Category: Martech

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Understanding the Difference Between Popular Platforms for Business

Over the years, modern marketing techniques have evolved to provide businesses with a more efficient and effective approach to build and promote their brands. Since modern marketing relies on data, the use of platforms such as Customer Data Platform (CDP) and Data Management Platforms (DMP) are on the rise.

Unfortunately, many businesses and marketers aren’t familiar with these platforms yet. Here is a brief guide to help you understand the differences between popular platforms.

Customer Data Platform

In the past 12 months, the CDP landscape has exploded, with over 100 sellers claiming to provide customer data platforms. However, to find the right solution for your business, you need to know what a DP is and what it does.

So what is CDP and how does it help small businesses?

A CDP is a form of technology used to understand your company’s client base and scale personalized experiences on various service, sales, and marketing channels. First, it collects data from first-party and 3rd party data sources, real-time interactions, and customer identities.

Second, it stitches this data together and removes any duplicates to create a single, persistent history of every client. CDP also empowers small businesses and marketers using a user-friendly interface to segment audiences, analyze customers, and project future actions.

Lastly, it allows businesses to automate the orchestration of one-on-one personalized marketing campaigns on several commerce, customer experience, and marketing channels.

The main difference between CDPs and other platforms, such as the customer relationship management platform (CRM), is that it can ingest huge volumes of data by connecting to all types and sources of customer data. Hence, your small business can form a much more comprehensive view to understand your audience better and act accordingly.

Data Management Platform (DMP)

Most people confuse CDPs with DMPs. But, DMPs plan and manage advertisements on third-party websites and enable retargeting using site cookies. A DMP focuses more on anonymous categories and customers, while CDPs focuses on creating single profiles for each customer.

A CDP also creates a persistent client profile and stores the data to create a single record, which can’t be accomplished by DMPs.

Customer Relation Management Platform (CRM)

A CRM is a service and sales tool that logs direct interaction with clients. This includes:

• Price quote

• Customer complaint

• Customer questions

It also updates client information such as phone, email, and name. Although both CDP and CRM collect consumer data, a CRM can only track a client’s intentional interactions with your business via manual entry. Additionally, CDPs can track both online and offline data, while CRMs can only track online data.

Digital Event Distribution Platform DED

IT organizations use DED for the transmission of data from one technology to another. For example, when new content is created, you can use DED to trigger the content from your content management system to another management system.

The main difference between DEDs and CDPs is that DEDs have a little marketing feel. Therefore, a marketer has to rely on the IT department, which makes the process of ideation to execution slow. In contrast, CDP makes customer data quickly accessible and actionable, increasing internal marketing processes.

Multichannel Marketing Hub Platform (MMH)

MMH, also known as marketing clouds, is used in the management and delivery of marketing campaigns through push, text, social, and email channels.

So, in conclusion, what makes CDP different from other systems? CDP is a packaged system that creates a unified, persistent client database and can ingest all types of data sources while being marketer-centric.

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How 2020 Became a Landmark Year for Online Learning

In recent years, technology has begun playing a large role in everyday life. Everything from communication to fitness classes to shopping has moved online. Up until now, education has been an exception to this technological shift. However, the climate of 2020 is leading to a big change in the way we look at educational technology and online learning.

Granted, some technology has already made it into the educational sphere, especially with the incorporation of iPads and laptops into many public schools. A small subset of higher education institutions has also offered online options in recent years. In 2020, however, options have increased significantly for those wanting—or needing—to make the shift from traditional educational settings to the online world. For example, it’s possible to earn an AACSB online MBA no GMAT required. Without the need for hours spent in a physical classroom and time spent on rigorous entrance exams, higher education is becoming much more accessible to those who can’t take in-person classes due to circumstances such as work and childcare.

Online degrees are becoming more normalized. With the general technological shift and the increasing need to work while in school, it was a long time coming, but educational institutions had little incentive to change their models. COVID-19, however, has changed the landscape. With everything closing due to safety regulations, colleges and universities have no choice but to shift online or close their doors. As many students abandon their dorms and settle in at home for online lectures, 2020 has proven that online learning is effective. It’s an increasingly viable option that is becoming the new norm.

Tools Making Online Learning Possible

Since most class structures are geared towards in-person lectures and discussions, the way professors teach must change a lot to be compatible with online learning. Luckily, many software companies have developed or promoted cost-effective tools to make the shift possible. Many schools already used tools such as Google Classroom, Moodle, and Schoology to keep their students organized, but these class management tools have become much more integrated into the learning experience. While they might previously have been a useful way to remind students of their assignments and provide a place to turn things in, classroom management tools in 2020 are vital for scheduling, assignments, and asynchronous lectures and forums. They have become the central hub in place of traditional classroom learning.

With the shift to online classes, asynchronous lectures are more important. Students living at home need more flexibility to work and contribute to their families, and their internet access might be less dependable. Recorded PowerPoints and Zoom lectures posted to classroom management sites make this more flexible schedule possible.

Despite the need for asynchronous options, most professors still opt for at least some synchronous lectures and discussions to preserve the classroom community. Platforms such as Zoom and Microsoft Teams have increased in popularity and become a new staple on students’ laptops.

With the help of new technological tools, most 2020 education has moved online. While it may have already been possible to get a degree from the comfort of your home, now it’s the new normal. As schools and companies continue to normalize and optimize online learning, schools may find that it’s more convenient and cost-effective. 2020 has changed the way we view education—and likely changed its future. Online learning may well be here to stay.

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How Can I Use Videos For Lead Scoring?

Like marketing and sales tactics, videos can and should be calculated.  This information can be used to guarantee your work will reach the right people.  Videos require a different approach to metrics with different numbers when building the correct lead scoring process.  We at Inovit will break down how lead scoring works and how different kinds of videos fit into the scheme.

Just What Is Lead Scoring?

Lead scoring is evaluating a prospect or customer readiness to buy your products or services. This is determined by the level of engagement with your service or brand and the customer’s intention in purchasing.  For a long time now, customers are seen as a funnel but you must realize some customers are non-linear with sustenance going beyond the final sale. Lead scoring measures behavior from one customer to another.  The most popular way to achieve this is with marketing automation platforms including Hubspot, Marketo, Pardot, or Act-On.

Every company has different needs and ways to evaluate their customers.  Sales and marketing teams must create a lead scoring system that will work for both parties to deliver the best results.

Your traditional lead scoring assigns values to different interactions with your marketing or sales activities. In some cases, different interactions may be a lot more valuable than others.  This all depends on the level of engagement of the prospect with your company.  Each interaction is weighted or given a number of points based on the level of importance of every interaction of your sales or marketing team.

For instance, a prospect that has signed up for a webinar or watching a sales demo would be considered a more valuable prospect than someone viewing a video in your newsletter, liking a video post on Facebook, or viewing a YouTube pre-roll ad that plays before a featured video.

A lead scoring template will tie a numerical points system to each interaction that connects with the customer’s journey.  In other words, the more points a prospect has, the more qualified the sales or marketing lead will be.  There are different point thresholds that carry the consumer through the journey, prompting sales and marketing teams to perform other actions when engaging with the prospect.

We are huge fans of explainer videos and one from Hubspot breaks it down really well:

Some examples of template, marketing, automation platforms such as Marketo and Hubspot have excellent resources to help you get started.

Why Is Video Lead Scoring Different?

Videos are a unique medium with different metrics than those of sales and marketing tactics. Each metric should be mapped to your lead scoring chart with different levels of engagement connected to different tiers of the customer journey.

Using video lead scoring metrics information along with information from your prospect’s business to create a lead scoring scheme to accurately predict the likelihood that a prospect will become a customer, is risky.

If you look back at past data and see who your current clients are and how they behave, would be ideal.  Many marketing automation platforms are offering increases by sophisticated tools to help you.

About Video Production For Different Stages of A Customer’s Journey

Now that you understand how lead scoring works and what metrics to use to evaluate, it’s time to look at how different types of videos play a role.

Top-Of-Funnel Videos

You should think about top-of-funnel videos as an introductory phase for your viewers.  You need to capture your viewers and get them engaged in your brand.  This is your big opportunity to set a really great impression.

Explainer videos will help educate new viewers and give them an insight into who you are.  Broadcast commercials and social media videos can help reach out to new audiences.

As said before, brand awareness videos must prove value and must answer some very important questions:

• What makes your business different from others?

• What makes you better than your competitors?

• Why should prospective customers listen to you?

• How can you help me?

You need to consider middle-of-the-funnel videos.  Once you have captured prospective customers who are interested in your brand, you need to prove your overall value and then turn these people into positive sales leads.  Once you are at this stage, make sure you are giving them more in-depth information that agrees with your audience’s point of view.  Videos like webinars, case studies, how-to, and customer testimonials can give you an edge for prospective customers looking to learn more about how your product or service will benefit them.

A more in-depth video explainer video that is tailored to certain products, services, or industries can provide your audiences with detailed answers to specific questions.

Sales –  Bottom-Funnel Videos And Renewals

Think about it, bottom-funnel videos are the most important part of your sales team.  These videos are constantly used on demos, with existing customers, and even sales calls.  These videos can be perfect for a product walkthrough, explainer videos, or specific topics for webinars, and so much more.

Retargeting and Creating Loyalty Among Potential Customers

It can be quite beneficial for reactivating leads that have gone cold or to entice repeat purchases using videos. The type of video will depend on the viewer.  You might choose to target a YouTube or social media ad toward visitors to your website that did not convert. You might also send a video email to follow up with a customer who attended your webinar but did not enter the funnel. Videos can excite current customers regarding a new product or a feature with an explainer video that breaks down into detail about your product or feature. You already know these people have invested in your company with a brand, so give them a little shove in that direction.

The Value of Lead Scoring With Videos

You have put a lot of work into creating a video so it’s very important that you make the effort to measure the impact. Lead scoring is very valuable because it will give you the insight to create a video that will give your audience the very best experience and entice them to buy your brand.

A Short Summary

We have added a great deal of information in this article to draw viewers to your site and purchase your products. We have gone over choosing voice-overs vs animated text while pointing out that voice-overs have become more popular and why. Why mobile devices need to be discussed on a different level as the data connection is now so much faster.  But ask yourself if this an avenue that will work best for your viewers?

We cannot impress upon you enough, if you are using someone else’s work, you must get permission from the creator due to copyright laws. There are so many articles on the subject, read all you can and become familiar with all the dos and don’t s regarding copyright.

We at Inovit have gone out of our way to provide you with valuable information that will take a while to digest while helping you find the best marketing tactics that will work best for your videos and draw your potential and current customers to your site and buy your products!

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5 Tech Solutions Being Used by Property Management Professionals

Technology has revolutionized the real estate industry in many ways. There are several tech solutions that have been developed by different companies and individuals. All of them are aimed at making the operations of property management professionals easy.

Considering the fact that the real estate industry is one of the most profitable, there is stiff competition in terms of attracting clients. That’s probably why most of the tech solutions available are geared towards improving service delivery.

Property management professionals who previously depended on manual ways of tracking data and the use of  spreadsheets  can now take advantage of cloud-based software to keep their data and facilitate automation of work.

Whether its part-time landlords in Lansing or full-time Austin property management professionals, both will benefit from the following array of tech solutions:

1. Property Matrix

The property matrix software is considered one of the most comprehensive tech solutions available. It is a cloud-based based software that provides a complete suite of management applications such as building maintenance, CRM, tenant and lease tracking, property marketing, and property accounting. All these features are available in a user-friendly interface designed to enhance quick access to various tools. To improve user experience, the software allows one to filter particular units, manage invoices, and track maintenance requests.

2. Buildium

Buildium is another great software used by property management professionals. It is mainly used in streamlining the leasing process. It also has automated features such as rent collection late fee reminders. Besides that, the software assigns duties to respective staff as well as handling management maintenance.

3. Propertyware

Another great tech solution in property management that enables stakeholders to keep track of all activities in their business. Property managers are able to use the software to oversee the leasing life cycle as well as maintenance management. The good thing about this software is that a user can filter rea time data and customize information to fit their business. It can also be used on different devices. It is important to ensure that you get the latest version of the software – for easy operations.

4. TruPlace

Property buyers and renters spend a lot of time online looking for prospective homes to buy. This implies that more information is posted about a certain property, the more views, and interest in purchasing it. This software can give you a competitive advantage through the optimization of virtual home viewing. Besides, a property owner can use the software to prepare and send floor plans to respective houses – hence providing potential clients with detailed information on various houses they would wish to purchase.

5. Mynd

This software solves the problem of rent collection from tenants and home buyers. Customers are able to use the software to contact property managers, make payments, and place service requests. On the other hand, property owners can see real-time reports and transactions. This makes it easy for them to take quick action in case they detect any issue.

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Digital Products and Services That Drive Marketing

Technology has transformed almost every aspect of our lives including marketing. For example, before the advent of the internet, most companies relied solely on print and electronic media to market their products and services.

However, the introduction of the internet has opened a myriad of opportunities – that have taken marketing and advertising to another level.

A good example is social media. It is hard to find a business or company today that doesn’t use social media to market products and services.

Below are some of the digital products and services that are driving the market:

1. Search Engine Optimization (SEO)

This is one of the popular digital services used by companies and individuals to drive marketing. It is considered one of the most effective marketing strategies today.

What is SEO?

Search engine optimization is a technique used to optimize the content of a website so that it can easily be found on popular search engines. The objective is to create keywords that are commonly frequently searched by internet users and drive them to your website.

The effectiveness of SEO depends on who is implementing it. Most marketing companies hire professionals to optimize their business websites.

2. Digital Product Development Agencies

This is another digital service that is driving the marketing industry. There are many digital product development agencies whose focus is to market products and services for other companies. They are responsible for identifying what marketing strategy suits your need and implementing them.

A digital product development agency can analyze your business and recommend an appropriate marketing strategy. If you implement a marketing strategy and you can’t see the results a few months down the line, then it means you are missing something. You need a professional to analyze and recommend something that will work for you.

3. Email marketing

Email marketing strategy is as old as the internet. It is another digital service that is being employed by many companies to market products and services. It is also considered one of the most online marketing strategies after SEO.

How does email marketing work? Email marketing focuses on maintaining existing clients or customers and attracting new ones. It is a perfect strategy for those who want to build brand awareness as well as encourage repeat clients.

4. Social media marketing (SMM)

Social media has proved to be a powerful marketing strategy in the modern-day. Most companies have taken into social media to market their products and services. This is because social media platforms have the power to reach a large audience within a short time.

As a result, most companies have opted to hire professional marketers to run their social media pages. This has led to an increase in competition in different sectors.

5. Pay-per-click (PPC)

PPC is also another major service that is driving the marketing and advertising industry. Pay-per-click service works very simply – a client bids for words that they want their ads to show up for. That means when a user clicks on one of the keywords, their ad is automatically triggered.

The good thing about PPC is that you don’t pay for space to advertise, but rather for the results you get.

In general, there are several digital products and services that drive marketing. All you need to do is identify a strategy that works for your business.

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The Tech Your Employees Need for Peak Performance

Technology has helped to simplify tasks and improve performance. However, the market is filled with all kinds of equipment and software claiming to be the best at managing employees. The availability of numerous options can make it difficult to choose. That’s why we’ve prepared this list of the best tech for your employees.

1. Virtual Reality

Your employees need to undergo training at least once every year. The training familiarizes them with the latest issues in their work environment and teaches them how to cope with such scenarios. Traditionally, employees had to handle real-life scenarios as part of the training. Some of those situations were risky for the employees. Instead of hiring someone to train your employees, use virtual reality for learning purposes. This technology introduces the employee to a virtual environment without putting them in harm’s way. It also offers a variety of scenarios for better problem-solving.

2. Multiple Monitors

Have you ever tried to use multiple programs on a single computer at the same time? It’s a lot of work. That’s why you should consider installing multiple screens in the workstation. You can use an adjustable monitor arm or mount for the extra screen. That way, your employees don’t have to keep switching between different windows. With two screens, the worker can use two programs simultaneously and be more productive.

3. Wireless Laser Printers and Copiers

Your staff has to print documents for record-keeping purposes. The workers also have to print documents for meetings and customers. If you want your employees to be more productive, invest in high-speed wireless laser printers. That way, they can print bulk documents within a short time. Wireless printers will also keep the work environment free from wires, which can be a hazard – somebody can trip on those wires and hurt themselves badly. Also, anyone can connect to the wireless printer from their computer. As a result, printing becomes more efficient.

4. Cloud Service

Today’s workers want flexibility. Your workers don’t have to come to the office every weekday. You can give them some days off to work from home. That change in environment helps the worker become more creative and focused. Invest in cloud services so that employees can share and access files through the platform. It will make remote work easier and safer.

5. Virtual Assistant Software

How many times during the day does an employee respond to a customer query? How many times does the employee give the same response over and over again? If your answer to these questions is multiple times, that employee is wasting time. You should invest in a virtual assistant software to get rid of repetitive tasks in the workplace. It will allow employees to make better use of their time.

6. Network Security

You should also invest in better network security so that employees can use their devices without putting the business at risk. According to experts, bring your own device or BYOD policies improve productivity. Employees feel more at ease when using their devices at work. It motivates them to be more productive. You can only allow employees to use their laptops if the system has been secured. Since you have no control over what the employee keeps on their computer, you have to protect the office network from malware and dangerous programs.

To conclude, most of the tech on this list is easy to use. That means you won’t have to waste time training employees. Make sure you tell the employees about the new equipment so they can be prepared.

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Phone Apps for Fitness

Over the past few years, fitness apps have become popular, especially among the younger generation. One of the biggest reasons for the surge is the convenience they provide. Using an app, a person can work out at any time, from anywhere. 

The Demand for Apps

Apps are a part of nearly every adult’s life. People use them for things like finding food, entertainment, retail supplies, and for social media. The new technology lets you access almost anything with a push of a button. 

Apps for Exercising

Maintaining physical fitness is important. Until recently, you needed to go to a gym or fitness center in order to attend classes. Nowadays, all you need to do is select an app and your workout begins. Smart TVs and iPhones make it easier than ever to have a virtual instructor directly in front of you, allowing you to mimic the movements and keep in time. You can find Pilates and yoga classes, floor exercise sessions, and dance routines and apps for performing on workout bikes and cross-trainers. Of course, you will need to have the equipment as necessary on hand to take part. 

Apps to Track Weight Loss

A big part of achieving your fitness goals is maintaining a healthy weight. Thankfully, along with workout apps, there are apps that allow you to monitor your calorie intake daily versus the number of calories required to sustain your desired weight. This lets you slowly reduce your intake of calories while also developing better eating habits and smaller portions. Nutrition apps can help you remain motivated to achieve goals. 

Fitness tracking Apps

Ever wonder if you are working out too often or not enough? Today, you can remove the guesswork with an app that tracks fitness. Some of the features on these apps include a count of steps, the number of stairs you climb, and how long you run. Many of them also have the ability to save daily results as well as your routines for convenient monitoring of your progress. Devices that you wear often work in conjunction with the apps. One such app, the Runkeeper, lets users track activities, monitor progress, and offer training tips prior to an event. 

Benefits of Fitness Apps

Not everyone has time to attend the local gym two to three times each week. With fitness apps, you can get in an extreme workout while at home or on vacation. Fitness apps will help you burn more calories, target areas of the body that need improvement, build lean muscles, and achieve a fit physique. Nutrition apps help you learn the right foods to eat, the number of calories you consume, and the recommended number of calories you need to consume to sustain your desired weight. 

Getting the Most Out of Your Fitness App

Of course, if you don’t use the app, you won’t reap its benefits. Just like having a gym membership, you have to go and workout in order to lose weight and tone your body. The good news is that they are convenient, so accessing it when you have free time is easy. The key to your success is to remain motivated. It’s also beneficial to switch up workouts. For instance, one day do aerobics and the next session does cardio dance. This way your workouts will remain invigorating instead of stale, keeping you interested, and performing at your best. 

Maintaining a healthy body is something that’s easier than ever to achieve. There are hundreds of fitness apps available. Select a few that provide the features you want, and then see which ones work best for you.

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8 Reasons Social Media Can Help a Small Business Grow Better and Faster

Are you still not convinced of the power of social media? What benefits does it bring to your small business?

Social media has approximately 2 billion users worldwide, and chances are, most of your target users are already there. That’s what makes it a crucial part of the marketing strategy of your brand.

So, while your business should be on social media, sometimes, this is easier said than done.

In this post, we’ll walk you through the eight reasons how social media can help you grow business.

1. Social media is the most cost-effective way

Social media is one of the most cost-effective ways to put your brand out there. Signing up and creating a business account on major social media platforms is easy. Now, if you decide to tap into paid marketing, you can start small, to get a better idea of what to expect.

Being cost-effective with your business is important, as it helps you have a greater ROI (return on investment) and make you have a bigger budget for your other marketing initiatives.

By investing a little money and time in it, you can increase your conversions and eventually get the return of investment on the money that you’ve invested.

2. It helps in promoting your business

When using advanced options like targeting and remarketing, it easier to address your message to your audience that is interested in your products and services.

In social media platforms like Twitter and Facebook, paid advertising here is relatively cheap, and with a solid social media strategy, all your efforts will eventually pay off.

3. It helps in driving website traffic

A strong social media presence is vital in attracting traffic to your site. Not only this helps drive traffic to your page but it enhances your search engine rankings as well. That’s how important social media for small businesses.

As you’re probably aware by now, SEO is an enduring process that lets you stay on top of Google’s search results.

The total number of visits, keywords you’ve chosen, external links, and your website content has a significant impact on how you’ll measure up against your competitors on search engines.

Social media helps you improve these factors, not only with the direct traffic that you’re getting but with shared links as well through the social media profiles of other users.

4. It helps generate more conversion

With increases visibility on social media, this will provide your business more opportunities for conversion.

Every video, image, blog post, or comment will lead more viewers to your site and boost your traffic. Social media helps your business create a more positive impression because it humanizes your brand.

When you share content, comment, or post updates on social media it helps personify your brand. The thing is, a lot of people would want to do business with other people, and not just companies or organizations.

So, taking the time to develop relationships on social media helps bring positive results on your conversion, and overall sales. The better impression you’re creating for visitors, the more they’ll think of your business when the need for a particular product or service arises.

5. Social media induces loyalty

According to a report, brands that regularly engage with their audience on social media has increased brand loyalty.

When your brand is visible and active on social media sites, you tend to be more approachable and credible in the eyes of your customers.

So, if you can build on creating more personal and genuine relationships with your customers, customers are likely to switch to other brands or with your competitors.

 Showing them that you’re human will make you feel more approachable and friendly, rather than just another business that sells goods, and is easily replaceable. It’s because it’s easier to switch to another brand or company, but it’s hard to dump something that is already close to you.

6. It helps improve your sales

A good and solid social media strategy requires a lot of investment. Your return on investment (ROI) needs to be considered. An excellent social media strategy can have a positive impact on your sales, as it helps boost your brand exposure, allows more people to talk about your brand or service, and exposes your business to a much wider audience.

The end goal here, of course, is to convert users into a paying customer and boost your sales. When you interact with your customers, you can form a certain degree of trust in them, and which could translate to more sales in the future.

7. It boosts your business’s search engine visibility

Now, let’s talk more about SEO. Search engine optimization, or SEO, helps boost your brand’s visibility organically. More often than not, SEO plays a key role in your current marketing plan. After all, the majority of search traffic falls on the first page of search engines.

So, if you’re not on the first page, the majority of your buyers wouldn’t come across your page. What they’ll find- is your competitors instead.

Now, that’s where social media comes in. It isn’t just your presence on social media that would help you rank better on search engines. The better the content you share on these platforms, the more linking relationships are created as users share and engage with your posts.

That could be a huge boost in your business on organic search results. That’s precisely why you couldn’t afford to forget all about social media, for SEO purposes.

8. It helps you track your competition

Social media allows you to keep your finger on the pulse, not just for the sake of marketing practices, but also with the strategies used by your competitors.

You can always learn a lot from your competition. What their strengths and weaknesses are, and how you can apply it to your own strategy and improve on it.

Final Thoughts

Hopefully, you’ll have a better understanding of how social media could help your small business. Test the types of content and strategies that work on you, learn from it, and constantly make improvements. 

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How to Create ROI in PR and Marketing in 2020

For the layman, ROI (Return on investment) is a way to measure and evaluate the efficiency of an investment. However, it is not used to measure any form on investment on a small scale, it is looking at an investment’s and company’s long-term gains. It can be difficult to calculate ROI on that scale, so this guide will show the best ways to measure it and how to use it in your digital PR strategy.

What is ROI in PR?

It is important to understand that ROI is generally split into two categories; monetary gains like sales revenue increases and earned media gains that increase a startup’s reputation and credibility. Businesses are quite familiar with a company’s monetary gains because it has existed before social media and technology. However, nowadays it is important not to neglect earned media gains if you want your startup to be successful. If you want to achieve an accurate ROI for your PR strategy, it is important to understand both.

ROI for PR today

What is a press release and what’s its purpose?

In order to understand press releases, you can take a look at the Media Coverage press kit to get a detailed understanding and step-by-step guide to write a press release. Basically, the goal of a press release is to gain media coverage by sending it to media outlets. It is one of the main components to a well-balanced PR and media strategy. Take a more detailed look by looking at “How to pitch to journalists”. 

ROI’s can be a bit difficult to measure and while impressions and media mentions can provide a sense of efficiency in a PR campaign. However, they can be meaningless if you can’t contextualize the numbers around well-defined strategy goals. 

It is important to understand that you need to constantly be checking your metrics because things are constantly changing whether in a negative or positive way. Just judging and analyzing your initial PR gains can be a big mistake if you are only considering site sessions or publication appearances. Metrics could lead you to believe that the PR campaign is going better or worse than it actually is. 

If your site creates content designed to build social proof, looking at the metrics and amount of content impressions would be pointless because there would be another way to measure its industry credibility by lead conversion rates. 

In order to correctly use metric, you would need to give the data obtained a framework that describes your PR strategies’ purpose. Here are some that you may use to measure the ROI of your PR campaigns

  • Page Impressions – Every time a page on your site appears on a Google ad or SERP. 
  • Page Views – Every time a page on your site is clicked on a Google ad or SERP.
  • Page Click Through Rate – The ratio of page impressions to page views
  • Social Media Likes/Shares – The amount of interactions visitors have with one of your social media posts.
  • Bounce Rate – The ratio of single-page sessions on your site to multiple page sessions.
  • Average Page View Duration – The average time visitors spent on a particular page.
  • Goal Conversions – The number of measurable goals completed, such as scheduled calls.

USE S.M.A.R.T GOALS!

How to measure PR ROI

At the moment, there are two strategies to measure ROI in PR

Barcelona Declaration of Measurement Principles

The Barcelona Declaration of Measurement Principles has shown the importance of measurable goals and places emphasis on achievements and it does it without letting go of the less attainable metrics because there are many components of success. 

It also takes into account new technology such as social media and understands its role in ROI PR and it deserves the same attention as any type of monetary ROI for PR strategy. 

However, what the principles lack is that they do not make perfect and concrete steps towards a framework for ROI calculations

In spite of their clear support for quantifying returns on PR in a meaningful way, the principles don’t enable startups with a mathematical formula to draw objective conclusions from their PR efforts.

Advertising Value Equivalency (AVE)

A more simple way to measuring all ROI activity, it multiplies the amount of ad space or “seconds” mentioned on a broadcast network by a medium’s advertising rate. 

The only problem is that it can be considered to be an outdated system of measuring ROI 

How are we measuring PR ROI?

Here are some of the factors that people use to measure ROI in their PR campaigns, You can also get a detail look at this at “The Ultimate Guide to Paid, Earned, and Owned Media” where I discuss the important types of media and how using the combined PESO model to create a successful PR campaign. 

Social Media Posts

Social media PR is key when it comes to creating a buzz around your startup.

In addition to being key to any PR campaign, social media platforms give startups: 

  • Increased organic visibility
  • Improved traffic to the website
  • Heightened brand awareness
  • Faster and easier communication

For a more detailed look at how social media can be a great help, make sure to check out “The Ultimate Guide to Social Media PR” where I discuss how important it is and how to measure it through earned media. 

How do we measure social media posts’ ROI?

If you’re posting to encourage people to sign up to a newsletter or webinar, then consider the following metrics your key indicators of success:

  • Signup conversions
  • Impression of signup conversion rate

If your posts are more focused around increasing your site’s reach and increasing your brand awareness: 

  • Impressions 
  • Click-through rate 
  • Estimated Reach
  • Social Media Mentions

How to track PR ROI long term?

There are individual measures of ROI in your PR strategy, but how does it work in the long run? 

There are three fields that can indicate real ROI in a PR campaign:

Brand awareness and loyalty

A continuous look at metrics like traffic and social media shares can show long-term increases and improvements in new business opportunities. It also shows the possibility of securing additional business.

It can also see the sales activities like blog posts, guest articles, social media interactions, and other forms of media outreach through the process of site engagement, becoming leads, and converting. 

Industry credibility

You need to be seen as somewhat of an industry expert so that consumers of your startup believe that you are reliable and trustworthy. Trying winning earned media because it will build social proof and attract new business. 

Increasingly positive reputation

Increasing your positive reputation relies on good customer experience and how that’s transmitted to the world. Getting good feedback from existing customers, for example.

You might make some short-term gains in traffic and bringing in leads, but this doesn’t necessarily convert into long-term startup prosperity. 

In terms of PR ROI, we look at the social media shares/likes on positive customer experience stories and audience engagement in press release announcements regarding customer milestones.

Conclusion

It is important to see the ROI of your startup frequently so that you know where your company stands.  Whether you are using the 2 strategies listed above or using social media and earned media, monitoring your business not only shows that you know what you are doing, but that you are interested to see what the future holds for your business. 

We at Pressfarm pride ourselves in having the ability to create an effective PR strategy and provide people with additional knowledge of the world of PR. If you are interested in having one of our PR professionals create something that can get you business visibility, check out our pricing and packages to take the headache out of something great.

app development vs software programming
DevelopmentMartech

App development vs software programming – What’s the best bachelors to study in 2020

As an enthusiast technology, people can use several gadgets, digital gimmicks & updates. But in case, if a person wants to prepare for conduct IT bachelors then they feel like Pac-man due to multiple options for study. 

There are several universities which provide computer science bachelor’s degree which seems to be specialized in certain fields like IT security, data science, multimedia & gaming, etc. due to which confusion has been created in the person mind who wants to prepare for becoming experts in a specific technology. This confusion also includes two terms named as app development & software programming. Software programmers design & create a specific system as well as perform testing of their written codes to bug fixing whereas the app developers design & creates apps for mobile & computer.

Explanation of app development & software programming

The development of app sounds is related to mobile applications development firm of app means process out some steps like the testing, designing, creation & launch out the app through which users get a high level of satisfaction for their demands or provided services. Although, the development of an app is not only meant for the applications of smartphones. It means that this application applies to electronic devices as well as computer devices. The main confusion creates here is app designing is also referred to as web development for the computer. Is it correct or wrong?

Development of web covers out a different task sets along with the operations & designing sets in contrast to this, mobile phones application include one or some functions that can be designed after research for an idea.

Software engineering is another name for the software programming which mainly deals with the writing code to develop a program based on software.there is a requirement that software programmers have specific knowledge about the coding as well as algorithms excel along with the plan for a test out every code after deploying them through which bugs fixing get easier. Along with it, software programmers have to decide about the implement changes and add some code documentation through which application attracts several users. 

App development similarity or difference with software programming

There are some common skills set with the developers of app & software programmers. These sets can be defined as:

  1. Attentions towards detail.
  2. Having the capability to handle a high amount of pressure.
  3. Skills related to numerical as well as a mathematical concept.
  4. Skills of problem-solving
  5. Creative nature
  6. Technical skills
  7. Programming skills.

 App development is mainly focused on the user experience as well as the designing & additional features in contrast to it, software programming gives focus to the finding codes as well as introducing the appropriate codes through which quality of programming get a match. 

IT degrees help in become a developer of app & software programmer

If a person wants to become a professional developer & programmer, then there is a requirement for getting a degree in computer science. There are so many developers, who graduated from web development, bachelor’s in computing & digital media, computer graphics. All these programs contain a topic that is related to mobile app architecture, interaction design, data mining, & mobile communications.

In case of attraction towards software programming, then the things are a quite clear means there is a lot of courses for a bachelor’s degree which provides a better option for s0ftware engineering. These specific courses are mainly focused on the computer systems, modeling of advanced software programming, computer ethics, & methods for solving out numerical as well as mathematics concepts.

Career options

Both the sectors, named app development or software programming will be highly rewarded at their levels as they both can show their importance in a person’s life. This will be beneficial for the user in terms of a paycheck at a monthly level.

Apps developments based jobs

  1. App tester
  2. Manager of web content
  3. Designer of UX
  4. Developer of games
  5. App developer

Software programming based jobs

  1. Software engineer of quality assurance
  2. Computer programmer
  3. Analyst of computer system
  4. Architect of computer network
  5. Web developer

In terms of salary, there is no difference it means that equal amount has been paid to the app developers as well as the software developers. The salary mainly depends on the experience as well as the courses.

  1. In the US, the average salary of an employee working at the post of a software engineer is 78000 USD per year.
  2. In the US, the average salary of an employee working at the post of an app developer is 66000 USD per year.
  3. In the UK, the average salary of an employee working in the field of software programmer as well as an app developer is 30700 GBP per year.

Wrap up Software engineers or software developers are highly in demand as similar to the demand for technology & science experts. This demand for developers & engineers constantly increases. These developers design a creative application that can be useful for the people through which they can use better programs over the computer & evaluate the latest ideas as well as solutions for issues related to the software. Mtoag is really a best site to get everything you need. It is crucial for website development company in USA..Our team of skilled web developers and software programmers made appropriate solutions for the project requirements.