How Successful Is Your Marketing Plan?
You may put a huge amount of thought and effort into your marketing plan, but if you don’t take steps to analyze the results, you are only doing half of the job.
You need to know if what you are doing is having the desired effects or whether you need to adjust your approach. In this blog post, we will look at some of the ways that you can evaluate your marketing plan.
This way, you can continue doing better and increasing the breadth of your target audience.
Here are five measurement techniques that you should be using for each and every one of your marketing campaigns.
Return On Investment
When you invest any amount of money in your business, you want to make sure you are getting something in return. Obviously, you will want to measure the amount you are spending on each individual marketing campaign versus how much you are bringing in to your business in sales. Though it may be tricky to draw a direct correlation, you can compare your different marketing campaigns.
Another way that you can measure the success of your marketing plan is by seeing how customers respond to it. Online surveys are a good way of doing this, and you can encourage people to return the forms by offering them an incentive to do this such as a discount or offer code.
Social media is also a good way of getting instant responses from people. You can pose questions and see the type of comments you get back. Using an app like Sendible will help you monitor and reply to mentions of your brand.
Related: Why I Left Buffer For SmarterQueue
It is also worth getting feedback from any associated brands, suppliers, and vendors. If you have a marketing agency like m8th.com, they should be closely involved.
When you are devising marketing plans, you often don’t get the benefit of taking outside opinions on board. You may get contrasting reports from different organizations, but it is always a good idea to get as many opinions as possible, particularly from those who are directly involved in the marketing sector.
This way, you should be able to improve the quality of your campaigns over time.
Marketing and sales are two departments that should be working side by side, so it is worth seeing what sort of response you get from your sales department. If the feedback is very negative or a lot of customers have not noticed your marketing efforts, you should think about changing your approach.
The final way of analyzing the success of your marketing campaign that we are going to discuss in more detail is the type of response that you get from your competitors. If your rival firms rush out to run a similar campaign, you have a pretty good idea that what you are doing is having a major impact.
However, if they go largely ignored or there is a negative response, you may want to rethink what you are doing.
Ready To Learn The Business Of Blogging?
My full profitable blogging course BLOG BOSS is in session! Learn everything you need to create, launch, market and monetize a successful blog.
ACCESS MY MEMBERS-ONLY RESOURCE LIBRARY & START GROWING YOUR ONLINE PRESENCE, BLOG & BUSINESS
PROFITABLE BLOG TOOLKIT
Get Instant Access To My Members-only Resource Library Packed With FREE Tools To Grow Your Blog + Biz!
HerPaperRoute is a resource for bloggers to learn tips and tools to improve and monetize their blog and business. As such, this post may contain affiliate links, as I recommend products/brands that I personally use in my business. For more information, see my disclosures.