Aaron Wall has done it again with a very detailed analysis of the value of a top ranking in both organic and paid Google search results. This is a long read but should be required for anyone working to drive traffic and conversions via search
Even though we put some Adsense units on this site we never had any expectations for them beyond a few clicks here and there. That’s because readers don’t come to this site with a purchase or product research in mind. The subject matter (Internet marketing and business) isn’t closely associated with buying.
Gawker Media, the big blog network, announced that it was selling off a few assets including Wonkette, a very popular inside Washington political blog that had over 5 million pageviews last month. With that kind of traffic you’d think they’d be crazy to dump an otherwise successful site. My guess is, that with a downturn economy, a site like Wonkette which never had a strong advertising model- readers go there for opinions and gossip, not shopping, was probably seeing a big drop in ad revenues. I’m guessing their CPMs were in the toilet despite the high traffic.
To make money with a site you have to choose your subject matter carefully. Is the information you’re providing something people seek during a buying process? Are the types of purchases associated with the site Internet e-commerce friendly? Things like books, jewelry, gadgets, courses and other high value, easily shipped, high margin products work best. Things that are heavy, cheap and have low margins like pet supplies, large appliances and groceries don’t cut it.
Is the subject matter information-intensive? If the buying decision is easy you can’t add enough value via a web site or blog. Look at the ads on general news, opinion and lifestyle blogs/sites- they are often big brand ads for cars, insurance and other generic subjects that are neutral in relevance to the content. These kinds of ads generate almost nothing in CPMs (measured in cents per thousand impressions) and contribute to banner blindness.
Getting a formula that delivers higher revenues requires something a lot of Internet media entrepreneurs don’t want to do: hard work. I’m in the process of inserting relevant affiliate text links into the hundreds of articles on one of our kitchen design sites. We have display affiliate ads but they draw very poorly. The text links are carefully chosen for very high relevance but it’s a lot of work:
This is a lot of picky busy work but when I’m done I’ll have an information site that is optimized for revenue-generation in a way that the consumer appreciates. And it is sustainable because once the work is done the site is self-sufficient. On to the next one…
This is pretty crazy.
If you place a form on your web site Google can now enter any possible combination of information, radio button choices, checkboxes, etc., and index the results that come back for the form. They call this accessing the ‘Deep Web’, that part of the web that, until now, could only be accessed by a human entering information. It is deep in the sense that they now index all the possible underlying data in an online database that is not protected by a security layer (at least that’s how I read it).
Implications? Optimize those forms and your results pages and make sure they return relevant results or you might get purged.
And, BTW, dump your Microsoft and Yahoo stock- they are not even on the same planet with these guys.
Seth Godin, marketing guru and savant of small things, writes about how inbound calls are the most important and most ignored aspect of marketing. I couldn’t agree more.
We did an SEO/SEM campaign for a client that was completely focused on developing highly qualified inbound leads. The criteria was simple: Get potential customers to visit their site, then pick up the phone and call for more information. A secondary goal was an email request.
One of my first actions in planning this was to call the number on the website and experience what a prospect encounters… and it was not good. First, a person did not answer- I got a phone tree. My options did not clearly include ‘talk to a rep’ as the first option. When I did get to that option, I got voicemail.
A new customer for this business is worth 5-6 figures minimum revenue in the first year. Many become long term partners. An inbound call is a serious indicator of interest yet this otherwise savvy business was placing impediments every step of the way for that caller.
Our response was that before we even work on lead gen, they needed to dedicate a phone line and a live person to answer that line 24/7. This can be done with a call center whose script is to determine the caller’s physical location and connect them with the appropriate sales rep for that territory. The sales rep is trained that calls from this source are serious prospects that must be contacted within hours, at the latest (leads are time sensitive and rapidly get stale, often within hours).
Even before the lead gen work was done this change made a significant difference in sales volume. As much as I believe in the power of online marketing, the power of great service is far more important. Put the two together and things will explode.