How to Get a Steady Stream of Profitable Customers Through the Internet My Background Don’t make the same mistakes I have…… 2 Techniques & Strategies 3 More Techniques & Strategies 4 There’s a Sad Truth “Experts” Don’t Talk About 5 Many of the techniques and strategies that make billions for large corporations don’t work for small businesses. 6 Why? 7 Reason #1 Large corporations have more time, money, and resources to commit. 8 Reason #2 Large corporations compete in markets where they must invest in activities with low or unpredictable ROI. 9 The Pareto Principle (aka the 80/20 rule) 10 The Pareto principle In any complex system, a minority of the inputs produce the majority of the outputs. 11 12 In many businesses: 80% of sales revenue comes from 20% of customers. 80% of complaints and headaches come from 20% of customers. 13 Focus of this Presentation How to put the Pareto principle to work in: Your Marketing The Services You Offer The Customers You Do Business With 14 7 Stats that Drive Profit 15 Track these every month: 1. Number of Visitors 2. % of Visitors that become Leads 3. Number of Leads 4. % of Leads that become Customers 5. Number of Customers 6. $ from Online Customers 7. Profit from Online Customers 16 Reputation Marketing The Foundation of Your Online Success is Your Reputation 17 Basic Truths of Reputation Marketing The better and bigger your reputation, the less you have to spend on customer acquisition. 18 Basic Truths of Reputation Marketing The worse and/or smaller your reputation, the more you have to spend on customer acquisition. 19 Basic Truths of Reputation Marketing The less you spend on customer acquisition, the more opportunity you have to make a profit. 20 21 The Ultimate Goals of Reputation Marketing: To spend little to no money on marketing. To have so many leads that you can pick and choose your customers and the services you provide. Reputation Marketing in 3 Steps Not getting customers from the internet? You haven’t effectively established: 1. Who you are 2. What you do 3. How well you do it 22 How to Fish for Customers 23 How Many Fish are in the Sea? Internet Users in US – 2014 Total Population - 322,583,006 279,834,232 Internet Users % of Population with Internet - 86.75% Source: http://www.internetlivestats.com/internet-users-by-country/ 24 80% of Customers Shop Online 25 86% of survey participants have used the Internet to find a local business and 72% prefer to find information on local merchants via search. (WebVisible) 70% of U.S. households now use the Internet when shopping locally for products and services (The Kelsey Group; ConStat). 89% of US internet users search online before they make a purchase, even when the purchase is ultimately made at a local business (HubSpot) Who are you? 26 Who Are You? Be consistent. Always use the same NAP: Name Address Phone Number 27 Common mistakes made with the Name: Adding or removing portions of the name (e.g. LLC or Inc). Changing to a new or similar business name after establishing another name for the same location. Using a name that is already established within the local market. 28 How to Format Your Address: Start by looking how it appears on Google Maps and on USPS.com. Abbreviate the Street Address correctly (e.g. N instead of North, Rd instead of Road). Eliminate unnecessary punctuation. Only use it to separate Address 1 and 2, and City and State. Use the 5 digit zip code. Ex. 8155 SE Deer Creek Ln, Ste B Milwaukie, OR 97222 29 Best practices for phone: 1. Use your main office line. 2. Be very careful using a tracking phone number on your site. I wouldn’t do it. 30 What Makes You Unique and Trustworthy? 31 Trust Signals Trust signals establish credibility and create connections. Who owns the business (family owned, former military)? Are you Licensed, Bonded, and Insured? # of Years your Company has been in Business # of Years your Company has served the Local Community # of Years your Employees have been in the Industry (individually and as a group) # of Customers You’ve Served # of Completed Jobs Industry Schooling and Training Associations (Professional, Fraternal, Alumni, Religious) Awards Reviews (Google, Yelp, Houzz, Angie’s List, BBB) How do you serve your community? Other reasons you should be trusted 32 What services do you provide? 33 What are you fishing for? 34 Knowing your customers allows you to: Simplify your efforts and lower your marketing costs. Speak directly to your target customer. Plan for profit. 35 Who is Your Dream Customer? Who is Your Dream Customer? The products and services they purchase. The cities their properties are in. Property type (e.g. residential, commercial, HOA, golf course). What are their challenges/pain points? What do you help them solve? What do they value most? What are their goals? How much do they purchase? Can they turn into a repeat customer? If yes, what is their Lifetime Value? 36 Your Bread & Butter Customers Who are your Bread & Butter Customers? The products and services they purchase. The cities their properties are in. Property type (e.g. residential, commercial, HOA, golf course). What are their challenges/pain points? What do you help them solve? What do they value most? What are their goals? How much do they purchase? Can they turn into a repeat customer? If yes, what is their Lifetime Value? 37 Your Least Desirable Customers Who are your Least Desirable Customers? The products and services they purchase. The cities their properties are in. Property type (residential, commercial). What makes them undesirable? At what point can you throw them back in the water? How do you get rid of them in a non-confrontational way? How do you keep similar customers away without tarnishing your reputation? 38 Where are the Fish Biting? 39 We’re going to focus on 5 channels where you can find customers. 40 As we review each channel, ask yourself: Is this channel a good fit for your business? How much time and money are you willing to commit to this channel on a monthly basis? 41 The Buying Cycle 3 Steps in the Online Buying Cycle: 1. Research 2. Compare 3. Purchase 42 Channel #1: Direct Traffic 43 Channel #1: Direct Traffic What is it? Visitors who manually enter your website to go directly your site. How did they hear of your company? Through word of mouth, other sites, and marketing pieces (business card, door hangers, postcards, flyers). 44 Channel #1: Direct Traffic What are they doing? Finding out more about your company, services, and pricing. Determining if they can trust you. Deciding whether or not to contact you. Where are they in the buying cycle? Step 2 – Compare & Step 3 - Purchasing. 45 The Cost = Site Costs + Cost to Create and Distribute Marketing Pieces 46 Channel #1: Direct Traffic Is it a fit for your business? Absolutely. 47 Channel #2: Social Media 48 Channel #2: Social Media 49 What are they doing? Socializing Learning Networking Where are they within the buying cycle? Step #1 - Researching 50 3 Myths of Customer Engagement 51 The Corporate Executive Board conducted a study of more than 7000 consumers to determine the best ways to engage customers online. Source: http://blogs.hbr.org/2012/05/three-myths-aboutcustomer-eng/ 52 Myth #1: Most consumers want to have relationships with your brand. 53 Only 23% of consumers said they have a relationship with a brand. Relationships are reserved for friends, family and colleagues. What consumers really want when they interact with brands online is to get discounts. Myth #2: Interactions build relationships. Of the consumers who said they have a brand relationship, 64% cited shared values as the primary reason. Only 13% cited frequent interactions with the brand as a reason for having a relationship. 54 A shared value is a belief that you and your consumer have about a higher purpose or philosophy. 55 Finding a Cause Choose a cause: You truly care about. You can commit to for the long term. That’s relevant to who you are and the services you provide (Don’t be the creepy guy at the party!). Examples for the Green Industry: Green living / water conservation Pet safety Jobs for vets 56 Myth #3: The more interaction the better. 57 No correlation between the number of interactions and the likelihood that they will make a purchase or recommend you to others. Thought leaders promote thoughtfully. They share: Expert advice (from colleagues and their own) Current news Success stories Occasional coupon or discount 58 The Cost = Your Time + Cost of Creative 59 Is Social Media a Fit for Your Business? 60 Channel #3: Referrals 61 Key Stats 62 83% of buyers no longer trust advertising but most trust recommendations from users online (Formstack) 72% of consumers trust online reviews as much as personal recommendations from real people – Search Engine Land, 2012 Restaurants with 3.5 stars on Yelp are 63% more likely to be full then those with just 3 stars – a half star difference! (UK Guardian 2012) Local Search Results Landscaping San Rafael CA #1 – 4 - Yelp.com #6 - 7 – Houzz.com #8 – BBB.org #9 – YellowPages.com Landscaping Concord CA #1 - #3 – Yelp.com #4 – YellowPages.com #6 – AngieList.com #7 – HomeAdvisor.com #8 – BBB.org #9 – Superpages.com #10 – Thumbtack.com 63 Landscaping San Francisco CA #1 and 2 – Yelp #3 – Thumbtack #6 – Houzz #7 – Yellowpages.com Casting a Wide Net 64 Casting a Wide Net There are many places you can go to get citations and listings. These listings: Drive traffic and customers. Contribute to your reputation Convince customers you are the company to work with. Make you more visible in search engines. 65 A citation is a mention of your business name with another piece of business information (phone number, address, website). 66 Check, Fix, Add Follow this quick three step process CHECK, FIX, ADD. 1. Check to see if the listing is there 2. If the listing is there, claim it and fix the NAP if it’s not 100% accurate. 3. If the listing does not exist, create it. 67 Set these profiles up first: Google My Business Google+ Facebook LinkedIn 68 Google My Business 69 Google Places 70 71 There are four primary data providers: Infogroup http://www.expressupdate.com/search Acxiom http://www.databyacxiom.com/smallbusinesses.html Localeze - http://www.neustarlocaleze.biz Factual http://developer.factual.com/contribute-orcorrect-data/ 72 Building Citations/Links Maps: Yahoo! Local - http://local.yahoo.com Bing Maps https://www.bingplaces.com/ AOL Local Search http://yellowpages.aol.com 73 Top Citation Sources for Lawn Services: 1. YellowPages.com 2. ServiceMagic.com (known as HomeAdvisor.com now) 3. SuperPages.com 4. Manta.com 5. BBB.org 6. Thumbtack.com 7. Yelp.com 8. Local.Yahoo.com 9. Angieslist.com 10. DexKnows.com Source: http://moz.com/learn/local/citations-by-category 74 Top Citation Sources for Contractors 1. Servicemagic.com (known as HomeAdvisor.com now) 2. Yellowpages.com 3. BBB.org 4. Dexknows.com 5. Angielist.com 6. Superpages.com 7. Manta.com 8. Local.yahoo.com 9. Thumbtack.com 10. Facebook.com 75 Top Citation Sources in San Francisco, CA 1. Yelp 2. Citysearch 3. Yahoo Local 4. Facebook 5. SF Gate 6. YouTube 7. Superpages 8. Service Magic (known as HomeAdvisor.com now) 9. BBB 76 Your Customers Can Destroy Your Nets 77 Best practices for referrals: Set up as many listings and citations as you can. Most are free or have free options! Ask for reviews from trusted customers. Build them slowly over time with customers that are already engaged in that community. Monitor your reviews and respond publicly to negative ones. Review sites will notify you when you’ve been reviewed. 78 Channel #4: Search Engines 79 Referrals and search engines can produce a high volume of quality traffic, but getting the best spots won't happen overnight. 80 Reputation Marketing How long it takes to succeed depends on: 1. How established your competition is 2. How wide you cast your net 3. How much effort you put into building your reputation 4. How often you upset the fish 81 What are keywords? Keywords are the phrases that customers use to research and select a product or service. 82 Key to Success Pay attention to the terminology (aka keywords) customers use as they search online. 83 Short vs Long Tail Keywords The keywords phrases you want to rank for are: Reflect who you are or what you do. 2-5 words long. 84 Choosing Your Keywords Step 1: Write Down The Services You Provide 85 Choosing Your Keywords Step 2: Use the Google Adwords Keyword Planner to find keyword phrases that customers use. https://adwords.google.com/KeywordPlanner 86 Choosing Your Keywords Step 3: Choose keywords for each service. Does it accurately reflect who you are or a service you provide? How many people are looking for it? Are there any similar keyword phrases that are for the same service? How many people are looking for it? 87 Step 4: Use these keywords on your site. The more time you invest in keyword research, the wider you can cast your net. 88 Channel #5: Paid Advertising 89 Common types: PPC (Pay Per Click) Graphic Social Media Advertising (Facebook, LinkedIn, Twitter) 90 91 Getting Your Money’s Worth Out of Pay Per Click: Start with Google Adwords Focus on keywords that are for your most profitable services Keep an eye on how much it costs per Lead? Per Customer? 92 Avoid advertising that makes you pay for impressions: The average click-through rate of display ads is 0.1%. (Source: DoubleClick) Only 8% of internet users account for 85% of clicks on display ads (and some of them aren't even humans!). (Source: comScore) 93 Which Channels are a Fit for Your Business? 94 The only services I would pay for: Professional design Activities that generate Leads (mainly PPC) 95 Most of what I’ve shown you here is free if you’re willing to put in some time. How much time? 12-25 hours up front. 15-60 minutes a month. More for social and content marketing. 96 Building a Site that Converts 97 Your site has .2 - 5 seconds to answer these customer questions: Can I trust you? Will I waste my money? Are you easy to do business with? 98 What’s wrong with this picture? 99 100 Keep it Simple! Your Site Exists to Convert Visitors into Leads. 101 Building an SEO friendly site: Identify the keywords that reflect who you are and what you do. Create one page for each service. 102 103 Do: Titles: 55 characters Description: 115 characters Company name and main keyword on homepage Appeal to both search engines and target customers. 104 Don’t: Skimp on design Don’t overdesign Duplicate text (from other sites, within your site) Steal images 105 Site Checklist 106 Your phone number (60% of local business websites don’t have their phone number on them! – BIA Kelsey 2012) Contact form above the fold The areas that you serve Associations/BBB credentials Testimonials Consumer ratings/reviews Promos/online discounts The services you provide (create one page for each service and link to it from the homepage) Before & after pictures of jobs Pictures of staff (About Us page) Get Your Net in the Water! Track these every month: 1. Number of Visitors 2. % of Visitors that become Leads 3. Number of Leads 4. % of Leads that become Customers 5. Number of Customers 6. $ from Online Customers 7. Profit from Online Customers 107 Recommended Resources Marketing Conversion http://www.thesaleslion.com/ http://conversionxl.com/ http://blog.hubspot.com/ Search Engine Optimization http://moz.com/blog http://searchengineland.com/ Persuasion http://socialtriggers.com/ 108 Social http://www.socialmediaexa miner.com/ Internet Marketing Toolkit 109 Questions, Need Help, Want this Presentation? Email me: Ryan.moore@horizononline.com 110