Actually, it’s probably closer to 1% of your advertising that works, at the most. Your newspaper ad, radio commercial or direct mail piece might reach 100,000 people and if you’re really lucky, it gets you a hundred customers… but you’d only know that if you actually had a way to accurately track the results.
It still amazes me how many business owners spend tens of thousands of dollars on advertising without even trying to figure out what works and what doesn’t.
Most simply rely on asking their customers “So how did you hear about us?” and just make a mental note of which response they get the most instead of actually keeping track of the responses in a spreadsheet or notebook. Of course this also assumes that you can actually get your employees to ask the question on a regular basis and that your customers actually remember how they first learned about you. Fat chance!
There’s really no excuse for it since there are lots of cheap and simple ways to track your offline advertising including coupons, special offer codes, specific website addresses and trackable phone lines or extensions. Yet most of the business owners I meet don’t utilize them or track them properly.
The good news is, on the Internet, EVERYTHING is trackable and testable. You can precisely determine:
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· How many people visit your website · How long they stay on your website · How often they visit · Which pages they look at the most · Where they live · Which website referred them to you · Which keywords they typed into a search engine · How many times your internet ads are shown and how many clicks they got.
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· Which keywords or ads resulted in a lead or a sale · Which headlines work better · Does a button get clicked more if it’s a standard grey button or a colored image button. · What EXACTLY a user does when they’re on your site… You can even get a complete recording of their entire session as if you were secretly standing behind them with a camera!
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Honestly, the amount of data you can capture and analyze is overwhelming. Luckily there are only a few that are critical to monitor on a regular basis.
Adding this tracking functionality to your website is really simple too. All you typically need to do is copy and paste a small snippet of javascript code to the bottom of each page on your website.
The cheapest way to start tracking these statistics on your website is to use Google Analytics since it’s completely Free and is one of the best website analytics tools on the market. You can get a free account thru your existing Adwords administration interface or by going to http://www.google.com/analytics if you are not yet an Adwords advertiser.
Once you create your account you simply enter your domain name and Google will give you the code to paste into your website pages. Check back in 24 hours and as long as your website has gotten some visitors, you’ll be able to see your stats.
We actually have our own analytics tool that we use for our clients that is a lot easier to use than Google Analytics and provides more information in an easier to understand format. We also provide trackable phone numbers that you can use both online and offline to track your response from specific advertisements. If you’re interested in either of these services just email us at tracking@gearedlocal.com
Getting as much qualified traffic to your website is definitely one of the most important factors to your online success but in the same way that just having a website doesn’t do you any good if no one can find it, having a website that doesn’t generate new leads or customers doesn’t do you any good no matter how much traffic it gets. (unless your business model is to get paid when people leave)
Therefore, the other thing you want to make sure you do is to test different variations of your landing pages so you can determine which combination of elements generate the highest number of leads or sales.
Google’s Free website optimizer and the landing page software we mentioned earlier (http://www.landingpagetool.com) both allow you to test any combination of content to find out what leads to the most conversions. You will get a detailed report which shows you exactly which combination of elements worked best.
The elements you should test are:
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· Headline · Font or Background Colors/Typeface · Text Variations · Offer · Guarantee or Discount Offer · Subscription Form & Button Type
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· Sub Headers · Photos · Pricing · Layout · Call to Action · Freebies, Giveaways, Downloads |
Testing is crucial to your success. You should always be testing everything you do. You never know which tiny change can have a dramatic effect on your results. So before you start spending a lot of money to promote your site, you should really make sure that the page you send them to is converting as good as possible. Note: You can still buy traffic to test your page, just keep it throttled down at first.