Showing posts with label online marketing. Show all posts
Showing posts with label online marketing. Show all posts

Thursday, February 10, 2011

Do you need more traffic or just more of the right traffic?


Often start-ups and small businesses evaluate their web site based on a few key metrics: 
Traffic
Time on Site
Bounce Rate
and of course Conversion.

These are all good metrics to use to understand the quality and quantity of your web site traffic and the performance of your web site.  But which one is most important?  The answer often depends on the goals of the company or organization.   For almost every brand though, Conversion is the primary focus. 

And that's great, but remember that in its simplest form Conversion is made up of two variables:  # of visitors and # of converted visitors.  The reason I bring this up is because many marketing managers and CEOs focus on the second variable.  I encourage you to always be evaluating your traffic-driving techniques in terms of driving qualified traffic only, and really work to actually bring the first number (# of visitors) down.

Down?

Yes.  More traffic is not always better. In fact, more can be worse because it costs your more in terms of advertising and customer service. It essentially drives up your overall marketing cost of customer acquisition and drives down your conversion rate. 

Drive qualified traffic by refining your advertising and outbound marketing efforts to engage your target audience as best as possible.  It takes more work up front to find the right sites, keywords,  etc., but it will pay you back in form of lower costs and a better-performing site.

Need help evaluating your marketing programs or web site?  Email me.

Tuesday, February 1, 2011

Free E-Book on Real Time Marketing & PR

Check out David Meerman Scott's newest free e-book on real time marketing.

From the book:

"As financial market players know, advantage comes from reacting to news first. The same thing is true for all companies. When you start the conversation, you are recognized as someone who is plugged into the marketplace of ideas. If you talk about an idea early, you naturally get more exposure because the threads of conversation stem from what you have said. If you’re in late you get lost in the cacophony.

With a new product, if you get first to market in a hot category, your initial momentum may give you an
advantage for many years. If you’re an early adopter on a social media platform, you build a larger following
than those who join later. If you’re first to engage the market, people notice and your offering gains valuable
attention. If you react early and connect with customers as their concerns arise, they see you as thoughtful
and caring."