Showing posts with label Online Marketing. Show all posts
Showing posts with label Online Marketing. Show all posts

Tuesday, April 19, 2011

Is Online or Offline Marketing Better at Striking Customer’s Intent?

As a database marketer and a digital/data maven, I am thrilled with the minute level of detail in demographic, psychographic, behavioral, financial, et al data that we can gather and utilize in almost real time; thanks to advances in technology.
However, I am very likely to disagree with a statement made in an AdAge article by a product manager at stumbleupon.com . The statement went something like, “… direct response marketing on the internet accomplishes this (user intent) better than yellow page ads and classifieds ever could."
From an agency (seller) perspective, one might agree. But, from the “buyer” perspective it is simply not true. As a “buyer” in print, the customer had the choice to pick ad positioning, page, surrounding content, etc.  As an example, the furniture customer (ad buyer) could ensure that his/her ad was not on the same page as their competitor. This control is now NOT in the hands of the buyer, but the seller and the seller’s downstream in an online environment.
Because of this, I don’t think that you can make the argument that online banner ads or any other ad is not as interesting or engaging to a customer online as it would be in print or any other medium. The problem could be that the ad is not as engaging online because when the user searches for furniture online, the furniture store has little control on where the furniture seller’s ad will be placed. This is HUGE to the effect that ad will have and to the user intent and enjoyment of the ad.
For anyone reading this that is responsible for online marketing in a company where there is little understanding of “it”, you can relate. How many times do you find yourself justifying your budget for little results at the beginning of an ad? If you are in an environment where they don’t get online advertising, they don’t understand that you have little control over where your ad will be placed…..BUT…..YOU CAN BETTER YOUR ODDS if they will hang in there long enough and give you the budget to apply some good SEO tactics and make adjustments based upon your ad’s performance metrics. (Yes. For those of you questioning my thought process -- ;) --- there are metrics in poor performing ads that can help you in the future!)
To sum this up, I guess I am refuting that you can compare online and offline marketing at all. (This goes back to my blog on the lack of an understanding of “integrated” marketing” but I'll move on....) One reason you cannot is obvious:  You get different results with different campaigns and although there are “benchmarks” on expected results, you don’t know what your results will be which is why A/B testing is STILL A GOOD IDEA! (Whew! I got a lot off my chest there, huh?! LOL!) The other less obvious and perhaps more cloaked reason is that the buyer does not have the control in the online environment that he/she does have in an offline environment.
And this brings me full circle back to Integrated Marketing, Affiliate vs. PPC, Testing and more…. we will discuss each on another day!

Happy Marketing!
Mary

Thursday, December 16, 2010

One of the Top 5 Things You Should Seriously Consider Outsourcing

The “Make” or “Buy” decision has always been a tough one. Regardless of whether you are in a small to medium sized business or are part of Corporate America, there are goods and services that are better to outsource than others. One of the Top 5 that I always recommend is Social Media .
There are many words coined to describe various online activities but for the purpose of this article, I am using Social Media to include all of your online publishing events.  For heaven’s sake, just learning the acronyms associated with online business is a feat in and of itself for most people - SEO, SEM SMM, EM, SMOR, EZINE, FB, PRT, UGC, SROI – just to name a few!
But, why should you outsource this area of your business? For the most part, unless this is your business, there is so much to learn. It is also an area that is constantly changing and therefore, it can be immensely time consuming for the novice who doesn’t know the tricks of the trade.
 It is best to leave this one to the professionals. Surprisingly, this is also an area that is usually pretty easy to source and is generally reasonably priced. It is also an ideal fit as an outsourced item for agencies because it is readily available and can expand your services to your clients and then billed with a good margin. For those of you who are not an agency, it is a good area to outsource because, like tradeshows, if your competitors are in the space, then you need to be there too!
There is a trick to securing the right company or person to outsource to and there is an even larger and more important step in getting off on the right foot with your provider.( I liken this relationship to choosing an attorney or great CPA.) You must interview the person(s) who will be providing content for your online presence. It is even worth your while to pay for a consultation so that you can indoctrinate and train your provider on what you do, what sets you apart from your competition, why your product or services are important and who your target customer is.
Without intimately knowing the basics and intricacies of your business, your online presence can be botched in a very fast period of time and you will waste money and you will spend a lot of money to repair it. This is due in part to the speed of the viral world and also to the fact that there is no “big eraser” in the online community. It is very important that you are certain that your provider gets it right the first time.
Take the time, up front, to get referrals and communicate with your potential provider on several occasions before making a decision. It helps to have someone who has worked in your industry before, but I have also had success with starting fresh with providers who knew nothing about an industry. It gave me a chance to be their first look into my field and they did not come with preconceived notions of what I wanted or what would work in my industry.
Once you have chosen an outsourced partner, spend the time and money on training them to understand your business so that they can represent you in a favorable and lasting way.

December 22, 2010
Just read this article on viral marketing: http://adage.com/digitalnext/post?article_id=147753 . I think you will find it thought provocing as you design and deliver your viral marketing tactics. In my mind, it is further support for why you don't "do" viral marketing yourself, or delegate it to a staffer. It is best to hire a professional in this area :) Hope you enjoy the article as well as I did.