What ROI Will Never Tell You

Posted on January 19, 2017 · Posted in Marketing

January 19, 2017

by Carla Johnson

“If you can’t measure it, don’t do it.”

We’ve heard this plea hundreds of times, but marketers have to quit blindly following this mandate.

Often the most valuable part of our work isn’t measurable.

Think about networking. The time we spend cultivating relationships – deeper relationships – with fewer people is by far more valuable than collecting dozens of business cards from people who will basically remain strangers.

Nearly every exec will agree but few will support it when it comes down to it.

But let me give you an example of why it’s true.

What’s the ROI?

Social-media guru, author and entrepreneur Gary Vaynerchuk tells a story of a meeting he had with a senior exec of a large brand. The company brought him in to talk about social media. And throughout the meeting, said exec kept asking, “What’s the ROI of social media?” “What’s the ROI?” “How do we measure it?”

Frustrated, Vaynerchuk finally shot back, “What’s the ROI of your mother?”

He didn’t mean it in a usual GaryVee kind of your mother way, but in all seriousness…how do you measure the ROI of your mother?

You can’t.

But does that make that relationship, the time that’s invested over a number of decades, any less valuable?

Of course not.

And that’s Gary’s point.

When numbers cripple creativity

This is when phrases like, “If you can’t measure it don’t do it,” become ridiculous.

Of course you’re going to build a relationship with your mother. And you should be trying to build relationships with an audience, even if you can’t measure or predict every action.

Numbers only tell part of the story. Most metrics only calculate the things that can be seen…which is why they can be measured. Becoming a slave to analytics means you miss opportunities to be massively creative and learn new things.

If you take a risk with your marketing and step outside the box, you might stand out from the crowd like you never imagined. Ask Carey Smith, Chief Big Ass at Big Ass Fans. He didn’t start a company of all things ass-related because the numbers told him to do that. He did it because he understood his customers. Deeply. And that their straight-forward, no-nonsense attitude (are you the company that sells big-ass fans?) led him to really own and embrace the contrarian personality of the company.

He didn’t do focus groups to see how many people liked the Big Ass name. Because if he did, and listened to the numbers, he probably would have stay with the High Volume Low Speed Fan Company name. (yawn….)

How do we measure value?

I’m not sure that we can. And, to be honest, I’m not sure we should spend an awful lot of time trying.

Who wants to build a relationship with someone who’s always keeping score? That’s boring.

Relationships are about taking time to get to know each other. Building a rapport. Tic marks and spreadsheets distract from the true goal of empathy and understanding.

Don’t agree?

Then go ask your mother what she thinks.

Photo credit: Gratisography

About Carla Johnson

CarlaCarla Johnson Johnson is a world-renowned business storyteller, a sought-after speaker on marketing, leadership and creativity and a prolific author of seven books. Her latest boo is Experiences: The 7th Era of Marketing, which teachers businesses how to develop, manage and lead the creation of valuable customer experiences that drive business results. Consistently recognized as a top influencer, Carla works with Fortune 500 brands such as 3M, American Express, Emerson, Western Union and Motorola Solutions. Over the last two decades, Carla has challenged diverse audiences to become innovators and change-makers. And to embrace storytelling as a way to move big ideas forward.

A creative adventurer, Carla delves into the assumption that creativity is a gift bestowed on a sacred few rather than a forgotten skill that everyone possesses. She teaches marketing executives how to develop idea-driven teams and a culture that breeds unstoppable creativity. Today, Carla travels the world teaching executives and teams about game-changing innovation through her keynote presentations and workshops.