Tag Archive for: ROI Digital Marketing Strategies

Evaluating ROI from Social Media Efforts

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Social media stands tall as a prominent marketing tool. When executed correctly, it can significantly influence your business trajectory. Here’s your guide to engaging your audience, fostering partnerships, staying informed, and sharing industry knowledge.

Recognizing the value of your social media efforts is paramount. By understanding your social media ROI (Return on Investment), you can capitalize on effective strategies and sidestep the ineffective ones. For anyone seeking to enhance brand recognition, social media is non-negotiable. Let’s dive deeper into measuring and optimizing your social media ROI.

Deciphering Social Media ROI

To optimize your social media ROI, it’s vital to comprehend its true essence. The formula is straightforward: (return – investment) / investment x 100 = Social Media ROI. A positive ROI indicates profitable campaigns, while a negative one suggests a deficit.

Bear in mind, that the purpose of calculating ROI varies across organizations. It’s aligned with your company’s specific goals, whether they involve acquiring new followers, enhancing click-through rates, boosting conversions, or gathering complete lead-generation data.

Crucial Metrics to Determine Social Media ROI

Your social media strategy is the backbone of your business. Without it, you’re just flailing around in the dark, hoping that things work out. Here are the metrics you should be monitoring:

Engagement: This involves monitoring interactions with your content. Indicators include clicks, likes, shares, and brand mentions. A significant portion of content creators use engagement to evaluate their content’s performance.

Reach: Quantifies the audience’s exposure to your content on social media. Though vital, it can be trickier to measure than engagement.

Leads: Determining the origins of your leads and the content that magnetizes them is essential. Link your campaigns to your undertakings for optimum ROI.

Conversions: Employ UTM parameters in your post links, allowing you to monitor clicks for every campaign and platform.

Effective implementation of these metrics steers your business towards a promising ROI.

Efficient ROI Tracking

After defining your objectives, it’s essential to establish an ROI tracking system. Numerous platforms can assist you, but Google Analytics stands out. By setting up goals and event tracking, you can effortlessly monitor your ROI. Being user-friendly, Google Analytics offers comprehensive guides on leveraging its capabilities. And here’s the cherry on top: Onimod Global is a proud Google partner. This partnership ensures top-tier online marketing strategies, underpinned by Google’s esteemed products.

As the role of social media in consumer behavior magnifies, marketers must adapt to its evolution. No matter what your ROI percentage is, there is always room for improvement. Some last key things to remember are:

  • Know Your Audience: Ensure your content resonates with them.
  • Innovate: Prioritize quality over quantity and craft captivating content.
  • Refine and Elevate: Upgrade your posts with fresh imagery, keywords, and headlines.

Final Thoughts

Our mission at Onimod Global is to synchronize your content marketing endeavors with tangible business outcomes. With our data-centric strategies, we offer insights into your audience’s preferences, your competition’s strengths, and potential industry leadership opportunities.

Stationed in Chicago, our in-house team is well-versed across multiple marketing verticals, ensuring we cater to all your needs. Our commitment to excellence, updated knowledge, and unmatched customer service sets us apart.

Contemplating your digital footprint? Need strategic guidance? Reach out to us today.

Which Digital Marketing Strategies Produce The Best ROI?

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At the end of the day, the main factor that matters most to businesses utilizing digital marketing is return on investment (ROI). There are several digital marketing strategies available, but some are geared towards short term ROI and quick sales while others are long term focused. SEO, SEM, content marketing, social media, and email marketing can all be beneficial digital strategies, but depending on the main goals of an organization some work better than others. This post will explore the different digital strategies, benefits, and which have the potential to produce the best long term ROI.

Search Engine Optimization (SEO)
Many businesses claim to have effective SEO strategies in place, yet are they sustainable? SEO is all about optimizing your website to increase organic search rankings and overall online visibility. This includes both on-page and off-page optimization factors. The ultimate purpose of SEO is to drive more traffic to an organization’s site, which hopefully results in increased sales. Some long term benefits of efficient SEO include:  sustainability of rankings, precise keyword targeting, brand credibility, flexibility, data is traceable, and it typically costs less than other digital strategies. If implemented and monitored correctly, SEO is clearly an efficient digital strategy that can boost ROI.

Search Engine Marketing (SEM)
Depending on the industry, SEM campaigns can be hit or miss. SEM is a digital strategy that allows organizations to rank ahead of their competition on search rankings through sponsored advertisements. It is typically associated with short term ROI and obtaining quick leads, but does have some long term implications. Google AdWords and Bing Ads are the clear front runners in the SEM world. AdWords is the more popular option among PPC marketers, but the quality of Bing Ads can’t be ignored. SEM offers some major benefits such as increased visibility, higher quality leads, precise targeting, development of audiences, and campaign data that can be tracked. Ultimately, SEM is a great digital strategy if done right, but it typically coincides better with organizations seeking short term ROI.

Content Marketing
The importance of content marketing can often times be overlooked by businesses. Content marketing is essentially the development of online content that provides value to visitors, and is typically created with intentions to drive traffic. It is an integral part to SEO and building long term online visibility. Some important benefits of content marketing according to Forbes include: reputation, building trust, conversion potential, cost effectiveness, and lasting value. At Onimod Global our content marketing strategy for clients is about quality and consistency. We develop content with the purpose of ranking for relevant search queries, increasing site traffic, and converting visitors to leads.

Social Media
Social media is an interesting digital strategy when it comes to ROI. Whether paid or organic, social media marketing is all about constructing an organization’s reputation through channels like Facebook, Twitter, Instagram, LinkedIn, etc. It can be difficult to derive ROI from organic social media marketing efforts, but don’t underestimate its value. Paid social media advertising on the other hand can produce ROI sometimes unmatched by other digital strategies. Benefits of social media marketing can include: ease of entry, development of target audiences, cost effectiveness, precise targeting, and massive potential for brand awareness exposure.

Email Marketing
Although Email marketing is one of the earliest digital strategies to come about, it has yet to disappear. There is a reason for this – it still produces ROI. According to Smart Insights, “67 percent of businesses list email marketing as their highest ROI online marketing strategy.” Email marketing strategies today typically consist of newsletters, promotional offers, and other ways to build subscriber lists. The superior benefits that email marketing offers according to Forbes are retaining previous customers, attracting new customers, pure ROI focus, traceable data, and overall simplicity compared to other digital strategies.

Contact Onimod Global
Is your business in need of superior digital marketing services to increase ROI? Reach out to us at Onimod Global and see what digital solutions we can provide for you!