Evaluating the Effectiveness of Advertising

I am often asked, “How do I know if my advertising is working?” My response is, “Ask your customers.”

In my business, we track each new contact carefully. Each time we receive a phone call, we write down:

  1. the caller’s name and town
  2. the date they called
  3. the company they are with
  4. how they heard about us
  5. what service they are inquiring about
  6. whether or not we were hired

From this information we can evaluate the effectiveness of our advertising. What’s working? What’s not working? We have tracked changes in response rates after making layout changes, content revisions, and website modifications. We’ve learned which media outlets and messages work best for the different services we offer.

Times will change. New customers will move in and out of our market and our competition will change too. To stay competitive we will need to continue asking and recording, analyzing and revising.

While it takes persistence and commitment, by regularly tracking your customers’ comments, you will compile data that you simply wouldn’t have had without asking. You may have a feeling about what advertising is working best for you, but by asking specific questions and tracking those responses you will have solid data.

End of Year Marketing Tip #1

If your business is not retail, there’s a good chance that activity will slow down during the holidays. You could put your feet up and relax, or you could begin developing your marketing strategy for 2011. I vote for the latter.

With 2010 still fresh in your mind, think carefully about what worked and didn’t work for you this year. What marketing efforts should you discontinue and what strategy should you expand on? Formalize your objectives by writing them down. Are there organizations you’ve been meaning to contact? Did you want to start a mailing list? How about your website – does it need work?

How you plan to accomplish your objectives is as important as defining them, so follow through by making plans and setting deadlines. Get out your 2011 calendar and be specific. You are more likely to follow through on your plans if your goals are clearly stated and include deadlines.