The closer you are to the day-to-day activities of an SEO effort, the more data you typically want to have. Yes, on the one hand analysis paralysis can be a real problem and on the other hand really broad trends are nice to look at, but it’s finding the right balance of details that helps you justify your plans. The challenge is that the deeper you are in the weeds, the more likely there is someone higher on the corporate ladder who expects progress reports. And these folks tend to not have the time or inclination to look at the detailed data that you’ve gathered. Furthermore, the farther up you move along the ladder, the more concise the reporting has to be until all you’ve got is the space on one PowerPoint slide.
To further complicate matters, SEO doesn’t just include optimizing a site, but rather it involves the optimization of digital assets on multiple sites – some owned and some not. As a result, you’ve got a bunch of metrics like visits, clicks, impressions, and shares that have to somehow be summarized in a way that, ideally, tells a positive story.
My preferred format for such deliverables is a graph that plots a trend, ideally one that rises as you move from left to right. It’s usually unacceptable to plot a dozen metrics on a graph because it becomes incomprehensible. And trying to squeeze multiple graphs onto a single page isn’t much of a solution.
So when faced with this challenge I opt for creating a new metric that is a combination of the other metrics, each with a relative weighting. The weighting can be based on pretty much anything, but I’ve found that a good way to proceed is to ask yourself what you would pay for one unit of a particular metric – e.g., if I had to pay for a Facebook like, what would I pay? Or, continuing with the Facebook example, if you can get your hands on a recent promotional effort, the output of which was likes, divide the budget for that effort by the number of likes to get the “value” of a like. What you’ll end up with is a table like this (I arbitrarily chose weights for demonstration purposes only):
|Facebook Page Like||3|
Explaining, and maybe even defending, the weightings is often needed, so I would recommend thinking carefully about the weights you assign. I typically start with values set by “the market.” For example, StumbleUpon charges $0.10 per stumble. At the time, let’s say that you knew that someone at your company was already paying $1 for an industry tweet. You could then argue that the market has established a tweet to be 10 times the value of a stumble.
With your weighting chart in hand, gather each of the separate metrics and for each multiply by the weight. Then take all of these values and sum them. This final number is a new metric that I’ve called digital asset impressions (DAI). As you can see, without proper weightings the DAI value can easily become skewed by underlying metrics that aren’t as meaningful as others – e.g., I’d take 1,000 visits from organic search results vs. 1,000 visits from StumbleUpon.
For the report that bubbles up to senior management, I’ll plot the DAI value for every month. I may also overlay one additional line on the graph, which is to show the revenue that I can attribute back to my efforts. Why don’t I just stick to the revenue graph? One reason is that if the business is subject to seasonality there will be a peak followed by a trough regardless of my efforts, and I like to be able to show progress at all times.
This single graph isn’t going to satisfy everyone. And that’s OK. This approach fulfills the original request to provide a single graph, and if you end up being asked for details, kudos to you for getting senior management’s attention!
Online presence requires a lot of work. Your team has to be keeping an eye on search rankings, competitors, security, web mentions, website performance, trends, and so much more. Here are five multi-purpose tools that can manage every aspect of digital marketing and save your team time and money.
On February 28, 2017, ClickZ presented the webinar 'Still using .com? Here’s why 50% of all Fortune 500 companies are about to use .brand' in association with Neustar.
Influencer outreach is a step-by-step process during which impeccable planning and execution are necessary.
In part one a few weeks ago, we discussed what brand TLDs (top level domains) are, which brands are applying for them and why they might be important. Today, we’ll take an in-depth look at the potential benefits for brands, and explore the challenges brand TLDs could help solve.