When a marketing student graduates, there is so much uncertainty, especially in the current climate. As a company that fosters growth in young graduates, we are determined to help people that are embarking on a career in a profession that is ever-changing, dynamic and technology driven.
As a Marketing Graduate we will on-board you to Marketing Eye in a way that allows you to see the full breadth of what a career in marketing will look like. We work with a variety of different industry sectors including technology, biotech, medical, health, logistics, manufacturing and professional services.
The meteoric rise of digital marketing only proves the importance for businesses to understand how to effectively measure their success. We've discussed what the best marketing tactics for lead generation and marketing strategies for small companies are, but how can we actually know whether these strategies have worked or not?
This is where Digital Marketing Metrics come in. Metrics are the tools we use to measure the effectiveness of marketing campaigns. You can capture these metrics through analytic tools such as Google Analytics, HubSpot Analytics, and SEMrush. This is not to be confused with your business Key Performance Indicators. Key Performance Indicators track the performance of your business, whilst metrics are an indication of how effective your processes are. All KPIs are metrics but not all metrics are KPIs.
An advantage of understanding how to read metrics is that you are often able to see the impacts of your marketing campaigns in real-time, as opposed to traditional marketing campaigns, where the results were often not seen until months to potentially years later.
However, a word of warning, not all metrics are as effective as others. These metrics are called Vanity Metrics as described by Tableau. Vanity metrics may sound good on a report but will not provide you with any true insight on how to generate greater sales. For example, the number of Instagram followers. Having many followers may look appealing, however, is this large number reflected in revenue? These are considerations one must take when allocating resources to boosting.
To assist you in determining which metrics you should prioritize, here are the essential 6 digital marketing metrics your business should understand!
An internal communications strategy dictates how we communicate with our internal stakeholders and an effective one, will promote employee engagement, strengthen company culture, and builds trust. It’s a no-brainer for companies that are seeking to strengthen their team and improve company culture.
A marketing teams productivity requires individuals and teams within a business to work efficiently and effectively to optimize output. When marketing teams are productive, they are highly motivated, full of energy, invest in training and development and in general manage their time and environment in a way that produces the best results.
Many entrepreneurs are natural marketers. They come up with great marketing ideas that are often more creative and, on the mark, then those who are paid to do marketing for a living.
The biggest challenge they face is execution.
When hiring a B2B marketing consulting firm, there are many things to consider, especially if you are seeking a successful outcome.
The first is simple. Is the B2B marketing consulting firm experienced? Have they been in the marketing consulting game for a long-time or are they are new entry to the market?
Typically, if the company has been in the market for a long time, they know what works and what doesn’t and are not forced to trial how receptive clients are to their methodology on you. Basically, you want them to have a tried and tested methodology from a customer facing perspective and how they go about developing marketing strategies and solving your business marketing challenges.
Whether you are a team leader, external third party, or marketing manager, running a marketing strategy workshop can be quite daunting – especially if you are unprepared.
The benefit of a marketing strategy workshop is that you can understand the entire marketing operations in your business and how it influences key stakeholders. It’s a great opportunity to get your team together and understand the various goals of your management, sales, and marketing team, and if necessary, how it applies to your product or service development strategy.
By having a checklist in place, and getting your team fired up for an invigorating exercise that will help your business achieve goals.
As an avid entrepreneur who has been playing this game for more than 20 years, I am always amazed just how resilient my peers are, and myself for that matter.
No matter how tired, sick or out-of-sorts I am, I get-up and show-up for every single meeting that I am required to be at. I also make sure that I turn up to work.
While many employees of entrepreneurs may at times feel like they “have the good life” they rarely see the sacrifice and resilience required to just make the payroll. For employees, it’s a given. They make decisions based on what is best for them (and they should), whereas employers and in particular entrepreneurs know that “it’s not about them”, it’s about employees and building a business that is successful.