The Ultimate Search Benchmark Webinar
 

The Ultimate Search Benchmark Webinar

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The Ultimate Search Benchmark Webinar The Ultimate Search Benchmark Webinar Presentation Transcript

  • #123webinar | @webmarketing123
  • #123webinar | @webmarketing123 1. Can I ask questions? 2. Can I have a copy of the slides? Tweet @webmarketing123 or use #123webinar. Yes! Email results@webmarketing123.com. 3. How do I get a live site analysis? Chat us your website and top 2 keywords. FAQs
  • #123webinar | @webmarketing123 3 We are a digital marketing agency focused on demand generation. Search Engine Optimization Website Redesign Paid Search & Display Content Creation Top 500 Fastest Growing Private US Companies.
  • #123webinar | @webmarketing123 1 Map Your Digital Funnel to Revenue Get a Handle on the Digital Path to Purchase 2 Benchmark for Digital Success Identify Weak Areas with a Conversion Analysis 3 Build an Action Plan Outline Next Steps to Organic & Paid Search 4 Get a Live Site Analysis Discover How Your Digital Strategy Stacks Up On the Agenda
  • #123webinar | @webmarketing123 / Map Your Digital Funnel to Revenue In theory, benchmarking is simple. Source: Dictionary.com
  • #123webinar | @webmarketing123 But, it gets complicated in practice. / Map Your Digital Funnel to Revenue
  • #123webinar | @webmarketing123 Especially when it comes to digital. “2/3 of CMOs think ROI will be the primary measure of marketing effectiveness by 2015. But, HALF feel insufficiently prepared to provide hard numbers.” Source: IBM CMO Study, Digital Era Transforming CMO’s Agenda, Revealing Gap in Readiness / Map Your Digital Funnel to Revenue
  • #123webinar | @webmarketing123 So, what’s a digital marketer to do?
  • #123webinar | @webmarketing123 1 Know your digital sales funnel. / Map Your Digital Funnel to Revenue
  • #123webinar | @webmarketing123 Cost of NOT Ranking on Page 1 Click Through Rate (7%, Page 1 average) Visitor to Lead Rate (1-3%, B2B 1 average) Raw Lead to Qualified Rate (15%) Lead to Sale Rate (10%) Monthly Cost of Not Ranking Annual Cost of Not Ranking 71,729 New website visitors 1,793 Leads 269 New qualified leads 27 New deals $2.7M Monthly Revenue $32.4M Annual Revenue 1 Know your digital sales funnel. / Map Your Digital Funnel to Revenue
  • #123webinar | @webmarketing123 Track digital campaigns to revenue.2 It’s not enough to measure leads alone. / Map Your Digital Funnel to Revenue
  • #123webinar | @webmarketing123 Evaluate success by tying digital campaigns to revenue in CRM. 2 Track digital campaigns to revenue. / Map Your Digital Funnel to Revenue
  • #123webinar | @webmarketing123 1 Map Your Digital Funnel to Revenue Get a Handle on the Digital Path to Purchase 2 Benchmark for Digital Success Identify Weak Areas with a Conversion Analysis 3 Build an Action Plan Outline Next Steps to Organic & Paid Search 4 Get a Live Site Analysis Discover How Your Digital Strategy Stacks Up On the Agenda
  • #123webinar | @webmarketing123 Analyze conversion rate by channel. Break down offer types by funnel stage. 1 3 / Benchmark for Digital Success Evaluate digital health 3 steps: Evaluate conversion rate by device. 2
  • #123webinar | @webmarketing123 1 Analyze CVR by channel Organic CVR should not be < 1% Paid CVR should not be < 3.5% / Benchmark for Digital Success
  • #123webinar | @webmarketing123 1 Analyze CVR by channel TIP: Start with Google Analytics “Acquisition Overview” report summary. / Benchmark for Digital Success
  • #123webinar | @webmarketing123 2 Evaluate CVR by device. Mobile should convert at about 30% of your desktop conversion rate. / Run a Site Conversion Analysis
  • #123webinar | @webmarketing123 2 Evaluate CVR by device. / Run a Site Conversion Analysis TIP: Use Google Analytics “Devices” report to compare performance.
  • #123webinar | @webmarketing123 3 Break down offers by funnel stage. Funnel Stage Offer Type Top Middle Bottom Educate prospects on the value of digital marketing & foster thought leadership. Build the business case for why the prospect needs to invest in your product or service. Give the prospect a reason to choose you over your competitors. / Benchmark for Digital Success
  • #123webinar | @webmarketing123 1 Map Your Digital Funnel to Revenue Get a Handle on the Digital Path to Purchase 2 Benchmark for Digital Success Identify Weak Areas with a Conversion Analysis 3 Build an Action Plan Outline Next Steps to Organic & Paid Search 4 Get a Live Site Analysis Discover How Your Digital Strategy Stacks Up On the Agenda
  • #123webinar | @webmarketing123 Identify agreed upon KPIs and start tracking your progress. Build action plan and assign individual ownership with due dates! / Build an Action Plan Benchmark your digital action plan.1
  • #123webinar | @webmarketing123 $ $ $ Qualified Leads (SQL/MQL) Sales Pipeline Opportunity Closed Won Revenue Organic traffic volume. Organic traffic to preferred landing pages. Organic keyword theme ranking. These are metrics are essential. 2 Measure the SEO money metrics. ✓ ✓ ✓ % of keywords ranking for preferred landing pages.✓ Conversion volume and CVR. ✓ But, take it a step further for revenue. / Build an Action Plan
  • #123webinar | @webmarketing123 $ $ $ Qualified Leads (SQL/MQL) Sales Pipeline Opportunity Closed Won Revenue Cost Per Click (CPC) Lead volume Cost Per Lead (CPL) or Cost Per Action (CPA) B2B Brands: Determine lead gen KPIs. 3 Measure the SEM money metrics. ✓ ✓ ✓ / Build an Action Plan
  • #123webinar | @webmarketing123 B2C Brands: Determine profit KPIs. $ $ $ Cost Per Value (CPV) Cost Per Profit (CPP) Closed Won Revenue Cost Per Click (CPC) Conversion volume Cost Per Action (CPA) B2Cs need to take a step past CPA to measure SEM revenue performance. 3 Measure the SEM money metrics. ✓ ✓ ✓ / Build an Action Plan
  • #123webinar | @webmarketing123 / Maximize SEM ROI CPA CPV CPP Cost Per Action Measures a static conversion value. Cost Per Value Tracks the actual value returned with each transaction. Available in Adwords. Cost Per Profit Accounts for profit margin on each product. Requires 3rd party software. The B2C KPI Faceoff: 3 Measure the SEM money metrics.
  • #123webinar | @webmarketing123 ü  B2Bs: Target CPA holds up for lead generation. ü  B2Cs: Maximize profit with Return on Ad Spend bidding. Source: Webmarketing123; 2014 State of Digital Marketing Report 3 Measure the SEM money metrics. Choose the right bidding option for your goals. / Build an Action Plan
  • #123webinar | @webmarketing123 1 Map Your Digital Funnel to Revenue Get a Handle on the Digital Path to Purchase 2 Benchmark for Digital Success Identify Weak Areas with a Conversion Analysis 3 Build an Action Plan Outline Next Steps to Organic & Paid Search 4 Get a Live Site Analysis Discover How Your Digital Strategy Stacks Up On the Agenda
  • #123webinar | @webmarketing123 LIVE SITE ANALYSES
  • #123webinar | @webmarketing123 Schedule a free, 30 minute consultation! Thank you! Let’s Talk! Mike Turner, Director of Business Development e: results@webmarketing123.com t: 800. 619. 1570 Source: Synecore, “10 Examples of Amazing Responsive Design”