For your chosen company, use what you've learned in the
reading & lectures to explain in a blog post:
- What
are their critical few metrics? Why?
I think the critical few metrics
of DELL are:
Average sale price
Average sale price of Dell’s products can affect the sales volume
directly, by rising or reducing price can increase or reduce the sales volume. Average sale price can tell Dell what price
for average is the best.
Profit margin
Profit margin can improve by raising sales price or reducing overhead.
Also profit margin can affect the sales price and overhead. Average sale price,
profit margin and overhead are mutual dependence. There will be the best point
that can make each reach the best place.
Overhead
Overhead is the key to measure the efficiency of this company.
Conversion rate
Good web analytic can help dell see the customer behavior and understand
why. When there are any problems, it can help to find it out and improve it, which
can increase the chance that people buy their products.
Visitors
Usually people won’t buy something on the website they firstly visit.
Advertising everywhere in any ways can increase the search or visit chance. And
also might increase the sales.
- What
are their macro conversions?
Their macro conversions are involved:
technical support, Multipurpose
Ecommerce Website which convert website visitors to buyers.
- What
are their micro conversions?
Their micro conversions are
involved:
1. Registration of visitors.
2. Users who sign up for premium content
3. Incoming calls: contact number page view to the quantity of incoming calls.
4.
Content consumption.
5.technical support tickets opened on website.
Hi Ning, If you had to pick only 3 of the metrics you mentioned for your critical few to measure online marketing, which would you choose? (and why?)
ReplyDeleteI will pick average sale price, profit margin and conversion rate. The average sale price and profit margin consider them together can let me know if there are any space in price that I can make our price at the most reasonable place and the conversion rate can help me know the efficiency of our website and what things I can improve to make it better
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