Conversion rate optimization must be part of your daily marketing activities. Here's a resource to assist.
Let's get right to that list...
Too often the C-suite has not figured out that your digital marketing (I include web, email, mobile, and social here) activity is the glue that binds their brand together. They miss that online is that initial first impression before most people even decide to step into your physical store. So it demands that online live by the metrics but rarely gets the benefit of those squishy soft "brand" dollars. It's 2011 and digital marketing and digital experiences are still way too often treated like the red-headed stepchild of traditional marketers. These digital marketers are expected to perform at incredible efficiencies, which are never expected nor demanded from their traditional marketing counterparts.
As I stated in the column, "Conversions: Whose Job Is It Anyway," in the offline world, there is a VP of marketing and their counterpart, the VP of sales, but no such thing exists online. That column elicited a comment from a reader stating that you can't "really offer an employee 8 hours per day 5 days per week and a good paycheck just for conversion [rate] optimization (CRO)." He went on to babble about how he would rather see a PPC manager or an SEO manager do CRO as part of their job.
Let's start by sharing an ugly truth. Most PPC accounts are a mess! We've audited many of them looking for conversion optimization. At best, they need tons of work just to get them to a satisfactory level. Nevertheless, at least they seem to hit most of the core metrics, in part because the media has still been wildly misattributed. Most PPC managers don't have the additional bandwidth to maintain their account efficiently, yet you still want them to have the time and learn the vast range of multi-disciplinary skills needed to do conversion optimization. Huh? Digital marketing is pretty complex work.
Most SEO managers are in the same boat. Just ask any consultant or search marketing platform vendor who has worked across enough accounts and they'll tell you how more than 95 percent of all accounts are a mess. Oh yeah! The same is true of web analytics analysts as well.
These aren't simply my opinions - go talk to them.
Now ask anyone who has ever been in the online optimization business and you'll learn the same thing for each one. The budget to launch new websites or new campaigns tends to be healthy but what might be left over to improving the campaign or website after launch is worse than anemic.
To wring out significant returns on your investment, optimization must be an ongoing part of your daily marketing activities. It has to be a habit. So if you're aiming to come to a point where you're "finished" with optimization, you're missing the point. Optimization is not a project; it's something you do daily to maximize the revenue of your marketing efforts.
Over the last few years, the job of the conversion optimizer has been aided by the explosion of applications and services to help you improve your website or marketing efforts. Many services are low cost or even free! I often recommend that companies get good at free first, then pay for a more robust solution once they have adoption.
A big excuse for the lack of optimization was the lack of access and resources to the tools. Web analytics, A/B, and multivariate (MVT) testing tools, personalization tools, and even usability studies were expensive. That is no longer a valid excuse.
For years I have blogged a yearly list of these tools. Three years ago I published my first blog post listing 33 free tools to improve your website. The following year the list grew to 69 tools, and last year it mushroomed to 99 free and low-cost tools to improve websites and marketing efforts. This year I wanted to publish over 120 tools when Jeffrey asked me if I was out of my mind! That was my clue that it was time to launch a website dedicated to online marketing tools. You can check it at WebsiteTestingTools.com.
These tools allow a CRO specialist to spend his day gathering insights about your customers and your campaigns, identifying opportunities for creating new landing pages, developing new hypotheses for tests, figuring out how to segment and target your customers effectively, and how to improve each and every one of your marketing campaigns. If you only have a handful of campaigns, you may not need a full-time employee, but any business doing more than a couple of million dollars in online revenue probably does and the larger the company, the more resources that will be needed.
The only excuse for not optimizing vigorously now is just being too lazy, ignorant, or worse, to prioritize the optimization of your efforts. I know that this column might hit a nerve. So if you're a CEO or a senior executive who has been sent this, I have one question - when will you take optimization seriously?
Join the Industry's Leading eCommerce & Direct Marketing Experts in Chicago
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 4 days and 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda and register by Friday, Oct 3 to take advantage of Early Bird Rates!
Bryan Eisenberg is coauthor of the Wall Street Journal, Amazon, BusinessWeek, and New York Times bestselling books "Call to Action," "Waiting For Your Cat to Bark?," and "Always Be Testing." Bryan is a professional marketing speaker and has keynoted conferences globally such as SES, Shop.org, Direct Marketing Association, MarketingSherpa, Econsultancy, Webcom, SEM Konferansen Norway, the Canadian Marketing Association, and others. In 2010, Bryan was named a winner of the Direct Marketing Educational Foundation's Rising Stars Awards, which recognizes the most talented professionals 40 years of age or younger in the field of direct/interactive marketing. He is also cofounder and chairman emeritus of the Web Analytics Association. Bryan serves as an advisory board member of SES Conference & Expo, the eMetrics Marketing Optimization Summit, and several venture capital backed companies. He works with his coauthor and brother Jeffrey Eisenberg. You can find them at BryanEisenberg.com.
IBM Social Analytics: The Science Behind Social Media Marketing
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An Introduction to Marketing Attribution: Selecting the Right Model for Search, Display & Social Advertising
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October 23, 2014
1:00pm ET/10:00am PT