The Business Challenge
Every business that spends money on brand or performance advertising wants to get the most value out of it.
To generate consistent gains from media investments, people managing media (either in-house resources or external agencies) need to focus on achieving the greatest revenue growth or RoAS.
To achieve the right RoAS, people in charge of advertising should break down a complex process of media management into smaller, repetitive steps, with insight and learning captured at each step. Over time, all the steps in the optimization cycle deliver a lasting lift in RoAS.
However, that’s hard to do. Sometimes the people in charge of advertising budgets haven’t managed media themselves and don’t know the exact questions to ask their in-house media team or media agency. Sometimes the people in charge of the media itself don’t know how to structure their campaigns to enable a good testing strategy. And sometimes the agency in charge of media doesn’t have the right people, or the agency is incentivized to only share rosy stories about wins while forgetting to learn from failures.
Accomplishing RoAS that’s steadily growing, and higher than others in the industry are able to generate, requires strict discipline, plenty of patience, and the right team.
The Benefits of Solving It
Utilizing a test-and-learn methodology for RoAS and media management delivers a number of benefits to your brand:
- Understanding of what’s working in your media investments, and what is not
- Clarity around what to cut, and where to re-invest saved media dollars
- Internal credibility when explaining the “why” to others, especially the CFO: Why are we growing revenues, or why are revenues lagging?
- Finally, consistent and predictable growth in RoAS, across all media channels and campaigns
Our Approach To RoAS Optimization
- DELVE’s Media team will partner with your agency or in-house Advertising, Marketing, or Analytics teams to understand your current media management processes around brand-building and performance channels.
- DELVE will present a gap analysis, using the test-and-learn methodology as the framework. For example, we will explain how an approach such as Stop/Start/Continue can drive consistent week-over-week generation of insights to lift RoAS.
- DELVE will then train and educate your agency and in-house teams on how to implement test-and-learn against social, search, or programmatic media efforts.
- Finally, DELVE will serve the role of the third-party “controller,” ensuring consistent follow-through against the identified process.
- DELVE also has an extensive Media Buying team that can take on your paid search, programmatic advertising, or direct mail programs when appropriate.
- Understanding of what’s working and what is not
- Clarity around where to cut, and where to re-invest media dollars
- Credibility with the rest of your organization, driven by the ability to precisely pinpoint winning or losing campaign strategies
- An evergreen and consistent approach to increasing RoAS
Take Control Of Your Future
Are you ready to build a data-driven culture where your people, process, and technology become a competitive advantage?Contact Us