Investment Expertise Will Boost Your SEM Career

Posted by: Ian Comments: Be the first person to comment

Nov. 26

As you may know from my about me, I was co-president of The Charles R. Blyth Fund, Stanford University’s prestigious real money investment club. My passion for investments actually dates all the way back to my high school days. I’m still addicted to the game and can’t get enough whether we’re talking public companies, private companies, or even commodities. You may be thinking, "What the heck does this have to do with pay per click search engine marketing?" Surprisingly, it has a whole lot to do with your SEM career.

Connect With Internet Executives on an Investment Level

Bull Market

I have a natural ability to hold lengthy conversations with executives. I’m very proud of my ability and it’s something that I’ve been leveraging since day one when I interviewed for my first PPC job in 2004. For a while, I didn’t really know why I had such successful relationships with senior executives. Now, I do. What am I typically talking to executives about? All aspects of investing!

At the end of the day, all executives are investors. All executives enjoy talking about investments. From my experience, all executives are passionate about investing in their personal portfolios, but let’s put that aside for a minute. Focusing just on the operations of your organization, executives are in strategic roles where they’re often making investment decisions for the company. They need to know the market thoroughly and are always thinking on a merger and acquisition level. From that perspective, it’s impossible to be an Internet executive without being an investor. Now, If you’re a passionate investor, you immediately have a common point of interest that you can leverage to make a great name for yourself and increase your odds of promotion.

Your Investment Knowledge Will Add Value To Your Company

Now, you may be thinking, "Ian, this sounds a bit superficial. So I’m supposed to shoot the bull with the executives about tomorrow’s hot stock and I’ll get promoted?" The short answer: Yes and no. There are two important takeaways here. As you get promoted, you’ll become a visible leader within your organization. You need to prove you can hold a conversation with the decision makers (and investing allows you to connect and prove your abilities).

Second, I truly believe your knowledge about investing will add serious strategy level value to your organization, which is exactly what leaders need to do. There exist a multitude of ways your investment knowledge could pay off greatly. I’d like to highlight just one small example next.

I’m passionate about sifting through thousands of small company stocks. One day, I took this passion to the next level by searching for small Internet businesses that could make great acquisition opportunities for my employer. I started frequenting sites like Buy Sell Website to find website investment opportunities. One day, I came across a perfect acquisition opportunity for my current employer. I drafted up a proposal and after our due diligence we ended up acquiring my recommended investment. Needless to say, this definitely helped my career.

Learning About Investment Essentials – A PPC Manager’s Guide

So this all sounds great, but you’re not sure where to start. First, there’s absolutely no reason to worry at all. You’re a pay per click search engine marketer. The tasks that you’re performing every single day are precisely the same skills that will help you become a great investor. You’re great with numbers, modeling, Excel, operating to a solid margin, and identifying growth opportunities. PPC is the quintessential operational role and it sets you up to become an investment superstar.

In terms of building your investment toolkit, following are my top pieces of advice specifically for those in pay per click search engine marketing:

  • As soon as you hit your stock option vesting cliff (typically one year after your start working for your employer), exercise at a least a percentage of your stock options. This will give you access to your company’s annual report, not to mention putting a little bit of your personal wealth on the line. Spend time reading your company’s annual report at length. You’ll learn a whole new dimension about your organization and will be armed with the very information that decision makers are pondering daily.
  • Know all the players in your industry, both public and private. You’re probably already familiar with your competition from the PPC landscape. Take it to the next level by researching them from a strategic investment perspective. A great place to start is Yahoo! Finance. The ties you’ll start forming between your operational knowledge and the strategy side of things are astounding. The ties will help you formulate and communicate your PPC strategy on a whole new level.
  • Read as many investing books as you can. I know, you have limited time. You need to make time. Robert Kiyosaki is a great introductory author and my favorite financial mentor. Over the years, I’ve read a huge number of investment books. Because you love PPC odds are you’ll get addicted to investment books like me!
  • Last, make sure to invest a few of your own dollars. There’s no better way to learn that putting your own money at risk. Never risk more than you can afford to lose and start small. Your company-sponsored 401k might be the best place to start. Then, consider a brokerage account and start investing in individual stocks. This experience will greatly reinforce everything else.

To close out, I want to underscore the importance investing as a tool to accelerate your SEM career. PPC and investing go and in hand. Armed with the two, you’ll start seeing major strategy opportunities and will climb the corporate ladder to become a PPC executive in your own right.

Image of Bull Market © iStockPhoto – Henrik5000

Posted in: Career, Investing, The Game | Tags: , , | Comments: Be the first person to comment!

SEM Career Progress and Your Manager

Posted by: Ian Comments: 4 comments so far

Nov. 22

When I first started my career in search engine marketing, I thought salary, title, and company were everything. Don’t get me wrong, all of these things are super important. However, at the end of the day, I now advise placing the most emphasis on selecting the right manager.

Where is Your Search Marketing Career Going?

Select Button

As you might know by now, Robert Kiyosaki is my favorite financial author and mentor. One of the things he constantly highlights is the velocity of money. The rich keep their money moving. It goes from one solid investment to another and doesn’t sit still. This velocity keeps the portfolios of the rich growing. Through this lens, it’s not really about where you’re investing now, but where you’re going to be investing next.

I really like this concept because it applies perfectly to your career in SEM. Seriously! Our industry is moving very fast. The best strategies today will be commonplace tomorrow. If you’re not thinking one step ahead, you’re destined to plateau. I personally place significantly less importance on where I am today versus where I’m heading tomorrow. Now, the crux of the issue: Without a great manager, you’re not going to have sufficient velocity to achieve that next level of excellence. You’ll be stuck. While your current salary, title, and company are important, all of this is worth a lot less if you’re going to plateau in the high velocity industry of SEM (where the value of tomorrow is tremendous).

Bad SEM People Managers Will Hold You Back

As you may know from prior posts, I place tremendous emphasis on good people management. People management gets me up each and every morning! There’s nothing better than mentoring my team to success and promotion. Unfortunately, not all PPC people managers think like this. We’re in a very young industry with many SEM team leads having just a few years of work experience. I’ll cut right to the point: A bad manager can wipe all the velocity out of your promising SEM career.

How might a bad manager accomplish this? The worst PPC people managers:

  • Take personal credit for everything their team accomplishes
  • Spend little or no time coaching their team
  • Have low energy and are perfectly fine with a boring work environment
  • Rarely give their team exposure to senior management
  • Feel the need to compete with their own team members
  • Focus exclusively on themselves
Great PPC People Managers Give You Velocity

Now, how does a great SEM people manager differ from a bad one? Basically, they avoid every single thing on the above list! It’s really fundamental: The best SEM people managers give you velocity. They give you education. They give you visibility. They set your SEM career up for long-term success. They are selfless and take no credit for your work. They take full credit for your training, your morale, your progress, and your contribution to the organization. Moreover, a great SEM people manager will be your mentor for life regardless of whether you still report to them.

To close out, I’m writing this article because I have been blessed with great managers. My first manager is my mentor and friend to this day and I owe a lot of my own success (and managerial style) to him. If you take one thing away from this article, please place all the emphasis in the world on picking the right manager in your next SEM career move.

Image of Select Button © iStockPhoto – lauriek

Posted in: Career | Tags: , , , | Comments: 4 comments so far, join the discussion!

Keeping Detailed PPC Records

Posted by: Ian Comments: Be the first person to comment

Nov. 15

In pay per click search engine marketing, a lot is going on at once. Even more is going on if you follow my advice around making progress in your search engine accounts. Now, if you’re like most search engine marketers, your records may be less than perfect. Today, I’m excited to discuss my thoughts around records in PPC and why they’re import both for the health of your campaigns but also your personal SEM career growth.

Good Records Will Help Your SEM Career

PPC To Do List

I’m going to jump right to the fun stuff. How can good records in pay per click help your personal career? It’s simple: Records are the easiest way to remember all the hard work you have invested when the time comes for your performance review. Pay per click is a very fast paced career. We’re getting so much done and often switching tasks so quickly that it’s absolutely impossible to remember everything you’ve accomplished. Here’s where good records come in. Take the time to thoroughly document everything you’ve done and then leverage this information during your performance review. Even better, proactively send your manager regular updates on your (and your team’s) accomplishments. One of my all time top teachings about the search engine marketing game: If you don’t proactively take credit for the projects you’ve completed, you’ll never get credit. It’s up to you!

Good PPC Records Will Improve The Performance of Your Campaigns

Now, let’s see how good records will help the performance of your campaigns. (As a side note: Again, this really is a career boost for you as well because solid campaign performance is the engine behind rapid career progression.) It’s all really simple: Too much is happening in SEM. Just think about all the changes and all the different people involved! Not only are you making changes, but everyone on the team is making changes, your search engine reps are making changes, search engines are changing their algorithms, the engineering team is regularly updating the site, and the list goes on. Keep track of everything in a detailed manner and it will greatly improve your campaign management abilities. Good records will instantly answer many of your campaign questions.

How Do I Keep Good PPC Records?

So I’ve convinced you and you’re ready to improve your record keeping practices. I’ll start out with an interesting story. When I first started out managing teams in pay per click, I used to print out every single analysis my team completed and kept them all in a binder which I carried with me everywhere. If I ever got a question about what we were working on or what was happening with a campaign, I would quickly pull out the binder and flip to the right analysis. While this is an extreme example, there’s nothing wrong with it and it only makes you look more prepared as a PPC team manager.

While I’m not carrying around the binder these days, I still take incredibly good records. Following are my favorite tips:

  • First and foremost, leverage your company’s internal task list infrastructure (such as Sharepoint) if they have one. If they don’t, talk to your manager and request that your company invests in one. Even if I finish a project that only takes one hour, I’ll open a ticket and then immediately close it just so I have detailed records. At the end of the quarter, you can easily look at all the completed tasks both for yourself and your team.
  • Second, if you’re a people manager spend at least 20 percent of your time planning, forecasting, and keeping records. If you’re an individual contributor, spend at least 10 percent of your time. While this may sound extreme, I’m a big believer in SEM productivity leverage. If you simply take a step back, you will immediately improve your productivity. If you don’t take a step back, it’s very easy to get absolutely lost in the sea of projects going on, losing your ability to see up from down.
  • Third, regularly send updates to everyone involved including your team and manager. Even though you’re tracking your projects in Sharepoint or whichever system your company uses, don’t assume everyone is on the same page (especially your manager). Send regular email updates on what was accomplished, what’s on your list, relative priorities, and most importantly forecasted and real numbers.
  • Finally, always include numbers with everything. I’m sure you already know it: numbers are everything in pay per click. As a pay per clicker, you need to become a master at forecasting. Always forecast the benefits of each project, but make sure to close the feedback loop and report back on the accuracy of your forecast. If you’re able to accurately forecast and consistently deliver results, you will get promoted quite rapidly.

To close out, I hope I’ve convinced you to keep good records and leverage them to your advantage in growing both your personal SEM career and also your campaigns. Moreover, I hope these tips provide some "quick wins" in your search marketing career. One things is for sure: I will continue to push myself each and every day to keep great SEM records!

Image of To Do List © iStockPhoto – nigelcarse

Posted in: Leverage, The Game | Tags: , | Comments: Be the first person to comment!