Tuesday, November 15, 2011

[FeedBlitz] Online Marketing Blog - 2 new articles

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Online Marketing Blog - 2 new articles

 

Are You A Guilty Marketer? Opening Keynote at #SESCHI by Mikel Chertudi of Adobe

mikel chertudi keynote SES ChicagoMikel Chertudi, Senior Director, Global Media & Demand Marketing at Adobe Systems, presented Tuesday morning's opening keynote at SES Chicago. The goal of his presentation was to take a deep dive into:

  • How the value of what marketers do is often viewed incorrectly
  • Mistakes that many marketers are guilty of
  • What questions marketers should ask themselves in order to invest marketing dollars appropriately

Changing the Marketing Conversation
Often times, as marketers we talk too tactically

Many marketers today still refer to marketing dollars as “spend”, “budgets”, or “cost centers”. One of the things that Chertudi urges online marketers to do is change the conversation. What does this mean?  Organizations should begin considering marketing costs as an investment and not just a cost. Instead of focusing on the “burn rate” we are urged to focus on determining if our investment is large enough to fuel the growth of the company. This will enable marketing to be properly viewed as a means of growing the organization instead of being perceived as a cost center.

Alleged Counts of Being Convinced Guilty
What we know we should do better, but don't

Marketers often are aware of the areas within their department that require improvement but they simply don't take the time to make adjustments. What are the different types of marketers and what are they guilty of?

  • Guilty Marketers: Those knowingly operating in a suboptimal fashion and wasting budget.
  • Wishful Marketers: Those hoping their efforts are positively impacting business but are lacking evidence.
  • Clueless Marketers: Those that should know better, but no one has stated the obvious.

The 7 Counts of Marketing Guilt
1. Lack of clear strategy and objectives
2. Sloppy efforts to track and measure
3. Assuming Too Much
4. Too much science
5. Too much art
6. Short-term vs. long-term oriented
7. Unauthentic

Negligent Acts of Wishfulness aka Cluelessness
According to Chertudi there are 3 types of negligent acts committed by marketers on a regular basis.

Misunderstanding the Business: Organizations often invest funds into the top of the funnel without understanding how it truly impacts the bottom line. As marketers we need to really understand how it is that our business operates.

Organizational and Tactic Silos: Considering the impact that one form of marketing has on another is key in forming strategy. By properly utilizing technology we can better understand these silos and how they work together.

Improperly Attributing Attribution Models: The majority of marketers are not aware of what models they are using. If you don't understand the difference between last click, first, all, even, and weighted models you are leaving money on the table as a result.

Investing Correctly
Questions that every CMO should Ask

  1. Which words do we use? As marketers it is important to shift focus from marketing spend to ROI by quantifying results in terms of sales.
  2. Do we validate what we assume to know? If we are making assumptions we should be aware of how largely these assumptions impact our bottom line.
  3. Do we have a clear way to measure and track results? Proper implementation of marketing measurement tools and the diligence to de-duplicate results if needed will help us to track our results.
  4. Attribute to the real results and what are the financial outcomes? Tracking the impact of marketing results and the financial outcomes is essential for proper measurement.
  5. Can we attribute attribution correctly? Over 98% of marketers cannot do this correctly because they do not have the right set of tools.
  6. Is your marketing department behaving like a team? Each segment of your marketing department is working towards a common goal of increased sales. Knowing how each of these marketing initiatives works and what impact they have on growth something that all marketers need to know.
  7. Can you balance the left brain and the right brain? There needs to be a proper balance between art and science. Just because something works doesn't mean that it is always the correct course of action.

Depending on the size and nature of your business there are many impacts large and small that marketing investment can have on your company. It is imperative that marketers continue to focus on accountability and real measures of attribution as they impact the bottom line.

For our readers, I'm curious to know what marketing “sin” are you most guilty of? What do you know you should be doing better but haven’t been able to? Is Marketing viewed as an “investment” or a “cost center” in your organization?


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© Online Marketing Blog, 2011. | Are You A Guilty Marketer? Opening Keynote at #SESCHI by Mikel Chertudi of Adobe | http://www.toprankblog.com

 


What Chicago's Best Restaurants Can Teach Us About Search & Social Media Marketing

Social Media Marketing Tips for Chicago Restaurants

I'm going to be visiting the windy city for SES Chicago this week and have been trying to figure out where to explore if I can find some time while I'm there. I always enjoy a great meal so turning to search engines and social media platforms was an obvious answer for me to find great restaurants.

Understanding how end consumers use search and social to find and discuss your business online is key in creating an effective online marketing strategy.  The more that you study and adapt your strategy to positively impact new customers, the more successful your social media strategy will be.

What Would You Search For?

When assembling an optimized social media strategy it is important to get in the mindset of your audience. That means thinking about search as well as social since the discovery experience often involves both.  Put yourself in the mind of your customer: What search phrases would you use to find what you were looking for?

The easy choice for researching keywords is the free Google AdWords Keyword Tool. If you’re a restaurant owner in Chicago that expects online customers to find the restaurant and book reservations, it’s essential to know the most relevant and popular keywords searched on a monthly basis.

Below is an example of a keyword search that I completed as it relates to finding a great restaurant in Chicago. Many social media strategists don’t consider researching keyword phrases, but it is imperative that you are aware of the different variations of keywords that can be used to locate your business. Customers might start the process of finding a restaurant with search first, before going to their friends and asking for recommendations.

Google’s AdWords Keyword Tool will show keyword competitiveness, monthly searches per month and additional keyword ideas. Now you can use those phrases as inspiration when creating social content that is a little more search friendly (optimized) socially. Other keyword research tools include: WordTracker, Wordstream and Ubersuggest.

Takeaway #1: Know Your Audience.

By getting into the search mindset of your audience you are more equipped to develop a need based social media marketing strategy.  Customers looking for services and things like restaurants often go to their social networks and ask for recommendations and then to a search engine like Google to get more information. Other customers will start the process at Google and then ask their friends for opinions about what they found in the search results. Either way, it’s important to use the tools available to you in order to understand how customers are using search and social so your marketing can be present at the moment of need.

Provide Value To Your Followers (and prospective followers)

Twitter provides a great deal of information when it comes to seeing what users (and businesses) have to say about a phrase like the "best restaurants in Chicago." What I typically find is a good mixture of user generated content as well as businesses that have incorporated my search term into their social keyword strategy. In fact, one of the  top 5 tweets related to my search term was published by a restaurant.


Rosebud Restaurants (@RoseBud_Chicago) is a search result created by a business as part of a social strategy. Marketers within any industry can take note of the way that RoseBud Chicago has optimized for keywords and worked to provide useful information to their followers. The content is clever, engaging, and links to their Facebook page which displays mouth watering photos of select menu items.

Takeaway #2: Provide Value.

Worthwhile content can go a long way.  Although you may not have photos of your products or services on display there are still things of great value that you can provide.  Perhaps a series of white papers or news articles that are relevant to your audience will entice them to research you further and take next steps.  If you don’t provide valuable information to your potential customers someone else will.

Don't Sit and Wait: Be Sure to Engage Your Followers

Interaction is key when executing a social media strategy.  I think that sometimes we lose sight of the fact that social media should be a combination of sales and marketing.  Simply pushing out information will not get results.  The more that you can engage your audience and encourage them to share and act, the more willing they will be to come back for more and tell their network to do the same.  Another Chicago establishment that I think is doing a good job of this is Protein Bar Chicago (@proteinbarchi). Not only is Protein Bar Chicago responding to tweets but they are also asking engaging questions to inspire next steps.

Takeaway #3: Engagement is good for business.

Simple acknowledgment of fans and followers helps build the relationship between a customer and a service provider.  Asking engaging questions and providing timely response to questions can have a very large impact on brand loyalty and business.

User Generated Content Can Have a Large Impact

Think outside of the box when it comes to online sharing.  While it is true that some users (like myself) will turn directly to their social networks, others may not.  If someone goes to Google and searches for the “best Chicago restaurants” are the results on the first page likely to be typical social media profiles? Chances are that they wont.  By utilizing sites that allow for user generated content this opens up a whole new world of possibilities.  For review websites such as YelpZagat, and UrbanSpoon, users provide detailed information about the restaurant atmosphere, price, menu, service, etc.  Remember, happy customers can equal brand advocates.


Takaway #4: Keep customers happy and encourage them to share.

Do you know what sites your target audience uses to voice their opinions about products or services such as yours?  By identifying these platforms in addition to standard social media sites that you should have an active presence on you are poised to cover bases that your competition may not have considered.

What Now?

I know that in this post I have provided a very small example of how one industry can connect and engage customers through search and social media, but I challenge you to apply it to your own company and to think about the following questions and how they relate to your target audience:

  • What is your audience searching for?
  • What are the problems that your product/service solves?
  • What makes your product/service different from competitors?
  • What can you do to differentiate your business and engage prospects and customers online?
There’s no silver bullet to social media marketing, but by asking these important questions and approaching your online marketing from a customer’s perspective, you’ll be more effective at attracting, engaging and maintaining new business.

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© Online Marketing Blog, 2011. | What Chicago's Best Restaurants Can Teach Us About Search & Social Media Marketing | http://www.toprankblog.com

 


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