In: Operations Management
Consider that you are in charge of all paid search advertising through Google for your company. One of your colleagues is in charge of Instagram advertising. Your boss is in the process of putting together the marketing budget and has asked you to weigh in on how much should be allotted for Facebook advertising. He tells you that he feels that the organization’s funds would be better put toward increasing spending on Instagram as opposed to Google paid search advertisements. He says, “Pictures on Instagram are just more compelling than little blocks of text in a search engine’s results.” You couldn’t agree less with that sentiment, and you have the data to back it up.
How would you go about making the argument that Google paid search advertisements should receive more of the marketing budget compared to Instagram advertisements? What factors in your boss’s statement above are potentially not taking this into consideration?
What metrics would you use to help make your case, and how would you explain their relevance and importance?
Background
I would go about making the argument that Google paid search advertisements should receive more of the marketing budget compared to Instagram advertisements as below –
The factors in our boss’s statement above are potentially not taking this into consideration are as below
The metrics we would like to use to help make our case, and will explain their relevance and importance are as below
S |
Google Metric |
Instagram Metric |
Relevance and Importance |
1 |
Number of users in the world for Google |
Number of users in the world for Instagram |
It will show the number of users visits the site |
2 |
Number of users visits Google / second |
Number of users visits Instagram / second |
It will show the rate of user per individual site |
3 |
Number of Firms using Google for advertisement |
Number of Firms using Instagram for advertisement |
It will show market importance of the site. |