Damn Cool Pics |
| Posted: 11 Nov 2013 04:36 PM PST When architects fail.                                 |
| The Fresh Prince of Bel-Air Then and Now Posted: 11 Nov 2013 04:17 PM PST Stars of "The Fresh Prince of Bel-Air" then and now.           |
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How to Track the Online ROI of Offline Advertising |
| How to Track the Online ROI of Offline Advertising Posted: 10 Nov 2013 03:12 PM PST Posted by GeoffKenyon While I love online marketing and often times think that is a much better marketing investment than offline marketing and advertising, offline ads are important and add value. While we are going to see budget shift significantly from offline efforts to online campaigns, there is still going to be a ton of money going into offline ads. Much of the value from offline advertising is actually online and is typically attributed to the direct channel. If an ad gives out a website URL, they almost always send visitors to their homepage. When ads don't give users a website to go to, typically one of the search channels will receive credit for the value created by the ad. The KTM ad below is a prime example of a print ad that will create value, but the value will be attributed to either the search channel or direct channel if the user is already aware of (or simply searches for) the URL for KTM. As you can see below, in 2012 82% of ad-spend was offline; that is a lot of visitors and conversions that aren't being properly attributed. This isn't just a problem for companies with big ad budgets. In fact, this is more important for small businesses with smaller budgets because often times these expenses come out of the owner's pockets. Real estate agents are probably the best example of why this is so important. If my friend Hailey is a real estate agent and if she wants to market her self and her properties, she has a lot of options. She could advertise on a big real estate site like Zillow, a niche site, through SEO or PPC, and it's easy for her to track leads from these. It gets harder, though, when she invests in offline efforts like signs, door hangers, print ads, or any other form of offline advertising. Hailey, and almost all real estate agents, are doing their marketing campaigns on a tight budget, so it is critical for real estate agents (and professionals in many other industries) to understand exactly what is producing value and what isn't. The good news is that it's actually pretty easy to figure out which offline ads are helping you and which ones aren't doing anything. Create a custom URL for your adsThe first step is to either buy a vanity domain or to create a unique landing page for each offline effort. Depending on your niche and ad, it can be important to incentivize the user typing in the full URL (and not just stopping once they type in the homepage) if you are not going to use a vanity domain. This can mean offering the user a special promotion or gift. You would want to reinforce the offer with the URL as well, using something like /free-gift or /special-promo. Set up redirects and campaign parametersOnce you've created your vanity domain or landing page, you'll need to set up a 301 redirect to the page you want visitors to land on (your home page or a specific landing page) AND include Google Analytics campaign parameters (shown below by ?utm=*) If you're not super familiar with Google Analytics, this guide is a good starting point. If you need help creating the campaign URL, the Google URL Builder and GA Config are really useful tools. Keep in mind, while there are five different parameters you can use, the following three are required at minimum:
Track your ROIAt this point, you've done all the hard work and have everything set up for Google Analytics to be able to track visitors coming to the site from your ads as well as how many people convert in some form. You will be able to find the number of visitors from your ads under the campaigns tab in Google Analytics, and the number of conversions in the Ecommerce, Goals, or Events tab depending on how you are tracking your conversions. The campaign view in Google Analytics is where you'll monitor the success of your offline campaigns. With this in place you will be able to better invest your offline marketing budget knowing that the channels and campaigns are going to give you the best online ROI. 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!       |
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If you've got a big idea, there's no doubt that you will run into skeptics along the way.
Many skeptics are afraid for you, embrace the status quo, and in their twisted but well-intentioned way, will work to persuade you to give up your dream. This sort of skeptic should be ignored, certainly. It doesn't really pay to argue with them, because your impassioned restatement of your view of reality will do little to persuade them that you're not doing something crazy risky.
The other kind of skeptic, though, should be treated totally differently.
The generous skeptic has insight into your field, your strengths and weaknesses. She wants you to succeed, but maybe, just maybe, sees something you don't.
When the generous skeptic speaks up, she's taking a risk. If you respond to her generosity by arguing, by shutting down, by avoiding eye contact or becoming defensive, you've blown it. You've taken a gift and wasted it, and disrespected the gift giver at the same time.
The alternative is to emotionally stand up and sit down on her side of the table. Egg her on. Imagine the world the way she sees it. Take her tactical skepticism and amplify it, pushing it to its logical conclusion. Instead of defending the flickering flame of your idea as if it might soon be extinguished, dump as much of this sort of skepticism on the idea as you can.
Not only are you honoring the generous skeptic when you do this, you're learning how to see the way she sees. Your job isn't to persuade her she's wrong, your job is to learn from this and buttress your project in a way that when it collides with the market, you're ready.
"Tell me more about that," is the useful and productive response, not, "no, you're wrong, you don't understand."
There's always time to ignore this feedback later. Right now, dive into it, with an eager, open mind. It's a gift you're not often offered.
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Mish's Global Economic Trend Analysis |
| Obamashock! Hits Employees of Sodexo, "World's Largest Quality of Life" Service Company Posted: 10 Nov 2013 06:44 PM PST Some employees of Sodexo, the "World's largest quality of life services company" have been hit with a massive case of "Obamashock!" because of the way Obamacare identifies part-time employment. An email from reader "Mark" will explain. Hello MishMike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
| ECB Following Path of Japan, Including Similarly Ridiculous Statements Posted: 10 Nov 2013 07:29 AM PST Rather than writeoff bad loans at European banks, the ECB has chosen the bury your head in the sand, extend-and-pretend path of Japan. This is despite the fact the Japanese plan has taken multiple decades without producing meaningful results. "More Room For Rate Cuts" For example, ECB Executive Board member Benoit Coeure says "ECB Can Cut Rates Further, Offer Liquidity". The European Central Bank can trim interest rates further and provide the banking system with liquidity, ECB Executive Board member Benoit Coeure said on Saturday after last week's rate cut to a record low.What Good Can Additional Rate Cuts Do? Let's be realistic. The ECB's lending rate is .25%. Although the ECB can cut rates 25 more times, 1 basis point at a time, the idea that such a move can produce anything meaningful is ridiculous. Japan made similar moves multiple times, cutting rates a few basis points at a time. It served no purpose other than to let the Bank of Japan say "we are acting". The BOJ never once added the truth "but it's meaningless". And now Benoit Coeure makes the same useless statement, also without adding "rate cuts cannot do a damn thing for Europe". Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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