sâmbătă, 12 noiembrie 2011

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Le Voyage de Fubar - Elephants Take Flight

Posted: 12 Nov 2011 10:36 PM PST

Sunday funnies returns to celebrate the resignations of Greek prime minister George Papandreou and Italian prime minister Silvio Berlusconi. We bid them "fond" farewell on their long overdue farewell tour.



German Chancellor Angela Merkel and French President Nicolas Sarkozy also have farewell tours scheduled (they just don't know it yet).

The image, sent by a reader who did not wish any credit says "I re-worked a 1932 French children book cover Voyage de Babar. Hope you like it."

The reworked image initially only contained Merkel and Sarkozy. I suggested adding Papandreou and Berlusconi and the words "next up" and there you have it.

The true original is in public domain, from http://en.wikipedia.org/wiki/File:Babar2.jpg.

In the spirit of Sunday Funnies I invite you to read a true comic sent in by the father of an 11 years old posted earlier.

In case you missed it please see European Crisis Through Eyes of 11-Year Old in Comic he Created

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


EFSF Bail-Out Fund Buys Its Own Debt Because Not Enough Others Will

Posted: 12 Nov 2011 03:48 PM PST

To raise "bailout" money the EFSF sells bonds. In its first auction after the new Merkozy agreement, not enough investors wanted the garbage and the fund ended up buying some of its own bonds.

The Telegraph reports Eurozone bail-out fund has to resort to buying its own debt
The European Financial Stability Facility (EFSF) last week announced it had successfully sold a €3bn 10-year bond in support of Ireland.

However, The Sunday Telegraph can reveal that target was only met after the EFSF resorted to buying up several hundred million euros worth of the bonds.

Sources said the EFSF had spent more than € 100m buying up its own bonds to help it achieve its funding target after the banks leading the deal were only able to find about €2.7bn of outside demand for the debt.

The failure of the EFSF will increase pressure on the European Central Bank to effectively become the lender of last resort for the eurozone, a move it has strongly resisted.
Bizarre Setup

The EFSF raises money by selling bonds that few investors want. So it buys its own debt effectively raising no cash. Is this supposed to work?

Given there are still no terms on the EFSF debt, agreements on leverage, amount of guarantees, etc., the amazing thing is not that the EFSF had to buy some of its debt, but rather anyone else was interested at all.

This helps explain why the IMF went on a tour of Russia and China begging them to buy the garbage. No one else wants it, and the EFSF suspected as much in advance.

For details on the IMF dog-and-pony show in Asia, please see World has Major Funding Gap; IMF Begs Russia and China for Money; Italy and Greece Demand Deposits Collapse; Run on Greek Banks?

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


Trim Tabs CEO on Entitlements, Government Spending, Stock Buybacks, and What's Propping Up Equity Markets

Posted: 12 Nov 2011 09:32 AM PST

TrimTabs President & CEO Charles Biderman discusses how global financial markets are suffering from years of borrowing to pay entitlements to citizens, stock buybacks by corporations, and other topics in a short 2:16 video.



Biderman had predicted a collapse in equity markets but says stochttp://beta.blogger.com/img/blank.gifk buybacks by corporations have, for now, prevented that collapse.

Ending Quote

"In 2009 with interest rates dirt cheap companies have sold around $3 trillion in bonds and about $800 billion in new shares. Companies are currently the only buyers of stocks as individuals remain net sellers. $2 billion a day of company buying can take the market higher. That is until companies stop buying and start selling lots of new shares."

Here is a link if the video does not play: Biderman's Daily Rant for 11/3/2011

For every buyer there is a seller and vice versa. Moreover, stocks can go up or down whether corporations are buying or selling. However, it is important to note that the frequently touted corporate "cash on the sidelines" is for the most part debt.

A handful of tech companies with huge piles of cash and little debt is the exception, not the rule.

If companies squander their "cash" on buybacks, they will once again be back in a situation of high debt and no cash when the market bottoms, because buybacks or not, the market is overvalued and eventually will get to where it's going.

BTW, here is something I came across the other day: A link to all the videos I have used in this blog.

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


Damn Cool Pics

Damn Cool Pics


Elderly Chinese Choir Bizarrely Covers “Bad Romance”

Posted: 11 Nov 2011 10:03 PM PST



The elderly members of this Chinese choir show Lady Gaga how its done, remixing her song "Bad Romance" in a way only an elderly Chinese choir can. They bring senior citizen style and flair to Gaga's slamming track, proving that you're never too old to rock the party.


The World’s Most Expensive Photograph

Posted: 11 Nov 2011 09:32 PM PST

A seemingly ordinary snapshot broke the record for world's most expensive photograph, at a Christie's auction Tuesday night. Andreas Gursky "Rhein II" fetched $4.3 million, smashing the previous record set by Cindy Sherman's "Untitled #96" which brought in $3.89 million last May.


Source: theatlanticwire


Weekly Address: Honoring Our Veterans for Their Service and Sacrifice

The White House Your Daily Snapshot for
Saturday, November 12, 2011
 

Weekly Address: Honoring Our Veterans for Their Service and Sacrifice

President Obama speaks from the USS Carl Vinson in San Diego during Veterans Day and calls on all Americans to rededicate themselves to serving our brave men and women in uniform as well as they have served us.

Watch the video.

Weekly Address

Weekly Wrap Up

Jobs for Veterans:  On Monday President Obama announced the launch of a suite of new tools designed to help our veterans transition more easily into the workforce. The Veterans Job Bank, which will help put our veterans in contact with companies that appreciate their skills and are eager to hire them, has more than 550,000 job postings from military-friendly employers and is continuing to grow. On Thursday, the First Lady joined the U.S. Chamber of Commerce to announce that a range of businesses have committed to hire 100,000 veterans and military spouses by 2014. Later that day the Senate approved the Wounded Warrior and Returning Heroes tax credits, provisions of the American Jobs Act which will offer businesses a $9,600 tax credit for hiring disabled veterans and create additional tax credits for employers who hire veterans who have spent four weeks or more out of work.

Honoring our Veterans: Friday morning President Obama honored the millions of Americans who have served in our nation's military by laying a wreath at the Tomb of the Unknown Soldier at Arlington National Cemetery. In his speech the President called for all Americans to commit to helping our vets when they return home: "So on this Veterans Day, let us commit ourselves to keep making sure that our veterans receive the care and benefits that they have earned; the opportunity they defend and deserve; and above all, let us welcome them home as what they are -- an integral, essential part of our American family."

Head Start: President Obama announced historic reforms to the Head Start program that will require all Head Start grantees that fail to meet a new set of rigorous quality benchmarks to compete for continued federal funding. These changes are designed to ensure that all children in Head Start are attending top-notch programs that will help them reach their full potential. 

Saving You Money: President Obama signed an Executive Order telling Federal agencies to cut their spending on travel, printing, and IT by 20 percent, which will save billions of dollars. This initiative is only one part of the administration-wide Campaign to Cut Waste, headed by Vice President Joe Biden that promises to eliminate government waste, save taxpayer dollars and make government work more efficiently. The President also announced the four finalists in the SAVE Award, an annual contest for federal employees to submit their ideas for cutting costs by making government more efficient. Submit your vote for your favorite idea today.

West Wing Week: Check out your video guide to everything that happened at 1600 Pennsylvania Avenue. 

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SEOptimise

SEOptimise


154 Awesome Pubcon 2011 Takeaways, Tips & Tweets

Posted: 11 Nov 2011 10:25 AM PST

Having been out at Pubcon in Las Vegas this week, I’ve been going a bit tweet-crazy with my coverage of this. There’s been so many great tips and takeaways, that I thought it would be good to share this with our readers.


Image credit: Guy Levine

So for now here’s my twitter coverage of Pubcon 2011:

General SEO Trends
1) #7 ranking for a long-tail term can get as much traffic as #2 for head-of-tail! Due to CTR behaviour @ArnieK
2) 42% of people click #1 result for head-tail terms – 25% 1st result for long-tail, but much more traffic spread across rest of SERPs
3) Wow! Sites get a higher CTR being in the #7 position for a long-tail keyword than a #2 position for a head term.
4) +1 annotated URLs receive 20% higher CTR - @robgarner
5) Google’s in big trouble right now according to @leolaporte – next big thing isn’t search!
6) Via @leolaporte – A single engaged viewer is worth at least 10 loosely engaged viewer. (Unless they’re a stalker!)
7) Build targeted niche audience in order to maximise advertiser revenue, instead of short-term trick tactics @leolaporte

On-site Optimisation
8) Provide consistent geo signals in titles, URL, breadcrumbs, content. etc. via @AlanBleiweiss
9) Worst #SEO thing to do: pick obvious phrases & rank below the 7pack :( -@GregBoser
10) Slightly black-hat tip from @graywolf his “friend” forges updated blog publish date to increase SERP CTRs
11) Exact match title tags used to work better, now natural language titles performing much better @uberjill

Technical SEO
12) Robots exclusion preferred option for blocking indexing – saves Google load because they don’t need to visit page @gregboser
13) Great free tool for creating micro formats from @RavenTools http://t.co/waMQWXi0
14) Research shows that a penalized domain with 301 redirects to a new domain will pass the penalty to the new domain
15) There’s an exponential decline in PageRank passed as the number of 301 redirects increase.
16) If you haven’t played with codecademy.com then your missing out… Try it!
17) Don’t 301 redirect throwaway blog content – SE’s are getting smarter. Update content to make more commercial instead @graywolf
18) A special webmaster video for : How does Google determine page speed? http://t.co/f2a1T6Zy

SEO Strategy
19) Client focuses; don’t be afraid to go rogue, proof-of-concept is key, embrace open graph & individual employee identities @GregBoser
20) Key agency focuses; learn to say no, autonomous solutions & new products/services to solve common problems @GregBoser
21) Clients convinced they need more links to get rankings – quite often they need less. Tidying profile having big impact @GregBoser
22) Ask your client; do you think you deserve to rank in top 3 for priority keyword? If not, why not? @bruceclay
23) “Get your SEO included in the specification team” via @ashnallawalla
24) Great tip by @sspencer – if you see indented listing, add num=9 to URL – if 2nd listing removed, true position = 10
25) Ambiguity is a problem for SEO – Google need behavioural targeting to find personalised user intent behind query @bruceclay
26) “if you as a parent can say to a child go to a site & learn from it, then you have a quality site” Amit Singhal, Google
27) 2012 predictions: personalisation to determine rankings, local PPC & evolution of more integrated internet marketing @bruceclay
28) Web is only place where the small businesses can move faster than big guys – eg Zappos were small & achieved huge success @mattcutts

Google Webmaster Tools/Algorithm
29) Google suggested searches can be quite different from Geo to Geo, pay attention & find opportunities -@GregBoser
30) “link:http://t.co/zfAOUcUg inurl:twitter” query shows that Google are indexing Twitter links! @sspencer
31) #pubcon poll: Would you rather get more search queries in GMT (40%) or more history (60%) @mattcutts
32) Make sure you subscribe to Google Webmaster blog, Inside Search & Webmaster Video channel @mattcutts
33) Signup for GWT, setup email alerts, setup “fat pings” when publishing, use http://t.co/PmmNZKbT @mattcutts
34) Google looking to provide more communication updates – eg GWT alert on out-of-date WordPress @mattcutts
35) Got a page topped with ads? google’s evaluating algo changes to penalize these says @mattcutts
36) Google currently looking into figuring out what content is above the fold as part of algorithm @mattcutts
37) Google giving communication big push in 2011 – more feedback via GWT over reconsideration requests etc @mattcutts
38) SEO=Coaching – only constant in search is change, you don’t want to go where SEs are – go where they’re going to be! @mattcutts

Google Panda
39) There’s no quick fix to panda – quite often you need to change business model & accept you’ll never get back to peak @GregBoser
40) Pre-panda strategy; bigger the net, the more fish you catch. Post-panda; can’t get away with overloading index @GregBoser
41) Weak UGC – e.g. spun articles & 1000′s of pages of crap content is affecting overall domain performance in Google @gregboser
42) Panda update = Google far more concerned with overall site quality vs page quality @gregboser
43) Google rates content on how helpful it is to users – bounce rate/usage data very important post-panda @sspencer
44) Low quality content is typically; aggregated, paraphrased, generic, duplicated – lacks; expertise, research, citations @beussery
45) G panda update biased by quality of links. @bruceclay has seen + impact follow link pruning to reduce low quality

Social Search
46) If video is part of your strategy – make sure you use keywords when you speak! = getting found via transcript search @bruceclay
47) Correlation is important, Google don’t tell us the answers. Facebook shares currently top human engagement factor @GregBoser
48) Wikipedia & YouTube nofollow external links, but not internal links. So get content hosted on there ranking instead @sspencer
49) “the name of the writer can be used to influence the ranking of web search results” v important quote from Google about authors
50) Video & image search is much better on Bing than Google @GregBoser
51) Important social authority tip: meet people in real life! Make connection between on&offline to improve likelihood of sharing
52) What does google look for in social authority? Number of replies/comments, automation vs manual, relevancy & association with groups
53) According to keynote SEO may be dead in 6 months, so let’s talk about social! @johnwellis

Google SSL
54) Number of users with SSL is single-digit percentage in aggregate. Tech sites will be higher due to type of users @mattcutts
55) Main argument by @mattcutts was it’s what users want, total SSL no is <10% & you can get keyword data from GWT for top 1000 kws
56) 96% of website’s get full keyword query data from 1,000 term limit in GWT @mattcutts
57) PPC gets data, organic doesn’t. Advertisers get the data b/c they can’t do negative KWs and make useful.
58) Google unlikely to back down on SSL, users are happy with it because of privacy issues @mattcutts
59) 96% of sites get ALL keyword data from GWT (1000 KWs) – getting around SSL not provided GA report @mattcutts

Analytics
60) “Track what matters. Compare year over year. Not month over month. Consider trends/seasonality” @RobSnell
61) To have rankings in GA will take a ton of resources but Google is looking into having something like that in the future @mattcutts

Local Search
62) Anyone else starting to see Google suggest results influenced by local? See example from Vegas: http://t.co/hqopvPbm

Content Creation/Linkbait
63) You can write a resourceful, 800-word post and link out to 40 different sites – well worth it if it garners a ton of links
64) 1) find related content with great links 2) write killer content about topic 3) write to those who already link to topic @jimboykin
65) View top content ordered by links for competitors in OpenSiteExplorer to find content ideas @ArnieK
66) Great tip for content ideas! Use Google discussions in more search options to find simiar keywords people are talking about @ArnieK
67) Attract links; videos, interviews, ebooks, infographics, contests, solid blog posts all get great backlinks @ArnieK
68) Content marketing tactics: blog, hosted videos, infographics, whitepapers, twitter feed, glossary, lists @lorenbaker
69) Brute force doesn’t work anymore – content marketing marketing makes it a link magnet! @lorenbaker
70) Don’t cut corners and go cheap on content creation. It’s your brand. It’ll be out there a long time. via @arniek
71) If there are no recognized awards in your industry, create one. Make yourself #6 or something @JoannaLord

Link Building  
72) If your link velocity/anchor text profile doesn’t match other/older sites in your industry you prob got it unnaturally
73) Find great blogs in your niche using http://t.co/komEvJNp & forums: http://t.co/jczhz3CU @chriswinfield
74) Dixon just announced a new redesign of @MajesticSEO – coming very soon!
75) Nice tip! Check referral visits in analytics are from cached pages. If not link to it using “as seen on” widget @rjonesx
76) Consider paid infographic placement – very difficult for Google to detect @rjonesx
77) Every natural link has a reason – most common; fact citation, content attribution & interest links @rjonesx
78) Forum communities are approx 5x larger than the blogosphere – they predate the web! -@crowdgather
79) Relationship link building; offer testimonials, sponsor events, send samples, speak at conferences, run good cause site @dixon_jones
80) Widgets having great impact for link building to retail sites – eg shoe size finder, random outfit builder @aaronshear
81) E-commerce link building via affiliate programs – use naked link cookie method to get backlink credit @aaronshear
82) Add on to someone else’s list post with a list of your own, then ping the author to get a link to your list.
83) Great case study for IT jobs infographic by @lorenbaker – not just about direct coverage, also promote sites which embed @lorenbaker
84) Build seasonality content – what worked last year, which will work again this year? Content has a long life @lorenbaker
85) Link building went off track up until last year: exact match links, Google PageRank was a marketplace, unnatural links @lorenbaker
86) Use PPC display placements & adPlanner to find link targets - great tip by @bgtheory
87) It’s much easier to be natural than to fake natural ~@mattcutts
88) @mattcutts on press releases: you’re going up to someone & asking them to write about you…
89) linkresearchtools.com is being recommend by Stephan Spencer as GREAT. Live Demo now
90) “site:http://t.co/fmuNNjRd inurl:.pdf” – shows that Google is indexing & values links from PDFs @sspencer
91) Mine ~ queries to find synonyms/related searches. Bolded keywords are commonly anchor text used in backlinks @gregboser
92) Focus on brand based anchor text – no exact match in 1st 6 months, use synonyms & related searches, branded partial match @gregboser
93) Human engagement is new PageRank – @gregboser highlights Google’s purchase of PostRank in need to monitor social attention
94) Total indexed pages vs. total organic landing pages. And look at total indexed pages to deep links. Good points.
95) Social media is not the new links – links are still the precursor to rankings – @joehall

Competitor Analysis
96) Never try to replicate anyone’s backlink profile. competitive intel is about finding out what metrics to compete on.” @jane_copland
97) ID what domains they own. site:http://t.co/PPXe6FLm “competitors name” -@streko
98) Competitor analysis can be deceptive. A site which has 10k links may be ranking because of 1 editorial link, not volume @mattcutts

Keyword Research
99) Ninja takeaway from day 1 - http://t.co/VdrGvn6N – Uber awesome KW research tool!
100) Great tip – own head KW & then run ranking report to optimise around top phrase matches & converting terms @wilreynolds
101)Google WT keyword info uses avg pos & only 1000 KWs – not ideal but still worth using @wilreynolds
102) Research on getting KW data to stop bitching about SSL http://t.co/YjN3wUb3 by @wilreynolds
103) Kw tools: Compete.com, SEMrush, Raven KW Insights, ConcentrateMe, Wordstream, OpenSiteExplorer anchor text report
104) http://t.co/njlqtl28 recommended for instant-style keyword research from Google, Bing, YouTube, Amazon etc @sspencer

Social Media
105) YouTube will eventually become a CDN @bruceclay
106) Twitter ROI long value: avg lifetime value eg: cust bought $50 & buys 20x in their life & tweets drives new custs
107) YouTube tips; include channel link on site, keep videos short, brand your channel, be active commenter @chriswinfield
108) Facebook tips; make page visible, tag other brands in posts, get fans talking to improve Edgerank score @chriswinfield
109) http://t.co/p24kQimS monitor keywords, http://t.co/ns6vBoDI find lists & curate private lists to watch competitors @chriswinfield
110) Figure out social strategy, then go all in! Maintain a blog, create great content, use Twitter for an hour a day etc @chriswinfield
111) Social tip: find out where your customers are – ask them what sites they use? @chriswinfield
112) Be social, meet colleagues & look for influencers (add a few contacts per week), meet in real life! @chriswinfield
113) No magic bullet in social media – keep it simple & get fundamentals right @chriswinfield
114) 98% of Facebook fans view content through their Newsfeed. Focus on great content not fancy tabs on your page
115) Optimized video is 53 times more likely to show up on page 1 of Google than a standard HTML page.
116) Slideshare = obscenely powerful for search+social @KristaNeher
117) Upload video transcripts in different languages = instant subtitles! -@sspencer
118) Make your own machine transcriptions. You can override the default transcription with your own. It’s searchable too!
119) Use http://t.co/LtfTRb9Z to track search rankings & engagement metrics in YouTube @sspencer
120) Social goals: you’re not trying to make sales – capture attention, build links/social signals & create searchable brand @graywolf
121) Social push: tweets have lifespan of 3-5 hours, stagger retweets, ask friends, real trusted account > 1,000 zombie accounts @graywolf
122) Blogging still best platform to push content & attract links - sacrifice keywords for viral content @graywolf
123) Be entertaining, make people laugh/think/cry or be an informational resource = social attention & links @graywolf
124) Google is looking at as much social data as possible! 5,000 new links & no social media coverage = unnatural sign @graywolf
125) Social signals in search: author highlighting, establish social authority, Facebook & Google+ profile optimisation
126) Google+ optimisation tips: link to other social profiles, stay fresh, use & optimise every field, use your name multiple times
127) Quick show of hands highlights everyone uses Facebook daily - no-one uses Google+ daily @johnwellis

Conversion Optimisation
128) If people are in a buy cycle & merchant offers 1-click buy process, tablets have a higher conversion rate. @Szetela
129) Humanise your content – people buy from people; write with unique voice, demonstrate expertise & leverage knowledge @robsnell
130) The site needs to say: 1.) We are experts 2.) This is what you should buy 3.) please buy it from us! -@robsnell
131) Google Ace recommended by @bgtheory to test conversion rates from SEO campaigns: http://t.co/nLwouUV8
132) Here’s your diamond in the rough when scouring Revenue Analysis: LOW vol. / HIGH Revenue
133) Use GA filters to show clients $. Calculate conversion rates & revenue pm http://t.co/Of6irvjp @wilreynolds
134) Use orange 4 CTA buttons. Green blends in. Red says Stop. @bgtheory: Red works 4 a DUI atty, user is in penalty mind
135) Do not use submit button on your website!!! Use Get This Offer, or Start Your Order, or Continue, or Proceed via
136) Conversion tool options: eye-tracking, mouse-tracking (CrazyEgg/ClickTale), software algorithm (AttentionWizard) @tim_ash
137) Avoid triggering visual motion online – rotating banners e.g. http://t.co/rkmvsfpu distracts attention from static content @tim_ash
138) Never prefill fields. Our eye is trained to find empty spaces. @bgtheory
139) The more questions you ask, the more qualified the lead but the fewer leads you’ll get – @bgtheory
140) Some form questions should never be required – eg how did you find us? That’s what analytics is for! @bg_theory
141) Brand strengthening for conversions: mission statements, testimonials, awards, customers, logos, badges, press mentions
142) Essential to understand the weight of these secondary conversions – how likely is someone who subscribes to pay you $?
143) Secondary conversion examples: email capture, subscribers, social votes, membership, downloads/views, comments/engagement, feedback
144) Basic landing page optimisation tips: be specific, clean & concise, call-to-action, branded/certified/trusted @JoannaLord
145) Site search is 2nd biggest place to find the easy money after checkout

Paid Search
146) Good argument for running both SEO & PPC for same term; PPC landing pages can be better optimised for conversions @bgtheory
147) Retargeting is teaching new habits. People put things in a cart, then leave. Remarketing ads almost always offer disco …
148) PPC tip to build remarketing audience – use tracking code on Facebook fan page, email marketing newsletters & industry sites for $!
149) PPC bidding strategy tip for B2C – use higher budget at start & end of month. Conversion rates often higher around payday!
150) Big potential PPC win. Analyse conversion rates & bidding strategies for day-of-week & time-of-day stats
151) Think about customer mindset for bidding timings – e.g. search volume for “baby nappies” correlates with most popular nap times for babies
152) PPC demographic & interest targeting may be available for search as well as display soon – predicted by @dszetela
153) PPC remarketing tips – mix up banner creatives, use frequency capping, separate campaigns, build audience
154) Google now uses searchers proximity as a ranking factor for paid search business listings

Some of these are retweets as well, there’s to many to organise but thanks to Ruth Burr, Merry Morud, Tony Verre, Berian Reed and Dave Reynolds amongst many others.

© SEOptimise - Download our free business guide to blogging whitepaper and sign-up for the SEOptimise monthly newsletter. 154 Awesome Pubcon 2011 Takeaways, Tips & Tweets

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Analytics: How to Get Clients to Track the Correct Metrics

Posted: 11 Nov 2011 04:36 AM PST

In an ideal world everybody uses analytics tools in a way that ensures that

  • conversions
  • leads
  • sales
  • ROI

get tracked and both client and SEO can

see where the most valuable visitors come from and how SEO efforts contribute to the overall success of a site.

Sadly, in reality it’s not always as easy to accomplish. While it’s now easier to sell analytics services to clients (as everybody agrees that you need them and clients are quick to give you access to Google Analytics), in many cases there are lots of issues that combined make you apply SEO tactics blindly.

In recent years many clients of mine (not SEOptimise clients), even some having good knowledge of SEO themselves, have failed to establish and provide a working measurement system for the long term SEO campaign. Usually one of the first things is to determine the conversion goals, what a lead or sale is and where your most valuable visitors are at. Sometimes it can be as simple as a click on a PPC or affiliate link; sometimes it’s a complex e-commerce transaction that you have to track.

I’ve seen a lot of great resources on how to measure ROI or prove the value of SEO.

It doesn’t suffice to know how when you can’t make the client track the correct metrics according to the highest standards though. Also, many clients tend to work with lots of other people who directly or indirectly influence analytics. I have seen web developers or third parties break the conversion tracking so many times that I often wished to return to simpler site independent metrics, which you can’t break easily. Just measuring rankings and traffic is rarely sufficient though.

  1. One client of mine has broken goal tracking by using frames on their thank you page, which I pointed out a few days after it happened, but he wasn’t able to fix it or provide alternative tracking methods for months.
  2. Another client has been unable for several months to get exact amounts for e-commerce tracking because some of the payment handling providers did not return the data properly.
  3. In another case, a third party “pay per performance” PPC agency has been hired by a client of mine. The agency used a redirect on all of the Google ads served by their system so that they can track their “performance”, but in Google Analytics these referrers didn’t show up as “paid” anymore.

As an SEO consultant I don’t do everything myself so that clients and their employees have to perform tasks I recommend them.

Analytics often seems to be a low priority.

As long as the site is obviously doing great that may be no problem, but the first day the obvious metrics such as traffic or rankings drop, the SEO practitioner has to explain. If they don’t have data beyond the obvious, they can’t.

Third party tools that work without any installation on the client side can work wonders in such cases. Most of them are paid ones though, and you don’t want to pay for analytics tools for clients who can’t acknowledge the importance of such tools. I always suggest additional, easier to implement analytics tools in cases where clients can’t get their GA to work properly. Even such a simple alternative is often neglected.

The free Google Webmaster Tools shows lots of valuable data that no broken Google Analytics installation can disturb. It’s always a good idea to check your GWT data regularly, be it for sheer SEO inspiration or to identify potential issues Google may point out there. When your analytics set-up is insufficient and the client or site owner is not able to or keen on spending time and effort on fixing it, you can use GWT data to show the impact of your SEO campaign. You can track micro conversions like click throughs. Also, approximate rankings get tracked by GWT automatically. Sadly the GWT data is now less exact than it once was; it gets rounded and we can only see a few weeks of data. Older data gets deleted.

You don’t have to give up yet though. Even clients unwilling to fix their Google Analytics tracking or install other analytics tools to get proper data can be shown the advantages of conversion tracking. I’ve recently discovered a free third party Google Analytics tool called Paditrack that enables you to export and analyse GA data with ease. It’s even fun to do so. Also, you can gain quick insights whereas conversion and conversion funnel tracking in Google Analytics can be a little tricky sometimes. Even with the additional “Multi-Channel Funnels” data from new Google Analytics you often have funnel visualisations that confuse clients more than they demonstrate the value of the actual SEO campaign.

With Paditrack you can quickly set up conversion funnels you expect to work for you and check whether they do. For example, I chose to add four conversion funnels for the SEOptimise website to see how they perform assuming that the conversion goal is to request a proposal:

  1. Homepage -> Contact Us -> Thanks
  2. Blog -> Contact Us -> Thanks
  3. Services -> Contact Us -> Thanks
  4. Careers -> Contact Us -> Thanks

This way, most of the actual events of the Contact Us page being visited has been accounted for. That is, most of the visitors who decided to contact us used one of the four paths or conversion funnels. Then you can visualise the conversion funnels for each traffic source or even keyword when you choose “Google” as the segment you want to examine.

In Google Analytics itself you can check the “reverse goal path” to find out a lot about where the converting users come from.

What do you do when GA goal tracking is broken though, as in the “frames” case above? Well, rejoice, the Paditrack conversion funnel visualisation still works. I tried it on that project. Using Paditrack I could quickly reinforce my own assumptions on which paths convert and why. The “Careers” path converts best, as almost 20% of the people who visit the site use the Contact Us form. This is no surprise, but it shows that using the same form for job and client inquiries can have a negative impact on measuring website success.

The blog, on the other hand, converts worse and has an overall low conversion rate. This is again no surprise, as the blog is not for direct conversions but mostly for users searching for informational queries. These users ideally link to the helpful blog posts and at the end of the day the whole site ranks better for related queries that then convert.

For actual client inquiries, of course, the services path converts best.

That’s only half the story though. The reason why the people find the services section in the first place are more complex as suggested above.

Using the conversion funnel visualisation I can both argue that we need a better analytics set up and can also point out the potential improvements. These should be a better motivation for the client to act upon.

© SEOptimise - Download our free business guide to blogging whitepaper and sign-up for the SEOptimise monthly newsletter. Analytics: How to Get Clients to Track the Correct Metrics

Related posts:

  1. Track Google Site Preview Bot in Google Analytics
  2. Simple Goal & Conversion Tracking with Piwik: the Open Source Google Analytics Alternative
  3. How to Pass the Google Analytics Exam

Seth's Blog : Lifetime value of a customer/cost per customer

Lifetime value of a customer/cost per customer

Two things every business and non-profit needs to know:

  • How much does it cost you to get one new customer.
  • On average, what's that customer worth over the relationship you have with her?

The internet revolutionizes both sides of the equation.

Facebook and Twitter are marvels because for each, the cost of a new customer is vanishingly close to zero. When you can get people into a relationship for nothing, you don't need to make much on each one to be delighted with the outcome.

Note that the ongoing, digital connection with a customer can dramatically increase the lifetime profit as well. Netflix is far more likely to have a higher average lifetime value than the local video store. Musicians are moving from making a dollar a listener from CDs to hundreds of dollars a true fan in collectibles and concert tickets--things they can only deliver because they know who their best customers are.

On the other hand, legions of unsophisticated marketers are getting both sides of the equation wrong.

They invest a lot in hoopla, spin and hype to get strangers to notice them (once), making the cost of a connection high, and then, once they borrow a little attention, they put everything into a one shot transaction, which few people engage in, and those that do create little value, because the permission asset is then discarded.

Dates, not singles bars. Subscriptions, not vegomatics.

 

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