{"id":12366,"date":"2021-12-02T18:55:39","date_gmt":"2021-12-02T18:55:39","guid":{"rendered":"https:\/\/jboitnott.com\/?p=12366"},"modified":"2021-12-15T18:37:30","modified_gmt":"2021-12-15T18:37:30","slug":"understanding-marketing-metrics-real-world-analogies-for-digital-marketers","status":"publish","type":"post","link":"https:\/\/jboitnott.com\/zh\/understanding-marketing-metrics-real-world-analogies-for-digital-marketers\/","title":{"rendered":"Understanding Marketing Metrics: Real-World Analogies for Digital Marketers"},"content":{"rendered":"<p class=\"graf graf--p\">Marketing metrics drive the success of many businesses. And in the age of the internet, devices, and social media, the type of marketing driving those metrics is digital.<\/p>\n<p class=\"graf graf--p\">In the old days when billboards, commercials, and print were king, sales were the only metric that mattered. Now, with everyone carrying devices with cameras, microphones, web browsers, and the means to send data from every tap and click, the data you can gather from a single user interaction is substantial.<\/p>\n<p class=\"graf graf--p\">The older mediums of marketing haven\u2019t gone away. Billboards still dot highways. Commercials still interrupt your shows, but now they stream over your Roku stick on thousands of channels instead of over your TV with tin foil wrapped around the antenna.<\/p>\n<p class=\"graf graf--p\">Marketing metrics are still very relatable from the analog world to the digital. Let\u2019s take a look at the importance of understanding marketing metrics and how they relate to both the analog and digital worlds.<\/p>\n<h2 class=\"graf graf--h3\">Understanding marketing metrics and\u00a0KPIs<\/h2>\n<p class=\"graf graf--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.clearvoice.com\/blog\/5-content-marketing-metrics-need-measure\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.clearvoice.com\/blog\/5-content-marketing-metrics-need-measure\/\">Marketing metrics<\/a> measure the success of campaigns by showing how they track toward specific key performance indicators (KPIs). Key performance indicators identify the goals of the campaign and show how well campaigns are reaching those goals.<\/p>\n<p class=\"graf graf--p\">Metrics are generally static in that they don\u2019t change for a particular channel. For example, email marketing metrics are usually concerned with opens, clicks, bounces, unsubscribes, etc., regardless of the type of email campaign you\u2019re talking about. Metrics are usually consistent over the life of many campaigns.<\/p>\n<p class=\"graf graf--p\">KPIs are different in that they can change depending on which part of the <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.clearvoice.com\/blog\/what-is-a-marketing-funnel\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.clearvoice.com\/blog\/what-is-a-marketing-funnel\/\">marketing funnel<\/a> you\u2019re in. For example, goal completion KPIs track a sales cycle by determining which activities within the cycle correspond with sales goals. You can calculate goal completion by taking the total number of visitors who completed a specific component of the sales cycle and dividing it by the total number of visitors.<\/p>\n<p class=\"graf graf--p\">For example, if 100 users visited your site, and 30 of them clicked through to the Contact Us page, you would have a 30 percent goal completion rate.<\/p>\n<h2 class=\"graf graf--h3\">3 types of\u00a0metrics<\/h2>\n<p class=\"graf graf--p\">Understanding marketing metrics starts with breaking down the differences between impressions, reach, and engagement.<\/p>\n<h3 class=\"graf graf--h3\">1. Impressions<\/h3>\n<p class=\"graf graf--p\">The total impressions related to a piece of marketing content are the number of times the content was shown to the target audience. Impressions represent the opportunities an ad has to influence a potential customer.<\/p>\n<p class=\"graf graf--p\">An example of impressions in the analog marketing world is the number of times a commercial rotates during a season of television, or during a week of radio. The impact of the commercial can be determined by both the number of times the commercial rotates as well as the size of the audience it\u2019s being exposed to.<\/p>\n<p class=\"graf graf--p\">When talking about impressions in the digital environment, the banner ad is still one of the most common ways to get impressions. Having a banner ad in regular rotation on a high-traffic website definitely has the potential for a lot of views.<\/p>\n<p class=\"graf graf--p\">But while banner ads are still in heavy use, social media is continuing to grab eyeballs. According to Statista, ad impressions on social media are <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.statista.com\/statistics\/873631\/social-media-advertising-cpm\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.statista.com\/statistics\/873631\/social-media-advertising-cpm\/\">up 20%<\/a> year over year.<\/p>\n<h3 class=\"graf graf--h3\">2. Reach<\/h3>\n<p class=\"graf graf--p\">Reach and impressions are sometimes used interchangeably. While they are definitely related, they are different.<\/p>\n<p class=\"graf graf--p\">Impressions refer to the number of times content displays. Reach is the total number of people who have actually seen your ad or content. So if your content is displayed on a user\u2019s screen three times while they scroll, that would count as three impressions but only as a reach of one.<\/p>\n<p class=\"graf graf--p\">Reach in the analog world could be something as simple as the number of people who drive by a billboard. When your billboard is on a country road in Iowa, it\u2019s not going to have as great of a reach as a billboard on the I-5 in Los Angeles.<\/p>\n<p class=\"graf graf--p\">Digital marketers measure reach in a number of different ways, especially when it comes to reach on <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.clearvoice.com\/blog\/social-media-marketing-terms\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.clearvoice.com\/blog\/social-media-marketing-terms\/\">social media<\/a>. For example, organic reach is the number of people who viewed your content for free. Viewing a post while scrolling through a Facebook news feed is a good example of organic reach.<\/p>\n<p class=\"graf graf--p\">An example of paid reach is someone viewing an ad that was at the top of their feed because the ad\u2019s creator paid for it to have top placement. Viral reach would be the viewer watching content because a person on their friend list shared it with the viewer.<\/p>\n<h3 class=\"graf graf--h3\">3. Engagement<\/h3>\n<p class=\"graf graf--p\">Engagement is a measurement of the number of interactions users have with your content. Think of engagement as the next logical step after reach. Users viewing your content is one thing, but if the content initiates action to either buy or enter the next section of the marketing funnel, then you have something else worth measuring.<\/p>\n<h4>Get your message through<\/h4>\n<p class=\"graf graf--p\">Because of our pervasive online world, people are viewing about <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.marketo.com\/engagement-marketing\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.marketo.com\/engagement-marketing\/\">3,000 messages a day<\/a>. With all that noise, getting a message through that inspires people to action presents a challenge.<\/p>\n<p class=\"graf graf--p\">Grocery stores have lots of examples of things that boost engagement from shoppers. Seeing a package of cookies among all the other packages of cookies in the aisle is nothing new. But the endcap with the decorated holiday cookies in its own standalone display may entice the shopper to purchase something that they weren\u2019t planning on buying.<\/p>\n<h4>Cultivate engagement<\/h4>\n<p class=\"graf graf--p\">Engagement is a pretty wide umbrella in the digital world. It can be something as simple as a user liking and commenting on your Facebook page to pressing the play button on a video posted on your blog. It can be early in the funnel, like clicking on a banner ad. In the middle of the funnel, it can mean scrolling to the bottom of a product page. At the end of the sales funnel, filling in a form and pressing the \u201csubmit\u201d button to make a purchase is also a form of engagement.<\/p>\n<p class=\"graf graf--p\">Any interaction a user has with content you provide is engagement. Multichannel engagement refers to customers engaging with a company via phone, email, or chat. Each channel is managed in its own separate platform. Omnichannel engagement blends two or more of these channels together through a unified console.<\/p>\n<h4>Blending the channels<\/h4>\n<p class=\"graf graf--p\">A great example of omnichannel engagement is what happens when you call your cellular provider for customer service. Because of higher-than-expected call volume you may be put on hold to wait for a customer service representative.<\/p>\n<p class=\"graf graf--p\">Using omnichannel engagement, a digital assistant informs you that, instead of waiting on hold, a text has been sent to your phone allowing you to engage with another representative over chat instead of waiting for your turn in the call queue.<\/p>\n<h2 class=\"graf graf--h3\">A modern, expanded view of marketing<\/h2>\n<p class=\"graf graf--p\">The beauty of digital marketing is the huge amount of interactions that can be quantified and measured by count, length of time, intensity, breadth, and depth. This can give marketers a truly multi-dimensional picture of the customers who are engaging with their content.<\/p>\n<p class=\"graf graf--p\">Digital marketing hasn\u2019t abandoned the old measuring systems. It\u2019s expanded on them. Metrics identify what matters the most within your digital marketing strategy, and provide answers to the questions most important to your business.<\/p>\n<p class=\"graf graf--p\"><strong><em>Thanks for reading! Do you want to create thought leadership articles like the one above? If you struggle to translate your ideas into content that will help build credibility and influence others, sign up to get John\u2019s latest online course \u201c<a href=\"https:\/\/jboitnott.com\/zh\/writing-from-your-voice-course\/\">Writing From Your Voice<\/a>\u201d here.<\/em><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Marketing metrics drive the success of many businesses. And in the age of the internet, devices, and social media, the type of marketing driving those metrics is digital. In the old days when billboards, commercials, and print were king, sales were the only metric that mattered. Now, with everyone carrying devices with cameras, microphones, web [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984],"tags":[315,708,171,985,288],"class_list":["post-12366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-analytics","tag-digital-marketing","tag-marketing","tag-marketing-metrics","tag-strategy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Understanding Marketing Metrics: Real-World Analogies for Digital Marketers - John Boitnott<\/title>\n<meta name=\"description\" content=\"Here are some real-world examples of marketing metrics and how they relate to both the analog and digital landscape.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clearvoice.com\/blog\/understanding-marketing-metrics\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding Marketing Metrics: Real-World Analogies for Digital Marketers - 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