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Sunday, January 3, 2010

powerful, specific, and authoritative testimonials

You investigate, and you find that beneath the surface your beautiful boat has a number of slow, silent, leaks. None of them are big enough to sink you on their own, so there's no obvious immediate crisis - just a constant drain on your efficiency and your speed.
I've been reviewing Web traffic reports for over 10 years, and I believe that this analogy applies very well to almost all business websites. Very few sites are so terrible or have something so wrong with them that they're clearly a disaster. Yet just about every site has some area where it's quietly losing traffic, losing potential business or the opportunity to create relationships - or failing to attract visitors in the first place.
If you're not regularly reviewing your traffic analysis, you can't know for sure if your site is leak proof. In this article, I'll show you a few of the most common areas where you can look for - and fix - those silent leaks.
1. Leaks in your Brand & Positioning
The excellent folks at MarketingExperiments online research laboratories have shown that clearly articulated and differentiating value propositions have a critical effect on Website conversion rates.
(The conversion rate is the measurement of visitors fulfilling your desired outcomes - which might include calling you, buying a product at your site, signing up for your newsletter or blog feed, etc.)
Your value proposition should be front and center on your home page. It should answer the classic question: "Why should we do business with you instead of your competition?"
Although this question isn't a Web strategy issue in itself, it is one that many people struggle to answer. But the lack of a compelling opening message can be a major impediment to your online success.
How to check for this leak: Even if they don't enter your site at the home page, most visitors who don't know you will go there as the second page they look at to find out more about you and your business.
If visitors are taking a quick look at your home page and then immediately leaving, something is wrong. Your copy is failing to pique their curiosity or to answer their questions: "Can this company meet my needs?" and "Should I explore further?" You have a leak!2. Leaks in Visitor Engagement
Popular theory says that you have 10 seconds to engage a visitor - i.e. convince them to stay on your site before they click away in search of something more interesting.
While I don't believe that it's quite that simple, there are some definite ways to get rid of visitors fast before they've had a chance to really check you out.
The best of these is probably the infamous splash page - the entry page to your site that your Web designer persuaded you to have because it "does cool stuff". Hopefully there's a "Skip Intro" button somewhere on the page!
In all my reviews of traffic reports I've seen a consistent leak of up to 30% of visitors leaving from this page alone - before they've ever seen who you are or what you offer.
How to check for this leak: Easy - look for the splash page in your traffic reports and see how many visitors exit at that point. If it's more than a small percentage, you have a leak - take the page out today!
The other major area where you should watch for leaks in visitor engagement is in what are called "landing pages". These are inside pages of your Website which turn out to be the first page that a visitor sees, usually because you have some well-indexed content that they've found in a search engine.
Here it's absolutely critical to understand the visitor's mindset. Each visitor is at your site looking for something specific, they may well have found you by accident, so they may have no idea who you are - and worse, no interest in you.
The first page that they see on your Website must engage them immediately in accordance with their needs, and it must have enough context to draw them into other areas, and to want to find out more about you. It's not enough to give great information on this page - they'll soak that up, and then leave.
How to check for this leak: Hopefully your traffic reports are sophisticated enough to show you which keywords bring visitors to each specific page of your site. This shows you each visitor's "mindset".
If visitors are leaving a page very quickly, then it probably isn't satisfying their informational needs, so you should review the content.
If visitors are reading the page (your traffic reports should show the time spent at each page) and then leaving, you've given them what they wanted but failed to draw them into the rest of your site. This can be fixed with more compelling navigation and calls to action.
Either way, you have a leak!
3. Leaks in Directions & Outcomes
I'm constantly amazed by the number of Web pages that give great information and content - and then just end abruptly - perhaps with some navigation tabs if you're lucky!
Steve Krug in his excellent book "Don't Make Me Think!" describes how crucial it is to direct visitors to the next step that you want them to take. If you don't do this, and rely on your visitors to figure this out for themselves, there's a strong chance that they'll make a different choice than the one you want - or they'll leave your site altogether, creating leaks in your potential revenue stream.Every page of your site needs strong calls to action that stand out visually and click directly to where the visitor can fulfill the outcome that you want (e.g. "buy now!", "sign up for our newsletter / RSS feed".) Pages can have more than one call to action, and there's nothing wrong with repeating them on longer pages so that they're always within eyeshot.
And by the way, "Back to top" is not a call to action!
How to check for this leak: If your traffic reports show this information, look at the paths that visitors take through your site - where do visitors go next from each page? If many of them are exiting the site and / or they fan out across many pages with no clear pattern or direction, you have a possible leak.
4. Leaks in your Credibility Building
MarketingExperiments research has also shown that powerful, specific, and authoritative testimonials can have a major impact on your site's conversion rates.
Consider this statement: "Documented results show that just a few hours with [ expert ] can increase lead generation by 125%". Imagine how much stronger that assertion would be if there were some examples of the "documented results" and some customer quotes to that effect.
However, including a page on your site called "What Customers Say" doesn't do it - I can safely say that visitors don't go to those pages. And it's not just traffic reports that tell me this - whenever I ask a live audience "Would you click this link?" there's always a resounding "No!"
How to check for this leak: This is a much more subtle leak to detect, but it's an important one. The question here is whether you are potentially losing business because your site fails adequately to establish your value and credibility.
My recommended approach is to review your site for credibility-building content such as client lists, testimonials and case studies. You need to spread your testimonials through your site, using short one or two line excerpts that are relevant to the content of each page - whether it's about a product or a service, or the value of subscribing to your newsletter or blog.
Make sure that all of this material is linked to from other pages so that it's easily found by visitors. If you then experience an increase in calls, or in the quality of your leads, then you might have just fixed a leak!

Importance of search engine optimization

SEO is not just a technical approach to get you on the first page of Google for a certain keyword phrase. If your business approaches it from that angle you might never see the importance of search engine optimization. Proactively marketing yourself online creates little pieces of dust floating around online connecting directly to your brand or business. If you connect all those little pieces of dust they all funnel down to your website creating many little pathways to your website, the bigger the network of dust the more opportunity for really becoming visible online in front of your target audience. This network takes time to build but once it is built a website can see a nice steady stream of traffic, qualified traffic if done correctly. This approach should not be viewed as just something technical to manipulate search results but rather a long term marketing plan and goal with rankings occurring as a byproduct but not the only byproduct. SEO is an effort that takes time to really ramp up and work correctly. This is why it is important to realize that it is an investment. Building up a website online is no different than building up a brand or offline business. This process is where the investment is very important. The investment comes in many different shapes and sizes which also brings many different types of rewards. The rewards are not just search rankings which many think is the way to gauge if your online marketing campaign is really working. Rewards come in stories being written on your business from different bloggers or potential customers reaching out to you on the various social networks. Numbers don’t lie so it will be important to view your analytics information. Do you all of a sudden see a surge in websites sending you traffic? This did not happen by accident. This is a direct result of your online SEO efforts. Over time the traffic and rankings increase. This is why it is very important to realize that search engine optimization is a long term approach that truly requires patience and the ability to think outside the box.

Importance of search engine optimization

SEO is not just a technical approach to get you on the first page of Google for a certain keyword phrase. If your business approaches it from that angle you might never see the importance of search engine optimization. Proactively marketing yourself online creates little pieces of dust floating around online connecting directly to your brand or business. If you connect all those little pieces of dust they all funnel down to your website creating many little pathways to your website, the bigger the network of dust the more opportunity for really becoming visible online in front of your target audience. This network takes time to build but once it is built a website can see a nice steady stream of traffic, qualified traffic if done correctly. This approach should not be viewed as just something technical to manipulate search results but rather a long term marketing plan and goal with rankings occurring as a byproduct but not the only byproduct. SEO is an effort that takes time to really ramp up and work correctly. This is why it is important to realize that it is an investment. Building up a website online is no different than building up a brand or offline business. This process is where the investment is very important. The investment comes in many different shapes and sizes which also brings many different types of rewards. The rewards are not just search rankings which many think is the way to gauge if your online marketing campaign is really working. Rewards come in stories being written on your business from different bloggers or potential customers reaching out to you on the various social networks. Numbers don’t lie so it will be important to view your analytics information. Do you all of a sudden see a surge in websites sending you traffic? This did not happen by accident. This is a direct result of your online SEO efforts. Over time the traffic and rankings increase. This is why it is very important to realize that search engine optimization is a long term approach that truly requires patience and the ability to think outside the box.

Tuesday, November 24, 2009

UK Economy Update and GBP Analysis

The U.K housing market has taken center stage over the last couple of months, as economic data has been showing that the sector is slightly improving. According to recent results, housing prices turned during August and presented a 0.2% increase in October, which brought the rate of house growth to -4.2%. Even though the housing market still has a long way to go, until it presents a full recovery, the sector is now being scrutinized by investors, as further improvement could lift sentiment, regarding the future outlook of the U.k’s economy.
Once again the U.K will release its BBA mortgage Approvals and Business investment figures today. The mortgage approvals result could spark volatility during the session as the number is expected to show that UK mortgage approvals will rise to 44,000 in October from 42,100 in September. Even though the news could be bullish for the Pound, the numbers in the re-mortgage market are still weighing on investor’s sentiment.
Technical Analysis - A Possible Trade Opportunity
Although the GBP/USD has been finding hard to climb higher over the last week, bouncing back and forth, today’s data could give investors a clearer picture of the upcoming trend. According to recent analysis, one can see that the GBP/USD has returned back into range, but is still trading around resistance.

Sunday, November 22, 2009

It has not been a favorable day

It has not been a favorable day for the Canadian dollar as stocks went down globally, the crude oil, one of the nation’s main export tumbled, and more risk averse traders opted for the safety of Canada’s counterpart currency in the United States.
The Canadian dollar is facing one of the sharpest losing streaks in months during the past two days as appeal for the commodity and stocks linked currency was affected in a rather pessimism day in currency markets. Canada is one of the main oil suppliers for the U.S. and after touching $80 a barrel this week, the commodity tumbled impacting immediately the loonie’s outlook, that accentuated its negative performance as a manufacturing reported indicated improved conditions in the U.S., decreasing even further attractiveness for the Canadian dollar, which has been one of the biggest losers in today’s session.
A predominantly risk averse session is most often not favorable for the Canadian currency, according to analysts. Not only the oil tumble, but risk is off in markets today, making traders to escape from high-yielding investments in order to protect their portfolios betting on papers in the U.S. and Japan, the best bets in times of uncertainty.
USD/CAD traded at 1.0678 as of 15:33 GMT from a previous rate of 1.0527 yesterday. CAD/JPY fell to 83.10 from 84.83.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

The Japanese currency was

The Japanese currency was one of the biggest winners together with the U.S. dollar in trading markets this Thursday, as stocks fell globally, declining appeal for higher-yielding currencies as risk aversion rose, favoring the safety profile of the yen, considered the top refuge currency in days of pessimism.
In a very risk averse session today all emergent market currencies backed down massively versus the Japanese yen that actually rose versus all 16 main traded currencies in foreign-exchange markets, posting a less significant advance only versus the U.S. dollar, which also benefited from today’s risk averse scenario.The New Zealand dollar was one of the biggest losers versus the yen as the opposition party is diverging its opinions with the nation’s central bank, fact which could slow down implementing monetary policies in the country, declining attractiveness for the kiwi which still ranks among the top 3 performers this year in currency markets.
Analysts consider yen’s performance today as a result of a decline in risk appetite after a strong sentiment that was predominant yesterday. Volatility is playing a fundamental role these weeks in trading markets with mixed sessions of high and low levels of risk appetite determining the trends for the yen for the current and following sessions.
NZD/JPY traded at 64.89 as of 14:07 GMT from a previous rate of 66.61 yesterday. EUR/JPY traded at 131.99 from 133.50.
If you want to comment on the Japanese yen’s recent action or have any questions regarding this currency, please, feel free to reply below.

The Mexican peso had a positive performance

The Mexican peso had a positive performance today versus the greenback as interest rates are unlikely to have further cuts, attracting investors to inject capital in the North American country.
The peso benefited today from a rally in crude oil rates, that crossed the $80 line per barrel in New York, raising appeal for the Mexican currency since the country is one of the main fossil energy suppliers for the United States.
USD/MXN traded at 12.98 as of 17.37 GMT from an opening rate of 13.03 today
If you want to comment on the Mexican peso’s recent action or have any questions regarding this currency, please, feel free to reply below.