Measuring Success
September 24th, 2008Talk to any business advisor and one of the aspects theyâll mention is the importance of measuring key values that govern the success or failure of your business.
For example, if your business manufacturers a product, then youâll want to measure the number of units made per hour or day and the profit margin made on each one when it is sold. If youâre in retail, then youâll want to measure the profit made per square foot of shop space and the turnover of product sold. You get the idea Iâm sure and no doubt there are unique critical success factors that apply to your own business telling you how it is performing at any given point in time.
If your business has a web site, at some point in the past youâll have taken the decision to commission it in order to satisfy a specific need or perform a particular task for your business. For example, your web site may be one that is designed to generate leads for your sales team or perhaps its purpose is to sell products directly off the web. Measuring the success of these types of web sites at a top level is relatively easy to do as itâs is just a case of identifying the number of leads or sales that have been generated from the web site. One good trick here is to use a specific sales enquiry telephone number on your web site or allocate a unique email address to enquiries from your site. Any sales or leads that come through these unique contact points are easy to identify as originating from your web site.
Installing a web site visitor statistics package for your web site is an essential tool for any site owner as it helps them fine tune the effectiveness of any web site marketing activity. Good âweb-statsâ applications will offer reams of useful information about how a web site is performing. For instance, the number of first time and repeat visitors may be gauged; which pages they look at, which search engines or third-party web sites they come from and which keywords they use in the search engines to find your site.
Such information is invaluable for any web site owner as it allows them to make an informed decision about tweaking their site or alter their marketing or advertising activity, in order to take advantage of the techniques that are working and drop the ones that arenât based upon the visitor activity on their web site.
Ask your web developer or web hosting company about the web-stats packages they can offer. One of the best ones to use is Google Analytics (www.google.co.uk/analytics) which offers a huge amount of detailed visitor information about your web site as well as measuring conversion rates and tracking goals. Added to this itâs free and is easy for your web developer to install on your site.
Jaimie Dobson is a director of Heckmondwike based digital marketing agency Keyclicks UK Ltd
Note: This original article by Jaimie Dobson was orignally published in the Business Matters section of The Weekly Press Newspaper on the26th September 2008
