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You are here: Home / 2018 / Archives for July 2018

Archives for July 2018

Chuck Ganapathi of Tact.AI: Alexa Helps to Reimagine Relationship Between Sales Pros and Apps They Use

July 6, 2018 by Asif Nazeer Leave a Comment

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When Amazon launched its Alexa for Business (AFB) initiative last year, one of the launch partners invited early on was Tact.ai — a startup focused on changing the way sales people interact with their CRM systems using their voice.  In fact, they launched the first conversational CRM skill for AFB. And just last week Amazon, along with Microsoft and Salesforce, were part of Tact’s series C funding round of $27 million.

Since I’m pretty all-in when it comes to CRM and voice assistants and the potential the two have to change customer engagement, I was glad to speak with Tact.ai’s founder and CEO Chuck Ganapathi to hear his thoughts on these subjects.

Below is an edited transcript of our conversation. To hear even more of the conversation, check out the video below. You’ll notice in the video it’s just Chuck answering the questions. There was a little trouble on my end with audio, but thankfully, and most importantly, Chuck looks and sounds great, so check it out!  

* * * * *

Chuck Ganapathi of Tact.AI: Alexa CRM Skills Help Reimagine Relationship Between Sales Pros and Apps They UseSmall Business Trends:  Tell us about the platform shifts you see taking place today that is driving the move to voice interfaces into business applications?

Chuck Ganapathi: The amazing thing about the world we live in today is that it’s a perfect storm of two major platform shifts. The first one is the shift to edge devices. We’ve spent the last couple of decades bringing enterprise software applications from on premise data centers to the cloud and that’s created massive value for companies and built great companies like Salesforce.com. I think what we’re seeing now is that computing is now moving back into the edge because there are these devices that are with us every day. Whether it’s your phone, which is now a computer, your watch, which is now a computer, your alarm bell, your camera, your car is now a computer.

All of these devices bring computing right to the edge and I think that has allowed us to do things that we couldn’t have thought of before. Case in point, Uber. Think about how Uber has removed friction from your day-to-day life of just hailing a cab, but using the edge device called your phone, and the sensor called your location to be able to find a car and a driver that’s closest to you. The second major platform shift that’s happening is the one that we call artificial intelligence, of course, but more specifically inside of that, this major wave called artificial intelligence, is the way we interact with computers.

We’re going into an entirely new way of interacting with computers that’s just lowering the bar. For example, my three and a half year old son can just ask Alexa to play his favorite song and Alexa will play it. He can’t even read or write. Forget about using Windows. I think that is a transformation that’s happening right now. We’re seeing it. It’s already here. People have Alexa’s in their homes. We have Siri on your phone and this notion of using voice and other more natural ways of interacting with computers, as opposed to forms on a database, I think is a major shift.

You take these two things and put them together, I think you have the perfect storm to reimagine what CRM should really, really be. This has been a problem that I’ve thought about for many, many years, because as you know Brent, I’m a product guy, and it hurts me to no end when I find … When I talk to salespeople and they say, “Chuck, you’re a really nice guy, but I got to tell you I don’t like the products you build.” It’s because we’ve never really focused on the end user. If you think about the birth of CRM, which really happened with Tom Siebel coming out of Oracle and starting this whole industry, it’s the first time that we were able to take what was on paper, which is a Rolodex or a forecast report, and bring it into a database.

Small Business Trends:  It seems like voice assistants would be helpful for creating higher CRM adoption for sales folks.

Chuck Ganapathi:  I agree. I don’t think any salesperson wants to be sitting in front of a computer imputing data. I think there’s an opportunity to fundamentally reimagine the relationship between the seller and the systems that they have to use. Voice is critical. It really started with Siri and the ability to dictate messages and we all started doing that. With an SMS, you could just tap on your dictation icon, the mic icon on your keyboard, and start dictating a message.

In 2012, when we released the first … Or 2014 when we released the first version of Tact on the mobile app, we allowed our users to leave voice notes. You come out of a meeting, the assistant will remind you that you just finished a meeting with Brent Leary and it’ll ask you if you want to record any notes, and you can just tap on the microphone and leave notes. That was an amazing achievement for 2014, but we’ve come a long way since then. 2014 was also the year that the first Echo device was released.

Small Business Trends:  What role has Amazon’s Echo and Alexa played in moving adoption of voice assistants into business?

Chuck Ganapathi   What I think the Echo did for people was move the conversation, no pun intended, from dictation, which has been around for some time, to voice commands. Because now, you can just say, “Hey Alexa,” without looking at your screen, without tapping on the microphone icon on your keyboard on your iPhone or Android phone.

You can just say, “Hey Alexa, turn on the lights. Hey Alexa, play a song,” and it’ll do something for you. I think that’s the next evolution of where we’ve come with voice and it’s … We were one of the first ones to recognize it. I still remember the first time I saw the Echo device and immediately I said, “We’ve got to get Tact on this.” I went to my engineering team and I put an Echo device in the conference room and I said, “Folks, how do we get Tact working on this?” They were inspired by it and it was actually right before … It’s when I was doing some Christmas shopping, and I found the device, and brought it into work, and a couple of our engineers actually got so inspired that they worked right through Christmas break, and early January they showed me a prototype. That was the beginning of our journey.

For the last two years, almost three years, we’ve now been perfecting that platform and evolving that platform, because it’s not just about going from dictation to voice commands, which Alexa’s very good at, but it’s moving to the next level that we call voice intelligence which is really about conversations.

What we promise to our users is we’re going to give you a digital assistant, an AI assistant that’s the next best thing to having a human EA, or a personal assistant. You obviously can’t afford one for every salesperson, but what if you could give them an AI assistant? That’s what we promise. In order to fulfill that promise, that assistant has to be human friendly. You don’t want it to be too human-like. But you want this to be human friendly.

You want the assistant to be able to understand the mistakes that I make in my conversation. Understand my context and if I say, “John Hancock,” I don’t mean the person, I mean a company called John Hancock that I’m speaking to. I think that is really about using AI, artificial intelligence, not just speech recognition, but really artificial intelligence and conversational flow to be able to do that. We think we can use AI to make the human a super human and allow them to do these kinds of things with the help of their assistant. For sellers, I think it’s the best product that has come out in the market since probably the Blackberry, right? You remember how much they fell in love with the Blackberry. Our goal is that every salesperson in the world, just used to be a Blackberry or a crackberry addict, we want them to be using Tact and selling in a frictionless way.

Small Business Trends:  Will business app vendors have to eventually add voice interfaces to their applications?

Chuck Ganapathi: I certainly think so. I think especially as consumers get more and more comfortable with voice experiences in their personal lives they’re going to demand that. If you don’t have the ability to provide that, I think you’re going to be at a disadvantage in the marketplace. I do think companies will be under increasing pressure to provide voice experience, but also like we talked about, the messaging experience. That’s something … To me, they’re just two sides of the same coin.

We talk a lot about messaging and they’re a lot of messaging companies that talk about internal collaboration, and water cooler, and increasing transparency in the organization, and all of that is great. But at the end of the day, messaging should also be about getting things done. If it’s a customer that wants to check on their balance, or do a transaction with you, to be able to do that through voice or through sending a text message, your employees want to be able to do that as well. At the end of the day, what people really want is to get deals done, get work done, not just be having a water cooler conversation.

Small Business Trends: Look out a year or two from now. Where do you think we’re going to be with voice, particularly when it comes to sales, CRM in the enterprise?

Chuck Ganapathi:  Well, I think voice, especially in CRM and in salesforce automation, is going to become one of the primary modes with which people will interact with systems. It’s not just about CRM, one thing that we’ve learned from our experience is that when you’re trying to become a digital assistant, an AI-powered assistant for your salesperson, you have to think very differently about what that is. It’s not about adding a voice interface to your database. Look, every enterprise software vendor, I can guarantee you, is thinking about how to introduce voice interface to their app, right? Every enterprise software vendor has currently got a project going on, “How do I add voice layer on top … A voice assistant, or a voice interface on top of my app?”

But that’s the wrong way to think about it, is our belief. When you’re trying to be an assistant, you have to be thinking about the user’s entire workflow. My job as a salesperson doesn’t start and end with one database, whether it’s your CRM database. It cuts across your email, your calendar, you may be prospecting on LinkedIn. Yes, of course, you’re looking up information in CRM and you’re entering information in CRM, but you’re also looking for insights coming from another third-party analytical engine. One example is our customer Dell uses us as an interface layer on top of an analytical data warehouse, because that’s where all the customer insights are. Because the reality in large enterprises is that customer data is spread across multiple systems. Just adding a voice interface to one of those systems doesn’t solve the problem. You have to think about it from the user’s standpoint and be persona-centric.

If I’m an assistant for a salesperson, you first have to understand what is the salesperson’s life look like, day-to-day work life, what systems and what people does it touch, and you have to be able to weave all of them together into one single experience. That experience has to be available on voice, has to be available through messaging, and of course and sometimes an app is a better experience. I can’t use my voice, if it’s crowded. I’m in an elevator. I don’t want to talk to it. I just want to be able to look at my calendar and see I have three meetings coming up. Because vision and your eyes are very good at processing information and sometimes faster than using voice. You have to think about a multi-model experience, between touch, text, and talk. That’s what we call it, right?

An app experience, or a screen experience, a voice experience, and sometimes a messaging experience. Your assistant should be able to operate on all three so you can just talk to your assistant, you could send a message to your assistant, or you can look at your assistant through an app and get things done.

Small Business Trends:  When will they have to do this?

Chuck Ganapathi: Oh, I think you’ll see almost all enterprise apps will come out with some sort of a voice announcement this year. That’s my prediction. Every single one of them, right? Mark my words. Will have a voice announcement this year. But like I said, like I said, this is a problem that is not a vertical problem. It’s not adding voice to one database, one system, one vertical silo. It’s thinking about it horizontally as a layer of assistance, as a layer of experience that cuts across multiple systems where it really automates my workflow as a human being and makes me do my job better.

This is part of the One-on-One Interview series with thought leaders. The transcript has been edited for publication. If it’s an audio or video interview, click on the embedded player above, or subscribe via iTunes or via Stitcher.


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New Amazon Program Could Put You in the Package Delivery Business

July 5, 2018 by Asif Nazeer Leave a Comment

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As the number of shipments by Amazon (NASDAQ: AMZN) continues to grow, the company is looking to outsource the delivery of those packages. Amazon just announced a new program called Amazon Delivery Service Partners so it can address this demand.

And the new program offers an opportunity for small businesses to be part of one of the most successful ecommerce companies in the world by launching their own delivery service. Amazon is looking for hundreds of entrepreneurs to join the venture.

The program goes hand in hand with Amazon’s plan to make individuals and small businesses part of its ecosystem. Small businesses make up a large percentage of the company’s e-commerce merchants, and extending this concept to the company’s logistics could be an interesting move.

Dave Clark, Amazon’s senior vice president of worldwide operations, explains this thinking in a recent press release. Clark says, “Customer demand is higher than ever and we have a need to build more capacity. As we evaluated how to support our growth, we went back to our roots to share the opportunity with small-and-medium-sized businesses. We are going to empower new, small businesses to form in order to take advantage of the growing opportunity in e-commerce package delivery.”

Amazon Delivery Service Partners Program

Amazon will offer entrepreneurs full support to ensure you succeed as an owner.

It all starts with a three-week comprehensive training. From the time you start your application until you get your business up and running could take anywhere from one to six months, Amazon says. This will depend on your availability and the number of opportunities in your area.

New Amazon Delivery Service Partners Program Could Put You in the Package Delivery Business

The setup process includes exclusive deals Amazon has negotiated for startup assets as well as business management services as you move forward. This includes top-in class third-party providers for everything from Amazon-branded vehicles customized for delivery to discounts on vehicle leases, maintenance, fuel, insurance, professional uniforms, accounting services, legal support and more.

Amazon says individuals can start their delivery service with as little as $10,000. And if you are an eligible military veteran, the company has set up a $1 million fund with $10K reimbursements.

As far as earning potential, owners can make anywhere from $75k to $300K in annual profits. This, of course, will depend on the number of vehicles you operate.  Owners can expect to oversee 20 to 40 Amazon-branded vehicles responsible for delivering packages to customers from one of 75 Amazon delivery stations.

Amazon expects its owners to set up their businesses, build their teams, deliver packages, create their team culture and grow their businesses.

Local Employment Opportunities

When fully operational, Amazon expects its owners to hire 40 to 100 employees. For local small business owners, this is a possible way to provide opportunities for their community.

You can download the full brochure here (PDF) or get started here.

Images: Amazon


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Best States to Launch a Startup Revealed

July 4, 2018 by Asif Nazeer Leave a Comment

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After comparing 50 states across 25 key indicators of startup success, Wallethub was able to determine the best and worst states to start a business in 2018.

Best State to Start a Small Business Is…

This year, Texas is tops by providing some of the ideal conditions for business creation. According to Wallethub, some of these conditions included access to cash, skilled workers and affordable office space.

For small business owners, these conditions play a critical role in establishing businesses but also ensuring their long term success. According to the Bureau of Labor Statistics (BLS) the survival rates of businesses is only 51.4% for the five year mark.

Wallethub looked at all 50 states examining business environment, access to resources and business costs, which were given 50, 25 and 25 points respectively. Additionally, these indicators were evaluated using 25 relevant metrics graded on a 100-point scale, with high scores representing the best conditions for new-business creation.

Everything from the average length of the workweek to job growth, financing, education assets, labor costs and more was evaluated.

Key Takeaways

Following Texas in the number one spot with a total of 64.4 points, Utah, Georgia, Montana and Oklahoma rounded out the top five in this year’s survey with 63.41, 60.21, 58.9, and 58.67 points respectively. Florida, North Dakota, California, Arizona and Colorado also completed the top 10, with totals of 58.09, 57.94, 57.61 and 55.58 respectively .

The worst states to start a business was Hawaii at number 50 after amassing only 37.16 points of a possible 100. Four other states making up the bottom 5 five include New Hampshire at 38.11, Rhode Island at 41.88, Vermont at 42.53, and Pennsylvania at 42.81.

West Virginia, New Jersey, Connecticut, Maryland and Alabama rounded up the bottom 10 worst states to start a business. See all the states scores below.

Options

The survey points out states may not have many of the best indicators to start a business, but still offer options individual entrepreneurs might be looking for.

For example, Iowa has the cheapest average annual rent for office space at $12.08 per square foot, but overall it ranks 39th on the list. On the other hand, New York has the most expensive rent for office space at $26.66 per square foot and it is 32nd on the list. Meanwhile in terms of business costs, New York is 49th, while Iowa is 30th.

At the end of the day, a host of different factors go into deciding on the best place to open your business. For example, you might be successful in Hawaii, even though it ended up near the bottom of this year’s list, and do badly in Texas, the number one state for startups.

The key is putting extra effort into your due diligence. If you do that, your business will probably succeed no matter where you open it.

Expert Opinion

Wallethub asked experts how national and state economic policies affect business creation. One of the questions was, “What measures can state authorities undertake in order to encourage entrepreneurs to start new businesses in their state?”

Professor of Practice at the McDonough School of Business at Georgetown University, Melissa L. Bradley, answered, “States can look at tax incentives tied to job creation, and look at tax breaks for companies that employ the hard to hire, or provide skills training.”

She went on to say, “States can streamline the incorporation and certification processes to reduce the burden of time and money. States can re-examine zoning laws to allow for equitable dispersion of business development in a community, and allow for local hubs and networks to evolve organically. States can also identify a staff person to help coordinate and support business — almost like an entrepreneur in residence for states.”

Photo via Shutterstock


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RankBrain Algorithm Forces Marketers to Develop New SEO Strategies

July 4, 2018 by Asif Nazeer Leave a Comment

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Competent marketers recognize the importance of smart SEO strategies. Such strategies are essential for growing a loyal audience, increasing site traffic, and accelerating conversion rates. What’s more, what it takes to optimize landing pages for top keywords—a central piece of SEO—has changed fundamentally. This has been true ever since Google implemented its RankBrain algorithm. Therefore, it’s becoming increasingly important to develop new SEO strategies for better SERP rankings.

SEO, by the way, stands for “search engine optimization.” And SERP stands for “search engine results page.” We’ll get into more details about both in this article.

 

What Is the RankBrain Algorithm?

RankBrain is Google’s machine-learning artificial intelligence (AI) algorithm. Google uses it alongside its other human-engineered algorithms to sort search results.

The RankBrain algorithm looks at SERP’s for various keywords. Then it tweaks the importance of such ranking signals as backlinks, domain authority, content length, and so on. These tweaks result in different SERP’s. The RankBrain algorithm then analyzes how searchers interact with the new results. If they find the new SERP displays better content, RankBrain keeps the changes. If not, it reverts back to the old algorithm.

The point of these exercises is to provide searchers with more useful results.

When RankBrain makes tweaks to SERP’s, certain pages will get more attention. When that happens, those pages rise in the rankings. If searchers find any particular page not to be useful, RankBrain will replace that page on the SERP with a different page. The RankBrain algorithm will then analyze how that page performs.

 

How Does RankBrain Determine If Searchers Like the New Results Better?

Here are a few of the ways in which the RankBrain algorithm determines if searchers like the new results better:

  • Organic click-through rate
  • Time on page
  • Bounce rate

Before implementing the RankBrain algorithm, Google displayed SERP’s simply by matching words in a search query to words on an individual page. With RankBrain, the AI attempts to learn what the words mean together. In other words, the RankBrain algorithm tries to understand the intent of the keywords, including the context. This results in more fruitful search results for the searcher.

 

 

How Does the RankBrain Algorithm Affect Optimizing Keywords on Landing Pages?

Before RankBrain, the most commonly agreed-upon and effective SEO keyword targeting strategy was to build many different landing pages. Each landing page was then optimized for a number of different long-tail keywords.

For example, an SEO strategy for optimizing a travel blog would be to create one landing page targeting “best hiking routes in Hawaii.” Another landing page would target “best hiking trails in Hawaii.” After that, Google would rank each of the landing pages for their individual long-tail keywords.

However, since Google implemented RankBrain, the Google algorithm now understands that these long-tail keywords are essentially the same. The RankBrain algorithm therefore delivers almost identical SERP’s for both phrases. This makes it ineffective to optimize around long-tail keyword phrases anymore.

RankBrain algorithm

 

New Strategies: Optimizing for the RankBrain Algorithm

In short, instead of optimizing landing pages for long-tail keywords, SEO strategies should target mid-tail keywords. Below is a screenshot from Ahrefs showing keyword difficulty, cost per click (CPC), search volume, and other metrics for six keyword phrases related to “New Zealand Hiking.”

 

RankBrain algorithm 2

 

As expected, the shorter keyword phrases have significantly higher search volume than their long-tail counterparts. In the past, these mid-tail keywords would be more difficult to effectively target. In other words, it would be more difficult to break into the top three search results by using them. However, with the introduction of the RankBrain algorithm, these mid-tails present a new opportunity. That is, they allow SEO’s to target more generic, mid-tail keyword phrases. Now, when they do, the Google algorithm understands their intent.

 

How Do I Decide the Best Mid-Tail Keyword to Target?

There are myriad SEO tools and metrics that you can use to analyze keyword viability. To name only a few, there are SEMRush, Google Keyword Planner, Ahrefs, and Brightedge.

However, one brilliant strategy involves something much more basic. That is, conduct some simple Google searches yourself with a single keyword phrase. Then compare broad-match results, exact-match results, and the total number of both for that phrase. It’s also useful to compare the domain ratings for first-page SERP’s during the comparison process. This will give you an idea of how difficult it will be to rank highly.

For example, using the “New Zealand Hiking” search metrics above, you’ll notice that the two most searched phrases are “New Zealand Hiking” and “Hiking in New Zealand.” These two phrases average 600 and 450 monthly searches respectively. Compare this with the 150 or fewer average monthly searches for the remaining keyword phrases.

 

How to Use This Deceptively Simple Method

Therefore, the first step in deciding which keyword phrase to target is to perform a Google search using one of the phrases you are considering. Then perform another with the same keyword phrase in quotes. Finally, compare the number of broad match and exact match search results.

RankBrain algorithm 3

The first thing you might notice is that the keyword phrase “New Zealand Hiking” has significantly fewer search results in both broad and exact match instances. This is despite its having an average of 150 more searches a month than “Hiking in New Zealand” (600 vs. 450).

On the surface, this simple comparison shows that there is more search volume and less competition and saturation in the “New Zealand Hiking” SERP. This points to this particular keyword phrase as the better choice. However, before we draw any final conclusions, it’s important to analyze the sites ranking on the first page for each of the keyword phrases. This will allow us to determine what their domain authorities are, and how our site stacks up in this space.

 

Here’s an Example

Below is a screenshot from Ahrefs showing the first page SERP’s for both “New Zealand Hiking” and “Hiking in New Zealand.”

RankBrain algorithm 4

In this instance, and likely because of the RankBrain algorithm, the SERP’s are nearly identical, with a few exceptions. Because of these similarities, you could choose a mid-tail keyword based on overall number of results displayed, contrasted against average monthly search volume. In this example, that proper choice would be “New Zealand Hiking.”

 

RELATED ARTICLE: HOW TO CREATE A WEBSITE DESIGN THAT EMPOWERS YOUR SEO EFFORTS

 

Optimizing Landing Pages to Generate Maximum SERP Positions Will Increase Traffic and Give You More Conversions

Well targeted keywords is an important factor in raising your SERP rankings, increasing site traffic, and having more conversions. However, without well optimized landing pages much of your hard work can go unnoticed. In that case, growth can be slow.

However, Google has provided SEO marketers with tools that help the web spiders better understand what the on-page content is all about. First and foremost among these tools is schema markup.

 

What Is Schema Markup?

Schema markup, also known as structured data markup, is a vocabulary that you can add to a wide variety of encodings. These include RDFa, JSON-LD, Microdata, and others. Every page on your site that can have schema should have one.

Depending on the type of page you wish to mark up, whether it be product pages, informational content, blog posts, or anything else, Schema.org provides a selection of items and associated properties that you can add to the HTML/CSS of your page. These items will help Google’s web crawlers better understand the intent and purpose of your content.

The better Google understands your content, the more likely your content will rank higher. Below, you can see an example of schema markup for a blog post from Instasize entitled “5 Ways to Utilize Instagram Stories to Boost Sales.” Notice how the markup code is nested above the <h1>, between the <div> and <script> tags.

RankBrain algorithm 5

A Detailed Explanation

This is best explained by the Moz blog in a post entitled “Unlocking Hidden Gems Within Schema.org”:

“When you first enter a Schema.org item type’s page, notice that every page has the same layout, starting with the item type name, the canonical reference URL (currently the HTTP version*), where the markup lives within the Schema.org hierarchy, and that item type’s usage on the web.

“An item type is a piece of Schema.org’s vocabulary of data used to annotate and structure elements on a web page. You can think about it as what you’re marking up.

“At the highest level of most Schema.org item types is Thing (alternatively, we’d be looking at DataType). This intuitively makes sense because almost everything is, at its highest level of abstraction, a Thing. The item type Thing has multiple children, all of which assume Thing’s properties in a cascading hierarchical fashion (i.e., a Product is a Thing. Both can have names, descriptions, and images).”

You can find a visual representation of schema’s hierarchy in the image below.

RankBrain algorithm 6

Image courtesy of technicalseo.com

One of the easiest starting points for acquainting yourself with schema is to use the schema generator from Merkle. Using the Merkle schema generator is fairly simple. Just choose a type of markup from the drop-down menu.

RankBrain algorithm 7

Once you’ve chosen a markup type, you’ll be prompted to fill in various fields. Then the schema markup code will be automatically generated in the right field.

RankBrain algorithm 8

Once you’ve filled in all the necessary fields, copy and paste the auto-generated schema into Google’s Structured Data Testing Tool. Make sure the code is functioning properly, then paste the code above or below the <body> tags of your page.

RankBrain algorithm 9

 

Targeting Featured Snippets to Rank Above First Position for Top Keywords

A featured snippet is a box that appears above all results for various question-and-answer based queries. Below is a screenshot of a search for, “Are dogs colorblind?” Here you can see a short paragraph with an answer pulled from one of the pages listed in the SERP.

RankBrain algorithm 10

(Note: Featured snippets only pull from the top 10 results of any given SERP. Therefore, you must already rank 1-10 for a specific keyword phrase to be eligible for a feature placement.)

With more and more SERP’s for similar search queries returning similar results because of the RankBrain algorithm, the chances of securing a featured snippet across multiple similar queries has greatly increased. This could create a massive traffic and conversion boon for sites with savvy SEO practitioners who are willing to invest time in targeting featured snippets.

 

How to Target Featured Snippet Opportunities

Featured snippets appear for a wide array of search queries. What’s more, they can increase page visibility, conversion rates, and traffic to your site. So how do you go about targeting these opportunities?

Most of the time, though not all, featured snippets appear as an answer to question-based queries. Let’s say you run a food blog and have posted an article about making spaghetti and meatballs. Further, your targeted keyword phrase is “spaghetti and meatballs.” Of course, the quality and thoroughness of your content is a major factor in determining if Google will pull your information into a featured snippet. However, how you organize and label your content is also important.

 

Use Headings with How-to Formats

Therefore, instead of using simple headings, try writing some of your headings in how-to format. For example, you could make your first H2 something like, “How to Make Spaghetti and Meatballs.” As an example of this, notice the screenshot below showing the SERP’s for two similar queries. The first search for “spaghetti and meatballs” returns without a snippet. However, “how to make spaghetti and meatballs” returns with a snippet pulled from a Youtube video.

 

RankBrain algorithm 11

One of the best ways to generate this type of headline is with answerthepublic.com.

Answer the Public describes itself as a “free visual keyword research and content ideas” tool. It can provide you with a wide range of useful data. For example, entering a simple keyword phrase into the search bar returns multiple lists of related question-based, preposition-based, and comparison-based search queries. Check out the example below using the keyword phrase “spaghetti and meatballs.”

RankBrain algorithm 12

You can use the results from this page to brainstorm a question-and-answer style headline. This can greatly increase the chances of your content being pulled into a featured snippet.

Other factors Google seems to like when pulling snippets is content built in lists or html tables. What’s more, your content needs to be free of grammatical errors.

 

Snackable Takeaways: Creating Traffic and Conversion Rate Growth with Actionable SEO Strategies

  1. The RankBrain algorithm has changed the way we look at keyword targeting. In short, it forces us to reorient the focus from long-tail keywords to mid-tail keywords.
  2. As the RankBrain AI continues to learn and further understand the meaning of keyword phrases and their context, semantic variation of similar queries will matter less and less. That’s because they largely return identical results. This causes SEO marketers to shift focus. That is, SEO strategies should now primarily be about ensuring that everything you publish is evergreen and of only the highest quality. In other words, chasing keywords will no longer work.
  3. Schema markup is relatively simple. What’s more, in today’s SEO climate it is an absolute must if you want to remain competitive for your top keywords.
  4. With more and more SERP’s for similar search queries returning similar results because of the RankBrain algorithm, you have a much better chance of securing a featured snippet across multiple similar queries.
  5. Targeting featured snippets by optimizing your on-page content can propel your top landing pages to the very top of Google SERP’s. This greatly increases your pages’ overall visibility, site traffic, and conversion rate.

 

About the Author

Sam Schuler is an SEO strategist at Instasize.

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Key Business Metrics That Will Help You to Steer Your Business

July 4, 2018 by Asif Nazeer Leave a Comment

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When you’re running a business, it’s easy to get caught up in everyday tasks. For example, sales, marketing, and customer service require your continuous monitoring. You need to pay attention to product development and human resources as well. However, you want to steer your business toward your major financial goals. Therefore, it’s important to keep a close eye on the finances of your venture, too. To that end, there are some key business metrics you should be tracking.

Of course, you’ll watch cash flow. You’ll also look for ways to cut costs and increase profits. Therefore, you need to handle relevant accounting tasks.

However, you should also spend time each month examining the main finance-related metrics of your business. Tracking these key business metrics will help you to spot potential problems. Better yet, you can learn about existing problems before they become major ones. All of this will make it easier to see which areas have the best potential for growth. What’s more, tracking key business metrics will give you insights for better strategies going forward.

Most online graduate degrees in the business field detail this side of business management thoroughly. Therefore, they are worth exploring for this benefit alone. Nonetheless, there are some key business metrics you can start tracking today. Read on to find out more.

 

RELATED ARTICLE: 4 STRATEGIES TO IMPROVE YOUR ONLINE MARKETING AND ADVERTISING

 

Customer Acquisition Cost

One of the first things you need to know is your customer acquisition cost (CAC). This refers to the amount you have to spend to acquire each new client. This is an important metric. That’s because it shows you if you’re spending too little or too much on your marketing and sales strategies.

Once you’ve determined your CAC, you can decide whether the amount you’re budgeting is right for your business. The items that go into this metric are things like advertising, search engine optimization, events, giveaways and the like. This key business metric varies significantly from business to business. Moreover, the customer acquisition cost usually goes down as organizations grow and build a more recognized brand name.

To work out your CAC, divide the total amount you spend on customer-building strategies in a set amount of time (for example, a month or a year) by the number of new clients you land over that same time period.

 

Lifetime Value of Customers

Another key business metric that relates to your customer acquisition cost is the lifetime value of customers. This metric also helps you analyze your marketing and sales budget. The term refers to the net profit you will receive from your clients over the course of your relationship with them.

The lifetime value indicates the repeat business you’ll get from shoppers over time. As a result, it helps you to know how much money is sensible to spend on “buying” each new customer. The higher the lifetime value, the more you can outlay. That’s because you’ll have more chance of earning this money back.

You can determine the likely lifetime value of customers in your venture. To do that, take the average value of your sales (that is, how much on average clients spend per transaction), and then multiply this by the number of repeat transactions you get per customer. Multiply this total by the average time period you retain a typical client.

 

key business metrics

Client Loyalty and Retention Rates

You won’t likely achieve the business results you’re after if you don’t spend time thinking about ways to continually improve client loyalty and retention rates. In other words, you need to consider how long you can keep a customer around. The more loyal a client is to your business, the more likely they will keep buying from you again and again as the years go by. In most cases, they will also purchase in larger quantities or at higher transaction amounts.

Customer loyalty also leads people to recommend you to their friends, family members, and other contacts. In turn, this helps you obtain new customers in an affordable way. This word-of-mouth advertising is invaluable.

 

 

If  you have a high “churn” rate, this means that most people only ever shop with you once and never return. In this case, you probably have various problems with your business that need to be addressed immediately. For example, your product range or quality could be low. Or, your customer service might be lacking. Likewise, your shipping times may be too long.

As you can see, it’s vital that you analyze retention rates regularly. There are a few different methods of measuring this metric. For example, you can send out customer surveys. Or ask clients for direct feedback when they purchase from you. Alternatively, you can examine transactions to work out what percentage of customers buy from you after their first purchase. It also pays to determine the average number of times customers spend money with your firm. Additionally, calculate the average amount of each transaction. Then look to see if this changes over time.

 

Keep Your Hands on the Wheel by Watching These Key Business Metrics

Pay close attention to the key business metrics we have discussed here. Then use the insights they give you to steer your business toward greater success.

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5 Conservatives Who Are Pro-Cannabis

July 3, 2018 by Asif Nazeer Leave a Comment

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It’s not just liberals advocating for weed. Some surprising figures on the right are fighting for pot rights.



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8 Business Books – in Pictures

July 3, 2018 by Asif Nazeer Leave a Comment

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PwCstrategy&

Articles published in strategy+business do not necessarily represent the views of the member firms of the PwC network. Reviews and mentions of publications, products, or services do not constitute endorsement or recommendation for purchase.

strategy+business is published by certain member firms of the PwC network.

© PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. Mentions of Strategy& refer to the global team of practical strategists that is integrated within the PwC network of firms. For more about Strategy&, see www.strategyand.pwc.com. No reproduction is permitted in whole or part without written permission of PwC. “strategy+business” is a trademark of PwC.

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5 Simple Ways You Can Market Yourself as a Freelancer

July 2, 2018 by Asif Nazeer Leave a Comment

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One of the challenges of being a freelancer is making sure you have a steady stream of revenue. And in order to make this possible, you have to market yourself effectively to the customers you are trying to serve.

A new infographic by Fiverr titled, “Embrace the Power of the Internet to Get More Freelance Clients” points out five ways to do this.

As one of the leading freelancing platforms, Fiverr has been providing new tools and services so its freelancers can be more productive. These include business tools for tracking projects, a service called Elevate for running a freelance business, and even some data on what makes a great Fiverr Pro candidate.

The latest guidance from Fiverr goes into the importance of marketing and how freelancers can use the power of the internet to generate traffic and get the attention of more customers.

Ways a Freelancer Can Market Themselves

1. Fiverr starts with blogging. This is a tool both freelancers and any other small business owners with a digital presence can use to drive traffic.

Your blog will provide valuable information about you, your expertise and your business as a freelancer. By creating high-quality content on your blog, you can establish yourself as an expert in your field, build awareness of your brand and give your potential customers a valuable resource.

If the blog does well, it can be a business in itself.

2. The next suggestion is email marketing. Email marketing, which is still one of the best ways to increase your customer base. According to Fiverr, it can bring in $38 for every dollar spent on an email marketing campaign. But if you don’t happen to have the money, you can start with a free MailChimp account and grow from there.

The free version of MailChimp will give you up to 2,000 subscribers, and 12,000 emails, which should be enough to begin.

3. Social media is an obvious choice. With billions of people using social media every day, it is no surprise Fiverr recommends freelancers use this tool to market themselves as well.

Fiverr suggest freelancers identify the platform their potential customers use most and start engaging with them. This includes sharing content such as videos.

4. Next, Fiverr recommends answering questions on Q&A sites such as Quora. This helps to establish your authority in your field. With 200 million visitors every month, Quora alone can significantly increase traffic to your site.

5. Finally, don forget SEO. Search Engine Optimization or SEO is an important tool in marketing your freelance business. While SEO can get a bit complicated, it is essentially a way to optimize your digital presence online. The more optimized your site is, the easier it is for search engines and users to find you.

You can take a look at the infographic below for more details on how to market yourself online as a freelancer.

The Best Ways a Freelancer Can Market Themselves to Get More Clients

Photo via Shutterstock


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What Type of Learner Are You? (Infographic)

July 1, 2018 by Asif Nazeer Leave a Comment

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From ‘visual learners’ to ‘kinesthetic learners,’ figure out what learning style best suits you.


July 1, 2018

2 min read


Everyone has their own way of doing things, especially when it comes to absorbing new information. What might work for you won’t for the person next to you. That’s why it’s important to understand your needs and what works best for you so you can take in new information quicker.

Related: The 4 Key Learning Styles and How You Can Use Them to Learn, Teach and Grow Your Business

Some people are “visual learners,” meaning they learn best when some sort of imagery such as maps, flow charts and diagrams is used. When there’s too much text on a page, a visual learner is likely to lose interest quickly. To the contrary, others might learn best when there are more words than images. These people are categorized as “read/write learners,” and more words on a page is beneficial to these individuals. Other types of learners include aural/auditory learners, multimodal learners and kinesthetic learners, or people who need a hands-on experience and put theory into practice.

Related: I Started Saying ‘No’ to These 6 Things. My Life and My Business Got a Lot Better.

To figure out what type of learner you are, check out Pound Place’s infographic below.  

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