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If you can prove that your marketing activities actually made an impact on your business, you’ll have many more opportunities (and budget) to grow your marketing efforts. Sounds like a marketer’s dream, right?

But how do you find the right metrics to measure and prove marketing ROI to your boss and stakeholders? With the help of this guide and a free marketing ROI excel template, you’ll learn how to calculate your marketing ROI with Excel to secure more resources for your marketing team.

For example, if you’ve been running an $800 marketing campaign for three months, and average sales revenue was $2,400 for those three months, your marketing ROI would be:

200% = ($2,400 – $800)/$800

If math isn’t your cup of tea, use a marketing ROI calculator to do the heavy lifting. The free ROI calculator below considers five factors of your marketing campaign to produce an accurate ROI percentage for your marketing efforts.

Marketing ROI Calculator

Calculate Your Marketing ROI Free

Pro Tip: if you’re a HubSpot customer, you can use this ROI calculator programmed with the same formula.

Calculating ROI the old fashioned way in Excel is still the most popular method for good reason. By using Excel, you can keep track of ROI overtime to run comparisons, identify gaps, and optimize your marketing efforts.

Here’s a guide for calculating marketing ROI in excel.

How to Calculate ROI in Excel

Excel is one of the most accessible ways to calculate return on investment in a matter of seconds. You don’t have to make up any fancy formulas or commands — just follow these steps to calculate your marketing ROI.

Step 1: Write down your formula.

You won’t be able to enter this formula as-is into your spreadsheet, but understanding the formula before opening Excel will be helpful. By taking note of the formula below, you’ll know which cells to include in your Excel formula so that you calculate your numbers correctly.

(Sales Revenue – Marketing Cost)/Marketing Cost

Step 2: Add variables.

Open your Excel spreadsheet and add one row for your sales revenue and one row for marketing costs. In the next column over, include how much sales revenue your marketing campaign generated. Then, under that, add how much your marketing team spent on the campaign.

In the example below, our sales revenue was $50,000 and marketing costs were $12,500. Right away, we know that the campaign generated more money than was spent on it, so that’s a great sign of high ROI.

Step 3: Add the formula

Once you’ve added your revenue and cost numbers, select a free cell to type in the formula using your data. In this example, we chose the cell right below the revenue and cost numbers. Here’s how the formula translates into Excel:

• Sales Revenue is in cell B2
• Marketing Cost is in cell B3

(Sales Revenue – Marketing Costs) / Marketing Costs =

(B2 – B3) / B3

Step 4: Calculate marketing ROI.

Tap enter or return on your keyboard to calculate your ROI.

If the formula doesn’t automatically calculate it as a percentage, change the number format by going to the Home Tab > Number > Percentage.

Step 5: Communicate the ROI

Now that you know the ROI on this marketing campaign was 300%, how do you communicate this to your stakeholders so that they know whether or not 300% was successful? With any statistic, it’s important to give context for the data you discover. For ROI, you can communicate it like this:

“Our return on investment for the latest marketing campaign was 300%. That means for every dollar we spent in marketing costs, we made $3 in revenue. Compared to our past marketing campaigns that had an ROI of 200%, this was our most successful one to date.”

Calculating Marketing ROI with Attribution Variables

Figuring out your return on investment when attribution isn’t as black and white requires a slightly different approach.

For example, over a 12-month campaign, the sales team may inform the marketing team that 10% of the sales revenue came from leads that were organically prospected on the sales team and weren’t impacted by marketing’s efforts. This is an example of varying attribution of revenue and is a common problem that marketing and sales teams face. In other words: Who really gets the credit for revenue generated?

Depending on the thresholds set by both teams, you can add attribution as a this variable along with the original factors using this ROI equation:

(Sales Revenue – Organic Sales Revenue – Marketing Cost)/Marketing Cost

To calculate the ROI, tap enter or return on your keyboard and you’ll have a more precise ROI metric that attributes credit to the sales team for revenue they generated without the help of marketing.

After accounting for organic sales revenue, the marketing team’s ROI was a bit lower at 220%. To communicate this to stakeholders, you might say:

“Sales revenue for the past 12 months was $50,000. The sales team generated $10,000 of that revenue through organic efforts like prospecting. The marketing team’s campaign contributed to the other $40,000 in revenue resulting in a 220% ROI. That means for every dollar we spent in marketing costs, we made $2.20 in revenue. Compared to our past marketing campaigns that had an ROI of less than 200%, this was very successful.”

Now that we’ve reviewed a couple of examples, let’s walk through which metrics you should track to measure ROI for your marketing campaigns.

Not all metrics are equal when it comes to ROI, so you’re going to need to tell a story with the right data. Here are the top metrics to tack when measuring marketing ROI.

1. Reach

Reach is an important metric to track for advertising spend, especially for digital ads. This metric determines how many individual people saw your marketing campaign content.

If your campaign has a goal of increasing brand awareness within a large target audience, you’ll want to look at reach to make sure you’re reaching many different people rather than the same person a few thousand times.

2. Impressions

Impressions tell you how many times your marketing content was viewed. They don’t, however, don’t take into account whether the users were unique or not. Depending on your campaign goals, this metric can indicate how efficient your campaign was at spending money compared to how many times campaign assets were seen.

If your campaign goal is to guide customers through a traditional marketing funnel, repeat exposure to an ad is a key part of doing this successfully and impressions is one metric you can use to track this.

3. Visits

Your website is one of the most important marketing assets your team manages. Every time a person visits your site, they have an opportunity to become a customer and spend money with your business.

Measuring the ROI of a new website redesign using visits as a metric can give your team insight into whether the new design is working, whether SEO has improved and brought in more traffic, and more.

4. Leads

Acquiring leads can get expensive if your marketing strategy isn’t up to par. Determining ROI on lead acquisition is critical as the goal is to keep Cost Per Lead (CPL) in line with your company’s revenue goals.

It’s a good idea to develop a service level agreement (SLA) with the sales team to determine how much marketing is willing to spend on leads vs. the customer lifetime value (CLV).

5. Conversion Rates

A conversion rate details the percentage of people who take a specific action on one of your marketing assets. This could be clicking a CTA on your website, making a purchase, or signing up for a newsletter.

It’s common for a marketing team to manage several conversion paths, thus having several conversion rates to keep track of. As a result, you’ll have a different ROI for each conversion.

To measure which conversions have the best ROI, you’ll need to determine how much it costs to get a customer to the point of conversion (i.e. Did you use paid ads or organic traffic to get visitors to convert?) and how much that conversion is worth (if the conversion is a purchase, then you’d use the purchase price).

6. Customer Lifetime Value (CLV)

Believe it or not, customers are valued based on how much they spend, how many purchases they make, how often they engage with CTAs, content, and more. Your company can set the criteria for a customer’s value. Once you’ve determined this, CLV can be calculated using this formula.

CLV is a useful variable to include when calculating your marketing ROI because it compares how much you spend on marketing campaigns compared to how much money a customer is worth to the business throughout the customer life cycle.

7. Return on Ad Spend (ROAS)

Sometimes marketing campaigns rely heavily if not solely on paid digital advertisements. These ads can take many forms including search ads, display ads, social media ads, and more.

Return on Ad Spend (ROAS) is a type of ROI metric that lets you know how efficiently you’re spending your advertising dollars. The formula is the exact same as the ROI formula we shared earlier, except it only measures paid advertising dollars rather than all marketing spend which could include costs for contractors, agencies, and other functions that help launch your campaign.

If you’re curious about where your ROAS stands right now, use this free ROAS calculator to get an idea.

8. Cost Per Lead (CPL)

Cost Per Lead is a metric that marketers use to measure how many interested prospects their campaign is gaining. A lead doesn’t make a purchase. Instead, they exchange information for access to a business’s content or offers. This information can be an email address, phone number, survey, or something else that is not monetary.

What’s considered a high or low CPL varies widely by industry, company, and even campaign to campaign. Factors like copy, design, site speed, landing page content, and more can affect your CPL numbers.

9. Cost Per Acquisition (CPA)

Similar to Cost Per Lead, Cost Per Acquisition measures how many people take an action to purchase your product. An acquisition is usually identified by a visitor entering their card information to sign up for a free or discounted trial. They may also make a purchase outright.

10. Lead Close Rate

Your lead close rate is best described as the number of leads who turn into customers. Ideally, every marketer wants every lead to become a customer, resulting in a 100% lead close rate, but that’s unrealistic. Just like CPL and CPA, the lead close rate can vary widely among industries, companies, and campaigns.

Tracking this metric can identify gaps in your marketing campaign. If you notice many of your leads are not returning to make a purchase, you can identify another touch point to reach them or try retargeting them with a different ad that leads them to make a purchase.

For more marketing metrics to measure for ROI, take a look at our marketing metrics template.

How to Create Your Own Marketing Metrics Report

So now you know what metrics you need, but what about generating a report to share these metrics? Trust me, nobody wants to receive a spreadsheet and be expected to read it front and back. Even if your marketing ROI is 1000%+ day over day, you’ll probably receive a lackluster response from your stakeholders if you don’t tell a story with the data.

Follow these steps to create an engaging marketing metrics report.

Step 1: Follow along by downloading a free monthly marketing reporting template for Excel and PowerPoint.

Step 2: Open Excel and add your metrics.

The equations and graphs will automatically populate and adjust based on the metrics you add.

Step 3: Copy the graphs and paste them into PowerPoint.

Right click on the graph you want to copy and select Copy.

Then open your PowerPoint slide deck and click Paste where you want the graph to go.

Step 4: Customize your graphs and charts to fit your company’s brand.

Click on individual elements in the graph to customize them.

Step 5: Add context to tell a story with your data.

Add content to each slide that explains your marketing team’s success from the past month. For example, if you have a blog post that drove a lot of leads, you could include a photo of the post along with a few takeaways. These specific examples give context to your presentation and justify why your marketing efforts worked and how you can repeat this success in your next campaign.

ROI Excel Templates

Excel is one of the best tools to use when tracking and calculating ROI regularly. Here’s a collection of marketing ROI excel templates so you can report your metrics like a pro.

1. Reach Marketing ROI Excel Template

Calculate your marketing campaign’s reach with this ROI template. You can measure the reach of your blog, email, and social media content.

2. Website Visits Marketing ROI Excel Template

With this template, you can calculate your website visits via sources and channels including paid traffic, direct traffic, and social media referrals.

3. Leads Marketing ROI Excel Template

See how many leads are generated with your marketing campaigns with this excel ROI template. These results are segmented by source.

4. Acquisition Marketing ROI Excel Template

Use this template to track how many customers your campaign acquired, segmented by traffic source.

5. Conversion Rate Marketing ROI Excel Template

Identify how many leads converted to customers as a result of your marketing campaign with the conversion rate marketing ROI excel template.

Optimize Your Marketing Campaigns for Higher ROI

Businesses can make a lot of assumptions about how well marketing campaigns perform, but without the ROI data to back it up, they’re just that — assumptions. Get your excel sheet or marketing ROI calculator out and follow this guide to really understand how well your campaigns are doing. You may even be able to make a case for a larger budget, additional headcount, or more resources to market your product or service even better.

Editor’s note: This post was originally published in September 2013 and has been updated for comprehensiveness.

When was the last time a business fully addressed your wants and needs as a customer? For me, it was around the holidays, while searching for the perfect gift to give a friend who is a huge fan of the video game series “The Legend of Zelda.”

My online search for the right gift led me to STL Ocarina, a company that sells ocarinas — the musical wind instruments that have been around for thousands of years and a staple item in the Legend of Zelda series. Clearly, the company knew many of its customers were like me — either fans of the games or shopping for fans of the games — so it made finding Zelda-themed ocarinas on its website simple.

Just hover over the tab that says “Our Ocarinas,” and the first category to pop up under the tab says “For Legend of Zelda Fans.” From there, I was taken to a page displaying their Zelda-themed ocarinas and the option to include a songbook of the game’s music.

After purchasing the ocarina and songbook, I remembered my friend doesn’t know how to play the ocarina and the songbook may not have tips for beginners. Luckily, STL Ocarina’s confirmation email included a YouTube instructional video and links to online resources that will help him get started.

STL Ocarina serves as a great example of what customer-centric marketing looks like. During the few minutes I was on the company’s website, every touchpoint of my buyer journey was valuable, from landing on the website to browsing for the right gift to making a purchase.

Months later, I’m still recommending the website to friends who want Legend of Zelda merchandise or are simply looking for a new hobby to pick up.

In order for your company to turn customers into advocates, the same way I advocate for STL Ocarina, it’s important to add value to every part of the customer’s journey and to address their needs. A way to accomplish this is to create a solid customer-centric marketing strategy.

Customer-centric marketing ensures your customers are satisfied with their products or service enough to remain loyal and to tell others to become customers as well. To implement customer-centric marketing for your business, first ask yourself:

• How are customers connecting with your business? Is it via social media, the website, email, phone, or something else?
• Is there value being offered in each of these channels?
• What can be done to improve the customer’s experience at every touchpoint?

Customer-Centric Marketing Examples

Many companies have taken a customer-centric approach to their marketing strategy and have achieved great success. These companies include:

1. Starbucks

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One of the most well-known successful customer-centric marketing strategies comes from Starbucks with its Starbucks Reward Loyalty Program. This program offers a variety of perks, including exclusive discounts, free refills on brewed coffee, and free drinks for customers on their birthday. However, one of the program’s standout services is that it gives customers the ability to order and pay ahead of arriving at the restaurant.

This means customers who are pressed for time can schedule their items for pickup, thus avoiding long lines and inconsistent wait times.

According to Forbes, Starbucks attributed 40% of its total sales in 2019 to its rewards program. Forbes also reported users of the Loyalty Program’s app were 5.6 times more likely to visit a Starbucks every day.

2. Nordstrom

Luxury department store chain Nordstrom sought to improve its service and product discovery by creating a more streamlined and personalized shopping experience. The company achieved this by implementing its Nordstrom Analytical Platform. The platform consists of AI models that handle tasks such as inventory control and fulfillment, and routes orders to the nearest store.

The company also created fashion maps in which the AI uses natural language conversations, combined with images and information gathered from social media to predict customer preferences. Thanks to AI, the Nordstrom Analytical Platform offers personalized products and selections for customers via its Looks feature, storyboards, and more.

3. Bacardi

Back in 2019, Bacardi wanted to get potential customers in the UK and Germany excited about the brand’s new single-malt whiskies. Understanding drinkers in that demographic often have a taste for luxury, Bacardi teamed up with Amazon to create a live whisky tasting customers can enjoy from the comfort of their home.

The spirits company created its Single Malt Discovery Collection, which was made up of three whiskies exclusively for tasting. Customers in the UK and Germany could purchase the collection from Amazon and, in turn, receive access to the live streamed tasting. During the live stream, customers were able to ask questions to the host via a custom landing page on Amazon. More than 500 questions were asked and Bacardi saw an increase in sales on Amazon.

Tips for Creating a Strong Customer Centric Marketing Strategy

Crafting a customer-centric marketing strategy for the first time can be daunting, but it doesn’t have to be. Here’s how to get started:

1. Get Leadership Involved

To help ensure the success of any new strategy, it’s important to get the support and enthusiasm of senior leadership. If senior leaders prioritize customers at every channel and interaction, it will encourage others in the organization to do the same. You can get leadership on board by hosting regularly scheduled meetings to educate leadership on customer-centric marketing, discuss upcoming campaigns, and brainstorm creative ways to promote the brand.

2. Learn About Your Customers

Gain a better understanding of your customers by doing some of the following:

• Conduct surveys asking customers about the quality of the service/product, the company’s strong points, where it can improve, and how they most interact with the brand.
• Have one-on-one interviews with current and former customers asking about their experience with the company, why they choose to remain loyal, or why they left. You can also ask former customers what changes would have made them stay.
• Use data gathered from analytics tools to track customer behavior.
• Monitor social media and/or enable Google Alerts so that you can see what people are saying about your business online. For example, if customers often take to Twitter to complain about how difficult it is to navigate your website, that could be a sign to update the site. You can also gauge the type of content your customers like to see on social media. Perhaps on TikTok you notice followers enjoy behind-the-scenes videos, while customers on Twitter enjoy having their questions answered or reading important announcements.
• Read through customer emails and monitor calls to see how customers are interacting with your company.

3. Add Value to Every Customer Interaction

Customers, or potential customers, can be at any stage of their journey with your company, which is why it’s important to create appeal at every touchpoint. Whether they interact with your organization via social media, are calling to get help with a problem, or they are at the end stage of purchasing a product/service, every part of the buyer’s cycle should spark engagement and joy.

Nordstrom offering personalized products/services based on the customer’s behavior, and Starbucks creating a system that allows customers to get their needs met quickly and efficiently are great examples of adding value at different customer interactions. Same can be said for Bacardi’s virtual, at-home whisky tasting. The one thing that all of these actions have in common is that they make the customer experience fun, engaging, and simple.

4. The Value of Customer-Centric Marketing

As technology continues to change the way people interact with brands and businesses, the customer journey has become less linear. To keep up with the ever-evolving journey, companies must adopt a customer centric marketing approach to build stronger relationships that will turn your customers into some of its strongest advocates.

Your customers are consuming messages in more ways than ever before — online, in publications, on TV, the radio, and on their phones — to name a few.

For companies hoping to reach their audiences across multiple channels, engaging in media planning is a must. However, it’s almost impossible to pull off without media planning tools that give you insight into your efforts.

To help you with your media planning efforts, we’ve compiled a list of the essential media planning tools, templates, and software to use this year.

Your customers are consuming messages in more ways than ever before — online, in publications, on TV, the radio, and on their phones…to name a few.

1. HubSpot Media Planning Template [Featured Resource]

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HubSpot’s paid media template will help you keep track of how much you’re spending on paid media, where your messages have gone out, and how much attributable revenue has been generated from each source.

You’ll also gain access to charts that automatically adjust when you add your spend and ROI. This resource is free — click here to get your copy now.

What we like: This template lets you compile data from your media buying efforts on a monthly basis. With it, you can determine which paid media channel works best for your company and yields the best results for your bottom line.

2. Bionic Media Planning Software

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Bionic prides itself on its media plans, flowcharts, RFPs and IOs, trafficking, reporting, and client dashboards.

It has an average of 3.1 software updates on a monthly basis, meaning agencies using the software are provided with up-to-date planning tools to run and organize their campaigns.

What we like: Unlike other tools, Bionic is cloud-based — meaning you’ll be up and running in minutes. You also get unlimited training, support, and data backups at no extra cost.

3. Kantar SRDS Media Planning Platform

The most valuable resource for media planners is data. To feel confident promoting media on a specific platform, media planners need to know who is on each channel, in addition to understanding their target audience.

What we like: SRDS gives media planners access to extensive datasets on audience statistics and demographics so media planners can choose the right platform, message, and audience to target.

4. Media Plan HQ

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Not a fan of spreadsheets? No problem. Media Plan HQ’s got you covered. The tool tracks dates, placements, and budgets in real-time over an organized interface without having to deal with Excel. The tool is also collaborative, allowing you to work alongside your team members without the headaches caused by back-and-forth emails.

What we like: This tool gets a gold star for its collaboration capabilities. You can work alongside your team members (or share your plan with stakeholders) without the headaches caused by back-and-forth emails.

5. BluHorn

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Promising easy media planning and buying, BluHorn integrates with Nielsen and Comscore to provide users with instant access to data-rich insights. The tool is rich with useful features, such as post-buy, a vendor database, and data filters.

What we like: BluHorn is integration-rich. Connect with Nielsen & Comscore for easy planning; Google Analytics and Facebook for better tracking; and programmatic for seamless digital buying. And here’s the icing on the cake — BluHorn also integrates into Amazon AWS.

6. Quantcast

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Quantcast is an audience insights tool with data from 100 million websites. Quantcast uses AI so users can “better predict and influence [their] desired audience,” which is especially useful in an era where consumers are showered with ads wherever they go.

What we like: If you’re looking to dig into your audience’s behavior, look no further. Quantcast provides real-time insights into your ad campaigns, empowering you to better understand your audience and drive results.

7. Basis Technologies

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Rated the #1 demand-side platform on G2 Crowd, Basis “addresses your direct, programmatic, search & social through a single interface.”

The software gives users access to 9,000 vendors and 11,000 publishers and informs them with more than 180 unique data points. It also contains a messaging tool for seamless team communication.

What we like: Running multiple ad campaigns can sometimes feel like an unorchestrated chaos. But with Basis, you can integrate all your advertising (including programmatic, direct, search, and social) in one central location.

8. Comscore

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Comscore is an essential tool for “planning, transacting and evaluating media across platforms.” Best known for providing data for digital platforms, film, and television, Comscore provides audience measurement metrics for companies looking to promote their products on a visual medium.

What we like: With Comscore, you can access data to determine the true impact of your media plan. Then, you can optimize your plan across a variety of media and screens in one place.

9. Nielsen

A household name, Nielsen is synonymous with audience measurement. Known mostly for TV viewership metrics, Nielsen’s global strategy also provides users with metrics for podcasts, streaming services, and social media. This gives users an all-encompassing view of where their audience is. It’s no wonder media planners and sellers have relied on Nielsen for nearly a century.

Fun Fact: Nielsen is considered to be the first company to offer market research and is responsible for the term “market share.”

What we like: Along with advanced audience segmentation, Nielsen also provides competitive intelligence that paints a complete picture of the media landscape — which helps you identify ways to differentiate your brand from competitors.

10. HubSpot Social Media Software

Looking to keep things just to a social media audience? HubSpot’s Social Media Software allows for easy publishing and audience analysis for Facebook, Twitter, LinkedIn, and Instagram on a single platform.

Plus, you can measure how your audience converts from social media in your CRM on their journey to becoming a customer.

What we like: Are you constantly refreshing your social media to monitor interactions? With this tool, all your social media interactions link back to your CRM — which saves you time and effort.

11. Scarborough from Nielsen

Another appearance from Nielsen on this list, Scarborough is a media planning tool for companies looking to get more local, hyper-focused audience insights. This tool is great for region-specific messaging or promotion and can facilitate a more systematic rollout of the word you want to spread.

What we like: With this tool, you can profile consumers beyond standard demographics — such as their lifestyle, shopping behaviors, and media consumption. You can also narrow in on specific audience segments, like sports betters or streamers.

12. MRI-Simmons

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Marketed as “The Essential Consumer Truth Set,” MRI-Simmons provides both national and regional focus studies to those looking to learn more about their audience and plan media more effectively. Its clientele includes companies spanning multiple industries like Dell, Spotify, Coca-Cola, and Men’s Warehouse — which makes sense, given the massive amount of segmentations available to users.

What we like: As I mentioned above, MRI-Simmons is a powerful tool for segmentation. Why is this important? With segmentation, marketers can identify new audience trends to anticipate their behavior, attitudes and preferences and reach them in the most effective way.

Bonus Resource: HubSpot Academy’s Paid Media Course

HubSpot Academy’s course on How to Build a Paid Media Strategy is the perfect introduction to media planning. Whether you have a generous budget or none at all, this course provides marketers with the fundamentals of developing a paid media strategy, utilizing media throughout the buyer’s journey, and finding the ROI of your efforts. Click here to take the free course.

Media planning is an essential task for marketers. But doing it alone, or with disconnected software, will make it unnecessarily difficult. That’s why it’s important to look at the available tools and use ones that make sense for your goals.

It can be difficult to find the ideal candidate for a specific position — in fact, in 2021, 69% of companies have reported talent shortages and difficulty hiring – a 15-year high.

Regardless of the state of the economy and your talent pool, to succeed long-term, your business should be able to hire and retain the best, most talented employees.

But hiring can be a daunting task, which is why you need a talent acquisition strategy.

To succeed long-term, it’s critical you attract and retain talented employees regardless of vacant roles. Talent acquisition can help you do this, while solving for long-term organizational needs.

Now that you understand what talent acquisition is and how it differs from recruitment, let’s dive into the most effective talent acquisition strategies.

Here are eleven critical talent acquisition strategies to ensure you’re finding the best people.

1. Align with your business goals.

Consider your business goals for the next one to five years, and use those objectives to tailor your acquisition strategy to meet those needs. While recruitment tends to focus on filling vacancies within departments, talent acquisition is more about considering how your company is going to expand long term and then finding employees who can help take you there.

For instance, are you planning on expanding into Latin America? If so, perhaps your HR department should focus on attracting candidates with international or regional experience. Or, maybe you’re planning on creating a new product, in which case, your HR efforts should focus on attracting talented software developers and coders.

Certain roles might not even exist yet, but you’ll want to consider what type of talent you’ll need to hit your business’s long-term goals. Remember, investing in the right candidates will pay off for your company, long-term.

2. Use data and marketing to create better acquisition material.

You wouldn’t create a marketing campaign without data, so why should you recruit without it?

Talent acquisition should be treated with just as much importance as any of your marketing campaigns. Convincing people to join your company is just as necessary as incentivizing people to buy your products.

There are plenty of different opportunities to use data to strengthen your talent acquisition strategy. For instance, you might use data to figure out where your top talent came from, and use that information to focus your talent acquisition efforts on certain academic programs or professional networking sites.

Additionally, your HR team should partner with your marketing department to refine job descriptions, career pages, emails, and more.

Using data, you can figure out if certain questions are deterring candidates from filling out job applications, and eliminate those questions. Alternatively, perhaps you’ll find adding images or videos to highlight company culture incentivizes more candidates to fill out job forms. Or, maybe more candidates apply for a job with description A over description B.

By using analytics and data, you’re able to ensure your job descriptions and career pages aren’t deterring qualified people from applying.

Bullhorn is designed to tackle some of the biggest tasks of talent acquisition: recruiting candidates, and sorting through the job pool. Their software was created to streamline applicant tracking systems and improve profitability for any size business.

3. Expand outreach strategies.

To find better talent, you’ll need to expand your sourcing strategies. Different skill sets require different methods of outreach. You’ll find your best marketers in a different place than your best programmers, so you’ll want to diversify your sourcing approach.

Rather than spending all your time on LinkedIn, consider other specialized job boards, academic programs, or networking events where you might find a specific group of talented professionals. For instance, SmartRecruiter is a CRM that is developed for recruiting candidates and coordinating calendars for potential new hires.

It’s critical you identify where you can find the vast majority of your top talent, whether that be professional events, conferences, online forums, or social networks. Then, focus on strengthening relationships and networking with the right people — not only will you grow your pool of potential hires, but you’ll also grow brand awareness for your company, which will help you attract talent in the future, as well.

4. Build your company brand.

Millions of millennials and older Generation Z candidates make up the current job force. This group of potential employees came of age with the internet and social media. In researching your business, these individuals look at social media accounts, websites, and job boards to understand your work culture.

When looking into your company, candidates will have questions. What is the workplace atmosphere? Do their employees look happy? Is there potential for growth? Leverage your current employees and capitalize on the instant broadcast capabilities of your website and social media. Post images and videos of your employees at work. Encourage employees to interact with your company on its platforms. Congratulate employees on internal promotions.

Note the focus on employees. A company that focuses on the well-being of its staff is a place where people will strive to work. Building your company identity to reflect a positive, expanding environment can be an effective tool in your talent acquisition strategy.

5. Emphasize the company’s corporate social responsibilities.

Companies have taken a step back from policies that only benefit them. Your company needs to focus on pursuing its goals while benefiting others. Your company’s corporate social responsibilities (CSR) are a considerable tool for attracting top candidates aligned with your organization’s values and beliefs.

Corporate social responsibilities lead to the betterment of your brand image, workplace culture, and general society. For example, while Ben & Jerry’s is known for its collection of ice cream flavors, the brand also stands out for its long-standing commitment to social responsibilities. Since 1985, Ben & Jerry’s has donated 7.5% of its pretax earnings to social causes like Greenpeace and Vietnam Veterans of America. Since then, the company has supported voting rights, racial justice, LGBTQ+ rights, and more. With a menu item dedicated to its values on the landing page of its website, the ice cream company emphasizes the importance of its CSR.

On the career landing page for your company, your CSR should be immediately noticeable through images and videos throughout the page. If your company focuses on diversity and inclusivity, demonstrate that. If your company stands behind sustainability, illustrate that through your content. Employees rarely want to work for a company that contradicts their values and beliefs. Use your corporate social responsibilities to attract like-minded candidates who will be passionate about working for your business.

6. Increase budget for the DE&I department.

Diversity, equity, and inclusion is critical for creating a successful talent acquisition strategy — in fact, Dan Schawbel a best-selling author and managing partner of a New York City-based HR research and advisory firm says “This year, 70 percent of job seekers said they want to work for a company that demonstrates a commitment to diversity and inclusion.

The face of the workforce has changed drastically in the last fifty years. In 2022, there are more women and minorities applying for jobs, and as stated by Schawbel, the majority of job seekers want to see this reflected in a company.

DE&I training is imperative and demonstrates that your company is willing to stay current and relevant with changing times. To see an ROI on your investment in training, prioritize retention. During the job application process, continue to eliminate biases in resume reviewing. Ways to remove biases include removing names and photos when sourcing candidates, making applications and resumes anonymous before review, and creating a diverse hiring team.

7. Offer updated work options.

The COVID-19 pandemic reshaped the American work model. Talent acquisition specialists adapt their work models to conduct online onboarding versus meeting candidates face-to-face. As the workforce evolves with more technological advances, workers will strive for more work/life balance.

A professional at Goldman Sachs posted a question on the finance message board of Blind, an anonymous professional network. They asked, “Would you rather make $30k more switching to a new job that requires you to work in the office, or would you rather keep your current salary but WFH anywhere after covid?” The network found that 64% of professionals prefer to permanently work from home over a $30K compensation increase. Other professional groups who favored permanent work from home over a compensation increase include Airbnb (71%), Lyft (81%), Twitter (89%), and Zillow Group (100%).

Employees want to work from home. Remote work models lead to higher productivity. On average, workers are 13% more productive when working from home. As technology continues to advance, your company needs to adjust and consider incorporating remote or hybrid work models while also cutting costs in outdated recruitment techniques to funnel the money into talent acquisition software.

8. Design a competitive and comprehensive benefits plan.

When it comes to compensation packages, employees may be willing to accept a lower salary if balanced by comprehensive health benefits e.g. medical, vision, and dental. Employees want good health benefits, and that includes mental health.

Life inside the workplace is not all that matters in talent acquisition. Consider what happens in an employee’s life outside the business. Does your business model allow for a healthy work/life balance? Are your employees able to receive sufficient healthcare? What kind of retirement or investment opportunities do you offer? Potential candidates will ask these questions about your company. It is necessary to provide the answers with a comprehensive benefits plan.

9. Promote internal diversity.

Many industries are dominated by men leading to women feeling underrepresented within the company’s culture. While the number of women in the workforce has increased significantly over the last few decades, men still hold most positions of power. There is also a racial disparity in corporate America. When HR departments create internal coalitions to rally morale, it increases diversity and inclusion efforts from inside the workforce. To build a diverse and inclusive culture, your company needs to give a voice to people from a wide range of backgrounds.

Diversity should be a company-wide model; however, it begins at the top. Educate yourself on various cultural traditions and backgrounds. Create a workplace where different perspectives are valued and voiced. Employees tend to follow the example of their boss or manager, and setting this example can span internal diversity across your company.

10. Partner with local universities to build an applicant pool.

To build a pipeline of potential candidates, companies partner with educational institutions. It helps establish a relationship between students and future employers.

Take IBM, for example. The technology corporation has partnered with The University of Notre Dame, Virginia Tech, and Florida State University to provide access to its systems for teaching and research. IBM has also planned joint-research collaborations with Duke University and Harvard University.

Instead of waiting for interested candidates to come across the company, IBM has started cultivating relationships with potential applicants. This strategy attracts candidates after graduation and boosts company retention.

11. Add other incentives.

Large to mid-size corporations use eye-catching bonuses and employee benefits to compete in a global market to attract top talent within the industry, but financial incentives aren’t the only things that matter.

When talented candidates are comparing companies, they’re going to consider values, culture, and work-life balance, too. By cultivating an impressive employer brand, you’ll attract better talent and find more long-term success.

To succeed with talent acquisition, consider how you can reframe your branding to focus on the best aspects of your company’s values and culture. You might mention your flexible remote policy and other work-life balance perks, or your company’s emphasis on growth opportunities.

It’s important to broadcast these unique attributes through employee review sites like Glassdoor, as well as your “About Us” page on your company website. When highly qualified people are contemplating your company over your competitors, it just might be those reviews that end up convincing them.

A Talent Acquisition Strategy to Find Top Talent

Your pursuit of top talent shouldn’t solely rely on traditional, short-term recruitment strategies like sending LinkedIn messages or attending job fairs. To ensure top talent acquisition and retention, you’ll need to devise a strategic long-term talent acquisition plan.

Editor’s note: This post was originally published in November 2018 and has been updated for comprehensiveness.

Inclusive content is no longer considered a bonus for video marketers; Diversity, Equity & Inclusion (DEI) is an integral component of an effective video content strategy.

According to Facebook Advertising, 64% of audiences in the US, UK, and Brazil said they would like to see more diversity. Deloitte’s Heat Test Report found 69% of brands with representation in ads saw an average stock gain of 44%.

But where does one start? Diversity isn’t something you can simply check off a list — implementing inclusive content is complex. It has many facets internally and externally in an organization and includes multiple areas that must be taken into consideration when brand and marketing teams plan and produce diverse content strategies.

Many marketers are working against legacy systems and ways of doing things that have been in practice for years, if not decades or more. What can brands and marketing teams do today to start implementing successful DEI content strategies?

At Storyblocks, a rapid video creation company, we’ve released the Diversity in Video Report to help businesses and marketers implement effective DEI content strategies. Through conducting quantitative and qualitative market analysis over a period of the last four years, we could see how the DEI landscape has evolved in video marketing and determine what the key takeaways are for brands today.

About the Diversity in Video Report

Thanks to our growing diverse video content library at Storyblocks, we’ve been given unique access to what is important to content creators and brands today. Our research analyzes over 250 million searches and over 45 million downloads from our user database of businesses, marketing teams, and individual content creators from 18 industries worldwide.

In addition to these quantitative data points, the research also includes a qualitative in-depth analysis of noteworthy brand DEI initiatives over the last few years. Through evaluating what the top global brands have done to implement DEI strategies, this qualitative study shines a light on best practices and lessons to be learned from the successes and failures of the big players in the market. We include specific examples from companies like Citi, Netflix, Sesame Street, and more.

Diversity in Video Report Findings

1. Diversity doesn’t stop at race.

Diversity is often thought of in terms of race, but our research suggests that diversity in video marketing extends beyond that. Diversity has many layers and includes diversity in faith, age, sexual orientation, ability, body type, and more in addition to racial diversity.

In 2021 the top five DEI keywords and searches by all businesses were: body diversity, elderly, Muslim, general diversity, and African American.

Body diversity, particularly the representation of plus-sized bodies, is something multiple industries prioritized in 2021. This is an area of diversity that has been historically underrepresented, with most ads showing thin body types. Today marketers are approaching this differently, highlighting the importance of body diversity in content planning.

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2. There’s an increased demand for BIPOC representation in media and marketing.

Compared to 2019, there has been a 113% increase in BIPOC (Black, Indigineous, and People of Color) video searches from members and visitors, with 937,000 more searches in 2021. There has been a 195% increase in the number of BIPOC video downloads, with 2.3 million more downloads in 2021 compared to 2019.

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This increase in demand for BIPOC representation in media is likely linked to the murder of George Floyd and the vast racial inequities that led to increased coverage of the Black Lives Matter (BLM) movement that took place in the spring of 2020.

This movement resulted in a global cultural awakening that led to a ripple effect on different facets of media and business. Similar to the evolution of BLM, demand for BIPOC representation in media is not a ‘moment’ — the movement is still continuing and growing today.

3. Demand for diversity is clear with an increase of over 100% in just two years.

It’s clear that brands and video marketers are getting the message and listening to consumers’ undeniable demands for representation. Many businesses have been prioritizing inclusion when producing video content in the last few years.

In 2021, diversity searches including race, ethnicity, ability, age, body and LGBTQIA+ increased by 104% from 2019, with 1.1 million more diversity searches in 2021 from both Storyblocks members and visitors.

Similarly, downloads of diverse content increased by a massive 191% from 2019, with 3 million more downloads of content that include more authentic representation of communities in 2021.

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What the future of diverse content looks like.

The data indicate DEI is not a trend — the increase in diverse video content creation and consumption in media is increasing. We see DEI in video and advertising becoming an intentional, thought-out practice that more businesses invest in and strategize around.

Diverse Video Content Best Practices

1. Don’t insert your brand into a community without research.

The most powerful tool to invest in when approaching DEI is research. If a community is “trending” and receiving increased attention in the media for any given reason, be careful before your marketing team dives headfirst into the conversation.

Do your due diligence and fully understand the community you are planning on representing in your content. So many failed DEI campaigns that have received public backlash could have been avoided if the research phase was done properly.

2. Have a DEI strategy in place.

Set clear and measurable DEI goals and targets that are cross-functional and involve different workstreams and teams in your organization. DEI initiatives shouldn’t just be put on a singular group — DEI should be incorporated into your company’s strategy as a whole.

When a company is serious about its DEI efforts and has a results-driven strategy, dedicating financial resources is essential, similar to how sales and marketing have quarterly and annual budgets. DEI should be no different.

3. Diverse representation needs to exist at the decision making level.

This past year, Storyblocks worked with Indigenous filmmakers to increase the representation of Indigenous communities in our libraries. We recognized our team did not have adequate Indigenous representation, so our marketing team hired a board of external advisors from the Indigenous community to act as guides on how to best communicate, understand the community’s pain points, encourage compassion and avoid harmful misrepresentation.

When aiming to create content that’s inclusive, make sure the decision makers represent who you are speaking to. Recognize when your team is not as inclusive as you’d like and reach out for third-party support to make up for the representation your team is lacking.

Final Thoughts

Armed with the information we’ve compiled in this report, you should be able to build or take a critical look at your DEI video strategy successfully. A crucial part of that success lies in you and/or your business’s ability to approach DEI thoughtfully. Learn from the successes and failures of other brands, bring in diverse voices and understand that this isn’t something you should rush to implement. Take time and care in crafting your approach.

We’re still learning lessons ourselves, and are on this journey with you. We can’t wait to see what you create.

Instagram is a top-rated app, with more than 1 billion global monthly active users.

Given the size of its user base, businesses have valuable opportunities on the platform to generate an audience, build a community, and drive sales.

To help learn more about how to grow your business on the app and create an engaged community, the HubSpot Blog surveyed more than 1,000 marketing professionals that use the platform. Here are some of our key findings.

How Marketers Grew Their Following in 2021

In 2021, marketers reported that the key to growing an account to the first 1,000 followers on Instagram was by creating shareable content with high-quality captions. Growing their following past 1,000 followers involved posting engaging Stories, engaging with users, and partnering with influencers, all of which we’ll discuss in more detail below.

If you’re having trouble growing your following, or are losing followers, marketers report that this typically occurs for a few key reasons: not posting often enough, being too sales-y, and Instagram removing bot followers.

How Marketers Grew Engagement in 2021

In 2021, marketers increased engagement on Instagram through audience interaction, and creating content that encourages engagement. For example,

• Creating content that is shareable, inspiring audiences to share it on their own profiles via Stories or reposting on their feed,
• Monitoring your comments and mentions to find user-generated content that you can share on your profile,
• Responding to comments and DMs from audience members when it makes sense to do so.

How Marketers Grew Instagram ROI in 2021

49% of marketers reported that, out of all the platforms they leverage, Instagram has the highest ROI. Here are the strategies that they used to grow ROI:

• Leveraging Instagram shopping tools.

This was the most popular strategy, as 79% of Instagram marketers have used shopping tools in their roles, and 33% plan to use them for the first time in 2022.

• Creating content centered around a brand’s product and services.

This informs audiences of your offerings on a platform that they’re already familiar with, and has the second highest ROI of any content type.

• Creating interactive Instagram Stories.

The tool is leveraged by 45% of IG marketers, and 92% plan to increase or maintain their investment in 2022. Stories are also the number two format for gaining followers and getting your content shared on Instagram.

Instagram Growth Tips for 2022

Now that you know some of the key ways marketers found success on Instagram in 2021, let’s look forward to how you can create an organic Instagram growth strategy for your business in 2022.

1. Leverage different content formats.

Video and carousel posts are the most engaged with type of content on Instagram, especially when compared to single images. For reference, carousel posts contain multiple different media forms (image or video) in one, allowing you to create high-impact posts.

Both forms of content keep users engaged for longer, whether they’re scrolling through your 5 picture photo set, or watching a video. The longer a user stays interacting with your content, the longer they’re engaged.

While video and carousel posts are the most popular, you can also experiment with different content formats (like Reels and Stories) and see what resonates most with your audience.

2. Post at the right times.

When you post on Instagram, it’s important to post a time that allows you to meet your audiences when they’re online and more likely to engage with your posts.

The best way to decide what time to post on Instagram is to monitor your analytics, as mentioned above. However, the universal benchmark for ideal timing is posting between 6PM and 9PM, and the best days are Saturday, Friday, and Sunday, respectively.

3. Post consistently.

Growing your profile is tied to how much you post, so aim to post consistently. The more content you share, the more opportunities you have for engagement and growing your profile. As such, create a consistent posting schedule that helps you stay top of mind for your audiences.

Many marketers report that four to six posts per week is the sweet spot. Be mindful, though, that there is such a thing as posting too much on Instagram. Don’t oversaturate your audiences, but instead be strategic.

4. Partner with influencers that are relevant to your business.

While it seems like a best practice to partner with influencers with tons of followers, HubSpot’s Instagram Engagement Report says your efforts are more worthwhile if you partner with influencers that are more connected to their audience and community over follower count.

When you do this, you’re working with someone that has built trust with their audience, regardless of its size. And, when an influencer’s audience trusts them wholeheartedly, they’re more likely to trust their opinion on products or services and be curious and eager to learn more about what your brand offers.

Micro-influencers with 10k to 50k followers and nano-influencers with under 10k followers are considered to be the next wave of influencer marketing.

5. Monitor your engagement.

You may be saying “Yeah, I knew that” but monitoring your Instagram engagement is important, so it’s an important callout. In fact, it is the most impactful way to grow your engagement, as you’ll learn exactly what works and what doesn’t.

For example, your profile insights may say that users engage more with your videos. If you spend most of your time creating Stories, you’re actively ignoring what your audiences value most. Instead, you’d want to leverage the information from your insights and focus on sharing high-quality video content.

Consistently monitor your engagement analytics to make informed decisions that will help you grow better.

5. Write strong, compelling captions.

Always include captions on your posts — doing so can increase your engagement by almost 2%. Quick and short captions (1-20 characters) perform well, and so do longer ones (over 2000 characters).

Regardless of their length, you should always aim to create high-quality captions that are informative, engaging, and related to the content you share.

7. Use hashtags.

Using hashtags on Instagram helps you get your content seen by people who don’t follow you but surf the hashtags you use on their Explore page.

If you choose hashtags relevant to your business and use them in your captions, people can find your posts, discover your profile and follow you and help you grow your account. Case in point, 81% of marketers say that using hashtags has been somewhat or very effective for their Instagram strategy.

Over To You

Growing a following on any platform can be challenging, especially if you’re starting from scratch. Leverage the tips on this list from other marketers who have gone through it and reaped the benefits to begin creating your own Instagram growth strategy that helps you build an engaged community.

Products are never just products, right?

Coca-Cola is more than a soda. Starbucks is more than coffee. Ray-Ban is more than a pair of sunglasses.

Interacting with these products provides experiences, and we buy them with that experience in mind. Better yet, the companies that create and market them know exactly the experience they want you to have when you make (or consider) a purchase. That’s why they cultivate their brands.

From the language in their Instagram caption, to the color palette on their latest billboard, down to the material used in their packaging, companies who create strong brands know that their brand needs to live everywhere. They know their names extend far beyond the label and can entice consumers to choose their products out of a lineup of options.

Who doesn’t want that? I know I do. That’s why we built this guide — to equip you to create and manage a strong brand that’ll help your business be admired, remembered, and preferred.

If you’re in a pinch, use the links below to jump ahead to find what you need.

What’s a brand?

A brand is a feature or set of features that distinguish one organization from another. A brand is typically comprised of a name, tagline, logo or symbol, design, brand voice, and more. It also refers to the overall experience a customer undergoes when interacting with a business — as a shopper, customer, social media follower, or mere passerby.

What is branding?

Branding is the process of researching, developing, and applying a distinctive feature or set of features to your organization so that consumers can begin to associate your brand with your products or services.

For example, the Coca-Cola brand is one of the most recognizable logos and color stories around the world. The classic red and white lettering, vibrant artwork, and distinctive font have lasted for over a century.

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Having stood the test of time, the Coca-Cola brand is a testament to the power of consistent, successful branding that consumers have come to love.

That being said, branding is an iterative process and requires getting in touch with the heart of your customers and your business. It’s important for a variety of reasons — and we’ll go through them below.

Branding can be the deciding factor for consumers when they make a purchase decision. In fact, a Capgemini study found that users who feel a connection to a brand spend twice as much money as those who don’t.

Branding gives your business an identity beyond its product or service. It gives consumers something to relate to and connect with.

Branding makes your business memorable. It’s the face of your company and helps consumers distinguish your business across every medium (which I discuss later).

Branding supports your marketing and advertising efforts. It helps your promotion pack that extra punch with added recognition and impact.

Branding brings your employees pride. When you brand your company, you’re not only giving your business identity, you’re also creating a reputable, highly-regarded workplace. Strong branding brings in strong employees.

Branding Terms to Know

Here are some other brand-related buzzwords you should know. They further demonstrate the importance and value of branding your business.

Brand Awareness

Brand awareness refers to how familiar the general public and your target audience is with your brand. High brand awareness leads to brands being referred to as “trending,” “buzzworthy, or “popular.” Brand awareness is important because consumers can’t consider purchasing from your brand if they’re not aware of it.

👉🏼 Strong branding makes your business known.

Brand Extension

Brand extensions are when companies “extend” their brand to develop new products in new industries and markets. Consider Honda lawn mowers or Martha Stewart bedding. Brand extensions allow companies (or individuals) to leverage brand awareness and equity to create more revenue streams and diversify product lines.

👉🏼 Strong branding brings in more money.

Brand Identity

Brand identity is the personality of your business and the promise you make to your customers. It’s what you want your customers to walk away with after they interact with your brand. Your brand identity is typically comprised of your values, how you communicate your product or service, and what you want people to feel when they interact with it.

👉🏼 Strong branding gives your business more than a name.

Brand Management

Brand management refers to the process of creating and maintaining your brand. It includes managing the tangible elements of your brand (style guide, packaging, color palette) and the intangible elements (how it’s perceived by your target audience and customer base). Your brand is a living, breathing asset, and it should be managed as such.

👉🏼 Strong branding requires consistent upkeep.

Brand Recognition

Brand recognition is how well a consumer (ideally in your target audience) can recognize and identify your brand without seeing your business name — through your logo, tagline, jingle, packaging, or advertising. This concept goes hand-in-hand with brand recall, which is the ability to think of a brand without any visual or auditory identifiers.

👉🏼 Strong branding keeps your business top-of-mind.

Real-life brand example: Want to test your brand knowledge? Take this Logo Quiz by Business Insider to see how well you know your corporate brands. This is brand recognition at work.

Brand Trust

Brand trust refers to how strongly customers and consumers believe in your brand. Do you deliver on your marketing promises? Do your salespeople and customer service go above and beyond? These things can create trust among your customers, which is important in a world where a mere 25% of people feel confident in large businesses.

👉🏼 Strong branding builds trust with your customers.

Brand Valuation

Brand valuation is the commercial valuation of your brand derived from consumer perception, recognition, and trust. This concept goes hand-in-hand with brand equity. A powerful brand can make your business invaluable to investors, shareholders, and potential buyers.

👉🏼 Strong branding increases your business’s value.

Here’s how you can create a brand — or begin the process of rebranding your current one.

There’s a lot that goes into a brand, and there’s a lot to consider when building a strong one. So, grab a notebook and jot down ideas as you move through this section. Recognize that branding is an iterative process, so you might be repeating some of these steps as you brainstorm and build your brand.

Want to build an effective, measurable brand? Download our free guide on How to Build a Brand.

1. Determine your target audience.

Branding leads to awareness, recognition, trust, and revenue. We’ve talked about that. But let’s take a step back and understand where those stem from: consumers. And not just any consumers — your target audience and customers.

If your brand doesn’t resonate with your audience, it won’t lead to that awareness, recognition, trust, and revenue. That’s where target market research comes in.

Before pressing pen to paper (or cursor to digital document), you must understand to whom your branding will be speaking. Who does your product serve? Who is your ideal customer? Why did you create your business in the first place?

What you learn about your target market and buyer personas will influence your branding decisions down the line, so make this step your first priority.

Download our free Persona Templates to easily organize your target audience research and strengthen your marketing.

2. Establish your mission statement.

Let’s return to a question I asked in the previous step: Why did you create your business? Answering this will help you build your mission statement, which defines your purpose and passion as an organization.

Before you can craft a brand that your audience recognizes, values, and trusts, you must be able to communicate the purpose that your business provides. Then, every part of your brand (logo, tagline, imagery, voice, and personality) can reflect that mission and vision.

Your mission statement is a building block of your brand manifesto, which encompasses why your organization exists and why people should care about your brand.

Download our free guide to Defining Inspiring Mission and Vision Statements and learn the ins-and-outs of two of the most valuable strategic planning elements for businesses.

3. Define your unique values, qualities, and benefits.

There are probably lots of businesses in your industry and niche. It’s easy to focus on your competition (and there’s a time and place for competitive analysis), but, for now, let’s focus on you.

What’s one thing that your business has that no one else can mimic (er, legally)? Your brand.

Because of that, you must ensure that your brand is comprised of and inspired by elements that are solely yours: the values, benefits, and qualities that make your company unique.

Take a moment to jot down a list of what sets your business apart from others. I’m not talking about product features (like appearance, components, or capabilities); I’m referring to how your products or services improve lives and contribute to success.

Real-Life Brand Example: Alani Nutrition

You’ve probably never heard of Alani Nu; they’re a nutrition company based in my hometown of Louisville, Kentucky. I order their vitamins because 1) they’re proven to work, and 2) I trust and respect the brand (and it’s gorgeous!). On their website, they’ve clearly and simply outlined their unique values and benefits as part of their overall brand. Highlighting these makes it easy for customers like me to trust their products and choose them over competitors.

4. Create your visual assets.

At this point, you should understand your target audience, your mission statement, and the unique qualities that make up your business.

If you can say with confidence that you’ve mastered these steps, it’s time to move on to one of the more exciting parts of branding — the visual design. We’re talking about your logo, color palette, typography (fonts), iconography, and other visual components.

As you create these elements, build a set of brand guidelines (or a brand style guide) to govern the composition and use of your visual assets. This will ensure that whoever uses your new branding does so accurately and consistently. Check out HubSpot’s brand guidelines for reference.

Note: Design can be just as intimidating as it is exciting. Consider hiring a professional with logo and identity design experience or starting with a few helpful design templates.

Take your brand to the next level with this free e-book on creating a brand style guide. Download templates, too!

5. Find your brand voice.

Next, consider the auditory component of your brand. What would your brand sound like if you had a conversation with it, or if it texted you?

How you communicate with your target market is also considered part of your branding. You want to define a brand voice that connects and resonates with your audience — otherwise, they probably won’t pay attention. Because of that, don’t hesitate to return to step one to get familiar with to whom you’re speaking.

From your advertising campaigns and social media captions to your blog posts and brand story, ensure your tone is consistent throughout all of your written content. Give your audience a chance to get familiar with your brand and learn to recognize the sound of your voice. Better yet, master a fun, entertaining voice, and your customers will look forward to your social media and email updates.

Real-Life Brand Example: MailChimp

MailChimp is a great example of a brand that speaks with a clear, consistent tone. When I used their free plan for my small business, I always chuckled when receiving their emails and working in their interface. From its web copy to its email blasts and social media captions, MailChimp has established a brand voice and personality that is personable, fun, and accessible — it can be hard to explain the technical parts of a software product (like A/B testing), but MailChimp has mastered that, too.

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6. Put your branding to work

Your brand only works if you do. Once you finish designing and creating your new brand (or rebrand) integrate it throughout every inch of your business. Pay extra attention to ensure it’s displayed anywhere your business touches customers. Here are a handful of tips for applying your brand across your organization.

Website

Splash your logo, color palette, and typography across your website. Don’t use anything but your predefined assets in your brand guidelines. Your website is a major part of your company identity — if it doesn’t reflect your brand, it will only provide a jarring customer experience. Also, be sure that all web copy, calls-to-action, and product descriptions reflect your brand voice.

Social Media

All profile photos, cover art, and branded imagery should reflect your brand. Consider putting your logo as your profile photo — this will make it easier for customers to recognize your business. As with your website, be sure all profile information, posts, and captions reflect your brand voice.

Packaging

If you have a physical products business, your product is probably the most tangible way that customers interact with your brand. For that reason, your packaging should reflect your new branding — in its design, colors, size, and feel.

Real-Life Brand Example: Chobani

I love Chobani yogurt (confession: I’m eating it right now). Their new branding immediately tells me that they produce authentic, healthy Greek yogurt. That’s one of the main reasons I buy Chobani. Recently, I realized that their yogurt packages are made with a very earthy, textured material — an intentional decision that supports the overall experience they’ve paired with purchasing and eating the Chobani brand.

Advertising

Because advertisements (digital and print) are often used to establish brand awareness and introduce consumers to your brand, it’s critical that they reflect your branding. In fact, your branding should make the ad creation process easier — with your brand style guide, you already know how your ads should appear and what type of copy to write.

Sales and Customer Service

A brand is only as powerful as the people behind it, and if your people aren’t putting your brand to work, it won’t work for you. Moreover, your brand applies to more than your marketing. Inform your sales and customer service folks of your brand guidelines and tell them to use it, especially when they engage directly with customers. Whether they are sharing a branded product demo or answering customer support inquiries, encourage them to use your logo, tagline, imagery, and brand voice.

1. Treat your brand as a person.

To best wrap your head around the branding process, think of your brand as a person. Your brand should have an identity (who it is), personality (how it behaves), and experience (how it’s remembered).

Ask yourself these questions about your brand:

• How would your brand introduce itself? If it had to describe its appearance, how would it do so?
• How would your brand talk about your products or services? Would it be serious and professional, or would it be humorous and edgy?
• What would someone say about your brand after “meeting” it for the first time? What are a few sentences they’d use to describe it?

The purpose of branding is to create relationships with your customers. The easiest way to do this is to treat your brand as a person and understand that you want your customers to do the same.

Real-Life Brand Example: Whiskey Riff

Whiskey Riff is another brand you’re probably not familiar with. It’s a two-man media company based here in Chicago that’s dubbed themselves “the most entertaining country music site ever”. I’m a fan because I love country music, enjoy their written and podcast content, and proudly wear some of its awesome apparel.

If Whiskey Riff was a person, here’s how I’d think it would answer the questions above:

• “Hey, I’m Whiskey Riff. I love country music and, you guessed it, Whiskey. My logo was inspired by the Y in the circle on the Chicago Theater marquee, and I’m adorned with horizontal red stripes and stars — which represent the American and Chicago flags.”
• “I publish in-your-face content about what’s going on in country music today. If you don’t like it, don’t read it. My podcast featured my founders interviewing country music artists and telling hilarious stories. Check out my apparel line; my t-shirts, tanks, hats, and accessories can be seen at country music festivals (and on stages) nationwide.”
• “Whiskey Riff is like that first shot of Jack Daniels — that much-needed, refreshing drink after a long day. It’s a break from that cookie-cutter way of life, and you immediately appreciate — and trust — its candidness. There’s absolutely nothing like it in the industry.”

2. Prioritize consistency.

Inconsistency is the number one branding mistake that companies make. Inconsistency undermines your brand and confuses your customers. Recognizable, valuable brands prioritize consistency — and they reap the benefits. When your brand is a unified presence across mediums and platforms, customers can easily get familiar with, recognize, and come to prefer your brand over time. Brand guidelines can help with this initiative.

3. Build and follow a brand strategy.

A brand strategy is more than your brand guidelines; it’s a plan with specific, long-term goals that can be achieved as your brand evolves. These goals typically revolve around your brand’s purpose, emotion, flexibility, competitive awareness, and employee involvement.

Remember how I said that branding is a continuous process? There’s a lot that goes into it. A brand strategy can help you turn that process into a well-oiled practice that keeps your brand moving toward success and recognition.

4. Don’t let inspiration turn into imitation.

Competitive analysis is important. Not only does it educate you on where your competition stands and how they are excelling, but it can also give you ideas on how you can improve or further set apart your brand.

However, be conscious to not fall into an imitation trap. Keep your competitive research limited and focus on what your organization brings to the table. Just because a competitor (or two) has branded their company in a certain way doesn’t mean that you have to follow suit. New, unique, provocative brands are memorable brands.

5. Use branding to hire.

Strong branding makes your employees proud. I know I’m proud to be associated with HubSpot, much less work there. Leverage your branding to attract talented people. If hiring is a strong initiative for your organization, dedicate some of your resources to employer branding. Employer branding is how you market your company to job seekers and current employees. If you’re publically proud of your organization, others will be, too.

Ready, Set, Brand

Branding is your organization’s name, logo, color palette, voice, and imagery. It’s also more. It’s that intangible feeling your customers have when they interact with your brand. You know, that experience we talked about in the beginning.

That’s how powerhouse brands deviate from all the others. The tangible components contribute to this — a gorgeous logo, a clever tagline, an authentic manifesto, and a clear brand voice — but truly strong brands thrive when they focus on the big picture of their brand. Get to the heart and soul of your target audience and your organization, and a successful brand will follow.

Editor’s Note: This article was originally published in March 2021 and has been updated for comprehensiveness.

Just because we’re marketers doesn’t mean we really know the science behind what drives consumers to purchase. But marketing without that information is like walking outside with a blindfold on – it’s going to be very hard to end up at your destination without a scratch.

Below, we’ll cover some data sets on buyer behavior, their key findings, and the lessons you should take away from each piece of research.

So let’s dive right in.

Statistics on the Growth of Online Shopping

According to Statista, online shoppers have increased from 209 million in 2016 to 230 million in 2021.

While technological advances were already shifting how consumers approached shopping, the onset of the pandemic in 2020 aided this shift event more.

In fact, a Stackla report found that 67% of consumers say their online purchasing has increased since the start of the pandemic – 27% said it increased considerably.

With social media platforms offering advanced shopping features, it’s no wonder shoppers are buying more online. On Instagram, you can discover a brand, sift through its products, and complete a purchase without ever leaving the app.

This frictionless shopping experience helps contribute to a consumer base that shops exclusively online.

A Jungle Scout survey found that 46% of consumers only buy holiday gifts online.

So, what does this mean for brands? This forces brands that focused more on offline campaigns to shift gears and redirect their attention to online consumers.

This data isn’t suggesting that you should now change your business model to an online-first approach. However, to stay relevant and competitive, building a strong digital presence is key.

What Drives Online Shoppers

One of the biggest questions marketers have surrounding online shopping is what gets the consumer to finally click that “Buy” button. The answer is complicated because it varies based on the audience, the industry, the product, and many other factors.

However, there are some universal elements that definitely help steer consumers toward purchase.

The first is personalization. According to the Stackla report, 72% of people say they are more likely to purchase from a brand if it consistently provides them with a more personalized experience.

Personally, any brand email I receive that includes my name gets more attention than the ones that don’t. Why? It catches my attention and makes the email feel more intimate – even though I know it was likely automated.

Another big driver is user-generated content. We know that social proof can be incredibly effective in creating buzz surrounding a brand.

In the same report, 79% of people say UGC highly impacts their purchasing decisions, considerably more than branded content and influencer content.

Another form of social proof? Reviews.

58% of consumers have left an ecommerce store without purchasing because the site didn’t contain any customer reviews or photos.

Images can be incredibly impactful when someone is considering a purchase. In fact, most consumers surveyed in the Stackla report say they’re more influenced by social media images and videos than they were before the pandemic.

A long-term play that drives purchases is building community.

According to the report, 61% of consumers would be more loyal and more likely to buy from a brand if they were invited to be part of a customer advocate community or content creators.

When you build a community with your audience, they feel more connected to your brand and thus, more likely to purchase and spread the word.

Millennials Online Shopping Statistics

When it comes to Millennials specifically, here are some interesting stats about their online shopping behaviors.

• 60% of Millennials have left an eCommerce store without purchasing because the site didn’t have customer reviews or photos. (Stackla report, 2021)
• Millennials spending power is $2.5 trillion. (Ypulse, 2020)
• 30% of Millennials used buy-now-pay-later services (BNPL) in 2021 and 39.5% are forecasted to use them in 2023. (Statista, 2021)
• Roughly 40% of Millennials say that they have started a new relationship (or strengthened an existing one) with businesses that prioritize the environment. (Deloitte, 2020)

If you run a website, then you’ve likely spent time creating and optimizing a marketing strategy to drive traffic to your website. But how many visitors should you aim for your website to get?

To answer that question, you will need to complete the following steps: 

• determine how many visitors are typical to websites in your industry
• determine how many visitors are “good” for websites in your industry
• establish a goal based on variables like industry, size, and user experience and create an action plan to achieve it

In this post, we’ll walk through how to complete each of these steps. Feel free to jump on one of the links above to skip to that step. Otherwise, let’s get started. 

How many visitors does a website typically get?

It depends. With over 1.9 billion websites on the internet today, it is impossible to provide one number, or even a range, to accurately answer this question. Fortunately, there is data as well as tools and other resources to help you make an educated guess for websites in your industry.

To this end, the HubSpot Blog surveyed over 400 web traffic analysts in the U.S. to gather data on various metrics including their monthly traffic, bounce rate, click-through rate, and the strategies they use to rank on search engine results pages. The majority tracked analytics for B2C websites, while the rest tracked for B2B sites. Thanks to this survey, we can provide some answers for how many visitors a website typically gets and where these visitors come from. 

When asked how many total visitors the website they tracked analytics for got per month, the majority answered between 1,001 and 15K. Here’s the breakdown:

• 1,001-15K (46%)
• 15,001-50K (19.3%)
• 50,001-250K  (23.2%)
• 250,001-10M (11%)
• 10M+ (0.5%)

These percentages change when you consider other factors, like the size and age of the website. Let’s look at those breakdowns below. 

Visitors by Website Size

Since website size might refer to the company size (ie. the number of employees) or to the amount of content on the website, we looked at both factors and how that affected total monthly visitors. 

According to the HubSpot survey of over 400 web traffic analysts, the number of employees correlates to the number of monthly visitors — but more employees doesn’t always mean more visitors. Sites with over 1000 employees did make up the majority that get between 50,001-250K and 250,001-10M total monthly visitors. They were also the only sites that get over 10 million total monthly visitors.

However, approximately 8% of companies with fewer than 10 employees get between 250,001-10M total monthly visitors whereas 0% of companies with 11 to 200 employees do. Also, approximately 31% of companies with 201 to 500 employees get between 50,001-250K and 250,001-10M total monthly visitors, which is higher than the percentages of companies with 5001 to 1000 employees and companies with more than 1000.

According to the data, the less frequently you publish, the less visitors you get per month and vice versa. For example, 36% of sites that publish multiple times a day get between 1,000 and 15K monthly visitors whereas 100% of websites that publish once a quarter or less do. Also, only sites that publish multiple times a day get over 10 million total monthly visitors.

Visitors by Website Age

According to HubSpot data, the age of a website correlates to the number of monthly visitors. Sites that have existed for over 10 years did make up the majority that get between 250,001-10M and over 10 million total monthly visitors, and the minority that get between 1,001-15K.

However, older doesn’t always mean more visitors. For example, approximately 34% of sites that have existed for 7-9 years get between 50,001-250K total monthly visitors whereas only 29% of websites that have existed for over 10 years do.

Where do visitors come from?

Knowing how many total monthly visitors websites get on average is important — but it’s also important to know where these visitors are coming from. It can help you determine whether you should invest more in email or social media, for example, or in ensuring your site is mobile-friendly. Let’s take a look at the results of the HubSpot survey below. 

Visitors from Traffic Sources

According to HubSpot data, the distribution of website traffic by source is:

• Direct (22%)
• Organic Search (17%)
• Social (16%)
• Email (14%)
• Display ads (12%)
• Referral (9%)
• Paid Search (9%)
• Other (1%)

As you analyze other companies and industries, you can assume that direct traffic, organic search, and social are the top web traffic sources.

Visitors from Device Types

According to this HubSpot data, the distribution of website traffic by device type is:

• Mobile (41%)
• Desktop (38%)
• Tablet (19%)
• Other (2%)

Other data suggests that mobile makes up an even greater percentage of website traffic worldwide. In fact, mobile has accounted for approximately half of web traffic worldwide since 2017 according to data from Statista.

How do you scale this information to your business? There are a series of factors to consider when determining how many visitors your site should get and setting a “good” number — or benchmark — as your goal. Let’s take a look.

How many unique visitors per month is good?

The answer to this question depends on a few factors. First, are you evaluating a B2B, B2C, or hybrid company? B2B companies have a target audience of other businesses and organizations. B2C companies target direct consumers.

One can infer that the potential for more unique monthly visitors for B2C companies is greater than that of B2B companies simply because their target audience is exponentially larger. B2B companies use niche marketing to sell particular products or services to a specific group of businesses while B2C companies focus their strategy on the needs, interests, and challenges of people in their everyday lives.

Data from the HubSpot survey of over 400 web traffic analysts provides mixed results however. While 22.5% of B2C sites get between 40,001-100K unique monthly visitors, only 16.7% of B2B websites get that amount. However, 16.7% of B2B sites get over 100K unique monthly visitors and only 14.7% of B2C sites do. 

In the table below, you’ll see a breakdown of how many unique visitors that all websites included in the survey get, and a breakdown by B2B and B2C sites. 

Unique Monthly Visitors	Total	B2B	B2C
1-10K	39.6%	41.2%	39.1%
10,001-40K	24.2%	25.5%	23.8%
40,001-100K	21.0%	16.7%	22.5%
100,001-2M	13.9%	14.7%	13.7%
2M+	1.2%	2.0%	1.0%

Taking note of the data above, determining how many monthly unique visitors is “good” for your company depends on your answers to the following questions.

What is the standard in your industry?

To make an accurate guess of where your company should be, determine the industry standard. To do this, evaluate your competition. Using tools like the previously mentioned SimilarWeb and SEMRush, you can create a general overview of your competitors, and use these statistics to establish an average for your industry.

How much content do you produce?

The more content you have available on your site, the more opportunities you create for visitors to find it. How much new content are you producing? One? Three? Five or more? The size of your team will affect the amount of content you’re able to create. If you find that you’re unable to produce new content, consider expanding the size of your team to meet your needs.

How well is your content strategy working?

To fix something, you need to know if it’s broken. Evaluate whether your content strategy is working. Are you ranking for your keywords? Have you seen an increase in views over the last few months? Where is the bulk of your traffic coming from? Once you can determine how your site is currently performing, you can take active steps to create an effective content strategy.

What is the search volume for your targeted topics?

Search volume for your targeted topics is directly related to the demand for that information, product, or service. High search volume can mean more visitors; however, this is directly affected by the competitiveness of your keywords.

How competitive are your target keywords?

A combination of these factors affects your website’s unique visitors per month, but it boils down to competition. The more competitive your target keywords, the harder it is to rank on the first page of a SERP. The more competitive the industry, the greater the chances of having potential website visitors split among the competition.

For example, in the HubSpot survey, 29.4% of B2C websites described the competitiveness of their target keywords as above average, or highly competitive, whereas only 25.4% of B2B sites did.

Is your website secure?

Establishing a safe and secure website with an SSL certificate can boost your reputation and relationship with future consumers. Not only does it mean less time worrying about potential security incidents, but it allows your visitors to insert their information into your systems with confidence.

Is your website accessible?

Fifteen percent of the world’s population are persons with disabilities. Many still use the web, and businesses must ensure that their content is accessible. Accessibility is not a feature, and making your website convenient to all visitors is not a bonus but a necessity.

Is your website mobile-friendly?

If your site isn’t mobile-friendly for cell phone users, you’re cutting off a large portion of potential visitors. According to data from Statista, the number of unique mobile internet users stood at 4.66 billion in 2021, indicating that over 92 percent of the global internet population use a mobile device to go online.

Optimizing your website for mobile is therefore essential. Over 50% of the web traffic analysts surveyed by HubSpot said that it was one of the SEO strategies they leverage. 

Is your website optimized for the user experience?

Click-through rate and bounce rate are metrics that help determine the user experience on your website. You should evaluate them together. 

Click-through rate is the percentage of people who visit your page after it comes up in a search. Bounce rate is the percentage of people who arrive and leave your web page quickly after landing on it. While a high click-through rate is positive, a high bounce rate is negative. A high bounce rate sends search engines a signal that your content isn’t relevant to the users and negatively affects your rank.

In the HubSpot survey of over 400 web traffic analysts, the average click-through rate and bounce rate ranged widely. However, most of the websites (67%) had a click-through rate between 10-39%, while the majority (43.8%) had a bounce rate between 21-40%. These are good benchmarks to use for your site. 

Once you can evaluate your industry, website, and content strategy, the next step is to set goals and execute them.

Setting Reasonable Goals For Website Traffic

Focus on the word “reasonable.” A goal to reach 10,000 monthly visitors next month might not be a stretch if you garnered 9,000 visitors this month. However, if your website receives an average of 2,500 monthly visitors, this goal is less probable. Setting a realistic and attainable goal is the key to creating the proper marketing strategy for your business.

Step 1: Define your goal.

First, define your goal. To do so, analyze your current metrics and that of your competitors.

Platforms such as Google Analytics, HubSpot,  SimilarWeb, SEMRush, and Ahrefs will enable you to analyze the traffic of websites in your industry. Using a combination of these tools is common. For example, in the HubSpot survey, about 82% of the web traffic analysts used Google Analytics and 25% used HubSpot’s web analytics. The next three most popular tools were Mint, Spring Metrics, and SimilarWeb.

Let’s use HelloFresh and other meal kit delivery services as an example. The company’s direct competitors include Every Plate, Home Chef, and Blue Apron. The ranking for their monthly total visitors, according to SimilarWeb and Sitechecker, is as follows for February 2022:

• HelloFresh: 12M
• Every Plate: 2.9M
• Home Chef: 2.7M
• Blue Apron: 1.9M

Note that the same website may differ in traffic estimates provided by different tools. While you can’t assume which platform is more accurate than the other, you can use a combination of information from different sources to find an average. This will provide a snapshot of how many visitors a website typically gets. 

For example, if you’re a new meal kit delivery service looking at the total monthly visitors for these companies, you’d get an average of 4.9 million monthly views. Now, this can be a goal for future growth, with incremental benchmarks. 

A monthly goal for a small business receiving 5,000 total monthly visitors could be 10% or 500 visitors, for example. Set goals with a content plan in mind. With this goal in place, you can use it to determine the success of your content strategy.

Step 2: Build a content plan around MSV.

Monthly search volume (MSV) is the number of times a specific keyword is entered into a search engine each month. MSV allows you to anticipate the amount of traffic available for a particular keyword term. Armed with this knowledge, you’ll be able to gauge which keywords are worth targeting for your content strategy. You’ll also be able to assess the needs of potential clients and customers and cater your content to them.

An effective content plan won’t only target keywords with the highest MSV. In the HubSpot survey, only 15% of the web traffic analysts described the MSV for their target keywords as “very high.” The majority (60%) described it as “somewhat high.”

Some free online keyword tools that help calculate MSV include Google Keyword Planner, Ahrefs Keyword Generator, and Answer the Public.

Step 3: Determine a publishing cadence.

In conjunction with creating your content strategy, lay out a schedule. How often you update your website is key to attracting more visitors because you increase the number of opportunities to land on your page. According to the data from the HubSpot survey shared above, you want to post new content to your website multiple times a month at least. Ideally, you should post new content once a day. Websites that post daily are more likely to get between 15,001 and 250K visitors per month, and less likely to get between 1,0001 and 15K visitors than websites that post monthly.

The amount of content is, of course, dependent on the size of your team and audience. The more resources you have, the more content you can create. The larger your audience, the more content you should create.

While determining a publishing cadence is necessary, it is equally important to stick to it and remain consistent.

Step 4: Assess your performance.

The first step to assessing your goals is having a data reporting software set up. Once you do, it’s time to look at a range of metrics. Of the web traffic analysts surveyed, total monthly visitors, unique monthly visitors, and bounce rate were the most common metrics used to assess website performance. Others included search traffic and industry-wide trends.

To start, check if your unique monthly visitors increased. Whether or not you met your goal, ask yourself the following questions to review your progress:

• Did your unique monthly visitors increase or decrease? By what percent?
• Are you ranking for targeted keywords?
• Was there a trend (increase or decrease) in visitors across your industry?

An increase or decrease in your unique monthly visitors isn’t enough to gauge the complete success of your goal or content strategy. Are you ranking for your targeted keywords? If yes, your content strategy is working, and your location in SERPs can lead to further increases in the future. If not, reassess and adopt new SEO methods for growth.

When assessing your performance, it might also be necessary to measure factors out of your control, for example, industry trends. Was there a mutual dip in unique monthly views among you and your competitors? It is possible that your keyword MSV wasn’t as high as in previous months. A decrease in MSV for your keywords is out of your control. However, it is your responsibility to pivot and discover what your target audience is searching for.

How many visitors should your site get?

In content strategy and marketing, consistency is key. How many visitors should your site get? Ultimately, it comes down to how consistent you are in the tips featured above. Do you keep up with industry best practices to guide your knowledge on MSV? Do you periodically evaluate your content to boost your SEO? Are you updating your information to guide your goals?

There is no magic number when it comes to monthly website visitors. Evaluate your website and use your current metrics to determine where you want to be in one, six, or 12 months from now. Changes rarely happen overnight. Set reasonable goals with realistic timelines, and you’ll eventually see growth.

Editor’s note: This post was originally published in September 2009 and has been updated for comprehensiveness.

Your company’s value proposition is the core of your competitive advantage. It clearly articulates why someone would want to buy from your company instead of a competitor.

So how do you actually write a value proposition statement that’s strong enough to lift conversion rates and sales? In this article, you’ll learn the definition of a value proposition, what a value prop isn’t, examples of some of the best value props we’ve seen, and tactics to create amazing value props.

We’ll cover:

• What is a value proposition?
• Value Proposition vs Mission Statement (vs Others)
• How to Create a Value Proposition Canvas
• Elements of a Value Proposition
• Value Proposition Templates
• Value Proposition Examples
• How to Write a Value Proposition
• Tactics to Develop an Effective Value Proposition
• Let’s summarize: What makes a good value prop?

Ready to dive in?

Value propositions are one of the most important conversion factors. A great value proposition could be the difference between losing a sale — and closing it.

For that reason, it’s important to create one that accurately represents your products and services and makes it clear why you’re the best choice. However, writing it from scratch is hard. Download our templates below so you can follow along with the rest of the post.

Your value proposition is a unique identifier for your business. Without it, buyers won’t have a reason to purchase what you sell. They may even choose a competitor simply because that business communicates its value proposition clearly in its marketing campaigns and sales process.

That said, you might think: Isn’t my value prop interchangeable with, say, my slogan?

Nope. It’s easy to confuse your value proposition with other similar brand assets, such as your mission statement, slogan, or tagline. We break down the differences below.

Value Proposition vs Mission Statement

Your value proposition details what you offer customers and why they should choose you, while a mission statement details your objective as an organization. While the two can have points in common, a value prop is more product- and service-oriented while a mission statement is more goal-oriented.

Here are two examples for HubSpot and our CRM platform:

Value Proposition: “An easy-to-use CRM.”

Mission Statement: “To help businesses grow better.”

Value Proposition vs Slogan

A slogan is a short, catchy statement that brands use in marketing campaigns to sell a specific product. While your value proposition wouldn’t necessarily go in an ad (at least, not usually), a slogan would. The most important thing to note is that a company can have different slogans for different campaigns or products.

Here are two examples from De Beers Group:

Value Proposition: “Exquisite diamonds, world-class designs, breathtaking jewelry.”

Slogan: “A diamond is forever.”

Value Proposition vs Tagline

A tagline is a short statement that embodies a certain aspect of your brand or business. While a value proposition is more concrete, a tagline can represent a concept or idea that your business stands for. Most businesses have only one tagline that is instantly recognizable and connected to their brand.

Here’s an example from Apple:

Value Proposition: “The best experiences. Only on Apple.”

Tagline: “Think Different.”

Value Proposition vs Mission Statement vs Slogan vs Tagline

Now, let’s look at an example of a business that has all four: Nike. Remember that slogans can differ depending on the campaign.

Value Proposition: “Customizable performance or lifestyle sneakers with unique colorways and materials.”

Mission Statement: “To bring inspiration and innovation to every athlete in the world.”

Slogan: “Twice the guts. Double the glory.”

Tagline: “Just do it.”

TLDR; While your value prop should help differentiate you from the rest of the industry, keep in mind it’s not a slogan, tagline, or mission statement. Those types of copy are important accessories to your brand, but your potential customers and employees don’t choose one business over the other solely based on these elements.

Your value proposition goes deep into the problems you want to solve for buyers, and what makes your product or service the perfect solution.

Now, before you write the statement itself, it’s important to create a value proposition canvas.

Taking these three elements into consideration, you’ll be able to make your own after you build a value proposition canvas.

The value proposition canvas is made up of two major components: the customer profile and the value map.

Here’s how to make one:

Step 1: Create a customer profile to represent your target buyer.

The customer profile makes up the first half of the value proposition canvas. When performing this exercise, you’ll want to start with this section first so that their wants and needs can influence the overall value proposition canvas.

The customer profile consists of three areas:

Customer Jobs

What is the task your customer needs to complete or the problem they’re trying to solve with your product or service? The answer to this question sums up the “customer job” or the purpose of your product or service in the eyes of the customer.

Customer Expectations

“Expectations” are also referred to as “gains” — in other words, what your customer is hoping to gain from doing business with you. No matter what you sell, your ideal customer will have an expectation of what that product or service will do for them. In this section, you’ll use research to explain what your customers expect from you in order to purchase your product.

Customer Pain Points

As your customer completes their “customer job,” what pains do they experience? Do they take any risks while they do the customer’s job? Do they experience any negative emotions? These pain points should be considered so that you include the most helpful products and services on the value map side of the value proposition canvas.

Step 2: Create a value map for your products and services.

In this section of the value proposition canvas, three specific sectors help describe what the business offers to the customer.

Gain Creators

These are features your products or services have that make the customer happy. Think creatively about the elements of happiness your customers experience. Consider their financial and social goals as well as their psychographics.

Pain Relievers

In the section above, we discussed customer pains. This section will define exactly how your business will help them overcome those pain points.

Products & Services

While this section won’t list every single product or service your company offers, it should include the ones that will create the most gain and alleviate the most pains for your customers.

Step 3: Determine value proposition-customer fit.

Once you’ve completed the value proposition canvas exercise, the next step will be to determine how your value proposition fits within the customer profile. To do this, you’ll use a ranking process that prioritizes products and services based on how well they address the customer profile.

All together, your value proposition canvas should look like this:

Next up, let’s go over the elements you should include in your value proposition when you’re creating it and publishing it on your website.

Elements of a Value Proposition

Your value proposition will most often appear on your website. While you can include it on marketing campaigns and brochures, the most visible place is your home page and, if you’d like, your product pages.

There are three main elements of a value proposition: the headline, the subheadline, and a visual element.

Headline

The headline of your value proposition describes the benefit the customer will receive as a result of making a purchase from your business. The headline can be creative and catchy, but it should be clear and concise, first and foremost.

Subheadline or Paragraph

The subheadline or paragraph should explain in detail what your company offers, who it serves, and why. In this section, you can elaborate on the information in the headline.

Visual Element

In some cases, a video, infographic, or image may convey your value proposition better than words alone can. Enhance your message with these visual elements to capture your audience’s attention.

To better visualize these tools, here are a couple templates to follow when formatting a value proposition.

Value Proposition Templates

Download for Free

We’ve crafted 15 templates to help you create an amazing value proposition for your brand — and pairing each of them with an example of how they may look for a real business. Click here to download these free value proposition templates for your business.

Now that we’ve reviewed the elements, visual tools, and templates — let’s look at some brand examples that effectively identify and satisfy its customer needs.

Because value propositions are typically internal information and rarely stated publicly, finding a value proposition example to model yours after can be difficult. We’ve taken the liberty of using the value proposition canvas and applying it to some successful companies that have been recognized by the American Customer Satisfaction Index (ASCI).

In these examples, you’ll see real-world instances of customer gains and pains aligned with well-known products and services offered by these companies.

1. HubSpot: “An easy-to-use CRM.”

Headline: “An easy-to-use CRM.” 

Subheadline/Paragraph: “HubSpot’s CRM platform has all the tools and integrations you need for marketing, sales, content management, and customer service.”

Visual Element:

Most companies can benefit from using a CRM — even freelance businesses and small family-owned firms. The problem is that most systems are over-complicated and cobbled together, not to mention expensive.

HubSpot’s value proposition aims to target active CRM users who are tired of handling over-complicated systems, and beginners who are intimidated by legacy options. To that end, the product’s value proposition emphasizes its ease-of-use and ability to synchronize different teams across the business. The brand includes an image of a smiling woman to show what it would be like to use the product in your team (hint: it’s so easy, it’ll make you smile).

HubSpot Value Proposition Canvas

Customer Profile

• Customer Jobs: HubSpot customers need to effectively enable their sales teams to do their best work while avoiding complicated workflows.
• Gains: Customers want to increase their sales rep productivity levels and boost sales.
• Pains: There are plenty of CRM options, but they’re often overcomplicated and create silos.

Value Map

• Gain Creators: The HubSpot CRM platform offers streamlined contact management software and productivity tools that will help sales teams do their best work.
• Pain Relievers: The user-friendly interface and unified platform offers ease-of-use and high visibility across systems.
• Products & Services: The HubSpot CRM platform includes Sales Hub, an enterprise-level sales software that’s simple yet powerful enough to cater to the needs of businesses small and large.

2. FedEx: “Manage your Home Deliveries”

Headline: “Manage Your Home Deliveries”

Subheadline/Paragraph: Sending and receiving packages is convenient and safe for individuals who want to ship ideas and innovations across the globe.

Visual Element:

Image Source

If you own a business, shipping and packaging prpoducts is likely a significant part of your operations, but it can be a time-consuming, labor-intensive, and plain inconvenient process. If you’re a consumer, you’ve likely experienced driving to a shipping office to get your package after a missed delivery. Both of these are significant pain points for FedEx’s target customers.

FedEx’s value proposition makes it clear that it will make managing your deliveries much, much easier — whether you’re a business or a consumer.

FedEx Value Proposition Canvas

Customer Profile

• Customer Jobs: FedEx customers want to share ideas and innovations with other individuals by shipping goods around the world.
• Gains: Customers want a hassle-free way to return online orders and are looking for a safe and secure way to receive their packages.
• Pains: Returning a package at a FedEx shipping center can be inconvenient, and managing home deliveries can be a hassle.

Value Map

• Gain Creators: Customers can drop off their FedEx packages at places they shop most like Walgreens or Dollar General, and have peace of mind knowing where their package is at all times.
• Pain Relievers: Thousands of FedEx drop-off locations across the country, receive notifications when a package is en route and inform the driver where to leave the package.
• Products & Services: FedEx Drop Box locations make returning packages convenient, and the FedEx Delivery Manager reroutes or reschedules deliveries to work with the customer’s schedule.

3. LG: “State-of-the-art Living Experience”

Headline: “State-of-the-art Living Experience”

Subheadline/Paragraph: LG SIGNATURE delivers an innovative product design that creates an exceptional living experience for people who want to achieve a state-of-the-art living experience.

Visual Element:

Image Source

The right home appliances can make your at-home experience easy and hassle-free — or it can quickly create headaches with low power efficiency and outdated features. In its value proposition, LG targets customers who are willing to spend just a little more on the right appliance in exchange for a comfortable, hassle-free, and luxurious experience.

Even the imagery helps you imagine what your life would be like after purchasing an LG appliance.

LG Value Proposition Canvas

Customer Profile

• Customer Jobs: LG customers want simple, yet innovative technology that helps them achieve a state-of-the-art living experience.
• Gains: Customers have an intuitive and responsive experience with each appliance they interact with inside their homes.
• Pains: There are too many unnecessary buttons and features on appliances that get in the way of a simple living experience

Value Map

• Gain Creators: Customers can use technology to enhance their home experience without needing to read a manual.
• Pain Relievers: LG offers a simple design that focuses on the user and their lifestyle.
• Products & Services: LG SIGNATURE delivers an innovative product design that creates an exceptional living experience.

4. Subaru: “The most adventurous, most reliable, safest, best Subaru Outback ever.”

Headline: “The most adventurous, most reliable, safest, best Subaru Outback ever.”

Subheadline/paragraph: The 2022 Subaru Outback takes drivers to the most adventurous places in style with the most advanced safety technology.

Visual element:

Image Source

Subaru knows that its target audience uses its Outback SUVs for outdoor adventures. So in its value proposition, it makes it clear that the Outback will help its drivers go off the road safely and in style. Even more, it states as much right in the headline.

If I were a potential Subaru customer, I’d know exactly what I’m getting from that headline alone. That’s why it’s so important to think about your wording, because it’s likely the first thing potential buyers will see.

Subaru Value Proposition Canvas

Customer Profile

• Customer Jobs: Subaru customers want to explore the world’s most adventurous places in a reliable and safe vehicle
• Gains: Customers want to explore the land in a stylish and spacious SUV and look for advanced technological elements in their vehicles that enhance performance and safety
• Pains: The safest vehicles are not the most visually appealing, and some SUVs aren’t equipped for all-weather or all-terrain environments

Value Map

• Gain Creators: Subarus have a stylish exterior and interior with ample ground clearance that protects the vehicle against damage from the environment and advanced technology to reduce crashes and make long road trips safer.
• Pain Relievers: Subarus have a rugged blacked-out trim for style and protection, 9.5-inch ground clearance for better stability and performance, and driver-assist technology that helps drivers see better, prevent crashes, manage cruise control, and brake automatically in emergency situations.
• Products & Services: The 2022 Subaru Outback with standard eyesight assist technology, automatic pre-collision braking, adaptive cruise control, and lane-centering.

5. Samsung: “Get Ready to Unfold Your World”

Headline: “Get Ready to Unfold Your World”

Subheadline/paragraph: This is everything you’d want in a premium, durable, 5G smartphone. Then we made it unfold — revealing a massive screen so you can watch, work and play like never before.

Visual element:

Image Source

In its value proposition, Samsung effectively targets its most tech-savvy segment by front-lining its most innovative design to date: a foldable phone that can double as a mini-tablet. Even more, it solves a common pain point for some customers: owning both a tablet and a mobile device can feel unnecessary, so why not get the best of both worlds?

Samsung’s value proposition for its foldable mobile device is smart, well-targeted, and visually stunning.

Samsung Value Proposition Canvas

Customer Profile

• Customer Jobs: Samsung customers are tech-savvy and follow the latest trends, driven by efficiency and aspirational lifestyles.
• Gains: Customers want an all-in-one way to enjoy media, work productively, and have a fun experience all in the palm of their hands.
• Pains: Common smartphones have size limitations that strain entertainment viewing, gameplay, and work capabilities.

Value Map

• Gain Creators: Samsung offers a unique and expansive design with capabilities beyond that of an average smartphone, offering the most advanced technology to help customers perform tasks to fulfill work and play.
• Pain Relievers: Samsung provides a smartphone that displays content in tablet-like viewing and displays up to three apps simultaneously.
• Products & Services:The Galaxy Z Fold3 5G folding 6.2-inch smartphone with dynamic AMOLED 2X screens, ultra-thin glass with S Penfold edition, and super-strong lightweight armor aluminum frame.

You’ve seen some brilliant value proposition examples, now let’s break down how to make your own.

Step 1: Identify your customer’s main problem.

While this will require some upfront research, you can get a head start on this aspect of the value proposition by speaking with different members of your team. Customer service reps, marketing specialists, and salespeople can fill in the gaps about what problems your customers are looking to solve by using your product or service.

For example, let’s say your business sells tax software on a subscription basis and automated templates are included in the software package. Your ideal customer is looking for an affordable and user-friendly way to access complicated tax documents for their business. In this example, your business’s offerings could be the solution they need.

Step 2: Identify all the benefits your products offer.

This step can be as simple as listing out every product you sell and describing its primary benefit. The benefit should be concise and focused on a single customer need.

In our tax software example, you’d list each tax template, explain the benefit it provides, and why a customer would need it.

Step 3: Describe what makes these benefits valuable.

Next, add another sentence that explains why this benefit matters to the customer.

Using the same example above, the value would be that customers have affordable tax documentation at their fingertips — something that would normally cost them thousands of dollars.

Step 4: Connect this value to your buyer’s problem.

Next, pair the buyer’s problem to the elements that make your product or service valuable. Do they align? If so, you’re ready to refine your value proposition to differentiate your offerings from the competition. If they don’t align, repeat the steps above until you find a valid buyer need and a viable solution your business offers to meet that need.

There’re three templates we think do an excellent job of connecting value to buyer pain points:

Step 5: Differentiate yourself as the preferred provider of this value.

Finally, polish your value proposition to make it unique. Is there a specific customer service offering your business provides that others don’t? Do you offer any additional services that other companies charge for? These elements can help differentiate your value proposition from competitors while keeping the focus on the buyer’s needs.

Once you understand these steps, you can easily implement them into value proposition templates as follows.

Value Proposition Templates

• Steve Blank Method

Instead of focusing on the features themselves, Blank saw the need to emphasize the benefits derived from the features in a simple sentence. By following this formula you’ll connect the target market and their pain points to the solution:

“We help (X) do (Y) by doing (Z)”

• Geoff Moore Method

Moore provides a template that’s more specific in identifying the industry categories alongside the benefits customers value. This makes a more clear value proposition formula as follows:

“For [target customer] who [needs or wants X], our [product/service] is [category of industry] that [benefits]”

• Harvard Business School Method

According to HBS a value proposition is executed best when it answers the following questions:

What is my brand offering?

What job does the customer hire my brand to do?

What companies and products compete with my brand to do this job for the customer?

What sets my brand apart from competitors?

Now that we’ve gone through steps and templates to follow, there’s some tactics we think you should keep in mind.

1. Conduct research to determine the value proposition of your competitors.

Because your value proposition is the differentiating factor between your business and the competition, it’s important to research the propositions of your closest competitors. You can use the value proposition canvas in this post to determine how each company meets the needs of your buyer persona.

Be honest here — it’s tempting to focus on the areas in which your competition doesn’t excel, but you’ll have a better idea of where your product or service fits within the market if you key in on your competitors’ strengths.

2. Explain the value of your products and services.

You’re probably familiar with outlining the features and benefits of your product and service offerings. This tactic takes that concept a step further. By matching the benefits of your offerings to specific values that your customers have, you’ll be able to align what your business provides with what your customers need.

3. Describe the benefits your ideal customer will experience when they choose your product or service over the competition.

When crafting this part of your value proposition, include details about how your product or service will benefit the customer and use examples where you can. Videos, photos, and live demonstrations are all effective ways to illustrate your value proposition because they show the customer exactly what they can expect from your business.

4. Develop a unique value proposition for each buyer persona you serve.

Ideally, you’ll be focusing your marketing efforts on a specific target audience. You’ll also find that this audience will have different needs based on their buying behaviors. Buyer personas can help you segment your larger audience into groups of customers with similar desires, goals, pain points, and buying behaviors. As a result, you’ll need a unique value proposition for each persona. Different products and services you offer may solve certain customer pain points better than others, so developing a value proposition for each persona will better serve each one.

5. Test your value proposition with your audience using various marketing channels.

Each of these tactics will likely be developed internally by your team which means you’ll want to validate your work with your target audience. Your value proposition will be communicated through various marketing channels like your website, social media accounts, video, audio, and in person. Test your proposition with members of your audience (both existing customers and non-customers) using each of these channels. Tools like UserTesting can help you streamline this feedback process so that you can implement changes quickly to finalize your value proposition.

We know the makings of a value proposition, so how can you make it a good one? Here’s the last three tips we have for you.

What makes a good value proposition?

Clear Language

Your value proposition should aim to address a primary customer need. This limited focus helps keep your value proposition clear and easy to understand. With just one main idea to comprehend, your audience will be able to quickly decide whether or not your product or service will be the best solution for them.

Specific Outcomes

Next, you’ll want to communicate the specific outcomes your customer can expect to receive from your product or service. Will they save time? Demonstrate how. Will their workflow become more manageable? Show a before and after workflow diagram. The specific outcomes will be critical components of your value proposition as they’ll exemplify exactly how your customers will use your solution to solve their problems.

Points of Differentiation

Not only are your potential customers evaluating your business’s offerings based on their own needs, but they’re also comparing what you offer against competitors. As a result, your value proposition will need to include detailed points of differentiation. These key points will help customers understand exactly what sets your company apart.

Compose a Remarkable Value Proposition

The factors that influence a potential customer to become a loyal customer are limited. Whether your industry has a lot of opportunities to differentiate (like retail) or virtually no unique identifiers (like dairy), you’ll find that a value proposition will help you understand your ideal customer and position your business as the best solution for their needs. Use the tactics, tips, framework, and examples in this post to craft your unique value proposition.

Editor’s note: This post was originally published in June 2018 and has been updated for comprehensiveness.