Friday 29 April 2016

This Week in Social: The Latest News, Trends and 5 Eye-Opening Stats You May Have Missed

The social media world moves incredibly fast and to help you stay up to date, we thought we’d round up some of the latest news, trends, research, and statistics that caught our attention this week.

From Twitter redefining itself and some big news from Facebook to new features on Pinterest and Periscope, it’s been an exciting week.

Let’s get started!

pablo (52)

What’s new in social this week

Want to jump to a particular story? Try clicking one of the headlines below:


Facebook reaches 1.65 billion monthly users

facebook-mau

In its Q1 2016 earnings report, Facebook announced it has now reached. 1.65 billion monthly users. That figure means Facebook grew 3.7%, from 1.59 billion monthly users last quarter (Q4, 2015).

The social network’s daily active user count has also grown significantly. It reached 1.09 billion daily active users in Q1, compared to 1.04 billion in Q4 2015, a 4.8% increase.

fb-dau

Twitter is no longer a social network

Highly alert Twitter users noticed it’s now categorizing itself very differently. In an update on April 28th, Twitter now sits in the News category rather than Social Networking.

This change moves Twitter away from apps like Snapchat, Facebook and Messenger in the App Store and the switch also boosted the app to the #1 spot in the News category (it was previously sat 6th in Social Networking).

twitter

Ranking #1 in a category could be a nice boost for Twitter, and could help attract new users who want to keep up with the latest news on mobile. Being ranked #1 will also help with App Store visibility and could lead to more organic downloads.

Could this be a sign of a significant shift for Twitter? Or maybe an experiment to see how App Store categories and rankings affect downloads? Keeping an eye on this over the coming weeks will be interesting.

Video consumption on Snachat has doubled

Daily video views on Snapchat have now hit 10 billion. TechCruch reports that the new numbers represent a 150% increase in video consumption on Snapchat in just under a year.

In February 2016, Snapchat reported 8 billion daily video views and in November 2015, 6 billion views. That’s incredible growth.

➤ For more on Snapchat, check out our ‘Complete Guide to the Ghost’ here.

Pinterest Featured Collections

pinterest

Pinterest has released Featured Collections, a way to keep tabs on trending topics and content. Every day, the brands, celebrities, and influencers, and Pinterest’s own editor’s will curate popular pins, users, boards, and searches within Featured Collections.

The Featured Collections will be localized to the UK, France, Germany, Brazil, and Japan, further strengthening the network’s relationship with international users.

Periscope launches sketch feature and deeper analytics

⚡️🎥🎨🌟 Sketch while you Scope – now available on iOS! http://pic.twitter.com/k5JgViBnkO

— Periscope (@periscopeco) April 27, 2016

Periscope have released a fun, new sketch feature for their iOS app.

The feature enables you to draw anything you’d like over your live stream video, and anything you sketch will vanish after a few seconds.

The sketch feature is accompanied by an update to Periscope’s analytics within their iOS app. Broadcasters can now see how many people have tuned in and when they were watching.

periscope

YouTube announces 6-second ad format

This week, YouTube announced a new ad format dubbed “bumper ads.”  Bumper ads are 6 seconds long and can not be skipped by users.

The ads will be sold through the AdWords auction on a CPM basis. According to Google and YouTube Bumper ads are ideal for driving incremental reach and frequency, especially on mobile, where “snackable videos” perform well.

“In early tests, Bumpers drove strong lift in upper funnel metrics like recall, awareness, and consideration,” they explain in a blog post.

Here’s an example Bumper Ad (h/t to TNW for this one):



5 Eye-opening trends and stats

1. 46% of Snapchat users are 18-24

Using Comscore’s latest report, FastCompany put together a fascinating interactive chart which highlights how Snapchat dominates social media for millennial users.

snapchat

2. 45% of Instagram’s top advertisers are startups

A new report from analytics company Sensor Tower discovered that roughly 45% of Instagram’s top app advertisers collected venture-capital funding in the past year.

The study also found that 65% of advertisers on Pinterest were e-commerce companies or shopping apps.

3. Only 2% of users opt out of Twitter’s algorithm based timeline

In February, Twitter made switched on their “Best Tweets first” timeline for all users. Since then, less than 2% of users have switched off the feature according to Twitter CEO, Jack Dorsey.

Tweets, Retweets, replies, and likes have increased for users with the new timeline, though Twitter is yet to reveal the exact figures.

Here’s a full quote from Twitter’s Q1 shareholder letter:

The enhanced timeline we launched this quarter is a great step forward, improving both speed and relevance. For users with the new timeline, we’ve seen increases in Tweets, Retweets, replies, and likes, a sign that it improves people’s experience on Twitter. Although people can still opt out if they wish, the opt-out rate is extremely low (about 2%).

4. People spend 50 minutes per day on Facebook, Messenger, and Instagram

Facebook’s aim of building a family of apps seems to be showing some success. In Facebook’s Q1 2016 earnings call, Mark Zuckerberg said:

Today, people around the world spend on average more than 50 minutes a day using Facebook, Instagram and Messenger…and that doesn’t count WhatsApp.”

This figure is up from 2014 when Zuckerberg said American users spent 40 minutes per day on its service.

5. Four-fifths of Facebook ad revenue comes from mobile

The Facebook Q1 2016 earnings opened up a ton of interesting insights. But one that caught my eye is just how much revenue Facebook are driving from mobile ads.

Overall, Facebook’s ad revenue jumped 57% in the first quarter to $5.2 billion, up from $3.3 billion in Q1 2015. What’s more impressive is that four-fifths of that ad revenue comes from mobile advertising sales.

Over to you

I hope you found this roundup useful, and I’d love to know if there’s anything I missed. Have any social media stats caught your eye this week? Have you noticed any new features in your favorite social networks and apps?

I’d also love to know if you’d enjoy reading a weekly roundup like this every Friday? Let me know in the comments.

The post This Week in Social: The Latest News, Trends and 5 Eye-Opening Stats You May Have Missed appeared first on Social.



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The $100,000 Challenge: March Update

march update

We finally finished the last month of the $100,000 challenge. March was an awesome month for Nutrition Secrets. Not only did the traffic grow to 218,811 visitors, but revenue did too—it went up to $121,492.65.

It wasn’t hard to hit the revenue goals as we had enough fish oil in stock, plus we started to generate money from affiliate sales.

So let’s dive right in…

Traffic

Compared to February, the traffic went up to 218,811 visitors and 269,814 pageviews. The increase was only 18,102, which isn’t much.

But considering that the popularity of nutrition and fitness sites is cyclical (January and February are most popular) and that Mike didn’t blog much on NutritionSecrets.com in March, it wasn’t too bad.

Overall, Mike has slowed down on the blogging front. Over the next few months, he wants to try a few fun content formats such as infographics and wants to see what happens if we were to dump a few hundred grand into the blog. It won’t be much of an experiment at that point, but we are just curious to see if we can get the blog to a million visitors a month.

traffic sources

Nonetheless, the traffic isn’t performing too badly. Even in April, the traffic has been on an upward trend while little to no effort has been put into the blog since the challenge has been over.

Revenue

The revenue is a bit more complicated to breakdown as it is coming from two sources now: Amazon and affiliates.

In March, revenue from Amazon hit $112,573.30.

amazon revenue

There are a few key elements to growing Amazon sales:

  1. Reviews – the more people you can get to leave a review, the better off you are. Most people don’t even read the reviews, but if they are high in ratings and you have tons in quantity, you are in good shape. If you have a blog that’s driving sales, a great way to get more reviews is through marketing automation. You can promote the product to your email list, and then after a few weeks of promoting your product to those people, you would send an automated email asking them to leave a review. You won’t really know who bought the product, but you would still put the review email—applicable to a portion of your list—in your sequence.
  2. Keywords – with Amazon, you can add keywords. Most people add basic ones like “fish oil,” but as you know, it is all about the long tail. Amazon opened it up so you can stuff hundreds of keywords now, and with the use of Google Keyword Planner, you can come up with popular variations. You’ll then start ranking for tons of keywords on Amazon.
  3. Combating negative Amazon reviews – similarly to what happens when people employ negative SEO, competitors sabotage your Amazon listing by taking up your front page with terrible reviews. They do this to tank your sales so they can generate more income. You fight this by building up your email list on your blog and continually blasting out to your list when you have bad reviews, asking your readers to up-vote the positive ones.
  4. Ads – Amazon allows ads on its platform. Whether it is profitable or not, ads help you generate more sales. And if you can increase your sales velocity, you’ll find that your listing climbs up higher and starts to stick—it stays up there even after your ads stop showing. Sure, other people can do the same thing, but most don’t.

As for affiliate income, we started to push stuff by the Truth About Abs guys. We started doing email blasts to our list in order to generate the sales, and it has been working out well. The copy isn’t too bad, but there are two reasons it’s working out well.

aweber

  1. We collect a lot more emails – we are generating 300 to 400 email sign-ups a day. It’s much larger than our previous numbers for one reason: we turned off double opt-in. Aweber usually requires double opt-in when you use third-party software to collect emails, but Mike called Aweber and got them to disable double opt-ins.
  2. Good copy – our copy converts well. You can see an example email below. And we have many more emails like this in the sequence. So, we continually send you affiliate offers over time, which helps.

Here is the email copy we have been testing:

Email – This plant food HARMS your metabolism & heart

Hi {!firstname_fix}

Sometimes it’s not the enemy you know that’s the problem, but the friend you think you know.

In this case, I’m talking about nutrition in foods. It’s common knowledge that stuff like sugary drinks are just plain bad for you. The best you can say is that your body can absorb the bad effects if you only have them occasionally.

But what about foods you thought weren’t bad, and you heard were actually good for you?

I have some bad news, and some good news. The bad: some so-called “healthy” foods may be the cause of why you work so hard to eat healthy and haven’t seen the results you expected. The good news: There’s a solution I read about from best selling author Mike Geary.  Read on… (removed affiliate link)

Email – 2 Simple steps to REMOVE visceral belly fat (the DEADLIEST type)

Hi {!firstname_fix}

People often refer to past times as “the good old days” with a nostalgic tone. At least when it comes to many nutritional and health practices, I think of them more like the “bad old days.”

For example, people thought the wonders of science had delivered new, healthy products called “trans fats” that were featured in margarine, to replace that nasty butter. We now know that trans fats are about the worst thing you can coat your innards with.

People also thought they could do “spot reducing” of unattractive belly fat by using those jiggling-belt machines, or some other gimmick.

Well, belly fat certainly is still unattractive, and research says it’s also a danger sign. But research has also identified more-effective ways of getting rid of that spare tire. Here’s how. (removed affiliate link)

Email – 7 “fatty” foods for a flat stomach

Hi {!firstname_fix}

I spend full time on nutrition- and health-related activities. That’s the business I’m in.

I’m also an improvement junkie, always looking for the latest, best information. So you can imagine that I’ve pretty much seen it all: Every product, every supplement, every type of exercise.

Most of them are underwhelming. Yawn.

I’m writing you today because I recently came across something that made me sit up and pay attention. It’s a short-term blueprint for eating the right foods to burn substantial fat, and it’s all explained here… (removed affiliate link)

You can find high converting offers on sites such as Clickbank. They even sort the offers by popularity. I need to get a screenshot of our Clickbank revenue and our other affiliate income sources from Mike as he created the accounts and has the logins. Once I do, I will update the post with a screenshot (we use three networks).

The total affiliate revenue was $8,919.35.

Profit

As for monthly profit, it was high…but for a different reason than you might think. When you sell tangible products, you buy tons of inventory and then sell it over the following few months. We didn’t want to be out for our last month, so we spent a good chunk of money in the previous month, and, of course, we bought more in March.

Here is a breakdown of the expenses:

  • Fish oil – $68,492.52 (including Amazon fees, shipping to Amazon for Prime, coupon-related expenses, and producing more inventory)
  • Aweber – $149
  • Designer – $375 (continually tweaking the site)
  • Hosting – $249
  • Mike – free (Mike doesn’t get paid, but he owns a percentage of the blog)
  • Accounting – $290 (we are now paying a bookkeeper to help out with the books)

Total expenses came out to $69,555.52.

That brings the total profit to $51,937.13.

Of course, to maintain the growth, we would have to keep buying fish oil, but after awhile, we would cap out on sales, and our margins should be a healthy 30% plus. As for March, I didn’t spend much on buying tons more inventory as I wanted to show that selling supplements can be profitable.

Conclusion

Overall, the $100,000 challenge was fun, but I wouldn’t do it again. It’s just too much work with everything I have going on.

It was still a good learning experience. One thing I realized is how much harder it is to rank on Google today compared to 5 years ago. Almost all of my sites are old, so it is much easier for them to rank.

And although NutritionSecrets.com generated good traffic, if it were 5 years ago, the blog would have been at a million visitors a month with the same amount of effort.

So, what do you think of the $100,000 challenge?



from Darlene Milligan http://ift.tt/1QFabAH via transformational marketing
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Thursday 28 April 2016

How to Create the Perfect Facebook Page for Your Business: The Complete A to Z Guide

Facebook now has over 1.65 billion monthly active users. And as small business owners and brand managers, there’s a very good chance you’ll be able to reach and connect with your target audience through Facebook.

Great! So where should you start? And is there an easy blueprint to follow?

From creating our Facebook Business page to posting several hundred times over the past few years, we’ve experimented a lot with various Facebook marketing tips and have enjoyed figuring out the best way to create and manage our Facebook page here at Buffer. I’d love to share with you how the process has worked so far from start until now!

Since things continue to change regularly with Facebook and its algorithm, consider this A to Z guide as a great jumping off point for creating a Facebook business page and growing your audience. Start here, test what works for your individual business and brand, and make changes as you learn.

How to Create a Facebook Business Page in 5 Simple Steps

Creating a Facebook Business Page, Facebook, Facebook Business, Facebook Page

Step 1: Fill out your basic business info

Open the following URL to create a business page on Facebook:

http://ift.tt/uD39qA

Once there, you’ll choose one of the following six categories for your page:

  1. Local business or place
  2. Company, organization, or institution
  3. Brand or product
  4. Artist, band, or public figure
  5. Entertainment
  6. Cause or community

facebook create a page

Keep in mind that you can change the category and name later on if needed.

Also, at this stage, it might be helpful to know that a physical address figures prominently in the setup of a local business or place, and the actual Facebook page will appear differently as well.

Here’s the look for a local business:

facebook page business example

Here’s the look for a company or brand:

facebook page company example

It’s something to think about when choosing a category.

Following the category selection, the next setup screen will ask for a descriptive sentence or two about your page, a URL, a Facebook page URL, and a profile picture. If you’ve selected a local business, you’ll also have the ability to select category tags to further define what your store sells.

About your page – You get 155 characters to describe your page. This description appears prominently near the top of your Facebook page on both desktop and mobile. Be as descriptive and helpful as possible.

URL – The web address for your store, company, or brand.

Facebook URL / username – You may have the option to choose a custom vanity URL for your page, i.e. http://ift.tt/1uVMdud.

(Facebook will ask that you reach 25 fans first before you can unlock a custom Facebook URL)

Profile picture – Upload a main profile picture/icon for your page. This photo will appear as your icon every time you comment on a post or publish in a news feed. Square dimensions are best. Facebook will force rectangular photos to be cropped to squares.

Profile pictures should be at least 180 pixels wide by 180 pixels tall. Here is a full list of the sizes that Facebook uses for your profile picture in various places around the site:

  • The main profile image on your page – 160 x 160
  • In a news feed – 100 x 100
  • In your timeline – 86 x 86
  • Next to comments – 43 x 43

The final two steps in the setup process include adding your page to your main Facebook menu (so you can access it quickly and easy each time you log in) and setting up a Facebook ad to promote your new page. These options can be skipped for now.

Step 2: Create an awesome cover image in a snap (no designer required!)

facebook cover image size

By this point, your page is live for all the world to visit. Let’s see if we can make it look even snazzier.

First thing, add a cover photo. The cover photo appears across the top of your page and is a great opportunity to deliver a visual element that supports your branding, draws attention, or elicits emotion from your visitors.

A note on ideal Facebook cover photo size and dimensions: 

Facebook cover photos appear at 851 pixels wide and 315 pixels tall on desktop, however, Facebook crops out some of each cover photo on mobile devices. It specifically strips out 144 pixels off the right and left sides of the image.

Therefore, Facebook cover photo dimensions are 851 x 315px, but only the center 563 x 315px portion of the picture appears on mobile.

You can certainly hire a designer to make you something fabulous, or you can go the DIY route. Many photo editing apps like Pic Monkey or BeFunky can help with creating images of just the right dimensions. If you’re a Photoshop user, we’ve created a couple of Facebook cover photo templates that might be helpful. Canva is another super helpful tool for Facebook cover photos as it comes with several premade templates that look great right out of the box.

Here’s an example of a Canva template you could choose. You can upload your own image to use as the background, and you can edit the text to say whatever you’d like. If you’re looking for high-quality image options, we’ve compiled a list of our favorite sources for free social media images.

Canva template

Once you have created your cover image, upload it to your page by clicking on the “Add a Cover” button.

add a cover facebook page

If you happen to upload an image that isn’t quite the exact dimensions of the Facebook cover, you’ll have a chance to move and edit the image to fit the available window. When you’re happy with the final look, you can click “Save Changes,” and you’ll be set!

Facebook cover example

Here’s a pro tip: When you upload a cover photo to your page, the photo is added as an update to your timeline. If you edit the description of the photo, you can add a message to the update. Click on the photo to open up the photo viewer, and you’ll notice a link that says “Add a description.”

facebook image add description

You can add description, tags, location, and date to your photo. Once you’ve finished, the update to your timeline will be changed to reflect your edits.

facebook cover custom update

Step 3: Fill out your profile completely

Next, you can fill out your profile even more by adding information to your Page Info section. To access this section, click on Settings in the top menu bar on your page, then click Page Info.

page info facebook

Your name and category will be filled in already. Some of the most helpful bits of information to add next might be:

Start Info – You can choose when your company or product was founded, created, started, or launched. This information will appear on the history timeline to the right of your page’s feed and as an update at the very bottom of your main feed.

Address – Enter this if you want people to be able to check in via Facebook when they’re near your place.

Long description & Mission – Add additional details that explain your business or brand even further. This is a great way to go beyond the 155 character description that appears on the main page.

Phone number / Email address – Add additional contact information.

All of these details will appear on the About tab of your Facebook page.

example about section facebook

Step 4: Add collaborators to your page

If you plan on sharing your Facebook marketing duties with a team, you’ll want to grant access for various folks and various roles.

Here are the roles that you can choose from:

Admin – Complete and total access to everything (you are an admin by default)

Editor – Can edit the Page, send messages and post as the Page, create Facebook ads, see which admin created a post or comment, and view insights.

Moderator – Can respond to and delete comments on the Page, send messages as the Page, see which admin created a post or comment, create ads, and view insights.

Advertiser – Can see which admin created a post or comment, create ads and view insights.

Analyst – Can see which admin created a post or comment and view insights.

To add collaborators, go to your page settings and the “Page Roles” section. You can type in the name of any Facebook friend or person who has liked your page. Alternately, you can type in an email address associated with a Facebook account.

Step 5: Publish your first post

Add content to your page by publishing a post—a status update, a link, a photo, a video, an event, or a milestone. New, fresh content on your page will make it look all the more enticing once new visitors come over to check it out.

Keep in mind that visual content does exceedingly well and that Facebook is now ranking Live Video higher in people’s news feeds.

Here’s a telling graphic from a BuzzSumo study showing how Facebook posts with images receive 2.3x more engagement than those without photos.

Facebook, Facebook Engagement, Facebook Marketing, Facebook Pages

And there you have it!

Your Facebook Business page is up and ready to deliver awesome content to your fans and grow into something wonderful.

Read on to learn more about growing your Facebook page and posting best-practices!

How to gain your first 100 fans to your Facebook page

The temptation might be to share your Facebook page right away with all your Facebook friends. Not so fast. Take a moment to think strategically about your plan and to seed your page with content so that it looks inviting and engaging when visitors do stop by.

Publish three to five posts before you invite anyone. 

Then try out one of these strategies to get to your first 100 fans.

Invite your Facebook friends

Facebook has a built-in feature to tell your Facebook friends about your page. Click on the Build Audience link in the top right corner of your page, and choose Invite Friends from the dropdown.

Facebook page setup

You can then pick and choose which friends you’d like to invite, and you can drill down into specific sections of friends, filtered by location, school, lists, and recent interactions.

Once invited, your friends will receive a direct message with an invitation to your page. You won’t have a chance to edit the message they receive.

Invite your coworkers

One of the best sources of social media promotion for your company could very well be your coworkers. Ask everyone who works with you to like the page and—if willing—to recommend the page to any friends who might be interested.

Promote your Facebook page on your website

Facebook offers a full complement of widgets and buttons that you can add to your website to make it easy for website visitors to like your page.

One of the most ubiquitous plugins is the Facebook Page Plugin. With Page Plugin, you can easily embed and promote any Facebook page without visitors ever having to leave your website.

Facebook Page Plugin, Page Plugin, Facebook

Promote your Facebook page in your email signature

One of the most visible places you might find to promote your page is in your inbox. Edit your email signature to include a call-to-action and link to your Facebook page.

signature

Hold a contest

Facebook contests can be huge for gaining likes on your page. Two of the best apps for creating contests are ShortStack & Gleam which help you create custom campaigns to drive Likes to your page (or email capture or fan engagement or any number of different ideas you might have).

What to post and when to post it

In general, there are three main types of posts you’re likely to publish on your Facebook feed:

  • Photo/video
  • Text update
  • Links

As mentioned above, posts with photos garner 2.3x more engagement than posts without photos. 

Definitely make visual content a huge part of your Facebook strategy as well as your larger social media marketing plan.

As far as the frequency with which to post, Facebook’s algorithm changes have made research into the topic rather difficult. The consensus seems to be to experiment as much as possible. As often as you have fresh, compelling content to share on Facebook, give it a try. Try testing post frequency in week-long intervals so that you can measure the results quickly.

With that, we recommend being consistent with your content. When your content is good, your audience will start to expect it on a regular basis. Even if you’re only producing enough content to post to Facebook once per day, try to stick to that schedule.

Social media scheduling apps like Buffer help make this easy by letting you schedule posts ahead of time. You can add to a queue so that your page always has fresh content being posted automatically on schedule.

Ideal length and timing of Facebook posts are another area you might want to experiment with.

HubSpot collected a ton of research from the folks at CoSchedule and from a variety of sources, including QuickSprout, SurePayroll, The Huffington Post, Buffer, TrackMavenFast Company, and KISSmetrics.

Their takeaway:

Facebook Posting, Facebook, Managing Facebook

As far as ideal length, we partnered with our friends at SumAll to place the data and insights into a fun infographic. What we found was that Facebook posts with 40 characters receive 86% more engagement than those with a higher character count. 

Facebook posting strategy, facebook, managing facebook

How to tell what’s worked and what hasn’t

After sharing posts, you’re likely to want to know how they did. Your social media management tool would figure to have some built-in analytics that can help you better understand how your posts performed. Here’s a peek at what the Buffer for Business analytics look like:

Buffer for Business, social media analytics, Buffer Analytics

You can also gain a huge number of stats and numbers from Facebook Insights.

Once you’ve shared several pieces of content to your Facebook page, you’ll see an Insights tab at the top of your Facebook menu, between Activity and Settings.

Buffer

At the top of the Insights page, you’ll see your Page Likes, Post Reach, and Engagement stats for the week, along with a comparison to the same stats from last week.

facebook insights

Another neat area to check is the demographic information on the people who visit and engage with your page.

Click on People from the Insights menu, and you can drill down into demographic information of your fans, the people reached by your posts, the people who engage with your post, and the check-ins you receive at your physical location.

Here’s an example from Buffer’s page insights about the people reached by our posts.

facebook insights demographics

One of the newest features of Insights is the “Pages to Watch” section at the bottom of the page. You can add other pages that you want to monitor—a great way to grab some competitor research and take inspiration from the way that other pages market themselves.

To add a page, simply click on the Add Pages button at the top of the section.

add pages facebook

Search for the name of the page you want to watch, then click to add it to your watch list. Once a page has been added, you can click on the name of the page from your Insights dashboard, and you’ll see an overview of their best posts from the week.

Facebook Insights

Now I’d love to turn it over to you!

What Facebook page tips and advice do you have? What have you learned along the way? Is there any part of the Facebook page creation and management process you’d like to know more about?

Excited to hear from you in the comments!

Oh, and by the way: Buffer can help you drive more Facebook traffic and engagement in less time. Sign up for free and see how it works for you!

Editor’s Note: This post was originally published in 2014, but we’ve updated it for accuracy and comprehensiveness for your reading pleasure. – Brian

The post How to Create the Perfect Facebook Page for Your Business: The Complete A to Z Guide appeared first on Social.



from Darlene Milligan http://ift.tt/21gPPp4 via transformational marketing
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The 4 Steps to Keyword Analysis: How to Prioritize Your Resources

steps

Don’t you love that feeling that comes with keyword research?

You’re left with hundreds, often thousands, of opportunities you can target to grow your business.

If you do your keyword research well, you can even identify several relatively easy keywords to go after.

I know you’re excited.

But there’s a problem…

Which one do you go after first?

Which one do you go after second?

For the vast majority of blogs and business websites, you’ll be able to create only a few really great pieces of content a month.

That means you’ll never get to every single keyword you dug up in your research.

In fact, you may never get past 10% (but you can still be incredibly successful). So, what do you do?

You prioritize.

Some keywords are better than others to go after for your business.

I’m going to show you a 4-step process you can follow to analyze the keywords you came up with and decide which keywords to pursue. 

Step 1: Organization is key

Keyword research and analysis is not something that can just be thrown together.

You can’t randomly input keywords into tools and sporadically analyze them—it’s impossible when you have potentially thousands to go through.

That’s why organization is critical. Take the time upfront to get all your keyword research into one area.

In this case, I recommend using a spreadsheet. Once you have a list of keywords to consider, put them in a single column.

Next, get the search volumes for each keyword if you haven’t already. Just copy and paste them into the Keyword Planner if you have to.

This step isn’t hard, but it could take some time.

By the end, you should have a spreadsheet like this, with all your keywords:

image02

Step 2: It’s time to take stock

Before you even look at your keywords, you need to decide what you’re willing to invest to go after them.

For example, if you have a $500 monthly budget, you cannot target highly competitive terms such as “home insurance” because you’ll get zero traffic. Instead, it’s better to target more realistic terms and get a steady trickle of traffic.

Since keyword research is usually tied to SEO at least a bit, you need to give yourself a fighting chance at ranking #1-3 for each keyword you target.

But put aside the competition aspect for now, and make sure you know exactly how much of the following three factors you have available.

Factor #1 – budget. To target a keyword, you’ll need two things: content and promotion (mainly backlinks).

Many businesses hire someone (or a small team) to produce content and do the promotion.

Right here, you need to be able to answer these questions:

  • Do you even want to spend money on targeting keywords?
  • Alternatively, do you have to spend money to do it (because no one on your team has the skills or time to)?
  • If so, how much can you reliably afford to commit on a long term basis (at least 6 months)?

To get the most out of your content, you need to think long term. It takes months of consistent, high quality work before traffic starts to pick up.

That’s why it’s not enough to invest a lot upfront and then pull funding when the results aren’t amazing immediately.

If you are going to employ that approach, divide that upfront money into at least six portions, and plan your content and promotion accordingly in the future.

Factor #2 – manpower. If you don’t want to spend money to hire people to produce content and promote it, you need to do it yourself (or assign it to an employee).

Or you might want a mixture of the two options.

Either way, determine right now the maximum amount of time you, or someone on your team, can commit to working on a specific keyword.

Again, this needs to be an amount of time specifically carved out for this work. You need consistency.

Factor #3 – expectations. When I refer to expectations, I mean answering this question: How well do you need to rank in order to be happy?

Or a better question might be: How much traffic do you need if you spend a certain level of resources on your marketing and SEO?

If you’re starting from scratch, getting just 100 organic visits a day might justify the work you’re going to put in, at least for now.

But if you’re heading up this work at a large website, getting an extra 100 visits a day might be only 1% more traffic, which isn’t good enough.

The point here is to see if there’s any misalignment between the first two factors and your goals.

If you’re expecting big things with a small budget, you’re doomed before you even started. At this point, you need to revisit your budget and manpower available—or tone down your expectations.

Alternatively, if you’re expecting to get an extra few thousand visitors a month after 6 months of work with a budget of a few thousand dollars a month, that’s achievable, and you can move on to the next step.

Step 3: Competition will dictate desirability

All right, now we can get back to your list of keywords.

This step is about one thing: determining the level of competition for each keyword.

This competition level refers to how hard it will be to rank in the top 3 listings for that keyword in Google.

That being said, if you have another distribution channel (social media, forum, etc.) that you know you can get a ton of traffic from for content on a specific keyword, classify that as easy.

Essentially, we’re looking for an overall measure of how easy it will be to get a reasonable amount of traffic from each keyword.

Option #1 – assign each keyword a competition value manually: Create a column on your spreadsheet to assign a competition value in either of two ways:

  • General categories - competition isn’t an exact science. You may opt to simply label each keyword with something like: easy, relatively easy, average, hard, very hard, etc.
  • Specific numbers - you can also use a scale of 1-5 or 1-10, where low numbers indicate low competition and high numbers are the toughest.

I recommend the second way because we’ll be using it later on.

Here comes the hard part: figuring out the competition level for each keyword. This can take a lot of time, especially if you’re doing it all yourself.

Basically, you need to get the top 3 results (or more) for each keyword, and then look at the following factors:

  • How relevant is the content? (i.e., is it clearly optimized for the keyword?)
  • How impressive is the content? (can you make something significantly better?)
  • How many backlinks point to the page? (only count high quality ones)
  • How authoritative is the site? (e.g., Forbes is highly authoritative, potatoesarethebest.com is not)

You could also look at factors such as mobile-friendliness and page load speed, but you’ll never be able to analyze all your keywords if you include too many factors.

This doesn’t need to be a perfect analysis, but it should be at least a good estimate of what you’re up against.

Put all those together to come up with an overall competition score.

Option #2 – use a tool to gauge competition: I know I don’t have time to do the above for thousands of keywords.

The good news is that many signals can be checked automatically with tools. You can find a bunch of options in the keyword competition section of this guide.

These tools look at the above factors and then use a formula to calculate an overall competition value (usually out of 10 or 100).

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This can take this step down from several hours to just minutes, which is obviously a great thing.

The one thing you sacrifice is control.

You have to trust that the minds behind the tool are weighing the factors correctly and generating a relatively good competition estimate.

I suggest trying out a tool and then manually going through a dozen keywords to see whether the tool’s competition assessment matches yours.

Step 4: It’s time to turn to math

“Oh crap, I don’t remember calculus…”

Don’t worry, you’ll need only very basic math here.

This is the final step of our analysis, where we create a score that will tell us which keywords to prioritize.

Let’s recap what we’ve done so far and, more importantly, what we’re looking for in a great keyword.

Ideally:

  • We want keywords with low competition.
  • We want to get a lot of traffic if we rank highly for it (more is better).
  • It must be realistic—if a keyword has competition that clearly exceeds your budget, it should automatically be the lowest priority.
  • We need a minimum amount of traffic to make it worth your time.

Part #1 – filter and eliminate: Those last two points are the easiest to start with. If a keyword doesn’t meet those conditions, it should be assigned low priority and removed from consideration.

Start with the minimum traffic level.

You’ve already decided the minimum return you need, and we’ll use that here.

If your minimum was 100 visitors per day, or 3,000 per month, a keyword with a monthly search volume of 50 will not be worth it.

Your cutoff will probably be 500-1,000 for that example. With 7-15 pieces of content, you could hit your goal, which is reasonable for most. Keep in mind that you will get only about 30% of the monthly search volume as #1 these days.

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Filter out all the keywords below that monthly search volume.

Next, based on your predetermined budget and manpower, along with SEO experience, determine what competition is too high.

If you have a small budget with very little manpower or SEO experience, eliminate all keywords that are above average in difficulty.

You’ll have to judge this for yourself.

Part #2 – calculate a priority score: Now you’re left with a list of keywords that would be both good and realistic to rank for.

They should all be keywords you would target if you had enough time.

This is where the math comes in.

We’ll use the following formula:

(A*Traffic) / (B*Competition) = Priority Score

A and B are both constants that we’ll figure out in a second. Traffic and competition both come from your earlier numbers.

A high priority score is a good thing. The higher the score, the sooner you should target it.

The constants can be anything, but they mainly depend on two things:

  • Risk tolerance - if you’re willing to take a risk and go for high volume keywords (that require more resources to target) make “A” larger. If you want more reliable results (small wins), make “B” larger.
  • Skill level - if you’re an expert SEO, you can decrease “B” because competition isn’t as scary. If you’re not as experienced, make “B” larger.

Before you do this, I’d advise to normalize your traffic numbers. You should do this since competition is already normalized from 1 to 10 (or to 5).

To do so, take the logarithm of each number. For example:

  • log(1,000)=3
  • log(50)=1.69

Then, multiply each of these numbers by a scaling factor that is equal to 10 (or 5) divided by the largest number you have. If you only had the two examples above, the scaling factor would be equal to 3.33 (10 divided by 3).

Now all your traffic numbers are out of 10, and you’ll get a more reasonable set of priority scores.

Sort your list and get to work: You’ve done all the hard work. The last step is to sort your final list by the priority score, highest to lowest.

Now, plan your content and promotion schedule according to this list. Start at the keyword with the highest priority score, and work your way down.

Conclusion

As you can see, keyword analysis isn’t incredibly difficult, but it takes a lot of work.

While you may want to take shortcuts, don’t.

Getting your analysis right will save you from chasing the wrong keywords and wasting hundreds of hours, and it will help you target keywords that will give you the quickest results.

If you have any questions about keyword analysis, just leave me a comment below.



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