Archive for May, 2009

Grasping the value of permission marketing

Monday, May 25th, 2009

This is not an impossible scenario to imagine.  You place an ad in a specialist magazine read by a supposed 10,000 enthusiasts that could do with your product or service.  The ad cost you £500 + £200 in design, totaling £700.

Out of the 10,000 readers, it is a proven statistic that if you are really lucky and your ad really connects with the reader then 7% of the readers will remember your ad.  That means 700 have acknowledged the ad.  Out of those 700, 5% may follow the call to action and call you.  That is 35 possible enquires.  Remember this is just 35 phone calls; the customer still has yet to buy your product or service.

So what have you bought here?  You have bought the attention of 35 people for £700.  That’s £20 per person attention.  So the question then turns, how much would you pay to gain the permission of a potentially interested customer, get their email address and market to them multiple times? 

The moral of this tale is that having permission to market to a customer and having their email address or following on twitter/Facebook/Bebo is of massive value and a privilege worth many thousands of marketing pounds.

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Creating an online marketing strategy

Tuesday, May 19th, 2009

When doing any form of consulting, the first question I ask is “What’s your online marketing strategy?”   Other than the odd email campaign and perhaps some Pay Per Click advertising there is typically no plan.

Having a written plan is essential to measure success, if objectives for your website are being met and if you are getting a good return on investment.  The choices for your marketing time and budget are enormous, with options ranging from viral marketing, social media, online display or affiliate advertising to targeted permission email marketing.  The secret is not which tool you choose but which objectives the tool helps to fulfil.

By creating a 5-page web strategy and sharing it among your team, it is my experience that you are substantially more likely to get the results you need.  The 5 pages could look like this:

  1. Marketing Objectives (Build brand, increase opt-in consent, create sales, get people to attend events etc)
  2. Publishing Schedule illustrating actions such as publishing dates, responsibilities and deadlines.
  3. Engagement Policy – when a customer engages, who answers?  What are they allowed to say?  What types of comments require authorisation for a response?  What types of engagement do you ignore?
  4. Results Matrix is used to measure your efforts net affect.  For example, how many doors you opened, the number of new opt-in email addresses you received or the amount of people signing up for your event.
  5. Review Outcomes page is reserved to record the thoughts and changes in direction of the campaign as greater insight and experience is gained over time.   Comparing the actual outcomes with the published objectives often leads to a shift in objective and greater opportunities emerge.  There is no harm in this as long as the objectives are not being changed to match the results matrix.

The greatest advantage of an online marketing strategy compared with offline activity is that your plan can change much more quickly as your experiences change.  This is because you haven’t had to commit to heavy production costs.  So review your activities in accordance with your plan regularly and don’t be afraid to change it for the better.

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Your website is not your web presence

Tuesday, May 12th, 2009

In a movie called Field of Dreams an Iowa corn farmer, hearing voices, interprets them as a command to build a baseball diamond in his fields; he does, and the Chicago Black Sox came. 

Kevin Costner was lucky in the movie.  He didn’t do any marketing and yet the objective of filling a stadium full of people worked.   The unfortunate thing about a website is that unlike the Farmer’s baseball diamond, it is lost in obscurity and unable to fulfil its objective unless you market the fact that it exists.  

How we find websites is rarely due to off-line marketing efforts.  It is usually arrived at by way of links we find while researching, search results, forwarded recommendations and social media or as a call-to-action in our online marketing.

So when creating a website be aware “build it and they will come” – to quote the movie, only works for people with voices in their head. You need to build an online community.  That takes strategy.  Get the strategy right however and Chicago Black Sox will appear.

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