Have you heard about Marketing Mix Modeling? 🤔
Now more than ever, it has become challenging to measure the impact of your marketing campaigns and activities on your sales, customer lifetime values (LTV), and KPIs 🚀 That is where MMM comes in 👀
Here are some reasons why you should use MMM in SaaS: 👇🏽
🔑 Optimize your ROI: Measuring your marketing activities' impact on sales
🔑 Accountability: Justify the spending of each activity and allocate the budget efficiently 💼
🔑 Real-Time Optimization: You can adjust your campaign according to market changes with real-time data. This can help you reallocate your efforts, test new channels, or refine your messaging and targeting. ⏰
🔑 Multi-Channel Analysis: Analyse both inbound and outbound campaigns 🌐 Allowing you to design holistic campaigns.
While you can design your MMM through linear regression, time series analysis, and Bayesian models, there are some tools to help you optimize the process. Here are some of my favorites 🏆👇🏽
🎯 Nielsen MMM
🎯MarketShare
🎯Marketing Evolution
🎯Visual IQ
#marketingmix #marketingmixmodeling