I have heard the saying and advice that "money is made during a recession" a few different times during my life, but wasn't really sure what it meant. Now going through one of the worst economic recessions in recent memory and having my own business I get to see first hand what that advice means and how it works.
During a recession unemployment rises and incomes fall. Simple economics. Normally this isn't an issue if the average person or business isn't over extended or have too much debt. A family that lives within their means for example can usually survive a short time with one spouse out of work. Businesses are the same way. However what is making this economy particularly bad for both is that as a nation we are way over extended on debt and that goes for both businesses and individuals. With home and stock values falling and unemployment running very high people have to sell things to make ends meet. Bargains are out there.
I know it seems somehow dirty to "take advantage" of people who are desperate, but you need to look at the other side of the coin. This person or business that is selling something needs cash now - not stuff - and while they can't sell whatever it is they are selling for as much cash as they may want, getting no money for it is probably worse. Their economic circumstances actually get better by being able to sell something for cash and you get a good deal. This is happening with houses, stocks, and other things.
So where I am going with this. Well, one thing that also happens during a downturn is that businesses pull back on spending for advertising and marketing. They view it as an expense not an investment; first mistake. During this period all business do the same thing. Those companies that continue to invest in marketing actually get noticed more because so few businesses are continuing to spend that there is less competition against your marketing efforts. In addition, companies that continue to market during a recession can often buy services and ad space cheaper and get a bigger bang for their dollar because they get a larger voice as it is called in the industry. With less competition from other ads the chances their ads are noticed increases.
Those businesses that continue to invest in their growth will not only get a better deal, but also increase their market share. There are still customers with money out there, your job is to find them. Marketing during a downturn helps you do that. Hiding in the hills and hoping for the best is exactly what all of your competitors are also doing. Do you want to be like them or would you rather be prospering? If you chose the later than copying their strategy logically isn't the best idea.
I will repeat how I started this post money is made in recessions. If you invest now you will gain market share, get more for your money, find good deals on both services and ad space and when the economy does turn around you will be flush with cash and new business. Poke your head in the sand and hope for a brighter day tomorrow and you will come out of this with less cash, less market share and weaker business.
Some of the best investments you can make right now is Internet marketing. Also a well written direct response marketing package or online promotion written by an experienced direct response copywriter can have a wonderful return on your investment. If I can help anyone do that please give me a call.
If you happen to be in the Toledo Area there is a fantastic advertising and marketing conference coming up on October 9th, 2009. We have a fantastic speaker, Mark LeBlanc, as the keynote speaker as well as various break out sessions where yours truly will be speaking and presenting on Internet marketing. If you would like to learn more check out the web site for the event.
Here is a new video by Matt Cutts on how Google uses meta tags in search results...
I have had my doubts for a while now that meta keywords tag was used much, if at all, by Google. I know many SEO consultants shared the same opinion. Here is Matt confirming that Google doesn't use this particular meta tag in their search criteria. Over the years I have heard a lot of uninformed SEO "gurus" talk about the all powerful keyword meta tag. I hope this video finally puts to rest this tired myth.
However what I find most interesting about this video is not Matt's confirmation about the meta keyword tag usage, but how Google DOES use the meta description tag. If you put a meta description tag in there Google may use part or all of that to display a description of your web site. I have also known this for a few years and advocate that people write persuasive, direct response, type descriptions. Please note, I didn't say keyword filled-barely readable-pile of crap description. I have read in other places how you should "keyword stuff" your meta description tag. However please notice HOW Matt mentioned Google uses this tag. He didn't say it was used in search criteria, but he did say it might be used entirely or partly as your site description. I think this is an important point so I don't want to lose anyone here. Now to be fair he also didn't say that is wasn't used either, but either way I think there is a better way to use the meta description tag.
Why do I care so much about this tag being used as part of the description for the site? Direct response advertising. The goal of any pay to click ad and search result is to get a real live person to click on your ad or search result. Your only chance to do that well is with a description that entices people that THIS is the web site they are really searching for. I read the descriptions all the time before clicking on the search results and it amazes me how many of them aren't included in a site or terribly written. Remember based on what Matt is saying a user will read this because of where Google displays it and then determine if that description is really enticing enough or persuasive enough to get them to click on the link and actually visit the site. This is where a good direct response copywriter can be his or her weight in gold.
Remember it won't do you a bit of good to have a top ten listing if nobody ever clicks on your search link or very few people do. However if you have a very well written description that utilizes good copywriting and persuasive and direct response oriented language and strategy you might boost the number of people that do click on it. More clicks equals for conversions. The bottom line is improved sales. Don't blow the description meta tag by listening to a half brained, uninformed "SEO consultant" that doesn't know how it is used and tells you to dump a bunch of keywords in there that don't make a lot of sense to a user actually reading the description.
I came across this news announcement this morning about Twitter changing their policies and now allowing advertising. You can read the news release here. I think this is an interesting development for a few reasons. First, some of the most successful advertising on the web has been content based, which means that the the advertiser generally tries to match up ads with the content that is most closely associated with it.
As people read content or search for specific items they are served up ads that relate to what they are reading or searching for in many cases. Most people probably look at this as yet another source of information or products related to what they are doing at the moment. However I am not sure how that would work on Twitter. With so many tweets going on about different topics and different people chiming in at any given time I think it may be more difficult to serve up ads that are relative to the conversation at any given time. In my opinion that may depress the response of those ads. Of course as a direct marketer I never know the answer to these types of questions without actually testing it, but it certainly seems logical that this is a distinct possibility.
In the release Sean Corcoran, analyst at Forrester, said "You can combine research and public relations and CRM and direct marketing in one place, both quantitatively and qualitatively, which is very strong," I agree with this up to his comment about direct marketing. Direct marketing is a very different animal than PR. At the moment I am not sure how he is making the leap that this move by Twitter incorporates direct marketing. In fact, I think that it is the direct marketing element that may be missing from the equation as stated above.
However the concept of linking CRM and PR together is extremely intriguing. Typical CRM data comes from touches with a customer as a the result of delivering a product or service to a customer from departments like sales, marketing, shipping, accounting, etc., but typically not PR. I happen to be of the school of thought that social media is revolutionizing the way we learn about customer wants and needs to be able to gather that information and somehow integrate it into CRM gives a much more full picture of a customer than marketers may have had before.
It will be interesting to see how this change in Twitter actually turns out and what the benefits ultimately become.
If you are one of the people out there experiencing a bit of hard luck right now and need a job then this is a must attend event. Our topic this month is focusing on helping people use social media to land a great job.
Remember most jobs are filled by referral from knowing people who can help you discover open positions and get interviews. Social media will help you take that natural networking process to a new level and help you land that next great job. Program registration is from 7:30 to 8:00 with the program starting promptly at 8:00 to 9:00. The cost is $20 at the door or $15 if you register online at...
I came across this great video on Alan Weiss's blog. It is hillarious and unfortunately way too real for people in my field of Internet marketing and I am sure Alan posted it because of how true it is in all consulting fields.
If you happen to be one of the clients in this video let me ask if this looks any different from our side of the table.
We didn't want to crash everyone's Freedom day celebration known as 4th of July weekend, so we have moved the Social Media Breakfast this month to the Friday after the 4th; therefore the event will be on July 10th this month same place (Elks Lodge in Sylvania Ohio) and at the same time (7:30 to 8:00 is registration. program starts at 8:00) and the same price ($15.00 advanced registration or $20 at the door)Now onto the important stuff, content. This month we chose to put together a program for how to use social media marketing for non-profits.
Let's face it some of the hardest working people are the tireless employees and volunteers of non-profit organizations. This economy stinks right now, which makes these wonderful people have to work even harder to keep from losing ground.We decided that we would focus one entire breakfast on their unique needs for marketing and communication by showing them how to use social media to communicate with their constituency, volunteers, donors, and the community.
These groups have such a great message to tell we hope that coming to our breakfast will help them learn how to tell it better and it in a different channel.This session would be a great learning experience for employees of non-profits, volunteers, and board members. If you fall into any of these categories you should take a morning and come and learn. You will walk away with a unique perspective of how to use this amazing communication channel to tell the world your story.
When: July 10th Time: 8:00 A.M. Where: Elks Lodge on Holland Sylvania in Sylvania Cost: $15 advanced registration$20 at the door.
A few years back there was a survey that came out that cited how many CEO had never accessed the Internet. We have come a long way since those days. B2B magazine came out with this study by Google showing that C-level execs are indeed viewing the web and using it for research.
If these execs are using the web first hand what are they finding when they come to YOUR site? Do they find a web site that is a template or has all kinds of poorly written copy with lots of misspellings in it? Worse do you have a web site up or is it something you "will get around to"?
Most small and medium sized business owners would kill to have 10 minutes to speak directly to a C-level executive. Entire sales books have been written on how to circumvent the "gate keeper" and get those precious few minutes with the C-level executive. When you do actually get in front of them you are pushing your message at them and hoping to interest them enough to ask you for more information or a meeting to discuss it further. Unfortunately pushing your message at anyone is not the best way to get them to remember or take action. How would you like to change that psychology?
According to this study a web site now meets all of these things and more...
Direct Communication: According to this study there is no gate keeper the executive is willing to go and read this stuff themselves. They are not delegating it and they aren't being tricked into going. They are doing it willingly.
Different Psychology: When you reach an exec the old fashioned way by scheming past his gate keeper you are pushing your message at him or her. With web site they are pulling the message to them... totally different psychology and mind set to have your potential buyer in. They are actively involved by clicking and reading their way through your site. They are taking in your message as opposed to trying to repel your message in the old paradigm.
However all of these benefits are lost if you have a poor web site or worse no web site at all. Having a poor web presence is like meeting this executive face to face and being dressed in sweat pants and a dirty T-shirt. Not having a web site is like standing this executive up for a meeting you had scheduled. Most people would never consider doing the either of these so why would you have a web site or no web site that does exactly that?
Assume this exec comes to your site and it is clean and neat as well as being well written. The exec is not immedately offended by the appearance or the copy which means you are starting off on the right track. Now problem two surfaces, what are you doing on the site to get the executive to take action and become a qualified lead?
Most sites do a very poor job at moving the visitors to their web site from casual browser to active prospect. Without your visitor making this critical shift you aren't building leads which isn't going to help your business grow. There are many ways to help your visitors make this shift which I will talk about in a future post.
If you would like to speak to an Internet marketing consultant that understands all of this and can help you and your company take that next step please give me a call today. I will be happy to give you a free no obligation consultation to discuss your project and marketing needs. You have nothing to lose and everything to gain.
Michael Temple - Internet Marketing Consultant, Speaker, and Author. Helping businesses spin the web into gold since 1997!
About Me
Name: Michael Temple
Location: Sylvania, Ohio, United States
I am an Internet marketing consultant, speaker, and author working with companies of all sizes from small businesses to Fortune 500 firms. My areas of expertise include all areas of Internet marketing, copywriting, direct marketing, and public relations.
I am also an adjunct professor of Internet marketing and advertising at Lourdes College, a private 4 year college in Ohio.
