Showing posts with label Technology. Show all posts
Showing posts with label Technology. Show all posts

Wednesday, October 1, 2014

Marketing: Google AdWords and increasing your ROI





Most companies, marketers, and consumers for that matter, are aware of Google (67.6% market share) and use it daily to perform searches, look up content, find informative articles and blogs, and to buy and sell products/services.  For this blog post I will be focusing specifically on the seller side, and how companies and marketers are utilizing Google AdWords ineffectively and are wasting/losing a significant amount of capital.

The scramble is on, and has been for the last 10 years or so, for companies to create and build an online presence.  In today's world it is absolutely essential to have at least a company/business website where potential consumers can find you and get an idea of what your brand is all about and what you are offering as far as products/services.  With millions of websites now online, how does one standout and get noticed?  One way is to type your exact web address into the url search, which only works if consumers are aware of your company and have, more than likely, purchased from your business in the past.  The other way, and most common, is through the Google search, where consumers type in keywords, usually two to four words, into the search bar.   Once the keywords have been typed the Google search page is populated with data - listing ads from a variety of companies that fit the search criteria.  If your company is not listed on the 1st page, where 75% of people do not go past, you are essentially throwing your money into a black-hole.  If this is the case I would recommend pausing your campaigns and read the following 3 steps prior to reactivating them.

1) Conduct a thorough keyword analysis:

In my experience this is the most common mistake companies and marketing managers are making and the easiest to fix.  That said, it is probably the most important as well.  When conducting your initial keyword analysis it is important to know your industry and target consumers.  Once you have done the preliminary research you can access Google AdWords keyword planner function.  From here you can type in industry related keywords and AdWords will perform a search and populate 100s sometimes 1000s of potential keywords with key metrics such as competition, avg. monthly searches, suggested bid, impressions, etc.  Granted many are far too broad to use in a campaign (not recommended), however, there will be many options to choose from and further target your search.  When keywords are too broad your ad(s) will show in searches, which may not be your target market.  Therefore causing people to click on your ad with no intent to buy, meanwhile you will be charged on your CPC (cost per click) campaign -- lowering your ROI.  There are many advanced features in the keyword planner as well that can increase keyword efficiency: Search competitor websites, landing pages, trends, etc.  However, the basics are the most important to get right -- then worry about advanced features.  Once you have selected your top 20 or so keywords you'll want to utilize AdWords match function: Broad, Phrase, and Exact are the basics.  If you are very confident a selection of keywords match what the majority of your consumers will be searching for, then you'll want to use either phrase or exact match, thus targeting your prototypical consumer, whom are more likely to convert on your site.



Helpful hint: You can use a combination of the three in your Ad Groups

2) Organize Ad Groups:

Organizing your Ad Groups is highly recommended.  I have seen this far too often where a client has created multiple ad groups with a variety of ads that are not cohesive, thus lowering their quality score and ad rank and increasing their CPC.  All of which will negatively affect your ROI.  When organizing your ad groups you want to create groups for each individual product/service, and then create ads accordingly -- utilizing the proper keywords from your analysis. For example, if your company is a bakery and you sell fresh bread/rolls, cookies, brownies, and cakes, you would want to create ad groups for each individual item and then allocate the respective keywords accordingly.  Organization is key, so if you can get it right from the start you'll be far better off than going back and analyzing all the ad groups, ads, keywords, etc., as it is a lot of work!  Furthermore, it will cost you more money and time to backtrack.



3) Coordinate landing page copy:

Landing page copy and functionality is EXTREMELY important.  For one, this is where your directing your ad traffic and if it does not portray what your ad is trying to sell, your conversion rates will be low, as well as your ROI.  We want to increase ROI not bring it down.  The most important thing with landing pages is to keep the messaging clear and concise, utilize SEO keywords when possible, have a strong Call to Action, educate the consumer on the product/service, and track and procure as much of the user-data as possible.  There are a lot of cool and affordable 3rd party sites that make creating professional landing pages easy.  My favorite, and perhaps the most popular, is Unbounce.com.




Keep in mind the above are some basic steps and tips on how to manage and increase your ROI when using Google AdWords.  There are many more advanced options and techniques to consider; however, although these are basic steps/tips they are still very common mistakes many companies and marketers are making on a day-to-day basis.  One last thing I would say is to track and analyze as much as you can as often as you can, and make adjustments accordingly.
As always, I'd love to hear your comments on this topic, so please leave comments if you desire.

PS - If you are in need of any Business and Marketing consultation for your small to mid-sized business/start-up feel free to shoot me an email at: modernbizstrategy@gmail.com.

Cheers,
ModernManTellsAll


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Saturday, September 20, 2014

Lifestyle: Manage your time...

This is an open letter to all the horrible time managers out there...please take the initiative and manage your time, because it affects all of us!
All right, this is going to brief but hopefully informative and reflective. How many of you out there have been victims of a horrible time manager, or are one? (show of hands) I see about half of the crowd has raised their hands (hahaha).
I get it, we all have a lot going on in today's hyper fast, ultra digital world. We have our physical life and well-being to attend to and our virtual life, which is slowly creeping up on the physical, but not there yet. So we may be late to a meeting, date, friends birthday, wedding, etc., but why?
If the reason is: There was a horrible accident. I got lost. I was on the phone with my mom (who lives in another state/country). I ran out of gas, not a good one but acceptable (unless it happens more than once), etc. You get the picture. There are some legitimate excuses, however, for the most part being late is a product of poor time management.
I know it may sound "parental" in a way, at least my mom says this all the time; "You should leave early enough to prepare for traffic and/or accidents," especially when leaving for an interview, important work meeting, pretty much anything business related as social situations are allowed some leeway by default.
What I have come to realize as my life has gotten busier and busier, and as I've grown into a responsible man (thanks mom), is the fact that my time is valuable as is everyone's. If the meeting is at noon be there at noon (at least) or even better get there 10-15 minutes early. If you say let's meet at 3pm and you can't get there at 3pm, let everyone else know, preferably at least 30 minutes or an hour before. After all, everyone is busy, whether they are busy being productive that is another story.
"Better three hours too soon, than one minute too late." ~ William Shakespeare
Technology is supposed to make our lives that much easier, not harder. There are tons of apps out there that can help you manage your time and tasks, set reminders, set alarms, workout timers, monitor traffic conditions, estimated time of travel, etc. All there to make you more efficient and productive. Let's not forget the countless ways to communicate: text, social media, email, a PHONE call, so let's try and use it people.
Side note: The new iPhone comes out today and iOS 8, both of which have applications to help with time management.
Salutations,
Nicholas

Wednesday, August 27, 2014

Technology: How do you use it?




Technology: How do you use it?

This is a subject I have grown to become extremely passionate about over the last 3 to 5 years, particularly since the acceleration of online higher education, social media, smartphones/TVs, and the efficiency of applications such as Skype, Blackboard, IM, video/music streaming, etc.  You truly can run a global operation from the comfort of you own home, if you have mastered technology and all of its functions and nuances.  Granted many of us are not there (yet), and maybe running an entire globalized operation from your living room is a bit of a stretch - but the point is, one could if they had the means and a trusted team of, tech-savvy, highly intelligent, efficient, and productive individuals.  Again, a lot easier said than done.  So where do you stand on technology and how it is used in our everyday lives?  For me there are two general and basic categories: Distraction and Entertainment and to Perform Tasks Efficiently, and, quite simply, Make Things Easier.  Let's break it down.

Distractions and Entertainment:

Yes, technology is great, that goes without saying.   Think about it, we all have the power to do anything we want at anytime in the palm of our hands; some of us actually have it in the palm of our hands 24/7!  This is true, I personally know people like this.  It has even come to the point where our devices are the most important material thing to us, right underneath food, clothes and shelter, maybe you know someone that places it above food - it's possible.  How many of you (yes, I'm guilty of this as well) have been in your car, hopefully at a stop light, and decided it was a good idea to send a text, check your email, Twitter or Facebook feed?  I'd be willing to guess it is above 80-90%.  I can't tell you how often I see people doing this while actually trying to drive.  All this serves as a huge distraction.  How about when you are out with friends, at work, on a date, or just hanging at home with your kids and/or pets and you are glued to your smartphone, tablet, or laptop, and your kid, dog, or significant other wants attention?  This happens to all of us whether we are doing it consciously or subconsciously, really we are not trying to be unresponsive or unaware of our surroundings - it's almost as if some of can't help but be drawn to technology.  We are constantly being distracted by something (I just checked Facebook about 3 times while writing this post), and most of the time it is something of minimal or no importance.  That email could have waited, that tweet could been posted later, you've already seen the YouTube video, etc.  I've even seen people walk into stop signs, tree branches, or me while walking their dogs, all because they had their eyes glued to their phones.

My question to everyone out there is, do we really need to constantly be distracted by technology or is it there to serve a greater purpose?  I'd argue the latter, undoubtedly.  That is not to say, there is a time and a place for entertainment and other forms of uninformative articles, or social media posts, because there most certainly is, it just does't have to be 24/7.  Think about it, humans have managed hundreds of thousands of years without advanced technology, yet today most of us can't put it down for a few minutes let alone an hour or two.


Perform Tasks Efficiently and Make (everyday) Things Easier:

On to what I believe the best use of technology is: to perform tasks efficiently and make things easier.  I for one love technology and consider myself a tech-savvy individual.  I really can't imagine life without it.  Now, with the use of technology everyone has access to a vast ocean of information all at the click of a button, can manage all their financial accounts in one app, connect with associates, friends, and family across the globe in an instant (by video), streamline manufacturing processes, work autonomously; heck it can even parallel park your car for you, not to mention the fact that "getting lost" is now taboo.  There are countless other reasons for the use of technology and the benefits received, which I will not go into as you know what they are.  In business, technology has endless possibilities.  A small one man operation now has the potential to reach as many consumers/customers as an established multi-national.  That to me is mind-blowing.


Once one has harnessed the true purpose of technology, to perform tasks efficiently and make (everyday) things easier, your life could become more simplified.  That said, if one let's technology take control or someone doesn't fully grasp the powers of having a device or devices that, 30 years ago, would have costed millions of dollars and took up a room the size of your apartment, then life suddenly becomes more hectic and out of control.  How many times have you heard people say, "I'm so busy"?  Well, I'd put some money on it (although I don't have much), if they took advantage of the technology that we are so fortunate to have access to, harness and understand its powers, your life would begin to simplify.  Maybe, I am reaching a bit, but I feel it has worked for me.  How do YOU use technology?

If you agree or disagree, or are attached to your devices 24/7, I'd love to hear your comments.

PS - If you are in need of any Business and Marketing consultation for your small to mid-sized business/start-up feel free to shoot me an email at: modernbizstrategy@gmail.com.

Cheers,

ModernManTellsAll


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