Leveraging Search Engine Marketing Throughout the Buying Cycle
But what about prospects who are, well, a bit lukewarm? Is there
any value in using search marketing earlier in the buying cycle,
before the searcher has their credit card in hand?
Several studies have shown that the answer to this question is a
resounding "yes." This is true whether you're a B2C or B2B
marketer, and whether you're selling paperback books or
technical solutions with a price tag in the six figures.
On the consumer side, an Enquiro study found that the percentage
of people who would use a search engine during the various
stages of the buying cycle are:
- 9% for Awareness
- 68% for Consideration or Research
- 43% for Decision
- 28% for Purchase
Let's look at an example. A consumer who is ready to purchase
might search for "sony ericsson s700i," which is a "brand"
search term. But before he decides that's the type of cell phone
he wants, he might search for a "generic" search term, such as
"mp3 player cell phone." This would be during the consideration
or research phase.
comScore found similar results in research done across several
consumer categories. They found that while consumers using
branded search terms were roughly 30% more likely to purchase
online during that session as compared to searchers using
generic terms, generic terms resulted in the greatest number of
total purchases -- over 60%. This is simply because many more
people use generic terms. A majority of searchers never use
brand terms; instead, they rely only on generic terms.
What is the key takeaway for B2C marketers? You need to be
visible on search engines throughout your customers' buying
cycle. If you're only found when they're ready to purchase - if
you're only visible on brand search terms -- you are probably
missing opportunities.
Let's turn our attention to business-to-business marketers. Do
the same rules apply here? Absolutely. Not only did Enquiro find
that 95% of corporate purchasing agents use the web to research
products and services before selection, but they also found that
64% said a search engine would be the first place they'd turn
early in the buying cycle.
This is a typical buying cycle for a business buyer:
- Needs identification (I have a problem - is there a solution
available?)
- Requirement specification (What type of solution best fits my
problem?)
- Research & evaluation (Which brand of solution best fits my
problem?)
- Selection (Where will I buy the brand that I've chosen?)
The buying process can be more complex on the business side
since there's often more than one person involved in the
decision. Savvy marketers will not only try to hit each stage of
the buying cycle, but they'll also try to reach each person
involved in the purchasing decision.
Often, the person feeling the pain in the organization is not
the ultimate decision-maker. However, this person is important
because he is the one who identifies the problem, researches
solutions, and usually "sells in" the chosen provider or brand
to the ultimate decision-maker. This influencer's searching
behavior will most likely be quite a bit more in-depth than the
decision-maker's, spanning a lengthier period of time throughout
the process.
The decision-maker may only run a few quick searches on the
chosen provider's company or brand name in order to do a
credibility check. And, since 55% of web users (business or
consumer) expect to find top brands in the few top search engine
results, you'd better ensure that you're easily found by the
decision-maker who's performing her due diligence.
What is the key takeaway for B2B marketers? Like B2C marketers,
you need to be visible on search engines throughout your
customers' buying cycle. There is also an additional level of
complexity in that you must be found easily by different people
involved in the buying process, each of whom may be searching
with different agendas.
Finally, let's talk timing. On the consumer side, comScore found
that only 15% of people made a purchase online in the same
session in which they began a search. This means that 85% of
purchases occurred later, with nearly 40% of all purchases
occurring between five and 12 weeks after the first search was
conducted.
On the business side, Enquiro found, not surprisingly, that the
budget for the particular item affected the length of time
between the search and the purchase date. More than 80% of items
with a price tag of less than $500 were bought within a month of
the search date. However, 89% of items with a price tag of more
than $50,000 took place between one and 12 months after the
initial search date.
What is the key takeaway for all marketers? As wonderful as web
analytics software can be - especially the packages that can
trace online conversions back to their search engine sources -
their data will be incomplete due to the lag time in the buying
cycle. Yes, set your cookies with as long an expiration date as
you can, but recognize that you're getting more sales from
search engines than your software is able to measure.
One last point is worth mentioning. Both consumer and business
buyers doing online research early in the buying cycle will,
ideally, learn about your brand during this process. Some of
them will come back later to the search engines and search for
your specific brand in order to determine where to buy. So over
time, your presence on generic search terms will increase the
number of searches run on brand search terms. Your search
marketing campaign will, in effect, create brand awareness. With
the proper analytics tools in place, you can measure this aspect
of brand awareness and watch it grow along with your sales.
Sources:
- Enquiro, "Inside the Mind of the Searcher," 2004
- Enquiro and MarketingSherpa, "The Role of Search in
Business to Business Buying Decisions," 2004
- iProspect survey, 2002
- comScore study released December 13, 2004
About the Author: Atlanta SEO pro Stacy Williams is
Founder and Managing Partner of Prominent Placement, Inc., an
award-winning Atlant
a search engine marketing firm. With an extensive background
in Internet strategies and tactics, she offers her clients
cutting edge solutions that are always rooted in sound planning
and implementation. She has nearly 20 years of experience and
education in marketing. She has overseen web site development
projects and traffic generation campaigns since 1995, and
specialized in web site optimization since 1998.
A founding member of the Search Engine Marketing Professional
Organization (SEMPO), the Technology Alliance of Georgia and the
Atlanta Interactive Marketing Association, Stacy Williams is a
frequent lecturer on Internet marketing. She has written
articles for Digitrends, SEO Today, Competitive Edge and
iMarketing News.
About the author:
Atlanta SEO pro Stacy Williams is Founder and Managing Partner
of Prominent Placement, Inc., an award-winning Atlant
a search engine marketing firm. With nearly 20 years of
experience and education in Internet strategies and tactics, she
offers her clients cutting edge solutions that are always rooted
in sound planning and implementation.