Background
Objectives
Solution
ResultsObjective
To understand the performance of their digital marketing budget and improve their ROMI.
To understand the performance of their digital marketing budget and improve their ROMI.
We gathered Bupa’s data using DataCollector tags via our own tag management platform, SuperTag. We analysed the data with the results displayed in OptimaHub, our own Media Attribution platform.
Bupa achieved an increase in ROMI of 61% in branded search marketing.
Date: 2016
Due to a reliance on traditional measurement methods, Bupa had been struggling to understand the performance of their digital marketing budget and how to improve their Return on Media Investment (ROMI).
Bupa did not track all the different digital touchpoints each user interacted with on their path to purchase nor did they measure or weight the importance of each touchpoint. They had no clear reporting tool that recommended where to invest their media budget based on ROMI and no way of linking the impact of their digital advertising to offline sales.
Bupa engaged Datalicious to implement a tagging, marketing attribution and ROMI framework across health insurance and international businesses to deliver informed digital media performance insights and to demonstrate the impact digital marketing activity has on both online and offline sales.
Implement custom tags using a tag management solution to gather Bupa digital marketing and website data effectively.
Build a custom Media Attribution model that could process all relevant data, identify purchase paths, apply weights and classification to all of the touchpoints.
Deliver a complete view of media spend across Bupa’s online marketing, to help agency partners drive better performance.
Present a real-time view of the impact of digital marketing activity on online sales through automated reporting.
Bupa touchpoint data (web, display, social, mobile, SEO, SEM, eDM) was gathered using independent DataCollector tags deployed via SuperTag, an enterprise tag management platform developed by the Datalicious team.
Bupa’s data was processed and analysed, with the results displayed in the OptimaHub Media Attribution platform. The OptimaHub platform helps marketers understand how each channel, campaign or placement impacts sales both online and offline. OptimaHub also integrates additional data sources including classification and cost data from the media agency and offline sales data from Bupa, to build an accurate marketing attribution model and ROMI simulator.
A Bupa specific attribution methodology was devised for this solution. Here’s a sample of the parameters included in this methodology:
After initial analysis and reporting, Bupa data was integrated into the OptimaHub Media Attribution platform, where near real-time dashboards provide Bupa’s digital marketing team with contextual and relevant insight into true digital marketing performance. Not only has this data impacted Bupa’s decision-making process when it comes to media spend, but it has also affected internal changes, with adjusted KPIs that are more relevant to Bupa’s marketing goals. The way Bupa remunerates media agencies has also changed.
As a result of Datalicious’ recommendations, Bupa was able to attain an incremental gain in ROMI on the same overall level of spend as before the engagement. Here are the details:
With the custom marketing attribution algorithm developed by Datalicious, Bupa was able to use an optimal media pacing plan at a daily level that resulted in a much higher ROMI than was possible from their traditional media planning insights.
For one month, the overall ROMI of branded search was 204.0% but for the following month – which is also one of the months with the highest SEO competition from the market – the ROMI was 264.3% using our recommended pacing plan. This change represented an increase of 60% in ROMI in a pre-post analysis of the media pacing plan. It’s a huge difference, considering the Datalicious pacing plan combined with the ideal short-list of branded keywords resulted in a media-efficiency of almost $250K for just one month.
By sending welcome emails to both consumers who purchased both online and offline, Datalicious was able to add in online digital touchpoints for people who consumed digital advertising online but purchased offline (phone, direct).
This online-offline stitching helped quantify the value of online digital marketing on both trackable online conversions and indirect offline conversions.
Datalicious calculated an online-offline multiplier of 3.3. In other words, for every 1,000 online conversions driven by digital marketing, 3,300 equivalent offline conversions could be attributed to the same digital marketing. This multiplier was also provided at a product, channel, campaign and even day-of-week level to understand better how digital marketing can assist in targeting consumers who may make an offline purchase.
Understanding the actual impact of digital marketing also helps secure an adequate budget and justify the importance of online marketing to executive teams.
Bupa and their partner agencies wanted to try out new display marketing strategies on Pandora and Spotify. Interestingly, there were very few campaigns in the past and very little spend on these channels.
Thanks to the OptimaHub platform, Datalicious was able to derive the exact impact of Pandora/Spotify on the overall customer journey and from there quantify the dollar value of every single touchpoint from these new digital marketing strategies.
Datalicious came up with a regression equation that predicted that every 100 Pandora/Spotify ads drove an incremental revenue of $34. This change not only helped quantify the value of these new channels using accurate methods but also helped define marketing strategies and future budgets.
The attribution model used for Bupa tracked the impact of display advertising outside basic conversions directly from clicking on the ad. The power of display advertising for Bupa was confirmed with a 5.35X increase in the number of conversions that were drawn from a user seeing a display ad, and then later going on to search for Bupa products compared to users who only clicked on a display ad.
Enter your details in this form to request a call back from one of our specialists.
