March 11, 2011

Search Strategy for New Product Launch & Purchase Cycle...

Few advertisers have realised the importance of Search in product purchase cycle...It is quite obvious and no points for guessing that searches for  product would be low when they are new...but does that mean  that Search cannot support Product? A question that is difficult for many marketers to understand! There are various features launched by Google/other Search engines that could help to increase their presence at a much lower cost. Search can be extremely powerful for low budget advertisers -:

Lets put AIDA model in Search for New Product Purchase cycle -:



1. Attention

Start with Content Network and Placement Targeting on Search - The way content works is that it matches the ad content with the content on the website and if both matches then it shows the ad...So, it is targeted to those audience that may be potentially looking for your product. For example - you are selling flowers and Gifts or Choclates...Google has a vast list of sites in its content network which it sells at much cheaper cost per click. If it has a website whose content matches with flowers/gifts/choclates, your ad appears and those who may be interested in your product will click on the ad. The best part is that you are not paying anything unless people click on the ad. So, the impressions or exposure that you get through the ad everytime it appears is absolutely free!

On the contrary, one can do placement targeting In Placement targeting, one can select a list of sites that they think are most relevant for their ads and then ad appears on only those sites. The pricing model for both Content and Placement is slightly different. In Content network, you set a daily budget cap whereas in Placement, one can set a daily budget cap but at the same time one can change bid manually on specific sites in order to beat competitors to get more impressions.


2. Interest

In order to generate interest, start investing in generic KWs. That means people searching for Keywords like Flower shop, nearest chocolate shop etc. These keywords may be slightly expensive than content network but it will help you in reaching consumers who are looking for a similar product that you are offering. Its just that they are not looking for You! And here's an opportunity to show up and tell them that you also offer same product and they should explore more...this will drive consideration for your product which is extremely important stage for any new product/brand.

3. Desire

In previous two communications, you have made your audience aware that your product exists and they should consider them buying. And what is it that will push them one more step. And that would be Google Remarketing. The way Gooogle Remarketing works - The person landing on your site gets cookied and is identified as someone who could be potentially interested in buying your product. Now next time when he/she is surfing sites on Google, Google identifies them as a cookied user of your site and push them a targeted ad. So, in this ad, you can push promotional deals or exciting offers which may motivate them to buy your product online/offline.

Another addition to this action would be Google Interest Category Marketing. This is further down filter down to more qualified traffic. Google Interest category is that one can advertise only on sites that are related to your category. So, Google has bifurcated all the sites into various categories and one can choose the categories from  the list and ads will appear only on those selected sites.


4. Action

This is the most significant stage as in this we are motivating people to buy. This can be done in two way - first is to get the consumers land on the most relevant page for purchase for example a deals page or a promotion page or any page that shows the upcoming promotions...And that can be done again through Google. If consumer has already visited your site it will be cookied...next time we he searches for same product then they will be identified as cookied user and they will land on the deals page or transactional page. And second way could be use Google Remarketing to show ongoing/upcoming deals and drive the traffic to transaction page.

All the tactics above have been tested and proven successful in the past.

Would be great to hear from you!


January 11, 2011

Google's Content Network Strategy

Recently attended a session with Google and was quite impressed by the way they are positioning their Content Targeting. Other Search Engines may have the same features and capability but the question is does everyone know how to position their products, Google knows! So, how are they wooing their marketers. They have divided their Content Marketing into four stages :-


Broad Reach

Google Contextual targeting can be used as a tool to increase awareness of the product at cheaper cost. So, if the ad text matches with the content of the website then the ad appears. One doesn't really have a control on where the ad appears. But the spillage can be controlled by adding Negative keywords for the placements where possibly the ad can appear.

Apart from Cost benefit, it also allows the advertiser to appear on the most relevant content with the help of Google's algorithm. So, lot of visibility at the right place with cheaper cost


Know your environment

This feature gives the liberty to all marketer to choose the most relevant environment as per their choice. So, one can choose the list of sites from Google network where he would like his ad to appear. For example sports shoe advertiser thinks that his ads should appear more on Sports site or shopping sites or only these two environment, he can make that choice.

Enthusiasts

This one is created by Google themselves. Apart from showing the ad at the most relevant places, Google allows the advertisers to chase their target audience by following their interests. So, for example a user is more interested in Sports, Cars etc and this shows by his Web browsing history then he would be shown Nike Ads whenever he is browsing any Google Content Site.

Unlike the first step which was more closer to Pull Strategy, this is clearly Push Strategy where marketers are pushing the message to potential interested target audience.


Prospects

This is one of the most effective tool that allows the marketers to reach their target audience when they are at the last stage of Purchase funnel. So, people those who have shown interests in advertiser's products before but due to some reason they dropped off. They are the prospective buyers and one step closer to Purchase. Ads could be more effective if they are being directed to Prospects.

So, I found the Google's positioning, please feel free to voice your opinion.