Frequently Asked Questions
Q: What is marketing mix modelling (MMM) and why is it important?
MMM (Marketing Mix Modelling) is a data-driven approach helping marketeers measure, predict, and optimise the effectiveness of their media and non-media investments. It quantifies how different marketing activities, like advertising, promotions, and pricing, impact business outcomes such as sales, trade volume, brand equity, etc., and help simulate different scenario plans in the short-, medium- and long-term.
Q: How can brand lift solutions improve campaign performance?
A: By identifying the most effective channels, target audience, optimal reach and frequency, to uncovering emerging channels and synergies, brand lift solutions help optimise campaign to maximise ROI.
Q: How can brands optimise their media mix to increase brand ROI?
A: Media mix is the blend of channels used to run advertising campaigns. Its optimisation ensures cost-effective reach and frequency, resulting in higher ROI. Brands can increase ROI by using media measurement to optimise their media mix, balancing brand-building and performance channels, tailoring to audiences, integrating creative strategy, and testing and refining media strategy based on data.
Q: How can brands measure media effectiveness?
A: Brands measure media effectiveness by evaluating how well different channels, creatives, and audience strategies drive brand outcomes and by assessing reach, impact, synergy, and ROI across platforms.