Administrator – SPINSAWARD.COM https://spinsaward.com/ Fri, 31 May 2024 11:18:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 Responsive Search Ads: 5 Best Practices for Google Ads PPC Search Campaigns https://spinsaward.com/responsive-search-ads-5-best-practices-for-google-ads-ppc-search-campaigns/ https://spinsaward.com/responsive-search-ads-5-best-practices-for-google-ads-ppc-search-campaigns/#respond Fri, 31 May 2024 11:18:27 +0000 https://spinsaward.com/?p=72402 The author’s views are entirely their own (excluding the unlikely event of hypnosis) and may not always reflect the views of Moz.

What are responsive search ads?

Responsive search ads are very flexible ads that automatically adapt to show the right message to the right customer. You enter multiple headlines and descriptions when creating the ad. Google’s machine learning systems will mix headlines and descriptions and test different combinations of the ads to learn which performs best over time. The most relevant message will be shown to the customer.

Responsive search ads are the default ad type in Google Ads Pay Per Click (PPC) search campaigns as of February 18, 2021. This change isn’t surprising, considering Google’s increased focus on automation in Google Ads.

Since responsive search ads adapt their content to show the most relevant message to match customer search terms, they help you reach more customers and may help to increase conversion rates and campaign performance. According to Google, advertisers who use responsive search ads in their ad groups can achieve an increase of up to 10% more clicks and conversions as compared to standard text ads.

But responsive search ads have many more benefits:

Here is an example of a responsive search ad from Google search results:

Discount Electrics ad in Google search results.How to set up responsive search ads in your Google Ads PPC search campaign

Sign into your Google Ads PPC account and select Responsive Search Ad from the Ad menu:

Select Ads and extensions in the left menu

Click on the blue plus button on the top

Select Responsive Search Ad in the menu

Select responsive search ad from the Ad menu

Now you can enter the headlines and descriptions and the landing page for the responsive search ad:

Select a Search Campaign

Select an Ad Group

Enter the Final URL ( this is the landing page URL).

Enter the display paths for the Display URL (this is optional).

Enter at least 5 unique headlines. The minimum is 3 and the maximum is 15. The tool will suggest keywords from the ad group to include in the headlines.

Enter at least 2 unique descriptions. The minimum is 2 and the maximum is 4.

As you create the ad, an ad strength indicator will indicate the ad strength.

As you type the ad, you will see a preview of the Ad in different combinations in the preview panel.

Save the ad

Responsive search ad set up screen

Follow the best practices below to optimize responsive search ads for better performance.

5 best practices when using responsive search ads in your Google Ads PPC search campaigns

These tips will help you optimize your responsive search ads in your Google Ads search campaigns and increase clicks and conversions.

1. Add at least one responsive search ad per ad group with “good” or “excellent” ad strength

Google recommends adding at least one responsive search ad per ad group. Use the ad strength indicator to make sure the responsive search ad has a “good” or ”excellent” ad strength, as this improves the chances that the ad will show. Remember, the maximum number of enabled responsive search ads allowed per ad group is three.

It’s best to create very specific ad groups based on your products with at least three quality ads, as recommended by Google. This enables Google’s systems to optimize for performance and may result in more clicks.

Responsive search ad in ad group 2. Add several unique headlines and descriptions

The power of the flexible format of responsive search ads lies in having multiple ad combinations and keywords that can match customer search terms. This helps to increase search relevance and reach more customers.

When building your responsive search ads, add as many unique headlines as you can to increase possible ad combinations and improve campaign performance.

The headlines and descriptions in a responsive search ad can be shown in multiple combinations in any order. It’s therefore important to ensure that these assets are unique from each other and work well together when they are shown in different ad combinations.

When creating a responsive search ad, you can add up to fifteen headlines and four descriptions. The responsive search ad will show up to three headlines and two descriptions at a time. On smaller screens, like mobile devices, it may show with two headlines and one description.

Here are tips for adding headlines and descriptions:

1. Create at least 8-10 headlines so that there are more ad combinations to show. More ad combinations helps to increase ad relevance and improve ad group performance.

To increase the chances that the ad will show, enter at least five headlines that are unique from each other. Do not repeat the same phrases as that will restrict the number of ad combinations that are generated by the system.

You can use some headlines to focus on important product or service descriptions.

Include your popular keywords in at least two headlines to increase ad relevance. As you create the responsive search ad, the tool will recommend popular keywords in the ad group to include in headlines to improve ad performance.

Make sure that you DO NOT include keywords in three headlines so that more ad combinations are generated. Instead you can highlight benefits, special services, special hours, calls to action, shipping and return policies, special promotions, taglines, or ratings.

Try adding headlines of different lengths. Do not max out the characters in every headline. Google’s systems will test both long and short headlines.

There are 30 characters for each headline.

2. Include two descriptions that are unique. The maximum is four descriptions.

Descriptions should focus on describing product or service features that are not listed in the headlines, along with a call to action.

There are 90 characters for each description.

An example of creating a responsive search ad with headlines and descriptions is shown in the figure below.

Entering headlines and descriptions for the responsive search ad

3. Use popular content from your existing expanded text ads

Use headlines and descriptions from your existing expanded text ads in the ad group when writing your headlines and descriptions for the responsive search ads. This helps you get more ad combinations with keywords that have already been proven to be successful in your marketing campaign.

Expanded text ad
Expanded text ad for Google Ads Consulting.4. Pin headlines & descriptions to specific positions to control where they appear. Use sparingly.

Responsive search ads will show headlines and descriptions in any order by default. To control the positions of text in the ad, you can pin headlines and descriptions to certain positions in the ad. Pinning is a new concept introduced with responsive search ads.

According to Google, pinning is not recommended for most advertisers because it limits the number of ad combinations that can be matched to customer search terms and can impact ad performance.

Use the pinning feature sparingly. Pinning too many headlines and descriptions to fixed positions in the responsive search ad reduces the effectiveness of using this flexible ad format to serve multiple ad combinations.

1. If you have text that must appear in every ad, you should enter it in either Headline Position 1, Headline Position 2 or Description Position 1, and pin it there. This text will always show in the ad.

2. You can also pin headlines and descriptions that must always be included in the ad to specific positions in the ad. For example, disclaimers or special offers.

3. To pin an asset, hover to the right of any headline or description when setting up the Ad and click on the pin icon that appears. Then select the position where you want the headline or description to appear.

4. Pinning a headline or description to one position will show that asset in that position every time the ad is shown. For increased flexibility, it is recommended to pin 2 or 3 headlines or descriptions to each position. Any of the pinned headlines or descriptions can then be shown in the pinned position so that you still have different ad combinations available.

5. Click Save.

The image below shows a headline pinned in position 1 and a description pinned in position 2. The Ad will always show this headline and description in the pinned positions every time it runs.

Pinning headlines and descriptions to specific positions5. Increase ad strength to improve performance

As you create a responsive search ad, you will see an ad strength indicator on the right with a strength estimate. The ad strength indicator helps you improve the quality and effectiveness of your ads to improve ad performance.

Improving ad strength from “Poor” to ‘Excellent’ can result in up to 9% more clicks and conversions, according to Google.

1. Ad strength measures the relevance, diversity and quality of the Ad content.

2. Some of the ad strength suggestions include

Adding more headlinesIncluding popular keywords in the headlinesMaking headlines more uniqueMaking descriptions more unique

3. Click on “View Ideas” to see suggestions provided by the tool to improve ad relevance and ad quality.

4. The ad strength ratings include “Excellent”, “Good”, “Average” , “Poor” and “No Ads”.

5. Try to get at least a “Good” rating by changing the content of headlines or descriptions or by adding popular keywords. If you have a lot of assets pinned to specific positions, try unpinning some of the assets to improve ad strength.

Ad strength indicatorAre expanded text ads still supported?

Expanded text ads are still supported but they are no longer the default ad format in Google Ads paid search campaigns.

You can still run expanded text ads in your ad groups along with the responsive search ads. Google recommends having one responsive search ad along with two expanded text ads in an ad group to improve performance.

However, Google has removed the option to add a text ad directly from the Ads and extensions menu. When you add a new ad, the menu now lists only options to add a Responsive Search Ad, Call Ad, Responsive Display Ad and Ad variations.

You can still add an expanded text ad although you cannot add it directly from the Ads and extensions menu. Follow these steps,

In the Ads and extensions menu, click to select Responsive search ads.

This opens up the editing menu to create a responsive search ad.

Then click on “switch back to text ads” on the top to create a text ad.

The removal of expanded text ads from the Ad and extensions menu certainly suggests that Google may be planning to phase out expanded text ads in the future. However, they continue to be supported at this time.

How to add expanded text ads to your ad groupConclusion

In summary, responsive search ads continue the progression towards automation and machine learning in Google Ads. We have used responsive search ads in PPC search campaigns at our digital marketing agency, and have seen an increase in clicks and CTR as compared to expanded text ads.

You can improve the performance of your Google Ads PPC search campaigns by following these five best practices for responsive search ads:

Add at least one responsive search ad per ad group.

Add several unique headlines and descriptions.

Use popular content from your expanded text ads.

Pin some of the assets to control where they appear in the ad.

Increase ad strength to at least a “good” rating to improve ad performance.

Other best practices recommended by Google include:

Have other optimization tips? Share them with #MozBlog on Twitter or LinkedIn.

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Core Web Vitals: WordPress, Wix, Squarespace, Joomla, Duda, & Drupal via @sejournal, @martinibuster https://spinsaward.com/core-web-vitals-wordpress-wix-squarespace-joomla-duda-drupal-via-sejournal-martinibuster/ https://spinsaward.com/core-web-vitals-wordpress-wix-squarespace-joomla-duda-drupal-via-sejournal-martinibuster/#respond Fri, 31 May 2024 10:18:37 +0000 https://spinsaward.com/?p=72399

The Core Web Vitals technology report shows that five out of six of the most popular content management systems performed worse in April 2024 when compared to the beginning of the year. The real-world performance data collected by HTTPArchive offers some clues about why performance scores are trending downward.

Core Web Vitals Technology Report

The rankings for Core Web Vitals (CWV) are a mix of real-world and lab data. The real-world data comes from the Chrome User Experience Report (CrUX) and the lab data is from an HTTP Archive public dataset (lab data based on the websites included in the CrUX report).

The data is used to create the Core Web Vitals technology report which can be sliced and diced to measure the mobile and desktop performances for a wide variety of content management systems in any combination, as well as provide data on JavaScript, CSS HTML and image weight data.

The data reported in the Search Engine Journal articles are based on measurements of mobile data. The scores are in the form of percentages which represent the percentages of website visits that resulted in a good Core Web Vitals (CWV) score.

This is the background on the HTTP Archive scoring for CWV:

“Core Web VitalsThere may be different approaches to measure how well a website or group of websites performs with CWV. The approach used by this dashboard is designed to most closely match the CWV assessment in PageSpeed Insights”

This is the background information about the HTTP Archive lab data:

“HTTP Archive measures individual web pages, not entire websites. And due to capacity limitations, HTTP Archive is limited to testing one page per website. The most natural page to test for a given website is its home page, or the root page of the origin.”

Source of quotes, HTTP Archive.

Top Core Web Vitals Performance

The highest performing content management system (CMS) of the six CMS under comparison is Duda, a closed-source website builder platform that is used by agencies and developers for creating and managing large portfolios of client sites. 71% of website visits resulted in a good core web vitals score. Duda’s score is 13 percentage points ahead of the second place winner, Squarespace, another closed source website building platform.

Sites built with Duda consistently have higher CWV performance rates than any other CMS, by a wide margin. Squarespace, Drupal and Wix are bunched together with similar performance scores, with the Joomla and WordPress scoring in fifth and sixth place.

WordPress Is Faster But Other Factors Slowing It Down

Although WordPress is ranked in sixth place, it’s performance did not drop as much as the other leading content management systems, quite possibly reflecting the many performance improvements inpresent in each new version of WordPress. WordPress 6.5, released in early April 2024, featured over 100 performance improvements to the backend and the front end.

The performance score for WordPress was slightly lower in April 2024 than in the beginning of the year, but less than one percentage point. However, that percentage drop is lower than the top ranked CMS, Duda, which experienced a drop of 5.41 percentage points.

Chrome Lighthouse is an automated tool for measuring website performance. The Lighthouse scores for WordPress in January of this year was 35%, which means that 35% of measured WordPress sites had a good Lighthouse CWV score. The CWV score took a dip in February and March but it zipped back to 35% in April, perhaps reflecting the many performance improvements in WordPress version 6.5.

The scores for the average Page Weight is likely where the performance lagged. Page Weight is the average number of bytes sent over the network, which could be compressed. The average Page Weight of WordPress sites started out at 568.48 in January and increased to 579.92, an increase of 11.44.

The average download size of images when compared from January to April 2024 increased by 49.5 Kilobytes but that’s something that has more to do with how publishers use WordPress and not how WordPress is being used. These could be contributing to the essentially flat performance change this year. But again, virtually no change in performance is better than what’s going on with other content management systems which experienced larger drops in their performance rates.

Top CWV Performance By CMS

The list of CWV performance represents the percentage of sites using a given CMS that has a good CWV score. Here is the list of the top performers with their respective percentage rates:

Duda 71%
Squarespace 58%
Drupal 54%
Wix 52%
Joomla 43%
WordPress 38%

Performance Drops By CMS

Comparing the performance drop by CMS shows a weird trend in that four out of six content management systems had relatively high drops in performance. The following is a comparison of performance drops by percentage points, indicated with a minus sign.

List By Performance Change

Wix -7.11
Duda -5.41
Joomla -2.84
Drupal -2.58
WordPress -0.71

As can be seen above, WordPress had the lowest drop in performance. Wix and Duda had the steepest drops in performance while Squarespace was the only CMS with an increase in performance, with a positive score of +3.92.

Interaction To Next Paint – INP

What probably happened to the scores, a likely reason, is that Interaction To Next Paint became an official Core Web Vital, replacing First Input Delay (FID). FID had limitations to the breadth of what it was measuring (the first input) whereas INP covers the entire user experience better.  INP became an official Core Web Vital in March 2024 and that may play a role in the dips in CWV seen in some of the scores.

Core Web Vitals Scores – Takeaways

Duda is clearly the Core Web Vitals performance champ, outscoring every content management system in this comparison. Squarespace, Wix and Drupal are close behind in a tight pack.  Out of the six platforms in this comparison only Squarespace managed to improve their scores this year.

All of the other platforms in this comparison scored less well in April compared to the beginning of the year, possibly due to increases in page weight, particularly in images but there might be something else that accounts for this anomaly that isn’t accounted for  in the HTTP Archive reports.

The WordPress performance team continues to score notable improvements to the WordPress core and the slight performance drop of less than one percent may be because of how publishers are using the platform.

It’s safe to say that all the platforms in this comparison are winners because all of them show steady improvements in general.

Explore the HTTP Archive Core Web Vitals report here.

Featured Image by Shutterstock/Roman Samborskyi

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Winning the Page Speed Race: How to Turn Your Clunker of a Website Into a Race Car https://spinsaward.com/winning-the-page-speed-race-how-to-turn-your-clunker-of-a-website-into-a-race-car/ https://spinsaward.com/winning-the-page-speed-race-how-to-turn-your-clunker-of-a-website-into-a-race-car/#respond Fri, 31 May 2024 10:16:39 +0000 https://spinsaward.com/?p=72397 The author’s views are entirely their own (excluding the unlikely event of hypnosis) and may not always reflect the views of Moz.

A brief history of Google’s mission to make the web faster

In 2009, by issuing a call to arms to “make the web faster”, Google set out on a mission to try and persuade website owners to make their sites load more quickly.

In order to entice website owners into actually caring about this, in 2010 Google announced that site speed would become a factor in its desktop (non-mobile) search engine ranking algorithms. This meant that sites that loaded quickly would have an SEO advantage over other websites.

Six years later, in 2015, Google announced that the number of searches performed on mobile exceeded those performed on desktop computers. That percentage continues to increase. The latest published statistic says that, as of 2019, 61% of searches performed on Google were from mobile devices.

Mobile’s now-dominant role in search led Google to develop its “Accelerated Mobile Pages” (AMP) project. This initiative is aimed at encouraging website owners to create what is essentially another mobile theme, on top of their responsive mobile theme, that complies with a very strict set of development and performance guidelines.

Examples of responsive and AMP mobile themes.

Although many site owners and SEOs complain about having to tend to page speed and AMP on top of the other 200+ ranking factors that already give them headaches, page speed is indeed a worthy effort for site owners to focus on. In 2017, Google conducted a study where the results very much justified their focus on making the web faster. They found that “As page load time goes from one second to 10 seconds, the probability of a mobile site visitor bouncing increases 123%.

In July of 2018, page speed became a ranking factor for mobile searches, and today Google will incorporate even more speed-related factors (called Core Web Vitals) in its ranking algorithms.

With the average human attention span decreasing all the time, and our reliance on our mobile devices growing consistently, there’s no question that page speed is, and will continue to be, an incredibly important thing for website owners to tend to.

How to optimize a website for speed
Think like a race car driver

Winning the page speed race requires the same things as winning a car race. To win a race in a car, you make sure that your vehicle is as lightweight as possible, as powerful as possible, and you navigate the racetrack as efficiently as possible.

I’ll use this analogy to try to make page speed optimization techniques a bit more understandable.

Make it lightweight

These days, websites are more beautiful and functional than ever before — but that also means they are bigger than ever. Most modern websites are the equivalent of a party bus or a limo. They’re super fancy, loaded with all sorts of amenities, and therefore HEAVY and SLOW. In the search engine “racetrack,” you will not win with a party bus or a limo. You’ll look cool, but you’ll lose.

Breakdown of page file size, including JavaScript and images, showing a total of 2.23MB.

Image source: A GTMetrix test results page

To win the page speed race, you need a proper racing vehicle, which is lightweight. Race cars don’t have radios, cupholders, glove boxes, or really anything at all that isn’t absolutely necessary. Similarly, your website shouldn’t be loaded up with elaborate animations, video backgrounds, enormous images, fancy widgets, excessive plugins, or anything else at all that isn’t absolutely necessary.

In addition to decluttering your site of unnecessary fanciness and excessive plugins, you can also shed website weight by:

Reducing the number of third-party scripts (code snippets that send or receive data from other websites)

Switching to a lighter-weight (less code-heavy) theme and reducing the number of fonts used

Implementing AMP

Optimizing images

Compressing and minifying code

Performing regular database optimizations

On an open-source content management system like WordPress, speed plugins are available that can make a lot of these tasks much easier. WP Rocket and Imagify are two WordPress plugins that can be used together to significantly lighten your website’s weight via image optimization, compression, minification, and a variety of other page speed best practices.

Give it more power

You wouldn’t put a golf cart engine in a race car, so why would you put your website on a dirt-cheap, shared hosting plan? You may find it painful to pay more than a few dollars per month on hosting if you’ve been on one of those plans for a long time, but again, golf cart versus race car engine: do you want to win this race or not?

Traditional shared hosting plans cram tens of thousands of websites onto a single server. This leaves each individual site starved for computing power.

Visual showing shared hosting vs. virtual private server hosting.

If you want to race in the big leagues, it’s time to get a grown-up hosting plan. For WordPress sites, managed hosting companies such as WP Engine and Flywheel utilize servers that are powerful and specifically tuned to serve up WordPress sites faster.

If managed WordPress hosting isn’t your thing, or if you don’t have a WordPress site, upgrading to a VPS (Virtual Private Server) will result in your website having way more computing resources available to it. You’ll also have more control over your own hosting environment, allowing you to “tune-up your engine” with things like the latest versions of PHP, MySQL, Varnish caching, and other modern web server technologies. You’ll no longer be at the mercy of your shared hosting company’s greed as they stuff more and more websites onto your already-taxed server.

In short, putting your website on a well-tuned hosting environment can be like putting a supercharger on your race car.

Drive it better

Last, but certainly not least, a lightweight and powerful race car can only go so fast without a trained driver who knows how to navigate the course efficiently.

The “navigate the course” part of this analogy refers to the process of a web browser loading a webpage. Each element of a website is another twist or turn for the browser to navigate as it travels through the code and processes the output of the page.

I’ll switch analogies momentarily to try to explain this more clearly. When remodeling a house, you paint the rooms first before redoing the floors. If you redid the floors first and then painted the rooms, the new floors would get paint on them and you’d have to go back and tend to the floors again later.

When a browser loads a webpage, it goes through a process called (coincidentally) “painting.” Each page is “painted” as the browser receives bits of data from the webpage’s source code. This painting process can either be executed efficiently (i.e. painting walls before refinishing floors), or it can be done in a more chaotic out-of-order fashion that requires several trips back to the beginning of the process to redo or fix or add something that could’ve/should’ve been done earlier in the process.

WebPageTest.org Test Result (Filmstrip View)

Image source: WebPageTest.org Test Result (Filmstrip View)

Here’s where things can get technical, but it’s important to do whatever you can to help your site drive the “track” more efficiently.

Caching is a concept that every website should have in place to make loading a webpage easier on the browser. It already takes long enough for a browser to process all of a page’s source code and paint it out visually to the user, so you might as well have that source code ready to go on the server. By default, without caching, that’s not the case.

Without caching, the website’s CMS and the server can still be working on generating the webpage’s source code while the browser is waiting to paint the page. This can cause the browser to have to pause and wait for more code to come from the server. With caching, the source code of a page is pre-compiled on the server so that it’s totally ready to be sent to the browser in full in one shot. Think of it like a photocopier having plenty of copies of a document already produced and ready to be handed out, instead of making a copy on demand each time someone asks for one.

Various types and levels of caching can be achieved through plugins, your hosting company, and/or via a CDN (Content Delivery Network). CDNs not only provide caching, but they also host copies of the pre-generated website code on a variety of servers across the world, reducing the impact of physical distance between the server and the user on the load time. (And yes, the internet is actually made up of physical servers that have to talk to each other over physical distances. The web is not actually a “cloud” in that sense.)

Visual showing how a content delivery network works.

Getting back to our race car analogy, utilizing caching and a CDN equals a much faster trip around the racetrack.

Those are two of the basic building blocks of efficient page painting, but there are even more techniques that can be employed as well. On WordPress, the following can be implemented via a plugin or plugins (again, WP Rocket and Imagify are a particularly good combo for achieving a lot of this):

Asynchronous and/or deferred loading of scripts. This is basically a fancy way of referring to loading multiple things at the same time or waiting until later to load things that aren’t needed right away.

Preloading and prefetching. Basically, retrieving data about links in advance instead of waiting for the user to click on them.

Lazy loading. Ironic term being that this concept exists for page speed purposes, but by default, most browsers load ALL images on a page, even those that are out of sight until a user scrolls down to them. Implementing lazy loading means telling the browser to be lazy and wait on loading those out-of-sight images until the user actually scrolls there.

Serving images in next-gen formats. New image formats such as WebP can be loaded much faster by browsers than the old-fashioned JPEG and PNG formats. But it’s important to note that not all browsers can support these new formats just yet — so be sure to use a plugin that can serve up the next-gen versions to browsers that support them, but provide the old versions to browsers that don’t. WP Rocket, when paired with Imagify, can achieve this.

WP Rocket plugin settings

Image source: WP Rocket plugin settings

Optimize for Core Web Vitals

Lastly, optimizing for the new Core Web Vital metrics (Largest Contentful Paint, First Input Delay, and Cumulative Layout Shift) can make for a much more efficient trip around the racetrack as well.

Key Core Web Vitals: Largest Contentful Paint, First Input Delay, and Cumulative Layout Shift.

Image source

These are pretty technical concepts, but here’s a quick overview to get you familiar with what they mean:

Largest Contentful Paint (LCP) refers to the painting of the largest element on the page. Google’s PageSpeed Insights tool will tell you which element is considered to be the LCP element of a page. A lot of times this is a hero image or large slider area, but it varies from page to page, so run the tool to identify the LCP in your page and then think about what you can do to make that particular element load faster. Google PageSpeed Insights showing the Largest Contentful Paint element.

First Input Delay (FID) is the delay between the user’s first action and the browser’s ability to respond to it. An example of an FID issue would be a button that is visible to a user sooner than it becomes clickable. The delay would be caused by the click functionality loading notably later than the button itself.

Cumulative Layout Shift (CLS) is a set of three big words that refer to one simple concept. You know when you’re loading up a webpage on your phone and you go to click on something or read something but then it hops up or down because something else loaded above it or below it? That movement is CLS, it’s majorly annoying, and it’s a byproduct of inefficient page painting.

In conclusion, race car > golf cart

Page speed optimization is certainly complex and confusing, but it’s an essential component to achieve better rankings. As a website owner, you’re in this race whether you like it or not — so you might as well do what you can to make your website a race car instead of a golf cart!

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Postie launches CRM Optimization for direct mail https://spinsaward.com/postie-launches-crm-optimization-for-direct-mail/ https://spinsaward.com/postie-launches-crm-optimization-for-direct-mail/#respond Fri, 31 May 2024 10:14:43 +0000 https://spinsaward.com/?p=72394

Postie, the direct mail platform, has unveiled a new CRM Optimization engine that uses machine learning to automate the analysis of brands’ CRM data to identify best audiences for direct mail campaigns. Early usage showed CRM Optimization-identified audiences three-times outperforming audiences pulled randomly from the CRM data.

Why we care. Direct mail? Really? Yes, really. Direct mail items are often seen by all members of the household and they are persistently observable until someone throws them away. In other words, they have potential advantages over digital ads. But direct mail can only be helped by some digitally-savvy, data-driven strategies happening in the background.

Postie is one of the relatively few vendors seeking to bring data to direct mail. Mailing the right audience is surely better than mass mailing a random audience. Of course, the brands that will benefit from machine learning analysis of their CRM data are brands with a lot of CRM data.

Additional capabilities. Postie’s CRM Optimization engine offers the following capabilities beyond identifying best audience segments:

Personalized recommendations on products and offers to send to audience segments.

Continuous learning from campaign performances to optimize ad spend.

Insights into customer behavior4 and preferences based on analysis of years of transaction and mailing data.

The machine learning algorithm improves in accuracy over time, said Postie in a release, and is expected to improve engagement, especially with high and consistent spenders, and reduce churn.

Dig deeper: What is customer relationship management (CRM) and how does it support marketing?

Email:

Business email address

Sign up now
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See terms.

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How Our Website Conversion Strategy Increased Business Inquiries by 37% https://spinsaward.com/how-our-website-conversion-strategy-increased-business-inquiries-by-37/ https://spinsaward.com/how-our-website-conversion-strategy-increased-business-inquiries-by-37/#respond Fri, 31 May 2024 10:12:35 +0000 https://spinsaward.com/?p=72392 The author’s views are entirely their own (excluding the unlikely event of hypnosis) and may not always reflect the views of Moz.

Having a website that doesn’t convert is a little like having a bucket with a hole in it. Do you keep filling it up while the water’s pouring out — or do you fix the hole then add water? In other words, do you channel your budget into attracting people who are “pouring” through without taking action, or do you fine-tune your website so it’s appealing enough for them to stick around?

Our recommendation? Optimize the conversion rate of your website, before you spend on increasing your traffic to it.

Here’s a web design statistic to bear in mind: you have 50 milliseconds to make a good first impression. If your site’s too slow, or unattractive, or the wording isn’t clear, they’ll bounce faster than you can say “leaky bucket”. Which is a shame, because you’ve put lots of effort into designing a beautiful product page and About Us, and people just aren’t getting to see it.

As a digital web design and conversion agency in Melbourne, Australia, we’ve been helping our customers optimize their websites for over 10 years, but it wasn’t until mid-2019 that we decided to turn the tables and take a look at our own site.

As it turned out, we had a bit of a leaky bucket situation of our own: while our traffic was good and conversions were okay, there was definitely room for improvement.

In this article, I’m going to talk a little more about conversions: what they are, why they matter, and how they help your business. I’ll then share how I made lots of little tweaks that cumulatively led to my business attracting a higher tier of customers, more inquiries, plus over $780,000 worth of new sales opportunities within the first 26 weeks of making some of those changes. Let’s get into it!

What is conversion?

Your conversion rate is a figure that represents the percentage of visitors who come to your site and take the desired action, e.g. subscribing to your newsletter, booking a demo, purchasing a product, and so on.

Conversions come in all shapes and sizes, depending on what your website does. If you sell a product, making a sale would be your primary goal (aka a macro-conversion). If you run, say, a tour company or media outlet, then subscribing or booking a consultation might be your primary goal.

If your visitor isn’t quite ready to make a purchase or book a consultation, they might take an intermediary step — like signing up to your free newsletter, or following you on social media. This is what’s known as a micro-conversion: a little step that leads towards (hopefully) a bigger one.

A quick recap

A conversion can apply to any number of actions — from making a purchase, to following on social media.

Macro-conversions are those we usually associate with sales: a phone call, an email, or a trip to the checkout. These happen when the customer has done their research and is ready to leap in with a purchase. If you picture the classic conversion funnel, they’re already at the bottom.

Conversion funnel showing paying clients at the bottom.

Micro-conversions, on the other hand, are small steps that lead toward a sale. They’re not the ultimate win, but they’re a step in the right direction.

Most sites and apps have multiple conversion goals, each with its own conversion rate.

Micro-conversions vs. macro-conversions: which is better?

The short answer? Both. Ideally, you want micro- and macro-conversions to be happening all the time so you have a continual flow of customers working their way through your sales funnel. If you have neither, then your website is behaving like a leaky bucket.

Here are two common issues that seem like good things, but ultimately lead to problems:

High web traffic (good thing) but no micro- or macro-conversions (bad thing — leaky bucket alert)

High web traffic (good thing) plenty of micro-conversions (good thing), but no macro conversions (bad thing)

A lot of businesses spend heaps of money making sure their employees work efficiently, but less of the budget goes into what is actually one of your best marketing tools: your website.

Spending money on marketing will always be a good thing. Getting customers to your site means more eyes on your business — but when your website doesn’t convert visitors into sales, that’s when you’re wasting your marketing dollars. When it comes to conversion rate statistics, one of the biggest eye-openers I read was this: the average user’s attention span has dropped from 12 to a mere 7 seconds. That’s how long you’ve got to impress before they bail — so you’d better make sure your website is fast, clear, and attractive.

Our problem

Our phone wasn’t ringing as much as we’d have liked, despite spending plenty of dollars on SEO and Adwords. We looked into our analytics and realized traffic wasn’t an issue: a decent number of people were visiting our site, but too few were taking action — i.e. inquiring. Here’s where some of our issues lay:

Our site wasn’t as fast as it could have been (anything with a load time of two seconds or over is considered slow. Ours was hovering around 5-6, and that was having a negative impact on conversions).

Our CTA conversions were low (people weren’t clicking — or they were dropping off because the CTA wasn’t where it needed to be).

We were relying on guesswork for some of our design decisions — which meant we had no way of measuring what worked, and what didn’t.

In general, things were good but not great. Or in other words, there was room for improvement.

What we did to fix it

Improving your site’s conversions isn’t a one-size-fits all thing — which means what works for one person might not work for you. It’s a gradual journey of trying different things out and building up successes over time. We knew this having worked on hundreds of client websites over the years, so we went into our own redesign with this in mind. Here are some of the steps we took that had an impact.

We decided to improve our site

First of all, we decided to fix our company website. This sounds like an obvious one, but how many times have you thought “I’ll do this really important thing”, then never gotten round to it. Or rushed ahead in excitement, made a few tweaks yourself, then let your efforts grind to a halt because other things took precedence?

This is an all-too-common problem when you run a business and things are just… okay. Often there’s no real drive to fix things and we fall back into doing what seems more pressing: selling, talking to customers, and running the business.

Deciding you want to improve your site’s conversions starts with a decision that involves you and everyone else in the company, and that’s what we did. We got the design and analytics experts involved. We invested time and money into the project, which made it feel substantial. We even made EDMs to announce the site launch (like the one below) to let everyone know what we’d been up to. In short, we made it feel like an event.

Graphic showing hummingbird flying in front of desktop monitor with text

We got to know our users

There are many different types of user: some are ready to buy, some are just doing some window shopping. Knowing what type of person visits your site will help you create something that caters to their needs.

We looked at our analytics data and discovered visitors to our site were a bit of both, but tended to be more ready to buy than not. This meant we needed to focus on getting macro-conversions — in other words, make our site geared towards sales — while not overlooking the visitors doing some initial research. For those users, we implemented a blog as a way to improve our SEO, educate leads, and build up our reputation.

User insight can also help you shape the feel of your site. We discovered that the marketing managers we were targeting at the time were predominantly women, and that certain images and colours resonated better among that specific demographic. We didn’t go for the (obvious pictures of the team or our offices), instead relying on data and the psychology of attraction to delve into the mind of the users.

Chromatix website home page showing a bright pink flower and text.
Chromatix web page showing orange hummingbird and an orange flower.We improved site speed

Sending visitors to good sites with bad speeds erodes trust and sends them running. Multiple studies show that site speed matters when it comes to conversion rates. It’s one of the top SEO ranking factors, and a big factor when it comes to user experience: pages that load in under a second convert around 2.5 times higher than pages taking five seconds or more.

Bar chart showing correlation between fast loading pages and a higher conversion rate.

We built our website for speed. Moz has a great guide on page speed best practices, and from that list, we did the following things:

We optimized images.

We managed our own caching.

We compressed our files.

We improved page load times (Moz has another great article about how to speed up time to first Byte). A good web page load time is considered to be anything under two seconds — which we achieved.

In addition, we also customized our own hosting to make our site faster.

We introduced more tracking

As well as making our site faster, we introduced a lot more tracking. That allowed us to refine our content, our messaging, the structure of the site, and so on, which continually adds to the conversion.

We used Google Optimize to run A/B tests across a variety of things to understand how people interacted with our site. Here are some of the tweaks we made that had a positive impact:

Social proofing can be a really effective tool if used correctly, so we added some stats to our landing page copy.

Google Analytics showed us visitors were reaching certain pages and not knowing quite where to go next, so we added CTAs that used active language. So instead of saying, “If you’d like to find out more, let us know”, we said “Get a quote”, along with two options for getting in touch.

We spent an entire month testing four words on our homepage. We actually failed (the words didn’t have a positive impact), but it allowed us to test our hypothesis. We did small tweaks and tests like this all over the site.

Analytics data showing conversion rates.

We used heat mapping to see where visitors were clicking, and which words caught their eye. With this data, we knew where to place buttons and key messaging.

We looked into user behavior

Understanding your visitor is always a good place to start, and there are two ways to go about this:

Quantitative research (numbers and data-based research)

Qualitative research (people-based research)

We did a mixture of both.

For the quantitative research, we used Google Analytics, Google Optimize, and Hotjar to get an in-depth, numbers-based look at how people were interacting with our site.

Heat-mapping software, Hotjar, showing how people click and scroll through a page.

Heat-mapping software shows how people click and scroll through a page. Hot spots indicate places where people naturally gravitate.

We could see where people were coming into our site (which pages they landed on first), what channel brought them there, which features they were engaging with, how long they spent on each page, and where they abandoned the site.

For the qualitative research, we focused primarily on interviews.

We asked customers what they thought about certain CTAs (whether they worked or not, and why).

We made messaging changes and asked customers and suppliers whether they made sense.

We invited a psychologist into the office and asked them what they thought about our design.

What we learned

We found out our design was good, but our CTAs weren’t quite hitting the mark. For example, one CTA only gave the reader the option to call. But, as one of our interviewees pointed out, not everyone likes using the phone — so we added an email address.

We were intentional but ad hoc about our asking process. This worked for us — but you might want to be a bit more formal about your approach (Moz has a great practical guide to conducting qualitative usability testing if you’re after a more in-depth look).

The results

Combined, these minor tweaks had a mighty impact. There’s a big difference in how our site looks and how we rank. The bottom line: after the rebuild, we got more work, and the business did much better. Here are some of the gains we’ve seen over the past two years.

Pingdom website speed test for Chromatix.

Our dwell time increased by 73%, going from 1.5 to 2.5 minutes.

We received four-times more inquiries by email and phone.

Our organic traffic increased despite us not channeling more funds into PPC ads.

Graph showing an increase in organic traffic from January 2016 to January 2020.
Graph showing changes in PPC ad spend over time.

We also realized our clients were bigger, paying on average 2.5 times more for jobs: in mid-2018, our average cost-per-job was $8,000. Now, it’s $17,000.

Our client brand names became more recognizable, household names — including two of Australia’s top universities, and a well-known manufacturing/production brand.

Within the first 26 weeks, we got over $770,000 worth of sales opportunities (if we’d accepted every job that came our way).

Our prospects began asking to work with us, rather than us having to persuade them to give us the business.

We started getting higher quality inquiries — warmer leads who had more intent to buy.

Some practical changes you can make to improve your website conversions

When it comes to website changes, it’s important to remember that what works for one person might not work for you.

We’ve used site speed boosters for our clients before and gotten really great results. At other times, we’ve tried it and it just broke the website. This is why it’s so important to measure as you go, use what works for your individual needs, and remember that “failures” are just as helpful as wins.

Below are some tips — some of which we did on our own site, others are things we’ve done for others.

Tip number 1: Get stronger hosting that allows you to consider things like CDNs. Hiring a developer should always be your top choice, but it’s not always possible to have that luxury. In this instance, we recommend considering CDNs, and depending on the build of your site, paying for tools like NitroPack which can help with caching and compression for faster site speeds.

Tip number 2: Focus your time. Identify top landing pages with Moz Pro and channel your efforts in these places as a priority. Use the 80/20 principle and put your attention on the 20% that gets you 80% of your success.

Tip number 3: Run A/B tests using Google Optimize to test various hypotheses and ideas (Moz has a really handy guide for running split tests using Google). Don’t be afraid of the results — failures can help confirm that what you are currently doing right. You can also access some in-depth data about your site’s performance in Google Lighthouse.

Site performance data in Google Lighthouse.

Tip number 4: Trial various messages in Google Ads (as a way of testing targeted messaging). Google provides many keyword suggestions on trending words and phrases that are worth considering.

Tip number 5: Combine qualitative and quantitative research to get to know how your users interact with your site — and keep testing on an ongoing basis.

Tip number 6: Don’t get too hung up on charts going up, or figures turning orange: do what works for you. If adding a video to your homepage slows it down a little but has an overall positive effect on your conversion, then it’s worth the tradeoff.

Tip number 7: Prioritize the needs of your target customers and focus every build and design choice around them.

Recommended tools

Nitropack: speed up your site if you’ve not built it for speed from the beginning.

Google Optimize: run A/B tests

HotJar: see how people use your site via heat mapping and behaviour analytics.

Pingdom / GTMetrix: measure site speed (both is better if you want to make sure you meet everyone’s requirements).

Google Analytics: find drop-off points, track conversion, A/B test, set goals.

Qualaroo: poll your visitors while they are on your site with a popup window.

Google Consumer Surveys: create a survey, Google recruits the participants and provides results and analysis.

Moz Pro: Identify top landing pages when you connect this tool to your Google Analytics profile to create custom reports.

How to keep your conversion rates high

Treat your website like your car. Regular little tweaks to keep it purring, occasional deeper inspections to make sure there are no problems lurking just out of sight. Here’s what we do:

We look at Google Analytics monthly. It helps to understand what’s working, and what’s not.

We use goal tracking in GA to keep things moving in the right direction.

We use Pingdom’s free service to monitor the availability and response time of our site.

We regularly ask people what they think about the site and its messaging (keeping the qualitative research coming in).

Conclusion

Spending money on marketing is a good thing, but when you don’t have a good conversion rate, that’s when your website’s behaving like a leaky bucket. Your website is one of your strongest sales tools, so it really does pay to make sure it’s working at peak performance.

I’ve shared a few of my favorite tools and techniques, but above all, my one bit of advice is to consider your own requirements. You can improve your site speed if you remove all tags and keep it plain. But that’s not what you want: it’s finding the balance between creativity and performance, and that will always depend on what’s important.

For us as a design agency, we need a site that’s beautiful and creative. Yes, having a moving background on our homepage slows it down a little bit, but it improves our conversions overall.

The bottom line: Consider your unique users, and make sure your website is in line with the goals of whoever you’re speaking with.

We can do all we want to please Google, but when it comes to sales and leads, it means more to have a higher converting and more effective website. We did well in inquiries (actual phone calls and email leads) despite a rapid increase in site performance requirements from Google. This only comes down to one thing: having a site customer conversion framework that’s effective.

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How to create and configure custom dimensions in GA4 https://spinsaward.com/how-to-create-and-configure-custom-dimensions-in-ga4/ https://spinsaward.com/how-to-create-and-configure-custom-dimensions-in-ga4/#respond Fri, 31 May 2024 10:10:39 +0000 https://spinsaward.com/?p=72389 Understanding all the features of Google Analytics 4 (GA4) is essential to making the most of it. Doing so allows you to configure the tool to analyze data accurately and efficiently. It also lets you draw the best conclusions for designing, refocusing and defining your digital strategies.

GA4 users can configure many functionalities, including custom dimensions, which allow for more detailed and personalized data analysis.

What are dimensions in GA4?

Google defines a dimension as an attribute of your data. It describes your data, and it’s usually written in text rather than numbers.

https://9453ef31e2da492a6a1fb6f8591a0fe1.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html

An example of dimensions would be source/medium, which shows how a user arrives at a website:

Another example of dimension would also be the Event name, which shows the different events that happen on a website and how the user interacts with it:

GA4 - Engagement > events

When creating the GA4 account, the tool preconfigures a wide list of dimensions automatically by default.

However, if this is not enough for your strategy’s analysis and you need to analyze attributes in more detail and specifically based on the website’s objectives, you can create custom dimensions.

Events and event parameters

To understand custom dimensions and how to create them, you must first understand some GA4 concepts – events and parameters.

Events are the metrics that allow you to measure specific user interactions on a website, such as loading a page, clicking on a link or submitting a form. 

Event parameters are additional data that site information about those events (i.e., additional information about how users interact with a website).

There are two types of event parameters in GA4, depending on how they are captured by the tool:

Automatically collected parameters: These are preconfigured by GA4, which automatically captures a set of parameters (e.g. page_location, page_referrer or page_title). Google provides a list of all these event parameters created automatically or enhanced measurement.

Custom parameters: These allow you to collect information that is not captured by default. This applies to recommended events and custom events, where custom settings are required.

What are GA4 custom dimensions?

Custom dimensions are attributes that allow you to describe and collect data in a customized way. Essentially, they are parameters you create in GA4 to capture information that is not automatically tracked by the tool.

Types of custom dimensions

Depending on the information that you want to collect in a custom way, you can create different types of custom dimensions, as indicated by Google:

User-scoped custom dimensions let you analyze user-related attributes that describe groups of your user base, such as age, language or country. 

Event-scoped custom dimensions refer to interactions that happen on your website. It could be any event parameter created for the recommended events or custom events, such as generate_lead or login.

Item-scoped custom dimensions, used mainly for ecommerce websites or apps, allow for deeper analysis of item-related information, such as add_to_cart or purchase.

Dig deeper: MarTech’s coverage of Google Analytics 4

When is it recommended to create custom dimensions?

Before creating custom dimensions to analyze data in more detail, it is advisable to check whether these attributes already exist as automatic events predefined by GA4 or as options within enhanced measurement events.

To determine if the data you want to analyze is already provided by automatic events, you can consult the list that Google Analytics offers under Automatically collected events. These events are collected automatically, so the user does not need to perform any additional actions.

This is not the case for the enhanced measurement events, these must be activated within the GA4 account if you want to collect this information.

To activate these attributes, you will do it inside Admin > Data streams > Events > Enhanced measurement.

GA4 - Enhanced measurement events

If the information you want to analyze is not included within these automatic events, it is recommended that you create it as a custom dimension.

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How to set up custom dimensions

Regardless of the type of custom dimension, it must be created via Google Tag Manager. Below is a step-by-step guide for configuring an event-scoped custom dimension.

Before getting started, make sure the GA4 and Google Tag Manager accounts are properly configured and linked.

Next, you need to define and create which event parameter you want and send it as a custom dimension in GA4.

In this case, you are going to show in the following image how to create the event parameter to analyze the URL of the video that a user plays on your website:

GA4 - Video engagement event

As it is a manually configured event parameter only included in Google Tag Manager, it will not be enough for GA4 to include it in its reports automatically. You will have to notify GA4 about it by going to Admin > Data display > Custom definitions.

GA4 - Data display > Custom definitions

Then, click on Create custom dimension.

GA4 - Create custom dimension

Create the custom definition with the information from your event parameter:

GA4 - New custom dimension

Now that your custom dimension is created, use DebugView to check if it is being collected correctly and is properly configured.

In parallel, within the Custom definitions section, under Quota information, you can monitor the total number of custom dimensions created in your GA4 account.

GA4 - Custom definitions > Quota information

How many custom dimensions can I set up in my GA4 account?

The number of custom dimensions that a user can create is limited, although it is often difficult to reach this limit. 

To ensure you create only the most useful dimensions, first define the highest-priority KPIs for your website or app and then create and configure only those dimensions that are truly of interest. To avoid exceeding this limit, use predefined dimensions and metrics whenever possible.

GA4 - Quota information limits

How to analyze custom dimensions

Custom dimensions will provide you with additional information about your data. This information can be analyzed within GA4.

In the case of GA4, you can analyze the custom dimensions through the same reports that the tool offers in a customized way, either in the traffic or events panel, for example: 

GA4 - How to analyze custom dimensions

Custom dimensions can also provide more information about your data when using the explore section:

GA4 - Explore custom dimensions

Creating custom dimensions is a valuable method for enhancing your analytics with valuable insights for your business.

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Cannibalization https://spinsaward.com/cannibalization/ https://spinsaward.com/cannibalization/#respond Fri, 31 May 2024 10:08:33 +0000 https://spinsaward.com/?p=72387 The author’s views are entirely their own (excluding the unlikely event of hypnosis) and may not always reflect the views of Moz.

In today’s episode of Whiteboard Friday, Tom Capper walks you through a problem many SEOs have faced: cannibalization. What is it, how do you identify it, and how can you fix it? Watch to find out! 

Photo of the whiteboard describing cannibalization.Click on the whiteboard image above to open a larger version in a new tab!

Video Transcription

Happy Friday, Moz fans, and today we’re going to be talking about cannibalization, which here in the UK we spell like this: cannibalisation. With that out of the way, what do we mean by cannibalization?

What is cannibalization?

So this is basically where one site has two competing URLs and performs, we suspect, less well because of it. So maybe we think the site is splitting its equity between its two different URLs, or maybe Google is getting confused about which one to show. Or maybe Google considers it a duplicate content problem or something like that. One way or another, the site does less well as a result of having two URLs. 

So I’ve got this imaginary SERP here as an example. So imagine that Moz is trying to rank for the keyword “burgers.” Just imagine that Moz has decided to take a wild tangent in its business model and we’re going to try and rank for “burgers” now.

So in position one here, we’ve got Inferior Bergz, and we would hope to outrank these people really, but for some reason we’re not doing. Then in position two, we’ve got Moz’s Buy Burgers page on the moz.com/shop subdirectory, which obviously doesn’t exist, but this is a hypothetical. This is a commercial landing page where you can go and purchase a burger. 

Then in position three, we’ve got this Best Burgers page on the Moz blog. It’s more informational. It’s telling you what are the attributes to a good burger, how can you identify a good burger, where should you go to acquire a good burger, all this kind of more neutral editorial information.

So we hypothesize in this situation that maybe if Moz only had one page going for this keyword, maybe it could actually supplant the top spot. If we think that’s the case, then we would probably talk about this as cannibalization.

However, the alternative hypothesis is, well, actually there could be two intents here. It might be that Google wishes to show a commercial page and an informational page on this SERP, and it so happens that the second best commercial page is Moz’s and the best informational page is also Moz’s. We’ve heard Google talk in recent years or representatives of Google talk in recent years about having positions on search results that are sort of reserved for certain kinds of results, that might be reserved for an informational result or something like that. So this doesn’t necessarily mean there’s cannibalization. So we’re going to talk a little bit later on about how we might sort of disambiguate a situation like this.

Classic cannibalization

First, though, let’s talk about the classic case. So the classic, really clear-cut, really obvious case of cannibalization is where you see a graph like this one. 

Hand drawn graph showing ranking consequences of cannibalization.

So this is the kind of graph you would see a lot of rank tracking software. You can see time and the days of the week going along the bottom axis. Then we’ve got rank, and we obviously want to be as high as possible and close to position one.

Then we see the two URLS, which are color-coded, and are green and red here. When one of them ranks, the other just falls away to oblivion, isn’t even in the top 100. There’s only ever one appearing at the same time, and they sort of supplant each other in the SERP. When we see this kind of behavior, we can be pretty confident that what we’re seeing is some kind of cannibalization.

Less-obvious cases

Sometimes it’s less obvious though. So a good example that I found recently is if, or at least in my case, if I Google search Naples, as in the place name, I see Wikipedia ranking first and second. The Wikipedia page ranking first was about Naples, Italy, and the Wikipedia page at second was about Naples, Florida.

Now I do not think that Wikipedia is cannibalizing itself in that situation. I think that they just happen to have… Google had decided that this SERP is ambiguous and that this keyword “Naples” requires multiple intents to be served, and Wikipedia happens to be the best page for two of those intents.

So I wouldn’t go to Wikipedia and say, “Oh, you need to combine these two pages into a Naples, Florida and Italy page” or something like that. That’s clearly not necessary. 

Questions to ask 

So if you want to figure out in that kind of more ambiguous case whether there’s cannibalization going on, then there are some questions we might ask ourselves.

1. Do we think we’re underperforming? 

So one of the best questions we might ask, which is a difficult one in SEO, is: Do we think we’re underperforming? So I know every SEO in the world feels like their site deserves to rank higher, well, maybe most. But do we have other examples of very similar keywords where we only have one page, where we’re doing significantly better? Or was it the case that when we introduced the second page, we suddenly collapsed? Because if we see behavior like that, then that might,  you know, it’s not clear-cut, but it might give us some suspicions. 

2. Do competing pages both appear? 

Similarly, if we look at examples of similar keywords that are less ambiguous in intent, so perhaps in the burgers case, if the SERP for “best burgers” and the SERP for “buy burgers,” if those two keywords had completely different results in general, then we might think, oh, okay, we should have two separate pages here, and we just need to make sure that they’re clearly differentiated.

But if actually it’s the same pages appearing on all of those keywords, we might want to consider having one page as well because that seems to be what Google is preferring. It’s not really separating out these intents. So that’s the kind of thing we can look for is, like I say, not clear-cut but a bit of a hint. 

3. Consolidate or differentiate? 

Once we’ve figured out whether we want to have two pages or one, or whether we think the best solution in this case is to have two pages or one, we’re going to want to either consolidate or differentiate.

So if we think there should only be one page, we might want to take our two pages, combine the best of the content, pick the strongest URL in terms of backlinks and history and so on, and redirect the other URL to this combined page that has the best content, that serves the slight variance of what we now know is one intent and so on and so forth.

If we want two pages, then obviously we don’t want them to cannibalize. So we need to make sure that they’re clearly differentiated. Now what often happens here is a commercial page, like this Buy Burgers page, ironically for SEO reasons, there might be a block of text at the bottom with a bunch of editorial or SEO text about burgers, and that can make it quite confusing what intent this page is serving.

Similarly, on this page, we might at some stage have decided that we want to feature some products on there or something. It might have started looking quite commercial. So we need to make sure that if we’re going to have both of these, that they are very clearly speaking to separate intents and not containing the same information and the same keywords for the most part and that kind of thing.

Quick tip

Lastly, it would be better if we didn’t get into the situation in the first place. So a quick tip that I would recommend, just as a last takeaway, is before you produce a piece of content, say for example before I produced this Whiteboard Friday, I did a site:moz.com cannibalization so I can see what content had previously existed on Moz.com that was about cannibalization.

I can see, oh, this piece is very old, so we might — it’s a very old Whiteboard Friday, so we might consider redirecting it. This piece mentions cannibalization, so it’s not really about that. It’s maybe about something else. So as long as it’s not targeting that keyword we should be fine and so on and so forth. Just think about what other pieces exist, because if there is something that’s basically targeting the same keyword, then obviously you might want to consider consolidating or redirecting or maybe just updating the old piece.

That’s all for today. Thank you very much.

Video transcription by Speechpad.com. 

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Maximizing martech’s impact: Insights from The CMO Survey https://spinsaward.com/maximizing-martechs-impact-insights-from-the-cmo-survey/ https://spinsaward.com/maximizing-martechs-impact-insights-from-the-cmo-survey/#respond Fri, 31 May 2024 10:07:57 +0000 https://spinsaward.com/?p=72384

The latest edition of The CMO Survey shows contradictions which, in my view, hinder the realization of marketing technology benefits and ROI. 

The CMO Survey is conducted biannually since 2008. The spring 2024 report includes data collected during Q1 2024 from CMOs across various industries and company sizes. Here, we will analyze the marketing technology portion of the report. 

Increasing investment and ongoing integration challenges in martech

Most companies plan to increase their martech budget annually, from the current 19% of the marketing budget to 23.5% next year and 30.9% within five years.

However, about 60% of CMOs surveyed also reported having annual or quarterly marketing technology audits or implementation projects. This means companies and CMOs seem to keep on buying new martech tools while they are still evaluating or implementing the ones they already have purchased. 

Since marketing technology is supposed to work together as a stack, how can companies determine what they should look for in a new platform if the timeframe of such evaluations seems to overlap with the process of buying new platforms? 

Another interesting data point is that only 62.1% of marketing activities use marketing technology (up from 58.4% from the previous year). Maybe this ongoing expansion in investment is correlated to growing marketing technology usage throughout all marketing activities (more on this below).

Dig deeper: The sticky problem of martech integration

The disconnect between martech purchases and company goals

Aligning with the company’s goals is the top priority when adopting new marketing technology, according to the CMOs surveyed. On a scale of 1 to 7, CMOs rated:

“Optimizing or streamlining existing tools” at 5.3. 

“Identifying martech tools for stronger customer experiences” at 5.1

“Linking martech tools to form powerful capabilities” at 5.0. 

The lowest priority is “Hiring or retaining talent for implementing/managing martech strategy.”

However, the company’s goals can change yearly (which may be one of the reasons why companies keep buying martech tools). There is less focus on aligning martech purchases with company strategy or customer experience, which could support long-term goals and enhance martech value over time.

This affects how well marketing activities are matched with the right technology platforms, highlighting the operational role of martech and the challenge of making it strategic.

Underutilization and moderate performance of martech stacks

Meanwhile, the question “Considering all the martech tools purchased by your company, what percent is your company currently utilizing in its operations?” shows companies are, on average, using only about 56.4% of their current martech stack in their operations. 

When asked “how well your company is performing each of the following marketing technology activities,” on a scale from 1 (poorly) to 7 (very well), CMOs responded as follows:

“Selecting the right company to provide marketing technologies” and “Selecting the right mix of marketing technologies” both rated 4.9.

“Designing the broad architecture of our marketing technology systems” rated 4.4.

“Generating ROI from marketing technologies” and “Developing capabilities for using marketing technologies” both rated 4.5.

“Integrating marketing technologies into our customer funnel,” “Leveraging data for tactical decision making” and “Leveraging data for strategic decision making” all rated 4.6.

It seems CMOs are reporting that marketing technology is performing at moderate levels only and that their teams perform better at selecting the “right mix” of marketing technology tools, even though these tools (or at least part of them) seem to be audited annually or quarterly. However, designing the broad architecture of the martech stack seems to have a lower performance. 

Again, this may be because marketing technology does not seem to be aligned with all marketing activities. Maybe companies cannot fully use their current martech stack because they are too busy auditing existing tools or writing specs to buy new ones.

Dig deeper: How marketers can help boost martech utilization

Evaluating martech effectiveness: Are we missing the bigger picture?

For the question “Which of the following metrics does your company use to evaluate the effectiveness of your martech systems?”, CMOs’ answers indicate that martech’s main focus is on lead generation (top-of-funnel), while bottom-of-funnel and long-term customer value metrics trail behind. 

Is this one of the main reasons why martech investment grows every year while the current stack is being audited and sitting 50% unused? Are stakeholders expecting the next marketing technology platform itself to improve this activity? What about all other marketing activities related to other parts of the buying funnel? What about connecting the current stack to other activities to better realize the martech stack’s value? 

This may be one of the main reasons for the contradictions in this report. Martech seems more aligned with top-of-funnel activities (such as lead creation of customer acquisition) instead of mapping it to the entire customer journey/buying funnel activities. This is not because of the technology itself: most martech tools can be connected via API calls to send data from one to the other, thus, allowing data to flow throughout the different stages of the buying funnel and not only in top-of-funnel activities. 

Dig deeper: How to use conversion data to enhance top-of-funnel marketing

This is an adjustment on the marketing side. Marketing technology can and should be used throughout the entire funnel. This is the only way to assess how marketing technology can adhere to the company’s business objectives and improve marketing processes to realize ROI and better inform CFOs. This is the only approach that can realize the value of marketing technology investment. 

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Forex Risk Management For Beginners: Guide And More https://spinsaward.com/forex-risk-management-for-beginners-guide-and-more/ https://spinsaward.com/forex-risk-management-for-beginners-guide-and-more/#respond Fri, 31 May 2024 09:18:13 +0000 https://spinsaward.com/?p=72381

This article was last updated on January 12, 2023

Risk management is an important part of every trading market. The forex market is no exception. Many people start trading, get lucky, and make a lot of money, but then lose it, because of a lack of risk management. This is why we want to dedicate a whole guide to the basics of forex risk management, especially targeted toward beginners. However, this doesn’t mean that there won’t be useful information for experienced traders as well.

We will go over everything that we believe is important, which includes risk management fundamentals, and more. Without further ado, let’s get right into it.

Basics Of Risk Management Strategies For Forex Trading Beginners

Trading in the foreign currency (forex) market requires careful attention to forex risk management. Because of how quickly exchange rates can change and how unpredictable the market is, traders must be able to efficiently manage their risk. Setting stop-loss orders is one of the most crucial ideas in forex risk management. When the market swings in a bad direction, a stop-loss order is a type of order that automatically closes a deal. This enables traders to appropriately control their risk and reduces the possible loss on a trade.

Position sizing is a key idea in the management of FX risk. Position size is the process of figuring out how many lots or units to trade according to the amount of money that is at stake. This makes it less likely that a single trade will use up a large percentage of the trading money and put the trader in danger of going bankrupt.

RELATED: How To Trade Forex With $100 – The Easiest Guide

Furthermore, it’s critical to understand the risk-reward ratio. It is a technique for weighing possible trade returns against the risks. Trading professionals may efficiently control their risk by choosing which trades to enter and exit by being aware of the risk-reward ratio. Variety is crucial. Spreading the risk and reducing the effect of any single trade on the whole portfolio can both be accomplished by diversifying the portfolio among various currencies and assets. It enables investors to diversify their holdings and spread out their capital.

Summary

It’s critical to keep up with any political and economic changes that can have an impact on the foreign exchange market. As a result, traders may be better able to predict market changes and decide when to enter and quit trades. Finally, keep a positive outlook and avoid overreacting to temporary market changes. Composure is a skill in the field of trading. And risk management is the most valuable skill for beginners in the forex market.

Understanding Risk Management In Forex Trading For Beginners

There are a number of additional techniques for traders to control their risk in the forex market, in addition to the previously described risk management strategies. To help traders establish stop-loss orders and take-profit levels, one strategy is to employ technical analysis to pinpoint important market support and resistance levels. Another strategy is to employ fundamental analysis to comprehend the underlying political and economic forces that influence currency fluctuations and to use that knowledge to make more intelligent trades.

Risk management in forex trading includes money management as a key component. This entails defining specific objectives for each trade, selecting the right position size based on the amount of capital at risk, and monitoring the portfolio’s performance on a regular basis. This will assist traders in limiting their exposure to risk and avoiding excessive leverage in their deals.

Risk-adjusted performance measurement, which enables traders to evaluate the risk-adjusted return of a trade by taking into account both the potential return and the potential risk, is another way to reduce risk. This will make it easier for traders to decide which trades to engage and exit as well as the expected return for a particular degree of risk.

Additionally, it’s crucial to keep a trading notebook where you can document your transactions, the justification for your entry and leave, your feelings as you make the deal, and any other pertinent details. This routine can assist traders in spotting patterns in their trading behavior and modifying their strategy as necessary.

SIMILAR READ: Forex Vs Stocks – Which Is More Profitable And Why?

In conclusion, minimizing risk is essential for long-term success in the forex market. Beginners traders can reduce risk and increase returns by putting into practice good risk management tactics, including as placing stop-loss orders, diversifying the portfolio, keeping an eye on leverage levels, and frequently analyzing performance in the forex market.

Creating Risk Management Policies

Guidelines for position sizing and money management must be part of the risk management policy. This entails figuring out the right position size based on the amount of money at risk and modifying the size as necessary to keep within the risk tolerance criteria. It should also contain instructions for determining take-profit levels, profit objectives, and stop-loss orders.

The procedures to be performed when a trade goes against the trader should also be specified in the risk management policy. This entails deciding on an acceptable loss threshold and acting to close the trade or modify the stop-loss order if the deal reaches that threshold. The policy should also specify how losses should be recovered, including by modifying position size, reviewing trade techniques, and taking a sabbatical from trading.

Monitoring the performance of the portfolio on a regular basis is another critical component of a risk management strategy. This involves monitoring the overall performance of the portfolio as well as the profit and loss on each deal. In order to maximize returns while lowering risk, it also entails evaluating the risk-adjusted return of each transaction and modifying the approach as necessary.

A risk management policy can be as a living document that should be regularly evaluated and modified especially for beginners in the forex market. The policy should be adjusted to reflect changes in market conditions.

Using Stop-Loss Orders

You can use a preset cash amount or a percentage of the account’s equity to set stop-loss orders, among other options. A trader might, for instance, put a stop-loss order at $100 or, if that amount is lower, 2% of the account’s equity. While stop-loss orders can aid in limiting losses, it is crucial to remember that there is always a chance of slippage in fast-moving markets, therefore they cannot guarantee against losses.

Using trailing stop-loss orders is yet another method for risk management. When a trader uses a trailing stop-loss order, the stop-loss level is automatically adjusted as the market swings in the trader’s favor. The stop-loss order will move up to 1.2950 if the market moves up to 1.3050, for instance, if a trader buys a currency pair at 1.3000 and places a trailing stop-loss at 50 pips. By doing this, traders may protect their gains while the market is moving in their favor and avoid losing money if it does the opposite.

Another approach is to use a volatility-based stop-loss, which modifies the stop-loss level in response to market volatility. In turbulent markets where prices can change dramatically in a short amount of time, this strategy may be advantageous.

It’s also crucial to remember that stop-loss orders should be positioned strategically, according to the analysis of the trader and the circumstances of the market at the time. Stop loss orders should not be placed too closely to the market price as this increases the danger of slippage, or too far away as this will not offer enough protection in the event that the transaction goes against the trader.

Implementing Position Sizing

Utilizing a predetermined percentage of the trading capital is one typical approach of calculating position size. A trader might opt, for instance, to risk no more than 2% of their capital on a single transaction. By dividing the trading capital by the predetermined fraction, a trader can use this strategy to determine the proper position size for any trade.

Utilizing position sizing depending on volatility is another strategy. This strategy changes the position size in accordance with the volatility of the currency pair being traded. When trading a highly volatile currency pair, for instance, a trader can choose to open a smaller position because the likelihood of large price swings raises the risk of the deal.

Another key thing to consider when determining position size is the risk-reward ratio. Investors should weigh the potential risk and return of a trade before deciding how big of a position to take. The possible return is three times greater than the potential loss, for instance, in a deal with a risk-reward ratio of 1:3. Traders might take a bigger position size in this scenario.

Leverage should be taken into account while determining position size. Although it raises the possibility of losses, leverage enables traders to manage huge holdings with a relatively modest amount of cash. When employing leverage, traders should exercise caution and make sure that the position size does not exceed their available capital.

Finally, it is critical for traders to routinely analyze and keep an eye on the performance of their entire portfolio. Traders should modify the size of their positions when market conditions change to make sure that they remain consistent with their overall risk management plan and their degree of risk tolerance.

Using a Risk-to-Reward Ratio

Establishing an adequate risk-to-reward ratio is a crucial component of managing forex risk because it enables traders to make well-informed decisions regarding when to enter and exit trades. A higher risk-to-reward ratio typically indicates that there is a bigger chance of profit than of loss, which can make the deal more alluring. On the other hand, a smaller risk-to-reward ratio can mean that the possible loss is larger than the potential gain, which could make the trade less appealing.

It’s crucial to keep in mind that both a high risk-to-reward ratio and a low risk-to-reward ratio don’t always indicate that a transaction is good. Along with risk-reward ratio, several other elements should be taken into account, including market conditions, technical and fundamental research, trading techniques, and risk management measures.

INTERESTING ARTICLE: Forex Scalping Strategies For Beginners

Traders should take into account the risk-to-reward ratio at several levels, such as the stop-loss level and the take-profit level, in addition to calculating the ratio for the entire trade. In addition to making sure that the stop-loss level is acceptable in light of the market conditions, a trader should attempt to set stop-loss orders at a level where the risk-to-reward ratio is advantageous. The risk-to-reward ratio should be favorable for setting take-profit levels as well.

Conclusion

In conclusion, there are dangers associated with forex trading, but traders may decrease their exposure and increase their returns by comprehending and putting into practice good risk management tactics. Having a solid understanding of fundamental ideas like stop-loss orders, position sizing, money management, risk-reward ratio, and diversification can help traders safeguard their capital and keep their portfolios stable.

Additionally, traders can stay educated and make wise selections by routinely reviewing performance and following political and economic trends. A well-considered risk management policy that is periodically evaluated acts as a guiding principle to keep traders on course. Traders may handle the volatile forex market with greater assurance by keeping these ideas in mind, making it a crucial step on their road to success.

Finally, make sure you have a good risk management strategy in the forex market, especially as a beginner, before you start trading.

FAQ

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10 Lucrative Buy and Sell Businesses to Start in 2024 https://spinsaward.com/10-lucrative-buy-and-sell-businesses-to-start-in-2024/ https://spinsaward.com/10-lucrative-buy-and-sell-businesses-to-start-in-2024/#respond Fri, 31 May 2024 09:06:24 +0000 https://spinsaward.com/?p=72378

In the ever-evolving landscape of business innovation, Augmented Reality in business emerges as a transformative force, reshaping traditional paradigms and unlocking new opportunities for growth and advancement.

Through a comprehensive examination of AR’s capabilities, applications, and business benefits, this article serves as a roadmap for enterprises seeking to harness the full potential of augmented reality to propel their success in the digital age.

UNI.Agency as a forefront developmental agency tailors unmatched digital products and immersive experiences. They help companies outperform their competitors and customers’ expectations. And now, there is time to delve deep into the AR realm.

Gaining Insight into Augmented Reality

From revolutionizing customer experiences to optimizing operational efficiency, AR in retail is poised to drive significant advancements in how businesses operate and engage with their stakeholders.

Augmented Reality (AR) seamlessly integrates digital information and virtual objects into the real-world environment, offering users an immersive and interactive experience through devices like smartphones or AR glasses.

It revolutionizes various industries, from entertainment to healthcare, by enhancing perception and creating innovative opportunities for engagement and exploration in the digital era. AR not only enriches our understanding of reality but also opens up new possibilities for creativity, communication, and problem-solving, making it a powerful tool for businesses seeking to enhance customer experiences and streamline operations in an increasingly digital world.

Differentiating Augmented Reality and Virtual Reality

Augmented Reality (AR) overlays digital elements onto the real world, enhancing the user’s perception of their environment. Virtual Reality (VR), however, immerses users in entirely virtual environments, blocking out the real world. There are some core differences between these two technologies in gear and display approaches:

AR enriches reality with digital information, while VR creates entirely immersive virtual experiences.
AR typically requires less specialized hardware, like smartphones or AR glasses, while VR often involves dedicated headsets.
AR is commonly used for enhancing real-world experiences, such as in gaming, retail, and navigation, encouraging augmented reality shopping. Whereas VR is primarily employed for immersive simulations, training, and entertainment in fully virtual environments.

The Influence of AR on the Customer Experience Journey

As of 2024, Augmented Reality (AR) has evolved into an indispensable tool across various sectors, offering immersive and interactive experiences that seamlessly blend digital elements with the real world.

Stimulating Interest

Augmented Reality (AR) captivates customers by offering visually engaging experiences that spark curiosity and intrigue, enticing them to explore products or services further.

AR’s ability to overlay digital content onto the real world creates an immersive and attention-grabbing experience, drawing customers in and igniting their interest.

Educating and Empowering Users

AR in business empowers users by providing interactive and informative experiences that educate them about products, services, or concepts in a visually compelling manner.

Through AR, customers can interact with virtual models, animations, or informational overlays, gaining a deeper understanding of the features, benefits, or use cases of the offerings.

Exploring Further Depths

AR encourages customers to delve deeper into products or services by offering immersive and interactive experiences that go beyond traditional marketing materials.

By allowing users to explore virtual representations of products in real-world contexts, AR in retail provides a unique opportunity for customers to visualize how offerings fit into their lives, fostering deeper engagement and understanding.

Business Benefits of Augmented Reality

Businesses utilize AR for diverse applications, including product visualization, virtual try-ons, and enhanced customer engagement. In education, AR transforms learning experiences by providing interactive simulations and visualizations.

Additionally, AR has become integral to industries such as healthcare, where it facilitates surgical training and patient education. With advancements in AR technology and widespread adoption, it continues to shape how we perceive and interact with our environment, ushering in a new era of innovation and connectivity.

Let’s look at why AR has become so indispensable as a business tool nowadays.

Revolutionizing Training Methods

AR in business transforms training by offering immersive, interactive simulations that replicate real-world scenarios, enhancing employee learning and skill development.

It’s lucrative for hands-on training experiences. Since there’s no need for physical equipment or environments, reducing costs and logistical constraints while improving knowledge retention and performance.

Boosting Productivity Levels

Augmented Reality in business boosts productivity by providing real-time access to information and guidance, allowing employees to complete tasks more efficiently and accurately.

Through AR-powered tools and applications, workers can streamline workflows, troubleshoot issues, and collaborate effectively, resulting in increased output and operational efficiency.

Implementing Dynamic Marketing Approaches

AR enables businesses to implement dynamic marketing strategies that captivate and engage audiences in unique ways.

By integrating AR into marketing campaigns, companies can create interactive experiences that drive brand awareness, customer engagement, and sales conversions, setting themselves apart in a crowded marketplace.

Fostering Product Development

Augmented reality and marketing foster innovation in product development by facilitating virtual prototyping, design iterations, and collaborative decision-making.

With AR, teams can visualize and test product concepts in 3D, gather feedback from stakeholders, and make informed design decisions faster, leading to faster time-to-market and more successful product launches.

Creating Tailored Customer Experiences

AR creates personalized customer experiences by allowing users to interact with products and services in customized ways.

Through AR-enhanced applications and experiences, businesses can tailor content, recommendations, and promotions to individual preferences and behaviors, enhancing customer satisfaction and loyalty.

Amplifying Brand Recognition

Augmented Reality shopping amplifies brand recognition by providing memorable and shareable experiences that leave a lasting impression on customers.

By incorporating AR into branding initiatives, companies can create immersive brand experiences that spark conversations, increase social media engagement, and strengthen brand loyalty, ultimately driving business growth and success.

Final Thoughts

In conclusion, Augmented Reality in business stands as a transformative force, offering a multitude of benefits across various aspects of operations. From revolutionizing training methods to boosting productivity levels, AR empowers businesses to thrive in an increasingly competitive environment.

By embracing AR technology, companies can unlock new opportunities for growth, innovation, and success, while delivering immersive and engaging experiences that resonate with customers and stakeholders alike.

As AR continues to evolve and integrate into everyday business practices, Uni will incorporate the best practices to promote business advancement and drive meaningful change for the clients. We’re to shape the future of commerce to your benefit.

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