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Archive for Internet Marketing

Avinash KaushikAvinash Kaushik, in his latest blog post, shows you how to zero in on important metrics and get rid of those that waste your time. His “three layers of so-what” test requires that you ask “so what” at least three times, and if you don’t arrive at an actionable answer, to discard that metric.

I’ve found that, like unexamined KPIs (metrics), assumptions prospects have about the importance of something often go unexplored. Neil Rakham’s “Spin Selling” is centered entirely around the concept of bringing these assumptions to light and taking your prospect on a deep dive so they realize, for themselves, the gravity of the situation.

While not necessarily going to the lengths of Spin Selling, a skilled telemarketer can can use techniques such as parroting, paraphrasing, and feeling feedback to help prospects answer their own objection or arrive at desired conclusions.

Much like Avinash’s Three Layers of So-What, the telemarketer prompts prospects to take their thoughts to their logical conclusions- at which point we either eliminate reasons not to take action, or, arrive at a compelling reasons to take action.

Ask me “so what?” and I’ll bean you.

split test acceleratorThis is a review of Jim Stone’s Split Test Accelerator available at http://www.splittestaccelerator.com/

I’ve used Jim’s software for over a year to help improve an ongoing affiliate marketing campaign. Using his software I was able to increase my conversion rate (click-thrus) from 30% to over 50%! I did this using simple A/B split testing.

What’s great about the software is that it also includes complete traffic source and keyword statistics.

Here’s a screenshot that shows the keyword breakdown by conversion (up to 3). It also features time-on-page statistics- the theory being that those that spend more time on the page are more likely to convert. If you have limited traffic, you can use this to help you reach decisions before full statistical validation has been reached.

keyword report

A simple import procedure allows you to add financial results from the conversions so you have earnings per click, broken down by keyword or source.

It’s built-in dayparting helped me reduce my adwords spend by over 20% without hurting my revenues. Its revenue by source also helped me reduce my Bing and Yahoo search spend by 100% (I stopped using them!).

dayparting

With Jim’s help modifying some source code, I was able to use the split testing software for business-to-business telemarketing script testing.

Strengths

  1. Jim is very, very helpful.
  2. Software is feature rich
  3. One-time payment (free A/B split testing version is available)
  4. Source code access (well documented)

Limitations

  1. Definitely requires you know your way around LAMP.
  2. You can only run tests on pages residing on the server where the software is installed. So, for instance, if you wanted to provide split testing as a service to your clients, they would have to allow storing their landing pages on your server- not an option in most instances.
  3. You’re limited to 10 simultaneous tests (not a hard limit, but you run the risk of data corruption if you run more).

All in all, I can heartily recommend STA- as long as you can live with the limitations mentioned above and you have technical know-how.

Full Disclosure: While I don’t have an affiliate arrangement with Jim, if you mention me I’m sure I can work something out with him that includes a discount for you!

Relevance Gone Wrong

A key factor in increasing click-thrus for your banner advertisements is how relevant the message in your ad is to the content on the page. That’s why you wouldn’t advertise, for instance, hunting gear on a site or web page about vegetarian cooking. An ad for a vegetarian cooking DVD series would draw more favorable attention.

Just yesterday I was reading a news article on Yahoo News about Joseph Stack, a man who sought revenge on the IRS by crashing his small plane into an IRS building containing nearly 200 IRS employees. The article was titled “Man Angry At IRS Crashes Plane Into Building.” The crash resulted in deaths and injuries.

The article subject doesn’t lend itself very well to injecting humor, does it?

Well, here’s an ad I saw at the bottom of the article:

The sport portrayed is jousting. A violent medieval activity that often resulted in serious injuries or even death. And then there’s the brand name itself: “Tax-Slayer.”

Now, if I were with TaxSlayer, I don’t think I’d want my ad to show up under this story. Or would I?

Since the story is breaking news, it’s bound to get a lot of eyeballs. +1 point.

The ad is relevant to the story (the content contains references to taxes and the IRS). +1 points.

The ad is in extremely poor taste given the nature of the article. -10 points.

It comes down to brand image versus short-term profits. If the visitors coming to the article are indeed concerned about the IRS and taxes in their own lives, then they may sympathize with Mr. Stack and would like to “slay” the tax man themselves.

But, even for that crowd, the ad is likely jarring (pun intended).

What would you do if it were your decision to run the ad or pull it for a short while?

Categories : Internet Marketing
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