Posts Tagged ‘marketing campaigns’

Analyze Results to Keep Up with Your Competition

Wednesday, March 10th, 2010

The final stage of your campaign is actually the most important one. The analysis. Taking a close look at the outcome of your efforts will help you to make adjustments that will help you use more cost-effective solutions, thus making you more profitable and to develop a greater community in which you reach with every new campaign that is introduced. When reviewing the results of a campaign, the analysis should be directly in line with the original goals you had in mind when putting the campaign together.

Determine a metric for success

While reviewing the results of your analysis, you’ll need to have a pre-determined set of metrics by which you can calculate the success of your campaign. Whether it is sales, impressions, new followers, clicks or conversations generated, success metrics will help to sustain consistency and reliability in your analysis.

If you’re looking to drive traffic to your website, one key metric to focus on would be uncovering who is visiting the site and where they prefer to go while they are there. There are numerous sites that can provide this information for you, Google Analytics being one of the most popular. This platform gives you extensive insights into your website traffic, and if utilized properly, will lead to an increased number of converted visitors. Another great tool that will help you track your website in real time is Visistat. Their slogan reads; ‘Turn your website into an ROI machine’, which is possible as long as you keep track of and understand the connection between clearly defined metrics and results.

analyzing-results-1Looking at the data from a number of perspectives

Once you’ve taken the time to gather as much information as possible, using tools and resources that you know are accurate, it’s critical to take an objective view of your data and think about the outcome from as many perspectives as possible. If the numbers seem surprising or inaccurate, make sure to look at possible factors for this; Who has been involved in the campaign? What external factors could have affected the results? Did you use the most appropriate platforms? This brings us to the last step in analyzing the results of a campaign.

Using the results

Now that you have your fair share of graphs and metrics sketched out and a good understanding of where your campaign falls on the success scale, don’t discard the results. A large part of your analysis should involve determining what else could have been done better and how you can improve. Whether you keep this information on hand until your next big campaign, or use some of it immediately, remember that what you’re learning is valuable and will put you ahead of your competitors.

Sherlock Marketing Strategy

Wednesday, January 13th, 2010

One of the most cost-efficient ways of entering into the New Year is developing a solid business and marketing strategy. While it may be time consuming, the time spent developing a strong plan of attack, will not only save you money all year long, but it will give you a clear vision of how you will reach your revenue goals.

Developing an approach is a lot like performing detective work; you have to become the Sherlock Holmes of strategy. Asking the right questions, uncovering clues of the market, understanding the players involved all in order to obtain the correct answers to solve your business case.

Strategy begins with research. Good ole’ fashion research it acts as your magnifying glass for analyzing the market, recognizing and learning from competitors and having a thorough understanding of your target audience and how to reach them. By defining your customer, identifying who they are, how they make their purchasing decisions, what demographic they are in, will allow you to strategize an effective plan around how you will reach them and secure their business.

After discovering the aspects of the market you can then determine a realist budget

Thinking like Holmes

Thinking like Holmes

for your marketing campaigns and prioritize where you should focus your assets and attention on.

Sherlock gets it when he says, “It is a capital mistake to theorize before one has data. (A Scandal in Bohemia)” So go out there and get your data and form your theories of how you will succeed in this New Year.