About Lesson
Assignment: Monitor the performance of a campaign using trackable links. Provide a detailed analysis of the collected data, including the number of clicks, conversion rate, click-through rate (CTR), and return on investment (ROI). Present an action plan based on the obtained results.
Instructions:
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Collecting data:
- Example: You launched an email marketing campaign, sending 5000 emails with a trackable link.
- Number of clicks on the link: 250
- Total number of conversions (e.g., completed purchases): 25
- Total cost of the campaign: €200
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Calculate the conversion rate:
- Example: The conversion rate is calculated as [(Number of Conversions / Total Number of Clicks) * 100].
- [ 25 / 250 * 100 ] = 10%
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Calculate the click-through rate (CTR):
- Example: The click-through rate is calculated as [(Number of Clicks / Number of Emails Sent) * 100].
- [ 250 / 5000 * 100 ] = 5%
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Calculate the return on investment (ROI):
- Example: Assume that each conversion generated an average gain of €10.
- Total gain from conversions = [ 25 * 10 ] = €250
- The ROI is calculated as [(Total Gains – Total Cost) / Total Cost * 100].
- [ (€250 – €200) / €200 * 100 ] = 25%
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Analyze and interpret the results:
- Example:
- Your campaign generated 250 clicks with a CTR of 5%.
- The conversion rate was 10%.
- The campaign ROI was 25%.
- Example:
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Propose an action plan:
- Example:
- Based on the results, you might consider improving the email design or the text of the email to increase the CTR.
- You could test new targeting strategies to increase the number of conversions.
- It might be useful to reduce campaign costs to further improve ROI.
- Example:
🍏The best solution, 10/10: Criteria:
- Accurate and complete data well presented.
- Correct and detailed calculations for conversion rate, CTR, and ROI.
- Critical and well-argued analysis of the results.
- Realistic and actionable action plan, with practical suggestions also implementable.
Example:
The intervention with the best criteria:
- I collect the data: I sent 5000 emails, obtained 250 clicks and 25 conversions with a cost of €200.
- I calculate the conversion rate: [(25 / 250) * 100] = 10%.
- I calculate the click-through rate (CTR): [(250 / 5000) * 100] = 5%.
- I calculate the return on investment (ROI): [(€250 – €200) / €200 * 100] = 25%.
- Analysis of the results: The campaign achieved a CTR of 5%, conversion rate of 10%, ROI of 25%.
- Proposed action plan:
- Improve the design and text of the email to increase the CTR.
- Test new targeting strategies to improve conversions.
- Reduce campaign costs to further improve ROI.
This example has clear requirements, precise calculations, and actionable proposals for improvements.