marketing budget

The Rise of Digital Marketing

Screen Shot 2015-02-09 at 1.26.20 PMThe digital world is tied directly to data, and data is everywhere. When it comes to marketing, data informs marketers about audiences, their interests, intentions, and where they choose to interact. I believe that being able to analyze big data, create original content and having a sound digital strategy are three key factors a company should consider while aiming for success in the current digital climate.

Big Data

Because of the rise in available data, digital media has become an incredibly integrated part of consumers’ daily lives, and digital platforms are constantly updating themselves in order to provide the best user experience.

Being able to analyze and report data is a key component to any marketing strategy (at least it should be). Everything will be enhanced by the growth of big data – get ready!

Content

I’m sure you’ve heard the phrase, “content is King”. When content is relevant and interesting, consumers cannot wait to read and share your brand’s content. This includes video content too (Instagram recently introduced a looping feature on their videos!).

Also, blogs are making a comeback because SEO matters now more than ever, and you need content to post on your social media sites – what better content than your own, right?

Digital Strategy

The changing digital landscape means digital marketing is constantly evolving, and marketers, like myself, are forced to learn how to use new software, how to use different platforms (including mobile), how to apply new techniques, and how to manage and optimize marketing efforts.

Location matters more now too. As the Internet grows at an incomprehensible rate, users are looking for more local experiences. We’ve seen the emergence of companies, like Uber and UberX, providing local goods and services at the push of a button. Being able to offer customers a local experience (that’s easily accessible via their smartphone – think convenience) keeps you relevant. This means we should see a rise in the amount of geo-targeted advertising, and social content created.

Content creation, SEO, and social media, shouldn’t be treated as specific departments, but rather as skills that exist inherently within your marketing agency (or internal marketing team).

What does this mean for businesses today?

Before you, or your company, settle on a marketing budget, I recommend you look at the latest trends and technology, and understand which of these your customers use so you can create a plan that leverages all available data. The success of today’s marketing campaigns largely relies on sound marketing strategies that have adopted new digital technologies.

If you’re unsure of where to start or if your marketing strategy is outdated, please contact me at info@creativeworksmarketing.ca to see how I can help your business.

Does your company have a digital strategy in place? What are your biggest challenges with digital marketing? Comment and share your thoughts with me!

You Need to be Found: Google Adwords

Google-Magnifying-Glass1

Today’s economy is challenging for many businesses, but it’s an even bigger challenge for the SMB owner, who is forced to use increasingly smaller marketing budgets to increase brand recognition and drive sales through lead generation tactics. One such lead gen tactic is Google AdWords. You’ve seen those ads that appear on the side of the page every time you search for something on Google. Businesses bid for this online advertising through Google AdWords. All you have to do is create an ad, and choose specific search keywords which you would like to target, and, voila! Your ads might appear on Google, next to the search results. The idea is that people interested in your product/service can simply click on your ad to either make a purchase or learn more about your company.

Sounds simple, right? Well, from a conceptual standpoint, it is. In practice, however, we have found that for many of our small business clients, using Google AdWords is more of a science. Finding the “right” balance of key words, with the words used in the ad, together with the right bid amount takes many, many hours of ad monitoring, key word adjustment, ads revisions, as well as working to increase ad click-through rates and daily budgets.

Google AdWords is generally thought of as an ideal advertising “add-on” for small businesses with limited budgets, but even if you know what you’re doing, depending on your industry and keywords, it can be an expensive venture, and therefore needs to be closely monitored (in fact, hourly monitoring is best!).

Here are a few lessons that we’ve learned about Google Adwords for small business that I’d recommend to any small business considering investing in this advertising program.

  1. Before you create your ad, spend some time reviewing your web analytics to see what terms people are using to find you online at this point. Google Analytics offers this type of information.
  2. In combination with the keyword tool Google Ad Words provides, create a list of targeted keywords (narrow these down to focus on a specific service/product and your targeted audience).
  3. Create two very targeted ads. Always create two ads, so you can see which one is doing better, and simply replace it as the campaign evolves.
  4. Decide on your maximum monthly budget (I suggest being able to spend at least $100 a month).
  5. Direct the ad to link to a specific page on your site. Or, if you have the budget, create a landing page on your site specifically for this ad. For services, this page needs to have the ability to capture lead gen via a form or download. For products, this page needs to have a special offer.
  6. Launch the campaign, and monitor it hourly. Keep a close eye not just on your cost-per-click (CPC), and the Average CPC (how much you are paying on average per click), but also the first page bid estimate (which tells you how much you need to spend to be on the first page).  These three areas will help you to decide which terms you may want to pause, and which ones you might want to increase your bid rate on.
  7. You’ll need to make sure that you have metrics on your website to track the number of people that are actually coming to the linked page via Google.
  8. Run the ad campaign for a month (if funds permit), and generate a report at the end of each week to capture the CPC, which key terms did well, increase in traffic to your site via the ad, how many leads were generated (or products sold), and note if there is a pattern emerging. For example, you might notice that there are lots of clicks on Thursday and Friday mornings, and it tapers off over the weekend, and early in the week.  You can then decide to put more money towards your CPC on Thursday and Fridays.

I have tried to capture the basics to help create and launch your Google AdWord campaign, but it’s worth noting that this tool has a huge number of functions. There are other options to consider, including impression vs. clicks; how to increase your quality score; what is the advantage of display networks vs. search; what are filters and ad extensions; and how should you determine your campaign settings and so much more.

With such a deep online advertising tool with a multitude of variables you can see why, if used correctly, Google AdWords has the potential to increase your ROI. It does, however, require considerable thought, time and effort to make it work for your business.

Have you used Google AdWords in your small business? If so, have you found it helpful? Has it increased your ROI? Do you have any questions about how to set up a Google AdWords campaign? Please share your questions and comments below.