"ROI is a real financial formula, not a vague concept." - John Stichweh, director, Interactive Marketing, The Coca-Cola Company John hit it right on the head this morning in the opening keynote.
We often use that term "ROI" as a euphemism for response. Instead, ROI should be about having a predictive methodology for understanding what value you earn from each $1 invested in your email
program. So making good decisions about resource allocation and understanding the value of an email address. That value per record is what drives your sender reputation, relevance and ultimately
revenue. Interestingly, when asked if they have a true measure of their email program ROI, only about seven people in the audience said, "yes." Lots of room for measurement and proof of channel!
ROI = Repel Objective Investment
I am still amazed at the silo mentatility of just focusing on one digital channel - email.
ROI seems to mean Repel Objective Investment.
We are using the same behavioural economic measures consistently across all digital channels: email, mobile, online ads, portals, online billing etc.
Freddie McMahon