Category Archives: B2B

No business can survive without customers. While customer retention is incredibly important, attracting new customers is essential to growing your business. Because of this, customer acquisition should be a top priority for business owners. This begs the question, how do you get new customers or clients in the literal or figurative door?

Traditionally, your sales team will engage with your potential customers, sending emails, making phone calls, and visiting them in person depending on the nature of your business. Though this approach is often effective, is it the most efficient use of your employees’ time?

Many successful businesses have decided that it would be better for the customers to come to them, rather than them go to the customers. One of the ways to do this is to take an inbound approach and implement a content marketing strategy.

This is a great move for most businesses, however, when you incorporate a content marketing campaign into your overall strategy, you’ll want to ensure you’re seeing a return on your investment.

Content marketing is a type of marketing where you create and share online content in order to spread awareness about what you do and create interest in working with or purchasing from your company.

Earlier, we mentioned how salespeople will interact with potential customers multiple times. Why do they do this? These multiple contacts are so that when your potential customer is ready to be an actual customer, your business is top-of-mind.

Content marketing seeks to do the same thing, but more efficiently. By creating content in the form of blogs, videos, or social media posts, you can position your business as the “go-to expert” in your field. Essentially, you become the brand people find and think of when they are having a problem.

As important as this is, content marketing works in another important way. As a consumer, what do you do when you have a problem? If you’re like millions of other people, you ask Google how to fix that problem. You may not even know how to communicate what’s wrong, but Google magically knows and directs you to the answers you need.

When you engage in content marketing, you become the answer that your potential customer is searching for.

Does it work? According to the Content Marketing Institute, content marketing leaders experience nearly eight times more site traffic than non-leaders.

Need more convincing? Demand Metric says that content marketing costs 62% less than outbound marketing, and generates three times as many leads.

What are content marketing metrics?

Is content marketing a good strategy to incorporate into your business? Probably. But, it takes time and energy to plan and resources to execute. Just like any other strategy, you would think to include, you’ll want to make sure that you’re seeing a healthy return on investment (ROI) for your effort.

In order to do that, you’ll need to become familiar with content marketing metrics. With these numbers, you’ll be able to determine if what you’re doing is making an impact as is, if you’ll need to tweak your approach, or if you’ll need to abandon it altogether in exchange for something else.

Content Marketing Success Metrics

While there are hundreds of specific metrics out there you could use to determine whether or not your content marketing efforts are making enough of an impact to justify their costs, there are a handful of metrics that are essential. Incorporating the following numbers into your content marketing metrics dashboard will give you a great understanding of your performance and effectiveness.

1. Traffic Sources

It’s wonderful to discover that people are consuming your content. But, how did they find out about it? A truly successful content marketing plan will attract new potential customers through engaging content. On the other hand, you may also be creating more engagement with past customers or on-the-fence potential customers. This is still good as it can create repeat business and help you stay top-of-mind.

Either way, it’s important to know how readers have made their way to your content. To find traffic sources to your blog or website, you can use a platform such as Google Analytics.

2. Impressions

How is your content doing? Does Google recognize that you are an “answer” to the searcher’s problems? Using Google Search Console, you can determine how many impressions your content has received. The more impressions, the more people you’ve reached.

3. Click-through-rate (CTR)

Impressions or views of your content is important, however, without acknowledging your CTR or click-through rate, you won’t be able to fully understand whether or not your content is effective.

More people may be viewing or consuming your content, but is it moving them to action? Are they visiting your website? Are they learning more about your products? Understanding your click-through rate provides this insight.

4. Content Shares and Backlinks

You’re putting out good content (hopefully!), but is it good enough to share? The true test of your content is whether or not people find it useful or interesting enough to share with their own audiences.

Bonus, the more your content is shared, the more Google sees it as the “solution” and shows it to more people. If you’re posting on social media, shares are easy to determine. If you’re looking at blog content, you can use a tool such as BuzzSumo or Ahrefs.

5. Email Opt-in Rates

Click-through rates are important to know if your readers are taking action on your content by visiting your website. However, if they don’t buy right away, are they giving you the opportunity to capture their information and connect with them in the future?

When your content marketing is performing well and truly doing its job, readers will be comfortable sharing their contact information with you and eager to hear more of what you have to say, and potentially purchase your product or service in the future. Your email marketing software can give you this metric.

6. Bounce Rate

Ideally, once people land on your website, they’ll take the time to explore, digest some of your content, and buy. Sometimes though, you’ll see a high bounce rate because people have navigated away from your website immediately after they were directed there. This could be due to slow-loading, a poor user experience, or different content than they expected.

It’s important to know your bounce rate and then understand what’s causing it. This helps you avoid putting all the time and effort into creating quality content, only to find that something on your website is turning off potential customers.

7. Keyword Rankings

A big part of content marketing is selecting the right keywords for your desired audience. Ultimately, the question is “what are your potential customers searching for on Google?” Once you’ve figured that out, you can incorporate those words into your content and ideally, be found more easily.

However, keywords change over time and you’ll need to make sure that you are being successful in your endeavors. Review the keyword rankings using SEMRush or Google Search Console and tweak your keywords or your content when it’s not performing well.

Content Marketing Dashboard

If you’re looking to keep your metrics and data organized, consider creating a content marketing dashboard with up-to-date visuals of the key metrics you want your team to track. When content marketers are clear on their goals, they are in a better position to meet and exceed them.

The ideal content marketing metrics for you to use will be determined by what your goals are with your content marketing strategy. If you are looking to increase brand awareness, you will utilize different metrics than if your primary goal is to increase sales of a specific product or increase turnout for your next event.

Porter’s Five Forces is a model that identifies and describes the five economic forces that shape every industry. More specifically, it explains how these forces dictate every industry’s competitive intensity, potential for profitability, and attractiveness.

Porter’s Five Forces has become a fundamental model that most businesses use to grasp the dynamics of their industry and, in turn, drive their business strategy. And it can help you do the same, too.

To help illustrate this, we’ve fleshed out the five fundamental economic forces at play in every market and provided an example analysis in each section, so you can see how each of these forces might play out in your specific industry.

The way you apply this model to your own business is totally dependent on the nature of your industry. Once you understand the forces affecting your industry, you can better extract insights that are relevant to your business.

Let’s break down each economic force and look at a few examples:

Porter’s Five Forces Model

1. Competition in the Industry

Competition plays a huge role in your industry’s profitability — the potential to produce a high return on investment — and, in turn, its ability to attract new entrants.

If there’s a lot of competition in your industry, it’s harder to turn a profit. Customers have a rich pool of options to choose from, so if your prices are too high, they can strike a deal with a supplier who will sell to them at a lower price.

In other words, customers typically wield more power than suppliers in competitive industries. This usually leads to suppliers undercutting each other until their revenue barely exceeds their costs — which, in turn, plummets their profits and discourages new players from entering the market.

If there’s less competition in your industry, it’s easier to turn a profit. Customers have fewer suppliers to choose from, so if they want to buy your market’s product or service, they must accept the higher price.

To help you examine the competition in your own industry, let’s see it in action in the aluminum baseball bat industry.

Competition Example

From little league to college, baseball players all around the country primarily use aluminum baseball bats to train and compete.

Louisville Slugger, Rawlings, Marucci, DeMarini, and AxeBat are the leaders in the high-end of this market. Their target customers are travel or college baseball players who are willing to pay a premium price for the best bats that can perform at a high level and stay durable for multiple seasons.

Easton, Mizuno, and Adidas serve the middle of the market, and Anderson, Combat, and Dirty South serve the low-end of the market. Their target customers are less competitive players who probably just play baseball for fun and friendships.

2. Potential of New Entrants into the Industry

If new players can enter your market quickly and cheaply, they can sell their minimum viable product. This is a product with just enough features to satisfy early customers.

The frequency of new players entering your market hinges on your industry’s barriers to entry. If it costs a lot of money and time to build a viable product and cover overhead expenses, startups wouldn’t be able to enter or compete in your market.

To help you examine the potential of new entrants in your own industry, here’s an analysis of the potential of new entrants in the aluminum baseball bat industry.

New Entrants Example

The barriers to entry of the aluminum baseball bat industry are very high. You would have to spend a lot of money on research and development to figure out how to differentiate your product in a saturated market, purchase a bunch of raw materials to manufacture the bats, and build expensive facilities and machines to actually produce them.

This startup would have to charge close to an industry-average price to cover the initial overhead of creating a minimum viable product, crafting an enjoyable brand experience, and generating revenue. You would also need to hire a product, marketing, and sales team to run this startup’s daily business operations.

3. Power of Suppliers

The number of suppliers or competitors in your market directly affects your company’s ability to control prices. When there’s little to no competition, suppliers hold the pricing power. If a consumer doesn’t accept your prices, you and your fellow suppliers can easily find someone else who will.

When there are a lot of suppliers in your industry, each supplier holds less pricing power. Your market’s customers have a rich pool of options to choose from, so if your prices are too high, they can just strike a deal with another supplier.

Power of Suppliers Example

With 11 major suppliers in a massively popular industry — and five or less brands competing in each segment of the market — the suppliers hold a lot of pricing power. Almost every baseball player, from little league to college, needs an aluminum baseball bat to train and compete, so they’re very dependent on these suppliers, which gives them even more pricing power.

4. Power of Customers

The number of customers in your industry directly affects their ability to control prices. If there are only a few customers in your industry, they hold most of the power.

Since suppliers depend on customers to generate revenue, suppliers must adhere to their customers’ pricing demands — or risk customers doing business with other suppliers.

On the flip side, if there are a ton of customers in your industry, the customers hold significantly less power. They must accept the prices suppliers set or else they won’t be able to buy any of the products or services.

Power of Customers Example

Every single baseball player needs an aluminum baseball to train and compete, so each supplier in the aluminum baseball bat industry has a huge potential customer base to market and sell to. Since there are few suppliers and so many customers in this market, the customers don’t hold enough power to drive the prices down.

5. Threat of Substitute Products

Substitutes are products from different industries that consumers can use interchangeably, like coffee and tea, and they can significantly shape your industry.

If your product has cheaper or superior substitutes, you not only have to compete with other players in your industry, but you also have to compete with businesses in other industries

If your product doesn’t have cheaper or superior substitutes, though, the businesses who produce these substitutes don’t pose as much of a threat to you or your direct competitors. This low multi-market competition might only drop your prices and profits slightly.

Threat of Substitute Products Example

Instead of buying aluminum baseball bats, players could buy bats from suppliers who only manufacture wood bats, like Baum Bats, Old Hickory, and Sam Bat. But the odds of this happening are extremely low. Even though individual wood bats cost less than individual aluminum bats, wood bats break much more frequently.

For instance, one $250 aluminum bat can last longer than five $100 wood bats, so replacing aluminum bats with wood bats would actually cost more money. Players can also hit the ball farther with aluminum bats, which makes it the superior product.

Additionally, wood bat manufacturers make the most money by focusing on a specific market of baseball players who only use wood bats, like professional baseball players, summer college league players, and top-flight travel baseball players. In sum, there’s a low threat of substitutes in this industry.

Porter’s Five Forces Analysis

To conduct a Five Forces analysis, start by reflecting on how each force affects your business. Then, identify the strength and direction of each force — which also assesses your competitive position.

To get the ball rolling, ask yourself these questions:

• Are there a lot of suppliers in my industry?
• Is my buying power high or low?
• Is there a substitute for my product or service?
• Is it easy or difficult for new competitors to enter my market?
• Is competition high or low in my industry?

Next, write down each of the five forces, and note the size and scale of each, using your answers to guide you. You can also do this by downloading our Five Forces Model Template below.

Porter’s Five Forces Model Template

Download this Template for Free

Final Thoughts

Competition is a natural part of business. Analyzing your industry using Porter’s Five Forces can help you identify strategies to improve your competitive position, potential for long-term profitability, and overall attractiveness.

You may be familiar with the adage, “Hope for the best, but plan for the worst.” As much as we don’t want to think about the terrible things that can happen in business and life, negative occurrences are inevitable. Whether it’s a product defect that leads to a recall, a security breach that leaves our customer’s data vulnerable, or violence or disasters in the workplace, bad things are bound to happen at some point.

While it’s not the happiest of thoughts, it’s realistic. Unfortunately, we don’t have the luxury of opting out from negative occurrences. Still, we do have the ability to plan ahead so that when the unthinkable happens, we’ve already thought of it, and have a plan in place to limit the damages.

If none of what you’ve read has you rocking in the corner, and you’re actually excited by the possibility of being the person a business turns to in times of crisis, you might be perfect for a career in Crisis Management. Throughout this piece, you’ll learn what a crisis manager does and how to be a great one, according to service experts. 

Crisis Management

Crisis management is how organizations prevent, prepare for, and respond to events that could be detrimental to employees, customers, or the organization as a whole. This field helps identify uncertain conditions that could cause harm and mitigate the impact if you can’t prevent them. It is an essential aspect of any business and can save millions of dollars in fallout, not to mention saving a brand’s reputation.

Throughout this piece, you’ll learn what a crisis manager does and how to be a great one, according to service experts.

What is a Crisis Manager?

The job of a crisis manager is to be proactive, identify threats, and the process they’ll use to work through them before a crisis ever happens. A crisis manager is involved at every stage – before, during, and after a crisis. 

While everyone in an organization may be involved in carrying out a crisis management plan, the crisis manager is responsible for devising this plan, making sure it runs smoothly, and communicating with employees, customers, shareholders, board members, and the public so the experience does not damage the organization’s reputation.

Crisis Manager Tasks Before or Pre-Crisis

• Identify risks
• Establish early monitoring systems
• Develop a crisis plan to minimize risks

Crisis Manager Tasks During a Crisis Response

• Lead the crisis management team
• Communicate with employees and shareholders, customers
• Speak with the media to maintain a positive public reputation

Crisis Manager Tasks After or Post-Crisis

• Continue to lead the crisis management team
• Review the response plan, identify what did and did not work, and make any necessary changes

How Much Does a Crisis Manager Make?

Before we dive into what it takes to land a job as a crisis manager, you might wonder what an average crisis manager’s salary is. While compensation can vary based on experience, geographic area, the company you work for, and many other factors, the average salary for a crisis manager is $56,359, according to Indeed.com. For example, in Los Angeles, CA, Zip Recruiter shows a range from $24,882 up to $158,820 and determined an average of $63,110.

How to Become a Crisis Manager

Before we dive into education and certification, let’s look at what personality characteristics you must have to be a great crisis manager.

In order to excel in this field, you’ll need to be:

• Calm under pressure
• A great communicator
• Solution-focused
• Able to think clearly and act quickly
• Able to handle stress
• Proactive
• Concerned for the wellbeing of the organization and your team members

Critical thinking skills are essential, as are strong leadership and interpersonal skills. You will have to motivate employees to take action during difficult times and keep them calm enough to be effective.

Does this still sound like you? Perfect! Now, it’s time to determine what you need to do to make a career out of your passion and abilities.

While many careers have a very obvious path beginning with a specific college degree, Crisis management is slightly different. If you’re looking at becoming a crisis manager, there are very few job-specific degrees available. However, emergency management is a common educational path for crisis managers as-is business administration.  You will also find a number of crisis management positions that look for a degree or experience in public relations with classes in crisis communication.

There is an Institute for Crisis Management (ICM) that offers certification and provides training in:

• Identifying and preparing for a business crisis
• Evaluating vulnerabilities
• Gaining support from senior management
• Essential communication tools
• Preparing recovery plans

You can also look for communication courses and resources through organizations like the Institute for Public Relations (IPR).

Like it or not, every business will experience challenges, setbacks, and full-blown crises throughout its lifetime. As a crisis manager, you will be responsible for looking into the future to identify these challenges before they turn into major issues and creating a plan that will help minimize the damage these situations could cause.

You can be the difference between a business being destroyed by a crisis or surviving relatively unscathed.

Just like every building needs a foundation, every business needs brand architecture. It’s the structure that allows you to organize your offerings, develop a brand identity, and gain brand equity.

The right brand architecture provides clarity around your products or services and influences how your brands and sub-brands relate to one another.

Without this framework, there’s no connection between your brand’s offerings, messaging, and identity. This inconsistency can confuse consumers and dilute the overall value of the brand. (Think of it like walking through a building where every room has vastly different interior design).

To ensure your brand architecture fits your business, this post will share the various brand architecture models, highlight real-life examples, and provide steps to choose the best structure for your company.

What is brand architecture?

Brand architecture is the organizational framework a company uses to structure its brands, sub-brands, and products or services.

The framework helps define both the breadth and the depth of a brand, which makes it easier to develop marketing campaigns, identify growth opportunities, and ensure consumers understand the offerings.

Image Source

Companies use brand architecture to inform internal efforts. It acts as the foundation for the brand identity, style guide, and brand story, but it also helps increase efficiency by highlighting opportunities for cross-promotion, brand awareness, and mergers and acquisitions.

Brand architecture isn’t always obvious to consumers, who use it as a way to categorize the company and understand how it meets their needs. For example, people may not know that Alphabet is the parent company of Google. But they have a specific perception of Google’s brand equity and transfer it to products like Google Sheets, Google Docs, or Google Search.

Ultimately, brand architecture is meant to bring order to a brand’s offerings and build brand equity. Not every architecture will work for every business, so let’s look at the options to see which may be the right fit for your brand.

Brand Architecture Models

The most common brand architecture models are branded house, house of brands, endorsed brands, and hybrid brands.

Branded House

Image Source

A branded house architecture combines several house brands under a single umbrella brand, leveraging the well-established master brand for its equity, awareness, and customer loyalty. Oftentimes, the house brands are designed to target different audience segments to maximize reach and revenue.

For instance, Apple uses a branded house architecture to create a seamless look and feel across its sub-brands: iPad, iPhone, iMac, Watch, and TV. By leaning on Apple’s loyal customer base, the sub-brands increase their equity and more easily attract buyers.

Image Source

The following companies use a branded house architecture:

• FedEx: FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, etc
• Virgin: Virgin Mobile, Virgin Pulse, Virgin Money, etc
• HubSpot: Marketing Hub, Sales Hub, Service Hub, CMS Hub, Operations Hub

House of Brands

Image Source

A house of brands architecture downplays the master brand in order to feature the sub-brands. This structure allows the sub-brands to shine on their own because they aren’t tied to the messaging, appearance, or positioning of the master brands. But it also increases the complexity because each brand has a distinct audience, brand identity, marketing strategy, and equity.

Due to that complexity, companies that use a house of brands structure are often large global brands with established equity. While the master brand may be widely recognized, like the consumer goods company Unilever, it can also be behind the scenes, like the fast-food company Yum! Brands.

Image Source

The following companies use a house of brands architecture:

• Procter & Gamble: Pampers, Tide, Bounty, Bounce, Dawn, Tampax, and more
• Yum! Brands: KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill
• GE Appliances: Monogram, Café, GE, GE Profile, Haier and Hotpoint
• Focus Brands: Aunties Anne’s, Cinnabon, Jamba Juice, Carvel, and more
• PepsiCo: Pepsi, Lays, Quaker Oats, Gatorade, Aquafina, Tropicana, and more

Hybrid Brand

Image Source

A hybrid brand architecture combines the house of brands and branded house models. The goal of this structure is for the sub-brands to have similar styles as the master brand while maintaining distinct brand identities.

Companies that use a hybrid architecture may mention the master brand in marketing, but most adopt this model as a way to keep the master and sub-brands separate after rounds of mergers and acquisitions. It’s also a good approach for brands that want to cater to vastly different target audiences, like Marriott Bonvoy.

By taking a hybrid approach, the company maintains a diverse portfolio of brands that includes luxury hotels, such as the Ritz-Carlton, alongside budget-friendly options, such as Residence Inn.

Image Source

The following companies use a hybrid approach:

• Alphabet: Google, Nest, YouTube, Fitbit, Waze, and more

• Microsoft: LinkedIn, Skype, GitHub, Mojang, and more

• Amazon: AmazonBasics, Presto!, Mama Bear, AmazonFresh, Zappos, and more
• Levi’s: Levi’s, Dockers, Denizen, and Signature by Levi Strauss & Co

Endorsed Brand

Image Source

Another option for brand architecture is the endorsed brand model, which has a master brand and sub-brands that rely on an association with it. Each sub-brand benefits from the strength of the others because they all share the same endorsement.

Oftentimes, an endorsed brand incorporates the logo and colors of the master brand. Of course, this allows the sub-brand to leverage the reputation of the main brand for improved brand equity, awareness, and security.

The endorsed approach is great for companies that use a hybrid approach and want each sub-brand to have its own identity, without separating it from the master brand. Unlike the house of brands approach, the endorsed model lets everyone know the main brand behind the products or services. And unlike the branded house approach, an endorsed brand can have a different look or feel from the master brand.

Image Source

The following brands use an endorsed approach:

• Nescafe by Nestle
• Playstation by Sony
• Rice Krispies by Kellog
• Polo by Ralph Lauren

How to Develop Brand Architecture

Defining brand architecture is one of the first steps a company should take when building a brand because it lays the foundation for an organized, intuitive branding strategy. Although brand architecture can become complex, with dozens of sub-brands, the right structure can ensure each brand remains true to its identity.

You can develop a brand architecture for your business in three steps: research, strategy, and application.

1. Research

Strong brands don’t simply choose a model and run with it. Conducting research is an essential step to developing brand architecture because it gives you the information you need to organize offerings in a way that makes sense for your company, customers, and industry.

The more data, the better. But gathering the following information will provide the insights you need to get started.

• Brand audit – Brand loyalty, brand awareness, brand perception, brand equity, brand assets, and brand portfolio
• Market research – Buyer personas, market segmentation, product/service use, pricing, customer satisfaction, and competitive analysis

Before you make any decision, it’s wise to review your company’s mission, vision, and values to ensure the brand architecture aligns with business goals.

2. Strategy

With data in hand, it’s time to design the brand architecture. If you’re revamping an old architecture, this step may require tough decisions on whether to get rid of or sell brands that don’t fit into your desired architecture. If you’re starting from scratch, you have to decide how closely you want your current (or future) sub-brands to be connected to the master brand.

You can test out each architecture by seeing what the brand would look like in each approach and creating a list of pros and cons. Maybe the branded house model won’t work because you have several distinct brands that can’t be grouped under the parent brand.

When you find a structure that may work, outline the connections between the master brands, sub-brands, and products or services. You need to know how everything works together because defining distinct brands, designing cross-promotions, or marketing to customers.

Along the way, make sure to consider your available resources (employees, budget, time). Certain approaches take more work than others, so you want to choose a brand architecture that fits your current capacity as well as your future vision.

3. Application

Choosing a brand architecture is just the start of creating a lasting brand that people love. But for the sake of this article, the last step is to share the finalized structure with your team.

Since brand architecture is part of your brand identity, you can unveil it alongside your overarching brand positioning strategy. Make sure to include a clear structure that highlights the relationships between the master brand, sub-brands, and offerings, in addition to any connections between sub-brands. Everyone on the team should know the strategic role of every brand within the architecture framework and how it relates to customers.

As your company grows, your brand architecture must change to include any new offerings or brands — whether it’s the result of a new product launch or an acquisition.

By taking time to conduct brand research, develop a brand architecture strategy, and share it with your team, you’re setting your entire organization up to make efficient branding decisions that have a long-term effect on brand equity.

List building is a strategy that allows marketers to target customers based on their needs, goals, or other personal criteria (e.g. purchase history, location, age, etc.). These lists can be applied to all marketing materials (as well as the work of sales and service reps) to help your team offer customers a personalized and delightful customer experience.

Automated list building software exists to help your team create and manage accurate, up-to-date, and easily applicable lists in a way that’s quick and easy.

What is automated list building?

Automated list building is the process of using a tool to help you automatically create lists of audience members, whether buyer prospects or customers.

Automated list building software is a type of marketing automation tool that allows you to do this. We’ll review some examples shortly.

Benefits of Automated List Building Software

Here are some examples of the many benefits that you’ll get from using automated list building software.

• Segment customers into groups for targeting.
• Identify your most qualified leads and personas.
• Personalize customer experiences to help you retain more customers.
• Offer your customers the information and content that they care about.
• Automate the workflows to share tailored emails, SMS, and campaigns to the right customers at the right time.
• Analyze your lists as needed over time.
• Ensure your lists are automatically updated with new contact data.
• Share lists with Sales and Service reps for easy prospect/ customer handoff.
• Better understand your buyer personas and customers.

Automated List Building Software

1. HubSpot Marketing Automation Software

Price

HubSpot’s Marketing Hub comes in four plans: Free, $45/mo (Starter), $800/mo (Professional), and $3,200/mo (Enterprise).

Key Features

HubSpot’s Marketing Automation Software allows you to build beautiful and automated email campaigns that are sent for you based on predetermined triggers. This way, you know your tailored content is being sent to the right recipients at the right time.

Since HubSpot’s Marketing Automation Software is integrated with Marketing Hub and your CRM, your lists will be automatically updated for you with new or updated contact information.

Use HubSpot’s advanced segmentation logic to determine which customers are added to your workflows and at which point in the buyer’s journey that happens. HubSpot also pulls information about your recipients via the Contact Database so each email is customized.

2. Adroll

Price

AdRoll offers a free plan and a Growth plan that’s $19/mo.

Key Features

AdRoll is a marketing platform for email, web, and social media. To help you identify your audience, you can retarget prospects and customers at the right time (e.g. after purchase or sign up) with automated email series.

Trigger form display for email capture by your customer segments and their activity. You can also track then use AdRoll to track the success of those ads and emails in a single dashboard.

3. OptiMonk

Price

OptiMonk has four plans that range in price from free to $199/mo. There’s also a customizable plan that requires you to contact a sales rep.

Key Features

With OptiMonk, you can build email lists of your website visitors who are most likely to convert based on their behavior. Then, OptinMonk will help you create and send emails that include tailored offers for those recipients.

In addition to email, you can subscribe your list of visitors to Facebook Messenger as well as use the tool’s widgets for gathering phone numbers of your website visitors so you’re able to create SMS campaigns.

4. Outgrow

Price

Outgrow has four plans ranging in price from $14 to $600/ month.

Key Features

Outgrow is a marketing platform that helps you create interactive quizzes, polls, calculators, and chatbots. Increase engagement across your content with dynamic text and charts that are based on user inputs.

You can segment your leads and assign them to campaigns that are tailored to their needs and interests. You can also use those segmented lists to help you personalize confirmation emails for your visitors.

5. Klayvio

Price

Flexible pricing with the option of a free plan for Email, SMS, or Email and SMS depending on your needs.

Key Features

Klayvio is an email and SMS marketing automation software. With Klayvio’s Flows feature, you can set customizable triggers to split audience members into different lists or groups. Customers are then sent down unique paths based on their list/ grouping with emails and texts that are specific to their needs and goals.

You can also set up list automations so that customers who subscribe to your business, they’re sent a welcome series via email and/or SMS. Additionally, create and share messages based on audience segments such as region, past purchases, and more.

Automate Your List Building

Automated list building helps your team accurately and efficiently create prospect customer lists and segments that can be used by Marketing (as well as other internal teams) to tailor marketing content and materials to individuals. By automating the personalization of the buyer’s journey, your team will have the ability to convert, delight, and retain more customers.

The HubSpot team is excited to share that the HubSpot App Marketplace has officially crossed the 1,000 apps milestone. We’re proud of this milestone because it reflects the combined commitment of HubSpot and our partners to deliver integrated solutions to help you grow better.

We know there’s an increasing number of software choices out there for your growing company. And that trend is only going to continue: A recent IDC white paper commissioned by HubSpot predicted that the cloud computing industry will only continue to grow over the next three years.

Blissfully estimates that all SaaS categories will continue to experience growth, with IT, security, compliance, and HR being the top-growing categories. That means your company may adopt even more apps to get jobs done, and you’ll have a bigger need for integrations that unite your data and power cohesive customer experiences across your tech stack.

That’s why our app ecosystem is such an important part of HubSpot’s platform for scaling companies. The App Marketplace, now home to 1,000+ integrations that span a variety of use cases (marketing, sales, service, and more), makes it easy for you to find and connect the integrations you need as you grow your business.

On average, our customers install seven apps, and more than a quarter of customers install more than 10. Our goal is to let you bring your entire business tech stack together around the HubSpot platform, to deliver a remarkable, end-to-end, integrated customer experience.

Looking ahead, we are doubling down on our investment in our ecosystem–to bring more offerings to our customers as they make HubSpot their single source of truth for customer data and engagement activity across their SaaS tools. We’ll continue to increase the quantity and quality of apps in our ecosystem, as well as serve an increasingly global audience by offering more App Marketplace listings in multiple languages later this year.

To give you a sampling of the range of apps in our ecosystem, here are a few top ones across several interesting categories.

Top 30 HubSpot Integrations from G2 Industry Leaders

As the HubSpot App Marketplace has grown, we’ve seen an increasing number of industry-leading providers build HubSpot integrations for their customers to leverage. Here are the top apps, certified by HubSpot, built by G2 leaders, and highly rated by customers:

• Zapier: quick and easy workflow automation

• Dialpad: connect your business phone system and automate activity

• WooCommerce by MakeWebBetter: syncs users, orders, and products data

• Aircall: advanced inbound and outbound calling

• Calendly: scheduling platform to increase your sales velocity

• Typeform: interactive forms, surveys & quizzes

• Integromat: connect to any API to automate workflows

• PandaDoc: create, track, and eSign sales proposals & contracts

• CloudTalk: cloud phone system to increase sales and customer support team efficiency

• Jotform: build custom forms and collect leads

• Databox: KPI and analytics dashboards

• Qwilr: create beautiful and interactive proposals and quotes

• Zendesk: sync tickets and contacts

• CallRail: call tracking and analytics software to sync call and text message activity

• Automate.io: sync contact data and automate workflows

• Skyvia: integrate with major cloud apps and databases with no coding

• Proposify: create, send, sign, and track sales documents

• Intercom: capture leads from your website with automation and live chat

• Unbounce: build landing pages & optimize campaigns

• GetAccept: sales engagement platform & e-signature solution

• SurveyMonkey: run surveys and take action on responses

• Leadfeeder: manage leads and create new tasks, deals, and companies

• Vidyard: add video into your inbound marketing programs

• Unito Two-Way Sync: sync deals and tasks with popular work management tools

• Wistia: segment, nurture, and score leads based on video view activity

• Grow.com: measure your company’s health and get full-funnel visibility

• ChurnZero: customer success platform to help you fight churn

• Rybbon Digital Rewards: automate sending digital rewards and incentives

• Front: collaborative communication platform for real-time updates and context

• Teamwork: sync projects and tasks to keep your inbound marketing and sales activities organized

Top New HubSpot Integrations

We launched a variety of extensibility products in 2021 to enable new app functionality and new app categories in our marketplace. These new apps have helped customers integrate their SaaS tools with HubSpot in whole new ways.

Top 8 Data Sync Apps

Early last year, HubSpot launched Operations Hub, which includes Data Sync. Data sync integrations pack the punch of custom-built connectors — bidirectional and multi-object sync, custom field mappings, and more — in an easy, code-free package. There are now 100 Data Sync apps in the App Marketplace. Here are the most installed Data Sync apps:

• Google Contacts: sync contacts in real-time and stop using messy CSV files to handle your imports and exports
• Outlook Contacts: sync personal Outlook contacts without manual data entry and imports
• Mailchimp: sync a Mailchimp audience in real-time
• Stripe: sync contacts and add a filter for any Stripe field like account balance or currency
• Pipedrive: sync Pipedrive contacts
• Sendinblue: set up a one- or two-way sync with Sendinblue
• Xero: sync Xero contacts
• Airtable: sync Airtable rows that represent contacts or companies

Top 8 Media Bridge Apps

In 2021, we launched a dozen media bridge apps to help you embed media, like videos and podcasts, directly into HubSpot’s drag-and-drop content editors then leverage the engagement data in HubSpot’s CRM and reporting. Below are the 8 media bridge apps most installed by HubSpot customers:

• Wistia: segment, nurture, and score leads based on video view activity

• Vidyard: add video into your inbound marketing programs

• Hippo Video for Sales: easily record, share, and track videos for sales outreach

• TwentyThree: drag and drop videos directly into your landing pages

• SproutVideo: capture valuable leads with marketing videos and sync video content

• Cincopa: pass captured leads & video viewing data into HubSpot

• Idomoo: engage customers 1:1 at scale with personalized videos

• Moovly: create personal videos and embed them in HubSpot emails and landing pages

Top 8 Workflow Integrations

We launched 50+ workflow integrations in 2021 that integrate directly with HubSpot workflows that make automating your business processes that much easier. Here are the most installed workflow integrations for you to try out in your next HubSpot workflow:

• Kixie: automate the busy work reps are responsible for after and between phone calls

• WP Fusion: automatically import new WordPress users

• Insycle: clean HubSpot data using schedules and workflows integration

• WhatHub: trigger workflow automations based on the content of WhatsApp messages

• Salesmsg: trigger workflows when someone calls or texts you

• Sakari: add SMS to any contact, ticket, or deal-based workflow

• JustCall: create SMS Workflows and trigger texts

• GoToWebinar: set workflow triggers based on webinar registration and attendance

Top 8 Marketing Event Apps

In the past few months, we’ve expanded the number of marketing event apps that integrate with HubSpot’s marketing event object. These apps help you easily sync your marketing event data with HubSpot in order to build attribution reports and gain insight into the ROI of your events. Here are apps HubSpot customers have installed the most to help run their marketing events:

• eWebinar: automated webinar solution that combines pre-recorded video with real-time interactions and live chat

• GoToWebinar: webinar platform for virtual conferences and events

• Eventbrite: event management and ticketing platform

• Zoom: video meeting and webinar solution

• Hopin: event technology platform that offers a virtual venue with multiple interactive areas

• Airmeet: events platform that provides a virtual venue for engaging experiences

• Accelevents: event management platform for virtual, in-person, or hybrid events

• On24: virtual event platform and webinar software provider

We’re excited to continue the growth of our app ecosystem in 2022 and beyond and look forward to continuing our partnerships with top developers and partners to build solutions that help you grow better. To learn more about these apps or discover additional ones, visit the App Marketplace.

Coming up with a brand name is one of the most important steps in starting a business. A well-thought-out name can propel your company forward, and the wrong name can become a marketing nightmare. Where would Amazon be today if it stuck with its original name, Cadabra?

Oftentimes, founders think they know what makes a good brand name. But choosing a vague reference or visionary ideal (like Cadabra) for a name can confuse customers.

Naming a brand isn’t as simple as creating a made-up word or picking a name that looks great on paper.

Fortunately, setting up a brand naming process can ensure your name is relevant, memorable, and meaningful. It helps you select a name that catches people’s attention and is easy to remember, which makes marketing, sales, and brand awareness that much simpler.

To help your business become a household name, we’ll explore how to come up with a brand name, cover brand naming guidelines, outline a brand naming process, and share examples of how popular companies decided on their brand names.

What Makes a Good Brand Name

A good brand name is a blend of creativity and strategy. It highlights your company’s mission, vision, and values while showing off personality and creativity.

Josh Reeves, the CEO of Gusto, put it best when describing how his team came up with the company’s name. “Choosing your name…will power everything else forward – the visual design, the way you message it to the team, the way you talk about it with customers. So if you’re going to sink your time and energy into anything, it should be this.”

Strong brand names tend to fall under one (or more) of these categories:

• Descriptive: Brand names that tell potential buyers exactly what you do or make. Examples: Dude Wipes, The Weather Channel, Booking.com, and PayPal.
• Evocative: These names use metaphor and suggestion to express a company’s creativity, hint at its values, and tell a brand story. Examples: Nike, Amazon, Virgin, Uber, and Patagonia.
• Blends: Names that combine two words to make a new word are popular today, and they can be considered descriptive and evocative. Examples: Photoshop, WhatsApp, Headspace, Airtable, and YouTube.
• Invented: Made-up names are a good way to differentiate your company and show your unique brand identity. But you’ll have to do more work to tell the story of your company and educate customers on your offering. Examples: Google, Pixar, Garmin, Slack, and Zoom.
• Acryonymic: Good brand names are short and memorable, so it may make sense to use an acronym if you want a long name. Keep in mind that meaning is often removed with an acronym, so it’s not the best option for storytelling. Examples: VRBO, BMW, IKEA, UPS, and IBM.

Brand Naming Guidelines

Boundaries are necessary when picking a company name. Without a structure or limits, you can end up with wacky names that have nothing to do with your brand. These brand name guidelines can help you stay on track throughout the process so you wind up with a name that fits your business.

Easy to pronounce and spell.

Even famous brands run into issues with mispronunciation. But you don’t want stakeholders, potential customers, or employees scouring the internet to understand your company’s name. Keep it simple to say and spell, so it doesn’t distract people from your products or services.

Image Source

Memorable

I don’t know about you, but I never run to the store for “facial tissues.” Brands like Kleenex, Chapstick, and Band-Aid are such noteworthy names, people use them as generic terms. So when you come up with a brand name, choose one that sticks in people’s minds to help raise your awareness above competitors.

Image Source

Meaningful

Brand names that hint at company stories make it easier for customers to connect your values to the brand. Think of the investing platform, Robinhood. The fictional story is about a bandit who steals from the rich to give to the poor, which aligns with the company’s ethos of “Investing for Everyone.”

Image Source

Strong Visual Identity

Words have power, but it takes about 10 seconds of looking at a logo for someone to form an impression about your brand. Beyond the other elements, your brand name must look great on paper and online. Experiment with text logos and graphics to see if the name is too long or difficult to design around.

How to Name a Brand

Now that you have name inspiration and guidelines to follow, it’s time to explore the details of how to name a brand. This approach is most effective when paired with your brand positioning strategy, so take time to do that work before jumping into the naming process.

1. Outline your brand goals and identity.

Defining your identity and goals solidifies what sets you apart from the competition and how you plan to position your company. You can pull this information from your positioning statement. If you don’t have one yet, ask yourself the following questions:

• Why does your company exist? This is your vision.
• What does your company do? This is your mission.
• How do you do what you do? This refers to your values. Fun fact, 89% of shoppers are loyal to brands that share their values.
• What brand identity do you want to create? This is your brand personality.
• What do you want to accomplish with the brand name? Maybe you want customers to immediately understand your offering, or maybe you want to highlight your innovative spirit.

Once you answer these questions, it’s time to look outward.

2. Consider your customers and competitors.

No brand succeeds in a silo, so it’s essential to pick a name that resonates with your audience and within your industry. That’s because people often identify themselves with the brands they buy. This is good news for companies, as customers with an emotional relationship with a brand have a 306% higher lifetime value.

When coming up with a brand name, consider customer reviews and surveys. This feedback can show how people perceive your brand, which is helpful when brainstorming names. If customers talk about how fun it is to work with your team and use your product, it wouldn’t make sense to adopt a serious brand name or persona.

Another crucial consideration is your industry. What are the naming norms? What are your competitors doing? Based on your brand positioning, you have to decide whether to follow the industry formula or choose an unconventional name that makes your brand stand out.

3. Brainstorm and discovery.

Yes, it’s time to break out the whiteboard. But before you jump in, put together a team for ideas and approvals. You need to define who is involved in the decision-making process. If you’re a solopreneur, you can ask a few trusted peers or colleagues to take part.

Fill up your board with whatever ideas come to mind, and if you get stuck, think about:

• The adjectives that describe your service, product, or brand
• How customers feel about your brand, or how you want them to feel
• Words that you want to associate with your business

As you ideate, reflect on what you think makes a good brand name and consider any major concerns you have about naming. Feeling stuck? Try Shopify’s business name generator tool.

4. Refine your ideas.

You probably have a long list of brand names — and that’s a good thing. It’s easier to chop than to create. Start culling down your list by considering the following factors for each name:

• Does it fit your brand personality?
• Does it have emotional resonance?
• Does it have meaning or connect to your company story?
• How does it look on paper and on a screen?
• Are there any trademarks for it?
• Are the domain name and social media handles available?
• Does it stand out from the competition?
• Is it short, memorable, and easy to spell and pronounce?

Create a shortlist of 10-15 names for the next step. If you have less than this, that’s okay — just aim for three to five options.

5. Get feedback.

There’s nothing like asking your team, customers, stakeholders, or peers for feedback. You’ll quickly learn if a name contender is difficult to pronounce or rubs people the wrong way. If possible, ask a diverse group of people for their opinions individually so you don’t run into groupthink issues.

Once you’ve collected feedback, it’s wise to see how the final options translate across languages. Consider where your company will operate and where you hope to expand. Wix learned this lesson the hard way, but the humor-oriented brand handled it well.

Before making a final decision, take a look at how a few popular companies came up with their brand names.

How Three Companies Came Up With Brand Names

From spelling errors to company-wide brainstorms, there are plenty of stories that highlight the creativity and complexity of the brand naming process. Check out how these three brands decided on a name.

Gusto

Originally named ZenPayroll, Gusto rebranded three years after its launch. The company had thousands of customers and a team that questioned if a new name was essential. Josh Reeves, CEO, and co-founder said the original name was chosen out of convenience. But the founders knew it was temporary.

To expand beyond payroll service into health insurance, ZenPayroll needed a new name and logo. The team wanted to combine their values at the time — peace of mind, calm, warm, trusting, and vibrant — with their vision for the future. “We wanted to capture our emphasis on the people doing the work,” said Reeves.

The result? Gusto, which means enjoyment or vigor in doing something; zest. Here’s the evolution of Gusto, from the original brand to today’s identity.

Image Source

Warby Parker

“Coming up with the name ‘Warby Parker’ was one of the hardest things we did as a founding team,” said Neil Blumenthal, the company’s co-founder, and co-CEO. As the story goes, the team came up with over 2,000 ideas over the course of six months before choosing the final brand name.

Their inspiration? A Jack Kerouac exhibition at the New York Public Library that contained a journal with two interesting characters: Warby Pepper and Zagg Parker. The founders had all been inspired by Kerouac and the beat generation ethos of taking the road less traveled. Soon after, the rebellious Warby Parker brand was born.

Image Source

HubSpot

As fellow graduate students, HubSpot co-founders Brian and Dharmesh noticed that consumers had gotten really good at ignoring interruptive ads and bids for their attention. They started HubSpot on the idea of “inbound,” the notion that people would rather be helped than harassed by marketers and salespeople.

According to the book, “Marketing Lesson from the Grateful Dead” by Brian Halligan and David Meerman Scott, the name HubSpot sprung from the vision to create a hub-based ecosystem that united software, education, and community to help businesses grow better. That idea, “combined with the double-entendre for Boston (nicknamed The Hub [of the Universe])…made it a good choice.”

What’s Next?

With a powerful brand name, you’re ready to design the visuals that bring it to life. Learn how to make a unique brand identity that draws in customers, successfully launch a product, and create a brand that keeps people coming back.

Every day there’s something new on social media.

Recently, Twitter introduced Twitter Blue, a premium subscription-based version of its platform.

TikTok took the social media world by storm back in 2020 and still remains the most downloaded app of 2021, according to Social Media Today. Instagram is regularly adding new features to its platform, recently testing a new affiliate tool for influencers.

The question is, how are these changes impacting how consumers behave online? Are users moving away from Facebook?

Let’s see what the data says and what it means for brands.

We surveyed 301 people in the United States and asked, “Which social media platform do you spend the most time on each week?” The response was kind of surprising.

Despite YouTube’s steady growth over the past year and the rise of TikTok and Clubhouse, Facebook remains the top social media platform. YouTube follows, with the gap between the platform and Facebook much smaller in larger surveys.

So, what does this information really mean?

Well, in a broad sense, it means you should consider having a presence on these platforms. However, don’t delete your Instagram account just yet – better yet, don’t delete it at all.

I’ll explain why later.

Which Social Media Platforms Marketers Are Prioritizing

In 2022, Facebook is the number one social media platform marketers are focusing on, according to HubSpot Blog Research.

When asked which social media platform they plan to invest the most in for 2022, 25% answered Facebook, 20% said YouTube, 16% said Twitter, and 15% said Instagram.

Facebook seems to generate the highest quality leads for marketers, according to the data, which explains why marketers are leveraging this platform the most.

TikTok is another popular platform that 52% of marketers surveyed plan to increase their investment in. There are two reasons for this: The first is that short-form video is growing and increasingly becoming the number one content format. In fact, it’s the format 26% of marketers are leveraging the most in 2022.

In addition, 46% of marketers surveyed said that TikTok offered the highest ROI among other platforms like Twitter and YouTube.

When it comes to emerging platforms and/or features, marketers are keeping an eye on YouTube Shorts. According to 2021 HubSpot Blog Research, 83% of marketers plan to increase their investment in the short-form video feature, a TikTok competitor.

Facebook Live Audio and Twitter Spaces are also top features marketers plan to increase their investment in for 2022.

This focus on audio and short-form video platforms reflects 2021 HubSpot Blog Research that revealed that marketers are investing most in short-form videos and live audio chat rooms in 2022.

According to the data, most marketers (over 60%) say short-form videos are the most effective format and offer the highest ROI, followed by live videos and live streaming. As for audio, 44% of marketers plan to leverage it for the first time in 2022.

The key takeaway is that audio and short-form video platforms will play a much bigger role in marketers’ strategies in 2022 than they have in the past.

Which Social Media Platforms Are Losing Steam

When Clubhouse first launched in 2020, it gained steam very quickly with its unique live audio concept. Its invitation-only model also helped build excitement around the platform.

Today, the platform is open to the public and seems to have lost its edge, as other (and bigger) social platforms launch their own version of live audio.

HubSpot Blog Research conducted in 2021 found that 15% of marketers plan to decrease their investment in the app for 2022.

Snapchat is another platform that marketers are divesting from. Our research found that when it comes to influencer marketing this year, 20% of marketers are planning to decrease their investment in Snapchat.

It also revealed that Snapchat offers one of the lowest ROIs, behind Pinterest and Twitch.

So, does this mean you should stop marketing on Clubhouse and Snapchat? Not if your audience lives there and your brand sees an average to high return from it.

Take this data as a guide to keep you informed on industry trends and insights, not a strict playbook. So, if your data suggests that these platforms are worth investing in, continue to do so.

Should brands limit their efforts to the most popular platforms?

There’s no single, clear-cut answer to this… but typically, no.

While most consumers may spend most of their time on Facebook and YouTube, that doesn’t mean you should dedicate all your efforts entirely to those platforms.

Why? That may not be where your audience lives.

Generality is the enemy of marketing. Imagine running a social media ad that targets everyone. Or having a target audience comprising all of Gen Z.

This sort of one-size-fits-all isn’t conducive to your brand’s growth. In fact, it is likely keeping you from making progress, as you waste time and resources on broad strategies that may not work for your specific market.

It’s like going to a party and only getting an address for the neighborhood. Sure, you could drive around and knock on every door until you find the right one, but by that point, you might be tired, hungry, and out of gas.

When you zero in on a specific audience and strategy, you can gain more valuable insights and get a higher return on investment.

Data, just like the one above, should be used as a general guide to understanding consumer behavior. However, it shouldn’t dictate your entire strategy. Your own consumer data and user persona(s) should.

For instance, let’s say you’ve discovered through market research that your audience enjoys consuming information mostly through blogs and podcasts. That’s a good indicator of where you should focus your efforts. In a few years, that data may change, in which case, your team should be flexible and move to where your audience is going.

Here’s what you should consider when determining where to direct your efforts:

• Where your audience lives
• The type of content you’ll be creating
• The channel that converts the best

There are a few ways to figure out where your audience “hangs out” online. First, you can check the demographics by platform – this will give you a general idea of the audience.

For instance, TikTok mostly caters to a younger audience between 10 to 29 years old while most Instagram users are between 18 to 34 years old.

You can also reach out to your target audience directly through polls and survey to find out where they spend their time. In addition, look to your competitors.

See where they’re focusing their efforts and if they are successful, that may be a good indication of where you should be. Like when you’re not sure you went to the right place but see someone you know parking and you can let out a sigh of relief.

Next is the type of content you’ll be creating.

Say your audience enjoys video content the most (think webinars, lives, video tutorials). In this case, your audience would be well suited for YouTube, Instagram, and TikTok, all of which have video editing and publishing features. You can then repurpose your content for each platform.

Another factor to consider is how each channel is contributing to your goals. This is where the importance of data comes in.

You may be posting every day on TikTok and find that the rare times you post on Facebook, you get much higher engagement and conversion rates. While there could be several reasons for this, you may want to redirect your attention to Facebook as it is providing the best return on investment.

Next, we’ll cover what software can help you keep track of your social media data.

Top Social Media Analytics Software

1. HubSpot

With HubSpot’s social media management software, you can track your social strategy from beginning to end.

Image Source

With a user-friendly dashboard, you can see exactly how your published posts are performing, which channels are bringing traffic to your website and generating leads, and more.

You can also filter your reports by campaign, account, and date range so you can narrow down the exact information you’re looking for.

In addition, HubSpot’s social media software allows you to:

• Schedule posts.
• See how your competitors measure up.
• Track and monitor conversations surrounding your brand on every platform.
• Export and analyze relevant reports.

The social media tool is available within HubSpot’s all-in-one CRM platform for mid- to large-size businesses.

2. HootSuite

HootSuite empowers your team to make decisions quickly with real-time data on your social strategy.

Image Source

The social media software takes some of the guesswork out so that you can focus on the most important insights. With customizable dashboards, you can also get a quick overview of your key metrics and identify what’s driving traffic and sales.

Ranging from $49/month to custom pricing for enterprise-level businesses, you can find a plan that meets your needs and is scalable.

3. Sprout Social

If you have multiple social channels running at full speed and you’re overwhelmed with the data, Sprout Social can help.

Image Source

The platform helps you manage your data and create ready-to-go reports to share with stakeholders.

In addition, you can use competitive intelligence to benchmark your performance and make informed decisions that will promote your brand’s growth.

Sprout Social’s pricing is based on a subscription model and ranges from $99 to $249 a month.

Now that you know where consumers spend their time online, the real work begins. Experiment with various strategies to see what resonates best with your audience, always using data and your user personas to inform your decisions.

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

We get it: Social media metrics are important. Getting data and ROI is really important. However, if you spend too much time trying to figure out which metrics are important for your business, you won’t have any time to analyze and act upon them.

That’s why we’ve made a list of the social media metrics that are essential to track, so you don’t miss out on important numbers that can help you later. These metrics will give you insight into customers, how to track ROI, improve your brand presence online, and walk away with happier customers.

Social Media Metrics are imperative to social strategy. They give you an inside look at how your channels are performing and how you are perceived by your target audience. They can also give provide you with ways to improve upon your strategy.

1. Audience growth rate

To measure your audience growth rate, begin by selecting a reporting period. Then, calculate your new followers over that specific period. After that, you’d need to divide your new followers by your total followers.

So let’s say your brand’s Twitter account has 6,000 followers in September, at the end of Q3. For Q4, you want to measure your audience growth rate from October 1st to December 31st. If by December 31st, you have 8,657 followers, then your audience growth rate for Q4 is 69%.

2. Social Media Impressions

Let’s say you decided to run a paid ad campaign across your company’s key social media platforms. Do you know how many people came across your ad? Social media impressions measure how many users were exposed to your content, and it’s a metric worth tracking.

Understanding your social media impressions is important because this data can provide valuable insight into how far your ad spend can go and can help inform future paid ad spend so you can maximize your budget.

However, even if paid ads aren’t a part of your strategy, you may still want to look into how many impressions your social media content is gathering over time. This data can tell you how different types of content are resonating with your audience across platforms.

It’s also worth noting that each social media platform measures impressions differently. For example, on Twitter, each user that sees a tweet is considered an impression. On Facebook, each time a paid ad is seen on screen, it is considered an impression. Instagram counts an impression each time a user views a piece of content (such as a static post, story, Reel, or IGTV). On TikTok, there is not an “impressions” measurement defined in the app’s analytics section, however, for your own data you could consider each video view an impression.

3. Social Media Conversion Rate

Your conversion rate is made up of the number of visitors to your website that take your desired action. This might mean that they downloaded your eBook, signed up for your newsletter, or clicked “Play” on your podcast. Conversion rates show how relevant your content is to your audience.

If you want to calculate the conversion rate, start by making sure your call-to-action link is trackable. You can do this by using a free, online URL shortener like Bitly. Next, analyze your campaign to identify the number of clicks and conversions your page has gained.

After that, divide your conversions by total clicks and multiply it by conversion rate. If your webpage has about 750 clicks and 200 conversions, then your conversion rate is 26.6%. Keep in mind that conversion rate numbers are not mutually exclusive, and can be low even if traffic is high.

4. Social share of voice

How many people are talking about your brand on social channels? Let’s find out.

Your social share of voice measures this data and shows how visible your brand is on social media. Finding these numbers could tell you whether you need to update your social strategy or not.

To calculate your social share of voice, measure your mentions across your social networks. Hint: Your social media analytics tools can be helpful when calculating this number. Next, add your mentions in tandem with the mentions of competitors, which can be tracked using an online social media tool like Sprout Social. This gives you the total industry number of mentions. Here is an example of what metrics of engagement would look like:

Image Source

After you divide your brand mentions by the total industry number, multiply this number by 100 to get the social share of voice percentage.

Let’s put this in perspective. Over a week, your brand has been mentioned directly and indirectly 100 times. Three competitors have 500 mentions, plus yours equals 600. Taking 100 divided by 600 and multiplying that number by 100 means your Social Share of Voice is 16.67%.

5. Social Media Engagement Rate

According to Kelly Hendrickson, Senior Manager of Social Media at HubSpot, engagement is a crucial metric for understanding social media performance.

She says, “No matter the scale of your business or social audience, quality engagement is what I always focus on. Where best-in-class social media marketing is a delicate balance behind providing your audience value while meeting business needs, your engagement rate is an indicator if you’re tipping the scales in the wrong direction. Audience first.”

Social media engagement is the total number of likes, comments, shares, and general interactions a piece of content or social media account receives relative to the size of the audience. Having a large following isn’t useful if the audience isn’t regularly interacting with the content they follow.

To measure the overall engagement rate of a social media account, you can use the following formula:

Engagement Rate = Number of Engagements / Number of Followers x 100

Here’s how each major social media platform measures engagement:

• Instagram: Likes, Shares, Saves, Comments, Direct Messages
• Facebook: Click-throughs, Comments, Reactions, Shares
• TikTok: Likes, Comments, Shares
• Twitter: Likes, Comments, Retweets
• Pinterest: Pins, Likes, Comments
• LinkedIn: Reactions, Comments, Shares, Click-throughs
• YouTube: Likes and Dislikes, Comments, Shares

6. Keywords

Tracking keywords can grow your social share of voice and audience growth rate. Keywords are certain words that search engines identify and target based on what audiences are searching for. A marketer in the tech industry might see the keywords, “Media Marketing,” and “Tech Channels.”

By tracking keywords, you can optimize your content to rank higher on search engines and grow your audience. You can track keywords by using social media analytics software, like Google Analytics or SEMrush.

7. Customer response rate

Customers love to engage with brands via social media.

In fact, in a survey done by Sprout Social, 74% of respondents engage with brands they follow on social media. Whether they’re asking your customer service team questions or leaving your business reviews, make sure you’re answering as many mentions as possible on social media. To track how you’re doing here, check your customer response rate.

To calculate your customer response rate, divide the number of responses you give to your followers/customers by the number of people who engaged with your brand and multiply this by 100.

For example, if you measured a week of engagement, and the number of customers who engaged with your brand was 50, and you responded to half of them, your customer response rate would be 50%.

8. ROI data

This is the big metric, the one you want to see from day one. Depending on your company and industry, ROIs can differ greatly. For social media, you probably want to know if the time and money you’ve spent on social media is turning into customers, sales, or brand awareness.

According to a group of 1,000 marketers surveyed by the HubSpot Blog, the following social media platforms generated the biggest ROI for paid advertising campaigns:

• Facebook (26%)
• Instagram (19%)
• YouTube (18%)
• Twitter (13%)
• TikTok (11%)

In that same survey, marketers said the following metrics were their primary markers of measuring social media ROI in 2022:

• Traffic to Their Website (35%)
• Impressions/Views (31%)
• Clicks (31%)
• Sales (30%)
• Likes/Comments (28%)

Since ROI looks different from one business to the next and calculations are based on your business goals, not every formula will look the same. But, use this formula to figure out a basic ROI. Let’s say you made $1500 in revenue from social media ads or eCommerce and your investment was $500. Your ROI is revenue subtracted from investment (1500 minus 500), which makes your profit $1,000 and your ROI 200%.

9. Channel reports

Keeping track of social media data is important so that you know where and how to focus your strategy. For instance, if one of your accounts just isn’t hitting their numbers, a report would let you know and allow you to proactively step in and troubleshoot.

If you need an update about say, channel performance, and follower counts, consider conducting a social media audit or using a social media analytics tool that conducts an audit for you.

10. Cost-per-click (CPC)

This is an important metric if you’re investing in social media. Cost-per-click (CPC) is what you pay per click on a sponsored social media post, like a banner ad. CPC is helpful when determining if your investment is worth continuing.

Image Source

Here is the CPC Formula from The Online Advertising Guide. To view this as an example, say you want to calculate the CPC of your latest round of ads. Divide the total money spent on your ads by the total number of times the ad was clicked on.

11. Net promoter score (NPS)

Net Promoter Score (NPS®) measures customers that are loyal to your brand. It’s the answer you’re looking for when asking customers how likely they are to recommend your business to a friend. Tracking NPS is easier than it seems.

There are three categories that go into tracking NPS. When you ask customers to rate your business 1-10, scorers that answer 9-10 are “Promoters.” “Passives” score 7-8, and “Detractors” are 0-6.

Identifying your NPS is as simple as subtracting “Detractors” from “Promoters” and dividing that by the number of total respondents. Then, multiply that number by 100. So, if you have 50 “Promoters” and 10 “Detractors” from a survey with 70 respondents, your NPS would be 57%.

12. Influencer Campaign Metrics

If your company leverages influencer marketing, you’ll want to measure the effectiveness of your influencer marketing efforts to inform future campaign strategies.

According to the same HubSpot Blog study, the marketers said the most important metrics for measuring the effectiveness of an influencer campaign are:

• Revenue/Sales (40%)
• Brand Awareness (37%)
• Impressions/Views (33%)
• Brand mentions/Hashtag Use (33%)
• Clicks (32%)

As you define the objectives of your influencer marketing campaigns, keep these metrics in mind.

13. Traffic to Brand’s Website

Depending on the nature of your business and the social media platforms your company focuses on, increasing traffic to your website could be a top priority. 41% of marketers surveyed by the HubSpot Blog said traffic to their website is a high-priority metric. If your company relies on web traffic as part of its business strategy, you’ll want to consider measuring how many of your page views are coming directly from social media.

Key platforms for this focus include Facebook, Twitter, and Pinterest. You can use a web traffic tool such as Google Analytics to measure how much of your traffic is coming from organic social media.

14. Audience Insights

Earlier we discussed the importance of understanding your audience growth rate. But how much do you know about the audience you already have? Understanding your followers can help you hone in on finding the right target audience, empowering you to share content that resonates with them resulting in higher engagement and increased ROI.

Key audience demographics to consider include:

• Age
• Location
• Gender
• Education Level
• Job Title
• Marital Status
• Number of People in Household

These demographics can be found on social media platforms such as Instagram, Facebook, and TikTok.

Tracking metrics can sometimes be easy. Sometimes, businesses realize that it’s worth the investment to invest in social media tracking tools to help them run more smoothly.

To learn more about which social media metrics are most important for your own business, check out our video on how to set social media goals:

Next, we’re going to get into some tools that can help you track these metrics.

1. Keyhole

Price: $179/month
Why it’s great: Social listening metrics

Keyhole allows you to see impressions, engagements, reach, and posts that either your accounts or hashtags are getting in a graph format. Keyhole also tracks the demographics of your customers and breaks down their engagement.

When you use Keyhole, all of your accounts are displayed on your dashboard, as pictured below.

Image Source

The software shows you what type of content catches the eye of your consumers and provides suggestions on how to improve social presence.

2. Meltwater

Price: By contact
Why it’s great: Timely reporting from dashboard

Meltwater’s program tracks your accounts in real-time, which is accessible from the dashboard of its users. You can also get metrics on your brand’s impact on the web. Meltwater lets you see your insights and user-generated content in one place, like the photo below.

Image Source

This photo shows where a brand is trending around the world, which themes are trending the most, and SEO results in a couple of different graphs. Meltwater combs the internet for mentions of your brand and even suggests influencers to connect with.

3. NetBase

Price: $300-$1,000/month
Why it’s great: Global insights + tracking

NetBase provides analytics on conversations happening with your brand from around the world. They provide real-time analytics and give you insights that’ll help you track ROI. Like in this photo below, NetBase provides you with data about how your campaigns carry weight with customers.

Image Source

With Netbase, you can track the performance of a campaign and specific elements about certain campaigns that make them stand out. This metric analysis from GoDaddy shows their impact and engagement with customers, as well as the audience they’ve reached.

4. quintly

Price: $300/mo
Why it’s great: See competitor performance

When using quintly, you can not only track your social media performance but gain insight into the performance of your competitors. This will help you see what you can do to improve your campaigns and what your competitors are doing that works. This photo is an example of the insights the software provides.

Image Source

Quintly is also great for agencies with multiple clients. They can use it to manage the accounts of their clients and track their social media pages. Quintly also has reporting and benchmark data to measure campaigns.

2021 was a big year for the HubSpot content team.

Our team grew, we faced challenges, and we had some fun with experiments.

Experiments can teach you a lot about your audience and help you unlock growth opportunities. Here are some experiments we ran in 2021 and what we learned from them.

Conversion Rate Optimization

In January 2021, the web strategy team decided to run a form optimization experiment to understand how altering our forms would affect our users, ahead of a blog redesign.

When evaluating the current form, the team found that it was breaking several best practices relating to user experience (UX). For instance, the form used asterisks when all fields were required and users were unable to tab through the fields, taking longer to go through the form.

This issue with the UX was further validated with high dropoff rates on offer pages. This meant that a secondary goal was clear: Improve the user experience of the forms on our content offer pages, which would then improve our conversion rate.

With every experiment comes a hypothesis and this one had two, one for each goal:

• By redesigning the forms, we will learn the best approach to form design ahead of the blog redesign.
• By optimizing content offer forms’ design and functionality, we will improve the user experience and increase user clarity, which will lead to an increase in content leads’ CVR.

When it came to designing the experiment, the team chose an A/B/C/D/E test, leading 20% of traffic to each of the five treatments:

• 20% would see A, the control – a modal form.
• 20% would see B – a redesigned, standard version of the form.
• 20% would see C – the split-screen with a two-column form.
• 20% would see D – the multi-step form.
• 20% would see E – the split-screen with single-column form.

Wondering how they came up with these variants? User testing. Earlier in the year, the team had already gathered valuable insights from a user test, in which they learned about users’ preferences and expectations when using forms.

They used this data to design their experiment, something that Principal Marketing Manager at HubSpot Rebecca Hinton says highly contributed to their success.

The test ran on the top 20 converting offer pages and had to run for two weeks to get a reliable sample size for each variant and launched only 33% of traffic to mitigate risk to content lead goals. It ramped up to 60% of traffic during the experiment.

The primary metric used in this experiment was the conversion rate on the content offer form submission and the second was engagement.

“What we found is that displaying a multi-step form vastly outperformed the other treatments we tested, showing a 20% improvement over the control,” said Hinton.

It’s worth noting that the winning variant, D, had a much higher conversion on mobile than it did on desktop. However, the multi-step form performed well on both device types.

“The multi-step form was so successful that we’ve decided to implement it ahead of the pages being redesigned, so we can capitalize on its strong performance,” said Hinton.

A key takeaway here is that one test can (and should) inform another. If you collect user data for a particular feature or project, make sure you keep good documentation as that can serve a purpose later on.

Channel Promotions

Back in June 2021, HubSpot community manager Jenni Kim, then marketing manager on the Channel Promotions team, ran an experiment to explore opportunities for cross-promotion between the YouTube team and the blog team.

Kim described both channels as having an on-and-off relationship, crossing paths from time to time covering the same content and even collaborating at times. However, there was no consistency. This experiment would assess the value of embedding YouTube videos from HubSpot’s channel into relevant blog posts.

The hypothesis was that adding videos to blog posts would enhance the blog reader’s experience and drive meaningful growth for both channels.

Setting up this experiment required cross-collaboration between YouTube, Blog, and SEO teams to design a process while keeping in mind content lead goals, user reading experience, and SEO implications.

Now, let’s dive into the specifics.

One consideration they had to make was which YouTube videos would go and where. Here’s the breakdown they settled on:

• Existing Blog Post + Existing YouTube Video (9 blog posts, 9 videos)
• Existing Blog Post + New YouTube Video (6 blog posts, 3 videos)
• New Blog Post + Existing YouTube Video (4 blog posts, 4 videos)
• New Blog Post + New YouTube Video (5 blog posts, 3 videos)

They found that using existing blog posts and videos would offer the most clear results, as you could compare pre- and post-experiment metrics.

Key metrics:

• Total organic clicks (TOC) – The blog traffic coming in from the web results tab on Google
• Total organic clicks from the video tab – The blog traffic coming in specifically from the video tab on the SERP.
• Content leads/CVR – The number of viewers who converted through a blog post by signing up for an offer and the view-to-lead conversion rate on the blog on a post-level.
• Organic video views – Videos that came directly from the blog post embed.

The experiment ran for roughly three months, as that would be enough time to measure the SEO impact.

The results found that embedding YouTube videos into relevant blog posts had a positive impact on both YouTube views, contributing 15% of total views. Leads and CVR stayed consistent, which is considered a win, as the experiment didn’t negatively impact conversion.

As for TOC from the video tab, an average of 8% of clicks came from this section – making it a solid SEO opportunity for both channels.

The most challenging part for Kim was the adaptability they needed to exercise to start this experiment.

“A lot of the teams were all working pretty independently,” said Kim, “So, we had to understand everyone’s processes and then try to find that middle point to bring everyone together.”

As a result of this experiment, both teams developed a sustainable collaborative process to help both teams generate more traffic.

Audience Growth

When it comes to blogging, one of the most important metrics is organic traffic. This refers to the non-paid traffic that comes from search engines.

On the HubSpot Blog, the team also leverages non-organic content coming from sources like email, social media, and other websites.

Pamela Bump, senior marketing manager responsible for audience growth on the blog team, shares that the HubSpot Blogs already had incredible success from our non-organic content, creating clickable, shareable blog posts with original research, quotes from experts, and insights on industry trends.

“Not only did our non-organic program help to increase our non-search traffic, but we also were able to write posts that eventually began to rank on search because we were ahead of trends,” said Bump.

To capitalize on this success, Bump led an experiment to create hybrid posts, combining the shareability of non-organic content with the SEO of organic content.

“The goal of this experiment was to see if our blog posts could pull in the sudden bursts in traffic from non-search channels that non-organic blog posts achieve soon after publishing,” Bump said, “while also gaining more evergreen traffic over time search as these posts begin to rank on search result pages.”

She called this the “Hybrid Effect.”

“These assignments were laid out by both myself and our SEO strategist and combined SEO elements, like keyword optimizations and search-driven formatting,” said Bump, “while still including non-organic elements like quotes from experts, original data, news mentions, and trend coverage.”

The result? In the first year of testing hybrid content, Bump says it has led to huge benefits for the blog, pulling in strong numbers comparable to organic traffic.

“The average views we get from hybrids in their first month is about 10% lower than that of non-organic piece,” said Bump. “However, it can be more than 30% higher than the first month’s traffic of a completely organic piece of content.”

In the long term, Bump says that the average hybrids and non-organic piece published in 2021 only had about a 1,000 to 2,000 view difference while gaining more keywords on average than a non-organic piece and gaining faster traffic than an organic piece in its first year.

Because of this success, the team has made the hybrid model a permanent strategy on the blog team.

“In 2022, we plan to increase our investment in hybrid content by 10% while also training writers on how to optimize organic pieces with non-organic elements for hybrid growth,” said Bump.

In every experiment mentioned above, there’s something to learn – whether it’s the importance of collaboration or the value of historical data. If there’s an experiment you’ve been thinking of running, take this as your sign and use these insights to guide you.