Turning Your Data Into Compelling Stories – SMX Advanced Recap
Want to know how to turn unorganized data into compelling presentations? Contributor Keri Morgret recaps three SMX Advanced speakers as they share how to transform data into valuable insights.
This session focused on using data-driven storytelling to support and promote paid search marketing campaigns.
Bill Hunt, Back Azimuth Consulting
Bill started the session by sharing experiences he’s had in trying to sell stories about his data. To be effective in telling stories with your data, the data must be adapted to your audience.
Executives tend to see things one way, and everyone else has the opposite view. Will you be presenting to people who need the big picture, or will you be presenting to people who will be implementing the details of the plan?
When you present the data, it needs to be obvious. You can’t assume that your audience can see your conclusions, and you don’t want to make them do mental math or connect a lot of dots on their own. Be explicit and connect key data points to missed opportunities and revenue.
The data also needs to show something cool and insightful or a business opportunity. In Hunt’s experience, people repeat the brief nuggets of information. Make sure the nuggets they remember and repeat are the ones you want them to remember and that they are appropriate for your audience.
Does the data contradict an existing belief, action or fact? If so, you need to figure out how to present the data so it can help change that belief. You may need to retell the story in a different way.
Your site search data can be a great source of information and data for storytelling, but be careful not to overwhelm people with that data; 600,000 rows of search queries won’t impress your audience — it will scare them instead.
That’s exactly what happened with Bill’s first client example. The client’s marketing team was overwhelmed by the data and how much content they thought would be needed to create answers to 27,000 questions from 600,000 entries.
In the end, they determined 6,500 pieces of content would be needed, which led to questions like “How can we create that much content?” and “Who is going to manage it all?”
On the other side of the hall, the management team was looking at how this data translated into money from a different angle:
- How much revenue can we make if we create this content?
- How fast can we get a return on investment (ROI)?
- Whose revenue will be cannibalized (by users buying online instead of through other channels)?
- How will lost revenue be tracked?
In the end, the two departments came together and determined a smaller amount of content was needed. The marketing team created the content and generated a 22 percent immediate conversion and $10 million in incremental revenue over the next couple of years.
