Make More Money with Marketing Metrics

Written by Jeremy Cohen


Do you know how effective each of your individual marketing tactics is? Many small business owners market in a vacuum. They spend money on brochures, advertisements and web sites with no real way to tie specific results to specific endeavors.

If you are unable to associate leads and sales withrepparttar specific marketing efforts that generate them you have no way of knowing what is working as an effective marketing mechanism and what is not.

The money you invest in marketing your company is precious. In order for you to maximize your marketing dollars you need to knowrepparttar 103119 results individual marketing efforts generate. When you knowrepparttar 103120 results of your marketing tactics you can make intelligent decisions about how to better allocate your marketing budget.

For instance, if you concurrently run a direct mail campaign, a search engine advertising campaign and weekly ads in industry periodicals without some method to discern results you will not know which effort generatesrepparttar 103121 lions share of any new business.

If you don’t know that your direct mail campaign yielded 90% of your revenue with a 2% response rate, you are powerless to makerepparttar 103122 wise decision to reinvest inrepparttar 103123 direct mail campaign and make changes to or drop entirelyrepparttar 103124 other campaigns. What’s more, if you can figure out how to doublerepparttar 103125 response rate of your mail campaign, you can nearly doublerepparttar 103126 revenue your marketing campaign without spending money on search engine marketing and periodical advertisements.

Measuring your marketing results will help you save money by allowing you to eliminate unproductive marketing tactics and atrepparttar 103127 same time, will help you make more money by allowing you to reinvest in productive marketing tactics.

Do you have a method for measuringrepparttar 103128 effect of your marketing?

Here are four tips for gatheringrepparttar 103129 information you need to make wise marketing investment decisions.

Use a Database Start by designing a database to keep track of individual marketing efforts andrepparttar 103130 leads and sales they generate. Make sure you include fields to trackrepparttar 103131 dates of your campaigns, campaign descriptions,repparttar 103132 number of leads generated and sales made. Once you have a central storage location for this information you will be able to make queries to gleanrepparttar 103133 information you need to make wise marketing decisions.

Problems or Opportunities?

Written by Clyde Dennis


As best I can tell here’s how it breaks down.

Some people see problems as opportunities. Understanding that getting through each opportunity puts them closer torepparttar next one. Kind of going through life with a stair step mentality. Excited to get torepparttar 103118 next round of new opportunities because they are seen as ‘steps’ along a pathway. They feel likerepparttar 103119 biggerrepparttar 103120 opportunity (problem)repparttar 103121 better because that means a bigger step taken. With this outlook they welcome big challenges. They push ahead boldly, as though it were a sporting event in whichrepparttar 103122 opportunities wererepparttar 103123 opponent. The opportunity beingrepparttar 103124 thing that must be overcome or conquered in order to move up to higher levels of competition. Thereby bringing higher levels of enjoyment. Enjoyingrepparttar 103125 whole processrepparttar 103126 way one might enjoy a weekend hobby orrepparttar 103127 companionship of a loved one. These arerepparttar 103128 kinds of people who charge out of bed inrepparttar 103129 mornings because they seerepparttar 103130 upcoming day as another opportunity to be great.

Conversely there are those who don’t ever want there to be any problems (opportunities). Believing that problems are to be avoided at all costs. Inrepparttar 103131 minds of these people problems are all bad. They seerepparttar 103132 very occurrence of opportunity as a problem. They get caught up believing that it’srepparttar 103133 end of something rather than focusing onrepparttar 103134 new beginning that lies before them oncerepparttar 103135 challenge is met. These arerepparttar 103136 people who never confront either themselves or others. They just accept. "Whatever works for you." "If that’s what you want."

These people don’t realize it but they are victims. Accepting what comes instead of actively going to where they want to be. Sometimes they see themselves as peacekeepers. Which is not a bad thing to be but peacemaking would be an even higher aspiration.

Peacemakers lean into conflict. Knowingrepparttar 103137 only true way to keep peace is by resolving issues through confronting them rather than not. Martin Luther King Jr. was a peacemaker. A peacemaker would rather go through instead of dancing around things. Jesus Christ was a peacemaker. They understand going through is conquering while dancing around is avoiding. Mohandas Gandhi was a peacemaker. Avoiding is putting things off until they are so big and painful that they become, well, unavoidable. I challenge you, as I have challenged myself to stop avoiding things and deal with them. If things in your life aren’trepparttar 103138 way you need them to be in order to feel what you need to feel check yourself. Are you resolving or avoiding?

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