Posts Tagged ‘Niche’

Flock 2.0 Provides Support For MySpace

Thursday, October 23rd, 2008

The new version of Flock, Flock 2.0, offers at least two exciting new features: support for MySpace, and support for Media RSS, a technology that delivers real-time image and video streams in a standardized format.

In particular, Media RSS allows users to receive automatic, timely image and video feeds in both their Media Bar and “My World” page.

Despite its social media innovations, Flock – a browser based on Firefox – remains very much a niche browser. It has only received 6 million downloads in total (3.8 million since its 1.0 release) compared with over 500 million downloads of Firefox.

Source: Sarah Perez, “Flock 2.0 Launches: Adds MySpace, Media RSS, and More”, ReadWriteWeb, October 14, 2008

Do You Need To Be No.1 In The Search Engines To Attract Your Most Qualified Prospects?

Tuesday, October 21st, 2008

Could it be that we don’t really need to get the first spot on the search engine results pages (SERPs) in order to attract our most qualified prospects i.e. the supposed 20 percent of prospects who generate 80 percent of sales?

Well, some research from MarketingSherpa indicates there might be some truth in this…

In a recent study, MarketingSherpa found that certain kinds of search engine users are prepared to wade through more SERPs than one might normally expect. It found that among industrial engineers:

  • 14 percent just looked at the first few results on the first page of results;
  • 39 percent looked at the first page of results;
  • 10 percent stopped looking after the second page of results; and
  • 37 percent looked through more than two pages of results.

MarketingSherpa reckons these findings would be typical of niche searchers. Presumably, anyone highly motivated to find uncommon (i.e. niche) information is more inclined to look through more pages of results than other kinds of searchers.

Given that search engine optimization (SEO) - like anything - comes at a cost, it *may* follow that at a certain point it may no longer be cost-effective to keep striving to become number in the SERPs, simply because niche prospects are prepared to look through more results anyway.

Maybe…

Source: MarketingSherpa, “New Chart: Optimize All Your Web Pages For Niche Searchers Seeking Relevant Results”, MarketingSherpa, October 14, 2008

Economic Downturn: What It Means For Internet Marketers

Tuesday, October 14th, 2008

As mentioned last week, I have a lot of thoughts about what an economic recession or downturn may mean for Internet marketers. A lot of others do as well, and I’ll be occasionally sharing - and commenting on - their thoughts as we start to see the fall-out from the global financial crisis.

One of my ‘hit predictions’ is that customer service will become much more important. Depending on your niche, you may not be able to rely on as many new customers buying from you every day, every week, every month, etc. If so, you’d probably be wise to focus less on generating and converting new customers… and more on satisfying your existing customers and getting them to buy more, and more often, from you.

What’s the best way to do this? It’s with top quality products and services, and great customer service, right? I talked about ‘good’ customer service yesterday, but ‘great’ customer service is what brings the kind of customer loyalty and repeat business on which great companies are built. Customers expect good customer service, but great customer service goes beyond their expectations, and ideally turns them into loyal, raving fans.

Ironically, few Internet marketing speakers seem to talk about customer service. They’re full of ideas about generating traffic, building a list, developing products, putting up blogs, converting traffic into customers, selling affiliate products, finding joint venture partners, and so on… but seem to have very little, or nothing, to say about how to deliver exceptional customer service. It makes me wonder whether some of these people are actually running real businesses for the long term.

But maybe when times are good, and there is a continual stream of buyers entering the market, many businesses don’t need to take so much care of their customers. Not if they know there’s plenty more ‘fish in the sea’. But if the economic recession truly causes people to spend less, across all markets, that may mean you and I have fewer potential customers too. And that means we need to take better care of the ones we have, if we’re to survive and thrive.

Does Anyone Read Long Sales Letters?

Thursday, October 9th, 2008

If you’re interested in buying a product - let’s say it’s an information product - do you read the sales letter from start to finish?

Or do you, as Kikabink News subscriber, John H. does, scroll down to the bottom to find the price and then skim the bullet points.

Or do you do something else entirely?

Well, it’s the very fact that different readers approach sales letters in different ways that they - the more effective ones, that is - are structured and written in a way to accommodate different kinds of reader.

There are readers who read every word… skimmers who catch the main points… and ‘pick and choosers’ who look for, and focus only on, the details that matter to them. And there are those who may do any of these depending on the kind of product they’re buying, whether it was preceded by a huge pre-launch campaign of videos, etc, and other factors.

For example, when I bought my first information product in the Internet marketing niche, I read every word of what was something like a 20+ page sales letter. Just recently, when I invested in another - much more expensive - program, I focused only on some of the main points.

The difference for me was that in the first case, I had no familiarity with the product, the company behind it, or what benefits it would bring. I felt that I needed to understand exactly what I was being sold. In the second case, however, I was familiar with - and trusted - the marketer, had experienced an extensive pre-launch campaign, and was really only looking for confirmation that what was on offer was right for me.

Yesterday, I mentioned my view that if you are aiming to sell a product online that would ideally be sold by a real-life salesperson, then a sales letter is probably ideal. Similarly, a sales letter - just like a top sales person - should accommodate as many buyers as possible. It should deliver both the detail… and the salient points… it should allow for people to understand all the features and benefits… as well as convey the overall benefit… it should appeal to the emotions… and also appeal to the rational mind with logic…

The end-result is often a long sales letter. Will this turn off some people who don’t like scrolling? Probably. But, if it’s good, it will capture more people than it loses.

And remember, although YOU may not like reading through reams of copy… it doesn’t mean many of your prospects won’t. Or that they won’t simply skim or pick and choose what they read. As always, your customers (or lack thereof) will tell you whether you need to change how you present your offer.

Is Blogging In Decline?

Saturday, October 4th, 2008

One of my favorite sayings is: ‘There are lies, damned lies, statistics… and interpretations of statistics”

I added the last bit. And here’s why: two people can take the same data and claim it has entirely different meanings.

And this is what seems to have happened with Technorati’s latest report on the state of blogging. Last week Technorati released its 5th Annual State of the Blogoshpere Report. While it apparently reported that the numbers show that blogging is now mainstream, tech blog ReadWriteWeb saw the numbers as painting blogging in quite a different light.

Technorati says there are now approximately 133 million legitimate blogs, up from 70 million in 2007, and dramatically up from the 4 million in 2004. Yet ReadWriteWeb points out that only 1.5 million (1.1 percent) of those blogs had been posted to in the last 7 days.

Actually, Technorati also says that 7.4 million blog posts were made in the last 120 days. If posting a blog post within 120 days - or 3 months - is considered ‘active’ that would suggest that only 5.6 percent of all blogs are active. And that’s being generous with the word ‘active’.

Why won’t anyone just come out and say it? The vast majority of people who start blogs probably do so with the best of intentions, but just can’t commit to writing blog posts on a regular basis… and then they just give up.

Nothing shameful about that. It’s probably similar to the number of people who start a diary or try to write a novel.

Anyway, check out the ReadWriteWeb article for some more interesting interpretations of the numbers. You can find the link to Technorati’s report there as well.

==> ReadWriteWeb on Technorati’s report

Source: Source: Marshall Kirkpatrick, “State of the Blogosphere 2008: Technorati Numbers Indicate Blogging Is Niche and Slowing”, ReadWriteWeb, September 22, 2008