Thursday 30 July 2009

All happening at Yahoo


Yahoo offers a free Analytics software, similar to Google Analytics. However you need to spend advertising money with them. I feel special because I have had an account to use for educational purposes. I can report that it works and I enjoy using it and teaching with it.

Today Yahoo launched a network of consultants, see


And I see they are using an academic David Reilley to look at Advertising effectiveness. See his work on Yahoo advertising here



Today's news of Google/Microsoft collaboration must only strengthen the offering. Certainly one to watch




Wednesday 29 July 2009

buy.ology and Neuroscience


I have spent months trying to write a book review for a book by Martin Lindstrom called buy.ology. My difficulties are many, so I am going to share some of them with you!

First of all the book is written in the style of an airport book, in other words, easy reading for managers on the move. It is well written in that it is a compelling read and the fact that it is "true" makes it even better. However as an academic this style is frustrating, as an academic I want to see the objective, method, results and conclusion in a clear way, easily seen.

The basic story is that Lindstrom is a respected marketer and he raised loads of money from multinationals to fund research. The research was to look at brain activity in conjunction with use or thoughts of brands. This is a case of metrics and measurement, so that is why I mention it here. His conclusions come thick and fast before we see the method, another reason why I find it annoying. Some highlights are:
  • cigarette packet warnings create craving rather that warnings.
  • Product placement may be a waste of time
Another difficulty I have is to trace how these things come from the data... I am still searching. Judge for yourself, you can see the author describe the book, download a PDF chapter free etc. Just go to his web site here




Tuesday 28 July 2009

DIY Online Surveys


When considering whether to carry out primary research, a company has two options: it can stay in-house or go to an outside agency. DIY survey software allows the researcher to create questionnaires using an easy template; effectively, this is a ‘questionnaire wizard’. Email addresses belonging to customers or prospects can then be inserted into the software. At the touch of a button, email messages go to hundreds of respondents simultaneously. The recipient can link to the questionnaire from the message. This is an online survey and easily administered via the Internet. Many packages also allow immediate analysis of results; visual displays of data can be produced instantly.

Many of these services are free of charge, and the rest are certainly affordable. We now see that companies, large and small, are turning to this approach to conduct research. Reader’s Digest supplies reading matter, music and financial services, and is a big user of research; the company sees ‘DIY research’ as an integral part of its business. Product managers in many companies, hard-pressed for results, will turn to DIY survey software. Suppliers tell us that their clients are household names such as Nike, Visa, Domino’s Pizza and Gillette.

If you have a Google account you can produce a questionnaire online. Go to Google Docs and click on NEW. Then select FORMS from the drop down box. Here are a few commercial providers of these services along with their websites; most have free trials and instant demonstrations. As one claims, ‘you can begin creating online surveys in minutes’.Google Docs

Advanced Survey CreateSurvey KwikSurveys Make Survey Market Sight Poll Daddy Qualtrics Survey Garden Survey Gizmo Survey Professionals SurveyGold SurveyMonkey Vovici Web Surveys ZipSurvey™ Zoomerang

(Extract with permission from Bradley: Marketing Research Tools and Techniques, Oxford University Press buy HERE from Amazon)



Blog Searches


Blog Search Engines are a good way to spot the chatter about your company or brand. They show how your product or service is seen "on the street".

Try some of these


and here is a list of many

Saturday 25 July 2009

Social Media Monitoring

Social media, has really arrived! Look at this list:

  • Instant Messaging, Message Boards, Text chat, Internet forums,
  • Blogs, microblogs (twitter),
  • social networks (Facebook, LinkedIn),
  • Wikis, Social guides, Social bookmarking,
  • Virtual worlds (Second Life, Habbo) and others.
I am amazed by the number of monitors for social media. Here are just a few

And here are some Twitter monitors

Will we see meta-analytical tools next?


Friday 24 July 2009

Puzzling Results


Although I think web analytics are an amazing thing, every so often users in large companies find conflicting results with two types of software. There are usually good reasons such as reporting two different time periods or excluding certain things or often the software has been configured differently. A recent post to an online forum is typical of the frustration shared by a few users

"We have XXXX on one of our sites and we were suspicious of the numbers so we put Google Analytics on it as well. I expected discrepancies in the total numbers, but they trend differently too and that I can't figure out.
For example, using a basic metric like "visits" I find that between day X and day Y our XXXXXwill report we got fewer visits and GA will report we got more visits.Can anyone tell me how something basic like visits can be counted so differently between two reporting suites? "

Indeed Google have answered that question see their answer by clicking HERE

Tuesday 21 July 2009

CAM Foundation Qualifications

Great to see the two new diplomas from the CAM Foundation dedicated to Digital Marketing. Here is a taster of just one unit:

Digital Marketing Essentials

Element 1: Campaign Tools (30%)

Element 2: Using campaign tools (40%)

Element 3: Monitoring (30%)

Looking good!


Thursday 16 July 2009

Comparing competition - intelligence!

There are several services that allow up-to-date comparison of competing companies. One of these is the shopping agent, which will compare specified products or services. Comparison shopping services allow products to be compared by price, delivery date, etc.

More sophisticated systems are also available and these services act as a monitor of web activity by individuals. We can see, for example an increased interest in specific brands or products, we can identify fashions as they emerge. Many devices allow the user to enter several competitors to view daily unique visitors, comparisons by region, sites visitors and keywords used to find these sites. Complex data processing allows estimates of advertising expenditure to be made available.

Here are some links to explore which use blog posts, twitter and new searches to identify “chatter” and create a view of user activity, fashions and company popularity.

http://www.twitscoop.com

http://technorati.com/

http://buzz.yahoo.com

http://hotsearches.aol.com about.ask.com/en/docs/iq/iq.shtml

http://www.trendpedia.com


Wednesday 15 July 2009

Web site Analytics?

A quick observation. On the whole I try to use the two words "web site" as opposed to "website". The Web Site version is generally used with "classic" (albeit recent) books such as

  • Peterson Eric T (2004) Web Analytics Demystified: A Marketer’s Guide to Understanding How Your Web Site Affects Your Business. Celilo Group Media
  • Peterson Eric T (2005) Web Site Measurement Hacks. O Reilly ebook
  • Sterne, J. (2002) ‘Web metrics, Proven Methods for Measuring Web Site Success’ – London - John Wiley and Sons Inc
Also what is perhaps worth paying attention to is the use of
  • Web analytics
  • Web measurement
  • Website analytics
  • Website measurement
  • Web site analytics
  • Web site measurement
Some authors say that measurement is different from analytics (the reasons vary) but I often use them interchangeably


Tuesday 14 July 2009

AdSense

AdSense is the biggest secret earner on the Internet. Effectively Google are creating advertising billboards in places never expected. Revenues come to these new media owners from unexpected places. I love the condition "I will not click on ads I'm serving" to stop click fraud...