by Fronetics | Mar 15, 2018 | Blog, Content Marketing, Logistics, Marketing, Strategy, Supply Chain
Here are four simple steps to help you measure your company’s content marketing ROI and the success of your strategy.
Lean-startup pioneer Eric Ries said, “The only metrics that entrepreneurs should invest energy in collecting are those that help them make decisions.” In other words, measure the things that will tell you if an effort was profitable so you know where to put your time and money.
But most companies aren’t using the right metrics to track their content marketing ROI. For example, 83% of B2B enterprise companies (over 1,000 employees) use web traffic as their main metric for measuring content marketing ROI. A spike in homepage hits could be the result of your hard work, but it could also be ghost spam, or even both! So clearly, web traffic isn’t the most reliable metric.
Content marketing ROI is harder to quantify than checking a few quick numbers. But don’t give up hope. In the article How to Measure Content Marketing ROI: A Simple 4 Step Process, marketing consultant Bill Widmer breaks down a simple, four-step process that will quickly and effectively measure your content marketing ROI.
What is content marketing ROI?
Content marketing ROI is how much revenue you gain from content marketing in comparison with what you spend on creating and distributing content. It’s an actual percentage that shows how much revenue you gained vs. how much money you spent. And for a lot of businesses (and bosses), this percentage is very important. They want you to be able to prove that the marketing dollars that are going into your content marketing strategy are actually pulling in new business.
Every company has specific key performance indicators (KPIs) that help shape their marketing strategies. Here at Fronetics, we believe that your content marketing strategy should take these KPIs into consideration when thinking about your ROI:
- Website traffic
- Leads generated
- Conversion rate
- Direct sales
Obviously content marketing has more benefits than these four KPIs demonstrate — including better customer retention, brand awareness, and improved SEO — but to begin to measure your ROI, let’s focus on these four main points.
Measure content marketing ROI in 4 simple steps
1. Download your reverse goal path data.
Andy Crestodina, co-founder and CMO of Orbit Media, suggests:
- Go to your analytics dashboard. Set the date range for at least a year.
- Go to Conversions > Goals > Reverse Goal Path.
- Add a filter like “/blog” so only blog posts show up.
- Sort by Goal Completions.
After this step, you’ll be able see which of your posts have driven the most conversions. But you can’t stop there. These are simply conversion numbers. We want those numbers to become conversion rates, so let’s keep going.
2. Download your pageview data.
In order to calculate a conversion rate, you need to know pageviews. Here’s how to get that information:
- Go to Content > Site Content > All Pages.
- Filter with “/blog” to get only blog posts.
Download this data into the spreadsheet from step one.
3. Get your conversion rate.
Now here’s a little math for you. Divide the data in the “conversions” column by the number in the “unique pageviews” column. This will give you your conversion rate per blog post.
This will show you what your best-performing pieces of content are, and what posts need to be updated to gain more views and shares.
This information will give you valuable insight into the topics that your target audience are reading about and how you can better plan for high-ranking content in the future.
If you have posts or pages that are older — like over a year — and they haven’t gotten any views or conversions, it’s time to think about reworking them to have more appeal to your target audience.
For your actual percentage, you’ll need to calculate how many of these leads have converted to sales.
4. Calculate content marketing ROI based on lead conversions.
Here’s where things get a little more complicated, but still very manageable. You need to start putting tags on your leads according to the content they came from.
You can use programs like WordPress or Blogger to help you automatically tag any leads that came from a specific form. Assuming the form correlates to a single blog post, you will know that any leads with that tag came from that post.
You can also connect your leads with a CRM, such as HubSpot or SalesForce, and track which leads came from specific emails. These programs easily integrate with your analytics and email marketing platforms for up-to-date numbers and data.
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by Fronetics | Feb 20, 2018 | Blog, Content Marketing, Current Events, Logistics, Marketing, Social Media, Supply Chain
One of 2018’s fastest growing marketing trends is influencer marketing. Companies will increase their influencer marketing budget to keep up with the competition.
You’ve probably heard the buzzword by now: Influencer marketing seems to be on the tip of every marketer’s tongue these days. Linqia’s latest report, The State of Influencer Marketing 2018, shows that B2C companies are already taking full advantage of this marketing trend. Their report shows that 86% of B2C marketers used influencer marketing in 2017, and 92% of marketers that tried it found it to be effective.
B2B marketers, on the other hand, have been slower to adopt this new marketing trend. Influence 2.0 – The Future of Influencer Marketing Research Report 2017 showed that only 11% of B2B marketers have an ongoing influencer program.
To understand why influencer marketing is becoming so popular and why B2B companies need to jump on the trend, let’s start with the basics.
What is influencer marketing?
Influencer marketing is a form of marketing in which focus is placed on influential people, rather than the target market as a whole. Marketers identify individuals that have influence over potential buyers and create marketing campaigns and activities around these influencers.
For example, Microsoft teamed up with National Geographic last year to launch an influencer marketing campaign, called “Make What’s Next.” The technology giant leveraged some of the most famous adventure photographer influencers on Nat Geo’s Instagram for the campaign. The objective was to bring awareness to young women with interest in science, technology, engineering and math (STEM). By utilizing Nat Geo’s most heavily followed female photographers, Microsoft was able to access a built-in following.
Why influencer marketing works.
Influencer marketing is extremely effective because of three key components:
- Social reach: Influencers can reach millions of followers (and consumers) through their social media channels, websites, and blogs.
- Original content: Influencers work with marketers to produce original content for your brand.
- Consumer trust: Through their existing, strong relationships with their audiences, influencers have a built-in level of trust and can influence consumer opinions.
Content marketers are working overtime to update their content marketing strategies to include influencer marketing campaigns. Consumers no longer want to hear from brands about their products; they want someone they trust to recommend products and services. This is where influencer marketing comes in to play.
Marketers across industries found influencer marketing to be so effective in 2017, that 52% of are planning programs that leverage multiple types of influencers (celebrities, top-tier bloggers, micro-influencers) in 2018.
Where do you begin?
Instagram should be your starting point. According to new research, influencer marketing on Instagram will have generated over $1 billion by the end of 2017, with significant annual growth going forward. With more than 700 million users, Instagram’s platform allows influencers to easily share photos and videos with their followers. Product promotion has never been easier.
Boxed Water turned to Instagram influencer marketing to market its philanthropic campaign, The ReTree Project. The company paired with social influencers, like actors Aidan Alexander and Jaime King, and YouTube star Megan De Angelis, to spread the word about their new campaign. These popular Instagram users asked consumers to post a photo with the hashtag #ReTree and, in turn, Boxed Water would plant two trees for every photo posted. Just one month after launching the campaign, Boxed Water generated more than 2,600 posts with the hashtag.
With 39% of marketers planning to increase influencer marketing budget this year, B2B companies are quickly seeing the leverage that influencers can have over their target audiences. By pairing your products or services with the right influencer, marketers can easily tap into thousands of potential consumers, increasing website traffic and leads.
Have you tried influencer marketing? How was your experience?
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by Fronetics | Feb 7, 2018 | Blog, Content Marketing, Marketing, Strategy
To be effective, your content marketing strategy should align with your sales goals. Here are three simple questions to ask yourself to make sure your documented strategy is on target.
I recently read an article on the Harvard Business Review that discussed pairing your sales goals with your marketing goals. This strikes at the heart of what we do at Fronetics: build a client’s content marketing strategy that will help advance their short- and long-term business goals. It sounds simple, but you have no idea how many organizations’ marketing goals are misaligned with what the larger organization is trying to accomplish
We need to make sure that — while we’re continuing to increase content production — we have a fundamental understanding of what we’re trying to create.
According to the Content Marketing Institute, 88% of marketers use content marketing. But a mere 30% of B2B marketers say their organization is effective at it. What that says to me is that a lot of companies are dumping their resources into content marketing, but, without a strategy that advances their business goals, they’re throwing away their time and money.
A content marketing strategy outlines the methods by which you will target, reach, and engage your audience. Research and execution of these tasks can be quite complex. Writing out a plan and assigning appropriate resources can offer clarity and guidance to your organization throughout the course of your program.
Here are three questions to ask yourself to make sure that your content marketing strategy is complementing your sales goals.
3 questions to align your sales goals and content marketing strategy
1. Why: Why am I doing this?
This question should be fairly easy to answer. The reason you’re documenting a content marketing strategy is for your business. You’re looking to align your marketing efforts with your business objectives. For a lot of companies, this ultimately means increased revenue from sales growth.
When done correctly, content marketing can support sales goals, making it easier to generate leads and helping the sales team close business. But you need to continually ask yourself, why?
The constant demand for more and more content can have a great impact on quality. More isn’t always better. Make sure you’re checking in with your strategy to make sure the content you’re producing is in alignment with your business goals.
2. Who: Who am I trying to attract?
In order to get the ball rolling in content marketing, you have to understand who you are trying to reach. Your company’s sales goals will help guide this target audience. It’s important to think holistically when considering who you are trying to reach at a potential prospect’s company. Typically, your target audience falls into two categories: Primary (decision-makers) and Secondary (influencers of the decision-maker).
Going one step further, you need to identify your target audience’s needs and pain points so that you can direct your content marketing strategy at creating awareness around those needs.
Once you have a thorough understanding of who your target audience is, you can begin to identify the different social media platforms they use. Using analytics tools within social networks can help you identify trends in social media use.
3. What: What content is going to work the best?
You’ve discovered your why and who, but now you need to finalize what kinds of content you’re going to create. Create the kinds of content your target audience seeks, and distribute it through the platforms on which they seek it. How-to videos on YouTube? Thought leadership on LinkedIn? Optimize the material you distribute for each channel. Use the social channels that best suit your brand message, type of content, and target audience.
Valuable and relevant content is not a sales pitch, but can help the sales process. Create content that communicates valuable information to customers and prospects so that they have the knowledge to make more informed decisions. Moreover, concentrate on content that establishes your business as a reliable source of knowledge — as a thought leader within the industry. Be thoughtful when you create content.
Even though 39% of marketers expect their content marketing budgets to increase this year, that doesn’t mean you should continue throwing money at your content marketing efforts until you have a clear plan that will advance your business. To be effective, marketers should document a content marketing strategy that aligns with their business and sales goals. It doesn’t have to be complicated. But it should reflect the “why, who, and what” of your sales strategy.
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by Fronetics | Jan 25, 2018 | Blog, Content Marketing, Marketing
Why is no one reading your blog? Chances are, you’re not doing it right. Here are some of the blog writing mistakes you may be making.
There is so much content out there. In fact, the U.S. alone generates 2,657,700 gigabytes of internet data every minute. Every minute! That’s a whole lot of videos, tweets, posts, and photos being shared online. No wonder no one is reading your blog.
There’s so much competition out there, it’s hard to stand out against those numbers. Even with the time and energy you’re putting into your blog, you’re not seeing the views and engagement you were hoping to achieve.
Most likely, you are making one of these mistakes. Here are some reasons why no one is reading your blog.
10 reasons why no one is reading your blog: an infographic
(Made with Canva)
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by Fronetics | Sep 25, 2017 | Blog, Content Marketing, Marketing, Social Media, Strategy
Use the first months to lay a solid foundation for your content marketing program so it can begin generating leads and sales.
So you decided it was time to jump into the content marketing game. You’ve been crafting the perfect content. You’re posting on a regular basis. You’ve identified your target audience and have been researching keywords. You’ve even learned a thing or two about SEO.
But you have no leads or sales to speak of. And your boss is breathing down your neck for results, FAST. Is it time to throw in the towel? Absolutely not!
Content marketing is a long-term solution that helps businesses build brand awareness, grow their audience, and generate new leads and sales. But, like any good relationship, it takes time and effort to achieve results. You shouldn’t give up before the seeds you sow have time to bear fruit.
To understand the time table for content marketing, let’s look at some markers for the first six months.
Month one
Learn about your target audience and understand their needs.
In order to get the ball rolling in content marketing, you have to understand who you are trying to reach. It’s important to think holistically when considering who you are trying to reach at a potential prospects’ company. Typically, your target audience falls into two categories: Primary (decision makers) and Secondary (influencers of the decision maker). Going one step further, you need to identify your target audience’s needs and pain points so that you can direct your content marketing strategy at creating awareness around those needs.
Document a content marketing strategy.
You would never operate your business without 1) creating a strategy, 2) documenting it, and 3) following the strategy. A content marketing strategy outlines the methods by which you will target, reach, and engage your audience. Research and execution of these tasks can be quite complex. Writing out a plan and assigning appropriate resources can offer clarity and guidance to your organization throughout the course of your program.
Month three
Create and publish content.
93% of B2B marketers use content marketing. However, less than half (42%) of B2B marketers say that they are effective at content marketing. One of the reasons these marketers are ineffective: bad content.
When you are creating and curating content for your business, focus on original content that stands out to current and prospective customers. Valuable and relevant content is not a sales pitch. Rather, it is content that communicates valuable information to customers and prospects so that they have the knowledge to make more informed decisions. Moreover, it is content that establishes your business as a reliable source of knowledge — as the thought leader within the industry.
Promote content on multiple channels.
Understanding your target audience and which social media platforms they’re using is invaluable information. If you want to reach potential and current customers, you need to be where they are. You need to make it easy for them to find you and to engage with your business. And if your competitors are already active on social media, start by finding out where. If these platforms align with your ideal customer, don’t be afraid to kick start your social media presence alongside them.
Month six
Analyze your performance.
Track and analyze your metrics on a daily, weekly, monthly, and annual basis. Take a look at what is working and what is not. By tracking and analyzing your metrics you can see, for example, what type of content is most effective and which distribution channels are helping you achieve your goals. You’ll also be able to find opportunities for improvement. Look at the feedback you are getting through your engagement with customers and prospects, and make adjustments to your strategy as needed.
Expand your content creation.
If you’re focused on growing your business or creating awareness through the creation of engaging content, then you need to be ready to try new things. Have you been successful with blogging and Facebook posts? Then it’s time to try making videos and joining Twitter. And don’t be afraid to pull from other worthy sources. Content curation will serve to establish your business as a trusted resource and increase your brand visibility, all without over-promoting yourself.
Remember that when it comes to content marketing, it is important to think: marathon not sprint. An effective content strategy requires patience and determination. Many companies make the mistake of giving up on a content strategy too early. Give your relationship with content marketing time to play out, and don’t be afraid to adjust your strategy along the way if you find some things are working better than others.
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