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Getting the highest possible return on investment for your marketing campaigns is one of the keys to success for an SME. Many small businesses simply don't have the capital to throw money away on marginally profitable campaigns, and one big mistake could mean the end of your business dreams. Luckily, the internet is not just about email and websites - it also offers an unparalleled ability to track your ROI both online and offline. Here's how.
Tracking online orders from online advertisements
Internet advertising gives you the ability to track which visitors came from online advertising and what actions they performed on your website. From this information, you can determine your average profit per visitor and compare it to the ad spend from each type of ad to determine if you are making a profit. Three ways of tracking online visitors who come to your site from online ads are:
Tracking online orders from offline advertisements
The next question is how to monitor profits if you are driving people to your site through television, radio, and other offline ads where there are no links to follow.
Some ideas to track ROI from offline ads include:
Another consideration is if you allow customers to fax or mail orders to you. In this case, you can offer a printable order form with custom codes for each advertising method included on them. When you receive the orders, you can easily track their origin.
Tracking offline orders from online advertisements
If you have a bricks and mortar retail outlet, you'll also want to know which people first heard about your store from your online ads. To do this, assign codes to each advertising campaign and offer printable coupons with the codes on them for discounts or free services.
The internet gives you unparalleled opportunities to fine tune your marketing campaigns to ensure the highest possible profits. Be sure that you have tracking systems in place to evaluate your actual marketing potential.
For more information on this subject or to speak to an expert contact PUSH on 0845 310 9969 or visit their website at www.pushgroup.co.uk