ROI is simple right? Measure your costs (investment), measure your revenue (Return). ROI = Return/Investment.
The problem many of
our clients were facing, before partnering with
CompleteMarkets, was measuring Marketing ROI since it is not an exact science. In practice, marketing is a dynamic activity which requires constant fine-tuning, trying new approaches and doubling down when something appears to be working.
We understand that marketing is a crucial step in generating Sales. Without Sales, your company will fail. Without Marketing, your Sales will fail.
If you cannot measure your Marketing ROI accurately and comprehensively then how do you know which marketing efforts are prosperous or, which ones are failing and losing your company valuable time, dollars and sales?
Many marketers and agency owners do not have a good handle on costs therefore they cannot have a good read on their Marketing ROI. They either do not have enough time to keep track of all this, or the agency is too departmentalized (big) to consolidate these costs.
Most agencies will attempt to measure at the end of the year, and use a simple yardstick – net profit.
“Did we grow?”; Did we make money?”; “How do you feel this initiative did?”. In the end all their measurements of ROI turn out to be just an educated guess.
At
CompleteMarkets we take the guess work out of measuring ROI making your marketing campaigns easier, more comprehensible and ultimately more successful for your company!
We measure every submission (estimated premium), every lead and all activity by campaign. You can assign a ‘value’ to each activity we report to you and end up with a pretty good estimate on the value you are getting for your marketing efforts.
This is why large companies with dedicated marketing teams and small agencies without an in-house marketing team love us!
We adapt our approach to your needs and goals.
Why not get in touch? Let’s discuss how we can help your agency get more than just an educated guess on its Marketing ROI.
Regards,
Sherri Carroll, Business Development Executive
909-219-9547