August 24, 2013 by
More businesses are blogging for marketing purposes. And more people are reading them. Blogs are the lowest cost marketing channel; yet, as the fact below show, they can produce high returns.
Why? Blogs drive traffic to a website; raise page rank on search engines; create high quality leads and generate revenue and ROI.
They reveal a truth about human nature and relationships: People like to do business with people they know. After a product or service, relevant content is a a business’ next best asset.
Anything worth doing is worth doing well. The benefits of blogs don’t accrue without regular publishing, listening to the needs of your audience and engaging.
Is it worth it? Here are 40 facts on blogs every business needs to know to grow.
VISITORS TO A WEBSITE
- 55% of businesses with blogs see more visitors to their websites (HubSpot)
- 3X more minutes is spent on blogs by US internet users than on email or social networks (HubSpot)
- 5X more website traffic comes to businesses that blog 20 times per month (4-5 week) than those that blog fewer than 4X times per month (HubSpot)
SEARCH ENGINE OPTIMIZATION (SEO)
- 434% increase in “indexed” search pages for businesses with a blog; said another way, businesses with a blog are found on 4X the number of search pages (HubSpot)
- 97% more inbound links are found on website that have a blog. This means the search engine are much more likely to credit a business with a blog as being an “authority” in their industry and raise their search rank (HubSpot)
- 95% of businesses with a blog report higher search rank (HubSpot)
- 85% of blogs use tags (Technorati)
- 75% of us read a blog a day (Technorati)
- 4X more search pages for businesses with blogs than those without blogs (HubSpot)
- 77% lift in median monthly leads occurs to businesses with over 51 blog articles (HubSpot)
- 4X more leads occur for businesses that blog 20X per month than those that don’t (HubSpot)
- Average % cost per lead of various marketing strategies: Tradeshows=47%, Direct Mail=27%, Telemarketing=21%, SEO=13%, Blogging=9% (HubSpot)
- Average % lead acquistiion by companies through internet marketing channels are: 57% Blog, 57% Linkedin, 48% Faceboook, 42% Twitter (HubSpot)
- 70% of us say blogs influence what we buy (Marketing Sherpa)
- 67% of marketers say their company blog is “critical” or “important” to their business (HubSpot)
- 45% of companies with a blog track additional revenue from their blog (HubSpot)
- 15% say they are paid to give speeches on the topics they blog about (Technorati)
RETURN ON INVESTMENT (ROI): CASE STUDIES:
- GENERAL MOTORS’ FAST LANE BLOG: GM’s blog, written by senior execs, saves the company $200,000+ a year (Forrester)
- IBM: Let company employees set up their own internal blog to crowd-source innovation and new product idea across its global network. Crowd-sourcing identified 10 best incubator businesses, which IBM funded for $100 million. They generated $100 billion in total revenue for a 100-to-1 ROI with a 44.1% gross profit margin (Social Media Examiner)
- ZAGG: an online retailer, knows its blog results in sales, as it earns 172% ROI and 10% of the company’s site traffic (Marketing Sherpa)
- 71% of all respondents who maintain blogs for a business report that they have increased their visibility within their industries through their blogs (Technorati)
- 59% report blogging more frequently this year than they did last year (Technorati)
- 58% say that they are better-known in their industry because of their blog (Technorati)
- 56% say that their blog has helped their company establish a positioning as a thought leader within the industry (Technorati)
- 64% of bloggers say brand representatives treat them less professionally than they’d like
- 42% of bloggers say they blog about brands they love (or hate)
- Among respondents who say they do blog about brands, 51% they said they rarely review brands, services or products among companies
- Among respondents who say they do blog about brands, 48% say they post reviews weekly
- 87% of all bloggers use Facebook (Social Media Today)
- 81% use Facebook to promote their blog (Social Media Today)
- 64% use Facebook to interact with readers (Social Media Today)
- 45% say Facebook drives more traffic to their blog than it did a year ago (Social Media Today)
- 73% of hobbyists and 88% of professional bloggers still use Twitter (Social Media Today)
- 50%+ of all bloggers link Twitter to their blog (Social Media Today)
- 34% of bloggers say Twitter is a more effective traffic source than it was a year ago (Social Media Today)
- 64% trust the information in a blog post by someone they know (eMarketer)
- 46% trust traditional media less than they did 5 years ago (eMarketer)
- 36% trust the information in a company blog (eMarketer)
- 35% believe blogs are taken more seriously (HubSpot)
- 19% believe blogs are written better than traditional media sources (eMarketer)
- Blogs are the #1 most trusted social media source (eMarketer)
A great infographic on the “Blog Economy,” developed by Ignite Spot and shared by Linda Bernstein in a recent session of #blogchat contains some of these facts and more. It is well worth reviewing.
Almost half of all companies now have a blog; roughly double the rate from five year ago. But that mean half of companies still haven’t started blogging, yet.
Where does your business fall? Do these facts convince you to start? Do you need help getting started?
February 10, 2013 by
With new media channels comes new nomenclature and ways of doing business. This is true for the term, social engagement.
But what is social engagement? What does it achieve? Does it result in more sales? Better awareness? Greater loyalty? How do you know it’s working?
Or, is it just a new way of saying customer service, CRM (Customer Relationship Management) and relationship building using social metrics such as Likes, Comments, Views and Shares?
Here’s what 21 experts tell us social engagement means and does.
- In the social context at GE, engagement is the discovery and exchange of shared values and interests. - Linda Boff, global executive director of digital, advertising and design, GE
- The process of working collaboratively with and through groups of people affiliated by geographic proximity, special interest, or similar situations to address issues affecting the well-being of those people. – Center for Disease Control
- The basis for effective communication, and together these are the foundation for mutual awareness, respect, and understanding, which in turn are the foundation for relationship building. – Center for Excellence in Mining Innovation
- The action of engaging with others using computer-mediated communication tools. Engagement means establishing and sustaining relationships, while developing a level of trust that makes people comfortable enough to do business with you. - Urs E. Gattiker, Author of ComMetrics
- Likes, or shares or comments. But then for our educational series, views may be the engagement. The metrics continue to solidify over time, and there is no one answer to all programs. - Scott Gulbransen, director of social business strategy, H&R Block
- The number of unique people who have clicked on your posts. This number encompasses only the first 28 days after a post’s publication. – Facebook
- The process of working collaboratively with community groups to address issues that impact the well-being of those groups. Activities that help firms engage the community include credible and transparent reporting, town hall meetings and collaborative decision making. – Financial Times
- The level of involvement, interaction, intimacy, and influence an individual has with a brand over time. – Forrester
- The process of working with people with similar situations, special interests or geographic proximity to address issues affecting their quality of life. – Genesse County Health Department
- The ability to reach out to and get response from a company (as a consumer) or an audience (as a company). For instance, if I go onto Twitter and post a question to a specific company (@Ebay, for example), I hope to receive a response. That’s engagement. Instant, human. – Angela Hausman, Associate Professor and CEO, Howard University and Hausman and Associates
- The level of authentic involvement, intensity, contribution, and ownership. Attention + Interaction + Velocity + Authority + Relevant Attributes (variable). – Jeremiah Owyang, Partner of Customer Strategy, Altimeter Group
- An estimate of the degree and depth of visitor interaction on the site against a clearly defined set of goals. Eric Peterson, Web Analytics Demystified
- Any action a consumer takes with your content. It’s a Like, view, comment or share. Social success should be based on the most valuable engagement, sharing and the earned reach that it generates around a key message. - Matt Rednor, vp of global strategy and analytics, MRY
- Does the person like/love the brand? Does the person just want the discount coupon you’re offering? Is the person just interested in what you’re up to this week, or in general? Is it a passing fancy or of life-long heartfelt significance? – Philip Sheldrake, Co-Founder, International International Association for the Measurement and Evaluation of Communication (AMEC)
- How a brand and consumer connect and interact within their networks of relevance; measured by takeaway value, sentiment or feelings, and resulting actions following the exchange. - Brian Solis, Principal, Altimeter Group, and Author of Engage
- Connectedness, or creating a closer relationship with your audience. Brands can be engaging by creating compeling ideas and useful content that people want to share. - Pat Stern, chief creative officer, iCrossing
- A social event that involves your directly and/or has impact on your social presence. Examples of engagement include: new comments, RTs, check-in to your venues, likes of your videos on YouTube, clicks on your links, etc, etc. - Social Report
- A positive emotional return on social media marketing activities can be delivered over time, providing you give, give, give. – Chris Street, Commercial Content Creator, Bristol Editor
- Social engagement is: 1) Provide high-quality content, 2) answer questions, 3) participate in conversations, 4) provide great customer service to customers and potential customers and 5) go offline - Sysomos
- The new currency for social marketing effectiveness – Bernard Warner, Journalist and Auther
- A social phenomenon enabled by the wide adoption of the internet in the late 1990s and taking off with the technical developments in connection speed (broadband) in the decade that followed. – Wikipedia
Taking these definitions into account, I’d explain social engagement as good, old fashioned relationship principles that have proven to work in the past; only now, they are taking advantage of online social channels and sharing to build community faster and influence more people in real time for better results. That’s why I do it.
How would you explain social engagement? Is it worth doing for your brand?
January 27, 2013 by
The reason I began to blog was inspiration I got from others’ blogs.
It wasn’t a plan but what I lacked in planning was made up in heroes. People in my field who blogged were knowledgeable, smart and generous in spirit with information and ideas I found of great value. They stood out, seemed genuine and real. They still stand out. (A few of the posts that served as inspiration years ago are listed at the bottom).
It motivated me to start, learn and stay with it. After that, I learned there were many benefits to blogging. What are they? Here are 36 reasons why I blog.
- It’s how to have 1-to-1 relationship with 1-to-many
- Nothing works like writing about what you know
- We want to share what we know with others; it’s in our DNA
- Studies show no other form of digital expression is better at securing trust (source: eMarketer)
- People return to a place where they know they will learn something new
- It’s never stopped being gratifying to teach someone something new
- It’s synonomous with the term, personal brand
- It’s how you find and attract people who share the same values
- Your audience is global from the moment you begin
- It’s friendships and bonds you couldn’t have developed any other way
- It’s how to put you personal values into your profession
- Blogs get through to people in ways that an email or phone call never could
- Blogs provide the means to move between personal and professional with credibility
- Blogs help people get to know you; people like to do business with people they know
- It is the best way to drive traffic to a website
- The search engines recognize and reward those who continually put out fresh content
- Each and every one of your blog posts are individual web pages, indexed by search engines to build your brand presence
- A keyword strategy is easier and more effective to execute through a blog than any other digital medium
- Blogs help with long tail search term rankings and keyword phrases you never would have found otherwise
- Other bloggers link to you; the search engine recognize your authority in a particular niche or market.
- Relevance and authority are the two attributes that drive search rank; blogs are designed to accelerate both
- The algorithm of search engines, especially Google, recognize original content and “social authority” from blogs more and search tactics like “metadata” and “metatags” less
- The content and keywords that drive people to your blog is very measurable
- The content from your blog can be re-purposed to many other aspect of your content or communications plan (e.g. email marketing, social media marketing, PR)
- This re-purposing of content doesn’t re-duplicate anything; it sends your message to new audiences
- Although there are lot of tips for blogging, the only way to really go wrong is not express yourself genuinely
- We all have a story to tell
- Blogs make it easy for others to share what you have to say
- It’s a direct and authentic way to ask readers what they want to hear and grow your audience with their collaboration
- It’s how you can do market research without research and travel costs
- Ir brings peace of mind
- It forces you to think better and smarter
- It brings out your innate ability to create and share ideas
- Like everything, you’ll get better at it the more you practice
- You’ll lead a more intentional life
- You may just inspire someone, like the posts below did for me, and there no greater legacy to leave than to inspire others.
These are reasons why I blog. Are they the same as yours? Are there any I missed?
If you blog, do they help to keep you going? If you don’t, do they motivate you to start?
Here are a some posts that inspired me:
David Berkowitz: 100 Ways to Measure Social Media
Chris Brogan: Grow Bigger Ears
Mack Collier: How Much Does Social Media Cost Companies
Peter Kim: Social Business ROI
December 09, 2012 by
“Big Data” is shorthand for the collection of large amounts of data from places like web-browsing data trails, social network communications, sensor and surveillance data that is then searched for patterns, new revelations and insights.
It’s a catchy term that’s easy to say and implies major transformation. In less than a decade, Big Data is a multi-billion-dollar industry.
But more data isn’t better data unless you know what to do with it. Many believe Big Data with help make better decisions; ones that are more informed; more profitable more predictive and preferred by more customers. Should you be paying attention? Here are 38 big facts on Big Data every business leaders should know.
- 91% of marketing leaders believe successful brands use customer data to drive business decisions (source: BRITE/NYAMA)
- 90% of the world’s total data has been created just within the past two years (source: IBM)
- 87% agree capturing and sharing the right data is important to effectively measuring ROI in their own company (BRITE/NYAMA)
- 86% of people are willing to pay more for a great customer experience with a brand (souce: Lunch Pail)
- 75% of companies say they will increase investments in Big Data within the next year (source: Avanade)
- 70% of data is created by individuals – but enterprises are responsible for storing and managing 80% of it (source: CSC)
- 70% of enterprises say their marketing efforts are under greater scrutiny (BRITE/NYAMA)
- 65% of companies deploy Big Data technology to boost the speed and quality of business decisions (source: CIO)
- 59% of organizations lack the tools required to manage data from their IT systems (source: Saffron Technologies)
- 57% of companies are considering Big Data analytics tools (source: EMC2)
- 49% of organizations are somewhat or very concerned about managing big data (source: CIO)
- 40%-60% annual growth increase is occurring in the volume of data available every year; in media intensive sectors and financial services, the increase is 120% (source: Fathom)
- 38% of organizations don’t understand what Big Data is (source: CIO)
- 34% of organizations say they have no formal strategy to deal with Big Data (source: Information Week)
- 33% of business leaders don’t trust the “old data” information they are using to make business decisions (BRITE/NYAMA)
- 33% of all data will be stored, or will have passed through the cloud by 2015 (source: CSC)
- Only 33% of business leaders differentiate Big Data from Traditional Data (source: Information Week)
- 28% of data in 2010 required some level of security (source: Wiki Group 7)
- 27% of organizations have a partial understanding of what Big Data is (source: CIO)
- 25% of organizations now have a data scientist on staff (source: EMC2)
- 24% of companies are using Big Data analytic tools (source: EMC2)
- 18% of companies say they have a formal strategy to deal with Big data (source: Information Week)
- 16% of companies believe Big Data will remain experimental (source: CIO)
- By increasing the usability of data by just 10%, the average Fortune 100 company could expect an increase of $2 billion dollars (source: Fathom)
- 5% of companies believe Big Data will “fizzle out after the hype dies down” (source: CIO)
- $300 billion could be saved if big data was used effectively the US healthcare sector; thereby reducing expenditure by 8% (source: McKinsey)
- 30 billion pieces of content are shared on Facebook each month (source: McKinsey)
- $3.2 billion was spent by companies on big data in 2010; it is predicted companies will spend $16.9 billion on big data by 2015 (source: CIO)
- $500,000,000 in venture capital funds have gone into big data technologies, startups, and vendors in recent years (CIO)
- $200,000,000 has been invested in Big Data projects by the Obama administration (source: Wiki Group 7)
- 140,000 to 190,000 people with deep analytic skills as well as 1.5 million managers and analysts will be needed by 2018 to fill jobs in Big Data (source: McKinsey)
- In 15 of the US economy’s 17 sectors, companies with upward of 1,000 employees store, on average, more information than the Library of Congress (source: McKinsey)
- Amazon and PayPal use their Big-Bata capabilities for fraud detection in line with their reputations as secure e-commerce and payment platform (source: McKinsey)
- American Express, by contrast, for B2B clients—uses proprietary big data it holds to create new services to enhance customer acquisition and retention programs for marketers and merchants (source: McKinsey)
- IBM converts 350 billion annual meter readings through Big Data to better predict power consumption (source: IBM)
- IBM analyzes 500 million daily call detail records in real-time with Big Data to predict customer churn faster (source: IBM)
- Big data monitors 12 terabytes of Tweets each day to improve product sentiment analysis (source: IBM)
- Progressive Casualty Insurance Company, uses Big Data as part of its “pay as you drive” program, offers drivers the chance to lower their insurance premiums based on real-time analysis of their driving habits (source: McKinsey)
We believe business leaders thinking about Big Data should start with this question: What business decisions do you want to make with Big Data you couldn’t before? If you can take this step, we can help keep get there with Big Data and keep your strategy on track. Are these 38 facts on Big Data a helpful start? Does the fact that Dilbert is talking about Big Data convince you it’s here to stay?
October 06, 2012 by
“If you don’t know where you’re going, you’ll probably end up somewhere else,” said Laurence Peter, the educator and creator of the Peter Principle.
Laurence’s wisdom applies to companies that start down the road with social media,
To know where you’re going, ask these business questions.
- What are the desired results?
- Who do you want to attract?
- How are they going to find you?
- What are the measurements that matter?
With the answers in hand, start the 4 stages of social media marketing.
- CRAWL: Look around and listen because people like to do business with people they know. Social media give them the opportunity. But, if they’re interested, they will get to know you on their terms. Probably, the first place they will go to is your website. Make sure it is a desirable place to visit and it has an analytic tool like Google Analytics, the GPS of a website. Help make it easy to find using keywords that describe their unmet need. Optimize those keywords in the url titles of pages and with headers for the subject lines on every page. Equip the home page with ways for them to stay in touch like email subscription, eBooks or offers. Begin to build a database. Make sure the action you want them to take is clear and establish the measurements, the Key Performance Indicators (KPI’s) that matter most. This is going to be the actionable scorecard to keep the business strategy on track.
- WALK: Connect and activate because, for every business, there is a wide disparity between best and worst customers. Define who to attract. Identity where they are on social networks and the communities and groups to join and participate. If you create a blog, and you should for all its value in content, keywords, SEO and 1-to-1 relationships, develop a blogger relationships effort. Start to connect and listen to where your are creating engagement and follow it. Increase what’s working and pull back on what’s not.
- RUN: Engage and involve because social media and customer service are the same business. Determine the time required to put against social media each week because you are not in the social media business anymore, you’re in the customer service business. Start to curate your content because you’re also in the content marketing business. It’s a top priority to keep content interesting and to think about how many ways it can be re-purposed to feed your content marketing program with elements video, emails, newsletters and webinars.
- THRIVE: Fans helps you do the lifting because your community is your best resource for innovation and ideas. Social media starts to pay dividends when your community turns to you to teach something new and they want to do the same for you. Does it happen? Don’t take my word for it. Here are 166 Case Studies that Prove Social Media Marketing ROI. Among them are companies like Fiskars, Harley Davidson, IBM and Starbucks who used their communities for research and new product ideas. It produced extraordinary results.
Do these 4 stages help you see how social media can help your business? Does it help to break it down?
Attend a FREE webinar, Secrets of Social Media ROI Revealed by 166 Case Studies, on 10/16 at 11 am EST; brought to you by Biznology and here’s where you register.