ADWORDS GAMECHANGER: What are your Competitor’s Gamechanger Keywords
How to Judge the Value of a Keyword
How much is a keyword worth to your website? If you own an online shoe store, do you make more sales from visitors searching for “brown shoes” or “black boots”? The keywords visitors type into search engines are often available to webmasters, and keyword research tools allow us to find this information. However, those tools cannot show us directly how valuable it is to receive traffic from those searches. To understand the value of a keyword, we need to understand our own websites, make some hypotheses, test, and repeat—the classic web marketing formula.
|A basic process for assessing a keyword’s value|
Is the keyword relevant to your website’s content?
Is it obvious to the context?
How have you figured out the first layer and critical 2nd tier of keywords that Google award positive marker and scores to?
Will searchers find what they are looking for on your site when they search using these keywords? Will they be happy with what they find? Will this traffic result in financial rewards or other organizational goals? If the answer to all of these questions is a clear “Yes!” then proceed …
Search for the term/phrase in the major engines
Understanding which websites already rank for your keyword gives you valuable insight into the competition, and also how hard it will be to rank for the given term. Are there search advertisements running along the top and right-hand side of the organic results? Typically, many search ads means a high-value keyword, and multiple search ads above the organic results often means a highly lucrative and directly conversion-prone keyword.
Buy a sample campaign for the keyword or buy inside view of competitor ranking here.
If your website doesn’t rank for the keyword as well as your competitor it is because their keyword group is stronger than yous. You can nonetheless buy test traffic to see how well it converts.
For a general view in Google Adwords, you can also choose “exact match” and point the traffic to the relevant page on your website. Track impressions and conversion rate over the course of at least 200-300 clicks.
But this isn’t about groping around in the fog… general views are not clear indicators that will change your game.
Using the data you’ve collected, determine the exact value of each keyword
For example, assume your search ad generated 5,000 impressions in one day, of which 100 visitors have come to your site, and three have converted for a total profit (not revenue!) of $300. In this case, a single visitor for that keyword is worth $3 to your business. Those 5,000 impressions in 24 hours could generate a click-through rate of between 18-36% with a #1 ranking (see the Slingshot SEO study for more on potential click-through rates), which would mean 900-1800 visits per day, at $3 each, or between 1 and 2 million dollars per year. No wonder businesses love search marketing!
Even the best estimates of value fall flat against the hands-on process of optimizing and calculating ROI. Search engine optimization involves constant testing, experimenting, and improvement. Remember, even though SEO is typically one of the highest return marketing investments, measuring success is still critical to the process.
Understanding the Long Tail of Keyword Demand
Going back to our online shoe store example, it would be great to rank #1 for the keyword “shoes” … or would it?
It’s wonderful to deal with keywords that have 5,000 searches a day, or even 500 searches a day, but in reality, these popular search terms actually make up less than 30% of the searches performed on the web. The remaining 70% lie in what’s called the “long tail” of search. The long tail contains hundreds of millions of unique searches that might be conducted a few times in any given day, but, when taken together, comprise the majority of the world’s search volume.
Another lesson search marketers have learned is that long tail keywords often convert better, because they catch people later in the buying/conversion cycle. A person searching for “shoes” is probably browsing, and not ready to buy. On the other hand, someone searching for “best price on Air Jordan size 12” practically has their wallet out!
Understanding the search demand curve is critical. To the right we’ve included a sample keyword demand curve, illustrating the small number of queries sending larger amounts of traffic alongside the volume of less-searched terms and phrases that bring the bulk of our search referrals.
Competitor beats you to the punch – no more!!
Yep so you know your immediate competition and they aren’t as smart as you but they seem to get top slots …. how do they do it?
Finding the key to their success can be done in a number of ways.
Email me here for more info and comp busting tips.