Online Marketing Glossary: Bid
Bid:
- The maximum amount of money that an advertiser is willing to pay each time a searcher clicks on an ad. Bid prices can vary widely depending on competition from other advertisers and keyword popularity.
Clearly this is not the ONLY definition of the word “bid”, just the definition most associated with online marketing. Anytime you vie for position within the search engines with paid campaigns, you’re bidding on that position via the keyword.
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Glossary Definition From ABC’s of Online Marketing by Alexandra Wharton, Issue 22, Revenue Magazine
Online Marketing Glossary: Revenue-Sharing Program
Revenue-Sharing Program:
- A program that allows merchants and website owners to increase sales. The host site links to the merchant with a banner, button or text link, for a fee. The merchant pays the website owner for increased traffic, sales and leads from the host site.
This seems like the less guaranteed way to go about performance marketing. I don’t have a lot of experience with this either, so someone out there that does… school us in what the benefit of this would be over pay per impression (PPI) models?
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Glossary Definition From ABC’s of Online Marketing by Alexandra Wharton, Issue 22, Revenue Magazine
Online Marketing Glossary: Advertiser
Advertiser (also Merchant or Retailer):
- Any website that markets and sells goods or services. In affiliate marketing programs, advertisers contract with affiliates to get consumers to register for services, purchase products, fill out forms or visit websites.
Basically, the person paying for those leads & sales is the advertiser. In affiliate marketing, the advertiser is responsible for funding the commission pages, providing coupon codes and creative banners, text links, etc. The success of the program rests ultimately on the shoulders of the advertisers. Imaging the pressure on me at PsPrint!
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Glossary Definition From ABC’s of Online Marketing by Alexandra Wharton, Issue 22, Revenue Magazine
Online Marketing Glossary: Delisting
Delisting:
- When webpages are removed from a search engine’s index.
Most of the time this is done because a page breaks the search engine’s terms of service. On rare occasion this can happen when the spiders misinterpret something on your page that’s questionably close to the line.
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Glossary Definition From ABC’s of Online Marketing by Alexandra Wharton, Issue 22, Revenue Magazine
CJU Course: Affiliate Marketing 101
As the first course of the conference yesterday, I’m sure there was a lot of pressure for this hour and fifteen minutes to really set the tone for the three days of Commission Junction University. Titled “Affiliate Marketing 101: Back to the Basics”, I attended hoping to maybe pick up some things I didn’t actually know considering I taught a lot of the basics to myself a couple years back. The speaker was:
- Jeremy Palmer, President, QuitYourDayJob.com
I converse with & follow him on twitter and I’ve heard great things about his last projects The Black Ink Projects and Black Ink 2, although haven’t had a chance to check it out myself. I won’t know until Thursday if this session really did set the appropriate tone for the conference or not, but it was definitely worth my attendance!
Bullet Point Review!
- Choose Your Niche
- The niche you choose should be your passion – it’s the easiest foundation to build upon.
- Know a lot about your niche to be successful.
- Develop a Business Plan
- Put together a SWOT analysis for you AND your closest competitors – their weaknesses can be your opportunities.
- Just make it a simple spreadsheet.
- Have a unique selling proposition. It’s not enough to just copy someone else, you have to see what they’re doing and how you can do it better.
- Learn about the customer persona.
- Inventory your own skills objectively – what can you do yourself and what would you be best served by outsourcing?
- Write Value Added Content
- Start writing content before you design your site.
- Content is the key to the site.
- Have 10-15 pages of content before you launch to improve Quality Score.
- Design Your Site
- You must have professional tools to create a professional site.
- Be objective about your experience and consider outsourcing.
- TOOL: 99Designs for design contests – you only pay for the winner, and you pay much less.
- Develop Your Site
- Outsourcing programming can be done on Elance or oDesk quite effectively.
- Be sure to write extremely detailed specifications on what you want the site to do and how it should be done when using outsourced talent.
- With these services you can escrow your payment so that no money is released until certain milestones are done – and done to your satisfaction.
- Test the Waters with PPC
- Google hates “rich pages” (also referred to as “thin landing pages”) where the only intent is a conversion.
- Google recently updated their algorithms and human QC when assigning Quality Scores, so be sure to read up.
- Essentially Google wants you to develop your own content: they want independent reviews, content not found directly on the merchant’s website, and the comparison of several merchants.
- Many affiliates have had good success with video reviews because they resonate more with consumers.
- Remember that Google isn’t the only game in town – test on Yahoo & MSN to discover what works in terms of keywords and ad copy.
- Test & Optimize
- Look at conversions using keywords.
- TOOLS: Tracking 202 (free), Prosper 202 (free), Optimize My Site (paid), Google Website Optimizer (free).
- Pay equal attention to conversion rate and click through rate.
- Don’t use vague or hype laden copy – it won’t convert well.
- Split test your landing pages.
- Build a Sustainable Business.
- Don’t put all your eggs in one basket.
- You want to thrive without Google just in case.
- Facebook Ads are growing with better ROI.
- Remember the viral marketing element (what can you do that people will pass on?)
- You want to be who people will think of when they think of your niche.
- Create a brand for yourself.
- Random Tips
- Some books to check out: Unleashing the Ideavirus by Seth Godin & Malcolm Gladwell
and The Cluetrain Manifesto: The End of Business as Usual by Christopher Locke, Rick Levine, Doc Searls, & David Weinberger
- When doing product comparisons, try throwing in a weaker competitor to enhance the value of the better products.
- DO NOT use the standard WordPress template when adding a blog to your site – make sure it looks like the rest of your site.
- Comparison pages only need to be very simple tables.
- Some books to check out: Unleashing the Ideavirus by Seth Godin & Malcolm Gladwell
Points brought up during the Q&A
- Mobile has great opportunities for merchants and advertisers, but it’s hard for affiliates. People are not (yet) likely to use mobile devices to make purchases.
- Outsourcing content? Elance is ok but Jeremy expressed some displeasure with what he’s got from that site. An audience member suggested PR Newswire and searching for keywords to find experts.
- My own suggestion is to try going to LinkedIn & looking for experts to approach for writing.
- Go where the good designers and writers hang out to find them – when you go to freelancing sites you’re getting the people who might be hard up for work and not that great of results.
- In regards to CJ, pay a lot of attention to the Network Earnings bar.
- Once your site’s Quality Score tanks, you’re done. You have to start over with a new site because there’s no way to get that back.
Jeremy did an excellent job mixing up the experience level of the information he put forth, knowing instinctively that most people attending wouldn’t quite be at the 101 education level in regards to affiliate marketing.
Read MoreCommission Junction University – Day 1
I’m down here in lovely Santa Barbara for Commission Junction University, and day one is in the can. The weather has been nice…although living in California I’m generally used to this weather, but being in the Southern end of the state there’s a distinctly different feel that I can’t quite put my finger on. But I enjoy it.
I flew from Oakland to Los Angeles on a puddle jumper, and from Los Angeles to Santa Barbara on a pack of gum. Between flights and layovers and cab rides, I arrived at my motel at 12:15am. The room is your average motel fare: 70’s floral bedspread, translucent yellow cords on the lamps, inmate furniture. The room also has a mini fridge, microwave, nicely sized TV, free wifi, and a surprisingly comfortable bed & pillows – not too shabby for $77/night. This makes me glad I’m staying at a real hotel for Blog World Expo this coming weekend.
Because of the high cost of cab fare ($25+), once I got the conference hotel I didn’t want to leave until the end of the day. I ran into Lisa Picarille and Wade Tonkin almost immediately in passing after I registered and headed to the first session, which I’ll cover later. Jeremy Palmer from Quit Your Day Job lead the first “course” as CJU calls them, and Olivier Chaine from Magnify 360 led the second. On a personal note, I read his name in the program and knew the pronunciation would be something like “o-live-e-ay shayne” and was confused when the emcee pronounced it very phonetically (olive-er chain). I was disappointed in CJ when Olivier pronounced his own name at the end of his session much like I’d imagined it was properly pronounced…if you’re going to introduce someone, learn how to pronounce their name.
I digress. Both courses were informative and well done, and I’ll be posting a bullet point review of both later on. After the courses were done I took a quick break and then headed out to the CJU Expo, a small area of tables nicely held outside under umbrellas that more closely resembled the Meet Market at Affiliate Summit than your typical trade show. It was mostly merchants and different CJU programs with tables, with the exception of an OPM (Schaaf Consulting), a couple affiliates (SurfMyAds.com), and a table for the Performance Marketing Alliance.
It’s a good thing I saw that PMA table, because it made it easy to run into some familiar faces in the form of Connie Berg & Brad Waller. Also was able to say hello to Michael Brucker from RingCentral at their table, one of the organizers of the BAAMC whose quarterly meetings I attend. (By the way if you’re an affiliate manager with a company in the SF Bay area interested in getting involved and possibly hosting about 20-25 ppl for lunch some day, let Michael know).
After the expo it was zoo time with the welcoming event being held down the street at the Santa Barbara Zoo. As much as I wanted to go, my phone was practically dead for some reason and my stomach was a bit upset, so I opted to head back to my motel. Tomorrow is a day full of sessions that look pretty good, and a keynote from Guy Kawasaki…who I think may literally be giving me the nifty orange Alltop shirt off his back afterwards. More about that if/when it happens 😉
