The best relationships have a give and take. Likewise, the best tech stack for your business should be a two-way street. Companies get value from being able to microtarget, personalize and automate with martech, but like going to lunch with a friend and telling them a good story, you don’t get up and walk away when you’re done talking. You sit and listen to what your friend has to say.
That’s why technology solutions and services that facilitate customer discovery—social media marketing, web analytics and optimization—are this year’s top investments for high-revenue companies, according to a Target Marketing magazine survey of 350 organizations.
Behavior data is one level of customer discovery, but an even more effective practice is influencing what customers will do and seeing how the changes you make affect real customer decisions. This practice can lead companies to better serve their customers. As Lynn Hunsaker wrote on Customer Think, “Thankfully, many companies have been migrating away from product-centric, month-/quarter-end-centric and competitor-centric marketing toward putting the individual or most profitable customer at the center of marketing design and delivery.”
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Daniel Burstein is the senior director of content and marketing at MECLABS Institute. He oversees all content and marketing coming from the MarketingExperiments and MarketingSherpa brands while helping to shape the marketing direction for MECLABS .