Business Intelligence (BI) in marketing is the use of customer data to better target specific marketing campaigns towards the most beneficial audience groups. It aims to replace guesswork and assumptions in marketing with data-driven decision-making, leading to more successful marketing initiatives.
Marketing BI focuses on using existing customer data and analytics tools to optimize marketing strategies. It offers benefits such as better reporting, predictive and prescriptive analysis, and audience segmentation. BI tools, like Google Analytics and Power BI, help analyze and visualize data for marketing purposes.
On the other hand, Market Research involves gathering new data through surveys, focus groups, and other methods to understand market needs and consumer behavior. It helps in understanding consumer needs, market trends, and competitive landscapes, which are crucial for strategic planning and decision-making in marketing.
Effective implementation of BI tools involves:
Learn about contact discovery, including strategies for effective contact discovery, & key principles of contact discovery.
Learn about marketing qualified opportunity, including identifying marketing qualified opportunities, & key elements of successful identification.
Learn about request for proposal, including crafting a winning RFP, key elements of an effective RFP, & RFP vs. RFQ.
Learn about sales territory, including how to design an effective sales territory, & examples of successful sales territories.
Learn about unique value proposition (UVP), including its definition, key components, how to create one, benefits, and examples of effective UVPs.
Learn about account management, including the roles and responsibilities in account management, & key strategies for effective account management.
Learn about renewal rate, including how to calculate it, why it matters, factors impacting renewal rate, & tips for improving renewal rate.
Learn about rapport building, including the principles of effective rapport building, & techniques for establishing rapport.
Learn about sales dashboard, including designing your sales dashboard, key metrics for sales dashboards, & sales dashboard vs. CRM system.
Learn about bounce rate, including understanding bounce rate implications, key factors affecting bounce rate, & reducing your bounce rate effectively.
Learn about CCPA compliance, including how to ensure compliance, benefits of being CCPA compliant, challenges in achieving compliance, & CCPA vs. GDPR.
Learn about RESTful API, including benefits of RESTful APIs, comparing RESTful APIs and SOAP, & key features of RESTful APIs.
Learn about B2B intent data providers, including evaluating intent data quality, leveraging intent data for growth, & B2B intent data: key providers comparison.
Learn about marketing analytics, including key benefits of marketing analytics, & strategies for effective marketing analytics.
Learn about funnel optimization, including the stages of funnel optimization, key strategies for funnel improvement, funnel optimization vs. conversion optimization.
Learn about high availability, including benefits of high availability, implementing high availability strategies, & high availability best practices.
Learn about sales director, including roles and responsibilities of a sales director, & key skills for a successful sales director.
Learn about follow-up, including strategies for effective follow-up, crafting compelling follow-up messages, & differences between first contact and follow-up.
Learn about service level agreement, including crafting an effective service level agreement, & key components of a service level agreement.
Learn about sales velocity, including calculating sales velocity, key drivers of sales velocity, boosting your sales velocity, and sales velocity vs. sales v.
Learn about B2B demand generation strategy, including key elements of demand generation, & crafting your demand generation plan.
Learn about LinkedIn Sales Navigator, including maximizing LinkedIn Sales Navigator's features, & unlocking sales potential with advanced search.
Learn about B2B contact base, including building an effective B2B contact base, & strategies for expanding your contact base.
Learn about sales forecast, including key elements of sales forecasting, methods for accurate sales projections, sales forecasting vs. sales goals.
Learn about B2B marketing KPIs, including identifying key B2B marketing KPIs, setting achievable KPI targets, B2B vs B2C marketing KPIs: understanding the differences.
Learn about lookalike audiences, including creating lookalike audiences: a step-by-step guide, & benefits of leveraging lookalike audiences.
Learn about BAB formula, including implementing BAB in sales strategies, crafting an effective BAB pitch, & comparing BAB with other sales frameworks.
Learn about Net 30, including advantages of utilizing Net 30, implementing Net 30 in your business, & Net 30 vs. immediate payment terms.
Learn about edge locations, including understanding edge locations benefits, types of edge locations, & implementing edge locations.
Learn about multi-threading, including benefits of multi-threading in sales, & implementing multi-threading in your strategy.
Learn about loss aversion, including understanding loss aversion in sales, mitigating loss aversion effects, & loss aversion vs. risk seeking.
Learn about marketing attribution, including the importance of marketing attribution, & models of marketing attribution explained.
Learn about CDM, including its key principles, the benefits of it being robust, its challenges, and strategies to improve CDM.
Learn about sales pipeline management, including key elements of sales pipeline management, & steps to optimize pipeline efficiency.
Learn about account-based advertising, including strategies for implementing account-based advertising, & benefits of account-based advertising.
Learn about cybersecurity, including how cybersecurity works, benefits of strong cybersecurity, & best practices in cybersecurity.
Learn about customer data analysis, including benefits of customer data analysis, & key techniques in analyzing customer data.
Learn about customer buying signals, including identifying common buying signals, interpreting non-verbal cues, & effective response strategies.
Learn about value chain, including key elements of value chain, building an efficient value chain, & value chain vs. supply chain.
Learn about letter of intent, including understanding the letter of intent (LOI), essential components of a LOI, LOI in academic and professional applications.
Learn about electronic signatures, including benefits of electronic signatures, & how to implement electronic signatures.
Learn about cohort analysis, including understanding cohort segmentation, steps to conduct cohort analysis, & cohort analysis vs. traditional analysis.
Learn about use case, including crafting a compelling use case, essential components of a use case, & comparing use cases and case studies.
Learn about InMail messages, including crafting effective InMail messages, benefits of utilizing InMail for outreach, InMail vs. traditional email: key differences.
Learn about revenue intelligence, including benefits of implementing revenue intelligence, & key components of revenue intelligence.
Learn about sales prospecting software, including benefits of sales prospecting software, & choosing the right sales prospecting tool.
Learn about predictive customer lifetime value, including benefits of predictive CLV, & calculating predictive CLV: a step-by-step guide.
Learn about retargeting marketing, including the foundations of a successful retargeting campaign, & strategies for effective retargeting.
Learn about CI, including its key benefits, how to gather and analyze CI data, and tools and tech for it.
Learn about dynamic data, including benefits of leveraging dynamic data, key components of dynamic data, & dynamic data vs. static data: unveiling the differences.
Learn about segmentation analysis, including understanding the benefits, steps to conduct segmentation analysis, & types of segmentation methods.
Learn about email deliverability rate, including factors affecting email deliverability, & improving your email deliverability rate.
Learn about order management, including understanding order fulfillment, best practices for order management, & benefits of effective order management.
Learn about yield management, including benefits of implementing yield management, & essential components of yield management.
Learn about firmographics, including understanding firmographic data, key elements of firmographics, & utilizing firmographics for market segmentation.
Learn about Kanban, including benefits of using Kanban, implementing Kanban in your process, Kanban vs. other methodologies, & key components of Kanban.
Learn about PPC, including understanding PPC metrics, benefits of PPC advertising, common PPC mistakes, & optimizing your PPC strategy.
Learn about average revenue per account, including calculating average revenue per account, strategies to increase ARPA, & ARPA vs. customer lifetime value.
Learn about precision targeting, including implementing precision targeting strategies, & benefits of precision targeting in sales.
Learn about consultative sales, including principles of effective consultative selling, & key benefits of consultative sales.
Learn about X-sell, including benefits of X-selling, strategies for successful X-selling, & X-sell vs. up-sell: understanding the difference.
Learn about SEO, including how it works, benefits, strategies, measuring success, and tips to optimize your website for search engines.
Learn about email verification, including the importance of email verification, & the mechanisms behind email verification.
Learn about de-dupe, including strategies for effective de-duplication, benefits of a de-duped database, de-dupe vs. data cleansing: understanding the differences.
Learn about buyer behavior, including understanding the buyer's journey, influencing factors in buyer behavior, & buyer behavior and marketing strategy.
Learn about soft sell, including keys to mastering soft sell techniques, benefits of choosing soft sell over hard sell, & implementing soft sell in your sales strategy.
Learn about subject matter expert, including roles and responsibilities of a subject matter expert, & importance of a subject matter expert in business.
Learn about API security, including its benefits, key components, common challenges, and best practices for securing APIs.
Learn about email cadence, including crafting an effective email cadence, key components of email cadence, & email cadence vs. email blast differences.
Learn about call analytics, including how call analytics works, benefits of call analytics, & integrating call analytics.
Learn about decision maker, including identifying key decision makers, strategies for engaging decision makers, decision maker vs. influencer: understanding the differences.
Learn about account-based analytics, including implementing account-based analytics, & key metrics for account-based analytics.
Learn about no spam, including ensuring compliance with no spam rules, strategies for effective no spam practices, & no spam vs. traditional email marketing.
Learn about sales process, including designing your sales process, key components of effective sales processes, sales process vs. sales methodology.
Learn about smarketing, including the pillars of smarketing success, implementing smarketing in your organization, smarketing vs traditional sales and mark.
Learn about custom metadata types, including benefits of using custom metadata, creating and managing custom metadata, & custom metadata vs. custom settings.
Learn about value statement, including crafting your value statement, key components of a value statement, & value statements vs. mission statements.
Learn about hybrid sales model, including benefits of a hybrid sales model, implementing a hybrid sales approach, & hybrid vs. traditional sales models.
Learn about audience targeting, including developing an audience targeting strategy, & key benefits of audience targeting.
Learn about sales team management, including key principles of effective sales team management, & building high-performing sales teams.
Learn about B2B intent data, including how B2B intent data enhances sales strategies, sources of B2B intent data, leveraging B2B intent data for competitiveness.
Learn about sales prospecting, including strategies for effective sales prospecting, key tools for sales prospecting, comparing sales prospecting and lead g.
Learn about sales and marketing analytics, including key benefits of sales and marketing analytics, & implementing analytics successfully.
Learn about outbound leads, including strategies for generating outbound leads, & effective outbound lead engagement methods.
Learn about demand, including key factors influencing demand, elasticity of demand, types of demand, & demand forecasting methods.
Learn about solution selling, including the principles of solution selling, key strategies in solution selling, & solution selling vs. product selling.
Learn about marketing budget breakdown, including essentials of crafting a marketing budget, & strategies for allocating marketing funds.
Learn about talk track, including crafting an effective talk track, key elements of a talk track, & talk track vs. script: understanding the difference.
Learn about revenue forecasting, including key elements of revenue forecasting, & steps to accurate revenue forecasting.
Learn about CRM enrichment, including benefits of CRM enrichment, key strategies for CRM enrichment, & CRM enrichment vs. data cleaning.
Learn about sales partnerships, including building effective sales partnerships, types of sales partnership models, benefits of cultivating sales partnership.
Learn about WordPress, including understanding WordPress features, benefits of using WordPress, comparing WordPress and other CMS, and essential WordPress plugins.
Learn about email marketing, including how to start with email marketing, benefits of effective email marketing, & best practices for email campaigns.
Learn about system of record, including key components of system of record, choosing the right system of record, & system of record vs. system of engagement.
Learn about ballpark, including estimating with ballpark figures, understanding ballpark estimates in sales, & ballpark estimates vs. precise quotes.
Learn about contact data, including sources and collection methods of contact data, & the significance of accurate contact data.
Learn about buying cycle, including stages of the buying cycle, key influences on buying decisions, & enhancing the customer's buying journey.
Learn about SQL, including understanding SQL requirements, key functions of SQL, best practices in SQL usage, & SQL vs. other marketing metrics.
Learn about enterprise resource planning, including benefits of implementing ERP, key components of ERP systems, & ERP versus traditional software.
Learn about video selling, including benefits of video selling, effective video selling strategies, & video selling vs. traditional selling.