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Marketing School - Digital Marketing and Online Marketing Tips

How Can Businesses Use Data to Improve Their Marketing Campaigns

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 20 July 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Tune in to find out how you can use data to improve your marketing campaigns

Transcript

Click on a timestamp to play from that location

0:00.0

All right, so we're going to talk about how businesses can use data to improve their marketing campaigns.

0:05.3

More so first party data, because we took this topic from Bard, so we want to modify it a little bit.

0:10.0

All right, so how do you want to modify it?

0:12.4

I'm just going to put first party here. There we go. All right, so how do you want to modify it?

0:12.6

I'm just going to put first party here.

0:14.4

That's the first question.

0:15.6

How is Eric gonna modify the titles that we got from Bard?

0:18.6

I actually like it.

0:19.8

First party's first party data to improve. Here's a problem with this title just in general. I don't think most

0:25.9

businesses can use first party data because they can't really afford to do it right.

0:29.9

All right, we're going back, we're going to use data. We're taking the first party out, guys.

0:34.0

Here, I'll give you an example. Okay, before, so why do you think on this, why are you noodle on this, Neil?

0:39.0

We've talked about Magellan.

0:41.0

Aye, and that's the podcasting tool that costs $1,000 a month.

0:45.7

And that is a pure example of more so third party data that's being used, right?

0:51.1

So if I want to improve my podcasting campaigns, I now have a lot more information. I understand who's actually advertising on their podcast, who's actually renewing, what their renewal rates are, and also who they're partnering up with.

1:03.1

And I can also filter and see which podcasts also have a YouTube channel.

1:08.0

And so for example, for this podcast, if we want to collaborate with people

1:10.5

and Neil and I are like, if we're both in Beverly Hills, we're like, maybe we want to meet with people that Neil and I are like if we're both in Beverly Hills like maybe want to meet with people that are entrepreneurs that are just in Beverly Hill so we can do a life thing and so now we can make better decisions because we have better data.

1:23.0

Yes, the hard part with the data,

1:25.0

when businesses track data,

1:27.0

whether it's in Google Analytics,

...

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