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Cyber Geography – and why you need to know about it!


In a series of articles over the next few months I am going to take a look at the world of cyber geography, or location based services – a name which does little to convey the power of this niche area of the web, an area, in which applications are growing at an exponential rate and acting as the catalyst for some very innovative business applications.

Any physical business will tell you that just how successful you are will have a lot to do with being in the ‘right place’ at the ‘right time’. Even today “location, location, location” remains the mantra of many executive teams. Here are just a few of the statements regularly heard in the boardroom:

•    we have to be where our customers are;
•    we need to be close to our suppliers;
•    we need to be near a pool of skilled labour;
•    we need an office with the right address; and
•    we must be on every continent and in every high street.

Only recently, I was reminded about the importance of geography when a major chain store decided not to open a store in my hometown. Their justification, too few people within a 30-mile radius of the store and the wrong population profile.
 
BUT just how important is geography in the world of cyber business – surely geography is dead, after all your office can be anywhere, your customer base global and, in many cases, your products digital! So does location still matter?

In short the answer is an astounding YES – but for very different reasons than at the end of the last century.

It is a very different kind of geography that is transforming the way ‘SMART’ companies are using knowledge about ‘YOUR’ location to improve their business models.  

Knowing where you are, how you behave and anticipating what you might, or might not do next is big business!

To start off this series of blogs I would like to show you just how powerful adding geography can be!

The App I am going to take a look at is SONGKICK.
Before I start, you need to know a little bit about the customer for this App to fully appreciate its power. In this case that customer is me! You see as well as having an interested in social media, geography and the web I also love live music – anything goes – but to be honest you can’t beat good classic rock. The challenge is, of course, finding out when the bands you like are in town, where they are playing and how to get tickets?
I can’t quite count the number of times I have missed a gig because either I didn’t know it was on, or I found out after all the tickets had gone to those better informed than I.

This is where SONGKICK – ‘kicks’ in, a life changing App, and more importantly a clever way of getting me to part with my money.  So what does it do? and how does it work?

First you need to know that there are two versions, one that works with your PC or Mac and the second that works on a SmartPhone. Both do a similar thing, but it is the SmartPhone App that I will concentrate on here.

In short SONGKICK raids your ITunes library to identify the music you like, then checks the date and your predefined, or current location and alerts you to:
-    which of the bands, with tracks in your iTunes library are on tour;
-    if any of these bands are in your neigbourhood; and
-    where you can get tickets (which on-line agencies are promoting the concert).

….And it doesn’t stop there. You can go on and:


-    choose to buy a ticket;
-    share the info with a friend via email or one of a number of social networking sites;
-    add a note to your Facebook page indicating that you are going;
-    click through to the band’s web site to buy the latest CD/download; and
-    if you are really keen, find out where the band are playing next!

What is clever in SONGKICK is that different information is being combined to provide you with context specific, personalized recommendations that you can control, a key one being your location (geography).

The result is that through clever use of ‘local’ data mining, determining your position and intelligent web searching, the App encourages you to spend more on tickets than you would have done in a pre SONGKICK era; a very clever little App indeed.

Next time – I will be looking at the ‘geographical’ technology that underpins Apps like SONGKICK, in particular Global Positioning Systems (GPS) and Geographical Information Systems (GIS) and provide you with some background on where these technologies have come from and how they work.

In the meantime, I would love to hear from everyone about your favourite ‘Geography’ App – especially if it has convinced you to part with your hard earned money.

Getting to the Nitty Gritty – What is LinkedIn Today?

So What is LinkedIn Today?

Think about the last time you read the newspaper or read the news online. There is no doubt you were flipping and clicking through the pages that do not interest you (just yesterday I witnessed my brother chant “boring” after each turn of the page until the sports section appeared). Fortunately, there is a new solution that allows LinkedIn users easy access to only the news that interests them. After all, one of the easiest ways a person can get ahead is by staying informed about the latest news in their field. This solution will get people the knowledge they need faster while using a social networking platform. Aside from allowing users to skip the news sections that do not interest them, LinkedIn Today works as a condensing tool when it comes to the many news outlets. By enacting LinkedIn Today, your job of finding good, quality articles that related to your career is more-or-less eliminated.

LinkedIn Today is a standalone website that pulls the latest business news articles that are most closely related to the information you have provided on LinkedIn. There are few different ways the website will pull news stories:

Even Less Flips and Clicks – How LinkedIn Today Works

1.    Look at your connections
With LinkedIn Today it is possible to “share” specific articles. If you have a LinkedIn, you know that most of your connections are your co-workers or those who work within your field (unlike Facebook where your connections are mainly your friends and family). If any of your connections “share” an article LinkedIn Today will pull that article and highlight it as something that may interest you.

2.    Look at the industries you follow
Chances are if you are actively using LinkedIn you are “following” specific industries. Whether it be the industry you work in or another industry that interests you (or you hope to work in once the job arises), LinkedIn today finds the top headlines across these industries and puts them on your Front Page for you to read. In other words, your days of going to that specific section in USA Today, The Chicago Tribune, The New York Times, and then your local paper, are over.

3.    Connections between industries
Even if you are new to the LinkedIn world, you will still be able to start finding a variety of news articles if you “follow” just one industry. The way it works is this: LinkedIn Today highlights the top articles for your industry and then looks across all industries to see what is being said about that article. This feature will allow you to make connections about what is going on in the news across the board.

Tap Into LinkedIn Today—How Publishers Can Take Advantage
If you are a company looking to tap into this new content medium, there are many options. The most important thing to remember is the idea that users of LinkedIn Today get articles based on their popularity amongst their connections, industries, and connected industries. Knowing this, there are several things you can do to make sure your content gets involved—all of which deal with sharing your content as much as possible. A few ways to get your content’s popularity up include:
•    Post as an update — Share your articles by posting them as updates on your LinkedIn profile. This way, all of your connections will be able to view your articles and start spreading the word.
•    Share Button – As a publisher, you should add a share button on each of the articles you post. This button gives readers an easy way to share your article (instead of leaving all the work to you). This button can easily be added through WordPress.
•    Twitter – As a publisher, you should link your Twitter account to your LinkedIn account. Any user who tweets your article will count as a share on LinkedIn Today.
LinkedIn Today is convenient in what it offers as well as how it is used. Social media websites are clearly taking over the World Wide Web, and LinkedIn Today is slowly becoming one of the best in terms of news production. Suddenly the “boring, boring, boring” chant my brother sings will become “interesting, interesting, interesting,” and this is not only a benefit to users, but to publishers just the same. If you want to be part of the “interesting” news, LinkedIn Today is a great place to start.

Amanda DiSilvestro is a writer on topics ranging from social media to fleet tracking. She writes for an online resource that gives advice on topics including gps tracking devices to small businesses and entrepreneurs at Resource Nation.

 


10 considerations when building a website in this brave new Social World

I’ve been helping businesses to specify their requirements in relation to web sites as effective sales and marketing tools for over 10 years and in that time – apart from the tech, little has changed – until now (well, when I say now, I mean over the last couple of years). If you’re currently looking at improving your website or are in the process of building a new site, then take note, the world has changed and due to the rise (and rise) of Social Media your website today performs a very different role to what it did a few years ago.

1) How well are you currently performing online?
And I don’t just mean traffic to the website, but looking at individual channels into the site – What are the bounce and exit rates? Where is most of your traffic coming from?

How many people are converting to one action against one of your defined key performance indicators? Without this information there’s really no point at even looking to change your web site.

2) What is the extent of your Digital estate?
Is it just a website? Have you engaged in other digitial channels? How active are you in these? What’s working well and not so well? Are they the right channels for your business?

3) How does your website fit into this picture?
Your website is no longer an island in a digital ocean with passing traffic from the odd reference on a 3rd party website or search engines delivering traffic based on key terms – your website should be bang in the middle of the shipping lane, with traffic directed towards it from multiple sources. Your website increasingly is not the place where decisions are made, but more often than not will be made outwith your site, with the site itself just nailing the “sale”.

Having said that we’re not there quite yet, so you still have to consider how your website stacks up, how it interacts, but you also have to be aware that individual pages of your site will be referenced across the web and so each key entry page has to work as hard as the Home page, with consistently placed calls to action (although these may vary based on what you’re trying to achieve on any given page). You need to think of your site as a series of landing pages. 

4) What are your competitors up to?
This is very often missed and shouldn’t be, as it gives great insight in to how your competitors interact with their customers. You can use some of the free tools out there such as Yahoo site explorer (http://siteexplorer.search.yahoo.com/uk/) to see what 3rd party links they have pointing into them, a keyword density analyser (I use http://www.ranks.nl/tools/spider.html) to see what they’ve optimised individual pages for, and one of the Social Media monitoring tools (there are loads – Addictomatic/ Twazzup etc) to get a feel for what their customers are saying about them and where they are saying it. 

5) What’s the purpose of your site?
Strange question? But I see so many sites that have absolutely no purpose whatsoever other than to look good in the developer’s portfolio. You need to really think what you want to get out of your site, set KPIs so you know when it’s been successful. You also need to understand how the website fits in to your other online activity.

6) Who are your customers? What do they want? Where do they hang out online?Image of 3d stickmen and speech bubbles
Persona development is key to delivering to your customers the information they want (and the information you want them to know) in the environment that they frequent. There are lots of great articles on persona development and that may be worth exploring in a future blog post, but in essence – consider your top 3 types of customer (there’ll be more, but lets focus on the key ones) – who are they? How tech savvy are they? How do they want information delivered? What are the triggers that will make them engage?

You’ll end up with a profile of your key customers and that’s as good a place as any to start building content which addresses their issues.

7) Content, Content, Content
You may think that you have the greatest website on earth, but is this where your primary engagement with your customers will take place?

I’ve recently undertaken an excercise with a couple of clients whereby we got a large sheet of paper (very high tech I know!) and written down the left column all the information (based on the personans) that we believe customers want to know as well as information that we need to tell them. Across the top we then put up their entire digital estate – blog/ Facebook, youtube, flickR etc. We didn’t take this for granted, we saw based on previous interactions which were working best, others which weren’t working as well and others we hadn’t considered up until the persona exercise. We then decided for each piece of information where it sat and what purpose it performed.

Let’s take an example – “recipes” – the call to action takes place on the website where the recipe is downloaded and they sign up to receive regular recipe updates, but the activity to get them to this point takes place across You Tube (“watch the video on how to make the recipe”); Facebook (“lets discuss the recipe and other ways of making it”); Twitter (Tweets relating to the recipe having just been made and how successful or otherwise it turned out) …..you get the idea.

8) Ensure that your relevant web content is syndicatedImage depicting inhouse and outsourcing resource

Lots of websites have great content which never sees the light of day and there are plenty of other places on the web that would just love to have your Presentation, Whitepaper, Press Release, Video, Images – the list goes on – don’t let your content hide on your site, get it out there (a number of my clients use PixelPipe – http://pixelpipe.com).

 

9) Ensure that even if your primary call to action is not fulfilled that an engagement mechanism is

This may be “Sign up for a weekly digest of information”; “Use our RSS feed”; “Follow us on Twitter”; “Like us on Facebook” etc). By allowing the customer to engage on their terms, you then have the opportunity to engage with them.


10) Monitor, measure, react, adapt

Lastly, you need to be able to be able to make decisions and refine your strategy – you can’t do this without measurements in place. Decide at the outset what your KPIs are and what you’re going to measure and then review regularly to ensure that you’re on-message. 

How Fresh are your Cookies?

As a result of changes to the EU Privacy and Electronic Communications Directive, it is now unlawful to use cookies to collect user data without first obtaining explicit consent. In the UK, the Information Commissioner’s Office (ICO), which is responsible for ensuring that websites comply with the new cookie law, has implemented a technical solution on its own website with the result that traffic to it plummeted.

UK Cookie Acceptance Policy

In May the ICO placed a banner at the top of its website in order to obtain consent from users to the placing of cookies. The banner stated how and why cookies would be stored and cross-referred to the ICO’s privacy statement. By clicking on the banner users consented to the use of cookies. If users did not consent, then parts of the website did not work and were not accessible. In the following 35 days, traffic to the website fell by 90%. Unlike the ICO’s website, many commercial websites rely upon multiple cookies for tracking, customer service, analytics and advertising revenues.

Prior Consent Required?

The current guidance from the ICO states that consent to cookies can be obtained after processing has begun. The UK authorities base their advice on the fact that the word ‘prior’ does not appear in the EU directive upon which the UK law is based. However, the Article 29 Working Party – which advises the EU on data protection issues – disagrees and claims that prior consent must be obtained to make cookie use legal. It will now be necessary for the ICO to provide further guidance to businesses on this issue. This is however unlikely until the new proposed EU data protection law, which should better define consent and its practical meaning, is published by the European Commission later this year.

Dutch Cookie Acceptance Policy

In the Netherlands a new Dutch law requires prior “opt-in” consent before a cookie can be installed or stored on a user’s computer. The language of the proposed law is quite broad and could require website owners outside of the Netherlands to comply with the Dutch law when processing personal data of Dutch citizens. In addition the websites owners would also have to comply with their own local cookie rules, which may be different.

Implementation of Cookie Acceptance Policies

To date only the UK, Denmark, Estonia, Finland, Sweden and the Netherlands have introduced measures implementing the Privacy and Electronic Communications Directive. The European Commission has set a deadline for European companies to create a uniform way for web users to opt out of being tracked by cookies within a year of the previous deadline. The Commission has said it will take action if industry does not standardise opt outs in that time. In the USA no such law exists and website operators are free to place cookies.

Guidance on Cookies and what to do:

Despite this conflict, organisations should check their websites for cookies, remove any which are not necessary and obtain consent as currently advised by the Information Commissioner. Simply doing nothing and waiting is not an option, as this will be taken into account when formal enforcement begins in May 2012.

Sites hosted and operating out of the USA, aimed at UK based users

It is not currently clear whether the law will apply to websites operated or hosted in the USA. However, if a website is aimed at UK users then it is likely that the law will be deemed to apply, although it remains to be seen how any enforcement action could be taken against a US company in breach.

The Conversion Optimisation Toolbox

Conversion Optimisation ToolboxA bad workman blames his tools.  A good workman makes sure his tools allow his abilities to shine. 

Every person who wants to be at the top end of their profession has to have a great set of tools: for a Michelin starred chef it could be the sharpest knives money can buy, for a Premiership footballer it’s boots which employ all the latest performance enhancing technology, for a concert pianist it’s the Steinway or Bosendorfer grand piano.

Conversion rate optimisation is all about a fine blend of science and art, analysing opportunities and finding the most creative solution to help boost a site’s efficiency. It requires a broad skill base, which covers both the creative and analytical aspects of web marketing, and as such, the tools which can help an optimisation project can cover a whole host of areas.

 

Visitor Insight 

As long as commerce has existed, being able to provide exactly what your customers want has been key to  business success. Thankfully the web lends itself perfectly to being able to analyse all sorts of behaviour, allowing us to build a hugely insightful picture of the interaction with the site:

User SurveyKissInsights – Advanced visitor survey tool. Target relevant questions at users in chosen scenarios. Great for finding answers to questions such as ‘what is preventing user from signing up?’ and ‘why are potential customers exiting at this stage of the process?’

4Q – Set 4 simple questions for your visitors and get insightful feedback to help steer improvements to your site. No frills tool which gets actionable data.

ClickTale – Record visitor mouse movements and create heatmaps of user activity on the site. Great for getting insight into how users interact with your site.

Google Analytics – [BBC style disclaimer: other tools are available] The closest thing we have to a ‘standard’ for web analytics, by progressing past the standard reports and get stuck into Advanced Segments and Custom Reports, you can lose yourself for days digging into your visitor, content and referrer data.

crazyegg – Provides some really insightful visualizations of users interacting with your site, from the standard heatmaps through to a referrer by referrer confetti view.

UserTesting – Quick and easy user testing. Get 15min videos of users performing tasks you set and answering questions about your site from a user point of view.

 

A-B/Multivariate Testing

Once the research and analysis is done and the creative variations have been decided on, it’s time for the most important part of the process. Only by testing new variations against the existing versions can you measure the value of the work carried out and get insight for future site iterations on what does and doesn’t work. There are a huge range of tools available to do this, and the choice is usually influenced most heavily by a combination of personal preference and available budget:

Google Website Optimizer – Another free tool from Google. Helps you test and measure the impact of changes made to your site. Easy, intuitive set-up of a/b testing and multivariate testing.

Visual Website Optimizer – marketing itself as a “dead simple test designer”, VWO will allow you to set-up advanced a/b and split testing without the need for a huge amount of technical knowledge or support. Has some great features including the ability to edit content ‘in place’.

SiteSpect – As a more enterprise-level solution, SiteSpect integrates a-b/multivariate testing with advanced behavioural targeting and visitor segmentation.

 

Personalisation

When it comes to strategies, one great way to give your conversion rate a boost is to use the information available to deliver a custom site for the user (based on search keywords, page viewed, referring source etc). By ensuring that the most useful information is displayed to a visitor you can provide a hugely relevant user experience, and thus improve the conversion rate: 

BT Buckets - Used to create user segments (buckets) for the purpose of serving personalised content to create more relevant user experiences. Easily integrates with Google Analytics, AdWords, Facebook and Twitter.

Personyze – Advanced site personalisation tool. Helps to deliver relevant content to users based on a huge range of factors including keyword usage, pages viewed, internal search use, geographic location and visit duration.

 

Miscellaneous 

YSlow – Numerous studies have confirmed what common sense tells us – page load speed affects conversion rates. Time is money, literally. YSlow lets you measure any page either on the site or through a convenient browser extension and will then provide recommendations to help you improve load times (Note: Google has recently launched their Page Speed Service to help sites deliver content in a more timely manner).

Olark – This would cross boundaries in a Venn diagram with the customer insight tools. Olark is a live chat tool which allows you to monitor and engage with customers as they travel through the purchase process. By doing so you can help improve your conversion rate and get an insight into the mind of your visitors (find obstacles etc.).

Notable – Most conversion projects include a number of stakeholders and the involvement of team members with different skillsets (designers, marketers, analysts). This screenshot tool is really useful for annotating webpages in a collaborative manner.

ConceptFeedback – Submit your mockups and design elements for some expert analysis. Useful for getting quick, impartial feedback.

 

So, those are some of the tools and services that I find allow me to get some great results from conversion optimisation projects. It’s always a case of personal preference so it would be great to hear what other people find helps them when carrying out site optimisations.

Online Marketing Salaries – are you above average?

How much do Online Managers earn, and how are the averages trending?

I ran some research and produced a graph using current market average salaries because I was interested to see if, despite the current economic backdrop, the perceived continuing demand for these skills was maintaining salaries , or even increasing them.

Taking 6 popular online marketing job titles and using the analysis tool on “indeed”  (indeed.com is an online job advert aggregator)  you can see below the average salaries  (as of 8th August 2011) – I sorted them into descending order.  To help ensure validity, the job titles chosen each had in excess of 250 jobs contributing to the average. The “personal assistant” title is of course not directly related to online/internet marketing or website creation – I just included it as a “sense check” on the other averages!

online marketing salaries

Online marketing and web development salary trends

Current averages are one thing but how have these moved over time? According to indeed.com (see below) there are some quite interesting trends emerging (and I will revisit this in a few months to see how it all develops. )  The trends are measured against an index of all job titles.

Web Developer Jobs have salaries that appear to be trending gently upwards beyond market averages, arriving at a current average of $80,000. During this time Online Marketing Manager salaries appear to have fluctuated somewhat, especially around Q3 2010 – whatever the reasons for this the averages appear to have now stabilized. There is no doubt that skilled Web Developers remain a hot asset.

In the early days of the internet SEO experts set the pace in the internet talent world – Have they lost their prized status? It doesn’t look like it from the graph and in fact there is a nice uptick in the trend. Today’s SEO specialist jobs are of course no longer just concerned with onsite optimization. SEO experts have become key members of the team, integrating offsite and inbound strategy with onsite strategy, analytics and business targets – perhaps this is being recognized in average pay?

The Social Media Manager’s salary trend is an interesting one – there seems to be a definite slide in average salary level. We could all speculate on the reasons for this… it could be simple supply and demand (with more people “qualified” in social media management entering the market?) or perhaps there has been a recognition that social media management on its own is somewhat narrow and individuals that can take a more holistic view of internet marketing are in demand?

It would appear that even in a labor market as difficult as this  –there are always opportunities for those with the right skills and experience to increase their earning potential.

It’s a picture that we shall return to in the near future…

How to Make Money from your Website

One of the questions that I get asked just about every day is How do I make money from my website?‘ and it’s the sort of question I could spend about a week trying to answer. Just like some of my other favorites like ’how do I get to the top of Google?’ or ‘how do I use social media to market my business’.  So sticking with ‘the make money from website’ question for now, this post attempts to explore this subject in some detail.

Obviously the route for commercialization of a site depends on a hundred different things from what you are actually doing online, the market you’re in, what you are selling (if anything), who your customer or audience is and so on. However brushing over all that trivial stuff for now :-) this post sets out to generally explore some of the ways you can make money from your content online. Please note this is not about straight ecommerce (plenty of that elsewhere on this site) but instead an exploration of how you can make money online without directly selling anything (or website monetization as it’s often called).

So by online content I could be referring to blogs to forums, information websites, video sites and so on but for the purposes of this post I will simply refer to it as a ‘website’. The information below should hopefully be relevant if you are trying to assess the value in your website or help you determine the best way to generate income if you are planning on developing an informational site, blog or forum.

Let’s discuss the principles of what gives any web property commercial value

1) Your Market – Subject Matter, Audience Demographic & motivation of your visitors
Some markets are more valuable than others & some audiences are more valuable than others. Consider the motivation of your online visitors. If someone is browsing the web looking for celebrity gossip and you have a celebrity news blog then chances are this visitor is not particularly valuable as they are just passing time, surfing the web, looking for gossip etc. However if someone is looking for answers to problem like ‘how to lose weight quickly’ or ‘ how to use Google Adwords’ then this visitor is far more commercial and answering their questions with your content also gives you an opportunity to place a relevant advert, an affiliate product sale and so on. These commercial placements are far more likely to convert to a click-through or sale because they are relevant to your content and relevant to the motivation of the visitor. There is a reason why health & beauty are such competitive spaces on the internet. Solving people’s problems can have real commercial value even if you are not directly selling any products.

2) Size & site Authority
The tactic of building focused mini sites (or micro sites) was popular a few years ago when search engines often favored these targeted focused little sites. This is no longer the case with Google now absolutely favoring large sites with lots of quality content, regular updates, lots of user interaction etc. These sites will have better search engine rankings, more traffic and in addition these authority sites have an incredible ability to rank very quickly for any new content that is published on them. A breaking story on CNN will rank on Google within the space of minutes because that site carries such authority with Google that it is constantly trawling the site and re-indexing content.

So commercially speaking more traffic means more commercial value but more targeted traffic means more value still. Greater user engagement also contributes to site value as this suggests visitors are there for a reason and not just finding the site by mistake (advertisers pay more to get their message in front of engaged visitors because it proves they are genuinely interested in a specific subject/market). The ability for new content to rank quickly on search engines is also very commercially valuable (consider being able to rank for the next Apple product on Google on its launch day), this type of power can be used for many commercial benefits.

One of the keys to becoming an authority site is to deliver great quality content that is engaging, presented in the right way, has the ability to generate interest and discussion and provides a vehicle to capture this (e.g blog comments, Facebook integration, forums etc.)

3) Relationships, list & interactions
Site visitors are one thing but the ability to strike up a relationship and communication channel with your site visitors can give you long term commercial value (relationship return on Investment). Building an email list of subscribers for example is a great way to continue to deliver more targeted content to a number of people. Continuing to find out more about your subscribers via surveys and list segmentation etc. will allow you to target segments of your mailing list with tailored content and incorporate some very relevant commercial ads, links etc. within your communications which should convert well if you get this right.

Social media has introduced the opportunity to take this communication and interaction a stage further with Twitter and Facebook creating more dynamic and interactive ways to deliver your content, and actually begin to interact with your subscribers/followers/fans etc.

How to Build Commercial value Online
So if these all things make a site commercial then to increase the commercial value of your site you should be thinking about identifying who your target audience is and making sure you reach this target audience through the web. This comes back to creating the right sort of quality content on your site, providing expert commentary on other things going in your subject area, employing good SEO tactics to give your content the best chance of ranking on Google (for what you know your audience is searching for) and starting to engage in off-site discussions in your subject area. In other words become an authority on your subject by taking about it a lot on your own site and on other relevant sites, forums, blogs and so on (and always linking back to your site from these places).

Continuing to build and grow your site & encouraging user interaction  (e.g. blog comments) and interaction with your social media presences (Facebook, Twitter etc.) can all contribute to your online growth & commercial value of your site.

How to find and access your market – content, keywords, seo, linking building referrals
See our video guide section on Digital Marketing Strategy Development to find out more about how to research your market online & target this market through best practice seo etc.

I get all this so What Next?
So assuming you have a site, a strategy and are working on all of the elements above. How do you actually plug in in the stuff that makes the money? What are the options for website monetization?

Some different ways to monetize your website

Sell Ad space on your site
You can look for companies who are willing to spend money to advertise on your site through banner ads, video ads etc. This approach can often get you better rates than the more automated routes of onsite advertising (discussed below) however it takes time, effort, management and a bit of a sales pitch.

To sell ad space you need to find advertisers who may be interested in the sort of traffic/audience your site is attracting. A few tips you can use to find these potential advertisers are as follows

  • Use Google: Simply search Google for some of the words, & phrases associated with your website content/ subject area and start to look at the Google ads (ads on right hand side of the Google search results). These companies are already paying Google for adverts on a pay per click basis so they recognize the value of online advertising. These companies may be worth targeting with a sales call or email offering them an opportunity to advertise through your website.
  • Another method is to use sites such as www.semrush.com and run a report on your site. It will give you back all sorts of information including a list of advertisers relevant to your site who may be prepared to buy advertising from you. www. alexa.com also has a mechanism to check for sites related to yours that you could target with your sales pitch.

You will want to create a compelling overview of the key metrics of your site in order to give potential advertisers more information on which to base a decision on. This is typically known as a rate card and it would include information such as monthly site visitors, unique site visitors, monthly page impressions and demographic information about your site visitors (you can use sites such as www.quantcast.com to get some of this data)

Monetize your site with Ad Networks
This is a massive topic I am not going to cover in any detail here. There are different tiers of ad networks but getting accepted to the more exclusive, higher paying networks requires your site to be of a certain size and authority. For this reason it’s often easier to start with some of the larger ad networks like Adbrite or Adsense.

One of the most popular ad networks is the Google ad network – Google Adsense. You can sign up as a publisher through https://www.google.com/adsense and effectively set up ad blocks within your website. By simply embedding these ad blocks within your site you can let Google do the hard work for you. Its algorithm establishes an understanding of your content and it dynamically populates these ad blocks with relevant ads from its advertisers (companies advertising through Google Adwords content network). Every time someone clicks through on these ads, Google earns revenue and shares this revenue with you.

Monetize your site with Affiliate marketing
What is Affiliate marketing? It’s basically a mechanism that allows web publishers to place links to merchants’ websites/products and get rewarded when their visitors click through these links and buy a product on the  merchant’s site. Many merchants run their own affiliate program, possibly the best example of this being the massively flexible and sophisticated Amazon Affiliate Program . However the easiest way to find and manage affiliate marketing is typically to go through an Affiliate Network which is acts like a “middle man” making the links between publishers and merchants and providing a management system which handles, reporting, tracking, payments etc.

There are lots of Affiliate Networks but two of the most popular networks are
www.cj.com
www.clickbank.com

There are also new smart tools/Networks which can be used for website Monetization through Affiliate Marketing. The www.skimlinks.com network has the capability to trawl the content of your site and automatically convert relevant links to affiliate links with merchants it is associated with (and there are thousands). This can be a very smart route to quickly commercialize your content without having to find individual affiliate offers, joining different networks, placing links and so on.

CPA Networks
CPA stand for Cost Per Action. So while an action in theory could be the sale of a product (just like affiliate marketing) CPA offers are usually about lead generation. So the ‘action’ would be something like signing up for a free trial or entering a competition. I have heard it referred to as ‘Affiliate marketing on steroids’ which isn’t a bad description. CPA offers change regularly as merchants promote new offers & deals so if you are a web publisher wishing to market CPA programmes you typically need lots of traffic, huge mailing lists or be exceptionally good at buying targeted traffic and converting the traffic to offer sign ups. It’s not for the faint hearted and very much a specialized form of online monetization.

There are lots of CPA networks around. The easiest way to get an overview of all the top networks and find CPA networks & offers relevant to your subject matter is to use the site http://www.offervault.com which allows you to search for CPA offers across multiple networks then apply directly to specific programmes.