by Jivox
OK, so you don’t have a big budget for online marketing, but you’ve still managed to put together a little of this, and a little of that – perhaps some paid search ads, banner ads, paid directory listings, video ads and emails. But ask yourself this: what exactly are you getting out of your online marketing program, and is it actually getting people to walk through the door?
We talk to a lot of small business owners who are struggling with this question. They feel like they’ve launched all the right programs, but still have little idea if their campaigns are working to attract new customers.
Sure, everyone measures click-through of banner and search ads. But unless you do most of your business online, it’s tough to figure out if those clicks resulted in someone actually making a purchase, signing up for a service, or booking an appointment. Or even if they clicked on your ad, maybe it was actually the positive reviews they read, or your video on YouTube, that really propelled them to make a purchase.
Here are some simple ways to measure the effectiveness of your online marketing programs:
1) Analyze your web traffic. This seems obvious but many companies aren’t taking advantage of site analytics to understand where their traffic is coming from. If your site hosting provider doesn’t offer analytics of their own, try Google Analytics.
2) Include a different offer with every campaign. Offer $10 off with your email campaign, a 20% discount with your video ad campaign, or a free trial for people who find you on Yelp. As people redeem the coupons or offers, you’ll know which campaign led them to your business. [see also "I Love Beer – And Other Great Video Ad Promotions."]
3) Ask people how they found you. Sometime the best way to get feedback on your programs is simply to ask! For example, Clean Air Smog Check in San Francisco asks customers where they heard about the company in the registration form, and then also offers $20 off for people who found them on Yelp.
4) Track all of the above. Keeping a record of how people typically find you will let you know if something has improved or declined. For example, if Yelp has historically driven 30-40 new customers a month to your business but this suddenly drops to 10, you’ll know something is wrong. Maybe a new review is putting people off, and it’s time to ramp up your reviews program. Conversely, if you typically get 5% redemption on a coupon in an email newsletter but this spikes to 15%, you’ll know you’re doing something right – figure out what it is and try to repeat it!
We’d love to hear what’s worked for you when it comes to tracking sales from online marketing – let us know!