Published - Tue, 23 May 2023
To ensure consistent growth for your business, it is important not to just create a captivating marketing strategy and promotional materials, but also to continuously analyze and measure data. By relying on hard indicators such as brand awareness metrics, you can review your actions and adjust them to positively impact your bottom line. In this article, you will discover which brand recognition metrics you should prioritize.
Before diving into the specific metrics that gauge brand awareness, it is crucial to have a clear understanding of what it entails. Essentially, brand awareness measures the degree of brand recognition (its products included) among customers based on distinguishing features such as the name, logos, mission, or values. In other words, brand awareness reflects the number of people who associate a brand with its specific characteristics.
Evaluating brand awareness within your target audience is a critical component of any marketing campaign. Despite your belief that your promotional materials are unique and attention-grabbing, they may not be reaching the right target customer or not enough to motivate people to make a purchase. By examining hard data, you can determine whether your efforts are yielding the desired results.
The following list outlines the top 8 metrics you should prioritize in order to achieve optimal performance.
A crucial brand awareness metric is brand mentions, which indicate whether customers are actually using the products or services they have purchased from your business. People often tag companies on social media platforms to express their fondness for a particular brand or to recommend its offer to others. However, it is not just the frequency of mentions that matters, but also the context in which they are made. In the case of customer feedback, the adage “no publicity is bad publicity” does not always hold true. While negative reviews can garner a lot of attention, an overwhelming number of unfavorable opinions about a product or service can tarnish the brand’s reputation.
There are various analytics tools available in different subscriptions that allow you to track the number of mentions. Choose one with features that will provide you with the most useful insights. Such tools are a valuable asset for any business. Additionally, there are several other metrics that are important to track as well that we will discuss in the next points of this list.
Branded search volume is the number of times a particular keyword is searched for, typically on a monthly basis. It indicates how frequently users look for a specific phrase in search engines. The search volume data is commonly used to assess marketing strategies that focus on search engine optimization. Branded search volume is crucial for measuring brand awareness. It is important to check branded search metrics to see how often users look for your brand name, or perhaps the name of your flagship service or product.
It is also worthwhile to consider long-tail phrases that are related to your brand, such as “brand X – what does it do?” or “reviews of brand X’s product.” By doing so, you can determine whether potential customers are showing interest in your offer. Tools like Ahrefs Keywords Explorer can help you estimate search volume data. Additionally, you should monitor branded organic traffic using Google Search Console.
Programming Instructor with over 500,000 students worldwide. Mark Lassoff 's parents frequently claim that Mark was born to be a programmer. Starting, in the mid-eighties at age 11, Mark was hard at work on his Commodore 64 writing games in the BASIC language. After completing a computer science degree, Mark developed software for several well-known internet startups during the initial internet boom of the mid 1990’s. Five years ago Mark parlayed a two decades of software development experience into his latest entrepreneurial venture, LearnToProgram Media. LearnToProgram Media publishes online courses that teach mobile, web, and game development. Over 500,000 people have learned programming from Mark through online classes he has either authored or published. In addition to publishing popular courses and books LearnToProgram Media operates an internet video network which produces several programs on software development. Previously Mark founded PowerPlant Marketing, which created marketing automation software for REALTORS™. After the sale of PowerPlant, Mark went on to found Internet Broadcasting Group which counted among it’s launch clients Nike, Blue Moon Brewing Company and Opubco. Mark lives in Connecticut and speaks worldwide on software development, entrepreneurship and online learning. He has spoken at TechWeek NY, TechWeek LA, and SXSW, among other large conferences. In his spare time he he enjoys aviation, mentoring new business owners and spending time with life-long friends and family.
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