We are all caught up with the rush of everyday life, and sometimes it is hard to step back and take the time to analyze what our actions have actually achieved, which is a real shame! Monitoring and reporting on your KPIs is mission-critical for measuring the effectiveness of your initiatives, fine-tuning your strategies and actioning other drivers according to your results.
If you are reading this article, then it means you know only too well that you cannot plan a marketing strategy and generate a return on investment (ROI) without measuring its effectiveness.
Sometimes we might also feel somewhat bewildered when staring at the sheer wealth of data available for analyzing, and we can quickly lose heart.
This article will give you the main KPIs for measuring the effectiveness of your marketing actions.
Before you start checking whether your marketing actions are actually working, first define the objectives that you are looking to achieve through those actions.
There are three main types of objective:
This type of objective is aimed at putting your company’s name on the map and enhancing your brand image using visibility-boosting actions
This type of objective is focused on generating visits to your website or application
This type of objective is aimed at creating new business opportunities for your sales force
Once you have set and quantified your objectives, the time has come to define which KPIs you need to analyze.
These indicators are used to measure your brand awareness and visibility
These indicators are used to measure your community’s engagement with your brand and content
These indicators measure the return on investment from your actions and the achievement of your objectives
It goes without saying that you can analyze many other KPIs, but the aim here is to provide you with the main KPIs that you should track for each of your actions.
By setting your objectives before launching your campaign, implementing the right drivers according to your target market and analyzing their performance, you can measure the ROI of your actions and define opportunities for improvement or identify the best performing actions that you can reuse for subsequent campaigns.
TraceParts is one of the world’s leading CAD-content platforms for Engineering, Industrial Equipment and Machine Design. TraceParts brings highly targeted Lead Generation marketing services to hundreds of customers of all sizes and from all industries, via powerful cloud-based API and SaaS applications such as 3D part libraries, product catalogs and configurators.
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