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18 Nov. 2016 | Comments (0)

By Katie Paine One of the more frequent requests we get here at Paine Publishing headquarters is: “Are there any industry benchmarks we can check so we know whether our numbers are good or bad?” My standard response is, “No. The only things you should be benchmarking against are your peers in your industry and whoever keeps your boss, your CEO, or your board awake at night.” But I also realize that many of you can’t afford to measure the competition and are looking for some useful tools to at least get a sense of whether your numbers are in the right ballpark. To that end we’ve tracked down a number of reports you might find useful. Benchmark for your budget If you’re trying to figure out how to allocate staff or allocate your budget, the Society for New Communications Research of The Conference Board (SNCR) has published Corporate Communications Practices: 2016 Edition, which looks at budget sizes among other data. Benchmarks for your email program We’ve used the IBM Email Marketing-Merics Benchmark Study for years to get a sense of how we’re doing here at The Measurement Advisor, even though there is nothing very comparable to TMA in the data. However, it does provide some very useful stats. Nonprofits will find the the M+R Report incredibly useful, as it provides similar data to the IBM report, but for non-profits. Benchmarks for social media Unmetric was the first platform I’ve seen that automatically includes your competition in its social media tracking. While its price may be a bit steep for some ($490/month), it does an excellent job of putting your results into perspective relative to the industry. TrackMaven’s 2016 report, “Social Media Industry Index”  is full of great stats on average engagement rates by industry and by platform. Benchmarks for PR There’s very little in the way of standard benchmarks for PR, because every PR program has different goals and strategies. There are, however, a couple of reliable sources if you want to know what’s going on in the industry: Benchmarks for Content Marketing Benchmarks for Event Marketing Benchmarks for Digital Marketing Benchmarks for Tech Marketing This post was originally published on The Measurement Advisor, the newsletter of Paine Publishing.
  • About the Author:Marcel Bucsescu

    Marcel Bucsescu

    Marcel Bucsescu is a Co-Program Director of The Conference Board Chief Legal Officers Council. Bucsescu has also served Executive Director of the Ira M. Millstein Center for Global Markets and Corpora…

    Full Bio | More from Marcel Bucsescu

     

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