On the big day, his store is filled with friends, well-wishers, potential customers and visitors but at the end of the day sales were really poor at Mr. X big store. What could have prevented proper sales at Mr. X's store? Could it be the shortage of attendants or the design of his store? It is none of the above, only that Mr. X hasn't moved his store online.
Most times businesses like Mr. X's own fail to make sales because they are yet to track and isolate the factors affecting their revenues and until they find a solution, the business may close prematurely with huge losses.
As much as planning, research and strategy are important in executing digital marketing campaigns, it is important to know if those measures being taken are actually working and how they can be merged to work better for the growth of a business, brand or company. These questions can be answered when digital assists are created then various channels are used to drive traffic to those assets and most importantly, build lasting relationships with customers.
As a marketer, moving your business online opens a door of available resources to assist you with tracking, analyzing and optimizing your digital assets and campaign to get the best results possible.
The Internet has allowed marketers move beyond creativity. It has simply prevented business owners from guessing why their revenue has increased tremendously, and quick tips on what isn't working. It has allowed entrepreneurs and companies track each click made by their visitors to and through their site. In the end, a business can be kept running when their owners know where to look, what to look for and what to do when you gather the information they seek. This is how data analytics came about.
Before the digital age began, adequate data wasn't made available to marketers in traditional media. Even when it was released, data given was of a broader perspective which only included understanding customers reactions to marketing messages. It was hard to identify and determine what exactly they were reacting to and why.
Fast forward some years later, information is now readily available everywhere. The digital age has given rise to the recording of every single move made by visitors online, this in turn means that a flood of data can be made available to marketers to help them discover and understand where, when, why and how people react to digital marketing campaigns. This implies that guess works, assumptions and hunches aren't enough nowadays, data-driven decisions need to be made by marketers. Solid facts and clear results should be used to back up every decision made.
Understanding data analytics doesn't mean you must be a 'numbers' person, the technology required in gathering data does the major work in getting numbers. What is left for strategists is the analyzing, experimenting, testing and questioning of the data given. A curious mind with an understanding of principles and tools for data analytics are all marketers need for a better performance.
At RDM, we ensure clients get value for their money by giving them data-backed facts and results so they can make data-driven decisions for their businesses instead of errors based on hunches and assumptions.
Kindly visit the website on http://www.rdm.ng/
Article written by Oge Okonkwo
This is a feature by RDM