Friday, May 11, 2007

Marketing

Conversation marketing


Internet marketing. Did your nose just wrinkle when you read those two words? Just a little? Something smells bad, the same way you feel just a little guilty grabbing all the free stuff at a trade show, or snitching a french fry from your kid’s plate.

Internet marketing feels just a little, well, dirty. Why? Because most internet marketing is greedy, not smart, and it leaves the agencies that practice it, and their clients, tarnished.

Typical internet marketing revolves around a drive to get more traffic, no matter what. Viral marketing, search marketing, e-mail marketing (not spam), spam, banner ads, pay-per-click marketing — name the method, and 98 percent of marketers use them as blunt instruments in a get-all-the-traffic-and-let-God-sort-it-out kind of way. Never mind whether that traffic represents truly qualified potential customers. Never mind the cost of driving useless traffic. Just keep ’em coming!

Everyone — clients and marketing professionals alike — is to blame for this. We’ve all said “More traffic!” at least once in our careers. In traditional media — print, television, and such — it made sense to start off with this approach. But internet marketing is different, and much more powerful. It’s a two-way street. That means you can converse with your users, and select traffic rather than accumulate it. That’s what this book is about. It’s my attempt to demonstrate how you take advantage of the two-way street and start a real conversation with potential internet customers. But first, a brief story about lettuce....

Some folks have told me this bit is entertaining and educational. Others have told me it’s totally off the subject. If you’re a cut-to-the chase kind of person, you can skip ahead to chapter 1, “What Is Conversation Marketing? In a Nutshell?”

Select, Don’t Accumulate: A Parable

The concept of “Select, don’t accumulate” is the foundation of Conversation Marketing.

Here’s my parable that helps explain it: Let’s imagine there are two farmers’ markets, right next door to each other, and you’re shopping for a head of lettuce.

You see a sign, yes, we have leafy green vegetables, and head into that market. It’s huge, and really quite striking. You can enter this market through forty or fifty doorways. Once inside, there are thousands of stalls, neatly side by side, all clamoring for attention. Fruits, vegetables, and foodstuffs of every kind, all perfectly formed, brightly colored, ready-for-the-film-shoot little packages of nutritional goodness. Next to each stall are lists of the awards this market has won for design and layout. It’s like walking through a food museum. It’s great.

But you can’t find the damned lettuce. And neither can anyone else. In fact, they’re not even sure they have lettuce in there. They have cabbage, kale, and some spinach that would make a rabbit swoon, but no lettuce. You’re walking around with thousands of other people, trying to find what you need, but no dice. Even worse for the business owners, there are thousands more people outside, trying to get in to buy spinach and cabbage and kale, but they can’t, because all the lost lettuce-seekers have filled up the store. You finally fight your way out, exasperated.

As you leave, you see a new sign outside, yes, we have lettuce. You follow the arrows, warily, into a different market. This market doesn’t gleam quite like the other one. It all looks edible, delicious, even, but the stalls aren’t shiny, and the products aren’t quite as platonically perfect.

But guess what? You see lettuce. Right in front of you. All kinds of lettuce. Big lettuce, small lettuce, lettuce that looks like famous people. You find what you want, buy it, and you’re done.

What just happened? The first market was gleaming, perfect in every way. But you didn’t stick around, and you didn’t buy anything. Instead, you bought from the other, perfectly functional but infinitely less glamorous market.

It’s obvious: The Decent Market’s farmers told you they had what you needed, showed it to you, and then you bought it. They conducted very efficient marketing based on what you, the consumer, want. The Gorgeous Market sucked you in, then disappointed you.

Put another way, the Decent Market selected you as a good potential customer, and understood what you really wanted. The farmers of the Gorgeous Market are simply accumulating as many passersby as they can in the hopes of getting lucky.

Accumulation Marketing: The Opposite of Conversation Marketing

Internet marketing seems stuck in hey-want-a-cheap-watch mode: Get people to your site, then worry about whether they really want to be there, or whether they’ll buy, or vote, or inquire, or anything else. And accumulation marketing doesn’t have to be in-your-face. It takes many other, more subtle forms, too:

Campaigns that over generalize. I’ve had clients ask me to build “feminine” web sites because women will be their primary audience. Clearly that doesn’t work. What if 75 percent of the women coming to the site don’t like feminine design (whatever that means)? And what if they’re wrong, and half the visitors are men? Or what if they’re right, but they still alienate the 25 percent of their audience who are men? The resulting site would draw visitors because of the product, then lose them because of ill-matched content and a design that makes incorrect assumptions. A campaign built this way will accumulate lots of traffic but fail to select the best potential customers.

Campaigns that are ego-driven. A major manufacturer just revamped their web site. The old site, while not all that attractive, provided clear, fast access to all of their products. The new site, though, opens with a huge Flash animation that takes you on a tour of their facility. It actually shows you what kind of car the CEO drives (and no, they don’t make cars). If you wait for the Flash animation to load, and then really examine the home page, you can find your way to their products. Frankly, I don’t care about their facility. I want to see the goods. So do the thousands of others who search for and find this manufacturer’s site, every day. I’m sure the CEO is very proud of his web site. So is the design firm that built it. But as a communications tool, it’s an accumulation-marketing tactic. People come to the site expecting one thing, and they see another.

Accumulation marketing is not based on selection of potential customers. It’s relatively indiscriminate, leaving businesses and consumers frustrated. It grows out of broad assumptions about audience and strategy that are both unsubstantiated and inaccurate. Because of that, accumulation marketing can rack up serious traffic numbers and fail utterly to generate any useful business.

History

Internet marketing first began in the early 1990s as simple, text-based websites that offered product information. Over time Internet marketing evolved into more than just selling information products, there are people now selling advertising space, software programs, business models, and many other products and services. Companies like Google, Yahoo, and MSN have leveled the playing field of internet advertising. By offering local advertising to small to medium sized businesses, ROI has grown while the bottom line has been lowered. This type of marketing is the backbone of modern capitalism, allowing anyone with an idea,product or service to reach the widest audience possible. The next evolutionary step would be to refine the consumer search to those consumers specifically searching for your product or service, and entice them with catchy tag lines and promotions. Once the consumer has chosen your company, and entered your e-store, the design of your website will determine the online to offline or e-commerce conversion rates. These are what business owners covet, the lowest cost per lead.

To clarify, while internet marketing can cover any facet of online marketing as described above, current use of the term internet marketing commonly refers to the use of direct response marketing strategies, that were traditionally used in direct mail, radio, and TV infomericals, applied to the internet business space.

These methods have been found to be particularly useful on the internet due to its tracking capabilities coupled with the ability to instantly reach the prospect, whether it be B2B or Business to consumer. This ability for careful anaylsis has become quite common now, which is why you will commonly see terms such as ROI, conversion rate, and sales letter commonly come up when discussing internet marketing.

Online - Internet Marketing

Exa are Australia’s number one online marketing company.

Others may make this claim but only Exa has the proven results.

With the increased usage of Google and Yahoo, online marketing has become imperative for a successful integrated marketing plan.

Exa is also of course the leading online marketing company in Melbourne. We have an integrated staff of over ninety full time professionals who specialise in the complete spectrum of online marketing, from planning through to innovation. Online marketing specialists use six continuous steps including planning, analysis, design, implementation, promotion and innovation.

Online Marketing involves defining a target market and objectives for information development and use. Online Marketing specialists analyse the technical construction of the web and evaluate information consistency and they verify correctness of domain information. In the design process, online marketing specialists organise the information into page sized chunks. The pages are connected to give the site a consistent and chosen look and feel. The implementation stage for online marketing specialists makes use of HTML tools. Online marketing specialists use implementation to create an extendible directory and file structure for the site.


The promotions step for online marketing specialists relates to all the public relations and communications. This includes communicating with the general and virtual public to promote the website as well as monitor the site’s environments. The promotions aspect of online marketing includes using specific marketing strategies and business models.

Innovation for online marketing is the stage where the previous five steps continue to improve. It is the last step in the process and completes the stages to form a continuous cycle.

Online marketing is a billion dollar industry that is fast overtaking the traditional means of marketing. The reasons for this are simple. The first is that the number of internet users is growing everyday. The second is that consumers are spending more time and money online. Fears have been allayed regarding the safety of online shopping. Online marketing has been successful in convincing the public that online consumerism is safe.

Online marketing has become a preferred means of communications for many businesses, differing in size and industry. The American film industry has spent billions of dollars on online marketing, making it an integral part of their marketing campaigns.

Online marketing is a feature utilised by nearly every industry in Australia. As the need for websites grow with internet demand, the need for online marketing to become more precise has arisen. Online marketing employs different techniques to those of traditional marketing. Online marketing must not only appeal to consumers but also generate web site hits through the clever use of copy.