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The world of marketing is all about results, and in today’s digital age, those results come wrapped in numbers. Don’t worry if terms like CTR and engagement leave you scratching your head. This post will break down key marketing terms and show you how they can help you understand what’s working in your marketing strategy.
Imagine you throw a fantastic party, but no one RSVPs or shows up. That’s kind of what low engagement feels like in the marketing world. Engagement measures how your audience interacts with your content. Here are a few ways to measure it:
This metric shows the percentage of people who see your call to action (CTA) and actually click on it. A high CTR indicates your audience is finding your content interesting and relevant.
Popular types of engagements include likes, comments, and shares on social media platforms show how your audience interacts with your posts.
This metric reveals the percentage of visitors who leave your website after only viewing one page. A high bounce rate might indicate your landing page isn’t grabbing attention or isn’t relevant to the visitor’s search intent. There are many ways to fix and improve your bounce rate.
Engagement is great, but conversions are the ultimate goal. A conversion happens when someone takes a desired action, like signing up for your email list, making a purchase, or downloading a white paper. Here’s how to measure conversions:
This metric shows the percentage of visitors who complete a desired action after seeing your marketing message. There are different articles conversion rates and how it is vital to your strategy.
This refers to the number of potential customers who show interest in your product or service by providing their contact information. Each lead generation will be different depending on what your service or product is.
Marketing isn’t just about likes and shares; it’s about driving business growth. These KPIs help you understand the financial impact of your marketing efforts:
This metric reveals how much it costs to acquire a new customer. Customer Acquisition Cost can be looked at as a sign of your sales and marketing health.
This is the holy grail of marketing KPIs. It shows the financial benefit you’re getting from your marketing spend. A positive ROI indicates your marketing efforts are generating more revenue than they cost.
These are just some of the many ways to track your marketing results. The key is to choose the ones that matter most to your business goals and keep an eye on them over time. By understanding these numbers, you can see what’s working, what’s not, and make adjustments to get the most out of your marketing efforts.
Not sure if you understand your marketing analytics? Schedule a call and let Sagetree break down the numbers for you!