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Aloha,
As belts tighten across the country, we have specifically crafted our marketing efforts this year toward advertising that forces measurable results for us. To enjoy the offered premium, our print ads state, "bring this ad for..." or something similar. Our direct mail pieces will do the same. Each mailing has a 'code' in the bottom corner, allowing us to track the results of each individual campaign. By using measurable results, we can easily identify which campaigns delivered the best for us vs. the overall cost of the campaign. In the end, it's all about acknowledging that advertising isn't just an expense; it's in investment in my company's future. Last edited by stoho : 03-27-2008 at 04:41 AM. Reason: edited for spelling... |
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We keep record of every person who inquires about a storage space. When the customer calls we always ask how they heard about us. Also, when the customer rents we have them fill out a form that requires they put how they heard about us.
At the end of each month we create a report showing how many inquires we got from each source and how many we converted per source and overall. We know how much we are spending per source so we can track our cost per inquiry and cost per rental. |
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Ricky- do you also compute revenue per source upon move out?
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Agreed. ROI I think is the only measure that really counts. Other than branding advertising a marketing campaign has to show a positive ROI to bear repeating.
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