Brand Marketing

Quick Tip of the Day: Direct Advertisers

Whether you are a domain owner or a web developer, the best advertising deals are usually direct deals with advertisers. In many cases affiliate relationships pay more, but for the sake of this post, I will focus on direct advertising deals since that is guaranteed revenue.

The first thing you need to do is obviously build a website on your great domain name. Once you have your site with unique content, add some Adsense blocks on your site. I generally recommend waiting until you are receiving search engine traffic before doing this to make certain that Google and Bing will see that you don’t have a “spammy” site with the sole objective of monetizing the traffic. I don’t have quantifiable evidence, but I’ve been told they may rank these sites lower.

Once your Adsense blocks are showing relevant advertising, you should make note of all of the advertisers whose ads are showing on your site. Make sure you have both text and graphic banners, as some advertisers might choose one over the other. You should also contact friends and colleagues in different areas of the country and ask them to email you those advertisers as well, in the event that there is some geo targeted advertising.

I would then do some research on the advertisers, and contact the companies who most likely have the smaller marketing department, allowing you to get directly in touch with the decision maker. Let them know they are currently advertising on your site via Google, and you would be willing to give them great space on your site. You might even offer exclusivity if you can make it worth your while financially.

Do some research to estimate what they are paying (using Adwords) and offer them a compelling deal. You might also want to keep at least one Adsense text block so you can keep an eye on new advertisers.

If you can make a good argument about why an advertiser should be advertising on your website, you just might score a great deal.

As an FYI, you don’t necessarily need to install Adsense on your site, as you can do the same thing simply by searching Google, although you won’t see banner advertisers.

Brand Protection Extends Beyond Typo Domain Names

Many companies that do business online know that it’s important (maybe even critical) to buy typos of their company name. Just type in different variations of ElliotsBlog.com to see how I feel about that (EliotsBlog.com, ElliotBlog.com, ElliottsBlog.com and maybe even a couple I forgot about). Some people are bad spellers, have fat fingers, or have other issues that cause them to accidentally mistype a domain name. When the company owns its typos, it doesn’t have to worry about losing this traffic.

However, typos aren’t the only defensive domain names a company should consider when making strategic domain acquisitions. Companies should also take what their customers call their company into consideration as well. After all, consumers will be typing the domain name into their browsers if they don’t use a search engine. I purchased the shortened version of my father’s business name (not really a generic that people would type in randomly), and surprisingly it receives a bit of traffic every month.

There are plenty of other companies who employ this domain strategy as well. I found some of these examples of smart domain buys, even though some of these companies don’t do much business online:

Salvatore Ferragamo – Ferragamo.com
Mercedes Benz – Mercedes.com
McDonald’s – MickeyDs.com
JC Penny – JCP.com
Radio Shack – TheShack.com
Dairy Queen – DQ.com

One example of a company that may have missed out on purchasing a domain name is Bed, Bath, & Beyond, when BedAndBath.com sold on Sedo for $50,000 to a company other than BB&B. Several years back, there was a northeast retail chain called LeeJay Bed and Bath (now out of business), but most customers called it Bed and Bath. Additionally, many customers refer to Bed, Bath and Beyond as Bed and Bath, and if they do it aloud, they probably do it online as well.

Although $50k is a lot to spend on a domain name that isn’t the exact business name, I think this would have been a smart buy for BBB. You have to assume anyone typing in BedAndBath.com is looking for a bed and bath store (if not BBB), and Bed Bath and Beyond probably has everything a visitor would want. Considering that the name still gets over 5k visitors a month and the store likely spends a whole lot of money on Adwords, they could have saved money in the long run, rather than spending it on PPC links on BedAndBath.com forever.

The price of other domain names is something that should be considered when trying to protect a brand. If the business is referred to by a common phrase or term, and the matching domain name would cost more than the LTV of the potential lost customers, then the money would be spent more wisely elsewhere.

Another consideration in this is purchasing alternate extensions for brand protection, and I will discuss that in a post later on this week. Someone asked me for my thoughts on that topic last week, and I will discuss those later.

Domain Industry Leaders to Speak on Panel at Ad:Tech New York

Ad:TechAd:tech is an interactive advertising and technology conference and exhibition held several times during the year, in a variety of locations, including New York, Shanghai, San Francisco, Tokyo, Beijing, and other media centers throughout the world. If you are involved in the interactive space, you should make it a priority to attend Ad:Tech – even if you simply opt for the free exhibition floor pass. Ad:Tech New York will be held from November 4-6 at the Javitz Center in New York City.

I just learned that some of the domain industry’s leaders are scheduled to speak on a panel at Ad:Tech New York in November. The Domain Industry Workshop, “Domain Tips to Drive Your Business Forward and Save Money” is sponsored by leading domain investment companies, Sedo.com, Media.net, Name Administration, Inc., and NameMedia, Inc.

Featured panelists include Jeremiah Johnston, COO and General Counsel of Sedo.com, Div Turakhia, Founder and CEO of Media.net, Frank Schilling, Managing Director of Name Administration, Inc, and Bob Mountain, VP of Business Development at NameMedia. This panel will be held on Wednesday, November 4 from 2:10pm – 3:00pm.

If you want to sign up for a free exhibit hall pass, you must do so by October 2, or the price will increase to $35. You can also see all of the conference pricing options for the New York show on the Ad:Tech website.

LMG Launches CBS Real Estate Website

CBS has launched a new interactive Real Estate website in conjunction with LMG Digital Media, a leading boutique web development and social networking company based in New York City. The real estate website they created can be found by visiting CBSREM.com or CBSRealEstateMarket.com.

LMG Digital Media may be familiar to domain investors, as the company’s CEO, Simon Mills, is a regular at domain investment conferences, and Internet entrepreneur/domain investor Gregg McNair serves as a Director. At the moment, Gregg is on a tour in Kenya with a group of domain investors supporting TheWaterSchool.org charity (noted in DNJournal).

Congratulations to the LMG Digital Media team, which also includes family friend, Daniel Modell, VP Creative Director.

Facebook is Personal & Twitter is Public

Facebook TwitterA few weeks ago, I received a message on Facebook from a domain industry friend with an urgent message. Apparently I had befriended a person who was posting Anti-Semitic links on his Facebook page, and my friend wanted to know if I knew the guy and/or if I had seen the links he was posting. The answer to both questions was, “no.”

I receive a number of Facebook “friend” requests each week. I typically look to see if we have friends in common, and if so, I approve the request without anything further. I figured, if you’re a friend of a friend, you can be a friend of mine. I had around 500 Facebook friends, and when I went through the list a few days ago, there were many names I didn’t recognize, let alone consider a personal friend.

I thought about it for a few minutes and realized that I generally use Facebook to keep up with my friends. I was a late adopter and didn’t really use it until a year ago, (although I established my account in grad school), but it has allowed me to keep up with high school friends, college friends, and other random friends I’ve made over the years. Of course, there were also many domain industry friends, too. However, I really don’t do any business or talk about business on Facebook to spare my friends from seeing business updates in their news feeds.

Twitter, on the other hand, is a very public outlet for me to share information. A majority of my posts are business-related, and I don’t post much in the way of personal information. I am not against posting personal things, but my primary Twitter objective is business and marketing. I have a lot of followers, and I follow a whole lot of interesting people. The more information I can get from Twitter, the better.

That said, I’ve decided to draw the line and make Facebook more of a personal spot, only accepting friends and colleagues I know on a personal level. I feel that I share much of what I am doing on my blog anyway, but I wanted to draw the line, and I think Facebook is the place to do it.

If we are no longer connected on Facebook, it’s nothing personal. Connect with me on Twitter instead 🙂

ESPN Launches ESPNBoston.com

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ESPN Boston

As I reported a little over two weeks ago, ESPN has jumped into hyper local sports news, with its ESPN Boston offering. From a domain investor’s point of view, I think ESPN was smart to buy and market ESPNBoston.com, even though it’s forwarded to ESPN.Go.com/Boston. Obviously the marketed domain name is much easier to remember than the longer URL.

From a Boston sports fan’s point of view (Sox, Pats, Celts mostly), I love the idea. ESPN has established itself as the leading sports news brand, and it will be great to get a different perspective on the local market. I read the Boston Globe daily (it’s my home page), and I will add ESPNBoston.com to my list of daily reads.

Hopefully Boston Sports Guy Bill Simmons will have some exclusive guest appearances on the new site. He was originally smart for owning BostonSportsGuy.com but ESPN didn’t purchase SportsGuy.com when he went more mainstream, which would have been a smart move.

Never the less, I think this is going to be a winning endeavor for ESPN.

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