“The Marketing Impact Score provides a comparative view of a brand’s performance across digital channels. At the lowest level there is a score for each channel, enabling direct comparison with chosen competitors. These scores layer up to give marketers a genuine understanding of their brand’s digital presence (Brand Power) and the extent to which it is supported by paid media (Paid Support) which are then combined to create the single, headline Marketing Impact Score."
“The suite of Marketing Impact Scores enables businesses to make data-driven decisions to optimise their digital channel strategies. Marketing impact isn’t a feeling anymore. It’s a fact.”
This objective measurement across digital channels gives brands a clear understanding of how well they are doing at attracting their target audience against key competitors. With scores produced monthly, this enables the tracking of performance over time so that the success of initiatives can be measured and changes to strategy by competitors can be detected and responded to.
Having an objective and detailed understanding of channel performance compared to competitors allows an organisation to pinpoint opportunities for improving its ability to attract the target audience and maximise the value derived from its marketing spend.
Real world results
We have used early outputs of our Marketing Impact Score with a number of existing and prospective clients. For example, it was used to identify the latent power in an insurance company’s brand which has allowed them to quantify new opportunities using paid channels to increase traffic and market share against the leading brands in the sector.
For a retailer with a network of physical stores and strong online presence, the scores have informed the planning of a strategy for digital channels that uses marketing spend more efficiently on paid channels. In a highly competitive sector it has helped them to make inroads against competitors with much higher budgets.
The Marketing Impact Score has also been successfully used by a traditional supplier of home improvement products enabling the company to develop a digital strategy that tactically leverages its brand strength. This has driven efficient performance helping to counter new competitors who are heavily investing in paid channels to grow their market share.