How to Get the Most from Your Digital Marketing
1) Reviewing Contracts, 2) Setting Clear KPIs, and 3) Establishing Reasonable Expectations.
Let’s face it, many business owners dread the nitty-gritty details of contracts and KPIs.
They prefer to focus on what they do best—running their business.
Similarly, a sales director might excel in closing deals but struggle with setting realistic marketing expectations and KPIs.
If you want to see real growth in your business, you must dive into the details or find someone who can.
In this blog, I will discuss the importance of thoroughly reviewing your marketing contracts and setting clear KPIs. The next part will focus on establishing reasonable expectations.
Why Reviewing Contracts Matters
For example, if there’s a lag in communication or reporting, addressing it early on can prevent larger problems down the line.
Setting Clear KPIs
Establishing Key Performance Indicators (KPIs) is crucial for measuring the success of your marketing efforts. Clear KPIs help you track progress and ensure everyone is aligned with the business goals.
For instance, if your goal is to acquire two new clients per month, understanding your conversion rates and industry benchmarks can help set realistic targets.
By having these metrics in place, you can better communicate your expectations to your marketing agency and track their performance effectively.
The Importance of Reasonable Expectations
Setting reasonable expectations is often overlooked but is vital for a successful partnership with your marketing agency. Understanding the sales cycle for your product or service and aligning your marketing efforts accordingly can prevent frustration and unmet expectations.
For example, if your service has a lengthy sales cycle, expecting immediate conversions from a new marketing campaign may be unrealistic.
Questions to Enhance Your Digital Marketing Efforts
- Have you thoroughly reviewed your digital marketing contract for deliverables and gaps?
- Are your KPIs clearly defined and aligned with your business goals?
- Do you communicate regularly and effectively with your marketing agency?
- Are your expectations realistic based on your product’s sales cycle?
- Do you regularly assess and refine your marketing processes?
- Have you established a feedback loop with your marketing agency?
- Do your marketing efforts align with your overall business strategy?