01 December 2009
5 tips for B-to-B search marketing
In Australia, because of the dominance of Google, paid search marketing is normally Google AdWords advertising.
The following tips may help you get better value for your investment.
1. Pre-qualify
In mainstream advertising, when you want to reach Chief Executives and you choose to advertise in the Financial Review, you are pre-qualifying.
Well, you have to do exactly the same online. And you mainly do it with key phrases and keywords. You can hardly spend too much time getting your keywords right and regularly reviewing them.
The keywords should make it clear exactly what people will find when they click through to your site. If they click on ‘house and contents’ you’d better make sure that’s where you take them – and that when they get there, you explain your ‘house and contents’ policy. You may reduce the volume of clickthroughs, but that’s what qualifying involves.
2. Focus on what the user needs
If you truly understand the buying steps that your prospects typically go through, you are more likely to know exactly what it is that they need.
What is most likely to influence purchase? If it's a complex sale with multiple buyers and influencers, then you need to provide the type of detail that buyers require.
Landing pages, in particular, should highlight exactly what buyers need.
3. Hot leads go cold quickly, so nurture them
In most B-to-B sales, getting leads to your site is just the beginning.
You need to have an agreed system in place for ‘working’ your leads, and that begins with an opt-in from the prospects for regular email.
How are you going to keep in touch? Is there something of value that you can offer on an ongoing basis?
If the lead has to be passed to your technical people or to sales, then there needs to be an efficient way of doing this that you stick to every time.
4. Track all conversion points
What’s the conversion point that is usually most telling? Maybe it’s the completion of an online form by a prospect.
It’s important to know what this critical point is, but it’s also important to monitor the impact of your paid search campaign on all your sales metrics.
Only then can you be sure of the impact your investment is having.
5. Detail tells the story
Search Engine Marketing is very much a detail business. If you are going to do it effectively over time, you need to have the time to continually check it.
Maybe it’s identifying different ads that work, maybe it’s advertising on different days or at different times. Whatever the case, there are savings to be made if you can identify exactly what is going on.
For example, if you uncover that a certain ad is producing most of your response and that other ads are doing nothing, then you can improve your results significantly by dropping the ones that don’t work and putting all your budget into the one that does.
Consumer attitudes and a good cause
A 2009 global study reported last month in The Wise Marketer (www.thewisemarketer.com) has some interesting stats about consumer attitudes.
Surveying 6000 people in 10 countries, the study particularly looked at whether consumers will swap brands where a brand supports a good cause. Countries surveyed include USA, UK, France, Italy, Japan, China, India and Brazil.
Some of the most interesting results were:
> 67% of consumers say they would switch brands if another brand of similar quality supported a good cause.
> 83% of consumers are willing to change their consumption habits if it can help make the world a better place to live in.
> 70% said they would prefer to live in an 'eco-friendly house' rather than a 'big house'.
> 69% of consumers would rather use a brand that supports the livelihood of local producers than a designer brand.
> 71% think brands and companies spend too much on advertising and marketing and should put more into good causes.
> 64% would recommend a brand that supports a good cause, up from 52% in 2008.
> 64% expect all brands to support a good cause.
63% are looking toward brands and companies to make it easier for them to make a difference in the world.
Putting a value on email subscribers
Arthur Hughes is an American marketing guru who has been around for a long time. He’s been to Australia, and some readers of The Scoop may have been lucky enough to hear him.
Hughes wrote the book on database marketing many years ago, but since the rise of the internet and the new media, he has reinvented himself.
Today, Arthur Hughes is senior strategist for the email marketing services provider e-Dialog, which is based in the small town of Burlington, near Boston, in the state of Massachusetts.
At a recent presentation, Hughes put forward some thoughtful ideas on acquiring email subscribers, including the following.
1. The first step is to find out what your email subscribers are worth. Without knowing their value, you don’t know whether the effort to acquire more is worthwhile.
2. For putting a value on subscribers, there are four important metrics that you need to be specific about:
•The value of online and offline orders generated from email;
•The costs of your email program;
•Gross profit generated from email subscribers; and
•Individual subscriber lifetime value.
These numbers are fundamental before you proceed.
3. Once you’ve decided that getting new email subscribers benefits the business, then Arthur Hughes suggests you consider the following:
> Promote email registration prominently throughout your site, including the checkout page.
> Explain why consumers should subscribe. Is it for free shipping on their next order, for the chance to receive ‘thought-leader’ white papers, express checkout, or what?
> Send triggered, personalised welcome messages as soon as consumers sign up for your email program.
> Reward your employees for email addresses collected.
> Reward your subscribers. Offer subscribers incentives such as special prices for them only, discount coupons, premiums, white papers and continuing benefits such as free shipping.
> If appropriate, upgrade your point-of-sale system to capture email addresses.
> Use surveys to solicit email addresses. The surveys can be about any subject — e.g. politics, economics, products, etc. — and are a good way to get email addresses in return for survey results.
Changing your mood
Writers need to be aware of mood changes.
You need to alert the reader as soon as possible to any change in mood from the previous sentence. Words to use for changing the mood include: but, yet, however, nevertheless, still, instead, meanwhile.
Shareholders were obviously delighted to get the overall picture from the Chair, but when the CEO began to speak . . .
In this example, the mood obviously changed when the CEO began to speak, and the word that signals that mood change most clearly to the reader is ‘but’.
It’s much easier for readers to process a sentence if you start with ‘but’ when you are shifting direction. It is much harder if they must wait until the end of the sentence to realise that you have shifted.
Many of us were taught that no sentence should start with ‘but’. If that’s what you learned, then it’s time to unlearn it.
There is no stronger word at the start of a sentence when you want to change the mood.
28 September 2009
Agency briefs on the nose
If you want the best work you need the best agency, but even the best agency can’t deliver without a clear and detailed brief.
Yet it seems that many marketing departments don’t have a clue about briefs!
Well, that’s the conclusion coming out of a US survey reported recently in Advertising Age. The survey covered more than 250 senior US executives at a variety of top agencies.
The agency executives reported that at least 30% of staff time is ineffective or wasted due to poor communication from clients.
More than half of the survey respondents said fewer than 40% of client briefs give them a clear indication of what's expected.
Some 30% of agency respondents said only 1% to 10% of briefs provide clear performance expectations.
The survey results reflect an insight also gleaned from the experience of the person who commissioned the survey: Casey Jones, former VP-global marketing at Dell, who now runs a marketing consultancy called Jones & Bonevac that counts among its clients Microsoft and Walmart.
Mr. Jones said the study was prompted by observations from his time at Dell. "A lack of commitment to tight and coherent input to the agency was a major contributing factor to the struggles between Dell and the agency," he said.
There is obviously a real need for marketers to learn how to write a brief. But there’s even more to it than that. There’s the whole issue of clear thinking and a commitment to a strategic direction.
The survey highlighted a major problem about strategic thinking relating to the way briefs change along the way.
A massive 75% of agency respondents reported that client briefs go through an average of up to five significant revisions. This is AFTER the project is underway!
Maybe even more amazing, 8% said they've seen briefs go through upwards of 45 iterations.
Clearly, this is unforgivable. The marketing managers and directors responsible in these cases are obviously totally out of their depth. You have to feel sorry for the people working under them.
How to overcome writer's block
Giving it a name seems to legitimise it.
Well, here’s my take on writer’s block, and you can run with it or ignore it.
The first thing is to be very clear that it is not actually real. Writer’s block does not exist. I absolutely do not believe in it. Sometimes I am slow, yes. Sometimes getting thoughts on paper is tedious, yes. But writer’s block? No. There is no such thing.
When you’re at a roadblock and finding progress tough, you can dig yourself into a hole. And then things get worse. And any thoughts you have about not being able to progress, become a self-fulfilling prophecy.
To avoid all that, you have to take action. The action I take is to leave the keyboard and pull out a writing pad and pen. That simple change usually solves the problem and I return to the keyboard after a few minutes.
If it’s still not working, I leave my office and take a two minute break. The change of scenery normally does the trick. Finally, if all else fails, I take 15 minutes to walk around the block. And then I am right back into it.
Essentially, with all these tricks, what I am doing is changing things to give the mind a chance to refocus. Mostly, these simple techniques are not necessary. Few hold ups occur when you are solid about the key truth: that you don’t believe in writer’s block. Believe me. It does not exist.
Direct Response TV - why not Australia?
There are a few truths that marketers who embrace DRTV innately understand, but maybe many others still find elusive.
• People from every socio economic grouping watch DRTV. Children, business people, factory workers, the wealthy – they all watch sometimes. DRTV is not a demographic profile. It’s a successful sales channel that has specific benefits, just like other channels have their benefits.
• Direct response is a proven approach to brand building. Beautiful imagery or clever slogans are great and agencies love creating these, but when you build a brand what you really want is prospect acceptance. You want the people you are targeting to accept that your product or service can solve a problem for them.
• DRTV is all about sales. Of course, it fails sometimes with some products, but for the most part, DRTV sells. And if you do it properly you get a very rapid, measurable result. You are not left wondering. With reasonably limited budgets you can test it. In Australia, World Vision has used it very successfully.
• People like benefits. Sometimes brand advertising puts too much effort into being impactful or beautiful or politically correct. Direct response advertisers show the product and they show what it does. The benefits are demonstrated. People can see what they are getting and if it is right for them, they respond.
• Research is all very well. Obviously, professionally conducted research plays a vital role in marketing, but DRTV is all about actual sales. You know what focus groups are like. People can say anything. They can be influenced by others. But DRTV sells to individuals in the privacy of their homes. And actual sales don’t lie.