While today’s entrepreneurs are fascinated with Eric Ries, Peter Thiel, Steve Blank and Seth Godin (and rightly so), I fear I’m too frequently referring to an unheard of an esteemed author from decades ago; as though the entreprneuers of today are happy being ignorant of the past and willingly doomed to repeat the mistakes of it. Peter Drucker, author of Innovation & Entrepreneurship, was writing about what makes companies successful before most of the authors of today were in place to make the successful companies of today, well, successful.
My reason for sharing that is simply conveyed in a few of his wise words:
“If you want something new, you have to stop doing something old.”
“There is nothing quite so useless as doing with great efficiency something that should not be done at all.”
“What gets measured gets improved.”
“Results are gained by exploiting opportunities, not by solving problems.”
“Management is doing things right. Leadership is doing the right things”
Begging a question… how does one know what’s right?
How do you as a founder know what’s old, useless, or an opportunity? How do you know what to improve without measuring?
I’ve shared in great detail, previously how startups set up Google Analytics. The platform with which to start, there is an adage I admire: if you’re not measuring, you’re not marketing and if you’re not marketing, you aren’t in business. But, once you have the measures in place, do you really know what questions to ask? What matters?
The Startup Marketing Metrics that Matter
Focus your attention first on one and only one. This metric alone speaks volumes about your performance, ability, and sophistication. When advising or consulting with a new startup, one of the first questions I ask of everyone with whom I meet/interview is, “what is your conversion rate?”
Conversion rate?!
How can one number be so significant and substantial? Particularly, at an early stage when it might not be accurate? What if we’re a Sales based organization or only convert offline?
The reason for the question, the reason you must have an answer, is that not having any idea shines a spotlight on your ignorance, priorities, and gaps. As a potential investor, employee, consultant, or advisor, answering to such a question, “we have no idea,” is a huge red flag. You may not know what it is, but answering that, “we’re trying to figure that out, can you help?” is a far better answer; conveying your commitment to metrics and performance, that metric, and the sophistication it takes to determine what it is not just for yourself but in your market.
Of the number of emails, coffees, meetings, RFPs, and registrations you receive: how many buy?
Why is conversion rate so telling? Marketing is the cornerstone of your intelligence; it’s not your lead gen, search engine marketing, SEO, email, nor growth strategy alone, unless you’re doing it wrong, it’s how you know what to build, when, why, how, and for whom. Marketing is the distinguishing characteristic of a business and as the cornerstone of a business is creating a customer – how well are you doing that? How well do you convert?
Your conversion rate indicates the quality of your brand, website, store, and product. It sheds light on your competitiveness, price point, and even SEO. Is it improving or falling? How does that compare to others in your space?
It’s not the be-all-end-all metric, but the simplest data point on which to focus, and data which tells so much about your business. If you don’t even have a clue what it is, why would an investor take a risk on you? So, before we get into the dashboard metrics and KPIs that are the purpose of this article, start here, learn how to set up Google Analytics and know how you convert.
Marketing Dashboard Metrics that Matter
Some time ago, so frustrated was I with the analysis PR firms provide about their impact that I took a stab at what you can and should expect from the PR agency with which you’re working (it’s become a rather popular article in spite of PR friends being a little miffed at me for demanding that they track and measure their impact). Simply, far more than audience and traffic, PR can and should be measuring impact: on interest, on demand, on conversion.
Thus, we’re talking about complicated questions not easily measured. How on earth do you go from Google Analytics (data) and the conversion rate to the metrics that matter, intelligence?
Work toward constantly monitoring and optimizing for the following:
Traffic. From where are people coming.
For which of that is paid and what is the ROI?
How much comes directly to us and the brand? This helps measure offline activity and awareness of the business as direct/brand volume must know about us. How? Track “Direct” traffic and brand keyword search traffic.
From what keywords is traffic coming? Organically vs Paid. What does that mean about the awareness of and interest in the business?
How much overall from Organic Search?
How much from Social Media as a result of OUR actions vs. others? – When we tweet vs. not
How much from email that we send?
How much from “referrals” (others – partners, bloggers, news articles)
Leads(not customers, but measuring interest by capturing those who might convert). Roughly, by way of the same breakdown as above so I won’t belabor.
Cost per Lead and Cost per Acquisition. Same breakdown as above.
Site Value. By way of establishing and accounting for the $$ value of leads, conversions, and engagement. Track what pages on your site are worth.
Engagement metrics.
Site Bounce rate (by page)
Site Page Speed (by page)
Employee application leads
Sales and HR response time
Conversion rate of lead to customer/hire
Client/customer leads (by vertical and by lead source – traffic source)
Response time
Conversion rate
Ratios
Traffic to Lead
Lead to Marketing Qualified Lead
MQL to Sales Qualified Lead
SQL to Quote
Quote to Closed
Social media reach and engagement.
Email performance.
Delivery rate
Unsubscribe rate
Open rate
Click through rate
Conversion rate
Forwards/Shares
Inbound Link Rate.
Landing Page Conversion Rate. How are specific, key pages converting? What are key pages?
Home page
Contact page
About page
Blog home
Blog posts (overall)
Features pages
Recruiting pages
Most importantly, appreciate that raw numbers are worthless. Truly. Hence the point in my article about PR Agency Accountability: knowing the audience for something is essentially worthless.
Data is really only valuable in the context of deltas (changes) and comparisons. Raw numbers are meaningless so account for and present them week over week, month over month, year over year AND/OR annotation (notes) indicating where changes were made that affect your business – Deltas. What are deltas?
Site redesign
Major blog posts
News coverage
Event participating
Speaking engagements
Email drops
Critical to intelligence in business is tracking the things that cause changes in your business metrics and monitoring the changes, as result of those iterations AND over time. Only then can you work to improve and optimize and only then do you have the credibility as a business owner or founder to convey to potential partners, customers, employees, contractors, investors, and advisors that you have any clue what you’re doing.
Thanks to the incredible startup program at Houston’s Rice University, I’ve had a chance to update a popular, but out of date, post about Startup Marketing. In the process, I had a chance to meet the exceptional entrepreneurs in this year’s Owlspark program. While not too dissimilar from that startup marketing post, this update touches a bit more on how to get a website built (inexpensively) and refreshes some tried and true techniques with new tools and web services.
Marketing for Startups
An important analogy for startups comes from these pictures and that old spot the difference game we played as kids. All too often, investor feedback that you must focus, goes misunderstood as young entrepreneurs interpret that to mean that you can’t be doing anything else. Not a terribly realistic way to start a business, all of us need some form of income, so appreciate that “focus” need not mean putting 100% into your new venture alone. Focus applies to how you work.
On the left we find a team of kids playing the game as we might expect of professionals. Each in their position, learning plays and moving the ball around the field. Like an experienced company, each player fills their role and rewarded for focusing on their responsibility: only the goalie can touch the ball.
The problem with doing things the way they seem to be done properly is that companies are methodical, practiced, and mature. Startups are not.
On the other hand, we see kids playing soccer as they usually do at this age; without experience, learning what works, swarming the ball to move it forward. They focus on their immediate objective as a team and work collaboratively to achieve their goal.
I want you to hold these images in your head as you continue to read and ask yourself, are you playing like the kids on the left? Should you be? Do you ALL know what you’re doing?
As you get started with marketing or growth hacking (which, frankly, is nothing more than what CMOs these days should be doing), appreciate that marketing is the practice of asking the right questions and executing work based on those answers; as a startup, you don’t have all the answers so your marketing is your means of validation as much as it is growth: working together to ensure you have a customer, a market, and a scalable business.
How do you validate your startup?
Fail, fail fast, fail frequently
Collaboration and focus create synergy
The results that matter are not the results that matter
Startups fail all the time. In my experience, those that fail, truly fail as the team moves on to other endeavors, fail to embody these core beliefs in their teams.
Fail, fail fast, fail frequently
Companies that chase success, reward what works while ignoring (or worse, punishing) what doesn’t, aren’t trying hard enough.
When you find a technique that works, put it in market and move on. Your competition is right behind you and they WILL discover the same opportunity. Keep trying new channels, new stories, new user experiences, new support services, etc. Never stop. And NEVER discourage the failures. In fact, reward them.
One of the most successful startup cultures with which I was involved spent every Friday morning as a company with everyone sharing what they had screwed up that week. The failures were applauded, jeered a bit, and ultimately the most significant failure was awarded. The companies that encourage their teams to try so hard they are more likely to fail than succeed, are the companies that find incredible opportunities. Most importantly, because they learn and fail fast.
Collaboration and focus create synergy
By way of an marketing based analogy to help appreciate this point, years ago, I shared the idea that our definition of search engine optimization as a marketing technique was doing a terrible disservice to everyone working online. SEO is really performance architecture and the most significant impact you can have is when your entire organization architects your website (and your business) for search.
This requires the singular focus of your entire business – not just your web designer, social media, your marketing director, customer support team, and business development executive but YOU, the business owner or founder – doing your part. We’re only going to touch briefly on SEO in this post (learn some more here if you’d like), my point is that you will be most successful when you engage an experienced marketing advisor, VP, or mentor to help drive the organization as a team; you will fail if you’re hoping to hire someone to do your marketing for you.
The results that matter are not the results that matter
A mouthful to say, I realize; think of it this way.
You are most likely reading this because you hope to grow with more customers; after all, the feedback from your early investors and advisors is to get more customers: more foot traffic, more sales, more downloads, etc. If that’s you’re sole focus, you need a young advertising or lead gen resource who can spin up an Adwords campaign for you and get you some customers; invariably, you’ll fail as a startup as you’re not doing marketing, that’s advertising and at the stage you’re at, you will be disappointed, they’ll run out of opportunity to grow the business, or your competition will do the same and more – and put you out of business.
What are you really trying to achieve? Marketers help you deliver that mission. Startups, generally, are looking to raise capital and gain market share.
Let’s stop now. If you are a mobile app developer simply looking for more downloads, a local business trying to understand how to get more paying clients, or even a business trying to learn customer acquisition, read no further; this isn’t for you. Bluntly, by my definition, you aren’t a startup and while sure, you are starting a business, I’m speaking to those who are disrupting markets, innovating industries, and changing lives. If you’re in business to make a difference, more than a living, read on; your results are different than merely acquiring customers. How do we succeed in that?
Foundation, Function, and Finesse
To help you do that, effective Marketing develops that process through a foundation, functional advertising and lead gen, and some finesse. Ask your team now if they’ve put this architecture in place for your organization and if they haven’t, seriously consider investing in more focus as such. Because this is how we really scale new ventures.
How We Scale Startups
Your Foundation
Your venture will fail to grow significantly without an investment in your foundation; the foundation upon which skyscrapers are built:
Website
Analytics
Technical SEO
Optimization
Lead capture and email
Frustrating for many business owners, looking for short term growth and immediate return, is that these efforts will not deliver that. And yet, without doing these, any marketer worth their salt will laugh in your face when you try to hire them if you aren’t willing to invest here and expecting your marketer to own these programs. Without this work, without this time and money spent, marketers you bring in to acquire customers will fail to make you a successful venture – you may acquire customers and build a nice lifestyle business, but you won’t scale into your market quickly and significantly enough to matter.
Website Theme Forest – $250 / month – $50-2000 investment
Here I’m undoubtedly going to piss off a bunch of website designers. Tough. In the same breath that I’m going to tell you NOT TO HIRE AN SEO AGENCY (or a social media consultant), I’m going to point out that you should have an incredibly well designed, gorgeous website, for about $300.
Build your website in WordPress. Stop, I know what you want to ask… what about Drupal or… Stop. WordPress is used by, I don’t know, something like 60% of the ENTIRE internet to power everything from blogs to eCommerce sites. It’s supported by millions of developers, designers, and entrepreneurs. At the time of my talk to Owlspark, there a was an announcement that 1 in 5 of the top 100 websites is built on WordPress. It’s largely free. Use WordPress.
If Google Ventures can run a site on WordPress, so can you. Start by spending an hour or two with Theme Forest. Pick a theme for about $50. Hire a WordPress developer who can design if you must but I can almost guarantee you don’t need them. There is a design for almost everything and you can pay thousands to get your own site designed exactly as you want it or you can pay hundreds to have something just as incredible, more likely more effective, and save your money. If you can’t figure it out, hire a local to launch it for you (but only if they can outline what they are going to do for you SEO, Social Media, Lead Gen, Analytics, etc. AND that they are going to turn over EVERYTHING to you – including hosting). If you need something more technical built, WordPress developers overseas are around $10 / hour – NO, don’t just hire them blindly as yes, the horror stories are usually true – find someone who works with them and hire them to benefit from that efficiency overseas (ask me).
How do you get a theme onto a functioning website? Stop trying to figure out Godaddy, HostGator, and the like. Sign up with WPEngine and they’ll take care of the backend.
Design is paramount! Good design increases your conversion rates, reduces bounce rates, improves word of mouth, and generally boosts the performance of your business but great designs likely already exist for what you’re doing. As part of your foundation, build a great website with a modest investment – No search engine marketing for you if your website sucks.
Analytics Google Analytics – $0 / month – $500 investment
Period. I know, you’ve heard about this incredible new intelligence tool and your CTO really wants to put in place the hottest analytics app. Bottom line: Google Analytics is free, it’s integrated with AdWords, it has A/B testing built in, and when set up properly, it is the most valuable technology on the market. There’s the catch, you have to use it. Not just your marketing team, EVERYONE has to understand it, demand of it, and use it. That investment, as such, is about what it takes to get someone who knows what they are doing to ensure you’ve set it up right.
Make sure you have Goal and Event tracking set up and valued. Spend some time enabling Remarketing. Enable Google Webmaster Tools. Use Segmentation – liberally! You can track the impact of even Word of Mouth in some incredible ways if you spend time with Segmentation. Understand funnels, reverse goal paths, and assisted conversion reports. Make sure you strategically develop your use of Campaign Tracking and don’t just throw up parameters that seem to make sense. Finally, set up Dashboards for EVERYONE in the organization and expect them to report out in your team meetings FROM those reports – make them use them and don’t waste your time with presentations and charts.
You know what, there’s a ton to know about Google Analytics so just last week I wrote this: Google Analytics for Startups.
Technical SEO Your Developers – Part of your culture – $2000 investment
What the heck is Technical SEO? Odds are, you’ve considered or even an “SEO Agency,” or been told copy, keyword optimization, and link building is what it takes. LIES. Report those people to the Better Business Bureau and do you part to help clean up the economy.
Getting your site effectively indexed by search engines starts with:
Great site architecture, an understanding of navigation and user experience
An appreciation of bounce rates and how to deal with them (hint: refer to my point about good design when working with your website)
Appreciating the significance of social media
Essentially, building a website that works and a website that works for your business has to be built and managed by your business. Hence getting started with WordPress. Presuming you’ve done that, install and completely set up this to take care of most of the technical SEO: WordPress SEO
Optimization Google Analytic’s Content Experiments – $0 / month – Part of your culture
Still not sold on Google Analytics over other intelligence tools? Optimization testing is part of the package.
A solid A/B testing platform that puts the responsibility of optimization in everyone’s hands. Test: messaging, buttons, calls to action, forms, colors, etc. NEVER stop testing. Have every department (who now has access to Google Analytics because they have a dashboard – right?) responsible for optimizing their part of the site from Business Development down to Customer Service. Still wondering why GA is so much more valuable? When doing this testing, Google Analytics has already built in source referral tracking, keywords referrals, visitor location, click stream, events, conversion goals, etc. You can optimize based on an endless number of variables and not just the sale.
How to get started? It’s in Google Analytics. Click on the left, Behavior and then Experiments. Follow the guided set up and you’re up and running!
Lead Capture and Email MailChimp – less than $100 / month – $500 per month
What I want you to start appreciating is that email leads and marketing are as much a source of market intelligence as they are communication tools.
Ensure that your site is designed and built to enable EVERY opportunity to capture an email address. Store every email address in your email marketing platform – no, you can’t email to all of them unless they opt-in – but you can capture and maintain them all. Segment your email database by location and context so you can effectively leverage those addresses in other ways. Certainly email those you can, twice a month at least. Make sure you test plain old text email from you personally vs. that marketing newsletter from a generic email address – you’ll be surprised how much more effective that personal note is than advertising via email. Now, the first source of intelligence about those email addresses (all of them), check out Fliptop (MailChimp has it built in) – Fliptop will give you a social profile of everyone they can – where they live, name, their social network profiles, etc. While you can’t email, you can learn about and connect with everyone.
How do you capture those addresses? Set up Gravity Forms in WordPress to power all of your forms, registration, commerce, etc. and link it to your MailChimp account.
Functional Marketing
With that foundation in place, we can get to the programs for which most business owners try to hire. Don’t misunderstand that we (marketers, sales, and business development professionals) know you really only want to pay for more customers so let me characterize the importance of that foundation this way: You can spend $5 to acquire a new customer; say, through search engine marketing, OR, you can spend the same $5 to acquire 3 new customers, 2 new partners, 10 email addresses for various reasons, and understand how you influenced other search behavior and acquired a few more leads through your organic search results.
Unless your entire organization is rigorous about time and energy invested in that foundation, you aren’t doing enough to ensure your functional marketing programs will work.
How then do you fail if you’re getting positive results? Because your competition is doing the same thing.
We’re growing 20% year over year. What can you do for us?
What if we can’t afford what our competition is bidding on keywords?
If you can’t prove to me that your foundation is humming like a well oiled machine and 20% is all you can get, that growth is failing to keep up. If your competition can afford more, you’re doing something wrong. What? We need that foundation to find out.
Functional marketing starts with:
Search Engine Marketing
Social Advertising
Marketing Automation
Lead Marketing
Search Engine Marketing Google AdWords – Usually $1000 / month ($2000 with help) – Performance based investment
Remember why I said you should only use Google Analytics?… Okay, I won’t go there again.
Start Search Marketing simply: your brand terms and product names.
But wait Paul! I’m not paying for for clicks on my own name!
You’re a startup. Let’s make sure we capture everyone interested in you, your brand, your co-founder, your product name, etc. Start simply to learn about SEM by ensuring that when a potential angel investor looks for that hair-brained idea he heard something about, you show up.
Ultimately, we’re starting here so you can build a foundation to your program so that it performs well – effective search marketing is about contextual relevance between the keywords, ads, ad groups, and campaigns that you are running. We’re starting with your own brand terms so you can appreciate how that works – you don’t run ad copy promoting Product A on a key word for Product B.
Next, work into category and industry terms by adding new campaigns and ad groups as needed to keep that context as relevant as possible. When I was at HP, we had hundreds of campaigns and ad groups; if you think a word or ad should have it’s own group, it should. Next, ALWAYS BE OPTIMIZING. Never stop removing bad ad copy and trying new (remember, your site is doing the same so you are constantly improving performance).
Lastly, appreciate the indirect benefits of Search Engine Marketing as much as a conversion – if you are investing in future bids only based on a sale – you will fail. SEM increases the performance of organic search, it drives awareness, it prevents competition, it helps partners find you, it helps customers solve problems. AND the search data itself (keyword search volume, trends, click behavior and patters), is invaluable.
Social Adversiting LinkedIn, Twitter, & Facebook – Performance based cost – $1000 investment
The best way to comprehend why/how I can say that Advertising isn’t Marketing to understand what’s going on in Social Networks. Social Marketing is NOT Social Advertising and advertising in social is not the same as search engine marketing. Quick definitions:
Social Network: the site on which you have a social profile (e.g. Faceb00k)
Social Media: the aggregate of social sites and activities (e.g. LinkedIn and your tweets comprise social media)
Social Marketing: the act of marketing (promoting your business AND learning) by way of a Social Network and throughout Social Media
Social Advertising: buying ads on Social Networks.
What we’re talking about doing here is paying to promote what you’re doing. Advertising. Why is that so distinct from SEM? Search Marketing reaches an audience searching for something related to you with an intent to act. It’s more efficient and you can learn from those volumes, trends, and intentions. Social Advertising is not remotely the same and just because both are CPC (Cost per click) based, doesn’t mean they are alike in any way.
What are we trying to do here? Reach our highly targeted audience. You want to reach ONLY Customer Service VPs in Michigan? Done. Make sure though that you use each Network as that network is ideally situated. That is, on each of the major three, consider using them as such:
Twitter: Always @ someone to get their attention. Auto-tweet your blog to streamline your use of twitter
Facebook: Viral marketing works here, find reasons people will Like, Comment, and Share your content
LinkedIn: Target very precisely based on individuals’ professional responsibility
Marketing Automation ORBTR – At least $500 / month – Variable investment
Marketing Automation is about tracking all known individuals as they interact with your site. This allows you to do a few things like scoring email addresses for your Sales or Business Development teams so they know where to prioritize their time, automatically emailing people based on what they do, or automating some customer support efforts.
Automatically emailing?? I thought we couldn’t email people who haven’t given us permission, right?? Right. As a company. Individuals do it all the time. Use Marketing Automation to send a personal email from you (or your Sales person) to them to set up a call. But from where do you get the email addresses so that you “know” these people? – Marketing Automation isn’t nearly as valuable if you don’t have the email addresses with which to identify people (though it can still be helpful in identifying traffic from companies – based on IP addresses). Recall our foundation? You are capturing EVERYONE in every way you can and putting them here. Now ask yourself (or me), how might you get your hands on more email addresses?
Lead Marketing Data.com – $300 for a few thousand names – $1500 investment
Build your list of contacts.
While you can’t email folks, you can do quite a few things with the list.
1. Sending post cards and sales or flyers with deals is about as archaic a waste of money as there can be but send a personal thank you or invitation and you have the highest open rate (to use the email marketing term) you can imagine. Work with a print designer who can manufacture such letters, notes, and invitations in bulk (not design them, print them), and make sure they are personalized. Your investment is in that print work and to acquire target contacts and addresses via a platform like Data.com
2. Call them
3. Manage that list in MailChimp with your Fliptop account plugged in to get social profiles about all of your contacts. Who are they on Twitter, Facebook, and LinkedIn?
The Finesse
Hopefully you’ve grasped that your foundation is a bit of a fixed investment and a shift in your culture. Your functional marketing consists of programs, largely performance based, that can often be outsourced but are usually better served by hiring someone with experience. Now it’s time for the finesse and I want you to go into these ideas constantly considering where and how domain expertise really pays off – because while expertise is invaluable here, this is work best done in-house.
Marketing SEO & Content
Public Relations
Social Marketing
Lead Management
Marketing SEO & Content Raven – $500 / month – $1500 investment
You and your business need to think like your audience: Google does. That’s the big secret in SEO. All that science, that algorithm, those ranks, the optimization…. it’s all about creating a technology that thinks as much like a person as possible. Weeding out the junk and promoting the right stuff. You don’t need to understand much more than that.
Take a look at your website, assuming you handled your Technical SEO properly your URLs (addresses), navigation, links, and calls to action should all make sense to you. You should be able to look at the address of a webpage and know exactly what it’s about. Think like your audience. If you haven’t yet accomplished that, get started.
Marketing SEO is really about intelligence. Track every imaginable keyword related to your business. Not just product, brand, industry, and category names but track your partners’, competitors’, sponsors’, and employees’. Track them all through an analytics tool that gives you insight to the demand for those terms, how you perform, where you appear, and the trends and changes in those words.
With that data in place, create pages, static pages (not “landing pages”) for key concepts, locations, products, and services in which you have opportunity. Develop relationships with bloggers in your industry and work with them to tell unique stories about those themes (consider starting with those affiliates we’ve nurtured). Ultimately, think like a person; don’t write optimized headlines or try to game how this works – Google is trying to provide results like a person so you will reap the greatest reward if you simply write for that audience.
Public Relations DIY – $500 / month – $2500 investment
Note, this is really important, Public Relations or PR, does not refer to press. In the same sense that Marketing is not JUST advertising for sales, press is but a small part of the finesse of public relations. That said, starting with the press, deal with them directly. Put a reminder on your calendar to call key, local and industry reporters once a month.
The press covers things that are top of mind; your press release, your sudden need for coverage, your desire for a story does not put you top of mind – your relationship with the press does. What does the press cover? Notable business news (not your latest product or feature release but stories of growth, significant hires, fund raising, etc.) or industry stories in which you could be featured as an interview or source of information (HARO is a great place to start). Ever wonder where those industry interest pieces come from?? It starts with you.
With that in mind, keep in mind that Bloggers are often more valuable than press. Bloggers, generally, better understand SEO, social media, and they take the time to link to and promote you; press all too often doesn’t. While the press might have greater reach, a well placed blog post will often yield greater indirect impact.
Now, a word about “PUBLIC” relations. Your strategy here needs to most appreciate that second core tenet: Collaboration and focus create synergy. Everyone in your company is dealing with the public so don’t leave this stuff to an agency or marketing department. Is your Business Development team sharing your story? Does Customer Support report reactions and enable social media conversations? Are YOU blogging on your own site and supporting your business through you Facebook account? Is Sales speaking your language or simply doing whatever it takes to close a sale? Yes, you might want to hire an agency, but realize that you are hiring their ability to craft and tell a story – NOT their ability to write and publish a press release, their connections in the industry, or the change they can make on how your organization deals with the public: that needs to happen from within.
Social Marketing DIY – $500 / month & $75 per post – $1000 investment
Are you one of those businesses or business owners who has tried blogging and think it’s a waste of time? Go home, you’re going to fail. Social marketing is about telling stories and it STARTS with a blog.
If you are trying Facebook or investing in Tweets without first sharing or telling those stories on your blog, you are wasting an opportunity. Remember the point that Google thinks like a person? What do people do these days? They validate things through their friends (Facebook and Twitter), then they turn to content to confirm, learn more, or engage an idea, and that influences their decisions. Google does the same. Without a blog, that content isn’t YOU.
If you think a blog, or Facebook, or Twitter, is going to get your customers, go home, you’re going to fail. Not directly anyway. You are in social media to establish yourself in your industry, create awareness, and generate excitement for what you’re doing. Stop trying to tweet your latest deal, share your new product, or blog about your holiday sale – no one cares. Blog about innovations in your industry, potential partners, business news, and exciting developments so that you can capture Google and the audience that’s looking for that insight. You want to be the brand delivering that information. THEN share it with your fans on Facebook and Twitter, remember to @ all of the parties involved in the story so you get their attention, and appreciate that your fans are the individuals most likely to spread such stories on your behalf – they aren’t likely to tell all their friends about your latest sale. In many respects, think of social media as business development more than marketing as the ability it has to develop your reputation and create awareness with other businesses is tremendous – far more valuable than trying to sell something therein.
Lean Management Nimble & Pipedrive – $50 / month – $500 investment You’ve captured everyone and are automatically communicating with them, how do manage all of that value?? It takes some finesse and the collaboration of a CRM (Nimble) with a deal flow management platform (Pipedrive). We’re going to push your contacts into these tools and let them simplify your life by automatically maintaining your contact list, tracking your contacts’ use of social media, and giving your organization transparency to where those contacts are in your pipeline.
Now you have intelligence about user engagement with your business and you can start identifying, efficiently, why they don’t buy, what they’d like changed, budget constraints, customer service issues, and more, all while staying connected with everyone by way of their preferred social networks. This is the icing on the cake, the way in which we put everything together to make your business really hum.
Still with me? I’m impressed, I do hope, in particular, that you’ll share some thoughts in the comments below; tell me I’m wrong, share your experiences, suggest a better tool, criticize one that I’ve favored. Heck, the pace of innovation means that my suggestions from months ago are already out of date so how long will it be before we have better solutions available to us now?
You should now have a marketing strategy that is easily visualized like the pyramid on the right. Start with the foundation, build with some functional programs, and top it off with some finesse.
And yet, that pyramid actually works more like the one to the left.
The left represents the impact each of those efforts will now have. Without your foundation, without the functional programs, a story in the media or a blog tweeting stories will fall flat. Without the foundation, your work on a search marketing campaign will yield misleadingly positive results at best and missed opportunity at least. With this pyramid approach to your marketing strategy, your finesse will blow away the competition as they continue to struggle with sales and lead gen alone. If I can help you accomplish this, let me know.
What do I mean by that? I’ve been in Austin three years now and the amount of time I spend advising startups why their desire to hire an SEO is misplaced, is astonishing. To this day, I’m introduced in social settings here as an SEO, clients refer to me as their SEO, and the topic of ‘how to do SEO’ is a frequent question posed by entrepreneurs. There is still a prevalent belief here that SEO is a distinct thing that you can do which will results in such great success that you might bet your business on it.
I spent 12 years in Silicon Valley and the last time SEO was so prominent was in 2005, when SEO still was such a thing.
Wait… SEO isn’t a thing? Well of course it is but there’s a big difference between thinking of it as a philosophical approach to building and growing businesses with an online presence, and believing that it is a marketing channel with which you can hire a consultant or agency to do SEO for you. As you head into 2104, here’s the one thing you need to know about SEO.
It’s all about Search Marketing Integration
Years ago, I started to use the analogy of a library in explaining search optimization to business owners and traditional marketers. Simply put, in order to find a book in a library, far more than the keywords on the cover and within the pages, and the popularity of the book, matter. The library has to be open, it has to be intuitively organized, a card catalog or online index needs to point readers to the right section, author information has to be as well cataloged as the title and nature of the book, the book is more likely to be selected if the cover is intact and looks good. I think you get the idea.
As the years passed, the idea held true, and really, point of fact, evolved to apply more broadly, as the emergence of the ideas inherent in “growth hacking” helped validate that how search (which is a channel: Search, which is comprised of paid search placement, for which we do search engine marketing, and organic search results, for which we endeavor to here) performs for a business depends on how it’s considered throughout every level of your business. I’ve referred to this in the past in the context of how search needs to be integrated with the foundation of your business, the functional programs, and the finesse involved in creating a brand, culture, passion, and PR related to you, your business, and your story.
The most significant idea of 2013, the one thing you need to think about when considering SEO, is this; that of “layering,” a term coined by Rand Fishkin, CEO of moz.
The Team Involved in SEO
Joe Knapp, founder of SEO Plan Now, put together this simple visual representation of the optimal team affiliated with your website. Take a moment to look at it closely, it helps understand the idea behind layering. Joe posits that these are all of the distinct skill sets involved in an effective website.
Management (all of them? Yep, look at how broad that box is). Your strategic planners (executives? Business development?). Research and Analytics. PPC (your paid search engine marketing resource). Editorial and content skills (branding, messaging, PR, Sales). Conversion rate optimization (web developers, marketing, customer service, Sales). Link bait (frankly, I hate this term as it implies that you should be gaming Google and people by fishing for links and social validation but the principle behind the idea is this: quality website, good business, great content)… the point being, everyone is involved in the optimal website team. How can any consultant or third party agency DO SEO??
A few of the things that Ruth Burr, Inbound Marketing Lead at Moz, clarified in explaining why Google Analytics has replaced referring keyword data with “(not provided),” is that, “as long as search engines drive traffic to websites, marketers should be thinking about how to get the best audience and the most sales from that traffic. The optimal traffic from search engines, if you will.” She goes on to explain why this is a critical way of thinking in pointing out that increasingly, optimization for search engines means moving AWAY from keywords, building “topical authority” (or as I tend to put it, valid credibility), building your brand, and winning at fundamentals.
Am I painting a picture yet? Where and how you rank as a business is increasingly, and ONLY, a result of doing good business and good marketing. Yes, you can hire (and probably should hire) consultants, and certainly in-house resources, to help you understand how to do that, but it isn’t alone SEO.
So we should be Layering… which is what exactly?
While I’ve characterized this “search marketing integration” as something pervasive throughout your organization, Fishkin suggests, in an Entrepreneur chat with Brad Miller, Director of Business Development at Fathom, ‘rather than looking it as something distinct and isolated from your other business and marketing initiatives, you “need to add SEO as an important review layer on top of all of those other things.”‘
Look at that graphic, is search a part of the discussion in every facet of your business? Forget your next Monday Morning Management Meeting… is your event marketing team considering search in their development of the strategy and plan for the next trade show?? Every layer.
Brad goes on to share that to be successful in search requires collaboration. A favorite topic of mine! To be effective in your business requires focus on interaction, persuasion, organization, and implementation.
Interaction: Your marketing team has to be interacting with everyone in the organization, including the CFO’s team
Persuasion: Only with interaction can you identify the right opportunities; opportunities which then require influential persuasion to inspire everyone to work together to achieve your goals. Consider here that capable persuasion often comes from experience and usually requires intelligence (data, validation, etc.). We’re not debating here, we’re marketing.
Organization: That persuasion is all for naught if your business hasn’t mastered cross-department collaboration. Please don’t tell me you leave your Sales organization in a silo to make cold calls without a CRM, marketing automation, website conversion optimization, consistent messaging, etc. Especially so, don’t tell me that you expect something like Content Marketing too lives in a silo without input from Sales and BD, support from the Customer Service team in promoting the content to customers, related public and media engagement, social marketing, market research, etc. Optimizing for keywords and links is a dead endeavor (or at the very least it’s on its dying breath), your business needs to be working collaboratively to rank well.
Implementation: Now consider all of the ways in which such work might be implemented: web design, press, site changes, conversion funnel optimization, email marketing, paid search marketing from which you can derive intelligence and maximize your search real estate, market research… we can go on and on, the point should be clear now, SEO is not mere content, meta data optimization, and link building.
It’s Search Engine Optimization, not SEO
To truly understand what your organization needs to be doing, it might be simple enough to merely look at the words that comprise the very idea of SEO. Think about what each of these things embodies and implies.
Search
Search is a big data technology. The world is in love with that trend and term these days so let’s think about what it means. What does it take to pull off what a search technology accomplishes? Massive amounts of data, meta data, tables, trends, and algorithms to parse the data in various ways so it can be digested in countless slices depending on the intent and goal of the user interacting with the engine. Your job as a business is to ensure that data is rich, accessible, accurate, distinct, and valuable. A specific keyword? Certainly not! Unless you intend to try and screw with Google to favor one word that matters to you at the expense of all the others.
Why? It’s “search!” Your business needs to be present for every conceivable, related query. For your business to be successful, customers should find it no matter what, where, or how they are searching. You can’t optimize for a term, you have to optimize for searchers.
Engine
The technology that enables individuals to find you is truly an engine. Four truths about engines: They require 1. components that work together (collaboration) 2. lubrication (quality business, popularity, and traction) 3. maintenance (when your site goes down, pages are deleted, reviews about your business are bad) and 4. they are always running: Unless your business is turned off, the engine is always work, in the real-time of what’s hot right now.
Optimization
Over time, engines fall behind as other innovations replace the efficiency with which they work and the power they produce. From the old steam engine to the warp drive, just as engines fall behind if not optimized, so too does your business. This is the most challenging and pervasive truth that businesses have to embrace. The tools you are using to be efficient and productive today will be replaced by something better tomorrow. The technology on which your site was built yesterday is faster and lighter today. Organizations of today can’t think of A/B or multivariate testing as an opportunity or something to do, but the thing to constantly be doing, throughout landing pages, email newsletters, calls to action, scripts used by Sales, product features, support processes, messaging, and more.
Always be optimizing, not in the sense of picking keywords and endeavoring to rank well but constantly improving every facet of your business because search engines are looking to promote prominently not the site that picks the right terms and has an advantage of being good at getting links or likes, but the best business. And tomorrow, there will be another best if you don’t keep up.
That’s SEO. Where do you start?
Hire advice and experience; here are the questions to ask a search marketing professional. Work from within. The question I’m always asked after I reply that hiring an SEO is a bad idea, is how an organization does it right then when they don’t know how and can’t afford an entire team that does.
If we could overly simplify this idea of layering, we might say that it’s one part technical and one part marketing. There is a reason why one of the most significant human resource discussions of the decade is the changing roles of the CTO, CMO, and CEO. Where once we required developers to build websites, today it’s usually done by marketers. Where once CEOs managed companies, now they are expected to know the entirety of their industry, organization, and business, in real time. Large organizations, economists, and advisors are constantly pointing out that the CEO’s of the future are likely the CMOs of today. Why?
At the heart of layering the philosophies born of SEO throughout your organization, is intelligence and persuasion. Marketing, no?
When you can’t afford that, have a roster of experienced individuals advising your every direction. Don’t figure it out for yourself when countless others have come before you, solved the problems, made the mistakes, and know your industry and business.
Start simply with an audit; therein the SEO consultant of old comes in handy: what’s broken and what can we do better? That audit, simplified as well instead of thinking about it across all layers of the organization, comes in two flavors – technical and marketing.
The technical audit you’re seeking should outline what’s wrong with the site and what needs to be fixed. What type and talent you need in designers and developers to really build, optimize, and run your website properly.
Your marketing audit is just that, in the broadest sense: your web analytics, industry/market research, customer input, site optimization, PR, social marketing, customer service, sales’ processes, marketing automation, etc. ALL of those things affect the success of your business and the impression, therefore, that an engine like Google has of it.
“SEO” isn’t distinct anymore as Google has been trying desperately to level the playing field for businesses by ensuring that one site can’t “out-optimize” another, and rank better, simply because it knows how to play the game. To do that they’ve focused on the fundamentals: good technology (which you want to have audited so you know what you’re doing, why, and how so you don’t screw it up in the future) and good old-fashioned marketing (well, new-fashioned marketing, but hopefully you get my meaning).
Once you know how to do that, start layering it throughout your organization and go back to work being the best.
Last week, the Cospace brand evolved to focus on serving entrepreneurs and professionals throughout the world as our web service continues to aggregate and promote work spaces; providing economic and real estate intelligence. In July 2012, we launched https://cospace.co to index and promote every work environment; connecting skilled professionals with the right place to work.
As part of the announcement, BlindOx, LLC, which owned and operated the Cospace coworking space, announced the closure of the space and the end to one of Austin’s original and most iconic coworking brands.
I am very proud of the positive impact Cospace coworking has had in the startup community.”, said Kirtus Dixon, Managing Partner of BlindOx LLC, owner/operator of the Cospace coworking space. “I will be eternally grateful for all of our customers and colleagues, some of who gave of themselves without any expectation of return. It’s been a great run.”
In the past few months, the new, virtual Cospace has grown to serve over 1,000 spaces throughout the United States and is connecting nearly 100,000 professionals, each month, with the ideal work space.
The tangible significance of coworking is that people working in a shared environment, collaborate. Getting out of the home, and into such a work space, fosters business development, job placement, partnerships, and new ideas. The key to economic development is in helping people with skills find the space in which their talent has the most demand. Cospace.co is focused on matching what you do and what you want to do, with the environment in which you are most likely to meet others with whom you can succeed.
Space owners, operators, and investors are encouraged to list their space with Cospace and leverage the extensive community of entrepreneurs seeking the right work environment.
Not long ago, I had the distinct pleasure of joining an incredible group of Austin entrepreneurs through AUSOME (Austin Online Marketing for Entrepreneurs) for a discussion of the Art of Startup Marketing. Thanks to David Vogelpohl, founder of Marketing Clique and Tapfire Mobile, I finally took a few minutes to put pen to powerpoint to outline the model I’ve used to help launch startups such as Zvents, Outright, Fliptop, and others in Silicon Valley and now, here in Austin, Cospace, NOOM, SwimTopia, and SocialGood.TV.
Of course, a good presentation is only good when presented so while you can review the slides here (or at the end of this post), we wrapped up that evening concluding that an article on the subject would be most helpful. Finally, I’m getting around to that post.
The Art of Startup Marketing
As a father of three kids under 8, I can’t help but start with an analogy from my own recent experience. I love playing simple games with my kids, those games that make them think, help us work together, and foster some creativity. One such game is that one that’s been around for ages: Spot the Difference.
Not much of a challenge in this case is it?
The challenge is in identifying what this has to do with marketing or growth hacking (growth hacking an almost more accurate term for what it is that we/I do: focus on scalable growth by manipulating and measuring each aspect of the customer funnel); particularly scaling early stage businesses or small businesses in which resources aren’t readily available.
On the left we find a team of kids who appear to be playing the game as we’d prefer. Each in their position, learning plays and moving the ball around the field. I liken this image to that of a corporate organization; each plays their role and individuals are scolded for going beyond their responsibilities: only the goalie can touch the ball, only the forwards can play downfield (or is it upfield?).
The problem with doing things the way they seem to be done effectively is that companies are established, experienced soccer teams are just that – experienced. On the right, we see what usually happens at this age. Young kids, those without experience, those still learning what works, swarm the ball. They focus on their near objective AS A TEAM and work together to achieve their goal.
The funny thing to experience as a parent is how frustrated coaches (CEOs?) and some parents (management?) gets when kids fail to play like we see on the left. Too bad, the kids have more fun and are generally more productive (at this age) by playing as you see on the right.
I want you to hold these images in your head as you continue to read and ask yourself, are you playing like the kids on the left? Should you be? Do you ALL know what you’re doing?
Words To Live By
Fail, fail fast, fail frequently
Collaboration and focus create synergy
The results that matter are not the results that matter
In some respects, I’m an investor. While I launch startups, working with them to scale, develop partners and business, find customers, and raise capital, I am putting my own resources on the line for your business. I’m investing in you and your idea. Why? The adage that it’s possible to sell refrigerators to Eskimos really isn’t true – some ideas, some entrepreneurs, some teams, some models, and some cultures are doomed to fail. Venture Capital investors haven’t figured out how to avoid those companies, and neither have I, but I have found some tried and true philosophies I expect business owners to live by; essentially, if you don’t live and breath these 3 tenets, you will fail. These techniques, my help, the most brilliant PR agency in the world, the brightest CTO, won’t be able to save you. You know the companies I’m talking about… you’ve heard about some incredible new app, an amazing new technology that’s going to revolutionize the world, only to find it disappear months later. Startups fail all the time. In my experience, those that fail, fail to embody these core beliefs in their teams.
Fail, fail fast, fail frequently
I’m going to try to be brief so we can get to the meat of the method (ha! if you know me, I can hear you laughing). Companies that chase success, reward what works while ignoring (or worse, punishing) what doesn’t, aren’t trying hard enough. If you find a technique that works, put it in market and move on. Your competition is right behind you and they WILL discover the same opportunity. Keep trying new channels, new stories, new user experiences, new support services, etc. Never stop. And NEVER discourage the failures. In fact, reward them. One of the most successful startup cultures with which I was involved spent every Friday morning as a company with everyone sharing what they had screwed up that week. The failures were applauded, jeered a bit, and ultimately the most significant failure was awarded. The companies that encourage their teams to try so hard they are more likely to fail than succeed, are the companies that find incredible opportunities. Most importantly, because they learn and fail fast.
Collaboration and focus create synergy
Many years ago, I shared the idea that our definition of search engine optimization as a marketing technique was doing a terrible disservice to everyone working online. Rather, SEO is really performance architecture as the most significant impact you can have is when your entire organization architects your website (and your business) for search. This requires the singular focus of your entire business – not just your web designer, social media contractor (you don’t really have one of those do you??), your marketing director, customer support team, and business development executive but YOU, the business owner or founder – doing your part. We’re not going to get into my thoughts on SEO here (we will a bit here), my point is that you will be most successful when you hire a marketing expert to help drive the organization as a team; you will fail if you hire someone because they claim (or you hope) they can do everything for you.
The results that matter are not the results that matter
This is where I hope to really throw you off. You are probably looking to hire a marketing professional to get you more customers: more foot traffic, more sales, more downloads, etc. Whatever your business goal, you need a young, motivated, advertising or lead gen resource – NOT Marketing. They’ll capably get your more customers, as any of us in Marketing can, and ultimately, you will fail. You will be disappointed, they’ll run out of opportunity to grow the business, or your competition will do the same and more – and put you out of business. I hate it when I can’t explain something better than Wikipedia but it is what it is:
Marketing, significantly scaling your business, is the process of communicating the value of a product or service to customers. Marketing might sometimes be interpreted as the art of selling products, but selling is only a small fraction of marketing. As the term “Marketing” may replace “Advertising” it is the overall strategy and function of promoting a product or service to the customer. The American Marketing Association defines marketing as “the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.”
In short, what are you really trying to achieve? Marketers help you deliver your mission. Startups are looking to raise capital not (just) acquire customers. Mobile apps are looking for downloads but WHY? Small to medium businesses are usually looking to grow to the next stage or explore opportunities to sell the business. Local restaurants are probably looking to stay in business 😉 Until you appreciate that the job of your marketing team is to help you accomplish those goals and not just sell more, you will fail.
Foundation, Function, and Finesse
To help you do that, effective Marketing develops that process through a foundation, functional advertising and lead gen, and some finesse. Ask your team now if they’ve put this architecture in place for your organization and if they haven’t, seriously consider investing in more focus as such. Because this is how we really scale new ventures.
How We Scale Startups
Your Foundation
A house doesn’t stand without one, a skyscraper can’t be built without the ground work to dig one, and your business will fail to grow significantly without an investment in your foundation. At the very least, your foundation includes:
Analytics
Design
Technical SEO
Optimization
Lead capture and email
Frustrating for many business owners looking for short term growth and immediate return is that these efforts will not deliver that. And yet, without doing these, any marketer worth their salt will laugh in your face when you try to hire them if you aren’t willing to invest here and expecting your marketer to own these programs.
Analytics Google Analytics – $0 / month – $500 investment
As I explore each of these programs with you, I’m going to start each the same with, with a recommended platform or service, your monthly cost, and what you need to expect to invest for it to really work. In this case, Google Analytics. Period. I know, you’ve heard about this incredible new intelligence tool or your CTO really wants to put in place the hottest analytics app. Bottom line: Google Analytics is free, it’s integrated with AdWords, it has A/B testing built in, and when set up properly, it is the most valuable technology on the market. There’s the catch, you have to use it. Not just your marketing team, EVERYONE has to understand it, demand of it, and use it. That investment, as such, is about what it takes to get someone who knows what they are doing to ensure you’ve set it up right. Make sure you have Goal and Event tracking set up. Spend some time enabling Social Analytics. Use Segmentation – liberally! You can track the impact of even Word of Mouth in some incredible ways if you spend time with Segmentation. Understand funnels, reverse goal paths, and assisted conversion reports. Make sure you strategically develop your use of Campaign Tracking and don’t just throw up parameters that seem to make sense. Finally, set up Dashboards for EVERYONE in the organization and expect them to report out in your team meetings FROM those reports – make them use them and don’t waste your time with presentations and charts.
Design Theme Forest – $250 / month – $50-2000 investment
Here I’m undoubtedly going to piss off a bunch of website designers. Tough. In the same breath that I’m going to tell you NOT TO HIRE AN SEO AGENCY (or a social media consultant), I’m going to point out that you should have an incredibly well designed, gorgeous website, for about $300. Build your website in WordPress. Stop, I know what you want to ask… what about Drupal or… Stop. WordPress is used by, I don’t know, something like 60% of the ENTIRE internet to power everything from blogs to eCommerce sites. It’s supported by millions of developers, designers, and entrepreneurs. It’s largely free. Use WordPress. Now, head to Theme Forest and pick a theme for about $50. Hire a WordPress developer who can design if you must but I can almost guarantee you don’t need them. There is a design for almost everything and you can pay thousands to get your own site designed exactly as you want it or you can pay hundreds to have something just as incredible, more likely more effective, and save your money. If you can’t figure it out, hire a local to launch it for you (but only if they can outline what they are going to do for you SEO, Social Media, Lead Gen, Analytics, etc. AND that they are going to turn over EVERYTHING to you – including hosting). If you need something more technical built, WordPress developers overseas are around $10 / hour – NO, don’t just hire them blindly as yes, the horror stories are usually true – find someone who works with them and hire them to benefit from that efficiency overseas (ask me). Why is design so paramount? Good design increases your conversion rates, reduces bounce rates, improves word of mouth, and generally boosts the performance of your business – see why it’s part of the foundation? I’m not running a search marketing campaign for you if your website sucks.
Technical SEO Your Developers – Part of your culture – $2000 investment
What the heck is Technical SEO? Odds are, you’ve hired an “SEO Agency,” or been told copy, keyword optimization, and link building is what it takes. LIES. Report those people to the Better Business Bureau and do you part to help clean up the economy. Getting your site effectively indexed by search engines starts with great site architecture, an understanding of navigation and user experience, an appreciation of bounce rates and how to deal with them (hint: see my section on Design), and appreciating the significance of social media. Essentially, building a website that works and a website that works for your business has to be built and managed by your business. Of course, you can, and probably should get a platform (a Content Management System or eCommerce platform) on which to build the site but the effectiveness and quality of your site is so paramount to business that it shouldn’t be outsourced.
Optimization Google Analytic’s Content Experiments – $0 / month – Part of your culture
Have I written so much that you’ve forgotten why I reinforced Google Analytics over other intelligence tools? Optimization testing is part o the package. Formerly known as Website Optimizer, unfortunately, Google removed the more valuable multivariate testing capabilities of the platform but this is still a solid A/B testing platform that puts the responsibility of optimization in everyone’s hands. Test: messaging, buttons, calls to action, forms, colors, etc. NEVER stop testing. Have every department (who now has access to Google Analytics because they have a dashboard – right?) responsible for optimizing their part of the site from Business Development down to Customer Service. Still wondering why GA is so much more valuable? When doing this testing, Google Analytics has already built in source referral tracking, keywords referrals, visitor location, click stream, events, conversion goals, etc. You can optimize based on an endless number of variables and not just the sale.
Lead Capture and Email MailChimp – less than $100 / month – $500 per month
A monthly cost and an investment? Yes. What I want you to start appreciating is that email leads and marketing are as much a source of market intelligence as they are communication tools. First, ensure that your site is designed and built to enable EVERY opportunity to capture an email address. Store every email address in your email marketing platform – no, you can’t email to all of them unless they opt-in – but you can capture and maintain them all. Segment your email database by location and context so you can effectively leverage those addresses in other ways. Certainly email those you can, twice a month at least. Make sure you test plain old text email from you personally vs. that marketing newsletter from a generic email address – you’ll be surprised how much more effective that personal note is than advertising via email. Now, the first source of intelligence about those email addresses (all of them), check out Fliptop (MailChimp has it built in) – Fliptop will give you a social profile of everyone they can – where they live, name, their social network profiles, etc. While you can’t email, you can learn about and connect with everyone.
Functional Marketing
With that foundation in place, we can get to the programs for which most business owners try to hire. Don’t misunderstand that we (marketers, sales, and business development professionals) know you really only want to pay for more customers so let me characterize the importance of that foundation this way: You can spend $5 to acquire a new customer; say, through search engine marketing, OR, you can spend the same $5 to acquire 3 new customers, 2 new partners, 10 email addresses for various reasons, and understand how you influenced other search behavior and acquired a few more leads through your organic search results. Of course, you’re telling yourself, you’re already doing the latter and of course that will happen regardless – the point of the focus on the foundation first is that I’d bet dollars to donuts (what does that mean anyway??) that you aren’t doing it well, sufficiently, or effectively and you are leaving money on the table. When you hire someone to do your SEM, they may get 2 customers instead of the one, perhaps a new partner, of course some email addresses, etc. Unless your entire organization is rigorous about time and energy invested in that foundation, you aren’t doing enough to ensure your functional marketing programs will work.
How then do you fail if you’re getting positive results?? Because someone else IS doing that. My two favorite mantras I often hear from business owners?
We’re growing 20% year over year. What can you do for us?
What if we can’t afford what our competition is bidding on keywords?
In the first case, if you can’t prove to me that your foundation is humming like a well oiled machine, 20% growth is a failure and your competition will crush you. That second thought helps validate that for me – search engine marketing is purely performance based: We pay what we can afford relative to the results delivered. If your competition can afford more, you’re doing something wrong.
Functional marketing starts with:
Search Engine Marketing
Affiliate Marketing
Marketing Automation
Direct Mail (wait… what?)
Search Engine Marketing Google AdWords – Usually $1000 / month ($2000 with help) – Performance based investment
Remember why I said you should only use Google Analytics?… Okay, I won’t go there again. Start Search Marketing simply: your brand terms and product names. But wait Paul! I’m not paying for for clicks on my own name! I have the first result because of my website! In the first place, this is starting simply and making an investment where we know it will return. In the second place, if you don’t bid on your brand names, someone else will. In the third place, are you seriously telling me you won’t pay for traffic that likely results in sales?? Yeah but won’t my competition screw with me there? No. Google fixed that years ago. Ultimately, we’re starting here so you can build a foundation to your program so that it performs well – effective search marketing is about contextual relevance between the keywords, ads, ad groups, and campaigns that you are running. We’re starting with your own brand terms so you can appreciate how that works – you don’t run ad copy promoting Product A on a key word for Product B. NOW, work into category and industry terms by adding new campaigns and ad groups as needed to keep that context as relevant as possible. When I was at HP, we had hundreds of campaigns and ad groups; if you think a word or ad should have it’s own group, it should. Next, ALWAYS BE OPTIMIZING. Never stop removing bad ad copy and trying new (remember, your site is doing the same so you are constantly improving performance). Lastly, appreciate the indirect benefits of Search Engine Marketing as much as the sale – if you are investing in future bids only based on a sale – you will fail. SEM increases the performance of organic search, it drives awareness, it prevents competition, it helps partners find you, it helps customers solve problems. AND the search data itself (keyword search volume, trends, click behavior and patters), is invaluable.
Affiliate Marketing Share a Sale (or Zferral) – Performance based cost – $1000 investment
If you think Affiliate Marketing is for eCommerce sites, hang up your hat right now and go home. Affiliate Marketing is about nurturing relationships with potential partners, influencers, bloggers, etc. and compensating them for their support. Indeed, this is heavily done in eCommerce as its a clear and established marketing channel but it can and should be done for just about everything. If selling a product, start with Share A Sale as it’s turn key, low cost, and simple. It isn’t Commission Junction but then, the idea that an affiliate marketing platform is going to get you sales and therefore you need the big one is hogwash – the platform is just that; the technology that enables what you’re doing. Ultimately, YOU need to make affiliate marketing work. Favor content producers who are going to write about your business and not just put up ads or product listings – that content will serve to create more awareness for your business than those ads. Compensate well, REALLY well, because you only pay for a closed sale (unlike SEM where you pay for the click), do the calculation to figure out how to pay that affiliate as much as possible – much more than other marketing channels might cost. Why? You have a new customer, you have their name, email address, future business, and referrals; guaranteed. That affiliate isn’t being paid for any of the advertising they are doing beyond that closed customer and you can be sure that advertising is yielding other customers through Direct traffic to your business, searches, etc. (remember what I said about Segmentation in Google Analytics – you can track this!). Affiliates will promote whomever rewards them most for their efforts so pay well and work those relationships. With some affiliates, a solid relationship can be the foot in the door to a partnership.
What then is Zferral? Check it out as an alternative for non-commerce based businesses. It’s a great way to support evangelists and compensate individuals who might support your business.
Why does Affiliate Marketing have a performance based cost and a fixed investment while Search is the other way around?? In Search, if you aren’t paying enough to tell Google that you are serious, it won’t promote you; you can’t just pay the minimum possible to test the water – you have to invest in a monthly commitment. That doesn’t mean you’ll SPEND that budget, SEM is performance based, but you have to be willing to commit it. More than that, you probably want a search marketing professional helping you out so you have a monthly cost allocated to running that program (if you can, don’t outsource to an agency! You’ll lose way too much intelligence from search). On the other hand, Affiliate Marketing only pays out on sales so you don’t really have a budget, rather an operating cost. The upfront investment in Affiliate Marketing is allocated to ads, copy, and other collateral you need to run a good program.
Marketing Automation Net-Results – At least $500 / month – Variable investment
As of the time of my discussion with AUSOME, Net-Results was a favorite for being reasonably priced; for whatever silly reason, Marketing Automation entrepreneurs missed the boat on the wave of web services that are drastically reducing the costs of technology so they still charge thousands for this. Net-Results was reasonable, so reasonable, you could set it up for free… Since that presentation though, it seems they’ve outsourced Sales to a third party and now the set up process is annoying. Alternatives I’d recommend but can’t distinguish: Office Autopilot, Infusionsoft, Genius.com, LoopFuse, Gold Lasso’s eLoop. Which to use? Not certain so please, comment on your experience below so we can benefit. Here’s the bottom line… Marketing Automation is about tracking all known individuals as they interact with your site. This allows you to do a few things like scoring email addresses for your Sales or Business Development teams so they know where to prioritize their time, automatically emailing people based on what they do, or automating some customer support efforts. Automatically emailing?? I thought we couldn’t email people who haven’t given us permission, right?? Right. As a company. Individuals do it all the time. Use Marketing Automation to send a personal email from you (or your Sales person) to them to set up a call. But from where do you get the email addresses so that you “know” these people? – Marketing Automation isn’t nearly as valuable if you don’t have the email addresses with which to identify people (though it can still be helpful in identifying traffic from companies – based on IP addresses). Recall our foundation? You are capturing EVERYONE in every way you can and putting them here. Now ask yourself (or me), how might you get your hands on more email addresses?
Direct Mail Jigsaw – $300 for a few thousand names – $1500 investment
Seriously?? Direct mail. Yes. But not in the way that you think. Sending post cards and sales or flyers with deals is about as archaic a waste of money as there can be but send a personal thank you or invitation and you have the highest open rate (to use the email marketing term) you can imagine. Work with a print designer who can manufacture such letters, notes, and invitations in bulk (not design them, print them), and make sure they are personalized. Your investment is in that print work and to acquire target contacts and addresses via a platform like Jigsaw. (side benefit: Jigsaw also has email addresses).
The Finesse
Perhaps you’ve grasped that your foundation is a bit of a fixed investment and a shift in your culture. Your functional marketing consists of programs, largely performance based, that can often be outsourced but are usually better served by hiring someone with experience. Now it’s time for the finesse and I want you to go into these ideas constantly considering where and how domain expertise really pays off – because while expertise is invaluable here, this is work best done in-house.
Marketing SEO & Content
Public Relations
Social Media
Marketing SEO & Content Raven – $500 / month – $1500 investment
Before I explain my reason for crossing out the platform suggestion, let’s get into what we’re doing here. You and your business need to think like your audience. Hang on to your hats: Google does. That’s the big secret in SEO. All that science, that algorithm, those ranks, the optimization…. it’s all about creating a technology that thinks as much like a person as possible. Weeding out the junk and promoting the right stuff. You don’t need to understand much more than that. Take a look at your website, assuming you handled your Technical SEO properly your URLs (addresses), navigation, links, and calls to action should all make sense to you. You should be able to look at the address of a webpage and know exactly what it’s about. Think like your audience. If you haven’t yet accomplished that, get started. We’ll wait for you…
Marketing SEO is really about intelligence. Track every imaginable keyword related to your business. Not just product, brand, industry, and category names but track your partners’, competitors’, sponsors’, and employees’. Track them all through an analytics tool that gives you insight to the demand for those terms, how you perform, where you appear, and the trends and changes in those words. Lucky for me, at the time of my presentation and discussion, my favorite tool, Raven, was in the process of abandoning these reports to favor search engine marketing analytics. I can’t fault them for the decision too much, they want to focus on profitable reporting capabilities and focus (makes sense, right?); except, I don’t know why you would want a 3rd platform when AdWords and Analytics do that quite capably and at the end of the day, the value in a search analytics tool is the comprehensive view of everything going on in search (most of which is organic). Their justification? Where you rank in organic search results is really irrelevant (pay attention to that statement because it’s true and very important to understand) – the problem with that thought is that the change in where you rank is still relevant. Their reasons aside, the abandonment gave me the opportunity and distinct pleasure of chatting with Whoosh Traffic and while Whoosh doesn’t yet provide everything that Raven had, they are working quickly to deliver that reporting AND they are true entrepreneurs, exploring innovating and invaluable ways of providing such intelligence.
Let’s digress… With that data in place, create pages, static pages (not “landing pages”) for key concepts, locations, products, and services in which you have opportunity. Develop relationships with bloggers in your industry and work with them to tell unique stories about those themes (consider starting with those affiliates we’ve nurtured). Ultimately, think like a person; don’t write optimized headlines or try to game how this works – Google is trying to provide results like a person so you will reap the greatest reward if you simply write for that audience.
Public Relations DIY – $500 / month – $2500 investment
Note, this is really important, Public Relations or PR, does not refer to press. In the same sense that Marketing is not JUST advertising for sales, press is but a small part of the finesse of public relations. That said, starting with the press, deal with them directly. Put a reminder on your calendar to call key, local and industry reporters once a month. The press covers things that are top of mind; your press release, your sudden need for coverage, your desire for a story does not put you top of mind – your relationship with the press does. What does the press cover? Notable business news (not your latest product or feature release but stories of growth, significant hires, fund raising, etc.) or industry stories in which you could be featured as an interview or source of information (HARO is a great place to start). Ever wonder where those industry interest pieces come from?? It starts with you.
With that in mind, keep in mind that Bloggers are often more valuable than press. Bloggers generally better understand SEO, social media, and they take the time to link to and promote you; press all too often doesn’t. While the press might have greater reach, a well placed blog post will often yield greater indirect impact.
Now, a word about “PUBLIC” relations. Your strategy here needs to most appreciate that second core tenet: Collaboration and focus create synergy. Everyone in your company is dealing with the public so don’t leave this stuff to an agency or marketing department. Is your Business Development team sharing your story? Does Customer Support report reactions and enable social media conversations? Are YOU blogging on your own site and supporting your business through you Facebook account? Is Sales speaking your language or simply doing whatever it takes to close a sale? Yes, you might want to hire an agency, but realize that you are hiring their ability to craft and tell a story – NOT their ability to write and publish a press release, their connections in the industry, or the change they can make on how your organization deals with the public: that needs to happen from within.
Social Media DIY – $500 / month & $75 per post – $1000 investment
Are you one of those businesses or business owners who has tried blogging and think it’s a waste of time? Go home, you’re going to fail. Social marketing is about telling stories and it STARTS with a blog. If you are trying Facebook or investing in Tweets without first sharing or telling those stories on your blog, you are wasting an opportunity. Remember the point that Google thinks like a person? What do people do these days? They validate things through their friends (Facebook and Twitter), then they turn to content to confirm, learn more, or engage an idea, and that influences their decisions. Google does the same. Without a blog, that content isn’t YOU.
If you think a blog, or Facebook, or Twitter, is going to get your customers, go home, you’re going to fail. Not directly anyway. You are in social media to establish yourself in your industry, create awareness, and generate excitement for what you’re doing. Stop trying to tweet your latest deal, share your new product, or blog about your holiday sale – no one cares. Blog about innovations in your industry, potential partners, business news, and exciting developments so that you can capture Google and the audience that’s looking for that insight. You want to be the brand delivering that information. THEN share it with your fans on Facebook and Twitter, remember to @ all of the parties involved in the story so you get their attention, and appreciate that your fans are the individuals most likely to spread such stories on your behalf – they aren’t likely to tell all their friends about your latest sale. In many respects, think of social media as business development more than marketing as the ability it has to develop your reputation and create awareness with other businesses is tremendous – far more valuable than trying to sell something therein.
Putting it all together
And so… we come to the end. Still with me? I’m impressed, I do hope, in particular, that you’ll share some thoughts in the comments below; tell me I’m wrong, share your experiences, suggest a better tool, criticize one that I’ve favored (heck, the pace of innovation means that my suggestions will probably be out of date by the time you get to the end here); just don’t go this far without supporting the cause.
That cause is that you should now have a marketing strategy that is easily visualized like the pyramid on the right. Start with the foundation, build with some functional programs, and top it off with some finesse.
And yet, that pyramid should probably look more like the one to the left. The left represents the impact each of those efforts will now have. Without your foundation, without the functional programs, a story in the media or a blog tweeting stories will fall flat. Without the foundation, your work on a search marketing campaign will yield misleadingly positive results at best and missed opportunity at least. With this pyramid approach to your marketing strategy, your finesse will blow away the competition as they continue to struggle with sales and lead gen alone. If I can help you accomplish this, let me know.
In honor of the forthcoming end of the world, I wanted to spend a few minutes to share with you some perspective on the state of SEO. Yes, I know, SEO’Brien actually still spends time on search engine optimization. Truth be told, my old library analogy still stands the test of time as one of the simplest ways to explain SEO to entrepreneurs, small business owners, and even marketers who can’t make the leap to think of SEO as anything but content and keywords. Bottom line, SEO is NOT about keyword and content optimization, not entirely at least – heck, not remotely. It starts with good site architecture, design, and a marketing strategy and organization that understands the implications of a search engine.
But that’s not the point of today. Today, we want to talk about how you rank and what it means.
Rank is Dead, Long Live Rank
For years now, marketers have known that where you rank in search results was a nearly irrelevant metric. An interesting anecdote at best, how a keyword ranks is a bare snapshot of one slice of how your website performs and how Google interprets the significance of the site. Many marketers avoid like the plague, business owners who say they want (need) to rank in the first few results on the following keywords…
Why? Google and other engines, long ago, started personalizing results.
What does that mean? The search results you see are different than those your friend sees. Results are now personalized by what you’ve previously searched, on what you clicked, what you do with social networks such as Google Plus, and where you live. The results are so personalized that even if you rank first, according to the services that report how a site ranks, the majority of your traffic may come from a location where you rank poorly. Reports may indicate that you rank prominently but how / where Google determines you rank in New York, where you get most of your business, may be entirely different.
Not long ago, Google made a change in their own transparency and you might have noticed that in Google Analytics, the most significant source of traffic is from the keyword (not provided) – that’s not a typo… I mean it, not provided. Google isn’t exactly hiding such information from you; it’s trying to help establish the fact that the way businesses and (unfortunately) some marketers have been trying to optimize sites has been wrong. Simply put, trying to optimize for a specific term, or set of terms, forces you to do so at the expense of everything else Google might consider important and relevant AND it directs your attention from what really matters – good design, architecture, and content about your business.
Raven Tools Abandons Rank Reporting
In January 2013, Raven Tools, my long time favorite search reporting tool (and a tool I advocated only days ago), will drop rank reporting entirely. I have to admit, at first I was dismayed and frustrated, as were countless other marketing professionals, but then I realized how significantly the change (pressured upon web services such as Raven) liberates us to focus on what matters.
Years ago, I stopped reporting rank, as a snapshot, to the startups with which I work. Appreciating the evolution through which search was going, I still used rank reporting but never allowed my clients to evaluate anything based on their position for a specific term.
Tracking What Matters
How can rank be so meaningless?? In and of itself, it is a worthless barometer and it’s exactly that reason that I relish the progressive death of it. And yet, it’s loss also troubles me. I’ve long said that you should NEVER hire an agency that does SEO. Search engine optimization is too integral to all of your other marketing activities AND the engineering of your web site. And while many still try to focus only on SEO, at the very least, appreciate that keyword data from organic search can so significantly impact and be impacted by Search Engine Marketing that for the love of God, at the very least, treat SEARCH as one program (run by the same people who run and reported with your Adwords performance).
What matters is not where a term ranks but considerations such as the relative volume of opportunity on keywords, the change in search volume on those terms, how your business is perceived related to terms, and what your business can do about that. Such strategic direction is impossible if you don’t track search in aggregate; and not treat organic keyword rank as distinct from Adwords volumes and performance.
More than volumes, we want to optimize for what performs and that means a solid understanding of Google Analytics: Segmentation, Goal Tracking, Event Tracking, Multi-Channel Funnels, and cohort analysis (things I’ll get into at another time). Knowing the impact keywords have on your business, not as search terms but as leading indicators of your business, can have a profound affect and really establish the role of the person you’ve hired to help you – we’re MARKETERS not advertisers and our job is to intimately understand your business, channels, the industry, and the market opportunities. Search, studied properly and attributed appropriately is far more valuable in that context than in trying to get you a bit more traffic or a few more leads.
So rank is worthless? Not at all. I’m excited by the potential these changes in the industry have on forcing business owners to value rank for what it is. What I’m troubled by is the fact that the CHANGE in rank over time was, and remains, a valuable indicator of the success of the business. While the snapshot is worthless, monitoring a change in how a site ranks is a valuable indicator of the health and success of the business. Sure, SEO is a factor in determining your rank (and affecting that change) but for a business in which the site is effectively optimized, the change in rank is an indication of the health and quality of the business, impact of PR, and a sign of competitive threats. What’s to come of our ability to track rank at a macro level? Over time??
SEO Tools That Matter
With the demise of Raven, I’m forced to find alternatives and it’s in my search for alternatives that I’ve uncovered some incredible platforms. Shame on me of all people; as an entrepreneur myself, I’m the first to advocate dropping old software in favor of new technology and services many have yet to discover. Having been a fan of Raven’s tool for years, I never bothered to look to the innovators in the market; now that Raven has decided to focus on paid search, my hand is forced.
“It is important to Raven and many of our clients that we continue to provide SEO, PPC, social media tools, content and analytics. We will lose access to the AdWords API if we continue to provide Google rankings after Jan. 2, 2013…. However, this decision aligns Raven software with the direction its co-founders have long believed the Internet marketing industry was going – away from individual ranking results as the most important metric and towards campaign performance metrics including traffic, conversions and goals. We will continue to innovate other ways for SEOs to measure the success of their campaigns.”
Simply put, Raven is going to focus on Adwords data, social media tools, and content analytics. Cool. But I have rich data sets for that. Too bad, their co-founders have the right idea.
Raven recommends AuthorityLabs and Advanced Web Rankings but it’s in my own back yard that I’m most intrigued. I’ll give them a look but I’ve recently had the pleasure of discovering Whoosh Traffic and I’m looking forward to spending some time with the team. Their focus remains on SEO and as such, rank; hopefully, in the context that even the team at Raven is headed – helping businesses track organic search and it’s impact on business based on volume and goals.
Like it or not, it is the end of rank as we know it and frankly, it should be. I have NEVER met a startup, or business, that was successful by valuing rank alone. Sure, you’ll find businesses that grow, startups that excel in organic search, and companies that continue to expand through SEO, but relatively speaking, compared to all of your competitors, focusing on search along, and looking to Marketing alone to do it, will fail you.
It’s the end of rank as we know it, and I feel fine.
As an SEO, my years and marketing have long been spent trying to convince other marketing professionals, product managers, and executives in a company that the work we do in SEO can not be done in a silo. The success of search engine optimization is DEPENDENT on all other levels of the organization from the way in which the executive team uses social media and their blogs, to the company’s PR strategy, to how the product managers price and promote their products, to the engagement of Sales and Customer Support with the community surrounding the products… Anyone who thinks (or hire someone who thinks) SEO is as simple as keyword optimization and link building is wasting money.
Not long ago, Ed Trevis, the CEO of Corvalent, whom remarkably bucked the troubling habit of entrepreneurs going to Silicon Valley as though being there would help them be more successful (he went the other direction, taking Corvalent from Silicon Valley to Cedar Park, TX where indeed, the location has helped them be more successful), shared with me a brilliantly simply visual to help capture this fact. Seth Godin recently put together a representation of how everything affects the success (or failure) of your marketing programs called the Circles of Marketing.
When in doubt, when your marketing isn’t working, the answer is easy: go one circle in.
Circles of Marketing
Just spend a minute with the visual to the right; explore the possibilities and the implications of what it might mean. Is the Productan island in a sea of other considerations? How areCommunity and Price considered equal or related in some way??
Step out to the outermost ring now and consider your own marketing organization or efforts. UNFORTUNATELY, most entrepreneurs, CEOs, executives, and small business owners think this outer ring alone is Marketing. That’s where business fail to scale. That’s where entrepreneurs fail to succeed.
Godin shares, “The next circle in has so much more leverage. This is the circle of telling a story that resonates with a tribe. This is the act of creating alignment, of understanding worldviews, of embracing and elevating the weird. Smart marketers in this circle acknowledge that their product or service isn’t for everyone, but bend over backwards to be sure that some people will be able to fall in love with it.”
Community, Price, your Story, and the Tribe truly and simply determine whether or not your marketing works. Here we’re talking about conversion rates, word of mouth, viral coefficients, and a whole host of other marketing buzzwords that go overlooked by entrepreneurs and executives as the bailiwick of the Marketing organization but seen in this light, perhaps it’s easier to appreciate that those buzzwords usually aren’t in the control of the marketing organization or program – they are terms marketers track and emphasize, but they depend on the product managers, sales, and customer service professionals in your business. As a marketer says to you that we need to improve our conversion rates, entrepreneurs all too often just agree and say, “get to it!”
As such, Support and Usability are all too often ignored as affecting marketing. First, the good news, that’s changing. Good design is increasingly prevalent online as the impact of design is appreciated in the conversion and retention of your users. Support processes and organizations are increasingly tied surveys, metrics like a Net Promoter Score, and expectations that support = revenue. Disappointingly, it isn’t happening quickly enough, with design and quality often relegated by entrepreneurs to a later stage in their strategy.
Ultimately, you’re marketing a product and at the end of the day, that needs to be accountable. “When the thing you sell has communication built in,” adds Godin, “when it is remarkable and worth talking about, when it changes the game–marketing seems a lot easier.”
So how do you apply this simple visual in your organization? Take one step in. When everything else is failing, when a program doesn’t work, when a employee isn’t delivering what you’d expect, take one step in and evaluate what’s at fault there. If I can help, let me know here.