{"id":6879,"date":"2023-03-01T10:00:07","date_gmt":"2023-03-01T10:00:07","guid":{"rendered":"https:\/\/scallent.com\/?p=6879"},"modified":"2023-03-01T12:32:45","modified_gmt":"2023-03-01T12:32:45","slug":"kpis-that-measure-the-success-of-brands","status":"publish","type":"post","link":"https:\/\/scallent.com\/en\/posts\/kpis-that-measure-the-success-of-brands\/","title":{"rendered":"KPIs that measure the success of brands"},"content":{"rendered":"
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column width=”1\/4″ column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_hidden-xs”][vc_single_image image=”6647″ alignment=”center”][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column][vc_column width=”3\/4″ column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_hidden-xs”][vc_column_text]Key Performance Indicators or KPIs are a very common way of measuring how a company is growing as a whole.\u00a0<\/span><\/p>\n KPIs are intrinsically linked to business goals and aspects of the business, usually defined and reviewed every quarter. They help track the health of the business, which is why they are also called health metrics.<\/span><\/p>\n Relevant KPIs that measure the success of brands are result indicators, not simply activity meters.<\/span><\/p>\n As Noelia Fernandez, Google’s Director of Large Customer Sales for Northern Europe rightly said: “Ultimately, success is proven when behaviors have changed.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column width=”1\/4″ column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_hidden-lg vc_hidden-md vc_hidden-sm”][vc_single_image image=”6647″ alignment=”center”][vc_column_text]<\/p>\n Pauliny Zito [\/vc_column_text][\/vc_column][vc_column width=”3\/4″ column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_hidden-lg vc_hidden-md vc_hidden-sm”][vc_column_text]Key Performance Indicators or KPIs are a very common way of measuring how a company is growing as a whole.\u00a0<\/span><\/p>\n KPIs are intrinsically linked to business goals and aspects of the business, usually defined and reviewed every quarter. They help track the health of the business, which is why they are also called health metrics.<\/span><\/p>\n Relevant KPIs that measure the success of brands are result indicators, not simply activity meters.<\/span><\/p>\n As Noelia Fernandez, Google’s Director of Large Customer Sales for Northern Europe rightly said: “Ultimately, success is proven when behaviors have changed.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_single_image image=”6867″ img_size=”large” alignment=”center”][vc_column_text]<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_single_image image=”6869″ img_size=”large” alignment=”center”][\/vc_column_inner][\/vc_row_inner][vc_column_text] When starting the process of defining KPIs, the professional should ask himself:<\/span><\/p>\n A good KPI has certain basic characteristics: it is available to be measured; it is important and relevant to the basis of the business; it helps in making smart choices, and it has periodicity, i.e., it needs to be tracked and measured constantly.<\/span><\/p>\n In short, a good KPI shows how your goal is bringing more business or business opportunities to your company.<\/span><\/p>\n KPIs for brands<\/b><\/p>\n During the process of analyzing your brand, you should consider buying behavior and information, advertising and touchpoints, brand promises and associations, brand digitality, and their individual questions.<\/span><\/p>\n For a brand to succeed, it is crucial to know the needs and wants of consumers, and your target audience, have a broad view of the market and competition and understand how your brand can become more relevant and attractive over time.<\/span>[\/vc_column_text][vc_column_text]<\/p>\n [\/vc_column_text][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]The main types of KPIs are sales, marketing, and productivity, and their main categories are:<\/span><\/p>\n They measure the number of resources the company uses to generate a given product and\/or service.<\/span><\/p>\n Help analyze the quality of the product and\/or service throughout the production process.<\/span><\/p>\n Analyze the response capacity of a process through the relationship between outputs produced per unit of time.<\/span><\/p>\n They provide a comparison of the company’s current scenario concerning previously defined goals.<\/span>[\/vc_column_text][vc_row_inner][vc_column_inner][vc_single_image image=”6871″ img_size=”large” alignment=”center”][\/vc_column_inner][\/vc_row_inner][vc_column_text]<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]KPIs can also be classified into three basic categories: <\/span><\/p>\n These are the primary ones for your objective, namely: leads (potential customers), traffic, acquisition cost per lead, conversion rate, total revenue, and revenue per purchase, among others.<\/span><\/p>\n They show that the testing and management of the strategy are going well. Secondary KPIs should justify the primary ones, showing how those results are being achieved. Some examples: cost per lead at each stage of the funnel, newsletter subscribers, blog subscribers, recurring blog visits, cost per visitor, traffic origin (organic, paid, social media, direct, email, and others), and average price per transaction.<\/span><\/p>\n
\n<\/strong>Planner, copywriter and copydesk<\/span><\/p>\nSource: Fauxels<\/strong><\/h6>\n
\nHow to define KPIs\u00a0<\/b><\/p>\n\n
Source: Brand Tracking @ Statista Q<\/a>.<\/strong><\/h6>\n
\n
\n
\n
\n
Source: Mikael Blomkvist<\/span><\/a><\/h6>\n
1. Primary KPIs<\/span><\/strong><\/h3>\n
2. Secondary KPIs<\/span><\/strong><\/h3>\n
3. Practical KPIs\u00a0<\/span><\/strong><\/h3>\n