Aha!Local University: Overview of Local Online Marketing Techniques
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Transcript of Aha!Local University: Overview of Local Online Marketing Techniques
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Aha!Local University Session One The Online Marke8ng Landscape for Local Businesses
The first in a series of seminars and webinars
about how to market your business online to local
customers
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Agenda
• Marke(ng Channels for Local Audiences > Local Lis(ngs and Local Search > Local Paid Adver(sements > Social Media > Loca(on-‐Based Social Networking > Reviews > Online Coupons > Mobile
• Preview of Upcoming Sessions • Final Thoughts
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Characteris8cs to be Reviewed
• What it is
• Strengths • Weaknesses • Applicability for local marke(ng (strongest and weakest)
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Which Channels May Be Right for You? • What are your goals?
> Finding new customers, or deepening rela(onship with exis(ng ones?
• Which match your audience?
> What is their online behavior?
• Which match your transac(on type?
> Rela(onship-‐based? Casual? Analy(cal? • What is a customer worth?
> Life(me value, including referral value
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Local Lis8ngs Are Everywhere
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Local Lis8ngs Are Everywhere
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Local Lis8ngs Are Everywhere
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Local Lis8ngs Are Everywhere
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Local Lis8ngs Are Everywhere
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Local Lis8ngs: Strengths & Weaknesses
Strengths • Modern replacement to printed
Yellow Pages • Key tool for new client
acquisi(on > How customers now find local
businesses
• 86% of local searchers take ac(on (call or visit) on the results
• Dominate search results pages, diminishing the importance of website op(miza(on
Weaknesses • Suscep(ble to hacking • Limited opportunity to present
your business the way you want • Limited ability to monitor
performance
• Compe((ve environment for top placement
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Local Lis8ngs Applicability for Local Marke8ng
Stronger Applicability • Firms relying on new
customers or with high churn > Restaurants > Retail
Weaker Applicability • Firms relying on repeat
customers
‣ Membership orgs
• Firms servicing areas other than their physical loca(on
‣ Building contractors • High density segments
‣ Den(sts
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Local Pay-‐Per-‐Click & Pay-‐Per-‐Call
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Other Local Paid Ads
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Local PPC: Strengths & Weaknesses
Strengths • Scalable budget -‐ spend only
what you can afford
• Measurability! • Good geotarge(ng or
demotarge(ng (Facebook)
• Delivers searcher to exact page you want > Landing page with dedicated
messaging and offer
Weaknesses • Clicks are sold by auc(on, so
compe((on can drive up cost
• Requires investment in well-‐op(mized landing page
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Local PPC Applicability for Local Marke8ng
Stronger Applicability • Broadly applicable • Firms on which customers
want to do research before approaching
Weaker Applicability • Businesses that are likely to
be visited immediately > Restaurants
• Overcompe((ve PPC segments > A[orneys
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Social Media
• Includes: > Blogging > Microblogging > Video/music/photo sharing
> Life sharing > Many others
• More closely associated with public rela(ons than promo(on > Branding strength, versus driving sales directly
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Social Media: Blogging
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Social Media: Microblogging
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Social Media: Microblogging
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Social Media: Microblogging
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Social Media: Video Sharing
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Social Media: Video Sharing
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Social Media: Video Sharing
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Social Media: Video Sharing
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Social Media: Video Sharing
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Social Media: Facebook
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Social Media: Facebook
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Social Media: Facebook
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Social Media: Strengths & Weaknesses
Strengths • Good PR vehicle
> Messaging delivered directly to people you care about
> You (mostly) control the message
Weaknesses • Not paid media – you need to
build an audience
• Too much promo(on can be viewed as a nega(ve
• Indirect (e from engagement to ac(on
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Social Media Applicability for Local Marke8ng
Stronger Applicability • Businesses that establish
strong rela(onships with customers and community
• Event-‐driven businesses > Food truck loca(on > Changing class schedules
• Businesses that have something to say > E.g.: Posi(on themselves as
experts in their field
Weaker Applicability • Businesses with low-‐
involvement transac(ons > Becomes couponing channel
only
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Loca8on-‐Based Social Networking
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Loca8on-‐Based Social Networking
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Loca8on-‐Based Social Networking
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Loca8on Based Social Media: Strengths & Weaknesses
Strengths • Instant word-‐of-‐mouth
marke(ng
• Easy way to establish a rewards program for frequent customers
• Serve as a form of review site • Very (ghtly targeted
promo(on > Can draw people to your
business that are nearby
Weaknesses • Everything outside of
hospitality > Nobody cares if you check in at
your car dealer
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Loca8on-‐Based Social Media: Applicability for Local Marke8ng
Stronger Applicability • Entertainment and hospitality
> Places where friends join friends
Weaker Applicability • Professional or trade services
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Reviews
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Reviews
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Reviews
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Reviews: Strengths & Weaknesses
Strengths • Provides customers with
‘unbiased’ third-‐party evalua(on of your business
• One of the strongest influencers toward purchase
• Can be recruited at low cost: just ask happy customers for them
Weaknesses • Much of it is outside your
control > Very limited ability to directly
address nega(ve reviews
> We have discovered ‘serial bashers’ and had their reviews removed on Google
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Reviews Applicability for Local Marke8ng
Stronger Applicability • Business-‐to-‐consumer
• Hospitality • Service providers
Weaker Applicability • Business-‐to-‐business
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Online Couponing
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Online Couponing
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Online Couponing
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Online Couponing
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Online Coupons: Strengths & Weaknesses
Strengths • Drives customer ac(on
• Trackability! > Know which channels are
working
> Know which offers are working
Weaknesses • Coupon-‐cu[ers are not your
best customers • Experienced shoppers seek out
coupons > Giving money to someone who
was already going to buy
• Customers become addicted to coupons > The Pizza Hut problem > Long-‐term margin erosion
• May provide nega(ve impact on your brand
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Online Couponing Applicability for Local Marke8ng
Stronger Applicability • Properly defined, they are
broadly applicable > Trade services > Retail > Hospitality > Business-‐to-‐business
Weaker Applicability • Professional services
> Do you want to use an a[orney that offers a coupon?
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Mobile/SMS
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Mobile/SMS: Strengths & Weaknesses
Strengths • Mobile search:
> Ease of administra(on
• Mobile display: > High level of engagement, good
for branding
• SMS: > Over 90% of texts are opened > Provides one-‐to-‐one dialog with
customer > High clickthrough rate (14.1%)
and conversion rate (8.2%)
Weaknesses • Mobile search:
> Op(miza(on required for good ROI
> Op(mized landing pages required
• Mobile display > Ads expensive to create
compared to placement opportuni(es
• SMS: > Require opt-‐in phone numbers
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Mobile/SMS Applicability for Local Marke8ng
Stronger Applicability • Mobile search:
> Broadly applicable • Mobile display:
> Businesses trying to establish strong brand images
• SMS: > Businesses relying on repeat
customers (e.g. spas)
Weaker Applicability • Mobile display:
> Promo(ons requiring specific calls to ac(on (promo(ons, sales)
• SMS: > Businesses with high churn,
targe(ng new customers
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Your Assignment: Which Channels may be Right for Me? • What are your goals?
> Finding new customers, or deepening rela(onship with exis(ng ones?
• Which match your audience?
> What is their online behavior?
• Which match your transac(on type?
> Rela(onship-‐based? Casual? Analy(cal? • What is a customer worth?
> Life(me value, including referral value
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Planned Curriculum
• Local Lis(ngs and Local Search • Local Paid Adver(sements • Social Media • Reviews • Online Coupons • Loca(on-‐Based Social Networking • Mobile
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Final Thoughts
• Slides will be posted online > Link will be sent to meetup.com group and to Twi[er followers
• Please sign in to make sure we have your complete contact info
• Please provide feedback on the meetup.com group site
• Referral gil: Bring another next (me and get a gil!
• Follow us on Twi[er @parallelpath