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Housewarming gift

I was meeting with a sales professional last week and we were talking about the differences between inbound and outbound marketing. Our conversation wandered into a discussion about how to scale from a from a single craftsman, tradesman or consultant into a salable business model. That’s when it hit me and I realized what the killer feature of inbound marketing really was.

Sleeping fine by betsssssy on Flickr 300x225 Inbound Marketings Killer FeatureMaking Money While You Sleep

Working as a solopreneur can be a great experience. As the saying goes, you can work 80 hours you want! And therein lies the rub: When you are the business, the business only makes money while you’re working. If your revenue stream is tied to billable hours, there is a built-in limitation to the amount of cash you can generate. Furthermore, there is no external value to the business. Except perhaps for the customer list, the business doesn’t exist without the proprietor’s expertise.

The solution to both of those problems is to “make money while you sleep.” In other words, put a system together that does not rely solely on one person’s billable time. Whether that means creating products that can be sold (e.g. books) or some sort of knowledge library (e.g. online webinars) or hiring and teaching others to perform your service, the goal is to perform an action once and then make money from it repeatedly. This will create a business model that is scalable and salable.

iStock 000000942721Large 200x300 Inbound Marketings Killer FeatureThe Gift That Keeps on Giving

Let’s use that same paradigm to compare outbound marketing and inbound marketing. Here’s a list of traditional outbound marketing methods:

  • Advertising: Only effective as long as the advertisements are running, which is to say, “As long as you’re paying for them.” As soon as you stop, the brand awareness may linger but the lead generation stops cold.
  • Direct Mail: The benefits of a direct mail campaign only last as long as the materials themselves. Once the last flyer has found its way to the circular file, the lead generation stops.
  • Cold Calling: Cold calling can only be effective as long as there’s someone working the phones. Stop the calls, and the lead generation stops.

I’m not arguing that these methods aren’t effective, just that they don’t work unless someone is executing the tasks. Once the effort stops, the benefits die off quickly.

Conversely, inbound marketing keeps on working long after the content is created and the Tweets are sent. The blog post lives on, finding its way into search engines and always collecting traffic. The ebooks and presentations continue to be downloaded and embedded across the Internet. In fact, great content spreads geometrically; one Tweet gets re-Tweeted twice and each of those gets re-Tweeted twice more, and so on. A single Facebook Like is seen by several dozen sets of eyeballs. Your content will continue to work at spreading your ideas and your brand day and night, without any additional effort or expenditure on your part.

And that’s the killer feature of inbound marketing: It keeps working when you’re not.

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The Tangled Web: Weekly High Five

Published on December 5, 2010 by in High Five

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The Tangled Web: Weekly High Five

HighFive 300x275 The Tangled Web: Weekly High Five

Weekly High Five lists the most interesting, compelling, and/or useful links of each week.

Weekly High Five lists the most interesting, compelling, and/or useful links of each week.  This week’s theme is “The Tangled Web.” An effective web presence used to mean a well-optimized (for search) web site. But today, the ever-expanding world of social networks is both complicating and simplifying the process at the same time. This week’s links reflect on how social media sites are impacting search and connecting with one another.

#5: Your Income, Home Ownership & Parenthood Status Now Available as an API

RapLeaf has taken some heat over the past couple of months. Privacy concerns for consumers are going to have to be balanced with the openness of the Internet. The U.S. Congress is even making noise about a “Do Not Track” registry for Internet browsers that is similar to the “Do Not Call” registry for telemarketers.

Link: ReadWriteWeb

#4: Facebook Testing New Registration Social Plugin

Facebook is looking to extend its fingers further across the web by providing web developers with more tools to simplify their tasks. By offering a free registration system for web sites, they are strengthening their position as a standard identity provider on the web.

Link: All Facebook

#3: LinkedIn Launches Share Button

I have no idea what took LinkedIn so long, but they have finally created a share button for web site owners to allow users to easily share their content with LinkedIn. Sharing is fundamentally changing the world of search marketing and is eating away at the monopoly search engines have had since the inception of the Internet.

Link: Mashable

#2: Twitter Proven to Impact Search Engine Rankings

In my Personal Inbound Marketing talks, I frequently encourage people to use Twitter as much for the inbound links as for the engagement. In other words, even if you don’t have a lot of followers there is value in posting your content there in the form of search engine juice. This article provides more supporting evidence for that strategy.

Link: Hubspot

#1: Why WordPress rules the Web

Blogs are the engines that drive Inbound Marketing. There simply isn’t a better system for delivering your remarkable content in a search engine optimized format. Here’s another person’s opinion on the subject.

Link: SEO Theory

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Internet Marketing’s New Currency

Published on August 20, 2010 by in Tech Trends

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Hip Piggy Bank

LowRes 300x296 Internet Marketings New CurrencyEverything was so simple then… When search engines ruled the Internet, all we had to do was optimize our web sites to get some love and we’d turn up at the top of the results page. The most effective way to rank highly was to have high quality links pointing to our web pages. These inbound links were the coins that were deposited into our SEO piggy banks. They were the currency of Internet marketing.

Why is this conversation in the past tense?

Because of so-called “walled gardens” like Facebook and iTunes, that’s why.

Earlier this week, I wrote “Search Engine Marketing: I Do Not Think It Means What You Think It Means” in response to Wired magazine’s article, “The Web Is Dead. Long Live the Internet.” Their point was the Internet is simply a collection of pipes that form a content delivery system. The “Web” is essentially HTML sites that do not block search engines. iTunes is an application, not a web site. Facebook is (mostly) private and can’t be crawled by search engines. They are walled gardens.

This means that search engines aren’t as omniscient as they used to be.
…Which means they aren’t as influential in Internet marketing as they used to be.
……Which means that links aren’t as valuable as they used to be.

During JitterJam‘s weekly Creative Coffee session this morning, we were talking about how to identify influencers in social media. As we kicked around various ideas and returned from tangents, one of the ideas that crystallized was that in our brave new world of social media, the coin of the realm is changing from links to people.

In Malcolm Gladwell’s book, “The Tipping Point,” he examines the phenomenon of messages going viral. One of the main ingredients to an epidemic, he suggests, is a set of people with specific gifts:

  • Mavens are “people we rely upon to connect us with new information.”
  • Connectors “link us up with the world … people with a special gift for bringing the world together.” People tend to think of the Internet as a single, enormous, amorphous glob of people when, in fact, it is a series of groups. Connectors act as the information conduits between these groups.
  • Salesmen are the charismatic persuaders.

As we try to establish our own influence online and spread our ideas, we still need to be doing SEO and collecting links. But we need to leave room in our piggy back for the new coins of the realm also; mavens, connectors, and salesmen. They are the ones with the keys to the walled gardens in which search engines are persona non grata.

P.S. If you’re in NH, I encourage you to stop by JitterJam on Friday mornings (8:30 – 9:30) for Creative Coffee. It’s a great forum for idea exchange. Today’s session included Ric PratteMarty WattsMichael ConwayJoe Merrow, and Karen Grimmett.

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Facebook for Businesses Demystified

iStock 000008878542Illustra LoRes 300x259 Facebook for Businesses DemystifiedIf Facebook were a spy novel, the terms of service would be enigmatic documents stored on microfilm and hidden in plain sight in some local library.  The features are like James Bond’s clever gadgets, but are never at hand when needed and lack any meaningful instructions.  How is one to unlock these mysteries and reach that magical transmitter that can carry your message to those 360 million users?  Facebook fan pages are incredibly useful and effective marketing mechanisms, but it can be frustratingly unapparent where to start, what to do, and how to do it.  Lucky for you, I have the secret decoder ring you’ve been looking for.

Why Bother?

Before decoding these mysteries, let’s talk about why anyone should bother in the first place.  I already mentioned fan pages specifically, and there are three major advantages to implementing fan pages over groups and personal pages:

  1. Link Juice – Fan pages are public, whereas your personal profile and its updates are protected, unless you’ve made everything public in your privacy settings.  But even if you’ve done this, the interactions with others is mostly protected, which means that none of the content is indexed by search engines.  The pages contain links back to your site, which create link juice.
  2. Branding – Anyone can create a fan page in your name, whether it’s an employee, a customer, or a competitor.  Even if your company name is a registered trademark, you do not want to be spending your time firing bow-shots and dealing with Facebook support.  Grab your company’s identity so you are in control and do it today.
  3. Analytics – Facebook calls them “Insights” and you can only get them with fan pages.  They give some basic data to do some trending and metric measurement.

In addition to these benefits over Facebook groups and personal pages, I wrote another blog post that contains “7 Reasons to Include Facebook In Your Marketing.”

The Ownership Dilemma

In order to create a fan page, you need to be logged in to a Facebook account.  But whose account and what kind?  Well, that’s the dilemma.  The account that creates the fan page becomes the de facto owner.  Worse yet, the owner of a fan page cannot be changed (at least not right now).  Therefore, it’s not really desirable to create a fan page using your own personal Facebook account.  Therefore, Facebook does offer the option of creating a “business account” which has a number of limitations when compared to a standard, personal account.  Problem solved, right?  As it turns out, not so much if you read the dreaded Terms of Service for business accounts:

You may create a business account if you don’t already have a standard Facebook account.

Please be aware that managing multiple accounts is a serious violation of Facebook’s Terms of Use. If we determine that an individual has more than one account, we reserve the right to terminate all of their accounts.

Maintaining multiple accounts, regardless of the purpose, is a violation of Facebook’s Terms of Use. If you already have a personal account, then we cannot allow you to create business accounts for any reason. You can manage all the Pages and Socials Ads that you create on your personal account.

Please keep in mind that the fans of any of the Pages you administer will not have visibility or access to your personal account or profile. Any actions that you take as a Page administrator on your Page will show the Page’s name as the actor and not your personal name.

Despite the fact that “we reserve the right” does not necessarily mean they will, these warnings are pretty stark and I am therefore reluctant to advise anything other than creating your fan page from your own personal account, as undesirable as that is.  It’s a bit of a mystery why Facebook would offer such a thing as a business account and then virtually assure there is no way to use it without violating their terms of service, but such is life for the time being.

Getting Started

Facebook makes it a little tricky to get the ball rolling, so here’s a quick start guide to get you going:

  1. Go to the Create New Facebook Page link (http://www.facebook.com/pages/create.php).
  2. Select the type of page you want to create and give it a name.  You can choose to keep it private if you’re not quite ready to make it visible to the world.  This is a good option if you’re just trying to protect your brand.
    FacebookFanPage1 300x189 Facebook for Businesses Demystified
  3. Set up the basic information.  Upload a picture (hover your cursor over the picture area and click “change picture”), and make sure it’s square so that Facebook doesn’t auto-crop it.  Click the link under the picture that says “Write something about …” and put in a brief description of your page.
    FacebookFanPage2 300x181 Facebook for Businesses Demystified
  4. Click on the “Info” tab and then the “Edit Information” link.  Be sure to enter a web site and company description at the very least!
    FacebookFanPage3 300x246 Facebook for Businesses Demystified
  5. Click on the “Share” button in the left margin and invite all of your friends who may be interested.
  6. Promote your fan page on other web sites by creating a Fan Box.  This is another frustratingly difficult link to find.  You can begin from the Facebook Widgets page.  There are two options; Fan Boxes and Page Badges.  You can play around the settings for each to configure it as you like.  When you’re done, save it and then you can copy and paste the code in to your web page.
    FacebookFanPage4 300x144 Facebook for Businesses Demystified

Then, go forth and update!  One word of advice; don’t turn your fan page into a content Doppelgänger.  Try to understand how your Facebook audience wants to interact with you and what sort of content and update frequency is palatable to them.  If you’re not sure, ask them.  If they became a fan, they should be happy to offer their opinion on what they want to see from you.  Don’t simply redistribute press releases or link your Twitter stream to your fan page.  Each social media channel has its own character and user preferences and you need to understand and respect them.

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