Analyzing & Refining Internet Marketing Strategies

by Joe B on February 16, 2012

Once you have your internet marketing strategies in place, you need to find the best way to use all the techniques to get found online and generate new customers.

5 Steps for Analyzing & Refining Internet Marketing Strategies

  1. Implement an Analytics Program: In order to analyze, you need to have an analytics program in place.
  2. Identify Opportunities: Figure out what you want to improve. Get in the mindset of constantly looking for new opportunities.
  3. Set a Metric for Success: Your metric should be quantifiable and involve a set time frame.
  4. Refine: Analyze how your programs performed and make changes.
  5. Evaluate: Determine if you’ve met your success metric. Continue to monitor it to make sure the improvement has a long-term effect.

Metrics to Analyze

Before diving into how to improve them, let’s first discuss what the relevant metrics are. This is just a minimal list of what you should be monitoring.

  • Website Grade: How well optimized is your website overall?
  • Traffic: Overall, how many people are coming to your website?
  • Leads: How much of this traffic are you converting into leads (e.g. potential customers)?
  • Customers: How many sales did you close this month?
  • Customer Acquisition Cost: How much are you investing to draw in each new customer?
  • New vs. Repeat Visitors: Of your overall traffic, how many visitors are returning to your site, and how many new people are finding you?
  • Effectiveness by Channel: What promotional channels or referring sources are sending you the most traffic?
  • Traffic by Keywords: Which keywords are drawing in the most visitors to your site?

Steps for Improvement

The following are some elements of your website you can refine so you can reach your broader goals:

  • Keywords: Try new keywords or variations of keywords to see if they help you get found better.
  • On-Page SEO: See if changing a simple on-page factor can help boost visits.
  • Conversions: Try new things with your conversion forms or landing pages.
  • Content Strategy: Determine which content is generating the most traffic.
  • Social Media Promotions: Evaluate which social media channels are generating the most site visitors and leads.
  • Lead Nurturing: Maybe you’re sending emails too frequently — or not frequently enough.

The key is to alway keep experimenting and testing.

Get more information on Analyzing & Refining Internet Marketing Strategies as part of a successful internet marketing strategy from the Free ebook: Essential Guide to Internet Marketing. Download it today!
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