bwagy, the blog of Ben Young

Here’s a thought, when looking at any metric.

Quality over quantity.

Those that focus on quality don’t worry about the big numbers, they obsess on quality.  As a consequence they get the numbers.

Those that focus on quantity, aspire to be the former but end up with sub par results, as they focus on quantity over quality.

The funny thing is that the quality guys don’t care about the numbers but the latter do.

Paradox but rings true time and time again.

Some guidelines for internet entrepreneurs developing their early stage marketing strategy:

• SEO is about branding, it takes time, it does pay off, but don’t expect overnight success.  Expect months of hard work to recreate the apparent look of overnight success.
• PPC is great if you can sustain it.  Often you are developing or creating a segment of which it is hard to get a return on this initially.  If you are in the rare stance of breaking even or making a profit (whilst in startup mode) go horizontal, invest in MSN, in Yahoo.  Get their lower competition marketplaces to help you drive profit.
• Viral tactics are just as the term describes, tactics.  They help provide a short term boost, or add the icing to the cake.  Realise this and use it to your advantage.  Solid business growth still comes from delivering insane value to your customers and looking after them.
• Marketing results always take double the amount of time that you predicted, it takes time to refine your strategy, make the technological changes, talk to all developed parties.  However picking up the phone and calling your existing clients can be done today.
• Focus on building brand name searches, measure the numbers of visit by your brand, focus on pushing that.  No one can compete when people are motivated to look for you.
• Do not skimp on metrics, use Google Analytics, capture all that you can (helps for future analysis) but focus on the key metrics that drive your business today.  Match them to business objectives and real dollars in the hand. 
• Blogging will be your #1 Marketing Tool if you use it wisely, so only blog if you’re going to do a good job of it.
• Communities are fantastic but like blogging require a lot of work, if you are time poor this may not be your best approach.  It is better to not do it at all than do it miserably.
• The best people you can hire (if you need hire at all) come from referrals, they don’t need splashy websites to sell themselves, their clients sell them.
• Free is good, creating a product that people marvel you charge so low for it is better.  Case in point Basecamp.
• Stick to your strategy, it will naturally evolve over time but if you quit because you don’t get instant results you are following the path to mediocrity.
• ALWAYS (and I mean ALWAYS) question those that provide marketing advice, it helps you understand their thinking and helps them learn about you.
• Once you have your strategy get onto it, there are a thousand ways to skin a cat, focus on yours.  Marketing fads come and go.

And finally….Stop procrastinating and start now!  Many entrepreneurs know what they need to do, they just don’t do it, like this blog I just do it, not spend all my time talking ….

It’s the old adage Peter Drucker came up with:

“What gets measured gets managed”

It’s very true.

The trap we all fall into is an addiction to metrics, hey this one reinforces our success better or this is neat.

The question you need to ask is:

1. What are the objectives?
2. What is the one metric that shows progress and success? (look at per objective)
3. Ignore other metrics.

If this metric dictates your objective, focus on that, when you stop and review you can look at others, but do not let them distract you whilst your in the trenches.

Once you have this focus, you will notice as Drucker says “what gets measured gets managed” will drive your success.

Think about Newspapers, and actually read the content in them, it’s typically very low key and more press releases and quotes than actual editorial.  

They weren’t always this way.  Once their distribution was locked down, the game shifted from how can we maximise readership (through great content) to how can we maximise profits.

You see the same things with bands, how often do you hear so and so has sold out now the’re big.

Blogs are the new content medium, surely they’re not the same? Or are they?

Think of some of the more popular bloggers, once they hit a certain readership or tipping point they too appear to slack off.

Others don’t, some to take it as a good sign and work harder.

They’re in it for the long term.  

You see with blogging, once the distribution is set (through feedreaders / email subscriptions / syndication) the foundation is weaker.  It is easy for one single reader to drop off.  

You need to keep on your toes, keep active and use engagement or return visitors or attention time as a measure of success.

(and someone to give you a dead arm when you slack off)

That’s why you see such great content out there, for free, competition is fierce.