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Wellborn Digital Marketing Boot Camp || Tracking ROI to Maximize Your Marketing Budget

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Wellborn Digital Marketing Boot Camp || Tracking ROI to Maximize Your Marketing Budget

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Leave this webinar with a better understanding of: How to analyze your current marketing activities to assess past performance, Understanding attribution and connecting marketing activities to ROI, What to include in your marketing budget for 2017.

Leave this webinar with a better understanding of: How to analyze your current marketing activities to assess past performance, Understanding attribution and connecting marketing activities to ROI, What to include in your marketing budget for 2017.

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Wellborn Digital Marketing Boot Camp || Tracking ROI to Maximize Your Marketing Budget

  1. 1. December 16th 2016 Tracking ROI to Maximize Your Marketing Budget Wellborn Digital Marketing Boot Camp marketing@surefiresocial.com
  2. 2. Milestones201 4Our site visits are up over 40%, we receive almost twice as many calls from it and we have gone from the 6th page to the first in a very short time. To say they have done a good job does not do it justice. They have done a fantastic job! Ray Hoffman Marketing Director, RbA Milwaukee “ “ I really like SurePulse. It’s an intuitive tool and I like that everything is in one place. It's useful, easy to use and I have a much better understanding of how we are performing. Amy Lindholm Brand Manager, LP Siding “ “ AWARDS marketing@surefiresocial.com
  3. 3. Today’s Speaker Ken Greene VP of Sales marketing@surefiresocial.com
  4. 4. Surefire Social & Wellborn Cabinet Inc. are Strategic Marketing Partners https://www.youtube.com/watch?v=VmWYyZnMcOs marketing@surefiresocial.com
  5. 5. Your Path to Become a Digital Marketing Guru Tracking ROI to Maximize Your Marketing Budget December 16th, 2016 at 2:00 PM EST How to Shoot Professional Videos with Your Smartphone January 5th, 2017 at 2:00 PM EST Make Google Work for You: A Local Business Guide to AdWords February 2nd, 2017 at 2:00 PM EST Never Miss a Lead! 10 Ways to Convert More Website Visitors March 2nd, 2017 at 2:00 PM EST Socialize Your Business - Engaging with Homeowners at Every Turn April 6th, 2017 at 2:00 PM EST Managing Your Online Reputation & Responding to Reviews May 4th, 2017 at 2:00 PM EST marketing@surefiresocial.com
  6. 6. Tracking ROI to Maximize Your Marketing Budget Agenda ➔Analyze previous performance ➔Understand attribution ➔Introduce new strategies ➔Build a budget marketing@surefiresocial.com
  7. 7. Marketing Channels Influence the Customer Journey Explore how marketing channels for Medium businesses in the Home & Garden industry in The U.S. influence the purchase decision Channels to the left tend to play an early and assisting role in the typical sale, while channels to the right are more likely to be the last interaction before a purchase marketing@surefiresocial.com
  8. 8. #1 Digital Marketing Solution Our Mission Create more visibility for Wellborn Dealers, Contractors & Remodelers Your Result More quality leads marketing@surefiresocial.com
  9. 9. We’re almost to 2017! marketing@surefiresocial.com
  10. 10. Measuring Marketing Has Challenges ➔All leads are not equal ➔Attribution - where are the leads coming from? ➔Too many marketing vendors ➔Season & Economy is a factor ➔Marketing ROI measurement is confusing marketing@surefiresocial.com
  11. 11. Let’s get prepared! marketing@surefiresocial.com
  12. 12. Budgeting Tips for Remodeling Businesses marketing@surefiresocial.com
  13. 13. Track now so you can evaluate later Determine what’s working, and therefore what deserves a piece of your budget, by tracking it as it happens. marketing@surefiresocial.com
  14. 14. Always keep track of your numbers marketing@surefiresocial.com
  15. 15. You have many choices ➔ Email ➔ Website ➔ SEO ➔ Social Media ➔ PPC / AdWords ➔ TV ➔ Radio ➔ Billboard ➔ Print ➔ Etc. Etc. etc. Where do you start? marketing@surefiresocial.com
  16. 16. Start now! marketing@surefiresocial.com
  17. 17. Step 1: Start where you are today List all media you’re using and how much you’re spending on it. Media Spend Direct Mail $15,000 Social Media $5,000 Print $1,500 SEO $5,000 AdWords $12,000 Billboards $10,000 marketing@surefiresocial.com
  18. 18. Step 2 •Create a spreadsheet for tracking by medium & cost per lead Add the sales you have for each medium, along with Ad Cost and Lead Cost marketing@surefiresocial.com
  19. 19. Sales to Leads Media Spend # of Leads Cost/Lead Sales ROI Direct Mail $15,000 100 $150 $200,000 13x (7.5%) Social Media $5,000 20 $250 $40,000 8x (12%) Print $1,500 5 $300 $10.000 7x (15%) SEO $5,000 33 $150 $70,000 14x (7%) AdWords $12,000 69 $175 $140,000 12x (9%) Billboards $10,000 25 $400 $50,000 5x (20%) marketing@surefiresocial.com
  20. 20. Wait! How do you know these sources? 1. Did you guess? 2. Did you estimate? 3. Did you ask your customers how they came to you? 4. Did you track your leads aggressively? If #4, you’re doing great… marketing@surefiresocial.com
  21. 21. What does it mean to track sources aggressively? ➔Calls: Use call tracking numbers ➔Website: Track form fills ➔Web Leads: Track your links with UTM Codes (custom code at the end of a URL that shows you the source of where they came from) ◆ Directories ◆ Email ◆ Social Media marketing@surefiresocial.com
  22. 22. Website Leads Is it easy for your team to understand where a lead came from? (if not, change it). marketing@surefiresocial.com
  23. 23. Phone Calls Use a different phone number for every medium. A call from a tracking number that is nowhere else can’t be from anywhere else…100% tracking certainty. marketing@surefiresocial.com
  24. 24. Asking Customers How They Found You ➔Least reliable ➔Customers don’t care how they got to you ➔They only want to be taken care of ➔You can ask, but don’t base your marketing strategy on it ◆When they tell you something at odds with your tracking, go with your tracking as the source marketing@surefiresocial.com
  25. 25. Train Your Team ➔ Educate your team who comes into contact with potential customers via the phone to know your media schedule ◆ Receptionist ◆ Sales Rep ◆ Answering Service ➔Document incoming lead sources! marketing@surefiresocial.com
  26. 26. Quick Breather! marketing@surefiresocial.com
  27. 27. TAKE A DEEP BREATH marketing@surefiresocial.com
  28. 28. Now that you know your lead sources...rank them! marketing@surefiresocial.com
  29. 29. Rank lead source statistics by number of leads. Now you know which pieces of your budget are most important. Media Spend $ Sales Ad Cost # Leads Lead Cost Direct Mail $15,000 $200,00 7.5% 100 $150 AdWords$ $5,000 $140,000 9% 69 $175 SEO $5,000 $70,000 7% 33 $150 Billboards $10,000 $50,000 20% 25 $400 Social Media $5,000 $40,000 12% 20 $250 Print $1,500 $10,000 15% 5 $300 marketing@surefiresocial.com
  30. 30. Now, rank your lead sources by Ad Cost- lower at the top. Media Spend $ Sales Ad Cost # Leads Lead Cost SEO $5,000 $70,000 7% 33 $150 Direct Mail $15,000 $200,000 7.5% 100 $150 AdWords $12,000 $140,000 9% 69 $175 Social Media $5,000 $40,000 12% 20 $250 Print $1,500 $10,000 15% 5 $300 Billboards $10,000 $50,000 20% 25 $400 Now you know what the most inexpensive media is, and therefore the ones that should be covered first. marketing@surefiresocial.com
  31. 31. Next, understand these things about next year’s media potentials • Could I have maximized my best lead sources? • Do I have more to spend this year? • Are there things on my list that could be cut? (there’s no risk when you cut non-performing media) marketing@surefiresocial.com
  32. 32. Build next year’s budget from the bottom up marketing@surefiresocial.com
  33. 33. First - Collect your building blocks ➔Buy as many of the things that work as you can. ➔More frequency? ➔More geography? ➔More relevancy? ➔Stop when it doesn’t make sense any more ➔Try new channels marketing@surefiresocial.com
  34. 34. Rinse, Repeat • Do this exercise annually and monthly- your business offerings are seasonal, and demand is different in December than it is in June…spend accordingly. • Spend on what works. • If you build it this way, you’ll have the best ROI marketing@surefiresocial.com
  35. 35. Our Solution: A Marketing Control Center marketing@surefiresocial.com
  36. 36. The First Local Marketing Automation System Never Worry About Wasting Money on Digital Marketing Again ➔ View all your digital marketing in a single platform ➔ Marketing made easy with automated ➔ Implement local marketing best practices ➔ Full transparency into results marketing@surefiresocial.com
  37. 37. The #1 thing everyone cares about is ROI ➔ Integrate Google Analytics to measure web traffic & performance ➔ Track phone calls in one dashboard ➔ Track form fills in one dashboard ➔ See what words/phrases people are using to find you online ➔ View social media metrics marketing@surefiresocial.com
  38. 38. Monitor the channels driving the highest amount of traffic to your website ➔ View Total, Organic & Referral Traffic ➔ View Queries, Impressions & Clicks ➔ View Top Search Queries ➔ Compare stats on date-range marketing@surefiresocial.com
  39. 39. Get a Complimentary Digital Marketing Consultation Call (703) 788-6730 Email marketing@surefiresocial.com ...and a Google Chromecast! Don’t forget! marketing@surefiresocial.com
  40. 40. Wellborn Digital Marketing Boot Camp Tracking ROI to Maximize Your Marketing Budget December 16th, 2016 at 2:00 PM EST How to Shoot Professional Videos with Your Smartphone January 5th, 2017 at 2:00 PM EST Make Google Work for You: A Local Business Guide to AdWords February 2nd, 2017 at 2:00 PM EST Never Miss a Lead! 10 Ways to Convert More Website Visitors March 2nd, 2017 at 2:00 PM EST Socialize Your Business - Engaging with Homeowners at Every Turn April 6th, 2017 at 2:00 PM EST Managing Your Online Reputation & Responding to Reviews May 4th, 2017 at 2:00 PM EST marketing@surefiresocial.com

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