Tuesday, 30 April 2019

Transcript of How Reducing Friction Increases Revenue

Transcript of How Reducing Friction Increases Revenue written by John Jantsch read more at Duct Tape Marketing

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John Jantsch: This episode of the Duct Tape Marketing Podcast is brought to you by SEMrush. It is our go-to SEO tool for doing audits, for tracking position and ranking, for really getting ideas on how to get more organic traffic for our clients competitive intelligence, back links and things like that. All the important SEO tools that you need for paid traffic, social media, PR, and of course SEO. Check it out at semrush.com/partner/ducttapemarketing, and we’ll have that in the show notes.

John Jantsch: Hello and welcome to another episode of the duct tape marketing podcast. This is John Jantsch and my guest today is Roger Dooley. He is the founder of Dooley Direct. He’s an author and keynote speaker and he’s got a new book called Friction: The Untapped Force That Can be Your Most Powerful Advantage. So Roger, thanks for joining me.

Roger Dooley: Well, thanks for having me on, John. I’m excited.

John Jantsch:  Let’s start with friction. The word friction, I mean for a lot of people that’s kind of a bad thing. I mean, friction in science is … causes drag, friction in business makes it hard to buy. You’re proposing that it is somehow and advantage.

Roger Dooley: Well if you … it is usually a bad thing, but that means that if you can eliminate it, you will have an advantage over your competition. I mean if you look at what Amazon has accomplished in the last 20 years, much of that has been by reducing friction. Back in 1997, Jeff Bezos was talking about frictionless shopping when most companies were just thinking about getting serious about being online. And throughout the years he’s made that just a point of relentless emphasis. Even things like packaging. About 10 years ago they saw the customers were struggling with these packages. Like if you go to Walmart, buy a product, it’s probably in one of these plastic blister packs. But you see the product and they look nice, they prevent theft because they’re hard to put in your pocket and walk away with, but they’re difficult to open. You may need tools, you may injure yourself by stabbing yourself with sharp plastic. And so they said, “Hey, we can eliminate that.” And they created frustration free packaging. And not only did people like the packaging, the reviews on those products improved. They had 73% fewer negative comments just from that change in packaging. And so eliminating friction can be a big competitive advantage. It isn’t just big companies because often big companies are the slowest to respond. So a smaller company that sees how they can make things a little bit easier for their customers can get that advantage.

John Jantsch: Yeah. And I must admit that my wife will be reading a magazine and she’ll say, “We should get this and,” and it says the website and all that stuff, and I go straight to Amazon and see if they have it because I know it’s going to be really easy for me to get it.

Roger Dooley: Well you and me both. John, just a few years ago, my loyalty to Amazon was tested because up to that point, in Texas, they were not charging sales tax. Then they worked a deal with the state where they would be charging sales tax, which meant that all of my Amazon purchases immediately had an 8% price increase. And I assumed that my behavior would change because of that. In fact, it changed almost not at all. And because of what you’re saying. It’s just so easy, why would I want to go someplace else, deal with setting up an account to have some sort of uncertain shipping process where they say it’s going to be seven to 10 days and … when I know with one click I can get it from Amazon and it’s going to be my doorstep 48 hours later without fail.

John Jantsch: So you mentioned the bigger companies, it’s harder. Some of that can just be the practical nature of making change is harder period. But do you think it has anything to do with that a lot of times friction is felt by a customer, but not necessarily expressed? They may not even realize that their shopping cart is hard to operate.

Roger Dooley: Right. Well, many times customers can’t articulate that there is a problem. It’s only when they see somebody doing it better. I mean, look at the taxi industry. For pretty much our entire lives, we dealt with taxis as something that was a pretty good way to get around, generally better than the bus or the subway and worked reasonably well. And it wasn’t until Uber came along and showed us how every element of that process was full of friction from getting the cab in the first place to getting out of it and paying. They eliminated all that and suddenly it’s like, wow, none of us really saw that before, but now we could. So yeah, I think what businesses have to do, whether they’re large or small, is kind of look at their processes from a third party point of view. Instead of saying, “Well, this is how it’s always been done,” or “This is how our competitors do it and we’re actually a little bit better than our competitors,” for one, you have to compare yourself to Amazon and to Uber and say, “Okay, is my experience as good as theirs? And if not, can I move my experience in that direction?”

Roger Dooley: So it’s just important to focus and also to observe customers. I bet you’ve had the same happen, John. You’re on a website or you’re trying to accomplish something and you just can’t figure out what to do. And you’re wondering, did the people who created this website or this app ever actually watch somebody try and go through it for the first time? Because you’re perplexed and you’re struggling and you’re clicking stuff. And I think the answer is in many cases, they have not watched users go through it. They have an idea of what the users or customers want, or will do, or how they’ll behave, but they haven’t actually watched them doing it. And that’s so critical.

John Jantsch: And I think the one thing that a lot of people underestimate too is that … if you used the taxi example. I mean you and I just tolerated it. We didn’t like it, but we didn’t necessarily think we had a choice or that it was even a problem per se. It was just the way the world is. And I think when you watch, what happens a lot of times is that next generation comes along and goes, “This is nuts.” We’ve been doing it, so that’s all we know. But they’re new to it and all of a sudden they’re like, “Why would anybody do this?” I have millennial age children that are so funny to watch how little they will tolerate from a website because they just, that’s not how they feel like the world should work. And they’ll go find somebody who gets it. I mean, because they don’t have that same sort of loyalty, I guess is what I’m getting at.

Roger Dooley: Right. Well, it’s not even so much loyalty. It’s that they realize how simple and powerful experiences can be. I think a good example of businesses that really don’t get it are cable providers. I have an internet cable provider and I have a satellite TV provider and they both kind of fall into that category of not getting it, making their experience really high friction. On Amazon, I can look at anything I bought in, I don’t know, 10 years, 12 years, beats me. I can go back as long as I want and see every order I’ve placed. On my Internet provider, I can only go back six months. So when I go to do my tax and say, “Okay, well I need those bills for that purpose,” then it’s not there. And you say, well why would a business design an interface that would only let me look at the last six months? Now that makes no sense. But unfortunately businesses say, “Well, hey, why would a customer want that, or we’ve done it this way, it’s been fine.” And they don’t have necessarily anybody that’s forcing them to do it any better.

John Jantsch: Yeah. And that’s actually a great feature of Amazon though. Have you ever done this? You buy a book and they go, “Whoa, you know, you bought this book two years ago,” and I go, “Oh, okay. So it’s on my Kindle. Nevermind.”

Roger Dooley:  Yes. I personally have never had that experience, John. But I have heard from people who have. It happens to me all the time saying, “Ah, book looks interesting,” and “Oh, damn, I bought that, I’ve got it on my shelf somewhere. I better go find it.” Yeah, it’s great. And I think that is an example too of a business that is putting its customers in the forefront because there are certainly some businesses out there would say, “Ha, that jerk just bought that for the second time.” Where Amazon wants you to have a good experience and they know that eventually you might discover that you bought it once, you already had it, and either you’re going to return it or you’re going to feel stupid because you have two copies now and they help you prevent that.

John Jantsch: And I think you just touched on where this starts, right? It’s not just about how can we make this website faster, easier to use. I mean it really kind of starts with what you just said. How can we make sure that our customers are having a great experience? I mean that’s what sort of turns you into the detective to go looking for this stuff, isn’t it?

Roger Dooley: Yeah. And I think just jumping back to taxis, if somebody had just, say taken a video of the taxi experience, you could look at the particularly, I don’t know, I’m sure you get to Europe occasionally and like to pay for taxis by credit card there. If I have to take a taxi and … because Uber isn’t available because it’s illegal or something. And inevitably what you see is the driver first saying the machine’s broken. And then you say, “No, I don’t have any cash.” So you got to use that. And so, okay, they reach under the seat, they pull out this a clunky machine trying to establish an Internet connection, get your card, wait for the thing to print out. And then they’ve got to print out and sign it and they’ve got to reenter it. It’s this horrible process that takes minutes. And if someone just looked at that, they could say, “Well, can I imagine a way in a perfect universe where I could eliminate this?” And it wouldn’t be that difficult to come up with multiple ways of eliminating that process, but it took this really disruptive company to come along and actually do it.

John Jantsch: And I suspect because you pay attention to this stuff that I can envision you across the counter from a young clerk who has a very … a process that is riddled with friction and doesn’t make any sense to anybody. And you point it out to them and they say, “Well that’s the way we do it here. Or that’s how we’ve always done it here.”

Roger Dooley:  Yeah. Or they say, “Yeah, no kidding. We’ve complained about this, but they won’t do anything about it.” More often than not, people inside the company can identify it as friction, but they are unable to get it fixed. And to me the important thing is that businesses develop a friction aware culture so that their employees are sensitized to look forward in the customer experience. But even in their own experience, because oh, there is a huge amount of money, in fact there was a Harvard Business Review article that estimated that $3 trillion a year is wasted in US businesses by what they called organizational drag. Used the word drag just in the intro. And organizational drag is what they call all the time that’s wasted by bad processes, dealing with email that you shouldn’t have to deal with, meetings that served no purpose, or all this waste of time in organizations is a $3 trillion problem. And so businesses that develop this friction awareness will not only improve their customer experience, but they’ll improve their internal experience. And that’s great because the team members themselves do not enjoy wasting your time. They’ll be more engaged if they feel they’re working on stuff that is important or is helping a customer, as opposed to doing stuff that is really serving no purpose other than the fact that they’ve got to do it.

John Jantsch: Yeah, I read a survey, this is going back at least a decade, maybe longer, and it was a giant Gallup survey talking about what made people happy at work. And you would think it would be that they felt challenged and they were paid well, and the number one thing was that they had the tools that allowed them to do the work effectively. So essentially, processes and equipment, and tools, and things are of part of that that causes friction, isn’t it?

Roger Dooley: Yeah. And there’s a lot of work that’s been done on work and motivation and having that work directed in a productive creative way is one key metric. Dan Ariely he did some really interesting work and wrote a short book called Payoff about that, but where they would have people assemble Legos under different conditions. In some cases, immediately after the person assembled the Lego, the experimenter would tear it apart in throw the pieces in the box. Needless to say, the people that had that experience were much less motivated to build more Legos even though there were being paid the same as folks where their creation was not destroyed.

John Jantsch: So you mentioned this friction awareness. I’m just trying to envision, how does, where does somebody go looking for it? Where does it hide, how did you … if I’m listening to this and I think, “Okay, I’m not aware of huge friction,” where do … how do I find it? How do I create this awareness culture?

Roger Dooley: Well, by reading the book for one, but no seriously John. I think that just looking for examples of it, becoming aware of it. It’s sort of like if there’s a background hum noise, which hopefully there isn’t in this recording, but you generally might not be aware of it. But if you listen for that background, how many say, “Oh yeah, okay it’s there.” And friction is kind of the same way because we become just sort of used to it, like that taxi experience and every other experience like that. But if we start looking at it from a more of an absolute point of view and imagining better ways, then we start seeing it. I found that just if I do a talk where I spend maybe 30 or 50 minutes talking about friction, just that exposure will get people for the rest of the day yelling friction when they encounter some difficulty in the hotel or the conference center, something where there’s a line or some form they have to fill out.

Roger Dooley: So it’s really just sort of sensitizing yourself and then once you start seeing it, it’s pretty hard to stop seeing it. Which is in some ways, is kind of bad because you cannot cure all the friction that you’re going to experience, especially when you’re simply the customer and someone else is controlling that. And it can get you, gets me at least, a little bit cranky at times.

John Jantsch: There’s a line from The Scarlet Letter by Nathaniel Hawthorne. I’m actually doing … my next project involves some of that literature. So that’s-

Roger Dooley: I was [crosstalk] going to say this is taken really literary turn [crosstalk]

John Jantsch: Yeah, I was going to say that that’s why this is right at hand and it was, “She had not known the wait until she felt the freedom.” And I think that really goes very directly to this. A lot of times we don’t realize how much we’re way down until we find this better way. And we were like, “Holy crap.”

Roger Dooley: Wow. I would have put that in the book, had I known that quote at the time, John, so I may still have to use that somehow. So thank you for that.

John Jantsch: And you talked about this thing actually called invisible friction.

Roger Dooley: Indeed. Not … to some degree, all friction can be a little bit invisible if we’re not looking for it. But there is another kind of cognitive friction where we … there’s no rational reason why something should be higher in friction, but it’s all in our brains. And it has to do with a concept called cognitive fluency, how easy it is for our brains to process something. And this affects our behavior in a few ways. If something is difficult to say or read, it seems more dangerous and risky. So when scientists ask people to rate the amusement park rides for how dangerous they were or risky, if they had a hard to say name, the exact same ride description was rated as to being more dangerous. Same thing for prescription drugs. Drugs that were hard to say were seen as more dangerous. But where the friction comes into play is that if something is hard for us to process, it seems more difficult.

Roger Dooley: There is another research project that found people were less likely to follow important medical instructions, now imagine that, medical instructions that are important for their health and perhaps their life, if those instructions were in a hard to read font and it wasn’t that they were so difficult that it was impossible to read. It’s just that when things are hard for our brains to process, even a little bit harder, they seem a little bit more difficult. At the University of Minnesota, they ran this great experiment that asked people how long it would take to perform a simple exercise. It just gave them two short sentences. Exact same text for two groups. One group saw it in a simple arial san serif font, so a very easy to read font. The second group saw the exact same instructions in a slightly harder to read brushy font. Still perfectly legible. You’d have no problem reading it. But the first group that saw it in the simple font said it would take eight minutes to do, the second group said it would take 15 minutes.

Roger Dooley: So what was happening there was that the difficulty in processing that information, the difficulty in reading, translated into difficulty in doing. And that’s really an important message for anybody who is designing websites or apps or print material. Anytime you’re asking somebody to do something, you want to make sure that those instructions are short, concise, easy to read, black on white, or something. And use the simplest font possible because the more difficult it is to read, the harder whatever it is you want them to do is going to seem and the less likely they’ll be to do it.

John Jantsch: Well, I know from a marketing standpoint, it’s pretty accepted logic that while you would think giving people lots of choices would actually make their decision easier, it really creates friction that you’re sometimes better off saying, “You want A or B?” And that’s about it.

Roger Dooley: Yeah, well, Barry Schwartz wrote an entire book called The Paradox of Choice that kind of zoomed in on that issue that in many cases, not in all cases, but in many cases, the more choice you have, the less likely you are to actually make a decision. And it varies, but there’s ways of dealing with that too. One is to just limit the number of choices. If you only need three plans, don’t offer people seven plans, because that may kick them into sort of an analytical mode where they end up making no decision at all. Guiding them to the most popular of the three plans is a great way to show, “Okay, there’s good, better, and best. Almost everybody chooses better.” At that point, that’s a really easy decision for most people to make. But if you’ve got a seven plans and it’s some have different features and they’re overlapping and that’s where it gets confusing.

Roger Dooley: So, but now Amazon has unlimited choice. If you pick any product, they probably carry just about every version of that product that’s available on the planet. But the way they help their customers is by providing a whole series of screens and filters and queues. So first of all, they will rank the products and the way they think that best fits your search. They will show you, “This one is a best seller.” They will show you, “This one is best rated.” They’ll show you that it’s got four and a half stars from 2000 reviews. And all of these things are cues to let you, hopefully, narrow down your choice really quickly and distinguish between two very similar looking choices. So they do just fine because for them, offering a lot of choice means that … you hear about a product, the first thing you do is check Amazon because you figure odds are they’ll have it, but then instead of just presenting you with a big massive products that you have to sort through, they provide you all kinds of tools to choose the right one.

John Jantsch: Now we’ve talked mostly about business, but you kind of wander into how friction shows up just in our lives, in our habits and things. I know that anytime I’m trying to lose a little weight, if I have healthy food sitting around, I will … and it’s easy for me to get, I will do a lot better job than if I have to actually work to get that food. So how does it play? How does friction play out in our habits?

Roger Dooley: Well, it is a very powerful force. I’ve read several books on this topic. My friend Art Markman from here at University of Texas, Austin is a pretty slim guy these days, but he had had a weight problem some years back and he found that his downfall was Ben and Jerry’s ice cream. Those little pint containers that theoretically if you read the label, there’s, I don’t know, like four servings in there, three or four servings. But if you’ve ever actually just pulled one out of the freezer and started eating with a spoon, you find it’s really easy to polish it off in one sitting. You get down halfway and, actually you’re more than halfway at that point, and it seems like a small amount to put back in the fridge, right? So you just keep going and before you know it, it’s gone and you’ve added who knows how many calories into your daily diet.

Roger Dooley: His simple realization was if he did not have that in the house, he would probably not drive to the store to get it. So if he made that decision when he had the willpower for the future, saying, “Okay, I’m in the store. I’m not going to buy that because I know it’s bad for me and I know I’ll eat the whole darn thing.” Then he would not put up with a considerable friction of getting in his car and driving to the store to get it.

Roger Dooley: But going beyond that other habit change experts like James Clear and that BJ Fogg all talk about even just creating moderate friction. Okay, if you have potato chips in the house, don’t leave them out on the counter. Put them on a high shelf in the cupboard, put them in the garage maybe. And yeah, anything that makes it more difficult, even the smallest interventions can make a difference.

Roger Dooley: Some Yale researchers did a study for Google where Google provides free food, which is a nice benefit of working there. But people tend to over consume. And particularly things like sweets, candy, M&Ms, I mean they are something that your brain will taste, say, “Hey that’s pretty good, I want more of that,” and people will keep eating them. They found that just putting the M&Ms in an opaque container and moving a little bit farther away from the front of the shelf allowed them to cut a couple of million calories out of one office’s budget every month, which is pretty phenomenal. And very similar experiments in a cafeteria lines where putting the healthy stuff in front and the non-healthy stuff a little bit farther away. All of these things had measurable effects. And obviously the more friction that you had, the more profound the effect. In one case, in that cafeteria line, instead of just moving it to the back, they created a separate line for ice cream and soft drinks, stuff that you were not supposed to eat. And they found that in that case, it dropped consumption about 90% because most people did not want to put up with the hassle of going to another line, selecting their items, and paying for it separately. So it’s just however much friction you can add without creating a perhaps the rebellion.

John Jantsch: I’m chatting with Roger Dooley, author of Friction: The Untapped Forced That Can be Your Most Powerful Advantage. So Roger, tell people where they can find out more about your work and the book itself.

Roger Dooley: Probably the best jumping off point is rogerdooley.com I link to all of my stuff there, my blogs at Neuromarketing and Forbes, and have links to the books, of course. And on social media, I am on all of the channels, but I’m most easy to find on Twitter where I am @RogerDooley.

John Jantsch: Well, thanks for joining us, Roger, and hopefully we’ll see you someday out there on the road in a frictionless world.

Roger Dooley: Ah, if only that would happen, that’d be great. John, thanks so much for having me.



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How Reducing Friction Increases Revenue

How Reducing Friction Increases Revenue written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Roger Dooley
Podcast Transcript

Roger DooleyToday on the Duct Tape Marketing Podcast, I chat with author and keynote speaker Roger Dooley.

He is the founder of Dooley Direct, a consultancy, and co-founded College Confidential, the leading college-bound website. He’s been a serial entrepreneur since he left a senior strategy position at a Fortune 1000 company to enter the then-nascent home computer market.

He writes the popular blog Neuromarketing as well as a column at Forbes.com. He is also the author of the upcoming book Friction: The Untapped Force That Can Be Your Most Powerful Advantage (McGraw Hill, May 17, 2019).

On today’s episode, we discuss why friction can cause problems for a business, and how smart leaders can identify and eliminate friction as a way to distinguish themselves from their competition.

Questions I ask Roger Dooley:

  • How can you reduce friction when you don’t know it’s there?
  • Where can businesses start when they want to address user experience issues in their business?
  • How do you reduce friction in a business with a culture that’s resistant to change?

What you’ll learn if you give a listen:

  • How a smaller company can get an advantage over the big guys by reducing friction.
  • What organizational drag is and the effect it can have on your business.
  • How you can use friction for good when looking to change negative personal habits.

Key takeaways from the episode and more about Roger Dooley:

Like this show? Click on over and give us a review on iTunes, please!

This episode of the Duct Tape Marketing Podcast is brought to you by SEMrush.

SEMrush is our go-to SEO tool for everything from tracking position and ranking to doing audits to getting new ideas for generating organic traffic. They have all the important tools you need for paid traffic, social media, PR, and SEO. Check it out at SEMrush.com/partner/ducttapemarketing.



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How to Outrank Big Companies When You Have No SEO Budget

seo

There’s a formula to SEO and as long as you follow it, you’ll get rankings.

So, what’s this formula?

Well, you write amazing content, optimize your code, create a great user experience, and you mix in some backlinks.

Sounds simple, right?

Well, the formula isn’t too complicated, but it does require hard work and patience.

Now what makes SEO challenging isn’t the formula, or the time, or the patience. It has more to do with how you beat people who have more money than you because, in theory, they can do more of everything, which should cause them to outrank you.

But you know what? I’m going to let you in on a little secret. I love SEO because it’s the one channel where you can beat big companies even if you can’t outspend them.

How? Well, let’s go over that.

Let’s first start with the two mental shifts you’ll have to make.

Mental shift #1: Speed is everything

What most people won’t tell you is big companies need to spend more to get the same results that you can for pennies on the dollar. They have way too many employees and layers in their organization to move fast and nimble.

In other words, everything moves slowly.

So, what do they do? They spend money in hopes that it makes them move faster. But the reality is, spending more doesn’t necessarily get them faster results.

If you want to beat them, the first thing you’ll have to do is focus on execution. If you can’t move fast, you won’t win.

This is your biggest advantage.

The reason I have gotten to where I am today is due to my execution speed. And now that we keep growing in size, things are moving slower.

For example, because my business has continually been growing, we now prioritize based on what makes us the most revenue and I bet you SEO isn’t as high on that priority list as it used to be. Not just for me, but for all companies my size and bigger.

You have to remember, we have multiple offices, hundreds of employees… we have to focus on what pays the bills.

So how do we compensate? We spend more money in hopes that it fixes it. Just like how I write less content these days, and I spend money on things like Ubersuggest and Backlinks in hopes that it helps.

But that won’t fix everything.

The point is, if you can move fast, it will give you a huge advantage.

Mental shift #2: Scrappiness beats money

Alright, let’s recap the formula to SEO…

Content + SEO friendly code + user experience + backlinks = rankings.

I know Google has over 200 ranking factors, but the formula above encompasses the majority of it.

Now you are probably thinking that if you want to write content or build links you have to spend money, but that isn’t necessarily the case.

With my previous marketing blog, Quick Sprout, I grew it by partnering with other writers.

I wasn’t as well known in the marketing world back then, but I hit up people like Brian Dean and co-authored guides like this one on link building with him.

That guide is over 20,000 words. And Brian did the majority of the work and for free.

I also did something similar with Ritika Puri and we created a guide on marketing psychology.

And every time I partnered with other writers and marketers to create these in-depth guides my traffic skyrocketed.

The first time I published one, my traffic went up by 117% in 2 months.

quicksprout traffic

Now, that’s something that you can still do to this day to see great results.

Another way you can boost your SEO traffic is to get people to contribute content to your site for free.

I did this with the KISSmetrics blog before I acquired it. During its peak, it generated 1,260,681 unique visitors a month.

kissmetrics traffic

We grew the KISSmetrics traffic through one simple approach… we hit up tons of writers in our space and asked them to contribute articles.

At first, we had to pay a few because the blog wasn’t known and we barely had any visitors. But once we paid a handful of well-known writers who were guest contributors on competing sites, we now had a great foundation.

We still didn’t have much traffic, but having those writers publish content was enough to convince other writers to submit content for free.

It’s a simple approach that still works to this day.

There are many ways you can be scrappy, you just have to think outside the box. Don’t think you need tons of money to solve your marketing problems. Being scrappy in most cases is more effective.

Now that we’ve covered the two mental shifts you need to make, let’s focus on the 4 quick wins that will yield the biggest results in the least amount of time.

Yes, many of these “quick wins” are well known, but less than 1% of SEOs focus on them. I know this because I have an ad agency that works with large Fortune 100 companies… and it doesn’t stop there, most companies no matter what size they are, don’t focus on these quick wins.

Quick win #1: Land and expand

They say the more content you create the more traffic you will get.

Do you want to know what the big issue with this strategy is?

Writing more content doesn’t guarantee more traffic.

Content marketing has changed. Writing no longer guarantees you more traffic because there are over 1 billion blogs.

With people cranking out so much content on a daily basis, Google now has the choice of what content to rank and what not to rank.

Similar to me, your top 10 pages are going to make up a lot of your traffic… and probably more than me.

The top 10 pages on my site make up 29.23% of my traffic. That’s crazy considering I have 5,171 blog posts.

With your site, your top 10 pages will probably make up over 40% of your traffic as you probably don’t have as much content as me.

So instead of spending the majority of your time writing new content, why not get more traffic out of the content you have.

I call this the land and expand method. In other words, you already have pages that are getting search traffic and rank on Google, might as well adjust them so you can 2 or 3 times more search traffic to those pages.

Best of all, this method gets results within 1 month for most sites and within 2 months if your site doesn’t have as much authority.

If you want to leverage this technique, follow “step 2” in this article where I break down how to land and expand step by step.

Quick win #2: Optimize for revenue, not traffic

Your goal is to increase your search traffic, right?

Well, if you are reading this blog it is. 😉

But as you get more search traffic, what’s happened to your revenue?

Actually, let’s rephrase the question… as my traffic climbed, can you guess what happened to my revenue?

search traffic neil patel

That traffic according to SEMrush is worth $1.2 million.

traffic cost

But here is the thing: as my search traffic grew by 123%, my revenue only grew by 12.5%… not a good deal.

Yes, you want to optimize your site for Google so you can rank higher. But what’s the point if it doesn’t increase your revenue?

You need to look at the pages on your site that are responsible for revenue generation activities and first optimize those so they rank higher on Google. You can do this by setting up goal tracking within Google Analytics.

Once you set up goal tracking, you’ll now know what pages to focus your attention on so that those extra visitors you in bring will turn into revenue. You can then take that extra revenue and reinvest it in your marketing initiatives.

Quick win #3: Optimize for clicks, not rankings

Question for you…

If everyone did a Google search and clicked on the second results instead of the first result, what do you think will happen?

Well, it would tell Google that people prefer the second listing and it would move that ranking to the number 1 spot.

To prove this theory, Rand Fishkin told all of his Twitter followers to search for the phrase “best grilled steak” and click on the 4th listing instead of the 1st.

best grilled steak

And within 70 minutes the 4th listing jumped up to the top spot.

steak rankings

It was so effective that the listing Rand Fishkin told everyone to clicked on skyrocketed to the top of Google for the phrase “grilled steak”.

google rankings

If you want to boost your rankings, it isn’t just about the content you are creating or the links you are building. If people don’t want to click on your listing, you’ll find that your rankings will continually tank.

And if people click on yours more than the competitors, than your rankings will skyrocket even if you don’t build as many links.

So how do you increase your click-through-rate?

Well you don’t want to tell your friends to click on your listing as that is a temporary effect and your rankings will only climb for a short period of time. You want to optimize your title tag and meta description to encourage people to click on your listings over the competition.

This will cause your rankings to climb slower, but they will stick once you reach the top.

I won’t bore you with the details in this article on optimizing click-through-rates as I have already blogged on it… just head over to this post and follow hack number 1. 😉

Quick win #4: Update your old content

Have you noticed over time that your rankings fluctuate? No matter how good you are at SEO and no matter how much money you have, there is no guarantee you’ll be at the top spot.

Do you want to know why your rankings drop?

Most people assume that it’s a penalty. But Google is very friendly (believe it or not), and their goal isn’t to penalize sites. Their goal is to rank the best sites at the top.

You know… the sites that users love the most.

Just think of it this way, if Google hypothetically penalized BMW for building backlinks and removed them from the index, what do you think would happen when people search for “BMW”?

People would be pissed that BMW isn’t showing up.

And they wouldn’t be pissed at BMW, they would be pissed at Google and they may not use Google again.

Google’s goal isn’t to penalize your site or be mean to you or tank your rankings. Their goal is simple… always put the site that is best for the end user at the top.

When your rankings tank, it’s typically because someone else created a page that provides a better experience for the term you were ranking for.

The way you fix this, maintain your rankings, and even climb higher is to continually update your old content.

If you have content that is old, outdated, or if your rankings drop, read this. It breaks down what to do step by step, and it will help you outrank your competition because I bet they aren’t updating their old content.

This is so effective I currently have 3 full-time people updating my old content.

You don’t have to get as crazy as me, but you should update your old content.

Conclusion

Money isn’t stopping you from beating your competition. The only thing standing in your way is you.

That’s ok though. We can fix that.

With a few mindset shifts and some quick wins, things are about to change.

I’ve never let my competition get in my way. I don’t care if they have more money than me or that they have been at this longer.

If I started my journey cleaning restrooms and picking up trash and eventually got here… you can too.

There is nothing really stopping you from winning.

So what do you think, are you ready to beat your competition?

The post How to Outrank Big Companies When You Have No SEO Budget appeared first on Neil Patel.



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What to Pay Attention to in Google Search Console

What to Pay Attention to in Google Search Console written by John Jantsch read more at Duct Tape Marketing

Are you using Google Search Console for your business? If not, now is the time to verify your domain so that you can dive into the mountains of useful data available to you through Console’s reports.

Because there is a lot of valuable data to sort through, it can be difficult to know where to start if you’re new to the platform. Don’t worry, I’m here to walk you through all the most important reports, filters, and numbers to pay attention to.

Search Analytics Report

You should get things started with the Search Analytics Report. This will give you valuable information about how your site performs in Google searches. You can slice and dice this data in a number of different ways, but these are the most important elements to consider.

Impressions

Impressions measures how many times your site came up in a search result. Now, there are no qualifiers on this number—Google will count any appearance as an impression, even if your site was on the tenth page of SERPs and likely wasn’t actually seen by the searcher.

Still, this number can give you a general sense of how broad an audience your site is reaching, and it can help you set realistic goals as you try to get noticed by more people.

Clicks

Clicks represent the number of times someone clicked on your website from the Google SERPs. This number can be a bit of a misnomer because Google doesn’t tell you about all of your clicks—they’re vague about why this is, but cite some privacy concerns. However, like with impressions, clicks can give you a general sense of interest in your website coming through search results.

Click-Through Rate

Click-through rate (CTR) is the number of clicks divided by the number of impressions. This number can help give you a sense of how relevant your pages are for certain search terms. A high CTR means that the title and description for your page are grabbing the attention of searchers. But don’t stress if you have a low CTR; because some impressions are for searches where you were on page 10 of results, this number is not always indicative of a poorly optimized meta description.

Position

Position is all about where your page ranks in search results. Each page of Google’s organic results has 10 links, so if your position number is 10 or lower, that means your website is displaying on the first page of search results.

Search Query Report

The Search Analytics Report can help you understand how your site stacks up against competitors on results pages. The Search Query Report, on the other hand, helps you see how people are finding your site in the first place.

This report is valuable because it tells you the real-world terms, questions, and phrases that your pages are ranking for. Sometimes there are some real surprises in here, and knowing what customers are actually keying into Google can help you refine your SEO and even tweak your products and services to better address their real needs.

Go Landing Page by Landing Page

One of the major benefits of Google Search Console is that it allows you to break all of this data out by individual landing pages. You can see what search terms are ranking for each individual page, which is hugely valuable.

If you have a low CTR for a given page, it might mean a few things. Either your title and meta description aren’t compelling, your SEO is off and you’re ranking for a term that doesn’t really make sense for the query, or the term is general (and therefore competitive) and you need to find a better way to stand out.

On the flip side, a high CTR can tell you that you’ve struck gold. Maybe this isn’t a term you thought would speak to customers, but something about it is obviously resonating and getting results. Once you see the term that the landing page is ranking for, what else can you do to make the content on that page even more relevant to that search term? And are there ways to tailor other pages on your website to speak more directly to the intent behind this term?

Find and Fix Errors

The mobile usability and crawl reports on Google Search Console are also helpful for identifying issues with your website and making it more user-friendly.

Mobile usability allows you to see which pages on your site don’t perform well on mobile. Maybe elements are jumbled or the type is too small; whatever the case, the site is not well suited to smaller devices. Once you know that, you can make a fix (which is important, because the majority of searches today start on mobile devices).

The crawl report allows you to understand what Google sees when it crawls your website. Google crawls websites to learn what the site is about, and the information that they find on their crawl affects how you rank in their results. If your site is difficult to crawl, you could be falling behind on rankings even if your website content looks great to the human eye. Use this report to make your site as appealing as possible to the Google computers that are indexing websites to give your site the best shot at ranking well.

Google Search Console is one of the most powerful tools available to small business owners. Unfortunately, some are unaware of its benefits or are intimidated by the wealth of data it provides. However, when you know which reports to run and which numbers to look out for, it can completely transform your approach to SEO and marketing.



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Why Digital Asset Management Matters in B2B Marketing

The post Why Digital Asset Management Matters in B2B Marketing appeared first on Online Marketing Blog - TopRank®.



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Monday, 29 April 2019

Top 5 Things Not to Miss at the Sirius Decisions 2019 Summit

Starting Sunday May 5th and running through Wednesday May 8th will be the Sirius Decisions 2019 Summit in Austin, Texas. There are a whole host of things to do while inside the Austin Convention Center, where the Summit is being held as well as outside the friendly confines.

Here’s one man’s list of top 5 things you should absolutely not miss at this year’s Summit.

  1. Alex Sheen, the first keynote speaker of the entire event. Founder of “because I said I would” Sheen takes the stage on Sunday night at 5PM. His passion and calling is a social movement and nonprofit dedicated to bettering humanity through promises made and kept. Sparked by the loss of his father, Alex and his organization send “promise cards” to anyone anywhere in the world at no cost. 
  2. The SiriusDecisions Wellness and Charity Run. If you’re like me and love to give back AND be healthy, this is for you. On both Monday and Wednesday during the event you can either walk/run or do yoga all for a good cause. Just one word of warning: these start at crack of dawn at 6:30AM. So, get a good night’s sleep the night before!
  3. The 2019 Program of the Year Awards. The award winners are selected from a field of leading b-to-b organizations that have achieved significant and innovative results that were integrated across their revenue-generating functions. The Programs of the Year will showcase the programs Sirius Decisions’ analysts have chosen as best-in-class across marketing, sales and product disciplines
  4. The Northwest Water Fountain.  Don’t scoff. You’ll thank me later. As you’re sashaying around the Austin Convention Center you may find yourself in need of hydration. Fear not, head to the water fountain located in the NW section of the floor and get ready for a H2O experience unlike any you’ve ever had.
  5. The Oracle Lounge. Ok, ok, I know this is self-serving but hear me out. While in the Lounge, which BTW there is no charge to enter – say hi to Kerry Stange, who is an Oracle Enterprise Advanced Customer Success Services Manager. Kerry can show you how to get your C-Suite to love the value of your SaaS solution – no small task – but equally important will regale you with stories from the road of what it was like to be lead singer for multiple rock bands. He may even have pics of his big-hair days, but that I can’t guarantee it.

**BONUS**

Stop by The Oracle Lounge and get your hands on one of these multi-use Oracle tumblers. But you better hurry for they’re only available while supplies last!



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BIGLIST of Top Social Media Marketing Blogs for 2019

Social Media Marketing Blogs

Social Media Marketing Blogs The world of Social Media is probably responsible for more innovation in digital marketing over the past 5 to 10 years than nearly any other discipline. From ephemeral story based content to live video to all the things being done with data for more personalized marketing, staying in top of what's real vs. the hype is increasingly difficult. Top help marketers find great sources of marketing advice, we've curated the BIGLIST of marketing blogs and more recently a marketing blogs from martech companies. Adding to that curation effort is today's list of social media marketing blogs. This list focuses in on blogs covering all aspects of social media marketing including the usual suspects of platforms including Twitter, Facebook, Instagram, YouTube and LinkedIn as well as newer platforms like TikTok. From trends to strategies to tactics to analytics, this group of blogs about social media and marketing is a great mix of big names, publications, platforms and a few names that are hopefully new to you. 1. Adweek Social Pro Daily Our favorite post: Social Networks Finally Bypassed Print Newspapers as a Primary Source of News 2. Andrea Vahl Blog Our favorite post: Facebook Video Ads - What's Working Now 3. Awario Blog Our favorite post: 10 of the best social media marketing tools for 2019 4. Brian Solis Our favorite post: The Past, Present And Future Of Social Media – How We Fell To The Dark Side And Why The Force Is With Us 5. Brand24 Blog Our favorite post: A Complete Guide to Social Media Analysis 6. CinchShare Blog Our favorite post: Grow your team on Facebook by doing these 3 things 7. Digimind Blog Our favorite post: Optimize Your Content Marketing Strategy in 13 Steps with Social Media Intelligence 8. DreamGrow Blog Our favorite post: How To Integrate Social Media With eCommerce in 2019 9. Facebook Business Blog Our favorite post: Turn Interested Shoppers Into Buyers with a Guided Shopping Experience in Messenger 10. Falcon Insights Hub Our favorite post: 5 Social Media Trends to Watch in 2019 11. Gary Vaynerchuk Blog Our favorite post: 5 LinkedIn Marketing Strategies for 2019 12. Gleam Blog Our favorite post: Stop Buying Likes: 25+ Tips to Drive Real Engagement on Facebook 13. Grow Our favorite post: What Is Your Social Media Marketing Purpose? (If You Don't Know, This Will Help) 14. Hopper HQ Blog Our favorite post: How to Measure B2B Social Media Marketing Success 15. Hot in Social Media Our favorite post: How to Use TikTok Like a PRO: Actionable Tips for Marketers 16. Iconosquare Blog Our favorite post: Instagram Marketing Strategy: Your A-Z Guide 17. Instagram Business Blog Our favorite post: Creative Secrets of Instagram Stories 18. Jeff Bullas Blog Our favorite post: 9 Insider Tips For Increasing Your LinkedIn Leads 19. Jon Loomer Blog Our favorite post: How to Edit a Facebook Ad and Retain Social Proof 20. Karen's PR & Social Media Blog Our favorite post: Super Bowl 2019: Trends & Takeaways from a Social Media Professor 21. Katie Lance Blog Our favorite post: How to Attract Your Dream Client Through Social Media and Storytelling 22. Keyhole Blog Our favorite post: Hashtags: A Beginner’s Guide and How to Use them Effectively - Keyhole 23. Later Blog Our favorite post: Real or Fake: 5 Instagram Algorithm Rumors Explained 24. LinkedIn Marketing Solutions Blog Our favorite post: 10 Content Ideas for your LinkedIn Page 25. Louise Myers Visual Social Media Blog Our favorite post: How to Boost Your Social Media Strategy for 2019 26. Madalyn Sklar Blog Our favorite post: How to Grow Your Twitter Community: 7 Essential Tips 27. Meltwater Blog: Social Media Our favorite post: Social Sidekick: Your Monthly Guide to Social Holidays, Themes, and Noteworthy Events 28. NetBase Blog Our favorite post: Social Media Monitoring vs Social Listening – Yes, There’s a Difference! 29. Planoly Blog Our favorite post: How to Stay Motivated with Your Blog and Instagram 30. Problogger Our favorite post: How to Start a Blog When You're Not an Expert: 11 Ways to Make it Work 31. Snapchat for Business Our favorite post: CPG on Snapchat: Why Gen Z and millennials make all the difference 32. Socialnomics Our favorite post: 22 Social Media Tips From The Pros To Skyrocket Your 2019 ROI 33. Social Insider Blog Our favorite post: The Most Impactful Social Media Trend That Businesses Should Integrate It In 2019 34. Social Media Examiner Our favorite post: 10 Metrics to Track When Analyzing Your Social Media Marketing 35. Social Media Explorer Our favorite post: p And Coming Social Media Trends Driven By Millennials And Generation Z 36. Social Media Lab (Agorapluse) Our favorite post: LinkedIn Post Length: Does Data Support the Idea that Longer is Better? 37. Social Media Today Our favorite post: Social Media Calls to Action: 19 Words & Phrases to Generate More Engagement 38. Social Media Week News & Insights Our favorite post: Boost Your Instagram Stories Game for 2019 With These 10 Practices 39. Social Report Blog Our favorite post: 10 Top Social Media Scheduling Tools to Save Time in 2019 40. Social Sorted Our favorite post: 60+ April Social Media Ideas - Videos, GIFs and more! 41. Spiderworking Our favorite post: Relationship Marketing With Jessika Phillips, Pots Of Gold And LinkedIn Networking 42. Sue B Zimmerman Our favorite post: How To Grow Instagram Followers in 2019 43. The Social Media Hat Our favorite post: How to Create 26 Pieces Of Content From A Facebook Live 44. Talkwalker Blog Our favorite post: Social media trends that will impact 2019 45. Twitter Marketing Blog Our favorite post: 10 ways marketing changed with Twitter 46. Unmetric Blog Our favorite post: Brands vie for the throne in the game of social media marketing One trend I've noticed is that many individuals that have really made a name for themselves as trusted voices in the social media space during the formative years of the industry simply are not blogging as much or have diversified into other areas of marketing. At the same time, a steady drumbeat of social media marketing advice can be found amongst a smaller number of highly focused industry blogs and companies serving the social media marketing industry. Speaking of the social media marketing industry, you may have noticed some well known social media marketing technology brands are not on the above list. That's because we've already included them in the martech list, but they certainly belong in this collection, so here they are: If you're more interested in following specific people in the world of social media marketing, then be sure to check out this list of social media marketing influencers for 2019. Which social media marketing blogs would you add?  

The post BIGLIST of Top Social Media Marketing Blogs for 2019 appeared first on Online Marketing Blog - TopRank®.



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What Goes into an Engaging Email?

How do you go about creating an engaging email? What does it look like and how should you write it?

All day, every day, people find themselves bombarded with a multitude of marketing messages from a variety of sources. They will be receiving more than a few emails each day. So, your emails have to stand out to get someone’s attention.

You can try to be clever, creative, and humorous to catch someone’s attention. However, as stated before, all emails need to be relevant and useful. Even the subject line has to be interesting or intriguing enough to make someone want to see the email, and this comes down to relevance and letting them know that this email has something that they want or need.

Emails have to be easy to read, view, understand, and digest. Both the copy and design need to mesh well and be:

  • Easily readable
  • Simple and not overly complicated
  • Straight to the point

When it comes to writing (for any type of content marketing materials really and not just emails), while you want to sound enticing, clarity is key. No matter how wonderful your words, if you are not clear then it will not matter.

Remember that your email could viewed on a computer, phone, or other mobile device. Your readers will not want to scroll from side to side, and in fact it is better if they can see the email in its entirety the moment they click on it. In fact, a mobile-friendly email places these four elements above the mobile fold:

  • The branding
  • The offer or asset
  • The message
  • The call to action (CTA)

All email copy should cut to the chase and avoid redundancy. You do not need to tell the reader anything they already know. Your email copy should also answer these three important questions:

  • Why do it and why do they need it?
  • What should it do?
  • How will it get done?

Consider these tips when crafting an email:

Sell Your Offer

Concentrate on selling your offer and not the product or service. It’s not what the product or service is; it’s about the benefits what they can do for someone.

Focus on Your Main Points

Make sure that you focus on one offer, one message, and one CTA. It keeps things from getting cluttered and allows you to emphasize your main points.

Drive Action

Do not just relate facts. Drive your readers to take action. Use CTAs that creative and action oriented.

Write Sharp, Concise Copy

Strive for simple, understandable copy that makes its points sharply and concisely. Shorter is better, especially for an email. It should be no longer than it has to be. Do not spend too long setting up the offer. Get into it as soon as you can. Use short paragraphs that can be easily read and scanned. Break up the text with bullet points wherever possible to add more readability.

Be Clear, Concrete, and Specific

Make sure the offer and CTA are clear, concrete, and specific.

Repeat the CTA

Though you should have only one CTA, repeat it as both a link and text.

Be Mobile Friendly

Provide CTA buttons for mobile users.

Remember There Is Beauty in Simplicity

Do not overcomplicate the design and layout. It should not be too busy, and simple images can make the most impact. Strive for readability and clear understanding. 

Create Copy and a Design That Go Together

Make sure your copy, design, and images go well together and match up what the message and offer you are making. Whatever theme you choose, stick to it and stay focused on the message you are trying to get across.

Find out about the importance of open rates and customer engagement with your emails in “The Bottom Line: Open Rate and Customer Engagement.”

Read the blog



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Saturday, 27 April 2019

Weekend Favs April 27

Weekend Favs April 27 written by John Jantsch read more at Duct Tape Marketing

My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week.

I don’t go into depth about the finds, but encourage you to check them out if they sound interesting. The photo in the post is a favorite for the week from an online source or one that I took out there on the road.

  • Notifia – Access website plug-ins to help with lead generation and customer acquisition.
  • Rippling – Manage HR and IT systems all in one place.
  • Velox Commerce Question Suggestions – Enter a keyword to see question suggestions from real Google searches.

These are my weekend favs, I would love to hear about some of yours – Tweet me @ducttape



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Friday, 26 April 2019

Digital Marketing News: Twitter’s Hidden Replies, LinkedIn’s Reactions, Google’s Image Increase, & Facebook’s Ad Manager Refresh

The post Digital Marketing News: Twitter’s Hidden Replies, LinkedIn’s Reactions, Google’s Image Increase, & Facebook’s Ad Manager Refresh appeared first on Online Marketing Blog - TopRank®.



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Why Modern Marketers Must Embrace Marketing Automation

Marketing technology continues to evolve, with a new tool or platform debuting seemingly each week. While marketers seek to provide benefits or value for your digital transformation or marketing strategy, it can hard to pinpoint what you need — and how exactly to go about it, due to having so many options to choose from.

With so much to do within B2B marketing — including more research, segmentation, and personalization — marketers’ available time seems to be shrinking by the minute. This leaves you with a dilemma: either expand your marketing talent pool or invest further in technology.

The answer is to add marketing automation, which may enable you to add more talent later. Here’s why there’s genuine value in embracing marketing automation — beyond simply allowing you to do more with fewer resources.

What Marketing Automation Can Take On

While marketing automation can’t — and shouldn’t — tackle every task on a marketer’s plate, there are plenty of ways automated tools can give marketers more time and focus for the most important aspects of their jobs.

1. Effective Marketing Task Management

Let’s start with one of the most compelling reasons for investing in marketing automation: These platforms and tools help you organize and oversee many tasks that are often complicated and time-consuming.

For example, with CRM platforms, you can automate social media posts, content marketing and email campaigns, forms and landing pages, segmentation, lead management, and more. Automating these tasks helps you stay on top of attracting and nurturing leads, capturing critical data, and even engaging with your target audience and customer base.

Because there are so many inbound and outbound strategies, platforms, channels, processes, and information, marketing automation can help you do the heavy lifting, fill in skills gaps, and provide a way for you to focus on high-level creativity, planning, and engagement.

2. Integration Capabilities

Marketing automation brings so many aspects of your marketing strategy and technology together through seamless integration. This includes a marketing automation platform’s ability to work with your CRM platform, content management system, and more. You’ll get more out of each of these systems together than if you had them separate and doing their own work.

Bringing them together allows you to use the data from one area to influence another, removing data silos in one fell swoop. Attribution and customer journey tracking can also be made easier with integrated systems. Having real ROI can directly impact your budget and spend in real time.

3. Balancing Out Competitive Advantage

There was a time when a small business had no way to compete with larger companies’ marketing efforts — the size of the smaller team and budget was dwarfed by the enormous resources of these larger enterprises. In this way, marketing automation was a game changer, allowing a marketing team of one to go head-to-head with a marketing team of 50, thanks to automated tools that do the work of many.

A lesser-talked-about benefit is that access to these kinds of resources heightens a smaller company’s professional appearance. Professionalism and access to sophisticated resources can result in a company gaining an opportunity — and a lack of either can eliminate that chance.

4. Increased Accountability

The powerful technology within marketing automation platforms provides a clear picture of what’s working and who’s working. The software provides insights into the leads captured and what’s been done to turn those leads into sales. There’s no escaping the findings of such software, pushing all departments to be accountable for their actions.

Overall, this can effectively raise performance levels and results. It can also eliminate redundancies or overlapping efforts.

5. Multichannel Targeting

With thousands of customers all using different channels and often switching when and where they can be found, it helps to have automated tools that can do the tracking and outreach for you. You can use these tools to target them with a cross-marketing campaign for email, text, and social simultaneously.

6. Enhanced Customer Experience

At first, it may be hard to imagine that the act of automating interactions, thanks to software and tools like chatbots, would improve the customer experience over adding more human interaction. However, customers enjoy how it easy it is to get information when and where they want it. A human touch is warm, but it can also delay.

Plus, being able to personalize a user’s website visit and send behavior-related emails that match her mood will further engage a target and make her feel good about interacting with your brand. A company I worked with added behavior-oriented tracks for visitors who searched specific terms on its site. Based on how the user phrased her request, she’d be placed in a “funny,” “straightforward,” or “gentle guidance” category. This personalization resulted in a 22 percent higher click-through rate for emails, no small feat.

7. Upsells and Cross-Sells

The increased amount of data from marketing automation can give you more insights into how and what you can sell to target audience members. Besides telling you what needs to be done, marketing automation software can handle upsells like reorder reminders, personalized product presentations, and gift guides.

The software can provide campaigns related to other products that each customer might be interested in based on previous orders and interests (think of Amazon’s suggested products). This requires no extra effort from marketers but may capture additional revenue from loyal customers.

No More Cold Calling and Guesswork

With such detailed data that includes everything you need to know about your target, you can stop guessing — and making cold calls. Instead, you’ll have marketing content delivered when a target wants to see it, containing relevant information only. Plus, you’ll be able to track and monitor the actions taken by people after each interaction.

You’re constantly looking for ways to improve your marketing efforts and meet changing customer expectations, and marketing automation enables you to do that. Knowing precisely what needs to change can help you respond more quickly, minimizing any impact on your audience’s experience with your brand. If you want to reach your target audience in a relevant way, you have to embrace marketing automation — or fall behind.

Use Oracle’s Marketing Automation Assessment Tool to see how you stack up against your peers in terms of preparedness for the future of marketing automation.

Take the two-minute assessment

 

 

 

 



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Thursday, 25 April 2019

7 Reasons Why Proposal Software Will Boost Your Sales

7 Reasons Why Proposal Software Will Boost Your Sales written by John Jantsch read more at Duct Tape Marketing

You’re probably well aware of how important business proposals are to getting clients and winning new business. If you’ve been writing a lot of them, you may have thought about investing in proposal software to make the process easier.

However, is proposal software really all that great compared to writing the proposals yourself? It turns out that there are quite a few reasons why you would want dedicated software for proposal writing.

It will make writing a whole lot quicker

Here’s the thing – writing isn’t as easy as it seems. For sales purposes, writing can be extremely daunting. If you’re great at closing sales, you don’t necessarily need to be a good writer. On the other hand, hiring a writer every time you need to send out a proposal (or having someone in-house) is just not practical.

Proposal software ensures you spend less time writing, as it comes with pre-made templates. Some apps, such as Better Proposals, come with templates for different industries, such as marketing or website design. All you have to do is fill in the blanks. Alternatively, you can create your own template based on a proposal that worked for you and edit the main information every time you create a new proposal.

By spending less time on writing, you will be able to spend more time learning about your clients and getting new leads.

Integrations make everything easier

One of the biggest issues with proposals in document format is that their use is very much limited. Modern proposal software comes with a range of different integrations that ensure your proposal is embedded into your sales process.

For example, you can pull data from your CRM into your proposal software, making it easier to fill out your proposal template. Moreover, your proposal will be added to the sales pipeline. Once the proposal goes out, you can integrate it with your project management tool to have a birds’ eye view of the progress of the deal.

In essence, integrations save you time, make creating proposals easier and let you be in full control of the sales process. If your chosen proposal software doesn’t have native integrations, you can hook it up with Zapier and the possibilities are endless.

You won’t have to worry about design either

Besides writing, another thing that sales professionals aren’t always skilled at is design. Who’s to guess which color goes well with blue and where you need to put your logo to make the proposal look aesthetically pleasing?

Proposal software eliminates this problem by giving you visual templates and all you have to do is edit the written content. Besides the general appearance, you can change font colors, headers, insert your company logo and much more.

Why does all of this matter? Proposals with a cover convert better than those without one. Even if you think appearance doesn’t matter, first impressions are crucial to getting your proposals signed.

Your proposals will be optimized for all devices

When writing proposals in word processing apps, you usually save them as text or PDF files. Unfortunately, that doesn’t always end up looking all that great. 34% of all proposals are first opened on mobile platforms. Proposal software makes all your proposals optimized across devices, so you make a great impression, no matter the device the client is using.

You can guide the client through the proposal

One of the recent developments in the world of business proposals is live chat. You can use a live chat app to communicate with the client as they are reading the proposal and answer any questions they may have. It turns out that it makes a difference – you’re 13.2% more likely to win the deal if you use this feature in your proposals.

You will get paid more quickly

For anyone working in B2B, you probably know the struggles with unpaid invoices. According to research, the average company has invoices unpaid for up to 90 days. However, it doesn’t have to be this way.

When research was done on over 180,000 signed proposals, the average proposal was paid about 12 hours from the moment it was signed. There are several reasons for this. First, you can pay directly from the proposal, which reduces friction and makes payment simpler and easier. Second, half of all payments (52%) were made through credit cards (using integrations with Stripe, Paypal and similar).

The remainder was paid either directly or through invoices. This means that a large portion of your clients may be delaying payment through invoices simply because they find credit cards more convenient – which is an option you can set up in your proposal software.

You will avoid the death trap of PDFs

It’s fairly common to send out your proposals as PDFs. It’s what your clients are used to – you just attach them and send out in your emails. The clients print them out to review them and hopefully sign. Well, research has shown that PDFs are the number one conversion killer for business proposals.

On a fairly large sample, we discovered that sending your proposal as a PDF means decreasing the chances of the proposal being signed by as much as 78%. It’s not that something is inherently bad about PDFs, it’s just they tend to get printed. And once a proposal gets printed, the likelihood of signing plummets. The reasoning behind this may be that a proposal printed on paper gets shared among several stakeholders, decreasing the chances of being signed.

Conclusion

There are plenty of reasons to incorporate proposal software in your sales systems. Not only will you write proposals more quickly, but you will also get paid more quickly, have your proposals optimized across devices, have the option of live chat within the proposal and much more.

If you’re still sending out proposals in PDFs as email attachments, it’s high time you jump on board the proposal software revolution – your business will thank you for it.

About the Author

Adam Hempenstall

Adam Hempenstall is the CEO and Founder of Better Proposals, simple proposal software for creating beautiful, high-impact proposals in minutes. Having helped his customers at Better Proposals win $120,000,000+ in one year only, he has launched the first Proposal Writing University where he shares business proposal best practices.

 



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Wednesday, 24 April 2019

Transcript of How to Turn Your Product Idea Into a Business

Transcript of How to Turn Your Product Idea Into a Business written by John Jantsch read more at Duct Tape Marketing

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Transcript

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John Jantsch: This episode of the Duct Tape Marketing Podcast is brought to you by SEMrush. It is our go-to SEO tool for doing audits, for tracking position and ranking, for really getting ideas on how to get more organic traffic for our clients competitive intelligence, back links and things like that. All the important SEO tools that you need for paid traffic, social media, PR, and of course SEO. Check it out at semrush.com/partner/ducttapemarketing, and we’ll have that in the show notes.

John Jantsch: Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch, and my guest today is Jules Pieri. She is the co-founder and CEO of the Grommet and author of How We Make Stuff Now. So Jules, thanks for joining me.

Jules Pieri: Thanks for having me, John.

John Jantsch: So maybe not everybody’s heard of the Grommet. Let’s start there. Explain what the Grommet is, and maybe more importantly, why you thought the world needed it.

Jules Pieri: Sure, so every day at 10 a.m Eastern we launch and reveal the story of one innovative manufactured product from a small business. Along the way, we’ve come across some products that definitely have become household names like FitBit, and Soda Stream, Otterbox, S’well water bottles. And the reason we founded the company was that as retail got bigger and bigger it was becoming increasingly difficult for small companies to break in. At the same time, technology, even the internet alone, were making it possible for better products than ever to get created from small companies. So there was a misfit in the market and a big opportunity.

John Jantsch: So tell me this, are these companies already in business kind of trying to find their way, and you find them and give them a lift? Or, do you actually somehow partner a little deeper than that?

Jules Pieri: It’s all over the map. We look at three hundred products a week. Some are inbound, most are about to be in production, are in production, or just out of crowdfunding.

John Jantsch: With a name like Duct Tape Marketing, I get asked this question all the time, is there a name story? Why the Grommet?

Jules Pieri: Yes, [inaudible] the silly one is I love grommets, I love hardware. I would say that the more business-y reason, because that’s important too, is first of all, I’m pretty good at building brands and I think we can get definition to this word. It was a word that was easy to say that a lot of people didn’t know what it meant and I kind of like that.

Jules Pieri: For the second reason was that if people did know what it means, that it’s a piece of hardware like a tent and a tarp, the round silver thing. It would be like a wink to them because that would be people who might understand products and creating products.

Jules Pieri: And that third reason is that specific hardware is like a humble hardworking entity and that’s how I kind of saw our company. That we would be kind of surrounding these embryonic companies and protecting and helping them.

John Jantsch: Yeah I fall into the wink camp because I’m doing the skull at about nine thousand feet in the Colorado Rockies, and camping and tarps and all those kinds of things are really important to our livelihood.

Jules Pieri: Oh for sure. I’m very happy to have the wink person on the other end of the line.

John Jantsch: You know the term maker now kind of seems like it’s carved out its own space in business lexicon. How in your opinion is somebody who claims to be a maker different than somebody who claims to be an entrepreneur or a business owner?

Jules Pieri: Well first of all, a hundred and thirty-five million Americans claim to be a maker, and they’re not all entrepreneurs. So clearly it’s a broad spectrum from people who are just doing hobby projects in their garage to people who are going all the way through to becoming what we call a Grommet. Honestly it’s interesting you point out that it enters the lexicon because when we started business ten years ago I was struggling to find a word to describe these companies because brand didn’t cover it, manufacture didn’t cover it, inventor didn’t cover it, entrepreneur didn’t cover it, sure as heck wasn’t going to call people vendors. So we were sort of dancing around a word. We called them partners, but that’s kind of vague. And then this word started emerging and I watched it and waited to make sure it stuck and also that it was broader than craft or hobby. It’s even broad in that it be descriptive of software entrepreneurs, like people who make things, but for the most part it works for us.

Jules Pieri: I will say there are some Grommet makers who wouldn’t identify with the word because it sounds too crafty to them if they produce a tech product. But I can tell you I’ve been pruning in the soups for ten years, I haven’t seen a better word. I do like the word.

John Jantsch: Yeah and I think like you said it’s like a lot of things, you know. There are a lot of makerspaces I belong to. I do it because I’m trying to make some stuff I want. But a lot of people have businesses that they’re running out of those spaces. I think it’s just become more acceptable. It’s kind of like fifteen years ago self-publishing was still seen as a not-so legit way to get a book out there, and of course now it very much is.

Jules Pieri: Right, exactly. Right like people are doing it for themselves and whatever rooted us into creating.

John Jantsch: Do you run across dreamers in this business? In other words, Kickstarters out there, I’m just going to put my thing out there and I’m going to get fifteen million dollars because I saw somebody else do it, and it’s not that hard.

Jules Pieri: Well, a dreamer who stays at the dreamer level won’t succeed. I mean there’s nothing wrong with starting with a dream, but the tenacity and stick-to-itiveness and just the sheer organization it takes to run a Kickstarter campaign would quickly weed those folks out. They wouldn’t see things through to the end of a successful campaign.

Jules Pieri: And yeah we do see people who maybe don’t understand what we do, which is really the spotlight and amplification, and they’ll send us a concept and think we will build the business around it. And you know, it’s just a misunderstanding, but not everyone wants to do the work and it’s a heck of a lot of work. That’s a core reason why I wrote the book to help people do the work.

John Jantsch: Yeah and actually I should backtrack. You have to start as a dreamer or nothing’s going to become of it, but obviously like you said it’s the implementation that is really what differentiates.

Jules Pieri: That 1% inspiration, 99% perspiration is absolutely true.

John Jantsch: So we sort of weighted into this already, what are some of the common mistakes that you see this group of makers falling for?

Jules Pieri: Somebody asked me that because, whether or not someone reads a book, I want to hit off the biggest mistakes. The first one would be not accepting the market opportunity right up front. Really doing everything you can to shape and quantify the potential customers for your product and getting beyond talking to your friends and family who will all tell you your product’s a great idea. You want to find strangers in the hard, cold light of day who will be able to embrace your idea or data that shows the market for your idea. So I would start there because it’s heartbreaking to me if they want a full-time endeavor they’re not looking for a moonlight side gig, they really want to build a business, I like them to go after a big target so that they can have lots of shots and goals. Name the company after your vision, not your first product.

John Jantsch: No, I was just going to say even working with established companies on their marketing the first thing I’m going to know is what problem do they solve and I think sometimes that’s a really good place to start for a product, isn’t it?

Jules Pieri: Yeah, and keep yourself really honest there. Sometimes it’s hard to find the kind of data so you can’t always satisfy that itch and it’s one you should try. There is obviously a kind of data out there about just about any population or market, but sometimes if you’re on something super new it’s hard to find that data. But then you do your best to substitute that with your own labor to satisfy yourself, it’s worth pursuing.

John Jantsch: Yeah, some of the biggest hits have been people that created something that solved a problem people didn’t know they had until it was there.

Jules Pieri: Right, I would say this is a pretty good example. Now, it was hard to quantify the number of people who would want that data on their wrist or in their pocket. Exactly, the prior product would have been a kind of clunky speedometer that had no connectivity to a community or to a manufacturer to your phone. So it’s not a great comp, but it was pretty easy to assume that people were interested in fitness and that steps if they were captured in a convenient sort of waterproof, well-priced, good form factor way, that’s not a hard leap to assume that could be interesting. But some products are a harder leap.

John Jantsch: And the many duplicates are probably a testament to the popularity of that.

Jules Pieri: Yes, the second area though, you asked me for things to avoid. Name your company after your vision, not your first product because retailers like a full line of products and you don’t want to limit your own opportunities with your name. So an example outside of the product area would be TaskRabbit, which was originally called RunMyErrand. Now people think of TaskRabbit for just about anything, whether it’s a handy personal project or assembling IKEA furniture or picking up dog food, which was the original inspiration. And RunMyErrand is way too narrow and it’s expensive and hard to change the name when it needed to be changed.

John Jantsch: Yeah, good point. So one of the challenges I suppose is somebody creates a good product, maybe they raise the money in a Kickstarter kind of way, but distribution is really going to make the difference. I know that distribution, you know if you created say a board game and then you couldn’t crack the New York board game buyer, you weren’t going to get in the market. What’s the best path for that kind of maker to circumvent the traditional distribution channels?

Jules Pieri: Well, frankly that’s at the heart of why we started the business because there wasn’t a really good path in that. The traditional channels, by the way, are still powerful. Going to trade shows is still a very credible thing to do, I wouldn’t discard that. People still do engage reps who will present your product to retailers when they have the relationship. People still do some traditional trade advertising, but the downside of all that is it does kind of feel kind of 1970s in terms of we live in a digital world and everything I just described and looked at, it is not virtual, it’s showing up. So we try to crack that in terms of creating that community who give products the audience and visibility, and that just simply didn’t exist, we start the Grommet.

Jules Pieri: I will say social media was super important to me in starting a business. At first, it was Facebook, primarily a vehicle to climb that audience, and today I think the closest thing or the best route other than some of these I just mentioned would be Instagram. Instagram is pretty brilliant for if you can make the investment, it’s a serious investment, in great content and consistency. It’s the only thing I’ve seen that, kind of gist in the Grommet, this sort of universe of doing it for yourselves and finding the community directly. It’s a sophisticated platform so the imagery must be beautiful, the copy, the video, has to be on par with everything else there. But there are breakouts that happen there and certainly for anyone with a big budget you can master Instagram and all the social platforms. But assuming without a big budget it’s going to be more about sweat equity and putting in the time to create great content.

John Jantsch: But I’m glad you mention that though because I think a lot of people with all these digital channels, the promises there to reach all these millions of people, but I really think some of the most effective marketing is figuring out how to integrate some old school with some new school, and not necessarily depend on one or the other.

Jules Pieri: I would agree with that. It’s still true that, for instance, going to trade shows, there’s a million reasons why it’s helpful. It’s not just for finding buyers, they have showcases of innovative products and competitions, and Shark Tank like environments where you can get a lot of great advice and make great connections. You can walk the booths and not only see competition, but talk to people who maybe aren’t competitive but have cracked some manufacturing issues or packaging issues that you have ahead of you so you can get really smart really fast. It’s like this mini university under a horrible convention center roof.

John Jantsch: That cement floor is no fun either.

John Jantsch: So you already hinted at this idea that if you’re going to play on Instagram you’ve got to have beautiful images and content and whatnot. How often do people underestimate the role of design in the whole picture?

Jules Pieri: That’s like I’m a hammer and you’re a nail asking me that question because I’m a designer. Here’s the deal, whether you’re creating a package or creating a product or some piece of marketing communication, it generally costs the same amount of money to produce something bad as something good. The shortcut you take is the front of skipping the pro, it’s keeping the advice you can get from somebody who has done some of this work before, it’s a costly skip is basically what I’d say. There are very few products that can’t benefit from the designer, which they’re available at the other side of a few keystrokes on the internet in many cases. Certainly, good networking can lead to good designers, so I think it’s a super important investment and certainly consumers don’t overlook it. This is a key differentiator in products so I’m not sure why people would skip that step.

Jules Pieri: Here’s an example where it often gets skipped. Quite often when you’re offshoring and producing in another country there will be a proposal from the factory. You know, here’s your cost all in, they may offer to design product, they may offer to design the packaging, and quite often the results show that this effort was done by people who don’t understand the market you’re serving or don’t have the commitment that you have to quality or don’t even use the language the way you would use it, the materials you would use. So it feels like you’re saving money, right? Have this thing delivered all the way from wherever, but it’s an expensive ten dollars sometimes.

John Jantsch: I always say this to people, listeners have heard this from me before, but I frequently hear my kids when they’re looking, and they’re in their upper 20s-30s, and they’ll pass a company by, oh their website was terrible. The experience was not good. The design was so old school, not even looking into that company. So I think people, especially when that three-four seconds is all you’re getting, it makes a difference.

Jules Pieri: That’s a good point because that’s where what you just described exactly what your kids say is where this phenomenon of the direct consumer businesses like Warby Parker or Harry’s or Cas-Ker are winning because those companies understand that from the very first contact, whether it’s an Instagram post or website or return policy or ability to chat, these are companies that definitely get you in serving what you consider to be a modern experience, a customer-friendly experience. And I suit your aesthetic or your vibe or your values.

John Jantsch: Yeah and that’s why stories are such a big deal too. It’s not just the nice looking website, it’s the story too. So speaking of stories, do you have a favorite one you want to share from your thousands I guess now from the Grommet?

Jules Pieri: One that I think sums up the crazy extremes happening in the world that I’m living in with makers is we have a maker who created a product that is called the Negg and it is a way to at home, little tiny device, about the size of a cup, that peels a hard-boiled egg with a couple shakes. So it’s genius, it really works, and the entrepreneur who created it was a web designer, an entrepreneur who has a web designer consulting firm, and basically she saw a void in the market and went after it.

Jules Pieri: And so Bonnie, who needed to prototype the product, she had figured out how to do this essentially, she miniaturized what commercial egg peelers do for the home in a non-power device. And she signed up for a 3D printing course at her local library. So Bonnie shows up for this class. Now Bonnie, you’re probably going to be surprised to hear, is 76 years old. And she shows up for the class and the instructor walks into the makers space in the library, and the instructor is 11 years old, and therein is born the Negg. It’s made in Connecticut and a very, very successful product thanks to the meeting of those two generations.

John Jantsch: That is a great story and I have to tell you my own little story then. There was a little deli, just a one-two person place that was right around the corner from my office. I love egg salad sandwiches, they make great egg salad sandwiches, and one day she didn’t have anymore and she said, I just got tired of peeling the eggs. So I need to tell her about it.

Jules Pieri: Yes! Oh my gosh, yes. Exactly.

John Jantsch: That’s funny.

John Jantsch: Jules, where can people find more about the Grommet, more about you, but then also, How We Make Stuff Now?

Jules Pieri: Actually it’ll be a website with exactly that title, How We Make Stuff Now, and it talks about what’s in the book, I made a video about the book there, but also it is a great place for additional resources. I list out chapter by chapter the references in the book, but I’ve been adding them every week as I learn things after the publishing of the book. I’m going to keep that as a living document to help me personally.

John Jantsch: Awesome. Well Jules, it was really great to hear your story, great to hear about the book and the work that you’re doing. It must be really gratifying to see some of these folks that are struggling that you’ve really lifted up.

Jules Pieri: It feels like my life’s work and I’m really proud of it.

John Jantsch: Thanks for joining us. Hopefully we’ll see you out there on the road.

Jules Pieri: Yes, thanks John.



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