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Solving the attribution conundrum with optimization-based marketing - Lies, Damned Lies...

Multichannel campaign optimization using combinatorial multi-armed bandit experimentation is a powerful, though nascent, alternative to traditional campaign attribution approaches for maximizing marketing ROI. Although performing true multichannel optimization requires significant investment and maturity in data, marketing automation technology and organizational alignment, it’s possible to get started in a more limited fashion by taking an optimization-driven approach in existing channels, and growing from there.

Fortunately there are a few companies which are starting to offer solutions for optimization-driven marketing and can start to help you down this path:

  • Amplero Digital campaign intelligence & optimization platform based on predictive analytics & machine learning.
  • Optimove Multichannel campaign automation solution, combining predictive modeling, hypertargeting and optimization
  • Kahuna Mobile-focused marketing automation & optimization solution
  • IgnitionOne Digital marketing platform featuring score-based message optimization; ability to activate across multiple channels
  • BrightFunnel Marketing analytics platform focusing on attribution modeling
  • ConversionLogic Cross-channel marketing attribution analytics platform, using a proprietary ML-based approach
Joemktg's insight:

You really need to CT. My take: a fully optimized approach still won't give you the data you need to justify the expenditures, but it certainly maximized the output.

 

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Which are the most popular A/B testing tools? [#ChartoftheDay] - Smart Insights

Which are the most popular A/B testing tools? [#ChartoftheDay] - Smart Insights | The MarTech Digest | Scoop.it
A ranking of the services larger businesses use for structured experiments to boost conversion In our Essential Digital Marketing Tools infographic and gui. Marketing topic(s):AB and multivariate testing. Advice by Dave Chaffey.
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NEW: Experience Remarkable Planning Accuracy With New, FREE Growth Hacking Tool. Go here: http://goo.gl/UjcA8x  

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Introducing the 2016 Testing Toolkit - Optimizely

Introducing the 2016 Testing Toolkit - Optimizely | The MarTech Digest | Scoop.it
In the 2016 Testing Toolkit we include resources to craft, execute, and measure individual experiments, while building thorough research and ideation into your process. You’ll also find helpful tips from other Optimizely users, as well as tools for educating your colleagues about the benefits of optimization, and building adoption internally.

The toolkit includes:

Infographic of Test Ideas by Industry
Test Ideation and Hypothesis Generation Worksheets
Test Idea Prioritization Frameworks
Test Plan Template
Results Sharing Presentation Template
Testing Overview Presentation Template
Test Idea Submission Flyer Template
Testing Hackathon Flyer Template


Download the entire toolkit now.


marketingIO: One Source for All Marketing Technology Challenges. See our solutions

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32 Tools for Conversion Rate Optimization - Medium

32 Tools for Conversion Rate Optimization - Medium | The MarTech Digest | Scoop.it

iNeoMarketing.com bridges the gap between your MarTech and your in-house experience. Contact us.

Joemktg's insight:

And you can review each tool in detail here: https://medium.com/conversion-rate-optimization-cro/32-tools-for-conversion-rate-optimization-3d590ceffa2c 

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4 Tools and Tips That Will Help You Be a More Analytical Marketer - Search Engine Watch

4 Tools and Tips That Will Help You Be a More Analytical Marketer - Search Engine Watch | The MarTech Digest | Scoop.it

Digest...


Marketing Automation Software

There is a significant setup time for marketing automation software, but it is worth the wealth of information it will allow you to gain about user behavior on your site. One of the most valuable, low-hanging fruit data collection strategies you can implement with marketing automation is creating lists and campaigns based on user behavior.

 

Moz’s On-Page Grader

SEO is probably part of your job description, but unless it’s also part of your job title, you may not dedicate time to on-page SEO on a daily basis. We’ve all been there, and Moz’s On-Page Grader was created to help you analyze your keyword strategy for particular pages on your website.

 

Visual Website Optimizer

No test is too small. A/B and multivariate tests can have a serious impact on a website’s performance. Visual Website Optimizer is a testing tool that requires minimal coding skills and can give you powerful data to help you make decisions, like what you should have on your homepage

 

Litmus Email Previews

If you’ve ever sent HTML emails, you’ve probably experienced headache-inducing rendering issues across different email clients. Litmus is a tool that will completely change your perspective on the email campaign testing process. Instead of enlisting the help of everyone you know, including that one person who still uses AOL, this tool will preview your message across more than 30 email clients.

 

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Joemktg's insight:

VWO is available for $49/month, ditto Litmus. Litmus is indispensable. 

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Can a new subject line tool eliminate A/B testing? - Smart Insights Digital Marketing Advice

Can a new subject line tool eliminate A/B testing? - Smart Insights Digital Marketing Advice | The MarTech Digest | Scoop.it

Digest...


The Touchstone tool (beta version) seeks to make truer predictions of how a proposed subject line will perform in practice and to suggest better alternatives.

 

Its analysis of words in its subject line database doesn’t ask “How well do subject lines using this word do?”. Instead, it asks “How well do subject lines using this word do compared to other subject lines used by the same sender?” So, all things being equal, it’s more likely to capture the incremental effect of wording on success. Second , it encourages you to upload your campaign history so it can apply its algorithmic analysis to your list and emails.

 

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Joemktg's insight:

If this works, then it will add a significant tool to your outbound box. Seems to me that its success is dependent on the number of users so that there is a sufficient sample. Keep an eye on this.

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A/B testing: software recommendations from four ecommerce experts - eConsultancy | #TheMarketingTechAlert

A/B testing: software recommendations from four ecommerce experts - eConsultancy | #TheMarketingTechAlert | The MarTech Digest | Scoop.it

Advanced/ Digest...


1. Which software do you use most often for A/B testing and why?

-Google Analytics and Optimizely. GA for test planning and hypothesis and Optimizely for running the tests; I probably don’t need to explain why we use GA for analytics.

-The software usually comes down to the size of the company of the company and their budget. For most clients we use Visual Website Optimizer and Optimizely. But many medium to large companies are using Hubspot and some use Marketo.

-We also do a lot of A/B testing using email systems like MailChimp and iContact. For small lead generation and landing page projects we also use LeadPages and Unbounce.

-We use Optimizely for pretty much all of our A/B testing. Having considered other testing tools, the speed of deployment, flexibility, control and advanced feature set available, made Optimizely a clear choice for our business.

-I mostly use Optimizely, Google Content Experiments, tools that are built-in to the ecommerce platform, or whichever other tool the client happens to be using.

 

2. If you had zero budget for A/B testing an ecommerce site what option would you recommend? 

-Optimizely’s basic package is inexpensive and it also offers a free trial. I’d say, run a trial, hopefully you’ll be able to get a result that can demonstrate an ROI for the basic package cost. 

-Google Content Experiments is also a great free product and it’s incredibly powerful. 

-I tend to recommend Visual Website Optimizer for any budget. I like that it's easy to use and that you can set up the pages to track revenue and other KPIs. Plus the heatmaps and flexibility of the product make it a winner. 

-Use Google's Content Experiments: It's free and, even if less flexible than other tools 'out of the box', you can still do loads with it, learn a lot, and - perhaps - build a case to get some budget for further testing.

 

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Joemktg's insight:

From the experts. Up until two years ago, the answer would've been Google's Website Optimizer. But with its demise, there are some excellent replacements.

YDeveloper's comment, January 24, 2014 2:39 AM
Interesting stuff on eCommerce, find more on www.ydeveloper.com/blog
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6 Tools for Optimizing Your Copy, Content and Headlines - ClickZ | #TheMarketingTechAlert

6 Tools for Optimizing Your Copy, Content and Headlines - ClickZ | #TheMarketingTechAlert | The MarTech Digest | Scoop.it

Intermediate/ Digest...


Boost CTR

PPC, meet crowd sourcing. BoostCTR has 500+ copywriters who literally compete to see if they can rewrite your ads so that they perform better than what you're running. The concept is brilliant: you simply sign up and submit one or more ad groups that need improvement. Their expert writers then compete against each other to beat your top performing ads. Only if they do will you pay Boost CTR a small commission.

 

Advanced Marketing Institute Headline Tool

The folks at Advanced Marketing Institute have created an algorithm to evaluate the emotional marketing value (EMV) of headlines. Their free Emotional Marketing Value Headline Analyzer will give your headline an EMV score based on the number of emotional words it contains in relation to the total words.

 

Scripted

Enter Scripted, which offers access to more than 80,000 freelance writers who can be sourced to create engaging Facebook and blog posts, lively tweets, informative pages and papers, or dynamic video scripts on any topic imaginable. Start off by selecting the topic to focus on, and then provide keywords that should be included in the content. Their super-simple pricing model allows you to pick and choose what you need, from a $2 tweet to a $299 white paper.

 

Test My Marketing

Test My Marketing gives you access to a team of marketing experts to review your advertising and marketing messages with an "outside" perspective. For $69, you can upload any marketing piece, from blog posts to banner ads, landing pages and more. Your marketing message will be shown to several marketing experts who will critique it and make suggestions on specific improvements they think will make it perform better.

 

Wordcounter & Live Keyword Analysis

Word Counter is useful for anyone who wants to check the quality of their writing because it evaluates text for redundancy and repetitiveness for copywriters, and keyword stuffing for SEOs. The Live Keyword Analysis tool is designed so that you can refine a body of text to make it match a desired keyword density.

 

Bonus Tool: Conversion Ninja Toolbox

You'll want to bookmark a new site called Conversion Ninja Toolbox, a free online directory of conversion rate optimization resources ranging from mockup and design tools to a/b and multivariate testing platforms. Essentially every step of the conversion optimization process is covered, along with user ratings and comments.

 

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Joemktg's insight:

Outstanding list of resources, at incredible pricing. Tim Ash is an expert at optimization, and you can trust his recommendations. This is an action item!

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6 Tools for Optimizing Your Copy, Content and Headlines - ClickZ | #TheMarketingTechAlert

6 Tools for Optimizing Your Copy, Content and Headlines - ClickZ | #TheMarketingTechAlert | The MarTech Digest | Scoop.it

Intermediate/ Digest...


Boost CTR

PPC, meet crowd sourcing. BoostCTR has 500+ copywriters who literally compete to see if they can rewrite your ads so that they perform better than what you're running. The concept is brilliant: you simply sign up and submit one or more ad groups that need improvement. Their expert writers then compete against each other to beat your top performing ads. Only if they do will you pay Boost CTR a small commission.

 

Advanced Marketing Institute Headline Tool

The folks at Advanced Marketing Institute have created an algorithm to evaluate the emotional marketing value (EMV) of headlines. Their free Emotional Marketing Value Headline Analyzer will give your headline an EMV score based on the number of emotional words it contains in relation to the total words.

 

Scripted

Enter Scripted, which offers access to more than 80,000 freelance writers who can be sourced to create engaging Facebook and blog posts, lively tweets, informative pages and papers, or dynamic video scripts on any topic imaginable. Start off by selecting the topic to focus on, and then provide keywords that should be included in the content. Their super-simple pricing model allows you to pick and choose what you need, from a $2 tweet to a $299 white paper.

 

Test My Marketing

Test My Marketing gives you access to a team of marketing experts to review your advertising and marketing messages with an "outside" perspective. For $69, you can upload any marketing piece, from blog posts to banner ads, landing pages and more. Your marketing message will be shown to several marketing experts who will critique it and make suggestions on specific improvements they think will make it perform better.

 

Wordcounter & Live Keyword Analysis

Word Counter is useful for anyone who wants to check the quality of their writing because it evaluates text for redundancy and repetitiveness for copywriters, and keyword stuffing for SEOs. The Live Keyword Analysis tool is designed so that you can refine a body of text to make it match a desired keyword density.

 

Bonus Tool: Conversion Ninja Toolbox

You'll want to bookmark a new site called Conversion Ninja Toolbox, a free online directory of conversion rate optimization resources ranging from mockup and design tools to a/b and multivariate testing platforms. Essentially every step of the conversion optimization process is covered, along with user ratings and comments.

 

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Joemktg's curator insight, January 7, 2014 7:24 PM

Outstanding list of resources, at incredible pricing. Tim Ash is an expert at optimization, and you can trust his recommendations. This is an action item!

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5 Website Tools To Boost Your Marketing Campaigns - Forbes | #TheMarketingAutomationAlert

5 Website Tools To Boost Your Marketing Campaigns - Forbes | #TheMarketingAutomationAlert | The MarTech Digest | Scoop.it

Basic/ Digest...


Phone Call Tracking

Phone call tracking allows you to track phone calls based on advertising campaigns, traffic source, and search keywords. The two industry-leading phone call tracking tools are CallRail and Mongoose Metrics.

 

Form Tracking

The concept of form tracking is a fairly new way to measure and understand your audience. It involves recording the actions of your audience when they start interacting and filling out forms on your website. [The author has] only used Formisimo and can only recommend them.

 

Website Heat Maps

Website heat maps are a graphical representation of data that shows how your users move around your website and which links or buttons they’re most likely to click on. The two most popular website heat map tools are CrazyEgg and ClickTale. In case you’d prefer a self-hosted open source version, give ClickHeat a shot.

 

Split Testing

Split testing is a way for you to test different variations of Web page elements or compare a few completely different designs and layouts to find out which one is the most effective for you. Between all the split-testing tools I’ve used in the past, the two I recommend the most are Optimizely and Visual Website Optimizer.

 

Speed Testing (three different types): GTmetrix , Google Page Speed , Pingdom 

 

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Joemktg's insight:

You're using a few of these tools, so here's your chance to use all of them. An excellent collection.

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Online Testing: 3 benefits of using an online testing process (plus 3 free tools) | MarketingExperiments | #TheMarketingAutomationAlert

Online Testing: 3 benefits of using an online testing process (plus 3 free tools) | MarketingExperiments | #TheMarketingAutomationAlert | The MarTech Digest | Scoop.it
Some of the benefits that derive from A/B testing can go ignored or overlooked if marketers do not have a set testing process in place to guide their testing efforts.


Digest...


Benefit #1. Improved test planning

The A/B testing template is a simple template that walks you through the A/B split testing process.

Benefit #2. More reliable data

A simple spreadsheet tool will help you keep track of and monitor metrics during your online testing.

Benefit #3. Long-term savings

Also, here’s another spreadsheet tool you can use to help measure and estimate how incremental increases in conversion gained through testing will have an overall impact on your revenue stream.

Joemktg's insight:

Scooped so that you can take advantage of the three FREE tools. Excellent tools at that!


  • See the article at from www.marketingexperiments.com
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