Metrics for Marketing - Page 2

If these elements are prevalent on a firm’s website, it makes a strong case that they understand the fundamentals of a knowledge-based sale.

If you spend some time surfing the websites of legal, accounting, management consulting, private equity, and architectural firms, you would find that the majority of them lack the elements we have stated above. They are not commonplace for professional service websites.

Current, interactive, and well-written content is difficult to produce. These elements would not appear on a website haphazardly, or by mere chance. They demand dedication, conviction, and significant marketing department resources to ensure that the end product is engaging and knowledge-rich. To produce up-to-date case studies and whitepapers, continual pressure must be placed on the firm’s professionals to document their experience and work. Producing finished products from the collected data is a subsequent challenge, and accomplishment, as well.

Their presence on the website reveals the underlying marketing ideology that motivated the firm, and the adversity that was persevered in its development. They know that knowledge transfer needs to take place, and they take the necessary steps to make it happen.

Now that we have identified different factors that prove the competence of the marketing department, how can the contributions be quantified?

It can be derived in a number of ways. For example, this could include webanalytic data (the number of downloads, page views, online inquiries, content group analysis, etc.), used in conjuncture with prospect conversations and feedback during the sales cycle.

In a future post, I will elaborate further on effective metrics and methods to gauge the impact of content on the website. But, for now, I hope that we have laid the foundation of how the website can prove to be a viable contribution of the marketing department.

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Article Author: Grant L. Aldrich

Grant Aldrich is the editor of the Professional Services Marketing blog. He has 6 years of internet marketing experience, and is Director of Client Services for Leadtank, Inc. A company that specializes in Internet Lead Generation.

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Article comments

  • 1 - Doug Hudiburg

    Feb 17, 2007 at 4:26 pm

    I've worked with a few coaches and consultants and I've come to the conclusion that it is a mistake to classify professional services as different from products when it comes to metrics.

    I just created a Top 10 Internet Marketing Metrics list from my own experience. This list applies to marketing products as well as services, when the marketing is being done online.

    I'd be curious to see what you think?

  • 2 - Grant Aldrich

    Feb 20, 2007 at 5:04 pm

    Hi Doug,

    Ive looked over your Marketing metrics list and it seems very functional for a product based website.

    For professinol services though(legal, accounting, etc.), I dont think they apply as well. It is difficult to simply have a metric like "Profit per visitor", for a firm with a complex service. Companies dont purchase legal services directly on the website. They utilize the website of a professional service firm to learn more about solutions to their problems, the service lines of the firm, or past success stories with companies similar to their own.

    So, product metrics become poor indicators of the success of for the website. The site might not have any 'profit' figures, but there might be 4,000 case study downloads in a given month.

    For a knowledge-based practice, that is a success.

    Look forward to hearing your thoughts.

    Grant

    A metr

  • 3 - Grant Aldrich

    Feb 20, 2007 at 5:07 pm

    You will have to excuse my spelling errors above! Looks like I need to invest in a spell-checker...

    Grant

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