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Along with choosing a winning vanity number, reserving a great Internet domain name for your business is one of the most important things you can do to ensure the success of your new venture. What makes a good Internet domain name?
There are two ways to select an excellent Internet domain name for your business. The first is to opt for a catchy web domain name that stands out, grabs attention and is easy to remember. While this method has worked extremely well for many others, it does unfortunately generally mean more work and will be harder and more expensive to promote.
The second and preferred way to choose a great Internet domain name in terms of SEO and ease of being found is to choose a website name that tells prospects what you do and includes your main keyword. This will make is easier for new traffic to find you when they are looking for your product or service. Ideally this will also include your business name in order to unify your branding and make it easier to receive referrals and for those have heard of you offline to find you on the web. If your business name is available as an Internet domain name then you really must reserve it even if you don’t want it as your main one in order to prevent the competition from grabbing it.
If the second method of choosing an Internet domain name is not an option either because it is already in use or because it is too complicated to remember quickly or will be misspelled too often then consider this third option that has been producing great results for others. Some companies have found that using their vanity number as their web domain name is helping to dramatically improve response rate and increase closing ratios. For example "www.1800-YOUR-INDUSTRY.com". This makes your Internet domain name and website instantly stand out in search results and online advertising campaigns. Why? Because it offers instant credibility and helps your stand out and appear as an expert.
1. Missed Branding Opportunities
Whatever type of marketing campaign you are launching, a vanity number offers instant branding. Even if your prospects do not take immediate action, an easy to remember vanity number will stick in their minds until when they do need your product or service. This truth applies to PPC advertising, direct mail, email marketing, and display ads.
2. Increased Response Rates
It has been proven time and time again that toll free vanity numbers consistently provide significantly higher response rates. So, considering the small investment it takes to get a winning vanity number, why anyone would ever dream of running an ad campaign without one is a mystery. Otherwise, you are not just throwing away money but handing those prospects over to your competition.
3. Improved Closing Ratios
Vanity numbers not only help increase the response rates to your advertising, but more importantly, they also improve the actual closing ratios from your campaigns. That is where you really put profits back into your pocket. Ask yourself how much a closed deal is worth, not only now but also in terms of the value of a lifelong customer and the referrals you will receive. Easily in the tens of thousands. So with some shared use, vanity numbers are available for as little at $19 a month. That small amount can provide at least two or three times the closed deals from a campaign. It is really a no brainer.
4. Tracking & Testing
Toll free numbers offer the ability to track and test easily all types of metrics and variables involved in your marketing. Those tools mean the ability to identify easily what is working well and what you can improve on so you can hone your marketing into a well oiled money making machine.
5. Maximizing Marketing ROI
These compounding factors of increased advertising effectiveness through better brand recognition, higher response and closing ratios, and well-tested campaigns means being able to see the maximum return on investment from your marketing budget. What you do with the extra profit is entirely up to you, whether it is expanding your marketing efforts, handing out bonuses, donating it to charity, improving your products or services, or just treating yourself to a well-deserved vacation in the sun. Going to the market without a vanity number is the equivalent of handing over large slices of market share to your competitors. Win or lose - it is all up to you.
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Vanity numbers are highly effective for one reason: it is easier to remember words than random digits. This fact is especially true when it comes to words relevant to your business. It is not surprising then that vanity numbers are more expensive than toll free numbers. In fact, many a business has been built entirely on a good vanity number.
The whole purpose of vanity numbers is to encourage potential customers to call you. By using an easy to remember toll free number, you will find it easier to achieve this objective. Customer orders, concerns, and questions can immediately be attended to when people know how to reach you and even have your phone number memorized.
In today's cutthroat environment, many firms are using marketing methods as well as compelling advertising strategies to stand out. Vanity numbers allow you to compete effectively with them; they allow your brand to get a “space” within the customer’s mind. After that initial impact has been established, it becomes easier to turn your leads into actual sales.
Given all their benefits, seven digit vanity numbers are the key to business success. Whether you operate a startup or a large company, your vanity number will definitely contribute to your bottom line.
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Who said that only businesses can take advantage of vanity numbers? Individuals who want to create a “personal brand” can benefit from this service as well. Vanity numbers can be used as a marketing tool for personal coaches, professionals, and freelancers. Even celebrity fan clubs are getting in on the action. Vanity numbers enable them to connect with their fans easily, conveniently, and with minimal costs. Definitely, everything is about interaction these days.
At the end of the day, potential clients are more likely to call a number they remember than to look for more information in the yellow pages. Calling a vanity number is also enticing because callers do not need to pay for the calls they make. If you use vanity numbers for personal branding, they will set you apart from the rest. Right now, you might be missing a lot of opportunities out there even without knowing it. But by subscribing to a toll-free vanity number today, you will begin to see the difference in your personal brand and bank account!
Given all the benefits stated above, it is not surprising that an increasing number of small businesses (mostly sole proprietorships) are getting their own vanity numbers. This tool also evens out the playing ground for the self-employed, small businesses, and more established corporations. There are very few barriers to getting a toll free vanity number. Anyone who wants to create a strong personal brand should check out this option to know its advantages.
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Domain name appraisals have become a growing business over the last decade. When you consider how web domain names are valued, you may ask whether it is worth paying for a domain name appraisal and what is the best way to avoid overpaying for a domain name?
Domain name appraising is definitely more of an art than a science. More than one way exists to appraise a domain name and a range of factors can be used to determine its value, including name length, marketability, brand recognition, industry strength, revenue, traffic, and search engine popularity as well as how a domain name compares with other recent sales. However, what a domain name is worth to one person is often far different to what the next person in line may be willing to pay for it. In fact, few other products out there vary so widely in value, with web domain names ranging from a few dollars to millions.
If you are flipping domain names for profit, it may be a good move to invest in domain name appraisals or at least to educate yourself better on how they are valued. Those who want to launch new ventures with a bang and enjoy healthy amounts of traffic from day one may also benefit from further research. For most, however, it is a matter of what an individual domain name is worth to you and your brand. For example, if you made the mistake of creating other branding materials, registering a business name, and acquiring a toll free vanity number only to discover the matching domain name is taken, then you may really need it and have to be willing to pay a significant amount for it. Whereas if having a certain web domain name is just a nice addition or preference, then you obviously are not under the same pressure.
There is quite a bit of strategy that goes into getting the best deal on a web domain name, and making one small mistake at the beginning could result in the owner skyrocketing his demands. So before you begin any negotiations or show any interest in a domain name that is already taken, it is wise to consult a professional service that offers web domain negotiation so you can be sure to get the best possible deal.
As with anything done well, your business success will generate people who want to feed off or piggyback on your success. This situation is especially true for web domain names and business phone numbers.
On one hand, you certainly can’t blame competitors for maximizing their own marketing ROI with this smart strategy. But it can be extremely frustrating and may mean losing potential deals and clients despite all of your hard work and dedication to growing your organization. Fortunately, you have the ability to stop the situation before it even begins!
First, you must understand how competitors can feed off your business phone number. Just as with having similar Internet domain names, other businesses can feed off your advertising, reputation, and marketing budget by acquiring similar business phone numbers to yours. For numeric numbers, this situation could mean obtaining similar numbers that could be incorrectly dialed. In terms of vanity numbers, competitors may try getting their hands on the same vanity numbers with different prefixes since dialing the wrong prefix is a common mistake by customers trying to call you, especially if you do not have the 800 number version. Worse, if you have a well known company name, but you do not have the matching vanity number that spells out your name, competitors might acquire it and be able to take large amounts of prospects and even current customers who were actually attempting to call your business phone number.
To protect yourself, begin by making sure you have a unified brand, including an easily recognizable vanity number. Then just as with reserving a domain name for your website, try to reserve as many variations of your business phone number as you can. Start with the 800, 888, 877, 866 and 855 prefixes and then move on to any other obvious combinations.
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With the surge in Internet marketing and the ability to launch virtual companies overnight without a massive budget, many entrepreneurs and business owners are sadly overlooking some of the basics and their branding in particular.
Branding is still more important than ever regardless of what industry you are in, whether you will have a local brick and mortar presence, and the size of your operation. When branding is mentioned, most people immediately think of logos and slogans; however, web domain names and 800 vanity numbers are just as important.
In fact, 800 vanity numbers could actually be the most essential and powerful part of your organization’s branding. It is no secret that some of the most successful, industry dominating companies right now have gained their influence and are enjoying such lofty revenues due to their 800 vanity numbers alone. But even if your goals aren’t that big, the bottom line is that anchoring your brand with a premium 800 vanity number will have a positive compounding effect on all areas of your business, resulting in better ROI and superior profit margins.
With a winning 800 vanity number as part of your core branding, your company will immediately benefit from increased credibility and recognition, which translates not only to more volume and customers seeking you out, but it makes closing deals a breeze. Of course, you can launch marketing campaigns without an 800 vanity number; you may even see some response although it is doubtful it will be anywhere near as successful as if you had one. The advantages of using toll free numbers and the impact they can have on advertising effectiveness are well known. So with premium vanity numbers available from as little $19 a month that will likely result in double digit improvements in response rates to your marketing, why would you even consider launching without one?
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1. Not Developing a Brand
It doesn’t matter how creative and ingenious your advertising strategy is if you have not made the effort to develop a unified brand. Proper branding includes having a matching business name, web domain name, logo, and an easily recognizable and memorable vanity number. Don’t just have them either; make sure you use them!
2. Failure To Test
Whether your advertising strategy includes direct mail, telemarketing, or Internet marketing, those who do not test and ignore their metrics are asking for failure. You may need to temper the figures with a little common sense and insight into future trends, but the numbers do not lie. Use blocks of toll free numbers for split testing various elements of your campaigns and hone them.
3. Not Maximizing ROI
Many marketing channels and ideas that you can include in your overall advertising strategy may work, may generate leads, and may even bring in money. However, just generating some income is no longer enough to survive. You must strive to seek out those channels that provide maximum advertising effectiveness and the highest possible ROI for your marketing budget.
4. Working Harder Rather Than Smarter
Too many entrepreneurs and managers fail to harness the power of building blocks that can be re-purposed. This strategy means having to do a fraction of the work for much larger results; not only can it improve your advertising strategy profit margins, but it can enable your organization to reach more prospects for less money and grow faster than you ever imagined. This process can mean utilizing content more wisely and re-purposing article content for blogs, videos, and social media, or outsourcing your call center agents and using them to spin off new products and services.
5. Not Seeing The Full Potential
"If you are going to think, you might as well think big." Thinking big certainly doesn’t take any more effort. However, too many business owners and managers still fail to see the full potential of their businesses. With a little wider vision applied to an advertising strategy, and just a little more effort, the exponential rewards can make all the difference in being a one man band or the next Facebook.
Business columns and business coaches often dedicate much of their time to telling entrepreneurs and business owners that they must be revolutionary in their advertising strategy and be unique if they want to win.
However, the reality is that as an entrepreneur or marketing executive, achieving a successful advertising strategy can often be a difficult tightrope walk between doing what is working for others and offering a unique proposition.
There are two problems with developing your own advertising strategy from scratch. First, it can mean ignoring the facts and figures and the tried and true methods that are working in the current market. Choosing just to learn from your own mistakes rather than others is costly and can result in losing any lead time you had on your competitors. Secondly, creating an advertising strategy that is too far away from the norm can be confusing to prospects and consumers, not only reducing your advertising effectiveness and the ROI of your marketing budget but alienating many viable customers.
In order to develop a truly successful advertising strategy, you really should take the best of both worlds. If a certain marketing strategy, channel, or platform is proving to be incredibly profitable in your industry, you shouldn’t ignore it. Consumers will be looking for some of the similar attributes in order to find your product or service and judge it’s value and credibility. However, at the same time you need to be different enough from your competition to differentiate enterprise and stand out from the crowd. The perfect example is books. While self-publishing is becoming more popular than ever and has turned out many of the best sellers in the last couple of years, it remains an independent way to produce books; nevertheless, authors can definitely benefit from promoting their books on reputable sites like Amazon or by using Facebook likes and a familiar blog or website format for promoting it. What will you take from the proven and comfortable way of doing business in your industry and what will you do differently to develop the ultimate advertising strategy?
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“Advertising” is usually confused with marketing, promotions, sales, and public relations. But what exactly is it? Basically, advertising is about bringing a product or service to target market's attention. It is focused on getting customers' attention in order to increase awareness of the brand (or product, service, or idea) in question. Advertising comes in different forms: brochures, television commercials, online ads, signs, direct mails, and even personal contact.
To get a better understanding of what is advertising, it may be best to look into the definition of other terms with which it is usually interchanged:
Promotion: After gaining brand awareness through advertising, promotion acts as a stimulus for further demand. It involves ongoing advertising, sales, and public relations activities.
Marketing: When you think about marketing, keep the 4P’s in mind: product, place, promotions, and price. These are essentially all the aspects involved in marketing. Loosely, marketing involves analyzing customer data and competition. It positions the product in the market through “price” and “place” distribution.
Public Relations: Public Relations is all about creating a public image for the company. It usually involves building a relationship with the media to get newspaper mention, magazine recommendations, and television slots.
Sales: Cultivating prospective buyers (referred to as leads) is the focus of sales. It conveys the features and benefits of a product and service. The sales plan for one product may be different from another even within the same company.