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Posts Tagged ‘Content Marketing’

Dare to Compare! Banner Ads vs. TV or other Media

May 9th, 2014 No comments

Last year, Ben Kunz – Vice-President of strategic planning at media agency Mediassociates penned a column in Digiday called, “In Defense of Banner Ads.” Kunz opened with a pithy set of points:

If you believe banners suck, you’re not alone. The poor things are so disparaged that the entire digital industry has repositioned them as display advertising to wipe off the banner stigma.

But the truth is, banner ads work just as well as most other forms of media, which is remarkable given their small size, surrounding clutter and creative limitations.”

In fact, some of Kunz's findings make banner ad results better than most other forms of media, and of course, can be more targeted and thus at a far lower cost.

earth_moon-comparison-wikicommons-cutting-edge-marketing-sales-blog-mhpronews-com

Compare to TV

“Nielsen, the typical U.S. consumer is exposed to 4 hours and 38 minutes of TV a day, about 40 percent of which is commercial time.” Kunz points out that with that giant screen, the response rate is still only .05% for TV. The average consumer sees about 6,600 commercials monthly.

Compare to Radio

The typical adult in the U.S. listens to 1 hour and 23 minutes of radio daily, 2,500 minutes a month, and at 15% of radio being commercials, that's 750 thirty second spots a month. Results?

.013 percent.

No wonder they repeat those toll-free phone numbers, over and over, and over…

Compare to Billboards

Kunz used NY Suburbs in his example, here are his numbers: “…$320,000 for 26 large 14-by-48-foot billboards (for a 50 GRP level). That provides 28.2 million impressions a month.” Response rate? 0.03%.

And Banner Ads?

Kunz states that Facebook ads were running .03%, and that the Direct Marketing Association and Google uses a range from .03% to .09%, with .07% being tossed about as 'typical' by others.

The bottom line is that banner ads would meet or beat TV, radio and billboards.

In an operation such as MHProNews.com, there would be no way to cover the nation with as many manufactured housing industry professionals other media for anything like the low cost of our banner ads.

So while all reports suggest that CTRs (Click Through Rates) stabilized at a lower level than they were some years back, they still compete very well with other forms of media, so sayeth Ben Kuntz!

DC Marketing Pro

Brooke Jordan in DC Marketing Pro, gave her 5 reasons for using banner ads.

1) “…Regardless of measured click-through rates, banner ads still create a favorable attitude toward the ad due to repeated exposure.” (Journal of Consumer Research)

2) Research shows that consumers engage with banner ads more than TV or outdoor ads.  Banner ad CTRs average at 0.07% (Digiday).  TV response rate is 0.05%, according to Nielsen. Outdoor has a 0.03% response rate (Digiday). Radio, which lacks the visual component of the other three media, has a response rate of 0.13% according to Arbitron.”

3.) “Banner ads have the ability to hyper-target by age, lifestyle, and geography better than most other mediums.  Maybe that’s why eMarketer projects the top five sellers of display advertising to generate $18.6 billion in the U.S. alone in 2013, a 20 percent increase from 2011…” 

4) “Video and display advertising are effective at driving a significant lift in site visitation and SEO, even in the face of minimal clicks on ads. (comScore)”

For me – and for most of you – the real hitter was Brooke's point number 5!

5) “It’s all about ROI.  Marketers continue to pour billions into banner ads due the sheer scale and efficiency.  Low CPMs, compared to other media, mean that marketers can afford a high volume of impressions at a relatively low cost.  When you combine the business generated directly by clicks with the “collateral damage” that occurs beyond the click, most advertisers find the investment is worth it.” (Bold emphasis added).

In yet another study, Smartinsights claims CTR rates are around 1 per 1000 impressions.

When Jordan was talking about the “collateral damage,” she is using that as a humorous, positive euphemism for “impressions.” An impression is defined by Wikipedia as:

“An impression (in the context of online advertising) is a measure of the number of times an ad is seen, whether it is clicked on or not. Each time an ad displays it is counted as one impression.”

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In a recent 90 day campaign for a client, we generated over 1.5 million impressions and some 900 click throughs. More important to the client, they grew their outcomes by 14.7%, which made it a good investment.

The exact record of their campaign results: 1,566,675 impressions and 946 click throughs.

A longer term client, the MMHF working with Show Ways Unlimited and the Louisville Manufactured Housing Show, gave us a historic performance track record and testimonial, linked here.

Impression Gold?

Ad-Mays in a report on impression-based advertising stated the following:

  • 52% of Internet users actively respond to banner ads.
  • While 31% of users click on the ad immediately, a large percentage conduct searches for the brand or product, visit the company’s website, or respond through social media. This can be termed “the Silent Click.” 
  • The Online Publishers Association found that after viewing a display ad there was a 50% increase in brand name searches after one week, users spent an average of 12 minutes longer viewing the website, spent 10% more money and higher income audiences were attracted.

The bottom line? Banner ads work and both CTRs and impressions deliver great value. This is why the market is booming!

Looking for a great way to reach the business to business (B2B) market for manufactured housing? Based upon the both external and internal studies, you'd be hard pressed to find a better value that the banner ads, impressions and related campaigns we can create for clients on MHProNews.com. ##

L. A. "Tony" KovachL. A. 'Tony' Kovach ManufacturedHomeLivingNews.com | MHProNews.com | Business and Public Marketing & Ads: B2B | B2C Websites, Contract Marketing & Sales Training, Consulting, Speaking: MHC-MD.com | LATonyKovach.com | Office 863-213-4090 Connect on LinkedIN: http://www.linkedin.com/in/latonykovach 

Content Marketing World!

May 4th, 2014 No comments

We've quoted Sunshine Homes President, John Bostick's memorable saying, “Easy doesn't pay well.” There may be 'easier' ways to market, if you have a big budget than using 'content marketing.' But content marketing has tremendous advantages when it comes to getting organic Search Engine Optimization (SEO). So we have been believers in Content Marketing for years.

Did you know?

content-marketing-world-ad-cleveland-ohio-airport-terminal-cutting-edge-marketing-sales-blog-mhpronews-comContent Marketing is so big, they have their own events. In a recent trip to Cleveland OH, I couldn't help but notice the banner ad which promoted their upcoming Content Marketing World event.

What is Content Marketing?

The Content Marketing Institute uses the following definition:

Content marketing is a marketing technique of creating and distributing valuable, relevant and consistent content to attract and acquire a clearly defined audience – with the objective of driving profitable customer action.

Let's be candid. Industry News, Tips and Views Pros can Use can be seen as a form of content marketing, just as Fox News, MSNBC or other media platforms are a way of attracting certain target audience.

In our case, the content we deliver here on MHProNews.com is specifically designed information for the manufactured housing professional, investor or other aficionados or experts keen on our topics.

Does that mean that the news and views are not real? Not at all! In fact, it is precisely because we share relevant information on MHProNews.com that you and thousands more like you log on daily here. The featured articles on our home page often provide business building tips, inspiration or more.

One example is our website builder/designer, Joe Karn's, who this month sounded off on Creating Marketing Plan.

How can YOU Use Content Marketing?

If you have a website, you should be keen to create relevant content for your target audience!

Did You Know?

Did you know that some websites are better than others at maximizing the SEO power of content marketing? It's true!

For example, there are some 'freebie' websites out there that better for them then they are for you. When you consider the value ofmens_brown_derby_leather_shoes-wiki-commons-posted-cutting-edge-marketing-sales-blog-mhpronews-com your time, you don't want to waste time on a website that could cost you in the algorithms that Google, YouTube, Yahoo or Bing use to decide what ranks higher in an unpaid or 'organic' search result.

Put Yourself in Your Target Audience's Shoes

woman's-red_shoes-wikicommons-posted-cutting-edge-marketing-sales-blog-mhpronews-comBefore you type the first word or take the first photo, or create the first video, think about your desired target audience. Is what you plan to share of value or interest to them? Once you can formulate a message that is meaningful to your target audience, then you are on the path to good content marketing.

For example, our target audience are the MHPros and investors. What do they need to know?

Legal topics –

 

Marketing/Sales – Brad Nelms, Joe Karns, Scott Stroud, Tim Connor, LA Tony Kovach and more.

featured-articles-mhpronews-home-page-cutting-edge-marketing-sales-management-blogCruise the home page, center column, and you'll see the featured articles for this month on topics ranging from events, interviews, management and more. See the graphic from our home page, to see where the featured articles are every month.

Remember, content marketing isn't just using key words to 'trick' a search engine or reader into coming. The idea is to provide REAL Value to the reader, so they will keep coming back!

Certainly, there is more to content marketing than what's noted here, but that's why people charge the bucks for attending the seminars at Content Marketing World.

Think about your target audience(s), and try to provide not just content, but routine content that is of relevance to them. Then, get that message in front of that audience. When you do, over time, you will build an ever larger – and given quality, a loyal – audience that is a win-win for the audience and you too. ##

(Image credits – Content Marketing World = MHProNews.com, Shoes = Wikicommons)

L. A. "Tony" KovachL. A. 'Tony' Kovach ManufacturedHomeLivingNews.com | MHProNews.com | Business and Public Marketing & Ads: B2B | B2C Websites, Contract Marketing & Sales Training, Consulting, Speaking: MHC-MD.com | LATonyKovach.com | Office 863-213-4090 Connect on LinkedIN: http://www.linkedin.com/in/latonykovach 

Is Content Marketing in Business 2 Business Marketing the New King?

October 29th, 2011 1 comment

Entrepreneur recently cited a study by HiveFire, a Cambridge, Massachusetts based internet marketing software company. The topic was fascinating and I believe there was some good takeaways from HiveFire's report. That said, in reviewing the study, it brought to mind the following fabled quote:


"There are three kinds of lies: lies, damned lies and statistics.”  –

Mark Twain

Like many great writers, Mark Twain had the ability to turn a phrase with style and wit.

Let me emphasize that I think there are some good takeaways from the HiveFire research, which we will review and use to springboard to what we hope are GENUINE lessons to be learned that may benefit your marketing. But YOU DECIDE if the you think the analysis summarized below is a cleaver use of statistics.

According to HiveFire, content marketing is the new king.

They arrived at this conclusion having surveyed “nearly 400 marketing professionals about the state of the business-to-business, or B2B, market, and discovered that marketers are retreating from traditional marketing tactics such as search marketing and have made content marketing the most-used tactic in their brand-enhancing tool box.”

According to HiveFire's B2B Marketing Trends Survey Report  twice as many B2B marketers now employ content marketing as they do print, TV and radio advertising.

The firm defines content marketing and it's use in this fashion: “Content Marketing is the creation and publication of original content, such as blog posts, photos, videos, website resource pages, case studies or white papers to enhance a brand’s visibility.”

"Caveat emptor" =  Let the Buyer Beware!

10.28.2011_HiveFire_Marketing_survey_results posted on MHMSM.com


Let me say straight out that we believe in content marketing, advocate it for many Manufactured Housing Industry clients or prospects and practice it routinely ourselves.

Part of what concerns me in the graphic above is there is no mention of social network marketing. One has to live offline and never speak to those who have smart phones or internet connections to think that Facebook, Linkedin, Twitters and rising Google Plus are among the social media tools being used by businesses to do B2B and Business to Consumer (B2C) marketing.

Blogging is inserted by some as a 'social networking tool,' though it crosses from that space into others, and could arguably deserve its own category.

Another missing item in the above chart is the lack of mention for email marketing.

Do you get emails from businesses trying to market their product or service to your operation? If you are online, of course you do. Let us not presume that this and social network marketing are in the only 13% (the 'other') category. I'm not saying they are 'lying,' but who were these nearly 400 companies being surveyed? And isn't the purpose of their white paper to promote the purchase of a software/service that helps some do their brand content marketing? Moreover, isn't content marketing tied closely to SEO Marketing?

Participating at trade show events such as the Louisville Manufactured Housing Show and the Great Southwest Home Show, I'd concur with HiveWire that event marketing has genuine value in our industry and others too.

HiveFire_Marketing_Survey_credit,_Most_important_marketing_objective


Marketing_Challenges_credit_HiveFire_

The same questions apply to the above. If HiveWire surveyed firms who happen to like content marketing, their numbers may indeed be spot on! But the issue is which firms were surveyed, what are the tendencies of those firms, and did they skew the results they would have had if they had used a broader based cross section of the B2B marketing universe?

Hive_Fire_Marketing_credit_trends_survey_Main_objectives


Marketing_budget_dedication_to_Content_Marketing_-_credit_HiveFire

These charts, similar disclaimer/questions above. I know some firms that spend zero dollars on their definition of “content marketing.” I agree that they should be investing in it! More on that below.


Another fact they report of these marketers surveyed is that 79% of the content they share is being shared online. That makes sense. The Internet is the generally the lowest cost way of sharing content.

4 Kings of MarKeting MHMSM.comThe Four Kings of MarKeting

Now, let me share a different perspective, what we will call the 4 Kings of Online MarKeting.

  1. First, Content Marketing is closely tied to SEO marketing. Anyone who is writing intelligently, is trying to use their content to capture a 'regular audience' they hopefully have or create, as well as to attract attention from search engines. Some content may not help your SEO much – as in the example of boldly cut and pasted content that is 'scraped' from other sites word for word without credit – even if it is 'good information.' The quality of the information, the originality of the content makes you look good AND it also has the advantage of improving your SEO over time. While there are SEO tactics like Google Ad words that can be purchased – and at times, is a good idea – and others that can enhance SEO, the bottom line is that good content and good SEO methods should go hand in hand. So Content is a King that ties in with good SEO. Such content is delivered online via traditional websites, CMS websites (Content Management Systems such as Joomla, Drupal, etc.), blogs, etc.

  2. Email Marketing. The Direct Marketing Association (DMA) reports that “email marketing was expected to generate an ROI of $42.08 for every dollar spent on it in 2010. As such, it outperforms all the other direct marketing channels examined, such as print catalogs.” (EmailingMarketing). We recommend email marketing in both B2B and B2C marketing efforts. (FYI, the DMA statistics, and a MerchantCircle survey of over 8,000 local business owners in the US found email marketing cited by 35.8% as a Top 3 most effective marketing or advertising method. These facts are among other reasons I question the HiveFire numbers.)

  3. Social Networking and Blogging: As of January, 2011, Econsultancy reported that

700,000 local businesses have active Pages on Facebook and 60 million Facebook users engage with it across these external sites each month. 70% of bloggers are organically talking about brands on their blog. When you engage the public via blogging and social networking, you can potentially reach tens of thousands to millions of readers in way that impacts them over 5 times more than traditional advertising. When blogging and Social Networking are combined with traditional ads, on or off line, you gain a power that is hard to match.

  1. All other forms of marketing. We do believe there is a place to use event marketing, print, mail, other traditional ads, video (especially online video) and radio.

> What makes the best sense for you and your firm? The right answer requires facts.

> Are you markeing B2B, B2C or both?

> Within those groups, who is your target market and why?

> What are your budgets?

> What are your goals and desired outcomes?

> What is your time line to reach them?

> Do you have time to keep content generation strong, or would you rather outsource your content and online marketing?

You can call my cell at 832-689-1729 or email tony@mhmsm.com with our answers to those 7 questions above to learn more. There is no charge for an initial review, as we only want to serve those companies we believe that can benefit and profit from our services. If we can't serve your needs, we will make recommendations to those who might for your consideration.


Before closing, let me say we will do a periodic series elements from the topics from the 4 Kings of MarKeting in more depth.


I'd also say, one take away from the HiveFire report is this. When looking at ANYONE's claims – including ours – ask questions! Use common sense!


Does the information provide you have a back up source?


Are there similar studies that provide similar results?


Is it purely an agenda driven study or self serving?

In the case of this HiveFire report, while I find it brings up some useful ideas, such as the importance of Content Marketing, it leaves plenty of questions on marketing unanswered. # #


post written by

L. A. 'Tony' Kovach
www.MHMarketingSalesManagement.com  or www.MHMSM.com or www.MHProNews.com 
http://www.linkedin.com/in/latonykovach