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In marketing, the primary goal is to send the right message to the right people at the right time using the right channel… right?

According to the Harvard Business Review, the four Ps of traditional marketing (price, placement, promotion, and product) needs to be shaken up and contextualized according to the particular needs, wants, and circumstances of your customers.

Contextual marketing enhances the overall customer experience by providing data-driven content that is personalized to an individual’s situation and needs. Engaging content delivered via the platform that your target audience is using helps cultivate more meaningful relationships.

Current State of Marketing

Nowadays, marketing is no longer centered on your brand or product. It’s about the customer and their needs. In other words, it doesn’t matter how good your offering is if you’re not delivering value to your target market. As technology evolves, consumer patience and attention spans shorten. Marketers need to find creative ways to capture the attention of a user and hold on to it. Customers are more demanding than ever, so marketers need to develop a contextualized and personalized strategy to increase sales.

Consumers expect marketing materials aimed at them to be helpful and highly relevant to their particular situation. Prospects tend to choose the brands that provide them with the most valuable content and communicate with them in the most personalized manner. This is where contextual marketing is critical.

Here’s a little rundown of contextual marketing from geoflypagesitservice:

Quick Takeaways:

  • Contextual marketing is a cheaper way to target your marketing efforts
  • By targeting specific demographics you can more efficiently personalize advertisements
  • A more personalized approach leads to greater engagements on your content

Benefits of Contextual Marketing

Cost Effective

Implementing contextual marketing doesn’t require a huge investment. To build on the context of your communications, you just need to have the right data. This means setting up customer data collection and retrieval via a CRM tool. You’ve got a range of choices when it comes to selecting the best fit for your business. There are even CRM options for small businesses on restrictive budgets.

Targeted Traffic

Contextual marketing uses advanced behavioral targeting. By focusing on a specific behavior and demographic, you can target your prospects right when they’re about to make a purchase decision. This also enables you to place your brand front and center at optimal times to encourage brand awareness, recall, and engagement.

Source: Marketing Charts

Enhanced Customer Experience and Satisfaction

Wouldn’t you be awed if a solution to your problem magically presented itself to you? Because contextual marketing is highly personalized, the marketing message that gets sent to a consumer is properly timed and strategically positioned. Customers don’t need to be bombarded with marketing messages they don’t want or need. You simply send the message they need at the time they need it.

By improving the context of your marketing campaign, you ensure that each prospect or customer is attended to properly. When customers feel like more than just another sale, trust is built and they become more confident about your brand.

Increased Customer Engagement

The goal of contextual marketing is to create interactions with consumers by anticipating their needs. Not only do you get to place your brand in front of the customer, but also encourage active participation of your brand’s communications. The more you can engage with your customers, the better your chances of retention and converting them into brand advocates.

Non-Disruptive to Consumers and Audiences

Nobody likes being interrupted from their daily chores, routine, or work. Now imagine this:

It’s summer. Your old AC unit has finally breathed its last breath. It’s scorching hot. So, you complain about the heat on social media. Suddenly, a banner image appears on your computer with a discount coupon for air conditioning units. Of course, you check it out. If it’s a great deal, you won’t let it pass. You’ll be extremely likely to take the next step.

With contextual marketing, you won’t see the offering as an ad. You’ll think of it as a solution to your problem.

More Sales and Revenue

Because the advertisements you’re posting are specifically targeted, personalized, and strategically positioned at the time that your customer is about to purchase, conversion rates will be higher, and your sales figures will increase. This is much more effective than large-scale, traditional, mass-marketing efforts that target the general public rather than a specific niche.

How to Set Up Customer Data Collection

So how do you know you’re ready for contextual marketing, and where do you begin? Your CRM tool will be vital in setting up segments that can help you determine the context from which to base your strategy.

Here’s what you need to do before you launch a contextual marketing campaign:

Set Up Your Lifecycle Stages

Lifecycle stages provide insights about where your customer is in their buying journey. Once you have lifecycle stages, determine who among your contact database are leads, subscribers, marketing/sales qualified leads, customers, etc.

This will enable you to segment your customers and prospects into groups, helping you determine the type of marketing content that would work best to influence them.

Define Your Buyer Persona

Buyer personas represent your ideal customer. Depending on your industry or niche, you can create a single persona or multiple buyer personas. This will help you classify each of your contacts and determine the right content and platform where you can reach them.

Think of each persona as a real person with specific daily routines or work processes, challenges, problems, needs, wants, and plans. The more detail you put into this, the easier it is for you to create a solid path that will lead your target audience straight to your doorstep.

Clean and Audit Your Contact Database

You’ve built your contact database or subscriber list through the years. You may have thousands of contacts, but are they still relevant? Do these numbers or email addresses even work? Bad contact details result in bad data and metrics.

Your emails can be undelivered, the content you send them may no longer be relevant to their current situation, or worse, your message might get flagged as spam. The solution: customer data cleansing.

Some companies perform database audits monthly, while some prefer to do it quarterly. This frequency can depend on the volume of leads and subscribers that you’re getting every month. Some CRM tools can automatically delete contacts from the database after a hard bounce.

Identify any incorrect information and missing details. If for example, you want to create a segment by industry but don’t have that information for some contacts, you may need to reach out to these prospects (or customers) to get that necessary information.

Keep your database healthy to ensure that the right messages are being delivered to the right people. If your CRM tool does not support database cleanup, there are third-party list verification software solutions that you can use.

Amp Up Your SEO Strategy

SEO is an ever-evolving landscape. Every year, new techniques and trends come up, so it’s vital that you check your site and optimize it for search engines so that your target audience can find your content in the right context.

Check your keywords. Are you ranking for keywords that your specific target audience or buyer personas use? If search engines cannot properly crawl your site, and users cannot find your content, then you’re wasting highly relevant and potentially valuable content. What’s the use of content that no one can see?

Remember, SEO isn’t about fluffing your content with keywords. You need to optimize it for users and the search engine spiders. Ensure that your content has impeccable grammar and smooth storytelling.

Identify Your Top Performing Content

Your top performing content can indicate what your users and target audience need and want. Web pages and blog posts with high clicks and super engagement rates are the ones that your target audience may be looking for.

Once you have identified which of your content pieces performs ahead of the others, you can then create content that revolves around that theme or topic. Consider content formats as well. Which formats did your users consume more? Do they like eBooks, videos, or regular blog posts?

Your top performing content can also provide insights about the context of your users and target audience so that you can create more personalized and tailored content.

Improve Your Website User Interface

Sometimes, marketers become so focused on their campaigns that they fail to check their main website. Remember that your website is your main calling card and portfolio. It’s critical in your marketing and sales campaign.

Check for broken links and unnecessary pages and images that can contribute to a prolonged page load time. Click around and see if all the buttons work and if they’re leading to the right webpage. Is there too much clutter? Are the colors distracting? Does the overall design project the personality of your brand?

More than 50% of users now browse using their mobile devices. Is your website responsive to any screen size? Is it easy to tap the navigation buttons with your fingers? Take the necessary time you need to browse your website to find imperfections. Again, some CRM tools can provide page performance metrics.

What’s important here is that you remove anything that poses an obstacle to the sale. For example, if a user searches for “buy bicycles” and lands on your bicycle store website, everything they see should drive them towards a purchase decision.

Examples of Great Contextual Marketing Campaigns

M&M’s

M&M’s, the famous chocolate, is undergoing a contextual marketing campaign to increase brand engagement with millennials after discovering that millennials have slowed down their consumption of chocolate candies.

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Source: M&Ms

The marketing team then came up with a fun idea of creating social media polls to get consumers to vote on the new Peanut M&M flavor. The audience was given three choices namely chili nut, honey nut, and coffee nut. M&M’s placed large banner ads and graphics asking their fans to vote on their Facebook and Twitter handles.

The result was a huge increase in brand engagement amongst their target audience. All thanks to M&M’s ability to shift the context from their own brand to the consumers’.

16Handles

16Handles, the soft-serve yogurt chain in the US, is another company that harnessed the power of contextual marketing after having concluded that the target market for their product is comprised of 16-25-year-olds who use Snapchat. They launched a contextual marketing campaign that catered specifically to that demographic.

Source: Social Fresh

The company asked Snapchat users to share photos of themselves at any 16Handles location and send it to the Snapchat of 16Handles. After doing so, these consumers were sent a 16Handles discount coupon anywhere from 16 to 100% off. Because of Snapchat’s limited window of time whereby you can see a message, the discount recipients only had 10 seconds to show the message to the cashier.

Instead of pushing their target audience to visit their stores, 16Handles rewarded those who were already at the store, and consumers responded well.

Conclusion

Contextual marketing is a cost-effective way to reach your target audience and generate more sales and revenue. Because it’s strategically targeted to a specific group of people, you can easily measure its success by only taking that particular channel into account.

The examples above clearly show how simple, yet effective contextual marketing can be when it comes to establishing your brand, generating interest, and gaining more customers. Contextual marketing at its heart simply requires good data and the ability to use it in the right context to the right people at the right time, through the right channel.

Do you want to use some of the marketing strategies seen here on MIG’s site but need some help or advice? Marketing Insider Group has a team of 35+ experienced writers ready to produce content for YOUR business. Check out our weekly blog content service or schedule a free consultation today!

The post The True Power of Contextual Marketing appeared first on Marketing Insider Group.

An effective lead generation strategy operates on a foundation of data, not guesswork. You need to have the right information about your business to develop well-informed decisions that increase your chances of success.

Using the right key metrics allow you to focus on objectives that will have the biggest impact on what matters most in your business. They serve as a guide to help you decide what to prioritize and where to allocate your time, energy, and resources.

Metrics reflect and support where you want to go while giving you a clear understanding of where you are at any given time.

Monitoring and analyzing the “right” metrics is a crucial step in your lead generation strategy – or any business strategy for that matter. You need to know what metrics to take into account to ensure that you’re not wasting resources on areas with little significance to your bottom line.

Here’s a great video on identifying key metrics from Eric Beer to get started:

Quick Takeaways:

  • Deciding on what metrics to measure how your lead generation is performing is crucial to overall marketing efforts
  • Creating systems and noting patterns will contribute to the understanding of your key metrics
  • All metric analysis starts by generating the right leads for your business

What to Measure

Identifying the best elements to focus on allows you to make the most of your finances, manpower, and time without spreading these finite resources too thin.

When coming up with your own metrics, the following questions about your company must be addressed:

  • What have the results been?
  • Where are the results headed/going?
  • What needs to be improved?
  • Have you reached your target? If so, when? If not, what must be done to achieve it?

Once you’ve identified your metrics, it’s important to monitor your data and to track your numbers consistently. You’ll be using this data to populate your systems and other analytics software used for measuring performance. These figures will influence what your next steps will be, how you’ll drive improvement, and what to do differently to correct any missteps.

For best results, keep it simple. Metrics should be straightforward and easy to understand. Everyone involved in the organization should have a solid grasp of which metrics to track.

Source: Basis Technologies

All of this must be clearly communicated to every member of the team, and each employee must know how they can influence it. They should also know what steps to take in order to achieve them, and what level of performance is expected from them based on these metrics.

Here’s a list of some suggestions for metrics to analyze your lead generation strategy:

Website Traffic

One of the first things to be on the lookout for is the traffic on your website. Not just the quantity of it (how many people are clicking), but the quality of it (their age, gender, overall demography).

Reaching a large audience is great, but understanding the specific audience you’re dealing with can help you personalize content and suggestions. This leads to increased rapport and trust between your prospects and your brand.

Here’s some flash micro-metrics on measuring your website traffic:

Click-Through Rate: 

Click-Through Rate (CTR) is a metric that measures the overall click performance of your Call To Action (CTA). CTR can be used to measure exactly how effective your banner ad, email blast, or website is at actually making a user look for more information.

Demography:

Demography shows you exactly who is clicking through your content. Key demographics include age, gender, and income. Using sites like Google Analytics can give you more insight on if your content is tailored enough to your target demographic.

Lead Conversion Rate

Revechat.com defines lead conversion rate as –

“It is the percentage of people who come to your site and actually convert. Conversion rate tells whether you are efficiently generating new leads with your website.”

In other words, your conversion rate will show if you are successfully (or unsuccessfully) convincing prospects to contact you. The higher your conversion rate, the more people you’re convincing. The lower your conversion rate, the better your competitors are doing.

Improving your lead generation can be as simple as experimenting with different CTAs, changing up how your advertisements look, or posting different kinds of content to your website blog.

Content Marketing Performance

Source: Entrepreneur

Another key metric is being aware of how your content creation efforts are driving traffic and sales. The whole point of regular article publishing, email marketing, and social media management is to increase awareness and trust in prospects and clients.

By maintaining these three practices you are keeping your advertising dollars down and organic engagement numbers up. Let’s talk about how:

Blog writing: 

Your blog is the keystone of your website traffic. Writing perfect blog posts and publishing regularly on a schedule is how you attract new eyes to your website, and in turn your product or service.

You know this, but when was the last time you actually checked up on your articles’ metrics? By using Google Analytics or SEMrush, you can check on your lead generation rates, conversion rates, and more.

Another easy metric that falls under your content category is time on page. 

Monica Carol of Team Bonding NYC says:

“There’s a strong correlation between how much time users spend on the page and the quality of the lead.”

If your content is quality, users are more likely to stick around and read it, increasing the average time on page per user. With quality content comes quality leads!

Email marketing:

Good SEO practices aren’t the only way you’ve been sharing your content though. Through sites like Mailchimp and Constant Contact you’ve been growing your email lists and staying in front of your customers’ eyes.

Much like other SEO tools, successful email marketing services offer excellent metrics like open rates, conversion rates, and forwarding rates (not to mention what times your emails are the most successful).

By experimenting with different formats and timed releases, you can find what’s drawing the most leads and conversions through your email marketing efforts.

Social media marketing:

Social media marketing metrics are a little different than the last two. While success is defined by lead generation and conversions, social media is less instantaneous. Being plugged into your community is important, but sometimes there aren’t actual numbers (ROI) to prove it.

This isn’t to say you can’t measure your own version of success. Depending on the platform you’re using, things like follower count, post engagements (likes, comments, shares), and general opinion of your presence are a couple of ways to determine your success in social media.

Wrap up

Metrics for your lead generation efforts aren’t always easy to identify, but this list is a great place to start! What’s important to remember is you have to be able to piece small metrics into a larger picture. Lead generation comes with critical thinking and data analysis.

So use your noggin’ and be ready to switch it up when things aren’t going your way the first try. Happy generating!

Do you want to use some of the marketing strategies seen here on MIG’s site but need some help or advice? Marketing Insider Group has a team of 35+ experienced writers ready to produce content for YOUR business. Check out our weekly blog content service or schedule a free consultation.

The post Lead Generation Metrics You Should Be Aware Of appeared first on Marketing Insider Group.

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