miercuri, 20 noiembrie 2013

Seth's Blog : #BlackFriday = media trap

 

#BlackFriday = media trap

Black Friday was a deliberate invention of the National Association of Retailers. It was not only the perfect way to promote stores during a super slow news day, but had the side benefit of creating a new cultural norm.

Any media outlet that talks about Black Friday as an actually important phenomenon is either ignorant or working hard to please their advertisers. Retailers offer very little in the way of actual discounts, they expose human panic and greed, and it's all sort of ridiculous if not soul-robbing.

Sixteen years ago, my friend Jerry Shereshewsky helped invent 'cyber Monday' as a further expansion of the media/shopping complex mania. It was amazingly easy to find people eager to embrace and talk about the idea of developing yet another holiday devoted to buying stuff.

Here are some of the steps involved in creating a marketing phenomena like this:

  1. Find something that people are already interested in doing (in this case, shopping)
  2. Add scarcity, mob dynamics, a bit of fear
  3. Repeat the meme in the media. Press releases, B roll, clever statistics regardless of veracity
  4. Do it on a slow news day, and mix in famous names, famous brands and even some hand-wringing about the plight of workers

Apple does this with its product launches. The IRS does the opposite of #1 around tax day. Nike sold a billion dollars worth of sneakers this way.

People like doing what other people are doing. People don't like being left out. The media likes both.

       

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Photo: The President Welcomes Nobel Laureates

Here's What's Happening Here at the White House
 
 
 
 
 
 
  Photo of the Day

Photo: The President Welcomes Nobel Laureates

President Barack Obama points out several patent models while meeting with the 2013 American Nobel Laureates and their spouses

President Barack Obama points out several patent models while meeting with the 2013 American Nobel Laureates and their spouses in the Oval Office, Nov. 19, 2013. (Official White House Photo by Pete Souza)


 

  Top Stories

New Report from the Council of Economic Advisers: The Recent Slowdown in Health Care Cost Growth and the Role of the Affordable Care Act

Today the White House Council of Economic Advisers released a new report analyzing recent trends in health costs, the forces driving those trends, and their likely economic benefits.

READ MORE

President Obama's Handwritten Essay Marking the 150th Anniversary of the Gettysburg Address

One hundred fifty years after President Lincoln delivered the Gettysburg Address, President Obama penned a handwritten tribute to President Lincoln's historic remarks. 

READ MORE

What Would President Truman Say About This Congress?

Right now, members of Congress are in a position to vote on multiple national measures that would help our economy and millions of Americans. They could vote tomorrow. And they should.

READ MORE


 
 
  Today's Schedule

All times are Eastern Time (ET)

9:45 AM: The Vice President meets with Chinese Vice Premier Liu Yandong

10:15 AM: The President and the Vice President receive the Presidential Daily Briefing

11:05 AM: The President honors recipients of the Presidential Medal of Freedom in a ceremony; The Vice President, The First Lady, and Dr. Biden also attend

1:00 PM: The President participates in a wreath-laying ceremony at Arlington National Cemetery; the First Lady, former President Clinton and former Secretary Clinton also attend

4:05 PM: The President meets with representatives from the National Association of Insurance Commissioners

7:10 PM: The President delivers remarks at a dinner in honor of Medal of Freedom awardees; The First Lady attends WATCH LIVE

 

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Help Us Improve the Moz Blog

Help Us Improve the Moz Blog


Help Us Improve the Moz Blog

Posted: 19 Nov 2013 03:09 PM PST

Posted by Trevor-Klein

It’s been since April 2010 that we asked for your feedback on the Moz Blog, and quite a lot has changed since then. Panda and Penguin drove an industry-wide shift toward higher-quality content and links, and SEOs have come to realize that they can’t just be SEOs anymore. The percentage of web traffic coming from mobile devices has risen 600%, Google stopped providing data about keywords, and search engines started looking at far more than just your query to give you helpful results.

To keep up with those changes, SEOmoz became Moz, expanding the scope of its tools and content to reflect the increasingly diverse and interrelated areas of inbound marketing. Our audience has expanded accordingly, and in that vein, we want to be sure the blog is keeping pace.

Our mission is to help you all become better marketers, and to do that, we need to know more about you. What challenges do you all face? What are your pain points? Your day-to-day frustrations? If you could learn more about one or two (or three) topics, what would those be?

If you'll help us out by taking this five-minute survey, we can make sure we're offering the most useful and valuable content we possibly can. When we're done looking through the responses, we'll follow up with a post about what we learned.

Note: If you're viewing this page on a mobile device, you might need to tap on the icon below to see a mobile-friendly version of the survey.


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The People Behind The Search

The People Behind The Search

Link to White Noise

The People Behind The Search

Posted: 20 Nov 2013 02:18 AM PST

After joining White.net in the middle of October, and completing the Ad Words certification, the underlying message I have taken away from my training and research is that understanding the psychological behaviour of search users is pivotal to creating a successful PPC campaign. I would like to present the fundamentals of PPC from a beginner's perspective. I will highlight the areas of PPC where the behaviour of the search user is especially important.

Firstly, I should begin by identifying the critical importance and advantage of PPC advertising, which is being able to deliver information to a target audience who are interested, and actively searching for the products/services that your business provides. Because of their search query, the audience is qualified to see the ads presented to them. However, although the search user may be qualified to see these ads, the next part of the process depends on how the PPC campaign is tailored to the searcher. In order to successfully tailor the ads to the search user, you should revert back to that user's requirements, intentions and motivations.

The Decision Making Process

After making a search, the user is presented with a number of paid ads. Due to the search query entered, the ads presented are of relevance to the search user. In order to gather more information, the search user has a decision to make… which ad to click on. To make this decision, they will select the most compelling ad from those they are presented with. This decision is based entirely on the user. The user's behavioural motivations, intentions and requirements will directly determine which ad is clicked on.

So, what does this mean? The behaviour of the user is central in terms of the ad receiving the click!

So, what should you take away from this? You should create the campaign in line with your audience's requirements, intentions and motivations!

Keyword Management

Initially, you need to ensure that the keywords you add to your campaign are relevant. Then you need to determine what audience you are targeting. What terms will this target audience search? Shape your keyword list to the products/services that your business provides, but always tailor these keywords to your target audience's requirements, intentions and motivations. Additionally, you should incorporate words which are inconsistent with your target audience by adding these as negative keywords.

Target your audience throughout their personal buying cycle. It is important to be aware of and understand how differently your audience behaves during the researching phase vs. the converting phase. In the researching phase, people will use shorter, more general search terms, whereas in the converting phase people will use longer, more specific search terms. As such, you should ensure to include keywords relevant to both the researching phase and the converting phase.

Ad Creative

In order to receive that all important click, it's essential that the ad is compelling and distinguishable from all of the other ads presented.  To achieve this, the ad creative should:

  • Display as much valuable information as possible within its 25,35,35,35 limit. The quality of the information presented in the ad is more important than the quantity. With limited space to ensure that the search user clicks on your ad above your competitors, the information should summarise what you can offer a potential customer and should highlight your unique selling point.
  • Include price points and promotions. People are very sensitive to cost and value for their money. Therefore, incorporating some information about the price of your product/service is likely to grip the user and give them a reason to click on the ad.
  • Tailor the language to your audience. It is essential that you know your target audience to ensure that the language you use in your ad is emotively poignant to them. Know the demographic of your target audience and use language and information that is consistent with the behaviour of this demographic.
  • Incorporate a short and sharp call-to-action phrase in your ad, such as 'buy now' or 'get a quote today'. These phrases give the search user an extra push to click on the ad by introducing that next step the search user will expect to take after clicking on the ad.

Bid Adjustments

By using enhanced campaign settings you can increase or decrease your bids by device, by day/time and by location. Bid adjustments allow you to tailor where and when your ad is shown based on the behaviour of your target audience.

  • By device. Adjusting your bid across different devices, e.g. mobiles, desktops and tablets allows you to target ads more heavily towards devices that your target audience are more likely to use. For example, if your audience are young and technology savvy, they may be more likely to perform search queries on their mobiles. As a result, you may decide to increase your bid on mobile devices and decrease your bid on desktop devices. With 1 in 5 search queries now being performed on mobile devices, it would be valuable to develop a specific mobile site to optimise search experience for audiences using mobiles.
  • By day/time. Depending on the demographics and behaviour of your target audience, they may perform more search queries on some days of the week and some hours during the day more than others. In order to reach your target audience when they perform their search, you may decide to increase bidding on specific days or at specific times of day using the ad scheduling tool.
  • By location. You can use location targeting to adjust bids in terms of postcodes, cities or other geographical areas. This is another setting that enables you to tailor your ads to your target audience.

Ad Extensions

To entice your target audience into clicking on your ad, there are some ad extensions that can be particularly compelling. Ad Extensions provide more information to the search users, giving them more reason to click on the ad.

  • Image extensions. These provide rich content and can 'show' an audience what a business offers, alongside the text ad which 'tells' them. With text ads, there is a restriction to how much information can be presented. Image extensions help to alleviate this restriction.
  • Call extensions. These give your target audience an extremely convenient opportunity to gather more information and work especially well on mobile devices, as these users are often 'on the go'.
  • Social annotations, seller ratings & review extensions. People are very influenced by the thoughts and experiences of others, and will use this information in their own decision making. These three extensions communicate what other people think of your business. Social annotations link your Google + page to your Ad Words campaign and show how many followers your business has. Seller ratings display your online business ratings and review extensions enable you to attach a quote of endorsement from a reputable external source, for example a trading award.

Landing Page Experience

Finally, to ensure that your target audience's requirements, intentions and motivations are met, it is vitally important that their experience once they land on your website is positive. This will not only result in more conversions, but it will also result in returning customers. To achieve this, your website should have clear and original content, should be trustworthy and should be easy to navigate around. Additionally, your website should be tailored to your audience to hook and hold onto them.

Monitor Performance and Make Regular Changes

Tailor your campaign to your target audience and carefully monitor its performance. The more data you gather, the greater understanding you will have of your target audience's needs, intentions and motivations, and the more qualified you will be to make changes that will optimise your campaign.

TEST TEST TEST. In order to ensure you are captivating your target audience, test new keywords and experiment with new ad creatives, testing different value points, language techniques, call-to-action phrases and price/promotional points.

 

Be flexible and mirror the behavioural trends of your audience!

So, as a PPC beginner, that's my perspective on what is central to creating a successful targeted campaign. What settings or techniques do you think are critical in creating a successful targeted campaign? Let us know in the comments below or on twitter @hollymartin__ and thank you for reading!

The post The People Behind The Search appeared first on White Noise.

Seth's Blog : "How deep is this water?"

 

"How deep is this water?"

If it's over your head, does it really matter?

At some point, when the stakes are high enough and your skills and desires are ready, you will swim.

And when you swim, who cares how deep the water is?

[You might find that deeper water is actually calmer and easier to swim in...]

       

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marți, 19 noiembrie 2013

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


30-40% of Healthcare.Gov Not Built; Payment and Back Office Pieces Missing; Musical Tribute "Promises, Promises"

Posted: 19 Nov 2013 03:30 PM PST

Drumroll please..... It's T minus 11 days and counting before the fully functional healthcare website president Obama promised by the end of November will be up and running.

Here is the exact Obama quote from a speech in Dallas as noted by the Washington Post

"The web site is already better than it was at the beginning of October, and by the end of this month, we anticipate that it is going to be working the way it is supposed to, all right?"

Sinking Titanic

My favorite comment to the article comes from Jeff1962 who replied "At least the Titanic made it out of port before it sank..."

30-40% of Healthcare.Gov Not Built According to Official

You can count the end-of-November pledge as another promise that cannot and will not be met.

It seems that 30-40% of Healthcare.Gov is not built yet according to Henry Chao, CIO of the Centers for Medicare and Medicaid Services, the federal agency that operates HealthCare.gov.

CNBC reports Obamacare bombshell: IT official says HealthCare.gov needs payment feature
Another day, another big, bad black eye for HealthCare.gov.

A crucial system for making payments to insurers from people who enroll in that federal Obamacare marketplace has yet to be built, a senior government IT official admitted Tuesday.

"We still need to build the payments system to make the payments [to insurance companies] in January," testified Chao, deputy chief information officer of the Centers for Medicare and Medicaid Services, the federal agency that operates HealthCare.gov.

That so-called financial management tool was originally supposed to be part of HealthCare.gov when it launched Oct. 1, but officials later suspended its launch as part of their effort to get the consumer interface part of the site ready. The tool will, when it works, transmit the subsidies that the government is kicking in for many enrollees to offset the costs of their monthly premiums.

Chao on Tuesday said other areas that need to be built include "the back-office systems, the accounting systems."

He testified that the consumer interface part of that website, which enrolls people in Obamacare insurance plans, is totally built.

The revelation that the insurers' payment tool wasn't yet built startled some observers. "That's like setting up an online bank without setting up a way to make deposits," an industry source told CNBC.

Chao and other Obama administration officials have been lambasted since Oct. 1 for the glitch-laden launch of HealthCare.gov, which with just 27,000 people enrolled in 36 states over one month has grossly underperformed original expectations. The administration had originally estimated that 7 million people would enroll in Obamacare insurance plans by March 31, but that goal remains in peril.
Obama Personally Sings in Musical Remake

An unconfirmed rumor says president Obama himself will be the lead singer in a musical play remake.

Lending credence to the story, administration insiders gave me an advance mock-up of the flyer.



Musical Tribute "Promises, Promises"



Link if video does not play: Promises, Promises

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Congratulations to Illinois: Most Government Bodies, Most Convicted Governors, Lowest Credit Rating

Posted: 19 Nov 2013 11:32 AM PST

Illinois tries harder. According to the Illinois Policy Institute Illinoisans suffer from the second-highest property tax rates in the nation. Illinois is the third most corrupt state in the nation.

But Illinois is solidly in first place in other categories.

Most Convicted Governors

For example, Illinois is at the top of the list in imprisoned governors.

The Huffington Post notes 4 Of State's Last 7 Governors Were Convicted, Imprisoned

What state can possibly top that?

Lowest Credit Rating

On January 25, 2013 the Chicago Tribune reported Illinois credit rating sinks to worst in nation

Highest Number of Local Governments

Please consider a report on "Too Much Government" that details Illinois' thousands of local government bodies.
Illinois has the most units of local government of any state in the country. According to the U.S. Census Bureau, with 6,963 local governments, Illinois beats its nearest competitor by more than 1,800. Texas is No. 2 with 5,147 local governments.

The average Illinoisan resides in an area that has at least six layers of local government including county, township,
municipality, both a primary and secondary level school district, and a community college district.

It is also quite common to have additional layers of government such as libraries, park districts, forest preserves, fire protection, sanitation, transportation and even mosquito abatement districts. These special districts add unnecessary layers of local government and bureaucracy, leading to expensive duplication of public services.

The result is higher costs for Illinoisans. Local government is primarily financed through local property taxes, and Illinois' high number of governments contributes to the state having the second-highest property tax rates in the nation.

Number of Local Governments

 

Per Capita Basis



The Elgin portion of Kane County has 16 local government agencies.

Kane County Case Study

  1. Forest Preserve District of Kane County
  2. Plato Township Road District
  3. Plato Township Cemetery District
  4. Ella Johnson Memorial Public Library
  5. Fox River Water Reclamation District
  6. Northwest Kane Airport Authority
  7. Pingree Grove & Countryside Fire Protection District
  8. Plato Township Solid Waste Disposal District
  9. Metra
  10. Pace Suburban Bus Service
  11. Regional Transportation Authority
  12. Kane County General Purpose
  13. Plato Township General Purpose
  14. City of Elgin General Purpose
  15. Central School District 301
  16. Elgin Community College

Townships are responsible for roads in unincorporated areas but often provide these services at a much higher cost to taxpayers than municipal or county authorities. According to the Better Government Association: "In Cook County, the 20 townships have 280 miles of roads in unincorporated areas and the average 'cost-per-mile' to maintain them is $80,509 ... In comparison, the average cost to eight north and northwestern Chicago suburbs was $16,030 per mile ... most of these suburbs have four to five times the number of road miles as any township."

That means it's about four times more expensive for townships to maintain these roads.

Special districts

Another redundant unit of local government prevalent in Illinois is "special districts." This classification can cover anything from transportation to public safety to water sanitation to parks and libraries. Illinois has 2,889 special districts, not including townships or school districts.

Property Taxes



Out of more than 3,000 counties nationwide, a number of Illinois counties have property tax rates that put them in the top 100 highest owner-occupied property tax rates in the country.

McHenry County 

I live in McHenry County. Out of thousands of cities and property tax districts nation-wide, we have 24th highest property taxes in the nation. I pay about $14,000 a year in property taxes on a $400,000 home.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

No Money to Retire the New American Nightmare; Retirement at 80 the New Norm?

Posted: 19 Nov 2013 09:57 AM PST

Except for public union workers with pensions that ultimately will not be met, retirement age for most keeps inching up.

People need to work longer or go back to work after a few years of retirement because they have insufficient savings. This creates competition between those over 60 and those under 20 for low-paying jobs.

I have been discussing this for years. This week it hit the cover of the NY Post: 80 is the new 60 when it comes to retirement
Call it the new American nightmare: Running out of money in retirement is scaring the hell out of record numbers of older workers, forcing them to stay in the workforce.

Now 80 is the new 60 when it comes to retirement. Many older workers who finally clock out have sharply underestimated their financial needs in retirement, raising the specter of personal financial disaster.

By putting off retirement the Baby Boomers are a large reason for the high levels of unemployment for those looking to enter the workforce. According to the latest Bureau of Labor Statistics the rate of joblessness in people 20- to 25-years old is 12.5 percent, twice the rate of people 25 and older.

These Boomers have plenty of company. The American Dream of retirement at 65 is looking more like a pipe dream to many.

Nearly half of older workers are on the job longer than they had planned to be — on average, by three more years than they estimated at age 40, according to a recent survey of Americans 50 and over by the Associated Press-NORC Center for Public Affairs Research.

And the latest studies shed additional disturbing light:

UBS Wealth Management Americas discovered that most wealthy investors today do not feel "old" until they turn 80. That's a gigantic change from their parents' generation, when "old" was regarded to be about 60. Also, pre-retirees underestimate how much it will take to finance a long and phased-in retirement. Their average expectation is that 58 percent of prior annual income will sustain them. The industry recommends 75 percent to 80 percent.

The percentage of older middle-class Americans who said their day-to-day financial concern is "paying the monthly bills" has climbed from 52 percent last year to 59 percent today, according to Wells Fargo. Saving for retirement comes in second. Four in 10 say saving and paying the bills is "not possible."

Older adults are now the fastest-growing share of the US labor force. By 2020, workers 55 and older will comprise a stunning 25 percent of the civilian labor force.
I posted the following charts by Tim Wallace in October (see Workforce, Population, Jobs by Age-Group), but since they tie in, here they are again.

click on any chart for sharper image

Workforce Since 1970



Percent of Population in Workforce Since 1970



Number in Age Group Employed



Percent of Age Group Employed Since 1970



Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com