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cezarovidiu

Top Mistakes to Avoid in Analytics Implementations | StatSlice Business Intelligence an... - 0 views

www.statslice.com/d-in-analytics-implementations

BI DW mistakes

shared by cezarovidiu on 03 Mar 13 - No Cached
  • Mistake 1.  Not putting a strong interdisciplinary team together. It is impossible to put together an analytics platform without understanding the needs of the customers who will use it.  Sounds simple, right?  Who wouldn’t do that?  You’d be surprised how many analytics projects are wrapped up by IT because “they think” they know the customer needs.  Not assembling the right team is clearly the biggest mistake companies make.  Many times what is on your mind (and if you’re an IT person willing to admit it) is that you are considering converting all those favorite company reports.  Your goal should not be that.  Your goal is to create a system—human engineered with customers, financial people, IT folks, analysts, and others—that give people new and exciting ways to look at information.  It should give you new insights. New competitive information.  If you don’t get the right team put together, you’ll find someone longing for the good old days and their old dusty reports.  Or worse yet, still finding ways to generate those old dusty reports. Mistake 2.  Not having the right talent to design, build, run and update your analytics system.  It is undeniable that there is now high demand for business analytics specialists.  There are not a lot of them out there that really know what to do unless they’ve been burned a few times and have survived and then built successful BA systems.  This is reflected by the fact you see so many analytics vendors offer, or often recommend, third-party consulting and training to help the organization develop their business analytic skills.  Work hard to build a three-way partnership between the vendor, your own team, and an implementation partner.  If you develop those relationships, risk of failure goes way down.
  • Mistake 3.  Putting the wrong kind of analyst or designer on the project. This is somewhat related to Mistake 2 but with some subtle differences.  People have different skillsets so you need to make sure the person you’re considering to put on the project is the right “kind.”  For example, when you put the design together you need both drill-down and summary models.  Both have different types of users.  Does this person know how to do both?  Or, for example, inexperience in an analyst might lead to them believing vendor claims and not be able to verify them as to functionality or time to implement. Mistake 4.  Not understanding how clean the data is you are getting and the time frame to get it clean.  Profile your data to understand the quality of your source data.  This will allow you to adjust your system accordingly to compensate for some of those issues or more importantly push data fixes to your source systems.  Ensure high quality data or your risk upsetting your customers.  If you don’t have a good understanding of the quality of your data, you could easily find yourself way behind schedule even though the actual analytics and business intelligence framework you are building is coming along fine. Mistake 5.  Picking the wrong tools.  How often do organizations buy software tools that just sit on the shelve?  This often comes from management rushing into a quick decision based on a few demos they have seen.  Picking the right analytics tools requires an in-depth understanding of your requirements as well as the strengths and weaknesses of the tools you are evaluating.  The best way to achieve this understanding is by getting an unbiased implementation partner to build a proof of concept with a subset of your own data and prove out the functionality of the tools you are considering. Bottom Line.  Think things through carefully. Make sure you put the right team together.  Have a data cleansing plan.  If the hype sounds too good to be true—have someone prove it to you.
cezarovidiu

Using Email to Get the Conversion (Without Stalking) | ClickZ - 0 views

www.clickz.com/...he-conversion-without-stalking

crm email-campain

shared by cezarovidiu on 30 Oct 13 - No Cached
  • The reality of the inbox is that people subscribe to a lot more stuff than they are committed to reading. As a result, they sift through the advertising and marketing noise to find the gems--the messages they connect with and that add value to their lives.
  • your email has to add value to your customers' lives
  • From your initial sign up process to the content and frequency of your messaging, your most important job is showing your audience that you respect the privilege of being invited into their inbox.
  • ...15 more annotations...
  • Rule #1: Don't ask for more information than you'd personally be willing to give. Asking for too much information in an opt-in form can be a major deterrent to visitors who would otherwise be likely to sign up.
  • Make signing up as simple as possible by requiring only the bare minimum. In many cases, this means just the email address. Every field you add to your form beyond that will decrease the chances of someone filling it out.
  • Here's another tip: If you really want to convince a visitor to opt in to your communications, make it clear that the value they'll receive greatly outweighs the hassle of signing up
  • An opt-in form that says something like "Sign up for our newsletter," doesn't offer any benefit to the visitor. Give people a reason to opt-in by offering them something they'll care about, like: "Sign up for our monthly newsletter and gain instant access to our 57-page e-book on X."
  • Offers of buying guides, e-books, case studies, online videos, and instant coupons are all great incentives to test.
  • I recently welcomed two kittens into the family and we buy our supplies from Petco. As soon as I signed up for Petco's Pals Rewards program, the store proceeded to email me every single day with a new coupon offer. Can you guess what I did? Yep, I opted out. I'll still buy pet supplies from Petco, but at some point, the annoyance became greater than the value of the coupons.
  • One of the most critical steps in structuring your e-commerce email campaign is to set the publish frequency to align with the types of products you're selling and who you're selling to. At a bare minimum, segment your audience into two broad categories of current customers and prospects.
  • When you're communicating with prospective customers, offer discounts, promotions and pre-sale notifications and buying tips in your emails, to move them along the conversion path.
  • You can further segment your email list by those you send to frequently, those you send to less frequently and those you send to only sometimes.
  • You'll find your sweet spot by tracking conversions from the list, looking at the opt-out rate and by allowing your audience to manage the frequency of the communications (for example, by giving them the option to change the frequency before they opt out entirely).
  • When most people opt in to receive B2B email communications, they are at the top of the conversion funnel; the "awareness" stage. A smart B2B email campaign will then provide the right content to bring the buyer deeper into the conversion funnel, with content specific for each stage of the buying cycle.
  • Here are some ideas to get you started: Explore learning concepts that get the reader up to speed on the ideas surrounding your services, and that demonstrate your brand's unique perspective.  Dive into the ideas behind why a service like yours is so important to customers, what to look for in a company, and how your service or ideas compare to others.  Answer common questions your prospective customers have at each stage of the buying cycle and even after the purchase.
  • Don't forget you're not selling to rational people. Most of the buying decisions in a B2B environment are based on what could happen if the choice is wrong. Unlike the consumer market, where an item can be easily returned if it doesn't meet the buyer's needs, making the wrong purchase decision in the B2B arena could be extremely costly.
  • Your goal as the marketer is to arm the potential buyer with content that will reduce any fear and uncertainty about selecting your business over the competition.
  • Think of topics like, "7 Biggest Mistakes People Make When Choosing [insert your service here]" as a basis for building your case. If you have a sales team, ask them for the most common objections they hear from prospects, and create your content around the specific concerns known to be top-of-mind for many buyers.
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