![Data-Driven Marketing: Stats, Trends, and Practices [Infographic]](https://infographicjournal.com/wp-content/uploads/2020/05/data-driven-marketing-stats-trends.jpg)
Data is a necessity for your business. Data helps marketers to understand their customers (Target Audience) better, and when you integrate the insights derived from the data with your marketing strategy, then you can achieve successful business results.
You can understand what your customer would buy, why, when, etc. You can create a plan and target your customers.
Customers now are demanding more personalized experiences than ever before, it’s no surprise that almost 66% of marketers are personalizing their communications based on consumer data.
Data-Driven Marketing – Explanation
Data-driven marketing is the process that helps marketers gain insights about their customers, and learn about new market trends or tips by analyzing data gathered from various industry sources.
These insights are then translated into an effective marketing strategy informed by the facts and figures.
The main objective of data-driven marketing is to tweak marketing procedures and strategies to address the changing trends and the unique demands of target customers by leveraging data to acquire a deeper insight into what consumers want.
When your company fully understands how customers are engaging with your marketing efforts, you can make better business decisions. (More Sales).
Data-driven marketing is all about collecting information on your customers, then using that information to create a new successful marketing strategy.
The practical element involves some sophisticated software and professionals to maximize the real potential of the data analysis.
Reach Your Target Audience
Not everyone who receives your message will buy your product. Studies show the average conversion rate for a sales landing page is around 2.35%.
Data helps you tailor your brand messaging so it is more relevant for the audience who see it. So you can convert more people.
Reaching the right people (target audience) is a good start, but it is quite another thing to connect with people on the right channel. Today, people use multiple mediums to go online, with the average shopper using 4-7 channels during the customer journey.
Data-driven marketing enables companies to present a brand message that engages prospects. Then, you will be ready to respond and serve customers when they’re ready, on the channel they prefer.
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