I want to talk about a little issue that I encountered today with information product sellers. This is a DRASTIC mistake that is probably overlooked 99% of the time and in this case, resulted in a refund. The big problem: Do not sell your product at a much higher cost if your competitor is offering exponentially more value for exponentially less. Now, I know what you’re thinking, “Well, we’re not the same person, and we have...
I want to hear directly from you — business owners, marketers, executives, whatever your title is.
What are your biggest frustrations? What is your dream scenario when it comes to online marketing?
You likely have a laundry list of issues, frustrations, fears, and aspirations that could stretch down the Nile river. If you share these with me, then I hope that I will be able to help overcome some of these frustrations, or beat some of these fears which could help you achieve your ultimate goal with marketing your business online.
Tell me what you want to hear!image source: incomediary.com Read More
Take a look at these Statistics about Online Marketing. Something needs to be done about some of these!
Let me preface this by saying — WOW!!
Some of the statistics presented here are absolutely mind blowing, and need to be taken care of. Look at the 60% dissatisfaction rate with SEO services!
Take a look at these insights, and I will also stop the article from time to time to break it down.
My comments will [-- appear like this --]
Online Marketing Survey – Summary of Results
In July of 2012 WebStrategies Inc. developed and administered a survey. The purpose of the survey was to better understand the needs and challenges of the business owner and marketing manager. The survey inquired into marketing activities in general, online marketing and measurement of marketing activities. The survey was distributed to 116 business owners (excluding start-up’s), marketing managers at larger firms and decisions makers at marketing agencies. 87 surveys were completed.
Marketing Needs and Challenges
Generating prospects, sales and acquiring new customers were reported as the most pressing marketing issues with 72% of respondents rating “increasing sales” as their top priority and acquiring new customers (64%) and lead generation (36%) as the other top priorities.
In terms of challenges associated with online marketing, respondents reported that measuring results and maximizing ROI (37%), and identifying the right online tools to use (36%) were their greatest challenges. [--It is the nature of this beast that information is in abundance. However it is ridiculously disorganized, and there are people who want to keep it that way!--].
Additionally, 26% of respondents sought help with SEO (search engine optimization) and another 22% sought help with having an effective website.
Respondents have a very favorable view of marketing and the impact it can have on their businesses. 92% of respondents were either very or somewhat confident that better marketing on their part would have a positive impact on their businesses. Also, 69% of respondents felt their current marketing efforts were well targeted to their desired prospects.
The biggest problems/challenges faced by the respondent group were limited budgets due to the challenging economic climate (32%), acquiring new business (30%), getting an acceptable ROI on marketing and other investments (26%), allocating resources to the right activities (24%) and not having enough time in the day (23%). [-- Not having enough time in the day is a huge issue for small businesses looking to implement web strategies, we need to provide them with a better analysis of how we can serve them while keeping costs low and efficient --]
61% of respondents considered online marketing to be extremely or very important to their overall marketing mix. Moreover, 37% of respondents reported that online is an important way prospects in their market find products/services and another 33% reported using online marketing efforts as a means to remain contemporary and leading edge.
Measuring the Effectiveness of Marketing Activities
Even though 88% of respondents felt measuring marketing effectiveness was extremely or very important, 34% don’t currently use web analytics in their measurement efforts. For those who do use web analytics, 22% used the data only to track only to track the number of visitors to their websites and another 22% reported using web analytics as a guide to make improvements. [-- Holy Crap! 22% only using it to track visitor count? That's like renting out a store just so you can count how many customers walk in. What good does it do? Additionally, 34% don't even use analytics. This made my jaw hit the floor, instantly. These businesses have virtually no way of knowing what their visitors think of their site. How can they possibly hope to measure an ROI? -- ]
Working with a Marketing Supplier and/or Agency
When asked about what motivates a business owner or marketing manager to work with a marketing supplier or agency, 42% of the respondents reporting having a lack of expertise to do it effectively, and another 19% reported not having adequate time to do it correctly.
Regarding the most unsatisfactory elements respondents reported having upon working with a marketing supplier and/or agency, 35% reported it being too expensive. Additionally, 30% of the respondents claimed the supplier or agency never really understood the client’s business and another 30% experienced dissatisfaction with the lack of measurable results. [-- If you ask me, this 60% dissatisfaction rate is absolutely atrocious. These two reasons for dissatisfaction fall on the responsibility of the SEO provider, and too many of us are not doing enough. Any Web Strategist worth his salt can measure the results of his SEO work thoroughly enough to convince even the most scrutinous of business owners that he's worth his salt (or hers). I chalk this up to the absurd number of "SEO Providers" that were scraping by using invalid techniques that became virtually useless in the most recent Google updates. We need to develop some industry standards here!! -- ]
Thank you, webstrategiesinc.com for publishing these results. As a web strategist these types of statistics give me invaluable insights into the state of the industry and where we need to improve. Not only does it give us insights into the industry, but it lets us know what our audience wants and needs which really, is the only thing that keeps us in business.
Things to take away from the article:
- Incredible lack of understanding/transparency for businesses looking into SEO
- Absurd rate of dissatisfaction due to lack of effort on behalf of the SEO
- Analytics needs to be pushed and pushed and pushed