Vertical search, which has steadily gained user traction over the past few years, is about to explode. Jupiter Research predicted two years ago that vertical search would drive industry growth and so far they’re pretty right on. Outsell conducted a study just last year titled “Vertical Search Delivers What Big Search Engines Miss” which reinforced Jupiter’s claim that vertical search engines (VSEs) have a huge potential for growth due in large part to user dissatisfaction with the big guys, i.e. Google, Yahoo! and MSN.
As marketers, you’re much better off spending your ad dollars advertising on VSEs rather than on the broad-based search engines for several reasons, the three biggest being 1) the difference in advertising costs, 2) the difference in the types of traffickers that click through, and 3) the interactivity they offer. Advertising on VSEs is sure to boost your return on investment (ROI). Let’s take a closer look at what VSEs have to offer versus the other guys.
Advertising on VSEs is Cost Effective
According to Sapna Satagopan, a research associate over at Jupiter Research, “Increasing competition and rising keyword prices should motivate search marketers to look for newer, viable opportunities to diversify their incoming traffic.” Google currently gets approximately 97% of its revenue from paid search, but the competition for certain keywords is so fierce that prices are being driven sky-high, far beyond the reach of most small advertisers. The result is that many advertisers are being completely priced out of the market, a gargantuan mistake on Google’s end since they’re missing out on a huge opportunity to cater to these small and mid-sized businesses.
That is where VSEs come in. Because they’re smaller and more specialized, keyword competition isn’t nearly as cutthroat and your ad dollars have the potential to stretch much further. Marketers can expect much higher clickthroughs and conversions on their search ads and a higher ROI on their marketing campaigns to boot.
Quality, Not Quantity
While VSEs don’t generate the massive amounts of traffic that the general engines can deliver, they can still increase your click-to-sale ratios. This is because verticals are highly specialized and cater to niche-audiences. They are industry-specific. What this means for you is that you’ll be reaching a much more targeted audience. People conducting searches on verticals are typically in “hunt mode” meaning that they’re likely to be somewhere in the buying cycle. For example, a user searching for vehicles on Edmunds.com, an automobile vertical, is probably considerably more serious about buying a car than say someone on Google.
Additionally, keywords specific to certain industries will yield much more relevant results on VSEs as opposed to the general engines. The broad-based engines are so enormous with all of the universal information they’re fit to index that many search queries yield meaningless results. Their Web crawlers must discern what’s relevant for millions upon millions of websites, so it’s simply not possible for a certain keyword to give every person exactly what they’re looking for. Not so on VSEs. VSEs use customized algorithms and search strings sending spiders out to highly refined databases where indexes contain information about very specific topics. On VSEs, your customers will find you right away, and more relevant clickthroughs lead to higher conversion rates which will ultimately increase your click-to-sale ratio.
VSEs Are Interactive!
Not only is it much cheaper to advertise to more targeted traffic on verticals, it’s also more interactive. As I mentioned earlier, verticals are industry-specific so information is usually focused on only one industry. They’re typically run by a team of highly specialized professionals so these people are experts on the topics within their niches and are able to offer relevant information and content.
Verticals also offer many enhanced services that the general engines don’t offer such as editorials, blogs, and banners to name but a few. With banner ad programs you as the advertiser can request custom positioning for your banners because most verticals will go out of their way to please their customers. Also, most verticals place direct links to their clients’ sites which gives advertisers an SEO edge because search engines can now associate the advertiser’s site with a highly ranked VSE. Without direct links such as these, search engine spiders might never find some sites.
Because verticals are usually smaller and more versatile, they can accommodate client requests far more quickly and efficiently. They are better suited to adapting quickly to changing market conditions and industry trends. Additionally, VSEs cover issues related to specific topics or industries and can enable customers to blog on their sites. This not only encourages industry participation but also contributes much needed keyword-rich content, a must for marketers who want their sites found by search spiders. Some verticals even hire professional writers to add industry related content, a major SEO benefit.
In conclusion, advertising with vertical search engines is a smart and effective way to give your ROI a boost. Not only do they put your company in front of targeted B2B traffic, they also provide other interactive ways for your company to network and grow. They may not be as mainstream as Google or Yahoo!, but they’re certainly on the right track.