The
New Marketing Landscape
Many of us in the marketing services and/or agency
business are starting to see some real tangible
marketing patterns emerging that businesses need
to be aware of if they want to leverage their
marketing dollars in this "post .com implosion
economy."
Good Web Site Design increasingly More
Important
It's imperative for a company to have a quality
web site today - but many firms are still throwing
up web sites that are just poorly designed or
overly complex. Poor navigation (menus and overall
site structure) when coupled with low quality
graphics is really problematical (!) - online
visitors think less of your company as a result
which will hurt revenue in the long run. Many
think just doing a minimal job is sufficient but
they aren't factoring in how close your competition
is! On the web any potential customer is only
one click away from seeing a high quality web
site that is well designed and conveys a quality
image
A good rule of thumb when budgeting for a web
site is to assume you will pay approximately $250-300.
USD per page - this should include your graphics
design, content development, setting up registration
forms, etc. This may sound too expensive for many
companies but for better or worse perception is
reality in the online world! So, don't short change
yourself, put some resources into your web site
and be prepared to continue to do so - it's now
a vital component of any company's ongoing marketing
processes that needs constant upgrading like traditional
marcom (PR, print, etc.) materials.
Opt-in E-Mail Trending Down but still
Viable
Opt-in or permission based e-mail (meaning people
give you "permission" to market to them)
response rates for Business-to-Business and Business-to-Consumer
are dropping below where they were a year ago
by 30-50% on average. What's happening? The ever-increasing
deluge of Spam is negating the throughput (response
rates, purchases, etc.) of quality opt-in e-mail.
Opt-in e-mail is still a viable and excellent
way to market your company but expect less results,
lower costs/fees (more vendors equals more competition
which is good) and the need to repeat your campaigns
if you want to see tangible results. And don't
get dazzled by a design firm or your in house
marketing staff that wants to design a fancy HTML
e-mail message for you - 65-75% of the market
today still doesn't want fancy graphics, they
want a short message, delivered concisely with
short paragraphs in a text format. Less is more!
Performance Based Marketing on Upswing
Publishers and advertisers are more and more
willing to accept advertising which is "performance
based" and/or based on a "cost per click"
or even a revenue share basis. Meaning, it's not
like putting an ad in the USA Today and hoping
people respond to the publication - you can now
work with list brokers, online publishers and
marketing organizations to setup very targeted
campaigns that are based on your paying a small
cost for an actual response to your message via
an opt-in e-mail campaign, text link ad on a web
site and/or an insert in a newsletter.
Case in point, companies like Virtumundo, Inc.
(they are a pioneer in the performance based market)
are now willing to charge nothing upfront in many
cases for an advertising campaign and to just
do a revenue share with you on the back end; this
is typically 20-40% of your SRP, will vary depending
upon your goods and/or services. And, they will
do a test campaign prior to a full-bore campaign
to make sure that the response rates will be worth
their investment.
Another key benefit to any business that wants
to leverage the shifts occurring in performance-based
marketing is its inherent ability to be highly
targeted. You can tie a marketing process (campaign)
to web site, newsletter or pay per click search
engine (Overture and now via Google's Ad Words
Program) with specific demographics that are highly
qualified and targeted. Contrast this again with
the traditional print medium where you can target
to a certain extent; but not like performance-based
marketing. Consider an add again (for example)
in the sports section of the USA Today - it will
clearly deliver a sports enthusiast, but not a
male who plays tennis that lives in the Western
US, etc. And, better targeting will always deliver
better results, assuming all other issues are
on a level playing field.
Search Engine Marketing still a Mystery
to Many
I hate to say it but most of the web sites we
analyze still don't have the basic HTML fundamentals
(Title, Keywords, Description) in-place so their
sites can/will be indexed (reviewed by an automated
bot/software agent) properly. Their title is wrong
(don't repeat your company name), there are too
many keywords (you want 8-12) or the wrong keywords
and the description of the company is either poorly
written or reads like yet another "mission
statement" that has been developed by the
CEO/CFO and three Senior VPs. This is basic block
and tackling marketing and should be setup properly
when a web site is designed.
Be prepared to deploy some marketing resources
for quality Search Engine Marketing - it's fiercely
competitive for web site rankings; you've got
3-5K web sites coming online every single day
of the week and many are trying to drive market
awareness via S/Engine ranking. What's a rule
of thumb of what to pay for standard S/Engine
Marketing Services: i.e. Title/Description Development,
Keyword Analysis, Content Rewrites, etc.? Costs
can vary tremendously, depending on your market
segment, web site size, what type of services
you outsource, competitive issues, etc. Generally
expect to pay $3-6K for a basic 3-4 month campaign
and then some modest fee for ongoing maintenance
(say $200-500.per month). There are alternative
sophisticated S/Engine processes that cost much
more than this, but these are typically suited
for companies that have a good sized marketing
budget and or a large web site that necessitates
a different approach.
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Lee Traupel has 20 plus years of marketing experience.
He is the co-founder of a Northern California
and Brussels Belgium based, privately held, Marketing
Services and Software Company, Intelective Communications,
Inc., http://www.intelective.com. Intelective
focuses exclusively on providing services to small-to-medium-sized
companies that need strategic and tactical marketing
services. He can be reached at Lee@intelective.com.
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