Measuring Marketing ROI

How LGM ensures every dollar spent drives results.

Many course owners, operators and managers dedicate significant resources to advertising – as they should. But how does one determine if ads are successful? Did that ½ page ad on the Wednesday sports page generate any rounds? Is banner advertising worth it? This post will discuss how managers can measure advertising – from simple SKUs to advanced tracking.

Your Point-of-Sale System

The simplest way to measure ads is via your POS system. Any time you advertise a promotion, take a few minutes to set up a new SKU for tracking purposes. Let’s use that Wednesday sports page ad as an example; it promotes a $50 senior rate. Add a new SKU for “Senior Rate Promo” in your POS. Then train your staff to ensure all rounds via the promo are run under that SKU. At the end of the campaign, simply run a sales report and compare it against the ad cost to determine your ROI.

Promo Codes

Most POS systems, online tee sheets, and booking engines currently accommodate Promo Codes. If yours doesn’t, it’s time to switch. Using our Wednesday newspaper ad for this example, we could edit the ad creative to promote the code – “Use Promo Code S50 when booking online to secure your rate”. As before, determine how many promo codes were redeemed at the end of the campaign to determine your ROI.

Tracking Numbers

We all know the golf industry lags a bit behind others. In an age when nearly everyone books flights and hotels online, most golf courses still see 80% or more of reservations made via phone. Use Tracking Numbers to track your offline ads. Tracking Numbers are unique toll-free phone numbers that you can print in your ads. Again, using our Wednesday newspaper example, you could include a unique tracking number associated with that specific ad and determine how many inbound phone calls the ad produced.

Anything and Everything Online

Suppose you are advertising online and not tracking; shame on you! There are thousands of platforms to accomplish this, but some basic set-up at the beginning of your campaigns will provide you with helpful analytics down the road. When advertising on social media, make sure to use a URL shortener like Bit.ly to shorten your URLs. You’ll be able to track clicks and behavior for every shortened URL you post. When using Google, Instagram, or Facebook, make sure to use tracking pixels to track behavior once the visitor lands on your site. Finally, you must have Google Analytics on your website, and you should think about setting up the “Goals” section of the platform to see if users are taking the actions you want.
We’ve just scratched the surface of tracking your campaigns here, but these four ideas will go a long way to help you determine if your ad investment is paying off. Used in combination and consistently, the simple practices above can take you from being entirely in the dark to being a well-informed, data-driven marketer. And you’ll be well on your way to becoming a full-fledged Growth Hacker.