Archive for June, 2010

How to Dominate Your Market through TV and the Internet for $40 per Day: The Basics

Wednesday, June 9th, 2010

This series, oriented towards local businesses, will examine the use of paid local television programming and the internet in market domination. This article describes the fundamental process and the logic behind it.

A fundamental problem for small businesses and their advertising budgets is that they typically don’t set aside money for research and development. Small business owners can be short-sighted when it comes to R&D because they view it as the purview of large companies with corresponding high-dollar advertising resources. But big organizations don’t set aside funds for R&D because they have more money to spend; they invest in it because it works.

Small-business owners often approach advertising with the view that the advertising they buy, whether the selected venue is television, radio, the internet, billboard, or print, must pay off immediately in the form of increased revenue. They also tend to switch advertising methods frequently, spending two or three months on one campaign, then jumping to another without giving the first campaign the opportunity to max out. To optimize their advertising budgets, small businesses must follow the large-company paradigm.

Small businesses can dominate their markets using a combination of local paid programming and an optimized website for around $40 per day. Many business owners simply don’t understand the process. Here are the basics:

  • As with any specialty, you’ll need to hire a professional. Only the professionals at a television production company with years in the industry will have the connections to get your infomercial professionally produced and properly placed for a reasonable price. To use the process described here, hire a TV production company that can also optimize your website so the two elements can work in concert.
  • Accept that when a 30-second commercial comes on, 60% of television viewers will immediately click away. This is part of a learned process that occurs because the appearance of a set of television commercials is easy for viewers to predict and the existence of a remote control makes it easy for them to react. Thirty-second commercials do have their place; they are excellent vehicles for a short-term vertical push, such as a holiday sale or other special event.
  • Top-of-mind awareness in the world of television requires longevity. Viewers will watch part or all of a 30-minute infomercial because they’re interested in the program, whether they are in the market for the featured product or service or not. When they develop a desire or need for the product or service at any point in the future, the infomercial will have created top-of-mind awareness that pushes them toward a purchase from the company they “know” through the infomercial.
  • An optimized website is the second component of this process. In today’s business world, a website is just as important a tool as the telephone; a website that isn’t optimized is the equivalent to not having the phone hooked up. Business-owners who invest in a website without optimizing it will not get any traction from it, because the site will languish on the back pages of the internet, where no one will ever see it.

The next article in this series will offer details of how you can get started on this process right away and what to look for in a vendor.

Maximizing the Value of Google AdWords

Wednesday, June 2nd, 2010

 

Google is the dominant search engine on the internet, and Google’s AdWords program is the number one pay-per-click (PPC) program.  Unfortunately, though registration and set-up on AdWords is easy, seeing conversions (sales) from your PPC campaign may be more difficult.

 

If you’re new to AdWords or if you’ve been running an AdWords campaign for a while but just don’t see the value in it, keep in mind that it is not enough to have potential customers click through the ad to reach your website.  Customers who were merely curious about your ad but who are not in buy-mode or who are turned off by your website will simply “bounce” back to their search results.  Google AdWords will be satisfied with the transaction, since you paid for the click, but you will be frustrated, confused, and irritated with the advertising campaign for which you had such high hopes.

 

The complexity of Google AdWords is the reason that medium-to-large companies typically hire individuals who do nothing but deal with PPC marketing.  Though this often isn’t an option for small-businesses and start-ups, which are usually operating at small margins, there is an alternative – an off-site PPC specialist. 

 

What can a PPC specialist do that you can’t, or more to the point, that you don’t have time to accomplish?

  • Ensure your website is “search-engine friendly,” meaning that it is integrated with search engine metrics, and optimized on an ongoing basis by an expert in search engine optimization (SEO) 

§         Analyze HTML page design and structure

§         Create landing pages to maximize PPC campaign results

§         Insert tracking capability into major web pages to ensure proper analysis of Google AdWords campaign

§         Hand-submit website to major search engines

  • Select the keywords and keyword phrases that are best-suited to your website (not necessarily those that are widely applicable to your industry, and not necessarily even those you would select, but the keywords and keyword phrases your customers use)
  • Conduct detailed analyses of your online competition and apply the results of those analyses to your PPC campaign
  • Apply an AdWords skillset to your PPC campaign on a daily basis to maintain your results; stay up-to-date with changes in AdWords

§         Create and implement text ads for PPC campaign

§         Generate and interpret Google AdWords reports

§         Monitor campaign daily and make adjustments when supported by analytics

 

Some business owners and decision-makers decide that AdWords and other PPC programs are too much trouble and decide to forego them entirely.  This is shortsighted, because when a campaign is properly conducted, PPC brings new customers to you while you are occupied with other ways of generating revenue.  Pay-per-click is a low-cost, high-volume lead- and revenue-generating machine capable of instant, exciting results when the campaign is managed by a professional.