Setting measurable KPIs aligned with each team’s goals ensures accountability and progress tracking. Making sure these measurements match the team’s main goals helps keep them on track and ensures they get the results they’re aiming for.
Web Content KPIs
‘Time spent on page’ indicates the relevance and engagement level of your content. Longer times usually suggest that visitors find the content useful and engaging. The bounce rate reveals the percentage of visitors who navigate away from the site after viewing only one page. A high bounce rate might indicate irrelevant content or poor user experience.
A high number of social shares typically signals that the content resonates with the audience and is seen as share-worthy. Page views indicate the popularity and effectiveness of content in drawing visitors.
The conversion rate is a big key performance indicator. For content aimed at conversion (like landing pages), the percentage of visitors who take the desired action is crucial for defining the success of your marketing strategy.
Advertising KPIs
The CPA, or Cost Per Acquisition, represents the average cost to acquire a customer, and the goal is to keep this as low as possible while ensuring the leads are of high quality. A high-quality lead is a customer who has already converted, i.e. bought the product or service, or a potential customer who has a high likelihood of converting in the near future.
CTR, standing for Click-Through Rate, gauges the effectiveness of an ad by determining the number of clicks it receives every time it’s shown. ROAS, which is the Return on Ad Spend, provides a clear picture of the campaign’s profitability by quantifying the revenue generated for every pound invested in advertising.
Another essential metric is impressions, which count the number of times an ad is viewed, giving an indication of its reach, regardless of whether it’s clicked or not. Lastly, the conversion rate is a crucial measure, highlighting the percentage of users who engage in a desired action after interacting with an ad.
Branding KPIs
Observe brand mentions by tracking how often your brand is mentioned across various platforms, which can provide insights into its popularity and reach. Make sure those mentions are positive with sentiment analysis. This uses data analytics to gauge public sentiment towards your brand, helping you understand areas of improvement.
Positive testimonials and reviews from customers are a powerful form of social proof which can significantly boost brand credibility, while negative ones can offer insights into areas needing attention. Periodic surveys can help ascertain how easily target customers remember your brand without prompts.
A Net Promoter Score (NPS) is a metric that assesses customer loyalty by asking one simple question: “How likely are you to recommend our brand to a friend or colleague?”