Increasing Your Brand’s Value Online
As a marketer and ‘educator,’ (teaching people to fish, rather than fishing for them is my new bliss) I’ve been spending a good amount of time helping businesses understand the basics of search engine marketing and how to safely negotiate new media influencers (bloggers) and leverage the power of social networks.
All are brand building exercises.
The positive impact of a brand presence online in both search and in social spaces can be accurately measured in both leads and brand value for B2B and B2C brands when campaigns are constructed well.
And the best campaigns - just as in real life - are best constructed when considering people’s intentions, activities and behaviors online.
Building Brand at the Height of Engagement - Search:
Gavin O’Malley, in today’s Online Media Daily wrote of Google’s new report “The Brand Value of Search.” Granted, we must consider the source - Google makes a ton of money serving search advertisements - but there’s measurable value of Search Engine Marketing (SEM) to a brand.
Google discovered (in surveying 2400 people, showing them generic ads followed with a brand recall questionnaire):
“As a branding vehicle, paid search strives for top-of-mind awareness for clients’ brand, and negatively impacts awareness for their competitive set, while impressions provide “free” brand lift, without the CPC investment.“
A well-written, compelling search advertisement can, in a mere 130 characters:
- Solve a searcher’s intrinsic desire to find relevant information
- Engage, educate and (even) entertain prospects and future buyers
- Generate brand awareness
…And (according to Paul Kedrosky, brilliant renaissance guy, in his 2007 presentation to Angel Oregon) at an average customer acquisition cost of about $8.20, search is the most cost-effective means to capture customers for some channels.
Building Brand at the Height of Meaning - Social Media
In a classic case of understanding the motivations of people as they engage online; an article in February’s Search Engine Watch dissed advertising as a marketing tactic to increase brand value where social networks are concerned.
“Remember that your brand influencers are online to connect with people who care about the things they care about. They are there to make meaning, not to be broadcast to. They are there to participate and create, not to be advertised to. The more your brand can assist people in connecting with others online to create or share something new, the more favorably you will be received in these new and influential social circles.”
Brands will add value to the consumers congregating in social network spaces by:
- Providing fun (via engaging content, video, games)
- Delivering useful tools (widgets, applets, etc.)
- Providing shortcuts to information (using widgets, extending users’ access to mobile devices, etc.)
- Conversing transparently (which means admitting errors, mistakes and omissions) with their engaged customers and prospects - and
- Listening to what people have to say
Socially connected consumers, interacting with a brand via tools, gadgets and content will easily extend brand awareness (therefore adding tremendous value to a brand) as they share information with others while connecting socially online.
Linking Search and Social Networks
In their book Groundswell, Forrester analysts Charlene Li and Josh Bernoff talk about how social networks naturally connect people with the groups they care about. When people flock together for common good, brand associations are especially strong.
(Think about this. If brand awareness is raised in the act of searching, imagine the strength of a brand impression when engaging in meaningful social activities!)
In the groundswell, every online transaction has the opportunity to be rated and reviewed. What is your consumer’s experience with your brand during the transaction process? Are you measuring it like they are?
In the groundswell, “tags,” which are keywords supplied by ordinary people, are reorganizing the way we find things.
- People type keywords into search engines
- Search engines deliver results in the form of advertisements and links to naturally relevant content (most often socially generated content will rise to the top of search results) and
- Consumers “vote” on the relevancy of the results with each click
In any case, positive brand associations generated along the way; whether you pay per click or pay to play.
[...] As a marketer and ‘educator,’ (teaching people to fish, rather than fishing for them is my new bliss) I’ve been spending a good amount of time helping businesses understand the basics of search engine marketing and how to safely negotiate new media influencers (bloggers) and leverage the power of social networks. All are brand building exercises. The positive impact of a brand presence online in both search and in social spaces can be accurately measured in both leads and brand value for B2B The Rest Of The Story at Technorati … [...]
I’d be interested in your thoughts about the domain names as it relates to search.
Should companies create sub-domains off their existing brand (e.g. drinkmore.coke.com), or try to expand out to multiple domains, possibly diluting their marketing dollars between brands (e.g. drinkmorecoke.com)?
Which do you think is the best strategy nowadays?
Hi Craig, I always love it when you drop by, because you always ask such interesting questions.
To me, buying relevant domain names are a great way to augment your brand in the market, even if you’re simply purchasing them as a defensive brand position. (I don’t want anyone else to own drinkmorecoke.com, if I’m Coke… nor do I want anyone else to own cokesucks. Which is kind of a sad statement of protecting your brand.)
Domain names can be great for supporting offline to online promotions - it’s much easier for people to remember drinkmorecoke.com than drinkmore.coke.com.
I think few marketers (with the exception of folks like Coke - with big consumer brands) really understand the value of domain names as branding vehicles. Especially when it comes to the subject of local search, and local services.
For example, I signed up for SnapNames’ expiring and deleting domain names with “Portland” in them about a year ago.
Just in the past week, I’ve had the opportunity to bid on the following auctions:
portlandsportsnews.com
portlandhotelrates.com
portlandwebdirectory.com
Now, these are not bad opportunities for associating your brand with a location, especially if you are expanding geographically.
In other words, I’m a big fan of buying domains for branding - even in ways you might not consider building a brand in specific… associations can go a long way.
Thanks for asking.