Optimize your marketing budget with Marketing Mix Modeling

By Nepa Editor | March 5, 2020

In today’s world, making sure your marketing budget is optimally utilised across all channels and target groups is no small task. That’s why our Marketing Mix Modeling has a modern flair to ensure the best outcome for every campaign.

Today’s customers expect brands to use a personalized approach, catered to their specific needs. This not only means you need to have the correct message, but also need to reach them at the right time, and in the appropriate channels. Given that the number of possible channels have increased dramatically, customers have become accustomed to a higher standard when it comes to corporate communications. It’s hard to get this right every time and for every customer.

Marketing Mix Modeling – a winning strategy

So how do you ensure that marketing efforts are managed in the most optimal way? Marketing Mix Modeling has been used for many years, but many of these are based on models created in the past. Digital channels made things much more complicated that is why we at Nepa decided to take a new and modern approach.

We built a modern Marketing Mix Model to ensure optimal performance across all channels, not just the traditional ones. Because let’s face it, when you start adding Google Ads, Facebook, Snapchat, TikTok and Pinterest to the mix of TV, radio and OoH, monitoring and optimizing your campaign performances becomes really tricky.

What makes our Marketing Mix Model different?

Well, let me tell you.

Firstly, we have exclusive partnerships with the world’s largest Digital Advertising Platforms – Google, Facebook, and Snap. This means that you get the best available data from your campaign performances, not only traditional, but also digital channels .

Secondly, our algorithms allow you to look at campaign performances for both long-term and short-term perspectives. This enables you to adapt your marketing strategies to drive sales over multiple intervals, not just for your next marketing campaign.

Thirdly, predicting your customers next move is crucial to ensure that you reach your audience with the right message, at the right time. Our prediction algorithms will definitely help you when it comes to understanding what your target audiences are going to do next.
How do I know that I will get a solution catered to my needs?

Nepa is a fully independent company, which means that we will help you find the best mix to reach your marketing goals based on actual performance.

Our system is designed to take both your internal factors (product changes, prices etc.) and external factors (weather, competitor activities, holidays etc.) into account. This ensures that the suggestions our system provides will always have your best interest in mind.

What should I do now?

That is an excellent question and here are two suggestions:

  1. Get in touch with one of our MMM Experts and start your projects today.
    Or
  2. If you want to learn more about Modern Marketing Mix Modeling you can download our e-book “The Future of Marketing Mix Modeling”  or read some success stories. Our MMM Experts are always available to answer your questions!

We look forward to helping you get the most out of your marketing budget!

Subscribe to us for more exciting content

Subscribe

This website uses cookies. We use cookies to make our website work better and improve your online experience. By continuing to browse this website you accept the use of cookies, read more about cookies and our policy.

Continue