Travel Companies: Attract and Conserve Valuable Custom with Call Tracking Software
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For many companies, regardless of the revenue of online sales, offline calls contribute a massive amount of the overall conversion ratio. The generally-agreed total of offline calls generated through an online search is around 43%*. When these calls are highly valuable in terms of revenue, there is an immediate problem in tallying these sales along with your online ones to determine ROI and your marketing efficiency.
This often happens in areas such as the travel industry: it is to be expected that, for expensive purchases and complex or extended transactions, the customer will often want to talk to a person over the phone to answer queries or to provide specific information. When you think that such a vast percentage of sales are conducted through this method, it has to be understood that, without the ability to analyze the ad source for these sales, the information surrounding the customer’s point of contact with your company is either confused or lost altogether.
Call tracking software is the solution to this problem. Given the sheer number of offline sales in these industries, this allows the expansion of sales and leads tracking into the heretofore ‘blind’ area of offline calls generated online, and a deeper knowledge of the performance of newspaper, radio and television advertising. With the emergence of telephone conversion tracking, this huge grey area of the marketing picture is filled in with incredible detail.
The data retrieved using call analytics is conducive to business pragmatism, and serves to empower action made to the upkeep of a marketing campaign. The marketing budget of any business is something which requires justification to use – with a smaller company, it is especially precious; with an established business it is no less indispensable because there is more of it. Being able to streamline and conserve even 10% would be a massive improvement of marketing efficiency, and as individual ad campaign numbers can be identified and confidently supplemented or reduced, savings of this kind are simply a matter of rational comparison and action.
Imagine, for example, that your new television advert has dented the budget, but you are confident about its ability to bring a profit. Sales increase, and so, happily, you consider to continue the ad, or even to expand on it, moving to a more popular channel at a more popular showing time. In reality, the decision to pump more budget into this campaign has been made without the certainty that the television ad is responsible for the sales increase; it could even be that the ad is failing miserably in achieving justifiable ROI, and the sales peak is being generated by discrete from the TV ad.
With a call tracking solution, every call contributing to this sales peak can be sourced and accounted for. A system of identifiable telephone numbers matches the ad that generated the call, and so, if for some reason the television ad was in fact failing to achieve its potential, the call tracking software would illustrate the other origins that caused the sales boom which ’seemed’ to have been the result of the TV ad. Without this information to hand, the ’sure-fire’ decision to the continued subsidy of the TV campaign would have been a costly mistake.
As we have seen, the advent of phone call analytics transforms the offline ‘blind spot’ into a resource for collecting valuable information on the progress of your marketing strategy. High revenue-achieving calls are made every day, and this software provides a valuable insight into the way in which customers interact with your company, where you need to concentrate marketing strategy, and how to go about doing so.
(*Source: A Nielsen/NetRatings and Webvisible survey: 2006, ComScore Google Study: March 2006)