Have you got that ‘vision thing’?

I had read a post from the Marketing Headhunter not too long ago, about Assessing “the Vision Thing.” A great list of ‘interview questions’, I thought.

But I’m not going to be doing interviews. I know what I’m doing. I’m a tactical guy, not a vision guy anyway.

And I pressed on.

Later that week we had a visitor meet with us. “So why do your customers buy from you?” he asked.

Damn, I knew the answer isn’t supposed to be the salesman’s answer … but I felt it coming out of my mouth. “Well, we offer a competitive price & product”, then mumbled something about high quality.

Doh! How lame!

My brain went back to Harry’s post. How was I supposed to answer the question?

First I have to justify my dorky answer: In smaller B2B businesses like mine, your brand is the sum of everything you do. And those things happen organically to satisfy the customer. It’s like ants building a colony, not a lioness pouncing on prey. Price, product, & delivery are basic, but very important parts of what we do.

But Harry Joiner says the leaders he looks for need to have vision. If he is testing his candidates’ strategic literacy, this has to be a common problem:

“My point here is that there is a difference between doing the right things, and doing things right.  Candidates are expected to do things right.  Tight execution is simply the price of admission these days.

However, as we have all learned by watching Google, Microsoft, Disney, and Apple redefine and grow their businesses, the right people asking the right questions can have a much greater impact that just a few thousand dollars in recruiting fees.”

Go ahead and study some of these questions. It’ll make you better prepared when someone asks how your company prevails, or what your marketing really does. Here is a zinger from that list:

If you left your company today, how would you compete against it? I freaking love this question because most e-commerce candidates simply think in terms of just doing more, better, faster, and cheaper.  I’ve got news for them: Someone’s always going to do things better, faster, and cheaper.  How can you do things more intimately with your customer??

Who’s the publisher now?

I can’t say I can see the trends, but I can find the other people finding the trends… This great post (from Jan. 29) at Content Marketing Today, talks about the slow death of advertising/publishing trade-pub model, and the growth of grass-roots content-marketing by B2B manufacturers themselves.

“As Content Marketing Goes from Optional to Obligatory for Business, Penton Suffers and Miller Electric Shines

Penton’s shift to online only for Welding Design & Fabrication symbolizes the decline of traditional media. At the same time, Miller Electric shows just how powerful content marketing can be as a replacement for traditional publishing—even when publishers take their acts to the web.”

via Content Marketing Today » B2B Media Burning Bridges to Print While Business Marketers Deliver Outstanding Online Content.

Whammy! Essentially, Newt Barrett is saying the flimsier publishers get, the less value they have…increasing the potential value of creating your own content. The example of Miller’s videos is great, as it is more than white papers.

This is a great whammy at the end of the article, in case you didn’t get it:

“Smart Business are Becoming the B2B Media—No longer out of Choice But out of Necessity.”

I guess this is more mainstream-trendy as they’ve written a book on the subject. Maybe my lack of use of trade-pub advertising has left me out of the loop. But I’m paying attention now!

If it clicks like a blind mole … it must be click fraud

Penny-wise, pound-foolish. Sucker born every minute. Hindsight is 20/20. Whatever cliche you want to use, I shouldn’t have said yes.

Yep, a bargain ‘per click’ offer sucked me in from a low-performing, but reputable, B2B directory. At less than a quarter per click, I didn’t fear much. And for months I was right.

Who was this company? Somehow I feel it is too soon to say out loud. K*********h or  Z**b, both owned by R**d Publications.

In a nutshell

When the prepaid account was refilled for the second time (they sent me a notice that my credit card was being billed), I got curious, but didn’t investigate closely. Time passed and the account refilled just often enough for me not to pay attention.

Finally, a couple weeks ago, I received another notice and dived in. Their back-end let me look at stats of clicks and I saw activity pegging the $10 max for almost every day. And there was no way of knowing where in their ‘network’ my text-ad was showing.

We changed the settings on the listing to make it show less frequently. I also called their service line and talked to a knowledgeable guy who offered to streamline the account.

Knowledgeable guy never calls or emails back, so today I dive in again. I knew it was bad, but had to prove it to myself.

I called knowledgeable guy to close the account. Of course he asks why, and I tell him that I suspect click fraud. He is willing to ‘explain’ but also willing to just let me have my way. No show-down, good or bad.

The analysis

What was my evidence, besides a sudden jump in charges? Their reporting, while lacking sources, gives enough info to make my skin crawl with ickiness.

Prior to August, average clicks per day was 2. What I see now is that the account would go for a couple days with no clicks then get two or more in one day. Most likely a human doing their ’rounds’ and trying to stay under the radar. And a click-thru rate of 1-2%, while nominal, is still very high for contextual advertising.

August 6th, impressions and clicks start to jump. CTR hovers around 2% on average, although a few days it hits 10%. Cost per day is now $2.48 a day, versus $0.34 for July. Maybe they’ve expanded their network? Improved relevance? Or someone is starting to get greedy.

So it goes for months, increasing slightly even occasionally maxing out at the daily $10 amount.

Then someone got greedy!

December 23rd until we tweaked our settings, nearly every day was a $10 day.

I pulled my Google Analytics ‘visits’ report and laid it next to K**h’s report. Even in August I show six days where their clicks would have been 20% (and two 50%+) of my sites traffic. Analytics showed nothing, of course. That means bots were doing the dirty work and not triggering Google’s javascript.

Here’s the killer: The new year holiday weekend:

Day Clicks sent Total ‘visits’ per Analytics
1/1/2010 43 35
1/2/2010 46 53
1/3/2010 47 76

So they sent 136 visitors that weekend, when my whole site had a 164? I don’t think so!

The reality

So where were these clicks coming from? I took fragments of our text-ad and googled them. After clicking on the “repeat the search with the omitted results included” link that Google sometimes offers, I saw it was websites with *powerful* domain names such as furniturebestplus clothesbestresults blogfurniturezides , but each with multiple sub-domains. In all six pages of search results. These sites slickly morph their content based on the search text coming in, so I had to rely on Google’s cache to see my text-ad actually being displayed.

In the end it’s hard to tell if it was the publisher, or their network, that was at fault. Likely both. When talking to knowledgeable guy I told him I found my ad on ‘click farms’. He retorted “It depends what you mean by click farms, but if you mean parked domains, yes the ads can show there. Parked domains are pretty effective, actually.” Umyea, effective for them!

Constant vigilance

So, I didn’t lose a bunch of money, but I expect for the person(s) clicking, it is nice cha-ching! I could argue for it, but like most scams, it isn’t worth the effort.

And I had to swallow some humble pie to admit I made a bad choice. But I’ll feel better if my story helps someone out there. Someday soon I may add the real names and see what traffic the search-engines drive this way.

B2B SAAS puts pricing on website, salespeople gasp

Us industrial marketers have lots of logistical excuses reasons that we don’t post prices on our websites. I’ve made a valiant effort to discuss it here at B2Blog in the past. Software is a borderless, virtual product, so the bar is a bit lower. And if you are in a very new marketplace, there’s no legacy issues either. So maybe others didn’t notice this post by Steve Woods of Eloqua earlier this month Publicly Available Pricing: Theory and Practice:

“Last week we made the pricing for Eloqua’s software product packages public on our website for the first time: The starting prices range from $1450 to $10,000 per month, depending on the level selected. Just hearing this likely makes everyone who has ever been a field sales rep cringe. Won’t this blow up deals? What if an Enterprise buyer hears of an SMB buyer making a purchase at 1/10th the price? Won’t you be excluded from deals based on the price being seen as too high or too low?”

Yes, salespeople cringe–just read the comments on that posting.

People walk away from products they should really buy. But others bookmark the page and write up their proposal to their boss. Then they come back. And buy! Those that got away might have been too fickle or budget conscious anyway. Good job Eloqua!