Description
Organisations are concern with the measurement of the success or otherwise of marketing activities. There may be annual targets ( sales, budget, expenditure budgets etc) against which performance can be measured on an ongoing basis. Alternatively, it may be decided to monitor how the market is responding to the marketing activity ( such as via electronic point of sales information) in order to give continuous feedback. Other important measurement might include monitoring output against the marketing plan and also measuring volume and / or growth of sales.
There are key ways in which marketing promotions can be measured to ensure that there is value for money, the cost of getting a new customer is a very good and a very easy step in assessing the impact of the advertisement, including return on investment of the amount use in conducting the advertisement. It is very important to get a good performance indicators to track the performance and success of you advertisement or promotion.
Modern technology have aided business to easily identify the success of our promotions such as google analytics which can give a vivid feedback on customers purchases and visits to websites as long as their location and frequency of visit to the website.
There is a good ways to measure and evaluate sales promotion, to ensure success of the promotion. Direct marketing and public relations can be effectively measure to ensure success of the promotion.
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everybody, managers, directors, businessmen, academia, CEO, Instructors, consultant, government officials,Leaders etc
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