Search Marketing Value Proposition
Setting aside the strict definition of "customer
value proposition," there are three stakeholders who benefit from search
marketing activity—and it pays to consider the (ulterior) motives of
each:
- 1. Search Marketing Consultants
- Earn income from their interdisciplinary expertise in information
retrieval, online advertising, economics, and web technology. Online is the
fastest-growing advertising medium in history. In 2006, $0.40 of every
online advertising dollar was spent on search marketing.1
This growth trend motivates additional search marketing consultants (of
varying skill levels) to enter the field.
Know Your Conversion Rate!
You can lead a horse to water… There's a big difference between
driving qualified leads to a website and getting website visitors to
register, or pay, or comment, or whatever it is you're hoping they'll do. Ad
budgets are wasted when leads are driven to a website that cannot produce
conversions at an acceptable rate. Rates vary by industry, product, and
measurement method—you should know your actual and expected
performance before undertaking any online marketing activity.
- 2. Search Marketing Customers
- Marketing managers, communication strategists, and business owners who
invest in search marketing derive one primary benefit:
increased search-referred leads
Search-referred guests are coveted because visitors arriving via web
search are qualitatively different than audience arriving via other
means…
- Search leads are better-qualified than other visitors.
Search-referred users are actively seeking your product, service, or
content in the moments when they formulate a web search query and click
through to your website. ComScore research [sponsored
by Google] finds that search-referred leads convert very
well.2
- Lowest cost-per-lead. Search marketing often provides the lowest
cost-per-lead relative to other advertising methods employed in the same
campaign.
- 3. Web Search Engines
- Search marketing generates direct income for web search vendors in the
form of pay-per-click and paid inclusion programs, and the vendors benefit
indirectly as well. Search marketing increases the supply of indexable,
accessible content on the web, compelling the use of… web search
sites. Search marketing activity increases revenue for contextual
advertising programs (such as Google AdSense) by adding to the inventory and
quality of the pages available for syndication. Best of all, these indirect
benefits cost the web search vendors nothing. No wonder they're so generous
in their support of the search marketing community!