...In online advertising, some KPIs include click-through rates, brand awareness and engagement. Drew Meyers, president of ad agency Gyro's San Francisco office, says the typical online marketing campaign these days usually has about five KPIs. However, it's not unusual for there to be more.
"There's a tendency toward a profusion of KPIs," he says, which leads to "an increase in noise versus an increase in intelligent analysis." Part of this is because online media and social media in particular are still so new that there are no real established metrics. Yet digital offers myriad ways to track a campaign's success. Until recently, the default metric was the click-through rate (CTR), which gave a clear indication of an ad's engagement. The staggering success of search advertising in the 2000s led to the rise of the CTR. After all, what better way to show that your ad worked?...
Time to rethink marketing KPIs.