Source: http://socialmedia.biz/2016/05/26/4-reasons-why-your-marketing-data-is-important/
Are you looking into your marketing data? Harnessing the right information ensures successful marketing campaigns. Wrong data on the other hand causes failed campaigns. Below are other reasons why you should never ignore your marketing data.
Filter out the reasons why you lost sales.
- What went wrong along the way?
- Why people opted for your competition?
- Is your unique selling proposition aligned with your customers’ needs?
- Plot your answers and build a stronger message to get more customers.
Discover your customer’s buying patterns.
- Regularly check what’s working in your business.
- Have consistent data to analyze.
- What is the path your customers are most likely to follow?
- Which solutions are bought?
- Which types of audience are running from your campaigns?
- Break down customer behavior and continue using something that worked before.
Understand what people want.
- How did your target groups react to certain triggers?
- Get ideas on the mob mentality in the market.
- Understand their past behavior – actions, comments, etc.
- Get insights and make your marketing stronger.
Know how you earned new customers.
- How many customers did your campaign bring in?
- What are their values?
- How much did you spend?
- Justify your spending, find your marketing ROI, and fine tune your next campaign.