Question

identify two ways you would measure the outcome of your campaign.

identify two ways you would measure the outcome of your campaign.

Homework Answers

Answer #1

A campaignis always having a clear objective, such as raising awareness of a product, informing the public regarding the company news, reaching into a wide audience, or improving the  reputation of the brand or organization.

Measurement is the key for optimizing any process, and marketing campaigns are also having no exception.

Here are the 2 different ways to track the impact of your campaign:

Return on Investment (ROI)

Return on Investment measures the sales revenue that the campaign brings on every dollar spent. Considering the case , where  John spent $1,000 on a campaign that generated $5,000 in sales, John's ROI is $4,000 or  simply 400%. This is the best KPI to measure the effectiveness of all marketing campaigns because it also measures the quality of leads these campaigns generate.

Google Analytics

It is an important campaign effectiveness measurement techniques

Using Google Analytics or any similar tool one can  measure and analyze the sales process for the leads generated by each marketing campaign (for example, conversions and percentages for visits, the interactions, leads and sale). This may help in finding drop off points that can tell you more about the  traffic or the sales cycle.

If you liked the answer, please Up Vote. Thank you!

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Identify three ways to estimate or measure the coefficient A for a real investor.
Identify three ways to estimate or measure the coefficient A for a real investor.
Identify and discuss at least two ways you might be able to use the time value...
Identify and discuss at least two ways you might be able to use the time value of money calculations in your personal life.
Identify and discuss at least two ways you might be able to use the time value...
Identify and discuss at least two ways you might be able to use the time value of money calculations in your personal life.
Identify and discuss at least two ways you might be able to use the time value...
Identify and discuss at least two ways you might be able to use the time value of money calculations in your personal life.
Think of something that you might want to measure that is affected by random variation.  Identify what...
Think of something that you might want to measure that is affected by random variation.  Identify what you want to measure, then describe its (approximate) sample space. Give a rough description of the probabilities associated with those values (you can simply specify if they are all the same probability or if values in one range will be more likely than values in another range). What would you say to a person who says that he or she "knows" what the outcome...
Please provide two ways of accessing interpreter services? How would you access interpreter services for your...
Please provide two ways of accessing interpreter services? How would you access interpreter services for your clients in the workplace?
You plan to carry out a marketing campaign for your firm. You estimate that the campaign...
You plan to carry out a marketing campaign for your firm. You estimate that the campaign will cost the firm $500,000 right away. You expect that the campaign will yield $270,000 in positive cash flow at the end of year 1 and $300,000 at the end of year 2. If the discount rate is 10%, does it make sense to execute the campaign? Calculate the net present value of the project to support your conclusion. Specify the calculation process.
As a change leader how will you measure the effectiveness of your change process? Will you...
As a change leader how will you measure the effectiveness of your change process? Will you attempt to quantify it? In what ways?
1. Real GDP per person is an imperfect measure of economic well-being:  Identify at least two important...
1. Real GDP per person is an imperfect measure of economic well-being:  Identify at least two important factors that affect people's well-being that are excluded from GDP. 2. List at least two ways that higher real GDP/person does imply greater economic well-being.
What is solvency? Identify and discuss two ways a company's solvency is measured
What is solvency? Identify and discuss two ways a company's solvency is measured