Show notes
In this week’s episode Of course you’d love to appear at the very top of Google when a ‘hot buyer’ is searching for a new MSP. In many cases you’d need to use Google Ads to achieve this… but are they really worth it? This week Paul dives into the pros and cons of Google Ads for MSPs Also on the show this week, it’s the second half of Paul’s masterclass on PR. Listen for 10 practical killer ideas for generating free publicity Plus, what is a ‘buyer persona’ and how can your MSP use one to out-smart the competition? All this and more is answered by Paul’s featured guest this week, Stormie Andrews Featured guest Thank you to Stormie Andrews from the Yokel Local marketing agency for joining Paul to talk about how to outsmart the competition by creating a fictitious buyer persona. Stormie’s passion is to make it much easier for organisations to attract their ideal clients by understanding how their prospects think in order to experience what it’s like to achieve ridiculous growth. Stormie is a recognised Member of the Year from the American Marketing Association, named as a Top 50 Tech Visionary by Intercon in 2020-2021, and his book, “The Worlds Best Buyer Persona System“, became an Amazon Hot New Releases Best Seller when released in July of 2020. Connect with Stormie on LinkedIn. Show notes Out every Tuesday on your favourite podcast platform Presented by Paul Green, an MSP marketing expert In discussing the benefits of Google Ads, Paul recommended listening back to Episode 88 for a conversation with an MSP who uses Google Ads heavily Listen back to Episode 96 for part one of the conversation on PR and getting free publicity Find out more about Paul Green’s MSP Marketing Edge Many thanks to Kevin Coppins from Spirion for recommending the book Predictable Success by Les McKeown On September 28th Paul will be joined by Jonno White from Clarity to talk about how deal with difficult people when you hate conflict Got a question from the show? Email Paul directly: hello@paulgreensmspmarketing.com Episode transcription Voiceover:Fresh every Tuesday for MSP’s around the world, this is Paul Green’s MSP Marketing Podcast. Paul Green:It’s really great to have you here. Here’s what we got coming up on this week’s show. Stormie Andrews:Often times people approach me wanting to outsell, outgrow their competition, the best way of doing it is outsmarting the competition. Paul Green:We’re also going to be finishing off something we started in last week’s podcast about the difference between PR and paid advertising and why your MSP really needs to pursue more PR and try and get more free publicity. We’ll finish that off today and I’ll also tell you about a service, which will give you a press release every single month. Something that you can just send out to the local media without having to do any work at all. All of this is coming up later in the show. Voiceover:Paul Green’s MSP Marketing Podcast. Paul Green:The question of whether or not your MSP should run Google ads, those pay per click ads, where you only pay when someone clicks on the ad, the question of whether or not you should run them is a really interesting one. Because at first glance, the surface answer appears to be no, but when you look a little bit deeper, there’s a bit of a maybe in there and maybe even a yes, depending on a series of different factors. Let me start at the beginning, so Google ads have been traditionally just the most wonderful way to reach people who are ready to buy or nearly ready to buy what it is that you sell. And in fact, it’s the ads that’s made Google rich and famous and rich beyond their wildest dreams. Certainly Larry and Sergey, the original founders of Google who are now tucked away in their probably very well-protected mansion’s counting their multiple millions, if not billions of dollars, they got rich on advertising revenue. Paul Green:If you boil it down, Google’s very innovative company with lots of products and lots of different things, but their money was made through advertising. They back in the very late 90s, early noughties, figured out a way to make advertising relevant. And these days we take it for granted, but you go back 23, 24 years, and most of the advertising then was kind of spray and pray. You literally put an advert in your local newspaper or on your local radio station or in a magazine or something and you hoped that the right people would see it, which was fine for people who were selling, bathrooms, plumbers, those kinds of things. But what about IT support? If you were advertising in a magazine, how did you know that the people who were reading that magazine were decision makers, the fact is you didn’t. Paul Green:Google for the first time ever, actually I don’t think they were the first, but they were the first to do it at scale. They ensured that when you type something in, whatever someone typed in, you could ask for your advert to be shown. And essentially it was like an auction, well, it still is like an auction system. So you would say if someone types in, let’s say, for example, IT support, please show my advert and I am willing to pay this amount of money if someone clicks it. The idea being that someone who has typed in IT support your town say, is more likely to be a relevant prospect. And then because there were lots of people who were willing to do this, it became a bit of an auction. So if you were willing to pay $2 per click and your competitors were only willing to pay $1 per click, then you would appear higher. Paul Green:Now, there are a whole series of other rules that Google introduced over the years, such as quality score and click through rate and all sorts of things like that. I’m not an expert at Google ads, but I know that these rules are there and they made it more complicated over time. But for a while there, for a good five, 10 years or so, Google traffic was cheap and you were paying cents, literally cents per click. I have a friend who built up a training company off the back of cheap Google traffic. And he said to me, a few years ago, he couldn’t pull off the same trick again today because he was spending tens of thousands of pounds, he’s British, tens of thousands of pounds a month, driving traffic from Google, but he was generating hundreds of thousands of pounds of revenue off that cheap traffic. Paul Green:Well, these days it would cost him more than the revenue he could generate from it, Google has changed the game so much, and this is what makes Google frustrating because we know that if someone types in, new IT support company in your town into Google, you just love to be in front of them at that exact moment, but the price, the price is so high these days. Google made a series of changes a few years ago, which limited the number of adverts. Do you remember there used to be quite a few adverts up at the top, and then you’d have adverts down the side of the search results and then there’d be more adverts down in the bottom? Well, they got rid of all of that and now you’ve just got three adverts up at the top and the adverts look like organic listings. How did they pull that trick off? They did that in front of us and no one really noticed. Paul Green:So Google restricted the amount of advertising available, that of course, drove the price up even more because it’s basic economics there, where demand for something is high and supply is low, the price goes up. It’s pretty much all I remember from my economics A level, that one. So Google has been very clever at pushing that price up and making everything very expensive, well done, Google, but the downside is for us that it is quite expensive to advertise for new clients. And then you’ve got to bear in mind as well, there’s a lot of wastage. I have a few clients that do Google ads, one in particular who put himself through a Udemy course, you know Udemy, the online platform where you can go and learn pretty much anything? He did that course, it was about 20, 25 hours and he then self optimised his own Google ads. And he’s done very well from it, but there’s a lot of wastage and he gets a lot of clicks, but he wants business owners, managers, the same people as you. Paul Green:And he will get a lot of people clicking through and it’s like, can you help me? I’ve cracked my iPad screen and it’s some bloke at home, and that’s not really what he wants. But here’s the thing that client in particular, in fact, some of my other clients who also do Google ads and swear by it and you’ll have heard Jamie Warner say the same thing, if you go back to episode 88, which was a special episode, featuring an MSP called Jamie Warner, it’s an excellent episode to listen to. All of these people, they maintain their Google ads, despite the cost and despite the noise and you know why they do it? They do it because now and again, you get a genuine good lead. And you’ve got to look at it this way, let’s say you spend $5,000 a month on Google ads, let’s just say, and let’s say that you get one decent lead every three months and that decent lead converts into a client, what’s a new client worth to you over its lifetime? We call this average lifetime value. Paul Green:And actually for most MSPs, the average lifetime value of a new client is really high because they might be paying you one, £2000 a month and they’re going to do that every single month for at least five years, if not 10 years because you’re really good at keeping the clients, right? So even if someone is only spending a thousand dollars a month and you keep them for 10 years, that’s £120,000 worth of business. And sure, you’ve got to stick around for 10 years to collect that, although you could sell that contract onto someone else when you come to exit the business. But you get the idea £120,000 and let’s say that did cost you 10, $15,000 to generate that, that’s actually not a bad return on investment. Okay, you have to keep them for a year to get your cash back, but I reckon off that five, 10, $15,000 you spend, you’ll get other clients as well, it’s just they won’t have come through the pay per click. Paul Green:You can’t necessarily track them back to that Google ad, but it got them onto your website in the first place. And maybe then they subscribed to your newsletter or started following you on social media or connected to you on LinkedIn or read what was on your website. And maybe one day they picked up the phone and they can’t remember, they clicked a Google ad, they probably not even aware it was an ad because it looks so much like an organic listing. This is the right way to think about Google ads. If you have the cash to spare, you should absolutely set yourself up with some Google ads so that you have a presence. It’s all about dominating the digital footprint when someone goes looking for IT support companies, and there are lots and lots of little details. Paul Green:You should definitely get a company to do this for you, or as my client did go onto Udemy, buy the training course, there are lots of them there. I think it’s the best selling one is the one that you want to go for, it’s had literally 20, 30,000 sales and put yourself through that and learn what actually makes the difference with Google ads about keywords, negative keywords and all of that kind of stuff. But I do think if you’ve got the cash to do it, you should do it. There’s two reasons why you probably wouldn’t do it. One is if you’re in a super busy area or the other is if you’re in an area where actually there’s just not a lot of people, and this is something Jamie Warner mentioned back in episode 88. He was saying, if you’re in the middle of nowhere and there’s just not that much Google activity happening, then it’s kind of not worth being on Google. It’s one of those things, the only way to find out is actually to try an advertising campaign and set a big geographical area. Paul Green:I think the reverse applies, that if you’re in a massive city, if you’re in Los Angeles where there’s about 500 MSPs in Los Angeles, I don’t know if that’s an accurate figure, but it’s certainly what it feels like. I know Los Angeles is the area we could sell literally 30 times over with our MSP marketing edge. We have one MSP that has it, and we have a very long waiting list for Los Angeles. So if you were there and you were trying to rank highly and make sure your advert was shown for the search term, IT support Los Angeles, there’s a lot of competition for that. So in that instance, it might just not be worth it. But for the vast majority of other areas in most Western market, it’s got to at least be worth an experiment, give yourself three months, set a budget for three months, get someone to do it for you, or get educated to do it. Try it as a three-month experiment. It’s only got to generate one client and it’s paid for itself many times over. Voiceover:Here’s this week’s clever idea. Paul Green:Last week on the show, we talked about the theory of PR, public relations or getting free publicity. And if you haven’t listened back to that, it really would be worth perhaps before you listen to this bit, just nipping back one episode and listening to what I was talking about last week. Today, I’ve got for you some practical stuff, some actual things that you can do to get yourself free publicity. And the first thing to do is to write a press release. So I taught last week about story suggestions, that’s all the press release is, it’s your way of suggesting a story to your local media. And writing a press release is actually easy, press releases are a tool, that’s all they are, they’re a tool of public relations. Now, writing a press release and sending it out in itself, won’t get you media coverage. But if you can create a press release, that’s used as a tool to communicate a great story to a journalist, that is a different matter. Paul Green:It’s like when you’re just selling stuff in the business, if you’ve got something that people really want, it doesn’t matter if your website isn’t quite right or your marketing, your sales literature isn’t particularly effective. If people want it, then sure, those things will diminish your sales, but they won’t affect the basic demand for these things. And it’s the same with PR, if you’ve got a relevant story that’s packed with standout ability, journalists will want it. Now, if you can’t write a press release particularly well, it might make it harder for you to communicate the story, but ultimately if it’s good enough, journalists will want it anyway. So the most reliable way to communicate a story to a journalist is to send out a press release and then follow that press release up by phone. I mean, you can call them by phone before, but most of the time they’ll just say, “Hey, send me an email, send me a press release.” Paul Green:So I found, and I did actually run a PR company for a couple of years, so I’ve been both sides, I’ve been the journalist and I’ve been the PR person, that didn’t enjoy doing PR. But the best thing to do is send out the press release and 24 hours later pick up the phone, or maybe even just a few hours later, pick up the phone, call them and say, not just, “Hi, did you get my press release?” Because I hear that a thousand times a day. But I sent over a story suggestion to you, summarise it in three seconds, is that something I can help you with? And nine times out of 10, they’ll go. No, or they won’t know what it is, but do you know what? Just that little follow-up phone call, which not many people do can be quite helpful at flagging things up to the journalist. So you need to be able to communicate in a written form and journalists like to see written versions of the story you’re suggesting just because it makes it easy for them to write their version of the story. Paul Green:So whether you’re putting together a press release or even just emailing over in a basic way, these are the basic elements that you need. The first is an attention…
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