March, 2011


30
Mar 11

Track All of Your Conversions in One Place

One business. One dashboard.

The solution for tracking online conversions in the same dashboard with offline (phone) conversions is now a reality. Our recent partnership with ion interactive, providers of LiveBall, a cloud-based landing page software platform, allows clients to  integrate call tracking data alongside online conversion data for a full and accurate conversion picture.

By combining both online and offline data, marketers gain a deeper understanding into how their marketing efforts are driving conversions to make more informed campaign adjustments.

When you inject call tracking data into the LiveBall platform, you can:

  • Automatically track phone calls as conversions.
  • Optimize online creative based on phone tracking data.
  • See conversion reporting of phone calls in real-time alongside lead generation data.

This integration is accomplished with Javascript provided by Mongoose Metrics. When a respondent visits your web page, the script triggers a dynamic phone number which replaces the “base.” When a respondent calls this phone number, a conversion (or tag) is tracked back to LiveBall. The conversion populates LiveBall performance gauges and reporting.  Ion interactive provides  full set-up details for LiveBall clients in their support center.

At the core, combining these two data silos in a simple, accessible and easy-to-use platform like LiveBall allows multiple team members — from the CEO and CMO to data analysts, graphic designers and ad buyers — to access a powerful data set in real-time in which to make daily business decisions.

Tell us: What business intelligence systems do you use to integrate marketing data?


29
Mar 11

Using Google Call Metrics to Evaluate Your Call Tracking Needs

As we wrote in a recent Marketing Pilgrim post, call tracking is one of three essential pieces to closed-loop marketing conversion tracking. In partnership with web analytics and a CRM system, call tracking can complete the lead-conversion puzzle by tracking offline conversions, and help marketers understand which campaigns are generating the greatest ROI.

For Google AdWords advertisers on the fence over whether or not to invest in a full call tracking solution, Google’s Call Metrics (a Google AdWords call tracking extension) offers a fairly easy, and free, way to assess your need.

Google Call Metrics

On March 22, Search Engine Land reported on a case study Google recently published touting the ability of Call Metrics to boost pay-per-click (PPC) conversions. According to the case study, a large financial-services company saw an increase of 29 percent in incoming calls and a 17-percent boost in conversions by integrating tracking phone numbers into its ads.

While this information is highly useful for campaign optimization, it is also indicative of a larger call tracking need.

Google Call Metrics only tracks calls from individuals that viewed an ad on search-results pages. It doesn’t track the number of calls the company received after a visitor clicked on the ad and arrived on the landing page, nor calls that resulted from Bing PPC traffic, or any other marketing campaign for that matter.

How to Get Started:

To get started evaluating your call tracking needs with Google Call Metrics, read the following Search Engine Land post that provides step-by-step instructions on how to set up Google Call Metrics, as well as other ad extensions. Google Call Metrics is free to try for the time being.

Please note: This feature may not be available on your account yet because it is in limited release, but you can petition Google to include the option on your account.

Once activated, look at the number of incoming calls, which may be as few as one or two a week depending on your ad spend, industry or product/service.

If your ads are generating calls, it’s probably safe to assume that your landing pages, are also driving phone conversions, and you may have a need for a call tracking solution.

What Next?

Once you’ve established that you have a need, here are five steps to help you start your search for a call tracking solution.

Remember, by capturing offline conversion data, you’re completing the lead-conversion picture. The more accurate this picture, the better armed you are to make effective campaign updates that can improve performance and boost ROI.

What are some other ways to determine whether a campaign could benefit from a call tracking?


23
Mar 11

Hot Topic: Conversion Rate Optimization for Digital Marketers

One of today’s hottest topics is conversion rate optimization. Simply put, conversion rate optimization is the method of creating an experience for a website or landing page visitor with the goal of increasing the percentage of visitors that convert into customers.

As marketers from across industries become savvier at using and interpreting complex marketing data to guide their decisions around site design and marketing spending, the topic of conversion rate optimization is gaining traction.

The subject even has its own family of hashtags on Twitter. Search on #cro , #lpo or #abtest and you’ll likely find a multitude of sources.

Here’s a round-up of five recent articles which address the topic:

5 Ways to Create Engaging, Conversion-Oriented Web Pages by ion interactive

Conversion oriented web pages are made to sell. There’s no beating around the bush, they take the direct line and ask for the form submission, phone call or sale. But in order to actually get what they want, conversion-oriented web pages have to engage the visitor; the page has to pull the visitor in and persuade him/her to take the desired action.

What Can Social Media Teach us about Conversion Optimization? via searchengineland.com

We need to provide an experience that makes our users feel comfortable, safe, and confident in their decision to go with our products. Combining more human elements with landing page best practices is the future of optimization, and a very lucrative one at that

8 Questions that could Boost Your Website Conversion Rate

Don’t you find it interesting that in spite of the many stealthy, magic and ninja tools available to us internet marketers, we somehow still manage to screw up and create web pages that have less than 1% conversion rate (CR)? Indeed, it’s regarded impressive to have a 3% conversion rate.

Which Test Won? Test of the Week – Which landing page produced a 23 percent lift?

Did you get the right answer? Make your best guess and see results immediately.

Calculate Lead Value and Improve Marketing Campaign Performance

To calculate lead value, you must have access to lead and conversion data. The more data you can collect the more useful it becomes, as you can better segment leads and get more granular with your analysis.

Tell us how you use creative conversion rate optimization techniques to improve your business.


22
Mar 11

Has Call Tracking Transformed Your Business? Tell us and win an iPad.

Satisfied call tracking clients often tell us how call tracking has completely optimized their marketing spending. If this is the case for your business we’d love to hear about it.

Tell us your Call Tracking Success Story and win an iPad

All responses will be entered into a random drawing to win one of two iPads. We will announce the winners here on the Mongoose Metrics blog on June 30, 2011.

How to enter (do one of the following):

  • Send an email to our director of marketing and content, Kathleen Colan (kathleen.colan@mongoosemetrics.com) describing your experience with Mongoose Metrics call tracking.
  • Write a blog post about your experience and send us the link.
  • Upload a video to YouTube and share the link with us.

All entries must be received by June 27 to be eligible to participate in the random drawing for one of two iPads.

All submissions become the property of Mongoose Metrics and may be featured on our Customer Testimonials page or in other content.


22
Mar 11

Mongoose Metrics at Search Engine Strategies New York 2011 – Booth 2305

The Mongoose Metrics team has landed in Manhattan for the annual jamboree of online marketers known as SES — Search Engine Strategies taking place today through March 24. We’re always delighted to reconnoiter with the best minds in search and share our knowledge about tracking offline conversions resulting from online search.

Here’s four ways to engage with us at the conference:

  • Stop by booth #2305 and meet with our knowledgeable team lead by Rob Bisker, Drew Johnson and Matt Staton.
  • Keep up with the knowledge stream by following the conference hashtag on Twitter with #SESNY.
  • Follow us on Twitter @mongoosemetrics for a curated stream of the best intel from SES speaker sessions.
  • Call or email Rob Bisker to set up a meeting: rob.bisker@mongoosemetrics.com, 216.225.7449.

Read more about the Top Five Reasons to learn about call tracking.


18
Mar 11

Keyword Call Tracking for Digital Marketing

How valuable are phone calls to your business?

If a significant percentage of your customer base converts offline, keyword call tracking is a necessary tool for understanding:

  • Which keywords drive the most phone calls?
  • Which keywords deliver the least phone calls?

With these two answers firmly in hand you can quickly and efficiently adjust keyword spending in real-time for significant savings.

David Jaeger, director of SEM for NationalPositions.com, has this to say, “We just saved a client $10,000 per month off of their PPC spending by implementing keyword call tracking from Mongoose Metrics. The data we received from Mongoose immediately showed our client, a prominent DUI attorney who spends more than $50,000 per month on PPC advertising, how to optimize PPC as well as SEO by revealing the keywords, times of day as well as the geo-locations driving the most phone calls.

“Essentially, call tracking helps clients realize that their Internet marketing “expense” is truly an Internet marketing “investment.” Our philosophy focuses on getting clients to think about not just what they are spending but what their ad budgets are returning, and call tracking has been integral to our success in helping numerous businesses attain exponential ROI. Overall, it’s really a valuable service.”

How it Works

Call tracking dynamically inserts a unique phone number (local or toll-free) on a web page which relates back to the source (in this case, keyword) which generated the website visit. More than a dozen data points are then collected and populated in the Mongoose customer dashboard.

The following screenshots depict data from one of Mongoose’s own campaigns:

 


16
Mar 11

Calculate Lead Value and Improve Marketing Campaign Performance

Lead value is the average amount a lead (e.g. web form completion, phone call, online purchase) is likely to generate in revenue.

While on a macro level this is useful, the real value comes when lead value is identified for a specific lead source or marketing initiative.

With this information, you can gain a much deeper understanding of what activities drive leads with the highest revenue potential. As a result, you can make more focused campaign decisions, such as allocating budgets towards activities that have the greatest impact on the bottom line.

Data Collection

To calculate lead value, you must have access to lead and conversion data. The more data you can collect the more useful it becomes, as you can better segment leads and get more granular with your analysis.

There are three tools you will need to calculate lead value:

1. Web analytics

Using web analytics software, such as Google Analytics, Adobe/Omniture or Webtrends, you can:

• Track online lead conversions (i.e. web form completions, ecommerce checkouts).

• Indentify where online leads originate (i.e. search engine, online ad, social media, referring website).

• Track offline lead conversions (phone calls).

• Gather useful lead traffic data (i.e. pages viewed, repeat visits and time on site.)

2. Call Tracking

Call tracking solutions, such as Mongoose Metrics and others, are necessary to track offline conversions. These solutions record the source of any lead that chooses to call rather than complete a web form or purchase online.

To gather this data, the platform dynamically changes the phone number that appears on your website, based on the traffic source. Tracking phone numbers can also be assigned and integrated directly into offline campaigns (e.g. TV ads, radio spots, billboards, print ads, fliers etc.) to capture source information for leads that may never visit the website.

3. Customer Relationship Management (CRM) System

CRMs, such as Salesforce and SugarCRM, allow marketing and sales professionals to organize and track lead communications, customer conversions and generated revenue.

Several CRMs also enable you to integrate web analytics and call tracking data associated with individual leads.

Calculate Lead Value

Once you’ve collected a good sample of data, calculating lead value is a fairly straightforward process:

1. Create a report that includes all leads and associated revenue. Make sure the report includes leads that have not converted into customers.

2. Add all leads together = Total Leads.

3. Add all sales together = Total Revenue.

4. Divide total leads by total revenue = Lead Value.

Total Leads / Total Revenue = Lead Value

What to Do With The Data

This formula can be applied to your total lead volume, or used on a more specific category of leads (e.g. online marketing, online advertising, PPC campaigns, PPC keyword bids). The more detailed you can be with your data collection, the better equipped you’ll be to:

• Allocate marketing budgets to campaigns that produce the most valuable leads.

• Cut budgets on campaigns that don’t drive quality leads.

• A/B test campaign updates to see if lead value improves.

• Evaluate the ability of a lead nurturing campaign to improve lead value.

• Improve sales performance by adjusting follow-up communications, messaging, and even an individual sales professional’s technique.

How are you using lead value to improve your marketing campaign performance? Share your insight in the comments below.


13
Mar 11

Geeks on Parade: Faces of South by Southwest

The geeks descended on Austin, Texas in droves for the 2011 South by Southwest interactive festival this week where an estimated 15,000 attendees laden with the latest technology gadgets and big ideas congregated for one of the world’s largest tech meetups. With hundreds of sessions ranging from, “How Not to be a Douchebag at South by Southwest,” to “Match.com and Foursquare Sitting in a Tree,” the crowds got their fill from influencers such as Google’s Marissa Mayer, content strategist David Meerman Scott and media maven Tim O’Reilly.

In between parties sponsored by Chevrolet, Razorfish, HP, ebay and dozens of others, the tech-set lined up at Starbucks, mobbed the massive gaming hall and descended on Apple’s surprise pop-up store to buy the iPad 2.


8
Mar 11

Call Tracking for Offline Traditional Advertising: Print, Broadcast and Billboard

Whether your small or medium-size business is local, national, B2B, or highly specialized, you already understand the necessity of offline marketing — print, broadcast, billboard, and direct advertising — and how critical each is to capturing the attention of customers. But how can you tell which medium is best for you? Which advertisements are working? Call tracking can help provide a cost-effective answer.

If you’re trying to get people to call your number, you need to know as much as you can about what motivated them to call you. And if you’re driving potential customers to a website, you need to anticipate that as they get closer to converting, they’ll pick up the phone to place an order or ask a question.

Veteran web analyst Jason Cutroni notes the importance of understanding what’s driving the call: “Sure, you can see there are phone calls coming in, but if you’re spending money specifically to drive people to your website through different mar¬keting initiatives, and then get them to call you, you really need to understand, ‘I’ve got this many calls, is that good?’”

The more potential customers need to know, the more you need to know about them. Call tracking fills that need.

Marketing consultant and columnist Alan K’necht has seen his clients reap benefits from the technology: “Call tracking can help you by identifying more accurately which ads are working and driv-ing sales, versus ads that are driving the tire-kickers. Are those ads driving phone calls that go nowhere? Are those ads driving phone calls that then go on to convert? Once you gather that intelligence, you can then optimize based on additional customer tracking infor¬mation — what are the nature of these calls? What kind of ques¬tions are they asking? Can I modify my ads?”

Here’s how it works: every piece of advertising — billboard, radio ad, tv commercial, business card, refrigerator magnet – features a unique number (toll-free or local), along with a unique, easily-remembered web address. If the ad triggers a phone call, the call is immediately logged to a web page, along with all the information about the call — customer location, duration of the call, and offline source.

If the ad triggers a web hit, the offline source is used to assign a dynamic, session-based phone number, and the user’s visit is then tracked and logged – then, if the user decided to pick up the phone to place an order or ask a question, the number called connects straight back to that original advertisement, business card, or trinket. In either case, once a call is completed (and optionally, recorded) the operator can log the results. The result is an easily-analyzed report, showing which sources resulted in which kinds of conversions.

Now you’ve got a record of exactly which sector drove which result — data that can guide your spending. Take them all together for a particular time, survey them using analytics tools — and a simple ROI calculator will furnish you with a comparison of all your advertising media. You’ll be able to see how many of each medium brought in each call.

Call tracking is simple to implement, inexpensive — and might just be indispensable at a time when budgets are strained and you need to make sure that you’re getting value for your advertis¬ing dollar. Once you see the numbers, you can determine whether that spike is due to that direct-mail campaign, the April broadcast buy, traffic around your billboard, or your daily newspaper ad.

Using call tracking is the most cost-efficient way to guide your advertising budget, especially if you’ve already committed to the phone contact. Knowing which medium is the likeliest to lead to conversions is the best way to ensure you’re getting the most bang for your advertising buck.


8
Mar 11

Mongoose Metrics CEO Bradley Reynolds featured on cover of COSE Update

The March issue of COSE Update, the monthly magazine of Northeast Ohio’s Council of Smaller Enterprises, features Mongoose Metrics’ CEO Bradley Reynolds on the cover in a story about using social media to drive business.

Read the story here.