Can you measure the effectiveness of your content marketing? Do you have proof? How about your content marketing ROI? What is the purpose of creating content?
Practical strategies and clear goals are essential for content marketing success. You must document your plan and track your results once it is established. This will help you determine if your efforts have been successful.
According to Semrush, 84% of businesses have a content strategy. However, only 11% believe they have an outstanding one.
All building blocks must be stacked correctly: audience research, content scheduling, and repurposing. The results will start to appear once everything is in place. But how will they appear? How will you track them down?
Although content marketing is a well-established practice, many businesses, tiny ones, struggle to understand that the results of content marketing rarely translate into macro-conversions.
Content marketing significantly contributes to the final step (a sale or lead). Many other essential metrics can help you gauge the effectiveness of your CM efforts and determine their impact on your business.
The right metrics can help you spot poor-performing content and suggest ways to improve it. You will be able to identify your most successful content. Data analytics can help you find the right “recipe” for content marketing and creation. You can then rinse and repeat to ensure content marketing success.
What are your objectives and key performance indicators for content marketing?
Before you can decide which marketing metrics you want to track, each member of your marketing team and your client, if they’re agencies, should understand each content campaign’s objectives.
This contrasts the “how do I measure content marketing ROI?” question, which we answer at the end of the article. Identifying your primary goals and key performance indicators (KPIs) before determining which metrics will be used to track your content marketing activities is essential.
After creating the business case and convincing your client or business of the potential ROI, this question will be asked. You may need to explain what content marketing is.
Start with your “Why” to identify your goals and determine your primary KPIs for measuring performance.
Find out the higher purpose of your brand.
This may sound like I need to answer the question. But please bear with me.
You need to understand why your business exists to know how to set objectives and KPIs to guide your content marketing.
This premise is clearly explained by Simon Sinek in his Ted Talk Start With Why – How Great Leaders Encourage Action. He explained, “People don’t buy what your do.” They will buy what you do.
Before identifying your key performance indicators and objectives, your business must understand why it does what it does. You must establish a high-level objective based on your business purpose and marketing goals.
Increase your “Share of Conversation.”
I’ve spoken about share-of-conversation (or sharing of voice) before. It all starts with believing that marketing can be described as a conversation. It encompasses any form of measurable brand awareness, including online mentions, website traffic, and PPC.
It shows how famous your brand is in comparison to other brands. It helps you to understand your market position.
While you can start a conversation online, it is more effective to join existing discussions. The goal is to guide them.
Content marketing is essential for this reason. Content marketing’s ultimate goal is to increase conversation.
What is the right topic for conversation that your brand should be leading? Once you know your brand’s purpose, you can answer the question.