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What’s the Most Beautiful Marketing Metric of Them All?

September 20, 2021 - Content Marketing - , ,
By: Fixate

Establishing metrics to quantify and guide your DevOps content marketing is essential to any business strategy. However, be sure to steer clear of marketing metrics that paint unrealistic pictures of campaign success.

Consider the following dialogue:

Queen of Marketing (QOM): “Mirror, mirror on the wall, is my metric the most beautiful metric of them all?”

Mirror: “Alas, my queen, there may be one prettier still. But, beware, the metric you seek could be a vanity metric.”

QOM: “Wait?…What? Aren’t there magical marketing metrics that are always related to the bottom line? Can’t you give me a metric that will never guide me wrong?”

Mirror: “Um…no.”

The truth is, any content marketing metric can become a vanity metric, depending on the relationship between what it measures and your business goals.

Yes, even our beloved share of voice (SOV) could steer you wrong if that metric is not connected to your business goals. Below are tips to help make sure that your SOV and numbers are worthy of influencing your strategy and decisions, rather than just reinforcing your already (possibly unreasonably) high opinion of your DevOps product and content marketing strategy.

Connect Your Influencer Content Marketing Strategy to Business Goals

Do you have a business strategy that includes measurable goals? Did you (or someone in your company) develop a content marketing and PR strategy to help achieve these goals?

If the answer is yes, then there is a good chance your metric is a keeper. If not, all is not lost. You don’t have to go back to the drawing board. Just make two columns. Even if you haven’t done a formal planning exercise, you quite possibly have both a business strategy and a marketing strategy. All you need to do to test it is to play a simple matching game.

Take a piece of paper, a blank screen, or even a napkin. Create two parallel columns. On the first half, write your current business goals as a list. There are probably only three or four goals, and they should be specific. Then, in the second half, write down your current DevOps content marketing strategy/plan as a bulleted list. This may be longer. The result might look like this:

Business Goals Content Marketing Strategy Activities
Increase revenue by x% Use influencer-generated content to increase social engagement (channel, a% increase)
Improve profit margin by y% Create blog posts to attract B type of customers
Grow users/customers by z% Create brand awareness via advertising on C channel

Next, connect your content marketing strategy list to your business goals list. Great! Now you have a shot at determining which metrics matter.

Create Measurable Objectives

You now can see which content marketing activities connect to your business goals. Next, take a look at these content marketing activities and figure out what number (if any) you are measuring to determine if a marketing activity supporting a goal (an objective) is working. If you haven’t already done so, just quickly assign some objectives that support each goal, and make sure each objective has something that marks success. This is probably a metric.

If any of your goals are related to branding or thought leadership, chances are HIGH that you will need to measure brand recognition. There are many ways to do this, including surveys and SOV. Of these, SOV is probably going to be the easiest to measure. It is a best practice to measure both.

Measure At Least Twice

So, if you don’t know where you are starting from, you can’t interpret your metrics. Do you know what your SOV is today? Great. Then measuring it again after a content marketing or PR campaign (which may be one and the same) will be valuable.

Did you decide to measure after entering a particular DevOps conversation, but forgot to measure it before? If you know your original SOV and only targeted one conversation to influence, and you measure your SOV again and it goes up, down or stays the same, then you can use the SOV metric to determine the success of that campaign.

However, a much stronger approach would be to measure your initial SOV for each conversation you plan to start or enter. Then, when you measure SOV again, you can determine which conversations are the strongest contributors to your SOV and ultimately figure out what contributes to the brand awareness and recognition.

Run Marketing Metric Experiments

How meaningful are your results? Test how predictive and meaningful they are by running experiments. Do you think one conversation resonates more with your target market? Extrapolate your campaign to deepen that market penetration. Here’s how:

  • Buy ads to promote successful content in front of more of your target audience.
  • Keep writing about topics related to successful conversations.
  • Introduce more information from a more persuasive source (not you, possibly a practitioner, or even a neutral information source).
  • Keep an eye on your SOV to assess each experiment.

Then, don’t forget to tie it back to your business objectives. If you need to increase revenue, did your revenue increase after you saw increased SOV? How much time did it take? Can it be repeated?

A likely relationship would be as follows:

As SOV increases, you see an uptick in click throughs, social shares, etc., followed by an increase in website visitors, followed by an increase in organic search, with ultimately an increase in leads and revenue.

What if brand recognition is going up, but leads and conversions are not? Many things could explain this result. Here are just a few possibilities:

  • Your product:
    • Doesn’t have what people want.
    • Is too expensive.
    • Doesn’t work very well.
    • Is hard to purchase.
  • Your buying cycle is longer than the timespan you measured.
  • It’s hard to contact someone about your product.
  • You are appealing to a market segment that can’t or won’t purchase your product.

If other metrics that should go up with SOV aren’t moving, then it’s time to do some digging to systematically address the above, and any other possible causes. Then, fix whatever needs fixing, adjust your assumptions, and try again.

The Takeaway

How meaningful are your results? Look at SOV as a leading indicator. That should tell you early on if you are addressing a topic area persuasively. However, SOV won’t stand alone forever.

You should see marketing objectives AND business objectives met if SOV is more than a vanity metric. If not, it’s time to do some investigating. These may not be the metrics you are looking for; that is, they may be vanity metrics.

If they are, abandon them. However, if SOV is a leading indicator and an impetus to discovering incorrect assumptions or problems with your DevOps product or other parts of your buyer’s journey, it just may be the most beautiful marketing metric of them all.

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This post was originally published in July 2017 and updated in August 2021.

 


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