Survey: 42% of Marketers Believe their Company ‘Needs Improvement’ When it Comes to Measuring Marketing Impact

Marketers are constantly looking for ways to link their efforts to company success, and new research shows that they are still struggling to gain insight into how their initiatives are making a difference.

DemandGen recently published the “2019 Marketing Measurement and Attribution Survey Report,” and statistics showed that the majority of marketers (42 percent) believe their company “needs improvement” in terms of its current ability to measure and analyze marketing performance and impact. One year ago, 40 percent of marketers said the same, while 14 percent stated that they are “poor or inadequate.”

digital marketing

Approximately 50 percent of respondents said that their largest challenges in terms of measuring marketing performance is the inability to measure impact across channels/campaigns.

Documented Strategies Help Struggling Marketers

As marketers continue to highlight their struggles in terms of identifying their impact on company success, previous research suggests that having a documented strategy can help.

Coschedule surveyed 1,597 marketers to determine how their marketing strategies are shaping up in the digital age. Most respondents (48 percent) only “somewhat” agreed that their marketing efforts have been successful. However, marketers who have a documented strategy are 538 percent more likely to report success compared to those who do not.

In addition, marketers who document their processes are 466 percent more likely to report success compared to their counterparts. Those who set goals are 429 percent more likely to report success as well compared to those who do not.

“We have a successful online business, and wanted to take the next step. We approached KoMarketing with the notion of leveraging its expertise in building better search rankings. Both in our defined critical areas and across the board, KoMarketing has helped us grow our presence. They were hired to expand our visibility, but took extra steps to provide many useful recommendations for other areas of our online presence that have had positive impacts. Derek and his staff work hard and take extra steps to ensure you succeed. They are an outstanding partner.”

Scott Stone — Scott Stone, Advertising & E-Business Manager, Cisco Eagle

Get the latest b2b digital marketing information: