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Daniel Laws

The Need for Digital Marketing Education

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In the recent blog “8 Predictions for SEO in 2012”, Rand Fishkin of SEOmoz predicted the rise of a serious certification program. I believe that there is a real need for our industry to identify and support a serious certification program; however, I have not seen any organization dedicated enough to establish themselves as an industry leader. Institutions of higher education need to start preparing their students for the “real world”. In my opinion, colleges and universities are doing a poor job of identifying opportunities to integrate traditional marketing knowledge and skills with today’s internet marketing environment.

There are several organizations that offer certification programs, but I am not sure that they can keep up with the changes or obtain a consensus between fact and fiction. Case in point: Several members of our team at DaBrian Marketing Group have taken courses provided by SEMPO Institute, but we have not been notified of what the latest updates were to the course information. As of February 21, the SEMPO Institute closed up shop for their certification program.

The colleges and universities need to introduce their students to internet marketing as a whole. Within the Commonwealth of Pennsylvania, you will have a difficult time identifying colleges or universities that offer an internet marketing course as part of the undergraduate marketing curriculum. This extends to web design and development area of study, as graduates often lack basic SEO knowledge.

There is a serious need for education within our industry from the university level as well as alternative methods. Even as an adjunct professor, I don’t expect a student to be an SEO expert, but I would expect them to know the marketing fundamentals for an online marketing campaign. At the same time, internet marketing is not just SEO, PPC, and Social Media. We need to align the traditional concepts to internet marketing beyond business or marketing. These concepts should be accessible to IT graduates as well. Internet Marketing is not just for marketing people anymore, but it’s now IT, Public Relations and Math. We need to start demonstrating the crossover of these disciplines within our industry. It starts with us and we need to reinforce the need for education in internet marketing and encourage the progress of certification programs.

Let us know what you think!

Data Quality is Essential to Pharmaceutical Marketing Success

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Through my work with several financial services organization and pharmaceutical companies, one of the biggest issues I have noticed is with their data quality. These organizations typically have numerous data points such as web analytics, CRM solutions, email marketing platforms, sales information, etc. The challenge is that most of the business units don’t collaborate to integrate their data or to identify the best possible solution to integrate data. If you can’t agree to collaborate, it makes it even more challenging to manage data quality issues. At the same time, organizations have a tendency to use multiple data sources for the same information. Which source is providing the real picture?

Our team encountered data quality issues with a pharmaceutical client while developing monthly marketing metrics reports. We estimated that the data quality issues were costing them over $250,000 per year (if not more). The outdated web analytics solution wasn’t being maintained, so they had skewed SEO traffic, inaccurate referral sources, and limited functionality to integrate with their CRM solution, email marketing, or paid search campaigns.

Basically, they were blindly marketing to healthcare professionals and patients without any knowledge of what their target audiences were engaging with from a marketing perspective. Product managers were being held accountable for something that they had no visibility into, whether it increased new acquisitions or not.

Total Costs to the Organization:

  • Outdated Web Analytics Solutions: $250,000 per year (minimum)
  • Human Resources for Web Analytics Solution: $100,000 per year
  • Estimated Marketing Budget Total: $3,000,000 per year

Poor Data Quality + Poor Data Integration = Poor Decision-Making!

Data Quality isn’t just an issue for Fortune 500 companies. It is also an issue for smaller businesses where decisions can make or break them. Regardless of the size of the business, we still need to take into account the business requirements, technical requirements, reporting, and the impact that the data will have on the organization’s ability to create efficiencies and save time and money. There are significant costs associated with a lack of data and poor data quality.

SEO Results for Regulated Industries in 2012

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There have been numerous predictions on what changes will be seen in 2012 for SEO. We are predicting that more companies in highly regulated industries such as Credit Unions, Banks, Pharmaceutical Companies, and Independent Insurance providers will start to proactively engage in SEO, Social Media Marketing and measurement of internet marketing tactics. Major factors determining marketers’ budget allocations to these initiatives will be the economic conditions and the marketing managers’ abilities to demonstrate the positive influences on ROI.

SEO & Social Media in 2012

As many have predicted in 2012, the days of implementing SEO campaigns without a thought or allocating resources to Social Media are over. This should be the catalyst needed to encourage Banks & Pharmaceutical companies to consider their presence online. Last year, SEOmoz and other industry internet marketing blogs displayed a correlation between high ranking companies and social media metrics. We assume the launch of Google + as well as the modifications to Facebook and Twitter promotions will be more relevant to the equation in the future. Metrics from these platforms have even been added to SEO software as a result.

Figure 1: SEOmoz Facebook Metrics Report

Internet Marketing Challenges for Regulated Industries

One of the biggest challenges for these industries is the interpretation of the financial services laws or the lack of a specific guide by organizations such as the FDA. There currently is a list a specific list of dos and don’t for online marketing provided by the governing organizations. In addition, privacy of customers’ or prospective customers’ information will continue to be a challenge. It is highly recommended that you have someone with marketing experience within the industry overseeing the marketing efforts who understands internet marketing tactics, and has a history of ethical practices. Otherwise, you will increase the probability of experiencing issues and public scrutiny.

Measurement & Privacy go Hand-in-Hand

The measurement of internet marketing is a cause of concern within these industries as well. All of the backlash from retargeting campaigns, the collection of personal information and the use of 3rd party cookies is understandable. But it is critical that all of the internet marketing tactics be measured and aligned to the organization’s goals and objectives. Otherwise budgets and personnel will be cut, because without measuring the marketing efforts there is no way to show how they impacted ROI.

In the case of Banks and Credit Unions, many of these organizations have websites with two different sections that included a secure domain for applications and an unsecure domain for product/service offerings. Many financial service companies do not track the secure domain due to privacy concerns. Generally speaking, as long as you are not collecting personal information within the analytical solution, you legally can measure if visitors completed a specific task (i.e. loan application submission). Since you can accomplish this, you will be able to measure the impact on ROI and demonstrate to senior leadership the value of your internet marketing tactics.

Figure 2: Even Google Analytics has the able to track secure pages.

Remember that SEO results go beyond keyword ranking. Consider the impact that SEO has on new visitors, on-site metrics, landing pages, and other marketing tactics such as PPC cost. Part of the process of SEO for regulated industries is to educate those that are less informed. As marketers, we do not just deliver reports; we must deliver the message and insights, as well as show ROI in a form that senior management can understand.

Privacy Protection on Search Engines & Social Media vs. Value of Data

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USA Today recently ran an article about Facebook’s data collection methods and the issues they raise with privacy protection. Although there is very good reason for these concerns to be voiced, consumers should still be aware that not all monitoring is a bad thing, and in fact, a lot of the monitoring that marketing and business intelligence departments do often benefits consumers greatly.

Check out our latest YouTube video that we released earlier today discussing this hot topic:

So what are you thoughts on this? Be sure to leave comments on both the blog and the video!

Don’t forget to subscribe to our blog as well as to our YouTube Channel to stay up-to-date on the latest issues, news, and tips on internet marketing, web analytics, SEO, & more! Also be sure to follow DaBrian Marketing Group on Google+!

Video: Capabilities of Multichannel Analytics

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One of the greatest challenges in the past has been effectively tracking traditional marketing methods like billboards, direct mail pieces, and print advertisements alongside internet marketing efforts.  This is much more attainable nowadays via Multichannel Analytics.  DMG’s Web Analyst Brandon Wensing describes some of the benefits of using this method to yield imperative insights into your high level marketing efforts:

Has Your Company Forgotten the Web Analytics Data Capturing Basics?

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We did some web analytics consulting for a Fortune 500 company recently. This case was very unique! The company had numerous global websites and campaigns, but lacked a standard web analytics solution, standard profile configuration, dedicated data collection team, data validation process, and avenues of communication between IT and the rest of the business. “Web Analytics capabilities”…are you really serious?

We would highly recommend that you solidify these areas before working on web analytics capabilities.Don’t even talk about data collection methodologies until you have the resources (human) in place to develop universal and standard processes.With good talent and proper documentation, you should be able to identify the gap and resolve any issues.