We all rely heavily on our marketing campaigns to drive growth and connect with our target audiences, but building a great campaign is only half the battle. What comes after launch is an extensive process of analyzing and improving. Understanding your campaign performance through analytics is what sets successful campaigns apart from missed opportunities. Today we’ll step into the world of campaign analytics and how this insightful data can make or break your success.
What Are Campaign Analytics?
Campaign analytics are just as vital as the campaigns themselves. It is the data that lets us know how well we’re doing and if we can stay the course or if we need to switch tactics and try something new.
These are valuable insights that help marketers make data-driven decisions, optimize strategies, and most importantly, achieve better results. Referencing campaign analytics can uncover patterns, pinpoint trends, and help with really understanding customer behavior. All of this, in turn, can lead to refined campaigns and better allocated resources.
Ways Good Campaign Analytics Can Help Businesses Achieve Their Goals and Improve Reporting Quality
When good campaign analytics are in place, businesses are able to achieve more and grow. Implementing a robust process can offer several benefits.
- Informed decision-making: When your data is reliable, you can make informed choices. Data-driven insights empower marketing teams to take action based on evidence, providing them a clear path to optimizing campaigns.
- Measurable success: Analytics serve as a benchmark for measuring the progress of campaigns. Are you hitting or missing your marks? It’s all clearly represented in the data.
- Resource allocation: Businesses can allocate strategically when they have good analytics on hand. You can’t know what campaigns to boost or pause unless you know how they’re doing.
Poor Campaign Analytics and Their Impact on Your Success Rate
The first step in improving marketing performance is to recognize the impact of poor campaign analytics and tackling some of the issues at the root. Poor campaign analytics work at the opposite spectrum of good analytics and can lead to negative impacts such as missed opportunities, wasted resources, and inefficient decision making.
Think about it. Poor analytics means you’re not getting as much value out of your data as you could be. This may mean you’re not spotting growth opportunities and therefore, are unable to capitalize on them. You may misallocate your resources or spend extensive time going down an unnecessary rabbit hole. It’s also likely that you’ll find it tougher to make decisions. There’s more guesswork involved rather than evidence-based thinking. All of these situations can impact your success.
Common Marketing Campaign Analytics Mistakes
Before we tackle the do’s of campaign analytics, it’s crucial to address some of the common mistakes that may account for why you’re not seeing success.
- Incomplete data collection: This is a big one. Your insights are only going to be as good as the data you’re receiving which means partial or inaccurate data can lead to analytics that tell a completely different story from reality.
- Lack of clarity with objectives and KPIs: You need to know what your goals are and what indicators to measure. Without defining these ahead of time, it can be challenging to measure success accurately.
- Failure to segment: Not all data is created equal, nor does it all mean the same thing. Segmenting your data by various factors can bring insights to light while failing to do so can obscure useful information.
How to Identify Poor Campaign Analytics and Avoid Them
To start, you’ll need to know how to differentiate between poor analytics and poor campaigns. There are a few strategies to figuring it out. For example, referencing historic data or creating test groups and control groups where you’re able to compare results.
Process for Insightful Marketing Campaign Analytics
Once you’ve caught on to the actual issues, you’ll be able to devise a better plan for improving. To improve campaign analytics, keep the following tips in mind:
- Clearly identify your campaign objectives and KPIs. These need to be specific, measurable, and relevant.
- Segment your campaigns. Understanding what data correlates to which campaign can help you evaluate results effectively.
- Continue refining your analysis process. There is always room for improvement. Regularly assess and adjust as needed.
Marketing Campaign Types
As mentioned earlier, we highly recommend segmenting your campaigns based on a variety of factors like audience demographics or channels. Different campaigns require different and sometimes specific approaches to analytics. While there are many options for how you separate it out, we’ll help guide you through some aspects of one of the more common approaches—segmenting by channel.
SEO campaigns focus on improving website visibility to search engines like Google or Bing. This channel is focused on organic growth and key metrics that are included in analytics should reflect that.
We recommend looking into organic traffic, keyword rankings, click-through rates, site speed, and other related SEO metrics to start.
And, when targeting SEO, it is important to keep a watchful eye over the website and make improvements by optimizing content, targeting relevant keywords, and building high-quality backlinks.
Paid Media Campaigns
Paid media campaigns focus on utilizing paid advertisements to reach target audiences across various platforms whether that’s a search engine, social media page, etc. These often lead to dedicated landing pages which makes it easier to specifically track metrics such as click-through rates and conversion rates. At the same time, it’s also important to track return on ad spend (ROAS) and cost per acquisition (CPA) to help inform future campaigns.
When creating paid media campaigns, the key is to define your target audience and use compelling ad creative. At the same time, continuously monitor how these ads are doing so you can make tweaks along the way.
Email campaigns are dedicated to engaging and nurturing a target audience. They’re meant to help navigate prospects through the marketing and sales funnel. We recommend tracking metrics like open rates, click-through rates, conversion rates, and even unsubscribe rates so you have a finger on the pulse of your audience.
These sorts of campaigns have plenty of room for creativity and personalization. Be sure to create compelling subject lines and valuable content with a clear call-to-action. It’s also important to segment your audience list so that your subscribers receive relevant emails.
Social Media Campaigns
Last, but not least, social media campaigns are leveraged by brands to promote awareness, attract new audiences, and engage with current ones. Just like other channels, there is a lot of valuable insight to be gained from social media analytics. Monitor important metrics like engagement rates (likes, shares, etc.), reach, and follower growth.
Social media is a space for playing with ideas. Tailor your content according to each platform and leverage visual storytelling to share about your brand and capture attention. Most importantly, remember to engage with followers and build a community through your social space.
Stay On Top of Your Marketing Campaign’s Performance with the emfluence Marketing Platform
Utilizing the help of a marketing automation platform can ensure you stay on top of your campaign analytics. The emfluence Marketing Platform was built by marketers, for marketers and empowers businesses to make data-driven decisions.
Reporting and analytics is a major feature of the platform and provides you with all of the tools needed to evaluate the success of your marketing campaigns. Check out what the emfluence Marketing Platform has to offer here! We’ll help you keep an eye on everything from social media to email and give you the ability to create custom reports so that your data funnels into the insights that will help you grow your business.
Looking to dive a bit more into the platform? Request a demo today and we’ll walk you through this intuitive marketing tool.