Search Engine Optimization/Search Engine Marketing: They Really ARE Rocket Science!
July 2008 By Denny Hatch
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Back in the ’90s, when I was editor of [FundRaising Success sister publication] Target Marketing, this strange thing called the Internet turned up on my radar screen. I did not understand it. In fact, nobody understood it.
For one thing, with the dial-up modem, downloading was s-l-o-w.
Investors fell in love with it and pumped billions of dollars into startup companies that promised to capture millions of “eyeballs,” and a large percentage of those eyeballs would turn into paying customers or cause advertisers to spend money.
“The only bank that takes eyeballs,” Bill Bonner, brilliant founder and proprietor of the sprawling Agora Publishing empire, told me, “is the eye bank.”
I will never forget a surreal client meeting I once had.
Two days of cockamamy ideas
A direct marketing client summoned me to its office for a brainstorming session on how to cash in on the huge money being poured into Internet startups by investors.
The two days of sessions were free-flowing and a lot of fun. We came up with a host of screwball business models that would capture eyeballs, which in turn would capture the interest of investors. But being schooled in direct marketing — which is accountable down to a gnat’s eyebrow in terms of revenue, costs and return on investment — I kept dumping ice water on the proceedings. “How will we get paid?” I kept asking.
“Do not think about revenue,” said the CEO. “Think about eyeballs! That’s what investors are interested in.”
The meeting broke up, and shortly thereafter the dot-com bubble burst. The dot-commers had burned through billions of dollars while the market went up, up, up. Then one day we all woke up and trillions of dollars vanished.
As a consultant, I felt good that I had helped keep these nice folks out of investing in an Internet business when none of us understood it.
At that point, my entire opinion was that the Internet — and everyone who invested in it — was nuts.
It’s not nuts now — by a long shot
I remember in the 1990s, Seattle direct marketing guru Bob Hacker said that the Internet was like 2,000 public libraries and no Dewey Decimal System.
Enter Google, one of the miracles of our time. It became the Dewey Decimal System that allows all of us to find precisely what we are looking for across 156 million Web sites (and counting) in a fraction of a second.
For one thing, with the dial-up modem, downloading was s-l-o-w.
Investors fell in love with it and pumped billions of dollars into startup companies that promised to capture millions of “eyeballs,” and a large percentage of those eyeballs would turn into paying customers or cause advertisers to spend money.
“The only bank that takes eyeballs,” Bill Bonner, brilliant founder and proprietor of the sprawling Agora Publishing empire, told me, “is the eye bank.”
I will never forget a surreal client meeting I once had.
Two days of cockamamy ideas
A direct marketing client summoned me to its office for a brainstorming session on how to cash in on the huge money being poured into Internet startups by investors.
The two days of sessions were free-flowing and a lot of fun. We came up with a host of screwball business models that would capture eyeballs, which in turn would capture the interest of investors. But being schooled in direct marketing — which is accountable down to a gnat’s eyebrow in terms of revenue, costs and return on investment — I kept dumping ice water on the proceedings. “How will we get paid?” I kept asking.
“Do not think about revenue,” said the CEO. “Think about eyeballs! That’s what investors are interested in.”
The meeting broke up, and shortly thereafter the dot-com bubble burst. The dot-commers had burned through billions of dollars while the market went up, up, up. Then one day we all woke up and trillions of dollars vanished.
As a consultant, I felt good that I had helped keep these nice folks out of investing in an Internet business when none of us understood it.
At that point, my entire opinion was that the Internet — and everyone who invested in it — was nuts.
It’s not nuts now — by a long shot
I remember in the 1990s, Seattle direct marketing guru Bob Hacker said that the Internet was like 2,000 public libraries and no Dewey Decimal System.
Enter Google, one of the miracles of our time. It became the Dewey Decimal System that allows all of us to find precisely what we are looking for across 156 million Web sites (and counting) in a fraction of a second.
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