I hope you all don't mind me straying from the usual a bit here today. Instead of a specifically SEO-related post, I instead want to tackle a related science, the art of "acquiring" and what that means in marketing.
The Problem - An Outdated Approach
Not too long ago, acquisition simply meant driving mad traffic to your site. We see this in SEO today, and for those of us who have been doing this a while, its a scary reality that we can't seem to shake.
It's as though we have forgotten what we are acquiring all-together -- customers. A while back I read a great acquisition marketing post over on the Clickz blog in which one line really changed my fundamental approach to my job. It reads "Acquisition is about customers not action." W.h.o.a. Think about that for a minute.
When I think back to the most recent webinars I attended, the last books I read, and the tweets that fill my stream, I can quickly recall a lot of information that suggests the majority of advertisers have yet to evolve past "driving traffic." I know this, because when it comes to acquisition marketing, a lot of the material out there addresses these actions: more clicks, more successful form completions, and more purchase conversions.
A lot of today's tactics are stripped down to the action rather than perhaps the most powerful tool marketers have at our disposal -- intent. When it comes to the future of marketing we are all seeing a far more social, and customer-focused landscape. Guess what that means? You better start caring about the intent of your audience, and not just driving traffic into your funnel.
I know what you are thinking, "Well sure, but clearly the more we drive into the funnel, the better off we will be. I mean some of those have to convert, and if we keep a steady flow of opportunities coming in, some of them will shake out." Uhm. Yeah. No. While I think there are times that this sort of "group hug" approach might work (get as many people in there as you can), but in the long term you are going to have a lot of people in the hug that simply can't wait to get away. Let's be honest, that's a lot of wasted love. Okay maybe I took the hug analogy a little too far, but I couldn't help it.
A completely fabricated example of the way acquisition marketing use to be viewed
The Solution- A Change in Perspective
This concept of "customers before all else", is a hard one for data-driven marketers to appreciate at times. It pokes holes in the metrics we report on, it questions the formulas we build our spreadsheets on, and it certainly posits some interesting questions around skill-sets, strategies, and staffing.
My first few years in acquisition marketing revolved around three letter words-- CPC, CPM, CPA, VPV, and so on and so forth. More recently, I've focused my energy on measuring a broader outcome of my daily marketing efforts. I find myself asking questions like "WHO am I reaching?" and "What do THEY want from this engagement?" It really comes down to thinking less about what we need as a company, and more about what do we have to offer.
That's where the fun part begins. When was the last time you looked at your acquisition efforts and graded them solely on the element of customer value? I'm willing to bet most of us are more focused on these words -- branded, informative, captive, trackable, scalable, effective, etc. While also super important, they are very hard to balance with the elements of a campaign that the customer needs.
In a moment of personal transparency I'd like to note that it can sometimes be a challenge for me to manage paid acquisition channels here at SEOmoz. Here, we evangelize the value in moving your marketing efforts toward inbound marketing. What is important to remember is they aren't as polarized as we imagine at first glance. Keeping the customer experience in the forefront of our mind is the piece of string that ties it all together.
So how do we put the customer back in acquisition? What sort of tactics can we lace into our more traditional acquisition efforts to improve the quality standard from "leads" to "customers" and hopefully to "lifetime customers." Below are some questions I like to ask myself when I'm creating new campaigns (used in its broadest sense), to make sure I'm not just hoping to acquire leads, but that I am successful on a grander scale;
- Have I done my research to know who I really should be targeting with my acquisition spend?
- Have I utilized all available behavioral and demographic targeting options, as to ensure I only reach that who fit my product best?
- Have I customized the message to directly answer the need of this customer?
- Have I made the landing page as relevant as possible?
These are a great place to start, and many would say they are the bare minimum you should be doing to make sure your customer acquisition campaigns are performing at their potential. But there is more than just the top funnel experience to consider. Here are a few other questions to ask when creating campaigns;
- Is there cohesion between the multiple campaigns I am running, as to tell a story through my active campaigns?
- Do I have the tracking in place to help me understand how they relate and play off each other?
- What followup sequence can I integrate into this campaign to assure we hold on to the quality leads we capture?
- What feedback loops have I laced into my campaigns to make sure I hear what people want along the way?
- What personal process do I have in place to assess the success of this campaign, to better guide my future decisions?
A much better example of how acquisition marketing should be approached
The Reality of Acquisition Marketing
It's likely some of the latter questions you are less familiar with, and to be fair, it's not totally your fault. These are more difficult, because they involve collaborating with other teams, and additional work on everyone's plate. I mean that's no fun. I hear ya. But trust me, it makes all the difference.
Making sure you have these in place keep you connected with customers, even after you've secured their money. They keep you pushing yourself to improve with your next campaign launch, and in my opinion, they keep us acquisition marketers connected to the larger goals of the company (not just the revenue ones).
Let's be honest guys and gals -- acquiring leads isn't that hard. In fact, depending primarily on your budget, it can be quite easy. The problem is you can't build a sustainable business on leads. You need them to become customers. In fact, I'd go as far as to say, that every single lead I send SEOmoz should have the potential to become our best customer if I am doing my job right. This can be a lofty challenge, but with the right resources, and the right moves, it can also become the standard of which your acquisition team is built.
I'd love to hear your thoughts on the above. Do you think as an industry we are closer or farther from "putting the customer first?"
Marketers should be measured on the lifetime value of the customers they generate. That is the only way that they are completely aligned with business objectives. It is tough to forecast retention of course, but easy to see when there is a problem!
I just finally signed up as a paid customer for recurly, some automatic recurring billing software (that rocks!). It took me over a year to convert!! This involved lots of testing of their platform as well as at least 10 others, reading forums, reviews, seeing their retargeting ads, getting frustrated with our current solution, etc etc etc. While the retargeting ads kept me in the funnel, it was actually their product maturing faster than others that made me convert ultimately.
Here's the thing. Stepping way, wayyyy back. The internet makes research and product comparison super-duper easy. Generating loads of leads is the role of any marketer, but the product can't hide behind sales reps any more, the information lives out there on the web. Great marketers can take the product they have, understand its true strengths and weaknesses, and go to the places where people are conducting research and address those concerns. The act of participating in the product comparison discussion is valuable, appreciated, and so rarely done well. That goes WAY further down the road to building a long lasting, well informed, happy, referring customer than just getting people to fill out webforms.
Great article Joanna!
Joanna, I deeply appreciate that you go broader in this post. I think broader, reflexive posts as this (as well as Rand's posts about the responsibility of SEOs are crucial for the SEO / Inbound Marketing field to grow into an even more valuable and (for some) legitimate sphere.
So thank you for pointing out that it's not about getting clicks but adding value to humans.
Thanks Thomas! You make a great point that the balance of both tactical and strategy posts will help bring Inbound Marketing into more of the spotlight. Many in-house C-level and higher marketers need to see new approaches validated both in actionable tactics, and in the broader sense. I'm glad you liked it!
It all come down to building a better site that can actually do things (or provide information) that your customer wants.. In my opinion you forget to mention one KEY technique we used all the time that will lead us to the solution we are looking for.
QUESTIONAIRE
In all part of businesses logic, this is the only widely held idea that we need to get an input from as many participant as possible , in Software Enginering perspective we do this all the time to know "how user friendly our software" and "how user thinks of our software performance" , and indeed the very same technique can also be used to get the information of "what user wanted from our site" (to have an extremely satisfied customer) :D
My 2 cents
Amen +1
Absolutely! We have run some on-site surveys, and we actually have run quite a bit of surveys with customer feedback as the primary goal. This year at MozCon we had the entire product team at the conference, and set up a customer feedback area, and used all three days to connect with individual customers and work through questionnaires. You guys are spot on - this qualitative data is KEY to making the right decisions. Perhaps I should do a post focused solely on questionnaire best practices -- what to put in them? where to put them? when to take them down? how to data dive into the information?
hmmmmm :)
The fundamental truth of marketing lies in proper customer acquisition. Simply having customers is not enough, customers must be happy with the tool, satisfied enough that they wholeheartedly recommend the tool to others.
Random question #1 (Didn't see it on trial): When people sign up for SEOmoz's pro account, why isn't there a field which asks them how they were referred/who or what made them decide to go through with it.
I notice you have analytics installed which tracks the referrer but you have no way to generate an insight which tells you why people chose to get your product.
Random question #2: If you are adopting a CPA model for your affiliates, why not pay people who refer others to your product using the same CPA model?
Random thought #3: If you had a field which showed the customer's reason why the pro tool was purchased and who was responsible for making them finalize their decision - you can then build an internal database of such people and reach out to them to see if they'd be interested in becoming your affiliate.
Random complex thought #4: You may want to consider taking all your individual profiles on this site and write a program which takes down the job title of each individual (as shown in their profile) and whether or not that individual is a pro member and scrapes the size of their company via an online database and look for correlations. You may even break down the company further by classifying it into agency, client, multi-national etc.
True customer acqusition efforts are built upon the foundation gained by mining the data from current existing customers.
Hey Jey! You make some great suggestions/points that we have played with internally a bit. Ill try to answer in line:
Question #1:We discussed this when we did a rehaul of this page after the free trial launch. Ultimately we went with the best practice of shorter form is better. We were hitting the max in length that we were willing to go to with the form that is currently up. We do have some data around referrer, but are currently working on a much more robust process in which we will sync that data directly with our CRM for advanced (first & last, as well as time oriented) referring data. We plan to test the additional question that hits intent in the form, but we have also collected a great deal of that information when we ran an on page survey a month back. That on page survey gave us a great deal of info around "why did you come today? what were you looking for? were you able to accomplish it? and if not, what stopped you from accomplishing it." You make a great point though, that in-form is a great place to find out more "intent" focused information.
Question #2: I'm a little confused on this one, when you say "people who refer others to your product" who do you mean? Other than affiliates? Let me know what type of people you mean here and I can try to give more clarity around that. :) If you mean current customers, I think Ill touch on what we are doing around that in the next paragraph.
Question #3: Very true! We plan on releasing a program very soon (hoping for end of August) that will collect just such a list of "influencers" and help us both reach out, and incentivize appropriately. We really appreciate when our community spreads our name far and wide, and we want to better be able to thank them and reward them :)
Question #4: Another great idea! We have one of our in-house scientists working on a retention project that takes the profiles, and the peripheral information and connects it in just such a way. We are hoping to learn more about the community member by looking at their title, company, hours spent on SEO, specialities, etc. The key here is to get more of our community filling out their profile 100%. LinkedIn talks a bit about this when they release the challenges they face. You are spot on though that this sort of full-picture profiling is exactly the stuff companies need to do to learn more about the customers already on board, so they can apply information to those considering their service now.
Thanks so much for your thoughts, I really appreciate you sharing them!
Very true!
I think this is the real difference between an average brain and an extra ordinary brain… like average brain think about getting lot of traffic and then expect some on them to convert… but an extra ordinary brain think more than just sales… they understand their product and pros and cons of it and then research and target the audience where the product can be best utilized.
Great brains participate with the customers to build a word of mouth which ultimately bring more sales and more love…!
It's like chess. Great minds think many moves ahead (repeat customers/lifetime value). Average minds focus on what they currently see (traffic).
Joanna
Love the post, and to answer the question:
I think one of the tricky things about the SEO industry, and SEO as a skill - is its been segmented so much into the HOW. The technique. Analytics and all that.
But the thing to always remember (or what I always try to remind myself), SEO is purely the technique side of the coin. Its a technical skill we can leverage to give more exposure to content on the internet, through better rankings etc. Its a technique we can leverage to possibly increase conversions, or CTR, or time on site or whatever.
But that's just it, its purely a technical vehicle to help us arrive at a result. A new customer, a new follower, a purchase.
Good SEO is like having a good tool. But would you use a hammer when you could use a drill? You can on-page optimize crappy content, but its still crappy content.
The magic comes in the correct APPLICATION of the technique of SEO. Using that skill for good or bad. And sometimes in the choice to NOT optimize something, do the client a favor, and tell them its their content or business model, or core message thats suffering - and SEO would be a waste of money for them, really.
Bad business model + SEO = an optimized bad business model.
So, I think hopefully as we learn and do SEO, we always know in the back of our minds, its ultimately not really about the SEO (the technique). SEO is today's manifestation of a technique that is necessary to help great businesses who overwhelmingly please customers succeed.
Excellent comment on the post...
Effectively Targeting Consumers that value your product + SEO + CRO = Larger Stacks of Cash!
Thanks for the post Joanna!
Please don't think twice about delving into this area - it is absolutely what should underpin everything that we do as SEO's.
One of the biggest problems that I encounter is in actually convincing clients that customer acquisition online is NOT about how many people you can drag kicking and screaming down the funnel! It seems there is a huge misconception amongst the business community about this.
I suspect that this misconception may be at the root of the disparity you mentioned between agency (or consultant) SEO and in-house. While it can be a struggle, the fact that someone is paying for your external expertise makes it easier to put your case when they are misinformed, than it might be for an employee. In large companies employees are often expected to follow the agenda that has been set down for them. In smaller companies the degree to which they are empowered to put forward differing ideas and opinions is largely dependent upon the boss' personality and management style.
So in a way, we are charged with the job of refocusing our clients on what made their business work in the first place!
Look forward to seeing more posts 8-)
I think one of the biggest problems with marketing in general is that we have segemented our customer base to the extent that all sense of individuality has been lost. It is important to make people feel as special as they really are - without their decision to use your product or service, you can't exist. At the end of the day, creating an experience that makes each customer feel valued will generate leads.
Only a few things are worse than closing the door on a customer realationship simply because the next person in line might be worth more to you in the short term.
I am starting to see a trend where the only true differentiator between companies and price is the customer service provided. You can buy items anywhere nowadays, but which outlet makes people feel the best about the purchase? With that said, if people are shopping purely off of price then none of this actually matters. :)
I think we can use the data to become more customer-focused.
What does the data tell us about the customer - about their behaviour and what they like?
Viewing data from a customer-focused perspective brings it to life.
Rather than viewing customers as leads, conversions, retentions and churn we should be looking at them (through the data) as people who are having an experience that can enhance in order to engage with them.
Joanna, I'm not sure why there are so few comments on this post. This is probably one of the richest articles posted on this site. Unfortunately, I don't believe most SEOs view themselves as marketers - if we are going to be taken more seriously as an industry we have see our role in a much broader picture. Don't get me wrong I love cracking of open an spreadsheet and staring at statistics for hours to come up with real solutions to web problems that work. But what you wrote here, is a higher calling. Don't just do SEO for SEO's sake!
I have a meeting with my boss this week, to tell him that we should stop doing SEO for a client, because we aren't doing them justice - their SEO budget could be spent in a lot better areas of the site in order to do exactly what you are talking about.
SEO is only one third of Inbound Marketing, when all three parts are working together its a brilliant masterpiece. When done right leads are cheaper, more reliable and easier to aquire. And when a personal relationship is aquired leads turn into multiple leads.
Thank you for posting your thoughts.
Joanna, deeply inspiring stuff (yet again) - variety is the spice of life and you bring such a unique (and diverse) skillset to your posts. More of!
Thanks Richard! I get really nervous posting about these topics here sometimes, I know its not everyone's cup of tea. Thanks for the kind words! :) I have some great ideas for follow up posts, just given the awesome questions/comments/ideas everyone is sharing above! :)
This post says a lot of what I've been feeling in recent memory; internet marketing is a holistic approach that is much less segmented than traditional marketing. Truly, SEOs have to be involved in every step of the marketing funnel, getting prospects there, getting them to stick around, getting them to convert.
I think good marketers are reaching closer to putting the customer first, even if it's done against our will to comply with an update (read: usability/quality and Google Panda).
A very well-written post, and I thank you for your insights.
hey Mitch! I love the holistic approach, and i am happy to see more and more companies adopt it. I am sensing though that the movement is more through agency side than in-house. I am not sure if there is an added level of hierarchy in-house that adds another level of tension, or if agencies are simply set up to see more of the holistic demand that is rising, but it would be interesting to explore that.
Your comment: Truly, SEOs have to be involved in every step of the marketing funnel, getting prospects there, getting them to stick around, getting them to convert. -- is spot on. That is what makes SEOs the person you simply CANT live without, which all equals happier clients and longer contracts :)
Really important list of questions, and I think we SEOs need to ask them even before our first steps, like keyword research. I've seen so many customers take an acquisition mentality and go after the highest-traffic keywords (or the highest-traffic they can compete for), completely missing that those aren't buyer-oriented words. I'd rather have 100 searches that get me 5 long-term customers than 100,000 that get me 25. Traffic costs money.
Retweet and Thumbs up for you. That was a breathe of fresh air.