Feature Article #1

Farewell (For now)

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Note: Please accept my apologies if this comes across as self indulgent twaddle, but I’d rather explain my departure than just stop posting or take the site down without warning.
Yes, it’s the end of the blog here at […]

georgelane | November 19th, 2008 | Continued

About this Site

Hello, I’m George Lane.
I’ve been in business since the age of 20, ran businesses in the “real world”, helped other peoples businesses grow, and have been featured on ITV and in the Independent newspaper.
I’ve studied some of the best online and offline marketers in the world and applied this knowledge with great success. This site […]

Other Recent Articles

Important Numbers

Just got off the phone to a potential client, and talked them out of using me to fix their Adwords campaigns.

Why?

Because they didn’t know their numbers. And when we worked them out, they didn’t add up. Let me explain…

You see Google Adwords is amazing at generating money IF the rest of your website and sales process is up to scratch.

If it’s not, even the best PPC campaign in the world won’t fix it.

So, before you ramp up your Adwords camapaigns, find out:

  • Your websites conversion rate as a percentage (EG: Out of 100 visitors, how many people actually buy).
  • Average cost per click in your market.
  • Your average PROFIT per sale. (not revenue, sales, or turnover — PROFIT.)

When you have these 3 numbers, you can plug them into my visitor value calculator and work out whether using Adwords will be profitable. Here’s how…

If your visitor value is significantly LOWER than your markets average cost per click (ie: 2x lower or more) then you need to work on your sites conversion rate before you consider scaling up pay per click marketing.

If visitor value is the same as or greater than average cost per click, then hiring an expert will make a big difference to your bottom line.

To direct response marketers, this is obvious and second nature… But to the uninitiated, this kind of simple market analysis may be a surprise.

If I get some time, I’ll make a video explaining this in some more detail.

Cheers,

George.

Quality Score improvements (AKA Google Slap 3.0)

You may have heard some murmurings about a coming Google Adwords update (some are calling it the “Google Slap 3.0″.

However, if you’re following Adwords best practice and keeping things nice and relevant, you should be OK. Check out the announcement on Googles official blog:

Inside AdWords: Quality Score improvements to go live in coming days

This is the key to the changes, in my opinion:

“Although your overall Quality Score is evaluated at the time of each query, landing page quality is evaluated less frequently.”


Reading between the lines, it sounds like if you’re bidding on a broad match keyword, Google will asses your quality score for that particular query at the time of the search.

For example, let’s say you were bidding on the broad match keyword “blue widgets”, and your ad and landing page for that keyword talked about blue widgets, then Google would give your ad preference if someone searched for “blue widgets” or a phrase like “cheap blue widgets”.

However, if someone searched for “red widgets” you ad would still be triggered, but it would be given a lower a quality score at this time, because it’s not as relevant to red widgets.

All in all, if you keep your keywords, ads and landing pages tightly relevant, and try to give searchers a good experience, you’ll survive this slap… and all the others!

Any questions, leave a comment below!

Cheers,

George

Blogged with the Flock Browser

Tags: , ,

You know you’re famous when…

Well, in my case, you know you’re famous when a competitor advertises on your name!
(Just Google “Perry Marshall” to see what I mean.)

Check it out:

Google Ad

It’s kind of weird because I’ve not really been promoting myself heavily as an Adwords guy or an internet marketing consultant… This year has been about working with a few clients and building other projects (like Online4Offline)

Someone must just think I’m better known than I am!

Oh well, let’s see how long they advertise on my name before either Google slaps them, or they realise this keyword doesn’t get a load of traffic ;-)

Either way, it’s nice to be recognised!

And if you’ve ever had the experience of one of your competitors bidding on your name, let me know in the comments section!

The Ugly Truth About ‘House of Cards’ Businesses

If you’re an online4offline subscriber, you’ll have probably received a similar email to the one below by now.

(If you’re not an online4offline subscriber, why the hell not? Join the fun here.)

The email was only meant to be a quick reminder about a 12 week series of expert interviews we’re doing, but it turned into something a little more than that.

As you’ll see below, I truly believe that economic conditions that affect large corporations do not affect small and medium businesses in the same way.

And thinking that…

“my business will fail because of the economy and there’s nothing I can do”

…is a very dangerous way of thinking, and one to be avoided. (Your brains Reticular Activating System doesn’t do you any favours when you think like this.)

Here’s the email in full:

If you believe the news stories today, you’d be forgiven for thinking the sky was falling in.

It seems like everyday there are major companies going under or seeking rescue investment.

But what the media doesn’t tell you is that tons of businesses are doing great.

I should know… I work with loads of profitable businesses. (One guy I work with has a 3 month old business profiting £27k a week, with no sign of it stopping any time soon)

Another example is Ron Douglas who’s absolutely killing it in several markets online. He’s built an email
subscriber list of 215,000 people who like him and want to hear from him.

Doug’s interviewing Ron live tomorrow. It’s going to be a hell of a call.

Check it out here.

Having said all that, I’m not one of those “blind optimist” types who fails to recognise trouble when they see it. It’s tough out there, and it’s going to get tougher in the coming months (or even years) — but it doesn’t mean you or your business should be victims of these economic conditions.

Yes, the global economy is a factor affecting the success of your business, but it is nowhere near as significant as the media give it credit for.

Let me explain…

The majority of small businesses get going because they are very good at what they do — be it accounting,
plumbing, retailing particular goods, etc… and because of word of mouth, a little marketing knowledge, or sometimes just dumb luck, they manage to get customers and make a profit.

In good economic times, many get by on luck alone, with little marketing knowledge, systems or structure… just maybe the odd Yellow Pages ad, a few local newspaper ads and hoping for the best.

In the boom times you can get away with this, but when the proverbial sh*t starts hitting the fan, businesses like these are the first to blame the economy for their failure.

But the hard to swallow truth is that an economic gust of wind just knocked down their house of cards.

A great way to protect your business in these “blowy” times is to get very, very good at marketing.

Learn how to build multiple marketing methods that act like pillars holding your business up.

Adopt a “test and measure” philosophy to make every campaign more and more effective.

Use your current customer and prospect database to it’s maximum effect.

…And your deck of cards will be transformed into a fortress ready to weather even the most brutal economic storm.

As you may know, Doug and I are conducting a series of interviews with some real “heavy hitter” marketing experts to help you prepared for 2009 (which is less than 100 days away).

This weeks expert is Ron Douglas.

Doug will be talking to Ron about marketing to your existing list of prospects and clients, and how this
tactic alone can transform a business.

Ron is the real deal, and has sold over 1 million products using email and relationship marketing.

I strongly suggest you get on the call tomorrow and take notes. What you’ll learn could have a profound effect on your business.

You can get all the details here.

Speak soon,

George

Incest, Advertising & A Long Phone Call

The other day I was speaking on the phone with Mark Pocock — who’s a leading copywriter based in the UK…

As the phone line was crackling with the exchange of tips and ideas, Mark hit me out of the blue. He asked:

“Why do so many businesses advertise the WRONG way?”

Immediately, and on what I can only describe as a subconscious level, I responded:

“Business Incest!”

Find out exactly what Business Incest is, and whether you’re committing it.

Check out Mark’s Blog Post Here

Blogged with the Flock Browser

£18 per click Adwords Case Study

On blogs, forums, and business events, I hear people complaining about the cost of pay per click marketing, which on the surface, is a valid complaint.

BUT, just because you’re paying a lot for a click doesn’t mean you can’t make money using pay per click marketing.

The truth is (that very few people ‘get’) is that the more competitive and expensive a market is on pay per click, the greater the chance there is of making a ton of money. Cheap keywords are cheap for a good reason.

One of my clients, Graham - owner of MyMoneyAdvisor.co.uk, had a massive problem.

  • Cost per click was MEGA expensive in his market (as in £18 per click).
  • Margins were tight.
  • When people clicked, very few people took action (and not enough to break-even, let alone make money, from Adwords)

But within a few weeks of working together, we had it sussed.

  • Cost per click was halved
  • Cost per lead was reduced by around 75%.
  • Profits were up in a big way.

Listen to Graham describing the Good, Bad and Ugly sides of marketing his business using pay per click:

One Sentence Persuasion?

Just came across a great report courtesy of Mike Mindel on Twitter.

I remember reading this a couple of years ago in the back of a Joe Vitale book and completely forgot about it until now.

It’s a great free report that pretty much sums up persuasion in one sentence.

I won’t give you the sentence here as the author Blair Warren, quite rightly, builds up the magnitude of the sentence in the report.

Get the One Sentence Persuasion Report

It’s a great grounding in the art of influence and persuasion which in sales and marketing, is a very valuable skill to have.

Get the One Sentence Persuasion Report

Cheers,

George

Blogged with the Flock Browser

How to Track Phone Calls in Google Analytics

If you do pay per click marketing and take inquiries or sales over the phone, this could be a breakthrough tool:

Mongoose Metrics - Offline Phone Call Tracking

I haven’t tried the system yet, but according to their website, you can actually track exactly what web pages, ads, keywords, generate phone calls to your business. Awesome.

Unfortunately, this service doesn’t seem to be available in the UK yet. What a shame.

Before this service, it was very difficult to track exactly where a telephone call came from in an online marketing campaign… And even though you can ask prospects what they searched for in Google to find you, research has shown that most give you the wrong answer.

There was simply no easy answer to this problem (except may be “click to talk” buttons), until Mongoose.

Mongoose Metrics - Offline Phone Call Tracking

Check them out, and if you’re in the US, let me know what you think of the service!

Cheers for now,

George

PS: You may also want to check out this article about how to split testing a web page using a phone call as your goal. Very interesting stuff.

Blogged with the Flock Browser

Tags: , ,

Google Game Changer

If you’re into pay per click marketing (or indeed search engine optimisation), the game has changed as of today.

To those of you who are new to pay per click / Adwords may see this change as insignificant, but please don’t under estimate this one.

You see Google has updated its keyword tool to show exactly how many searches were done on a keyword last month, and on average. This gives you a much, much clearer idea of whether a keyword is worth pursuing.

Seriously, don’t underestimate this small yet very powerful change.

Ed Dale has just produced a great passionate video about it. CHECK IT OUT HERE.

Blogged with the Flock Browser

Tags: , ,