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A Plan to Get More fromDigital Marketing
MEASURE.ADJUST.REPEAT.
What brings in revenue? Customers (or customer acquisition)
What brings in customers? Leads (however you defi ne them)
And, what brings in leads? Traffi c (or website users)
If you’re gathering analytics to show co-workers fancy numbers, you’re doing it wrong. The purpose of these efforts isto accomplish business goals. So make sure the time and money you are investing in analytics are leading to ameasurable bottom-line success.
Revenue from sales is a good example of a business goal. If we start with a KPI of revenue, you can reverse engineer a metrics and measurement strategy.
ALIGN DIGITAL KPIs WITH BUSINESS GOALS01
KPI
METRIC
MEASURE
WEBSITE TRAFFICLEADSCUSTOMERSREVENUE GENERATED (KPI)
Each of these metrics should be a goal that you set up in your analytics platform. When it comes to reporting these metrics, each goal influences the others. For instance, if you increase website users by a certain percentage, you would expect leads to increase.
Let’s examine the model that was reverse engineered:
Finally, what brings in traffic? That should come from tactics
in your digital marketing strategy, including digital advertising, pay-per-click (PPC) advertising, content creation, email campaigns, search engine optimization and more.
3 STEPS to Getting the Most out of a DigitalMarketing Measurement Plan
Every digital strategy is a work in progress. That’s why it’s important to measure and track digital advertising in a meaningful, continual way. It’s not just about who’s clicking on your ads, but how they’re interacting with your brand once they get to your site.
Using sophisticated tools like Google Analytics and Google Tag Manager, you can measure traffic and interaction statistics against established key performance indicators (KPIs) and add strategic thinking and key insights to your campaign.
But before that, you need a plan. Here are three steps to make it happen.
3 STEPS3 STEPS3 STEPS3 STEPS3 STEPS3 STEPS
ESTABLISH BENCHMARKS02
Tr erview
How are page sessions trending?Last 30 days vs. previous period
Sessions Sessions (previous 30 days)
Mar 5 Mar 10 Mar 15 Mar 20 Mar 25 Mar 300
100
200
300
Sess
ions
Sessions
2,47013.1%
Trends and Performance
Landing Page Report Sample Mar 5, 2017 - Apr 3, 2017 ▼
Users
1,8035.7%
Total Events
2,52526.4%
Avg. Session Duration
02:155.9%
Which channels are driving trengagement?Top sessions and events by channel
Sessions Total Events
1 10 100 1K 10K
(direct)
m.facebook.…m.facebook.…
bing
facebook.com
t.co
yahoo
theoutdoorw…theoutdoorw…
1,4021,402
683683
8585
6565
5252
4646
3030
2525
1,6031,603
616616
1212
7979
4545
4343
1616
2929
How many users are returning?New visitors vs. returning visitors
New Visitor Returning Visitor
37.9%
62.1%
55 742742
Where is tr om?Top sessions and events by channelTop sessions and events by channel
55 742742
Event Category Total Events
External Link 840
Gallery Buttons 510
Area of Focus Buttons 335
Video Play 259
Open Position Links 158
▼
1 - 5 / 13 < >
What are users engaging with?Top events on page
POWERED BY
Display Clicks
47,184
Digital Displayby Clicks, CTR, and Impressions
Total Impressions
44,873,432Total Clicks
195,936Total Engagements
18,308Total Leads
7,274
Media Performance
Display CTR
0.42%Display Impressions
11,173,358
Searchby Clicks, CTR, and Impressions
Search Clicks
49,584Search CTR
0.44%Search Impressions
11,233,358
Display Clicks Display CTR
Jan 1Jan 26
Feb 20Mar 17
Apr 11May 6
May 310
5K
10K
0%
0.4%
0.8%
Search Clicks Search CTR
Jan 1Jan 26
Feb 20Mar 17
Apr 11May 6
May 310
5K
10K
0%
0.4%
0.8%
Pre-Roll Clicks
49,584
Pre-Rollby Clicks, CTR, and Impressions
Pre-Roll CTR
0.44%Pre-Roll Impressions
11,233,358
Emailby Clicks, CTR, and Opens
Email Clicks
49,584Email CTR
0.44%Email Opens
11,233,358
Pre-Roll Clicks Pre-Roll CTR
Jan 1Jan 26
Feb 20Mar 17
Apr 11May 6
May 310
5K
10K
0%
0.4%
0.8%
Email Opens Email CTR
Jan 1Jan 26
Feb 20Mar 17
Apr 11May 6
May 310
1.5M
3M
0%
0.4%
0.8%
$1.24 $13.26 $33.38Total Cost Per Click Total Cost Per Engagement Total Cost Per Lead
Campaign Overview
REPORT FOR Jan 1, 2017 - Jun 30, 2017
POWERED BY
CE Target Dealer Rollup Report
Once you have KPIs and associated metrics in place, you’ll
want to begin defining what successful metrics should look
like. Benchmarks are numbers that provide something to
measure against.
If you’ve been running digital ads and a PPC campaign for
the last six months, can you determine how successful those
initiatives have been toward your KPIs and business goals?
Using the example from before, did your investment lead to
more leads or revenue?
After six months of running digital ads and a PPC campaign,
you can compare the current metrics (as seen in the bullets
above) to the same metrics from the previous six months to
see what improved and what didn’t. If you noticed that your
campaign traffic substantially increased, but leads did not, you
might realize that your site isn’t as good at converting users
as you might think. In this case, you should adjust your digital
marketing strategy to focus on conversion rate optimization of
your website’s campaign landing pages.
Without establishing benchmark metrics, it’s hard to know how
much you’ve improved and what you need to focus on next.
If you set up Google Analytics correctly, you can view historic
data, so you’ll want to look at a set of metrics that will
reflect significant trends. Evaluating this data will help set
benchmarks for your digital measurement plan. Using the
revenue KPI example, here are some of those metrics:
Average monthly campaign traffi c from each channel
(email, display ads, etc.)
Average number of monthly leads from each channel
Ranking of traffi c by PPC keywords and ad groups
Cost per lead
CREATE A DASHBOARDAND INSIGHTS REPORT03
1202 P StreetLincoln, NE 68508 -1425
tel 402-437-6400
14301 FNB Parkway, Ste 312Omaha, NE 68154 -5299
tel 402-818-1100
www. swansonrussell.com©2018 Swanson Russell. All Rights Reserved. ZNTURF-052923-8
branding / advertising / public relations
Analytics dashboards are a great overview and visualization of data that supports the KPIs for your business, but you’ll want to take it a step deeper with a report that provides insightful analysis on what is happening with your digital marketing strategy. This analysis should relate back to the KPIs and benchmarks you establishedin the previous two steps.
The purpose here is to provide answers about why something happened and how you will act on those insights. Knowing “why” something happened based on context and in-depth analysis is much more useful for driving improvement, and that’s why measurement is such a valuable tool in your digital marketing efforts.
Prospects Overview
Roll Up Report
POWERED BY
Platform Overview
Email Performance
$64.3KTotal Spend
Market Impressions Opens Clicks CTR E-mail ConversionRate E-mail
Agnostic 417.3K 53.2K 6.2K 11.6% 4.97%
Hunt 1.1M 126.3K 5.1K 4.03% 0.97%
Ag 1.2M 151.3K 3.2K 2.08% 0.37%
Rec 232.6K 24.5K 791 3.23% 0.88%
▼
Values include digital ads, purchased e-mail sends, paid search, and paid video placements.
1,719 1,719Request a QuoteLeads Generated
742E-mail Sign Ups Promotion Entries
1,319 Top vehicleof interest:
Number of non-ownerswho submitted a form: Stampede
Revenue
Database E-mailDisplayGoogleRemarketingPrintPublisher E-mailSearchTVVideo
15.4%
14.1%
57.9%
Budget by platformDatabase E-mailDisplayGoogleRemarketingPrintPublisher E-mailSearchTVVideo
26.6%
12.9%
10.9%
43.3%
Impressions by platform Conversions by platformDatabase E-mailDisplayGoogleRemarketingPrintPublisher E-mailSearchTVVideo
11.3%13.7%
8.6%
55.9%
Publisher and internal database performance
Paid Media Performance
$2.2MTotal Spend
Market Media Impressions Clicks CTR Conversion Rate
Agnostic 246.6M 438.6K 0.18% +0%
Rec 39.6M 129.8K 0.33% 0.01%
Hunt 17.3M 57.8K 0.33% +0%
Ag 29.8M 56.7K 0.19% 0.01%
▼
Digital Ads, Text Ads, Pre-Roll, Social Ads
Paid Search Performance
$4.23Cost Per Click
$3.20Cost Per Click
$1.64Cost Per Click
REPORT FORREPORT FORREPORT FOR Jan 1, 2017 - Dec 31
$108.3KTotal Spend
Pages / Session
4.01
Pages / Session
2.38
Pages / Session
3.81
Search term Impressions Clicks CTR Conv. rate
can am 83.2K 1.2K 1.48% 1.88%
arctic cat 65.9K 4.3K 6.51% 10.06%
utv accessories 51.9K 33 0.06% 6.06%
atvs 35.7K 32 0.09% 3.13%
polaris 32.7K 591 1.81% 2.89%
▼
1 - 100 / 27416 >
TBD TBD
Let Us HelpTo start creating your online measurement plan, contact Brent Schott, Executive VP / Managing Director,at [email protected] or 402-437-6432.
Get Signed Up.To receive insightful articles,tips and more, join our email list at swansonrussell.com/GetUpdates.