How to Evaluate Your Marketing Campaigns for Better ROI

If your marketing efforts are showing little to no sign of improvement, it may be time to evaluate your marketing campaign. Marketing can be very difficult and time consuming, but, as a business owner, it’s vital for you to have a solid plan to make a real impact in the business arena.

A robust marketing campaign can be your ticket to achieving long-term success. It’s always important to measure what works and what doesn’t, especially in marketing campaigns. Knowing what works and what doesn’t helps you plan better and result oriented marketing campaigns and improve the ROI.

There are a few ways to do this, the most common one being to try various methods and find out which ones produce the most profit.

To help you determine what these methods, consider the list below.

1- Campaign Attribution

Campaign attribution is one of the best ways to drive targeted traffic to your website or blog because it gives you the ability to track the success of your marketing efforts. Many people are using campaign attribution in order to increase their sales revenue; good thing, you can find a lot of useful information about this online.

Campaign attribution basically involves setting up an ad campaign that can be linked to a website and blog, which is very beneficial to many people because it allows you to determine if you’re getting the best results from your ad campaign. This will also give you an idea on how much you need to increase your ad campaign’s effectiveness.

2- Click-Through Rate

One way that you can get an idea on how successful your internet marketing campaign has been is to take a look at the click-through rate of your site. This is the percentage of visitors that click on your site or blog when they come to your virtual space. You can get a good idea of how many people are going to visit your website by checking out how many visitors your site gets each month.

This can be helpful in determining how well your website has been performing. The most successful websites get between 15-25% of visitors who leave the page after only a few seconds of being on these pages. This means that if you’re having a very successful campaign, you’ll get more people to leave your site than leaving your site just because they couldn’t find what they’re looking for.

3- Focus Groups

One of the best ways to evaluate your marketing campaign is to conduct focus groups. Focus groups are conducted to gather feedback from your target market so that you can determine what they need in order to make their lives easier, as well as improve your existing marketing campaign.

The goal is to know what changes you need to make on your marketing campaigns and how much you’ll need to invest in them. With focus groups, you’ll be able to determine if your campaigns are successful because you’ll know what you’re promoting and who your target market is.

4- Customer Lifetime Value

One of the biggest mistakes businesses often commit is that their marketing programs don’t even include data-driven strategies to measure customer lifetime value (CLV). That means if a marketing plan doesn’t account for customer lifetime value, it can’t be effective and will not help you achieve the goals that you have set. That’s why tracking your customer’s CLV is so important.

You can find out how to evaluate your marketing campaigns by asking the following questions about your customer’s CLV:

  • How long have they been using the product?
  • How many times per month do they purchase the product?
  • How often are they returning the product?
  • Are they returning because they’re dissatisfied?
  • Did the customer get the product right away?
  • What are their future buying habits?

The answers to such questions are what marketing managers and their teams need to understand in order to see where they should focus their marketing dollars. Tracking customer lifetime value allows business owners and their marketing teams to see which marketing strategies they should pursue.

5- Google Analytics

It seems like every single month, there’s an article in the media on how to evaluate your marketing campaigns. How do you know what is working for you and what isn’t?  There are a lot of techniques that can be used to evaluate your marketing campaigns, and most of them involve tracking data through Google Analytics.

To use Google Analytics to track your marketing campaigns, you can enter a keyword or phrase and, then, click on ‘Measurements.’ There’ll be a list of items listed that you can look at. For instance, if you want to track which ads are getting clicked, select ‘Clicks.’ On the other side, if you want to track which keywords your visitors are typing into the search engines, select ‘Keywords.’ When you’re looking at the data you want to see, you can choose to view them in Google Forms or Google Charts.

Either way, it’s a great way to keep track of your marketing campaigns and to analyze what your visitors are doing.

Improve for the Better

Effective marketing campaigns require a lot of planning and coordination. You need to keep all of the components of your marketing strategy in place and use them effectively. Otherwise, your advertising campaign will have little impact or it will be ineffective.

By keeping track of the results of your existing marketing campaign, you can also see which components are most effective. This information will help you create a flawless marketing campaign that can help you haul in customers and earn profits!