Tag Archives: Website Traffic

The 3 Mistakes Small Businesses Make When Creating a Website

So you have decided you need a website! All of a sudden you are faced with a few choices, which we will discuss in-turn;
• Outsource to a Web Design company for a custom-made website
• Use a freelance web designer and adapt a template to suit
• Use a free template based design and do it yourself

We see many small business owners decide to go down the path of having a custom-made website through a web design company. This can require a sizeable investment, with many (by no means all) website companies targeting their product towards larger businesses with charges upwards of $5,000 (we have heard of up to $15,000 being paid).

Mistake One: Not knowing your ongoing costs. The problem here is not so much the quality, as these websites usually look and work fantastic; the issue is cost to manage. We have many clients complain that they have ended up locked in contracts where every little change costs them again, to the point where many have told us they just put up with what they have.

Our Tip: Find out the cost to develop AND the cost to maintain your website
Using a freelance web designer and adapting a template to suit can cost up to around $1,000. That’s factoring in buying a domain and hosting, buying a template and paying for it to be adapted and having a marketing / copy professional write your copy and assist you with targeting your market. This is our preferred method and developing web content and strategy has become one of our most popular services. The big advantage here is you usually get an easy to understand back-end system, which means if you want to change a picture or update some copy, add a promotion or feature a new product, you can do it yourself.

Mistake Two: Being convinced your website has to be one of a kind. The biggest downside here is that using a template generally means your website is not an original – that said does it need to be? If it looks professional, meets your objectives and connects with your target market, it doesn’t need to be one of a kind.

Our Tip: Make sure the web designer and the content writer can work together. You don’t want to ‘middle man’ every question.

Lastly the cheapest option is using a free template and DIYing.

Mistake Three: Not factoring in your time into what DIYing is really costing you. It costs nothing but your time, which can be considerable and sourcing a good hosting company. Be careful though, your website is a reflection of your business and is used by consumers to determine if you are a credible, trustworthy, quality brand. It’s imperative your website communicates that. Only DIY if you have patience, some creativity and great problem solving skills.

Our Tip: Consider outsourcing bits and pieces where you just can’t crack how to do it right.

If you would like a second opinion on a website about to launch or one that’s not delivering the results it should, our Wise Up Online Package includes a website effectiveness audit and a 20 page report uncovering the truth about your website and identifying how you can unleash it’s true potential.

Until next time, W is for Websites. And that just leaves X.Y.Z! Are there any topics you would like covered once we close off the A-Z of Marketing?

Mary-Anne


What is Pay per Click and Google AdWords advertising?

pay per click online advertisingPay Per click advertising is a strategy that’s not for everyone. Those who do use it and use it well enjoy increases in both traffic and sales, with complete control of cost. Google AdWords and Facebook Ads have become popular pay per click or online advertising programs with simple to use tools that make setting up a campaign very straightforward.

This post will outline what pay per click is, how much it costs and will look at how using Google AdWords can help you establish your own successful pay per click campaign.

What is Pay per Click?

Pay per click (PPC) is the online advertising vehicle where the advertiser pays for every time their ad is clicked. The advertisement will appear whenever it matches search requirements, known as impressions. When the advertisement is clicked by the searcher, the advertiser is charged – this is called the cost per click (CPC). The amount the advertiser is charged can work on a bidding system, so you might be charged different amounts each time, or a flat rate, depending on the company you go through. The conversion of impressions to clicks is known as your click through rate (CTR).

Research says that 20% of people will click on paid search results. Although that number doesn’t seem huge, depending on your category, getting onto the first few pages of organic search results can be a long process and if your category is highly competitive with big players, it can be extremely difficult. PPC gives you the chance to get on the first few pages of search results with a daily budget that you set.

We have had clients get on the first page spending just $14 a week and getting 82 click throughs. Another client spends $21 a week and gets 957 click throughs (2.68% CTR) operating in a very popular category but carefully selecting niche keywords.

How much does it cost?

PPC allows you to set a daily budget with each click through becoming a credit charged against that budget. Once the budget is exhausted, your ads will no longer appear. With PPC as stated above, you only pay when your ad is clicked. Your ad could appear 100,000 times and if it is only clicked once, you will only pay for the one click.(Although that would give you a dismal CTR and you would want to reassess your ads and your keywords to find out why you are not getting clicks).

The bidding system for PPC is based on an auction model, where keywords are bid on and the resulting rank in the paid search area is determined by the bid. Each keyword will have a different CPC as the popularity is different, therefore the bids will be different. E.g. Sydney flowers may be $1.50 for the top position where as Dubbo flowers may be $0.65.

If you operate in an extremely competitive category expect to spend more on your CPC. If you work in a less competitive category or drill down on keywords that match your product or service more specifically than other businesses, you may be able to secure a lower CPC.

Think of the bidding system like a silent auction. You can either state your maximum bid per keyword or make a general rule e.g. if I set a maximum CPC for any keyword to $0.80, the system will then use this information along with bids from all advertisers to determine who gets returned in the results and in what rank. The winner is charged the highest bid, not necessarily their maximum CPC. Just like on eBay; you might set your bid limit on that handbag for $200 but have the winning bid at $175.

Why Choose Google AdWords

google adwords toolsSometimes it seems the world is Google mad. Call it effective branding, but I generally use the word Google as though I learnt it on a flashcard as a toddler. I always find it interesting when in a movie or TV show they use Bing as their search engine; I see it as futile attempt to shift what already is second nature to many.

Like with all assumptions, sometimes you can’t help but stop and ask “really?” I was so pleased when I came across this Experian Report that stated Google accounts for 65% of all search activity. With the Bing group accounting for 29%, meaning all the hundreds of other search engines share in the reaming 6%. This left me feeling very validated about always wanting to “Google it” and for favouring Google AdWords for our own and our clients PPC campaigns over Bing Paid Search.

With Google accounting for 65% of all search enquiries, using Google AdWords gives you the opportunity to get in front of 65% of searchers. Google AdWords tools make it easy to set up a campaign with tested Keywords (read our post on Mastering Keyword and Keyword phrases for SEO), estimate the traffic it will bring and manage your bids and daily budget – allowing you to set your campaign and for it to self-manage.

We recommend checking on your campaign every few days to:

  • Review your keywords; which are getting the most clicks? Are there similar words or phrases you could add? Are there words with lots of impressions and no clicks? Should you pause them or check your ads to make sure they are maximising your keywords in the copy.
  • Review your ads; which are getting the most clicks? Can you create any news ads by mixing words from your two ads with the highest CTR?
  • Check your page rank; are you average past page 5? Do you need to increase your CPC bid to ensure a better page rank?

Running a Google AdWords campaign successfully requires constant monitoring and adjustment in response to the results you see. We loved this article by Melinda Samson on Copywritematters.com.au that takes the rules of online dating and applies them to your Google AdWords campagin.

My experience with Google AdWords and Facebook Ads

I was lucky enough to trial Google AdWords and Facebook Ads for free. I received a free $50 credit for Facebook Ads when I signed up for my website and Google AdWords has a $75 credit for all new accounts running (we have a Google AdWords package to help get you started).

I operate in a highly competitive category, dominated by big business; keywords I target include Small Business Advice and Marketing Consultants, each having bids up to $5. I found with my trial I needed a high daily budget, a high CPC bid and the results were average. On Facebook Ads however, I targeted interest groups and demographic information instead of keywords. I displayed my offer and not only got clicks, but got likes, resulting in a longer term relationship being established.

My advice is if you can find a niche avenue to explore, use Google AdWords. If you operate in broad categories, try Facebook Ads. If you are not sure which to try, go with Google AdWords, after all who can argue with $75 free advertising while you tread the water and test some results.

Until next week, P is for Pay Per Click and also Panic! It’s December 8 and I haven’t written my Christmas cards or started my Christmas shopping yet! Have you?

Mary-Anne

www.wiseupmarketing.com.au

Image 1 Source

Image 2 Source


How to Measure Success

In my very first blog post (5 Steps to Host Your Own Census) I made this huge confession:

“Being a passionate and dedicated Marketer, over the years I have become near obsessed with measuring; measuring results, measuring profitability and of course measuring the target market.”

So as M drew closer in the ‘A-Z of Marketing’ series I was filled with excitement and jotted on copious post-it notes the measurables I wanted to share with you.

Measuring your performance, not just financially, but also your connection with your consumer gives you a reality check. It uncovers the true effectiveness of your strategies and guides you in how to improve your business and stay ahead of the competition.

5 KPI’s (Key Performance Indicators) for your Business

1. ROI (Return On Investment)

In the marketing sense ROI is used to analyse the profit on a campaign you have run, to determine the percent return on investment.The formula is:

Return on Investment Formula

This result would mean we had a 62.5% return on our investment. You will need to get a benchmark of what is acceptable for your own business and work to improve over time. A negative ROI means that you have lost money and in that case you would need to question the appropriateness of your strategy.

2. Wholesale Margin

Use this formula to determine the margin you are giving a retailer. Often the wholesale expectation sits between 45-55% of retail depending on the outlet.

Set the RRP you believe the market will accept for your product and then use this formula to calculate the wholesale margin you are giving to your retailer.

wholesale price formula

GST TIPS: To remove GST divide by 1.1, to add GST multiply x 1.1, to work out the GST component divide by 11

 3. GM (Gross Margin)

Use this formula to determine how much money you will make from each item you sell. As this is Gross Margin, we are only concerned with the costs associated with making the goods or service.

This is the key way we measure if a wholesale price requirement will be profitable for our business. The formula is:

gross margin formula calculation

4. CTR (Click Through Rate)

The CTR tells us how many people are clicking through (clicks) our online advertisement as a percentage of the total times our ad was shown (impressions). We measure CTR on the banner and badge advertising we do on websites and also when we undertake pay per click campaigns E.g. Google AdWords, Facebook Ads. The formula is:

Click Through Rate Formula

The CTR benchmark is different by business and will differ based on whether you operate in a broad or niche category. The DoubleClick Benchmarks Report, published in 2010  lists 0.10% as the CTR benchmark on static online ads.

5. CPV (Cost Per View)

We recommend our clients estimate a CPV when approached with an advertising opportunity. We are all often wondering “Should I advertise in this publication?” and “Is this advertising opportunity worth it? Measuring the CPV helps you to break down the advertising costs and assess them at a leads level. If you could buy a mailing list for $1,000 and it gave you 1,000 names you would say it was a $1 per sales lead. Similarly CPV is calculated with the formula:

Cost Per View

You would then evaluate the CPV against how valuable the lead is. Further you may want to take the distribution and cut it down to what you believe is your target market, e.g. the distribution is 20,000 of which 5,000 are your target, say Elderly Couples on the Pension, you then would work out the CPV against just your target:

2,500
5,000

=$2

 Your CPV has increased greatly, but with few mediums that get in front of that target and the targets affinity with local newspapers, we would say it is a reasonable CPV.

Check your Web Stats to Monitor Web Traffic

If you have a website (is it even worth asking anymore?) you may feel uncertain at times as to whether anyone visits it, if it’s working as hard as it can for you and most importantly, is it converting browsers into customers.

Your web stats are measuring every interaction browsers are having on your website, all you need to do is logon and analyse them.

The two stats we pay the most attention to are both functions of time. When we undertake a Website Effectiveness Audit, firstly we look at the Bounce Rate. This is given as a percent and tells us how many people landed on our page and clicked off (bounced) straight away. A high bounce rate tells you that the majority of traffic to your site are arriving and deciding instantly you’re not the right fit. Work on decreasing your bounce rate by improving your home page appeal or direct traffic to the page most relevant to them e.g. product page, location page etc.

Dwell Time, is the other time based base measurement we encourage you to look at. Once we remove the people that ‘bounced’, we want to know how long the rest of our traffic stayed for. These are usually presented in bands of time e.g. 0-30 seconds, 31 – 2 minutes etc. Again we want our traffic to stay as long as possible, browse many pages and convert. If you have a very low dwell time, work on engagement with your traffic, add more images, a video, a blog, FAQs, any valuable content that will increase the time your potential consumer spends on your site, getting to know you.

We run a Website Effectiveness Audit for just $49.95 which includes a “Traffic Light Report” on how your website is performing, please get in contact if you would like to know more.

When you set out to measure success you need to remember that success looks different to everyone (and to every business). The key is to benchmark against realistic targets for your business.  Focus on how to be more profitable whilst exceeding your customer’s needs and your business will continue to grow.

Until next week M is for Measurement and also for Making it to the halfway Mark in the A-Z of Marketing!

Mary-Anne

www.wiseupmarketing.com.au


How to Market a Small Business with a Small Budget

Starting a Small Business is an investment of time and money. As a small business owner, you invest large quantities of both and naturally you feel frustrated when the results don’t reflect what you’ve put in.

This post is a “How To”, giving you some ideas on making the most of your financial budget and time invested into your small business.

 

How to Advertise a Small Business

When you run a small business, you will find yourself inundated with advertising proposals. Every proposal that comes in promises you the earth and assures your investment will pay off in valuable sales or sales leads.

It can be hard to differentiate between the advertising requests you get. When it comes to weighing up a proposal, make sure you ask enough questions to assess if it’s right for you. At a minimum make sure you ask:

  1. How many people read the publication / browse the website?
  2. How are these figures compiled, are they externally audited? (i.e. are they real and trustworthy?)
  3. What is the age / gender / location breakdown? or
  4. Who is the age / gender / location target?

Compare the information you receive to your target market profile. Does the advertising fit your business? Does it closely target the consumers your product or service is aimed? Or does it cast a very wide net in which some of your consumers are present?

Estimating how many of your target market will view the advertisement helps you analyse the true value for money. You can work out the cost per view by dividing the cost by the estimated number of target consumers who will view the ad. For example; an investment of $1,000 to target 10,000 consumers costs us 10 cents per view, where as an investment of $100 that reaches 200 consumers costs us 50 cents per view.  Although the advertisement may reach a greater number of people, we are only interested in the cost per target consumer, as the rest is wastage for us.

How to drive PR for a Small Business

When you successfully drive PR for your small business, the benefits can far outweigh the time investment needed. With an increase of review websites, product and news blogs and traditional media branching into online spaces, there is more opportunity than ever before to get your product or service talked about.

Have a go at writing your own press release if you have the time or get it done professionally if you have the money. Send out your press release to every contact you can and don’t forget to hound your local paper – they need to be supporting small business in their area and that includes yours!

How to get the most out of your Website

We all pay attention to the colour scheme, the layout, the pages and the pictures, but often critical data such as the Title Tag and Meta Data which aren’t seen by browsers, but are read by search engines, are neglected.

Maximise the money you invest in your website by knowing how your target consumer searches, then ensure your content, title tag and meta data are all maximising these search strings, so your website screams at search engines “PICK ME! PICK ME!”

We run a Website Effectiveness Audit for $49.95 and this often diagnoses the key reasons why your website isn’t ranking in searches and bringing in the traffic you wanted it to. When your website is search optimised, it runs effectively and delivers you more profit against your initial investment.

How to get the most out of your Social Media

The biggest investment you will put into your Social Media is your time and when you start out that seems like something you have in volumes, but as your business grows, your time budget shrinks.

Limit the amount of time you spend on Social Media each day, as it can easily be a distraction from what your true business is. We recently read this great article on “Why Social Media is a Waste of  Time” and thought the tips for time maximisation here were fantastic.

Budget your Social Media time investment so it is split between:

  • Networking / Attracting New Consumers
  • Following Up on Enquiries
  • Sharing Valuable Content

There are great tools to help you manage content across multiple Social Media outlets at the one time, I personally love Hoot Suite to manage Facebook and my new Twitter  account simultaneously.

How to Ask for Help

Lastly, sometimes we need to admit we can’t do it all, whether it is because we are not qualified or we simply do not have enough time.

Paying an expert for a few hours of advice saves you time and money in the long run, rather than muddling through trying to learn and execute simultaneously. The more technical the problem, the more valuable the help will be.

Reach out to small businesses that can help your small business. There are a multitude of virtual assistant businesses that give you the support systems of working in a big business without the actual staff and spacing costs. Could someone else manage your Inbox? Could your Social Media content be executed on your behalf? Would you finally get that PR Campaign out if it could be printed and stuffed into envelopes for you?

Sometimes the best H word in Marketing is HELP!

Until next week H is for “How To” and for not being afraid to ask for help.

Mary-Anne

www.wiseupmarketing.com.au


Google+ for beginners (that’s us)

I am going to start by being completely honest; I don’t have a Google+ account.

Want another confession? I just looked at Google 101 for the first time to have some sort of visual in my head of what it all is. So how could I credibly dedicate my A-Z of Marketing post for G to Google+?

This post will bring to you a range of resources, which I have been collecting on Google+. So let’s work on this together and hopefully in a few weeks we can all start to add each other, or is that like or maybe follow? We’ll work that one out as we go along.

So let me hand over to some experts to get us all up to speed.

How to set up our Google+ Profile

For a step by step set up guide see this Social Media Examiner post www.socialmediaexaminer.com/how-to-get-started-with-google-plus-your-complete-guide/

A cheat sheet for the new lingo from All Google Plus http://allgoogleplus.co.uk/2011/07/05/google-plus-cheat-sheet/

Some video presentations from Hubspots Blog, in case you get tired of reading http://blog.hubspot.com/blog/tabid/6307/bid/22741/10-Awesome-Google-Presentations-to-View-Today.aspx

Making Google+ part of your Social Media Strategy

Here are some tools to connect Google+ with your other Social Media and online platforms:

And a tip for businesses from Google themselves http://www.youtube.com/watch?v=c4oafKRykUg&feature=youtu.be&noredirect=1

Why we should embrace Google+

Google+ promises better search, customisation and analytics than Facebook. This link in particular got me interested http://googlepluses.blogspot.com/2011/08/4-reasons-google-brand-pages-will-be.html

The ability to talk differently to different groups (circles) allows for targeted marketing (and also not promoting your business to your friends and family every day). Learn more about that here http://tek-bull.com/2011/07/five-reasons-why-you-should-join-google-plus.html

Mike Spinak from Naturography gives great insight into his experience with Google+ http://naturography.com/join-me-on-g-plus/

Well all this reading has got my interest peaked! I’ve just signed up! Why don’t you join me on Google+, Mary-Anne Amies https://plus.google.com/# and let’s talk about how we are going to make the most of this new social media platform!

Until next week G used to be just for Google, now it’s for Google+!

Mary-Anne

Wise Up Marketing


Email Marketing Basics for E Newsletter Success

Nearly every small business we talk to is looking for the same thing – cost-effective marketing solutions. “How do I get my business in front of potential customers without spending a packet?”

This post will guide you through email marketing and help you unleash its potential for your business. Follow our easy plan to increase your open rate, your click-throughs and your shares, giving you E Newsletter success!

E-Mail Marketing: The Basics

It is important before weE Mail Marketing even begin, that we clear one thing up, E-Mail Marketing to us does not involve bombarding our potential customers with offers every week in the hope they will buy from us. We are a business that rarely advises you to compete on price, so it should be no surprise that our e-mail marketing strategies will not focus solely on price promotion. Instead we believe you need to value add. You need to give your target customer a reason to open your e newsletter,
over and above this week’s special.

E Newsletters have emerged as a very successful E-Mail Marketing tool, as they give a personality to your business and allow you to connect with your customer over and above a promotion or sale. It’s an opportunity to bring together all your social media platforms and deliver a concise summary direct to your subscriber’s inbox.  Oh and did we mention, it’s free?

7 Steps for E Newsletter Success

1.Gather a great list

 From today, utilise every opportunity you can to grow your email database:

  • Ask permission to email updates and offers from your business. (It’s actually the law – http://www.adma.com.au/regulatory/compliance-tools/spam-act/).
  • Create a database capturing the First Name, Last Name and Email address of each subscriber (at a minimum). This can be in an excel spreadsheet or a mailing list using E Mail Marketing Software (EMS).
  • Remember to delete or mark inactive anyone who asks to unsubscribe.
  • Use a sign up tab /form on your website and social media platforms to encourage sign up.
  • Offer a discount to reward sign up.
  • Run a competition to drive sign up or buy space in a complementary newsletter to attract new potential subscribers.
  • Never email your list using the “To” box, as all email addresses will be visible to all subscribers. Instead use the “BCC” or better still send through email marketing software.

2.Cut through with your subject line

E Newsletters cop a bit of flack for being lost in a sea of email. It’s a fair point too. That’s why you need to ensure your subject line connects with your subscribers:

  • Keep it brief, too many words will get cut off.
  • “What’s in it for me?” Highlight the most exciting reason why your subscriber should open the email.
  • Think about your inbox; What gets instantly deleted? What gets opened? Why?
  • Mix it up; call out your promotion, ask a question, highlight brands.
  • Introduce your newsletter at launch “The Monthly Hoot: Launch Issue”.

3. Create a template that is easy to use

Set up a template whether in Word or using EMS and aim to use that template every month with minimal changes. This builds consistency and helps give a professional look.

4.Balance the content

You want to get opened, get read, be clicked and be shared! This can’t be achieved with just one type of content:

  • A personal message, aim to have a short message from the business owner or the nominated voice of the business. They should wrap up what’s been going on and what subscribers should look out for in the newsletter.
  • Recap the month; share a post from Facebook that got people talking, perhaps include a paragraph of the best blog post for the month and a link to read more
  • Feature a reader of the month, product of the month or special of the month
  • Add some value to newsletter by adding an educational article, a humours anecdote, a recipe, a local restaurant review. Something readers look forward to every month that is more than just a plug for your business.
  • Run promotions, competitions, special offers sometimes. Not every time.
  • Use a variety of methods and learn from what works best with your subscribers.
  • Open it up to subscribers to supply content. Content co creation can be a great way to foster valuable connections.

5.Send at the right time

Based on your business type, establish the best time to send:

  • Mainly Business Customers? Usually around 3pm Tue-Thurs is a good time.
  • Mainly WAHers? Try after 7pm on a weeknight.
  • Is your business focussed on the weekend? Thursday 3pm – Friday 3pm

6.Encourage sharing

  • Create content that people just have to share. Added value and co-created content will be especially popular.
  • Make your email easy to forward. Use a “Forward to a Friend” form in your EMS or simply add “If you enjoyed this issue, please forward it to a friend” at the end.
  • Run competitions via the newsletter that use “Refer a Friend” for more entries into the draw.

7.Check your stats

Most effective tracking will come from using EMS, as you will be able to analyse your open rate, click-through and your shares. You may also be able to look at the most popular time of day your email was opened.

  • Use your stats to learn what your subscriber base is really looking for in your newsletter.

Start today by committing to a monthly newsletter for your business and pick a date to send out your newsletter every month (e.g last Wednesday of the month). Consider writing a plan for the next 3 months of what you will feature in each newsletter, so you are not overwhelmed as each month rolls around. Monitor the success of each newsletter, compare the results and uncover the best formula for your E Newsletter Success.

Using E Mail Marketing Software

Just before we wrap up, one last word on EMS. Although we guided you through our 7 Steps to E Newsletter Success, with the choice of using EMS or going it alone, we must stress our advice is to use it!

EMS allows you to:

  • Manage your database subscribers and unsubscribers easily, professionally and most important of all, in accordance to anti spam law.
  • Create a template to use for each mail out that is professional, structured and can manage technical requirements like including plain text elements to not get misread by spam filters.
  • Create ease of sharing with “Forward to a Friend” forms.
  • Create ease of sign up with links on your website and social media being directed to a form that automatically updates your mailing list and validates the subscriber.
  • Personalise your newsletter, so you can send 1,000 emails with one click, yet each recipient can be addressed by their first name.
  • Easily analyse your statistics to make changes and increase effectiveness of your newsletter.
  • Do all this for free (within limits) – check out Mail Chimp and Send Blaster.

Have you launched an email newsletter yet? What you would consider changing after reading this?

If you are procrastinating about it, contact us and we can help you with a plan to launch your businesses email newsletter.

Until next week E is for E Mail Marketing and for … (no really it is, click to find out)

Mary-Anne

Wise Up Marketing

Danilo Rizzuti / FreeDigitalPhotos.net


A is for Analysis

To start at the very beginning is a very good place to start (or so we have heard), so where better to start our A to Z of Marketing than at A.

A is for Analysis. When I started in marketing well over a decade ago, the era of the long lunch, the fluffy campaign and the big budget with no accountability were on the way out (poor me) and ROI (return on investment), measurement and metrics were the new rage. It suited me fine as I am a numbers girl at heart, but over the years I have had staff come and go with the terrible realisation that todays marketing roles are almost accounting roles in disguise (with better shoes and more interesting events).

5 Easy Areas for Analysis

1. Analyse your Web Traffic Stats – if you have a website, you have access to very valuable information just waiting to be analysed! It is believed that a new visitor to your website spends around 6 seconds deciding whether your business meets their needs, is credible and trustworthy. So how do you know if you are succeeding?

By analysing your website traffic you can begin to understand:
– where traffic enters and exits your site
-how long they stay
-what pages are browsed; and
-sometimes even demographic information.

Half a day a month spent analysing your website traffic can give you some powerful insights into how to adapt your page to ensure you are maximising your traffic.

2. Analyse your Current Customers – if you sell a product, you have already succeeded in connecting with your target consumer. They found you, they trusted you; and they have initiated a relationship with you and your business. Asking each customer a few questions as part of your checkout process gives you the opportunity to collate data that you can analyse. Consider asking “Where did you hear about us?” “What’s your favourite Website?”. A quick question can give you a deeper understanding of who your consumer is and will help you target your message to them.

3. Analyse your Past Performance – when we do our Mini Marketing Plan for our clients, the first step we take is to have them fill out our Business Analysis Tool, which is really a survey of the business’ past. We use this tool to analyse what the business has done and also to consider what has and hasn’t worked before to find clues as to what the target consumer might be like. You can analyse past performance by looking at the results you received and then interpreting what they mean. For example, you have distributed over 500 flyers with an offer (always use a coupon code so you know where the responses have come from) but you only received 5 redemptions. You sent an email out to 100 subscribers with the same offer and got 25 redemptions. On analysing this I would think that perhaps your target consumer responds better to offers they can instantly action or your consumer doesn’t pay attention to flyers. I would analyse over a period of time and if this trend held true, I may decide not to use flyers anymore.

4. Analyse your Competitors – when sales are down and enquiries have gone quiet don’t go straight to market with a deal or fear the end is coming. Analyse your competitors. This is as easy as searching for your product or service, and seeing what comes up. Think like your consumers; how did they find you? Are you a bakery? Do most people find you by walking past? Go for a walk around the local area. Has something else popped up that you didn’t know? Look at the supermarket, have they changed their pricing strategy. Or do you sell Dog Outfits online? Start searching in different ways “cute dog clothes“, “designer puppy outfit“, “dress for my dog“, look at the websites that come up, think your consumer could shop at any of these, analyse the strengths and weaknesses and form strategies of how you can improve your offer.

5. Analyse your Profitability – profitability put simply is income minus your expenses, but do you keep track of all your expenses? So many small businesses muddle the line between the owners and the business and expenses are often covered by an owner without them being factored in against the income of the business to really understand profitability. Analyse the profitability of your business as a whole every 3 months or so. Think of it like a household budget – add up all the payments in, then take away every single expense incurred to determine whether you made a profit or a loss. Analyse the expenses to see if savings can be made. Also analyse the profitability of individual campaigns. For example, if you advertise in a publication for $1,000, and your product delivers you $10 profit per sale, you will need to sell 100 products for the campaign to be profitable. Unless you go back and analyse campaign profitability, you can’t be sure it is a cost-effective way to target your consumer.

What analysis do you do in your business? Are you often surprised by the results?

Until next week, here is some more of what A is for http://www.enchantedlearning.com/Aisfor.shtml

Mary-Anne Amies

Wise Up Marketing Solutions


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