{"id":24762,"date":"2022-12-20T15:47:13","date_gmt":"2022-12-20T15:47:13","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/20\/the-roi-of-personalized-experiences-content-measurements\/"},"modified":"2022-12-20T15:47:13","modified_gmt":"2022-12-20T15:47:13","slug":"the-roi-of-personalized-experiences-content-measurements","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/20\/the-roi-of-personalized-experiences-content-measurements\/","title":{"rendered":"The ROI of personalized experiences: Content measurements"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div itemprop=\"articleBody\">\n<p><em>This is the second of a three-part series on the ROI of personalization. The first part (audience measurements) <\/em><a href=\"https:\/\/martech.org\/the-roi-of-personalized-experiences-audience-measurements\/\"><em>can be found here<\/em><\/a><em>.<\/em><\/p>\n<p>While doing personalization well poses challenges to even the most sophisticated brands, offering personalized customer experiences is increasingly becoming a distinguishing factor in high-performing companies.\u00a0<\/p>\n<p>Companies excelling at personalization can generate <a href=\"https:\/\/www.mckinsey.com\/capabilities\/growth-marketing-and-sales\/our-insights\/the-value-of-getting-personalization-right-or-wrong-is-multiplying\" target=\"_blank\" rel=\"noreferrer noopener\">up to 40% more revenue<\/a> than those deemed average at it, according to McKinsey.<\/p>\n<p>In the first article in this series, we looked at measuring the performance of personalized experience by how customers reacted, whether individually or within audience segments.\u00a0<\/p>\n<p>The next way to measure the ROI on personalized experience is by looking at the performance of content and its contribution as part of a specific experience and across the entire buyer\u2019s journey.\u00a0<\/p>\n<h2 id=\"h-individual-and-incremental-content-performance\">Individual and incremental content performance<\/h2>\n<p>Let\u2019s begin at the most \u201czoomed-in\u201d view by looking at how individual elements perform. After all, if something isn\u2019t working at the micro level, chances are there will be issues in the bigger picture.\u00a0<\/p>\n<p>Some of the ways of looking at individual performance include:<\/p>\n<ul>\n<li>How an individual piece of content or an individual channel performs.<\/li>\n<li>Performance on an individual stage in the buyer\u2019s journey or by audience segment.<\/li>\n<\/ul>\n<p>To take an incremental performance approach would mean looking at things in terms of:<\/p>\n<ul>\n<li>Providing personalized content and experience vs. providing no personalization.<\/li>\n<li>Providing cross-channel personalization vs. personalization on a single channel (or none).<\/li>\n<li>Single channel performance utilizing personalization vs. not using personalization on that channel.<\/li>\n<\/ul>\n<p>These are also important because personalization takes time, effort and other resources to accomplish. Find out if there are areas you get better results at than others so you can be as efficient as possible.\u00a0<\/p>\n<p><strong><em>Dig deeper: <a href=\"https:\/\/martech.org\/how-to-enable-greater-personalization-in-a-world-of-impersonal-experiences\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to enable greater personalization in a world of impersonal experiences<\/a><\/em><\/strong><\/p>\n<h2 id=\"h-multi-touch-attribution\">Multi-touch attribution<strong>\u00a0<\/strong><\/h2>\n<p>As a marketer, you\u2019ve undoubtedly asked this question and as a customer, you\u2019ve been asked a million times, \u201cHow did you hear about our product or service?\u201d\u00a0<\/p>\n<p>In this world of channel switching and always-on marketing campaigns, it\u2019s most likely that a customer hears about a product or service from not one but five or six channels \u2014 though they may only likely remember one or two. That doesn\u2019t mean, however, that each of the six channels they were reached on had no effect.<\/p>\n<p>The next way to measure the performance of personalized content is to use a <a href=\"https:\/\/martech.org\/assessing-multi-touch-attributions-value-is-the-juice-worth-the-squeeze\/\">multi-touch attribution model<\/a>, which considers all the methods a customer might be reached and determines each of those channels\u2019 contributions to a sale.<\/p>\n<ul>\n<li>A single channel\u2019s contribution to the sale.<\/li>\n<li>The optimal order of communications to create a conversion.<\/li>\n<li>Channels that have the least amount of lift (which can be removed and potentially save marketing dollars).<\/li>\n<li>The optimal first- or last-touch channels that create the biggest impact.<\/li>\n<\/ul>\n<p>While John Wanamaker famously said that half of his advertising didn\u2019t work, but he just didn\u2019t know which half, the true answer may be much more nuanced than that.\u00a0<\/p>\n<p>Using a multi-touch attribution model, Wanamaker may have found that 75% of his advertising contributed to some type of lift, regardless of how small each individual contribution was.<\/p>\n<p><strong><em>Dig deeper: <a href=\"https:\/\/martech.org\/marketing-attribution-what-it-is-and-how-it-identifies-vital-customer-touchpoints\/\">Marketing attribution: What it is, and how it identifies vital customer touchpoints<\/a><\/em><\/strong><\/p>\n<h2 id=\"h-the-cost-of-personalization\">The cost of personalization<\/h2>\n<p>Brands should also not take for granted that personalization is solely a value-add endeavor. There is a cost to:<\/p>\n<ul>\n<li>Creating content variations.<\/li>\n<li>Planning multiple variations of automations and journeys.<\/li>\n<li>Measuring those efforts.<\/li>\n<li>And all of the other activities.\u00a0<\/li>\n<\/ul>\n<p>This doesn\u2019t mean that providing personalized customer experiences isn\u2019t worth it. That said, taking a realistic and pragmatic approach from the start will serve you well throughout.<\/p>\n<p>Here are a few things to consider:<\/p>\n<ul>\n<li>Resources need to create the content variations (text, imagery, videos and more) that personalization requires.<\/li>\n<li>Resources to manage multiple variations of campaigns, offers and experiences.<\/li>\n<li>What happens when details change? You will need a taxonomy and categorization system to streamline this process.<\/li>\n<li>Platform costs to support personalization, measurement and analysis.<\/li>\n<\/ul>\n<p>I don\u2019t mention these things to dissuade you from making further investments in personalization. Instead, it is important to proceed with a realistic mindset.\u00a0<\/p>\n<p>Also, to do this well often means to approach it incrementally so that the investments in process and platforms are incorporated more easily by your people.<\/p>\n<p><strong><em>Dig deeper: <a href=\"https:\/\/martech.org\/how-marketers-can-prioritize-digital-experiences\/\">How marketers can prioritize digital experiences<\/a><\/em><\/strong><\/p>\n<h2 id=\"h-beyond-performance-how-do-we-measure-if-personalization-is-worth-it\">Beyond performance, how do we measure if personalization is worth it?<\/h2>\n<p>So far, we\u2019ve talked about how<em> <\/em>to do it, but the question still remains \u2014 is it always worth it to invest in creating omnichannel personalized experiences?\u00a0<\/p>\n<p>After all, <a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/-gartner-says-63--of-digital-marketing-leaders-still-struggle-wi\" target=\"_blank\" rel=\"noreferrer noopener\">63% of marketers<\/a> said last year that they struggle with personalization, according to Gartner.\u00a0<\/p>\n<p>Additionally, because the technology and data requirements of multi-channel personalization also require larger-scale changes, it probably doesn\u2019t help to see that <a href=\"https:\/\/www.forbes.com\/sites\/brucerogers\/2016\/01\/07\/why-84-of-companies-fail-at-digital-transformation\/?sh=2c007c3a397b\" target=\"_blank\" rel=\"noreferrer noopener\">84% of digital transformation initiatives<\/a> are said to fail as well.<\/p>\n<p>So how do we reconcile the fact that there is so much potential benefit to personalization, yet the costs and risks associated with it are also very real?\u00a0<\/p>\n<p>The most successful approaches are those that are done incrementally, using lean and agile methods such as minimum viable products and systems of continuous improvement.<\/p>\n<p>Make no mistake, personalized experiences are the future of marketing and customer experience. How quickly brands get there can also make the difference between who becomes and remains a category leader.<\/p>\n<hr class=\"wp-block-separator has-text-color has-background has-cyan-bluish-gray-background-color has-cyan-bluish-gray-color\"\/>\n<p><!-- START INLINE FORM --><\/p>\n<div class=\"nl-inline-form border py-2 px-1 my-2\">\n<div class=\"row align-items-center justify-content-center\">\n<div class=\"col-12 col-lg-3 col-xl-auto pb-2 pb-lg-0\">\n<p class=\"inline-form-text text-center mb-0\">Get MarTech! Daily. Free. In your inbox.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><!-- END INLINE FORM --><\/p>\n<hr class=\"wp-block-separator has-text-color has-background has-cyan-bluish-gray-background-color has-cyan-bluish-gray-color\"\/>\n<hr\/>\n<p><em>Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed <a href=\"https:\/\/martech.org\/staff\">here<\/a>.<\/em><\/p>\n<hr\/>\n<div class=\"google-news-link text-center\">\n\t\t\t\t\t\t\t<em><a class=\"\" href=\"https:\/\/news.google.com\/publications\/CAAqBggKMJeAJDCAwQQ?hl=en-US&amp;gl=US&amp;ceid=US%3Aen\" target=\"_blank\" rel=\"nofollow noopener\">Add MarTech to your Google News feed.<\/a><\/em>\u00a0\u00a0\u00a0\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"img-fluid\" alt=\"Google News\" width=\"140\" height=\"38\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/martech.org\/wp-content\/themes\/tdm-editorial\/img\/icons\/google_news.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"img-fluid\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/martech.org\/wp-content\/themes\/tdm-editorial\/img\/icons\/google_news.png\" alt=\"Google News\" width=\"140\" height=\"38\"\/><\/noscript><\/p>\n<hr\/><\/div>\n<p><!-- START EOS SPACE --><\/p>\n<p><!-- END EOS SPACE -->\t\t\t\t\t<\/p>\n<div class=\"about-author\">\n<p>About The Author<\/p>\n<div class=\"information\">\n<div class=\"author-module\">\n<div class=\"row\">\n<div class=\"col-12 col-lg-3\">\n<div class=\"avatar\" style=\"min-width:140px;min-height:140px;\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" class=\"img-fluid\" alt=\"Greg Kihlstrom\" width=\"140\" height=\"140\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/martech.org\/wp-content\/uploads\/2022\/09\/Greg-Kihlstrom-338x338.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"img-fluid\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/martech.org\/wp-content\/uploads\/2022\/09\/Greg-Kihlstrom-338x338.jpg\" alt=\"Greg Kihlstrom\" width=\"140\" height=\"140\"\/><\/noscript>\t\t\t\t\t<\/div>\n<\/p><\/div>\n<div class=\"col-12 col-lg-9\">\n<div class=\"about\">\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<iframe loading=\"lazy\" id=\"twitter-widget-0\" data-lazy=\"true\" data-src=\"https:\/\/martech.org\/the-roi-of-personalized-experiences-content-measurements\/about:blank\" class=\"twitter-follow-button twitter-follow-button\" title=\"Twitter Follow Button\" data-twttr-rendered=\"true\" style=\"width: 251px; height: 25px;\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-data-lazy=\"true\" data-src=\"https:\/\/platform.twitter.com\/widgets\/follow_button.1392079123.html#_=1392650032615&amp;id=twitter-widget-0&amp;lang=en&amp;screen_name=gregkihlstrom&amp;show_count=true&amp;show_screen_name=true&amp;size=m\"><\/iframe><noscript><iframe id=\"twitter-widget-0\" data-lazy=\"true\" data-src=\"https:\/\/platform.twitter.com\/widgets\/follow_button.1392079123.html#_=1392650032615&amp;id=twitter-widget-0&amp;lang=en&amp;screen_name=gregkihlstrom&amp;show_count=true&amp;show_screen_name=true&amp;size=m\" class=\"twitter-follow-button twitter-follow-button\" title=\"Twitter Follow Button\" data-twttr-rendered=\"true\" style=\"width: 251px; height: 25px;\"><\/iframe><\/noscript>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tGreg Kihlstr\u00f6m is a best-selling author, speaker, and entrepreneur, currently an advisor and consultant to top companies on customer experience, employee experience, and digital transformation initiatives as Principal and Chief Strategist at GK5A. He is also the host of The Agile Brand with Greg Kihlstr\u00f6m podcast. He is a two-time CEO and Co-Founder, growing both companies organically and through acquisitions, and ultimately leading both to be acquired (one in 2017, and the other in 2021). As a strategist, digital transformation, and customer experience advisor, he has worked with some of the world\u2019s top brands, including AOL, Choice Hotels, Coca-Cola, Dell, FedEx, GEICO, Marriott, MTV, Starbucks, Toyota, and VMware.\t\t\t\t\t<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>\n\t\t\t\t\t<\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/martech.org\/the-roi-of-personalized-experiences-content-measurements\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the second of a three-part series on the ROI of personalization. The first part (audience measurements) can be found here. While doing personalization&#8230;<\/p>\n","protected":false},"author":1,"featured_media":24763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-24762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The ROI of personalized experiences: Content measurements - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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