Company News • 19.08.2013

New Market Research by TagMan reveals 81% of brand marketers lack confidence in measuring ROI across multiple channels

New Market Research by TagMan reveals 81% of brand marketers lack confidence in...
Source: TagMan

TagMan, the leading global Tag Management System, Marketing Data, and Marketing Attribution provider has today published the results of a market research study examining marketers’ current perceptions on marketing agility and marketing attribution within the digital sector.

The research study, which was conducted by Finder Media on behalf of TagMan, surveyed over 200 senior digital marketing and ecommerce professionals across an array of travel, retail, FMCG and financial sectors. The survey found that 41% of marketers believe reporting accurate ROI of all marketing activity is the biggest challenge currently facing their business. Indeed, 49% of marketers are not sure how they currently reward marketing partners such as technology vendors, email service providers and publishers, across different channels; whilst 55% of respondents still measure the success of display campaigns by click-through rates. The survey also found that 35% of marketers find it a huge challenge to understand how different channels are working together, whilst 34% said the operational management of marketing systems is a big issue within their business.

Another key finding in the research survey was that many marketers are still struggling to leverage Big Data and social media within campaigns. 59% of respondents said they believe Big Data could have a real impact on business revenue and profits, yet despite this, 36% admitted they still do not understand Big Data and 31% cited ‘data overload’ as their biggest business challenge. When it comes to social media, 43% are not confident that their social media investments are driving ROI, with a further 32% of respondents unsure of the value of social media.

Jon Baron, CEO of TagMan said: “The aim of the study was to drill down into what brand marketers really think about how their jobs have changed, and it has uncovered some incredibly surprising results. Being able to understand what ROI your marketing spend is generating should be at the heart of a digital marketer’s focus, giving them the ability to interpret, value and respond to the data available to them. One of the more unexpected results that the survey returned was that digital marketers still considered e-mail as the most useful form of digital advertising. Insights generated from a tag management system’s holistic view may provide digital marketers with a greater perspective and highlight other more lucrative channels.”

Peter Sensier, Waitrose’s online marketing manager: “Our goal is fairly straight forward, we want to better understand the required mix of budget, targeting and messaging for each channel as part of one customer journey. With that knowledge we believe we can better plan our activity across bought, earned and owned channels. That said, we recognise that there are many different variations of the customer journey, so this is not so much an exercise of identifying the one exact path for all customers but rather identifying patterns in the channel mix that have the greatest positive effect on sales performance.”Chris Allison, Online Sales Manager at Air New Zealand: “[Tag management systems allow us] to react and employ an efficient and effective test and learning process which enable us to use our customer’s conversion data to sew a thread through the non-linear customer journey.”

Fergus Boyd – Senior Manager, eBusiness Strategy at Virgin Atlantic: “Marketing agility means making marketing decisions and responding to customers and market conditions in a timescale that allows value to be extracted. With all this in mind, we’re looking to review our sales attribution model in a big way to better understand the value of our marketing channels and how they contribute to sales. We know we need a blended mix of marketing channels and that they all add some value, but next steps are to optimise the mix across the funnel. Our focus is to extract insights rather than just extra data, as better insights lead to better decisions.’

Ron Brien, TagMan SVP, Global Marketing said: “Marketers have access to an expanding arsenal of advertising channels and marketing technologies to help them ‘Win the Fight’ on Wasted Digital Spend. By examining both marketer perceptions and quantifiable data, we hope to help marketers fight through biases and sub-optimal investments to understand the true impact of channels like Facebook, Mobile, Display Ads, Affiliate, Email & PPC so they can capture the minds of consumers, and convert prospects to customers.”

Key findings:

  • 49% of marketers are not sure how they measure and reward channel performance
  • 43% are not confident that their social media investments drive revenue
  • 55% still measure success of display campaigns by click-through rates
  • 31% are struggling with data overload
  • 34% find the operational management of systems a huge challenge

Source: TagMan

related articles:

popular articles:

Thumbnail-Photo: Turning customers into friends - heres how it works...
24.01.2024   #marketing #online marketing

Turning customers into friends - here's how it works

WhatsApp channels as a secret weapon in the marketing mix

In fall 2023, Meta launched WhatsApp channels, a completely new feature in 150 countries ...

Thumbnail-Photo: Valentines Day marketing: creative campaigns to make your heart sing...
18.01.2024   #brick and mortar retail #sustainability

Valentine's Day marketing: creative campaigns to make your heart sing

Examples of how you can score points on Valentine's Day

Zalando killed two birds with one stone in 2021: with the invitation to "campaign exchange the clothes after your ex", customers were shown ...

Thumbnail-Photo: Veganuary 2024: Best sales strategies to reach the ‘no meat’...
11.01.2024   #brick and mortar retail #food retail

Veganuary 2024: Best sales strategies to reach the ‘no meat’

Why retailers should take advantage of the trend

Veganuary has begun its fourth year in Germany. Over 850 German companies are taking part in this global movement for a plant-based ...

Thumbnail-Photo: Tips: Optimal shopping experience for  Christmas...
22.11.2023   #online trading #artificial intelligence

Tips: Optimal shopping experience for Christmas

How to prepare for the shopping days as an Amazon retailer

The promotional days at the start of the Christmas...

Thumbnail-Photo: The quiet hour – A contribution to inclusion in retail?...
31.10.2023   #customer satisfaction #customer experience

The "quiet hour" – A contribution to inclusion in retail?

Finding calm in a busy world: supermarkets make their mark

The world of commerce is constantly looking for new ways to attract and retain customers...

Thumbnail-Photo: Black Friday and Cyber Monday: Minimize mistakes, maximize success...
11.10.2023   #e-commerce #customer satisfaction

Black Friday and Cyber Monday: Minimize mistakes, maximize success

Mistakes you can avoid on promotion days like Black Friday and Cyber Monday

The promotion days on November 24 and 27 raise the sales hopes of many retailers. Despite the huge potential, these events can also be a challenge. Competition is fierce, customers are critical and expect exceptional deals. Mistakes in preparation ...

Thumbnail-Photo: Christmas decorations: set the scene for your store!...
09.11.2023   #customer experience #shop decoration

Christmas decorations: set the scene for your store!

From the floor to the shelves and lights to the shop window - here's how to get your store ready for Christmas!

The weeks leading up to Christmas Eve are considered to be the busiest of the year....

Thumbnail-Photo: For you: Retail marketing calendar 2024
08.01.2024   #marketing #sales promotion

For you: Retail marketing calendar 2024

You can use these phases and days for yourself and your business in the upcoming year

Birthdays, holidays, holidays ... We record all these days in calendars every year to plan our personal daily lives. But the financial year can also be planned. This can be particularly important for retailers. You can plan ...

Thumbnail-Photo: ISE 2024 - the future of retail
23.10.2023   #online trading #Tech in Retail

ISE 2024 - the future of retail

ISE will take place in Barcelona from 30 January to 2 February 2024

Since it began in 2004, Integrated Systems Europe (ISE) - the world's premier exhibition for professional audio visual (pro AV) and systems integration - has grown in size, strength and influence to become an industry-defining event. Every year, ...

Thumbnail-Photo: Social Commerce: Community sells?
04.10.2023   #online trading #sustainability

Social Commerce: Community sells?

Why the community approach is replacing fast delivery among customer demands and what that means for you.

For a long time it was said that fast or even "same day delivery is the key". For Fabian Mischler, this is no longer the only key to satisfied customers. In an interview, the CEO of the social commerce platform ooblee told us why community ...