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Kelsey Analyst Abid Chaudhry teams up with Digital Marketing & eCommerce Consultant Janelle Laguette and Invoca CMO Eric Holmen. Learn how to maximize your paid search efforts and close the loop on conversions with call based intelligence.
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Bridging the Paid Search GapWEBINAR:
April 2, 2014
2© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Overview
Introductions
The Paid Search Landscape
The Business of Calls
The Problem of Call Attribution
The Solution – Inbound Call Tracking
And now, speaker introductions
We’ll be tweeting during the webinar - join the discussion and send us questions!
@Invoca #PaidSearchGap
3© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Introductions The Paid Search Landscape
The Business of Calls
The Problem of Call Attribution
The Solution – Inbound Call Tracking
4© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Meet the Panelists
ABID CHAUDHRYSenior Director of Industry Strategy & Insight, BIA/Kelsey
Expert on local media and advertising
Worked with small businesses and publishers to create new, innovative ways to advertise and market local products and services online
Held various roles within local media companies, focusing on product management, marketing and strategy
Managed both $100M+ product portfolios and fledgling startup businesses
5© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Meet the Panelists (continued)
ERIC HOLMEN
CMO, Invoca
20+ years experience in SaaS Digital Marketing
Former SVP of Marketing & Sales at Silverpop, President & CMO at SmartReply
Multiple patent holder for marketing processes and innovations
6© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Meet the Panelists (continued)
JANELLE LAGUETTE
Digital Marketing & eCommerce Consultant
Digital Marketing & eCommerce Consultant
10+ years in Digital Marketing
Former Director of Search & Strategic Marketing at Citrix
Member Google Tech Council
7© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
About BIA/Kelsey
Information on the Market Industry and Market Forecasts, SMB
Research, Consumer Studies, Market Data
Information on the Competition Competitive Intelligence
Innovation & Best Practices Reports, Advisory, Conferences
Insights & Analysis Concierge Service, Advisory & Custom
Research
Funding Investment Banking & Mezzanine Funding
Delivering Services That Drive Growth & Revenue
RESULT
Accelerating our clients’ business growth & financial bottom line
8© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
About Invoca
Integrated & Partnered with Leading Technology Solutions, Including:
Hundreds of Customers, Including:
Invoca is the Leader in Inbound Call Intelligence Helping marketers connect the dots between online and offline activity, so they can make more informed decisions and better optimize their marketing spend
9© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Introductions
The Paid Search Landscape The Business of Calls
The Problem of Call Attribution
The Solution – Inbound Call Tracking
10© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Mobile Searchers Mean Business
11© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
DESKTOP
MOBILE
Projected Search Growth for 2014
+84%
-2.4%
12© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Source: Google Adwords, Sept. 2013
Purchase Immediacy Key in Mobile Search
55%
70% of mobile searchers report they click to
Among purchase related conversions that result from mobile search,
happen within an hour of the initial search
call directly from the mobile search results page on their device
13© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Introductions
The Paid Search Landscape
The Business of Calls The Problem of Call Attribution
The Solution – Inbound Call Tracking
14© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Inbound Phone Calls Significantly More Valuable Than Clicks
Calls convert at a much higher rate than clicks and at a higher average order value
1-2% of clicks convert to customers
30-50% of calls convert to customers
Education
Home services
Insurance
Financial Svcs
$100+
$5-$10
$50-100
$3-$5
$50-75
$2-$4
$30-50
$1-$3
Source: Google, 2012; Invoca, 2013
What Advertisers Are Willing To Pay For CALLS vs. CLICKS
15© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Introductions
The Paid Search Landscape
The Business of Calls
The Problem of Call Attribution The Solution – Inbound Call Tracking
16© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Customers Are Calling. How Does Marketing Measure Them?
How do you know which keywords, media & purchase paths are delivering the best inbound phone calls?
How would you know a qualified phone call from an unqualified one?
Can you differentiate between customers needing support & buyers looking for information as a call is coming in?
17© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
A Marketer’s Current Toolset
$300 Billion +online/offline ad spend driving
30 Billion +inbound sales calls toFortune 5000 advertisersand SMBs
Bid Management Tag ManagementGoogle AdWordsAnalyticsMarketing AutomationCRM
Track ONLINEEfforts
18© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Frequently
Occassionally
Rarely
No
Not sure
0% 10% 20% 30% 40% 50%
46.3%
28.3%
12.3%
10.6%
2.5%
Track Sources of Business Leads
Source: BIA/Kelsey Local Commerce Monitor™ (LCM) Wave 17, Q3/2013 (and prior waves, if relevant). Methodology: Online panels. Q204. Sample Size = 494
19© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Source: BIA/Kelsey Local Commerce Monitor™ (LCM) Wave 17, Q3/2013 (and prior waves, if relevant). Methodology: Online panels. Q204. Sample Size = 568
Quality Assessment of Lead Sources
Calls Online Form SEM0%
20%
40%
60%
80%
100%
33.6%41.8%
64.3%
38.4%
38.7%
22.5%
28.0%19.5%
13.2%
Poor/Fair/NA Good Excellent
Excellent
Good
Fair/Poor/NA
20© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
1 in 5 Calls is High Quality. Advertisers Need to Know Which Ones.
% of calls from search for a typical business
21%
52%
8%
19%
Accidental Call
Short Sales Call
Call with basic information
request
InvocaClients Have
Similar Patterns
Call with Basic Information Request High-Quality
Sales Call By a New Lead
Source: BIA/Kelsey 2012
21© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Introductions
The Paid Search Landscape
The Business of Calls
The Problem of Call Attribution
The Solution – Inbound Call Tracking
22© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Call Tracking & Analytics
Programmatic Marketing Automation
Integrations & Synchronizations
Expanded Channel Distribution: Get More
Four Key Components:
23© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Knowing precisely where calls come from – which exact keyword, ad, channel, and content – and knowing who the buyer is in their purchase path.
More than call tracking – marketing analytics.
ATTRIBUTION: Call Tracking & Analytics
Four Components of Value
24© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Optimizing to Death… Literally
AFTER INBOUND CALL INTELLIGENCE Revisited old pruned keywords Found some where MORE valuable
because they were generating inbound calls, but disappearing from search
Returned an immediate pipeline to sales
BEFORE INBOUND CALL INTELLIGENCE Tracking tens of thousands of keywords
and long-tail keywords, with phone number in ad
‘Pruning’ keywords when they don’t perform
Largest tech company in their category: heavy Salesforce.com users
25© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
How It Works: Pre-Call
Buyer searches a keyword.Google search ad appears with a unique Invoca number populated directly into the ad.
Call
Invoca inbound calls 888-675-2007 1
2
3
26© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Once a call starts heading into the funnel over Invoca, we derive and apply data, run data-dips, score the call, and determine optimal routing rules.
After the call, we run re-targeting online based on the call disposition – true multi-channel real-time automation.
INTELLIGENCE: Programmatic Marketing Automation
Four Components of Value
27© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Who Gets the Call?
AFTER INBOUND CALL INTELLIGENCE Callers are filtered for quality and intent Calls are handled differently depending
on hours, geographical location, user profile
Best callers speak to sales, faster
BEFORE INBOUND CALL INTELLIGENCE All calls transferred to main switchboard Delays while caller listens to menu options Unqualified callers waste time of sales team
Real-time filtering & routing to match the right callers with the right recipients
28© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Integrated natively, off-the-shelf APIs, and custom APIs, Invoca delivers two-way integrations with the widest set of marketing automation, CRM, and marketing technology partners to complete our customers true multi-channel marketing.
INTEGRATIONS: CRM, MA & Analytics
Four Components of Value
29© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
How It Works: In-call
Real-time scoring integration and routing inbound calls
Scoring Detailed Data Additional
Qualification
Salesforce Marketo Eloqua Tealium Ensighten Marketing Tech
Sync Integrations With:
Routing to the Right Destination
mill
isec
onds
for
the
com
plet
e te
ch p
roce
ss
Marketer has visibility into the entire process to make informed decisions how best to optimize their marketing/advertising spend to drive more, better inbound calls.
How It Works: Post-call
30© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Beyond Keyword Tracking…
Completely optimize your Marketing Automation with custom parameters to follow your users across their entire journey
31© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Over 60,000 publishers already on the platform creating quality inbound calls for advertisers.
We connect the advertiser to the distribution partners.
EXPANSION: Channel Distribution
Four Components of Value
32© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Inbound Call Revenue Calculator
???
33© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Inbound Call Revenue Calculator
34© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
How much potential value from inbound calls are you missing?
Visit www.invoca.com to request a demo or call (877) 503-2439.
Your Turn to Try
Invoca Inbound Call Revenue Calculator:
http://www.invoca.com/paid-search-gap
35© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
Engaging Going Forward
Upcoming Research & ActivitiesU.S. Local Media Forecast (2014-2018)
Comprehensive, 5-year view of the local media landscape
LEADING IN LOCAL: The National Impact - Atlanta | May 7-9 Examine the latest innovations and digital strategies for targeting local markets
and customers
Save $200 on registration with code: SEARCH
GROUNDBREAKING EVENT FOCUSED ON National Brands.
Local Marketing.
Visit www.biakelsey.com to view recent research, reports and upcoming conferences or call (800) 331-5086.
36© 2014 BIA/Kelsey. All Rights Reserved.@Invoca #PaidSearchGap
How much potential value from inbound calls are you missing?
Visit www.invoca.com to request a demo or call (877) 503-2439.
Q&A
Invoca Inbound Call Revenue Calculator:
http://www.invoca.com/paid-search-gap
THANK YOUAbid ChaudhrySr. Director, Industry Strategy & Insight
BIA/Kelsey
Eric HolmenCMO
Invoca
Janelle LaguetteDigital Marketing & eCommerce Consultant