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How Can I Measure Content Marketing?

               Most companies measure pieces
               of their content, but aren’t
               measuring the full impact.
               Many companies are also
               setting the wrong goals and
               monitoring the wrong metrics
               based on their objectives.
How can I establish a measurement
    system that works?
      1.      Create Goals Your Upper
              Management will Appreciate
      2.      Map Out Your Sales &
              Marketing Funnel and Write
              Content for Each Stage
      3.      Implement and Integrate
              Tracking Systems
      4.      Identify Valuable Actions for
              all Visitor Segments and Goals



DEMISTIFYING CONTENT MARKETING METRICS         3
Create goals your
    upper management
    will appreciate
•   Your goals need to be specific and
    actionable – not objectives.
•   Vague goals (objectives) lead to frustration
    and dissatisfaction with performance:
     *Example: “I want to Humanize my brand”
     = Good Objective, Bad Goal




                             “Good news! We humanized our brand from 15 to 18!” #FAIL
OBJECTIVES vs. METRICS vs. GOALS
An objective is a broad statement or ambition that
you aim to accomplish.
•Example: “We want to better position ourselves as thought-leaders amongst
our current clients.”




DEMISTIFYING CONTENT MARKETING METRICS                                       5
OBJECTIVES vs. METRICS vs. GOALS

A metric is a specific, quantifiable action or outcome.
•Example: Downloads, page views, and views are consumption metrics.




DEMISTIFYING CONTENT MARKETING METRICS                                6
4 Buckets of Metrics
  1. CONSUMPTION METRICS
          Downloads, views, page views, etc.
  2. SHARING METRICS
          Likes, Tweets, LinkedIn Shares, etc.
  3. LEAD GENERATION METRICS
          Emails, names, etc. collected, lead score, etc.
  4. SALES METRICS
          Initial and projected lifetime revenue, sales cycle
          length and stage advancement


Adapted from Jay Baer’s guidelines for content marketing metrics.


DEMISTIFYING CONTENT MARKETING METRICS                              7
OBJECTIVES vs. METRICS vs. GOALS
A goal is produced by combining an objective with
metrics. They are specific and actionable and can be
easily measured for success/failure.
•Example “Our goal is to increase the number of CMOs subscribed to our
monthly newsletter by 100 in the next 60 days.”




DEMISTIFYING CONTENT MARKETING METRICS                                   8
Objectives are quantified by metrics
and used to create goals.


                             +                     =
 OBJECTIVE                               METRICS       GOAL



DEMISTIFYING CONTENT MARKETING METRICS                        9
This is the
  Big Picture


DEMISTIFYING CONTENT MARKETING METRICS   10
4 Groups of Goals
                                         Branding/Awareness Goals
                                         Marketing Conversion Goals
                                         Sales Velocity and Conversion Goals
                                         Retention Goals




DEMISTIFYING CONTENT MARKETING METRICS                                  11
Branding/Awareness Goals

                                         Easiest, Fluffiest, and most basic
                                         form of content measurement
                                         •Increase the number of non-
                                         branded organic search visits
                                         from X to Y
                                         •Increase twitter followers by X%
                                         in the next 100 days




DEMISTIFYING CONTENT MARKETING METRICS                                        12
Marketing Conversion Goals

                                         Measuring the amount of new
                                         leads into your lead/prospect
                                         database and movement to the
                                         point of sales ready
                                         •Drive X number of new leads
                                         from our upcoming webinar
                                         •Increase Inbound leads by X%
                                         next quarter




DEMISTIFYING CONTENT MARKETING METRICS                                   13
Sales Velocity & Conversion Goals
                                         Measuring how content can
                                         impact the overall sales win
                                         rate and/or velocity of sales
                                         opps
                                         •Reduce the number of manual
                                         touchpoints by a sales rep from
                                         X to Y
                                         •Decrease the number of days
                                         for an opportunity to go from
                                         created to closed won from X to
                                         Y




DEMISTIFYING CONTENT MARKETING METRICS                                     14
Retention Goals
                                         Measuring the effect of
                                         content post sale can help
                                         understand its impact on
                                         renewals/repeat customers
                                         •Increase our renewal
                                         percentage by X%
                                         •Grow the number of
                                         customers who have repeat
                                         purchases by X%




DEMISTIFYING CONTENT MARKETING METRICS                                15
Adding Start & End Dates
Always important (if possible) to add start and end dates to your goals
Helps to remove vagueness and clearly define a success or failure




DEMISTIFYING CONTENT MARKETING METRICS                                    16
Example: Jorgenson Corp.
Branding/Awareness – Increase the number of social shares we have this
quarter by 15% compared to last quarter.

Mktg Conversion– Increase the number of inbound leads by 10% next
quarter from leads generated through webinars and a new ebook

Sales Velocity/Conversion – Reduce sales time for closed new business
next quarter by one week due to sales nurturing programs.

Retention - Generate 5 Upsells to our customer base in the next quarter
from our client newsletter.




DEMISTIFYING CONTENT MARKETING METRICS                                    17
Map Out Your Sales
                                         & Marketing Funnel and
                                         Write Content for Each Stage
                                         Chance of success reduces significantly if you
                                         don’t have content for each stage of the buying
                                         process.
                                         Similar to a content mapping exercise with personas.




DEMISTIFYING CONTENT MARKETING METRICS                                                          18
Fundamental Funnel Blocks
                                                          ed
                                                     e st
                                         Aw Int er




                                                    e
                                           are




                                                  ar
                                                aw
                                             Un


                                          Customer

DEMISTIFYING CONTENT MARKETING METRICS                         19
Fundamental Funnel Blocks


                                         Unaware
                                         Prospects you have not
                                         had a chance to identify




DEMISTIFYING CONTENT MARKETING METRICS                              20
Fundamental Funnel Blocks


                                         Aware
                                         People that are known to your
                                         company but are not yet customer
                                         or even legitimate sales prospect




DEMISTIFYING CONTENT MARKETING METRICS                                       21
Fundamental Funnel Blocks


                                         Interested
                                         Qualified sales prospect (talking to a sales
                                         representative or digital shopping cart)




DEMISTIFYING CONTENT MARKETING METRICS                                                  22
Fundamental Funnel Blocks


                                         Customer
                                         People that have fallen through
                                         the end of the funnel




DEMISTIFYING CONTENT MARKETING METRICS                                     23
Example: Jorgenson Corp.
Before Marketing: Blog outfitted with calls-to-action that get them to give
us information (newsletter sign up, resources, etc.)

Marketing Subscribed Lead: emails that explain resources available to
them, including calls-to-action to learn more

Customer: though provoking content via newsletter including calls-to
action about upsell opportunity




DEMISTIFYING CONTENT MARKETING METRICS                                        24
Implement and Integrate Tracking Systems
                                         Doing the first two steps is
                                         critical to complete before
                                         moving on to this step
                                         Otherwise you’ll have systems that
                                         don’t make sense for you needs




DEMISTIFYING CONTENT MARKETING METRICS                                        25
Implement and Integrate Tracking Systems
                                         Take account to the marketing
                                         systems you are already using, then
                                         determine whether or not you will
                                         need additional systems to achieve
                                         your goals (if you have budget)




DEMISTIFYING CONTENT MARKETING METRICS                                         26
3 Types of Tools
    Web Analytics Tool




DEMISTIFYING CONTENT MARKETING METRICS   27
3 Types of Tools
       Email / Marketing
       Automation Tools




DEMISTIFYING CONTENT MARKETING METRICS   28
3 Types of Tools
  Customer Relationship
Management (CRM) Tools




  DEMISTIFYING CONTENT MARKETING METRICS   29
Example: Jorgenson Corp.
Will need a tool to measure social shares

Will also need some kind of database solution (crm or automation system)
that can track leads (and sources) as well as sales opportunities.




DEMISTIFYING CONTENT MARKETING METRICS                                     30
Identify Valuable
                                         Actions for all Visitor
                                         Segments and Goals
                                         This should be easy to do because
                                         your goals will naturally lead you
                                         to the actions you want to
                                         measure




DEMISTIFYING CONTENT MARKETING METRICS                                        31
Example: Jorgenson Corp.
          Valuable actions include
          •Social Shares
          •New leads created via inbound sources
          •Age of won new business opportunities
          •Upsells with their source




DEMISTIFYING CONTENT MARKETING METRICS             32
Execute!




DEMISTIFYING CONTENT MARKETING METRICS   33
Having these goals and systems in place to measure their
    success will allow you to make quick and, more importantly,
    intelligent improvements to your content marketing strategy.




DEMISTIFYING CONTENT MARKETING METRICS                             34
To learn more about Compendium, visit
           www.compendium.com




DEMISTIFYING CONTENT MARKETING METRICS     35

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Demystifying Content Marketing Metrics

  • 1.
  • 2. How Can I Measure Content Marketing? Most companies measure pieces of their content, but aren’t measuring the full impact. Many companies are also setting the wrong goals and monitoring the wrong metrics based on their objectives.
  • 3. How can I establish a measurement system that works? 1. Create Goals Your Upper Management will Appreciate 2. Map Out Your Sales & Marketing Funnel and Write Content for Each Stage 3. Implement and Integrate Tracking Systems 4. Identify Valuable Actions for all Visitor Segments and Goals DEMISTIFYING CONTENT MARKETING METRICS 3
  • 4. Create goals your upper management will appreciate • Your goals need to be specific and actionable – not objectives. • Vague goals (objectives) lead to frustration and dissatisfaction with performance: *Example: “I want to Humanize my brand” = Good Objective, Bad Goal “Good news! We humanized our brand from 15 to 18!” #FAIL
  • 5. OBJECTIVES vs. METRICS vs. GOALS An objective is a broad statement or ambition that you aim to accomplish. •Example: “We want to better position ourselves as thought-leaders amongst our current clients.” DEMISTIFYING CONTENT MARKETING METRICS 5
  • 6. OBJECTIVES vs. METRICS vs. GOALS A metric is a specific, quantifiable action or outcome. •Example: Downloads, page views, and views are consumption metrics. DEMISTIFYING CONTENT MARKETING METRICS 6
  • 7. 4 Buckets of Metrics 1. CONSUMPTION METRICS Downloads, views, page views, etc. 2. SHARING METRICS Likes, Tweets, LinkedIn Shares, etc. 3. LEAD GENERATION METRICS Emails, names, etc. collected, lead score, etc. 4. SALES METRICS Initial and projected lifetime revenue, sales cycle length and stage advancement Adapted from Jay Baer’s guidelines for content marketing metrics. DEMISTIFYING CONTENT MARKETING METRICS 7
  • 8. OBJECTIVES vs. METRICS vs. GOALS A goal is produced by combining an objective with metrics. They are specific and actionable and can be easily measured for success/failure. •Example “Our goal is to increase the number of CMOs subscribed to our monthly newsletter by 100 in the next 60 days.” DEMISTIFYING CONTENT MARKETING METRICS 8
  • 9. Objectives are quantified by metrics and used to create goals. + = OBJECTIVE METRICS GOAL DEMISTIFYING CONTENT MARKETING METRICS 9
  • 10. This is the Big Picture DEMISTIFYING CONTENT MARKETING METRICS 10
  • 11. 4 Groups of Goals Branding/Awareness Goals Marketing Conversion Goals Sales Velocity and Conversion Goals Retention Goals DEMISTIFYING CONTENT MARKETING METRICS 11
  • 12. Branding/Awareness Goals Easiest, Fluffiest, and most basic form of content measurement •Increase the number of non- branded organic search visits from X to Y •Increase twitter followers by X% in the next 100 days DEMISTIFYING CONTENT MARKETING METRICS 12
  • 13. Marketing Conversion Goals Measuring the amount of new leads into your lead/prospect database and movement to the point of sales ready •Drive X number of new leads from our upcoming webinar •Increase Inbound leads by X% next quarter DEMISTIFYING CONTENT MARKETING METRICS 13
  • 14. Sales Velocity & Conversion Goals Measuring how content can impact the overall sales win rate and/or velocity of sales opps •Reduce the number of manual touchpoints by a sales rep from X to Y •Decrease the number of days for an opportunity to go from created to closed won from X to Y DEMISTIFYING CONTENT MARKETING METRICS 14
  • 15. Retention Goals Measuring the effect of content post sale can help understand its impact on renewals/repeat customers •Increase our renewal percentage by X% •Grow the number of customers who have repeat purchases by X% DEMISTIFYING CONTENT MARKETING METRICS 15
  • 16. Adding Start & End Dates Always important (if possible) to add start and end dates to your goals Helps to remove vagueness and clearly define a success or failure DEMISTIFYING CONTENT MARKETING METRICS 16
  • 17. Example: Jorgenson Corp. Branding/Awareness – Increase the number of social shares we have this quarter by 15% compared to last quarter. Mktg Conversion– Increase the number of inbound leads by 10% next quarter from leads generated through webinars and a new ebook Sales Velocity/Conversion – Reduce sales time for closed new business next quarter by one week due to sales nurturing programs. Retention - Generate 5 Upsells to our customer base in the next quarter from our client newsletter. DEMISTIFYING CONTENT MARKETING METRICS 17
  • 18. Map Out Your Sales & Marketing Funnel and Write Content for Each Stage Chance of success reduces significantly if you don’t have content for each stage of the buying process. Similar to a content mapping exercise with personas. DEMISTIFYING CONTENT MARKETING METRICS 18
  • 19. Fundamental Funnel Blocks ed e st Aw Int er e are ar aw Un Customer DEMISTIFYING CONTENT MARKETING METRICS 19
  • 20. Fundamental Funnel Blocks Unaware Prospects you have not had a chance to identify DEMISTIFYING CONTENT MARKETING METRICS 20
  • 21. Fundamental Funnel Blocks Aware People that are known to your company but are not yet customer or even legitimate sales prospect DEMISTIFYING CONTENT MARKETING METRICS 21
  • 22. Fundamental Funnel Blocks Interested Qualified sales prospect (talking to a sales representative or digital shopping cart) DEMISTIFYING CONTENT MARKETING METRICS 22
  • 23. Fundamental Funnel Blocks Customer People that have fallen through the end of the funnel DEMISTIFYING CONTENT MARKETING METRICS 23
  • 24. Example: Jorgenson Corp. Before Marketing: Blog outfitted with calls-to-action that get them to give us information (newsletter sign up, resources, etc.) Marketing Subscribed Lead: emails that explain resources available to them, including calls-to-action to learn more Customer: though provoking content via newsletter including calls-to action about upsell opportunity DEMISTIFYING CONTENT MARKETING METRICS 24
  • 25. Implement and Integrate Tracking Systems Doing the first two steps is critical to complete before moving on to this step Otherwise you’ll have systems that don’t make sense for you needs DEMISTIFYING CONTENT MARKETING METRICS 25
  • 26. Implement and Integrate Tracking Systems Take account to the marketing systems you are already using, then determine whether or not you will need additional systems to achieve your goals (if you have budget) DEMISTIFYING CONTENT MARKETING METRICS 26
  • 27. 3 Types of Tools Web Analytics Tool DEMISTIFYING CONTENT MARKETING METRICS 27
  • 28. 3 Types of Tools Email / Marketing Automation Tools DEMISTIFYING CONTENT MARKETING METRICS 28
  • 29. 3 Types of Tools Customer Relationship Management (CRM) Tools DEMISTIFYING CONTENT MARKETING METRICS 29
  • 30. Example: Jorgenson Corp. Will need a tool to measure social shares Will also need some kind of database solution (crm or automation system) that can track leads (and sources) as well as sales opportunities. DEMISTIFYING CONTENT MARKETING METRICS 30
  • 31. Identify Valuable Actions for all Visitor Segments and Goals This should be easy to do because your goals will naturally lead you to the actions you want to measure DEMISTIFYING CONTENT MARKETING METRICS 31
  • 32. Example: Jorgenson Corp. Valuable actions include •Social Shares •New leads created via inbound sources •Age of won new business opportunities •Upsells with their source DEMISTIFYING CONTENT MARKETING METRICS 32
  • 34. Having these goals and systems in place to measure their success will allow you to make quick and, more importantly, intelligent improvements to your content marketing strategy. DEMISTIFYING CONTENT MARKETING METRICS 34
  • 35. To learn more about Compendium, visit www.compendium.com DEMISTIFYING CONTENT MARKETING METRICS 35