Site Optimization
Website Awards Tested ![]() |
| Website Awards Tested |
| Friday, 02 January 2004 | ||||||||||||||||||||||
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Topic: Website Awards — How to Improve Your Conversion Ratio with a Methodical Campaign to Win Strategic Awards Series: This is part of a series of briefs on winning website awards. Related briefs are listed at the end of this one. You can listen to a recording of a clinic on this subject here: Consider this lateral marketing strategy: What if you could launch a two-part campaign that focused on (1) winning website awards and leveraging those awards to (2) improve your conversion ratio? Jean Baudrillard is quoted as saying: " Governing today means giving acceptable signs of credibility." (*1) He might as well have been talking about web marketing. In our hype-laden world, credibility is key. In a recent experiment, MEC Researchers analyzed six hundred award websites and tested fifty to determine how to use awards to improve your marketing. BACKGROUND FACTS
Here are our results after six months of testing:
So what did we "really get" from winning these awards? Our research indicates that traffic from the award sites alone is minimal. But if one leverages the visibility of an award with a series of strategic press releases, the results can be altogether different. In a future issue, we will discuss our experiments with this method, but there are really two primary benefits from winning website awards, and traffic is secondary.
KEY POINT: Third party credibility indicators can have a vital impact on your conversion ratio. They can underscore your value proposition, and they can help "ease" a prospect through a key decision point. Most sites are long on claims and short on evidence. But it is a mistake to write unsubstantiated claims about your product. In our feature article on Transparent Marketing, we outlined several principles of communication. There are four that are relevant to this discussion.
The right website awards can increase your credibility. If you place these awards at strategic decision points on your website (i.e. your order form), you can maximize their effectiveness. And remember a 5-Star Rating from Yahoo Shopping or BizRate is actually an award and it should be treated as one. These ratings can dramatically increase your (1) traffic. But they can also increase your (2) credibility, which in turn can increases your (3) sales. KEY POINT: You should have the five-star graphic placed close to the locations on your website where you are asking a potential customer to risk trusting you. Of course, all of this advice is to no avail if you cannot win awards. You can win 5-Star Ratings through superb customer service, but how do you win website awards? 12 KEYS TO WINNING AWARDS These following tips take into consideration many of the criteria that award-givers use to judge your site.
If you consider launching this initiative for the year 2004, please remember that website awards alone will not revolutionize your marketing results. They can be an important part of your strategy. But we would be remiss if we fostered unrealistic expectations as to their total impact on your conversion ratio. We think the minimal effort and minimal cost can promise a solid return on investment. But a marketing plan that is dependent on one single brilliant move is likely flawed.
(*1) Jean Baudrillard (b. 1929), French semiologist. "The End of U.S. Power?" America (1986, trans. 1988).
Credits:
This Research Brief is a new format that MEC is testing. |
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