OpenClose

Popular

f_reading_pattern_eyetracking1

15 Must-Know Facts on How People View Websites

26-social-media-marketing-trends-for-2013

26 Social Media Marketing Trends for 2013

newsetter autoresponder model

How to Use Social Media Channels to Build Your Newsletter

top 10

Top 10 Social Media Marketing Mistakes That You Shouldn’t Make

4

4 Ways to Measure ROI on Content Marketing

content 300x225 4 Ways to Measure ROI on Content MarketingIf you are like me and have already bought into content marketing, you have probably felt my frustration when looking for tangible ways in which to measure return on investment on the content you produce. Therefore, I am offering my 4 takeaway tips which will hopefully allow you to start measuring the value of the time you are spending on creating and sharing your great content, and help you make a more streamlined and innovative campaign.

Be SMART

ID 10067625 4 Ways to Measure ROI on Content MarketingIt is so important that you are smart with your targets. Before creating a strategy, what is it that you are looking to see a return from? This could be anything from conversions to gaining more followers on Twitter. Are these goals specific, measurable, attainable, realistic and attached to a time scale SMART ? My advice would be to make monthly targets to begin with, looking at gaining traction with your content.

This is always the place to start, as if we don’t know what we are measuring, how do we know if we are seeing returns?

Monetise Everything

By attaching a value to every aspect of your content campaign in my book is one of the easiest ways to measure returns. Start with putting a high figure on the goals you would like to achieve. Are you looking to attract more visitors to the website? Place an arbitrary value on it, such as $3 and at the end of the month divide your time or wages up by the amount of value you have created.

This may seem a little strange, because who knows how much value a Re-tweet adds. However, this instantly adds a returnable value to your time, and over the course of your content strategy, you can start to analyse how many leads have come from twitter over the last month. See it almost like a social and content pay per click, allowing you to add real numbers into your charts and showing real return on investment.

Analyse

5099605109 bd04b3c786 300x199 4 Ways to Measure ROI on Content MarketingOne of the easiest ways to measure your returns in my mind is the leads and conversions generated through your website. Make a benchmark before and after the content strategy is implemented, to allow you to see the metrics surrounding increases in traffic and link this up to conversions.

One of the easiest ways to do this is by setting up goals within Google Analytics. This could be anything from visit duration to form entry.

For a lot of industries, especially B2B services, call tracking services offered by companies like ResponseTap offer Google Adwords call metrics. This allows you to monitor your website visitors and see what keywords and pages on your site make leads pick up the phone to call you. This should be integral to your strategy, as Google analytics won’t show you which page of your site people are calling from.

Hopefully your content strategy will include call to actions and landing pages. This is integral to creating leads and conversions and a great idea would be implementing A/B testing to continue to optimise conversion, tailor it to your audience and see what kind of content works and what doesn’t.

Monitor your KPI’s

Key performance indicators could either be set up by you, your team or your boss, but your success as a content marketer will be judged on this. It is important to emphasise that results take time and manage others expectations to begin with, however a quality content strategy will deliver them.

Some KPI’s and measures could include:

dgblogi 4 Ways to Measure ROI on Content Marketing

By creating these performance indicators, these metrics can simply and easily show how well your content strategy is performing. This will allow you to alter your strategy to ensure these can be isolated and targeted, increasing return on investment.

Takeaway tips:

Hopefully these 4 tips have given you some real insight on how to measure ROI on a content strategy. Further down the line, real value is created when you are building communities and promoting your businesses core values and generating leads and conversions consistently.

 

Image Credit: max3w,  Dave Dugdale

Posted on: December 18, 2012

Leave a Reply

Your email address will not be published. Required fields are marked *

4 Responses

  1. Rick Noel December 18, 2012 5:05pm

    Great post Jonathan. Like with any other marketing, content marketing, especially online, will ultimately be evaluated on ROI. Being SMART is great, though I am not sure that I understand the difference between attainable and realistic though it is an easy to remember acronym. Online call tracking is great as it provides a more accurate attribution/ROI picture. Thanks for sharing.

    Reply

  2. Jonathan December 18, 2012 7:07pm

    Hi Rick, thanks for your comment and I am glad you enjoyed the post. As the shift towards content marketing becomes more apparent, ROI is the only figures CEO’s will be looking at, and call tracking does make this a lot simpler.

    Yes, I think the same about being SMART, there isn’t a lot of difference! I think realistic is the most important element, so maybe it is in there twice to make sure you are thinking about it!

    Thanks again

    Reply

  3. Linden Wilcock December 21, 2012 10:10pm

    Nice post. Some great reminders and I especially like the emphasis on deciding exactly what needs to be measured from the onset. I think it’s also important to pay attention to SEO measurement and recognize that if your ROI isn’t easily identifiable in terms of leads and conversions, content can be created for the sake of SEO and can increase conversions in the long run.

    Reply

  4. Rank Watch January 17, 2013 12:12pm

    The table infographic at the last is very useful and factual. Holds a great importance for anyone following some key guidelines on the content marketing front. Although i would like to differ on your 2nd title – “Monetize everything”. There should be a factor of engagement first and than monetizing issue could be handled very well to grow your sales and leads.

    Reply

x