Welcome!

Cognitive Computing Authors: Zakia Bouachraoui, Liz McMillan, Pat Romanski, Yeshim Deniz, Elizabeth White

Related Topics: Cognitive Computing

Cognitive Computing : Blog Feed Post

Beyond Paid Search, What Else Is Needed?

Go ahead, place all your bets on search – I dare you!

Marketing & Sales on Ulitzer

Search marketing is one of the great tools in a marketer’s arsenal. We help our clients with search and find it’s often one of their most effective lead generation vehicles.

That being said, I’m going to take a few minutes and pick on pay per click search here because, in so many cases, businesses are getting sold on paid search as a “full marketing solution” — and they’re believing it.  In these cases the reality is it’s usually being sold by salespeople disguised as marketers who only really look at the media side of marketing (Yeah, you know who you are!), and not all the other facets.

I could have chosen social media, broadcast or a host of other channels - it’s not this specific channel that I have an issue with as much as the focus on any one channel as some sort of magic bullet.  But, for some reason we see this in the search channel far more than any of the others.  Likely this is because the ability to so directly track — spend to searches to clicks to leads/sales to CPA — creates such a clean picture that it’s tough to argue against continuing to feed that success until it’s maxed out.  And once maxed out then, and only then only then, moving on to another channel.

The problem with that single channel focus, however, is it is incredibly risky.  Not Shaun White, Half-Pipe X-Games Cool risky but Russian Roulette Foolish risky.  The reason is simple - all of your eggs are now firmly placed in one basket.  And we all know the rest of that cliché.  And we all also know this - the marketing landscape is constantly changing, and now more rapidly than ever before.

So, maybe paid search is knocking it out of the park for you today, but what happens if Google adjusts the rules of AdWords again? Or when Yahoo and Bing unify their platform in the near future with their deal now having cleared the biggest regulatory hurdles? Or with just the fact that the amount of competitors you’ll find in paid search now looks to be far greater than even 2 or 3 years ago with later adopters coming to the table, the growth of automated platforms, locally focused management tools and a host of other reasons.  By now you can certainly see where I’m going with this.  It’s incredibly likely that no matter your industry, there isn’t just one magic bullet but an integrated mix of tactics.

Rather than getting sold on pouring everything you have into paid search, the better move is to diversify your tactics. As Mike often says, think of your marketing approach like a stock portfolio.  By investing in and testing multiple channels, and adjusting based on which ones succeed and fail, you’ll have multiple sources of leads/sales and not be exposed to the risk of just one channel.  Certainly include paid search in the mix, but don’t make it your only ingredient.  Because that doesn’t make you X-Games Cool, it makes you Russian Roulette Crazy.

Don’t hesitate to drop Will a comment on this post.  If you liked this post, follow @willdavis on Twitter for more commentary like this.

 

Read the original blog entry...

More Stories By Will Davis

Right Source Marketing helps organizations build their marketing strategy, organize the structure to accommodate that strategy, and deliver the specific services to execute that strategy. We do this through a unique model that provides senior level strategic consulting as well as specific services that cover every area of an organization’s marketing plan.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


IoT & Smart Cities Stories
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...