3 WAYS YOUR MOM MARKETING SUCKS [PART 3]

You’re quickly becoming one of our favourite visitors – thanks for clicking through to read PART 3!

As a quick refresher – PART 1 and PART 2 covered a few crucial elements to consider when trying to grasp the attention of your mom-audience. Be as authentic as you possibly can be; align your product values to those of the moms you target and don’t move with the mass when it comes to targeting moms – break the mould of pastel pinks and blues to rather treat moms like humans.

So that leaves us with PART 3 where we’ll explore another way that you’re missing the mark when targeting moms.

3. You’re Wasting Your Ad Budget

From a mom & pop store to Cadbury’s…your marketing budget is likely never as much as you’d wish it to be. The budget you invest in your company is a precious commodity and thus you need it to perform and deliver fantastic ROI.

ROI you say? This is the part where most companies stumble. Yes, we had clicks; Yes, we had impressions; Our banner is on a really busy highway; The magazine was distributed to x number of homes….but do we REALLY know the ROI?

The most vital part of any marketing campaign is usually just skimmed over. Measurement should be the first and foremost item you spend your precious time on. This and only this will give you an effective representation if your money is being spent on the correct channel.

It’s hard to know if you’ve won the game if you don’t keep score!

Are you effectively measuring your ad spend? 

I’ll run through a couple of items you should be tracking, but let me just state that I am a lover of online media as it’s TRACKABLE! So my post will centre around defining ROI, and I only feel that one can effectively do so online.

Here are 4 things that you should already know about the marketing segment of your business.

  1. What is the lifetime value of your customer? Do you upsell, cross-sell and offer repeat services or products? This makes your customer a loyal lifelong commitment, not a once off sale.
  2. What is the exact cost of getting a new customer or client? Do you know how much you’ll spend to acquire one new customer? This goes hand in hand with setting out future budgets as you’ll need to determine what you’re willing to spend to get one new customer.
  3. What is your cost per lead? (not sale) This you can determine by dividing the cost per sale [as above] between all incoming inquiries/leads.
  4. What is your marketing cost? This is not purely ad spend but includes graphic design, web development, staff, influencers, PR and other additional expenses that might not be so clear from the start.

Takeaway

Ensure all efforts are trackable!

Facebook Pixel and Google Analytics with the use of tracking URL’s are key to helping you understand your marketing results. If you know how to use these tools, the entire process becomes a lot easier.

Measuring ROI does not start at the end of the campaign but rather on the get-go as setting up proper tracking is an essential tool to ensure that you’re being smart about who you’re reaching with your ads.

6 replies
  1. Cordell Schmier
    Cordell Schmier says:

    Can I simply say what a reduction to find someone who actually knows what theyre talking about on the internet. You definitely know the best way to carry an issue to light and make it important. More folks need to learn this and perceive this aspect of the story. I cant imagine youre no more common since you definitely have the gift.

    Reply

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *