vcg-hba-advanced-online-strategies-a
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Advanced Online Marketing Strategies for Small Business
Facilitated by Derrick B. Webster President & CEOVanguarde Consulting Group NYC
www.vanguardenyc.com
In‐front Strategies for Online Profits and Sustainability
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Marketing: DefinitionsAmerican Marketing Association: “Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.”*
“Marketing is communicating value (to) customers,
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Speed to Revenue Speed to Profits
Speed to Cash Flow
‐Cathedral Consulting Groupwww.cathedralconsulting.com
Key Business Objectives
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Speed to Revenueà ConversionHow to Turn Online Prospects Into Clients
Speed to Profitsà ROMI
Achieving Return On Marketing Investment
Speed to Cash Flowà Recurring Revenue Developing Brand Loyalty Through Added Value
Areas of Optimization
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• Website• E‐mail Blasts • Banner Advertising• Rich Or Interactive Media• Online Classified Advertising• Search Engine Optimization • Mobile Web Marketing• Social Media
Key Online Marketing Platforms
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The 4C’s of Effective Online Marketing
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CredibilityNeeds to be built throughout a website or online campaign. Credibility is established when the potential customer is comfortable that you are a real trustworthy business.
ContentThe most important part of online marketing. Without great, high‐value content your customers are looking
for, you’ll have a hard time gaining success.
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CustomerHaving a customer‐focused layout and design is paramount to retaining the elusive online prospect. Firms must use internet technologies to cater to the on‐demand expectation of the millennium customer
Conversion Presents the all‐important “Call‐To‐Action” for all your online leads. This involves the organization for your site to move visitors from prospects to paying customers.
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• Open Rate ‐ How many users open an HTML email
• Click‐Thru‐rate; Click Rate ‐ How many users click on the link in a banner/video ad or email
• Conversion rate ‐ How many of the users who click end up take the action you requested (i.e. purchasing a product)
• Response Rate ‐ How many users who receive the email or online marketing prompt ended up taking the action you requested
Online Conversion Metrics
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Key Online Marketing Platforms
• Websites are a useful way to
deliver important messages to
customers about your products
and services and is central to a
businesses overall marketing
effort
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CONTENT/CUSTOMER: • Web Graphics/(Icons; Royalty Free
Images);• Compelling Web Copy; “Call‐To‐Action”
(Eg. Buy Now!”); • Fresh Updates through RSS FEEDS, Or
Regular Maintenance. • Member Forums/Secure Logins to
Access Personal Data
Key Online Marketing Platforms
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Key Online Marketing Platforms
VIDEO MEDIA:• :30 second ads performance typically
surpasses :15 second ads in CTR by 11%. • However with targeted the ads
specifically to the desired demographic
audience (as determined by the Advertiser’s
scenario, CTR for the :15 sec targeted video
ads increased by 110% as compared to the
:30 second untargeted ad, with a 29% lift in
video completion rates.
CONTENT (Cont.):
This study clearly shows the favorable link between ad relevancy and consumer’s brand engagement, and underscores the importance of placing the right ad in front of the right person.
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CREDIBILITY/CONVERSION: • Professional Design; Easy Navigation; The 4 & 7 Principle
Key Online Marketing Platforms
Call To ActionKeyword
Rich Header
Click‐To‐Call Feature
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CREDIBILITY/CONVERSION (Cont.): Key Online Marketing Platforms
CLICK‐TO‐CALL INDUSTRY STATISTICS • 20‐30% Reduction of website abandonment on web‐pages• 25‐35% Inbound Inquiry increase that provides • 45% increase of online revenue that Jupiter Research has
found that companies can achieve by deploying click‐to‐talk
services • 88%‐Of Click‐to‐Talk Users state they are more likely to
contact companies that provide click‐to‐talk‐services that do
not. • KEY RESOURCE: GOOGLE.COM/VOICE
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Online Marketing - Website
Goals • Attract target market members to
website• Cause target market members to take
intended actions Costs • Creation costs range from a few dollars
for a domain name to many thousands of dollars depending upon functionality, number of screens, image/visual content, navigation, shopping cart requirements, etc.
Uses • Provide information, direct sale of
merchandise, branding tool, collect names for building customer base
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Online Marketing - Website
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Elements:• Domain name• Homepage• Landing pages • Forms • Images • Audio capability• Copy• Interactive capability• Demonstrations • Links • Banners
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Online Marketing - Website
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How do you know who is visiting? Free programs like Google Analytics can tell you how many people are visiting your website, what pages they are looking at and where they are coming from:
www.google.com/analytics Metrics to consider
• Number of unique visitors • Number of target market member visits • Number of intended actions taken (completing forms, making
purchases) • Percent of visitors that take intended actions • Percent of target market member visitors that take intended actions
You can use this information to target advertising and optimize content
Measuring Online Marketing Success
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A banner ad is a third party advertisement that usually appears in a box at the top of a website.• This is the website equivalent of an ad in print media• Similar to print, ads can be inexpensive or expensive depending on where you choose to advertise. • Banner ads attempt to get visitors on a website to click to be taken to a landing page on the third party’s website• According to information in marketing trade publications, banner advertising is not very effective tool for generating web traffic
Internet Marketing – Banner AdvertisingOnline Marketing – Banner Advertising
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Internet Marketing – Mobile Marketing
Why Do We Need A Mobile Web Strategy?
• Mobile marketing is a fast, effective, inexpensive and cutting‐edge marketing strategy, offering businesses a variety of new ways to reach customers through the one thing they never leave home without: their technology.
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• There are four mobile phones to every PC in the world, and they are increasingly being used to look for businesses on the Web;
• It's estimated that 60% of consumers worldwide have access to the internet via their mobile phone;
• Web traffic from mobile devices increased 110% in North America and 148% globally in the past year alone;
• Studies show that a mobile‐friendly site creates an overall traffic increase of 13%;
• Of the mobile users that have a bad experience when they visit a website (e.g. difficult navigation because the site isn't optimized for mobile browsers) 61% will not go back to the site.
Internet Marketing – Mobile Marketing
Why Do We Need A Mobile Web Strategy?
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• Which age group scans QR Codes most frequently? Although people across all different age groups are using QR Codes, people ages 35‐44 are scanning QR Codes the most.
• Does gender influence who scans QR Codes? The Mobio study shows that 64% of QR Codes were scanned by females
Internet Marketing – Mobile Marketing
QR Code Statistics
• Why are people scanning QR Codes? 87% of people are scanning QR Codes to get additional product information.
• Which smartphone platform scans more QR Codes? 68% iPhone compared to 26%
Android• Growth? Studies showed a 1,200% growth in the scanning of QR Codes over the last 6
months of 2010.
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Thank you for attending today's Advanced Online Marketing Strategies Presentation!
If you would like more information on upcoming courses, conference
events, and or other resources for your business please visit the following online destinations:
Vanguarde Consulting Group Home:vanguardenyc.com
Vanguarde Mobile Application‐Site:m.vanguardenyc.com
Vanguarde Online Classroom @ Grovo:grovo.com/vanguardenyc
Twitter:twitter.com/vanguardenyc
Thank You!
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Extended Learning Opportunities
http://www.grovo.com/vanguardenyc
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Extended Learning Opportunities
*Stay tuned for Vanguarde Consulting Group’s upcoming “STEP FORWARD” Conference Events—delivering more innovations for accelerating small business growth. Follow us on Twitter: @vanguardenyc Or visit: http://vanguardenyc.com/stepforward.html
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Mobile Marketing Development