What Can Digital Marketers Learn from Moneyball?

Did you see the movie Moneyball yet?  Billy Beane changes the game of baseball by using data.  And the same trends have been happening in the digital marketing arena for just as long.  

According to leading web analytics guru Avinash Kaushik, many large organizations still practice online marketing as a faith-based initiative – that is, they place their trust in intuition, bad data, and inefficient indicators when making strategic decisions.  Unfortunately, the use of weak metrics like clicks and page views often makes web analytics results look more impressive or meaningful than they actually are.  This allows managers to feel comfortable and content with their marketing decisions, without digging deeper to determine if their efforts are actually yielding useful results.  We think those types of metrics are generally ineffective.  We call them “caveman analytics”.  read more

10 Most Common Web Analytics Mistakes

So you want to know the most frequent questions I get about web analytics and online marketing? I’ve tried to present them here and answer a few of them so maybe I can save you, my clients and future prospects some time so we can get onto executing profitable campaigns.

1) Free analytics are good for my business and are just as good as paid ones

Coremetrics Platform offers more than Google Analytics

First, let me say, I like Google Analytics and Yahoo’s Analytics solutions. But Google Analytics was built for Google. It serves their interest, not yours.

This might be the most common myth out there, and possibly one of the most dangerous. First and foremost, to directly dispel this rumor, the truth is that enterprise analytics solutions offer levels of detail and capabilities that free solutions such as Google Analytics don’t. Although free solutions can be hacked to a certain extent to extend their capabilities, at the end of the day they fall far short of the paid solutions in providing meaningful reports to a diversified group of stakeholders. If for example you had any interest in tracking the video drop off rates, or immediately integrating custom analytics events, records or values with a recommendations engines, you can’t.

The Omniture Online Marketing Suite offers a platform to manage the online marketing discipline for sophisticated digital marketers.

Beyond capabilities alone, you also get a lot of important side benefits as well. First amongst them is accountability and support. With free solutions you’re not paying for anything, so you get a community of blogs and consultants, which we belong to actually. If you’re paying for a solution, and if for any reason it has a problem, we’ve got help from the analytics provider to get the job done.

With paid solutions you own your data and can integrate it seamlessly with PPC bid management platforms, multi-variate testing platforms, and a host of other add-ons and integrations like Salesforce, NetSuite, SugarCRM, email marketing solutions, ad-server networks and more.

The future of analytics is in an analytics suite approach, not in point solutions. Of course, if you want to own your own data from Google Analytics, they offer a license to purchase Urchin for approximately $3,400 (the company that Google acquired in 2004 that is today known as Google Analytics). The future of analytics isn’t more data, but instead the ability to act upon that data in an a fast, efficient, and measurable way. Free solutions will never offer the level of integrated optimization that paid solutions do, and due to the great competitive advantage that such features offer, a business should be wary of the risk that going “free” might entail. Bottom line: If your business relies on the internet, you should investigate using a paid analytics platform. I have seen cases where the answer is to stay on a free solution, but more often than not, it’s time to increase conversions and there’s too much at stake to penny pinch.

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Defining an Online Marketing Strategy and Roadmap

Check out our latest video developed to assist Internet Marketers in developing an integrated and cohesive digital marketing strategy.

Please let us know you’re feedback, we’re launching a series of theses and would love to hear what you think.

CPG Creative Best Practices Online: Driving Breakthrough and Persuasion

This is a re-print from Yahoo! blog entry and I’ve injected comments throughout.  I’ve recently had an opportunity to speak with several Consumer Packaged Goods companies, some large, some small and in just about every case was curious about why the industry at large struggles with the development of digital strategy and implementation when they are so advanced in their execution of traditional media.

This research from Ipsos OTX and Yahoo! was terrific and really offered some insights into the product life stage relative to the marketing objectives.  My intuition is that many of these practices will work for e-commerce sites as well.  read more

Tips For Targeting Latinos Online: New at #SESNY

Day 2 at #SESNY kicked off with a groundbreaking keynote. But wait. Let’s rewind. Earlier this month, I had the pleasure of interviewing Paul Lima of Lima Consulting on the topic of Digital Marketing To Latino Users. The Q&A was an eye-opening peek at the opportunity represented by the growing online Hispanic market, and a serious appeteaser to the inaugural launch of the Focus Latino track at Search Engine Strategies New York.

The keynote was introduced & moderated by Mike Grehan, Chair SES Advisory Board, Global VP Content, SES/Search Engine Watch/ClickZ, Carlos Vassallo, CEO, LatinVision Media Inc., Carlos Manzano, Executive Director, Latin Media & Entertainment Commission, City of NY, and Paul Lima himself. Mark López , Head of U.S. Hispanic Audience, Google, took the stage for the main event, which was jam-packed with awesome stats about Latino users. Oodles of them live below the fold, in addition to a hearty helping of takeaways from the follow-up session, Reaching Latinos through SEO, presented by Rafael E. Hernandez, Sales Manager, AudienceScience and Matias Perel, Founder and CEO, Latin3. aimClear live-tweeted both of these fascinating sessions. Read on for the goodies.

Mind-Blowing Stats, Brian-Nuggets  & Best Practices
Mike, Carlos V. & Carlos M, Paul, and Mark took turns sharing a slew of stats & targeting tips regarding the Hispanic Market. (Rad full write up in Bruce Clay Blog.) Here’s a sample platter of the main attractions:

• The U.S. Hispanic market is a $1 trillion market! That cannot be ignored.
• New York City has the most diverse Hispanic population than any other city in the U.S.
• By 2040, it’s predicted that 100% of the U.S. Hispanic market will be online. Searching, socializing, etc.
• There is no real divide between online & offline engagement. Online engagement, video & mobile usage is on par with the overall market.
• 53% of Hispanics use the Internet for shopping (searching to learn more about brands, find products,purchase products, etc.)
• Search prompts action, meaning search generates distinct offline action for U.S. Hispanic advertisers
• TV is an effective trigger for search – 78% of Hispanics have used search engine to find more info about something they saw on TV.
• U.S. Hispanics are Googlers! 93% of Hispanics use Google as their primary search engine.
• Mobile search drives store traffic. 1 in 3 mobile search queries have local intent.
• 15% of iPhone apps are local-based
• 24% iPhone users are Hispanic (they rely on mobile to stay connected with friends & family)
• Mobile is already an important component in the purchase funnel. 40% of Hispanics compare prices & find retailers via smartphones.
• Search dominates smartphone usage.70% of Hispanics use smartphones to search– in other words, search engines are most popular sites they visit.
• 8% of queries entered in Google today are in Spanish. This opens a huge pot of inventory that many companies haven’t tapped into yet.
• Regarding Spanish keywords vs. English keywords — there’s a substantial discount for Spanish KWs.
• 80% of Spanish KW queries are done in the English Interface of Google. This suggests bilingual users, who can be targeted by both Spanish & English KWs. #Winning

Mark Lopez, Head of US Hispanic Audience for Google presents with Mike Grehan, Head of Content Development for Incisive Media, the SES conference organizers, and Paul Lima, CEO of Lima Consulting Group and Carlos Vassallo, CEO of LatinVision Media

Best practices:

• Develop search capabilities for this market. You have to test your creative across languages. Keywords, images, copy– what you serve to English-speaking users may not resonate with Spanish-speaking users.
• Have an “Always On” strategy for search. Your target audience is searching 24/7.
• Make your offline marketing strategy a digital one. Ensure you are present as users search for their favorite offline content (such as TV shows).
• Extend to mobile search. It’s there, & it’s growing! Hispanics rely more heavily on their mobile devices.

Reaching Latinos through SEO
The following session focused more on SEO, and ways to optimize your site for Hispanic searchers. Rafael was up first, reiterating that Google has 72% of search traffic in Latin America. If Latinos are a part of your target audience, Google should factor into your SEO tactics.

Another significant tactic Rafael touched upon the importance of understanding how your audiences describes you; your business, brand, products, services, etc. What are the keywords they use to find you? Those are the keywords you should use to advise your SEO strategy. And, newsflash– they might not be the words you use to describe yourself.

Where to find keyword ideas:

• Your own content
• Your Analytics (high quality terms driving small traffic? low-hanging fruit!)
• Your competitors’ pages
• Your PPC data

Discover what’s working, and use it!

Matias took the stage next, set to dig deeper into Reaching Latinos through SEO.

Some stats:

• 30 mil U.S. Hispanics are online
• 89% search share in Latin America on Google
• 112 million Internet users in Latin America
• 6 million new web users in Brazil last year alone

Factors in SEO & Other Fascinating Takeaways

• Indexing - take note, is every page indexing?
• Contextualization (KEY in Latin America) – what’s the page about?
• Reputation is huge. Influences people to click, or… not.
• Think globally…. who owns your local domain? Use it!
• Sub-domains & sub-folders – separate your Spanish content from your English content. Avoid query string parameters /session variable.
• Language - how does your audience think & search online? How do they expect to find your content?
• Server - not the biggest deal, but having local IPs for your server can help add context to your site.
• Local links are more relevant, a better sign of trust & reputation to Hispanic users.
• The new social factor: social defined relevance. Sharing is the new linking! See how Google understands your social connections.
• As always, CONTENT IS KING. According to Matias, it’s also president & prime minister . The same rules apply. Create unique content worth sharing and linking.
• “Latinos love to share! Latinos love great content!” Leverage cool videos, infographics, thoughtful posts, incredible photos.

“Viva la diferencia!”
The biggest takeaway from this session (and perhaps the track in general)… Be mindful of the different ways Latinos say the same thing. Latinos have a lot in common – but every culture has some slight differences in how they express themselves. The same word (for example, “lightbulb”) can be expressed differently from Argentina, to Mexico, to Colombia. This is huge in terms of KW research and how you go about stemming. There are so many ways to say the same thing… within and between these cultures.

Thanks to all of the moderators & speakers for two terrific back-to-back sessions. These presentations certainly set the bar for future Focus Latino tracks to come. Stay tuned in aimClear Blog for more conference coverage– follow along with @beebow, @Matt_Peterson, @aimClear & @KJalivay for live-tweets straight from the floor.

SES New York 2011 Powerpoint Presentation

Social Media Guides for Corporations

I have recently been in discussions with a very large company about their social media guidelines.  Then, as a board member for the Wharton Alumni Association, I published yesterday our draft for the Wharton School for their Social Media handbook for how clubs, special interest groups and classes (think reunions) can use social media.  And then today, I see the US Army Social Media Handbook.

As a former US Army Officer I can tell you that the military has a very keen interest in leading in general.  And it should come as no suprise that they have taken an interest in leading the conversations about its mission (brand for “civilian speak”).  And some of the brightest minds in the Officer and Enlisted Corps are at the helm here (some of these guys looking at this were Rhodes Scholar candidates).