Why Better Measurement Leads to New Memberships

So we’ve established that there is a problem with using dated and untested methods to measure marketing (or a total lack thereof). How can we alleviate this? By developing a solid measurement strategy across the marketing board. This will enable your institution to market based on solid analytical insights, not just on what your competitor across the street is doing. How do you even know what they’re doing is right?

I will not lie: developing a good measurement strategy is not easy. It requires cooperation of everyone on your team; from marketing to IT. It will also cost time and resources, so buy-in from the decision-makers will need to be secured. It should be an easy sell, however. Ensure that they understand the impact of measurable results tied to ROI and how they can be used to increase memberships and improve marketing effectiveness.

Following the prospective member journey from start to finish (regardless of marketing channel!) leads to an unprecedented level of attribution and ROI analysis.

The insights gathered will not only allow for leaner, more efficient marketing tactics (i.e. less money spent with more targeted results), but they will also lead to improved member and customer relations. The user experience can be optimized through the entire process, from marketing and beyond.

Are you a credit union marketer with some marketing challenges? Leave a comment below or reach out to us on Twitter or Google+ and we’ll be happy to answer your questions!