Market Data Research Tools
There are certain tools which allow us to “spy” on what other people are doing with their ads and campaigns, tools like:
www.follow.net
www.similiarweb.com
Using these we can track what other people in the same, or different markets are doing, and see what is working in their ads/campaigns
We can see what other people in our market are doing, where they are advertising, what ads and campaigns they are running, and where they are sending their traffic
We can save a lot of time and effort by looking at the ads currently working in our niche, it could take weeks, months and years to figure out what works good in our niche by our own efforts
We can get the market data of what is working now, we can:
•See where they advertise
•See what they spend monthly on advertising
•See how long campaigns are running (hint: if it’s been active for a while it’s most likely getting a good ROI)
•See what images they use
•See what copy they write in their ads
•The colors
•See where the traffic is sent, how the landing pages look •See split test pages
•See what offers they have
We can with these tools easily find out the: •Demographics
•Offer
•Landing page
•Traffic sources
•Ad copy
of what is currently working in our market
And to get even more data we can purchase their products to see the backend sequence, up and down-sells
Split Testing
Split testing is where you have two or more versions of the same thing with a slight difference, and you try to see which one does best
For example: two versions of the same landing page, but you have different headlines, small changes in copy, different call to action buttons, different images etc, and you send traffic to both pages and see which one gets the best % conversion