Flytxt discusses the relevance of the Control Group functionality by narrating an experience with a mobile marketer.
Campaign analysis by tracking response rate alone is not the most accurate method.
Some of the pertinent issues most often raised by both VAS and U&R marketers are on data overflowing and customer analysis exports without concrete statistics.
Recently we were caught offhanded by a marketer with a difference.
His question which says, “How can I measure the true impact of my mobile marketing campaigns?” sounds simple, but seems to have caught the right nerve of marketing.
We observe that many marketers invest the majority of their time analysing data and coming up with the magic formula that promises eternal growth of ARPU. But when they are unable to generate any money for the company or at least can’t prove it, they approach experts.
But not this one, he begins with the end in mind. “Why do you want to know?” we asked.
“I am under pressure from my boss to create higher and higher response rates and I am not sure if that is the right way to quantify things,” was the answer.
“You are right! Response rate is not a good measure by itself for evaluating marketing effectiveness” we replied. “What you really need is to measure the net monetary impact of your campaigns by excluding the people that would have nonetheless purchased the product. You need to compute the ‘signal’ caused by your campaign above the ‘noise’ that is there anyway.”
“Ok, but how can I measure the purchases that are happening anyway?” he asked.
Further to this we added, “Heard about the Control Group? Let me explain to you in detail what Control Group is all about and how it addresses your challenge by helping you precisely measure the net impact of campaigns,” and I handed him my Control Group Cheat Sheet.
How control group helps to measure net impact of a campaign? |
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In summary, the Control Group functionality enables automated, real-time monetary impact analysis. It helps marketers take decisions in a swift and accurate manner. |