Internet marketing tips for Southern Living Home

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Sunday, July 17, 2005

"For Google, It Took 118 Years But, The Search Is Over..." If Only Bill Gates Could Have Lived Long Enough To Read This Headline. Could it happen?


www.flickr.com
What started as a collaboration between Larry and Sergey and initially lead to a search engine called BackRub (named for its unique ability to analyze the "back links" pointing to a given website) and grew to become the "five-and-dime" of pay-per-click search engines, pulled the plug on the last server on this date in Mountain View, California. It's a story of a future time that could be soon, or beyond our horizon.

If anyone back in the late 1800's or early 1900's had been thinking ahead to the future of Woolworth Corp., it's unlikely they would have ever predicted that the famous five-and-dime would be a line item on a "Today in History" script published to millions of readers across this thing we call the internet.

Yet today, has I opened my RSS News Reader, there it was. I can recall shopping at the five-and-dime as a kid. It was the "best" store in town. Just like Google; the best. Now, its history. Perhaps the best is not good enough?

Today in History...
One of retail's most successful pioneers, F.W. Woolworth, and his empire of department stores that defined the shopping experience for millions over the course of its 118-year existence. Woolworth, considered by his first boss to be the "worst salesman in the world," overcame repeated failure and financial hardship to open his first store in 1879 in Lancaster City, Pennsylvania. Through trial and error, the young Woolworth learned that selling large quantities of low-priced merchandise led to profit. It all ended on this day in 1997.

Could this happen to Google? Well, yes. Simply put, Google has become a new kind of foe, and that has Bill Gates riled. Google has combined software innovation with a brand-new Internet business model and it wounds Gates' pride that he didn't get there first. It's an eye opening article from Fortune magazine: GATES VS. GOOGLE. For now however, it's all fantasy thinking as the titans of search (Google, Yahoo, & Microsoft) battle it out in cyberspace.

Research shows global Web search advertising revenue, which is big business for the Internet giants, will be almost $8 billion in 2005 -- more than 20 times what it was four years ago. (Source: Reuters 2005)

Good news for the Southern Living At Home independent consultant


The Cost Per Lead using Pay-per-click is Cheap Compared To Other Ads

It doesn't take a rocket scientist to know where to spend your advertising dollars... $8.50 for search, $20 for Yellow Pages, $50 for online display ads, $60 for e-mail and $70 for direct mail. Those are the average cost-per-customer numbers based on research by Piper Jaffray.

"Paid-search advertising has become a do-or-die proposition," says Jeff Saville, a consumer direct marketing manager at Deckers Outdoor Corp. "The market is growing fast, primarily because the ads are trackable and target people who are already interested. The medium is also inexpensive compared with television, radio, direct mail and Web banner ads." (Nasdaq:DECK - news)

Are there dangers or flaws in search advertising?

  • Certain campaigns fail because they are ill-conceived or unsuited to the medium.
  • According to WebTrends the data suggests that 60 percent of marketers do not measure sales, leads or key actions resulting from campaigns. [This is a dangerous number because that means you are competing with people who don't know what things are truly costing them. You need to be extra analytical when going head to head with this guy.]
  • An estimated 5 percent to 20 percent of clicks are believed to be fraudulent -- the result of people clicking on ads to drive up advertiser costs or to make a profit for Web site publishers who get a cut of revenue.
Adding all this up, we come to two conclusions: 1) It pays to get good at pay-per-click advertising if you plan to do business online and 2) we may only have 118 years left with Google :-)

PPC Tips list continued from previous weeks:

  • When thinking up keywords, use examples of specific things your product is used for: 'clean floors', clean countertops', 'wash floors', 'mop floors', 'polish stove top', 'remove grime', 'shine appliances', 'disinfect bacteria', 'hide furniture flaws' etc.
  • Explore variations: 'soy milk', 'soymilk', 'soy-milk'
  • Add plurals: 'protein bar' and 'protein bars'
  • Use abbreviations and acronyms
  • Use US and UK spellings
  • Keyword phrases may be questions: 'how to repair bad credit', 'when should I diet', 'how do I lose weight', 'where are discount cosmetics', etc.
Last week I posted the another round of search engine marketing tips and yet more in the weeks before that. Check there for more ideas.


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posted by Dan Hollings @ 3:31 PM  

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