BiyoArt Business Update
Business
Update; 2007
It's currently early February 2007 and another mild but busy winter to
date. After finalizing this past year's taxes it has finally happened...we
broke even for our road art festival expenses. In 2003 we were at a 5
to 1 ratio, 2004 at 4 to 1 and 3 to 1 for 2005. So, finally for the year
2006 we were at about a 1 to 1 ratio of expenses to sales...about time.
But, our in-house expenditures were also elevated to produce the increase
in sales. So, now that we are ramped up to the new business offerings
our production expenses for this year should be back to normal and sales
on the increase with the new offerings.
All
of our new offerings of graphic art reproductions are currently online,
with new ones being created monthly as the urge or request dictates. We
have also had success with our recently implemented online order system
allowing customers the conveinence of e-commerce shopping. But, the only
orders have been direct email contact and not search engine query orders.
Not one single online order has come from our free Google Froogle listings
or from any other search result. Google Froogle has also recently changed
their listing requirements to include a more expanded listing of item
attributes or object details. We are still working on the listing and
have until the end of February to update our listing. But, over the summer
art festival months it was gleaned that most customers had never heard
of Google Froogle...now that is a problem. Also, we have found out that
our search definitions within Google no longer bring up our website keywords
and hence product listings in Froogle. Our product listings are now a
drop in the ocean in Google, which has about 70% - 80% of the search market.
Our search definition in Yahoo still bring us in on the first page, but
they only have about 10% of the market. We also had to change our search
engine submission company and lost six months of heiarchy, albeit it really
didn't matter in the end...no sales.
Upon
reflection of our situation of only being able to market to the places
we visit on the road, because of the non-existent metrics of sales from
search engines, it was decided to begin an advertising campaign with the
new art prints. We looked at Google AdWords a few years ago but were not
confident in our return on investment due to the lack of festival sales
on the road at the time. But now that our new products are selling very
well it's time to research the cost again.
We
are now researching the cost of Google AdWords and the highly important
use of keywords for targeting of customers...and it's not as easy as it
looks or sounds or acts. It's a little complex at determining and developing
an advertising campaign, at least one that will work over time, and that
is exactly what it will take...time, research and metrics.
Also,
the research of keywords online has brought the stark reality that our
website pages utilize incorrect keywords to target customers...and this
has led to the following statements for the 2007 season :
New
website slogan : It's not what you think how people will search, it's
how they actually search . . .
New
advertising slogan : Give them what they want, but didn't know they
were looking for . . .
...got
lots of work to do.
Mid
March 2007 update has put a hold on our AdWord campaign as soon it was
learned that the position placement of the ad is directly associated with
the page rank of target page and therefore cost of the ad. The lower the
page rank of the target page, the higher the cost of ad placement. Since
our re-formatted site, along with file re-naming clarification, has yet
to be indexed on the major search engines, it would be fiscally wise to
wait until such time as being indexed. Of course they also have to choke
on and terminate all the 404 status files that no longer exist as well
as index the current file structure and art print images.
We
are also utilizing the Google Webmaster Tools account to research site
indexing and manually publish our website sitemap.xml.gz updates. It would
appear that Google is a little slow at updating the index; they have hundreds
of 404 files that have been crawled and hundreds of new files crawled
with little update to the indexing file. Also, reformatting the website
pages for proper titles and keywords, updating the Frameset page noframes
content and reviewing and updating thru enrichment the page content. Also
utilizing the W3 Markup Validation Service for website page code validation.
We had to add the DOCTYPE of Frameset and Transitional to reduce page
errors, but stopped short of correcting the few page style errors that
should be handled with Cascading Style Sheets (CSS). We will leave that
update for another day.
Until
then, we have researched and listed our Art Reproductions on selected
major shopping websites: Yahoo Shopping, Shopzilla and Shopping. Others
were researched, but they either didn't list their rate cards, termination
guarantee was costly, site wanted a monthly fee for listing or we had
never heard of them. For the selected sites Yahoo was the easiest and
most efficient to establish products online with, although we had to modify
our Company Contact Information page on our site. Shopzilla had problems
uploading images for all of the product descriptions which were listed
within a couple days of product feed; one week later and they still have
only listed eighty percent of the product images. Shopping site account
broke once it had trouble remapping the product feed to the proper subset
of Wall Art. Technical assistance, five days later, got all of the products
listed properly, but now the account shows no products listed; one week
later and technical assistance has been aware of the issue and is trying
to resolve it. Our listings are a cost-per-click (CPC) listing with the
minimum cost of $0.15 for Shopping and $0.30 for Yahoo and Shopzilla.
All of the listings appear high in search page rank, which could be for
new listings, but it's a good sign on position. On a final note, Yahoo
has included dual listings for the sports art prints, Shopping offers
larger view options and the Shopzilla product images are a little small
which lends itself to clicking for a better view. We'll see how the basic
cost return works out as well as research for optimization on the accounts.
As
it has been learned; a Shopzilla account gets you listed on the shopping
sites of Bizrate, Shopping AOL and Shop Lycos, a Shopping account gets
you listed on the shopping sites of Dealtime and mySimon, with site reviews
on Epinions. These listings also include the search site shopping widget
at partner sites which could eventually be several hundred other sites.
Update
April: we terminated our account, within one month, with the Shopzilla
network of shopping sites. The quantity of clicks generated by the network
were ten fold greater than Shopping and Yahoo shopping networks, which
have as many unique visitors per month as did Shopzilla. The main problem
with the Shopzilla listing is the size of the product image. They ask
for an optimized image size of 200x200 pixels which they reduce to less
than 100x100 pixels in size. Most of the Wall Art images listed are too
small to appreciate the product and hence get what I call the curiosity
click. The other networks have larger, discernible images and in some
cases a larger view option. Also reviewed the shopping comparison site
of Jellyfish, which utilizes the cost per sale concept of product listings.
After the research it was determined to be the wrong type of venue for
the art prints to be listed.
Update
May: Google announced an update to its homepage to incorporate a Universal
Search page where by all search criteria will be available on one page.
How this will effect its Product (Froogle) and image search and Adwords
is yet to be determined, so we will wait on the Adword campaign. Plan
to look at the Yahoo Sponsered search by the end of June since they offer
to open the account with 100 dollars. Have a few designs that need to
be done by the Buffalo show before the female lacrosse players get ahold
of me for only having one male lacrosse design. Also, in the process of
dropping the state of Ohio from the show listing, the expense of the distance
far out ways the possible return on sales.
Update
November: Art festival shows have come to an end for the year. Early indications
from the spreadsheet is that sales more than paid for the cost of attending
the festivals. An excellent year...to date. The Art Reproduction pages
on the website have been updated to show the art in its various colors
available instead of listing the colors on a drop down menu. Customer
feedback, or should I say confusion, warranted the modifications. The
Art Reproductions are also now available in the 20x27 format following
a morning of figuring it out and a note from one of the shows that some
patrons had suggested it. But, it was also for producing silkscreen photopositives
with the the newly ordered Epson Piezo Pro Clear Film using the ultrchrome
pigment ink of the Epson 4800. Going to see if the cost of obtaining photopositives
for the lined masking layer of the silkscreen can be produced in-house
for about $5 instead of $25 to $150 per sheet. Also followed through with
an idea from a few years ago and ordered 11x17 sheets of Inkpress Transparency
Film that apparently works well with ultrachrome ink. Trying to design
a new product line of Art Reproductions in 3-D in between following up
with all of the design requests from the art festivals. Got a lot of e-mails
to send....
The
Google Adword campaign was launched near the end of October. It has required
a lot of time to initially monitor all 18 campaigns of sports art and
gifts, but it has slowly normalized. Within one week there had been 1.5
million impressions for the ads, but alas no sales and a scary capped
budget. Fine tuning has brought the content network impressions way back
since it was determined that the impressions and clicks for sites like
MySpace were possibly more curiosity clicks than a sale. The negative
keywords are also currently up around 150 to 200, and increasing as required.
Utilizing tools through our ISP service, clicks are monitored to establish
metrics on the landing pages and to determine whose IP came to visit and
from where to make possible alterations to the Adword account. The clicks
are not lacking at this point...just the sales, or the quality of the
click. So, it's just like being at an art festival, not all people who
visit purchase. But, if sales do pick-up it sure beats the expense of
having to drive to Chicago...tis the season also.
December
update has the Google Adword campaign completely shutdown for both the
content network and gift keyword ads. The only remaining ad campaigns
being utilized are for the art associated keywords. We had great click
through rates (CTR) for the campaigns, but the sales return was only twenty
five percent of the cost of running the ads. We are looking at updating
our Dreamweaver website software to CS3 and getting rid of the website
frame structure and window resizing. This will will give us better landing
page rank for the cost per click (CPC) and a higher ranking on the search
networks with all of the content appearing on the source page. This would
update our site to the latest cascading style sheet (CSS) design criteria
and allow for certain page redesigns and overall site experience...a very
large effort...again.
The
new silkscreen process utilizing the film on the Epson 4800 printer for
the line masking layer was a complete success. Future exposure times need
to be extended to compensate for the slight opacity of the film. Process
photos were also taken to add to the website showing the screen alignment
process. Delivery to the customer also went well as they placed an order
for two more silkscreen designs for this spring.
We
had a few problems with a couple of framed art shipments arriving with
damaged glass over the past couple of months. The packaging for the smaller
framed art has been increased and modified to include the stiff foam insulation.
The cost of shipping and handling in turn has increased and therefore
the website shipping costs have also increased across the board for all
sizes by five dollars. The unframed art reproductions that ship USPS have
increased one dollar due to an actual cost increase. Photos of the shipping
insulation will also be added to the website. We were also informed that
our credit card account now accepts the Discover Card as payment at the
same rates, so the website was updated to include this payment option.
These shipping and credit card changes required modification to our customized
MerchantPAL code. All went well since an order was properly processed
the following day.
It's
been real
We'll have to do it again real soon.
Talk at ya.
-yO
5
- December - 2007
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