What Marketing Metrics Should You Be Tracking?
1. Marketing qualified leads A qualified lead is a possible customer who matches a seller's ideal customer profile even though they have not contacted the company. Each business has its definition of qualified leads. However, the primary meaning is the person who is most likely to purchase your products or services. Qualified leads are essential as they are most likely to pull the trigger and buy your goods and services. Marketing campaigns identify a lot of leads but are unable to qualify the majority. Therefore, it is essential to keep track of your leads. 2. Customer acquisition cost Customer acquisition cost is money you spend convincing the average customer to buy a product or service. To determine how much profit you made from the marketing strategy, compare the average sale to the customer acquisition cost. If the sales are lesser than the amount spent, your marketing strategy might not be working. 3. Time spent on the si...