Have you measured yours lately?
Some marketing performance metrics I woke up dreaming about this morning…
Revenue Ratios
- Response rate = Response volume / Exposure volume
- Sales volume = how many sales
- Average sales value = Total revenue / sales volume
- Average Purchase Cycle = Total time taken for all sales / Customers
Cost Ratios
- Cost Per Visitor = Advertisement Cost / Number of Visitors
- Cost Per Lead = Promotion Cost / Number of Leads
- Cost Per Opportunity = Opportunity Development Cost / Number of Opportunities
- Cost Per Acquisition = Promotion Cost / Number of Customers