With access to endless marketing data at your fingertips, how do you know when to pull the plug and finally make a decision? There always seems to be one more test or one more design change you can make. When is the right time to move forward? Analysis paralysis is real and can have a negative impact on your progress. Don’t let the data overwhelm you. Below are a few tips to help you do just that:
Stay focused on key objectives
It’s easy to get so consumed by the data that you lose sight of the initial purpose of your analysis. Make sure you clearly define your marketing objectives and design your key performance indicators (KPIs) based on them. Don’t feel like you need to pick any and every KPI. Stay focused on your main objective that way you don’t get consumed by information that won’t be relevant towards achieving your ultimate goal.
Take small steps
Avoid trying to analyze all of the data at once. Create small and manageable steps that can help you monitor your progress. Setting daily or weekly milestones will make the process less stressful while also keeping you on track.
Don’t get lost in the details
When making impactful business decisions, we often have this desire to continuously acquire more information. Our curiosity has the potential to get the best of us to the point where we are on a constant search wanting to dive deeper into the data when that may not be the best use of our time. Details are helpful, just make sure you focus your energy on the right details that can actually translate into actionable results.
Using data to make marketing decisions can be very exciting although extremely stressful at times. With a surplus of resources and channels of information that we can use, there never seems to be enough time to fully absorb everything you need to feel 100% confident about your decisions. Therefore, it’s important to remember that this is not a life or death situation. Stay true to your objectives, take small steps, and don’t get lost in the details. Trust your ability to accurately acquire and analyze data so that you’re confident that you made the most educated decision based on the information obtained. The stars may not always be aligned but there is value in the process you’ve taken so far. Keep the momentum going and know that this is just one of many more decisions to come.
Marketers who analyze data aren’t the only ones who can get overwhelmed. Check out how consumers can experience data fatigue too!