Search engine marketing in a recession
Taken from Technology Weekly - March 2009
With marketing budgets being pared back to the barest minimum, where is the best place to spend the few pounds you have left? Judith Lewis argues that right now search marketing is the best place to spend that precious shrinking budget.
When consumers think about purchasing a product or engaging a service, the first place 80% of them finds a new business is a search engine (Forrester Research). This makes ranking in the search listings not only important, but effectively essential. When a customer searches for your business, without a strong call to action or even without a message at all such as this result for Gucci will not bring as many customers, or foster as much trust, in your brand as looking like this Fendi search result.
Currently in the UK search is the number 1 online activity (excluding email & instant messaging). Within the category of search activities, the largest potential audience online currently comes from Google with almost 90% of the search volume being driven by its algorithm (Hitwise, 2009). With over 20 million searches conducted on search engines everyday (NetRatings 2006) the power of search has never been greater.
News and press as well as events and seasonality all play their role in generating search traffic. Events in the media especially tend to lead to an increase in searcher activity. Around the time of the election in the US, “Google trends” was used to predict (successfully) the outcome of the election based on the volume of search queries for each candidate.
By pre-empting some of the triggers for search you can be in a position to capitalise when searchers go looking. Awareness of seasonality, natural search patterns, searcher behaviour and other factors which directly affect your business is therefore essential.
Search marketing can be split in to two distinct categories – paid search (also called PPC) and natural search (also called organic optimisation). These two marketing techniques are often approached separately but work best together. Organic optimisation can drive down the cost of paid search by increasing relevancy and quality score.
The search engine results page (SERP) often displays a number of elements including paid search, paid placement (in Yahoo) video, images, blog search, shopping comparisons, answers, news and websites. Of these most are driven to inclusion by a math formula called the algorithm. Understanding which elements on your web pages contribute to that ranking will help you capture the 80% of people who click on natural results (Google, 2007 at the B2B Debate). Of the remaining 20% who click on paid search, it is important to ensure you are delivering the right creative on the right search and landing them on the right page.
There is a high degree of trust and relevance placed on the organic search results, with people tending to trust natural search results as more relevant than paid results according to Tamar/Tickbox.net in March 2007. That said, Google, Ask, Yahoo and Live/MSN search almost always place some paid results above the natural ones. This could be the result of eye tracking studies published which show the eye is naturally drawn to the top left of the page. By placing adverts here, the searcher is more likely to notice and click on them. For business, this makes appearing in the first slot to capture traffic and attention important.
The budget split on projects involving both paid and natural search is usually 60/40 with paid search getting the greater share of the budget. This is not always the case as some projects benefit more from organic optimisation, especially when universal search elements can be incorporated. Paid search though can drive traffic while SEO (organic/natural search) changes are being made, and can continue to drive traffic through targeted messaging which is much more difficult to control in organic listings. Both paid and organic search have important roles to play in capturing clicks.
Investing a healthy portion of your marketing budget in paid and natural search can reap benefits far beyond this financial year. From increasing consumer trust through to generating online sales, search engine marketing (SEM) is an increasing trend which will benefit your business whether it is B2B or B2C.
Click here to read the article and others like it on Technology Weekly
Posted March 5th, 2009 by acansick | In category Masterpiece News, Online | No Comments yet