luni, 30 aprilie 2012

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Ron Paul vs. Paul Krugman: Fed ‘Reckless’ to Allow High Jobless Rate, Say Krugman; "Mission Impossible" says Mish

Posted: 30 Apr 2012 09:54 PM PDT

I listened to the debate today on Bloomberg between Ron Paul and Paul Krugman.



Link if video does not play: Krugman Says Fed 'Reckless' to Allow High Jobless Rate

I do not feel Ron Paul did a very good job at making his points, and I certainly wish Ron Paul was a more charismatic speaker.

However, Paul Krugman made at least one preposterous statement. In contrast, Ron Paul simply failed to drive home his points clearly and precisely.

Said Krugman "The reckless thing is to allow mass unemployment to continue".

The statement is absurd. Although the Fed does have a dual mandate on employment and inflation, as I have pointed out on numerous occasions, the Fed's Dual Mandate Is Mission Impossible
Here's the deal.

1. The Fed can control money supply but it will have no control over interest rates (or anything else).

2. The Fed can control short-term interest rates, but then it would have no control over money supply (or anything else).

That is the full and complete extent of the Fed's "control". Note that neither price stability nor unemployment is in either equation. The reason is the Fed controls neither.

The result of all the recent Fed printing is a big yawn, otherwise known as excessive reserves as the following chart shows.

Excess Reserves of Depository Institutions



Does that chart look like the Fed is in control? If so, control of what?
Excess Reserves Then and Now

The above "Mission Impossible" snip was written August 27, 2009. Excess reserves now look like this.



Printing More Money Likely to Cost Jobs

The Fed could print another $trillion tomorrow and I highly doubt if it would do anything but cost jobs. Yes, that's right "cost jobs".

How so?

It would likely increase speculation in food and commodity futures, especially energy. It would drive down interest rates on CDs further robbing those on fixed income who would have less to spend.

If commodity prices rose  but demand did not (which is what I expect would happen), it would add to cost pressures at businesses which in turn would likely fire workers.

The idea that the Fed can create jobs is ludicrous (the housing bubble and subsequent crash are proof enough) but that does not stop fools from preaching the message.

For more silly debates involving Krugman, please see Bernanke Calls Krugman "Reckless"; Krugman and Bernanke Both in Academic Wonderland Somewhere Deep in Outer Space

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


Ludicrous Proposal by Harvard Economics Professor to Force Taxpayers to Buy Spanish Bonds; Mish's Five-Point Alternative Proposal

Posted: 30 Apr 2012 12:20 PM PDT

As the economic crisis lingers on, the number of ludicrous proposals to deal with the crisis rises every month.

I have lost count by now of preposterous ideas and who made them (does anyone have the complete list?), but a proposal by Harvard Economics professor Martin Feldstein to force taxpayers to buy Spanish bonds surely makes the list of top-five ludicrous proposals.

Martin Feldstein, writing for the Financial Times says Taxpayers must backstop Spain's budget
Spain is rapidly approaching a liquidity impasse. Markets are nervous because it's not clear how the government will finance its budget deficit and the rollover of its maturing bonds. To meet its financing needs, the Spanish government needs the confidence of foreign and domestic investors.

Building investor confidence during this process requires a plan to avoid a Greek-style default.

One part of such a plan is to negotiate access to the European Stability Mechanism, the €700bn fund created to protect member governments from default. But if the refinancing shortfall from private sources is very large, Spain will need to supplement the funds from the ESM.

Raising those additional funds by increasing taxes would push the Spanish economy into a deeper recession and would weaken the supply-side incentives needed to stimulate long-term growth.

An alternative emergency approach would be to mandate, on a temporary basis, bond purchases by Spanish households and businesses. Here's how such a plan might be implemented.

The Spanish government could use the income tax system to levy a temporary "lending surcharge" on individual incomes. In exchange for those surcharge payments, the households would receive an interest-bearing government bond with a maturity of five to 10 years. A similar surcharge could be levied on businesses based on corporate profits or the businesses' value added.

The Spanish government should therefore move quickly to enact such a plan before it is overcome by its current liquidity problems.
Earth to Feldstein

For starters, Martin Feldstein correctly points out that "increasing taxes would push the Spanish economy into a deeper recession".

Unfortunately, Feldstein then left planet Earth with his proposal for "Spain use the income tax system to levy a temporary lending surcharge on individual incomes", as if that would not have precisely the same effect as a tax.

Highway Robbery

Feldstein's proposal would take money out of taxpayers' pockets to feed government programs just as a tax would, yet amusingly he warns against weakening "supply-side incentives needed to stimulate long-term growth".

Feldstein proposes giving taxpayers interest on their forced loans to the government. Let's assume 4%. Under Feldstein's proposal (highway robbery is a more apt description than a tax), taxpayers would have access to at most 4% of their money deposited into the scheme.

Somehow "using the income tax system" to take money away from consumers (with a promise to pay it back later) will not cause a drop in consumption, but a tax would. With that idea, Feldstein left planet Earth for some unknown, academic wonderland, alternate universe.

Unfit to Teach

Precisely why should taxpayers bail out banks that made stupid loans? Feldstein never bothers to say.

Are bondholders never, ever to take a loss?

Feldstein's proposal is so preposterous and so devoid of rudimentary thinking about taxes (by whatever name) that it should be clear that he is unfit to teach.


Mish's Five-Point Alternative Proposal

  1. Spain should plead for emergency funds from the ECB, IMF, EMU, wherever it can get them.
  2. Spain should declare a bank holiday and announce a return to the Spanish Peseta
  3. Spain should issue a statement to the ECB, IMF, EMU to the effect "anyone stupid enough to lend us money deserves to lose it at least two-thirds of it. All debts in Euros will be repaid 1-1 in Pesetas."
  4. Spain should then devalue the Peseta by 65%. Should Europe, the IMF, and EMU threaten sanctions, Spain would counter with a threat of 100% default on all external debt rather than 65% of it.
  5. Spain should lower the VAT, lower corporate income taxes, and make it easier to hire and fire workers.

Point number one is a bit tongue-in-cheek as it is tantamount to purposeful fraud. However, the rest of the points can easily stand on their own merits.

In regards to point number three, Spain can be much more diplomatic in its statement to the ECB, IMF, and EMU, but the bottom line would be the same regardless of how Spain phrases the statement.

Results

  • Spain would immediately be relieved of 65% of its foreign debt obligations. 
  • The threat to not pay back any of its external debt if Europe of the IMF retaliates (perhaps coupled with a promise to pay back another 15% if everyone plays exceptionally nice) would prevent retaliation.
  • A lower VAT and lower corporate income taxes would encourage growth
  • At a huge discount to the Euro, Spain would become a tourist mecca
  • Spain's products would be far more competitive on the global economy

Effectively, I propose Spain do what Iceland did. The Icelandic economy is in recovery now, while Greece, Spain, Portugal, and Italy flounder.

In contrast, Feldstein proposes more bailouts of banks by taxpayers, while playing preposterous word games with the definition of  "tax".

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


Illinois Borrowing Costs Rise by 22.5%, Expect Conditions to Worsen; Sideline Cash Nonsense From Nuveen

Posted: 30 Apr 2012 10:27 AM PDT

Illinois borrowing costs are poised to rise about 22.5%. The nominal increase is about .34 percentage points as reported by Bloomberg.
Illinois plans to sell $1.8 billion of general-obligation debt tomorrow as its relative borrowing costs may increase by almost a quarter.

The tax-exempt deal for the state, rated lowest by Moody's Investors Service, includes a 10-year segment that underwriter Jefferies & Co. plans to offer to investors at 1.85 percentage points above benchmark AAA securities, according to a person familiar with the sale.

Illinois's last general-obligation sale was on March 13 for $575 million, with 10-year securities priced to yield 1.51 percentage points above benchmark tax-exempts, according to data compiled by Bloomberg. That's 0.34 percentage points below tomorrow's tentative pricing plan, or a difference of 22.5 percent.

The state has the lowest-funded pension in the U.S., with assets equal to 45.5 percent of projected obligations, Bloomberg data show. Its backlog of unpaid bills to vendors and Medicaid obligations is more than $9 billion.

Investors should get more yield than 1.85 percentage points given those fiscal challenges, John Mousseau, a portfolio manager at Vineland, New Jersey-based Cumberland Advisors, which has $1.2 billion of municipal debt. It doesn't own Illinois general-obligation bonds.

"The state's debt should be trading even cheaper," Mousseau wrote in a report released today. "At some point it is a buy. Not yet."
More Sideline Cash Nonsense

I side with Mousseau expecting much higher yields.

However, Tom Spaulding at Nuveen Investments Inc. in Chicago says "With a lot of cash out there, I just don't see it having a problem getting done at these levels, and can probably get done a little bit better," he said.

Pray tell where is that cash that Spaulding speaks of? Certainly corporations like Apple have a lot of it, but most of that alleged "cash" is nothing but debt on the balance sheets of corporations.  Sorry Tom, but counting cash that is spoken for is simply wrong.

There is also $1.5 trillion of excess reserves at the Fed. However, those reserves, have an associated liability as well. Even if that was not the case there would be a problem of duration match. Do investors want to load up on Illinois debt at 1.85% for 10 years.

Nuveen might, but that does not make it an intelligent thing to do. I see no value here at all.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


Damn Cool Pics

Damn Cool Pics


Avengers-Inspired Eye Makeup

Posted: 30 Apr 2012 04:26 PM PDT

It seems like everyone is getting into the Avengers mood as the release date of the movie which is May 4, 2012 quickly approaches. Finnish makeup artist Jangsara was so excited about the film that she decided to create this amazing Avengers-themed eye art, coming up with looks that reference Thor, Iron Man, The Hulk, and even big bads like Loki.




11 Types of Facebookers

Posted: 30 Apr 2012 04:11 PM PDT

No one knows what forces people to act this way, but there are plenty of such users on the pages of the giant social network. Which one are you?






















Via: Eatliver


The Original McDonalds Menu

Posted: 30 Apr 2012 12:58 PM PDT

Check out the prices for McDonald's original menu back in the 50s. Back in the day, McDonald's loved adjectives even more than secret sauce.


Via: flickr


The Ancient Origins of Plastic Surgery [infographic]

Posted: 30 Apr 2012 12:53 PM PDT

Plastic surgery has come a very long way since the days it began which some historians date all the way back to 1213 B.C. These days it is no trouble to nip this and tuck that in just a matter of minutes with certain cosmetic surgery procedures.

Have you ever stopped and thought about the history of plastic surgery for just a second? The folks at The Plastic Surgery Institute of Southeast Texas put together this great infographic piece depicting the history of cosmetic plastic surgery into a visual timeline.

Click image to see a larger version.


Shared Web Hosting Showdown [Infographic]

Posted: 30 Apr 2012 11:51 AM PDT

Is your hosting company costing you too much? Ever wonder what web hosting company will give you the most for your money or how big the company really is? We set out to try and find these answers for you. Find the major difference between all of this and more for ten of the biggest web hosting companies out there. After seeing this you might be inclined to make the switch!

Click image to see a larger version.
Shared Web Hosting Showdown

Via: Hosting Reviews.com


Email Account Verification

Dear Account User,

You are receiving this message because you or someone tried to access your account from an unknown computer and several unsuccessful attempt were logged on this account and this may be as a result of identity-theft. 


Take a moment to activate security above. We apologize for any inconvenience and appreciate your cooperation and understanding..

Sincerely,
Email Disclaimer

Perfecting On-Page Optimization for Ecommerce Websites

Perfecting On-Page Optimization for Ecommerce Websites


Perfecting On-Page Optimization for Ecommerce Websites

Posted: 29 Apr 2012 03:06 PM PDT

Posted by Paddy_Moogan

Back in 2009 (was it really that long ago?!) Rand wrote a post titled Perfecting Keyword Targeting and On-Page Optimization, which is one of the most popular blog posts on SEOmoz. It is still referenced as much today as it was back in 2009. The core principles haven't changed that much, but there are some new additions to an SEO's toolkit when it comes to on-page optimization. Today I want to focus on what these new additions are in relation to eCommerce websites.

Elements of the page you should work on

I made the following mockup to try and visualise clearly all the elements of an eCommerce product page that are important for on-page optimization.

Let's get into more detail on each of these elements and see what we can do to take advantage and optimise for them, starting with the new additions since Rand's post in 2009. I've related the numbers in the mockups to the sections below; some sections do not have numbers because they are not visible on the page, for example META description.

 Customer Reviews

If you run an eCommerce website and are not collecting customer reviews, you are seriously missing out. Not only is this great feedback that you need to have to improve your business, but it is also an amazing source of unique content. Better yet, it is very scalable across large websites, which means you can get lots of content onto lots of pages.

Quick tips for collecting and using customer reviews:

  • Build or buy a system to automatically email customers a few weeks after purchasing and ask for a review
  • When getting off the ground and trying to get volume, offer incentives such as a discount on their next purchase in exchange for a review
  • Don't worry about publishing negative reviews, customers aren't silly and can tell when reviews are a bit too positive

Also, if you are worried about things like this having a negative effect on conversion rates:

See if you can customise your review system to not show this message on products that do not have reviews. Set a threshold so that when a couple of reviews are received, reviews are shown on the product page.

Added benefit: microdata

You also need to make sure you are marking up these reviews with relevant microdata. This will give Google more context about your content, as well as giving you the chance to improve click-through-rates from search results like what we see in this example:

The use of review microformats is increasing all the time so there is an argument that you are not standing out anymore if all the other results have the same type of markup. You could even argue that to stand out you should take them away :)  

 Product Videos

I'll admit that this is a tough one to execute, but it is one that I feel is very worthwhile for eCommerce sites. There are many websites already adding videos to their product pages, but they are not always doing it in the most optimal way. A great example of the right way to do this is Zappos who now have over 50,000 product videos.

There are a few benefits to having videos on a product page. One of which is helping make your product pages more link worthy and rich in content. Good quality videos demonstrating use cases of products could also help conversion rates (particularly for high-end, technical products) but I can't provide evidence for that unfortunately.

Another added benefit as you'll see from the screenshot above is how your search results for product pages can stand out from competitors. I've seen loads of eCommerce stores who have videos on the page but are not embedding or marking them up in the correct way.

By far the best system I know to embed and optimise your videos properly is Wistia, which SEOmoz use for Whiteboard Fridays. These guys have a great system and are always improving how things work and adding new features. We've used them on a test site or two at Distilled and got video snippets showing very quickly.

I could talk more about using videos to aid SEO but Phil did a great post that covers pretty much everything you need to know here. He also did a presentation on video SEO and you can see the slides over on Slideshare.

Rel="next", Rel="prev" and view all

One of the problems that always crops up on large eCommerce sites is how to efficiently deal with pagination. You can have product categories that contain thousands of products that span many pages. You want to make sure that all of these products are indexed and regularly crawled, but at the same time you don't care too much about the paginated pages ranking or having too much link equity.

Since Rand's post of 2009, we've been given an additional way of handling pagination. Namely the rel="next", rel="prev" and "view all" attributes. This markup can help Google better understand pagination and pass link equity to key pages. Google gave some good instructions on how to implement these attributes here and here which you can take a look at.

There are a few other ways to handle pagination, which Adam Audette explains very well in this post on Search Engine Land.

Microdata markup and Schema.org

Another new tool that is available to us now is the use of microdata and the support of the Schema.org vocabulary by the major search engines. That announcement back in June 2011 was quite exciting but didn't really live up to expectations and Google seemed pretty slow in showing this support in their search results. However this seems to have changed and we are seeing more and more examples of Google using this data now.

Bringing this back to eCommerce, there are a few types of markup you can use on a product page which you can see documentation on here. This page also contains details of review markup that I talked about above. Not all of the properties on this page will be applicable to you, but here are some tips on how to use this:

  • Only choose the properties that are relevant to the product attributes you have
  • Take development time to integrate these properties into templated elements of your page, so that when you add new products, they are automatically marked up
  • Add notes to your analytics package when you put these changes live so you can monitor any improvements

 Q&A Content

Another big opportunity for eCommerce websites is the integration of question and answer content focused on products. As mentioned above, eCommerce websites have always had the problem of getting unique content onto product pages on scale. Question and answer content can help solve this problem and gives you great scope to get user generated content onto lots of your product pages.

There are a few benefits to integrating this type of system:

  • Scalable, user-generated content published onto product pages
  • Improving ranking for long-tail terms and question driven keywords if the content is crawlable
  • Possible improvement in conversion rate if customer concerns are addressed in the answers
  • Possibility of encouraging brand evangelists and even bringing in some gamification principles to help motivate users

Here is a live example from Jessops:

I personally feel like there is an opportunity for Quora here if they wanted to explore this space. Many retailers will be looking for this type of system and Quora may be able to offer something that helps them reach the critical mass of content they'd need.

 Social sharing buttons

I'm a little skeptical about whether social sharing buttons on product pages are a good idea. The goal of a product page is to get someone to buy, not to get them to tweet or like the page. Sure these social signals can help, but personally I'd rather not distract people from buying my product. For me, social sharing should be encouraged at different points in the buying process:

  • After the point of purchase on a thank you / confirmation type page
  • Email follow up and correspondence - follow us on Twitter, like us on Facebook etc
  • After a review has been published - give the reviewer the option to share their review

There is an alternative use of social buttons, which I haven't seen or been able to test on a client site yet. But I wanted to share it anyway. It builds upon the code that Tom Anthony talked about here which allows you to detect if a user is logged into Twitter, Facebook or Google+ whilst they are viewing your website.

If you can use the code that Tom created to detect if a user is logged into Facebook for example, you could show that user a custom message. This could be anything you want but it could be something as simple as encouraging them to like your page in exchange for a discount. This not only gets you the like but also increases the chances of the user converting after giving them a discount.

Tom quickly tested this theory on a test site which you can see a screenshot from here:

You can put whatever message you want in here, this is to demonstrate what could be done if you think a little out of the box and not just put social share buttons on a page because that is what everyone else does.

Page Speed

Again, this is something that has become more of a focus since Rand's blog post. Speed has always been important but SEOs sat up and took a lot more notice when Google confirmed it was a factor in the algorithm, albeit a small one.

For me, an eCommerce site should care about site speed because of its effect on conversion rate rather than rankings. A user is not going to hang around waiting for your product pages to load and there have been some good studies that show the positive effect a fast loading page has on conversion rates.

Bottom line is that you should care about site speed for your users rather than SEO. Here is a good guide for improving site speed written by Craig at Distilled.

Open graph tags

Another new addition that you can add to your eCommerce pages is the open graph tags. These tags allow you to be much more specific with how your content is shared on Facebook. As Facebook is such a huge platform with a lot of potential for traffic, you need to make sure that you are doing all you can to optimise for it and specify how your content should be shared.

They are also pretty easy for you or a developer to setup and put live. The tags sit inside your header so you will need a flexible CMS or a good developer to make these additions for you. On an eCommerce site with lots of products you'll probably need a developer to setup the tags so they scale across all of your products and use the correct elements of the page.

Here are some more articles that help with the use and optimisation of the open graph tags:

 Search options

Ideally, a user should never need to use a search box on your website because they will be able to find their way around using your navigation. But there are going to be times when this doesn't happen and there are users who will just prefer to search. I think that a search box on an eCommerce website is essential and you should use the data that it gives you to improve your website and customer experience.

Here are some tips for using a search box:

  • Make sure you are tracking searches using your CMS or this feature of Google Analytics
  • Monitor how many people who search and then leave the site straight away - try to lower this number
  • Check your search results actually return good results
  • Make sure your search function still works when you try singular and plural keywords - particularly with an eCommerce site this is important
  • Pull in special offers and discounts related to the searched for keyword
  • Pull in product images next to search results, I like how Apple do this:

 Clear call to action

Essential for any eCommerce website. Your ultimate goal is to sell a product so you need to make the call to action as clear as possible. Make sure you are running experiments on your product pages to test and improve conversion rates. Many eCommerce stores focus a bit too much on getting more traffic via SEO and PPC, whilst a quicker way to get more revenue is to get more out of the traffic you already have by improving conversion rates.

Even if you are not actively doing conversion rate optimisation, you should at least be measuring as much data as you can from your site, in particular your product pages which are ultimately the most important pages for an eCommerce website.

Tools you can use to measure and improve calls to action:

Just get one or two of these tools setup and start gathering the data, once you start gathering the data, you are in a much better position to start caring about it and setting targets against it.

 Trust signals

You are asking people to enter their credit card details on your website. They need to be able to trust that you are a genuine company and that their personal details are secure. You can do this on the product page and enforce it again throughout the checkout process. These are the types of trust signals you should be trying to incorporate into your product pages:

Also make sure these link to secure certificates where possible so that users can go and verify what you are saying. Be sure to check regularly that these links still work - the last thing you want is this link being broken or expired!

 Breadcrumbs

These are underestimated in my opinion, both in terms of customer experience and with SEO. They can be a great way of helping the customer navigate around your website and really help your internal linking.

On an eCommerce site, breadcrumbs can be a bit complicated because there are often multiple ways of getting to the same product page. So the potential breadcrumb trail on a product page could look different depending on which categories and sub-categories you navigate through. For me, the benefits of doing anything too fancy are not big enough to warrant the time. So I'd recommend using one breadcrumb trail and sticking to it. If you are concerned about user experience, you could make the users breadcrumb trail cookie based. But this isn't always worth the development time so you should assess how valuable it is for your customer experience.

 Images

Crisp, clean, high quality images are necessary for any eCommerce website. The users engage with what they can see and will often be put off if the images are very bad. Here is a great post from Kissmetrics that gives some examples of how to optimise images for conversion.

Something I'd highly recommend for an eCommerce website is showing use cases of the product within the images and not just the product itself against a plan background. As much as I like IKEA, I don't like the plainness of their images sometimes:

I'd much prefer to see products like this shown how I may use them if I buy them and in the setting of a living room for example.

From a pure SEO perspective, you'll want to make sure you are doing basic image optimization to capture traffic from Google image search where possible. Here are a few tips for this:

  • If possible, use descriptive filename e.g. wooden-oak-table-12345.png instead of 12345.png
  • Add ALT text to all product images - it is quite easy to make ALT text the same as the product name automatically in the CMS
  • Create and submit an image sitemap to Google Webmaster Tools

 META Title

I shouldn't have to go into much detail here as to the importance of this. Something to bear in mind for eCommerce websites is that you are generating META titles for potentially thousands of product pages. It just isn't feasible to customise each and every one of these, so you should have these auto-generated by your developers based on a template that you give them. For product pages, this is probably just going to be the product name followed by a small call to action or USP. For example including something like "Free Delivery" could work well for improving click-throughs from search. The key really is to try and avoid masses of duplicate META data.

Top tip - an eCommerce website is usually driven by some kind of database which will have various attributes (fields) for each product. A good developer will be able to use these fields to populate other parts of the page dynamically, for example a META title or description. Bear this in mind when writing your META data templates and use these fields if they are available to you.

META Description

Whilst the META description has minimal effect on rankings, you should be optimising this for improving click-throughs from search results. Ecommerce sites are in the perfect position to include lots of information, calls to actions and USPs into the META description. As mentioned above, the META description could be auto-generated based on a template that you provide to a developer. This could include database fields such as categories and sub-categories.

 Product description

In a post-Panda world, it is very important to make your product descriptions unique. Taking descriptions straight from manufacturers or product feeds does not differentiate you at all from the hundreds of other retailers who sell the same product. Spend the time and resource making these unique and engaging and make sure you include the USPs of your offering - such as free delivery or lowest prices.

 Page URL

Again, this is pretty basic SEO but there is one key thing to remember with eCommerce sites. You should not include categories or sub-categories in product URLs, especially if there is more than one way to find a product, for example if it is in more than one category. This can lead to duplicate product pages. You can fix this with rel="canonical" tags but it isn't really ideal.

Best practice is to just use product name and a code as the URL, for example - www.example.com/product-name-12345. The reason for the addition of a number in the URL is to cover yourself against similar product names - not usually a problem but worth trying to prevent.

 H1 tags

It is debatable how much H1 tags matter anymore and some studies from SEOmoz have shown that they do not have a lot of impact on rankings. However I feel that for the time it takes to optimise this, it is worth doing and certainly isn't going to hurt you. It is also good to have clean markup of the page so that if for some reason someone browses a page with CSS turned off, the page still has a logical structure.

For an eCommerce product page, I'd recommend coding your page template so that the product name automatically becomes the default H1 tag for a page. This should help to eliminate duplicate H1 tags across the website and will automatically optimise each page you publish.

 Phone number

If you can provide a phone number, do it. Not only to help in terms of customer support, but also as another trust signal. If we think back to what Panda was trying to achieve, one of the questions was "would you trust this website with your credit card?" and one factor that certainly helps inspire trust is a phone number.

A pro tip here for eCommerce websites - if you have a customer support team. Keep track of your abandoned baskets in the checkout process and if you have captured the customer's phone number, take some time to get your support team to phone and see if they can see what went wrong. This not only gives you a chance to get the sale, but you can also get feedback on your checkout process and see what barriers to conversion there may be.

 Company details

Particularly relevant for companies who target local markets, giving Google more signals of your location can help rankings for those types of keywords. You can also use a few bits of Schema.org markup to give some extra context to the content. It is also another trust signal for Google and users to look at.

Conclusion

Well that is about it, I hope that has given you enough to work on to try and improve your eCommerce product pages. To wrap up, here are some more great articles on eCommerce SEO, many of which are from this curated list of eCommerce resources by Everett Sizemore:

As always, I'd love to hear your comments and feedback or ping me on Twitter to ask more questions.


Sign up for The Moz Top 10, a semimonthly mailer updating you on the top ten hottest pieces of SEO news, tips, and rad links uncovered by the Moz team. Think of it as your exclusive digest of stuff you don't have time to hunt down but want to read!