How do you measure ROI in marketing?
Marketing ROI is measured by comparing the revenue a channel produced with what it cost, including the ad spend, the agency or staff time and the tools. The hard part is the revenue side: it requires every enquiry, call and purchase to be recorded with the channel that produced it, and then matched to what those enquiries were worth once they closed. For a business with a sales cycle, that means connecting the website tracking to the CRM so closed deals can be traced back to their first visit. Without that link, reports fall back to clicks and impressions, which are costs, not returns. GrossiWeb's analytics and reporting service sets up GA4 conversion tracking and the CRM connection first, then builds the dashboard on top.
Report ROI by channel and over a period long enough to include the sales cycle. A month of paid search can look unprofitable if its deals close in the following quarter.