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CPM, or cost-per-thousand ad impressions, is a metric you'll see on just about all of your ad channel reporting. When it comes to large retail brands, CPM is one of the most important metrics, but should CPM get the same love in apartment marketing? Jenny dives into the what CPM is, why the "M" stands for thousand, and how she uses CPM when running multi-family campaigns.
Email marketing is one of the most underrated channels for apartment marketing. For the few marketers that do run paid email blasts, one of the most "important" metrics is open rate. What's it all about? Listen in and find out.
Apartment operators have long attempted to measure advertising effectiveness by dividing the number of leads against the total ad spend. In the digital age, this has gotten both 'easier' but also more confusing. In this Monday Metric, we cover some quick Cost Per Lead (CPL) benchmarks for apartments while also providing some caution against always optimizing to CPL. Finally, we also go a smidge off-course on the Vacation Rental industry and how it relates to us here in Property Management.
Friggin' Google. They took away one of our favorite metrics: "Avg Position." It's now been replaced with "Top Impression Share" and "Absolute Top Impression Share." Why the heck Google? Should we be paying attention to these two metrics? Or are they simply a fun party trick to freak out your vendor of choice with? Find out in this version of the Monday Metric.
On today's Monday Metric, we cover one of the holy-grail metrics for digital marketing: walk-ins. This metric reports how many people saw a digital ad, and then walked into the property as a result. There are a couple of things that can quickly cause poor reporting with this one, so tune in to learn where things can go wrong when it comes to measuring your walk-ins.
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