Documents Required from Employees Budget Allocation Sheet: A document that breaks down the ad spend for the month, including how the budget is allocated across different platforms and campaigns
1. Budget Allocation Sheet
Purpose:
The Budget Allocation Sheet provides a detailed breakdown of the advertisement spend for the month, illustrating how the budget is allocated across different platforms and campaigns. This document ensures that there is a clear record of how financial resources are distributed and allows for proper tracking of expenditure and performance.
Contents of the Budget Allocation Sheet:
- Date: The sheet should include the relevant date for the month (in this case, January).
- Ad Spend Summary:
- Total Ad Spend: The overall budget allocated for advertising in January.
- Platform Breakdown: How the total ad spend is distributed across various platforms such as Google Ads, Facebook, Instagram, Twitter, LinkedIn, etc. Each platform should have its own line item indicating the allocated amount.
- Campaign Breakdown: If multiple campaigns are running on each platform, break down the budget per campaign. For example, Campaign A may receive a larger budget than Campaign B, or different objectives may necessitate different levels of funding.
- Campaign Specifics:
For each campaign, include the following details:- Campaign Name/ID: Identify the name or ID of each campaign (e.g., January SCMR-8, Facebook Retargeting Campaign, etc.).
- Platform: Indicate where the campaign is running (Facebook, Google, etc.).
- Objective: Clarify the objective of the campaign (e.g., lead generation, brand awareness, sales conversion, etc.).
- Budget Allocated: The specific dollar amount allocated to that campaign.
- Target Audience: Briefly outline the target demographic for each campaign.
- Allocation of Funds by Ad Type:
- Video Ads: If applicable, include a line for video ads with their allocated budget.
- Display Ads: Include a breakdown for display ads, including costs related to banners or other display ad formats.
- Search Ads: A specific allocation for search ads (e.g., Google Search, Bing).
- Social Media Ads: Allocation for ads on platforms like Facebook, Instagram, and Twitter.
- Expected Outcomes:
- A short description of the expected outcomes for each campaign. For example, expected clicks, conversions, reach, impressions, etc.
- Campaign Performance Indicators:
- Provide KPIs (Key Performance Indicators) for each campaign, including:
- Impressions
- Click-Through Rate (CTR)
- Cost Per Click (CPC)
- Return on Ad Spend (ROAS)
- Conversion Rate
- Provide KPIs (Key Performance Indicators) for each campaign, including:
- Adjustments/Updates:
- Note if there are any adjustments to the original budget plan. For example, if a campaign exceeded its budget or if an allocation was shifted between campaigns during the month, this should be clearly noted.
2. Monthly Campaign Performance Reports
Purpose:
Employees must submit regular campaign performance reports to analyze and assess the effectiveness of ongoing campaigns. These reports should reflect actual performance versus the anticipated results and provide insights for optimization.
Required Components:
- Campaign Name/ID: Similar to the budget allocation sheet, ensure that the campaign is clearly identified.
- Actual Spend vs. Budget: A comparison between the actual spend and the allocated budget. If there were any variances, explain why they occurred.
- Performance Metrics:
- Impressions: How many people saw the ad.
- Clicks: The total number of clicks on the ad.
- Conversions: The total number of actions taken (e.g., purchases, sign-ups).
- Cost per Conversion: The cost of each conversion (calculated as total spend divided by the number of conversions).
- ROAS (Return on Ad Spend): The return you received for every dollar spent on the campaign.
- CTR (Click-Through Rate): The percentage of viewers who clicked on the ad after seeing it.
- Campaign Analysis:
- Summary of Key Insights: Highlight any significant insights derived from the performance metrics, such as what worked well and what didn’t.
- Challenges Faced: Document any challenges encountered during the campaign that affected performance.
- Adjustments/Recommendations: If necessary, propose recommendations for adjustments in future campaigns or improvements to current campaigns.
- Visuals: Include relevant visuals, such as graphs, charts, or screenshots, to support your analysis and give a clearer understanding of the data.
3. Performance Review & Post-Campaign Analysis
Purpose:
Once a campaign has concluded, a post-campaign analysis document is required to evaluate the campaign’s overall success. This document should offer a high-level review and include final metrics, a performance evaluation, and recommendations for future improvements.
Required Components:
- Overview of Campaign Performance:
- Recap the campaign’s main objectives and goals.
- Provide an overall summary of how the campaign performed.
- Final Metrics:
- Total Spend: Total budget spent for the campaign.
- Total Conversions: The final number of conversions during the campaign period.
- Final ROAS: The total return generated from the ad spend.
- Learnings:
- Identify what worked and what didn’t in the campaign, as well as any new strategies that showed promise.
- Suggestions for Improvement:
- Offer insights on areas that can be improved in future campaigns.
- Customer Feedback (if applicable):
- If relevant, summarize any customer feedback that could influence future marketing efforts.
4. Invoice and Payment Records
Purpose:
Invoices and payment records are required for transparency and for tracking campaign expenditures. All employees responsible for the campaign budget need to submit any invoices related to ad spend and confirm payments made to third-party platforms.
Required Components:
- Invoice Details:
- Include the invoice number, vendor details, and date.
- Provide a description of the services or ads purchased.
- Payment Confirmation:
- Proof of payment, such as receipts or bank transaction records.
- Outstanding Payments (if any):
- If there are outstanding payments that have not been settled, clearly note the remaining balance.