Tag Archives: Digital marketing

The Broken Business Model

I’ve written before about ad blocking and all of the business questions it raises.  Those questions are most directly asked about the business model in media, but they might also involve your business as well.  After all, when the basis of your revenue model involves getting consumers to do something which they really don’t want to do, maybe it’s time for some more thinking.

The media business has been built on a business model that involves a trade: the consumer gets content in return for giving up their attention.  In the digital world, they provide data along with that attention.  The flaw right out of the box with this is that publishers tell users that their content is free, or at least they do nothing to discourage that belief.  When a consumer adds ad blocking software to their browser, they do so to create a better browsing experience.  They probably don’t realize that they’re breaking the business model; they just want pages to load faster or not to be interrupted by pop-ups, screen takeovers, or any of the other ad formats that scream at them instead of talking with them.  Some publishers have tried either a subscription or “freemium” model which eliminates the ads, but consumers haven’t responded.  Instead, many sites are seeing up to 60% of the ads they serve being blocked.  This, clearly, is broken.

What to do?  I’d be lying if I said I knew.  I’d start by using something on my site that sniffs for ad blocking and maybe redirect anyone who uses it to a page where we explain why the ads are necessary.  At least it makes the value exchange explicit.  Will consumers care?  Will they make a small donation?  Will they buy a subscription?  Some will, and that’s a step in the right direction.  I don’t think the nuclear option of refusing to serve content to anyone using an ad blocker is smart.

Maybe hard code the ads (build them into the page instead of serving them via an external call).  They can’t block something that’s part of the page and appears to be content to a blocker.  Way more work on the administrative end, but effective.  I don’t know what to do about page load times, another key annoyance caused by ads.  When an ad-free page loads in under a second and the external ad and tracking calls add up to 10 seconds to the load time, there is a problem.

Any business model has to provide something of value to the customer.  In this case, the site’s customers are advertisers and the products are consumers.  Unfortunately, the consumers are not cooperating and the product is in trouble.  Any thoughts on how we fix this?

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Filed under digital media, Reality checks

Getting Found

Perhaps the biggest challenge in business is “discoverability.”  That’s just a fancy term for your business getting found.  If you’re a bricks and mortar operation, it might mean an eye-catching sign.  If you’re a digital business or a business that has a digital presence (are there any businesses that don’t?), it means doing the work needed so that when customers are using the web they can find your site.

That concern is something I get asked about by clients all the time.  They hear about Search Engine Optimization but don’t understand what it is or how to do it.  I’ll preface this by saying I don’t profess to be an SEO expert.  I can, however, get clients through the rudiments, take care of the technical basics, and, if our work shows results, bring in a resource to do the advanced stuff.  So with that in mind, let’s spend a minute on how your business can be more discoverable.

You might find this odd, but the answer is simpler now than it was a few years ago.  Many of the technical parts of SEO are no longer as important as they once were.  What’s important is a recurring theme here in the screed: focus on your customers or prospects.  Making your site content useful to a shopper will have the effect, in most cases, of being great SEO.  What do I mean?

People search either to buy something, to find a place and get there, or to find information.  The latter is why you do informational content (like this blog), the former are product pages, etc.  Making every page of your site clear with respect to what question you’re answering or problem you’re solving with probably mean you’re using the words people (not robots) use to find answers.  That’s good SEO because it is focused on user experience.

Yes, there are a couple of technical things you should do (good title tags is the main one) and you need to hope that people build links to your content (they will if it’s great!).  But the most important thing you can do in order to enhance discoverability is to be useful and clear.  For those of you who are hearing from SEO experts that want to charge you a fortune, you’re welcome (mail me – I’ll tell you where to send the check).  For all of you, I hope that helped.  Did it?

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Filed under Consulting, digital media

Not Actionable Or Not Able?

Marketing Executives Network Group

(Photo credit: Wikipedia)

We discuss the need to measure the results of what you’re doing here on the screed fairly often.  As you’ve probably figured out by now, I’m a big believer in applying data to decision-making, especially after decisions are taken and tactics are deployed.  As it turns out, my views about that part are fairly typical within the marketing community.

In a survey of marketing executives, The Conference Board and the Marketing Executives Networking Group found 75% of the respondents in agreement with the statement that “A primary responsibility of marketing professionals is to generate data-driven insights about prospects and customers, and then create a brand or sales story based on those insights.”   I especially like that language because it is inherently customer focused.

Two other findings, however, disturbed me quite a bit.  Only 39% agreed with the statement that “Most information available from monitoring social media is not actionable” 56% agreed that “Most of the members of my marketing team are not as skilled in the use of digital marketing as they need to be.”   Those two statements are probably related and let’s think about why.

First, if you’re having trouble taking action on your social analytics, maybe you’re measuring the wrong thing.  I totally agree that “likes” is a useless number, but using conversion pixels to measure assisted conversions from social media can provide a wealth of information about how your customers come to buy.  Maybe you’re not doing sentiment analysis (that’s not baked into the standard analytics packages but readily available). You should be. Putting aside sentiment, we can focus on trending topics among your user base as well as feedback on your brands and those of your competitor.  Those are all highly actionable data points.

With respect to the second point.  If your team is lacking in some critical skill, whether it’s digital marketing, writing, or sandbox, your job as a leader is to help them improve that skill until it meets the organization’s needs.  If not getting them training is a “resource issue”, think about what it’s costing you in missed opportunities.  Flip that to the positive:  if you’re getting good results now, how much better would they be if you could agree with the statement on your team’s abilities?  Maybe that’s why the data doesn’t seem to be actionable.  Is it “not actionable” or are you just not able?

If the results of the survey resonate with you, get some help to improve your results.  I’d love to be that help but there are lots of qualified people who understand how to help your company live up to the promise that digital holds. I don’t think that dismissing it as “not actionable” is the answer.  Do you?

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Filed under Consulting, digital media