This article originally appeared on Web Profits blog.
The agency I work for, Web Profits, launched Fluid Online Marketing last year with the aim of radically improving online marketing, and for a large number of clients – in a wide range of industries – it’s been a huge success.
With Fluid Online Marketing, clients get assigned a full marketing team (akin to an outsourced marketing team). Teams vary in size but usually include:
- 1x Fluid Lead
- 1x CRO Producer (covering CRO, PPC, Email & Design)
- 1x Social Media Producer
- 1x SEO Producer
- 1x Content Producer
This team of talented and conversion-hungry marketers then work together in a pod to maximise the results generated, with outputs optimised and scaled based on priorities and what’s working. No strategy is the same for any one client and what is often planned as an initial three-month strategy rapidly evolves and changes to get the best outcome.
Case Study: Australian Ethical Super
To give you an idea of how Fluid Online Marketing actually works, I’m going to run you through a campaign we’ve been working on for the past year for our client Australian Ethical Super, who came on board with us in July 2015.
Australian Ethical Super, like their name suggests, offer an ethical and sustainable superannuation product, which only invests its member’s funds into businesses that align with a very stringent code of ethics – essentially companies that are doing good for the world, and refraining from doing harm. They also look for the best investment returns for their members, and they’ve done really well in that regard, with one of their super options generating a ten-year return of 8.3% (as at 30 June 2016). It’s a very strong product to market, as it aligns well with society’s move towards a more sustainable future (eg. the move to solar over coal), so there’s no doubt that the strong brand and strong offer have helped us achieve success.
For Australian Ethical, a conversion is someone going through a signup process and actually switching their super then and there – so it’s a direct sale as opposed to a lead and as such, it’s more valuable, but harder to obtain.
We’ve done a lot for this client as part of the fluid package, which I’ll elaborate on soon, but firstly let’s take a look at the results we’ve generated in under a year:
- Over 6,500 super signups generated, beating their goal by 66.4%
- Monthly Super Signups increased by 255%
- Super Funds under management increased by 32.2% from $787.7m (30 June 15) to $1,041m (30 June 16)
- Email Database of Prospects increased by 322% to now over 30,000 prospects
- Facebook Fans increased by 35,573 (now over 90,985)
The monthly growth in super signups from August last year has been pretty consistent (apart from a dip in December) and just recently they announced very strong results for the year:
How We Achieved The Results
After a detailed scope meeting with Australian Ethical Super outlining their brand, their goals and what resources they had that we could leverage, we created an online marketing strategy that was shaped around building them a “marketing machine”. The plan was designed so that even if they had to shut down advertising for any reason in the future, they’d still generate a significant volume of super signups month-on-month. The strategy we created had both short-term elements to it (paid traffic, for example) and long-term elements (search engine optimisation, for example) – both equally important.
Once the strategy was created, we formed the fluid team at Web Profits to carry it out. The team were selected based on their past experience and unique skills, and included myself as Fluid Lead, Ales Pokora (Social), Matthew Siddle (CRO), Sophie McAulay (Content) and Nick Brogden (SEO). We then began to assign tasks and roll them out as quickly as possible.
The tasks we set month-to-month were “fluid”, meaning that if something with a higher priority came up in any month or if one channel was getting amazing results, we could quickly divert resources and marketing spend into those areas to ensure we took advantage of the opportunities when they occurred – a good model for both parties, and more importantly, for results.
It’s important to note that the results we have achieved over the year have been significantly helped by Australian Ethical themselves, notably:
- They have an excellent, growth-focused internal marketing team who we collaborate with daily, led by Grace Palos and assisted by Caitlin Howlett and Karina Seljak.
- Driven by their Head of Ethics, Dr Stuart Palmer, they’ve built a brand with strong values, which align with those of their target market.
- They have little red tape, fast approvals and are also flexible with their branding – getting everything “perfect” brand-wise doesn’t hold us up from getting great results.
- The product/offer they have is a great one to sell and is in the market at the right time with consumers moving towards more ethical and sustainable consumption.
- They have unlimited ad spend budgets at profitable “cost per signup” levels, meaning we can maximise the volume of signups from each channel whilst knowing they are making a profit from every dollar spent.
So what type of marketing have we actually built for Australian Ethical over the past year?
- Pay Per Click
- Social Media
- Email Marketing
- Conversion Rate Optimisation
- Search Engine Optimisation
- Content Marketing
Pay Per Click
Earlier in this case study I mentioned quick wins and in online marketing, there’s no quicker win than pay per click marketing. In under an hour, you can have your ads live on an ad network and be driving highly qualified traffic to your website or landing page. At Web Profits, we have no allegiance to any pay per click network and just use what works for each client. We’re still exploring new networks currently but here’s what we found worked this year.
Search Engine Marketing (SEM)
SEM, where you place your ads on certain keywords/search terms is one of the biggest online advertising channels around the world, with Google leading the pack in most countries (including Australia). We built highly targeted campaigns for Australian Ethical, targeting and testing a range of keywords and optimising them constantly based on the cost per signup and volume of signup metrics, to decrease costs and increase results.
An example of this is a competitor campaign we built targeting the number one super provider, Australian Super. We placed ads on a wide range of keywords containing their brand name (such as “australian super compared”) and then drove the traffic to a specifically built comparison page where prospects can see for themselves which super option they should select:
Banner adverts were the first ever type of online marketing. This is an area that, whilst harder than search and more expensive on a cost per conversion basis (usually), still has a lot of potential volume-wise (once you’ve exhausted how much you can spend on SEM).
In our view, the keyword, interest and demographic targeting that’s available for Google Display campaigns isn’t good enough to use (even with targeting, ads often appear on Justin Bieber meme sites). So we stuck purely to placing ads on specific sites that we chose as high quality and Australian-focused. To do this, we used a range of tools and built a large list of websites that Australian Ethical’s target market were likely to be using, and then created campaigns targeting these specific placements on the Google Display Network.
Some of the websites our banner and text ads appeared on included econews.com.au and superguide.com.au, with each placement optimised and bids adjusted based on conversion performance.
Remarketing is where you target a past website visitor with banner or text ads to entice them back to your website to convert. When Australian Ethical first came on board they were with Adroll, a third party retargeting company that optimises your ads automatically for you. Upon auditing the results, we found they were getting next to no direct conversions, so we quickly stopped the ads.
Instead, we set up individual campaigns on channels directly – such as Google’s Display Network or Facebook – so that we could control the optimisation of the ads manually. We ensured that everyone who did complete the signup for Australian Ethical were instantly removed from the remarketing pool. We also set up tagging on the login page of their website to exclude current members, and utilised a feature from both Google and Facebook where you can upload a database of email addresses (in this case, their current customers) and include or exclude them from a campaign.
We divided the remaining audiences up based on the number of days it had been since they visited the website, with past experience showing us that the sooner we remarketed to them, the more likely they were to convert. We bid accordingly on each of these day-based audiences and optimised to achieve the highest volume of signups possible, at or below the target cost per signup.
Gmail Sponsored Promotions (GSPs)
Another area of the Google advertising platform we explored and ran ads on successfully was GSPs. These ads are exclusive to Gmail’s email platform, and on both desktop and mobile devices appear as if they are emails within the person’s inbox. When clicked, they reveal a large image, a headline, copy and a call-to-action button.
The best part about this type of advert is the targeting; essentially you can target users based on who is emailing them. So, for example, we added a target to the campaign of “greenpeace.org”, which meant that our advert showed in the inbox of people who had recently received an email from Greenpeace. We targeted both the subscribers of large, ethical organisations and also every other superannuation company we could find that were likely emailing their members regularly.
Google has been pushing Youtube Advertising pretty hard over the past few years, and given Youtube’s traffic volumes and potential audience size, we decided to try some conversion-focused video ads on the platform. The issue? We didn’t have any videos to work with that were relevant.
Rather than spending 3-4 months and a lot of money building videos that may not work, we utilised a service called Veeroll, which allows you to create your own videos in minutes using their templates. Whilst from a branding point of view, these videos may not be exactly right, it enabled us to rapidly test what we could achieve on Youtube.
What we found from testing a wide range of audiences, including remarketing, is that we could get sign ups direct from Youtube (you can add trackable links in your video ads directly to your website) but not at a cost per signup that made sense for us to spend budget there as opposed to other channels, so we quickly brought the campaigns to a close. The network, however, did show promise, so now we are spending time with Australian Ethical to create some higher quality videos to re-test and hopefully generate a meaningful volume of direct conversions at the right cost.
Any brand that wants rapid growth cannot rely on search alone. Eventually you max out the traffic you can generate due to the volume of searches, and can no longer increase conversions. Social media, however, offers a huge audience of passive prospects with over 15 million Australians on Facebook alone. Over the past few years social media has now moved from a “brand building and engagement” platform to one that can generate meaningful conversions so this is an area we spent a lot of focus on for Australian Ethical.
Australian Ethical were already active on Facebook so we took what they were already doing and using a conversion-focused approach, we optimised, improved and scaled the campaigns with the cost per signups and volume close to what we generated from our pay per click campaigns by the end of the year.
With a focus on super signups, we started with ads directing people to a landing page that explained why they should switch their super to Australian Ethical, and pushed them into a two step process to do it then and there. We measured both step one and step two, but our conversion pixels only triggered on completion of the signup to ensure we were optimising for the actual signup. Over the year, we trialled targeting a number of audiences for these ads, including:
- Remarketing (Sitewide & Abandoned Signups)
- Fans of Australian Ethical
- Current Member Lookalike Audiences (1% & 2% Similar)
- Interests: Pollution, Sustainability, Renewable Energy, Environmental Movies (Black Fish etc), Climate Council, Recycling, Sea Shepherd etc.
The most effective audience was remarketing, closely followed by lookalike audiences (an audience whose demographics, interests and other factors closely match an audience you define). In this case, we uploaded all of Australian Ethical Super’s current members and then targeted lookalike audiences of them, as well as creating lookalikes of every other audience we had success with.
We created a range of ads with a creative spin to them all, with our most successful being one of our simplest approaches:
Along with generating direct conversions, social media is also a great way to push offers with less commitment required, such as an email capture. If the offer is good, a passive audience who is not looking for products or services then and there will respond at a far higher rate than to the straight conversion-focused campaigns – resulting in a cheaper cost per conversion. For Australian Ethical, we ran two types of email acquisition campaigns, and only launched them after we had created automated email sequences upselling switching to Australian Ethical – very important to have in place prior to launching these campaigns (more on the email marketing strategy below).
The first type of email acquisition campaign promoted content that had been created and turned into eBooks or PDF downloads, and that appealed to their target market. The ads sent users to a landing page that let them download the resource for free by entering their email address:
The second type of email acquisition campaign was viral competitions. With competitions, it’s important that the prize only appeals to your target market. But with everyone in Australia having a super account and the Great Barrier reef under threat, we launched a competition and promoted it across our social channels:
Although we are a predominantly conversion-focused agency we still like to be creative, especially when working on a brand like Australian Ethical. Throughout the year, we ran a number of creative social campaigns, firstly posting the content organically and then amplifying the content that generated the most engagement with ads. An example of a style of content that worked the best was fact-based creative imagery:
A major concern from bigger brands about advertising on social media is fielding negative feedback and comments from “trolls”. Whilst this is a legitimate concern, with the right strategy, the negative feedback can be turned around in a way that will influence others who view the interaction. Hats off to the Australian Ethical internal team for handling the community management side of things with an unparalleled amount of effort being put into responding to each and every comment and question. This has helped our overall results and the building of a transparent and open brand which consumers, especially in this target market appreciate.
Instagram’s self-service ad platform launched around a year ago and since then we have been experimenting with strategies to generate conversions. Advertising works the same as on Facebook, by targeting audiences; a bonus being that you can also target audiences you have already built on the Facebook ad platform. With almost all users on Instagram using a mobile device, succeeding requires a high mobile conversion rate.
Through the year, we tested a range of ads and audiences on this network, along with posting all of the creative campaign content. Likely due to the complexity of switching your super then and there on a long form whilst on your mobile device, we found that the conversion-focused ads were not able to generate a high enough volume of cost-effective signups. Whilst a cross-device attribution model would likely show a number of users signing up later on a different device, we instead switched tact to focus on email acquisition ads – a much easier conversion for a mobile user to complete and one where the cost per acquisition compared closely with Facebook.
Looking for other profitable channels to expand our marketing to we also trialled a small test advertising budget on Twitter. We targeted a range of different audiences including:
- Followers of Ethical/Green/Charity brands & influencers
- Interests / Hashtags
We created a range of different ads including ones which targeted events that promoted sustainability and ethical practices (such as Earth Hour). Ultimately the remarketing audience performed best, but despite generating a significant volume of targeted traffic, we could not generate enough signups at a cost-effective level to continue spending money with Twitter – though it may be something we try again in the future.
When Australian Ethical first came on board with us, they were doing little email marketing but had just signed up for Hubspot, which in my view is the number one email marketing system for small businesses. We were excited; we had a blank slate, an awesome system to work with and a brand that had a target market who are very interested in content. In less than a year, we quickly took their email marketing from generating no sign ups to delivering over 100 super sign ups a month at the end of the financial year.
To create an email marketing strategy, we first looked at where we could capture email signups from:
- Incomplete Super Applications
- Viral Competition Entrants
- eBook/Guide Downloads
- Blog Subscribers
We then started mapping the type of content and emails that each audience should receive with the diagram evolving as we added new email capture sources and as we extended email sequences:
Conversion Rate Optimisation
Improving the conversion rate of a website or landing page is the number one way you can significantly and rapidly increase the number of conversions being generated, because of the effect it has on all marketing channels. Having the highest conversion rate also allows you to spend more on marketing than your competitors (as every click results in that much more), which leads to higher volumes and therefore market share. For that reason, optimising and improving Australian Ethical’s website has been a priority for the campaign, starting with gathering data and then moving onto implementation and split testing of ideas.
There are two types of data you can gather from your current website users – quantitative data and qualitative data. We utilised a range of methods to gather this data:
- Google Analytics
- Scroll & Click Tracking (Heatmaps)
- Form Analytics
- Visitor Recordings
- Polls & Surveys
This data was then used to improve the marketing work we are doing. For example, we ran a survey on the login page and asked members what it was that made them invest their super with Australian Ethical. Contrary to our initial thoughts, the data suggested that being green/sustainable/fossil-free were the major reasons that people signed up (vs being ethical), which has led to us updating marketing, copy and also creating a new landing page focusing purely on this feature of the super fund.
The data we gathered also led to split testing of both the website and specific landing pages that we created, with conversion tracking setup for step two of the form and those successfully completing signup. We declared split test winners from actual membership signups however if a new version of the page didn’t impact signups but significantly increased the people moving through to step two, we went with that version, as our autoresponder sequence to recover lost signups worked very well.
Conversion Rate Optimisation is about a lot more than split testing and making gradual improvements to a website, and so we also looked for growth hacking-style techniques to improve the overall results of Australian Ethical’s marketing campaigns. Two examples of this were a referral program and exit detection popups.
In conjunction with Australian Ethical, we created a referral program for current members, to receive a $25 Karma Currency voucher for every member they referred. We then updated the thanks page after a successful super signup to encourage this sharing – giving each person unique links for them to share on social media or via email.
Another example of website optimisation work we implemented was Exit Detection popups. These were implemented across the website, blog and landing pages, and were set to trigger automatically if they detected the person was about to leave (determined by mouse movements). The popups were tracked separately and in one month alone assisted with over 50 of the conversions generated.
Search Engine Optimisation
Along with concentrating on the short-term and trying to generate as many conversions as possible, with Fluid Online Marketing campaigns we also look to build long-term success with outputs such as the autoresponder email sequences mentioned earlier setup to last years. Another longer term strategy we utilised is search engine optimisation, which over the past few years has changed considerably. It’s now no longer possible to target specific keywords and rank for them quickly, so we employ longer-term, white-hat strategies that over time will increase organic traffic and thus conversions.
The first place to start with any SEO campaign is with onsite work, and after a thorough audit of how Australian Ethical’s website was setup and optimised, we began to implement a range of best practice techniques. These included extensive keyword research and the updating of all title and meta tags throughout the website. With the initial list checked off, we then began looking at what more we can do – for example, implementing schema markup on the website to push ratings and reviews into the organic search results, increasing the click through rate whenever their pages appeared.
Offsite Link Building
The second part of an SEO campaign is offsite link building, with links still playing a very big part in where a website ranks. For Australian Ethical, this started with competitor audits of the sites that are ranking in the top positions on the keywords we want to target, to work out exactly what strategies they are using to obtain their ranking (something that’s different in every industry). We reviewed competitor’s websites and blogs and thoroughly analysed every backlink they had.
To build further links we also made sure to utilise every content piece we wrote, with outreach to everyone we mentioned in articles:
When Australian Ethical initially came on board, one of the things they were doing a great job of was content marketing. A blog, which they named “Good Money Blog“, was already in place, with regular content that appealed to the target market being written and shared. The strategies we employed looked to expand what they were already doing, generate more conversions on the blog and take things to the next level.
It’s tempting with writing blog content to presume what the target market wants to hear about and get started on writing straight away. However, we use a different, data-driven approach to content to ensure we are writing the best possible content to generate links, social sharing and ultimately traffic & conversions. Along with using Google’s Keyword Planner to check that topics have a high enough volume of traffic to be worthwhile writing about, we also utilised a number of tools to conduct audits on competitors and industry blogs. We then quickly built a list of topics that are commonly shared and linked to in the industry and were able to work out which ones we could adapt and write better versions of.
- Aggregators, i.e. 10 Australian women fighting for a better world
- Video Transcription, i.e. A Pitch For Ethical Investing – The Investment Series
- Case Studies, i.e. Why we invest in Appen
- In-depth Articles, i.e. Why Are We Still Using Plastic Bags?
- Lists, i.e. 13 countries that give us hope for a green future
To ensure we got the most out of every piece of content we produced, we optimised the blog to capture email signups, which then went into our autoresponder sequences and were upsold to joining Australian Ethical. To do this, we utilised SumoMe’s suite of tools, including a Smart Bar, Scroll Box and Popup with messages and offers that we split tested and improved over time.
With content working extremely well for Australian Ethical and a range of interesting topics that can be written and expanded on, we also worked on a range of content upgrades, such as eBooks to go alongside the “Good Money” magazine which is produced in-house every quarter. We utilised these content upgrades to improve the conversion rate of the SumoMe tools in place on the blog (everyone likes something free), and to promote via landing pages on Facebook, Instagram, and through remarketing on the Google Display network. We also identified similar blog articles to the eBook content and offered the eBook as an upgrade or add-on to the article they were reading:
It’s been a busy year working with Australian Ethical and the outputs above are just some of what we’ve achieved. Still, the fluid team all feel like we’re only just getting started, and now that we’ve set up a huge range of marketing campaigns we’ve got a great base to roll out a lot of other exciting future strategies and outputs, which we won’t disclose until they’re old news. Results are continuing to impress, with August’s result a record one and so far the team are on track to hit and hopefully exceed the financial year’s targets.