Arkansas Internet Marketing and Arkansas Inbound Marketing Blog

Jon Dodson

Recent Posts

Google Analytics Advanced Segments: Is There Buried Gold in Your Blog?

Posted by Jon Dodson on Thu, Jun 16, 2011 @ 17:06 PM

If you know us, you know we live in our clients’ data.  If you don’t know us, then please understand... WE LIVE IN OUR CLIENTS’ DATA.  The data is where we find the secret map to the buried gold.  Here’s a good example.
 
Not too long ago we were preparing to meet with one our clients.  Part of this is putting together the PowerPoint slides that walk through our performance over the last month.  Not to brag, but it was all good news:
  • 5.0x ROI YTD on ALL related spending (media buys, professional services, technology, and attributed in-house resources)
  • Total visits up 184% year-over-year
  • And ‘non-branded’ organic search (SEO) visits up 231% year-over-year
 At this point it is easy to give ourselves a pat on the back and move on to the next task.  Seriously, think about it.  No client is going to push back on results like that.  They are getting what they are paying for (actually 5x what they are paying for).  But there is always more!

During our monthly analysis the data from the client’s blog jumped out at us.  This client has been working on their blog for 16 months.  Yep, 60-something entries.  Was it always rewarding?  Nope.  They had several months in the beginning with less than 50 page views per month to their total blog.  Translate that into layman’s terms analysis - no one cared they were blogging.  But, the last four months their blog averaged 1,600 page views per month.  Nice jump.  

At first this felt like a small victory, but we peeled back another layer of data and it started getting ugly.  

First, we had to identify the business purpose(s) of the blog: 1) Introduce the brand to potential customers; 2) Convert new potential customers into leads.  Quick aside: Don’t mistakenly  think the purpose of a blog is to increase SEO mojo.  It is unlikely that your customers pay you for your SEO mojo, so it doesn’t qualify as a business purpose.

Next we used Google Analytics Advanced Segmenting to really dive into what was happening and separate all of the noise from the true signal.  To quote Avinash Kaushik, “You no segment, you no find insights.  You no segment, you no have job for long time.”  We want to work with our clients for a long time, so we segment.

We created the following segments:
  • Blog Entrances: These are simply visitors who came to the website through the blog.
  • Organic Search Non-Branded Blog Entrances: These are visitors who came to the website through the blog who were not intentionally looking for the brand.
  • Non-Branded, Non-Blog Entrances: These are visitors who came to the website without the blog who were not intentionally looking for the brand.
The following table is what we found:


Here are our takeways from this data:
  • 31% of visits to the blog are non-branded.  So the blog is introducing the brand to people who were not otherwise looking for it.  This is a success and a baseline to gauge future improvement.
  • Non-branded visitors to the main website behave dramatically different than non-branded visitors to the blog.  The Non-Branded, Non-Blog visitors are 1,053% more likely to become a lead!  Ouch.  
Here is where it gets more fun.  Now that we have found a problem we have to ask, “What is it worth to solve it?”  From data supplied by the client we know what each lead is worth; a bit less than $200.  We’ll use a value of $200 per lead for the sake of making the math easy here.

So the current value of the Organic Search Non-Branded Blog Visitors is $1,000.  But if we could get the Organic Search Non-Branded Blog Visitors to behave like their cousins the Non-Branded, Non-Blog Visitors and convert to leads 2.54%, then there would be have been 58 (or 53 more) leads!  That gets us to $11,600 right there!

But lastly, we need an annualized dollar figure so we are making apples-to-apples comparisons prioritizing improvements to the website.  In this particular case we could expect an increase in Annualized Revenue of $25,000 if we hit our goal!  This tells us that it is well worth some time and effort to solve this problem.  

This is where the story ends for now.  If you want to hear what happens next as we work on this problem be sure to subscribe to our blog for automated updates.  

Angel Investors Chime in Arkansas Senator Mark Pryor's Proposed Angel Investing Bill

Posted by Jon Dodson on Thu, Feb 24, 2011 @ 00:02 AM

Arkansas Senator Mark Pryor recently proposed a bill that would provide a 25% federal income tax credit for investing in small businesses.  You can see the details of the bill here.

We got a chance to catch up with several leaders in the startup community, both inside and outside Arkansas, and get their thoughts on Senator Pryor's bill.

 

"Mark Pryor’s American Opportunity Act is not only great news for investors but for the entire startup community as a whole, especially those who have a far greater chance of succeeding if they’re able to secure seed and early stage funding from local angel investors but who might be too early in stage for (or not need) funding from larger venture capital firms.   Our economic future as a country does not solely depend on the outcome and success of giant corporations who have already “made it” and those that encounter no hurdles or challenges in their earliest stages, but also in large part on that of smaller startups that provide tremendous value which may not yet be realized or have not yet made it past a prototype or minimum viable product stage.   These type of businesses and entrepreneurs are critical to our country’s economic success and are extremely important for job creation.  Mr. Pryor’s bill will help encourage investment in these types of early stage businesses and ambitious entrepreneurs, and is nothing but great news for the entire startup community."  

Michael Peace, Angel Investor & Owner of JMP Consulting, LLC

"Senator Pryor's proposed legislation would have a major impact on the future of the American economy by helping to unlock billions of dollars of private capital, and direct that money into the country's entrepreneurial high tech innovation sector. There are currently over 250,000 angel investors in the US, and this legislation has the potential to double that number."

David S. Rose is CEO of Angelsoft (www.angelsoft.net), the official software platform of the Angel Capital Association and the National Association of Seed and Venture Funds. Angelsoft is used by over 30,000 accredited angel investors to collaborate with over 100,000 high-tech entrepreneurs. Mr. Rose is also the founder and Chairman of New York Angels, the leading angel investor network on the East Coast, as well as an active angel investor himself who has helped to fund over 80 high tech startups.

"Most new high wage-rate job growth comes from technology-based start-ups.  Venture capital has become less available and more conservative over the past ten years as traditional exits such as IPOs are scarce at best. Senator Pryor's proposed America Opportunity Act acknowledges that early stage business creators are the critical job creators.  For early stage innovation-based business, angel investors provide the crucial risk capital available from no other conventional source.  Providing a federal equity investment incentive of 25% reduces the considerable downside risk associated with these critically important investments, such that the available investment pool should increase dramatically.  Similar programs have been available and very successful at the state level in a variety of states including Arkansas.  I applaud Senator Pryor's leadership in putting this bill forward, and I sincerely hope this measure receives broad bipartisan support.  Frankly, federal measures such as this are long, long overdue."

Jeff Amerine, PMP

"I think a tax credit for angel investing would spur entrepreneurial growth.  There are many more potential angels out there that have not yet started investing, but have the capital to do so.  The reason they're likely not investing yet is that they don't feel like they understand the process -- and if they do, they recognize that it's hard to produce a positive return as an angel investor.  A meaningful tax credit like the one proposed would likely sway many more angel investors to fund early-stage entrepreneurs."

Dharmesh Shah - Founder of HubSpot and co-author of Inbound Marketing