Local Google Traffic – Why Internet Marketing?
Over the last 10 years or so, the internet has become more and more ingrained in our daily lives. People use the internet to search for almost everything, including local businesses and other local information.
And with the explosive growth of smartphones like Blackberries and the iPhone, this move to searching for everything online is just going to happen faster.
If you’re not reaching your customers (and potential customers) in the places they’re searching for information, you’re going to get left behind by your competition that is.
In this article, we’re going to look at some of the things that you need to be aware of when marketing your mortgage business on the web, as well as some of the ways that you can not only reach new customers, but get your existing customers to spend more money with you, and do it more often.
The Move to Online Search
According to Google, 20 percent of all searches are related to location. And comScore reports that Google served up 10.7 billion searches in April, 2011. That means that approximately 2.14 billion searches were related to location – in other words, local search.
These numbers have been increasing every year over the last several years. Compare them to April, 2008 when Local Google Traffic served up 6.5 billion searches, which means roughly 1.3 billion local searches.
And one of the advertising mediums that is being hit the hardest by this move online is Yellow Pages directories. Traditionally, the Yellow Pages has been the “go to” source for local businesses, and as a result if your business wasn’t listed in the Yellow Pages, you would be missing out on a lot of potential customers.
But with the transition to internet-based local search, those searchers are becoming less and less likely to use the Yellow Pages. And not only because of the convenience and speed of the internet – they’re also looking for reliable sources for reviews and other information about the companies they’re considering which isn’t possible with print advertising.
The Yellow Pages Dilemma
Yellow page providers realize that they need to do something to keep from becoming extinct in a few more years. One of the solutions they’ve attempted is internet-based Yellow Page be directories.
These directories work much like the printed version. Your ad gets placed in whatever business category is applicable, on the assumption that people will use those directories to find local businesses. But the reality is that those sites have very little traffic – Google, Bing and Yahoo are the places that people turn to when they’re looking for local businesses.
This is good for you for several reasons:
You have much more flexibility in how you present marketing your mortgage business through the search engines than you do with online Yellow Page directories.
Your costs will be much less than what you would pay for an ad in the print version of the Yellow Pages, particularly compared to larger ads.
With local search marketing, you can update or make changes to your ads as often as you want. Compare that to a print ad that can only be changed annually.
And on top of all those things, the internet gives you a much larger reach. Yellow Pages directories generally get distributed once a year, and only to households that have landline phones.
According to a study that the Department of Health and Human Services at the National Centre for Health Statistics ran from January to June, 2010, approximately 24.9% of all adults live in households with only wireless phones. They have given up landlines completely.
That means nearly 25% of your target market may not even receive a Yellow Pages directory. They rely on the internet for virtually 100% of their searches. And interestingly, even more children (29%) live in households with no landline phone. So as those children become adults and move out on their own, these numbers are expected to grow.
The bottom line is that more and more people are using the internet to search for local information, including mortgage brokers marketing businesses like yours.