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of 1 107 The Growth Playbooks

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The Growth Playbooks

Build Better Digital Products. Digital Intent is a creative technology studio helping companies build the right thing,

build it quickly, and get people using it. We're rocket fuel for your business.

DI gives clients nimble, cross-functional teams to take their businesses into the

future. DI engagements have included large multi-platform product launches for

Fortune 1000 companies, transforming mid-sized companies with new product

offerings, and helping startups find Product-Market fit. DI clients have acquired

millions of users, raised over $50 million in funding, and have had multiple exits.

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Product Design Beautiful, human-centered design

backed by customer insight.

Software Engineering Launch faster, iterate rapidly,

find product-market fit.

Growth Marketing Get more customers, build your

brand, achieve scale.

Members of the Inc. 5000 two years in a row.

Playbook 1: Introduction to Growth The Four Stages of Growth Work

Growth vs Marketing

Measuring Product-Market Fit

Figuring out a model & hypothesis for how your product grows

The Importance of Growth Process Before Tactics

Prioritizing What to Test

List of Growth Tactics

Test Lots of Ideas to Validate Your Hypothesis

Why Velocity Matters for Growth

The 80:20 Rule for Doubling Down

Playbook 2: Competitive Analysis Studying Competitors and Demand Proxies

Competitive Analysis Tools and Templates

Targeting & Personas

Content Mapping

Installing the Scraper and Extracting Data

Keyword Research

Playbook 3: SEO What is SEO?

Search Algorithms

Ranking Factors and On Page vs. Off Page SEO

Websites, Webpages, Root Domains and SEO Vocabulary

Search Analysis, Tools & Templates

Traffic Overview

Organic Positions

Organic Positions Competitors

Backlinks

Playbook 4: Inbound MarketingPrinciples and Values: Why Inbound?

Content Marketing vs. Inbound Marketing

Defining Your Goals

Defining your Audience

Establishing Social Media Profiles

Content Planning

Managing Freelance Writers

Establish a Visual Language

Distribution

Monitoring and Iterating

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Lead Nurturing

B2B vs B2B Content

Generating Leads with Content

Aligning Sales and Marketing Teams

Tools & Resources

Playbook 5: Paid PlacementsTypes of Advertising

Conversion Tracking

Google Keyword Selection

AdWords Alpha Beta Optimization

Facebook Campaigns

Facebook Targeting

Pinterest Campaign Types

Pinterest Exploratory Tests

Troubleshooting Campaigns

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Playbook One: Introduction to Growth Digital Intent helps companies build and grow new products.

As a result, we have responsibility across the entire product

lifecycle. That means identifying what a product should be,

making sure it’s built well, and then iterating on the product in

response to customer feedback to maximize its likelihood of

success.

The term “growth” is a relatively new one, and there are

numerous opinions about what it means. At it’s core, growth is

simply the confluence of marketing and product.

While it certainly involves plenty of work acquiring customers,

much of the work involves making the product itself better. A

better product means users stick around and tell their friends.

Origins and Justification for the Growth Team. Most people

would agree the idea of a growth team started at Facebook,

and the concept grew in popularity once Facebook publicized

how the team played a key role in helping the platform surpass

500M users.

While Facebook’s growth team could certainly be described

as technical, they also had backend and front-end engineers,

designers, data scientists, marketers, and more. They realized

that successfully growing involved product decisions as much

as marketing decisions. And executing across the whole

product required a diverse team.

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“The only essential thing is growth. Everything else we associate with startups follows from growth.”

Paul Graham

The 5 Levers of Growth.

While growth teams spend a lot of time growing businesses

using digital marketing, this is only one of five levers available

to drive growth. Dave McClure calls this AARRR:

1. Acquisition: users come to your site.

2. Activation: users sign up and have a good first experience.

3. Retention: users keep coming back.

4. Referral: users tell their friends.

5. Revenue: users are monetized.

While you’ll spend plenty of time experimenting with the best

ways to acquire customers in channels with scalability and

great unit economics, it’s too narrow a view on all the ways to

drive growth. And if it’s the only lever you’re pulling on, there’s

probably a lot being left on the table.

At DI, we encourage our clients to constantly be thinking

about these 5 levers. Every product decision should be made

with these in mind, and they should always be evaluating their

efficacy with each lever.

The Four Stages of Growth

While growth teams might describe their process in different

ways, they all generally follow a four step pattern:

1. Create a product people want (Product-Market Fit).

2. Hypothesize models for growth.

3. Test ideas to validate your hypothesis.

4. Double down on successful tests. Rinse and repeat.

While steps 2-4 are where the bulk of the “growth” happens,

none of them can start until step 1 has been achieved. If your

product or service is fundamentally flawed, incorporating

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growth tactics won’t make enough of a difference to turn

failure into success. The best growth hack is a great product.

Often a growth team is stood up after the product has been in

the market for a while. The assumption is they can start at

step 2, because “obviously” the product has achieved product-

market fit. But this is often not the case. It’s usually wise to at

least validate step 1 is true before moving to step 2.

Create a product people want.

As Paul Graham notes, in order for a company to grow really

big, it must do two things:

1. Make something enough people want.

2. Reach and serve all those people.

As many as 95% of new products introduced fail. The number

one reason for failure is the inability to make something

enough people want. This is often called “Product-market fit”.

Product-market fit represents the first step of Sean Ellis’ new

product pyramid. A solid foundation here is essential before

progressing up the pyramid and achieving any sort of scale.

It’s worth saying again—most new products fail, and the

overwhelming reason for failure is not making something enough people want.

In an autopsy of 130+ startups, their reasons for failure were

things like “Lack of funding, no buyers”, “Premature scaling,”

“No market”, and “Not something people wanted.” These all

boil down to not making something enough people want.

The Dangers of Premature Scaling. A couple visuals might help explain why premature scaling is

such a problem. The chart to the right is for a startup we

worked with. They were showing a 21% compound monthly

growth rate, which sounds pretty impressive.

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“The best growth hack is a great product.”

Kyle Wild

But, for every user they were gaining, they were losing

almost the same amount. People weren’t sticking around. So

while they were able to show an impressive rate of growth,

they would only be able to sustain that pace if they continued

to acquire an ever-increasing number of users.

Another way to visualize this is to look at cohorts (a group of

users acquired at a particular time). Each color band

represents a group of users acquired over a month, and the x-

axis represents the % that continues to be active X weeks

later. As you can see, they shrink over time to basically zero.

Early on, things look great. The startup thinks they have a nice

chart going up for several months. But they’re going up

because they identified a channel that works cost effectively

and have scaled it. Not because people are sticking around.

Eventually they reach a point where they can’t acquire enough

users to keep the chart looking pretty. It tips over.

Compare that to the chart below. In this case you’re still losing

users (hard not to.) But it levels off - there is a group of users

who stick around from each cohort. As a result, the bands

build on each other. This isn’t a rocket ship, but it’s a

sustainable business.

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When you’re in it day after day, slogging it out so desperately

wanting to make it, it’s easy to lose sight of this true north.

But unless you can reach Product-Market Fit, eventually

you’re toast.

Measuring Product-Market Fit How do you know when you’re there? While this term is

admittedly fuzzy, severals methods have been identified for

measuring Product-Market Fit:

• Sean Ellis’ 40% test. One simple method involves asking

your customers the question “how would you feel if you

could no longer use this product?” If at least 40% of them

say “very disappointed”, odds are you’re on the right track.

It’s recommended you apply this survey in your product’s

earliest days. The disadvantage to this test is that it’s still

somewhat arbitrary because (a) it only provides a

snapshot in time and (b) people often say and do

differently.

• The Social Capital + Diligence Framework. While more

complex, this five-part approach provides far more

certainty and clarity when it comes to assessing product-

market fit and quantifying traction. We believe this

framework is one of the most honest ways to hold

ourselves accountable to progress. The biggest

disadvantage is the level of effort involved in being able to

implement and extract the analytics required. The series breaks measurement out into five areas:

1. Accounting for user growth

2. Accounting for revenue growth

3. Empirically observed cohort lifetime value

(revenue)

4. Empirically observed cohort lifetime value

(engagement)

5. Depth of engagement and quality of revenue.

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“Product/Market Fit is when people who know they want your product are happy with what you’re offering. Don’t focus on distribution until you get this right.”

Andrew Chen

Hypothesize models for growth.

With Product-Market Fit achieved, attention can now turn to

identifying models for growth. While there can be

One of the biggest misconceptions when it comes to growing

new products is that it’s about tactics. But process is king.

Brian Balfour makes the argument for process quite clear:

Growth is the sum of a lot of moving parts.

There is no single tactic that will make you successful. It’s a

result of keeping understanding your customer funnel and

each of the five levers that make up AARRR, running lots of

tests at each lever, and monitoring the effectiveness both on

the lever you’re testing and it’s impact on the rest of the

funnel.

For example, you might find a channel that can provide super

cheap users at scale. But the quality of those users might be

poor - they don’t stick around or turn into paying customers.

Without knowing how that acquisition test impacts the rest of

your model, you’ll waste considerable time.

Rate of change (in channels) is accelerating: While most startups find 1 or 2 channels drive the bulk of

their acquisition, it’s critical to understand that these channels

have shelf lives. Tactics become outdated extremely quickly, as

users become blind to them at the same time more

advertisers jump in. You need a process that can continually

adapt your tactics to the changing environment.

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WOM

EMAIL

FACEBOOK

iOS

ANDROID

What works for one product, likely won’t work for others: While it’s great to read about what other companies have

done to be successful, you must always keep in mind that they

were selling a different product to a different customer at a

different time. Take everything you read as inspiration, not

prescription.

Prioritizing What to Test

So what does a good process look like? Again we’re in debt to

Sean Ellis, who outlines the following four step process for

growth teams (for more info on the process for figuring out

what to test, watch Sean's video.)

1. Unbridled ideation: Ideas are everywhere - articles,

discussions with your team, and above all from your

customers themselves. It’s important to get all of the ideas

out on the table.

2. Prioritize backlog: We use ICE (Impact, Confidence,

Ease) scoring to determine what to work on first. Impact

means, “If the test pays off, how much will it contribute to

growth?” Confidence means, “What’s the probability of

the test paying off?” Ease means, “When it comes down to

implementation, what’s the resource requirement?” We

rate each question on a scale of 1 to 10.

3. Launch tests: Launching tests is a regular, weekly

occurrence and the backlog prioritization informs your

weekly test queue.

4. Capture learnings: Every test leads to learning.

Documenting these learnings is critical to scaling growth

operations. Team members need an easy, effective way to

knowledge share and also reference previous test

outcomes to better inform future hypotheses.

How to Track Your Experiments. Growthhackers.com

Projects is a new, but very useful tool for growth teams. The

software was designed to specifically facilitate growth

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process, and is the perfect utility when applying the above

four pillars on a regular basis.

List of Growth Tactics While leading with process and using the above methodology

for coming up with, prioritizing, deploying and capturing

learning for tests is a best practice, below is a common list of

growth tactics that we might employ.

Tactics Related to Acquisition

• Persona Analysis & Testing

• Search Engine Marketing

• Retargeting

• Social & Display Advertising

• Search Engine Optimization

• Engineering as Marketing

• Affiliate Program

• Existing Platforms

• Community Building

• Viral Marketing

• App Store Optimization

• Content Marketing & Blogging

• Blog Targeting and Guest Posting

• Forum Marketing

• Email Marketing

• Engineering as Marketing

• Affiliate Program

• Existing Platforms

• Community Building

• Viral Marketing

• Unconventional PR

• ‘Like’ & ‘Follow’ Bots

• Offline Ads

• Trade Shows

• Offline Events

• Speaking Engagements

Tactics Related to Activation

• User Testing

• Price Testing

• A/B & Multivariate Testing

• Short-Form Video Testing

• Incentive to Activate Testing

• Customer Case Studies Testing

• Exit Intent Testing

• Modal & Hello Bar Testing

• Landing Page Optimization

• Product Onboarding Optimization

• Email Onboarding

• Lead Nurturing Optimization

• Calls-to-Action Experiments

• Conversion Centered Design Audits

• Site Performance Audits

• Mobile Performance Audits

• Heat & Scroll Map Analysis

• User Feedback Pareto Analysis

• Customer Support Automation

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Tactics Related to Retention

• Cohort Analysis

• Growth Accounting Analysis

• Aha! Moment User Research & Testing

• Email Drip Campaign

• Content Marketing

• Contests

• Customer Support Optimization

• Exit Surveys & User Feedback Pareto

Analysis

• Feature Usage Pareto Analysis

• Feature Elimination Testing

• Push Notification Testing

• Remarketing

• Gamification

• Loyalty Programs

Tactics Related to Referral

• Referral Program Industry Audits

• One-Way In-App Referral Testing

• Two-Way In-App Referral Testing

• Referral Link Personalization

• Site & Product Share-ability Audits

• Referral Point Testing

Tactics Related to Revenue

• Discount Testing for Conversion

• Promotion Testing for Conversion

• Time-based Offers & Countdowns

• Pricing Simplification Testing (to Mitigate Friction)

• Email Drip Campaigns

• CEO/Founder Personalized Email

• Van Westendorp`s Price Sensitivity Testing

Weekly Growth Meeting Agenda A weekly meeting cadence for the growth team is key to

ensuring you’re mastering the habits and process above.

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The purpose of the meeting is to sustain velocity and capture

learnings. We recommend the following growth meeting

agenda:

• 15 minutes: KPI review & update focus area

• 10 minutes: Review last week’s testing sprint

• 15 minutes: Key lessons learned from analyzed tests

• 15 minutes: Select tests for this week’s sprint

• 5 minutes: Check growth of idea backlog

Test ideas to validate your hypothesis.

Velocity matters. Time is of the essence and realizing a path

to growth quickly is the goal. Because most of your tests are

going to fail, it’s imperative to move quickly to find winners

you can exploit. The company that tests more rapidly will find

more winners, leading to more incremental growth, which

over time becomes the difference between success of failure.

More tests run also means more learning, and more learning

leads to more thoughtful tests.

More thoughtful tests mean more precise ICE scores, more

informed hypothesis and better execution. More tests mean

the team’s getting more practice. All of these things combined

lead to more thoughtful tests and to a better success rate.

Great growth teams look boring. A growth team is about

creating a culture of discipline. From continuously coming up

with test ideas, to prioritizing those tests, to shipping them

into the world, to documenting and discussing those learnings,

to folding those learnings into what to do next, the cycle is

most effective when repeated.

This is also why creating great habits around growth process

and having a weekly meeting cadence is so crucial: it’s the best

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Growth = Number of Tests Run x Testing Success Rate x Impact

way to guarantee regular testing. And when you test weekly,

tests compound quickly, thus benefitting both inputs in the

above equation.

If you remain vigilant about repeating the process vs. chasing

all of the shiny, luring ideas that come with creating new

products, you’ll find winners much faster.

Testing: A Cautionary Tale. Statistical testing for new

products, whether A/B or multivariate, gets a lot of attention

and has been widely adopted because it’s an effective tool for

growth. Still, it’s important to study the basic statistics and

understand the common, and sometimes detrimental,

mistakes made when engaging in statistical testing. Here’s a

few of our favorite reads on the matter:

• Most Winning A/B Test Results are Illusionary

• How Optimizely (Almost) Got Me Fired

• How Not To Run An A/B Test

• Evan’s Awesome A/B Tools

Double down on successful tests. Rinse and

repeat.

A common mistake at the acquisition level is finding

something that works, and then trying to replicate this

success elsewhere vs. doubling down on the hypothesis

you’ve just validated.

Peter Thiel, co-founder of Paypal, hits on this common mistake

saying this:

[You] probably won’t have a bunch of equally good distribution strategies. Engineers frequently fall victim to this because they do

not understand distribution. Since they don’t know what works,

and haven’t thought about it, they try some sales, BD, advertising,

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and viral marketing — everything but the kitchen sink. That is a really bad idea. It is very likely that one channel is optimal.

Traction is one of our favorite books on growth and it too

emphasizes the importance of rapid testing and doubling

down on what works. The book outlines 19 channels you can

use to get traction, and with each channel, there are case

studies of companies who mastered the art of doubling down.

The one commonality among all the high growth companies

profiled in Traction is that they found something that worked,

and then explored it further—they ran more tests in this

direction, and continued to reap benefits.

As a general rule, we devote 80% of our time to doubling-down. We devote the other 20% to validating our next key growth hypothesis given the rapid rate of change in platforms,

technology, consumer behavior and preferences.

When you find something that works, celebrate, and then

commit to making it work even better. Let it also create a

sense of urgency around realizing its effectiveness isn’t

permanent.

Conclusion Growth isn’t sexy. Most days are a humbling slog. But if you

stay the course, realizing sustainable growth is about mastering stages, process, velocity and persistence, greener

pastures are sure to come.

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Playbook Two: Competitive Analysis

Studying competitors and demand proxies

One of the smartest ways to figure out a model and

hypothesis for how your product grows as quickly and cost-

effectively as possible is to study competitors and proxy

demand via third-party tools. In addition to third-party tools,

we’ve created a handful of corresponding scrapers and

templates to ensure such activities lead to rich insights for

developing your growth hypothesis.

Competitive Analysis Tools & Templates. One of the

smartest ways to figure out a model and hypothesis for how

your product grows as quickly and cost-effectively as possible

is to study competitors and proxy demand via third-party

tools. In addition to third-party tools, we’ve created a handful

of corresponding scrapers and templates to ensure such

activities lead to rich insights for developing your growth

hypothesis.

Download the competitive analysis template.

• Web and app product links: To start, determine whether a

competitor has both a web and native app presence. A quick

Google search on company name should be enough. If

you’re only finding a website via the search engine results

page (SERP), be sure to check the actual site for links to the

Google Play and App Stores to see if a native app also exists.

• Company history: In order to better make sense of growth

trends, value propositions and virtually all sections of this

template, use the company “About Us” pages, Wikipedia,

AngelList, CrunchBase and Search Operators for greater

context. One great way to figure out a viable growth

hypothesis sooner is to understand what’s worked, what

hasn’t and “the why” for competitors. Some of our favorite

search operators for better understanding the competitive

landscape include:

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- site:[competitordomain.com] [competitor name]: This search

brings back all mentions of the competitor’s name, but

excludes the competitor’s domain itself; this is one of the

easiest ways to find press around the competitor.

Additionally, setting up Google Alerts is a nice automated

way to keep a pulse on “competitor mentions in the news”

as you continue work on your product.

- related:[competitordomain.com]: This search brings back

sites related to the competitor to fully exhaust the

competitive landscape.

• Value proposition: Value proposition is an explanation of

the problem a product solves as well as their

corresponding solution. It sheds light on how competitors,

as well as outsiders, such as press, describe an offering. In

order to gain insight into competitor value propositions,

consider the following elements:

- Homepage title tag: Title tags define the title of a

document and are often used on SERPs to display

preview snippets for a given page; they’re important

both for SEO and social sharing. Title tags also display via

the web page tabs, themselves, when opened in your

browser. Considering title tags are commonly thought of

as an all-encompassing way to describe the contents of a

particular web page, it often says a lot about how a

competitor thinks about their product’s value.

- Homepage main headings (i.e. H1): While not as commonly

displayed in search engines and not displayed via web

page tabs (but also very important to SEO), a quick

browser search of view-source:[competitordomain.com], and then a Find command (Command-F for Mac and Ctrl-

F for Windows) for “<H1>” will display what webmasters

have entered as their most prominent heading, which in

theory, like the title tag, doubles as an all-encompassing

way to describe the contents of a particular web page.

Both title tags and H1s are part of HTML, the markup

language used for creating web pages. It’s worth noting

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that some pages will have multiple H1s due to poor

coding practices. If this is the case, it’s probably best to

ignore their contents. To learn to code HTML and CSS,

which comprise the majority of front-end web design and

development, this is by far the best free guide available.

- Homepage meta descriptions: Meta descriptions are an

HTML element that describe your page to search

engines. It’s the roughly 155 characters that show up in

your SERP listing immediately below your title tag. You

can think of a title tag paired with a meta description as a

product’s search engine “billboard.” It’s a great way to

entice click-through-rates (CTRs) and sell your product

pre-click. Like the title tag and H1, meta descriptions are

entirely within the site owner’s control, and so it

generally sheds light on how competitor’s think about

the value they’re creating. Also just like a page’s title and

headings, meta descriptions are easily searchable via the

view-source:[competitorname.com] command. Go here to

understand what you’re looking for within the view-

source command.

- Homepage “above fold” copy: “Above the fold” is just a way

of describing the portion of a page visible on a device

without having to scroll. Generally, this is the most

precious real-estate provided it’s what the user sees

immediately post-click. Since it’s a user’s first impression,

it’s often where site owners insert their most valuable

content.

- Modal copy: Though annoying, when used with a keen

understanding of conversion centered design best

practices, popups are often effective. In fact, there’s

whole GitHubs and SaaS products devoted to the tactic.

A modal is often a crucial component in getting someone

to complete a call-to-action (CTA), and since it’s often

used as a closer, any decent product’s modal is filled with

copy to consider. While you can’t be sure how well-

tested and proven this copy is, modals are for closing.

And copy for closing is always worth noting.

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- App page titles and descriptions: Just like websites and

web applications, native apps all have their reserved app

pages within Google Play and the App Store (assuming

you’ve developed a native offering for both). For similar

reasons to homepage titles, headings and descriptions,

jotting down app page titles and descriptions are a great

“tell” for understanding how competitors think about the

problem they’re solving as well as their corresponding

solution.

- Press descriptions and anchor text: After employing the

“related” search operator above and selecting results

that appear to be news-related, consider how the author

describes the company’s product. Product owners are

inherently biased towards their offering, often making it

out to be more grandiose and aspirational. In contrast,

third parties tend to describe a product’s value more

explicitly and directly.

- It’s also worth noting that anchor text (the visible,

clickable text in a link to a product’s page) within news

articles sometimes disclose how outsiders perceive the

offering. While the anchor text might just be the brand

name itself, it’s not uncommon for it to also include a

brief description of the product. MOZ’s Open Site

Explorer (OSE), specifically its Anchor Text report, is a

great way to see an aggregate of the entire makeup of

anchor text pointing to a domain. More on MOZ’s

research tools like OSE later on.

• How it works: The “how it works” section or page of any

website is a more granular description of the value

proposition detailing the product’s actual mechanics.

You’ll find it in a combination of places, from the home

page and app page’s descriptions, to pages reserved

specifically for “How it works.” Often there are lots of

assumptions made about a new product’s business model,

and the how it works might provide insight into different

ways of monetization within the space.

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• Audience snapshot: If you remember back to the “Intro

to Growth” playbook, there are two things that must

happen for new products to grow big: (a) Make something

enough people want (b) Reach and serve all those people.

Both tie directly back to the idea of having a keen

understanding of your user. This is why people building

products for themselves have an immense advantage. For

now, just jot down your audience hypothesis based on all

you’ve learned so far. Given this topic’s importance for

growth, we’ve reserved a full section for audience

targeting below.

• Growth trends: While the Mattermark Mindshare Score

is comprised of multiple vanity metrics, sometimes such

metrics correlate with more important metrics such as

active users and monthly reoccurring revenue—and keep

in mind, your competitive analysis template accounts for

many considerations. So long as the Mindshare Score is

used in conjunction with these other considerations, and

it’s simply used for trend/directional purposes, it’s a nice

way to gain insight into who is garnering momentum or

perhaps falling behind in your product’s space.

• Web analytics: From Alexa, to SimilarWeb, to Compete,

to many others, there’s a plethora of services claiming to

be “Your complete web analytics toolkit”, many of which

also offer free trials. While you might find one more

relevant, Alexa is by far the largest, but much of their

offerings require a paid subscription. SimilarWeb,

however, discloses more for free. Visits, time on site, page

views, bounce rate and traffic sources (share) are

important to note.

• App analytics: What the above tools are for web, App

Annie is for mobile apps. Average rating, number of

ratings, number of versions, category and rank history are

important metrics to compare among competitors.

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• Swipe file: In order to extract as much value as possible

from this template, all of the above components should be

used as your product’s swipe file in the future. From

messaging and creative for landing pages, ads, app

descriptions, social content and much more, it’s always a

great idea to drop screen caps in this document as you see

fit. Don’t let this work be in vain and create a habit of

referencing the information down the road as you begin to

test your own growth levers.

Targeting & Personas

If (a) making something enough people want and (b) reaching

and serving all those people is the key to unlocking growth,

having a comprehensive understanding of your competitor’s

audience is a great way to build early momentum. Since we’ll

discuss how to use keyword research to better profile a

competitor’s audience below, we’ll focus this section on

leveraging social media, specifically Facebook, to do the same.

Facebook Graph Search Queries. This giant list of Facebook

Graph search queries and the Facebook search bar is where

we start for piecing together the most relevant audience for a

given product. It gives us a way to quickly build the bones of

probable user personas. The “Discovering What People Like”

is our go-to section, and some top queries include:

• favorite interests of people who like x

• pages liked by people who like x

• pages liked by people who live in x-city/state

• fans of x and x

Facebook Audience Insights. Facebook Audience Insights

marks our next progression for learning more about the

people that matter to your product. From collecting info about

geography, demographics, or purchase behavior, it’s an

excellent tool for figuring out who to target. We recommend

reading this Facebook Audience Insights Guide from Hubspot

before getting started.

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Facebook search queries combined with Audience Insights

often yield the targeting persona(s) we present to clients.

Here’s how we’d use them together:

1. In a perfect world, the competitors we’re hoping to look

up would pop up as their name is typed into the Interest field in Audience Insights, but for small-to-medium sized

brands, this often isn’t the case. So instead, we use the

“pages liked by people who like x” search command in the

Facebook search bar to find all relevant pages liked by

people who also like the competitor’s product.

2. Let’s say then this command returns a dozen pages. We’d

then add all twelve of these pages to the Audience

Insights Interest field.

3. Together, steps one and two tell us the following about the

audience: (a) Demographics (b) Page Likes (c) Location (d)

Facebook Activity (e) Device Share (f) Household

Attributes (g) Purchase Behavior.

While nailing down a persona is step one, this info is also very

helpful for developing your queue of Facebook ad targeting

tests (assuming you’ll test FB ads). For a general Facebook ad

targeting overview, check out Jon Loomer’s 13 Audiences to

Target Using Facebook Ads.

User Sentiment. What users are saying about competitive

products will give you a great sense of the market’s strengths

and weaknesses, and perhaps how you can differentiate.

When thinking about sentiment, reviews are your foundation.

For web products, here’s 19 online review sites for collecting

business & product reviews—there’s a good chance one or

many of these sites will contain reviews for a given web

product.

If, however, your competitors are largely native mobile apps,

App Annie’s “Review” tab in the left-hand pane (after you

search for the app) is a one-stop shop for understanding user

sentiment. If the most recent version of the app only has a

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handful of reviews, select the “all versions” filter on the

Review tab. While the most recent reviews are generally most

relevant, select a date range that yields at least 50 reviews.

One hundred or 200 is even better if the app has enough

popularity.

Scroll to the bottom of the page once you’ve set your filters

and select the “Show rows” drop-down as “200” (or whatever

the largest number is). This way when you download the CSV,

it exports as many rows of reviews as possible.

Export the CSV, combine the “Title” and “Review” columns

using Excel’s “combine text from two or more cells” function

and then copy the data in this newly formed column.

Aggregating and analyzing user sentiment. The goal for

both web and mobile products is to find enough reviews that it

makes sense to aggregate the data using a sentiment analysis

tool. While other more robust analyzers are available, we

prefer this sentiment analyzer provided it can process up to

1M characters and it’s free to use. The tool aggregates all

reviews and calculates both sentiment and confidence per

review, as well as sentiment and confidence per word. The

product’s overall score is then given on a scale of -100 to 100

with an algorithm confidence between 0-100. A score of -100

indicates a very negative tone and +100 indicates a very

positive one.

This particular analyzer also displays word frequency, to

better understand the most frequent language used when

describing the offering. As far as we know, the tool’s main

shortcoming is its inability to understand phrases vs.

individual words, as well as the false positives and/or

negatives that might come with it. Even still, the tool does an

impressive job at allowing one to trend user sentiment across

numerous competitive products at no cost.

Content Mapping

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Looking at competitors is a great way to figure out what

content already resonates with your target audience (not to

mention dayparting analysis). That’s not to say there isn’t

plenty of room for creativity and new opportunities that

resonate with your audience, but it definitely allows for a

head-start.

We built and use two scrapers in order to extract content

posted on Facebook and Twitter ( Here’s a great resource for

learning more about web scraping).

For instructions on getting the necessary API keys to enable

the social scrapers and files for download, visit the link directly

below:

Installing the Scraper and Extracting the Data

The scrapers comprise the foundation for this section’s

templates. For simplicity, we’ll focus on Facebook, but a very

similar analysis can be replicated using the Twitter scraper if it

looks like the market has quite a bit of presence and activity

on the platform. As new social media platforms arise and

achieve scale, adapting this style of analysis to these new

channels should be top-of-mind.

COMPETITIVE ANALYSIS SHEET TEMPLATE

*Be sure to create a copy of this template and not use the original

Here’s the top questions we use the scraper data to

answer: 1. What content yields the most engagement?

2. What type of content (i.e. link, photo, video, etc.) is most

prevalent and performs best?

3. How does post engagement trend over time?

4. What days of week and times of day are best/worst for

post engagement?

In order to answer all four of these content mapping

questions, there’s a second template to leverage. This

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template will also be used for all remaining sections of

competitive analysis.

Transferring the Scraper Data to the Competitive Analysis

Sheet Template

• Open up the Facebook scape CSV per competitor and do

a Find/Replace on “+000” in the “status_published”

column.

• Next, copy/paste the Facebook scrape CSV data in

columns “A” through “K” into columns “A” through “K” of

the “FB Scrape Raw Data” tab of the “Competitive Analysis

Sheet Template” (screen cap below). The below bullets all

pertain to the blue highlighted columns in the “FB Scrape

Raw Data”.

• While they should all auto-populate, info below on the

calculations in blue.

− Column L: per post month and year published

− Column M: per post day of week published

− Column N: per post hour published

− Column O: per post total number of engagements

(sums likes, comments and shares)

− Column P: cumulative share of engagement to show

the cumulative distribution function (CDF) of all

engagements (Use this style of formula)

− Column Q: cumulative share of posts to show the

cumulative distribution function (CDF) of all posts—

unlike the cum_share_engagements, this curve will be

linear

Lastly, before we dive into the specific questions, being able to

use pivot tables will be critical to many structured data

analyses. We’d recommend running through this pivot table

training video for getting started. Here’s another great

resource for learning pivot tables.

What content yields the most engagement? The table

within the “Top Content” tab of the “Competitive Analysis

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Sheet” template yields insights that show not all posts are

equal, for example:

− The top 20% of posts, defined by summed engagement,

comprise 53% of engagement respectively.

− Given this insight, we’d be interested in how this content

differs from the total set.

Using this Word Cloud Generator, or Word Frequency

Counter, or both, and copy/pasting the “status_message”

column from the “FB Scrape Raw Data” tab is a great way to

figure out how top content differs from the rest of the pack.

View the “Top Content” tab for potential ways to use these

tools for such analysis.

Also, don’t be above manually browsing each post’s

“status_message” and “status_link” to more thoroughly assess

messaging and visual differences in top vs. all content shared.

We always tend to do this to gain further clarity around the

top types of content. We’d use this manual curation to then

support the example graphs, tables and images in the “Top

Content” tab.

The “Top Content” tab best captures our initial findings on

“what content yields the most engagement?”

What types of content (i.e. link, photo, video, etc.) are most

prevalent and perform best? Creating a pivot table, with the

“Rows” dimension as “status_type”, and the “Values” dimension

as “Count of num_engagements”, “Sum of num_engagements”

and “Average of num_engagements”, you’ll get the outputs in

the “Top Content (Type)” tab. See the “Pivot Table” tab for how

we get to the outputs in “Top Content (Type).”

Using a pivot table to evaluate content performance, we’re

often able to further confirm insights derived in the previous

section. For example, in this data set, the Word Frequency

data in the “Top Content” tab suggests while video posts and

words like “watch” and “YouTube” are prevalent when looking

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at all content, they’re not found within the top 20% of content.

Sure enough, when you consider average engagement by type,

video is the lowest performing out of video, photo, link and

status.

The big question to consider here is the following: Is the

average engagement by type reflected in the type of post’s

frequency? In other words, if photo has nearly 2X the average

engagement of all types of posts, is it also being used the most

often? If not, that’s likely low hanging fruit to juice

engagement.

In this data set example, further analysis could be done on

photo content, specifically, provided it very clearly

outperforms the other types. What photo imagery is used and

how has it changed over time? More on this type of question

in the following section. If you revisit the initial “FB Scrape

Raw Data” tab, column F (“status_link”) provides direct links to

the content that was posted via Facebook to speed up a more

granular analysis here.

How does post engagement trend over time?

Creating a pivot table, with the “Rows” dimension as

“status_published_month_year”, and the “Values” dimension as

“Count of num_engagements” and “Average of

num_engagements”, you’ll get the outputs in the “Post Trends”

tab.

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0%

20%

40%

60%

80%

100%

0

60

120

180

240

300

Depth&of&Engagement&per&Post

num_engagements cum_share_engagement cum_share_posts

This style of graph is the same as the one shown in the “Top

Content” tab—it’s one of our favorite types of combination

charts provided you can leverage a primary and secondary

axis, and thus trend two separate metrics to paint a fuller

picture. While the bars correspond to the primary axis, the

line chart runs off the secondary axis. Here’s an overview how

to create such a chart.

Not only does a graph like this do a nice job of showing post

frequency over time, it also shows post effectiveness (i.e.

average engagements per post). Some interesting questions

the chart addresses:

− Is the product’s social owner posting more or less over

time? Is there post-seasonality perhaps?

− Does post effectiveness correlate at all to post frequency?

− Which months lend themselves to top and lowest post

effectiveness? If we go back and do analysis on these months

specifically, how does this content differ from other months

Depending on the amount of time available and the trends

you’re seeing, you may even consider this same style of

analysis broken out by content type as well. In other words,

instead of considering total posts and average engagement

per month, breaking this out by photo, link, status and video

could tell a far more holistic story.

When analyzing at this level of granularity, it’s extra important

to pay attention to same size. If sample size of posts per

month is less than double digits, it’s tough to feel great about

the insights, knowing one anomaly can have a great effect on

average engagement.

What day of week and times of day are best/worst for post

engagement?

Creating a pivot table similar to the previous section, but with

the “Rows” dimension as “status_published_doy”, and then in a

second pivot table as “status_published_hour”—and holding

the “Values” dimension constant as “Count of

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num_engagements” and “Average of num_engagements”—

you’ll get the outputs in the “Post Trends (Dayparting)” tab.

The graph explanation is the same as the “Post Trends” tab

graph. Only here, we’re not looking at total posts and average

engagement per month, it’s per day and then per hour.

Some sample questions we’d try to answer:

− Which days of week and hours lend themselves to top and

lowest post effectiveness?

− When is engagement high despite low post frequency

(assuming sample still holds)? How does this content compare

to the rest of content posted? If the same, perhaps it’s just a

great day or time of day to post that’s underutilized.

Keyword Research According to MOZ, keyword research is about understanding

a specific keyword’s (or phrase) demand to better learn which

terms to target and learn more about your customers as a

whole.

As Copyblogger points out, however, keyword research isn’t

just about SEO (or even paid search campaigns). At its

essence, it’s market research–”It tells you what people are

interested in, and in what relative numbers”, and “it reveals the

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20

40

60

80

100

120

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2

4

6

8

10

12

14

16

18

20

Post%Engagement%Trend% Over%Time

actual language people are using when they think about those

topics, which provides you with insight on how to converse

with them via your blog.” So while we definitely care about

keyword research to nail SEO and paid search, that’s a limited

view of the topic’s importance.

When researching what keywords are most relevant to your

product, there’s three things to consider per keyword:

1. Keyword Intent: someone searching “Men’s Nike running

shoes” is far more valuable to an online running business

than someone searching “shoes” (Learn more about

keyword intent—also read about keyword long-tail, a

similar topic to keyword intent)

2. Keyword Demand: the count of monthly searches per

keyword in a given geography (Learn more about keyword

demand and the Google Keyword Tool)

3. Keyword Difficulty (Competitiveness): provided level of intent and demand are there, how difficult is it to rank for a

given keyword, or how expensive is it to advertise on?

(Learn more about keyword difficulty and MOZ’s tool)

SpyFu and SEMRush are the tools we favor when it comes

to understanding a competitor’s product’s most profitable

keywords and ads. We’ll be using SEMRush for the

analysis in the associated template that’s also discussed

below. Absolutely read through SpyFu’s tutorials and

videos, as well as SEMRush’s glossary, manual and video

tutorials.

The “Keywords (Organic)” tab illustrates how we’d evaluate

top keywords on (a) level of intent (b) demand and (c)

difficulty. You can get this table’s exact output by going to

SEMRush, logging in, entering in the specific domain you’re

aiming to get keyword information on and exporting the “top

organic keywords section” to a CSV. Then, just copy/paste the

first seven columns:

• Keyword

• Position

• Search volume

• CPC

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• Competition

• Traffic (%)

• Traffic Cost (%)

To learn more about these definitions, Google them or ask a

team member.

To keep things reasonable, we just copy/pasted the first 100

rows. If something looks interesting though, and you feel like

you need a larger set, copy/paste more. The three last columns

are CDF and keyword difficulty calculations around the top

100 keywords. If you’re just “copy/pasting as values” per the

first seven columns, these last three columns should

automatically populate.

The reason the CDF columns might not total 100% is b/c

we’re only considering 100 rows; if there’s more keywords in

the initial CSV, then it’s not going to be comprehensive. Still,

it’s plenty to extract the early keyword insights we set out to

find.

The “Keyword Demand | Traffic & Traffic Cost CDF” Graph

This graph shows the estimated search volume per the top 50

keywords (you could look at for more or less, but to start, this

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Keyword(Demand(|(Traffic(&(Traffic(Cost(CDF

Search.Volume Traffic.CDF.(%) Traffic.Cost.CDF.(%)

is a nice balance of showing many keywords while still being

readable) as bars on the primary axis.

The secondary axis looks at the CDF of traffic and traffic cost.

In other words, as you move left-to-right on the bars, what’s

the cumulative amount of traffic and the estimated cost of this

traffic (if one were to pay for it)? You’ll notice the table is

sorted by the “Traffic (%)” column. When constructing a CDF

(or multiple), you’ll always want to sort the primary CDF

column “Largest to Smallest” to see the most helpful curve.

A chart like this is great for addressing such questions:

− What keywords are driving the majority of organic traffic?

− What keywords have the highest search volume and thus

should be the first place to consider long-tail opportunities (If

you’ve already read the long-tail link above, Übersuggest is an

excellent tool to help generate long-tail opportunities)?

− What keywords provide the most bang for one’s buck? i.e.

Where is the Traffic CDF outpacing the Traffic Cost CDF?

The “Keyword Difficulty | Traffic CDF” Graph

This graph shows a homemade proxy for keyword difficulty,

estimated CPC multiplied by competitiveness

(competitiveness being on a scale of 0-1), as bars on the

primary axis. Again here, the secondary axis looks at the CDF

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Keyword(Difficulty(|(Traffic(CDF

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of traffic so we can contrast cumulative traffic against our bar

metrics assessing difficulty.

A chart like this is great for addressing such questions:

− How big and effective is the brand name itself? i.e. Branded

keywords will always have less keyword difficulty than non-

branded (b/c most marketers aren’t or wouldn’t get away with

bidding on other brands’ branded keywords, thus there’s less

competition)—despite this low competitiveness what’s the

keyword volume (you’ll have to reference the previous graph

here)? The bigger the spread in competitiveness and keyword

volume per branded keyword, the more likely it’s becoming or

is a household name.

− Of top keywords driving the most traffic, which ones are

going to be the most and least difficult to compete on as a

competitor? Low bars are good, meaning the combination of

keyword cost and competitiveness are low for the amount of

traffic they’re contributing.

Optional: The “Keyword Intent | Traffic CDF” Graph If you had the time, consider a third chart that looks just like

the previous. The only difference here is that instead of

highlighting keyword difficulty as your bars on the primary axis,

you’d create an additional column and calculate keyword intent.

Intent is simply a gut check on how likely it is that this keyword

would lead to the desired product conversion? You could

create this on a scale of 0-1 or 1-10.

*IF a competitor engages in paid search, you’d want to

replicate this analysis on a separate tab, “Keywords (Paid)”.

Conclusion

We think Brian Balfour says it best: the key to harnessing the

best insights for your particular market is to “know your

product, channels, and customer better than anyone else and

take informed risks based on those learnings.” A good

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competitive analysis is really an exercise in getting to know

your customer better--how they search, what types of

content they consume and engage with, and what their pain

points are relative to competitor solutions in your market.

That’s why we believe understanding your competitive

landscape isn’t just due diligence, it can actually inform a fair

amount of your growth hypotheses, providing your team a

roadmap for getting started. And once you know where you’re

going, it’s much easier to hit the ground running on designing

your growth experiments.

The tools and templates we’ve provided to help you conduct

your market research aren’t just for new businesses. If you’re

looking to optimize an existing product, a competitive analysis

can help you “kick the tires” and discover new ideas for

testing, not to mention help you better understand your

target customer. If you’re growing a new product, a

competitive analysis will help you ramp up on the market

quickly and comprehensively.

As Paul Graham states, “If you make anything good, you're

going to have competitors, so you may as well face that. You

can only avoid competition by avoiding good ideas.” Doing a

thorough competitive analysis is your first step towards not

just facing, but embracing competition, and this will almost

always allow you a faster path to growth.

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“Know your product, channels, and customer better than anyone else and take informed risks based on those learnings.”

Brian Balfour

Playbook Three: SEO

What is SEO?

Search engine optimization (SEO) is a user acquisition

discipline focused on growing organic (non-paid) visibility in

search engine results pages (SERPs). SEO encompasses all

elements and tactics required to improve search rankings,

drive traffic and increase awareness for your webpage via

search engines.

Search Algorithms

You can think of search engines, such as Google and Bing, as

“the librarians of the Internet”—a dependable source for

finding the “exact book” a user needs. A search engine is a

system that collects information about every page on the web,

determines each page’s relationship to one another and

returns the best page results per the searcher’s “query” (a

fancy name for what a user types into the search bar).

Ranking Factors and On Page vs. Off Page SEO

Each search engine has its own unique recipe, also known as

its algorithm, for determining which pages best answer a

searcher’s query. Some of the most proven ranking factors for

search algorithms include:

• Words on the page. It’s not as simple as matching words

on the page to words in the search query—in the very

early days of search engines, this type of matching and

keyword frequency on the page went a long way, but it

was easily abused by webmasters (webpage owners that

control the content of a page). Today, synonyms,

document length and fancier calculations such as term

frequency–inverse document frequency (tf-idf) are just a

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few of the ways search engines have gotten a lot more

sophisticated when it comes to interpreting words on the

page and their connectedness to a search query. To better

understand where keywords on the page matter most,

read The 5 Parts of Your Site You Should Keyword

Optimize.

• Titles and headings on the page. HTML is the

“programming language” behind much of the Internet, and

a way of describing how a set of text and images should be

displayed to a viewer. HTML gives content structure and

meaning by defining that content as, for example, titles,

headings, paragraphs, images, etc. HTML titles and

headings are two of the most common HTML elements

and also critical “on page” search engine signals. Just like a

book’s title, HTML titles and headings describe what the

page is about.

• Links. Words and titles/headings are entirely within the

webmaster’s control provided they’re “on the page.” Links,

however, tend to be outside of a webmaster’s control.

There’s two types of links (a) internal and (b) external.

Internal links are links from the same domain (e.g. a

homepage linking to its “about us” page). While internal

links are still within a webmaster’s control, they don’t

carry as much weight with search algorithms for precisely

this reason—if it’s within a webmaster’s control, then it

can be manipulated. Though there’s plenty of proven

internal link and architecture best practices to improve

how a search engine perceives your page, and it’s a very

good use of an SEO’s time, external links, or links pointing

to a page from a separate domain are much more powerful

signals to search engines. This is one of the biggest

reasons for why Google has been so successful—Google

was certainly not the first search engine, their algorithm

just had superb results. One of the most crucial drivers of

this was the evolution of “off page” ranking factors. You

can think of external links like votes for a page. Since

they’re very much not within a webmaster’s control, it’s a

much more authentic way of assessing the merits of

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another domain’s webpage. Search engine algorithms

consider both quantity and quality of external links

pointing to a webpage (also known as backlinks), though

quality is more heavily weighted—again, because it’s much

harder to manipulate. While a person could spin up

several new domains and point links to unrelated domains

and specific webpages, a link from The New York Times is

much harder to earn.

• Anchor Text. The “words that comprise the link” are

called anchor text. So in the paragraph directly above, the

blue “internal link and architecture best practices” would

be considered that link’s anchor text. Most commonly,

anchor text is just the domain itself or the name of the

website the link is pointing to. Sometimes though, the

anchor text, like a page’s title, will actually describe the

contents of the page that the link is pointing to. This is

another helpful signal for search engines to understand

what the destination page is about.

• Reputation. Websites that continually produce fresh,

engaging, in-demand content with a growing number of

quality backlinks will do well in search rankings.

In addition to these important ranking factors, there’s at a

minimum, hundreds of other factors that materially

contribute to what webpages fire in a SERP. MOZ’s Search

Engine Ranking Factors is an excellent collection of surveys

and correlation analysis that describes many of these factors

as well as each factor’s estimated sway with search

algorithms. It considers both on-page and off-page ranking

factors.

Overall, off-page ranking factors carry much more weight in

determining if a page shows. That said, on-page SEO is still an

amazing use of time because it’s within a webmaster’s control.

You can think of on-page SEO such as ensuring the HTML is

consistent with SEO best practices, and writing about

keywords that people are actually looking for as your

“prerequisites for ranking”. Without off-page SEO, such as

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quality, relevant backlinks though, you probably won’t earn

much of a search engine presence.

While it can get a bit overwhelming to take into account all of

the things algorithms consider when ranking webpages

(especially given the constant updates being made within

search algorithms), remember not all ranking factors are equal

—hence why we only lead with a few above. Much of SEO boils

down to the sentence mentioned in the “Reputation” above.

So we’ll say it again:

Websites that continually produce fresh, engaging, in-demand content with a growing number of quality backlinks will do well in search rankings.

Websites, Webpages, Root Domains and SEO

Vocabulary

In the previous section, it might look like we’re using the

words “website”, “domain” and “webpage” interchangeably, but

this isn’t the case. Whereas a website is comprised of one root

domain, it can have multiple webpages. For example,

Mixpanel.com is a website (or perhaps better described as a

web application) that has multiple pages such as:

• https://mixpanel.com/

• https://mixpanel.com/pricing/

• https://mixpanel.com/about/

• https://mixpanel.com/login/

“Mixpanel.com” is also the “root domain”—a term that

describes the overarching structure which contains the

subdomains and every URL that comprise the website. While

we’re talking about four webpages here, they’re all part of the

same root domain and website.

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You might also notice we mention “website” and “web

application” above—this simply refers to whether the website

is comprised of mostly static content or also a backend.

Mixpanel is an application provided it’s a SaaS product that

allows you to measure analytics whereas a blog that’s

comprised of text, images and videos is mostly static, and thus

a website (More on websites vs. applications).

In addition to root domain, which is sometimes referred to as

just “domain” above, there’s also subdomains and

subdirectories. You can read about those here, as well as

which is better for SEO.

From backlinks, to anchor text, to root domains, and beyond,

there’s a laundry list of vocabulary around SEO and this

glossary is a great resource.

Search Analysis, Tools & Templates

There’s a reason SEO is often a person’s full time job. As

mentioned above, the amount of ranking factors is almost

limitless and the frequency of search algorithm updates are

more than daily. Still, the above provides an overview of the

basics, and this section provides a general framework as well

as a list of tools and templates we’d use when diving into SEO

for a new project or client.

In order to conduct your SEO analysis, we’ve created this

template to complete the work. Open it, as we’ll reference it

going forward, and it makes for the foundation of forming an

SEO plan and deliverable.

SEO ANALYSIS SHEET TEMPLATE

Traffic Overview

One of the first things we’d want to know when starting an

SEO project is traffic and customer share by channel: organic

search, paid search, direct, referral and social. Not only is it

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important to understand the current makeup, we’d also be

interested in trending this over time to understand what

channel shares are growing/losing share over time. We

recommend looking at three periods to start:

1. Latest month

2. Year-to-date (YTD)

3. Latest Year

We pull this data from Google Analytics in the Acquisition – All

Traffic – Channels report. If you’re unfamiliar with Google

Analytics channel grouping definitions, make sure you read

and understand them before moving forward. These are the

metrics we’d be interested in knowing:

• Sessions

• Sessions share

• Pages / Session

• Avg. Session Duration

Adding an Index to Understand Trends. The outputs of this

report are in the “SEO Analysis Sheet” template and the first

tab, “Traffic Overview.” In addition to these four metrics, we

add a “Sessions-Share Index” to understand share trends. An

index is just a calculation to understand percentage

deviations, high and low, from an average.

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An index between 80 and 120 would be considered neutral

whereas anything below 80 or above 120 would mean a low

or high index. In this context, we’re using an index to see which

channels high and low index in the two more recent periods,

latest month and YTD, relative to the annual channel share

averages.

The table above illustrates our Traffic Overview analysis.

Again, you can find the actual table and calculations in the

“Traffic Overview” tab of the “SEO Analysis Sheet Template”

above.

Interpreting the Traffic Overview Tab. Notice how in both

the “latest month” and “YTD” that the Organic Search

“Sessions—Share” is much greater than in the “latest year”.

Whereas “latest month” and “YTD” show “Sessions—Share” of

traffic as 57% and 49% respectively, “latest year” is a mere

33%. This means Organic Search share of traffic has been

increasing overtime, which is illustrated in the “Sessions—

Share Index” column. For “latest month” and “YTD,” these

index calculations equal 172 and 149 respectively. Both

indices being well above the 120 high index floor.

Remember, the indices calculation is meant to understand

percentage deviations, high and low, from an average—the

average here being “latest year.” This high indexing of Organic

Search in both recent periods means traffic from search has

been growing more rapidly than any other channel. The next

step is trying to make sense of this organic growth. Of course,

if we saw the opposite and a recent low index, we’d still want

to make sense of the negative change. So regardless of the

outcome, the next steps are all relevant.

Organic Positions

Now that we have a handle on what portion of traffic is being

driven per channel, and that organic search traffic is growing

faster than any other channel, we want to figure out which

keywords are driving this increase.

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SEMrush is our favorite tool for doing this. Login with the

company login (If you don’t have one, you can use a free,

limited version—though it’s worth noting you won’t be able to

capture this full analysis) and enter the company’s domain into

the search bar.

Exporting and Concatenating the Organic Positions Data.

If you then scroll down and select to “View full report” in the

“Top Organic Keywords” section and export this to a CSV, you

should get outputs similar to the “Organic Positions” tab in the

“SEO Analysis Sheet Template.” We’ve added two columns

indicating “device” and “keyword + device.”

Currently, you’ll have to do two exports, one per each device,

desktop and mobile, to get a full list of keywords the domain

currently holds organic positions on. The “keyword + device” is

just an Excel concatenate function. Also, within the SEMrush

UI as well as their glossary, you can learn everything you need

to know about the metrics/columns in the export, so we won’t

cover that in full here. In order to keep our tabs tidy, we also

don’t include a handful of metrics in the export.

Interpreting the Organic Positions Tab. The things we’re

most interested in within this export are the following:

• Non-branded keywords with a SERP position of < 10

• Non-branded keywords with a SERP position of < 50

• Keyword volume per all non-branded keywords

A non-branded keyword is any keyword that isn’t the brand

name or some variation and/or misspelling of it.

The below chart is also in the “Organic Positions” tab. The

primary vertical axis and bars measure the average keyword

position held by the domain. So you’ll notice for “referral

management” (desktop), this is 4. Meaning, on average, the

domain shows up in the fourth position of a SERP when this

particular keyword is searched on desktop.

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The secondary vertical axis and grey line measure search

volume, meaning the average number of “exact” searches per

month for a given keyword. So for “referral

management” (desktop), this exact keyword is searched 140

times per month.

The orange bars indicate the “branded” keywords. We’re much

less interested in these provided most domains hold high

positions for their own brand name, and it’s not usually a way

to find new traffic and customers. The labels on the bottom

axis also contain “(d)” or “(m)”, in addition to the keyword, to

indicate desktop or mobile.

What this chart helps us understand is what keywords are

already sort of working for the domain, and it allows us to

forecast the amount of traffic (and ideally customers) that

these keywords might yield. For this example, the company

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0

100

200

300

400

500

0

10

20

30

40

50

Organic Keyword Positions and Volume

analyzed is a SaaS company for healthcare systems to better

manage patient referrals between doctors and specialists.

So while monthly search volume for a term like “referral

management” is only 140, it demonstrates “high intent” for

the product (more on keyword intent in later sections). Since

we also know the average client pays $100K+ annually, this is

actually a pretty great sign that they’re holding the fourth

spot.

Click Through Rates (CTRs) Per Position. Still, it’s worth

noting that even the fourth position in a SERP doesn’t

generally get that much traffic—somewhere between 5-10%

CTRs. CTRs by position are not a linear curve, meaning

moving just one position to the next can have huge traffic

effects. This CTR study for organic Google results

summarizes the findings quite well:

71.33% of searches resulted in a page one Google organic

click. Page two and three get only 5.59% of the clicks. On the

first page alone, the first 5 results account for 67.60% of all

the clicks and the results from 6 to 10 account for only 3.73%.

Here is a chart showing the click through rate by exact

position:

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Organic Positions Competitors

In addition to understanding the organic positions and

potential of a specific domain, we’re also interested in this

same style of analysis for top competitors. This helps us to

understand if anyone has a stronghold on the market as well

as new, but relevant keyword opportunities.

So we recommend repeating the processes described in the

immediately preceding section on 5-10 competitors, entering

their domains, exporting the CSVs for both desktop and

mobile, and then combining the data into one spreadsheet tab.

Sure enough, there’s a handful of new, highly relevant

keywords that we’re not currently ranking for. These are

keyword opportunities worth pursuing. Here’s the keywords

at least one of these five competitors hold first page positions

on (i.e. position 1-10):

• medical referral (d)

• medical referral (d)

• medical referrals (d)

• referral medical (d)

• referral management system (m)

• provider referral (d)

• referral management system (d)

• medical referral system (d)

• referral management system (d)

• what is a medical referral (d)

• physician referral software (d)

• referral management software (d)

• referral management software (m)

Backlinks

Now that we have a solid idea of our own keyword

performance as well as competitors, we’ll set it aside for

further analysis later. The next thing we need to understand is

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our backlink profile. Remember, backlinks refer to the external

links pointing to the domain we’re analyzing.

When it comes to assessing backlinks, there’s three angles to

consider: (1) quality, (2) quantity, and (3) relevancy.

Quality. Quality of backlink is probably the most important

driver of backlinks that improve your SERP presence. Google

uses something called Page Rank whereas MOZ—one of our

favorite SEO toolkits—uses similar metrics called Domain

Authority (DA) and Page Authority (PA). Page Rank is scored

on a scale of 1-10 whereas DA and PA are 1-100. These scales

are logarithmic, meaning moving an increment of “10” on DA

or PA is much easier from 10 to 20 vs. 80 to 90. You can read

more about each measure with the links above. Going

forward, we’ll assume you’ve grasped these measures.

Quantity. The more links the better, assuming these links are

actually earned and relevant to your domain. So long as this is

the strategy, you’ll certainly benefit from more links. That said,

quantity has also been abused by many sites implementing

“black hat” tactics to quickly boost SEO. Just know search

algorithms are extremely sensitive to this type of abuse, and

it’s not worth the potential cost. Here’s a list of 18 Types of

Backlinks against Google’s policy.

Relevancy. Just as it’s important to earn quality links, and the

more quality you have the better, it’s important that these

links make sense for your product. Just as a piece of press or

newsletter on how technology is improving healthcare would

make sense for the SaaS company for healthcare systems

described in this analysis, a link from CNET, despite it being a

high quality link, has likely little relevance.

Open Site Explorer and Interpreting Backlinks. Now that

we know what types of links we’re looking for, we’ll use MOZ’s

Open Site Explorer (OSE) to get our backlink profile. Go to the

tool, enter your domain and then select the “Inbound Links”

section in the left-hand pane (it’s likely already selected).

Inbound links is another word for backlinks as well.

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If you scroll slightly down, select the “target” dropdown as

“this root domain”—this will show you all links to the domain. If

you wanted to see links to a specific page, you’d enter in that

specific page’s URL in the search bar and then select “this

page” in the target dropdown.

Once the results come back, select to “Request CSV” to

download all the backlinks to the domain. You’ll find the CSV

for download in the “Recent Reports” section of OSE.

Once you open the CSV, you should see something very

similar to the “Backlinks” tab in the “SEO Analysis Sheet

Template”.

Two important terms in SEO that have to do with “the passing

of link equity” from one page to another are Rel= “nofollow”

and 301 redirects. You’ll notice these are columns in this

report. Read the linked article to grasp how these two terms

also affect the amount of weight a backlink carries.

Distribution of Links by Page Authority

We’re mostly interested in understanding the distribution of

links across DA and PA. That is, how strong is the backlink

profile for the domain? This, in turn, has a very direct

correlation to your own site DA and PA. Your domain will have

a higher DA and PA if their distribution of backlinks skews

more towards higher DA and PAs and vice versa.

Using the “Backlinks Pivot” and “Backlinks Output” tabs, we

get to the outputs below. When you pivot, you’ll want to find

the count of backlinks per each PA and DA. So depending on

which one you’re analyzing, drag PA or DA to the “Rows”

quadrant of the Pivot Table and do a COUNT of this same

column in the VALUES quadrant of the Pivot Table (The

difference between “Count” and “Sum”, as well as an Excel

Pivot Table summary list of functions).

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You’ll then get these outputs (also in the “Backlinks Output”

tab of the “SEO Analysis Sheet Template” sheet). Together,

these charts will give you an idea of the health of your

backlinks profile.

Anchor Text We also want to understand the anchor text makeup per all of

the links passing link equity back. By creating a Pivot Table you

can quickly make sense of this. See the “Anchor Text” tab in the

“SEO Analysis Sheet Template” for how this is done. That tab’s

output is below.

Remember, anchor text is the visible words and characters a

hyperlink displays when linking to another page on the web.

As you can see here, the vast majority of the anchor text is the

brand name itself, “Fibroblast”, or the actual domain, “http://

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0

5

10

15

20

25

30

PA 10

PA 11

PA 13

PA 14

PA 15

PA 16

PA 17

PA 18

PA 23

PA 24

PA 25

PA 26

PA 28

PA 34

PA 37

PA 40

PA 43

PA 44

PA 47

Count of Backlinks by Page Authority

0

5

10

15

20

25

30

DA 10

DA 12

DA 13

DA 17

DA 20

DA 21

DA 27

DA 28

DA 38

DA 40

DA 50

DA 52

DA 57

DA 58

DA 61

DA 63

DA 66

DA 85

DA 88

DA 92

DA 93

Count of Backlinks by Domain Authority

fibroblast.com.” The “(img alt)” means that the link is actually

an image.

Ideally, your anchor text isn’t just your brand or domain name;

there should also be a fair amount of links describing what the

domain is about. Just as we mentioned relevancy as one of the

keys to great backlinks, anchor text that hints at relevancy is a

great bonus and additional signal that a search engine

algorithm will pick up.

Remember how above “referral management” was a top

keyword for Fibroblast and that, on average, their domain held

a SERP position of 4? Well, having anchor text in a backlink

that’s “referral management software” would be an excellent

win for improving the domain’s position on this term.

While this domain has over 100 quality backlinks, the anchor

text diversification around keywords relevant to the business

is very poor. So a great use of time might be to go back and

analyze all 100+ links, determine if a keyword substitute per

the brand name fits with the content, and if so, do outreach to

see if you can get the link anchor text adjusted.

Backlinks Competitors

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While understanding one’s own backlink profile and

opportunities to improve their link equity is an excellent use of

time, understanding competitors’ backlink profile is a way of

generating a “warm leads list” to new link building

opportunities.

Link building refers to the process of getting external pages to

link to a page on your website (i.e. getting backlinks), and while

link building is certainly one of the most powerful levers for

improving your SERP presence, it’s absolutely critical to

understand the fundamentals of quality link building.

Just like pulling your own backlink profile, we’ll use MOZ’s

Open Site Explorer (OSE) to wrap our heads around the top

domains linking to our market.

Once you pull down the “Inbound Links” section in the left-

hand pane for 5-10 key competitors, combine these files into

one Excel tab. You can do this manually via copy/paste.

Alternatively, you can download and consolidate multiple tabs

using this Worksheet Wizard or something similar. The

“Backlinks Competitors” tab in the “SEO Analysis Sheet

Template” shows what this would look like when finished.

The last step here is to use a Text to Columns function in order

to isolate the top level domain per each of the URLs listed in

column A of the “Backlinks Competitors” tab. Column P shows

the top level domain outputs of such a calculation.

Aggregating Top Level Domains. Creating a Pivot Table off of

the “Backlinks Competitors” tab in order to aggregate the

number of times each domain is linking to competitors will get

you the outputs you need. Per the Pivot Table, drag the

“Domain” column into the Pivot Table’s “Row” quadrant and

any column with numerical data, such as the “Page Authority”

column into the Pivot Table’s “Values” quadrant.

Ensure that the Pivot Table’s Values quadrant function is

“Count” vs. “Sum.” This way you’re simply counting domains vs.

summing Page Authority.

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The “Backlinks Competitors Pivot” tab summarizes this work.

Then, “copy/paste special” these outputs as values and sort

“largest to smallest” like in the “Backlinks Competitors

Output.”

Column C in the “Backlinks Competitors Output” tab is a

Cumulative Distribution Function (CDF) showing how each

domain contributes to the total number of backlinks earned

by competitors. Select a cell in column C to see the CDF

calculation. It’s important you’re sorted in “Largest to

Smallest” in order to have a useful CDF. The primary vertical

axis and bars of the graph show the leading domains that have

backlinks for competitors whereas the secondary vertical axis

shows the total percentage of backlinks the collection of

domains represents, as you move right to left.

The CDF is easiest to explain by example. In the “Backlinks

Competitors Output” tab, there’s 1,096 different domains

linking to competitors, but according the CDF calculation in

column C, the top 23 domains comprise 10% of all links

despite the top 23 domains only comprising 2% of domains

listed (i.e. 23/1,096). The below chart illustrates this for the

top 50 backlinking domains. So the top 50 domains comprise

18% of backlinks despite the top 50 domains only comprising

5% of domains listed. Again, percentages correspond to the

secondary vertical axis.

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0%

20%

40%

60%

80%

100%

0

20

40

60

80

Backlink Instances by Domain and CDF

Making Sense of the CDF. The reason the CDF is important

is because not all domains linking to competitors are equal.

While it’s important to weigh all the attributes of a high

quality backlink profile noted above (i.e. quantity, quality and

relevancy), the CDF is designed to find the subset of domains

driving the most links to competitors, as this often means a

higher probability that the website linking to a competitor will

also be open to linking to you.

When it comes to link building outreach, I’d start with these

domains. Full disclosure, link building is hard and it takes time.

Just like PR, a lot of it comes back to building great

relationships before earning a backlink. We’d also recommend

reading MOZ’s Beginner’s Guide to SEO and its chapter on

link building strategies and examples.

Top Organic Traffic Landing Pages. In a similar spirit to

finding the subset of domains passing the largest share of

backlinks to competitors, we also want to know the sessions/

traffic CDF of top pages on our own domain. Even more

specifically, we want to know the sessions/traffic CDF for not

just all traffic to all pages, but organic traffic to landing

pages.

Organic traffic is traffic from a search engine that you don’t

have to pay for. A landing page is the page the user finds and

initially lands on for your website. You can think of the landing

page as your website’s “front door”.

We recommend pulling the Landing Pages report via your

Google Analytics account to find the pages driving the

majority of traffic from a search engine. We’re interested in

doing this for a couple of reasons:

1. To understand the distribution of organic traffic by page

count. Is it a small or large number of pages driving the

bulk of organic sessions?

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2. To then assess if there’s an “on-page optimization”

opportunity to improve that page’s SERP position and

ultimately drive more free traffic.

Once you pull the landing pages report and download the

CSV, you’ll likely see lots of metrics such as “pages / visit”, “avg.

visit duration”, “bounce rate” etc. We’ll mostly focus on “visits”

in this analysis. While there’s lots of further analysis worth

doing with some of these other metrics in order to figure out

the differences between top and lowest performing pages on

your site, it’s out of the scope of this analysis. If you’re curious

about what you can learn from metrics like bounce rate and

how to improve it, we definitely encourage you to explore it

further.

Interpreting the Top Landing Pages CDF. The “Top Landing

Pages CDF” in the “SEO Analysis Sheet Template” shows visits

from the Google Analytics export, and there’s also a CDF

calculation for visits in Column C. The graph is this tab is also

below:

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0%

20%

40%

60%

80%

100%

0

2,000

4,000

6,000

8,000

10,000

Sessions Cumulative Distribution Function

Similar in format to the previous section’s combination chart,

the primary vertical axis and bars measure landing page visits

whereas the secondary vertical axis and line measures the

CDF of all of these pages. What you’ll notice is that a very tiny

subset of all organic landing pages drive the vast majority of visits. This is bad for a couple of reasons:

1. Despite this company having 100+ backlinks, many of

which have solid domain and page authorities, this link equity

isn’t being leveraged to (a) flow the link equity through the

domain to multiple keyword-rich web pages on the site and (b)

increase the number of pages on the domain that have a

respectable SERP presence.

2. Similar to the first point, one or a very small subset of

pages limits your potential organic reach since one of the

“golden rules of SEO” is to not over-optimize a webpage.

Because there’s so much information published to the web,

most keywords have a moderate-to-extremely competitive set

of documents about the keyword. In other words, Google and

other search engines have the luxury of being very selective in

what to show a searcher. This means most pages that do well

in a SERP target one keyword family or a small subset of

keywords that are all tightly related in intent.

So when you consider how this section shows the homepage

driving 72% of organic landing page visits along with what we

found in the “Organic Positions” section, it makes sense that

“referral management” and a few variations of the keyword

were the only keywords on which we’d built an organic

presence. The number of keywords that a single web page is

able to compete very heavily on is limited and knowing we

have mostly a single page SERP presence, we’re blocked on

improving our presence until one of three things happens:

1. We optimize the homepage for a keyword other than

“referral management”—one that has very similar intent and

competitiveness, but considerably more volume

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2. We optimize already existing pages for keywords relevant

to the business

3. We create new pages optimized for the keywords that

make the most sense for driving traffic and ultimately sales or

some type of conversion

As it turns out, “referral management” is an excellent keyword

for describing this software in that it demonstrates “purchase

intent”, and its volume is at the top of the list for keywords that

this SaaS product’s buyer might search.

The next section will cover our methodology for keyword

research. Whether you’re interested in tactics two or three

above, having a strong process for finding all keywords

relevant to your website and prioritizing them is absolutely

critical to a sound SEO strategy.

Keyword Research

Keyword research is finding and researching actual search

terms that people enter into search engines and is the

foundation for great SEO. But many people think doing

keyword research is just about finding keywords that will

drive the most visitors to your site. Instead, executing great

keyword research is about getting the right kind of visitors to your site. The kind of visitors that don’t just visit, but also

do something that you’d like them to do—from watching a

video to completing an email signup to purchasing—lots of

visitors is meaningless if it doesn’t lead to action.

There’s three things to consider when finding the best

possible keywords to go after:

• Keyword demand

• Keyword competitiveness

• Keyword intent

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Keyword Analysis. Now that we have an initial set of

keywords via SEMrush to understand our current keyword

mix as well as your competitors, the next step is plugging

these into the Google Keyword Research Tool. We’ll assume

you know how to use the tool, but if you don’t, read How to

Use the Google Keyword Tool before moving forward.

This tool will tell you the monthly “exact match” search volume

per keyword, meaning the monthly number of searches. While

you technically already have this from SEMrush, the volume

estimates may be different if SEMrush and Google’s keyword

calculator are rooted in different technology. But the bigger

reason for plugging these already determined keywords into

the tool is to get a larger list of related keywords. Once you

get this list, ideally with hundreds of related keywords, export

the CSV.

In addition to this tactic for blowing out a list of keywords,

we’d definitely recommend using Übersuggest to get tons of

keyword ideas for free. We’d also be sure to ask the client how

they think customers talk about their business. Better yet, if

you can talk to those customers firsthand, that’s an extremely

valuable use of time, as these are the people you’re trying to

find through SEO.

Populating the Keyword Research tab. Once this is done,

clean the list of any obvious unrelated keywords. You should

have a list of keywords that need prioritizing. You can find our

keyword list for this healthcare SaaS company in the

“Keyword Research” tab of the “SEO Analysis Sheet Template”.

Columns such as “Avg. Monthly Searches (exact)”,

“Competition” and “Suggested Bid” are also directly from

exporting the CSV report from the Google Keyword Research

Tool. The rest of the columns in the “Keyword Research” tab

deal with calculations for prioritizing keywords that consider

keyword demand, competitiveness and relevancy. A quick list

of column definitions:

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1. Avg. Monthly Searches (exact): average number of

monthly searches for the exact keyword based on the

location and Search Network targeting

2. Competition: number of advertisers that showed on each

keyword relative to all keywords across Google

3. Suggested bid: Google’s forecast on what it might cost to

advertise on this keyword

4. Percentile columns: these three columns consider each

keywords percentile rank around demand,

competitiveness and intent. In other words, if keyword

demand is simply calculated off the “Avg. Monthly

Searches (exact)” column, the keyword with the most

searches would be in the 100% percentile whereas the

keyword with the least number of searches would be in

the 0% percentile.

5. Comp Score: this column simply multiplies Google’s

estimated “Competition” calculation by its “Suggested bid.”

The more competitive and higher the bid, the higher the

“Comp Score.” Unlike keyword demand and intent, we

want this score to be low.

6. “Contains Keyword” columns: primary, secondary and

tertiary keyword families that demonstrate degrees of

intent to use the product or buy the service.

7. Intent Score: a sum of the “contains keyword” columns

8. Score: a total score taking into account keyword. demand,

competitiveness, and intent. You’ll notice in the calculation we have an extra weighting of 50% on

intent. While this weighting can be debated, we think it’s

worth weighting intent more provided we see SEO as a

tool to drive a customer to action vs. just a way to drive

traffic. You could make this more or less than 50% if you

wanted to emphasize or downplay intent’s importance

relative to demand and competitiveness.

9. Top Keyword (user): again if possible, user feedback is a

best practice for finding top keywords. Ask them how they

think about the product. This column represents the top

keywords per this SaaS service based on feedback from

the user.

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Ultimately, we’d marry the final “Score” and then “Top

Keyword” column feedback from the user or client to then

dictate top keywords. From there, we’d create keyword

families (i.e. keywords similar in searcher intent). Here’s an

example of three potential keyword families we’d create pages

and prioritize content around. Search volume follows the

keyword. Other popular keyword families for this data set

could include “doctor,” “hospital,” “medical” and “patient.”

“Referral Management” (General)

• referral management 140

• referral management system 70

• referral management software 70

• referral manager 30

• referral management in healthcare 10

• referral management service 10

• referral management centre 10

• management referral 10

• effective referral management 10

“Healthcare” • referral system in healthcare 10

• referral management in healthcare 10

• referral systems in healthcare 10

• referral services in healthcare 10

• referral in health care 10

• referral health care 10

• health care referral 10

• referrals in healthcare 10

• healthcare referral 10

• health care referrals 10

• health referral system 10

• health care referral system 10

• health referrals 10

• occupational health referral 10

• health referral 10

“Physician”

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• referring physician 390

• physician referral 390

• physician referral service 210

• physicians referral service 170

• physician network 170

• physician referral network 110

• physician locator 110

• physician referral form 70

• physician referrals 70

• physician relationship management 70

• physician reference 30

• physician referral line 30

• physicians referral 30

• physician referral software 20

• physician referral services 20

• physician referral patterns 20

• physicians referral network 20

• physician referral management 20

• referral physician 10

• physician reference directory 1

Conclusion

SEO is a full-time job for some digital marketers given its

importance to many products and potential for finding

customers with great ROI. Not to mention, the amount of time

and energy required to keep pace with the rapid evolution of

search engine algorithms and managing a website of the

caliber required to have a SERP presence. Still, this playbook is

meant to lay the groundwork for the most important

components of SEO, as well as the necessary templates and

tools for getting started and thinking about SEO

opportunities.

The vocabulary, tools, templates and calculations described in

this playbook are by no means limited to the activities

described in this analysis. Again, these tools are meant to set

you up with momentum and learnings to build from. We

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encourage you to review all of the links mentioned in this

playbook as well as considering how such templates and

calculations might be applicable to other work beyond.

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Playbook Four: Inbound Marketing

Principles and Values: Why Inbound?

Simply defined, inbound marketing is a strategy that brings

customers to your front door, attracting them by creating

useful, quality content that appeals to your target

demographic. Contrast ‘inbound’ strategy with traditional,

‘outbound’ tactics like display ads, out of home advertising,

cold outreach, and other more forceful tactics that attempt to

grab an audience’s attention while they’re looking at

something else.

The primary theory of inbound marketing is that by creating

something useful for your target audience, you’ll generate leads

organically. It’s a holistic approach that focuses on the entire

funnel: from strategically creating content that acquires new

users, to following through with a high-quality user

experience that warrants word-of mouth-referrals. Simply put,

inbound marketing reinforces a relationship of trust with the

customer.

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Source: HubSpot

HubSpot describes the inbound marketing process in four

stages: “Attract, Convert, Close, Delight.” Though, really,

“delight” is something that should happen every time someone

interacts with your brand. This includes email, customer

service, and of course, any time a customer uses your product.

Content Marketing vs. Inbound Marketing

It’s generally agreed that content marketing is a subset or

tactic of an overall inbound strategy. Inbound strategy

encompasses the entire process of attracting, nurturing, and

converting inbound leads into loyal customers.

Defining your Goals

If you’re in a pre-launch marketing phase, your goal is likely to

collect email addresses so you can alert anyone interested

when your product is ready. To do this, you’ll want to create a

landing page that explains the benefit of your product, and

then clearly points to a blank email field.

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Source: HubSpot

Later, when your product has launched, your goal will shift

towards activating users to download and use your app or

purchase your product.

When creating a marketing strategy that supports your

business goals, keep in mind the appropriate scale and your

target audience with respect to the goal itself. When you run

ads, write blog posts, and publish other content across the

web, check for conversion congruence - in other words, make

sure the audience most likely to click on your ad, read your

blog post, and be otherwise engaged by your content

marketing – are the same people who will also buy or

download your product.

There should also be a very clear and cohesive pre- and post-

click experience when attracting and converting potential

customers. Whether a user is interacting with a Facebook ad

or a long-form blog post on your website, the messaging and

imagery used should tell a cohesive story. For more

information on conversion congruence, read Oli Gardner’s

deck on the 7 Principles of Conversion Centered Design.

Decide which channels to participate in - don’t blindly join all

at once. We’ll dive more into this when we discuss establishing

your social media profiles in the subsequent sections.

Defining your Audience

Defining your audience is the key to learning how to create

relevant content. This is an iterative process, and may change

several times as you focus in on your core audience.

You can learn about your audience as you publish content,

distribute, and track engagement.

Some startups invest thousands of dollars on market research

studies to validate their business in the early stages.

Fortunately, you can learn a lot of the same information on

your own by running a matrix of Facebook ads. We like to

think of it as “DIY market research.”

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1. Create a matrix of 3 value propositions vs. 3 target

audiences.

2. Use the same image across all 9 ads, vary the value

proposition in each using different copy, and make sure

the audience categories are mutually exclusive using the

advanced targeting tools on Facebook.

3. After each ad has gained at least 1,000 impressions,

compare the engagement metrics. You should have a

pretty good idea which audience/value proposition combo

is the most successful.

4. Try this again with a different set of creative to confirm

your findings.

We recommend these articles for more ideas on DIY market

research:

• Market Research Using Facebook Ads

• Social Media Market Research

Establishing Social Media Profiles

For new companies, claiming social media profiles is one of the

first things you should do. You may not always be able to claim

@companyname, but you can get creative by searching for

@getcompanyname, @companynameapp, etc.

Follow these steps for claiming social media profiles:

1. Identify the social channels for which you want to claim

profiles.

2. Make sure you have access to all brand assets, including

logos, profile images, cover photos (if applicable), or some

on-brand stock imagery.

3. Update your cover image, profile image, logo, bio, etc.

4. Before you start publishing on your own blog, queue

relevant content from reputable sites using a social media

scheduling tool like buffer or hootsuite.

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For existing companies, you’ll want to do a

quick audit before you start your content

marketing campaign. To conduct a quick audit,

make sure you cover the following:

• Get password access to all social media

sites.

• Double check all profile photos, cover

photos, bios, and meta data attached to

each profile to make sure they’re up-to-

date.

For some, the most difficult part of the

content creation process might be coming up

with ideas. Below is a comprehensive list of

tools, tactics, and resources for coming up

with content ideas.

When planning content for a blog, relevancy is key. This requires getting into the mindset

of the audience and asking yourself, “What do

I find interesting? What am I likely to click on

and read?”

Content Planning

As a general rule of thumb, we don’t advocate

reinventing the wheel when it comes to

planning your content. Instead, identify five

companies that are most relevant to what you

do. They could be competitors, relevant

companies in the space, or simply brands that

exude the quality or voice you’re hoping to

convey.

Scan their blogs and social profiles. What

kinds of content do they publish? What kinds

of content do they share?

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Tools and Resources for Content Planning. • Social Listening is as simple as it sounds - find related

accounts from relevant businesses, competitors, and

other companies in the same space. Look at their posts,

who they retweet, who they mention and interact with.

This should get the ideas flowing.

• RSS feed readers, like Feedly, are a great way to stay on

top of relevant content in your space. We suggest creating

a Feedly account and organizing relevant blogs and

publications for different topics or clients by folder.

• Check relevant subreddits to see what types of content

are trending. Are there any polarizing topics? As long as

you communicate that the opinions of your writers don’t

necessarily reflect the opinions of the company, there’s no

need to shy away from controversial topics. Content that

inspires controversy, emotion, or awe often gets the

biggest organic lift. You can read more about creating viral

content here.

• Follow a few relevant accounts, boards, and topics and

then check your Pinterest feed. Pinterest’s algorithms for

relevant content are very accurate.

• Use Ubersuggest for suggestions of relevant keywords

with search volume.

Once you’ve developed a good list of article ideas, it’s time to

validate keyword search volume using the Google AdWords

Keyword Planner. This is a free tool created for ad buyers to

evaluate the competitiveness of Adword opportunities, but

you can also use it to find longtail keywords for blog posts.

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See also: the SEO playbook’s section “Keyword Research.”

Before you start searching for keywords, decide on your

target average monthly searches. There’s no formula for this,

but you can use other sites’ SERP (search engine results page)

presence as a proxy. Check the average of the top 10 SERP

results for a set group of keywords, using the Moz keyword

difficulty export, and compare it to the Domain Authority of

your site.

Domain Authority (DA) is a score from 1-100 that measures

how well a website will rank on search engines. This score

fluctuates and helps track the strength of your website over

time. Keep in mind, domain authority is scored on a

logarithmic scale. Therefore, it's easier to grow your score

from 20 to 30 than it is to grow from 70 to 80.

When you’re first starting out, the key is to identify keywords

that will be easiest to rank for so that you can start getting

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organic traffic quickly. Identifying keywords with high search

volume is great (this validates people are interested in the

topic), however if other websites with higher DA’s are ranking

for that term, you may be out of luck for landing on the first

page of search results.

For example, if the average of top 10 results is this:

• PA: 29-35

• DA: 53-59

• Root domains linking to page: 1-2

• Root domains linking to domain: 500-3K

Generally the more "connected" your page is to the the

greater the authority the search engines will consider your

site to have. Two links from the same website are counted as

one linking root domain.

Follow a proposed schedule, but don’t let the documentation

interfere with creating and posting real content. If you see

something relevant, use the Buffer and Hootsuite plugins to

quickly queue or post that content.

Managing Freelance Writers

There are dozens of sites for hiring freelance writers. We’ve

had the best luck using problogger but will also include a list of

other sites in the Resources section.

Our content team is typically made up of remote freelancers,

but that doesn’t mean they shouldn’t be involved and

informed on the product.

When managing a team of remote freelancers, make sure

you’re communicating regularly with your team. Depending

on the project, send bi-weekly or monthly digests including

links and metrics of articles published in the last month.

This fosters a healthy sense of community, camaraderie, even

competition. If your writers are excited to be writing for your

blog, they’re more likely to share their own posts, and even

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their fellow writer’s posts, on social media. When you need to

hire for ad hoc data entry projects, you may want to leverage

these writers and/or their networks.

Communicating with your team about the business/product is

also beneficial. When you need to quickly spin off a product

pitch, you can enlist the help of your editorial team.

This Grow & Convert article is a great resource on how to pay,

motivate, and manage blog writers.

Establish a Visual Language

You may already be working with a designer on a new logo and

visual identity, or you may be working with existing assets. For

content, you want to stay consistent in your use of a visual

language.

Stick with consistent and minimal branding. Keep in mind it

can always change, the most important thing is getting it out

there. It doesn’t have to be perfect but you’ll want to test

many different visuals to see what works for ads.

We suggest MailChimp’s Voice and Tone guide for more ideas

on maintaining consistency with your copywriting voice.

Frontify is another great source for documenting brand

guidelines.

Distribution

As a rule of thumb, you should spend as much time

distributing your content as you spend creating it. This is

almost every marketer’s “Achilles’ heel” because distribution is

much more of a slog that requires persistence, whereas

creating content is often exhilarating and creative.

Even still, this is no excuse not to double down on distribution.

We recommend budgeting distribution time in upfront so

you’re conscious of how much time you can spend creating

versus distributing.

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One of the biggest tragedies in content marketing is creating

content that the target audience might love but will ultimately

never see because of a lack of investment in testing various

distribution strategies and tactics. The beauty of creating

evergreen content is that the content is just as valuable a

month after and a year after you created it, and is therefore

worth distributing over and over again. We’ve provided a few

distribution tactics in the next section for getting the most

ROI from your content.

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Create Share Images. For each blog post or piece of content,

make sure you create several alternate share images that you

can use when distributing the content. Size and layout varies

by channel, see the pixel guide.

These share images should follow your predetermined style

guide (see the section on Visual Language) with consistent

font use and logos. Once you have created those images, you

can create your first post announcing that a new piece of

content is live. This is definitely work that can be done in

advance. If you assign 6 blog posts to different writers, you

can start creating share images based on the headlines.

To decide when to share on different platforms, use the

internal insights tools on each platform (i.e. Facebook

Insights) or 3rd party tools like Tweriod for Twitter. These

sites help you post at the optimal time/day, when your post is

guaranteed to make the biggest impact.

See the Competitive Analysis section, “What day of week

and times of day are best/worst for post engagement?” for a

more calculated way of finding optimal post times.

When the post and share images are ready, queue up your

first batch of content. Schedule each piece of content several

times, using varying snippets of copy, quotes, and leading text.

Other Distribution Tactics.

• Post links on forum sites including relevant subreddits,

GrowthHackers.com, Quora, etc.

• Post your original content to Flipboard.• Reach out directly to people that write or tweet about

similar topics and ask them to share your content. Include

a simple “click to tweet link.”

• Try a syndicated content campaign like: Scoop.it, Triberr, All top.

• Re-write or post the content in a different format:

Slideshare, Medium, Tumblr.• Link Building

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- Use Buzzsumo to find the top 100 most shared blog

posts about a certain topic.

- Upload list of URLS to Upwork- Ask an Upworker to find the email addresses of

the authors of each post - Send a Mail Merge to all authors asking them to

share/tweet your post

Automation and Scheduling. When scheduling relevant

content tweets and distribution for your blog, try to automate

as much as possible. These tools are useful for streamlining

the process:

• Use social media scheduling tools like Buffer or Hootsuite.

For Buffer, use bulk buffer to upload a CSV of tweets.

• Set “triggers” or “recipes” using an API tool like IFTTT. For

example, when a new blog post is published on

WordPress, you can create a trigger to automatically

tweet a link to your followers.

• If you have more than a few bloggers, send them emails

using Google Mail Merge.

• If you’re designing lots of share images, try posting a batch

to 99 Designs.

Monitoring and Iterating

Set up a dashboard in Google Analytics so you can easily track

the success of your content. Include unique visitors, users by

source, top posts/pages on your site by visitors, breakdown of

screen resolutions, top referral links, and search terms used to

find you.

There’s no need to reinvent the wheel here - ask someone

with an existing dashboard to share it with you using the

gallery tool.

Create a social media dashboard and update it weekly

(Sunday-Monday). This dashboard should include the

following metrics:

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• On Facebook: Net likes and “talking about” metric which

is an index for engagement

• On Twitter: Net followers gained, # of mentions, # clicks

on most popular tweet, # of retweets

• From Google Analytics: record the total unique sessions

from social, percentage share of all uniques, # of Organic

Sessions to a Blog Landing Page, and percentage share of

all uniques

• Inputs based metrics: Add extra columns for inputs based

metrics - i.e. # of keyword rich posts published, # of link

building emails sent, # of links earned, etc.

• Performance benchmarks: Add conditional formatting to

quickly see how weekly performance is indexed against

overall performance.

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Lead Nurturing

Lead nurturing is the process of developing a 1:1 relationship

with your customer with the goal of earning their business

when they’re ready.

We’ll discuss this process as it applies to B2B inbound

marketing since B2B businesses are typically prone to longer

and more complicated sales cycles, however this practice can

be applied to consumer businesses as well.

This stat from VentureBeat demonstrates just how critical

lead nurturing is in the buyer’s journey:

“The B2B buyer’s journey is long and complex. Buyers can be 90

percent of the way through the buying process before they reach out to a salesperson. This change to the buyer’s journey has made

nurturing even more important.”

Since prospects are able to do a lot of their own online

research before they choose a particular solution for their

business, it’s important for B2B business to offer value to

customers at all stages of the buyer’s journey.

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Examples of offering value to customers can include webinars,

product demos, ebooks and whitepapers--anything that

educates your target on your product and the space and helps

them communicate inside their organization about the value

of your offering.

This is where having a backlog of great content comes into

play. Think of content as the backbone of your lead nurturing

campaigns.  Keep in mind that it’s important to consider where

prospects are in the sales cycle before reaching them with

your lead nurturing campaigns.

Creating engaging, high-quality content is not an easy task.

For every piece of content you create, make sure to repurpose it in at least two formats. For example, start with a long-form

blog post then repurpose it into an ebook or video interview -

this makes output much more efficient and can also go a long

way to help arm your sales team with the relevant content to

close.

Email Workflows. As a general general rule of thumb, it's a

good idea to create several email touch points over the course

of a lead nurturing campaign depending on the length of your

sales cycle. Consider a typical sales cycle for your business

and map your lead nurturing campaign accordingly.

For example, if your typical cycle runs 30 days, you may want

to set up your campaign for emails to be sent out the 1st,

10th, and 20th days after a conversion event.  You goal is to

continue selling your value proposition to targeted lists by

solving a problem for them each step of the way.

Email workflows can be used to create interactions at every

stage of the buyer’s journey in an efficient and scalable way.

 Here’s a sample workflow we’ve adapted from Seven Atoms

to help illustrate a typical lead nurturing process.

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Step 1: Send an email to a targeted leads list inviting them to

download an eBook based on an action they took on your

website. Step 2: Send a follow-up thank you note to contacts that

downloaded the offer. Step 3: A few days later—send another email to the list of

contacts that downloaded the eBook offering another piece of

content on a related topic.

Step 4: When a contact downloads the content offer

(indicating that they are a qualified, more purchase-ready

lead) notify the sales team so that they can reach out and

close them into customers.

Use segmentation to sort leads. This ensures you’re

accounting for where leads are in the buying process. One

way to think about segmenting your database by stage of

interaction and readiness to convert, though there might be

other ways to segment your list that are more applicable to

your market, like position title or geographic region, or

company size.

• Mild: paid traffic on general offer in your “problem”

category. • Medium: intent-based search traffic to landing page to

specific content download. • HOT: existing email subscriber with repeated landing page

visits, multiple content downloads.

This post from Segment gives a great rundown of different

marketing automation tools for establishing workflows. As a

note, we’ll cover email marketing separately and more in-

depth in a future playbook.

Bear in mind that lead nurturing is more than just email

marketing--although email tends to be the lion’s share of

activity due to the efficacy of this channel.  It’s important to

keep in mind that taking a multi-channel approach is often

most effective in nurturing leads and closing customers.

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 Other multi-channel lead nurturing tactics that deliver

targeted messages include:

• Retargeting ads

• 1:1 Social media outreach

• Targeted landing pages

• Live chat

• Webinars

• Sales enablement

• Behavior-based event tracking

B2B vs B2C Content

A major difference between B2B and B2C content are the

marketing goals that they support. According to Content

Marketing Institute, a high percentage of both B2B and B2C

brands use content to drive brand awareness and customer

engagement. However 83% of B2B brands typically use

content to generate leads (much more so than B2C brands do

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at 69%). Additionally, B2C brands use content as a main driver

of retention with 88% reporting that their content marketing

goals support customer retention and loyalty.

B2B transactions tend to have a much higher “ticket value”

than B2C transactions which is why content tends to play a

vital role in the lead nurturing process. There’s also a greater

likelihood of repeat purchases since many B2B customers will

make recurring purchases.

Take, for example, a SaaS (software as a service) product that

requires an annual contract or some other recurring payment

model, a B2B customer will likely spend more time

researching various SaaS offerings that meet their needs since

they are likely to stick with that vendor over a long period of

time. B2B brands should create content that educates their

audience something valuable about the problem their product

solves  and demonstrates thought leadership.

Generating leads with content

There’s no question that implementing an inbound marketing

initiative can deliver great ROI for your business.  According

to HubSpot, inbound leads cost 61% less (on average) than

outbound leads, which is, in part, why inbound marketing has

received so much attention in recent years. Keep in mind, this

isn’t a silver bullet solution. Every business is different and

determining which channels and which types of content

deliver the highest ROI for your business is important.

We recommend a "rapid prototyping" approach when figuring

out which types of content resonate best with your audience.

Don’t invest too much time and effort in a bunch of lengthy

white papers until you test it, tweet it out and get feedback.

Talk to your sales team about which content formats are most

effective when they’re working with prospects.

Our team uses Facebook’s Lead Ad feature to test new types

of content. It’s a great way to get a little more information

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about your target customer, optimize messaging, and pull B2B

leads in with a valuable content offer.

Think of your website as the hub for all your content. Every

landing page can be used to generate leads and help prospects

learn more about you. Using CTAs, nested forms, email

signups and even gating higher value content behind a landing

page are all great ways to generate leads for your business.

Even your “About” page is fertile ground for generating leads.

That’s where people go to find out more about you and is a

great place to start establishing trust with potential

customers. Here’s a few more ideas on optimizing your

website to be a lead generation machine.

Aligning Your Sales and Marketing Teams

Working backwards from your revenue goals can help define

marketing responsibilities. This is especially critical for your

inbound marketing program since the success of your inbound

effort will be measured by how many qualified leads it

generates.

For B2B businesses, making sure your marketing and sales

teams are aligned is critical. Your sales team is on the front

lines when it comes to dealing with prospects, and

has the best understanding of your customer’s pain

points and interests. So it’s a good idea to make it a

habit to meet with your sales team on a regular basis

to harness the insights they’re gleaning everyday. In

fact, we recommend regularly communicating with

sales to update buyer personas and sales

communications. Use this “Mad Libs” style exercise

from New Breed Marketing to get the creative

juices flowing.

Since sales is always moving towards numerical

goals, a great way to ensure alignment is for inbound

marketing to set up a Service Level Agreement (SLA)

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with your sales team. Think of this as contract or promise you

set with your sales team to deliver them qualified leads.

To project the number of leads your inbound effort will

generate, you’ll need to do some basic calculations:

1. Marketing-sourced revenue goal = Sales quota * %

revenue from marketing-generated leads

2. Marketing-sourced revenue goal / average sales deal size

= # customers needed

3. Customers / average lead to customer close % = # leads

needed

Once you have an idea of how many leads your inbound

marketing effort should generate to meet revenue goals, you

can then define what makes a qualified lead.  Keep in mind, the

leads each of these teams market to are different, so it’s

important that both teams understand the characteristics that

make up each type. While marketing qualified leads (MQLs) are those that have

shown some level of interest (usually by taking an action on

your website) and are deemed by the marketing team to be

qualified for nurturing, sales qualified leads (SQLs) are those

who have been deemed qualified for turning over to the sales

team for direct follow up. Every business will define its MQLs

and SQLs differently.

The first step to defining an MQL is to create a list of all the

activities a lead can complete before becoming a customer,

such as requesting a demo of your product, visiting certain

pages of your website, or downloading certain pieces of

content. You’ll eventually want to rank each of these tactics by

close rate so that you can have a clear picture of which

activities have the highest likelihood of converting leads.

To ensure that the leads you’re passing on to Sales are actually

productive, it’s useful to set up a lead scoring to system to

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prioritize the leads that have the highest probability of closing.

For more on setting up an effective lead scoring system, these

are too great resources for scoring leads:

• HubSpot - How to calculate a basic lead score

• Logistic regression - How to predict if a prospect will buy

Tools & Resources

Stock photo sites Unsplash

Death to the Stock Photo

Splashbase

Stocksy

Splitshire

Cargo Collective

Made in Moments

Useful Plugins

LinkClump - useful for just about everything, especially

scraping long lists of links and dropping them into a

spreadsheet

Rapportive - useful for PR/link building

OneTab - useful anytime you spend a chunk of time doing

research and your computer can’t keep up with you tabs

iMacros - useful for follow/unfollow tactics

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Moz Open Site Explorer - for checking Domain Authority on

sites in the SERP, useful for keyword planning

Other useful tools

Canva - for creating share images

Trello - Task Management

BuzzStream - PR

Stocksy - Stock Photos

Hootsuite - Social Media Management

WP Admin - Wordpress CRM

PayPal - Contractor Payroll

Google Docs - Content Calendars, other docs, etc.

ProBlogger - hiring freelance writers

MixPanel - Sending Push notifications

MailChimp - Emails

Triberr - Blogger networking

Reddit - Blog Distribution

Quora - In Depth Q&A Forum

IFTTT - social media, automation

Marketing Resources Traction

Programming for Marketers - Email Course

HubSpot - Inbound Marketing

HubSpot Inbound Marketing Certification

The Definitive Guide to B2C Content Marketing by Neil Patel

Conclusion

Inbound marketing is ultimately a process for turning leads

into brand advocates, not just customers. When customer

loyalty is your goal, it forces you to think beyond acquisition

and more about keeping customers happy so that they

continue to use your product and tell other people about it.

The internet enables this 1:1 relationship with your customer

to happen much more quickly and robustly than ever before.

Every piece of content you create should have a goal and your

customer should always be at the end of that goal.

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Whether it’s driving traffic to your site, generating leads,

building a loyal community, or promoting your product or

service, every piece of content you distribute should create

value for your audience.

It’s shortsighted to think that inbound marketing is just about

creating marketing collateral.  The same principles that apply

to making great products, apply to creating remarkable

content: create content that solves a problem for your

audience, and then reach and serve all those people by

doubling down on your distribution and lead nurturing

strategies.

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Playbook Five: Paid Acquisition

Types of Advertising

Paid placements typically fall into two categories: native and non-native. Native ads are paid placements that appear

natively within content on the internet. They should appear to

blend seamlessly with the rest of the content on the page and

may not appear to be “ad like” at first glance.

Additionally, they should not disrupt the user experience. It’s

important to note that the nativity of the advertising platform

can play into banner blindness—a phenomenon when

website visitors consciously or subconsciously ignore banner

ads or other banner-like elements on a webpage.

That said, there are extremely native forms of advertising that

still have some degree of banner blindness. And these

channels can be very effective in driving specific groups of

users to your website and landing pages.

We should note that this Playbook isn’t meant to give a

comprehensive overview of every type of advertising available

to digital marketers—instead, it’s a deep dive into some of the

more popular platforms that we’ve found most effective for

clients when it comes to assessing both ‘platform

scalability’ (i.e. is the channel conducive to finding a target

market in sufficient quantity) and ‘unit economics’ (i.e. the cost

to acquire relative to the lifetime value of the customer).

AdWords. The Google AdWords platform contains tools to

purchase both search and display ads. Each type of ad is

eligible to be used in a remarketing capacity, that is to say that

you can purchase ads through AdWords to be displayed to

people after they have visited your website, used your mobile

app, signed up for your customer email list or interacted with

your YouTube channel. Ads are eligible to be shown as search

ads on Google or search partners or ads may be shown

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several types of display ads on the Google Display Network

which covers a large portion of the available ad inventory on

the internet.

Facebook. The Facebook Ads platform allows you to

purchase ads on Facebook and Instagram. The ads appear in

both native and non-native formats on Facebook and in a

native format on Instagram. The main benefit of the Facebook

ads platform is the robust targeting capability. In addition to

remarketing tools, Facebook ads can be targeted based on

user demographics, interests & behaviors. Ads are eligible to

be shown in-feed on Facebook & Instagram and on the right

rail on Facebook. Additionally, there is limited support of

interstitial mobile ads.

Pinterest. The Pinterest Ads platform allows you to promote

content on Pinterest. Since the majority of content on

Pinterest contains links to external websites, this can be an

excellent driver of traffic for users in the discovery phase of

the purchase funnel. Pinterest promoted content is extremely

native and this coupled with the extremely busy design of

feeds and pinboards, lead to a different form of banner

blindness.

Twitter. Twitter Ads are ads that display on Twitter only.

Promoted Tweets can appear natively in timelines, search

results and the follower suggestion page. Tweets can also

appear non-natively in timelines and single tweet views.

Conversion Tracking

Regardless of the ad platform you use, you’ll need to set up

some kind of conversion tracking. This can vary depending on

the type of ad selected and the platform, but for the most part

it involves taking a piece of code and placing it on your

website. In order to save time and avoid having to ask

someone to make changes to your website over and over

again, some people find it easy to use a tag management

system. The benefit here is that you can install a piece of code

once, which links to a web app you can use to manage tags.

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There are a few options though Google provides a good, free

option called Google Tag Manager. Google Tag Manager

allows you to easily add tags and set firing rules based on

event rules or page URL. This guide from LunaMetrics

provides a step-by-step process for setting up conversion

tracking via Google Tag Manger.

Google Network

As mentioned earlier, the Google Network is one of the most

powerful ad buying platforms with a broad range of ad types

and targeting options. We’ll discuss more about creating

search ad campaigns, though many of these options can be

reused for other campaign types.

Campaign Types. There are several types of campaigns

available on the Google Network. They’re roughly divided into

five categories based on the medium on which the ads appear.

Ads can be displayed on:

• Search

• Display

• Shopping

• App Store

• YouTube

Search campaigns are also available to be run as “Search

Network with Display Select” which is a blend of both Search

& Display ads. The other campaign types are pretty self-

explanatory with the exception of “Shopping.” Shopping

campaigns are the means by which Google Shopping is

populated.

Many people are unaware that Google Shopping content is

exclusively paid placements. Within each campaign type, there

are several different objectives available ranging from getting

people to call or visit your business to downloading an app.

These objectives help determine which ad types are available.

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Account Structure. AdWords accounts are structured so that

one account can have one or more Campaigns. Most

importantly, each campaign has a daily budget, start and end

dates. Your campaigns can have one or more Ad Groups. Ad

Groups are where targeting is et either through keywords,

display placements and/or audience. Each Ad Group contains

one or more ads. This is an illustration of a good account

structure:

This knowledge base answer also provides a helpful

explanation of good account structure.

Understanding the Difference Between Keywords & Queries. In AdWords, you select and bid on keywords which

trigger your ads to be shown based on search queries—while

keywords and ads are different entities, they’re very related

because keywords dictate what ads should fire. A keyword can

be triggered by more than one search query depending on

keyword match type. A search query can trigger different

keywords across several campaigns or advertisers.

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Using the example Red Nike Running Shoes can trigger the

keywords “red shoes”, “Nike running shoes”, “running shoes”

and “Nike shoes.” It’s important to remember that your

particular keyword can be triggered by numerous different

search queries.

You can influence which queries trigger your keyword by

setting the match type. Match types allow the advertiser to

dictate how rigorously queries match keywords. There are

four possible match types:

• Broad Match – The basic match type. It is eligible to show

for synonyms, close variations, misspellings, relevant

variations, plurals and stemmings.

• Broad Match Modified – This is similar to (and

sometimes used in conjunction with) broad match. By

adding a plus sign before a word you’re telling google that

the query must include this word (including misspellings,

close variations and plurals, but not synonyms).

• Phrase Match – Phrase match keywords must contain the

phrase (or close variations) of the phrase match keywords

in the same order. Phrase match keywords are added with

quotes.

• Exact Match – Exact match keywords are triggered when

they match they keywords exactly with the exception of

misspellings and plural. Exact match keywords are added

between brackets.

Quality Score. With such a large ad network and many people

competing for the same keywords with the same bids, Google

needs a way to figure out which advertisers’ keywords are

most deserving of being served. Google uses a quality score

which is calculated for each keyword in your account. Quality

scores range from 1-10 and have direct influence on both ad

rank and how much you pay per click relative to other

advertisers.

Quality score is calculated based on several factors: expected

click through rate, ad relevance and landing page relevance.

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Additionally, once you advertise for a keyword, that keyword’s

past performance is included in the Quality score calculation.

Quality score directly affects how you bid on keywords. An

average score is 6, anything higher is considered above

average and will help reduce your CPC, anything lower is

considered below average and will increase your CPC

relevant to other advertisers. Quality score affects your ad

rank, or how close to the top of the page that your ad appears.

Ad rank is determined by multiplying your quality score by

your CPC bid.

Having the highest quality score possible is incredibly

important for making sure people see your ad and for

controlling spend. You can increase your quality score by

making your ads relevant to the keyword/query, making your

landing page relevant to the keyword/query and adding

negative keywords to ensure that you don’t show for

irrelevant queries.

Keyword Selection. The first task in creating an AdWords

Campaign is to perform keyword research. The process is

similar to conducting keyword research for content creation,

except that in the case of AdWords, keywords will be selected

based on different criteria. Focusing on keywords with some

sort of activation intent is essential for your AdWords

campaigns.

Before you even get to the keyword planner, figure out who

your competitors are. You’ll likely know who your competitors

are if you’ve completed the tasks in the sections on

Competitive Analysis and SEO. Keeping in mind those

competitors, go to SEMrush.com research your competitors.

In the domain report, scroll past the organic keywords section

and take a look at the paid keyword section. Some domains

won’t have any information because they do not advertise on

search engine networks that SEMrush tracks.

It’s a good idea to keep track of the keywords your

competitors are already advertising for because (1) those

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keywords already have some built in competition and (2) they

allow you to find and exploit keywords your competitors might

be missing. If a competitor has keywords under the paid

section of the SEMrush report, view the full report and export

it as a CSV.

Finally, go to the AdWords Keyword Planner and select the

first option “Search for new Keywords using a phrase, website

or category.” Enter the homepage of your competitor in the

landing page. The keyword planner will then generate a list of

keywords that it feels best represent the information

presented on this page.

The issue here is that you’ll likely be presented with a list of

several hundred to several thousand results. You could simply

save all keywords to your account and include them all in a

plan, however there would likely be many keywords which

don’t add any value.

To use an example from this guide to keyword selection by

Doled, if you’re finding potential keywords around “home

loan,” the keyword planner may return keywords around both

home loans and mortgages, which are technically different

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products and may not help you get conversions. Therefore, it’s

essential to manually comb through the keywords returned

for each page queried. As keywords are added to your

campaigns, they are omitted from the suggestion list and are

not included in results to future searches.

Once you have a healthy list of keywords, export the list to a

CSV. Copy the list into Column A of the Keyword Checker tab.

Drag the formula that is in the first few cells of column B so

that every keyword in column A is analyzed by the formula in

Column B. Finally, copy the competitor keywords generated

by SEMrush into Column A of the Competitor Keywords Tab.

You’ll now have keywords analyzed by whether or not your

competitors are already advertising for them. In an ideal

world, you wouldn’t need to use any keywords your

competitor uses, but in reality you may need to bid on these as

they have a high purchase intent or some other reason.

In some cases, you may want to pare your list down so as not

to bid on these competitor terms. The lone exception we’ve

found is bidding on competitor’s branded terms, they’re

oftentimes a way to introduce your brand to the customer or

potential customer of a competitor.

The keyword planner can also be helpful to segment your

keyword list into Ad Groups. On the keyword planner start

page, simply use the second option “Get Search Volume Data

& Trends.”

Paste your keyword list into the keyword box. After the search

volume and bid suggestions are returned, click the “Ad

Groups” tab to have your keywords grouped into Ad Groups.

Structuring Your AdWords Campaigns. A company called

3Q Digital created a campaign structure called Alpha-Beta

that we’ve found to be particularly successful.

If you look at the name, Alpha represents strength (alpha-dog)

and beta represents a test (before a piece of software is

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released to the general public, it is released as a beta first and

it is typically still being worked on).

Using this methodology, you separate your keywords into two

groups: Alpha keywords that you know are successful and

Beta keywords that you’re testing. Over time, keywords either

move to Alpha or they are discarded.

Before we get started with deeper explanation of Alpha-Beta

Campaigns, let’s review how keywords are matched using

“shoes” as an example. Say that you have a website that sells

running shoes and you want to create search ads that drive

purchasers to your site. You know that you want to be able to

reach people who are ready (or close to being ready) to

purchase. In order to do this, you might to pick the following

keywords:

• Red running shoes

• Red Women’s running shoes

• Nike running shoes

• Barefoot running shoes

• Inexpensive Women’s Running Shoes

If you’re selecting these keywords as Broad Match these

queries may show for relevant queries, but they may also

show for unrelated queries. “Barefoot running shoes” is

eligible to show for “benefits of running barefoot” and “red

women’s running shoes” is eligible to show for “red women’s

high heel shoes” through variant matching. These keywords

have potential to waste budget through clicks from unrelated

queries.

With an Alpha-Beta Campaign, all new keywords start out as

broad match modified in your Beta campaign. You’re using

them as “bait” so that Google’s Ad Algorithm matches you on

relevant queries. After a few days you’ll start to notice that

some keywords convert and some keywords don’t. You’ll need

to define your conversion objectives up front so that you can

assess which keywords are driving value for your business.

This will be different for every advertiser.

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Ideally, you’ve figured out what a good general acquisition

cost is for you and hopefully, after a period of time, you’ll

determine what a good acquisition cost is for different

keywords. It’s probably going to be some mix of conversion

numbers, conversion rate, CPA, click counts, impression

counts and CTA.

With these numbers, you can figure out if people are seeing

your ad, how they’re reacting to it, whether or not your ad is

helping people convert on your offer and finally how much

you’re paying for people to convert.

After a period of time (a few days to a week) you’ll have a good

sense of which keywords are converting and which keywords

aren’t. From here, you’ll need to make a decision on every

keyword: is it working? do you need more data or is it not

working? If it’s working (converting at an acceptable CPA),

you’ll want to assign it to your Alpha Campaign.

The structure of the Alpha Campaign differs from the Beta

Campaign in that the Beta Campaign has several highly

targeted Ad Groups each with several broad match modified

keywords. Your Alpha Campaign is made up of many Single

Keyword Ad Groups (SKAG). Each SKAG contains a single

keyword set to exact match.

The benefit of having single keyword ad groups is twofold:

first, since each ad group contains one keyword only, you can

make your ad incredibly targeted towards that keyword. Since

Google bolds words in search results that match the query,

including your keyword more than once in an ad will make

your ad seem more relevant. The other benefit is that you can

create a custom landing page for each alpha keyword, which

will lead to a higher quality score (and lower CPCs and CPAs).

Once you’ve added winners to your Alpha Campaign, make

sure that these are going to be the keywords that show for

relevant queries. If you have two of the same keywords across

an account, you’re only eligible to display one ad for that

keyword.

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For the most part, Google will select the keyword with the

most restrictive match (phrase over broad, exact over phrase),

though this will not always be the case. In order to make sure

that your SKAG ad shows for a query, add each of your alpha

keywords as a campaign level negative exact match to your

Beta Campaign. This will ensure that your exact match

keyword is served only in your Alpha campaign and prevents it

from being served as a broad match keyword in your Beta

campaign.

After you’ve set up your Alpha and Beta campaigns and

identified some winners, you need to make decisions about

non-winners. If you feel you need more data, simply keep

those keywords in your Beta Campaign. Finally, scrub the

losers by adding any keywords you feel will not work as

campaign level exact match negative keywords to your Beta

campaigns.

Once you’ve gotten the hang of Alpha-Beta campaigns, we

recommend the scripts referenced in this article which make

the Alpha-Beta less time-consuming to maintain. These will

help automating adding losers and negative keywords to your

Beta campaigns. We’ll discuss Adwords scripts later in this

playbook.

Google Display Network. Search ads aren’t the only type of

ads available via Google—Google also has a display network

with which to display ads. On the display network, you have

the option of creating ads with images or using text as which

google will place onto images and use on the display network.

The default campaign type “Search Network with Display

Select” includes placement on the GDN and many users

neglect to create non-text ads which means that text ads will

be automatically converted into images to use on the display

network. They look something like this:

There is more flexibility in the targeting of display network

ads. In addition to keyword targeting (which instead of search

queries, match to page content) you can target based on

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domain, interest of the user, age, gender, parental status and

mobile app.

Available Ad Sizes. Because of the different page layout

across the internet there are several ad sizes available and

there are a different inventories available for each size. It’s

generally a good idea to create multiple image ads until you

have an idea of how much you are able to display and how

successful each size is. For more information on available ad

sizes, we recommend reading these articles:

• Disruptive Advertising - Top 10 AdWords You Need to

Know

• AdSense Help - Most Successful ad sizes

• Stefan Maescher - Top 10 Banner Sizes

• Quora - Which banner ad sizes account for the most click

volume in the Google AdWords Display Network?

AdWords Scripting. Automation is also available within

AdWords scripts. AdWords scripts are written using a

JavaScript and can be used to automate actions on your

AdWords account. This feature allows you to take data from

other Google Apps such as spreadsheets and to automate

reporting and push results to other mediums such as emails.

This is a great resource that lists useful Adwords scripts.

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AdWords scripts provide a way to programmatically control

your AdWords data using simple JavaScript. Only entry-level

familiarity with JavaScript is needed to use Adwords scripts.

This video provides an in-depth tutorial on getting started

with Adwords scripts.

The screenshot from Google Developers below shows how

you can access Scripts within your Adwords account.

AWQL. Part of AdWords Scripting is AWQL, developed to

help easily recall account data. Based on SQL, it was originally

designed to make it easier to select and recall data for

AdWords scripts, however a PPC consultant created a tool

called awql.me which allows you to query and download data

from an AdWords account.

Audiences. Through use of the Google Remarketing Pixel, you

can create remarketing audiences and serve specific ads to

people who have visited your website. Recently, Google

expanded these tools to allow advertisers to upload lists of

customer emails to be able to serve ads to customers only.

The true power of these lists lies in using them to exclude ads

from being shown to a certain group of people. Excluding

customers will prevent you from spending to have ads served

to people who have already been acquired.

Facebook

For this section, we’ll use “click” as an example of a positive

interaction. Though with Facebook there can be positives

from engagement other than clicks. It’s also worth noting that

Facebook’s own reporting tool tracks clicks in several

different ways--in fact, a click that takes a user off of Facebook

to another website is reportedly separately from “clicks”

within Facebook.

Facebook’s Ad network operates similarly to Google’s

network. There are probably enough pros and con comparing

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each network that there is little sense in trying to figure which

network is better. However, Facebook’s tools for finding

potential customers at the top of a purchase funnel are

probably stronger (and slightly more user friendly) than the

Google Network.

Campaign Objectives and Optimizations. When creating a

Facebook Campaign, the first thing you will need to do is

select a campaign objective. The benefit here is that ads will

be served to people who are more likely to complete a certain

action.

If you use a campaign with an objective for post engagement,

your ads will be shown to people who are more likely to

interact with a post over someone who is more likely to click a

link to a website. It’s important to think about your goals for a

campaign when selecting the campaign type.

There are several types of campaigns:

• Clicks to Website: Send people to your website.

• Website Conversions: Increase conversions on your

website. You'll need a conversion pixel for your website

before you can create this ad.

• Page Post Engagement: Boost your posts.

• Page Likes: Promote your Page and get Page likes to

connect with more of the people who matter to you.

• App Installs: Get installs of your app.

• App Engagement: Increase engagement in your app.

• Offer Claims: Create offers for people to redeem in your

store.

• Local Awareness: Reach people near your business.

• Event Responses: Raise attendance at your event.

• Video Views: Create ads that get more people to view a

video.

Each of these campaigns can then be optimized towards a

certain bidding type. Depending on the campaign objective

there are different types of optimization strategies.

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For the most part, each campaign type will include the options

for optimizing towards Impressions and Daily Unique Reach.

These are similar in their bidding strategy in that you set a

cost you are willing to pay for 1000 impressions (CPM).

With Daily Unique Reach, your ad is served to as many people

as possible once per day, whereas with Impression

optimization your ad is served as many times as possible with

no frequency caps. Daily Unique Reach is a good strategy if

you have a very targeted audience that you know is very likely

to click.

You can also optimize for your campaign objective. For

example, you might run a campaign around app installs or

website conversions provided that these are your objectives.

If your campaign requires an offsite click on the ad, you can

optimize towards link clicks. The type of optimization you

choose largely depends on your confidence in your ad, the

confidence your potential audience will complete the desired

action and even confidence in your bidding strategy.

Additionally, you can select a billing interval, which is to say

you can select how you’re charged when people complete

your action. For the most part, you can be billed per 1,000

impressions (CPM) or for certain types of campaigns you can

be charged each time someone completes an action (for each

video view or for each link click). You can either set a bid or

have Facebook bid, which is known as “Automatic” bidding.

While every bidding strategy performs differently for

different audiences, here are some basic guidelines to follow

when trying to choose the optimal bidding strategy:

You can read more about bidding strategies here.

Campaign Structure. Facebook’s campaign structure is

similar to Google’s campaign structure in that there are three

levels: Campaign, Ad Set and Ad. There are slight differences

among all three that are important to understand. Campaigns,

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the highest level, are generally a collection of Ad Sets. The

only options available at the Campaign level are to set the

objective, buying type and a campaign lifetime spend limit.

Once set, the objective and buying type cannot be changed.

Nearly everything other than creative is set at the Ad Set

level. Targeting, exclusion, placements, budget and run

schedule are all set at the Ad Set level. The Ad level is simply

used to set creative and tracking options.

Since a campaign usually has several Ad Sets, it can be difficult

to control costs on a daily budget across a campaign, so

something to be mindful of is how your campaign’s budget is

allocated.

You can create a campaign with a single Ad Set, however this

requires you to be very limited in your targeting to preserve

your relevance score. Another option is to set a spending limit

for your account or a single campaign so that your spend

doesn’t exceed a set amount.

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Audience Relevance. One of Facebook’s differentiators is the

amount of data the platform has about the interests and

behaviors of its users. You can leverage that data as well as of

your own to create an audience for your ads. The most

important thing to remember is that part of what controls

how your ads are displayed is something called Relevance

Score which is a blend of user feedback, both positive and

negative.

Facebook is intentionally vague about what is counted

towards feedback but positive comments, likes, shares and a

higher CTR will increase your positive feedback and people

hiding your ads, choosing not to see ads from you and having a

lower CTR will lead to higher negative feedback.

Facebook uses feedback to determine your relevance. For

example, an ad set targeted towards all male Facebook users

is less relevant than an ad set targeted towards male

Facebook users interested in hair products.

Even more relevant is an ad targeting male Facebook users

interested in hair products, between the ages of 25 and 35. A

good rule of thumb is to try to make sure your audience size is

between 50,000 and 100,000 people.

If your audience is too large, consider segmenting into smaller

groups. If your audience is too small, you may be trying to

reach an audience that is too narrowly defined. In this case, we

recommend combining segments together to broaden your

target.

Audience Research. Making sure your audience isn’t too

broad or too narrow is one of the keys to Facebook success.

You can target your ads based on interests, behavior, location,

demographic data and membership in several types of saved

audiences. Facebook has a tool called Audience Insights that is

helpful for understanding how a potential audience is

comprised. (See the Competitive Analysis Playbook section

“Targeting & Personas” for a more in depth guide to leveraging

both FB Graph Search Queries and Audience Insights).

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If you’re not sure who your potential customers are and you

have no existing customers list with which to create a

lookalike audience, the best starting point is Graph Search.

Graph search is a tool that uses natural language queries to

return information from Facebook profiles.

The catch is that there are certain queries that are required to

return the correct search results. This page has a

comprehensive list of graph search commands. One command

the we use often for creating personas to advertise to is

“pages liked by people who like x.” This command returns a list

of pages based on people who like brand x. Taking this list of

pages to Audience Insights can help you construct a user

persona.

In the Audience Insights tool, enter the pages returned by

graph search into the Interests search box on the left rail.

After entering several pages (10+) you will notice that the

demographic results start to shift.

Each graph contains two bars per result. The blue bar is the

percentage of your audience that meets the criteria and the

grey bar alongside is the percentage of the Facebook

audience that meets that criteria. You’re looking for areas

where your selected audience over indexes vs the Facebook

audience as a whole.

One of the more useful sections in Audience Insights is the

“Lifestyle” section of the demographic tab. These categories

are defined by Facebook and the data used to create them

comes from external sources, but these user personas can be

very helpful in making sense of the data presented.

To understand how Facebook defines these audiences more

specifically, this is a great resource.

By default, the personas are ranked in order of how much they

over index from the Facebook audience. If you mouse over

each row, there’s an option to have each persona explained.

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Taking note of these explanations can help you make decisions

about targeting.

The second useful section is the “Page Likes” section where

Facebook breaks down the top page categories (and several

examples of pages from those categories) as well the top

pages liked by your selected audience.

Again, these are ranked in order of how much they over index.

The activity tab can give you a good idea of how likely your

audience is to like pages and interact with posts. The

Household & Purchase tabs are good tools for getting an idea

about the financial situations of your selected audience.

Remarketing. While Audience Insights can help you figure out

new audiences, Facebook also has remarketing capabilities.

Like Google, you can create audiences around customer lists

as well as website traffic (as long as you have the Facebook

pixel installed) and app users.

Additionally, you can create lookalike audiences as well as

similar audiences. Unlike Google, you have a bit more control

over how lookalike audiences are created, how closely they

match the original audience and where the audience can be

used.

You also have the ability to create audiences based on

portions of URLs on your website. Say you host a blog at

“/blog” on your domain. You can target visitors who have

visited a page with /blog in the URL.

Similarly, you can target people who have added an item to a

cart in your shop by targeting URLs that contain “cart” (or

however your cart is denoted in the URL structure). Similarly,

you can create Audiences from email lists or sections of email

lists, though you will have to segment these lists prior to

uploading them to the Audience tool.

You can then create lookalike audiences from custom

audiences created from Web & Mobile traffic and Email lists.

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Like the Google network, you can either target these lists for

remarketing purposes or exclude them from your targeting in

order to make sure you’re not reaching people who have

already clicked or converted.

Finally, there are tools in Ad Management sections to create

save audiences created by ads either to save targeting you

may have created at the Ad Set level or to save an audience of

people who have viewed a video as part of an ad.

Audience Targeting. When you create a campaign and define

an audience, and you have a campaign with several Ad Sets

each targeting several groups of people who may or may not

overlap. When your audiences overlap, Facebook’s Ad

Mediation service can’t decide which one of your ads serve

and one of two things can happen: you can either compete

against yourself, driving your cost up or the service simply

decides not to serve either one of your ads and you lose out

on that impression. This can end up being detrimental to your

campaigns, so it’s a good idea to exclude items that might

overlap in your ad sets.

Placements. You have several options for placements in ads

across the Facebook Network. Some are more native than

others and some have different capabilities than others. Ads

are available in the Newsfeed as promoted Items, on the right

column, on Instagram and on the “Audience Network” which is

a collection of mobile apps that serve interstitial ads.

Newsfeed and Instagram ads are eligible to receive comments

which can help increase your reach, though you do need to

keep an eye on the content of the comments. These ads also

present as more native items in a user’s feed and can be

successful. Right column ads tend to have lower CTRs as

people tend to ignore content on the right column as being ad

content.

Pinterest

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Pinterest’s ad platform supports two types of ad campaigns—

those that drive engagement with your Pinterest content and

those that drive traffic to a website. You pay to promote any of

the pins you have created (or repinned). Creation and

management of the pins is very simple, the only real difference

is in how you are charged. Engagement campaigns are

charged per post engagement (Like, Repin or Close up) and

Traffic campaigns are charged per link click only.

You are typically only charged when someone you targeted

engages or clicks which is the benefit of Promoted Pins. To

illustrate this point further, imagine you are running a Traffic

campaign targeting people who are interested in living room

furniture. If someone you targeting repins your promoted pin,

and you get a click from someone who follows your target, you

will not be charged for that last click (since you did not target

that user).

At one point, this was one of the draws to paid placements on

social media. There was a chance to be rewarded for virality

which is to say that if you promoted content that people

interacted with and shared, you would be rewarded by free

impressions and clicks. However, many social networks have

limited the number of impressions available by people

interacting with and sharing content. Pinterest, on the other

hand, encourages advertisers to create sharable content since

“Earned Impressions” are available in the reporting tools.

Campaign Structure. Pinterest has a two-level Campaign

structure. Campaigns contain one or more ads. Run schedule

and daily budget is set at the Campaign level. Targeting, bid

and creative is set at the Ad level. Unfortunately, if you want

to run two pieces of creative on the same targeting criteria,

you need to duplicate the targeting settings across both pins.

Targeting. Pinterest’s promoted pin targeting system is

similar to AdWords in that it is keyword based with options to

restrict promoted objects to serve only to certain locations,

languages, devices and genders. Since Pinterest is primarily a

discovery platform, the keywords you’re targeting for content

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can be repurposed as targeting for Promoted Pins, or you can

brainstorm new keywords. We should note that Pinterest

doesn’t have a keyword planner or audience tool and keyword

suggestions are based more on word similarity than anything

else.

As you select certain targeting options, you may notice that

your suggested bid window adjusts up and down. Generally,

there are options that will drive suggested bids up such as

choosing to display only to desktop, to men only or by

choosing high cost keywords. Pinterest does not allow you to

bid below the lowest threshold in the suggested bid window.

Pinterest’s reporting system isn’t perfect, but one of its

strengths is the ability to drill down to view a promoted

object’s performance on several different levels including by

keyword, placement or gender. This allows you a clear view of

where your ad is working, enabling you to optimize your

keywords.

Choosing Creative. Since Pinterest Promoted Pins appear

very natively in a rather busy feed, it’s important to do

everything you can to make them stand out. Pin images in the

feed are limited in their width, however you can make them as

long as you want. Using vertical aspect ratio between 1:3.5

and 1:5 on your images can make them stand out in a sea

shorter images. Additionally, using text or logo overlays can

make your image stand out.

Troubleshooting Campaigns

Paid placement campaigns require occasional maintenance

and it can be tough to make sense of the statistics to figure out

where your acquisition funnel is leaking. You can think about

campaign reporting as having two sides: the ad side and the

goal side. Values on the Ad side include Cost, Clicks and

Impressions and typically the only value on the goal side is

Conversions (or video views or app downloads or engagement

depending on your platform/goals).

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There’s one metric to keep an eye on to understand how

people are reacting to your ad: click through rate (or number

of impressions divided by the number of clicks). If you notice

your CTR dropping off, then you know that what you’re

offering to users isn’t compelling enough to click. Likewise, if

your conversion rate (conversions divided by clicks) is low,

there’s likely a problem with your landing page.

Conclusion

Social and display ads are extremely powerful tools for any

stage of growth. Don’t make the mistake of thinking that ads

should come after you’ve achieved product-market fit or

achieved a certain level of growth.

Paid placements enable you to test audiences and messaging

more quickly and efficiently than most other channels. With

the vast amount of data and intelligence available to

advertisers on these platforms, you can speed up your

learnings about your market considerably by running tests,

learning, and iterating.

Even with just a small ad budget, you can use the learnings

gleaned from small advertising tests and apply them to other

parts of your business—helping you drive organic growth as

well.

Other acquisition tactics like SEO and content marketing can

take a significant amount of time before tests are successful or

conclusive.

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