Bench that benchmark—and target your marketing campaign results!

Bench the benchmark, set a target.
Last June, Bank of America’s Small Business Community asked me about setting benchmarks for digital campaigns. There’s no denying benchmarks have a lot of value. We use them to see how our campaigns perform based on the industry standard. Having a hard and fast number definitely draws the line in the sand between what is considered “good performance” and “bad performance.”
But a benchmark is just a number. As much as we want to match our number to someone else’s number, and label it “good” or “bad,” a benchmark can only tell a small part of the story.
Digital marketing is not a one-size-fits-all discipline. One percentage number is not going to determine if the campaign passes or fails. What if we drive only a small number of visitors to our site, but they are extremely engaged, spending ten minutes viewing multiple pages of content? What if those few visitors become ten strong leads or convert into hundreds of purchases?Read full post...





















