Do you know how effective is your your marketing? Which is the half of the marketing costs which you spend uselessly? How much of what you spend on marketing is actually effective?

How many sales a given campaign generates? Are the sales team happy with the quality of leads that marketing supplies?

If you don’t know answers to these questions, you don’t know how much revenue you are leaving on the table.

Therefore, you now probably need the following:

• An understanding of what actually worked and what was a waste of money
• A benchmark for success, showing you where you could have got value for money
• An idea of where to focus your future marketing budget to get results and what you should be looking at when creating your next marketing plan

If you want your marketing strategy to prove effective, at the end of the year we need to check whether you stuck with the plan and how well you did with the individual campaigns.

Here is a clear description of what you should measure:

• Campaign Start – When did the campaign start?
• Expected # Leads – How many potential customers do you expect to contact you after the campaign?
• Actual # Leads – How many leads did you actually get so far?
• Expected # Sales – How many customers do you expect to buy from you after the campaign?
• Actual # Sales – How many sales did you actually get so far?
• Expected Sales Value – How much sales will the campaign generate?
• Actual Sales Value – How much sales did the campaign generate so far?
• Expected Budget – What is your budget for the campaign? How much will you spend?
• Actual Budget – How much did you spend so far on the campaign?
• Return on Investment – How much sales did $1 of actual budget generate?

If you manage to measure these indicators regularly, you’ll be able to soon evaluate your marketing strategy, even by comparing the results on a monthly basis.

Can you imagine what it would be like if you could exponentially increase the return you get for every marketing Euro spent? If you have ever gone fishing for mackerel you will probably be aware that on each line there are many hooks, this means every time you cast your line into the sea the number of fish you can catch is multiplied by the number of hooks on your line.

There is a way that you can apply this technique to your marketing so that each campaign is aimed not just at one prospect but many prospects for the same price.

Click here to learn more about Multiplied Marketing Results in Ireland.

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