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Business Case: Value Assessment for Marketing Mix Modeling

Marketing Mix Modelling (MMM) is a powerful tool for assessing the impact of marketing campaigns and optimizing the budget allocation between different activities. But how to assess the impact and ROI for MMM?

Measuring the potential business impact for a MMM solution can be tricky since there are several units of value a solution can provide. These units of value delivery include financial benefits, such as cost savings and revenue growth, increased ROI, but also non-financial ones like, increased employee productivity and improved operational efficiency….to name a few.

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Business Case: Value Assessment for Marketing Mix Modeling

Marketing Mix Modelling (MMM) is a powerful tool for assessing the impact of marketing campaigns and optimizing the budget allocation between different activities. But how to assess the impact and ROI for MMM?

Measuring the potential business impact for a MMM solution can be tricky since there are several units of value a solution can provide. These units of value delivery include financial benefits, such as cost savings and revenue growth, increased ROI, but also non-financial ones like, increased employee productivity and improved operational efficiency….to name a few.

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Sellforte MMM implementation time and value

We know that the onboarding process for a Marketing Mix Modeling (MMM) solution is very individual. It is influenced by the size of your organization, your campaigns and marketing strategy, and most importantly - your marketing data. As a rough estimate, we are talking about weeks or months but all in all the truthful answer is “it depends”. However, we want to give you insight beyond this blurry phrase that is so present in the analytics industry. In this article, we will tell you exactly what it depends on and how so that you can have a clear timeline for your project with Sellforte.

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