PostHeaderIcon How Much Does Call Tracking Cost?

Daniel Bernal asked:




Actuaries have a formula for determining the cost of call tracking. It is a measurable commodity in that sense. Advertising firms feel the benefits far outweigh any cost incurred as it gives them measurable proof of the effectiveness of the marketing campaigns they sell to their clients. International enterprises look at tracking systems as a cost savings utility that prevents unnecessary drain of funds on unproductive ad campaigns. Call tracking has become an integral part of effective money management in all forms of internet advertising programs. The database built by these systems activities also provides a powerful customer retention tool. In an economy where so many companies can provide the same services, customer satisfaction often is the determining factor in winning and retaining customers. Call centers with tracking technology excel in making clients feel their concerns are known and resolved with a single call.

The formula used for determining the cost of call tracking for a company is;
Cost = Sum of Marketing Expenses divided by the Number of Phone Calls Received Per Month

Some service providers charge on a per minute basis that shrinks as volume increases. These online providers offer bulk rates and discounts for enterprise clients. Other providers offer monthly service packages for as little as $25. The large comprehensive marketing firms often offer call tracking services as a part of the free services bundle they provide their clients.

When a small business is trying to determine how much call tracking services costs will cost them there are a few items that should be factored in. Deducting the cost of maintaining a bank of expensive business telephone numbers alone can often cover the cost of an online tracking program. The service provider maintains the inventory of telephone numbers that are used to link the ad campaign that generated the telephone contact to the sales lead. Computer hardware and maintenance costs are also shifted from the small business to the service provider. The technology supporting tracking services continues to change quickly. The burden of staying current with new innovations in the marketing performance measurement industry is beyond what most businessmen care to deal with but want to benefit from. The database that is created in the call tracking process doubles as an effective knowledge base for quick recognition of clients, their history with the company and issues when they call customer service representatives for help with problems or concerns. The company that gives that feeling of instant recognition to their clients has a distinct advantage over those that have to place people on hold, request call backs or have to transfer them to different people to get their needs met.

Creating a spreadsheet of the expenses that can be reduced by subscribing to a call tracking service with a column for the multifaceted benefits of the easily accessed information on marketing ROI and customer history.

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