Methods of Measuring Advertising Effectiveness
Methods of Measuring Advertising Effectiveness
Manual and automated methods of measuring advertising effectiveness
When I had my restaurant, I used to
do a lot of advertising to try and encourage my customers to come to my venue
but I was finding it difficult to track my sales and find what was working and
what wasn’t.
It was already a busy place, but the
figures that I had in my accounting system, told me that we need more sales to
be a more profitable business.
I already had a good team in my staff,
great menu, and lots of positive feedback from our regular customers. So I knew
what I was doing was good, but I wanted to increase the sales, as I knew that
we could be busier and not have to increase our staff numbers.
So I turned to
advertising, as through the multiple workshops and business plans, this was how
I could get more people to my place.
I implemented many different types of
advertising; local newspaper ads with a good write up about the business, and
continuing buy 1 get 1 free vouchers, to encourage people to come to the
business.
Shop a dockets were a good way to
bring people in, as they shopped next door at the supermarket, and then would
relax over a coffee and cake, so this also performed well for a couple of
years.
Now I am a figures
person. How many dollars are coming in, how many customers are using these
vouchers. I wanted to know the details. I used to do this manually.
- So my girls would record all
the sales,
- The data was then entered
into a spreadsheet
- I would then analyse and calculate
the data on a monthly basis, to see the effectiveness of the campaigns.
- If the advertising campaigns
were going well, and we had good returns, then it would continue.
- If the campaigns were not
performing, then I would ditch it pretty quickly.
When you
actually track your sales and know what is going on with the real figures, it
is so much easier to make decisions.
I included my staff in these methods,
so they were also aware of why they were doing this, and were fully engaged in
following my procedures and requests.
Although, they were able to collect
the data, my time was still taken up with the tracking and analysis
We continued with this method for a
few years and then smartphones and tablets come out. Technology changes, POS
systems are now apps, and I am thinking that this would be so much easier if it
was automated.
Automating the
methods of measuring advertising effectiveness
Looking at a spreadsheet is like
looking at blocks of numbers, and it is easy to miss stuff or continually look
for the same things.
Yes I could see what was going on to
make decisions, but there can be so many factors that affect the spreadsheet –
wrong formulas, human error at the register (not collecting the information),
wrong calculations at reconciliation, etc.
What I had was good, but not 100%
accurate. And this is what I wanted.
So I entered the
world of software development and Maralytics was born.
Being a restaurant owner and manager
is hard work, and you have so many responsibilities and duties to operate a
venue. I wanted Maralytics to remove the errors, guesswork and be automated,
just like a POS system does as well.
Maralytics collects the information
from your POS at the customer contact point. It does everything a spreadsheet
provides, but in a format that is easy to view and compare, accurately with no
errors.
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