Before we dive into tracking advertising, we must evaluate your purpose so that we can define the goals. Businesses advertise for several reasons with most common reasons including:

1. Branding (awareness) – This goal defines a less immediate return with a focus on long-term gains. Applications such as TV, Radio and Billboard advertising align with branding goals.
2. Lead Acquisition – This goal defines more actionable return that provides leads that can be nurtured and solicited for future revenue gains. Social media advertising, display advertising (banner ads) and search advertising align with lead acquisition goals.
3. Sales (transaction) – While increasing revenue is the ultimate goal for almost all businesses, not all can make this the goal for all advertising due to the longer length of sales cycles. If your organization has capabilities of processing sales on your website, then this goal may be ideal for you. Digital advertising identified in lead acquisition goals also work well for sales goals.

IMPORTANT: If you cannot define your goals, then rest of this article will not be beneficial. I recommend solidifying your goals before doing any advertising. Otherwise, it is impossible to determine success or failure.

Ad Tracking Methods

So, now we evaluate the basic seven effective advertising tracking methods. The list below ranks in tracking methods in order of complexity (from easy to complex).

1. Sales
   Once you start advertising, most companies will either see sales go up or not. If it goes up, then advertising is effective. This tracking method is the most simple. For example: let’s say you start advertising your store or product in June. If you have a short sales cycle, you will see sales remain consistent, increase or decrease in June. If sales increase, you can assume a good advertising decision, If sales decline or stay consistent, you could assume a bad advertising decision. software is needed for this method.
2. Item Tracking/Lost Leader
   With this method, a particular product or service will be promoted. If this product or service receives more customer interest once you start advertising, then you can anticipate the advertising method was successful. You can use software to evaluate effectiveness, but a simple ROI calculation will do.Sample Calculation: You promote XYZ product for a month in ABC publication for $400. Once the month is over, you evaluate volume of XYZ product sold compared to a previous, comparable timeframe (like the previous month). Assuming you had an increase of 30 products sold. The profit from each product sold is $50. You can calculate 30 x $50 = $1500.ROI (actual): 1500 – 400. ROI: $1,200
3. Word Flag (Ideal for Offline Stores)
   This historic method is one of my least favorites, but is still quite simple and can be effective. To use word flag, you would put a statement like “mention this ad” or “bring this ad into the store for a 10% discount” in our advertisement. If you get many responses from customers, then it could be determined the advertisement was effective. You can simply evaluate the effectiveness of the ad by volume of responses. There is no needed software, but you will need to figure out how you keep up with paper clippings or mentions to your staff.
4. Survey
   Surveys are a popular method of tracking that can vary on difficulty, depending on software and implementation. This method requires you ask where the customer heard about you. If you have an offline store, your sales person can ask and manually enter the response into your POS system. Or if you have an online store, you can add the field to your web form. Alternatively, you can send an email out after the sale in more of a traditional format asking your customers how they found out about your store or product. Note: this method can be unreliable as many times customers don’t know how they found out about you or they just select one of the first options.
5. Coupon Code
   Using coupons is one of my favorite methods to track advertising. The concept is simple, but the deployment and tracking is a bit more technical. This process is best explained with a scenario. In an advertisement in a print publication, you offer 10% off to anyone that uses the code “bananas”. In an email sent to a subscriber list of a publication, you offer the same 10% off to anyone that uses the code “apples”. Then, after a certain time period, you can evaluate if you received more coupon users with the code “bananas” vs “apples”. Once you determine which brings in the most sales, then you can be more confident continuing one advertising method (print or email) over the other. You will need special software for this tracking method, which usually is tied into your CMS, shopping cart or POS.
6. Phone Number Tracking  (technical)
   Similar to coupon code tracking, you can utilize phone number tracking. This method will require specialized software as well – usually as plugins or standard offerings with your CMS, shopping cart or POS. With this method, you would have access to many phone numbers that all ring to your sales staff. Then, you would only use particular phone numbers for particular advertising mediums. See the scenario below. In a TV commercial, you make the statement “Call 800.555.1234”. During the same timeframe, you also have a billboard that displays “Call 800.555.4321”. Using the phone tracking software, you can determine which adverting method brings in more phone calls and allows you to continue or increase the amount of advertising in one source over another.
7. URL query/vanity tracking and tagging (Ideal for online transactions)
   Much like phone tracking, URL query or vanity tracking can provide evidence of sales origination in a digital medium.For example: Assume I have two digital ads. One ad on www.ABC.com and another on www.XYZ.com. I can have the link from the ad on www.ABC.com link with a customized URL similar to: www.ABC.com?utc=campaign1. Then, I can do the same thing from the other site, www.XYZ.com, with a customized URL similar to: www.ABC.com?utc=campaign2 . Then, we can use software to help evaluate what actions viewers took on my site based on which site they originated from – either www.ABC.com or www.XYZ.com. You can use Google Analytics to evaluate the data with this tracking method.

Tracking advertising is not always an exact science, but it can help you make better decisions to optimize your spend. There are many factors that come into play with data analysis that impact outcomes. Seasonality, uncontrollable external factors and data sampling size all contribute to the quality of the results. So, use this post as a guide to determine general effectiveness of your advertising. If you get to a point that you need more accurate results, you can always hire a professional.

In my first business, I realized the benefit of having a domain name that was easy to remember (and spell). The domain was ghotibait.com. It is fun play-on-phonics, fictitious word that could be pronounced “fishbait”. It was too complicated and no one ever remembered the name. It was an SEO company, so it was still easily found in Google (two points for Beau).

Selection of a good domain name can be a quick decision or turn into weeks of torment. Trust me, I’ve experienced both. As I have launched additional sites and businesses, I’ve learned much more about domain name selection. Learn from my mistakes and you can follow my simple steps for securing a proper domain name.

The Basics

Below are a few simple tips for selecting the proper domain name. Many of these are common sense, but can serve as a good reminder to keep things simple.

• The domain name should represent the site. If your site is about fishing in Florida, then your domain name should be a variation of floridafishing.com (fishingflorida.com, fishinginflorida.com, etc). Don’t over think it. This is the easy part.
• Make sure to use the appropriate top-level domain (TLD).
  • .com: The most common TLD, “.com” is usually in highest demand, most expensive and often most effective.
  • .org: This TLD is typically used to represent non-profit organizations. 
  • .edu: To use this TLD, registrants must be US-affiliated institutions of higher education. 
  • .net: This TLD is a less reputable version of the popular .com version. 
  • Custom TLD: Nearly any TLD is possible today. Some companies have made these TLDs work, however they are still not as common as the traditional .com. About.me has had much success outside the traditional TLD.  
  • Country Specific: These TLDs are reserved for a particular country, sovereign state or territory. A few examples include: .au for Australia, .ca for Canada and .nz for New Zealand. You can see a full list at Wikipedia. 
• Select quality domain names using best practices.
  • Hyphens: I typically avoid hyphens unless absolutely necessary. There are arguments against use of hyphens as a negative impact on SEO efforts. Yet, I have owned domains with hyphens that have performed decently in search engines.
  • Long names: The best rule of thumb, keep it short.
  • Unique names: Some organizations have been successful with creating unique domain names, Google.com for example. However, it is a gamble. I recommend keeping to a simple name that is easy to remember and spell (reference the domain name of ghotibait.com above).

Domain Research Tools
When I research domain names, it takes about a week of extremely intense searching using various domain name generators. Below are a few that I have used successfully.

• www.dotomator.com: This tool can be used in more of the early stages of domain name research. You can add various keywords (or populate from various pre-set lists) and see what options show as they are compiled together. There is also an iphone app available, as well.
• www.bustaname.com:  This is another early stage research tools. You can import lists, create list groups, sort names, save lists and/or randomly create domain names.
• www.namemesh.com: If you want to research tons of variations of a keyword in the form of a domain name, this is the place to go.
• www.leandomainsearch.com: This site is similar to namemesh.com. There are many many options of variations of keywords. I actually found several domain names using this site that I own today.
• www.panabee.com: This site take the keywords you input and inserts many more words and variations.

Purchase the Domain Name
There are various options for acquiring domain names, but below are the two most common.

• Buy from registrar: These organizations manage the reservation of domain names and must be accredited by a generic TLD registry and/or a country code TLD registry. I use Godaddy.com for my domain names. However, there are many options, including: name.com, networksolutions.com, register.com, and many others.
• Buy from a reseller: Just like any commerce transaction, anyone can sell a domain name. One can buy from an official reseller or anyone on the Internet. To best protect yourself, I recommend using a service like www.Escrow.com. Just remember that anything is negotiable. You can often negotiate the advertised price for a domain and the cost of escrow services.

Conclusion
While you do not want to settle for a domain like www.i-like-to-fish-in-florida-on-sunday.com or www.lajdsflksjdjfesl.com, you typically cannot afford to spend 6 months searching for the perfect domain name. The process usually takes me a few days to about a week of good research. The good news is that a domain name can always be changed. A good example is Dropbox.com. When Dropbox started, it used the domain name, getdropbox.com. Then in 2009, Dropbox was able to secure the official domain name, Dropbox.com.

Most importantly, don’t over think it. Just make the best decision that you can using the resources you can find.

Happy Domain Name Hunting!

While hanging with Jay of CocoDesign yesterday, we started discussing Internet advertising vs traditional advertising. We discussed that the obvious difference between Internet and traditional advertising is the ability to effectively track and target campaigns. After our conversation, I started to ponder how one could even attempt to track the effectiveness of traditional advertising like Internet advertising. The most common measurement practice for traditional advertising is to use custom landing pages, custom phone numbers, or coupons/adcodes. But this is still no measurement of viewers (or opportunities) to conversions, which the vital for tracking effectiveness. To create any kind of effectiveness measurement for traditional advertising, one would have to be able to track opportunities (similar to impressions), engagement (similar to a click or CTR), and conversion (any predefined and preferred action). Below are a few off-beat ideas on how to tracking traditional advertising like Internet advertising.

Billboards
Billboards are a great innovative use of unoccupied space viewable by a large diverse group. However, they are great for one thing: advertising to everyone on the road. There is only few broad targeting options with billboards mostly based around amount of traffic. So, how do you track effectiveness? To track the complete effectiveness of a billboard advertisement like an Internet marketing campaign, you would have to be able to determine the following: how many people pass the billboard? how may people actually look at the billboard and process the message? Then, how many people look at the billboard, use the contact information, then request information or purchase something from the advertiser (conversion)?

Magazines
Magazine advertising is another great method to reach your audience. Magazines provide many more targeting options, but can you truly track effectiveness? To track your effectiveness you would have to be able to determine the following: How many people viewed the magazine (not just subscribers, but all viewers)? How many people viewed the ad and process the message? Then, how many people viewed the ad, visited the website or called, then requested information or purchase something (conversion)?

TV/Radio
TV and Radio advertising is another great advertising method that offers additional targeting options. TV and Radio are wonderful mediums because you can catch viewers when they are most focused. However, there are still limitations with tracking effectiveness. To track effectiveness you would need to determine the following: How many listeners/viewers (number of viewers/listeners that are actually listing to one media device)? How many people processed the message and reacted? How many people requested information or purchased from advertiser (conversion)?

Internet Advertising
For optimal effectiveness and targeting, Internet advertising provides the most flexibility for your reach and budget. Through analytic software, the most effective measurement metrics are readily available: impressions, clicks and click-through-rate (CTR), conversions and conversion rate. Impression data is the most valuable component, because it provides a number of opportunities that were available. Measuring clicks from impressions, you can determine click-through-rate (CTR). Using CTR, a one can determine what ads get more viewer response thus allowing effective measurement and ad testing opportunities.  Once a visitor views your ad, clicks on your site and triggers a conversion, then conversion rate can be determined. Conversion rates provide campaign success data. If impressions are high, then high conversion rate is a great metric to determine that the campaign was an overall success. Of course, if the conversion rate is low, well… you know what that means.

All Internet advertising can be targeted to reach a group with a certain interest. Specific targeting alone saves tons of cash on your marketing budget. Also, using a content network such as Yahoo or Google, any business can advertise in the same space as large competitors even with a much more limited budget.

The Internet experience is a much more personal experience compared with other advertising mediums. Although, Internet marketing tracking methods are not 100% , we can assume that each visitor is only one visitor. Rarely, would more than one person use the Internet on the same computer at the same time. This is an advantage over traditional advertising because there could always be more than one user for each medium. For example: For each magazine subscriber, publishers do not know if 1 person or 15 will actually read the one issue. The lack of knowledge hinders the ability to truly track effectiveness.