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04/09/2023 © THESE DAYS – The Brand Interaction Company
A RACE TO THE BOTTOMTHESE DAYS > ONLINE CONVERSION MANAGER > BRUNO DILLEN
04/09/2023 © THESE DAYS – The Brand Interaction Company
TIP 1
While it may seem obvious that there is a big difference between qualified and non-qualified traffic, we see –time and time again- campaigns and websites being judged mainly on total volume.
Make sure you’re not blinded by a single metric!
04/09/2023 © THESE DAYS – The Brand Interaction Company
Cost/conv target €25
Yearly growth target 5%
04/09/2023 © THESE DAYS – The Brand Interaction Company
# conversions Total cost Cost per conversion
Lada 60 €600 €10
Ferrari 36 €1800 €50
totaal 96 €2400 €25
# conversions Total cost Cost per conversionLada 65 €650 €10
Ferrari 36 €1872 €52
totaal 101 €2400 €25
Y0
Y1
# conversions Total cost Cost per conversion
Lada 83 €996 €12
Ferrari 36 €1980 €55
totaal 119 €2976 €25
Y2
04/09/2023 © THESE DAYS – The Brand Interaction Company
TIP 2
Everything can be measured with AdWords, so make sure you measure everything. All KPI’s should be monitored on a level as deep as possible (matched search query) in order to analyse and optimise. Add other data (such as multi-channel funnels) to the equation as well.
After a monthly or quarterly review, don’t forget to re-evaluate all parameters.
04/09/2023 © THESE DAYS – The Brand Interaction Company
TIP 3
Don’t ever be impressed by any data or results you are shown. Keep asking, keep digging for anything that might be relevant.
Otherwise you might have been sold “12 000$” worth of Facebook fans which were bought for 5$. This goes for other services like linkbuilding and viral video’s, as well.
04/09/2023 © THESE DAYS – The Brand Interaction Company
When times are bad, we react rather than act. Keep on running.
When times are bad, we sit back and relax from all the running.
04/09/2023 © THESE DAYS – The Brand Interaction Company
When times are bad, we should relax and give ourselves the time to think.
When times are good, we should turn the volume up to 11. Scale what’s great.
04/09/2023 © THESE DAYS – The Brand Interaction Company
TIP 4
Management by numbers can lead to being a reactionary rather than “actionary” organisation. Set goals but don’t write them in stone. Dare to exceed (and sometimes miss) targets.
04/09/2023 © THESE DAYS – The Brand Interaction Company
KEY TAKEAWAYS
1. Always distrust data you see and especially data you are presented with.2. Understand the full process behind every single one of your metrics. Build targets bottom-up to reach company-wide goals.3. Decide on a few KPI’s which you monitor on a day-to-day basis and re-evaluate these at least quarterly.4. Don’t manage by numbers because people will actually do anything to reach the goals you’ve set.