Performance marketing is a form of online marketing in which advertisers only pay when a specific action takes place, such as a sale, a registration or a click. It is based on the principle of measurable results so that the ROI (return on investment) for marketing measures can be clearly determined.
Definition: KPIs (Key Performance Indicators) are key figures that are used to measure the success of marketing measures.
Application in performance marketing: Some of the most common KPIs in performance marketing are the conversion rate, the cost per click (CPC), the return on ad spend (ROAS) and the customer acquisition cost (CAC). By continuously monitoring these KPIs, marketers can optimise the performance of their campaigns.
Measurability: A key feature of performance marketing is the precise measurability of marketing activities. Every action, be it a click, a download or a purchase, can be recorded and analysed.
Goal-orientation: Performance marketing pursues clear and specific goals, such as a certain number of leads, sales or website visitors.
Cost efficiency: Only those actions are paid for that actually trigger a desired response from the user. This can be done on a cost-per-click (CPC) or cost-per-action (CPA) basis, for example.
Optimisation: By constantly analysing the collected data, marketing measures can be adapted and optimised in real time. This makes it possible to utilise the budget more efficiently and achieve better results.
Transparency: Advertisers have full insight into the performance of their campaigns at all times. They know exactly how much they are spending on what and what results they are getting in return.
Flexibility: Campaigns can be quickly adapted to changing conditions or insights. This can be done, for example, with regard to the budget, the selected channels or the target group orientation.
Target group specificity: Detailed targeting allows you to address precisely those users who are relevant to a product or service. This minimises wastage and increases the chance of conversions.
Continuous learning curve: As data is constantly collected and analysed, a continuous learning process is created. With each campaign, you gain more insight into the behaviour and preferences of the target group.
Scalability: Successful performance marketing campaigns can be easily scaled. This means that once success has been established, the budget can be increased to reach even more potential customers.
Technology-driven: Performance marketing uses the latest technologies, tools and platforms to manage campaigns, collect data and carry out analyses.
Definition: This involves the overarching planning and alignment of performance marketing campaigns. An effective strategy takes into account objectives, target groups, budget allocation and the selection of suitable channels and tools.
Implementation: A successful performance marketing strategy begins with the definition of clear objectives (e.g. increasing website traffic or boosting sales figures). The appropriate channels are then selected and the campaigns aligned accordingly. Continuous monitoring and adjustment of the measures is essential in order to maximise the ROI.
Performance marketing is designed to deliver measurable results that are directly linked to marketing activities. Various advertising measures are available for this purpose:
Pharma Marketing - Strategies for pharmaceutical companies to advertise medicines and health products in compliance with regulatory requirements.
Medical Writing - Writing scientific documents in the medical field, such as research articles and patient information, with a focus on clear communication.
Social media marketing - using social networks to promote brands and engage with audiences via platforms such as Facebook or Instagram.
Data Driven Marketing - marketing decisions based on data analysis to optimise campaigns and increase ROI.
Healthcare Marketing - Promotion of services and products in the healthcare sector, often in compliance with specific regulatory requirements.
Healthcare Agency - For effective pharmaceutical and healthcare marketing. Specialised in digital, social media.
Sanofeld is an innovative Healthcare Agency focusing on Pharma and Healthcare. We provide comprehensive marketing services for OTC and RX.
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E: mail@sanofeld.co.uk