KPI Dashboards & How to Use Them in Your Marketing

By rob.ristagno@sterlingwoodsgroup.com (Rob Ristagno)

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As a business leader, a big part of your responsibilities involves ensuring existing projects and initiatives within your organization are on track while creating space for smart new strategies.

But with a million and one other things fighting for your attention, it can sometimes be challenging to stay up to date.

Fortunately, there’s a tool to help you succeed: KPI dashboards.

KPI dashboards can help you check in with various aspects of your business and make sure everything’s running smoothly.

Let’s take a closer look at what KPI dashboards are and what they can do to help your marketing team succeed in 2022 and beyond.

Every department from sales to operations needs a dashboard, and dashboards are especially helpful for marketing. Between about a dozen online channels to consider (plus offline marketing efforts), numerous elements go into creating and sustaining a healthy marketing ecosystem.

A KPI dashboard helps marketers and business executives identify what’s going on with the elements of their marketing strategy that matter most, where to make changes if things start to go awry, and how to identify opportunities for new initiatives that can spur even greater success.

Getting your dashboard right takes time, but the pay-off is immense. Executives who successfully implement an effective dashboard can get better results and create a more rewarding, enjoyable work atmosphere in which the team has more room for creativity and experimentation.

The KPIs you choose should be related to your strategy and include a mix of forward-looking and backward-looking variables.

While it’s tempting to cram every metric you can think of into these reports, that’s a big mistake. When you’re confronted with a mountain of data, it’s nearly impossible to give the most critical numbers the level of scrutiny they deserve.

What should a KPI Dashboard include?

The best dashboards include only five to nine KPIs. These should, after all, be the key performance indicators behind your business playbook.

If you’re not sure which data points to focus on, think of it this way: what handful of things could totally tank your business if they went south?

Framing it that way can help you sort the vanity metrics, like the number of monthly social media impressions, from the things that matter, like cost-per-acquisition.

Benefits of a KPI Dashboard

KPI dashboards are great because they make it easy to track progress towards goals. Here are some other reasons why you might want to have one.

1. Detailed Overview

KPI dashboards offer viewers a detailed dive into the progress of an organization. Because they are highly visual, it’s possible to organize, analyze, and filter the most important metrics for any business.

Instead of wading through loads of complex data, KPI dashboards break data down in a simple, easy-to-understand form.