APE APE November 2019 | Page 22

MARKETING MATTERS The Marketing Review Pyramid Reviewing your marketing data works like a pyramid. The wide bottom represents your plan and the activities you execute to implement it. The narrow top is the end goal of your campaign. That goal defines your most important metric. For example, if your goal is to increase sales, then sales rev- enue is your most import- ant metric. If you review nothing else, re- view the amount of money or hours spent on your marketing versus the sales revenue you brought in. Start reviewing at the bottom - without this layer, the rest of the pyramid doesn’t ex- ist. The metric you review for this layer is simple- “Did you do it?” If you planned to make 20 social media posts - did you make them? Next review the middle layer(s). If in- creasing sales is your ultimate goal, review the metrics that build into sales - call vol- ume, email inquiries and website visitors. It would be awesome if you could attribute every phone call, email or website visitor to a specific marketing activity, but that’s just not possible. They could be attributed to nor- mal business volume, or to any other type of marketing (like word-of-mouth) because of this these big metrics make up the layer just below your main goal and act as big picture indicators. Traditional vs Digital Marketing If you only engage in traditional market- ing the big picture indicators may be the only middle layer of your pyramid. If you do digital marketing you’ll have another lay- er of data to review. For example, if you do social media - review how many times your posts were shown and how well people in- teracted with them. Website analytics also offer another level of checks and balances for online marketing activities. You can see how many website visitors came from social media and how they behaved on a website. If you get a ton of website visitors from social media but they leave the site immediately, your website might be crappy or maybe your social posts have nothing to do with your service. Finding the Right Tool for the Job The tricky thing with digital marketing is that every channel comes with its own set of metrics and terms, which can be named similar but not identical things. And results will be housed in a unique user interfaces. This is where monitoring tools come in. To regularly review your marketing data, you need a tool that makes it easy. Painstak- ingly gathering data from multiple sources online and compiling them into a consum- able format takes far more time than most Continued on page 25 For More Information On This Advertiser Please Visit www.CallAPE.com/e-inquiry www.callape.com [22] 1.800.210.5923