For demand and lead generation, business leaders still prefer paid acquisition because these channels have an immediate impact on the audience. Unlike inbound marketing, which takes longer to get results, many businesses prefer outbound marketing as a strategy to reach their audience faster.
In this blog, we'll learn the nitty-gritty of outbound marketing and how businesses can leverage outbound marketing analytics to measure and optimize their efforts to drive maximum impact.
What is outbound marketing?
Outbound marketing is how businesses reach out to potential customers on different channels by proactively pushing out their message. Some of these channels are widely targeted, and some are targeted to a particular audience with specific demographics.
With outbound marketing, you can stay assured that your message has reached your target audience and start measuring their performance immediately.
What are some popular outbound marketing channels?
There are multiple channels available for businesses to use for outbound marketing. However, it’s best to choose those channels wisely by understanding where your audience spends their most time. These are the most popular outbound channels, and you can select the best ones based on your business type and audience:
- Search ads
- Social media ads
- Video ads
- Cold emails
- Events and trade shows
- TV and radio ads
- Press releases
- Print ads
What is outbound marketing analytics?
Outbound marketing analytics is the process of analyzing the outbound data, extracting key insights from the data, and optimizing strategies for better outcomes.
Marketers use different outbound channels to reach their audience; however, they face difficulties in tracking the return on investment (ROI) for their efforts and money. With marketing analytics, that's a thing of the past.
Marketers now have options to blend outbound data from different marketing tools, visualize it, and derive meaningful insights such as the performance of ads, conversion rates, customer engagement, and most importantly, ROI. You can do all of this and more with a business intelligence software like Zoho Analytics.
To learn about inbound marketing and how you can optimize those marketing efforts, refer to our previous blog on inbound marketing analytics.
Outbound marketing analytics with Zoho Analytics
While each marketing tool used for outbound activities provides data that’s specific to the campaign, marketers need help getting a clear and overall understanding. Analyzing all of the data will consume a lot of time, and it's impossible to import the data manually.
With Zoho Analytics, you can automatically import all of your outbound data from the marketing tools you use and blend it to analyze the tools’ overall performance. Zoho Analytics is equipped with critical features such as data blending, multiple data visualization options, and augmented analysis using artificial intelligence and machine learning to simplify data analysis.
To make the most of Zoho Analytics, you can create a comprehensive outbound marketing dashboard. You’ll get a clear picture of your outbound activity performance, understand which channel works best for you with standard and custom metrics, optimize your strategies, and improve performance.
Outbound marketing dashboards
A dashboard's core purpose is to analyze all of the relevant data in one place, which saves you time and effort.
No matter what channels you use for paid acquisition, you can connect the marketing tools you use or simply import the data available at your disposal. After a successful connection, Zoho Analytics will create 100+ relevant reports and dashboards based on your data automagically. Plus, you can create countless reports and dashboards with your data.
When all of your data is synced and you’ve created the necessary visualizations, it's only a matter of time before you can start extracting insights. Discover trends and patterns from these reports to identify your campaign’s performance and create key performance indicator (KPI) widgets to track key metrics.
Here's an example of an outbound marketing dashboard that we’ve created. We connected Google Ads for paid search, LinkedIn for social media ads, and Mailchimp for cold emails.
(Click here to view an interactive version of this dashboard)
This dashboard helps you get an eagle's-eye view of your outbound activity performance without switching between apps. You only have to analyze the dashboard from time to time to track your campaigns’ performance across different marketing platforms.
With this dashboard, you’ll be able to identify which marketing channel is performing better based on the conversion rate, ROI percentages, and engagement. You can also analyze each marketing channel individually to optimize your strategies.
Bonus: Outbound marketing KPI dashboard
Because paid acquisition channels require cost per impression and cost per click, you should track its performance in real time. However, it's impossible to track every metric available when you’re on the go. To stay updated, you can track only the most critical metrics that really matter with a KPI dashboard.
By creating a KPI dashboard for outbound marketing, you can access the key metrics you need to keep yourself informed. Here's an example of an outbound marketing KPI dashboard that contains essential metrics.
(Click here to view an interactive version of this dashboard)
This dashboard is designed in a way to access the key metrics for all paid marketing channels. You can keep track of this dashboard at selected intervals. If you need more information or notice a critical data change, you can then click the More button, which will take you to the main dashboard. From there, you can analyze performance in-depth and optimize it for improved outcomes.
Measure and optimize outbound marketing efforts with Zoho Analytics
With paid acquisition, every impression and click counts because you’re spending money out of your pocket. The more insights you can extract from the data and the more data-driven optimization you make to your campaigns, the more conversion and engagement you will get.
If outbound marketing is one of the key strategies for your business to generate leads and you’ve been using different outbound tools to publish and manage ads, then you must measure and optimize them regularly.
Sign up for a 15-day free trial with a marketing analytics software like Zoho Analytics, connect your marketing tools, and start deriving insights from them. It takes only a few clicks to register and integrate your business apps.
You can also register for our personalized demo to get an idea of how Zoho Analytics can help optimize your marketing campaigns. If you have further questions or need any clarification, you can write to us at email@example.com.