Video: Stanford Graduate School of Business

May. 13

Hello Everyone,

In my last post, I highlighted my presentation at Stanford’s Graduate School of Business. The presentation went extremely well and spanned two action-packed hours of PPC, SEO, and more. I’m definitely proud of this milestone.

Today my friend David Rogier, VP of Stanford GSB’s Entrepreneur Club, uploaded the video of my presentation to the Entrepreneur Club’s website! You can check out my online marketing presentation by visiting the Entrepreneur Club’s website or by simply watching it below!

I sincerely hope you find it helpful. Also, I wanted to close out by sincerely thanking Stanford GSB, the amazing organizers of the event, everyone who attended, and of course everyone reading my blog!

All the best,
Ian Lopuch (PPC Ian)

PS – As mentioned in my last post, my PowerPoint presentation is available for free! Simply sign up for my free PPC newsletter by entering your first name and email address in the top right corner of this page or by visiting my PPC newsletter page. You’ll receive my Stanford GSB presentation in addition to my eBook featuring high leverage PPC career tips, all for free! I recommend following along with the PowerPoint as you watch the video. Don’t have enough time to watch the full two hour video? You may wish to scan the PowerPoint and then fast forward to the sections of the video that are most interesting to you! Thanks again!



Video "PPC Ian’s Stanford GSB Presentation" © PPCIan.com (An IJL Productions LLC Website)

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Three Different PPC Career Paths

Mar. 22

As you know, I’m a huge fan of the corporate pay per click career path. This career path has been extremely rewarding for me and I wouldn’t trade it for anything. PPC may sound like an extremely focused discipline and it is. At the same time, there do exist multiple career paths within pay per click (and online marketing in general). Today, I’m looking forward to discussing three of my favorite career opportunities and my thoughts around their strengths and weaknesses.

PPC Career Path 1: The Agency Route

Careers Achievers

A few weeks ago, I attended SMX West. If you’ve been to SMX or another search marketing conference such as SES or ad:tech, I’m sure you’ve noticed the huge number of search marketing agencies. Put simply, agencies such as iProspect are big business and are only getting bigger. So now that we’ve established that agencies are a huge force within online marketing, let’s discuss a few of the pros and cons of the agency career path.

The biggest pro of the agency career path, in my opinion, is the ability to work with a variety of clients. In the agency world, you’ll typically get several accounts across a variety of verticals and business models. Moreover, these accounts change over time! In my opinion, this puts the search marketer on the fast track to accumulating a very deep knowledge of online marketing. Another benefit of the PPC agency career path: You get serious client face time. If you enjoy the human side of things as much as crunching the numbers, the agency career path can give you that optimal mix.

So, everything sounds perfect, right? Of course not! There are pros and cons with all decisions in life. There’s one big con that comes to mind with the agency path. As an external party, you are one step removed from the core business operations. This typically equates to less day-to-day financial visibility and responsibility. Agency teams are given volume and CPA goals, but it’s sometimes not the same as living and breathing the numbers like an internal team. This isn’t the agency’s fault, it’s a data integration thing. Just think about it: As an agency, you’re not going to be hooked into all of the client’s back end data. An internal team, however, often has access to more intimate data which often equates to more precise financial responsibility.

Pay Per Click Career Path 2: The Startup

Another popular career path in pay per click is the startup route. Let’s start with the pros again. First and foremost, startups offer the ability to grow quickly. When I say grow, I actually mean growing several things: your skills, responsibilities, title, salary, and wealth (via stock options). It’s essentially a case of risk and reward. Startups are the riskiest career path because of their volatile nature (most startups fail). However, if you’re able to join a successful startup (like I did), the benefits can be tremendous! Startups, especially earlier in your career, can be the fast track to rapid pay per click career growth. Moreover, if you leave a startup at a senior title and are able to earn the same title (or even higher) at a more established pay per click organization, you are absolutely golden.

Of course, there also exist several cons with the startup career path. First and foremost, it’s much more challenging to launch brand new pay per click campaigns versus growing and maintaining existing ones (like many of us do at larger companies). This is a good challenge in the sense that you can master PPC much quicker launching a business from scratch. At the same time, it’s a con because campaign launches can fail. If the business model isn’t perfected, your pay per click campaigns could very well lose money for an extended period of time. Moreover, as the pay per click manager, you may get blamed for these losses even if they are not under your direct control. This is definitely pressure that you want to be ready to handle!

The second big con of startups: You may be on your own. Unless you’re rather senior, pay per click is a team sport. Startups, however, have limited budget and often have a pay per click team of one. If you’re super independent, this may be a great route for you. If you prefer a team, however, a larger company may make a lot more sense.

PPC Career Path 3: The Mid To Large Sized Direct Advertiser

All career paths presented here are awesome! However, if I had to rank them, I’d tie the first two as the (very close) runner up and I’d make the mid to large sized direct advertiser the clear winner. Let’s start with the pros of the mid to large sized direct advertiser. Remember in the agency section when I talked about data issues? This is rarely a problem at a large direct advertiser. You can hook directly into your organization’s immense data and leverage it for complex bidding decisions! This alone is the biggest advantage of the direct advertiser: incredible statistical maturity and opportunity.

Now, let’s talk about resources. At the agency, you’re typically working at a company that’s very biased towards one skill set: online marketing. At the startup, you typically have individuals spanning a variety of disciplines but rarely have access to them because everyone is very resource constrained. Now, at the mid to large sized direct advertiser, you frequently have the ability to work with legal, finance, engineering, sales, and product management. In my opinion, this cross-functional nature makes the mid to large sized company a stellar candidate. I said it before: PPC is a team sport. It’s not only a team sport in terms of having a team of PPC managers, it’s also a team sport in terms of working with the broader organization on landing page tests, site tests, ad copy tests, keyword generation ideas and more.

Moreover, let’s not forget budgets! Agencies are often given a fixed budget dictated by the client. Startups are typically budget constrained. Mid to large sized direct advertisers, however, will frequently have unlimited budgets as long as campaigns meet a profitability threshold. You want to be managing budgets in the multi-millions, right? Let’s also talk about budget for hiring and PPC automation. You’re going to have a lot more of it at the mid to large sized organization.

As said earlier, there are cons to every career path – no single path is perfect! In terms of this path, I’d say the largest obstacle can be speed. Let’s face it: The larger the company, the more checks and balances. You can’t just test any ad copy you’d like. You need to get full legal approval and your manager’s buy-in. Another con: Sometimes, career progression can be slower at very large companies. You’re just one person in a sea of many. You really need to stand out if you want to grow rapidly. At the same point, I’m confident that you will stand out if you’re taking the time to read this post!

Image of Careers Achievers © iStockPhoto – rjmiz

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Leveraging ccTLD Domain Names In PPC

Mar. 15

I started domaining back in 2007, but really caught the domaining bug in 2009. Over the last year, I have been absorbing pretty much any information I can get my hands on regarding the domain industry. A big turning point in my domaining education: Attending T.R.A.F.F.I.C. Las Vegas.

Global Flags

Lately, ccTLDs have been getting a ton of buzz. What the heck is a ccTLD, you ask? ccTLDs are country code top level domains. Some of the really popular ones are dot us (United States), dot me (Montenegro), dot in (India), dot de (Germany), and dot mx (Mexico). In fact, according to Ron Jackson, ccTLDs sales are now outpacing gTLD sales (global top level domains such as dot com, dot net, and dot org). So why am I talking all about ccTLDs on this pay per click search engine marketing blog? Simple: I’m here to pose a test (slash challenge) to all of you. My challenge: I propose that ccTLDs will become an important part of pay per click online marketing within the US over the coming years. The remainder of this post will explain why!

ccTLDs are Cheap Right Now

I’m going to start off with a freebie for all of you loyal PPC Ian readers. Here it is: Right now (as of 11:44 PM pacific on 3/15/2010) the domain Degrees.mx is available to hand register for only $49.99 on GoDaddy! I’m serious. If I wanted to go out and buy Degrees.com on the aftermarket, I’m probably going to be out anywhere between $1,000,000 and $10,000,000 depending on how good I am at negotiating.

Why is Degrees.mx a great domain name? This is obvious to anyone in the education vertical. Education is one of the most lucrative and competitive verticals on the Internet. With a domain like Degrees.mx, you can have great display URLs in your pay per click campaigns like Accounting.Degrees.mx and Business.Degrees.mx.

The challenge here: Users aren’t as used to seeing the dot mx ccTLD. My hypothesis: I think it will work as a PPC display URL in the US. Will it perform as well as the dot com, dot net, dot org, or even dot us? Most likely not. Is it going to beat a long, convoluted domains like so many of us use? Quite possibly, in my opinion, definitely worth a test! Now, I don’t have the time or resources to test this, but would love to hear if one of you does. Could be some money on the table here. Because of their cheapness, I view ccTLDs as a great option, one that we’ll see more of in the US and global pay per click landscape over the coming years.

The Meaning of ccTLDs Transcends Their Country

One of my personal favorite ccTLDs: dot me. I have been accumulating a portfolio of dot me domains since the first day they launched several years back. While dot me is the official ccTLD of Montenegro, it has been marketed as a global TLD. In my opinion, it makes total sense: dot me is all about "me."

Let’s take another really popular category: mortgage refinance. Imagine if you bought the domain Refinance.me. In my opinion, this is an awesome pay per click domain. It flows really well and is personal. The Internet keeps getting more and more personal. If you don’t reach out to your users on a personal basis, you’re not going to get the conversion. Dot me ccTLD makes the personal connection easy.

Another great ccTLD: dot co. Dot co is the official ccTLD of Colombia but it’s being marketed as the next huge global TLD. It makes sense: What do you think of when you hear dot co? I think of company and commerce, very similar to dot com. For that reason, there’s a lot of opportunity here. Currently, GoDaddy is taking pre-orders for the dot co ccTLD (to be released to the public later this year) so it’s a great time to start thinking about investing in a few for your PPC future!

PPC Organizations Are Becoming More Global

Let’s go back to my first hypothesis, that one can successfully leverage generic sounding gTLDs in the US AdWords market. Let’s say I’m wrong. It certainly wouldn’t be the first time! I love testing and embrace my failures because they only mean I’m one step closer to success. If I fail every week, I know I’m doing my job and pushing the boundaries. In this case, I’d like to argue that these generic gTLDs are still very useful in paid search. Why? The industry is becoming a lot more global. A lot of the easy money in the US is gone. However, when I look at other countries, we’re just getting started. Buy your domains now so that you can leverage them in the future.

One nuance: Degrees.mx is unlikely to work in Mexico because it’s an English word. However, if you choose countries where English is very prevalent, especially in the business world, you’re golden. One example: Degrees.in. I imagine this would do well in India.

As a closing point, make sure to research before buying domain names. Some countries have restrictions. A good example is Canada. Unless you’re a Canadian business or citizen, there are some restrictions that you’d want to become very familiar with before registering dot ca domains. There are ways to make this happen, but I’ve been sticking to the basics myself: Registering domains that don’t have restrictions such as my beloved dot me!

Image of Global Flags © iStockPhoto – yesfoto

Posted in: Domains, Featured | Tags: , , | Comments: 11 comments so far, join the discussion!