What is ROI?
ROI or Return on Investment is a simple formula to calculate the amount spent on a particular service and the return value to a business under the influence of its application.
Return on Investment = Gains from investment – Cost of Investment X 100
Cost of investment
What is content marketing ROI?
Content marketing ROI is a percentage that represents the amount of revenue gained from content marketing in comparison to the amount spent on distributing content.
Importance of Content marketing
“Content is king”, this is a famous quote which emphasizes the importance of content marketing as a key to enhance business performance. Content is absolutely essential, it’s not just a bunch of words to improve the search ranking of a post, it is everything unlike videos or podcasts that communicates a specific message to a group of audience.
The marketing channels dependent on content are social media marketing, email marketing, forum marketing, native advertising and traditional marketing. When we refer to content marketing, we’re talking about marketing strategies that revolve around your unique, relevant, and valuable content.
Hence, the content of your business will have an equal impact on your business’s ROI (Return on Investment)
How to improve the impact of content marketing on ROI
Content marketing return on investment (ROI) is the critical number that gives you a clue regarding the efficiency of your campaigns. Using the following tips, measure your ROI more efficiently and improve the results of marketing channel:
Define the Customer Path
The customer path from first contact to final purchase needs to be carefully mapped. It is not necessary that the data will come straightforward from one marketing channel to your website or point of sale. It can involve some bouncing from social media accounts to google ads before landing on your webpage. Studying each touchpoint of a customer can help you to optimize your content to make the path of customer more efficient and quicker towards the final purchase.
Clear audience personas
A collection of audience profiles is a great tool at your advantage while drafting a content. The target audience can help making the content more impactful and resourceful for the brand to reach. Define the gender, marital status, living situation, household income, occupation, hobbies, and personality qualities of your targeted audience.
Repurpose Content Across Multiple Channels
A content must not only increase the conversion, but it also should stretch across various platforms so that it finally decreases the price of each piece of it. Stretch your investment by actively repurposing as much content as you can. Use the information from an article to craft various other contents like small tweets, infographic posters or small posts. The greater number of contents generated from a well written piece, can help reduce the investment.
Correct analysis of Influencer ROI
Map the correct engagement and conversions that are happening as a result of influencer content. Check the count of new visitors driven by the influencer link and if it is actually increasing your sales. The right strategy can help you calculate the ROI efficiently and gather the information to optimize the content creation and reduce the cost of investment over the conversions.
Content Cost and Usage
Each piece of content written comes at a cost, if not published it will add up to reduce your ROI. Generating content randomly without properly targeting the audience can lead to a waste of resources over content marketing. You must work to create a carefully focused content timeline with purposeful pieces that will fit neatly in your marketing efforts, so you’re using all of your generated content and never wasting funds on unnecessary pieces.
The importance of content marketing in increasing your sales via digital presence has been stated above. The tips let you know the methods to increase the ROI from content marketing. We a Global Info cloud are a panel of digital marketing team, who will provide you with the best content with higher ROI.