Exactag Blog

BlackFriday_2018-2

06.12.2018 Why this year’s Black Friday was a huge success for marketers

For many consumers, Black Friday is probably the most exciting shopping day of the year. Numerous stores and online shops lure their customers with bargains and special offers and with that celebrate the start of the Christmas season. Although Black Friday has its origins in the USA, it is also popular in many European countries today.
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27.11.2018 5 Helpful Tips for Making Budget Decisions

The number of options to reach consumers through platforms, channels and devices has rocketed in recent years. Nowadays, consumers are online anytime and anywhere. They seamlessly switch between different channels and devices. The chances of reaching potential customers have increased immensely, but the available marketing and advertising budgets haven’t.
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4 steps to tidying up the KPI chaos

KPI
12. 07. 2018

Nowadays, almost anything can be measured in marketing. Every like, follower or page view is captured. But are these measurements really important and will they bring advertisers closer to their objectives?

When you start measuring everything in marketing, you lose track of what's really important. So, how do you know what to measure and what not? There is no general answer to this question. What advertisers define as success depends on the objective. But the way the measurements are determined is always the same. The following four steps help to resolve the disorder.

 

DEFINE GOALS

The definition of goals in marketing is not only generally useful, but also helps to limit the focus on what needs be measured. For example, if the goal is to increase the time users spend on the website, measuring page views alone will not help. It therefore makes more sense to work backwards according to the definition of objectives and to find out which metrics contribute to the achievement of these goals.

At the beginning, it is important to ask yourself which corporate goal should be impacted. This can be an increase in sales or the development of a brand vision, for example. The next step is to identify channels such as email, blog or social media that are already in use. These two points can then be used to build the basic framework for the set goal.

 

MINIMIZE KPIS

Once the basic framework is defined, you are still faced with a multitude of metrics. But just because you can measure something doesn't mean you have to measure it. The focus should ultimately be on metrics that are relevant to everyone involved.

The advantage of a central metric for the project participants is that the relevance of the project is easy to communicate and one can quickly see how the work of each individual influences the progress of the whole project.

At the same time, however, this does not mean that you should only use one KPI at a time. As soon as you move on with the project, further metrics should be used to obtain better measurement results. This also makes it possible to develop guideline values with which you are in a position to further test and optimize.

 

KPIS DO NOT HAVE TO LOOK NICE, THEY HAVE TO BE USEFUL

What good are 5,000 Facebook friends if you only talk to three of them? Not much, and it's the same in marketing. At the end of the day, it's about measuring something that has an impact on the business, not that it looks nice.

There are many KPIs that are easy to measure and look great in graphs or diagrams. However, these will not necessarily help to prove profit results.

 

MARKETING METRICS TELL A STORY

Ultimately, metrics are a tool to prove whether a campaign or action was successful or not. At this point, you have defined your metrics and you should know what to do if they are successful, or how to improve them if they are not.

The data obtained should then be brought into a usable format and viewed from the perspective of the audience. Only when you can be sure that the participants know how to proceed with the project according to the metrics, you have done it right.

Why this year’s Black Friday was a huge success for marketers

06. 12. 2018
For many consumers, Black Friday is probably the most exciting shopping day of the year. Numerous stores and online shops lure their customers with bargains and special offers and with that celebrate[...]

5 Helpful Tips for Making Budget Decisions

27. 11. 2018
The number of options to reach consumers through platforms, channels and devices has rocketed in recent years. Nowadays, consumers are online anytime and anywhere. They seamlessly switch between[...]

8 Best Practice Tips for the successful implementation of dynamic Marketing Attribution

08. 11. 2018
Digitalization has created numerous opportunities to reach consumers with relevant content through a variety of channels and platforms. The customer journey is becoming increasingly complex and[...]