|
|
Search Insight for Professionals
-
I note from the Convera sponsored
E-consultancy survey of professional search behavior, titled the "Vertical
Search Report 2008", that Google is particularly dominant amongst those who use
Web search a lot. Business people who use Web search engines between 1 and 5
times per day, according to the survey, are more likely to use Yahoo! or a
vertical search engine from a B2B website. Google only ranks third amongst this
group. In contrast, professionals who deploy more than 20 Web searches per day
almost always use Google.
One interpretation of this result could
be as follows: The people who search more than 20 times a day are likely to be
involved in some kind of internet marketing activity, where Google is centric to
their business, be they an advertiser, publisher, SEO practitioner or other kind
of internet marketer. The people deploying 1 - 5 searches a day may be a more
diverse group of professionals whose world does not revolve around the Web.
They are a more likely target audience for specialist vertical search plays, who
will likely find encouragement in these numbers.
A free copy of the full Vertical Search Report 2008 can be
downloaded here
|
-
With Microsoft buying a slice of Facebook, News Corporation owning MySpace (and rumoured to be bidding for LinkedIn) and Google announcing OpenSocial and releasing API's for building applications across Bebo, Engage.com, Friendster, LinkedIn, mixi, MySpace, Ning, Oracle, orkut, Plaxo, Salesforce.com and XING - what's going on?
Microsoft, Google and News Corporation have realised that as audiences, content, desktop, devices and distribution fragments and atomises - the current natural law that entry into the Internet is via "search" is being displaced - and if audiences choose alternative ways to use the Internet for work and play it threatens their advertising revenue streams.
This represents a tremendous opportunity for B2B publishers who serve niche professional audiences - and one only has to look at Murdoch buying Dow Jones to see a rationale whereby LinkedIn is integrated as a business social network into the Dow Jones portfolio with Factiva being used for "professional" web search - the same model could be applied for B2B publishers - develop a vertical search capability and then create a vertical search toolbar / widget that can be easily distributed into all the social networks - the widget could also contain additional tabs that include additional content like editorially vetted RSS feeds, workflow tools etc.
|
-
Following on from yesterday's article about the use of private data in the targeting of advertising, the EU it seems now want to take an interest in how advertising systems use private data to boost online advertising revenue. A part of the European Union that regulates the protection of consumer data is to begin investigating BT, reports Reuters
Further information can be found at MediaPost
|
-
For anyone who has read John Battelle's "The Search", it will come as no suprise that the big search players like Google might consider using any data they can get their hands on to fine hone the targeting of advertising to increase their online advertising revenue. One of the primary reasons for the success of search advertising is that a search requests represents a very easy to use nugget of information for targeting advertising. Elsewhere on the web, there is discussion of this story being significant because it may represent a breach of Facebook terms of service, see for example an article at Marketingvox. However for me, there is a broader question to debate here. Behavioural targeting is known to be effective at increasing click though for the advertiser and yield for the publisher. From a strictly legal viewpoint, one imagines that professional companies are, by and large, ensuring that they get the small print right, and have whatever permissions law deems applicable to reuse data gathered about their users. So far, there is little or no sign of the use of BT upsetting the masses, but as stories like this one start to appear in ever greater numbers, there may come a point at which the sentiments of the masses turns against its use. If the masses turn, advertisers, with all of their brand sensitivities, will quickly try to distance themselves, and in the end, they pay the bills. BT is in some ways a proxy for a good, solid audience demographic profile, such as those traditionally served by professional publishers, bot B2B and B2C. Publisher's can offer their advertisers the best of both worlds if they combine their great demographics with vertical search for their speciality.
|
-
Google’s newly announced open social networking platform OpenSocial is a set of API's that allows developers to create applications that work on any social network that joins Google’s open partnership – newly announced members include Orkut, LinkedIn, MySpace, hi5, XING, Friendster, Plaxo, Ning, Salesforce.com and Oracle.
This strategy follows Facebook’s rapid growth based on opening its “social graph” to developers and Microsoft’s $240 million investment for 1.6 percent of the company. However, unlike Google, Facebook doesn’t open its API’s to support other social networks.
For Google, the economics of facilitating open source API’s is simple - more applications, means more users, which means more searches, leading to more ad revenue. Facebook may have the early lead, but OpenSocial applications will be easier to develop than Facebook applications (HTML vs FBML) and will also work across a range of social networks. Google’s strategy will be to integrate its AdSense and DoubleClick advertising services based on utilising the OpenSocial API's that work across all the partner social networks. This will challenge the advertising strategy of Facebook, which is developing a behaviorial targeted ad service. OpenSocial could create an identity layer for the Internet–with user profile data, relationships, social graph, community, group and brands easily transferable between “play” and “work” social networks.
B2B publishers should be concerned that their print communities don’t become social networks for the OpenSocial partnership to target as they migrate online – otherwise what is their future? B2B publishers can fight back with an integrated platform of print, events and online with vertical search as a key integrated component to boost their online advertising revenue.
|
-
Outsell Inc, the leading analyst of the publishing and information industry, has just named Convera as one of five rising stars in the Search, Aggregation & Syndication segment in its influential and highly regarded Information Industry Outlook for 2008. The Outsell annual Outlook draws extensively from Outsell’s unique industry metrics and analytics, as well as Outsell’s daily contact with people in the information industry and deep industry experience of their analytical staff. Their data and business intelligence assets include details of over 7,000 industry firms that create and aggregate information and make it commercially available online or offline inclusive of all business models and content types. They also track and analyses the three major markets for information: end users, enterprise buyers and advertisers.
Outsell said "With literally hundreds if not thousands of start-up companies all clamoring to displace Google from the No. 1 spot, the pool of potential "Rising Stars" is deep. Outsell identifies five companies that, though they have had success on their own, are equally important for the trend they represent. This year’s five rising stars are: Answers, Baidu, ChaCha, Convera, and Rollyo.
Answers is looking to take the market beyond search
Baidu represents one of the best performers in China
ChaCha tackles search with an army of 30,000+ virtual guides
Convera is remaking itself into a dominant player in vertical search
Rollyo is one of several companies that allow users to limit the spectrum of their search to a narrowed list.
|
-
The New York Times is to stop charging for access to articles on its site, opting for generating money through advertising instead.
The newspaper says that there is a "greater potential for revenue from online advertising", via search engines and links from other sites.
The subscription service, called TimesSelect, required readers to pay $49.95 per year or $7.95 a month to read the work of popular columnists such as Thomas Friedman, Maureen Dowd and Paul Krugman.
Now, the entire site will be accessible for free, including archives from 1987 to the present as well as those from 1851 to 1922.
The paper added that some charges will remain for archival work between 1923 to 1986.
The newspaper said the TimesSelect program had met targets by drawing 227,000 paying subscribers and generating about 10 million dollars a year in revenue.
So the big question is how soon will the Murdoch owned Wall Street Journal following suit?
|
-
The leading analyst firm Outsell is forecasting a major crossover in 2009 – they are forecasting that B2B trade publishing print revenue will have fallen to 34.3% of total revenue, lower than revenue generated from online products (38.6% of total revenue) for the first time ever.
They are also forecasting the growth rates for 2009 compared to 2008 to be -2.0% for print and 13.0% for online. Outsell's underlying growth rates for B2B trade publishing online revenues as: 22.5%, 17.0%, 13.0% and 10.0% for the years 2007, 2008, 2009 and 2010. Outsell's underlying growth rates for B2B trade publishing print revenue are: -5.0%, -2.0%, -2.0% and 0.0% for the years 2007, 2008, 2009 and 2010. Outsell’s view of 2010, shows a mix of revenue sources, lead by online at 40.2% of total revenue; print at 32.6%; and events at 27.2%.
|
-
As the growth of media channels proliferates, the reputation of governments, businesses and brands can quickly be affected by negative coverage in the press and online media.
But the links from authoritative sites generated by such stories create search engine optimisation opportunities.
As we all know, links play a very important role in determining positions in the search engine results and the more inbound links from authorative sites, the higher the rankings - so any serious SEO campaign will have a significant effort in link building.
The recent Mattel story regarding the retailing of dangerous toys from China created a huge amount of negative coverage for Mattel, but many of the links came from authoritative news sites from around the world. But Mattel have used e-PR and SEO very effectively - consumers are blaming China, not Mattel. Indeed, the sentiment towards Mattel management is becoming positive, due to the way the crisis was handled.
The Google relevancy algorithm assumes that an authoritative link makes a company/business "trustworthy" - Google cannot determine the difference between positive or negative sentiment. However, negative stories are damaging if they appear in keyword search results.
But savvy marketeers can use the elevated negative ranking to great effect - by using a press page and RSS to push out "positive" sentiment and utilising blogs, sub-domains and alternate corporate sites - the negative enhanced ranking can be topped up by "positive" stories that drown out the negative items, and as users tend to only look at the first page of search results, "negative" sentiment can be quickly buried.
So, in the future governments, businesses and individuals may need to consider using PR and SEO as an integrated strategy - SEO can also be used as a radar determining via keyword research what negative phrases could be used against you.
So what does all this mean?
Authoritative news sites are popular and any news story negative or positive will bring a spike in web traffic. News stories spread. Other media comment on the story, and blogging creates instant reaction - these together provide links. The resulting links influence Google results and will send a story up the search engine rankings.
So when a negative story breaks about your company, do the SEO work on your website to make sure that your "positive" story appears in search engine results. Monitor the appearance of negative stories in search engines results, particularly for your main keywords where their appearance in the results can do you most damage.
Then get your PR team to brief journalists, issue statements, use RSS and blogs ensuring the "positive" keywords are reiterated as keywords that will help the crawlers index the stories so they are found on Google – as a result the "negative" gets buried, the "positive" sits on top of the enhanced linking - more people will read the story and more journalists/bloggers will pick up on the "positive" story.
Google will not change its algorithm to differentiate between good or bad.
As the Chinese say, "Turn poison into medicine"
|
-
Another blog was applauding
Google Universal Search today and again I noticed several references to vertical
search. While I too have to congratulate
Google on their universal approach to search, we should all be clear that
Google Universal is anything but vertical search. Google aggregates a myriad of different
sources, not just different media types but broad topics across many silos, and
they have been good at indexing them and making them available to searchers. But Google Universal is far too broad in its
subject matter—in fact it defines the term broad when it comes to search—to
offer any of the merits of a true vertical search experience. Vertical search is defined by what it does
not offer as much as what it does.
Vertical search is the fastest growing tool for professional searchers
and specialty publishers of content because it does not serve up broad subjects
across multiple silos. Vertical search
defines an authoritative subset of web and proprietary content and
intelligently indexes it against a vernacular from the industry. What you don’t get is the fluff. No link farms, no spamdexing, no click fraud,
no 140 billion pages of irrelevant links.
What you do get is a concise page of organic results focused on one
specialty. And if it’s good vertical
search you will also get related concepts and keyword disambiguation from a
semantic back end. But the universal term
itself implies the opposite of vertical.
Universal is great for researching your next meal but not much help if
you are trying to diagnose a patient who happens to be sitting in front of
you.
|
-
Research released by Ofcom, the UK media regulator showed UK online ad revenue surpassed ITV1 and Channel 4's combined ad sales last year, as internet consumption ate into TV audiences.
Google’s UK turnover of £800m was equivalent to 80% of ITV1, Channel 4 and Five’s total ad revenues. But while TV ad revenues fell 2.2% last year to £3.47bn, earnings from TV subscriptions, like Sky TV, exceeded £4bn.
These findings are consistent with other industry research and confirm UK consumers’ and advertisers' gradual shift away from traditional media. The amount of time consumers spent watching TV fell 4% between 2002 and last year, while radio listening dropped 2%.
The Ofcom report also highlighted the increasing use of digital video recorders, saying that of the 15% of all UK households who use them, 78% said they used the devices to skip commercial breaks.
Ofcom said eBay was still the most popular UK web destination, although Bebo, MySpace, Facebook and YouTube were all in the Top 10 sites by time spent.
Facebook is developing a new advertising platform to deliver video, display and contextual ads based on behavourial targeting to its 40m members. The Wall Street Journal reports that the system is the social networking site’s “top priority” and will show display ads as banners in members’ pages, while brands will bid for keywords via a PPC system similar to Google Adwords. Analysts suggest this will allow Facebook to raise its current average $10CPM rates to $15CPM .
In response Google is launching in-video ads on YouTube. Google has been testing several ad types on YouTube over recent months, and has finally opted for animated overlays, rather than the pre-roll format that has been adopted much more widely by other video content providers.
The ads will appear in the bottom 20% of the screen 15 seconds after a viewer starts watching a clip, offering them the option to see a commercial while the video is paused. If the viewer doesn't click on the ad, it disappears within 10 seconds.
Google has previously expressed fears that pre-roll ads could damage the user experience to the 130m YouTube user community, and says results of the in-video trials have been promising. Google is also considering introducing an advertsing revenue share model for the video content - to drive new content creation.
eMarketer recently predicted that $775m would be spent on video advertising this year, up 89% from last year, and the market will have grown to $4.3bn by 2011
This further fragmentation of traditional media to lifestyle niches is good news for B2B and STM publishers - advertisers need to find stable, affluent and influential audiences.
Another area of media fragmentation is the growth of interactive video games - advertisers should consider brand messages in video games, provided they do not spoil or interrupt the overall gaming experience. According to new research conducted by CNET Networks UK for the Internet Advertising Bureau (IAB), the majority of gamers see and accept advertising as realistic – a replication of the real world, representing a large untapped opportunity for many publishers and advertisers.
The survey of 3,575 UK-based gamers found 52% have seen an in-game advert in the past 12 months, a third (33%) said they would be ‘quite’ or ‘very likely’ to buy a product they had seen advertised while playing, and 40% of respondents said that adverts added realism to a game.
Overall, of those respondents who said they had seen adverts in a game, two-thirds (64%) reported that they felt positively towards the brand.
More than a quarter (27%) do not consider interacting with a brand while playing a game for example, drinking a can of Red Bull to increase the energy of a character – as advertising. Furthermore, 17% do not perceive brand names that are shown in games as advertising.
Both results highlight an uncertainty among gamers about what is advertising and what is placed simply to add realism, the report said. Mind you, would Coca Cola want Coke billboards in "Grand Theft Auto"?
73% do not have a negative opinion of in-game ads provided that the placements are realistic, contextual to the game and non-interruptive to game-play.
The majority (86%) of respondents said they would welcome an increase in advertising if it meant a reduction in the purchase price of a game.
Only 14% of respondents said advertising spoils the gaming experience.
The study was conducted by GameSpot UK, CNET Networks UK’s market-leading site for UK gamers. The gamers in the study were 98% male, with 44% aged between 13 and 18, 32% aged 19 to 24, and 17% aged 25 to 34. The vast majority of respondents were multi-platform gamers using a PC in conjunction with one or more consoles.
Of time spent gaming, 52% spend 10 or more hours gaming each week. More than one in four game for more than 15 hours per week, while a third (32%) play for five to 10 hours a week. Gamers are increasing the time they spend with consoles at the expense of other forms of media including TV, radio, print and even other digital activity.
76% of respondents said they watch less TV as a result of gaming. Gaming also displaces other activity – 37% listen to the radio less, 34% read less print media, and 28% go out less.
Two thirds of respondents now play online games at least two hours per week, 40% play online games for at least five hours per week and one in five (21%) play online games for at least 10 hours per week.. For many, gaming is their principle leisure activity and more than half (58%) are gaming more than they did a year ago.
The survey of 3,575 gamers took place on the GameSpot UK (www.GameSpot.co.uk) website over three weeks in June and July 2007. All respondents to the survey were based in the UK.
GameSpot UK attracts 2.8 million unique users, 60.1 million page impressions and is the first UK gaming site to audit its 2.7 million video streams (source: ABCE March 2007).
However, advertisers and media buyers will need to assess the discretionary purchasing power of a transient audience of 2.8m UK males aged 16-26....sounds a good market for cider, pot noodle and pizza!
|
-
Search arbitrage is annoying and just another reason why
professionals are leaving the broad consumer search engines for vertical
search. The Search Anywhere
Blog tipped me off this morning to a concise YouTube clip showing how
search arbitrage works in Google. When
we hear professionals who use search as part of their daily business complain
about the wasted time associated with consumer search, it is things like this
and link farming that they are usually most annoyed by. The video points out that the embedded links
are encrypted so the consumer engines do not detect this type of hijacking of
results but I think it is far more sinister than just that. The big engines can’t detect an encrypted
link? And do the ad word driven consumer
engines really mind this type of redirecting?
So much so that they are actively changing their algorithms to detect
and stop it from happening regularly? I
don’t think so because even this irritating type of search engine marketing and
optimization drives ad word revenue for the big engines. Do they care about quality results more than
meeting aggressive ad word revenue targets?
The problem is a chicken-and-egg situation. The big engines got big with good
results. Now that they are big and the
daily users are addicted like rats on crack, result quality as a priority can
easily be replaced with revenue targets.
Sadly, it’s all about the ads now at the expense of relevant
results. But vertical search is driven
by relevance and authority first which in turn are leveraged to drive a much
higher CPM rate to a much more sophisticated demographic. Quality drives margins up; the rest is just a
numbers shell game to hijack your eyeballs for a couple of seconds.
|
-
It seems the
blogs are buzzing about “blended vertical search” after a packed house at this
year’s Search Engine Strategies Conference (SES) in San Jose.
But we need to be very careful as we all buzz about blended vertical
search that we get our meanings and definitions right. Blending results across multiple disparate data
sources to provide focused results is one thing. And a good thing if done properly. But blending in search results from other
sources not focused on the specialty of the vertical is just moving back to
broad consumer search. Maybe we should
call that kind of blending Watered Down Vertical Search (WDVS). If you take a focused specialty search engine
and “blend” in other results not specifically related and authoritative, you
are no longer vertical. So let’s all
take blending with a grain of salt. We’ll likely see good blending at first and then
everyone will realize they can mash up all kinds of results and we’ll be back
to where we were last year with consumer search—irrelevant results that waste the
professional’s time.
|
-
Three leading B2B trade companies have recently issued trading updates and quarterly results, and reported that online is delivering strong growth rates.
The Haymarket Business Media division of Haymarket Group reported 2006 online revenue growth of 41%; Centaur Media plc online is growing at an estimated 30%; and TechTarget reported second quarter 2007 online revenue grew 27%. All three exceeded Outsell's benchmark total average B2B Trade Publishing online revenue growth rate of 22%.
Online revenue can no longer be viewed as the troublesome junior partner to print revenue. It is becoming a major contributor to total company growth.
Centaur's estimated 2006 total revenue is GBP 82.3 million, ($167 million), with online revenue making up 19%. Therefore 30% online growth adds 5.7% to total company growth, or nearly half of the reported top line 12% revenue growth.
TechTarget reported second quarter revenue of $25 million and online accounted for 66% of that revenue. The 27% online growth rate equates to 17.8% growth contribution to the total company. That's practically all of the company's topline growth of 19%, indicating very slow growth for events and print at TechTarget in the second quarter of 2007.
In Outsell's Publishers and Information Providers market size and share database, preliminary results show that in 2006 in total for the $20 billion B2B trade publishing market:
- print revenues fell 3.6%
- online revenue grew 22%
- events grew 6.7%.
By comparison, these three companies all surpassed Outsell's benchmark average online growth rate for this segment. In Outsell's preliminary benchmark splits for the share of total revenue from different media, print accounts for 44.7%, online 28.3% and events 27% of the total 2006 B2B trade publishing revenue.
Online is now bringing in a bigger share of B2B trade publishing revenue than events.
Outsell's data shows that in 2006, total B2B trade publishing revenue growth was 5.5% to $20.0 billion. The 5.5% consisted of negative 1.8% hit to total growth from print revenue declines (48.9% of total revenue in 2005, that fell 3.6%), exactly offset by 1.8% contribution to total growth from events (26.7% of total, that grew 6.7%). The net 5.5% total growth was from the 24.4% of total that was online in 2005 growing 22.3%, equal to total net company growth.
|
-
A Q&A
with Steve Ennen of American Business Media August 7, 2007
Steve Ennen is Vice President of
Digital Business Strategies for American Business Media. Steve’s primary role
is to assess the digital landscape—including changes in user habits, new tools
and media/information delivery systems—and educate member companies on how
these issues affect their business structure and growth.
What are the key trends you see in
how business professionals are consuming media?
There are
two primary trends. One is the fact that they have the ability to speak back.
With the adoption of blogs and the increased sophistication of social
networks—what we call vertical digital communities—professionals have a greater
ability to interact in multi-channel dialogues about key issues. At the same
time, these conversations are becoming more niche, as very specialized people are
finding each other and communicating to solve problems.
The
second trend is the ubiquity of devices and services. Handhelds, laptops and wireless
broadband Internet access have proliferated throughout the globe and really
enable point number one more fully. Now, business professionals can search for answers online from anywhere at anytime.
The
challenge to business information providers is to understand where people are going
for information. Quite often, they go to search engines first. If business
information providers don’t appear in the search results they stand the risk of
being overshadowed by others who do.
How important is having a vertical
search capability for a business publisher?
It’s
absolutely vital. If business information providers want to be destinations for
information seekers, they have to have a robust and efficient search system so
people can access the information they need, when they need it.
What advantage would a publisher
have over a mainstream search engine?
What I
say about that is that as long as there has been business media, the stewards
of that media have known their topics intimately. Editors are still the experts
out there. The credibility that established media brands have is tremendous. Nobody
is going to know the industries content as well as those people who live and
breathe it. That’s why it is important to have that content accessed and
apparent in a world with many search engines.
Do you think publishers need to
wean professionals off of Google?
No, I
don’t necessarily think so. I think the brands will offer such detailed
information that they will separate themselves just by use. Google and Yahoo!
and MSN and Ask are just tools. It may also be that at a point the business
professional bookmarks the deep vertical site and circumvents the major search
engines.
Google
could break down their business across 160 business verticals if it so chose
but it’s going to be hard for them to catch up on 150 years of editorial
expertise. They will never have the reputation that these other brands have
within their verticals. Some of these verticals are very complex, it would be
difficult to come in as an outsider and really understand these verticals.
Do business professionals search
the same way as consumers?
I think multi-layer
searching is evolving as information seekers become more sophisticated. They’re
used to the idea that one piece of information might take them to another that
is as valuable or more valuable. Whether we’re talking about broad search or
vertical search, they both need to work in concert with each other.
What is it going to take to drive
traffic to vertical search site?
This is
an area of expertise that every brand is going to have to pick up to make
itself heard in the digital din. The best way to do that is having an effective
SEO/SEM strategy.
That
being said, there are also other platforms available to business information
providers, like events, print and handheld devices. We’re looking at four
platforms that have the potential for driving traffic to the vertical search
site.
Steve Ennen Vice President of
Digital Business Strategies American Business Media
|
|
Search Insight for Professionals
|