What are Marketing Objectives?
What do you want a marketing initiative such as an advertising campaign to accomplish for the bottom line of your business? Common marketing goals are customer acquisition, order value, engagement, and contribution to revenue. Objectives usually follow the SMART format: specific, measurable, actionable, relevant, and time-bound. An example of email marketing is a goal to acquire 5,000 new customers this quarter through the ‚ friends and family loyalty discount email campaign. This is a critical aspect of the digital ecosystem, offering numerous examples and case studies that illustrate its application across different industries and scenarios.
Example
A clothing retailer launching a new sustainable apparel line may set objectives to:
- Increase brand awareness among environmentally-conscious consumers.
- Boost sales of sustainable products.
- Expand the customer base.
- Enhance customer engagement and loyalty.