Online Marketing Plan Analysis– Your Roadmap to Online Triumph
August 28th, 2008 | 756 Views RSS Feed
Most online marketers, especially the newbies in this field, fail to pay heed to the crucial aspect of a well-defined sales growth and assessment plan as they are more occupied with only conducting maximum sales per say. As the dictum that any and every website abides by is 'conversion', there are no two ways about formulating an optimal Online Marketing Plan that would help the online marketer realize this goal.
Allocating adequate budget to augment Search Engine promotion, followed up with effective audience-targeting are the two basic pillars upon which any online marketing plan should be founded. These basic predicaments, once achieved, in no way signal the online marketer's job done. Unless this plan is continually monitored and assessed to locate its strengths and pitfalls, consider your job only half done.
Now, how does one go about measuring the shortfalls of his / her online marketing campaign and rectify them to attain unadulterated online bliss? There are various effective parameters that can be utilized to measure the efficacy of an online marketing plan. Few parameters include:
- Measure the Monthly Traffic Click-through Rates: This is a widely used parameter to measure the success of an online marketing campaign as it keeps track of number of visitors while separating the unique visitors from the bunch, number of page views, entrance and exit pages and the number of sales too.
- Click Density Analysis: This parameter is aimed at classifying the different users across the website.
- Primary Purpose Analysis: This analytical tool helps in determining the purpose / reason that drives visitors to the particular website.
- Goal Conversions: This metric can be used to identify search engines that streamline maximum traffic towards the website. It also helps one understand those specific online marketing strategies that are turning out to be most beneficial for the entire campaign.
- Measuring and analyzing the successful task completion ratio.
An online marketer must, however, remember that the set of parameters he / she decides to base their assessment upon need to be customized in accordance with the nature and the requirements of their business, website and marketing plan objectives. Key Performance Indicators (KPI) is a very effective strategy that can be employed in order to identify the suitable set of parameters. A KPI must be inclusive of the following:
- It should be assessable
- It should be reflective of the aims of the website
- It should play an instrumental role in the triumph of the website
KPIs must run parallel with the overall ends of the website and should facilitate the assessment of metrics indicating the strengths of the online marketing plan. If the KPI is really effective, it will borne out whether the online marketing campaign achieved any Lead Generation (B2B websites) objectives.
Now that we have received a fair understanding of the various parameters that can be implemented in order to measure online success, lets us focus a little upon the benefits that we will attain from tracking the effectiveness of our online marketing campaign through comprehensive assessment and analysis. An analysis helps to:
- Keep track of conversion value and conversion rate of the online marketing plan.
- Realize and separate the performing from the non-performing online marketing efforts.
- Keep up pace with the fast-changing search engine marketing processes and tweak the marketing plan accordingly.
Online marketing is a dynamic activity and an ongoing process that needs to be carefully strategized and duly implemented. Assessing the end result only, will hamper one's understanding of the strengths and weaknesses of the online marketing campaign and will subsequently lead to stagnation and wasteful expenditure of marketing efforts and finances. This is the reason why the importance of consistently monitoring and measuring the online marketing efforts can never be underemphasized. How else would you track the ROI and make more money? Bottom line, searching engine marketing is all about making money, right?
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November 10th, 2008 at 10:23 am
Great article. I agree KPIs should be used, and are probably the least used tools amongst young SEO people.