Decoding Marketing Metrics: Traditional and Emerging Trends
Delve into the world of marketing metrics, where traditional standards meet emerging trends.
JoAnne Gritter, COO of ddm marketing + communications, highlights the importance of evolving marketing metrics. Businesses must identify key metrics amid changing trends, from established benchmarks to emerging industry shifts.
The days of placing an advertisement in a print publication and guessing at the sales growth it achieved are gone. Even social media growth, engagement rate, and organic traffic have passed the point of being buzzwords. The landscape of marketing metrics is constantly evolving.
As we gain new ways of harvesting more granular and accurate data points, marketers must understand which metrics are gaining popularity and why.
Here is a quick roundup of which traditional automated marketing metrics are still worth watching and which new metrics are becoming worthy of your attention.
Established Key Metrics To Keep Your Eye On
1. Social media metrics
Tracking social media growth provides insights into the expansion of your online presence and audience reach. Additionally, monitoring the engagement rate allows you to gauge the level of interaction and connection with your audience, indicating the effectiveness of your content and campaigns.
2. Website traffic metrics
Understanding website traffic is fundamental to assessing the performance of your online platform. Organic traffic — visitors who find your website through unpaid search results — offers insights into the effectiveness of your SEO efforts.
Monitoring traffic per channel helps identify which channels drive the most visitors, enabling targeted optimization strategies. Referral traffic indicates visits from external sources, shedding light on the effectiveness of your partnerships and backlinking strategies.
3. SEO metrics
Search Engine Optimization (SEO) is crucial in enhancing your online visibility and attracting organic traffic. Monitoring keyword ranking lets you track your website’s position in search engine results for specific keywords, guiding your optimization efforts. Google’s quality score assesses the relevance and quality of your ads and landing pages, influencing your ad rank and cost-per-click.
4. User engagement metrics
User engagement metrics provide valuable insights into your audience’s level of interaction and interest. Average page views per session indicate your website content’s depth of exploration and interest. Monitoring website traffic overall allows you to track the volume and patterns of visitor interactions, informing content optimization and user experience enhancements.
5. Conversion metrics
Ultimately, the success of your marketing efforts lies in converting visitors into customers or leads. Conversion rate measures the percentage of visitors who take a desired action, such as making a purchase or filling out a form, reflecting the effectiveness of your conversion optimization strategies.
Return on ad spend (ROAS) evaluates the profitability of your advertising campaigns by comparing the revenue generated to the amount spent on advertising, guiding budget allocation and campaign optimization efforts.
See More: Create a Viewer-Centric Ad Strategy on OTT With Open Source Technology
Emerging Metrics To Investigate
1. Data-driven personalization
Personalized campaigns are crucial for standing out in a competitive market, demonstrating an understanding of individual customer needs and preferences. Metrics include the success rate of personalization campaigns and customer response to personalized content.
2. Voice search optimization
Voice search optimization is vital to ensure visibility and relevance in an era where voice assistants are increasingly shaping consumer search behavior. Monitoring metrics such as voice search impressions and conversion rates from voice searches is essential.
3. Data privacy and compliance
Prioritizing data privacy and compliance is essential for maintaining customer trust and loyalty in an age where data breaches and privacy concerns are prevalent. Metrics to consider include compliance adherence and customer trust metrics.
4. Video marketing
Video marketing continues to dominate content consumption trends, offering unparalleled engagement and storytelling opportunities. Tracking metrics like video engagement and conversion from video content is key.
5. Influencer marketing
Influencer marketing remains a priority for fostering authentic connections and driving purchasing decisions as consumer skepticism grows toward traditional advertising. Look at metrics such as ROI from influencer campaigns and audience sentiment.
6. Customer segmentation effectiveness
Effective customer segmentation is key for delivering personalized experiences that resonate with diverse audience segments, driving engagement and loyalty. Metrics to watch include segmentation accuracy and engagement with personalized content.
7. Brand advocacy metrics
Measuring brand advocacy is essential for leveraging the power of word-of-mouth marketing and harnessing the influence of loyal brand advocates. Look at metrics such as advocacy reach and customer-generated content metrics.
8. Cross-channel attribution models
Implementing cross-channel attribution models is important for accurately measuring campaign effectiveness and optimizing resource allocation amid the expanding marketing channels. Evolution in attribution models necessitates tracking metrics like multi-channel attribution success and customer touchpoint influence.
Balancing Traditional and Emerging Metric
Recent developments, such as voice search and data privacy regulations and the proliferation of influencer marketing and video marketing, have given rise to their host of useful metrics. Not all of these metrics will be relevant to your marketing success, but ignoring those could deprive your business of actionable feedback.
At the same time, don’t ignore the social media, SEO, user engagement, and conversion metrics that have proven successful. A successful marketing campaign will often still rely on these numbers to determine how to activate new customers and retain your existing audience. How you adapt, adopt, and integrate the old and the new will be critical to any successful digital marketing strategy.
What steps have you taken to integrate the emerging marketing metrics to boost your business? Let us know on Facebook, X, and LinkedIn. We’d love to hear from you!
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