move the potential customer along this journey and cut or improve the rest.<\/p>\n<p>By doing this, marketers can plug wastage gaps and ensure everything they do has a positive return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Better_Content_Marketing\"><\/span>Better Content Marketing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data-driven marketing can also help improve content marketing. By collecting relevant data, marketing teams can know which of their articles, videos, social media posts, and other content resonated with their audience. They can also collect data to know which data to post and where to post it to get the best response.<\/p>\n<p>Aligning content with your audience, their needs, and when they are more likely to read the content, will lead to better marketing outcomes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Better_Decision-making\"><\/span>Better Decision-making<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Over 70% of marketers agree that it is better to make decisions based on data than their gut instincts. Data helps marketers step out of the limitations set on them by theories they have learned and instead base their decisions on data coming from the larger market and their customers,<\/p>\n<p>Data-driven marketing has proven crucial for marketing teams that want the best results. It allows businesses and markets alike to understand their customers, tailor their messaging, and know where to focus to maximise return on investment and reduce waste.<\/p>\n<p><span style=\"color: #0000ff;\"><strong>Also Read: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.trendstechblog.com\/defi-nft-projects-to-watch-for-in-2022\/\">DeFi NFT Projects To Watch For In 2022<\/a><\/span><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data has become an important commodity for businesses that want to keep a keen eye on all aspects of their&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[103,153,741,205,248],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Guide To Data-driven Marketing<\/title>\n<meta name=\"description\" content=\"Data has become an important commodity for businesses that want to keep a keen eye on all aspects of their operations. 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