critical competitive intelligence tools and tricks

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The Proven Methodology to Improve Conversions! Byron White Chief Idea Officer ideaLaunch Internet Marketing Club Wednesday August 31, 2011 10 Golden Rules

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Byron White's presentation for Internet Marketing Club, August 31st, 2011.

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Page 1: Critical Competitive Intelligence Tools and Tricks

The Proven Methodology to Improve Conversions!

Byron WhiteChief Idea OfficerideaLaunch

Internet Marketing ClubWednesday August 31, 2011

10 Golden Rules

Page 2: Critical Competitive Intelligence Tools and Tricks

Content Marketing Chaos vs. Clarity

Page 3: Critical Competitive Intelligence Tools and Tricks

The ContentMarketing Revolution

Improve Conversions Intelligently—The Content Marketing Way

Page 4: Critical Competitive Intelligence Tools and Tricks

What isContent Marketing?

Page 5: Critical Competitive Intelligence Tools and Tricks

It’s the art of listening to your customers’ wants and needs

Search Box

Social Media

Web Analytics

Keyword Popularity

Customer Service

Questionnaires

Page 6: Critical Competitive Intelligence Tools and Tricks

And the science of delivering it to them in a compelling way

Articles

Blogs

Books

eBooks

RSS Feeds

Printed Books

Newsletters

Videos

Web

Widgets

Page 7: Critical Competitive Intelligence Tools and Tricks

It’s catching readers orbiting at high speeds

Applet

Desktop

Events

Information Portals

Mobile

Podcasts

RSS Feeds

Social Networks

News

Page 8: Critical Competitive Intelligence Tools and Tricks

With information they want and need

Love It Metrics

Downloads

Time on Site

Repeat Visitation

Send to Friend

Post to Network

Link to Page

Page 9: Critical Competitive Intelligence Tools and Tricks

It’s testing campaigns to learn what works best

A/B Testing

Multivariate Testing

Eye Track Testing

Segmentation Testing

Geo Target Testing

Usability Testing

Content Testing

Page 10: Critical Competitive Intelligence Tools and Tricks

And finding the most efficient path to engagement and sales

The Trust Pipeline

Score Engagement

Qualify Lead

Evaluate Intent

Induce Trial

Motivate Purchase

Get the Sale

Correlate Assets to Sale

Page 11: Critical Competitive Intelligence Tools and Tricks

Improve Conversions Intelligently– The Content Marketing Way!

Page 12: Critical Competitive Intelligence Tools and Tricks

A Sneak Peak at the Conversion Formula

Content: Are you earning trust with information customers want and need?

Usability: Is your content and imagery optimized for conversion?

Motivation: Do you have clear reasons to buy and not try the competition?

Incentive: Are you offering any incentives, trial or reward?

Friction: Have you identified potential resistance and reduced the pain points?

Anxiety: Have you pinpointed the concerns and resolved the issues?

Conversion = (Content + Usability + Motivation + Incentive) - (Friction + Anxiety)

Page 13: Critical Competitive Intelligence Tools and Tricks

The Six Step Content Marketing Process and Workflow

Page 14: Critical Competitive Intelligence Tools and Tricks

Step 1 Content Planning

What’s in the Content Plan?

Competitive Research

Customer Research

Market Share Research

Style Guide

Content Asset Allocation

Why create a Content Plan?

How much content?

How frequently?

How good is it?

What distribution channels?

Page 15: Critical Competitive Intelligence Tools and Tricks

Competitive Research

Page 16: Critical Competitive Intelligence Tools and Tricks

Content Asset and Topic Research

Page 17: Critical Competitive Intelligence Tools and Tricks

Competitive Quantity, Frequency and Quality

Page 18: Critical Competitive Intelligence Tools and Tricks

Competitive Social Research

Page 19: Critical Competitive Intelligence Tools and Tricks

Widgets and Apps Research

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Research Summary

Content Asset YourSite.com Competitor.com

Traffic A C

PPC Spend B A

Content Portfolio B B

Content Authority C B

Publishing Frequency D C

Social Reach F D

Social Conversations F F

Testimonials A F

Partnerships B A

Internal Links C B

Inbound Links C C

SEO Strength A C

SEO Performance B A

Testing Methodology A B

Page 21: Critical Competitive Intelligence Tools and Tricks

Customer Research

• Search Box. Track what prospects are looking for and what they find.

• FAQs. Review what customers ask for and the language used.

• Customer Service Reps. Learn the FAQs and knowledge requests.

• Customers. Speak with customers and learn the wants and needs.

• Analytics. Discover the source of traffic and navigational pathways.

• Surveys. Ask for feedback on your content, navigation and methodology.

Page 22: Critical Competitive Intelligence Tools and Tricks

Customer Personas

Page 23: Critical Competitive Intelligence Tools and Tricks

Customer Personas

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Style Guide

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Step 2 Content Creation

How good? + Customer Wants and Needs+ Access to Industry Expert Writers+ Conversion Influence+ Cost for Conversion Ratio

How much? + Content Curation+ Topic Research+ Competitive Intelligence+ Link Popularity+ Market Share Value

How often?+ Competitive Publishing Frequency+ Timeliness and Contextual Relevancy+ Conversational and Contagious

Page 26: Critical Competitive Intelligence Tools and Tricks

Indentify your company’s mantra as the starting point

Winning is Everything Green Bay Packers

Think IBM

Fun Family Entertainment Disney

Save Babies March of Dimes

Healthy Fast Food Wendy’s

Kick Butt in Air and Space Air Force

The Art of the Start, Guy Kawasaki

Page 27: Critical Competitive Intelligence Tools and Tricks

Get in tune with customer 2.0 wants and needs

Customers Needs

• Credibility, Belief and Logic

• Exposure to New Information

• To Laugh

• Mystery and Bravery

• Surprise and Delight

Content Critical by Gerry McGovern and Rob Norton

2.0 Customers Needs

• Info in a Hurry

• Access to Specific Things

• Personalization

• Authority Advice

• Relevant Content

Page 28: Critical Competitive Intelligence Tools and Tricks

Hire great writers with great characteristics

Curiosity

Passionate Voice

Well Traversed

Make Meaning

Keep it Simple

Less is More

Short and Sweet

Fresh Insight

Results Driven

Inquisitive

Storytellers

Journalists

Researchers

Socratic

Optimizers

Knowledge Seekers

Wordsmiths

Deep Diggers

Big Picture Thinkers

Page 29: Critical Competitive Intelligence Tools and Tricks

Learn how and why to tell stories

Great Stories --> Solve problems

--> Teach us to be smart

--> Offer surprise and delight

--> Focus on “what happens next”

--> Introduce great characters

--> Are contagious

--> Engage readers

Sisomo by Kevin Roberts

Page 30: Critical Competitive Intelligence Tools and Tricks

Learn why some stories get passed on and on

Information A StoryFills You Up Moves You OnFacts ActsCiting ExcitingReams DreamsPromotional EmotionalStatic DramaticCheck lists Casts of CharactersCompiling CompellingAnnotated AnimatedFeeding the Brain Touching the HeartExpires Inspires

Page 31: Critical Competitive Intelligence Tools and Tricks

Create informational content that sells WITHOUT selling

Info Content

Speaking Events

White Papers

Webinars

Podcasts

Books

Online Courses

Workbooks

Press Releases

Page 32: Critical Competitive Intelligence Tools and Tricks

Step 3 Content Optimization

The SEO Plan

Competitive Intelligence

Keyword Research

Keyword Silos

Market Share Timestamp

Content Asset Allocation

Page 33: Critical Competitive Intelligence Tools and Tricks

Competitive Research: Lots of Free Tools

Free Research Tools

WordVision.com

SpyFu.com

Compete.com

Quantcast.com

SEOMajestic.com

Raven-SEO-Tools.com

Tools.SEOBook.com

SEOToolSet.com

LinkVendor.com

MarketLeap.com

Page 34: Critical Competitive Intelligence Tools and Tricks

Competitive Research

Page 35: Critical Competitive Intelligence Tools and Tricks

Competitive Research

Page 36: Critical Competitive Intelligence Tools and Tricks

Competitive Research

Page 37: Critical Competitive Intelligence Tools and Tricks

Competitive Research

Page 38: Critical Competitive Intelligence Tools and Tricks

Keyword Research and Filtering

Page 39: Critical Competitive Intelligence Tools and Tricks

Keyword Silos

Page 40: Critical Competitive Intelligence Tools and Tricks

Keyword Silo Strategy

Page 41: Critical Competitive Intelligence Tools and Tricks

Make easy for writers to optimize content for SEO

Page 42: Critical Competitive Intelligence Tools and Tricks

Make it easy for writers to score content for SEO

Page 43: Critical Competitive Intelligence Tools and Tricks

Time stamp the date you publish content

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Time stamp the market share of your keyword silos

Page 45: Critical Competitive Intelligence Tools and Tricks

Time stamp your SEO performance in the search engines

Page 46: Critical Competitive Intelligence Tools and Tricks

Step 4 Content Editing

Advanced Editing Process

Content Plans

Topic Research

Style Guides

Writer Sampling

Editorial Revisions

Content Haiku

Brand Infusion

Fact Proofing

Technical Review

Legal Review

Engagement Testing

Delightful Verification

Page 47: Critical Competitive Intelligence Tools and Tricks

Great Editors are required to develop great content

“Writing is easy: All you do is sit staring at a blank piece of paper (screen) until the drops of blood form on your forehead.”

—Gene Fowler

“There’s nothing to writing. All you do is sit down at a keyboard and open a vein.”

—Red Smith

Page 48: Critical Competitive Intelligence Tools and Tricks

Great Editors know how to craft an engaging story

Information A Story

Fills You Up Moves You On

Facts Acts

Citing Exciting

Reams Dreams

Promotional Emotional

Static Dramatic

Check lists Casts of Characters

Compiling Compelling

Annotated Animated

Feeding the Brain Touching the Heart

Expires Inspires

Page 49: Critical Competitive Intelligence Tools and Tricks

Great Editors find your company’s Haiku and distinct voice

Haiku: Japanese 3 line poem, 17 syllablesDefine the style and tone that delights readers

Identify what type of content performs best

Modify content assets for different channels

Develop consistency within content assets

Page 50: Critical Competitive Intelligence Tools and Tricks

Great Editors understand the sales funnel

• Preliminary: Headlines, visuals, architecture and familial content.

• Investigating: Knowledge-seeking and trust-building opportunity

• Capability: Show how you solve problems and deliver on needs

• Action: Motivate sign up, download or buy

Page 51: Critical Competitive Intelligence Tools and Tricks

Step 5 Content Distribution

Distribution Channels

On-Site Distribution

Off-Site Distribution

Page 52: Critical Competitive Intelligence Tools and Tricks

Articles

Books

Courseware

eBooks

Podcasts

Printed Books

Tip Centers

Webinars

Whitepapers

Widgets

Workbooks

Video

Determine the right mix of content assets

Page 53: Critical Competitive Intelligence Tools and Tricks

On-Site distribution architecture with cross pollination

Page 54: Critical Competitive Intelligence Tools and Tricks

Off-Site distribution gets the words out and traffic in

Page 55: Critical Competitive Intelligence Tools and Tricks

Step 6 Content Performance

Page 56: Critical Competitive Intelligence Tools and Tricks

Listing Positions

Page 57: Critical Competitive Intelligence Tools and Tricks

Organic Traffic

Page 58: Critical Competitive Intelligence Tools and Tricks

Content Downloads

Page 59: Critical Competitive Intelligence Tools and Tricks

Sales Influenced by Content Assets

Page 60: Critical Competitive Intelligence Tools and Tricks

Time On Site

Page 61: Critical Competitive Intelligence Tools and Tricks

Return Visitors

Page 62: Critical Competitive Intelligence Tools and Tricks

User Acquisition Cost

Page 63: Critical Competitive Intelligence Tools and Tricks

Conversion Rates

Page 64: Critical Competitive Intelligence Tools and Tricks

Always test to mitigate the paradox of choice

• Too many choices with the new age of micro expansion

• New rules for complex decision making

• New meaning needs to be developed to find the best path

• New methodology needs to be formulated for big decisions

• New reward needs to surface with the right decision

The Paradox of Choice by Barry Schwartz

Page 65: Critical Competitive Intelligence Tools and Tricks

Apply the conversion formula to your testing workflow

Content: Are you earning trust with information customers want and need?

Usability: Is your content and imagery optimized for conversion?

Motivation: Do you have clear reasons to buy and not try the competition?

Incentive: Are you offering any incentives, trial or reward?

Friction: Have you identified potential resistance and reduced the pain points?

Anxiety: Have you pinpointed the concerns and resolved the issues?

Conversion = (Content + Usability + Motivation + Incentive) - (Friction + Anxiety)

Page 66: Critical Competitive Intelligence Tools and Tricks

Test “feel” words to improve conversion rates

Employment Sell Words

Entry Level Position

Excellent Growth Opportunity

Immediate Openings

Leading Company Seeks

Growing Company Seeks

Team Player

Strong Interpersonal Skill

Financially Motivated

Annual Performance Bonus

Team Environment

Financial Sell Words

You’re Already Pre-Approved

Cash Back Offer

Be Debt-Free in Weeks

Instant Financial Freedom

No Annual Fee

Pocket Extra Money

Low Introductory Rate

Fast Cash

Start Saving Now

Peace of Mind

Page 67: Critical Competitive Intelligence Tools and Tricks

Test “sell” words to improve conversion rates

Offers

Special Offer

Exclusive Offer

Limited Time Offer

Click Here

Right Now

Instant Access

Instant Download

Free Shipping

No-Fuss Signup

Easy Signup

Trials

Free Trial

First Time Trial

No-Risk Trial

Risk Free Trial

Buy After Review

Test Drive

Free Membership

Free Subscription

Join Beta Group

Free Trial with Feedback

Motivators

Free Gift

Pays for Itself

Limited Availability

As Seen on TV

Solve X

Stop Y

All Inclusive

Best Rated

Tested and Proven

Money-Back Guarantee

Page 68: Critical Competitive Intelligence Tools and Tricks

Test both positive and negative sell words

Negative Sell Words

Baffling

Blurred

Unclear

Bewildering

Mind-Boggling

Complicated

Convoluted

Perplexing

Puzzling

Mixed Up

Positive Sell Words

Persevering

Efficient

Hard-Driving

Proactive

Adaptable

Responsive

First-rate

Top-notch

Highly Competent

Powerful

Page 69: Critical Competitive Intelligence Tools and Tricks

Proven methodology delivers the conversion improvemement you demand

Page 70: Critical Competitive Intelligence Tools and Tricks

“The only marketing left is content marketing.” Seth Godin

Byron White, ideaLaunch

Chief Idea Officer

Twitter: @ByronWhite

Byron[at]ideaLaunch.com

Phone: 617-227-8800 x 201

Free 101 Content Marketing Tips Book DownloadVisit ideaLaunch.com