Conducting a regular digital marketing audit will allow you to gain considerable understanding which particular initiatives are performing well and which specific areas require a different approach to enhance your overall performance and better ROI.
This audit requires thorough tests and analysis of the all digital marketing aspects like website, SEO, PPC, social media promotion, Contents and Competitors.
You need digital marketing audit if you find any of the followings. Its always recommended to have audit in regular point of time to get better ROI and stay ahead of competition.
- Your website losing traffic and unstable visitors
- Your bounce rate is too high
- You are not hitting your sales targets and failing at sales
- your social media audience and followings are low
- Your paid marketing budget is low in comparison to sales and you want more sales target at low budget.
Carrying out a routine audit of your digital marketing effort is the most effective way of getting a clear overview of current performance. It allows you to get considerable recommendations of what changes need to be made, diagnose any key issues and focus those areas for growth and improvement.
Check Impact of your digital marketing campaign
After investing a while in digital marketing activities now its time to evaluate the performance and impact of your campaign with following questions:
- How have things improved for your business?
- How many leads have you been generated?
- How many new customers have you got?
- What is your brand loyalty improvement?
- Whether you achieved any of your business goals?
- What’s your return on investment?
Understanding and defining your Audience
Using different types of market segmentation determines how your organization divide its customers based on age, income, personality and behaviors. These defined segments help companies to identify their target markets. Identifying and analyzing the target market is the first essential step to know the end users, create more effective market campaign and best fit the products or services to target audience.
A target market is a specific group of people that you want to reach through your marketing campaign. These people are more likely to visit your online shop and make a purchase that any other random group of people. They have certain characteristics in common, such as their demographics or psychological and behavioral patterns.
How to Define your Target Audience and Market
Identifying the right target audience for your product or service is one of the most essential phase of a marketing strategy. Strategies begins with best niche market and highly targeted market segments are more successful in comparison to non targeted segments and Niche.
Its necessary to define your target audience prior to begin marketing effort for your brand. The target audience is the specific group that you expect to purchase your products or services, which comprises existing customers and potential customers as well.
Proper segmentation helps companies to know their customers, identify customers need and determine how their products or services can best satisfy the needs of their targeted audiences. This helps the companies to plan their products or services and execute better marketing services and promotion.
Check out your competition
A Competitive analysis can help you understand your competitors strength and weakness in comparison to your own products and services to identify potential opportunities and find a gap in the market.......
Competitors analysis also enables you to stay ahead of competition and ensure your products or services best meet the needs of your customers and exceed industry standard as well.
This blog was published by Tarini Prasad Ray on Your Pocket News
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