September 28, 2005

September 28 Clinic Notes

NOTES:

We will be adding notes here. Please refresh this page when instructed to do so.

As a preliminary interactive element of this conference, please take a moment to take this survey:

The following are proposed names for a product that will give you ongoing access to a large database of thousands of up-to-date corporate reports which can be used to make investment decisions.

Take the survey here.


1. TechSavings.com
2. PCPavilion.com
3. BuyTech.com
4. ComputerHardwareDepot.com
5. ComputerHardwareDirect.com


Domain Name Test
Domain NameMax. CPCAvg. CPCAvg. PositionCTR
ComputerHardwareDepot.com$0.31$0.232.70.6%
BuyTech.com$0.31$0.172.70.5%
ComputerHardwareDirect.com$0.31$0.163.30.3%
TechSavings.com$0.31$0.252.70.3%
PCPavilion.com$0.31$0.252.80.2%
TOTAL$0.31$0.222.80.4%


Product Name Test
Product NameClick-Through Rate
StockScreener 5.00.311%
Reuters PowerScreener0.265%
PowerInvestor0.255%
Advanced StockScreener0.240%
StockScreener0.214%
StockScreener Plus0.199%
StockScreener Enterprise0.193%
StockScreener Pro0.189%
PowerScreener 20060.188%
ScreenPlus0.180%
StockSource0.178%
Advanced PowerScreener0.167%
FlexiScreener0.167%
Stock Filter Pro0.146%
StockFunnel0.145%
Personal Broker0.135%
PowerScreener Plus0.134%
PowerScreener Pro0.131%
Stock Genie0.130%
MarketFilter0.120%
PowerScreener Enterprise0.120%
Enterprise Stock Screener0.094%


Product Name Test - Revised
Product NameClick-Through Rate
PowerScreener 5.00.134%
PowerStock Screener0.126%
PowerScreener Enterprise0.120%
PowerScreener Pro0.116%
PowerScreener Plus0.116%


Data on 25,000 Companies [Headline]
INSERTED LINE FROM BELOW
Unlimited Reports. Free Sample
www.ReuterseCommerce.com


1. Company Profile Subscription
2. Company Profile Library
3. Investment Profile Subscription
4. Investment Profile Library



Product Description Test
Product DescriptionClick-Through Rate
Investment Profile Subscription0.2239%
Company Profile Subscription0.2214%
Company Profile Library0.2149%
Investment Profile Library0.2062%


9% Increase Impact on Revenue
Domain NameBeginning CampaignWith 9% Increase
Monthly Search Volume4,600,0004,600,000
Click-Through Rate (CTR)6.71%7.31% (9% increase)
Click-Throughs308,660336,439
Conversion Rate1.42%1.42%
Acquisitions4,3834,777


One-Year Projection
Increase in Monthly Acquisitions394
Increase in Annual Acquisitions4,728
Lifetime Value of a Customer$280.00
Total Increase in Revenue$1,323,840.00


  1. If you have a strong brand already (e.g. Reuters), the test will yield more accurate results if the ads themselves do not have a brand name in the title, URL, or copy. People see a see a strong brand name and just click on it. It is an advantage in actual PPC campaigns, but does not work well if you are using PPC to test the name.

    We believe that the strength of the brand overpowers the rest of the ad, making the subtle changes in the copy less significant. However, if you do use a strong brand name in your name-testing ads, make sure to use it in ALL of the ads, and expect to gather more data before accurate results become apparent.

  2. Unless you disable this feature, Google will automatically start to serve only the ad that is performing the best. This will skew the results of your testing.

  3. You may want to initially test names that are vary dramatically from each other. As you begin to learn what overall approach works best, begin to drill down to slight variations of the best name.

  4. Be aware that the search terms someone uses to find a particular ad may affect the click-through on that ad. For example, if the term "stock picks" is driving the majority of the test's traffic, the name "Stock Picker 2000" would naturally be more relevant. Monitor your keyword selection closely to ensure the legitimacy of your test results.

  5. Start with names that are naturally descriptive, easy to remember, and which indicate the value proposition of the product or service. In the case of a digital product, try to create names that denote tangible value.

  6. Consider the marketing value of the name when interpreting the initial test results. If during the PPC test one name receives a higher click-through, then one would naturally assume that it is the best name for the product. However, make sure also to think about the offer page that will sell each product.

    In other words, keep in mind that the ad with the highest click-through rate is not automatically the ad with the highest final conversion rate to sales. Additional testing -- through to the point of final sales -- will tell you which is the highest-converting ad.

  7. Consider following up the initial name test with a split test using actual landing pages for each name. Or test the product names as part of a multivariate test on your website.

    For more on A/B split-testing, see our recent report on that topic:
    http://www.marketingexperiments.com/see/1119

  8. Investigate whether the domain name for your desired name is available, and consider how it will rank in the natural search engines. A useful tool for simultaneously brainstorming names and checking their availability is:

    http://www.namefuse.com/

  9. Think about how the product name relates to your company name or to other products that you currently sell. Do they mesh well? Is there a natural brand connection between your product name and your company name?


URLs:

1. Become an MEC Research Partner

2. A/B Split-Testing Report

3. http://www.namefuse.com/


BIO:

Dr. Flint McGlaughlin

The Marketing Experiments Journal is published by Digital Trust Inc. (DTI). Dr. Flint McGlaughlin is the Director of DTI.

Dr. McGlaughlin is a pioneer in strategy and communications. His primary research is focused on discovering the most effective means to market intellectual assets across the Internet.

Dr. McGlaughlin has advised more than 1500 companies including, AT&T, The Federal Reserve, Pitney Bowes, and Merrill Lynch. He has conducted over 2000 hours of keynote speaking. He has directed the development of more than 20,000 web pages.

Dr. McGlaughlin currently serves as the Co-Executive Producer of the new FOX Family series: "Courage" - hosted by actor Danny Glover. He also serves as a senior advisor or board member to twelve growing companies, and four charitable foundations.

His writing and television production activities have, thus far, won two Tellys, an Edwin Murrough, and an Emmy.

Dr. McGlaughlin is quick to acknowledge that the research at MEC is largely dependent on the intense, focused efforts of the Lab's Leadership Team.

Posted by Brian Alt at 01:33 PM

September 14, 2005

September 14 Clinic Notes

NOTES:

We will be adding notes here. Please refresh this page when instructed to do so.

- PR1 announced that full subscriptions to the MarketingExperiments site are now free (no more monthly fee).

- PR2 announced that KnowThis.com has named MarketingExperiments one of the best marketing sites on the Internet.

- PR3 announced that MarketingExperiments.com has helped SSWUG.ORG become the world's largest online SQL server user's community.

- PR4 announced that MarketingExperiments.com hired veteran online copywriter Nick Usborne to enhance online marketing research.

- PR5 addressed the importance of not missing the back-to-school marketing opportunity.

- PR6 announced the findings of our testing that as much as 29.5% of Google's pay-per-click traffic may be fraudulent.

- PR7 announced that marketers who ignore A/B split testing are losing millions of dollars.


Press Release Campaign Summaries
Press ReleaseDistributionCostDirect TrafficInterviews
PR1Florida, 200 editors$1655890
PR2Free wires, 200 editors$03660
PR3Arizona, Florida, 200 editors$3302852
PR4Florida, 200 editors$1657750
PR5Free wires, 200 editors$03190
PR6Florida, 200 editors$1654562
PR7Florida, 200 editors$1652742
 
Total $9903,0646


- PR8 featured the headline: "9 Year Old Donates 1000 Bears to Indian Orphans."

- PR9 has this headline: "i58 Projects Helps Find Jobs, Housing for Katrina Victims."


Additional Press Release Campaign Summaries
Press ReleaseDistributionCostDirect TrafficInterviews
PR8Florida, 340 editors$1651783
PR9Florida, 3000 editors$1652,2005
 
Total $3302,3788


PPC vs. Press Releases
CompanyPPC EnginesPress Releases
MarketingExperiments.com$0.42 per click$0.33 per click
i58Projects.com$0.32 per click$0.14 per click


Google CPC Comparison
Press ReleaseAvg. CPCCorresponding Google Keyword(s)Avg. CPC for #1 Position
PR2$0.00Internet marketing$12.25
PR3$1.16SQL server$3.67
PR4$0.21copywriting$2.80
PR5$0.00merchandising calendar$0.24
PR6$0.36click fraud$8.46
PR9$0.08Katrina relief donations, hurricane Katrina$1.00


Press Release Link Generation
Press ReleaseNumber of Incoming Links
PR12,500
PR23,125
PR32,500
PR42,500
PR53,750
PR65,000
PR712,500


URLs:

1. http://www.businesswire.com/

2. http://www.politis.com/

3. http://www.marketleap.com/

4. Katrina Relief Effort - Image 1

5. Katrina Relief Effort - Image 2

6. Email Capture Tested

7. Email Capture Pop-Ups Tested

8. http://www.i58projects.org/


BIO:

Dr. Flint McGlaughlin

The Marketing Experiments Journal is published by Digital Trust Inc. (DTI). Dr. Flint McGlaughlin is the Director of DTI.

Dr. McGlaughlin is a pioneer in strategy and communications. His primary research is focused on discovering the most effective means to market intellectual assets across the Internet.

Dr. McGlaughlin has advised more than 1500 companies including, AT&T, The Federal Reserve, Pitney Bowes, and Merrill Lynch. He has conducted over 2000 hours of keynote speaking. He has directed the development of more than 20,000 web pages.

Dr. McGlaughlin currently serves as the Co-Executive Producer of the new FOX Family series: "Courage" - hosted by actor Danny Glover. He also serves as a senior advisor or board member to twelve growing companies, and four charitable foundations.

His writing and television production activities have, thus far, won two Tellys, an Edwin Murrough, and an Emmy.

Dr. McGlaughlin is quick to acknowledge that the research at MEC is largely dependent on the intense, focused efforts of the Lab's Leadership Team.

Posted by Brian Alt at 02:14 PM