Tag Archive | "Online"

My Best Free Training Resources To Help You Start An Online Business

On this page you will find direct download links for every significant free training resource I’ve created in the past decade to help you start and grow an online business. I recommend you bookmark this page as there is more here than you can get through in just one sitting. Blog Profits Blueprint Here are […]

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The E-Commerce Benchmark KPI Study: The Most Valuable Online Consumer Trend of 2018 Revealed [Video]

Posted by Alan_Coleman

The latest Wolfgang E-Commerce Report is now live. This study gives a comprehensive view of the state of digital marketing in retail and travel, allowing digital marketers to benchmark their 2018 performance and plan their 2019 strategy.

The study analyzes over 250 million website sessions and more than €500 million in online revenue. Google Analytics, new Facebook Analytics reports, and online surveys are used to glean insights.

Revenue volume correlations

One of the unique features of the study is its conversion correlation. All website metrics featured in the study are correlated with conversion success to reveal what the most successful websites do differently.

This year we’ve uncovered our strongest success correlation ever at 0.67! Just to give that figure context: normally, 0.2 is worth talking about and 0.3 is noteworthy. Not only is this correlation with success very strong, the insight itself is highly actionable and can become a pillar of your digital marketing strategy.

And the stand out metric is (drumroll, please!)…

Number of sessions per user.

To put it plainly, the websites that generate the most online revenue have the highest number of sessions per user over 12 months. Check out the video below to get a detailed explanation of this phenomenon:

Video transcript available below

These are the top factors that correlated with revenue volume. You can see the other correlations in the full study.

Click to see a bigger version

  • Average pages per session (.37)
  • Average session length (.49)
  • Conversion rate by users (.41)
  • Number of sessions per user (.67)
  • Percentage of sessions from paid search (.25)

Average website engagement metrics

Number of sessions per user Average pages per session Average session duration Bounce rate Average page load time Average server response time
Retail 1.58 6 3min 18sec 38.04% 6.84 1.02
Multi-channel 1.51 6 3min 17sec 35.27% 6.83 1.08
Online-only 1.52 5 3min 14sec 43.80% 6.84 0.89
Travel 1.57 3 2min 34sec 44.14% 6.76 0.94
Overall 1.58 5 3min 1sec 41.26% 6.80 0.97

Above are the average website engagement metrics. You can see the average number of sessions per user is very low at 1.5 over 12 months. Anything a digital marketer can do to get this to 2, to 3, and to 4 makes for about the best digital marketing they can do.

At Wolfgang Digital, we’ve been witnessing this phenomenon at a micro-level for some time now. Many of our most successful campaigns of late have been focused on presenting the user with an evolving message which matures with each interaction across multiple media touchpoints.

Click through to the Wolfgang E-Commerce KPI Report in full to uncover dozens more insights, including:

  • Is a social media engagement more valuable than a website visit?
  • What’s the true value of a share?
  • What’s the average conversion rate for online-only vs multi-channel retailers?
  • What’s the average order value for a hotel vs. tour operator?

Video Transcript

Today I want to talk to you about the most important online consumer trend in 2018. The story starts in a client meeting about four years ago, and we were meeting with a travel client. We got into a discussion about bounce rate and its implication on conversion rate. The client was asking us, “could we optimize our search and social campaigns to reduce bounce rate?”, which is a perfectly valid question.

But we were wondering: Will we lower the rate of conversions? Are all bounces bad? As a result of this meeting, we said, “You know, we need a really scientific answer to that question about any of the website engagement metrics or any of the website channels and their influence on conversion.” Out of that conversation, our E-Commerce KPI Report was born. We’re now four years into it. (See previous years on the Moz Blog: 2015, 2016, 2017.)

The metric with the strongest correlation to conversions: Number of sessions per user

We’ve just released the 2019 E-Commerce KPI Report, and we have a standout finding, probably the strongest correlation we’ve ever seen between a website engagement metric and a website conversion metric. This is beautiful because we’re all always optimizing for conversion metrics. But if you can isolate the engagement metrics which deliver, which are the money-making metrics, then you can be much more intelligent about how you create digital marketing campaigns.

The strongest correlation we’ve ever seen in this study is number of sessions per user, and the metric simply tells us on average how many times did your users visit your website. What we’re learning here is any digital marketing you can do which makes that number increase is going to dramatically increase your conversions, your revenue success.

Change the focus of your campaigns

It’s a beautiful metric to plan campaigns with because it changes the focus. We’re not looking for a campaign that’s a one-click wonder campaign. We’re not looking for a campaign that it’s one message delivered multiple times to the same user. Much more so, we’re trying to create a journey, multiple touchpoints which deliver a user from their initial interaction through the purchase funnel, right through to conversion.

Create an itinerary of touchpoints along the searcher’s journey

1. Research via Google

Let me give you an example. We started this with a story about a travel company. I’m just back from a swimming holiday in the west of Ireland. So let’s say I have a fictional travel company. We’ll call them Wolfgang Wild Swimming. I’m going to be a person who’s researching a swimming holiday. So I’m going to go to Google first, and I’m going to search for swimming holidays in Ireland.

2. E-book download via remarketing

I’m going to go to the Wolfgang Wild Swimming web page, where I’m going to read a little bit about their offering. In doing that, I’m going to enter their Facebook audience. The next time I go to Facebook, they’re now remarketing to me, and they’ll be encouraging me to download their e-book, which is a guide to the best swimming spots in the wild west of Ireland. I’m going to volunteer my email to them to get access to the book. Then I’m going to spend a bit more time consuming their content and reading their book.

3. Email about a local offline event

A week later, I get an email from them, and they’re having an event in my area. They’re going for a swim in Dublin, one of my local spots in The Forty Foot, for example. I’m saying, “Well, I was going to go for a swim this weekend anyway. I might as well go with this group.” I go to the swim where I can meet the tour guides. I can meet people who have been on it before. I’m now really close to making a purchase.

4. YouTube video content consumed via remarketing

Again, a week later, they have my email address, so they’re targeting me on YouTube with videos of previous holidays. Now I’m watching video content. All of a sudden, Wolfgang Wild Swimming comes up. I’m now watching a video of a previous holiday, and I’m recognizing the instructors and the participants in the previous holidays. I’m really, really close to pressing Purchase on a holiday here. I’m on the phone to my friend saying, “I found the one. Let’s book this.”

Each interaction moves the consumer closer to purchase

I hope what you’re seeing there is with each interaction, the Google search, the Facebook ad which led to an e-book download, the offline event, back online to the YouTube video, with each interaction I’m getting closer to the purchase.

You can imagine the conversion rate and the return on ad spend on each interaction increasing as we go. This is a really powerful message for us as digital marketers. When we’re planning a campaign, we think about ourselves as though we’re in the travel business too, and we’re actually creating an itinerary. We’re simply trying to create an itinerary of touchpoints that guide a searcher through awareness, interest, right through to action and making that purchase.

I think it’s not just our study that tells us this is the truth. A lot of the best-performing campaigns we’ve been running we’ve seen this anecdotally, that every extra touchpoint increases the conversion rate. Really powerful insight, really useful for digital marketers when planning campaigns. This is just one of the many insights from our E-Commerce KPI Report. If you found that interesting, I’d urge you to go read the full report today.

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Here Are All The Best Free Training Resources I Released To Help You Start An Online Business

As you may know if you’re on my email newsletter, my flagship course Blog Mastermind 2.0, is closing on October 1st, 2018. This is the final year I am running group coaching sessions, so I wanted to make sure if you joined Blog Mastermind before the closing deadline, you still have the chance to talk to me […]

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How the hospitality industry should approach online reviews and citations

Looking for more positive reviews? Here are some smart ways to build citations and reviews plus tips to boost the visibility of businesses in the hospitality sector.



Please visit Search Engine Land for the full article.


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Graham Cochrane: From Food Stamps To Making As Much As $75,000/Month Teaching People How To Mix Music Online

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Graham Cochrane is the creator of TheRecordingRevolution.com, a blog and teaching business focused on helping people learn how to produce and mix music. At the time of this interview, Graham had topped $ 600,000 a year in revenue, primarily from the sale of […]

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7 Most Attention-Grabbing Words to Use in Your Online Marketing

Words are powerful. For marketers, they can mean the difference between successful conversions or a failed campaign. Certain words can pique a customer’s attention while others might repel them. So what words have the most power to get people interested in what you have to offer?

7 Words That Will Grab the Attention of Your Customers

1. Free

People love to get free stuff, so it’s no surprise that “free” is one of the most persuasive words in the English language. It’s often the primary factor in what product a customer chooses.

While the word can help with conversions, be mindful that it will also attract those who prefer bargains, and this might not be the type of customers you want. Instead, use it as a way to draw attention to your business, maybe by offering free guides, seminars, support, information, etc.

2. You

Using the word “you” in your marketing can be as attention-grabbing as calling someone by their name. It personalizes your message and helps you to quickly connect with your customers.

You can use this personalization to great effect in your email marketing. Make it more effective by developing distinct lists for your products and the customers who would prefer them. Integrate “you” in the message for a more personal touch.

3. TryImage result for 14-day trial

If your product is new to prospective customers, they’ll likely need time to decide on whether they want to buy it. Using the word “buy” can seem aggressive and could make the customer feel pressured. A better word to use is “try” since it’s non-threatening, but can still motivate people to act.

Give your customers a little push by encouraging them to try your product or service first. Offer a 14-day free trial period to test drive your brand or send them samples so they can know exactly what to expect from you.

4. New

When it comes to marketing, people prefer a recognized (or old) brand but love “new” products. This is due to the novelty aspect of an experience. It activates the brain’s reward center and is a great way to keep customers alert and interested.

You can keep your customers engaged by refreshing your website’s design or changing your product packaging. Add new features or find a different way of sending a message or making an offer. Your customers will be interested even in something as simple as a new background color for your ad.

5. Now

Delayed gratification has no place in marketing. Most customers want things immediately. So it’s no surprise that “now” is among the most powerful words in marketing. The word easily evokes your fear of missing out and pushes you to action. Your brain also gets all fired up as it imagines the rewards it will soon be receiving.

Make the most of the word and use it in your headlines, email subject headings, and calls-to-action. Boost the chances of instant conversions by making easily realized promises, like giving customers “Access Now” to services or by giving direct instructions on what they should do (Subscribe Now! Shop Now!). You can also use the word “instant” as it provides the same effect. In some cases, it might even generate a more powerful response.

6. Best

Image result for best selling

People love knowing which items or services are popular, especially when it appears to come from word-of-mouth. This is why consumers look for best sellers or are interested in the best products that a company has to offer. It also gives the impression that many people have already bought the product and had good results.

7. Easy

People want products or services that will make their lives simpler and easier. Use this adjective to call attention to the fact that your product will make things easy for them. Easy is also a very positive and encouraging word to customers.

Make the most of the word by using it to emphasize how easy your product is to use or operate. You can also interchange easy with other adjectives like “simple” or “hassle-free.” But be careful since the former tends to generate a simple response while the latter could cause customers to just focus on “hassle.”

And the Runner Up is…

If those seven words are the winners, then “sale” and “tips” are the runners-up. Sale is actually the granddaddy of advertising words. After all, who doesn’t love a good sale? The word also has the power to motivate customers into buying something. Meanwhile, customers love to receive suggestions on how they can do things better. This is why emails or blog posts with tips about a product or service are always appreciated.

Conclusion

You have to grab your customer’s attention if you want to win in digital advertising. These seven words are simple and can easily be included in any ad or conversation, yet they are powerful enough to generate interest among consumers. Learn to use them in the proper context and improve your online marketing.

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The Truth About Traffic: What The Experts Won’t Tell You About Growing Traffic To Your Online Business

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] I was up one evening recently thinking about the marketing campaign I was about to begin for my new company InboxDone.com. Having studied and practiced many different ways to get traffic to an online business over the years, I feel there is one […]

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The Truth About Traffic: What The Experts Won’t Tell You About Growing Traffic To Your Online Business

 [ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] I was up one evening recently thinking about the marketing campaign I was about to begin for my new company InboxDone.com. Having studied and practiced many different ways to get traffic to an online business over the…

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What ‘Being An Expert’ Really Means Today Online

Recently during one of the live coaching webinars I run for my Laptop Lifestyle Academy members, an important topic surfaced, one that shows up again and again as a common excuse for someone to NOT start a business. In fact, it is so common I’ve already addressed it once before,…

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Jayna Dall: How To Turn Kids Lesson Plans Into A $250,000 A Year Subscription Revenue Online Business

 [ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Jayna Dall started a website that offers teachers downloadable curriculum for teaching children acting classes. At the time of this podcast recording, Jayna’s business had turned over $ 250,000 in the previous year, a fantastic result for a…

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