Why Google Analytics and Purposeful PR are Essential Tools for Franchisors Looking to Grow

Google Analytics and purposeful PR are essential tools for franchisors looking to grow, providing insight into growth goals and target markets.

Read the original at 1851 Franchise
Why Google Analytics and Purposeful PR are Essential Tools for Franchisors Looking to Grow

TL;DR

Google Analytics and purposeful PR are essential tools for franchisors looking to grow, providing insight into growth goals and target markets. Powills emphasizes the importance of using Google Analytics to determine growth goals and target markets, and notes that franchisors should focus on applications rather than just leads.

Google Analytics has always been an incredibly valuable tool for franchise development, Powills says, which is why 1851 Franchise and Mainland are constantly looking for ways to best utilize the platform.

  • If you are not using this tool, you need to be because it gives you tremendous insight as a franchisor, said Powills.
  • It allows you to better determine what your growth goals are and where you need to be to get there.
  • In franchise development, it is not just about the lead. You need to have the tools in place to grow and bookend those leads.
  • With Google Analytics, you can determine if you are actually drawing in people in a certain target market.
  • If you don’t have anybody in Milwaukee coming to your franchise development site, for example, the odds that you are going to find the right prospect decreases.
  • From an indicator standpoint, Google Analytics can help us find where we have lift so we can establish the right target markets or adjust our strategy accordingly.

Powills notes that franchisors should be looking for applications, not just leads.

  • A lot of franchisors look at leads as the main indicator of their growth, but the application is the critical value of that lead, he said.
  • Those are prospects who have taken the next step, made the calls, gone through Discovery Day.
  • You can spend money on lead generation until you're blue in the face, but if you are not focused on applications, you are wasting time.

With Google Analytics, Powills says franchisors can be better prepared to focus on those indicators of where applications are coming from.

  • On the front end, Google Analytics allows you as a brand to understand your data — where are your top markets?

  • Where are people coming from?

  • This can help you decide your growth strategy.

  • If you have traffic in Milwaukee, the odds of you getting an application increases, as long as we're targeting the right people.

  • Additionally, you can cross-reference franchise development site traffic and consumer site traffic in specific markets to find where there is demand on both ends.

Recently, Google Analytics rolled out a new version, and Powills says after checking it out, it is clear that it is not as simple and user-friendly as before.

  • That is why Powills says Mainland is looking to reconstruct its Google Analytics solution on the backend of 1851 Franchise so it is as simple as possible for clients to determine which markets have a higher penetration from a development standpoint and align that with the consumer standpoint.

This month, Mainland has also continued to analyze its pool of nearly 300 franchisee profile interviews to determine where candidates across its client portfolio are receiving their information and how it is getting absorbed before signing. One big question Powills says they have been asking is: how can you impact franchise development through traditional PR?

  • We know in general that extra credit from third-party reporters does help impact leads, but I’ve always found PR to be about lead awareness, not generation, Powills said.
  • The website ends up being the lead generator because that is where the prospect fills out a form.
  • PR is just the starting point that leads to awareness.

Powills says the company aims to achieve 52 placements a year for each of its clients in order to keep them in the media as frequently as possible. Additionally, Powills says the company pairs that with strategic content posted on 1851 Franchise.

  • From there, the big gap is: what are we doing with this PR and content?
  • Do we send it to current leads, cold leads, existing franchisees?
  • What is the campaign strategy beyond getting these big wins?
  • We want to make sure we are sharing every placement on social media, for example.

And social media is increasingly becoming an essential resource for franchise candidates. When asked where they learned information about the franchise opportunity, Mainland found that most of the franchisees they polled said that social media was their primary source of news, particularly Facebook and Linkedin.

In this story

This story was originally published in 1851 Franchise on August 15, 2022. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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