Tag Archives: ROI

ROMO: a new era needs new marketing metrics

I was fortunate enough to attend the TechTarget Online ROI summit in San Francisco recently. I can definitely recommend this event as one of the best places to meet like-minded individuals if you happen to work in tech marketing.

ROMO: your flexible friend
In the opening presentation, TechTarget’s Marilou Barsam, SVP of Client Consulting and Corporate Marketing highlighted what she sees as the big changes in online marketing to IT professionals. She brought up the interesting point that the metrics we use to measure campaigns do have a significant impact on the way we plan, execute and decide whether or not we see our campaigns as successful.

We are now developing campaigns more as interactive spaces rather than just simple point-and-click download documents. Throw social media into the mix and you have much more immersive experiences for the audience. For a given topic (say SOA integration), you may have video demos, blog posts, white papers and standard web pages. All work well to generate awareness and promote engagement, but cannot easily be measured using old school direct response techniques. You need metrics that measure engagement and awareness. This is the move away from ROI (return on investment) towards ROMO (return on marketing objectives). This metric is more fluid and can be adapted to the situation.

As far as I can tell, Marilou is advocating a move towards the metrics used by the media industry: average time on site, returning visitor ratio (and what those visitors who visit regularly do) and average page views per visit. Video and audio content introduce their own demands: rather than just clicks, you need to know the length of time people spend on these media. This makes particular sense for campaigns that are driving either awareness or interest. The one drawback I see in moving to this more flexible ROMO framework is how to compare different campaigns. If you aren’t using consistent metrics site-wide, then how can you gauge relative success?

Marketing is oh so passe, dahling
Somewhat related to ROMO is the move in marketing content towards media models. The argument here is that the straightforward logic (that underpins so many marketing campaigns targeting IT professionals) is becoming increasingly irrelevant. The campaigns that win out are the ones that include both logic and emotion. In this context, drama and humor have a strong part to play.

I suspect we’ll see this trend play out in the next few years. Company websites will start to borrow more from online media sites – both in terms of the type of content on offer and how that content is presented. For instance over the last few years we have seen a proliferation in video footage, blogs, podcasts – just for starters, all these tools need to be more fully integrated into corporate websites.