| Bruce Arnold's Web Marketing Tips |
|
|||||||||||||||||||||||||||||||||||
Successful web marketing requires persuasive messaging, professional presentation, and pervasive positioning. Our monthly newsletters will give you no-nonsense tips on how to achieve all three. This issue is dedicated to Allan Stolman and TelephoneFlorida.com (305-408-5051), telecommunications experts offering the best rates available for business or residential telephone and long distance service. Web Marketing Metrics 101
Measuring the return on investment (ROI) for a financial instrument is simple enough: Divide the annual income generated by the principal amount invested, and there you have it. Measuring web ROI--like that of most marketing investments--is much more complicated. Intangible returns--like increased brand recognition or customer satisfaction brought about by your web presence--can be difficult to objectively value. Accurately tracking all the business attributable to your website can also be a challenge. How many times, for example, has a prospect called your office or come by your store without relating that they first "found you" on the Internet? DON'T THROW AWAY YOUR CALCULATOR, THOUGH. There are several objective parameters and quantifiable metrics that can help you monitor and improve your web marketing results. Here are three of them: CLICK-THROUGH RATE. This is the number of times a unique visitor clicks a promotional link (banner ad, sponsor ad, link list, search engine result, etc.), divided by the number of exposures of that link. The higher the click-through rate, the better. We have seen click-through rates ranging from 0.1% to 15%. There is no such thing as a good or bad click-through rate, however, except as compared to other click-through rates where factors are equal or conditions similar. Click-through rates can be improved by (a) more persuasive messaging, or (b) exposure to a more qualified market. AVERAGE PAGE VIEWS. For any given period, this is the number of web pages viewed, divided by the number of visits. This metric has no meaning for a one-page website, but otherwise it can be a useful measure of actual versus anticipated visitor interest and site navigation. The ideal average value will be a function of web site and page organization. For many sites, however, a value less than 3 may suggest room for improvement in messaging (call-to-action), presentation (alluring architecture), or positioning (targeted audience). CLOSING RATE. For any given period, this is the number of visitors who accept and execute your call-to-action (e.g., by becoming an identified prospect or a paying customer), divided by the total number of visitors. Some people like to apply a direct mail rule-of-thumb to this key web marketing metric, and say that anything above 2% is a success. We have engineered websites that achieved closing rates of 7% and more. If you'd like to see what we can do to increase your closing rate and overall web ROI, call Bruce Arnold today at 786-326-8079, 954-337-9290, or 561-828-9284.
|
|||||||||||||||||||||||||||||||||||
|
email: Bruce@PervasivePersuasion.com voice: 786-326-8079 web: http://www.pervasivepersuasion.com |
|||||||||||||||||||||||||||||||||||