Benchmarking
Step 1
Before you begin, it’s important to be clear about why you want to benchmark and how it will help you. Here are some examples:
Internal advocacy
You might want to use benchmarking information to prove to your management team or board that your online marketing operation is under-resourced.
External advocacy
You might need facts and figures to prove to your local authority that you represent value for money. Or you might need to demonstrate your value to a potential partner or sponsor.
Informing strategic decisions
You may be making decisions about salaries or planning a capital investment programme and need external data to strengthen your case.
Checking how well you are doing
You could use benchmarking to compare your performance with others; for example, what kind of response you are getting to your direct mail or what proportion of sales are made online.
Identifying areas that may need investigation
You might have a ‘hunch’ that something’s not quite right or that you’re under-performing in a particular area but need more evidence to back this up. Or you might simply want to see if anything emerges from the exercise to help in your future planning. An open mind is fine!
