Marketing Metrics 1: Why measure?

With the post Principles of Marketing 13: Evaluation becoming the most read blog post on this site in the last nine months, I figured it was time to explode the subject in more detail with a series of blog posts dedicated to measuring marketing effectiveness

This is an area where marketers often struggle and is a primary reason for marketing not being taken seriously at board level in many businesses. A strong correlation needs to be made between marketing investment and return. And it’s no surprise that companies that do well also integrate marketing into their business development and sales strategies.

Whilst online marketing provides a level of traffic and conversion evaluation, more traditional approaches along with the latest viral and digital techniques are more difficult to quantify in terms of ROI. The explosion in the popularity and ease of networking and sharing content online adds to the problem.

Just how do you possibly track back brand awareness, brand and market share, and return in investment to these activities?

Blog posts upcoming include advertising offline, advertising online, direct mail, exhibitions, conferences, websites / blogs, emarketing, social media – Linkedin, Twitter and Facebook, brand / brand value and financial ROI.

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