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I had the opportunity to attend a Google Business webinar last week hosted by Avinash Kaushik. The topic was outcome driven digital marketing. Avinash divided web marketing skill sets into three stages.
Cute Toddler: When web marketers are in this stage they are focused on cost; tracking things like clicks and impressions to figure out the cost per conversion/acquisition. At this level, tracking is implemented like Google Analytics but is only used to see the basics like traffic volume, most visited pages, bounce rates, and conversions.
Rockin’ Teenager: As your web marketing skills grow and develop, you start to focus on revenue instead of just cost. If your site has e-Commerce, this is especially important. At this stage you’re also probably using Pay-Per-Click advertising. Creating advanced segments in Google Analytics will start painting a clearer picture of how your visitors interact with the conversion path. Also, linking your analytics with you Adwords (or other PPC) account allows you to start looking at not only cost-per-click, but revenue-per-click. You can now factor in cost of goods sold to find net profit.
Ninja: After mastering the skills above, you are now in the ninja stage. You understand analytics and know how to calculate revenue but now you’re onto something much bigger…value. Ninjas hunt for what’s beyond the basics and try to unite web marketing with total marketing efforts. In addition to major conversion points like purchases, ninjas track customer value by tracking minor conversions like email submissions, catalog requests, loyalty programs, and social media. Using data gathered from the web and from traditional marketing, ninjas can estimate not only cost and revenue per acquisition/conversion but total value to the company.
My Thoughts: I was extremely pleased to learn that our Web Marketing team here at Beacon is packed with skilled ninjas. We become partners with each and every client in order to reach the most sophisticated level of understanding and achieve powerful results. If you want the best in Web Marketing, hire the ninjas!