The Two Essential Elements for Online Marketing Success

by Eric Tsai

Much has been written about Internet marketing strategies and how marketers can leverage techniques to get the desire outcome. What isn’t discussed enough, at least from my perspective, is the need to go beyond techniques, tools and analysis to get a long-term sustainable ROI (return on investment).

To be success in Internet marketing, you need to have the ability to see the big picture strategically and zoom in to the details tactically with your execution.

It’s what Steven Schussler calls the “helicopter view,” so you gain enough mental altitude to see the overall objectives while still be able to descend, hover, and see the details, too.

Sustainable ROI goes back to the roots of direct marketing and direct marketing focuses on measuring, iterating and never stop testing.

But where do you start and how do you know what you’re doing is right?

Well, I’m going to share some tips that have guided me for years.

Understand Significance vs Success

The key to online marketing success isn’t just about getting the ROI, increase conversion rates or fascinating content that gets viral social media sharing.

It’s your ability to identify the significance and success of what you do.

Let’s get into more details here.

Significance: This is about making the most impact with what you can do. This is also an area where you select the weapon of your choice whether it’s SEO, email marketing, social media, paid search (PPC) or content marketing.

Think in terms of how to get the most value out of the tactics you choose with the least effort. This requires you to further question your objectives and dig deeper to ask the question why and how.

Success: This is about achieving your goals. Sustain high ROI in PPC, be on the first page of Google organically, receive thousands or retweets and Facebook likes and finally delivering the sales target for the month.

It’s the satisfying aspect of your marketing that keeps you going and bringing you money. It’s also a confidence booster to keep measuring and testing your hypothesis.

You know you’re doing something right to attract the audience you want and your strategy is working.

Not only does this give you more motivation to be even more successful, it also aids in elevating your credibility and authority as a marketer.

Find what’s significant

Many marketers and business owners are used to the way they approach their business that often they forget business is a living, breathing thing. It requires constant innovation to develop a business model that’s sustainable for the short-term.

I’d argue that the same applies to marketing strategies.

The point is that when you do marketing, you should keep questioning yourself on what’s important and why.

Perhaps you have a goal to increase traffic by 200% but how significant is that to the business?

Does more sales equates to more profits?

How do you gain top line profits?

Are repeat customers buying high volume, low margin items?

The point is that you need to translate the value of your marketing objectives to a long-term business value. It’s not just about translating web and social analytics to business data. It’s looking at for both short-term and long-term impact of your actions.

How does social media fit into my media acquisition strategy?

What does the number of Twitter followers, Facebook fans, RSS subscribers mean to a brand?

How will it change in 3 years? 5 years?

Clarity matters but more importantly, it’s about developing a framework around the strategy you’ve developed to achieve business goals for the long run.

Define meaningful success

It’s true that you can get clients with a proven ROI, to the point that it becomes your marketing (reputation is marketing).

But ROI is really only half of the story.

The truth of the matter is, you can’t have really good ROI without really good data. And since businesses are using data as the top performance metric, it’s really important to know what to measure and how to measure success with data.

Why? Because there is an oversupply of data and there is a growing demand in manipulating and extracting meaning from large data sets. We simply don’t realize just how fast and how much data is being created that may help us make better business decisions.

Simply put, you need to define meaningful wins and back it up with data that supports your success.

In fact, I couldn’t agree more with the statement “data is the plastic of the 21st century” made by Om Malik of GigaOm said during the Structure Big Data Conference.

Business models evolve with human behaviors so why wouldn’t KPI (key performance indicators) evolve too?

This is especially true with disruptive technology that creates the perfect storm like the one we have now with social, search, mobile and cloud computing.

And to keep up with these changing landscape you need evidences to support your decisions.

The take away: If you find that your Internet marketing strategy isn’t delivering the result you want, maybe it’s time to go deeper to identify meaningful success and tie-ins that are significant.

Don’t be satisfy with the data you have on hand; simply look for new ways to access data that can help you define success once you understand what’s significant.

Check and see if the strategy fits the objective by examining the business from both high-level and granular-level to ensure your success is truly success

Although online marketing will depend on these two critical elements, it’s also important to know that this applies to our lives as well.

As Michael Josephson of Character Counts, also talked about the difference between success and significance.
He says,

Why is it that as they get older, highly accomplished people often feel a need to measure their lives more in terms of the impact they have rather than by what they have?

Management guru Peter Drucker called this the shift from success to significance. Success is achieving your goals; significance is having a lasting positive impact on the lives of others.

The irony is that living a life focused on the pursuit of significance is more personally gratifying than one devoted to climbing the ladder of success.

As author Stephen Covey warns, it’s no good climbing to the top of a ladder that’s leaning against the wrong wall. Not many people say on their deathbed, “I wish I’d spent more time at the office.”…

Success can produce pleasure, but only significance can generate fulfillment.

I encourage you to go deeper to define your win (beyond profits) on the meaning of success and significance for your online marketing strategy.

3 Steps to Getting More Traffic and Higher Conversions

by Eric Tsai

3 Steps to Getting More Traffic and Higher Conversions

If you had to pick between getting tons of traffic or having a high conversion rate, which one would you pick?

Most marketers churn out content for SEO rankings, build backlinks for offsite optimization and may even invest in PPC at some point.

Whether your objective is to get people to buy, opt in to your list or download your content, you need to understand the significance of both.

All traffics are not created equal

It’s surprising to me when I hear business owners and bloggers ask the question, “how do I get more traffic?”

Sure, traffic is important and with lots of traffic you won’t need a high conversion rate. It becomes a numbers game.

On the other hand high conversion says you’re selling to the right people at the right time at the right place. It’s how well you’re able to connect with your customer.

So why can’t you do both?

That’s precisely what successful businesses do when it comes to Internet marketing. They drive highly targeted traffic to relevant content that leads to rapid conversions.

So how do you go about getting quality traffic? Simple, here is a three step process to get you started.

1. Start with the right expectations

The art of getting traffic goes back to the roots of direct response marketing.

Specially the why, who, what where and how of your target. It’s often referred to as the Five W’s and one H. You can see an example of this concept in the post Social Media Science: The Five W’s of Twitter Marketing.

In the case of traffic you need to start by asking the right question that solves the right problem.

It’s like going to the doctor’s office when you’re sick and you expect the doctor to ask you how you feel not what your favorite TV show is.

Pinpoint the right problem is how you can make meaningful assumptions to achieve your desire outcome. This calls for a bit of critical thinking.

Getting on the first page of Google won’t mean much if you don’t get any clicks. After all there are a bunch of ads all around it fighting for attention and clicks.

Here are some questions you need to consider to get started:

  • Why would someone click on it? (you’re not the only one with relevant title)
  • Who should click on it? (are you talking to the right prospects?)
  • What would clicking on your link do for them? (what do they really want?)
  • Where does the link take them? (what click path are they on? What are the options?)
  • How would you maintain a visitor’s interest? (how do you stay relevant?)

These questions serve as the foundation to help you identify your main objective of getting traffic: What’s the desire outcome?

Think holistically. Then think specifically.

What is the end goal that you have in mind? In other words, you need to have a real, tangible result in mind.

You want sales? Great, how much sales? From where? When?

How would those statistics stack up again what’s going on now?

By setting the proper expectations you get altitude on what matters in your pursuit to traffic. It brings clarity to how your traffic generation tactics fit into the overall strategy.

Then it all comes down to executing and measuring the effectiveness of each tactic you employ.

2. Convince people with compelling content

Measuring results is hard to do and often the results will manifest themselves into insights other than the website. This is why you need to realize that traffics are actually people.

And people want to be treated like a human being regardless of what campaign you run. At some point you will need to use a combination of words and images to grab attention and understand the psychology of your customers.

People often think they know what they need, but they don’t take action to fulfill those needs because they simply can’t justify the benefits of buying.

Why buy this now? Why should I buy it from you?

Aim for emotions that matters to people. People are more likely to buy from those they trust and like so show them who you are.

What are your values? Bring some social proof and authority but also show your personality. Be human.

Once you establish some level of rapport, you need to make sure that they “get” the immediate impact that you can make going forward.

You can do that by showing them why they need what you have right now using effective content and marketing strategies.

3. Measuring performance and results

It you sell stuff online it’s relatively easy to assess whether things are working or not. You can get to the bottom line with total sales, orders and customers or you can use metrics like the conversion rate to give you a sense of how effective the site is in turning visitors to customers.

That’s measuring results.

But if you run non-transactional websites, you need to have a different perspective to measure your return on investment. Specifically you will need to look at the activities that happen on the site.

This is measuring performance.

These are probably the best way to gauge your conversion rate which requires a level of scientific assumptions.

  • Does the number of visits have an impact on the awareness of the campaign?
  • How does pages views relate to the amount of information being consumed?
  • How many people took the action that you’ve put in place? Such as download a PDF content or request for moreinformation via a contact form.
  • Where are people “going” on your site? You can craete a visual of your visitor’s click path by using Google Analytics content Drilldown and In-Page analytics

Basically you can make some pretty reasonable assumptions using web analytics system, but it simply can’t tell you exactly what the visitors ended up doing at the end.

This is why it’s important to measure results not just performance. Results bring you insights that will tell you more about your target audience than your website.

It therefore requires a lot of thinking and coming up with the right hypothesis for testing.

Free vs paid tactics

Most of us don’t know what we don’t know that’s how we end up wasting hours on tactics that will never work.

This is especially true when it comes to implementing your traffic generation strategies.

Here are some “free” tactics to get traffic:

  • Submit your site to search engines, content directories, news sites, social bookmarking sites, RSS aggregators and share them on social networks
  • Publish quality content (articles, videos, podcasts, infographics) that embeds the keywords you want to rank in mind
  • Guest post on blogs in your niche area that ranks high, you can start with Google contextual search
  • Comment on other people’s blog by elevating the conversation not spamming with your links
  • Start conversations in social media and make sure you include links to your website on your profile page. You can start by answering questions on Linked or respond on Twitter
  • Build an email list if you don’t already have one and direct them to your web properties
  • Sign up for HARO and participate
  • Submit content to free press release websites, check out this list of paid and free ones
  • Include links in your outbound documents to clients such as invoices, postcards, RFPs, reports, make it fun and interesting (has to be done tastefully)

Although those are considered free tactics, they may not be free if you don’t get the results you want. And don’t forget your time isn’t free!

Now here are the no so free tactics:

  • Advertise on websites where your target audience visits the most (e-publications, web portals, forums or blogs), this can be in the form of banners, sponsored content, endorsed links or joint venture promotions
  • Contribute (recycle) content to partners, affiliates and complimentary products (make sure you arm them with tools to market your name)
  • Sponsor events or better yet start one, even a Twitter chat is a start
  • The good’o pay-per-click on Google still works but also checkout Bing and Facebook, both have less competition and spam
  • Hire writers and bloggers to help you create content using services such as Junta42 or use the Problogger job board
  • Join a paid networking group both online or offline, you can find some via Ning or Meetup
  • Submit content to paid press release website, check out this list of paid and free ones
  • Publish an eBook, write a report (whitepaper) or webinar
  • Start a giveaway

The take away: As I write this I know there are new ways to get traffic such as hiring people on Fiverr to fabricate you arbitrary social proof.

Just remember that black hat tricks such as the ones BMW and JC Penney did will ultimately hurt you in the long run.

So be honest with what’s working and what isn’t, what was smoking mirror and what wasn’t. Keep doing what’s working and stop doing what’s not. Done right, getting traffic is a lot like selling water in the desert.

Remember, the quality of your traffic has a direct impact in the rate of your conversion.

Not only will you need to understand why they’re here, you need to be able to convince them to take the action you want them to take.

So stop focusing on obtaining large amount of unqualified traffic.

Instead focus on collecting and profiling your prospects and customers. There is no excuse now with all the advance tools you can profile just about anyone using a combination of social CRM and behavior targeting techniques.