How does a marketing director decide where and on what to spend money?
-
When you're about to decide where your firm's dollars go: What gets you excited? What makes you happy? What statistics, metrics, evaluators, feedback mechanisms, etc do you use to determine the viability and/or success of your expenditures? What ability would you most desire in a campaign?
-
Answer:
What has worked into the past is a great starting point, but clearly not enough. Trial and errors with short term approaches like PPC and social media contests are great. You can then parlay the attention towards content that's been created (in-house or outsoruced). At Apptegic, we just invested in a new website so conversion and SEO are two big indications of success we'll be watching. SEO ranking make me very happy but the best metrics are the big ones like revenue, customers aquisition costs and churn rates because the all imply what's working and what's not.
Ryan Connors at Quora Visit the source
Other answers
For me, only one key performance indicator stands out from the rest: the Net Promotor Score (see Wikipedia). At our company, we measure it on a weekly basis and it gives us lots of value. I know that some academics don't like asking only one question, but nowadays people don't have time to answer more.
Edwin Vlems
Related Q & A:
- How To Spend Money Wisely?Best solution by Yahoo! Answers
- What kind of jobs can you get in marketing with a marketing degree?Best solution by Yahoo! Answers
- How can I become a movie director?Best solution by Yahoo! Answers
- How do you become a casting director?Best solution by eHow old
- What is a funeral director's job?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.