Digital Marketing Framework
Digital Marketing Framework
Desire
Makes a decision to
purchase a chosen product.
Decision
Enters the customer loyalty phase.
Retention
MODULE – 1 INTRODUCTION TO ONLINE MARKETING 32
Steps of funnel
Here’s the scenario of a typical consultation with an insurance agent selling you a
policy.
Awareness Desire
The insurance agent starts by asking you You may then inquire whether the insurance
whether you’re aware that you should have policy you intend to get is the best deal out
an insurance plan to protect your finances there, and your insurance agent will
in the case of an unfortunate incident. highlight the key advantages of their
policies compared to other insurance
companies.
Interest
Should you develop interest, she’ll go on to
explain different insurance policies (life
Decision
insurance, investments, etc) that are Once you’re convinced, she’ll hand you a
available. form to fill in your application.
Digital marketing can complement your traditional marketing efforts and vice versa. For
example, ABC Flower Store can hand out coupons to their shoppers upon checkout at the
cashier. These coupons can then be used on ABCs e-store where customers can create a
membership account and receive a discount on bouquets ordered online.
Furthermore, ABC Flower Store can track (via digital analytics) how many customers
actually used these coupons, and can use the data collected (email address, mobile no.,
mailing address) to build a loyalty program via email, mobile, mail postage.
Phase 3: Analyse
Phase 4: Optimise
Once you’ve ran your campaigns, you need
to collect and analyse data (e.g. which This is the crucial phase, where you make
channels generate more ROI, which minor to major changes (e.g. from lowering
audiences are more likely to purchase) in your ad spend on a digital marketing channel
order to further optimise and boost your to targeting different audience segments)
ROI. based on your digital analytics data.
What to Analyse?
There are a ton of metrics you can measure and
analyse – From audience demographics, acquisition
channels, average time spent on landing pages,
2 bounce rates, top conversion paths, to dozens of
6
4 goals and smart goals in each digital marketing
6
campaign. What you need to analyse depends on
the objectives you’ve set and the type of digital
marketing campaign you’re running. Below are
some two key things to track and analyse for an
overall digital marketing strategy.
In your Google Analytics reports, navigate to Audiences => Overview and you can
segment your audiences by demographics, interests, geolocation, device types, and
more.
What to Optimise?
There are a ton of things to optimise in your
entire digital marketing campaign.
With this knowledge on hand, we can craft our marketing collateral (both online and offline) in a
particular tone and style that’s targeted to this demographic. If we have data where they often
hang out, e.g. which websites, social media platforms, online/offline channels, we can also
launch marketing campaigns (both online and offline) to target them on these channels.
Once we have targeted one audience group, we can move on to test different audience groups by
launching the same or different digital marketing campaigns to another audience group. After
collecting and analysing the data, we can adjust our campaigns to the best performing audience
groups.
If our focus is on branding and awareness, we would most likely use the first-touch
attribution model (100% credit to the first marketing channel interaction), and pump
more dollars into the channel which drove the most conversions.
On the other hand, if we used the position-based attribution model (40% to both first
and last touch, 20% split evenly to everything in between), we would assign more
marketing dollars to the first and last marketing channel interaction.