Showing posts with label web analytics. Show all posts
Showing posts with label web analytics. Show all posts

Saturday, May 26, 2007

How to Improve Your Email Newsletter

Do you have an email newsletter? Many B2B and B2C companies produce a newsletter or newsletters that are geared to a specific audience or audiences. There is no question that newsletters are a great way of keeping your company top of mind to your customers and prospects and increasing brand awareness as well the perception that your organization is the industry expert. Here's the issue: How can you distinguish your newsletter from your competitors and take it to the next level? How can you improve your email opens and click-throughs?

Email Newsletter 2.0

Taking your newsletter to the next level really isn't that difficult. In the "new world" of web 2.0, your target audience no longer just wants to receive information from you but they want the ability to respond and have their say. How do you do this? You allow people to comment on your newsletter articles. A while back I wrote about the concept of a "blogletter" that combines a newsletter and a blog. We see this concept more and more. In fact, many newsletters will display the number of comments that an article has right in the email (you can see the example I provided from the Globe & Mail)!

Why Should I Allow Comments on my Email Newsletter

Here are the benefits:
  • New metrics to measure success: With many email software providers you can see who has opened and clicked through from your email newsletter. Allowing comments takes this further as you can better gauge the uptake of your newsletter. A new email newsletter metric could be number of comments per newsletter or average amount of comments per article

  • Receive valuable feedback: Email communication is typically one way. Your organization writes articles and you blast them to your list. Comments allow your readers to have their say. They can tell you what they like and what they don't like about your newsletter.

  • Lead qualification: There are two benefits here. In order to leave comments, you could add some additional lead qualification questions to the registration process. Typically you would probably only request the basic information for someone to receive your newsletter (name, email, company for B2B). When someone wants to leave a comment, it provides an opportunity to request additional information to help your marketing and sales team have a better understanding of the customer/prospect.

    In addition, if your organization gets its share of leads, you can use newsletter comments to help in the lead qualification process. For example, how about metrics such as the number of comments that contact has written and the recency of the last comment? These stats could be used as part of an automated lead qualification process and be displayed on the contact record of the CRM (Customer Relationship Management like Salesforce.com) that you use.

  • Better insight into your customers and prospects: Positive, negative or indifferent most comments are important. If you were able to include these comments in the contact record of your CRM, your sales and customer support team can get a better sense of the contact, their business and any issues/opportunities that exist. When you leave a comment on my blog, I get an email that tells me what you wrote about. What if you were able to have comments go right to the customer/lead owner as defined by your CRM (If you are doing this right now then I am thoroughly impressed - this can be done)? If the comment is negative, have that person contacted right away! If the person has a question about your industry, product or service have that person contacted right away!
  • Newsletter readers become newsletter contributors: Your email recipients are no longer just contacts that make up a list. They become real people who have opinions. Your newsletter may even create a community of loyal readers and contributors (like an online "Cheers" where everybody knows your name and they may or may not be glad you came). You'll get your regular "commenters" who will express their opinions. You may even want to let one of them write an article. The great part of this is that they will give you ideas about what you can write about in the future. When no comments are provided, this speaks volumes as well as your newsletter article may not appeal to your target audience or it may be over their heads.

  • Your newsletter gets better results: The more you allow people to participate in the conversation, the more you engage them and the better results you will get. If you don't believe me, I urge you to test out this concept for a month and see how it goes. If your results improve, I will expect a cheque.
Here are drawbacks:
  • You need to monitor the comments: Typically, you will want to approve comments before they are added. In addition, you will want to have someone that can quickly respond to negative comments. This can take time and cost money. There are systems that automate this process though.

  • The comments can be negative or just plain stupid: You may have some disgruntled people out there that don't like you or what you have to say. That's OK actually. Having some negative comments shows that you're company is human - hey everyone makes mistakes. The important point is how you respond to those mistakes and turn negatives into positives. As mentioned in my first point, you need to respond to these fairly quickly. You also get the idiots out there who have nothing to contribute except for wanting to advertise their product or service. These just waste your time and there are ways to automatically filter them out.

What do I do to get this moving?

This really isn't too difficult. Most email newsletter articles are posted on web pages. There are a number of software packages out there that will allow you to add comments to your newsletter web pages or to merge a blogging software (like Wordpress) into your website template. Your IT team can assist here or there many consultants out there. I know MarketingSherpa does this and I'm sure they would let you know how they did this. Some of the ideas around lead qualification and capturing metrics in your CRM still need to be flushed out. This was me thinking out loud. To add the number of comments to your email newsletter, why not either publish your newsletter to your site a day before you send out the email so you get some initial comments and then add in the code on your email newsletter. Some software packages out there may allow for this to be dynamically generated - I don't know enough about this (that's not the case for the Globe & Mail example above).

Good luck with this and I hope that it improves your results. If you have tried this already, please let me know.


Chad H.

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Saturday, May 12, 2007

How do I Generate More Leads from my Website?

Many B2B marketers ask these questions daily: We have this great website, we use email, we use search - what else can we do? How can we further optimize our practices to increase the amount of leads we generate?

A recent study by MarketingSherpa and KnowledgeStorm provides some additional insights that marketers should be aware of. They surveyed both vendors and users (people who actually fill out registration forms) to better understand what and why they fill out forms on websites. Here is a summary of the key points:

  • While both marketers and users agree that registering for white papers, analyst reports and demos is acceptable, 45% of users are OK with registering to download product information. This item didn't even crack the top 5 for vendors! What does this mean? It means that you should experiment with putting this information into a PDF and placing a form in front of it. Think about it, a prospective buyer is evaluating your product and wants to read more about you. Most likely, they'll fill out a form (if it's simple) to get a PDF on your product.

  • 72% of users said that a detailed summary of the white paper will encourage registration. What does this mean? Don't just put the title of the webinar on your landing page with a "Download now!" link beside it. Web visitors want a sneak peak at the white paper to ensure that it's worth their time to go through the registration process. You can read about best practices on this area from my post: Improve how you use White Papers for Lead Generation - Part II

  • While most people provide their real name and email address, most don't provide their real phone number or answer custom questions accurately. This means that many registrants really don't want to be called and don't really care to answer such questions as "When do you plan to buy a product like ours?". Besides name and email, choose your registrations carefully! In addition, don't discount leads based on the lead qualification questions you've asked on a web form. Many just choose the default answers so they can get through the process and download the webinar or webcast that they want.

  • 56% of users use business email addresses but 46% use non-business email
    addresses. Just because someone has signed up using a hotmail or yahoo address doesn't mean they should be treated any differently then someone from IBM or Goldman Sachs.

What does this mean for marketers and online lead generation?

  • Try creating product summaries that require registration
  • Ask for basic information only - the more you ask, the less accurate it will most likely be
  • If you want people to register for something, ensure that you provide a good amount of detail on the landing page that will encourage registrations
  • Since the lead qualification data that is provided may not be accurate, build processes that measure activity (email opens, form submissions, web activity) to gauge the interest of a particular prospect and assist in lead qualification. In addition, you may need to use data from third party sources (such as D&B) to verify how qualified a company is rather then relying on what the web visitor provided.
I hope these tips serve you well and good luck in your lead generation campaigns!

Chad H.

PS - please let me know if you have any examples that you would like to share.

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Sunday, February 25, 2007

A/B Testing E-Marketing Tips

Does the word "test" still make you tense up and think of your high school math teacher with the bad comb over? When it comes to e-marketing, testing takes on a whole new meaning. If you read Anne Holland's weekly email newsletter, you will typically hear her preaching to e-marketers to TEST, TEST, TEST... at least a few hundred times. OK, that's a bit of an exaggeration but if you read her stuff, you know what I mean. Just for fun I went to the home page and saw the article: How to Test Email Landing Pages (More Easily). :)

Testing in e-marketing is definitely important in terms of getting the most bang for your buck. You want to make sure that your message will resonate with those that see it and that it has been fully optimized. This can mean testing a new landing page to see what the overall conversion rate is or testing a webinar invite email to determine the open rate. There are some mistakes in A/B testing though that you need to look out for. Matt Beslkin over at the Ominiture blog points out a few of these in his recent post: The Dark Side of A/B Testing: Don't Make These Two Mistakes!.

A/B Testing Mistake #1: Only Test One Element at a Time

If you're sending out an email it's easy to say: "Let's test a different subject line and a different opening paragraph" as compared to the original email. This is a no-no. In A/B testing you can only provide accurate results if you test one element at a time. As Mark explains it "Changing more than one element in an A/B test makes it impossible to determine which change drove better performance and which did not." If you want to test multiple elements at the same time, you need to conduct multivariate (multivariable) testing. While this can be more difficult, it can save you time in trying to determine what is the key element that will help you reach your e-marketing goals.

A/B Testing Mistake #2: Not Going Deep Enough

Matt then goes on to explain that you may not be delving deep enough into your web stats to determine how well your tests are doing (this is completely understandable coming from an Omniture blog). He is correct that you really need to dive deeper into who is responding to your email newsletter or whitepaper download. Ask yourself the following question when determining the success and failure an A/B test: Who is actually responding to the test email or landing page? Once you ask the question, ask some more questions like the following (geared to B2B):
  • Is it someone in your marketing database that you already know?
  • What type of industry are they in?
  • Which business groups are they? - in B2B it could be engineering, accounting etc..
  • What business titles are responding? C-level executives, managers, Joe Schmo with a hotmail account looking for a free ipod.
  • Are the people who are responding more qualified?
In some cases, the response rate may be better with one test group but the quality of responses may be better in another test group in terms of bringing in more qualified leads that are in your sweet spot. In order to determine the true success of an A/B test, it's best to look beyond your open rates and pageviews. However, if you're just getting started in A/B testing, slow down a bit and read the following.

A/B Testing: Getting Started

If your just getting your feet wet, what I recommend for testing emails is to first test the subject line. It's the subject line that will along with the "from address" that will determine if your email get opened. You can test a longer vs. shorter subject line, test using your company name, add personalization, etc... Typically testing consists of a smaller number of your email list (say 10%) so you can first test these results and send the most successful email out to the majority of the group.

For landing pages, typically the offer and number of fields are the elements that I would test. For example, if you're running a PPC campaign, find out which whitepapers or case studies are getting the higher conversion rates.

While Anne Holland, is all over the need for testing, we all know that this can be time-consuming. It's best to start slowly and look for small wins and then convince others that testing really does improve performance and is worth the resources.

Chad

PS - Do you have any testing stories? nightmares? successes?

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Tuesday, December 12, 2006

Learning About Web Analytics: Part I

If you're a true marketer or a hard-core blogger (or both) you have to be into web analytics. Ok, you don't but you should and I have found some good resources.

Bloggers for the most part write because they want to be heard and your analytics justify the time that you sit at your keyboard (for the most part although my wife still needs convincing and web stats, well they just don't do it).

You may like to monitor your site traffic to see which keywords and referrers are bringing traffic to your blog or who is on your blog right now (hey - I see that you're reading this and I thank you from the bottom of my keyboard). It's also cool to see which countries are reading your blog. I wrote a post about free feed icons and I was receiving traffic from all over the world and was featured on many Asian sites - it was quite interesting but I couldn't understand the comments on those blogs. I also had a pleasant surprise last week when I found out that Brian Carrol over at Start With a Lead was linking to my blog. This caused a bit of a traffic spike and I thought my blog was broken. In this way, my blog is similar to the thinking process that an e-marketer goes through on a daily basis (or should be going through!!) : "What actions that I take will drive traffic to my site and increase conversions." Examining and understanding web analytics is key to this.

As a blogger, one of my goals is help others in marketing (specifically B2B marketing) better understand the e-marketing landscape. A very good newsletter that I subscribe to is the ROI Revolution News that is created by Google to promote its services - specifically Google Analytics. The format of this e-newsletter is interesting as instead of pushing people from an email to a regular web page, it takes people to the ROI Revolution blog. I think you will be seeing more and more of this type of format as blogs maximize the SEO effectiveness of your content (I wrote about this previously). And here's a saying that you should adhere to: If Google is doing it, it's worth trying.

I'm new to Web Analytics, Where do I start?

There are many different places to begin. With web analytics (just like SEO), it's not enough to understand the terminology. You need to jump in with two feet. If you just want to get your feet wet though , you may want to start by subscribing to ROI Revolution News. What I like are some of "Analytics Basics" articles that provide overviews to some of the key areas of web analytics that you need to understand.

For example, some marketers may be worried that their web stats are skewed because of a recent Jupiter report article that says that 58% of their users delete their cookies. This can affect historical data that you may be tracking on a certain person. The article explains the difference between first party and third party cookies as it's mostly third party and not first party cookies that users are deleting. The article of course plugs Google Analytics as it uses only first party cookies.

Google also offers free tutorials on how to use Google Analytics. What I recommend you do is to start up a blog perhaps through blogger and sign up for the tutorial. In this way, you can test out what you learn from the tutorial. One of the keys that you will learn as you get into web analytics is testing is crucial. What offers, content and/or keywords are driving content to your site? Google Analytics is also free so it's definitely worth having a look at. In the real world analytics testing is like testing out different methods to prevent your new puppy from messing up your new carpet. Eventually you will hit pay dirt but things may get a bit messy on the way there.

At the moment, I'm in the process of moving so you may not hear from me for a little while but I plan to write "Learning About Web Analytics: Part II" in which I want to focus on some key metrics that you should be keeping track of on your site. I've just finished reading a book called "3G Marketing" and found some interesting information that I'll share.

In the meantime, please let me know other resources on web analytics that you have found helpful. I've heard that
Web Analytics Demystified: A Marketer's Guide to Understanding How Your Web Site Affects Your Business is also a good start.

Until next time,

Chad H.

PS - For web analytics, one of the most important concepts is to understand that a point in time is irrelevant (i.e. number of pages on a particular day). What is crucial are the trends. Are your site visitors going up over time or going down? Why is that? Is it becuase your packing up all of your stuff and moving and don't have time to write? :)

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