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Showing posts with label Online. Show all posts
Showing posts with label Online. Show all posts

Wednesday, February 23, 2011

Online Marketing, The 36 Hour Course

As an internet user and developer, I tend to hear the words “internet marketing” and “online marketing” fairly frequently on social media, forums and on blogs. Obviously, I have a blog and have worked with web analytics, so some of the topics are somewhat familiar to me. However, I never really knew what “online marketing” was besides some of the basics of SEO and web analytics. So, it was with great interest that I started reading “The McGraw-Hill 36-Hour Course: Online Marketing” by Lorrie Thomas.

Let me start by giving you my general thoughts before I dig into the book. First, I tend to “dog-ear” pages that I want to return to because they say something interesting or important. I must have done this every 15 pages in a 250 page book. That should tell you how much information is being presented. Also, anyone that has a blog or a website or an online business can benefit from this book in some way because of the breadth of information.

The basic idea is that the book is supposed to give you enough knowledge to know where to look for deeper knowledge. They even provide a way for you to take a test and earn a certificate, which is an interesting direction for the publisher. The book provides an overview of several topics, with each major topic getting its own chapter:

One important note about this book, is that there are a ton of checklists. Because this is an introduction to several topics, this is a great way to convey information without getting into too many details. It is also a helpful way for someone just starting out to get some basic implementations completed that they can learn from.

There were two checklists that really caught my eye. First, there were the five components to a successful site:

Credibility: You never get a second chance to make a great first impression.Usability: What makes site viewers stick and click.Sellability: Showcasing case studies, testimonials, and whatever makes your organization different from or better than the competition is imperative.Scalability: Your website must be architected and developed in a way that can accommodate ease of expansion (adding pages, video, content, etc).Visibility: You need a plan to drive traffic to the site.

People often seem to focus on a few of these items, but not all of them. In particular, sellability is ignored because most people are not an ecommerce site. However, on the internet everyone is selling something. On this blog, I am basically selling information. I do not have any eBooks or fee-based communities yet, but the information on this site is valuable to some people. Obviously, by having a blog at all, I want people to read it, and anyone with a web site wants at least some attention.

The other checklist that I wanted to highlight was Joe Pulizzi’s “Five Pillars of Content Marketing – The Ultimate Definition”:

Editorial-based (or long form) content: It must tell a relevant, valuable story.Marketing-backed: Content has underlying marketing and sales objectives that an organization is trying to accomplish.Behavior-driven: Seeks out to maintain or alter the recipient’s behavior.Multi-platform: Print, digital, audio, video and events.Targeted toward a specific audience: If you can’t name the audience, it’s not content marketing.

In many cases, the target audience is often forgotten. For a blog, the audience may evolve over time, and this is true for many web sites. However, you should keep in mind one important note from the book:

Can you visualize the ideal customer (gender, age, income, etc)? It will help you craft effective marketing messages. What would cause someone to want or need to buy what you sell in the first place? These are called trigger points.

If you can not figure out who you are writing for, then why are you writing? If your target audience is too broad, your writing may not fit any audience. If you are just writing without a target audience, then you have a prayer-based initiative, meaning you are writing and then praying that someone will read it.

For web analytics, Lorrie recommends setting up a service like Google Analytics, but also making sure you are using it correctly. Use tools like SiteScan to ensure you have implemented the tags correctly. Use Google’s URL Builder to track “marketing initiatives by tagging your online ad URLs with specific information like campaign, medium, and source so that GA can show you which activities are paying off.”

Advertising, marketing and public relations are a big part of the book. Granted this is an online marketing book, so it should not be a surprise. One of my favorite bits of advice was regarding advertising:

“Which types of ads work best? Tested Ones. Online advertising success varies per product, service, goal and industry. In order to find your optimal equation for success, you need to test everything. Ideas are created then implemented, but without commitment to managing, monitoring, and optimizing new efforts, success may never be fully achieved.”

Whether you are buying advertising on different sites, or displaying advertising on your own site, testing these advertisements is hugely important. The same is true of other types of advertising. Even though everyone seems to be involved with social media like Facebook and Twitter, sometimes the basics are still the best way to go. E-Mail marketing works, and Lorrie provides some excellent statistics like “e-mail marketing generated an ROI of $43.62 for every dollar spent on it in 2009. The expected figure for 2010 is $42.08.” Obviously, e-mail marketing still rocks if you are not completely spammy. Even though the ROI is very high, you will need to test your e-mail marketing as well.

On the public relations side, the SEO Press Release Checklist contains an extensive list of items that ensure your press release is SEO friendly. This is great information for people not entirely familiar with the PR industry, which will be most people setting up new websites. Granted, the checklist will not make you an instant PR professional, but it is definitely helpful for a PR newbie.

The last chapter, “Managing Multitasking Web Marketing”, includes daily activities that help you use all of the knowledge in the book. In particular, Days 11, 12 and 13 help you put together the PR, SEO, custom landing pages and social media campaigns, so that your launch can be truly successful.

Obviously, I did like the book and would recommend it to people with a startup, a new website or even a small blog. There is a lot that you can learn from the book because of the breadth of knowledge that you need to master online marketing. One caveat to this recommendation is that if you are looking for deep knowledge on any one topic, this is not the book for you. As an example, there is good information on web analytics, but it is basic introductory knowledge as is appropriate for a general overview of many topics. If you are looking to become a web analytics professional, there are books that provide the deep knowledge you require. However, for online marketing as a whole this is a great introduction.

Disclosure: I received a free review copy of the book from the publisher, but that did not affect the tone of this post. I was not compensated in any other way by the author or the publisher.

Originally posted: RegularGeek.com


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Tuesday, February 22, 2011

Fraud Scandal Hits China's Online Giant Alibaba (Time.com)

A fraud scandal at Chinese e-commerce giant Alibaba.com is a sharp blow to a business built on faith in online transactions. On Monday the business-to-business site's CEO David Wei and COO Elvis Lee resigned, according to a statement filed with the Hong Kong stock exchange. While the two executives were not linked to the fraud allegations, they stepped down to "take responsibility for the systemic break-down in our company's culture of integrity," according to the statement. On Tuesday, the company's shares dropped 8.6% in Hong Kong.

An internal investigation by independent board member Savio Kwan revealed that Alibaba.com noticed an increase in fraud claims beginning in late 2009 against sellers designated as "gold suppliers," which means they had been vetted by an independent party as legitimate merchants. The investigation revealed that about 100 Alibaba.com sales people, out of a staff of 5,000, were responsible for letting fraudulent entities evade regular verification measures and establish online storefronts.

The company said that it uncovered fraudulent transactions by 1,219 of the "gold suppliers" registered in 2009 and 1,107 of those in 2010, accounting for about 1% of the total number of those years' gold suppliers. Alibaba said "the vast majority of these storefronts were set up to intentionally defraud global buyers," by advertising consumer electronics at cheap prices with low minimum order requirements. The average claim against fraudulent suppliers was less than $1,200.

On Monday Alibaba founder Jack Ma emphasized the importance of integrity of both the company's staff and its online marketplaces. "We must send a strong message that it is unacceptable to compromise our culture and values," he said, according to the company statement. A former English teacher, Ma expanded Alibaba into a global leader in online commerce. He is one of China's most admired technology entrepreneurs, and in 2009 was named to the TIME 100. He now heads Alibaba Group, which includes Alibaba.com, consumer retail site Taobao.com and Alipay, a Chinese online payment system like PayPal. Alibaba.com is partly owned by Yahoo, though Ma has tried unsuccessfully to buy out that stake. Jonathan Lu, the CEO of Taobao, was named as the new head of Alibaba.com, a job he will hold concurrently with his position at Taobao. (See the 2009 TIME 100.)

In November 2010 Alibaba reported that it had more than 56 million members and had earned more than $570 million over the first three quarters of the year, a 30% increase over 2009. Alibaba said that the frauds had "not had a material financial impact" on the company. But the damage to the company's reputation may have a more lasting significance.

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