Digital Marketing Category

Why You Need Multiple Channels for Website Traffic

As marketers, it’s important that we never allow our businesses to become too dependent on any one channel. Our brands must stand on their own, independent of any single source of traffic. Our goal should be channel independence.
We’re not talking about channels like Discovery or Lifetime – we mean the channels through which a website acquires traffic. Achieving channel independence, means deriving value, traffic and conversions from an assortment of channels so that your business is not overly dependent on any one digital channel for an uncomfortable portion of traffic or sales. In this post, we’ll review the importance of channel independence and give a few ideas for how to best leverage it.

Why You Need Multiple Channels for Website Traffic

 

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Comparing Your Competitors’ Website Traffic Stats

In digital reporting, context is critical. Our marketing efforts don’t exist in a vacuum and in addition to broader consumer and economic trends, companies face fierce competition for share of voice and online sales.
In an increasingly competitive environment, benchmarking becomes important for any organization to properly evaluate their performance. In growing markets, it’s possible to see a rise in traffic and sales and be losing market share. In shrinking markets, you can see decreased sales while growing overall market share.
One of the best ways to determine which way is truly “up” is to benchmark some of your competition to provide you with the context you need to best interpret your own digital marketing results. While there is no universal source of competitor intelligence, there are a few different options at our disposal. In this post, we’ll cover the inexact science of how to compare your competitors’ website traffic stats, using Alexa, Similarweb, SEMRush and benchmarking in Google Analytics.

Comparing Your Competitors Website Traffic Stats

 

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Return on Ad Spend (ROAS)

Return on Advertising Spend (ROAS) is a term you encounter all the time when working on advertising optimization. There is even a Google Analytics metric named ROAS and you can use Target ROAS as a bidding strategy in AdWords.
So, what is ROAS exactly? To start, the ROAS formula is defined as the ratio of the revenue generated by advertising over the cost of that advertising.

$$
\text{ROAS} = \frac{\text{Revenue from Ads}}{\text{Cost of Ads}}
$$

ROAS measures how much of your advertising spend you got back in revenue. ROAS is never a negative number because in the worst case your ads produced 0 revenue and ROAS would be zero.

So, what’s a good ROAS? The answer is that it depends on the operating margins, cash flow, and other aspects of your business. In this post, we examine how to know what your ROAS needs to be and how to use (and not misuse) ROAS as a guide to managing your advertising spend.

 

AdWords ROI for SaaS

 

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Facebook Lookalike Audiences: What Are They and How to Use Them

Imagine two people, one who is a loyal customer with a high lifetime value and another who has never heard of your brand. Now imagine these two people have a great deal in common in terms of interests, behaviors, age, and location. What if you could use the profile of your customer to connect with the relative stranger?
That’s what Facebook Lookalike Audiences are all about.
In this post, we will look at one of Facebook’s specific advertising capabilities: Lookalike Audiences. We’ll cover what they are, how they’re built, and how to use them.

 

Twins

 

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Reporting on Google My Business Listings

Digital marketers can strive to reach audiences around the world but they can also focus on the users right next door. For brick and mortar businesses, it’s mostly the latter. When your market is your own community, it’s your local website users that are the most important to understand and study.
Reporting on local data is an important role for agencies and in-house analysts. To gather information and build action plans, Google My Business (GMB) dashboards hold a number of useful insights about how local customers are finding you online.
Until fairly recently, the ability to export this data outside of the GMB environment was fairly limited and required some manual workarounds. Fortunately that’s no longer the case because GMB added some convenient export functionalities. These exports provide easier ways to analyze and leverage this data. In this post, we’ll review some basic considerations, best practices and ideas for reporting on the data you’ll find in Google My Business listings.

 

Google My Business Reporting

 

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