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3 Ways to Measure Ad Campaign Effectiveness: ROI, ROMI, and ROAS

SmartBug Media

Using methods such as ROI, ROMI, and ROAS can lift the veil of mystery surrounding the success of your ad campaigns, but which method is right for your business and your overall marketing campaign? Return on Marketing Investment, or ROMI.

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Romi Mahajan leaves Microsoft to Join Metavana as CMO

Buzz Marketing for Technology

Long time friend and well respected CMO buddy of mine Romi Mahajan is leaving Microsoft to join Metavana. Romi has been profiled on my blog several times so its only fitting that reached out to find out why. Q: Thanks for taking the time to chat with me Romi, I’ve been a fan of your blogging on ResearchAccess for quite some time and it’s great to finally have a chance to reconnect. CMO Romi Mahajan Social Sentiment

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How GE Digital Doubled ROMI in One Year with Allocadia

Allocadia

They measure for both ROMO (Return on Marketing Objectives), which shows their impact on broader goals on marketing, and ROMI (Return on Marketing Investment), which is based on pipeline and opportunities metrics. GE Digital powering the grid.

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Reward-Based vs. Discount-Based Promotions: Which Drives Greater ROMI?

Aberdeen

Have an idea of which promotions lead to greater return on marketing investments (ROMI)? Check out our exclusive research on reward-based vs. discount-based promotions here to reveal the strategy Aberdeen found to yield greater ROMI, deliver far superior performance results, and to find out which strategy respondents say leads to an average 27.2% The post Reward-Based vs. Discount-Based Promotions: Which Drives Greater ROMI? What kind of promotions hook you?

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How GE Digital Doubled ROMI in One Year

Allocadia

Neenu will share how their new process has driven better alignment for their team into what they’re spending on, which enabled them to achieve a 2.55x ROMI this year.

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Building a ROMI Calculator

delicious b2bmarketing

Better ROMI (Return-On-Marketing-Investment) is one of the many reasons that more and more b2b marketers are turning to Inbound Marketing and Marketing Automation. A couple of pointers: Use Gross Profit, not Revenue, in your ROMI calculation. Some marketers make the mistake in calculating marketing ROI by using pure Sales Revenue in the ROMI formula. marketers have shied away from calculating ROMI.

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B2B Lead Generation Blog: Closed-Loop Marketers More Likely to Reach ROMI Goals

B2B Lead Generation

« Your questions answered on Lead Generation via Podcasts | Main | On B2B Demand Generation tools and Lead Generation Dashboards » Closed-Loop Marketers More Likely to Reach ROMI Goals As Ive written before, Im a big proponent of using closed loop feedback to improve marketing and lead generation ROI. B2B Lead Generation Blog About Free Resources Get FREE Updates Instantly Get A FREE Chapter from my book.

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Getting Towards a Mature Data Infrastructure

Buzz Marketing for Technology

Guest post by: Romi Mahajan. Applications Big Data Customer Experience Data Data Analytics Data Mining Innovation Data Infrastructure Romi Mahajan TimeXtenderData is the watchword in organizations large and small. In fact, how an organization frames data is the single most important determination of future success or failure. As some put it, Data is the new “oil,” the commodity of most value in the modern age. Many business leaders understand this intuitively.

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Microsoft’s Future in Digital Marketing

Buzz Marketing for Technology

Over the weekend I got to meet with Romi Mahajan the World Wide Director of the Digital Marketing Platform Group at Microsoft. Below is a transcript of some Q&A that I captured with Romi …. Applications Content Marketing Inbound Marketing Lead Nurturing Marketing Strategy Digital Marketing FAST search Microsoft Romi Mahajan Sharepoint

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The Return of the “Marketing Mix”

Buzz Marketing for Technology

Guest post by: Romi Mahajan, Blueprint Consulting. Inbound Marketing Innovation Interactive Marketing Marketing Real Time Marketing ROI Strategy B2B Marketing CMO Digital Marketing Marketing Mix Performance Based Marketing Return on Investment Return on Marketing Investment ROMIFashions change. . This cliché doesn’t apply just to hemlines and jeans, but to business as well.

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A (good) data-driven business is a customer-centric business

i-Scoop

Analytics Branding Customer experience Demand generation Digital marketing Integrated marketing Marketing automation Marketing optimization Marketing ROI customer-centric data analysis data-driven business data-driven marketing direct marketing Jim Lenskold marketing ROI ROMIThe days when marketers could make decisions solely based on intuition or gut feeling are over.

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How To Get A Positive Return On Your Marketing Investment

Marketing Insider Group

Calculating return on your marketing investment (ROMI) is something of an art form. This may sound daunting – but creating a strong strategy for long-term growth and sticking to it will give you the best chance of an increase to your ROMI. Use the right tools for ROMI.

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An Essential Guide to B2B Marketing Metrics That Matter

Marketing Insider Group

Return on Marketing Investment (ROMI) . The ROMI metric calculates a marketing campaign’s revenue compared to the cost of executing that marketing campaign. ROMI helps identify marketing projects that generate revenue or lack traction. .

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Improving B2B Marketing ROI: Thought Leadership With Merry Elrick

Adobe Experience Cloud Blog

Marketers need to think beyond justifying their existence, to improving ROMI (Return on Marketing Investment) to the point where they make a real impact on the enterprise. Tags: Accountability Thought Leader Interviews b2b marketing marketing roi Merry Elrick return on marketing investment ROMI The Truth About Marketing ROI thought leadership

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How a Content Hub Can Help Content Managers

DivvyHQ

More here from guest contributor, Romy Catauta. As the content marketing technology landscape continues to evolve, content marketers have more and more tools at their disposal.

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Bolster your Go-to-Market plans by prioritizing the metrics that matter

Tomorrow People

Return on Marketing Investment (ROMI) Hubspot recently reported that 40% of marketers cited “Proving the ROI of our marketing activities” was their company’s biggest marketing challenge. A simple way to calculate ROMI is to compare revenue gains with the marketing investment.

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CMO Advice: What to look for when choosing a Social Media or Digital agency?

Buzz Marketing for Technology

I had a chance before the holiday to interview Romi Mahajan, President of KKM Group, an Advisory company focused solely on Strategy and Marketing to get his advice on what CMO’s should be looking for in an Agency. Romi: The single most important factor is the agency’s internal organizational principle. Romi: This is of course the 64,000 dollar question, but that said: Agencies that get it have the following characteristics: 1. Romi: As if being AOR is a good thing!

ROMI 100
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Executive Insights: Account-Based Marketing (ABM) with Eric Martin of SAP Marketing

Marketing Insider Group

Have you successfully measured the return of marketing investment (ROMI) of your ABM programs?

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Is Marketing ROI Important?

Customer Experience Matrix

Frankly, this surprises even me: ROMI appears every time I jot down a list of such measures, but it never quite fits into the final schemes. To use the categories I proposed yesterday , ROMI isn’t a measure of business value, of strategic alignment, or of marketing efficiency. Although ROMI could be considered the ultimate measure of marketing efficiency, it is too abstract to fit easily into this group. Were I to calculate ROMI, I’d do the same.

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CMO Advice: What to look for when choosing a Social Media or Digital agency?

Buzz Marketing for Technology

I had a chance before the holiday to interview Romi Mahajan, President of KKM Group, an Advisory company focused solely on Strategy and Marketing to get his advice on what CMO's should be looking for in an Agency. Romi: The single most important factor is the agency’s internal organizational principle. Romi: This is of course the 64,000 dollar question, but that said: Agencies that get it have the following characteristics: 1. Romi: As if being AOR is a good thing!

ROMI 100
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Account-Based Marketing (ABM) at Twenty: A Benchmark for Success in 2023 and Beyond

Marketing Insider Group

The majority (72 percent) saw higher Marketing ROI (ROMI) with ABM and most (66 percent) experienced improvement in sales and marketing alignment. It’s now been 20 years since the team at ITSMA coined the term Account-Based Marketing (ABM).

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What Percent of Leads Should Sales Close?

ViewPoint

Close Rate Required for 10x ROMI*. ROMI = Return on marketing investment. The answer to this question is a lot more complicated than it looks. There are many factors that impact the percent of leads that should be closed by sales. This blog will take you through five factors that impact lead close rate and a calculation you can use to determine the minimum close rates your product or solution requires. The five main factors in lead close rate are: Market definition. Lead definition.

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The Most Important Marketing Metrics

Marketing Insider Group

If you get just one metric to present to your CEO, it should marketing return on investment (or “ ROMI “). But ROMI does not show something that may be even more important: is your marketing better than your competition? And I believe there will be a proven correlation between high share of conversations, high conversions and high ROMI. What marketing metrics do you use to run your business? Are they the same as the metrics you report to your CEO?

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How to Train Your Media Planning AI (The Right Way)

Bionic

Examples include: CTR – Clickthrough Rate ROAS – Return on Ad Spend ROMI – Return on Marketing Investment Advertising Effectiveness Score Effectiveness KPIs are notoriously difficult to calculate because they depend on attribution models and good integration.

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How to Scale Up Your Content Creation (Without Sacrificing Quality)

Marketing Insider Group

This practice can extend your content’s lifespan and in turn your content marketing ROI (or ROMI). Creating content for your website is a rewarding process. A labor of love , if you will. The more you do it, the better you get, and the more customer traffic you get.

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B2B ABM: Seven Sales & Marketing Tips for 2017 - Tip #4: How Much Should Leads Cost?

ViewPoint

Now let’s assume that you are looking for a 10x ROMI (return on marketing investment). How much should a lead cost? My answer to this is, and has always been, probably more than you think, but definitely less than you are currently paying. If you want more information on understanding how much you should be paying for a lead, check out our How Much Should a Lead Cost whitepaper.

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A five-step playbook that will optimize lead generation programs

B2B Lead Generation

Companies that adopt closed-loop lead management processes report higher return on marketing investment (ROMI) than those that do not, making this a key investment for B2B marketers. The challenge that many organizations face is that their lead management process is a black hole. I'll address this proverbial black hole between your company's sales and marketing efforts during a MarketingExperiments' Web Clinic on Wednesday, September 24 at 4 p.m.

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How To Get A Positive Return On Your Marketing Investment

Marketing Insider Group

Calculating return on a marketing investment (ROMI) is something of an art form. But even if you haven’t nailed down a formula for ROMI, your investment decisions should still hinge on their ability to yield positive results. Unlike capital investments, which have a fixed, upfront cost and clear results, marketing investments evolve over time and have both empirical and intangible results.

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Gold Calling vs. Cold Calling

ViewPoint

Theoretical calculations of return on investment (ROI) or return on marketing investment (ROMI) are used to judge the success of the program without regard to actual results. I've written many blog posts on the fact that cold calling isn't dead. In fact, doing the right amount of research, adding a personalized touch to your outreach attempts, and a lot of persistency will help you get in the door for more prospects than you might think.

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The Power of Return On Marketing Investment Calculations

delicious b2bmarketing

And we’ve also all heard about a calculation called Return on Investment, or perhaps more accurately for us marketers, Return On Marketing Investment, or ROMI, which can and does answer the question. Given that ROMI has the power to pinpoint which campaigns to increase spending on, and which ones to pause or stop running, there appears to be a disconnect. 3 factors are driving organizations large and small to focus on ROMI today: 1. Cymbic’s ROMI Calculator.

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Is It Time to Reconsider and Reprioritize Your Marketing Metrics in the Time of Coronavirus?

Tomorrow People

Return on Marketing Investment (ROMI). A closer look at what marketing tactics seem to be working – and what to watch out for.

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Digital Transformation as an Expression of Business

Buzz Marketing for Technology

Guest post by: Romi Mahajan, KKM Group. In much of industry, the idea of “Digital Transformation” has taken root. At the core of this process is the need to replace antiquated and “slow” processes, products, and service offerings with agile, automated, and “smart” processes, products, and service offerings.

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What Should the Sales Close Rate Be?

ViewPoint

If the average company could, in fact, close 20% of sales qualified leads the ROMI would be $28.80 I’ve read and heard (from a well-known industry analyst firm) that best-in-class companies close 30% of sales qualified leads while average companies close 20%. Those results factor in lead leakage of between 52% to 86% of the marketing qualified leads put into the top of the funnel.

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How Freshworks is Turning Digital Channels into Predictable Revenue Streams

Allocadia

Measuring ROMI – with little visibility into spend, it was increasingly difficult to calculate the corresponding ROI to their campaigns. Freshworks provides intelligent customer engagement software for businesses of all sizes, making it easy for teams to win customers for life.

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The Most Important B2B Marketing Metrics for CEOs

Markempa

Return on Marketing Investment (ROMI) What’s your return on your marketing investment (ROMI)? Do you know what CEOs want most from B2B marketers? They want clarity about marketing results. CEOs often complain, “Why can’t I see clear measures and ROI from our marketing?” ” They expect their marketing leaders to provide clear metrics and be accountable for meeting their numbers just like their sales leaders.

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Why Marketers Need to Think Like Data Scientists (And How to Do It)

Content Marketing Institute

For starters, Katrina suggests marketers get comfy with these terms: ROMI and CLTV. ROMI (return on marketing investment) is distinct from ROI, which technically applies only when a business asset is sold. See this online ROMI calculator. Talk in terms of ROMI any time you have costs and sales that you can tie directly to a marketing campaign. Katrina gives this formula: ROMI = incremental net profit (additional income minus additional costs) ÷ cost of campaign x 100%.

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Investing in Marketing: Calculate ROI before you Leap

delicious b2bmarketing

Today, more and more marketers are embracing the importance of demonstrating tangible Return-on-Marketing-Investment (aka ROMI). Today, 3 factors are driving organizations large and small to focus on ROMI: The recent economic downturn, tight budgets, and the added emphasis on cost accountability. If you are looking for an easy way to help you calculate ROMI, here are a few helpful links: To calculate ROMI for your website project, click here.

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Executive Insights: Imperative Marketing Analytics for the Modern Marketer

Marketing Insider Group

Marketing ROI (ROMI) is directly related to marketing budgets, and tracking how our marketing investments are translating into business success.

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'Gold Calling' Is Alive and Well

ViewPoint

Theoretical calculations of return on investment (ROI) or return on marketing investment (ROMI) are used to judge the success of the program without regard to actual results. More musings on the premature death knell for outbound sales. Anthony Iannarino wrote in a blog that “All generalizations are lies.” One of the biggest and most damaging is that cold calling is dead.

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Allocadia’s MPM platform will inspire you to ditch your marketing spreadsheets

ClickZ

times greater return on marketing investment (ROMI) this past year. times greater return on marketing investment (ROMI) this past year. 30-second summary: Founded in 2010 by twin sisters Kristine and Katherine Steuart, Allocadia has over 100 employees around the world.