Measuring “silent” actions
This post by Yujin Sohn, our Sr. Dir. of Marketing.
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« Video of the Day: Obama and the Fly | Main | Ignore Everybody » Measuring “silent” actionsThis post by Yujin Sohn, our Sr. Dir. of Marketing. Last
week Media Week ran an article
about a study recently released by the Online Publishers Association (OPA) and
comScore. Dubbed as “The Silent Click – Building Brands Online”, the report was
aimed to make a case for the value of display ads amid the prevailing negative
perception of them in the market. (Display ads are intrusive, out of the
context, ineffective and so on.)
The
report claims that even though the display ads rarely entice direct responses
from users, the exposure still has impact on how consumers perceive the brands.
For example, one might have not clicked on a branded banner, but later searches
the brand or visits the website directly. The report continues that since the
display ads’ value is oftentimes indirect, direct responses such as click
throughs are not the most accurate metrics to measure the value of display ads.
But
I am not writing to advocate or critique display ads. What most intrigues me is
the idea of measuring those “silent” actions of consumers and factoring them
into ROI. This has been a well
documented challenge over the past 50 years.
The
digital technology revolutionized marketers’ ability to collect and analyze data.
We now religiously tag, track and collect data from every thinkable consumer
touch points. However, the essence of
the problem didn’t go away. We still don’t know the real life time returns of
our advertising spends. Furthermore, being obsessed with the data, marketers have
grown impatient with efforts whose fruits may take a long time to harvest, and too
readily dismiss marketing programs of which returns may not be immediately
quantifiable.
Building
brands is moving people’s mind. It requires not only science, but also art. In our
digital era when everything needs to be measured to make sense, how can we cope
with the challenge of measuring the “art” of building brand? Whether technology
will help or hinder us in that quest, is an interesting questions to think
about.
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