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	<title>Marketing metrics &#8211; Disrupting The Game</title>
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	<link>http://www.mitchellmackey.com.au</link>
	<description>Empowering businesses to adapt and thrive in the age of AI-driven change &#38; disruption with bold strategies, customer-centric innovation, and transformative leadership.</description>
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	<title>Marketing metrics &#8211; Disrupting The Game</title>
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		<title>Marketing&#8217;s compelling new metric: Share of Search (SOS)</title>
		<link>http://www.mitchellmackey.com.au/2020/marketings-decisive-metric-share-of-search/</link>
					<comments>http://www.mitchellmackey.com.au/2020/marketings-decisive-metric-share-of-search/#respond</comments>
		
		<dc:creator><![CDATA[Mitchell Mackey]]></dc:creator>
		<pubDate>Sun, 15 Nov 2020 12:15:11 +0000</pubDate>
				<category><![CDATA[Data]]></category>
		<category><![CDATA[Marketing ROl]]></category>
		<category><![CDATA[Numbers]]></category>
		<category><![CDATA[Value]]></category>
		<category><![CDATA[Marketing metrics]]></category>
		<guid isPermaLink="false">https://www.mitchellmackey.com.au/?p=2808</guid>

					<description><![CDATA[Share of Search is marketing's decisive new metric. Its fans say it should replace Share of Voice, which has long been a primary tool for setting budgets and predicting growth. However, digital media now makes it impossible to produce a credible Share-of-Voice calculation. Share of Search could be the superior tool. ]]></description>
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<p>Share of Search (SOS) is the decisive marketing metric, which its advocates say is a practical candidate to replace Share of Voice as a measure of both the long and short-term impact of advertising in all its forms across all channels.</p>



<p>Critics rightly say Share of Voice has today been overwhelmed by the diversity and complexity of our digital media landscape. It is no longer a credible metric. </p>



<p>Effectiveness guru Les Binet defines SOS as the share of organic Google search queries (not paid search). The metric equates to the total searches for a specific brand, divided by the total searches for all brands in the category. This info can be extracted from Google Trends and goes back to 2004.</p>



<p>In brief, why not measure how many people are searching online for the different brands in your category and compare that number instead?</p>



<p>Says Les Binet, who is head of effectiveness at the UK agency adam&amp;eveDDB: “over the past 30 years, I’ve found that the relationship between tracking metrics and actual purchase behaviour is often surprisingly weak. By tracking Share of Search we have a powerful, not to mention cheap, metric to measure what people are actually doing online, rather than what they say they are doing. It is by no means a silver bullet – the data needs to be interpreted with care and researchers need more detail to be able to apply this to the real world … without doubt though, Share of Search has enormous potential and predictive power to track brands and advertising going forward.”</p>



<p>Janet Hull OBE, founder of EffWorks Global and IPA director of marketing strategy is reported on the webstie of the UK-based IPA (the Institute of Practitioners in Advertising) as saying: “We are delighted that Les has unpacked his exciting new findings with our cross-industry EffWorks audience. At a time when Covid-19 is pushing more consumers online, and while industry budgets are more strained than ever, we very much welcome the addition of Share of Search as a cost-effective, predictor of the health and potential wealth of brands and advertising. In the right hands, with the right learning, this could be a real game changer”.</p>



<p>Check out Les Binet&#8217;s October 2020 presentation on the topic: https://vimeo.com/465319431</p>



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