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Statistical Analysis / Tracking & Reporting |
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Written by Administrator
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Saturday, 25 July 2009 15:55 |
The Best Marketing is not made by guesswork!
At the end of the day, the bottom line to marketing is the cost of acquisition per sale. This holds true regardless of whether you are marketing products or services. If your cost of acquisition per customer is less than your competition, you will increase your market share percentage dollar per dollar spent on marketing. This assumes of course, that your cost of maintaining a customer, and a customer’s lifetime value is in par.
The trick is not to look at the whole marketing plan when making decisions, but to break it down into campaigns or marketing segments, and track each separately. This will allow for quick and efficient decision making. in order to have long term continued success all marketing requires a successful tracking methodology in order to garner effectiveness. The trick is not to look at the whole plan, but to break it down into campaigns or marketing segments, and track each separately. This will allow for quick and efficient decision making. Successful campaigns are rolled out stronger or scaled up. And of course, campaigns that are not meeting expectations are either re-configured or discontinued. The ultimate goal for the purposes of this discussion is to determine how best technology can support a professional marketing executive with determining the answers to those factors:
- What is your cost of acquisition per lead, per sale?
- What is the cost to acquire a new customer?
- What is your ROI?
- Campaign Marketing Questions to answer in detail:
- of the current working campaigns, which is working the best and why?
- Which Website URL works best
- Which call centers are most effective
- Which Sales reps perform the best, and which are burning leads?
Our team of experienced professionals can help you make the best decisions possible!
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Last Updated on Thursday, 19 May 2011 11:19 |