Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and Bernstein

2919598610 464aea59a1 Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and BernsteinFrom time to time here on the blog I like to revisit Transparent Marketing: How to earn the trust of a skeptical consumer, which I believe to be an excellent blueprint for the modern marketer. Of course, I may be biased because it was written by my boss, the Director of MECLABS Group, Flint McGlaughlin.

But I consider it to be one of the best things Flint has ever written (second only to his name in the lower-right-hand corner of my paycheck), because it was so incredibly prescient. It was written in 2003. And while it was certainly relevant at the time, it has become an even better guide to modern marketing thanks to the rise of social media.

Rage against the machine meets unbridled access to information plus megaphone

The recent meteoric rise of social media, coupled with Google’s impressively fast and accurate algorithim, means that now every 13-year-old with an iPhone is an instant fact-checker. Teen angst can be channeled at “the man” (sorry, that’s now you) with the tweet of a button. Or even worse…mom angst.

Bill Maher sums it up best, “…we just had the fifth anniversary of YouTube and the twelfth of Google, and between them, they’re killing off a great institution: lying. You just can’t lie anymore – facts are too easy to check, everything is on video…our Internet conversations are forever.”

Of course, where’s the line, right? Unless your email marketing is trying to help a Nigerian prince get his oil wealth safely to the shores of America, you’re probably not outright lying in any of your marketing. So I’m going to present a few examples and we’ll play “You Make the Call.” Share your opinions via the comments section, Twitter, however you want.

And when you read the below examples, you might be thinking, “Wait a minute Dan. You are a supersleuth private eye type who has an uncanny knack for getting to the bottom of things.” Really, I only have two assets. A free, unlimited, lifetime plan for Google searches. And the ability to read. Yes, it’s that easy for your customers to dig stuff up.

Like a rock? Or like a brick?

If you’ve taken any MarketingExperiments training, you know that we often recommend using third-party credibility indicators to reduce anxiety. And a central tenet of Transparent Marketing is “Let someone else do your bragging.”

However, it doesn’t say “Let anyone else do your bragging.” You can’t pick just anyone. You must choose wisely. Chevy’s homepage proudly boasts, “No one has more Consumers Digest ‘Best Buys’ for the 2010 model year than Chevrolet.” And it’s not just the homepage. TV ads, magazines ads, banners ads…the entire campaign is built around Consumers Digest.

The first thing that comes to my mind is, “What the heck is Consumers Digest?” To the Google…

Let’s first talk about what Consumers Digest isn’t – Consumer Reports. (bait and switch?) According to Wikipedia, “The publication has no connection to the Consumer Reports magazine published by Consumers Union (which, unlike Consumers Digest, is an independent non-profit organization).

Consumers Digest is a for-profit magazine. And how does it make a profit? Not through subscriptions, it has zero subscribers. “Many car makers have financial ties to the publication,” according to The Wall Street Journal (although, in fairness, it does sell some issues on the newsstand. How many? Nobody seems to know).

Consumers Digest website (I’m not giving them the link juice, use Google or common sense to find it) is poorly designed, to put it kindly. After a thorough (five-second) analysis, Senior Manager of Research Partnerships Andy Mott remarked, “It looks like it was built by a third-grader.” And I’m not trying to be harsh, no website is perfect, but they don’t even look like they’re trying. The site is essentially PotemkinVillage.com:

  • There are several bullet points in both columns purportedly stating what they review (baby gear, cameras, etc) that are not links, you can’t click on them and find out more
  • In fact, there are essentially only three pages to the whole site – homepage, latest issue (table of contents has no links to content), and automotive best buys (in fairness, you can click-through for a paragraph-long “review” of each car)
  • Best line on the site… “If you are interested in receiving information on how you can subscribe to our Web site, please write to: Postmaster, Consumers Digest Communications, 520 Lake Cook Road, Suite 500, Deerfield, IL 60015 or send an e-mail to: postmaster@consumersdigest.com”

And then there are the Automotive “Best Buys” themselves. While different independent ratings organizations may disagree, you would think that there would be some overlap. Consumer Reports’ Best Car Overall for 2010 is the Lexus LS 460L, which “scored an outstanding 99 out of 100 in our road test, making it our highest-rated vehicle.” While Consumers Digest has 44 “Best Buys” for 2010, the LS 460L is not one of them.

In fact, of Consumer Reports’ top cars in ten categories, only two made it onto the Consumers Digest list. You guessed it, both were Chevrolets.

Before I ask you to make the call for this campaign, let me set the tone. First of all, Chevy is in a segment – automobiles – that is usually heavily researched by customers. Cars tend not to be a point-of-purchase decision, like cereal or gum. So if a customer was interested in a Chevy, how hard would it to be to Google “Consumers Digest” to learn more about these awards the carmaker has been boasting about?

Secondly, Chevy isn’t just any car company. In fact, the only reason it is in business is because just last year taxpayers bailed the company out, at which time then General Motors President and CEO Fritz Henderson said, “We are deeply appreciative for the support we have received during this historic transformation, and we will work hard to repay this trust by building a successful new General Motors.”So while third-party awards could certainly help Chevy regain that trust, does Consumers Digest fit that bill? In other words, I won Who’s Who Among American High School Students but I didn’t brag about it and put in on my resume.

Social media factor: So far, with the notable exception of The Wall Street Journal, the mainstream press hasn’t reported on this campaign as far as I can tell. But the first hit in Google for “Consumers Digest fake” is a blog. And I found tons of blog posts claiming that Consumers Digest is fake, from the well-known (Clark Howard) and the unknown. So, for even the mildly curious, it is quite easy to learn more.

Now marketer, I turn it over to you, if you worked in the Chevy marketing department, would you have green-lighted this campaign?

You Make the Call

So real, it’s fake

OK, not to bias you, but that first one it a bit of a gimme. So let’s ratchet it up a notch. This next call comes courtesy of my wife.

For my last transparent marketing blog post, I told you how impressed I was with Domino’s “The Pizza Turnaround” campaign by Crispin, Porter & Bogusky.

As a follow up, they came up with their new “Pizza Holdouts” campaign. If you’re not familiar with it, they basically stalk people who haven’t tried the pizza yet with a personal ad campaign. Billboards that say, “Bill Johnson, our sauce is now herbier” along with signs, trucks, planes, radio announcements, etc.

Eventually the person takes the hint and, surprise, loves it! My wife is convinced that these are fake. And ever since I wrote about Domino’s Pizza the first time, she’s wanted me to do a follow up to expose how they turned their backs on transparent marketing this time. To the Google!

Well, it turns out, as best as I can figure, this is for real. Again, my research is not extensive. For the Chevy info above, I simply typed “Consumers Digest” into Google, found an interesting Wikipedia entry, and then tried “Consumers Digest fake.” “Pizza Holdout fake” didn’t provide me with the same flood of bad publicity, but it did show a very wise use of social media by Domino’s – they listened. And responded.

The first search result was a YouTube video of the campaign. Right below the video are negative comments, most notably skepticism over the reality of the video. Domino’s responded to those negative comments with more info about the campaign. And since “Uploader Comments” show first in YouTube, you quickly see these replies. While they didn’t address every negative comment on the page (there will always be naysayers), they did prominently speak to a few key issues.

TransparentMarketingblogpost Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and Bernstein

And that was about the extent of my research. After all, who researches the purchase of a pizza that much?

Of course, just using common sense, there are a few obvious things to be skeptical of. After Domino’s made a personal ad campaign for you in your town that your friends and family were in on, and then shoved a camera in your face when you tried the pizza, could you really bring yourself to say, “Tastes like cardboard warmed over. Honey, call the local pizza joint.”? (And what town has only one Bill Johnson?)

Social media factor: Social media played a positive role in this case, thanks to Domino’s proactively responding to skeptical customers. Also as part of my lazy research, I went to Domino’s microsites where they promote use of Facebook and Twitter. Since they’re encouraging social media and giving people positive things to tweet about (such as a contest to capture so-called pizza holdouts), not surprisingly, there seems to be mostly positive stuff out there.

So the campaign is real yet it looks so real some people think it’s fake. If you were asked to green-light this campaign, what would you do?

You Make the Call

Trust but verify

You didn’t think I could write a post about transparent marketing without shining that harsh light of analysis in the mirror, did you? You did? Really? Then just skip the next part and move right along.

Here at MarketingExperiments, our job is to serve you, our audience, and help you do your job better. To that end, we freely publish our experiments.

However, in publishing those experiments we have a debate raging internally, because we anonymize our experiments. We don’t share the name or our Research Partners and we obscure identifying information as well. And just in case a competitor could figure out which company we’re talking about, we also don’t share data like “number of conversions.”

On the one hand, we feel that this does a disservice to you, our audience. We want to be transparent and share as many juicy details as possible.

However, we do work with real-world Research Partners on their actual marketing campaigns. We believe this provides far greater value than running hypothetical experiments with brands that don’t exist. But because our Research Partners are actual companies competing every day for business, they view the experimentation we do as sensitive information. They consider “number of conversions” and other data we use in experimentation to be sensitive business intelligence that could give competitors a leg up.

Social media factor: Zero. I’ve never seen anyone tweet, blog, or even Foursquare about this, and I listen to the conversation every day. In fact, other than this blog post, no one probably even noticed.

So what would you do if you were in our shoes (well, mostly sandals, our office is by the beach)?

You Make the Call

True perfection

If you follow the news at all, you probably know where I’m headed with this “You Make the Call” theme – the imperfect game. Long story short, Armando Galarraga was one out away from a perfect game when umpire Jim Joyce blew the call. Galarraga didn’t throw a temper tantrum. And after the game, once Joyce saw the replay on TV, he apologized for getting it wrong.

That’s transparency. No one is right all the time. And your produce isn’t right for everyone.

So how can you apply these lessons to your own transparent marketing?

  • Don’t be everything to everyone – Focus on what you do best and hammer it home.
  • C’mon, keep it clean – That line isn’t always totally clear, as I’ve referenced above, but some practices are egregious. Quick hint: If you’ve hired a consultant or agency with the words “Black Hat” in its name, you’ve crossed the line. Stay on the sunny side of marketing.
  • Listen – Social media makes it very easy to listen to your customers. Don’t just use “powerful auto-tweet technology” to build followers and blast promotions. Hear what they have to say. Then go the extra mile. Ditch the auto-tweet technology and actually have a conversation. You may be tipped off to (and mitigate) a mistake before it becomes a full-blown crisis.
  • Test – Good marketers with good intentions can disagree on how transparent your brand should be and what will work best. While one of you might be wrong, the customer never is. So test. See what works.
  • Hear it straight from the source – Heck, just read Transparent Marketing: How to earn the trust of a skeptical consumer. It’s all in there. And it’s a free download.
  • Of mice, men, and marketers – In the end, even with the best intention of transparent marketing, you will go awry. While writing this very blog post I got a note calling a promotional email I wrote a scam. Ouch! But, as with anything, if your aim is true, you’re more likely to hit the target.

Related Resources

Transparent Marketing: A slice of honesty from Domino’s Pizza

Holistic Marketing Optimization: What’s more likely to show up on Twitter?

Resources on Transparent Marketing

Photo Attribution: Ruovesi

 Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and Bernstein

Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and Bernstein

2919598610 464aea59a1 Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and Bernstein

From time to time here on the blog I like to revisit Transparent Marketing: How to earn the trust of a skeptical consumer, which I believe to be an excellent blueprint for the modern marketer. Of course, I may be biased because it was written by my boss, the Director of MECLABS Group, Flint McGlaughlin.

But I consider it to be one of the best things Flint has ever written (second only to his name in the lower-right-hand corner of my paycheck), because it was so incredibly prescient. It was written in 2003. And while it was certainly relevant at the time, it has become an even better guide to modern marketing thanks to the rise of social media.

Rage against the machine meets unbridled access to information plus megaphone

The recent meteoric rise of social media, coupled with Google’s impressively fast and accurate algorithim, means that now every 13-year-old with an iPhone is an instant fact-checker. Teen angst can be channeled at “the man” (sorry, that’s now you) with the tweet of a button. Or even worse…mom angst.

Bill Maher sums it up best, “…we just had the fifth anniversary of YouTube and the twelfth of Google, and between them, they’re killing off a great institution: lying. You just can’t lie anymore – facts are too easy to check, everything is on video…our Internet conversations are forever.”

Of course, where’s the line, right? Unless your email marketing is trying to help a Nigerian prince get his oil wealth safely to the shores of America, you’re probably not outright lying in any of your marketing. So I’m going to present a few examples and we’ll play “You Make the Call.” Share your opinions via the comments section, Twitter, however you want.

And when you read the below examples, you might be thinking, “Wait a minute Dan. You are a supersleuth private eye type who has an uncanny knack for getting to the bottom of things.” Really, I only have two assets. A free, unlimited, lifetime plan for Google searches. And the ability to read. Yes, it’s that easy for your customers to dig stuff up.

Like a rock? Or like a brick?

If you’ve taken any MarketingExperiments training, you know that we often recommend using third-party credibility indicators to reduce anxiety. And a central tenet of Transparent Marketing is “Let someone else do your bragging.”

However, it doesn’t say “Let anyone else do your bragging.” You can’t pick just anyone. You must choose wisely. Chevy’s homepage proudly boasts, “No one has more Consumers Digest ‘Best Buys’ for the 2010 model year than Chevrolet.” And it’s not just the homepage. TV ads, magazines ads, banners ads…the entire campaign is built around Consumers Digest.

The first thing that comes to my mind is, “What the heck is Consumers Digest?” To the Google…

Let’s first talk about what Consumers Digest isn’t – Consumer Reports. (bait and switch?) According to Wikipedia, “The publication has no connection to the Consumer Reports magazine published by Consumers Union (which, unlike Consumers Digest, is an independent non-profit organization).

Consumers Digest is a for-profit magazine. And how does it make a profit? Not through subscriptions, it has zero subscribers. “Many car makers have financial ties to the publication,” according to The Wall Street Journal (although, in fairness, it does sell some issues on the newsstand. How many? Nobody seems to know).

Consumers Digest website (I’m not giving them the link juice, use Google or common sense to find it) is poorly designed, to put it kindly. After a thorough (five-second) analysis, Senior Manager of Research Partnerships Andy Mott remarked, “It looks like it was built by a third-grader.” And I’m not trying to be harsh, no website is perfect, but they don’t even look like they’re trying. The site is essentially PotemkinVillage.com:

  • There are several bullet points in both columns purportedly stating what they review (baby gear, cameras, etc) that are not links, you can’t click on them and find out more
  • In fact, there are essentially only three pages to the whole site – homepage, latest issue (table of contents has no links to content), and automotive best buys (in fairness, you can click-through for a paragraph-long “review” of each car)
  • Best line on the site… “If you are interested in receiving information on how you can subscribe to our Web site, please write to: Postmaster, Consumers Digest Communications, 520 Lake Cook Road, Suite 500, Deerfield, IL 60015 or send an e-mail to: postmaster@consumersdigest.com”

And then there are the Automotive “Best Buys” themselves. While different independent ratings organizations may disagree, you would think that there would be some overlap. Consumer Reports’ Best Car Overall for 2010 is the Lexus LS 460L, which “scored an outstanding 99 out of 100 in our road test, making it our highest-rated vehicle.” While Consumers Digest has 44 “Best Buys” for 2010, the LS 460L is not one of them.

In fact, of Consumer Reports’ top cars in ten categories, only two made it onto the Consumers Digest list. You guessed it, both were Chevrolets.

Before I ask you to make the call for this campaign, let me set the tone. First of all, Chevy is in a segment – automobiles – that is usually heavily researched by customers. Cars tend not to be a point-of-purchase decision, like cereal or gum. So if a customer was interested in a Chevy, how hard would it to be to Google “Consumers Digest” to learn more about these awards the carmaker has been boasting about?

Secondly, Chevy isn’t just any car company. In fact, the only reason it is in business is because just last year taxpayers bailed the company out, at which time then General Motors President and CEO Fritz Henderson said, “We are deeply appreciative for the support we have received during this historic transformation, and we will work hard to repay this trust by building a successful new General Motors.”So while third-party awards could certainly help Chevy regain that trust, does Consumers Digest fit that bill? In other words, I won Who’s Who Among American High School Students but I didn’t brag about it and put in on my resume.

Social media factor: So far, with the notable exception of The Wall Street Journal, the mainstream press hasn’t reported on this campaign as far as I can tell. But the first hit in Google for “Consumers Digest fake” is a blog. And I found tons of blog posts claiming that Consumers Digest is fake, from the well-known (Clark Howard) and the unknown. So, for even the mildly curious, it is quite easy to learn more.

Now marketer, I turn it over to you, if you worked in the Chevy marketing department, would you have green-lighted this campaign?

You Make the Call


So real, it’s fake

OK, not to bias you, but that first one it a bit of a gimme. So let’s ratchet it up a notch. This next call comes courtesy of my wife.

For my last transparent marketing blog post, I told you how impressed I was with Domino’s “The Pizza Turnaround” campaign by Crispin, Porter & Bogusky.

As a follow up, they came up with their new “Pizza Holdouts” campaign. If you’re not familiar with it, they basically stalk people who haven’t tried the pizza yet with a personal ad campaign. Billboards that say, “Bill Johnson, our sauce is now herbier” along with signs, trucks, planes, radio announcements, etc.

Eventually the person takes the hint and, surprise, loves it! My wife is convinced that these are fake. And ever since I wrote about Domino’s Pizza the first time, she’s wanted me to do a follow up to expose how they turned their backs on transparent marketing this time. To the Google!

Well, it turns out, as best as I can figure, this is for real. Again, my research is not extensive. For the Chevy info above, I simply typed “Consumers Digest” into Google, found an interesting Wikipedia entry, and then tried “Consumers Digest fake.” “Pizza Holdout fake” didn’t provide me with the same flood of bad publicity, but it did show a very wise use of social media by Domino’s – they listened. And responded.

The first search result was a YouTube video of the campaign. Right below the video are negative comments, most notably skepticism over the reality of the video. Domino’s responded to those negative comments with more info about the campaign. And since “Uploader Comments” show first in YouTube, you quickly see these replies. While they didn’t address every negative comment on the page (there will always be naysayers), they did prominently speak to a few key issues.

TransparentMarketingblogpost Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and Bernstein

And that was about the extent of my research. After all, who researches the purchase of a pizza that much?

Of course, just using common sense, there are a few obvious things to be skeptical of. After Domino’s made a personal ad campaign for you in your town that your friends and family were in on, and then shoved a camera in your face when you tried the pizza, could you really bring yourself to say, “Tastes like cardboard warmed over. Honey, call the local pizza joint.”? (And what town has only one Bill Johnson?)

Social media factor: Social media played a positive role in this case, thanks to Domino’s proactively responding to skeptical customers. Also as part of my lazy research, I went to Domino’s microsites where they promote use of Facebook and Twitter. Since they’re encouraging social media and giving people positive things to tweet about (such as a contest to capture so-called pizza holdouts), not surprisingly, there seems to be mostly positive stuff out there.

So the campaign is real yet it looks so real some people think it’s fake. If you were asked to green-light this campaign, what would you do?

You Make the Call


Trust but verify

You didn’t think I could write a post about transparent marketing without shining that harsh light of analysis in the mirror, did you? You did? Really? Then just skip the next part and move right along.

Here at MarketingExperiments, our job is to serve you, our audience, and help you do your job better. To that end, we freely publish our experiments.

However, in publishing those experiments we have a debate raging internally, because we anonymize our experiments. We don’t share the name or our Research Partners and we obscure identifying information as well. And just in case a competitor could figure out which company we’re talking about, we also don’t share data like “number of conversions.”

On the one hand, we feel that this does a disservice to you, our audience. We want to be transparent and share as many juicy details as possible.

However, we do work with real-world Research Partners on their actual marketing campaigns. We believe this provides far greater value than running hypothetical experiments with brands that don’t exist. But because our Research Partners are actual companies competing every day for business, they view the experimentation we do as sensitive information. They consider “number of conversions” and other data we use in experimentation to be sensitive business intelligence that could give competitors a leg up.

Social media factor: Zero. I’ve never seen anyone tweet, blog, or even Foursquare about this, and I listen to the conversation every day. In fact, other than this blog post, no one probably even noticed.

So what would you do if you were in our shoes (well, mostly sandals, our office is by the beach)?

You Make the Call


True perfection

If you follow the news at all, you probably know where I’m headed with this “You Make the Call” theme – the imperfect game. Long story short, Armando Galarraga was one out away from a perfect game when umpire Jim Joyce blew the call. Galarraga didn’t throw a temper tantrum. And after the game, once Joyce saw the replay on TV, he apologized for getting it wrong.

That’s transparency. No one is right all the time. And your produce isn’t right for everyone.

So how can you apply these lessons to your own transparent marketing?

  • Don’t be everything to everyone – Focus on what you do best and hammer it home.
  • C’mon, keep it clean – That line isn’t always totally clear, as I’ve referenced above, but some practices are egregious. Quick hint: If you’ve hired a consultant or agency with the words “Black Hat” in its name, you’ve crossed the line. Stay on the sunny side of marketing.
  • Listen – Social media makes it very easy to listen to your customers. Don’t just use “powerful auto-tweet technology” to build followers and blast promotions. Hear what they have to say. Then go the extra mile. Ditch the auto-tweet technology and actually have a conversation. You may be tipped off to (and mitigate) a mistake before it becomes a full-blown crisis.
  • Test – Good marketers with good intentions can disagree on how transparent your brand should be and what will work best. While one of you might be wrong, the customer never is. So test. See what works.
  • Hear it straight from the source – Heck, just read Transparent Marketing: How to earn the trust of a skeptical consumer. It’s all in there. And it’s a free download.
  • Of mice, men, and marketers – In the end, even with the best intention of transparent marketing, you will go awry. While writing this very blog post I got a note calling a promotional email I wrote a scam. Ouch! But, as with anything, if your aim is true, you’re more likely to hit the target.

Related Resources

Transparent Marketing: A slice of honesty from Domino’s Pizza

Holistic Marketing Optimization: What’s more likely to show up on Twitter?

Resources on Transparent Marketing

Photo Attribution: Ruovesi

 Transparent Marketing and Social Media: Twitter and Facebook are the new Woodward and Bernstein

This Just Tested: How PPC specificity drove 21% more clicks and cut costs 66%

It has been a while since we have published Pay Per Click (PPC) ad testing. Lately, it can seem like PPC has taken the back seat to topics like social media and mobile. However, PPC remains an integral part of the online marketing campaigns for many of our own Research Partners, so we are still testing to discover the most effective ways to craft PPC ads.

So enough introductions and segues, let’s get down to the test.

Background

This experiment involves a business-to-business (B2B) software provider. They were trying to optimize one of their best lead generation conversion paths. They started by focusing their test efforts on the channel driving traffic through this process, the PPC ad.

At the end of the day, they would end up testing and optimizing the complete conversion path (from PPC ad to form page). And the overall gains this company achieved are going to turn some heads on today’s web clinic, but for the sake of this blog post, let’s just look at how they optimized their paid search marketing campaign.

The original PPC ad

ppc 1 This Just Tested: How PPC specificity drove 21% more clicks and cut costs 66%The original ad used mainly vague qualitative statements (e.g., “award-winning,” “business software,” “fully integrated”) throughout, giving the ad little distinction from others.

Of course, there are limited characters within a PPC ad and it can be difficult to include deep specifics for certain claims and offers. But, as we will see from this test, sometimes it pays to get creative with our ad copy.

The new PPC ad

ppc 2 This Just Tested: How PPC specificity drove 21% more clicks and cut costs 66%For the test, we were able to fit a bit more specific language on the second line of this ad. We included exact figures that underscored the popularity of this software. They have more than 6,459 current customers and their software is the top used by businesses.

It is important to note that, though “award-winning” could be expounded and specified, we had to balance the information we wanted to include in the ad with the amount of characters available. So we made sure that “award-winning” was explained immediately on the landing page customers reach by clicking on this ad.

The results

Overall we saw the click-through for the new ad increase 20.9% with no significant increase to the cost-per-click. For such a crowded market, an increase like this is nothing to turn your nose up at. This PPC was just one part of a holistic optimization strategy that, in the end, decreased the cost-per-acquisition by 66.4% and increased revenue by 267.9%.

So what’s does this mean for you?

This test underscores two key principles that we should all walk away with:

  • First is the value of SPECIFICITY. Using clear statements provides a greater value perception in the mind of the user. If we want our PPC ads to stand out, we ought to use quantitative statements instead of (the much more common) qualitative claims. It’s a simple strategy, but it can have a significant impact on our efforts.
  • Second is the importance of STRATEGY. This takes the complete picture to see clearly, but small gains are more powerful as part of a holistic optimization strategy. This 21% increase would be multiplied tenfold at the end of the day after we had optimized each step in the conversion funnel of this offer. So, when possible, test holistically.

Dr Flint McGlaughlin will be talking more about this second principle on today’s web clinic, as he walks through the entirety of this case study from PPC ad to the form submission page. He will explain in more detail how this company’s testing strategy took a 21% gain and multiplied it tenfold.

Related Resources

Compounding ROI of Sequential Conversion Rate Increases: How one company took a small gain and multiplied it tenfold

PPC Innovation: How will Google’s new lead capture extension affect your pay-per-click campaigns?

Face Your Fears: Why visitors really bounce from your site, part 2

 This Just Tested: How PPC specificity drove 21% more clicks and cut costs 66%

Headless Body In Topless Bar

bar Headless Body In Topless Bar

That was a New York Post headline.

It was a great headline for the New York Post. I think it’s fair to say they understand their readers.

Is it a good headline for a post on PPC Blog?

Maybe icon smile Headless Body In Topless Bar

You tell me.

In a minute.

But first….

A Post About Headlines

Today we’ll look at the headline in the context of PPC. This topic is probably nothing new to PPC veterans, but if you have a background in traditional media and copy writing, hopefully it will give you a way to approach PPC, and search marketing in general.

We can think of text ads as being headlines. They serve a similar purpose to headlines in traditional media. Their purpose is to grab attention. Unlike traditional media, text ads lead to a second headline, and copy, on a separate landing page. So the two need to work in tandem in order to be most effective.

In traditional media, the headline writer simply wants to grab attention from a reader who may not have been interested in the topic a second ago. They want you to read and, at best, recall a message, but there’s not a great deal of jeopardy involved if you don’t. The PPC headline leads the reader to take a specific action, and that action typically involves handing over cash.

In this respect, the stakes are higher for the PPC copywriter.

The Role Of Headlines In Our Culture

All our media has been reduced to the headline.

The sound bite. The lead story. Digg. Reddit. Social media. Our inbox. Our feed readers. Everything is being aggregated and reduced to headlines. Our culture has infinite messages, yet there are still only 24 hours in the day. What media you consume, and what you buy, is typically “directed” by the few words that make up a headline.

No wonder marketers place such importance on headlines. Those few words lead to everything else.

Brevity

Our media has been reduced to headlines because time is short. Headlines summarize. Headlines must be both brief, and loaded with meaning. They must hint at something deeper.

Relevant

Ad text and the landing page headline must resonate with your audience. The key to writing a good headline is to first know your audience.

PPC is a great test bed for getting to know your audience. Tim Ferris, the author of the book “The Four Day Workweek” used PPC to test a range of title ideas for his as-yet unnamed book. The ad text that generated the most clicks became the title of his book. The audience “told” him the name they deemed most interesting by clicking.

Confirmation Bias

Confirmation bias is a tendency for people to favor information that confirms their preconceptions.

Search is a hunt and find medium. Unlike the newspaper or magazine, PPC is not about grabbing disinterested, passing attention. It is about being directly relevant to the searcher who knows, of thinks she knows, what she wants. It’s about reflecting the searchers own perception of what is good and relevant.

Any headline (link) not directly relevant to the search phrase will likely be ignored. This is why repeating the keyword term in a PPC advertisement is important. It’s a confirmation that the searcher is in the right place. This is why traditional attention grabbing headlines, like “Headless Body In Topless Bar” don’t work so well in search.

They aren’t specific enough.

Be Specific

Google sees PPC links as being information. Google reasons that advertisements are information in the same way an organic search results are information in that their function is to answer queries. This is especially true when searches have a commercial imperative.

Google rewards you for being specific.

A PPC headline isn’t a place to get clever. “Headless Body In Topless Bar” would not work in PPC. Whilst it might grab attention because it’s different, people would not see it is as being relevant to them, because it’s not specific to their search. It would also fall foul of Google’s relevancy algorithms, and is unlikely to be shown at all.

A Headline Must Lead Somewhere Even More Interesting

The ad text needs to hint at something deeper. Just like the purpose of the headline is to lead people to the first line of copy, our PPC ads need to hint at something unseen, yet valuable, beyond the link. When the visitor lands on the landing page, the landing page headline must confirm what was hinted at in the PPC ad.

Uniqueness Is Rewarded

If you’ve read this far, my headline probably worked. It got your attention, and led you to the second line, and you kept reading.

But you and I both know that shock tactic isn’t going to work in PPC. It probably worked in the context of a feed reader, because it stood out in that context. Typically, the titles for PPCBlog articles don’t involve headless corpses in topless bars! But it’s not a great headline. It’s over-played. And it is unlikely to work again. Any shock/curiosity value has now gone.

However, I want to make a point about context. In a crowded environment, like a feed reader or search results page, uniqueness is often rewarded.

As a species, we’re conditioned to notice what changes in our environment. The new. The different. Likewise, our text ads must be more compelling than any other link on the page. That includes the organic results. Look thought the search results, not just the PPC ads, to see what is, and more importantly, what isn’t there.

Your ad should be unique in this context. Uniquely relevant. This comes from understanding your audience, and specifically addressing their needs.

Headless Body In Topless Bar

bar Headless Body In Topless Bar

That was a New York Post headline.

It was a great headline for the New York Post. I think it’s fair to say they understand their readers.

Is it a good headline for a post on PPC Blog?

Maybe icon smile Headless Body In Topless Bar

You tell me.

In a minute.

But first….

A Post About Headlines

Today we’ll look at the headline in the context of PPC. This topic is probably nothing new to PPC veterans, but if you have a background in traditional media and copy writing, hopefully it will give you a way to approach PPC, and search marketing in general.

We can think of text ads as being headlines. They serve a similar purpose to headlines in traditional media. Their purpose is to grab attention. Unlike traditional media, text ads lead to a second headline, and copy, on a separate landing page. So the two need to work in tandem in order to be most effective.

In traditional media, the headline writer simply wants to grab attention from a reader who may not have been interested in the topic a second ago. They want you to read and, at best, recall a message, but there’s not a great deal of jeopardy involved if you don’t. The PPC headline leads the reader to take a specific action, and that action typically involves handing over cash.

In this respect, the stakes are higher for the PPC copywriter.

The Role Of Headlines In Our Culture

All our media has been reduced to the headline.

The sound bite. The lead story. Digg. Reddit. Social media. Our inbox. Our feed readers. Everything is being aggregated and reduced to headlines. Our culture has infinite messages, yet there are still only 24 hours in the day. What media you consume, and what you buy, is typically “directed” by the few words that make up a headline.

No wonder marketers place such importance on headlines. Those few words lead to everything else.

Brevity

Our media has been reduced to headlines because time is short. Headlines summarize. Headlines must be both brief, and loaded with meaning. They must hint at something deeper.

Relevant

Ad text and the landing page headline must resonate with your audience. The key to writing a good headline is to first know your audience.

PPC is a great test bed for getting to know your audience. Tim Ferris, the author of the book “The Four Day Workweek” used PPC to test a range of title ideas for his as-yet unnamed book. The ad text that generated the most clicks became the title of his book. The audience “told” him the name they deemed most interesting by clicking.

Confirmation Bias

Confirmation bias is a tendency for people to favor information that confirms their preconceptions.

Search is a hunt and find medium. Unlike the newspaper or magazine, PPC is not about grabbing disinterested, passing attention. It is about being directly relevant to the searcher who knows, of thinks she knows, what she wants. It’s about reflecting the searchers own perception of what is good and relevant.

Any headline (link) not directly relevant to the search phrase will likely be ignored. This is why repeating the keyword term in a PPC advertisement is important. It’s a confirmation that the searcher is in the right place. This is why traditional attention grabbing headlines, like “Headless Body In Topless Bar” don’t work so well in search.

They aren’t specific enough.

Be Specific

Google sees PPC links as being information. Google reasons that advertisements are information in the same way an organic search results are information in that their function is to answer queries. This is especially true when searches have a commercial imperative.

Google rewards you for being specific.

A PPC headline isn’t a place to get clever. “Headless Body In Topless Bar” would not work in PPC. Whilst it might grab attention because it’s different, people would not see it is as being relevant to them, because it’s not specific to their search. It would also fall foul of Google’s relevancy algorithms, and is unlikely to be shown at all.

A Headline Must Lead Somewhere Even More Interesting

The ad text needs to hint at something deeper. Just like the purpose of the headline is to lead people to the first line of copy, our PPC ads need to hint at something unseen, yet valuable, beyond the link. When the visitor lands on the landing page, the landing page headline must confirm what was hinted at in the PPC ad.

Uniqueness Is Rewarded

If you’ve read this far, my headline probably worked. It got your attention, and led you to the second line, and you kept reading.

But you and I both know that shock tactic isn’t going to work in PPC. It probably worked in the context of a feed reader, because it stood out in that context. Typically, the titles for PPCBlog articles don’t involve headless corpses in topless bars! But it’s not a great headline. It’s over-played. And it is unlikely to work again. Any shock/curiosity value has now gone.

However, I want to make a point about context. In a crowded environment, like a feed reader or search results page, uniqueness is often rewarded.

As a species, we’re conditioned to notice what changes in our environment. The new. The different. Likewise, our text ads must be more compelling than any other link on the page. That includes the organic results. Look thought the search results, not just the PPC ads, to see what is, and more importantly, what isn’t there.

Your ad should be unique in this context. Uniquely relevant. This comes from understanding your audience, and specifically addressing their needs.

What Else Can I Test….To Increase Email Click-through?

Email testing produces some of the most interesting results I see here at MarketingExperiments. The cause for this is a combination of constantly changing variables.

For one, content within email tends to change more often than your typical landing page. This makes optimizing for content more challenging as different topics are likely to garner different levels of interest from the segments within your email list. So results will change each month based on the content alone – making A/B testing the only reliable method for measuring progress.

In addition, email lists themselves prove to be a challenge, as what works for one list may not work for another list. Even within lists, especially aggregated lists, you will see different results based on the value proposition, content, layout, and calls-to-action (CTAs) used in your email.

And to further complicate matters, you are still dealing with a funnel process in which your email must first reach a user (avoiding spam filters, personal filters, etc.), your subject line must interest the user enough to open the email, your email must display properly (with images on and off) and be compelling enough to achieve a click-through to your landing page where the battle for a conversion wages on.

In today’s world of overloaded email boxes, people declaring email bankruptcy, spam filters and everything else, this game is only getting more difficult – for marketers and users alike.

With that said, I’d like to offer up my own favorite email testing tricks and tips. It’s important to understand that what works for one segment, list, or industry will not necessarily work for another. In fact what works one month for a list may not work next month. It’s an ever-evolving process in which you must always challenge your own best practices to maximize your results.

1. Text-only email

This is my silver bullet of email optimization. In a world where everyone wants their logo, business cards, websites, and emails to be as shiny and pretty as possible, it’s easy to forget that email is a text-based medium.

Out of all the emails you actually read each day, how many are HTML vs. text-only? The important emails you receive each day – the ones from your family, friends, and co-workers – are all likely text-based. This means the HTML emails you receive are most likely not from one these aforementioned groups and thus likely less important to you on a personal level.

Obviously there are caveats to this – such as an email from your bank or a Facebook friend request – but the truth is, when you send an HTML email you are already fighting a certain level of banner blindness. If you currently only send out an HTML email, I’d challenge you to A/B split test against a text-only version of your email and measure the results.

2. Story format

Emails are a form of value exchange. In exchange for someone’s time and interest, you must first provide something of value.

One of the easiest, most interesting ways to provide value in an email is to tell a relevant story. Not only can telling a story create interest in your topic, but it also can provide you with a natural sounding CTA of “Continue Reading” or “Read More” that requires less commitment from the user before clicking through to your landing page.

The downside to the story format is it requires you to have an interesting story to tell as well as an audience willing to read through the text.

3. Big button

Sometimes if your offer is compelling enough, all you need to do is give people a place to click. It helps if your email list is already familiar with your brand, is interested and familiar with what you’re offering and needs little explanation before clicking through.

For example, our Marketing Director is drawn to J. Crew’s buttons like a moth to a lightbulb…

jcrew What Else Can I Test….To Increase Email Click through?

The focus should be on the value proposition and the CTA copy as this will determine the commitment level required to achieve a click-through. A “Learn More” CTA will bring more clicks, but less qualified traffic than a “Buy Now” CTA. Experiment with this CTA copy to see what works best for your particular audience and dial in the right amount of click-through vs. conversion.

4. Multiple CTAs

I’ve found that when dealing with large, aggregated email lists, including multiple, different CTAs can help increase click-through on the basis that different people will be interested in different aspects of a topic.

For instance, if you are offering a free PDF download on a topic that you hope will encourage people to provide their email address, and you also have a webinar that does the same thing, go ahead and include a link to “View the PDF” and another CTA to “Sign-up for the Webinar.”

What you’ll find is that offering multiple contrasting calls to action will result in a higher click-through rate as some people will be interested in downloading the PDF, while others will prefer the webinar – two different mediums that attract two different groups of people but achieve the same objective.

5. Digest

If you currently send out a longer email newsletter, I’d encourage you to try a digest format. In the digest format you offer several links at the top of the email that either direct users to a particular article on your website or anchor down to an excerpt within the email itself, followed by a CTA to “read more.”

I’ve found digest emails work well when you have a lot of content to offer and you are able to effectively arrange this content so as to attract a wide variety of clicks. It’s a combination of the story format and multiple CTA emails mentioned previously.

Related Resources

The Five Best Ways to Optimize Email Response: How to craft effective email messages that drive customers to action

Optimize your Email in Three Steps: How one marketer tripled revenue from their house list

Order your custom Email Response Optimization Package

Photo Attribution: psd

 What Else Can I Test….To Increase Email Click through?

WordPress 3.0 Makes Building Business Websites Even Easier

webinar 062820101 WordPress 3.0 Makes Building Business Websites Even Easier

Building business websites with WordPress just keeps getting easier and easier. What I mean by that is that having an awesome website that looks great and has lots of useful features is available to anyone. I mean anyone.

If you’re a business owner who’s looking to provide information to your existing customers, or you want to use your website to attract new business, then setting up a website using WordPress is your ticket. We like to say that if you can run a word processor, you can run your own website using WordPress.

Back in the old days (you know, 10+ Internet dog years ago) you had to create a design, build your webpage template in html, copy and paste the template to create enough pages for your website, stitch those pages together with navigation links, upload them to a web server, and then pray that something didn’t break in the process.

Updates were painful, time consuming, required special tools and knowledge, and took a while to untangle when something went wrong with one of your pages. That meant that most website owners couldn’t or wouldn’t update their sites very often.

But by using WordPress, all the parts and pieces of the puzzle are built in. If you can run a word processor, you can run your own website. All you have to do is log into the admin area of your website, and click “Add Page” to add a new page. All your website images can be uploaded directly using point and click options. Your website theme holds all your navigational menu items, defines where your website information shows up, and makes it extremely simple to manage.

At Open Source Marketer we believe that WordPress is the simplest, most flexible solution, that offers you long term possibilities for growth at a lower cost than anything else. That’s why this Monday we’ll be hosting a webinar on building business websites using WordPress.

During the one hour webinar we’ll be sharing the process we use to create sites for ourselves and clients. We’ll be sharing some examples of sites that we’ve built for clients, including informational sites, membership sites, and micro-sites.

You are invited to join us and ask questions about the process we use or even WordPress in general. We enjoy discussing the merits of the platform and we’d love to help you understand what it takes to build a business website using WordPress.

So register now to join us and bring your questions.

WordPress has over nine thousands plugins and a huge open source support community where you can find the information you want to do anything you need. There’s nothing else out there that let’s you build a business using a system that you own and burn to a CD and actually hand to someone if they bought your business.

Building business websites with WordPress just keeps getting easier and easier.

Join us Monday to find out how easy.

Charles McKeever
OpenSourceMarketer.com

Learn how to build and market your business online using WordPress.

 WordPress 3.0 Makes Building Business Websites Even Easier

What Is That Smell?

domain extensions stink What Is That Smell?

If a rose by any other name smells as sweet, then why doesn’t everyone grab the .biz or .info domain names? After all, its the content that matters, not the name…..right?

Uh, sort of.

People like familiar paths. Anyone remember a book called “the road less traveled”? Its less traveled for a reason. If your rose isn’t on the main path, then it won’t get noticed nearly as easily as a rose which is front and center. Conferences charge more for the booth in the front. Ever buy seats on the 50 yard line? I bet they didn’t cost the same as the nose-bleed section.

Having that front and center domain name has a similar effect. If it is something that is typed a lot (like .com), then Shirley is required to remember less. The less that Shirley needs to store in her brain, the more likely it is that she will be able to type that into her computer later that night.

I’m not all that keen on the .mobi addresses either, since your website can distinguish between the devices that are looking at it and switch the CSS dynamically to match.

The biggest exception to .com addresses are ones that are still unique. The .tv, .ws, and .ly can attract the attention because they are not as widely used yet. If you are displaying video and you use .tv, then you are not only making sense to the surfer, but also using a name that isn’t all that common yet (yet… being the big kicker today).

Dot Com (.com) is still the most traveled path and therefore takes center stage. Either go for the center path or create a side path that is so memorable, that you can draw traffic away from the path and down to you.

If your rose can’t be found, then does it really matter how sweet it smells?

Toff Ward
OpenSourceMarketer.com

Accelerate your business online using social media.

 What Is That Smell?

Marketing Optimization: How your peers overcome leaks in their sales and lead generation funnels

511644410 898c1d29f9 300x300 Marketing Optimization: How your peers overcome leaks in their sales and lead generation funnelsIt’s easy to focus on one aspect of your marketing and lose sight of the big picture. So in Wednesday’s free web clinic – Compounding ROI of Sequential Conversion Rate Increases: How one company took a small gain and multiplied it tenfold – Flint McGlaughlin, the Director of MECLABS Group, will help you find the leaks in your sales or lead generation funnel and share three key steps for holistic marketing optimization.

In the meantime, here is our latest community-written blog post to help you understand how your peers deal with optimizing their entire conversion funnel during the customer/client acquisition period…

There’s no simple answer

In a former life I worked in computerized irrigation – a lot of plants, a lot of pipes and a lot of leaks.

The only way to find the leaks was to manually walk up and down each row looking for pooled water on the ground.

The same applies to leaks in the funnel. The only way is to use something like Urchin or Analytics and find the “black-hole pages” – pages traffic goes into never to be seen again. Concentrate on the pages with good volumes of traffic and plug those leaks!

– Dave Collins, Founder & Managing Director of SoftwarePromotions

If your oil funnel had a leak, you’d be sure to replace it

The sales cycle certainly calls for a consistent, quality funnel which has just the right amount of viscosity and throughput.

I believe that it really goes back to the age old question of “How do we integrate marketing and sales?”.

When this question comes up within a company, red flags fly through the roof. It’s a shame because we’re not territorial animals. We’re civilized human beings who should solely be focused on what’s best for our company – because this attitude will ultimately help you achieve more.

Sales and Marketing should align their policies so that quality information is passed from the point of initial contact – inbound or outbound – through the sales cycle. Nurturing is the key fluid in keeping the motor up and running. Having the tools to manage the data is great but it’s human intelligence that ultimately drives nurturing and sales.

People buy from people, not from software or companies. Optimizing the quality of your staff and providing them with tools to better manage and view their data is what companies need to improve lead generation and sales.

For example, landing pages should have some form of unique ID or should be interconnected to CRM so that when related information is recognized, it’s automatically tracked as a touch point. Capture forms should be simple and brief for initial contacts and get more detailed as prospects choose to dig deeper.

– Jason Croyle, Lead Generation Specialist and Social Media Evangelist at InTouch

Connect PPC ads to landing pages to capture forms to lead generation and sales

I deal mainly with Google Analytics, Website Optimizer and AdWords, so my example will be within that frame.

  1. First, connect Google Analytics and AdWords (To track ROI on a variety of ads and keywords.)
  2. All buttons on landing page are tracked using the _trackEvent method. (This will help you determine what buttons/ call-to-actions on your landing pages are receiving the most awareness.)
    1. Buttons on landing page are also tracked using Google Website Optimizer so that we can provide multiple variations of buttons, content, and call-to-actions on landing page.
  3. Combining steps 1 and 2 will allow us to determine what steps, content, ads and call-to-actions work best not only on a micro level, but on a “holistic” level – all together.

Omar Ead, Director at Digitus Marketing

One at a time

Short answer: fix one phase/step at a time. You truly will not know where your fallout point is until you’ve fixed the phases above it. It’s quite easy and inexpensive to test various elements; see what works best to set a baseline. Then move on to the next step in the process and repeat.

I tend to spend a good amount of time building the optimization roadmap before I start tweaking and testing.

– Nick Rice, Regional Manager of Field Marketing at McCann Erickson

Related Resources

Compounding ROI of Sequential Conversion Rate Increases: How one company took a small gain and multiplied it tenfold

Holistic Marketing Optimization: What’s more likely to show up on Twitter?

The Compounding Effect of Micro-Gains: How small performance increases in PPC, landing page conversions, completed sales, and more combine to deliver big improvements in revenue.

Photo Attribution: vrogy

 Marketing Optimization: How your peers overcome leaks in their sales and lead generation funnels

Eight Questions To Ask Before You Start A Business

start Eight Questions To Ask Before You Start A Business

Are you thinking of starting a web business? Starting a PPC Management agency? Setting up your own site and selling things, or building a web publishing empire?

Before you start, ask yourself the following eight questions. The advantage of this Q&A is that you can quickly see if the idea you’re going to throw your money and soul into is likely to work.

1 . What Do You Do?

Define what service the business provides. Many entrepreneurs make the mistake of trying to be all things to all people. They may well have a wide range of skills, but resources spread too thinly often leads to failure.

Try to focus.

McDonalds could, no doubt, provide up-market meals, but they focus on selling quick, cheap food.

That is what they do.

2. Who Do You Do It For?

Who are your customers?

Create a mental image of your typical customer. Make a note of their income levels, and particularly their “itch” i.e. that problem they really need solving, and will gladly pay money for you to solve.

3. What Makes You Different?

What is your unique selling proposition?

If your customers can buy the same services for less elsewhere, or more easily, they will. Your customers will compare you against others. What is that one thing you can do, that offers considerable value, that no-one else can do? What makes you special? What makes you remarkable?

There is a tendency to model yourself on others. To copy existing models. Try to avoid doing so. The people who come up with these models are probably already onto the next stage i.e. refining their service, changing direction, heading somewhere else. You’ll always be the person in their rear-view mirror, one step behind. Why be Bing when you can be Google? icon smile Eight Questions To Ask Before You Start A Business

This is not to say doing something wildly new or different is any guarantee of success. One winning strategy is to take a successful business model, and twist it a little. You have the ready-acceptance of a proven model (safe), and the opportunity to talk about something a little new (interesting). For example, Steve Jobs did not invent the PDA, but he put a new twist on it in the form of the iPhone. He took something that most people were already familiar with (safe) and made it more approachable (interesting).

4. Do You Know What Cashflow Is?

This point is so important, it really should be number one. Cashflow is the movement of cash into or out of a business. It sounds like the dullest thing in the world, and many budding entrepreneurs overlook it, but it is the one thing most likely to kill your business.

Businesses may have great ideas. They have customers signed up. They execute well. They’ve even sent the bills out. Growth is happening, and all is well with the world.

Then the bank manager calls.

The overdraft has hit its limit and you can’t meet payroll this week. You can’t make rent. At this point, you’ve out of runway.

Running out of cash stops you dead and makes you utterly vulnerable. Address cashflow from the start. How much capital will you need? How much overdraft will you need? How long will it be before client money appears – cleared – into your bank account? How much do you need to operate each week?

There is no fooling cashflow. The score of any business is the bank account balance.

5. What Employees Do You Need?

Will you be doing all the work yourself? If you’re doing the work yourself, when will you have time to sell new work? Should you be wasting time doing menial clerical tasks?

Consider outsourcing all non-core tasks. Whilst you may be able to do everything, often it doesn’t make sense to do anything other than the things that bring you the most money.

6. How Will You Manage Customers?

Keeping existing customers is a lot cheaper than finding new ones. How will you manage your customer relationships? How will you structure your activities to ensure repeat business? Do you have a process whereby you can find out customers wants and needs?

Create a process that allows you to adapt to your customers.

7. What Are Your Goals?

Set company goals. Set personal goals. How much do you need to earn, and in what time frame? How will you exit your business? Who will you sell to?

Use the SMART system when setting goals. Using the smart system, goals must be:

S = Specific
M = Measurable
A = Attainable
R = Realistic
T = Timely

For example, a goal might be “to gain 20 new customers in one year”. The specific, measurable nature of the goal means your planning will be more effective. Specific goals beg questions i.e. “Where will I find 20 new customers”? and lead to specific actions.

Failure to be specific results in vague goals such as “to operate a successful business” or “to be happy”. It’s difficult to decide on actions that will lead to such goals.

8. Do You Really Want To Run Your Own Business?

Having gone through these questions, you’re may be a) raring to go or b) feeling a little overwhelmed.

Ask yourself why you want to be in business for yourself? It’s more work than being a staffer, there is more risk involved, the money is non-existent to start with, you swap one boss for many bosses, and each new contract becomes a job interview.

On the plus side, it is enormously satisfying, you are responsible for your own destiny, and all benefits return to you.

Taking one hour to consider these questions can save you a lot of time, money and grief if you jump in unprepared.

Jump in. With due consideration icon smile Eight Questions To Ask Before You Start A Business

Those who have made it through your first year of business, what things do you wished you’d considered before you took the plunge?