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Why pay for advertising that does not yield sales?
What if you could increase the number of people that visit your site to customers who purchase or take action on your site by 1 percent? What would a 1 percent increase in conversion mean to your bottom line? Even on low-ticket items, a 1 percent increase in conversions can be potentially staggering when considered over time. How do you increase conversions?
What about advertising?
Ultimately, the goal is all about ROI or return on investment--publishers aim to make more than they spend. For every dollar you spend in advertising, you want to make a profit of $ 2.00 or better. That means in many cases you will need to monitor any changes in sales and web traffic, and determine what specific actions are resulting in the sales increases. When evaluating advertising campaigns, consider whether the results will be long term or short term. Long term results from a short term expense could involve a website design. Short term results are generally things like ezine advertisements that result in sharp sales spikes that don't generally last. Consider whether the expense is a one time cost or ongoing. Equally important, determine whether you can reliably track and measure the results of the advertising campaign. Can the results be reproduced by spending more money? Targeted advertising will convert at a higher rate than non-targeted advertising. It is critical that advertising be targeted, so that you can maximize your conversion and increase your ROI. On the other hand, if you have a low conversion rate, spending money on advertising is not likely going to produce significant results or a high ROI--so before you part with any hard earned cash take a look at your conversion rate. Why pay for terms that are not converting?
Pay particular attention to what keywords result in traffic, and what keywords result in actual sales. Anyone can purchase traffic with the keyword phrase "free money" but how many of those who click are going to take the desired action on your webpage? Keyword terms that are closely related to the product or service being sold are going to have a higher conversion. It is important to filter phrases or keywords, that do not convert or result in unrelated traffic (due to synonym use). What about the landing page?
Unique URLs or special landing pages can be instrumental in tracking a advertising campaigns success. They are also helpful when you conduct split-testing sending users to different web pages, and then tracking the actions that result. What common problems result in poor conversions?
While some items are easy to measure, others become a little more nebulous, it is difficult to know whether enhanced graphics will increase sales, but they should be considered when evaluating a poor conversion rate. Sharon Housley manages marketing for FeedForAll https://www.feedforall.com software for creating, editing, publishing RSS feeds and podcasts. In addition Sharon manages marketing for NotePage https://www.notepage.net a wireless text messaging software company. |
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