How Do You Measure Success in Internet Marketing

by tpw
35 replies
There are many things we track in the course of our businesses that are equal to doorways in the processes that we use to grow our businesses.

We count these doorways as business metrics:
  • Ad views;
  • Ad click-through's;
  • Sales page views;
  • Time on page;
  • Traffic;
  • Opt-in Rates;
  • Number of times articles published;
  • Eye-balls;
  • Links;
  • Links sending traffic;
  • Google Rankings;
  • Unique Visitors;
  • Page Views;
  • Return Visitors;
  • Sales Conversions;
  • Refund Rates;
  • Profits;
  • Etc.

Most of us track these individual metrics to discover where we can make minor changes to improve our conversions at each step of the process...

We understand that if we can improve a single step in the process, we can improve the results of each following step in the process, thereby improving the whole process.

To be honest, the reason I am making this post today is that I am sometimes surprised to see how many people measure their success on a single metric or a few.

Google chasers are the people who most commonly fall into this trap.

They count links in numbers rather than quality plus numbers.

They count page one listings for a target keyword.

They count sales.

Of course, in the end, counting sales/profits are the end game that all of us should focus.

But often times, people are blind to the other metrics that will support the end result, and therefore unable to generate the end result that really matters to a real business -- sales and profits.



For example, how many people do you see here in the forum who see page one in Google as the only thing necessary to get sales?

They are blind to a page title and description that will create the desire to visit their website, for the person using Google. They are blind to having good sales copy and an easy-to-use shopping cart. They are blind to pricing and value concerns.

They see themselves on page one of Google, and they start uttering words such as "scam" and "lie" when page one of Google does not automatically lead to more sales.


For example, how many people do you see in the forum who are so busy counting links to impress Google, that they forget to consider Click-Through Rates (CTRs) on those links they made?

They only see links as a method to impress Google and get those famous page one rankings in Google. Yet they don't seem to realize that real people might find those links and click them.


It is as if many people think that the metrics are more important than the end results.

When impressing Google is more important than measurable profits from a wide variety of traffic, I just have to beat my head against a wall, wondering why common sense seems so uncommon...
#internet #marketing #measure #success #traffic
  • Profile picture of the author Mohammad Afaq
    You know what's my formula of measuring success?

    Money in my pocket (directly proportional to) success.

    or

    More Money in my Pocket = Success

    Less Money in my Pocket = Failing

    No Money in my Pocket = Miserable Failure


    I don't care about all the crap in the middle
    Signature

    “The first draft of anything is shit.” ~Ernest Hemingway

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    • Profile picture of the author russells
      I measure my success by checking off my list of goals, or milestones.

      One of my checklists might look like this:

      1) Write a short report
      2) Publish it to Kindle
      3) Make 1 sale
      4) Make 5 sales
      5) Make 10 sales

      Something to that tone, anyway. In my opinion, it doesn't have to be a financial goal for it to be successful. I mean, publishing your first book to Kindle is a success.

      Making your first $1 is a success...and each milestone after that is a success!

      At least it is to me and that's how I measure it. It's a journey.

      ~Russ
      Signature





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    • Profile picture of the author Wechito
      Originally Posted by Mohammad Afaq View Post

      You know what's my formula of measuring success?

      Money in my pocket (directly proportional to) success.

      or

      More Money in my Pocket = Success

      Less Money in my Pocket = Failing

      No Money in my Pocket = Miserable Failure


      I don't care about all the crap in the middle
      This is true, but don't you think that knowing why something is putting money on your pocket and why something is not can make you earn more money, or work less to make the same amount of money?
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      • Profile picture of the author JohnMcCabe
        Originally Posted by tpw View Post

        I suspect as long as I keep a home in the Warrior Forum, many people will continue to visit SarcasticClap.com to critique some of my posts.
        Don't worry, Bill. A quick visit to Penicillin.me will clear that right up...
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        • Profile picture of the author tpw
          Originally Posted by JohnMcCabe View Post

          Originally Posted by tpw View Post

          I suspect as long as I keep a home in the Warrior Forum, many people will continue to visit SarcasticClap.com to critique some of my posts.
          Don't worry, Bill. A quick visit to Penicillin.me will clear that right up...

          I hope so...

          My wife would be really mad otherwise....

          ~Applause~

          Signature
          Bill Platt, Oklahoma USA, PlattPublishing.com
          Publish Coloring Books for Profit (WSOTD 7-30-2015)
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      • Profile picture of the author Mohammad Afaq
        Originally Posted by Wechito View Post

        This is true, but don't you think that knowing why something is putting money on your pocket and why something is not can make you earn more money, or work less to make the same amount of money?
        Yeah I keep track of that. And that is what's responsible for my 5 figure a month business. That is what helps me GROW.

        But he asked how I "measure" success. I measure success by counting what's in my pocket

        Everything Else = Not Important
        Signature

        “The first draft of anything is shit.” ~Ernest Hemingway

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  • Profile picture of the author lcombs
    Well put.

    Case-in-point:

    I asked a friend of mine to generate a Joomla layout for me.
    Without me knowing he it, he ended up building the entire site.

    The first time I logged into the back office I had 40 some subscribers!
    The site wasn't anywhere near complete as far as content.
    I had done no promotion what-so-ever as I didn't even know the site existed.
    I still have no idea where the traffic came from, but it kept coming.
    I had 145 subscribers before I got Google Analytics installed.
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  • Profile picture of the author 82ana
    Couldn't agree with you more, tpw. Making Google happy and having satisfied traffic are two very important parts of the equation. On the internet or not, its still a business and though the suppliers and distributors (google, twitter etc) are important, its the customers who directly effects the bottom line.

    I've yet to taste success in IM because I think its a mixture two things:
    1. time/cost effectiveness of venture
    2. brand name

    I'll be happy when people search Google for my site by name! *silly me*
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    • Profile picture of the author tpw
      Originally Posted by 82ana View Post

      I'll be happy when people search Google for my site by name! *silly me*

      That is so cool. Whatever compelled you to buy the domain name: SillyMe.com?
      Signature
      Bill Platt, Oklahoma USA, PlattPublishing.com
      Publish Coloring Books for Profit (WSOTD 7-30-2015)
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by tpw View Post

        Whatever compelled you to buy the domain name: SillyMe.com?
        Maybe the fact that silly.me has already been taken?
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      • Profile picture of the author 82ana
        Originally Posted by tpw View Post

        That is so cool. Whatever compelled you to buy the domain name: SillyMe.com?
        I also own *sarcastic clap* and *exaggerated eye roll*

        Don't know what compels me
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        • Profile picture of the author tpw
          Originally Posted by 82ana View Post

          I also own *sarcastic clap* and *exaggerated eye roll*

          Don't know what compels me

          I suspect as long as I keep a home in the Warrior Forum, many people will continue to visit SarcasticClap.com to critique some of my posts.
          Signature
          Bill Platt, Oklahoma USA, PlattPublishing.com
          Publish Coloring Books for Profit (WSOTD 7-30-2015)
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          • Profile picture of the author 82ana
            Originally Posted by tpw View Post

            I suspect as long as I keep a home in the Warrior Forum, many people will continue to visit SarcasticClap.com to critique some of my posts.
            What can I tell ya... Its a fun place all the tpw haters hang out.
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  • Profile picture of the author Caleb Spilchen
    Personally? I use a measuring tape.......










    ---
    Signature

    Canadian Expat Living in Medellin, Colombia

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    • Profile picture of the author Mohammad Afaq
      Originally Posted by Caleb Spilchen View Post

      Personally? I use a measuring tape.......
      ---
      Caleb, it's kinda random but this reminds me of the 6" post of yours

      You know what I mean
      Signature

      “The first draft of anything is shit.” ~Ernest Hemingway

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      • Profile picture of the author JohnMcCabe
        Originally Posted by Mohammad Afaq View Post

        Caleb, it's kinda random but this reminds me of the 6" post of yours

        You know what I mean
        Remember, Caleb is in Canada. That tape is in centimeters...
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        • Profile picture of the author Caleb Spilchen
          Originally Posted by JohnMcCabe View Post

          Remember, Caleb is in Canada. That tape is in centimeters...
          Canada

          Signature

          Canadian Expat Living in Medellin, Colombia

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          • Profile picture of the author tpw
            Originally Posted by Caleb Spilchen View Post


            That would have been more successful, if the final output had showed a country in the results, instead of some snippets that did not say anything at all. :p
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            Bill Platt, Oklahoma USA, PlattPublishing.com
            Publish Coloring Books for Profit (WSOTD 7-30-2015)
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            • Profile picture of the author Dan C. Rinnert
              Originally Posted by tpw View Post

              That would have been more successful, if the final output had showed a country in the results, instead of some snippets that did not say anything at all. :p
              Reminds me of the Canadian citizenship test...
              Barney Stinson: It's not gonna be easy, like the Canadian citizenship test.

              Robin Scherbatsky: How do you know the Canadian citizenship test is easy?

              Barney Stinson: It's Canada! Question One: Do you want to be Canadian? Question Two: Really?
              Signature

              Dan's content is irregularly read by handfuls of people. Join the elite few by reading his blog: dcrBlogs.com, following him on Twitter: dcrTweets.com or reading his fiction: dcrWrites.com but NOT by Clicking Here!

              Dan also writes content for hire, but you can't afford him anyway.
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              • Profile picture of the author tpw
                Originally Posted by Dan C. Rinnert View Post

                Reminds me of the Canadian citizenship test...
                Barney Stinson: It's not gonna be easy, like the Canadian citizenship test.

                Robin Scherbatsky: How do you know the Canadian citizenship test is easy?

                Barney Stinson: It's Canada! Question One: Do you want to be Canadian? Question Two: Really?

                Paul Myers: 25 is NOT enough!!
                Signature
                Bill Platt, Oklahoma USA, PlattPublishing.com
                Publish Coloring Books for Profit (WSOTD 7-30-2015)
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                • Profile picture of the author CDarklock
                  Originally Posted by tpw View Post

                  Paul Myers: 25 is NOT enough!!
                  Signature
                  "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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        • Profile picture of the author tpw
          Originally Posted by JohnMcCabe View Post

          Originally Posted by Mohammad Afaq View Post

          Originally Posted by Caleb Spilchen View Post

          Personally? I use a measuring tape......
          Caleb, it's kinda random but this reminds me of the 6" post of yours

          You know what I mean
          Remember, Caleb is in Canada. That tape is in centimeters...

          That is probably an advantage to Caleb.

          There are 2.5 centimeters in an inch, so he would be 2.5x taller than he originally thought.
          Signature
          Bill Platt, Oklahoma USA, PlattPublishing.com
          Publish Coloring Books for Profit (WSOTD 7-30-2015)
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          • Profile picture of the author JohnMcCabe
            Originally Posted by tpw View Post

            That is probably an advantage to Caleb.

            There are 2.5 centimeters in an inch, so he would be 2.5x taller than he originally thought.
            Mohammad mentioned the number '6', so in centimeters, that would equal about 3"...
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  • Profile picture of the author BradCarroll
    I measure it by how many people write me (or my pseudonym) telling me they love me.

    Pick the right product and it can happen!

    Seriously though, that is a benefit--but it's not the way I measure success. I measure success like this: $$$.
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  • Profile picture of the author CDarklock
    There's something we used to say in the corporate world all the time. Literally, from the beginning of my 20 years in it, we always used to say:

    You get what you measure.

    Everyone wants to have an easy way to figure out how things are going. But once you find that easy way, you stop looking at everything else. And once everyone realises you're only looking at one thing... that's all they'll do.

    Everything else stops or falls behind, and what you're looking at is no longer an accurate measurement. Now you have to find a new one. But once you find another one... the same thing happens. People game the system no matter what the system is.

    And that's why the rules here work the way they do. Because if they didn't, they wouldn't work at all.

    Look at all the metrics. You have to.
    Signature
    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author Shannon Herod
    In the most purest form I measure my success by the amount of people I can make smile. That is the goal for every single day. Make at least one person smile. Change at least one person's life for the better.

    Talk soon,

    Shannon Herod
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  • Profile picture of the author jonibravo
    Success is every dollar you earn from internet marketing. Internet marketing is done to earn money. So it is important that when you talk about success in internet marketing you should always mention it in monetary terms. Because all in all you are doing internet marketing to earn money.

    Internet Marketing is always profitable for one who do it to earn money. So think your success in money always!!!
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  • Profile picture of the author iceman365
    The measurement of success I believe is personal, ones may feel that his first sale online would be his/her success, getting a website up can be a success. With that being said my success will not be yours and yours will not be mine. Success is what you believe success is... Who I am I to argue
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  • Profile picture of the author Dave Rodman
    Banned
    For me the measure of success is ultimately Profit. But I have other components that I look at to see where improvements can be made. Traffic, Conversion Rates, Opt-ins, Average Sale Price, Repeat Sales, Affiliates and their trend, visitors, traffic sources, etc.
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    • Profile picture of the author tpw
      Originally Posted by Dave Rodman View Post

      For me the measure of success is ultimately Profit. But I have other components that I look at to see where improvements can be made. Traffic, Conversion Rates, Opt-ins, Average Sale Price, Repeat Sales, Affiliates and their trend, visitors, traffic sources, etc.

      I agree with this completely.

      I use all of the above to show me the potential future results of my marketing endeavors, but the only measure that matters at the end of the month is profits.
      Signature
      Bill Platt, Oklahoma USA, PlattPublishing.com
      Publish Coloring Books for Profit (WSOTD 7-30-2015)
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      • Profile picture of the author Truckster
        Originally Posted by tpw View Post

        I agree with this completely.

        I use all of the above to show me the potential future results of my marketing endeavors, but the only measure that matters at the end of the month is profits.
        Second that, can I pay the bills at the end of the month?
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        • Profile picture of the author alwaysready
          i think measure success with what i have earned ! But i simply look to my to-do-list , if everything is done than i have been doing great somthing like that !)
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        • Profile picture of the author CDarklock
          Originally Posted by Truckster View Post

          Second that, can I pay the bills at the end of the month?
          I've always defined "wealth" as the point when you stop asking this question, because the answer is always "yes" and you get tired of the ultimately-meaningless process.
          Signature
          "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author butch04
    Everyone is different. Some people go crazy over stats and spend hours analyzing. Others don't worry much about stats but they worry about the end result.

    For me long term success = If I accomplish my yearly goals I set for myself.

    Short term success = If my business is building and growing every month.
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