Word (or phrase) of the Week: What is "KPI" - Key Performance Indicator?
For attorneys venturing into the realm of digital marketing, the term “KPI” is crucial. KPI, or Key Performance Indicator, is a measurable value that illustrates how effectively a company is achieving its business objectives. In the context of Google AdWords and SEO, KPIs are metrics that indicate the performance of your online campaigns.
What is “KPI” in the world of digital marketing?
For Google AdWords, attorneys might consider KPIs like Click-Through Rate (CTR), Cost Per Click (CPC), and Conversion Rate. These metrics can give insights into how your ads are resonating with users and at what cost.
In the world of SEO (“Search Engine Optimization” or organic searches, i.e., non-paid advertising), KPIs might include organic search traffic, keyword rankings, and bounce rate. Monitoring these metrics can shed light on how your content is ranking on search engines and how engaged your audience is.
Understanding KPIs is crucial to perfecting your law firm's digital advertising strategy.
In essence, KPIs provide attorneys with a roadmap to gauge the effectiveness of their online strategies and where improvements can be made. Remember, understanding your KPIs means understanding your ROI. Stay informed and adapt accordingly.
Happy Lawyering!