Reflection on Metrics
A widely accepted practice in
organizations is that what gets measured gets done. Critically reflect on the
metrics learned this week to measure the effectiveness of internet marketing
programs. Were those metrics really capturing the performance results that
marketers essentially need for achieving tactical and strategic business goals?
Do you see the need for developing new
sets of metrics that will be more relevant with this evolving marketing
channel?
Explain your reasoning.
I
think that the metrics that really capture the performance results that the
markers essentially need for achieving tactical and strategic business goals
are not the one time evaluations. I agree with the text in Internet Marketing: Integrating Online &Offline Strategies Roberts
& Zahay, (2013) “The issues involved in testing a prototype versus a fully
functioning site suggest that several small-scale test at various mileposts
along the way might be more productive than any single larger-scale test” (p
331). Many little tests on many different metrics are possible but choosing the
right measure to test seems to be the difficult part that marketers face. What
makes the metrics so hard to choose from you may ask. Well, the metrics could
be done on just about anything. How many people come to the website, how many
people continue to the next page, who checks out and who does not, how many
abandoned carts a site has along with how many people start to check out and do
not finish, these are just a few of the infinite amount of test you could so to
gather information on a sites performance. “Whatever the situation, metrics
point the way” (Roberts & Zahay, 2013, p 399).
The
metrics that are developed to capture the performance, tactical, and strategic
business goals are the metrics that help you understand the markets objectives
or the ones that tell you what you are doing against your objectives. The hard
part is choosing the right metric to use to find out the information. This is a
job that should not be pushed to the side but embraced by the market manager
that is handling the clients marketing needs. It is very important to do these
small tests to better the success of the site. “Metrics -numbers- alone do not
meet marketing and management needs. Only when the metrics are carefully chosen
and reported in sufficient detail to guide strategic choices are business needs
met” (Roberts & Zahay, 2013, p 402).
The
need for developing new sets of metrics that will be more relevant with the
evolving marketing channels is in demand already. Social media and mobile
metrics are presenting a new environment to test. The metrics are growing with
the new creations of apps and social hot spots. The interpretations of these
new fronts are becoming a challenge in its self. Taking action and identifying
the important metrics, sorting information and gathering required data that is
accurate, and getting rid of the access data is a huge part of taking on these
new features offered be the internet and mobile devices. The need for new sets
of metrics is a must in my eye.
Roberts, M. Zahay, D. (ed.). (2013).
Internet Marketing: Integrating Online &Offline Strategies(3rd
ed.). South-Western, Cengage Learning.
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