VIDEO: The Challenge with Measuring B2B Online Conversions

December 11, 2009

One area of marketing that remains strong despite the economic downturn is B2B search marketing.   However, as we found in our recent B2B web analytics study involving more than 27,000 B2B web sites, most B2B marketers are still struggling to understand which search marketing campaigns are driving their online conversions.

Watch my recent interview with WebProNews to learn more about understanding web analytics and the best B2B online conversion tracking tools.

Ben Hanna Video


Mapping Search Marketing to Reach the B2B Buyer

July 13, 2009

By S. Ryan DeShazer, Global Director of Search Marketing, GyroHSR

What I’ve always enjoyed about being a B2B search marketer is the inherent complexity involved in persuading the business buyer. Not only do communications need to speak to multiple stakeholders to the purchase decision, but those stakeholders typically happen to be pretty intelligent people, holding prominent roles in their organizations. Gimmicks definitely will not work here.

So the challenge to B2B search marketers is in determining how to secure multiple buy-ins from a finite and intelligent group, overcome a lengthy consideration process, while mitigating fears over high costs and risks associated with the transaction.

Nobody said this was easy work.

The trick to maintain your sanity, while delivering positive returns on ad spend is to focus on things that are under your control. In B2B search marketing, that means you have to do things a bit differently than in B2C. To succeed, you must:

1)    Recognize that business purchase consideration cycles aren’t always linear
2)    Let micro B2B conversions show the way
3)    Capitalize on navigational search
4)    Draw qualitative conclusions from quantitative data

Business Purchase Consideration Cycles Aren’t Always Linear

This is huge. B2B marketers tend to over-think programs and believe that their audiences fit neatly into pre-defined, academic categories of Awareness, Consideration, Negotiation, Purchase. In my experience, no B2B transaction actually maps to this type of consideration cycle. B2B transactions follow myriad paths to completion. The only commonality among B2B transactions is that, at some point, a company became aware of another’s offerings and decided to ultimately purchase.

Not very helpful insight when planning a search program. So, what are B2B search marketers to do?

Let Micro B2B Conversions Show the Way

Not everything has to be about the purchase. Introduce a call-to-action that focuses just on the ultimate transaction and you will lose 95% of your potential audience. What is more impactful, is introducing offers or points of engagement that directly address individual stages of the consideration cycle. Think of these as “micro conversions,” or opt-ins that map to earlier consideration.

For example, online ROI calculators can often be the perfect “offer” made to those considering a purchase, comparing alternatives, and attempting to determine the payback period of a capital investment. Provide website visitors with tools to better inform their purchase decision, and engagement with your website and brand will increase. Investigate what your competitive set is doing and see where you can borrow, and best their offers.

Capitalize on Navigational Search

Navigational search, or search terms that are queried specifically to navigate directly to a particular brand’s website, are huge opportunities as well. In our experience, a disproportionately large number of search-driven conversions will come from brand-term queries.

It makes sense too. Anytime there is complexity in the purchase decision process, you can anticipate that a brand preference emerges as the transaction draws nearer. We see evidence of this as search-referred traffic becomes more brand-focused over the life of the visitor’s website touches. In fact, we’ve invested in analytics technologies that specifically help us to investigate and understand the holistic chain of search events that lead to an ultimate conversion.

Clients don’t always like focusing on branded terms as part of their Search programs, but they’re essential to efficiently capturing and converting web audiences.

Draw Qualitative Conclusions from Quantitative Data

Marketing is not formulaic. It cannot be solved by mathematics, nor can it be run by software alone. Human intelligence and oversight are needed in order for marketing to ensure the brand realizes its full market potential. The raw numbers can, however, help to enhance our own understanding of the marketplace dynamics.

What is the search data telling us that we weren’t aware of previously? Have our target audiences responded differently to our messaging than we originally hypothesized? Has our offer failed to entice action? If so, why has it failed? Can we test alternative messaging to see whether it’s the messaging or the offer itself?

Data can lead us to either conclusions or more questions. Where we’re taken to more questions, we follow-up with more hypotheses.

These four insights can help your search programs become far more comprehensive and relevant to B2B audiences. Your efforts and diligence will help round out a more complete view of your market, that in turn can be used to help establish a long-term competitive advantage. Ultimately, you will be engaging and converting more search-referred prospects than ever before.

deshazer Mapping Search Marketing to Reach the B2B BuyerS. Ryan DeShazer
Global Director of Search Marketing,
GyroHSR

Ryan DeShazer is a seasoned digital marketing professional, having served entrepreneurial stints at pay-per-click (PPC) marketing firm Clix Marketing and again as co-owner of interactive boutique NOEINK. His current responsibilities at GyroHSR include developing and advancing the firm’s search engine marketing (SEM) capabilities.


Business.com Earns Click Quality Accreditation

June 30, 2009

Business.com Receives MRC Click Measurement Accreditation
At Business.com, we’re dedicated to providing high quality traffic to our advertisers.

As such, we’re very pleased to announce that Business.com is one of the first four pay-per-click industry leaders, including Microsoft (adCenter and Atlas Media Console), to earn click quality accreditation from the Media Rating Council (MRC) certifying full compliance with the Interactive Advertising Bureau’s (IAB) Click Measurement Guidelines. See our press release here.

The MRC accreditation means Business.com advertisers can be assured that the clicks they pay for on Business.com are generated by real people with a real interest in the product or service being advertised.

Business.com has been an active member of the IAB’s Click Measurement Working Group over the last three years, working with other industry leaders to finalize a clear, standardized definition of a “click” and how clicks are measured and counted, including the identification of fraudulent or other invalid clicks. Published in May 2009, the IAB Click Measurement Guidelines also include auditing and certification recommendation for organizations involved in performance-based advertising.  To earn MRC click quality accreditation, a company must undergo a through MRC-drive audit of its operations and review of the findings by the MRC Audit Committee. Once granted, click quality accreditation by the MRC certifies that an organization has provided full and complete information to the MRC regarding all details of its operation, conducts its processing and reporting substantially in accordance with representations to its clients and in compliance with IAB guidelines, and submits to annual audits of its systems by CPA firms engaged by the MRC.

Suffice to say, receiving MRC click quality accreditation is a lot of work but well worth the effort as part of our commitment to click quality and good measurement practices. While Business.com is one of the very first to earn this accreditation, keep your eye out for more announcements as other leading companies offering performance-based advertising commit to full compliance with the IAB’s Click Measurement Guidelines.


Business.com Conversion Tracking Released from Beta

May 19, 2009

Following a very successful beta test with over 70 participants, we’ve now made Business.com Conversion Tracking available free to all Business.com advertisers.

Business.com Conversion Tracking is now available to all advertisers within the Business.com Account Management System

Business.com Conversion Tracking is now available to all advertisers within the Business.com Account Management System

The most exciting aspect of this launch is we’re now offering a simple, free solution to the “last click” attribution problem I wrote about in our study of B2B web analytics market share. In short, the problem is that B2B advertisers who rely on web analytics solutions which attribute 100% of campaign ROI to the last click before conversion get an overly simplistic, and inaccurate, view of the contribution made by different online marketing campaigns to overall results. And its a problem that’s getting worse as the B2B sales cycle lengthens and business buyers interact with more online advertising before finally purchasing, registering for a free trial, signing-up for an event or otherwise converting. This conversion attribution issue was the second hottest topic (behind Twitter) when I spoke at Mediapost’s recent Search Insider Summit – there’s solid recognition among top brands and agencies that conversion attribution is a problem and that “last click” tools don’t provide the full story.

In essence, Business.com Conversion Tracking punches a hole in the black box of “last click” web analytics, allowing Business.com advertisers to easily see how their Business.com campaigns and keywords are performing to support campaign optimization. We designed Business.com Conversion Tracking to be both extremely easy to implement – 44% of B2B web sites don’t even use web analytics today, and a major reason for this is the complexity of implementing many of the solutions available today – and to work as a complement to existing “last click” or more full-featured web analytics tools. The specific benefits vary by the type of web analytics solution, if any, a company uses today:

For B2B Companies Without Web Analytics

For the 44% of B2B web sites without web analytics today (yes, scary, but its true), Business.com Conversion Tracking offers both clear return-on-investment (ROI) metrics for their Business.com advertising and a very simple 3-step process to implement conversion tracking.

For B2B Companies Using “Last Click” Web Analytics 

For those companies using “last click” web analytics tools like Google Analytics, Urchin Software by Google, Nedstat or others, Business.com Conversion Tracking uncovers data often not available, or incomplete, in these web analytics tools. This includes the ability to monitor the true impact of Business.com campaigns on registrations, quote requests, purchases or other transactions.

For B2B Companies Using Advanced Web Analytics

Advanced web analytics solutions like Omniture, WebTrends and Coremetrics enable B2B online advertisers to track the influence of multiple campaigns throughout the business buying process on eventual conversions. As we saw during the beta, Business.com Conversion Tracking is still very appealing to companies using these more advanced solutions because it takes literally just a few minutes to implement, saves time by making campaign ROI metrics conveniently available within the Business.com account management system and offers a useful check against third-party systems.

To learn more, visit the Business.com Conversion Tracking FAQ page or see the Business.com Conversion Tracking announcement.


Improve Search Marketing ROI During a Recession: Top 10 Insider Tips

May 13, 2009

Last week, I had the pleasure of speaking in Boston at the first stop of Online Marketing Summit’s regional tour. My talk focused on improving search marketing ROI during these challenging economic times.

Rather than cover the standard tactical tips for improving landing page conversion rates or improving keyword research – important topics, to be sure, but also topics which are very well covered across a number of online and offline sources – I chose to focus on encouraging the audience to think beyond simple tactics and concentrate on the big picture ideas that will deliver large, lasting improvements to search marketing performance. I’m sure the fact that I went this route will come as no surprise to anyone who’s seen my presentation on how to think about B2B search marketing.

The OMS team recently posted my presentation to SlideShare so thought I’d share on Business.com’s B2B Online Marketing blog as well. The presentation below will give you some sense of the top 10 tips I offered but there are a number of subtle points which only come out in the telling. If you’re interested in attending one of the OMS regional events to see this presentation live, or any of the other speakers across a range of online marketing topics, visit the Online Marketing Summit web site for more details. For 20% off OMS registration, use Discount Code: business.com20.

Improving Search Marketing ROI During a Recession: Top 10 Insider Tips, Ben Hanna, VP of Marketing, Business.com
View more presentations from onlinemarketingsummit.