Showing posts with label wsi. Show all posts
Showing posts with label wsi. Show all posts

Wednesday, March 18, 2009

Performance Based Advertising With PPC - WSI Local AdWorks

Recently, I launched a paid-search marketing campaign (also called PPC for "pay per click") for an attorney in a larger metropolitan area with WSI's Local AdWorks solution and wanted to share the results. To keep the campaign statistics "clean" I'm not going to reveal the location or legal focus of this attorney's advertisements, but suffice to say we've been getting some good results and even though I'm "in the business", I'm still amazed at how detailed the tracking reports are for my client.

One of the most interesting parts of this service is our ability to dynamically replace a business's phone number with a call-forwarding number that we provide for free. This gives us the ability to track if a phone call results from a click on the advertisement, since that's important to the overall ROI determination and knowing if the campaign is successful. Just last week my client's reporting system showed one phone call as a result of his campaign - but unfortunately for him it was someone looking for a job, not to hire him for her services. The good news, however, is that the call activity was captured and we knew exactly where it came from.

The other "standard" features of any paid search marketing campaign are also included with WSI Local AdWorks program. We track things like number of times the advertisement is displayed (sometimes referred to as "impressions"). Because this is truly performance-based, this number is important, but does not have an impact on the client's budget since the only time ad money is spent is when someone actually CLICKS on the advertisement and visits the client's website. Compare that to an ad in the newspaper and you pay regardless of whether someone reads your ad or it goes in their bird cage!

As you can imagine, we track the number of "clicks" that take place and can compare that to the impressions and get a click through rate (CTR) that gives us an idea of how successful (and relevant) the ad is doing. I often get asked "what's a good CTR" and that really depends on the industry and competition. If you can get in the 1-5% range, you're doing good, but the most important factor in all of this is if you are generating any sales ("conversions") out of your clicks. Think about it, wouldn't you much rather have a .5% click-through rate but know that everyone who visits your site is buying than a 10% click-through rate and not make a sale? Remember, you pay when someone clicks, so it's important that yo do your best to get them to do something when they visit your site (like sign up for your free newsletter).

Once someone is on your site as a result of the "click" (which you paid for), our system also tracks what key pages they visit. So, if you want to know if someone visits your "About Us" page, we can tell you. If you want to know if someone fills out your "Contact Us" form, we can tell you that too. Not every time will someone take action when they are on your site, but it's also nice to know what they look at when they visit. This can also give us some ideas on ways that we can make improvements to your pages and help increase the chance someone will interact with you in the future.

If you're interested in learning more, I'd suggest you check out our instructional video that helps explain WSI Local AdWorks in more detail. If you're interested in learning more or seeing how this can be a good solution for your business, give me a ring at (269) 841-5007 and let's chat. I'd love to help get you more customers and introduce you to performance-based advertising!

Eric

Friday, November 07, 2008

I'm Turning My Wife Into a Geek (sort of)

The past several weeks my wife, Alicia, has been signing up for some of the popular social networking sites like LinkedIn, Twitter and recently started her own Facebook page. In her position as state sales manager with Chicago Title of Michigan, this is one of the ways that she's trying to differentiate herself (and her sales team) to help build relationships with customers, and also be able to show her customers how to build their own relationships and build their businesses.

As a Certified Internet Business Consultant with WSI, I am looking at the benefits of social networking for businesses all the time and excited about having her come on board. Since she's still somewhat of a "newbie" to this space, it's good for me to ensure that I can explain some of what's going on in this space in "common terminology" so that the average business person can understand. Granted, she's catching up quickly, but we have had a couple of great conversations on exactly HOW to use these sites to promote yourself, your "brand" and eventually the products and services that you represent that help put food on the table.

As with any successful marriage (and those of you who are married can appreciate this), communication is critical to ongoing happiness. This certainly was the case when we taught the class on Sales Skills for Bankers at the Perry School of Banking the past two years for the Michigan Bankers Association. This is just one more area where I need to make sure that I'm doing a good job of helping to ensure that she (and then, my customers) understand what all this means. It's been a lot of fun trying to explain things from a different perspective and the process has made me a better "educator" along the way.

If you're thinking about dipping your toe into the wonderful world of social networking, I say go for it. It's a great way to tell the world what you're all about and make connections that could develop into something great. Whether it's renewing an old friendship from high school or maybe a new business relationship, you might just be surprised. From a business perspective, we all do business with people we know and trust (and like), and the new social networking sites help build your online personality and enable others to get to know you.

So give it a try. If you need a little help along the way, let me know and I'll be happy to help point you in the right direction. Or, just wait a few more weeks and you can give Alicia a buzz. Before long she's going to be an expert too!

Great job honey, I'm proud of you...
Eric