I wish I had a dollar for every home business owner who has told me they’re good at everything… but marketing. The good news is that you no longer have to be "good" at marketing. Thanks to the latest online breakthroughs, your marketing system can actually be set up to run itself. All you have to do is put that system in place, and consistently add content every so often.
Here are seven key components of any successful online marketing campaign, using the latest online technology.
1. Banner Ads & Classifieds
Banner ads are, for the most part, old-think when it comes to the Web. And they’ve gotten a deservedly bad name as they turn ten years old; most have never produced more than a 0.2 to 0.3 percent click through rate for advertisers. All that has now changed, thanks to “rich media.”
These are banners or any kind of media that have been enhanced with animation or video. They’re often streamed live from web sites, so they appear more like tiny television commercials. Or they interact with visitors, enticing them in, rather than just headlining static images and text. Rich media banner ads can be in static positions on web pages, or even inserted into the middle of video clips.
And here’s the great part: Rich media banners are scoring up to five times the click through rate of static banner ads. Like conventional banner ads, they’re sold on a CPM (Cost Per Thousand) basis, or CPA (Cost Per Acquisition) basis, which tends to be cheaper and therefore less available to advertisers. CPA advertisers only pay for actual leads or sales produced from a click-through. Contracts cover ads placed from thirty days up to twelve months.
You can create rich media banners through specific web sites that offer such (run a Google search on rich media banners) or through vendors on sites, such as
www.elance.com, which specialize in farming out design jobs to freelancers.
Do note, however, that static banner ads actually work better in certain environments, where their content has editorial relevance — such as in the margins of blogs, RSS feeds, e-mail newsletters, etc. (I’ve found my own static banner ads in my blog to produce as high as a 9 percent conversion rate, especially when I blog about a related topic.)
Down there with static banner ads, but still worth mentioning, are classified ads. The one significant plus here is targeting. Put a well-worded classified ad in a relevant e-zine, and you could create a small stampede in traffic to your site or blog. (Both banner and classified ads should lead to product or offer-specific landing pages on your site, not just the home page.)
On the other hand, classified ads, especially the free ones, tend to be time consuming to maintain and can produce a real mixed bag when it comes to quality of the traffic. It’s better to stick with paid classifieds that are directly targeted.
2. Viral Videos
A viral video is a mini-movie that your market gets a link to, watches, and becomes so excited about that they pass it along to their friends. Viral videos are responsible for generating a lot of web traffic.
A recent study by The Online Publisher’s Association (OPA) found that of the 66 percent of respondents who had viewed an online video, nearly one-third visited the featured web site, 14 percent requested more info, and an impressive 8 percent bought product. A full 48 percent let folks know what they liked by forwarding the link.
Not only that, potential buyers were willing to spend time with these videos — 39 percent said they’d hang in there for longer than 30 seconds, and a full 17 percent said they’d watch for a full minute or longer. (The average viewing time currently hovers around 21 seconds.)
What makes viral videos really doable right now are free video hosting sites like
www.youtube.com and soon, Google, who is currently beta testing a video upload program. How much traffic? A staggering 30 million videos are seen every day on www.youtube.com, according to
Newsweek. And 35,000 new films are uploaded each day.
Those who choose to find private hosts and attach their own sales message or link to their free online e-zine are getting as many as 2-300,000 names added to their lists.
Getting content together can be as easy as pulling out a home digital video camera for the inspired, or outsourcing the project on sites like
www.elance.com or Googling to find Flash or Quicktime video designers. Just keep it small and simple… that’s what works best.
3. Blogging & E-zines
Yep, you need a blog. And yep, you also need an e-zine. Before you throw your hands up in writing overwhelm, understand something. This is content you will use again and again — and it will work hard for you, creating great reader relationships.
A blog is an online web log or journal that is quickly becoming the chosen web format over conventional, old-fashioned sites. Mainly, this is because the site architecture of a blog is such that search engine robots from Google and Yahoo can find it and index it much more easily and quickly. And because blogs live in a closely networked world where other bloggers send visitors back and forth, and chat about each other. Either way, you’re more likely to get lots more traffic.
Secondly, a recent Columbia University study indicates that 79 percent of the major media find their expert sources and story ideas from reading blogs. And why? In the words of one editor from
Wired, because bloggers have opinions — and that makes for interesting news.
You can nicely build your web traffic and collect names for your e-zine by cross referencing the two back and forth. Include titles of blog posts and direct links in your e-zine; put an e-zine sign-up bonus and box in a prominent place on your blog. (See an example of this on my blog,
www.getknownnowblog.com )
Blogs are still nascent enough that collecting names of those who visit is rough. And that’s where your e-zine comes in, as it makes name collection easier. You’ll want to post frequently on your blog; at least five times per week you need to submit at least a paragraph. But you can do your e-zine monthly or bi-weekly. Simply take a blog story and build it out. Then add related resources, and possibly an ad or two for your products or services. The result will be a dedicated fan base if you deliver consistent, quality content.