The most important KPIs for tracking sales growth. It's no surprise that sales growth is considered one of the most important KPIs, if not, for marketing managers and businesses in general. Lifetime value of a customer (LTV). But with so many possible marketing KPIs to track, it can be overwhelming to know where to start.
With marketing revenue attribution, you go beyond the number of qualified leads nearby to see how much of your revenue is influenced by your marketing efforts. Tracking this information is a great way for your team to demonstrate the monetary value of your efforts. The Customer Acquisition Cost (CAC) analyzes the total sales and marketing spend needed to obtain a new customer. This includes all program and marketing costs, salaries, commissions, technology, software, and any additional expenses associated with the conversion of a potential customer into a potential customer.
One way to improve customer acquisition costs is to spend a little more time on activities that can optimize your conversion rates. The lifetime value of the customer is the amount of revenue that a company can reasonably expect over the average lifespan of a single customer. Listen to the world's most downloaded B2B sales podcast The Cost of Customer Acquisition (CAC) measures the amount of money needed to convert a potential lead into a customer. To increase your fan base, you might consider launching sponsored campaigns.
A brand added 36 times its typical number of followers every day during the 4 days it published a series of sponsored posts on Instagram, increasing its number of followers by 18.15%. Check that you're tracking these 12 key performance indicators (KPIs) to keep your marketing engagement high. However, there is hope through online marketing services that can help marketers gather the most important KPIs into digestible dashboards that can quickly effectively direct business leaders, thanks to summaries of overall business marketing performance. We list the 12 most important marketing KPIs that you should track to be aware of how your marketing efforts are demonstrating measurable business value.
One of the top priorities in monitoring marketing KPIs is the growth of sales revenue, or how much your sales revenue increases or decreases each year. Sales revenue growth is the number one key marketing metric to track and can be expressed as a quantity or percentage year after year. Keeping track of whether your sales increase or decline each year and to what extent is clearly a no-brainer. After your customers respond with an appropriate sample size, you can calculate the NPS.
A customer who scores you six or lower is a detractor, while someone who scores you a 9 or 10 is a promoter. Simply subtract the number of detractors from the promoters, divide it by the number of respondents and multiply it by 100 to get your own NPS. Lead acquisition links the amount of money you spend on advertising to the number of qualified leads that return. Acquiring potential customers is also known as cost per lead (CPL) and is an important indicator of whether people respond to your ads.
Tracking the effectiveness of lead acquisition will tell you if your ads are in line with the product or service you're selling and if people connect with your brand proposal enough to want to learn more. With more than 13 years of experience in the fields of marketing, public relations and non-profit organizations, Erin is a motivated text and content writer, digital designer, strategic planner and public speaker. Throughout her career, Erin has led several teams, bringing sales and marketing success to non-profit and for-profit organizations. He brings empathetic and dedicated leadership to the team, drives growth through tactical thinking and an accomplished work ethic.
Below, we list the top 10 easy-to-track digital marketing KPIs that every business should measure. This marketing KPI indicates how much it costs to acquire a new customer and is calculated by adding up all monthly marketing-related expenses and dividing them by the number of new potential customers per month. Since the conversion time from leads to customers can exceed one month, it is advisable to track your CPC with a time interval of 2 months. Visit the product and try Scoro free for 14 days, no credit card required.
Get a 14-day free trial and find out how Scoro can help your business. If you've been working on a marketing team for a few years, you've probably heard people say: “marketing teams, those who spend money and do creative things, however, this term is slowly losing its credibility, for the better. The success of your marketing strategy requires much more than creative thinking and ingenuity. Sustainable decisions that guarantee your company's profits are based on the regular collection and analysis of your data.
So, together with the y42 team, we sat down and wrote down the ten most important KPIs for marketing teams and how to track them. Now that we've laid the groundwork, it's time to get our hands dirty by diving into some of the most important KPIs. We've created a short list of the ten most important online marketing metrics that we recommend that all B2B SaaS companies have on their plate. So these were our best options: regardless of whether you're fairly new to using KPIs in your marketing or if you already have a complete data-driven marketing strategy, the most important conclusion we intend to convey is to always look for ways to improve the quality of your KPIs and how they can help you achieve decisions Smarter.
We also hope that we've been able to give you something to think about how data sets from different platforms can be harnessed in new and innovative ways. Definitely take a look at the different integrations that y42 already offers, tell us if you have any other KPIs that should definitely be on this list, and of course, let us know through the chat or our contact form, where we can help you when it comes to your growth challenges. A digital marketing KPI that is so important, and perhaps even more valuable in a sense, than any other KPI on the list thanks to the free traffic it offers to your business, is SEO keyword rankings. You can break down the number of acquisitions at the tool level to evaluate the performance of a given discipline, or combine the sum of new customers in marketing and sales to obtain an overall KPI.
Customer retention is an excellent KPI for marketers, since they can use the information in their messages for their marketing campaigns. The Net Promoter Score is generally created from survey data, which means that this marketing KPI requires customer feedback to obtain real-time consumer-focused feedback on. Keeping track of the love your content receives on social media seems like a no-brainer, but with all the different KPIs of social media marketing, you might be wondering which are the most important to the success of your business. This is an excellent KPI to measure because it helps your marketing team understand how many potential customers they are attracting.
However, through online marketing services, there is hope that they can help marketers gather the most important KPIs into digestible dashboards that can quickly guide business leaders effectively, thanks to concise summaries of overall business marketing performance. One of the easiest ways to monitor your marketing achievements is to set up a panel of key marketing performance indicators with relevant business metrics. By keeping track of the right marketing KPIs, your company will be able to make the right adjustments to the various strategies and budgets. With so many mislabeled marketing metrics as essential marketing KPIs that need to be tracked to achieve successful marketing engagement, today's marketers often wonder which are the most important ones to pay attention to.
Next, let's learn more about KPIs and review some examples of marketing KPIs that can help you improve your marketing. Every metric (and there is a seemingly infinite amount) in marketing, together with the proactive maintenance necessary for a correct indication of marketing performance, can make you wonder which KPIs should stand out as headlines to make objective business decisions. Time spent on the site is an important digital marketing KPI worth tracking, as it will tell you how engaged users are with the content of your website. Marketing key performance indicators (KPIs) are metrics used to track the success of your marketing efforts.