Marketing 101: Are Metrics a Good Indicator of Success?

Marketing 101: Are Metrics a Good Indicator of Success?

Author: Penny C. Sansevieri / Source: Entrepreneur In today’s world, nearly everything can be measured by metrics: Facebook likes, Twitte

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Marketing 101: Are Metrics a Good Indicator of Success?

In today’s world, nearly everything can be measured by metrics: Facebook likes, Twitter followers, YouTube views, etc. In a world of big data, metrics drive our behavior, but in sixteen years in business, “metrics” is a word I’ve come to hate. Although metrics can be great in determining ad or website performance, when it comes to overall marketing efforts, focusing on metrics alone may be what kills your marketing plan.

In fact, focusing on metrics can make you lose sight of your overall goals. Most great marketing successes, regardless of your product, are the cumulative result of multiple actions. You can’t depend on a direct measure of success from every single action, otherwise you would get stuck in your tracks early on. Planting and cultivating seeds takes time.

If it’s not working, maybe you’re doing it wrong

Something important to keep in mind is that sometimes marketing efforts don’t work because they are not being done correctly. You may need to put some time and effort into researching the meaning behind your dismal metrics. Could your blogging be ineffective because you have misidentified your potential audience? Have you run out of things to say? If that’s the case, start researching four to six successful companies with a similar audience. Whether you’re researching the kinds of questions they answer with their blog or what they’re doing in terms of their blog and social media, you may find some great information. Maybe there are social media sites that you should be on and aren’t, or vice versa. If you look at four to six companies in your market, you’ll start to see a trend of what’s working for them.

Bottom up marketing

Another problem with blindly following metrics can be saying no to opportunities that may benefit you in the long run. One of my favorite strategies is “bottom up marketing.” Mark Victor Hanson, one of the master minds behind the Chicken…

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