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Using Data-Driven Solutions to Learn More About Your Business

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Data-Driven Solutions

The idea of learning more about your own business might initially seem strange to you. After all, this is your business – who could possibly know it more intimately than you do? Well, the answers might lie within the very data that your business accumulates over the course of its presence in the landscape. You gain this information through your marketing material, when you interact with your customers, in how your employees operate, and just about everything else that you do.

Focusing your attention on strategies and solutions that specifically revolve around this data can teach you more about your business, allowing you to optimize it to the point where you’re playing to your own strengths.

Who’s Interacting with Your Marketing?

To learn how effective your marketing is, it would help to know who’s interacting with it in the first place. Are these people part of your target demographic? Or are you reaching out more than you’d expect to other groups that you might start to turn your attention towards? There is a lot of information to unpack here, but you might find it easier if you start to think of marketing techniques that operate with this kind of data-driven objective in mind.

Options such as pay-per-click (PPC) marketing can give you a keen insight as to exactly who your marketing is reaching, and its placement throughout popular platforms such as YouTube and Google can help it to reach as many people as possible in order to strengthen the validity of this information. This might be new ground to you, though, so you might feel as though it’s prudent to enlist the help of some professionals, such as those at nuancedmedia.com, who can help guide you through it, leading to you becoming more comfortable with understanding what it means for your business.

Customer Feedback

The relationship that any given business has with its customers is going to be unique in a variety of ways, but you might not yet be making the most of what an opportunity this is to learn about you from their point of view. Of course, through your various social media channels, you might engage in discourse with your audiences, but that might be less informative than what you can achieve through customer feedback. It might be that you want their perspective on something in particular, but it might be that you simply want to understand the areas of your business that audiences value and where you could improve.

Survey forms (either physical or digital, though the latter might be easier to distribute anonymously) can provide you with both quantitative and qualitative data, meaning that you can use this opportunity to work with numbers in a way that you might be more used to, while also getting a more direct insight as to what opinions they may have. It’s important to consider elements such as sample size when looking at the data, though, as you don’t want to fall into the trap of taking anomalies more seriously than you should.

Business Analytics

The term ‘analytics’ here might seem incredibly broad, so it’s worth trying to think about in more specific terms – while still understanding the application that this broad understanding can have. Looking at the historical data of how your business has performed in certain areas can give you the same kind of information that you’re looking for through customer feedback. What’s worked? What hasn’t? Having access to this kind of information can give you an understanding of these questions that other means can’t due to the concrete nature of the information that you’re presented with.

While there will be methods such as PPC that can allow you to see and act on this kind of information, you might also be familiar with its acquisition through means such as customer data and cookies, which many websites can be seen deploying in recent times. Different people have different opinions on this method of gaining information, and you might find that while it’s certainly valuable, certain members of your audiences might take issue with it if your cookiepolicy is too overbearing. Therefore, giving your users easily telegraphed options to opt out might help you to get the best of both worlds.

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