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KPI for marketing teams
Growth: Marketing Qualified Leads (MQL) per month
Performance: conversion all channels visitors to MQL
Cost efficiency: acquisition cost of MQL
Underlying framework for marketing function is the MARKETING FUNNEL. It rdescribes customers’ journey from their 1st (website or social media) visit to expressing an interest in your service or product.
Please note, that all in-funnel metrics can be considered as a leading indicator KPI for revenues.
1. Top of the funnel (TOFU): create awareness
Goal: create inbound visitors (web/app)
Activity: content marketing (website, landing pages, blogs), SEO, search ads, social media
Volume metrics: web traffic, impressions, monthly recurring customers, time on page, bounce rate, domain search ranking, followers, engagement (time, clicks, scrolls,…), content shares, cart value,
Efficiency metric: click through rate (CTR)
Financial metric: visitor acquisition cost
2. Middle of the funnel: generate consideration
Goal: engage prospects
Activity: content marketing, white papers, webinars, case studies, landing page for customer segments, downloadable content, newsletter
Volume metrics: total leads (signups), newsletter subscribers (+open rate), downloads
Efficiency metric: web visitors conversion to content-engagement
Financial metric: acquisition cost per download or signup
3. Bottom of the funnel: conversion MQL to SQL
Goal: marketing qualified leads (MQL)
Activity: convert prospects in (free) trial / demo, how-to-guide, feature & price comparison
Volume metric: total MQLs
Financial metric: MQL / signups