I am a sports fan, or maybe I should qualify that. I am a
sports fan of sports where there is a clear goal that is defined. Transversely,
I am not a fan of sports that are open to the judgment of some expert to give a
score. If you are carrying a ball across a line, swimming from a starting point
to a wall, hitting a ball over a net and within the designated boundary lines,
shooting a ball into a hoop before time runs out – I am all about watching your
sport. If you twist and turn in the air before splashing into a pool of water,
dance on ice, jump over an obstacle, flip and land on your feet – all of that
to be judged by someone who gives you a score – you are in a sport that is too
arbitrary to hold my attention. It is not that I don’t admire the athleticism
and dedication it takes to perform at the highest levels in those sports, I
just don’t like sports that are subjective. I like objective, clear-cut goals.
What is the goal of marketing? The goal is to help you
achieve your goals. Most of the time in business, that involves reaching sales
goals, but not always. Another goal may be to expand your influence in a
particular industry, garner more support for your brand, or increase the
awareness of your brand with a particular group of people. Now wait a minute!
Achieving sales goals sounds like crossing a finish line, but expanding
influence and increasing awareness sound more like random judging. Did you
stick the landing? Well then you scored a 10.0! …or was it a 3.5? How do you
know when you have crossed the line with your marketing in these more nebulous
areas?
Establishing goals
I cannot stress how important it is for you to establish
hard number goals in order for marketing to work, especially in areas where
there is not revenue to measure. For instance, if you are expanding brand
awareness, you need to figure out just how you are going to measure this and
put some metrics to it. One way would be to see how your awareness campaigns
impact your conversion rates on your analytics. So let’s say I sent out an
e-blast with a link to a landing page that had information about my brand and a
next-step-point-of-action link for people wanting more information, I control
the number of people I sent the e-blast to, I can see who opened it, who
clicked through to the landing page, and who clicked the "more info” link. For
each of those steps, it is important to establish goals. I could say, I want 10
percent of the people to whom I send the e-blast to, to open it. That is the
first step of awareness. I also want 80 percent of those who open it to click
through to the landing page. Of those who browse to the landing page, I want 25
percent to seek out more information from me. So, if you are following the
math, if I sent this to 1,000 people, marketing success would look like this:
- 100 people opened my email and became aware of
the brand
- 80 people clicked through to my landing page and
learned more about the brand
- 20 people wanted more information from me to
further engage with the brand
Any action that is taken after opening the initial email is
measured for awareness. Even someone who opens the email and immediately
deletes it is more aware of the brand than they were if it had never been sent
to them. The point here is this: for marketing to be successful, you have to
establish hard number goals where the line can be crossed.
Three common problems
in marketing goals
There are three common problems that creep up when dealing
with marketing goals. I have already implicated the first one, which is
marketing with no goals in mind. If you are disappointed with your marketing,
but you have never established any goals to measure success or failure, what
did you expect? If I could use another sports analogy, marketing towards a
goalless pursuit is much like putting runners on a track and expecting them to
sprint until you decide they have gone far enough. Would you expect any world
records to be set? How would you know? You didn’t set an end line to measure.
It seems rather pointless.
The second problem is unrealistic expectations of your
marketing mediums and your target. Let’s go back to the illustration I used
above. If I were to send out an e-blast to a list of 1,000 people and I
expected 100 percent of them to open it, I have set an unrealistic goal.
However, I have had my share of business managers who think it can be achieved.
First of all, mass email is never going to give you 100 percent results. The
medium will never support that kind of goal. But neither will your target
market. They have a choice: to open your email or not. You cannot control that.
You need to be realistic about your results and adjust your goals accordingly.
Using the above illustration again, if I wanted more then 20 people to inquire
about my brand, I need to send the e-blast to more than 1,000 people who are in
my target market.
The third problem has to do with business infrastructure
inadequacies, such as no follow through. So if 20 people ask for information
about your brand and no one gets back to them, the campaign becomes a failure.
Was that the fault of marketing? No, the marketing did its work and achieved
its goals. The final goal – that of getting engaged prospects into a
conversation about buying the brand – was never achieved because the internal structure
was either not there or didn’t do their job. One more sports analogy: I can put
running shoes on your feet, but I cannot make you run. Too often, I find people
believe that marketing, especially that tied to technology, will do all the
work and they can sit back and let the money roll in the door. This also is
unrealistic. Marketing is there to help you get to the goals, not to do all
your work for you.
The goal of marketing is to help you achieve your business
goals. Make sure you are using it correctly and measuring your success.