{"id":137579,"date":"2022-01-05T11:27:07","date_gmt":"2022-01-05T16:27:07","guid":{"rendered":"https:\/\/ahrefs.com\/blog\/?p=137579"},"modified":"2023-05-11T05:55:43","modified_gmt":"2023-05-11T10:55:43","slug":"marketing-goals","status":"publish","type":"post","link":"https:\/\/ahrefs.com\/blog\/marketing-goals\/","title":{"rendered":"6 Strategic Marketing Goals and How to Measure Them"},"content":{"rendered":"\n<div class=\"intro-txt\">Marketing goals can be defined as broad, long-term outcomes that a company wants to achieve via marketing efforts.<\/div>\n\n\n\n<p>Setting clear marketing goals is important, as this can effectively focus your team on a shared vision. But the thing is, you need to choose your goals carefully. Otherwise, you may waste a lot of time on things that bring poor results or even undermine your past efforts.<\/p>\n\n\n\n<p>In this article, we\u2019ve curated a short list of strategic goals that are worth considering in any marketing strategy, along with some ideas on how you can measure them.<\/p>\n\n\n\n<div class=\"intro-tok\" id=\"intro_tok\" style=\"display:none;\"><div class=\"intro-title\">Contents<\/div><a href=\"#\" class=\"expand-dots\"><span><\/span><span><\/span><span><\/span><\/a><\/div>\n\n\n\n<div class=\"post-nav-link clearfix\" id=\"section1\"><a class=\"subhead-anchor\" data-tip=\"tooltip__copielink\" rel=\"#section1\"><svg width=\"19\" height=\"19\" viewBox=\"0 0 14 14\" style><g fill=\"none\" fill-rule=\"evenodd\"><path d=\"M0 0h14v14H0z\" \/><path d=\"M7.45 9.887l-1.62 1.621c-.92.92-2.418.92-3.338 0a2.364 2.364 0 0 1 0-3.339l1.62-1.62-1.273-1.272-1.62 1.62a4.161 4.161 0 1 0 5.885 5.884l1.62-1.62L7.45 9.886zM5.527 5.135L7.17 3.492c.92-.92 2.418-.92 3.339 0 .92.92.92 2.418 0 3.339L8.866 8.473l1.272 1.273 1.644-1.643A4.161 4.161 0 1 0 5.897 2.22L4.254 3.863l1.272 1.272zm-.66 3.998a.749.749 0 0 1 0-1.06l2.208-2.206a.749.749 0 1 1 1.06 1.06L5.928 9.133a.75.75 0 0 1-1.061 0z\" style \/><\/g><\/svg><\/a><div class=\"link-text\" data-anchor=\"1. Improve product satisfaction\" data-section=\"1-improve-product-satisfaction\">\n\n\n\n<h2 class=\"wp-block-heading\">1. Improve product satisfaction<\/h2>\n\n\n\n<\/div><\/div>\n\n\n\n<p>Any successful marketing needs to be founded on a good product that satisfies existing market demand. Otherwise, none of your marketing efforts will \u201cstick.\u201d Meaning, no matter how you promote the product, you will fail to convince your audience and build sustainable growth.<\/p>\n\n\n\n<p>Conversely, a product that users are willing to use, buy, and recommend to others will reinforce all marketing activities. In fact, a lot of successful companies have grown solely or mainly via word-of-mouth recommendations sparked by the remarkable value of their products (e.g., Whatsapp, Tesla).<\/p>\n\n\n\n<p>To set yourself on the right path of improving product satisfaction, you need to achieve <a href=\"https:\/\/ahrefs.com\/blog\/product-market-fit\/\">product-market fit<\/a>.<\/p>\n\n\n\n<p>Once you know you\u2019re in the right market with the right kind of product, you can start delighting your users with useful features and a great user experience. Keep in mind that even seemingly simple product improvements can go a long&nbsp;way.<\/p>\n\n\n\n<p>https:\/\/twitter.com\/timsoulo\/status\/1458975097067229191<\/p>\n\n\n\n<p>Here are some tried and tested tactics for improving product satisfaction:<\/p>\n<ul>\n<li>Reducing time to value. This can mean reducing wait time or adding convenient payment options or even offering self-service.<\/li>\n<li>Adding features frequently requested by&nbsp;users.<\/li>\n<li>Allowing prospects to experience the product before they buy. Helps to set the right expectations.<\/li>\n<li>Improving product UX.<\/li>\n<li>Improving product reliability.<\/li>\n<li>Listening and acting on feedback. Customer service is part of the experience.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">How to measure<\/h3>\n\n\n\n<p>You can measure product satisfaction in two ways: ask your users what they think or gather relevant data from product usage.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Surveys<\/h4>\n\n\n\n<p>In surveys, you should ask all kinds of questions that help you understand how well your product satisfies users\u2019 needs. You can also use tried and tested methods like the popular and uncomplicated Net Promoter Score (NPS) survey.<\/p>\n\n\n\n<p>This survey comprises just one question: \u201cHow likely are you to recommend [product] to a friend or colleague?\u201d The answers are given on a 10-point scale.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-137560\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/1-nps-scale.png\" alt=\"Scale from 1 to 10. Less than 6 are detractors. 7 and 8 are passives. 9 and 10 are promoters\" width=\"900\" height=\"480\" srcset=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/1-nps-scale.png 900w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/1-nps-scale-680x363.png 680w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/1-nps-scale-768x410.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\"><\/p>\n\n\n\n\n\n<p>You can find multiple tools online that will help you distribute the survey and calculate your NPS (e.g., Hotjar, Survicate).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Product engagement<\/h4>\n\n\n\n<p>If you\u2019re running an online service, consider measuring product satisfaction with product analysis tools (also called product intelligence tools) like Mixpanel or Amplitude. They work by gathering data from your users\u2019 in-app behavior and allowing you to analyze the data to gain insights from&nbsp;it.<\/p>\n\n\n\n<p>For example, by measuring how often your users reach out for particular features inside your product, you can see whether those features bring value or not. Then, you can discard unused features based on real data or conduct experiments (e.g., tweaking your features or making them more visible).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">User retention<\/h4>\n\n\n\n<p>User retention (or cohort retention) is a metric used for measuring the ability to keep customers over a specified period of&nbsp;time.<\/p>\n\n\n\n<p>If your customers go as quickly as they come, this is usually a huge red flag (with some exceptions, e.g., e-commerce). If you\u2019re not operating in a niche where a short usage period is natural, low user retention is a sign&nbsp;that:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Users don\u2019t find what you\u2019ve promised in your marketing communication.<\/li>\n<li>Your product delivers the promise, but your competitors do a better job.<\/li>\n<\/ol>\n\n\n\n<p>In these scenarios, it\u2019s likely you\u2019re wasting money and brand equity by providing something people are not willing to stay with. So you need to improve your product fast.<\/p>\n\n\n\n<p>That said, even if you have the best product on the market, the so-called customer churn (i.e., when customers stop using your product) is a natural phenomenon to some extent. The key here is to determine whether you have a <a href=\"https:\/\/mixpanel.com\/blog\/whats-a-good-retention-rate\/\">healthy retention rate<\/a>.<\/p>\n\n\n\n<div class=\"post-nav-link clearfix\" id=\"section1\"><a class=\"subhead-anchor\" data-tip=\"tooltip__copielink\" rel=\"#section1\"><svg width=\"19\" height=\"19\" viewBox=\"0 0 14 14\" style><g fill=\"none\" fill-rule=\"evenodd\"><path d=\"M0 0h14v14H0z\" \/><path d=\"M7.45 9.887l-1.62 1.621c-.92.92-2.418.92-3.338 0a2.364 2.364 0 0 1 0-3.339l1.62-1.62-1.273-1.272-1.62 1.62a4.161 4.161 0 1 0 5.885 5.884l1.62-1.62L7.45 9.886zM5.527 5.135L7.17 3.492c.92-.92 2.418-.92 3.339 0 .92.92.92 2.418 0 3.339L8.866 8.473l1.272 1.273 1.644-1.643A4.161 4.161 0 1 0 5.897 2.22L4.254 3.863l1.272 1.272zm-.66 3.998a.749.749 0 0 1 0-1.06l2.208-2.206a.749.749 0 1 1 1.06 1.06L5.928 9.133a.75.75 0 0 1-1.061 0z\" style \/><\/g><\/svg><\/a><div class=\"link-text\" data-anchor=\"2. Grow organic traffic\" data-section=\"2-grow-organic-traffic\">\n\n\n\n<h2 class=\"wp-block-heading\">2. Grow organic traffic<\/h2>\n\n\n\n<\/div><\/div>\n\n\n\n<p>Organic traffic, also called organic search traffic, refers to the visitors who come to your website via the non-paid search results from a search engine (e.g., Google, DuckDuckGo).<\/p>\n\n\n\n<p>To take advantage of the organic traffic potential from search engines, you need to publish content based on search demand and the business value of a particular topic (the so-called <a href=\"https:\/\/ahrefs.com\/seo\/seo-content\" data-ahr=\"https:\/\/ahrefs.com\/blog\/seo-content\/\">SEO content<\/a>).<\/p>\n\n\n\n<p>That way, whenever someone searches for a solution via a search engine, they will find your content and, consequently, your brand and product. But that\u2019s not the only benefit of SEO content:&nbsp;<\/p>\n\n\n\n\n\n<ul class=\"wp-block-list\">\n<li>SEO content can influence and even drive the entire <a href=\"https:\/\/ahrefs.com\/blog\/marketing-funnels\/\">marketing funnel<\/a>.<\/li>\n<li>Such content brings almost free, continuous traffic.<\/li>\n<li>Compounding effects. A blog post written years ago can get you traffic now and into the future as long as you rank&nbsp;high.<\/li>\n<li>How much your organic traffic grows depends more on content quality and creativity rather than budget.<\/li>\n<li>The flywheel effect: Content marketing done right can be a self-reinforcing mechanism that helps you get results more easily as you go&nbsp;along.<\/li>\n<\/ul>\n\n\n\n<p>Let me just add that this is not some hypothesis. At Ahrefs, we\u2019ve been systematically developing search engine optimized articles and videos, and the articles alone bring us approximately 635K organic visits every&nbsp;month.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-148649 size-full\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-blog-organic-traffic.png\" alt=\"Organic traffic to Ahrefs blog\" width=\"1760\" height=\"650\" srcset=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-blog-organic-traffic.png 1760w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-blog-organic-traffic-680x251.png 680w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-blog-organic-traffic-768x284.png 768w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-blog-organic-traffic-1536x567.png 1536w\" sizes=\"auto, (max-width: 1760px) 100vw, 1760px\"><\/p>\n\n\n\n\n\n<p>Here are some quick tips that can help you grow organic traffic:<\/p>\n<ul>\n<li>Analyze your <a href=\"https:\/\/ahrefs.com\/blog\/keyword-competitive-analysis\/\">competitors\u2019 keywords<\/a> to find topic&nbsp;ideas.<\/li>\n<li>Don\u2019t judge a keyword only on its popularity. Take into account <a href=\"https:\/\/ahrefs.com\/blog\/how-to-choose-keywords-for-seo\/\">keyword difficulty, the value of the traffic, and its traffic potential<\/a>.<\/li>\n<li>Set good technical <a href=\"https:\/\/ahrefs.com\/seo\/technical-seo\" data-ahr=\"https:\/\/ahrefs.com\/blog\/technical-seo\/\">SEO fundaments<\/a>. Technical issues can limit your ability to&nbsp;rank.<\/li>\n<li><a href=\"https:\/\/ahrefs.com\/blog\/republishing-content\/\">Refresh declining content<\/a>. Rankings tend to change, but you can update your content to&nbsp;adapt.<\/li>\n<li>Always optimize content for <a href=\"https:\/\/ahrefs.com\/blog\/search-intent\/\">search intent<\/a>. Google aims to serve the most relevant content in the search results.<\/li>\n<li><a href=\"https:\/\/ahrefs.com\/seo\/link-building\" data-ahr=\"https:\/\/ahrefs.com\/blog\/link-building\/\">Build links<\/a> to your content to increase chances for ranking. Backlinks are one of the most impactful ranking factors.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">How to measure<\/h3>\n\n\n\n<p>We can recommend two types of tools&nbsp;here.<\/p>\n\n\n\n<p>Firstly, measuring organic traffic is best done via <a href=\"https:\/\/ahrefs.com\/blog\/google-search-console\/\">Google Search Console<\/a> (GSC). This is a free tool that gives the most accurate organic traffic data. GSC will show you the number of clicks coming from Google Search, Discover, or News. It\u2019ll also show you the number of times your content has been displayed by Google (i.e., impressions):<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/3-google-search-console.png\" alt=\"GSC search results data of Ahrefs blog\"><\/figure>\n\n\n\n<p>While GSC does a great job of providing these simple metrics, it lacks features and data for comprehensive organic traffic analysis.<\/p>\n\n\n\n\n\n<p>This brings us to other types of tools: SEO tools that fill the gaps of GSC, such as the free <a href=\"https:\/\/ahrefs.com\/webmaster-tools\">Ahrefs Webmaster Tools<\/a>.<\/p>\n\n\n\n<p>For example, while GSC will show you up to 1K keywords and up to 1K backlinks inside the tool. <a href=\"https:\/\/ahrefs.com\/webmaster-tools\">Ahrefs Webmaster Tools<\/a> will show you that and many more data points without any limits.<\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-148650\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/organic-keywords-without-limits-ahrefs.jpg\" alt=\"AWT has no limits for displaying organic keywords.\" width=\"1778\" height=\"1560\" srcset=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/organic-keywords-without-limits-ahrefs.jpg 1778w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/organic-keywords-without-limits-ahrefs-484x425.jpg 484w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/organic-keywords-without-limits-ahrefs-768x674.jpg 768w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/organic-keywords-without-limits-ahrefs-1536x1348.jpg 1536w\" sizes=\"auto, (max-width: 1778px) 100vw, 1778px\"><\/p>\n\n\n\n<p>To sum up, you can use GSC for measuring organic traffic and other more advanced SEO tools for SEO analysis and finding growth opportunities.<\/p>\n\n\n\n<div class=\"further-reading\"><div class=\"reading-title\">Further reading<\/div><div class=\"reading-content\">\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/ahrefs.com\/seo\">SEO: The Complete Guide for Beginners (2021)<\/a><\/li>\n<li><a href=\"https:\/\/ahrefs.com\/blog\/content-marketing\/\">Content Marketing: A Comprehensive Guide for&nbsp;2021<\/a><\/li>\n<\/ul>\n\n\n\n<\/div><\/div>\n\n\n\n<div class=\"post-nav-link clearfix\" id=\"section1\"><a class=\"subhead-anchor\" data-tip=\"tooltip__copielink\" rel=\"#section1\"><svg width=\"19\" height=\"19\" viewBox=\"0 0 14 14\" style><g fill=\"none\" fill-rule=\"evenodd\"><path d=\"M0 0h14v14H0z\" \/><path d=\"M7.45 9.887l-1.62 1.621c-.92.92-2.418.92-3.338 0a2.364 2.364 0 0 1 0-3.339l1.62-1.62-1.273-1.272-1.62 1.62a4.161 4.161 0 1 0 5.885 5.884l1.62-1.62L7.45 9.886zM5.527 5.135L7.17 3.492c.92-.92 2.418-.92 3.339 0 .92.92.92 2.418 0 3.339L8.866 8.473l1.272 1.273 1.644-1.643A4.161 4.161 0 1 0 5.897 2.22L4.254 3.863l1.272 1.272zm-.66 3.998a.749.749 0 0 1 0-1.06l2.208-2.206a.749.749 0 1 1 1.06 1.06L5.928 9.133a.75.75 0 0 1-1.061 0z\" style \/><\/g><\/svg><\/a><div class=\"link-text\" data-anchor=\"3. Generate leads\" data-section=\"3-generate-leads\">\n\n\n\n<h2 class=\"wp-block-heading\">3. Generate leads<\/h2>\n\n\n\n<\/div><\/div>\n\n\n\n<p>To put things simply, the more leads you generate, the more revenue you make. This is because every lead is a potential customer. However, not every lead will become a customer, so you need a lot more leads to get your desired number of customers.<\/p>\n\n\n\n<p>A lead is anyone who has expressed interest in a product or service by sharing their contact information (e.g., email address) with a company in exchange for some kind of value (e.g., free ebook, free tool, weekly email newsletter with educational materials).<\/p>\n\n\n\n<p>More often than not, potential customers are not instantly ready to buy. This is especially when they have little or no acquaintance with your&nbsp;brand.<\/p>\n\n\n\n<p>When there is a lot of competition in the market, your potential customers are likely to do some research and compare you to others before they make a purchase. Moreover, if your product is complex and\/or expensive, people need to make sure the product will solve their problem or will be worth their money and effort.<\/p>\n\n\n\n<p>This is where lead generation comes in. When a person gives you their contact information, you gain an opportunity to contact them directly in the future. You can use that opportunity to \u201cnurture\u201d your relationship with them to a point where they are ready to&nbsp;buy.<\/p>\n\n\n\n<p>To generate leads, you will need three things:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Traffic<\/strong>&nbsp;\u2013&nbsp;In other words, visitors coming through your <a href=\"https:\/\/ahrefs.com\/blog\/marketing-channels\/\">marketing channels<\/a>.<\/li>\n<li><strong>Offer<\/strong>&nbsp;\u2013&nbsp;The value you are going to provide in exchange for contact information (e.g., free&nbsp;ebook).<\/li>\n<li><strong>Lead capture <\/strong>\u2013&nbsp;A form where people can submit their contact information (e.g., name, phone number, email address).<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/5-lead-generation-process.png\" alt=\"Infographic of lead generation process: traffic, offer, lead capture\"><\/figure>\n\n\n\n<p>With that principle in mind, try out some of the following lead-generation tactics:<\/p>\n<ul>\n<li>Create free&nbsp;tools.<\/li>\n<li>Offer free consultation.<\/li>\n<li>Offer premium content (e.g., ebooks, courses, white papers).<\/li>\n<li>Start a waiting list.<\/li>\n<li>Start a newsletter.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">How to measure<\/h3>\n\n\n\n<p>How you measure your lead generation depends on your offer. This can be the number of newsletter subscribers, trial sign-ups, app downloads, or whatever else you are planning to provide.<\/p>\n\n\n\n<p>The simplest way to measure incoming leads is via the same tool you use to capture your leads. For example, our email capture form uses Mailchimp\u2019s functionality. It\u2019s the same app we use to monitor the number of leads and send a weekly newsletter to people who signed up.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/6-lead-capture-form.png\" alt=\"Email lead capture form\"><\/figure>\n\n\n\n<p>You can also aggregate your data in business intelligence software like Google Data Studio or Klipfolio. Then view the data next to other important metrics for quick insights, such as the conversion rate from leads to customers.<\/p>\n\n\n\n<div class=\"further-reading\"><div class=\"reading-title\">Further reading<\/div><div class=\"reading-content\">\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/ahrefs.com\/blog\/lead-generation-tactics\/\">10 Lead Generation Tactics That Work (With Examples)<\/a><\/li>\n<li><a href=\"https:\/\/ahrefs.com\/blog\/lead-magnet\/\">17 Lead Magnet Examples + Tips on Topics &amp; Traffic Sources&nbsp;<\/a><\/li>\n<\/ul>\n\n\n\n<\/div><\/div>\n\n\n\n<div class=\"post-nav-link clearfix\" id=\"section1\"><a class=\"subhead-anchor\" data-tip=\"tooltip__copielink\" rel=\"#section1\"><svg width=\"19\" height=\"19\" viewBox=\"0 0 14 14\" style><g fill=\"none\" fill-rule=\"evenodd\"><path d=\"M0 0h14v14H0z\" \/><path d=\"M7.45 9.887l-1.62 1.621c-.92.92-2.418.92-3.338 0a2.364 2.364 0 0 1 0-3.339l1.62-1.62-1.273-1.272-1.62 1.62a4.161 4.161 0 1 0 5.885 5.884l1.62-1.62L7.45 9.886zM5.527 5.135L7.17 3.492c.92-.92 2.418-.92 3.339 0 .92.92.92 2.418 0 3.339L8.866 8.473l1.272 1.273 1.644-1.643A4.161 4.161 0 1 0 5.897 2.22L4.254 3.863l1.272 1.272zm-.66 3.998a.749.749 0 0 1 0-1.06l2.208-2.206a.749.749 0 1 1 1.06 1.06L5.928 9.133a.75.75 0 0 1-1.061 0z\" style \/><\/g><\/svg><\/a><div class=\"link-text\" data-anchor=\"Establish thought leadership\" data-section=\"4-establish-thought-leaadership\">\n\n\n\n<h2 class=\"wp-block-heading\">4. Establish thought leadership<\/h2>\n\n\n\n<\/div><\/div>\n\n\n\n<p>In marketing, thought leadership is demonstrating your brand has expertise in its area of business. Effective thought leadership creates a belief among your target audience that your solutions are the&nbsp;best.<\/p>\n\n\n\n<p>Through effective thought leadership, you become an authority in your industry\u2014that status reinforces every message you send out. And so, in the classic conundrum of whether the messenger is more important than the message, you can actually have&nbsp;both.<\/p>\n\n\n\n<p>The more sophisticated and technically oriented the market, the more thought leadership counts. A good example of this is the electric car market. Tesla is an undisputed thought leader in this area. That\u2019s why it <a href=\"https:\/\/www.caranddriver.com\/features\/g36278968\/best-selling-evs-of-2021\/\">surpasses sales<\/a> of other established car brands with larger advertising budgets. In fact, Tesla is famous for its anti-advertising attitude.<\/p>\n\n\n\n<p><\/p><blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We don\u2019t buy advertising<\/p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1122817103373881344?ref_src=twsrc%5Etfw\">April 29,&nbsp;2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n\n\n\n<p>When it comes to thought leadership, there is no silver bullet. But it seems that three key components come into&nbsp;play:<\/p>\n<ul>\n<li><strong>The message.<\/strong> Number 1 - provide value to your audience. Solve problems, and answer important questions. But it also helps to have a unique point of view that differentiates you. For example, you can try challenging the status quo in your&nbsp;niche.<\/li>\n<li><strong>The broadcast<\/strong>. Use various media to reach your audience, and publish consistently. Some ideas for this include: starting a blog, writing a book, speaking at industry events, pitching yourself as a guest on podcasts, and responding to journalist requests on platforms like <a href=\"https:\/\/www.helpareporter.com\/\">HARO<\/a>.<\/li>\n<li><strong>Renown.<\/strong> Winning prizes, being included in rankings, and appearing on prestigious shows or events. These things may not be required for success, but they help to make your voice heard and gain attention.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">How to measure<\/h3>\n\n\n\n<p>Measuring your progress in becoming a thought leader depends on where you share your ideas. Here, we\u2019ll show examples of two effective channels and their respective metrics.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Quality backlinks<\/h4>\n\n\n\n<p>A backlink is a link on one website that links to another website. Backlinks act as votes. Even Google thinks so, treating backlinks as one of the most important ranking factors.<\/p>\n\n\n\n<p>And so if you publish content that gets this kind of vote, you\u2019re on the right track of becoming an authority in your industry. This is because people are digitally voting for what you say, resulting in direct traffic from those pages and higher search engine rankings.<\/p>\n\n\n\n<p>To illustrate, one of the widely discussed subjects in the SEO community is building links through outreach. Our CMO, Tim Soulo, has joined the conversation with an article called <a href=\"https:\/\/ahrefs.com\/blog\/outreach\/\">I Just Deleted Your Outreach Email. And NO, I Don\u2019t Feel Sorry<\/a>, which explains how to do effective outreach that doesn\u2019t feel like&nbsp;spam.<\/p>\n\n\n\n<p>That article alone got over 2.5K backlinks (digital votes, in other&nbsp;words).<\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-148651\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-backlinks-report.png\" alt=\"Backlinks report in Ahrefs\" width=\"1287\" height=\"657\" srcset=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-backlinks-report.png 1287w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-backlinks-report-680x347.png 680w, https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2022\/01\/ahrefs-backlinks-report-768x392.png 768w\" sizes=\"auto, (max-width: 1287px) 100vw, 1287px\"><\/p>\n\n\n\n<p>And just a quick reminder\u2014sharing ideas through such articles brings customers:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/8-registartion-sources.png\" alt=\"Registration form reply from customer who said they found Ahrefs via Tim's content\"><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Speaking engagements<\/h4>\n\n\n\n<p>Speaking engagements come in different shapes and sizes. These can be either big industry events like BrightonSEO (with some 4K attendees) or more cozy settings with smaller audiences like podcast interviews.<\/p>\n\n\n\n<p>What they all have in common is getting attention from industry professionals and even industry authorities. So the more you speak at those events, the more likely you are to reach people with your ideas (and your name) and become an authority in your&nbsp;niche.<\/p>\n\n\n\n<p>With speaking engagements, you can put your name on the map, attract followers to your social media channels, and communicate with these followers directly later&nbsp;on.<\/p>\n\n\n\n<p>Once you have more budget, you can even up the ante by creating your own conference, especially if you want to popularize an original concept. That\u2019s what Hubspot has done with the term \u201cinbound marketing\u201d and its INBOUND event.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/9-inbound-conference.jpg\" alt=\"Speaker on stage at Hubspot's INBOUND event\"><\/figure>\n\n\n\n<div class=\"post-nav-link clearfix\" id=\"section1\"><a class=\"subhead-anchor\" data-tip=\"tooltip__copielink\" rel=\"#section1\"><svg width=\"19\" height=\"19\" viewBox=\"0 0 14 14\" style><g fill=\"none\" fill-rule=\"evenodd\"><path d=\"M0 0h14v14H0z\" \/><path d=\"M7.45 9.887l-1.62 1.621c-.92.92-2.418.92-3.338 0a2.364 2.364 0 0 1 0-3.339l1.62-1.62-1.273-1.272-1.62 1.62a4.161 4.161 0 1 0 5.885 5.884l1.62-1.62L7.45 9.886zM5.527 5.135L7.17 3.492c.92-.92 2.418-.92 3.339 0 .92.92.92 2.418 0 3.339L8.866 8.473l1.272 1.273 1.644-1.643A4.161 4.161 0 1 0 5.897 2.22L4.254 3.863l1.272 1.272zm-.66 3.998a.749.749 0 0 1 0-1.06l2.208-2.206a.749.749 0 1 1 1.06 1.06L5.928 9.133a.75.75 0 0 1-1.061 0z\" style \/><\/g><\/svg><\/a><div class=\"link-text\" data-anchor=\"5. Increase brand awareness\" data-section=\"5-increase-brand-awareness\">\n\n\n\n<h2 class=\"wp-block-heading\">5. Increase brand awareness<\/h2>\n\n\n\n<\/div><\/div>\n\n\n\n<p>A brand is a central concept in marketing, and it\u2019s been this way for decades. This is because brands have powerful effects on consumers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A brand makes recognizing the product as easy as remembering the word or the shape of a&nbsp;logo.<\/li>\n<li>A brand evokes associations with positive experiences.<\/li>\n<li>A brand allows for rationalizing the cost of the product.<\/li>\n<\/ul>\n\n\n\n<p>Building brand awareness increases the odds of consumers associating your brand or product with a specific need.<\/p>\n\n\n\n<p>Just think about it. Starbucks is one of the most valuable brands in the world. For millions of people, Starbucks is the synonym of coffee. So essentially, it isn\u2019t an exaggeration to say its business relies on a mental association between a logo and a need for coffee. That\u2019s how powerful brand awareness is.<\/p>\n\n\n\n<p>And the amazing part is, however absurd this may sound, the Starbucks logo has nothing to do with coffee. Starbucks has even dropped the word \u201ccoffee\u201d from the&nbsp;logo.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/10-starbucks-logo-evolution.jpg\" alt=\"Pics of Starbucks logos from 1971 to 2011 \"><\/figure>\n\n\n\n<p>To <a href=\"https:\/\/ahrefs.com\/blog\/increase-brand-awareness\/\">increase awareness of your brand<\/a>, you&nbsp;can:<\/p>\n<ul>\n<li>Engage in sponsorships. You can sponsor local events, industry conferences, or influential content creators in your&nbsp;niche.<\/li>\n<li>Run brand awareness ad campaigns.<\/li>\n<li>Increase <a href=\"https:\/\/ahrefs.com\/blog\/share-of-voice\/\">share of voice<\/a> in search results.<\/li>\n<li>Work with <a href=\"https:\/\/ahrefs.com\/blog\/influencer-marketing\/\">influencers<\/a>.<\/li>\n<li>Do <a href=\"https:\/\/ahrefs.com\/blog\/digital-pr\/\">PR<\/a>.<\/li>\n<li>Last but not least, create a superior product\/service and let <a href=\"https:\/\/ahrefs.com\/blog\/word-of-mouth-marketing\/\">word of mouth<\/a> do the&nbsp;work.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">How to measure<\/h3>\n\n\n\n<p>Measuring brand awareness is the domain of specialized research companies. A common method for measuring it is through surveys. However, this option has its flaws: It\u2019s expensive and time-consuming.<\/p>\n\n\n\n<p>Alternatively, you can gauge the overall trend of your brand awareness yourself using online tools. The only caveat is this method will give more accurate estimations for online businesses than the predominantly offline ones.<\/p>\n\n\n\n<p>You can also use a keyword research tool to discover the search volume of your brand name. The reason is this: If your brand awareness increases, more people will want to buy from you and look up your brand on the&nbsp;web.<\/p>\n\n\n\n<p>For example, if you use Ahrefs\u2019 <a href=\"https:\/\/ahrefs.com\/keywords-explorer\">Keywords Explorer<\/a>, you can just plug in your brand name and instantly get:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The number of estimated monthly searches for a specific country (and globally).<\/li>\n<li>A graph of monthly searches plotted in time that offers quick insights into trends.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/11-twilio-search-volume.png\" alt=\"Keywords Explorer overview of they keyword &quot;Twilio&quot;\"><\/figure>\n\n\n\n<p>You can also easily measure your performance against your competitors\u2019 (technically, this kind of comparison is called measuring the <a href=\"https:\/\/ahrefs.com\/blog\/share-of-voice\/\">share of voice<\/a>).<\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/12-twilio-competitors-search-volume.png\" alt=\"List of keywords and other data for Twilio and its competitors\"><\/p>\n\n\n\n<p>If you\u2019re not an Ahrefs user or just need a point of reference without the search volume data, you can use Google Trends to gauge interest in branded queries.<\/p>\n\n\n\n<div class=\"post-nav-link clearfix\" id=\"section1\"><a class=\"subhead-anchor\" data-tip=\"tooltip__copielink\" rel=\"#section1\"><svg width=\"19\" height=\"19\" viewBox=\"0 0 14 14\" style><g fill=\"none\" fill-rule=\"evenodd\"><path d=\"M0 0h14v14H0z\" \/><path d=\"M7.45 9.887l-1.62 1.621c-.92.92-2.418.92-3.338 0a2.364 2.364 0 0 1 0-3.339l1.62-1.62-1.273-1.272-1.62 1.62a4.161 4.161 0 1 0 5.885 5.884l1.62-1.62L7.45 9.886zM5.527 5.135L7.17 3.492c.92-.92 2.418-.92 3.339 0 .92.92.92 2.418 0 3.339L8.866 8.473l1.272 1.273 1.644-1.643A4.161 4.161 0 1 0 5.897 2.22L4.254 3.863l1.272 1.272zm-.66 3.998a.749.749 0 0 1 0-1.06l2.208-2.206a.749.749 0 1 1 1.06 1.06L5.928 9.133a.75.75 0 0 1-1.061 0z\" style \/><\/g><\/svg><\/a><div class=\"link-text\" data-anchor=\"6. Increase revenue\" data-section=\"6-increase-revenue\">\n\n\n\n<h2 class=\"wp-block-heading\">6. Increase revenue<\/h2>\n\n\n\n<\/div><\/div>\n\n\n\n<p>So far, we\u2019ve discussed rather indirect ways to increase revenue. Now, we\u2019ll discuss three ideas for increasing revenue directly.<\/p>\n\n\n\n<p><strong>The first way <\/strong>is revising your pricing. If you have solid reasons for thinking you\u2019re not charging enough for the value you provide, you can try to increase prices. Even a <a href=\"https:\/\/www.mckinsey.com\/business-functions\/marketing-and-sales\/our-insights\/the-power-of-pricing\">price increase<\/a> of a few percent can result in significant returns if multiplied by hundreds or even thousands of new customers. Word of advice: A good practice here is to keep the original price for any existing customers.<\/p>\n\n\n\n<p>A seemingly counterintuitive way (also quite risky) to increase your profits is through lowering prices (e.g., <a href=\"https:\/\/www.investopedia.com\/terms\/p\/penetration-pricing.asp\">penetration pricing<\/a>, <a href=\"https:\/\/www.investopedia.com\/terms\/l\/lossleader.asp\">loss leader strategy<\/a>). This can lower the barrier enough for the arrival of new customers (you can even win your competitors\u2019 customers this&nbsp;way).<\/p>\n\n\n\n<p><strong>Recommended reading:<\/strong> <em><a href=\"https:\/\/cxl.com\/blog\/increase-saas-prices\/\">How to Increase SaaS Prices the Right (and Profitable) Way<\/a><\/em><\/p>\n\n\n\n<p><strong>The second way <\/strong>is adding new services and\/or products. For instance, a dog food brand decides to expand its assortment by offering dog accessories like toys, dog care products, or beddings. It can even create special product bundles and call it \u201cnew dog owner essentials.\u201d<\/p>\n\n\n\n<p><strong>The third way <\/strong>is cross-selling and upselling. Cross-selling means suggesting other products in addition to the chosen product. Upselling suggests a more expensive version of the chosen product.<\/p>\n\n\n\n<p>Let\u2019s learn from the best here. When you\u2019re shopping for a new iMac, you will first see a standard price for the product:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/13-standard-price-imac.png\" alt=\"Standard price and other details for iMac\"><\/figure>\n\n\n\n<p>Then you will be offered an array of upsell options:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/14-imac-upselling.png\" alt=\"Pic of iMac with upgrade options for memory and storage next to it\"><\/figure>\n\n\n\n<p>Followed by an even wider array of cross-selling suggestions:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ahrefs.com\/blog\/wp-content\/uploads\/2021\/12\/15-imac-cross-selling.png\" alt=\"Other add-ons for the iMac, e.g., AppleCare\"><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">How to measure<\/h3>\n\n\n\n<p>The easiest way to measure revenue is to measure the number and the value of sales. But a lot of companies also need to measure recurring revenue from subscriptions, the revenue growth rate, and the value of each new customer.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Recurring revenue<\/h4>\n\n\n\n<p>Monthly recurring revenue (MRR) measures how much you\u2019re earning each month through recurring contracts (i.e., subscriptions).<\/p>\n\n\n\n<p>MRR = number of subscribers on a monthly plan * average revenue per&nbsp;user<\/p>\n\n\n\n<p>For annual plans, you have to divide the plan price by 12 and then multiply by the number of customers on that&nbsp;plan.<\/p>\n\n\n\n<p>For example: If you have 700 customers on a $9 per month plan and 100 customers on a $97 yearly plan, your MRR will&nbsp;be:<\/p>\n\n\n\n<p>(700 x $9) + ($97\/12 x 100) = $7,108 MRR<\/p>\n\n\n\n<p>If you want to track annual recurring revenue (ARR) as well, all you need to do is multiply MRR by&nbsp;12.<\/p>\n\n\n\n<p>In our example, that&nbsp;is:<\/p>\n\n\n\n<p>$7,108*12 = $85,296 ARR<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Revenue growth rate<\/h4>\n\n\n\n<p>Revenue growth rate measures the month-over-month percentage increase in revenue. This metric is an indicator of how quickly your company is growing.<\/p>\n\n\n\n<p>You can measure the revenue growth rate for any period you need: weeks, months, or&nbsp;years.<\/p>\n\n\n\n<p>Let\u2019s say you want to measure the annual growth rate compared to the previous year. The formula for that will&nbsp;be:<\/p>\n\n\n\n<p>(revenue year 2 - revenue year 1) \/ revenue year 1 x 100 = revenue growth rate&nbsp;(%)<\/p>\n\n\n\n<p>In our example, that&nbsp;is:<\/p>\n\n\n\n<p>($170,592 - $85,296) \/ $85,296 x 100 = 100% revenue growth rate<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Customer lifetime value<\/h4>\n\n\n\n<p>Customer lifetime value (CLV) is the total worth of a customer to a business over the whole period of their relationship. CLV can also be used as a predictive metric of how much revenue each new customer will bring on average.<\/p>\n\n\n\n<p>There are multiple models of calculating CLV. Without going into too much detail about each alternative, here\u2019s a fairly simple formula to calculate CLV:<\/p>\n\n\n\n<p>customer lifetime value = average order value x purchase frequency rate x average customer lifetime<\/p>\n\n\n\n<p>Where:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Average order value is your total revenue divided by the number of purchases.<\/li>\n<li>Purchase frequency rate is the total number of purchases divided by the number of customers.<\/li>\n<li>Average customer lifetime is the number of days between the first and last purchase date, divided by&nbsp;365.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Final thoughts<\/h2>\n\n\n\n<p>Marketing goals, by nature, are usually grand and ambitious. Hence, they can be quite intimidating.<\/p>\n\n\n\n<p>But no worries. You can overcome that problem by setting achievable goals and breaking your overarching goal into smaller bits. You can see how it\u2019s done in practice using SEO goals as an example in the below article:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/ahrefs.com\/blog\/seo-goals\/\">How to Set the Right SEO Goals With 3 Examples<\/a><\/li>\n<\/ul>\n\n\n\n<p>Got questions? Ping me <a href=\"https:\/\/twitter.com\/m_makosiewicz\">on Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Setting clear marketing goals is important, as this can effectively focus your team on a shared vision. But the thing is, you need to choose your goals carefully. Otherwise, you may waste a lot of time on things that bring<span class=\"ellipsis\">\u2026<\/span><\/p>\n<div class=\"read-more\">Read more \u203a<\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":159,"featured_media":137609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[390],"tags":[],"coauthors":[412],"class_list":["post-137579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketing","odd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 Strategic Marketing Goals and How to Measure Them<\/title>\n<meta name=\"description\" content=\"Marketing goals can effectively focus your team on a shared vision. 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