- Excerpted from: Local Search Site Judy's Book To Shut Down at Search Engine Land (Oct. 24, 2007) by Greg Sterling
TechCrunch first reported (confirmed on CEO Andy Sack's blog) that local search site Judy's Book is shutting down and/or looking for a buyer. After struggling to monetize its traffic, the site shifted its business model to emphasize coupons and local deals. The firm had raised over $10 million in two investment rounds. This follows the sale of Judy's Book competitor InsiderPages to IAC's Citysearch and the failure of Backfence.com.
Some might be inclined see this latest closure of a local site as evidence that local's not working. The truth is that it's quite complicated with little room for error by startups. For online consumers, however, local is growing in importance. Just to put the discussion in larger context, here are some facts and stats about local that I quickly compiled:
Internet ad spending will reach $62 billion and surpass all other media by 2011; local online spending will reach $19.2 billion. Local search is projected to be $4.1 billion. Veronis Suhler Stevenson, August 2007
Local search is the second most popular online activity after e-mail
Piper Jaffray (2007)
60% of all local business searches now happen online (33% happen in print yellow pages) and 82% of the people using local search sites follow up their research with offline action
TMP Directional Marketing-comScore, August 2007
Out of the 130 million monthly unique users of Yahoo last year, 116 million of them came to Yahoo with local intent.
Hilary Schneider, Executive Vice President, Global Partnership Solutions, Yahoo!
The Internet will influence a trillion dollars in offline/local retail spending by 2010/11
JupiterResearch, Forrester Research, 2007Here's some additional recent data on consumer usage of the Internet to find local information from WebVisible and Nielsen. I've also got some additional discussion of the Judy's Book closure on my personal blog Screenwerk.
Mr. Sack, a seasoned tech founder, has been a pioneer in the area of energizing local commerce with online tools. Via his blog, he remained very open about the lessons he was learning while leading Judysbook.
The failure of Judybook to be profitable highlights the need for:
1. a model with a new approach to monetization - membership subscriptions and ad revenue fall short
2. achieving an early break-even - minimization of advertising expenses.
Wednesday, October 24, 2007
Saturday, October 20, 2007
- Excerpted from Connecting Clients to Customers through Social Media Optimization | 7 Pillars of Internet Marketing (October 18, 2007 – 8:25 am)
Every few years major changes take place on the internet and often times this is driven by the way the internet is used. A major shift in the use of the internet has been taking place. The shift is one of transformation from finding information through search engines and buying things through portals to one where people turn to other people for their recent in depth knowledge of an issue or experience buying a product.
Google actually finds itself in a precarious position as a company attempting to protect old revenue streams resulting from search, while simultaneously moving into new social media territories that make Google Search as we know it obsolete.
How Does Social Media Marketing work?
If you had a good experience with a realtor, and a friend asks you, "Do you know a good realtor?" Odds are you might tell them about your experience and the name of the realtor. Offline this is as old as money, possibly as old as bartering, its called word of mouth. Online when a person shares their experience about a good or even a bad experience, its called social media marketing.
Google Search relies on an old derivative of word of mouth marketing online. That derivative is powered by the ability of a person or company to put together a website and take the time to mention the value or non-value of a product or service or even a subject. It used to be technically somewhat difficult to launch a website. Not everyone knew how to do it, nor had the money to hire a pro.
Social Media Marketing is happening. It will heavily impact the local market where millions of small business owners and professionals serve the needs of consumers and other businesses.
But these business people won't engage an ad agency to energize their social marketing. They need an effective, simple tool that captures the word-of-mouth that is already happening.
Can this model be monetized? (The crucial question.)
The answer depends on whether or not the model can demonstrate to these business owners that paying for advertising after it's already made them money beats the old way of thinking. Whether it's valuable to stay close to their loyal neighbors and customers vs. to essentially ignore them with their ad $ and to spend their budget on the Yellow Pages.
My prediction - a revolutionary model - a "Connect-gine"TM will come along.
Friday, October 19, 2007
- Excerpted from SearchEngineWatch:Searching for a Better Local Ad Model
by Michael Boland
Local search is a paradox. At least, its current ad models are. In one sense, online pure plays, such as search engines, have done the best job building local search products with online mapping, social search and Web 2.0 appeal.
Local search products from online pure-plays eventually hit a wall. Ad models rely on self-service. Advertisers sign up and manage search-based ad campaigns on their own. The vast majority of doctors, restaurant owners and bricklayers are simply too busy being doctors, restaurant owners and bricklayers to become search engine marketers.
On the other hand, yellow pages publishers with fleets of eager young sales reps knock on every small business' door in town to sell, launch and optimize their online ad campaigns. If only that were the case.
The truth: yellow pages companies have this capability, but haven't yet fully executed. Why? They're staring at the potential loss of core offline revenues. Undermine a model that brings in 40 percent plus margins? Not the lesson taught in B-school.
More to the point, yellow pages publishers have what online pure plays are missing (physical sales channel), but lack what they do have (better search-based products).
The fact remains: local search players have an edge from a product development standpoint. The natural tendency to cram an offline model into an online product doesn't work.
So, local search players lack sales channels, while yellow pages publishers lack the Web 2.0 gene. Can't we breed them to create some kind of mutant super local search monster? (I call him Yattoogle.)Buy or Build?
As for building from scratch, we're also seeing a lot of action. Citysearch announced the launch of a 150 person Atlanta-based sales center in January. Online marketing firm ReachLocal received a $55 million investment to continue building out its own feet on the street earlier this month, while Weblistic continues to staff local sales reps.
Meanwhile, hyper-local site Smalltown has built up a small but successful local ad sales strategy in the San Francisco Bay area. The company brings local businesses online with low barrier "Webcards," a de facto Web presence that is easier and cheaper than starting a Web site. Webcards also have the portability, functionality and social elements of being easily e-mailed, shared and embedded with pictures and video.Taking it to the Streets
To put the local ad sales opportunity further into perspective, it comes down to the wide swath of local advertisers -- representing billions in untapped ad dollars -- who aren't advertising in the yellow pages. Local advertising in the print yellow pages is a $16 billion industry, according to The Kelsey Group.
"In the century or so that the yellow pages has been around, the industry only has about a 30 percent penetration of the small-business marketplace," said Marc Barach, CMO of Ingenio. "There is an opportunity to grow this with new products."
Given that many of these businesses don't have Web sites to begin with, low barrier ways to get online such as landing page or microsite offerings (i.e. Smalltown's Webcards), could complement this product bundle.
Throw in hosting and other services, and this could represent the opportunity to be the trusted source that provides the training wheels for SMBs to get online and advertising. Develop this hand-holding relationship early in a company's transition to the Internet, and you could have an advertiser for life.My Take
A new model is inevitable. In my opinion it will be completely contrarian.
But I do not think the next model will require an army of sales representatives. After all, who sold you on using Google? Or Facebook?
It will grow like Craigslist, involve people like MLM and benefit the community like SETI.
The infrastructure (persistent broadband, mobile messaging, etc.) is in place. Users are already conditioned and ready to accept it. Advertisers would dive in to be the first ones to benefit.
The only thing stopping this is the creativity of marketers.
Thursday, October 18, 2007
- Excerpted from: Offline Conversion Tracking: The Missing Metric
"I know that half of my advertising dollars are wasted...I just don't know which half." It's not a joke: it's an astute observation from pioneer marketer John Wanamaker. John was a Philadelphia businessman who conceptualized the department store in the early 1900s. Today, 100 years later, we share the same problem Wanamaker faced of identifying which advertising works and which doesn't.
Online search drives offline sales
In March 2006, comScore conducted a study for Google that showed 63% of purchases by consumers who conducted online searches were made offline. This means consumers called or went to their local stores rather than purchasing an item from a web site.
With the holiday season fast approaching, small and local businesses should sit up and take notice. History repeats itself in marketing, just as in life, so there's a good chance this upcoming holiday season will produce similar statistics as previous years.
Local search behavior dictates purchase method
A Neilsen//NetRatings and WebVisible local search study revealed some interesting insights on local search behavior. The study found that consumers using a search engine to find a local service shopped very differently from a searcher on Amazon or eBay where the transaction occurred online.
According to the study, the local searcher would find a local business via search, but then use the phone 68% of the time to make contact with and/or purchase from the business.
The results of this study send two loud and clear messages: if you're a local company that is not advertising online, you should. And secondly, if you are advertising online and your company completes much of its transactions offline, you need to track offline conversions to get a complete picture of your marketing performance. And just which methods are proven to offer accurate offline tracking?
Methods of tracking offline conversions
Here are a few methods used to track conversions offline.
1. Simple Methods for Offline Conversion Tracking2. Intermediate Methods of Offline Tracking
3. Advanced Offline Conversion Tracking Techniques
4. Graduate level offline conversion tracking...The preferred method for conversion was the phone. This particular client does over 90% of its business by direct phone calls driven from their web site, but none of that is captured in their online analytics.
Offline conversion tracking gives you the information you need to make better marketing decisions and to better allocate your advertising resources.
Christine Churchill is President of KeyRelevance.com, a full service search engine marketing firm. The Small Is Beautiful column appears on Thursdays at Search Engine Land.My Take
The gist of this article applies to all local businesses - they need a way to track the efficiency of their advertising.
It is revealing that most companies that spend large amounts for online advertising are struggling with monitoring which of their ad campaigns really produce sales.
What if local small business owners had the power to immediately harness and measure their most effective advertising channel - and only pay as much as they want to - and pay it after they have earned their revenue?
Wouldn't that be something?
- - Tim
- .. -- - .. -- - .. -- - .. -- - .. --
- Is viral marketing the same as word of mouth?
I got a note from a college student last week, explaining that his professor told him he couldn't use the term 'viral marketing' in a paper. It doesn't exist, apparently, it's just a new-fangled form of word of mouth.
I found the interaction fascinating ("I'm not certain what benefit is gained by arguing with an instructor" is my favorite quote from his teacher) but I got to thinking about whether the instructor had a point.
"Viral marketing" shows up 2,000,000 times in Google, "ideavirus" shows up 200,000 times. Of course, you could argue that just because millions of people are using a term doesn't make it legitimate (though you'd be wrong).
Viral marketing ≠ word of mouth. Here's why:
Word of mouth is a decaying function. A marketer does something and a consumer tells five or ten friends. And that's it. It amplifies the marketing action and then fades, usually quickly. A lousy flight on United Airlines is word of mouth. A great meal at Momofuku is word of mouth.
Viral marketing is a compounding function. A marketer does something and then a consumer tells five or ten people. Then then they tell five or ten people. And it repeats. And grows and grows. Like a virus spreading through a population. The marketer doesn't have to actually do anything else. (They can help by making it easier for the word to spread, but in the classic examples, the marketer is out of the loop.) The Mona Lisa is an ideavirus.
This distinction is vital.
For one thing, it means that constant harassment of the population doesn't increase the chances of something becoming viral. It means that most organizations should realize that they have a better chance with word of mouth (more likely to occur, more manageable, more flexible) and focus on that. And it means, most of all, that viral marketing is like winning the lottery, and if you've got a shot at an ideavirus, you might as well over-invest and do whatever it takes to create something virus-worthy.
And yes, I happen to think that arguing with the instructor is a very good idea.
If you are a successful business owner who sells in your local area and are not generating substantial revenue from word-of-mouth leads, then your business is dying. Your failure to generate word-of-mouth referrals indicates a structural failure in your business model.
Yet, as Mr. Godin points out, word-of-mouth is itself a decaying function. What you need to achieve is viral growth.
What if - with no additional effort - you could tie your word-of-mouth leads to a virally spreading engine? A "Connect-ginetm". What if you could give your friends, neighbors and clients a means for passing along the leads that they normally give you - along with an incentive and a means of benefiting the community?
Now that would be cool :-)
- - Tim
- .. -- - .. -- - .. -- - .. -- - .. --
- Tags: wordofmouth, viralmarketing
Thursday October 18, 2007 - 12:58pm (EDT)
Monday, October 15, 2007
- Excerpted from: Times Online
Local businesses are still too hard to find on the web, but the big web companies are queueing up to help
For the most part, small businesses have been slower than big businesses in shifting marketing dollars to the internet, and it's not hard to see why: many small business owners don't have the time or expertise to learn about the new medium, and ad purveyors don't have the time or expertise to create the products and services that will work in small local markets.
Both of those things will undoubtedly change over the next decade or so. That's why a start-up company like ReachLocal can raise an incredible $68 million (£33.5 million) to position itself as the ad sales force for local online advertising.
The sleeping giants in the local ad business are the Yellow Pages companies, and they are rushing to build out their online offerings. But it's not obvious that they'll be able to translate their one-time stranglehold over sectors like plumbers and injury lawyers into similar dominance on the internet. In fact, Google and Yahoo!, with their local initiatives, are a big challenge, and lots of new players are rushing to get involved.
A new survey sponsored by a company called Webvisible shows a great deal of variety in how people do "local search." They use search engines, they use local directories, they use local newspapers, they use consumer review sites. There's a whole sector of companies - Yelp is probably the leader – whose premise is that getting a community to post reviews of businesses is the key to effective local search.
Certainly, the current experience when searching for small businesses online is often quite disappointing, with strange aggregations of generic directory listings leading to an unhelpful maze of links. A lot of money is being spent trying to do this better, but the smaller and more local the geography, the more difficult it will be for big national directory platforms to provide a good experience.
This online market, more than most, is still very much up for grabs.
by Jonathan Weber (founder and editor in chief of NewWest.Net a regional news service focused on the Rocky Mountain West in the United States; previously the co-founder and editor in chief of the Industry Standard)
The local ad market is primed for a major upgrade. Social networks will soon alter the way major consumer purchasing decisions are made.
Like Facebook and MySpace changed the social lives of high school and college students; like Craigslist introduced online/offline community shopping; soon the selection by homeowners and families of merchants, contractors and professional services will be influenced by their network of trusted friends and neighbors.
- Excerpted from "Facebook Has LinkedIn In Their Crosshairs" by Michael ArringtonFacebook may be used for professional networking (particularly in Silicon Valley), but it sure isn’t set up to be. People’s profiles are all about their dating status, pictures, videos and other very personal information. It’s perfect for college dorm networking, but not so much for job or business development hunting.
LinkedIn, by contrast, is set up perfectly to network. You can see your extended network many levels deep, so you can quickly find out if you are connected to a person even with a few degrees of separation. With Facebook, you can go to your friends’ profiles and see who they are friends with, but you can’t go deeper into the social graph than that.
But that’s changing, fast.
- Facebook is creating friend grouping last month.
- Facebook is quietly making changes to their data structure to allow for the concept of “networking.” ... But networking was recently added as a desired relationship type to the API (note that it is not yet an option on Facebook itself yet).
Once launched, Facebook (or third party developers) could add a lot of functionality around networking. Applications could be developed that show a social graph for users who’ve said they want to network that goes much deeper than one level of friends. You could, for example, use Facebook’s people search (which is now public) to not only find people, but see exactly how you are connected to them. In effect, Facebook could build a LinkedIn-type networking application within the overall Facebook network. And that could be very bad for LinkedIn in the long run.My Take
Sunday, October 14, 2007
Nice slide show with stats on WOM.
No footnotes, though.
Friday, October 12, 2007
From The Local Onliner
A new survey of 2,000 consumers by Nielsen/Netratings for WebVisible found that 86 percent of those surveyed used the Internet to find a local business from which to shop, a dramatic rise from a similar survey from last year where it was 70 percent.
Most of the respondents — 74 percent – said they use a search engine when they are looking for a local retail or service business. For these consumers, local search isn’t just synonymous with search engines such as Google or Yahoo. It includes all the different flavors of local media, directories and city guides online. Sixty-five percent use Yellow Pages, 50 percent use Internet Yellow Pages, 44 percent use local newspapers, 33 percent use white pages, 29 percent use TV and 18 percent use consumer review Websites.
Indeed, users have a hard time pinpointing the one source that triggered a “local search” buying decision. Traditionally, this has been an ace-in-the-hole for Yellow Pages, which are thought to be among the best media for getting consumers when they are actually ready to buy.
Carey Ransom, WebVisible VP of Sales and Marketing, says that the findings reinforce the idea that it is not a one player game for local advertisers. While search engines are very important in today’s market, traditional media “complements their core,” he says. “Their share is eroding, but they are still very valid players.”
Other revealing findings come of the study, which has not yet been posted by WebVisible. For instance, 67 percent would prefer using an Internet Yellow Pages over a print book, with most of these saying IYP is “much faster;” 63 percent saying the online listings are “more current;” and 45 percent citing the advantages of online search tools. But print is still considered to have a leg up when it comes to comprehensiveness. Just 27 percent felt that the online version is more comprehensive.
The survey also found a real discrepancy in local search use between downtown, urban and suburban use. Downtown areas saw the highest rate of growth as a local business finder, surging 88 percent over the last two years. Local use also surged for those with household incomes over $75K. Among those users, the rise in local online search coincided with a drop in telephone directory use, which fell by 62 percent.
Website quality also played a significant factor in attracting local commerce. Eighty-five percent of respondents agreed that the quality of a business owner’s website is an important factor in earning the consumer’s trust. Over 75 percent of respondents said they were more likely to make a purchase from “an unfamiliar business with a quality website,” than “a poor website from a known business.” The survey also found that favorable reviews in blogs play a key role in local purchase decisions – but only if the review comes from credible sources.
Consumers now expect that they can find answers - even local ones - on the Web. This article mentions that many prefer certain advantages of traditional media. Yet it does not mention the oldest - and most effective form of advertising: word-of-mouth.
This writer states that media users cannot determine the one key factor in triggering their buying decision. Yet other studies show that a word-of-mouth referral is the most trusted and most likely to result in a sale.
A model that leverages the best of the of the newest technologies along with the most effective form of sales leads; one taking an entirely different approach from 'search engine' marketing and broadcast advertising- that would be something. "Trusted local experts. Word of mouth referrals."TM "Better than free."TMIn development...
Tuesday, October 9, 2007
- October 9, 2007 Los Angeles Times: "Web companies eye market for local ads"SAN FRANCISCO -- When it comes to finding local products and services, consumers are increasingly letting their fingers do the clicking.My Take
Locally targeted search engines have replaced thick phone books as the starting point for millions of people seeking plumbers, personal injury lawyers or hair stylists. That trend is creating a big business opportunity for a slew of online players, including advertising start-ups, Internet giants and traditional yellow-pages publishers.
One Woodland Hills company, ReachLocal Inc., just landed $55.2 million in venture funding to bulk up as it tackles the local-search market.
Welcome to the next big front in the battle for online advertising dollars. Kelsey Group, a research firm based in Princeton, N.J., predicts that local search and Internet yellow-pages ad spending will grow to $4.9 billion in 2011 from $1.9 billion this year.
"It's a huge growth opportunity," said Warren Kay, Yahoo Inc.'s managing director of strategic alliances. "We are very interested in small businesses. They provide meaningful content consumers are looking for."
Search engines are investing in initiatives to create virtual neighborhoods where people can find detailed information on local businesses, including consumer reviews and such basics as the hours of operation.
Google Inc., for example, recently launched a pilot program to send contractors into local businesses to collect such information. ReachLocal is using some of the money it raised to take a similar approach, sending salespeople into small businesses across the country to offer to manage their search-engine advertising campaigns.
Those "feet on the street" efforts reflect how hard it is to reach the country's millions of small-business proprietors, who tend to rely on more traditional forms of advertising, and teach them about the benefits of online search, analysts say.
To wit: Businesses with fewer than 100 employees spent less than 5% of the nearly $72 billion spent on all forms of advertising in the U.S. in 2006, according to Borrell Associates Inc., a media research and consulting firm in Williamsburg, Va.
Companies such as ReachLocal, Irvine-based WebVisible Inc. and New York-based Yodle Inc. -- as well as the digital arms of huge directory publishers such as AT&T Inc. and R.H. Donnelley Corp. -- are preaching that the Internet can be the great equalizer for small merchants struggling to get noticed. They tout simple text ads alongside search results as one of the most effective strategies to land new customers.
Advertisers like search ads because they're highly targeted and shown to people who are actively looking to buy a particular product or service.
Major advertisers have seen the upside for some time and are increasing their spending on search ads. Revenue from search advertising in the first half of 2007 jumped nearly a third to $4.1 billion, representing 41% of all online ad spending, the Interactive Advertising Bureau said.
But because mounting an effective search marketing campaign is complicated, most small businesses have yet to experiment with it.
Some small businesses have mastered the science of rising to the top of search results without having to buy keywords by tweaking their websites and getting prominent ones to link to them. Others buy their own search-engine ads, but analysts say most either don't know how or can't spare the time.
That's where ReachLocal and its competitors come in. The services vary, but essentially small businesses hire these companies to buy keyword ads on major search engines such as those of Google, Yahoo and Microsoft Corp. Some companies track the results for their clients through e-mails or phone calls. Now many of these companies are developing video and mobile technologies. And they are finding success.
Take Eddie Ugalde, 33, who runs an eco-friendly carpet cleaning business in Altadena. He started spending $1,000 a month with ReachLocal in March and got such a dramatic response from the search campaign that he moved Right Away Carpet Drycleaning out of his home, grew from two employees to 10 and bought a distribution business. He recently increased his monthly ad purchase to $1,500.
"It would have taken a real long time for word of mouth to give us the opportunity to be in the place we are today," Ugalde said.
To reach this largely untapped online market, the old-fashioned yellow-pages publishers have an edge because they already have relationships with small businesses around the country, said Matt Booth, a Kelsey Group senior vice president.
After a few fits and starts, these publishers increasingly are marketing search advertising to mom-and-pop operations.
"As online takes off, small businesses know that they need and want to be there," said Matt Crowley, chief marketing officer for AT&T subsidiary Yellowpages.com.
$55 Million? To pay commissions to sales reps? They must be very confident in their "feet on the street" approach. 'Sounds like a lot of overhead to me.
What about the existing, powerful network that already exists in every city and town? Happy customers are already spreading the good word about their trusted local businesses in grocery stores aisles, at school concerts and on the sideline of football and soccer games every day.
Why not leverage these relationships? Why leave them out of the equation?
Tuesday October 9, 2007 - 04:50pm (EDT)
Saturday, October 6, 2007
“What the? Who threw a bag of trash onto the end of the driveway?,” I wondered. “The nerve!”
Upon closer inspection – it’s the new Yellow Pages. "Wonderful."
“Now what do I do with this klunky thing? Hmm, let’s see. Where did I put the old Yellow Pages? There they are! Right where I left them - the day of their unceremonious arrival.”
“‘Could it be I never even cracked the old volume? ‘Yep, sure enough. It’s never been opened.”
Guiltily I lug the 2006 tome to the garage and hoist it into the trash. Thud!
Replacing the lid, I think of the wasted advertising dollars spent by local small business owners. I picture the thousands of sales calls by smiling, suited Yellow Page sales reps and the reluctant checks handed over by struggling merchants.
Shouldn’t I have at least looked up a Chinese restaurant before discarding this? Would that have helped?
I console myself with the thought that I have patronized the trustworthy, local establishments. But now I use my cell phone speed dial to order pizza or call the dentist. Now I use Google to look up a number for placing my order of heating oil, doing product research or finding an infrequently used number. Usually I find new vendors through word-of-mouth referrals.
The Yellow Pages? They’re heading for the scrap heap of history – which is fitting since they have filled more than a few landfills themselves.
- Facebook | My take on web 3.0
A thought I'd shared on Facebook's "Web 3.0" Group:
I think of it similarly. 'My Take' on the evolution of the Web - Web 1.0 and 2.0 were a "place" I go to:
1. see something
2. learn something
3. buy something / sell something
1. connect with real world events or places
2. connect with someone or a group to forge a real relationship that can lead to or facilitate my real world relationships
I envision Web 3.0 to be where/when the Web comes to me and integrates with my real world and my real relationships and my real, local events to facilitate the things I normally do and the interactions that I normally have with the people in my real life.
Saturday October 6, 2007 - 06:07pm (EDT)
Friday, October 5, 2007
Excerpted from " Marketing Profs Daily Fix Blog": MarketingProfs Conference Coverage: Marketing Profs Daily Fix Blog
MarketingProfs Conference Coverage: Marketing Is Easy
Word-of-mouth guru Andy Sernovitz's presentation yesterday at the MarketingProfs B2B Forum was a double whammy: A high-energy, humorous speaker delivering insightful content.
Among the many ideas I took home with me is this simple framework. Andy explained there are three basic reasons why other people talk about your company:
- It's about YOU - they think your company is great (or not-so-great)
- It's about ME - it makes the talker feel good
- It's about US - it's about being part of a group
To maximize your advantage your company should simply be more remarkable. Employ tactics that make you more forward-able, more worth talking about.
To capitalize on ME, you should give folks whatever they need to make themselves feel smart or helpful when they offer advice to others.
And to leverage US, you could invite people to participate in group activities.
Word of Mouth Marketing Manifesto
- Happy customers are your best advertising. Make people happy.
- Marketing is easy: Earn the respect and recommendation of your customers. They will do your marketing for you, for free.
- Ethics and good service come first.
- UR the UE: You are the user experience (not what your ads say you are).
- Negative word of mouth is an opportunity. Listen and learn.
- People are already talking. Your only option is to join the conversation.
- Be interesting or be invisible.
- If it's not worth talking about, it's not worth doing.
- Make the story of your company a good one.
- It is more fun to work at a company that people want to talk about.
- Use the power of word of mouth to make business treat people better.
- Honest marketing makes more money.
If you are a local business that's been around a while, you are already doing at least some of these things - intentionally or unintentionally.
YouGottaCall.com will soon be able to power your company's word-of-mouth sales leads. Capture more of the leads that your customers WANT to give to you. Improve your customer relationships and benefit the community.
If you are interested in being a beta test site, let me know!
- - Tim
Friday October 5, 2007 - 11:51am (EDT)
Wednesday, October 3, 2007
- Nielsen Global Survey - Press Release: Word-of-Mouth the Most Powerful Selling Tool:
Traditional Media Advertising Still More Credible Worldwide Than Ads on Search Engines, Web Site Banners and Mobile Phones
New York, October 1, 2007 - Despite an ever-expanding array of advertising platforms and sources, consumers around the world still place their highest levels of trust in other consumers, according to a recent global Nielsen Internet survey.
Conducted twice-a-year among 26,486 internet users in 47 markets from Europe, Asia Pacific, the Americas and the Middle East, Nielsen most recently surveyed consumers on their attitudes toward thirteen types of advertising - from conventional newspaper and television ads to branded web sites and consumer-generated content.
"Advertisers around the world are able to reach consumers across an increasingly diverse range of media platforms," said David McCallum, the global managing director for Nielsen's Customized Research Services. "Even so, the recommendation of someone else remains the most trusted sources of information when consumers decide which products and services to buy. And even though new media technologies are playing a role in ‘globalizing' society, many purchasing decisions are still based on firmly held national and cultural attitudes. Furthermore, given that nothing travels faster than bad news - with estimates that reports of bad experiences outnumber good service reports by as many as 5:1 - the importance of responsive, high quality customer service is yet again highlighted."
Wednesday October 3, 2007 - 06:26am (EDT)
Monday, October 1, 2007
- Excerpted from The Frager Factor - Local Search Poised For Marketing Success"People in the US tend to spend 80 percent of their budgets within 50 miles of their homes, and the Kelsey Group thinks that bodes well for local advertising's $110 billion market to shift more into local search ads. Only about four percent of local ad dollars are currently being spent on local search advertising. The Kelsey Group expects that to grow, and fast. They forecast a 50 percent annual growth rate for local search spending.
"Enjoying that growth and more means facing down the yellow pages companies for the attention of local people seeking information. It's a challenge for Google, Yahoo, and Microsoft, all highly desirous of more of the local search market.
"The yellow pages publishers have an advantage today. The Kelsey Group refers to local ad service selling as a "high-touch" occupation, and salespeople can be expensive."
In other words, with their current advantage, and assuming that the nature of local advertising stays static, the Yellow Pages will do just fine. Kind of like the 2007 New York Mets in August.
Nothing personal, Mets fans. But your team is a timely example of how rapid change can occur. And isn't everyone in agreement on rapid change in local search?
Monday October 1, 2007 - 08:46pm (EDT)