Tuesday, October 30, 2018

The 34 Marketing Principles I Live By

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neil patel

Can you guess how long I’ve been a marketer?

7 years? Maybe 10?

Guess again.

I’ve been a marketer for 18 years now. That’s a long time… And funny enough, I’ve also been an entrepreneur for the same amount of time as I’ve never really held a “corporate” job.

Many of you think I am smart, and I am great at marketing. But let me burst your bubble… I am NOT smart, and I am NOT a great marketer.

Instead, I’ve just been doing everything long enough where I’ve learned what not to do.

See, the first 4 or so years of my marketing career went really slow and didn’t go the way I wanted. This was mainly because I kept making mistakes. And even worse, I kept repeating the same mistakes over and over again.

So, when I was around 20 years old, I created a list of marketing principles to never break because I wanted to ensure that I didn’t repeat the same mistakes over and over again.

Over time I kept adding to the list, and it has helped me succeed not only as a marketer but also as an entrepreneur.

Hopefully, the list principles below helps you get to where you want in life. I know it’s helped me tremendously.

Here goes:

Principle #1: Don’t be the first

So many new marketing channels pop up, don’t be in a rush to try them all. Especially when these channels are new and unproven. You’re more likely to waste time than find wins.

At the same time, you don’t want to be the last either. The key is to be an early adopter. Once a channel is picking up steam, that’s when you want to jump on board and see if you can leverage it for your business.

Principle #2: Ride it while it lasts

Every channel that works eventually gets saturated. Some fade away, but most stick around, and some just don’t work as well.

For example, Facebook grew through sending out invitation emails to everyone in your email address book. That just doesn’t work anymore.

Digg used to be an amazing site that drove 100,000 visitors to a site in less than 24 hours. It doesn’t anymore. Google AdWords used to be a cheap way to drive sales. It still works, but it is expensive.

When you find a channel that is working amazingly well, push hard and milk it for as long as it lasts. As time goes on, you’ll want to keep leveraging it, but you’ll naturally have to scale back as more competitors jump due to price increases.

Principle #3: Sales and marketing should be owned by one person

To truly grow, you need to understand the whole picture. From how someone comes to your site, to what they are looking for, to how to sell, upsell, and retain a customer.

You need to think about the whole cycle a customer goes through.

For that reason, a company eventually needs a Chief Revenue Officer (especially in the B2B world). A CRO is someone in charge of both sales and marketing. The departments can run separately, but they need one boss.

When both departments don’t roll up into one boss, there is typically is a disconnect. This will cause the conversion rates to be lower.

Principle #4: Go all in during recessionary periods

The market moves in cycles. When things go down people pull back on marketing. Don’t optimize for short term gains, optimize for the long run.

Marketing tends to be more cost-effective during recessionary periods. This is when you should be spending more, doubling down, so that way you can beat your competition once the recession is over.

Principle #5: If you aren’t thinking long term, you won’t beat your competition

Most publicly traded companies optimize for a return within the first 12 months. Most venture-funded companies have a 1 to 3-year outlook. If you want to beat these companies, you need to have a 3-plus year outlook. This will open up more marketing channels that your competition can’t look at due to investors and outside pressure.

With your marketing, it doesn’t mean you have to lose money for 3 or more years to beat your competition. It means you just have to get creative. For example, I know marketing costs are rising each year, so I’ve invested in software to generate visitors at a much lower cost than CPC advertising.

Doing these sorts of things requires patience as it can take years for creative ideas to come to fruition.

Principle #6: Never rely on one channel

Good channels eventually become saturated and it’s too risky if your marketing is solely based on one channel.

If it goes away or stops working for your business, it will crumble you. You can’t control algorithms, and you can’t always predict costs. Focus on an omnichannel approach.

In other words, you can’t just do SEO or social media marketing. You need to eventually try and leverage all of the major marketing channels.

Principle #7: Marketing tends to get more expensive over time

It’s rare for marketing to get cheaper. You can’t control this. As much as you focus on marketing, you have to focus on conversion optimization. It’s the only way to keep you in the game as costs increase.

Try to run at least one A/B test each month. And don’t run tests based on your gut. Use both quantitative and qualitative data to make decisions.

Principle #8: Don’t take your messaging for granted

No matter how effective your traffic generation skills are, you won’t win if people don’t understand why they should buy from you over the competition. A great example of this is Airbnb. They beat Home Away and are worth roughly ten times more.

They both have a similar product and they both executed well. Airbnb came out much later, but they nailed their messaging.

Spend time crafting and creating amazing messaging. Typically, amazing messaging requires story-telling and understanding your customers.

You may have to survey your customers or talk to them over the phone, but eventually, you can come up with the right messaging using qualitative data. And once you’ve figured out the right messaging, retest each year as market conditions can change, which will affect your messaging.

Principle #9: The numbers never lie

Opinions don’t matter!

Marketing should always be a data-driven approach. Follow the numbers and keep auditing them as things will change over time. What works now may not in the future due to external factors that you can’t control such as privacy and security concerns.

For example, if you users claim to hate exit popups, but the data shows an exit popup increases your monthly revenue by 10%, then continually use the exit popup.

People within the organization will complain and argue with you, but as long as you aren’t doing anything unethical, follow the data.

Principle #10: The best thing you can do is build a brand

Whether it is a corporate or personal one, people connect with brands. From Tony Robbins to Nike, people prefer brands. By building a brand, you are building longevity with your marketing.

Don’t ever take it for granted and start building it from day one. No matter how small or big your company is, you should continually work on improving your brand.

From the story behind why it exists to showcasing it wherever you can, push hard on branding. In the short run, it will not produce a positive ROI, and it is hard to track the value of a growing brand, but it works.

When people want to buy sports shoes, they don’t always perform Google searches. Instead, they just think “Nike.” When people want a credit card, they think Visa, Mastercard, Discover, or American Express.

Brands are powerful and create longevity.

Principle #11: Always protect your brand

You’ll have opportunities to generate quick sales or traffic at the sacrifice of your brand image. Never do it.

It’s better to have less traffic and sales in the short run than it is to tarnish your brand in the long run. If you tarnish your brand, you’ll find that it will be hard to recover and cost more money.

Principle #12: Don’t take shortcuts

Every time someone presents a social media or SEO shortcut, avoid it. Typically, they won’t last long, and they could set you back through a penalization. It’s better to be safe and think long term.

It will be tempting but say no.

Principle #13: Don’t market crap

Building a crappy product, service, or site just won’t cut it. With the web being competitive and it being easier to start a site online, you need to make sure you have something incredible.

It’s 10 times easier to market something people love than it is to market something people don’t care about.

No matter how good of a marketer you are, it’s not easy to market something people don’t want. So first focus on creating something amazing.

Principle #14: Hire a full-time affiliate manager from day 1

There are always people within your space who aren’t competitors and have an established user base. Have a dedicated resource continually reaching out and partnering with these sites and companies.

It’s a good long-term way to grow without having to invest a lot of capital. Even if your product or service isn’t ready, hire this person from day one as it takes 6 months to fully build up a good base of partnerships and affiliates.

Principle #15: Go against conventional marketing wisdom

Doing what everyone else is doing won’t work for the long haul. Doing the opposite usually works much better.

It may sound risky to go against the grain, but it is one of the best ways to grow when you are in a saturated market.

A simple example of this is how Gmail grew when they first came out. Space was crowded and even though their tool was great, so was a lot of the competitors. Gmail grew by creating the illusion of exclusivity. People had to be invited by other members to get a @gmail.com email address.

Principle #16: If you aren’t scared, you’re not pushing the limits

If you’re cheering about everything you are doing when it comes to marketing, something is wrong. You need to be scared and be going through a mix of emotions every time you launch a new marketing campaign.

If you aren’t then you’re not pushing the limits. Testing campaigns that your competition won’t ever dare to try, and, of course, be ethical when doing this. Don’t burn your brand.

The bigger the risk, the bigger the reward. Those who push the limits, tend to have a greater reward.

Principle #17: Don’t be unethical

You are going to have opportunities to gain quick wins at the cost of your customers. Always put others first. It’s the only way to survive in the long haul. In general, if you are going to have trouble sleeping at night, you shouldn’t be doing it.

A good example of this in marketing is how affiliates use forced continuity. This is when they sell physical products for free as long as their customers pay for shipping. What these customers don’t realize is that they are going to receive the same product every month and they will get a bill every month as well.

Don’t be unethical.

Principle #18: Get the right influencers onboard early

People tend to have a deeper connection with individuals over corporate brands. Get influencers on board early, as it will help you attract customers faster.

Make sure your influencers are related to your business or else it won’t work and will just be a waste of money.

For example, if you are selling a B2B software you don’t want half naked Instagram influencers promoting your product. It won’t work.

But if you are selling fashion products, having influencers on Instagram who have popular fashion channels will help drive sales.

Principle #19: Video is the future

People want to connect with you and your company. If you aren’t integrating video within your marketing, you are making a big mistake. Whether you like being on camera or not, video should be in your strategy from day 1.

When you create videos, don’t just put it on your site. Put the same videos everywhere… from social networks to asking other websites to embed your videos on their site.

You should even test running video ads as they tend to be more effective than text-based ads. They are more expensive to run, but the conversion rate is typically higher.

Principle #20: You don’t know everything

Marketing is always changing. No matter how good you get at one tactic, never stop learning. Having the attitude that you are great will only hurt you. Have an open mind and be willing to learn from anyone, especially newcomers with little to no experience as they bring fresh insights.

Principle #21: Don’t hire arrogant marketers

If you have arrogant marketers on your team, consider replacing them with people who are open to learning (assuming you aren’t breaking any HR laws).

Arrogant marketers are typically stuck in their ways and they aren’t open to change. Just because someone doesn’t know as much, doesn’t mean they can’t learn.

Arrogant marketers tend not to experiment, and they prefer sticking with what they know.

Principle #22: Little is the new big

Social media has empowered everyone. Don’t take people for granted, even if they don’t have money. By helping everyone, it will cause your brand to grow in the long run.

Don’t worry about a direct ROI when helping others, it will cause word of mouth marketing.

Because of social media, everyone can impact your brand in a good or bad way. So make sure it’s in a good way by helping everyone out (as much as it is feasibly possible).

Principle #23: Continually test what’s working

Because of external factors that you can’t control, things change over time.

For example, 3rd party authentications used to boost conversion rates, but now people are concerned with using them because of privacy concerns.

Always retest what has worked in the past every 6 months to ensure it is still helping you.

When you don’t retest, you’ll find that your conversion rates will drop over time and you won’t know the cause of it.

Principle #24: The majority of people don’t read

If you write a masterpiece, expect the majority of the people to not read it. Make sure your content and marketing landing pages are easy to skim. Without this, you’ll lose out on a large portion of sales.

Things like design, spacing, colors, and typography all affect readability and how easy it is to skim. Yes, messaging is important, but if no one reads it then you won’t generate sales.

Principle #25: Headlines are more important than content

8 out of 10 people will read your headline, but only 2 will click through and read your content. Spend as much time coming up with a headline as you do writing content. If you have an amazing masterpiece and a terrible headline, it won’t get read.

You shouldn’t stop with one headline either. Consider A/B testing a handful of headlines, as this will help you come up with a winning version.

Principle #26: Expand internationally once you’ve figured out your main market

The English language is always competitive. But markets like Asia and Latin America don’t have as much competition and people within these regions are willing to spend money.

Translate your website, content, product, and service as quickly as possible (while maintaining quality, of course!). It will open up more marketing opportunities and revenue streams.

When picking new markets, don’t just look at GDP look at the population as well. If one region has a slightly lower GDP but a higher population, consider going after the one with a larger population first.

Principle #27: Be willing to start over every year

If you are expecting to grow by just doubling down on what worked in the past, your growth will slow down.

By having the mentality that you need to start over and redo all of your marketing initiatives each year, you’ll grow faster as you will be receptive to change.

This doesn’t mean you should ignore what worked for you in the last 12 months, it means that you need to keep doing that as well as well as go back to the drawing board to try new tactics.

Principle #28: Ideas are a dime a dozen, but good team members aren’t

You’ll have dozens of ideas that you’ll want to test, but if you don’t have people to take charge of them they won’t go anywhere. Don’t bite off more than your team can handle.

If you want to grow faster, you need people to take charge and lead each of your marketing initiatives. This will also allow you to fine tune each channel and squeeze the most out of it.

And if you have dozens of ideas, don’t just hire any marketer. If you don’t hire the right person, with experience, you’ll find that marketing channel isn’t working out too well for you. So take your time.

Principle #29: Don’t hire people you need to train if you want to grow fast

There is nothing wrong with hiring people who need training, but it will cause your growth to slow down.

If you want more traffic and sales ASAP, you can’t hire people that need hand holding or training. Hire marketers with industry experience that know how to get off and running from day 1.

Ideally, you should even consider hiring marketers who have worked for your competition and have done well for them.

Principle #30: It takes 3 months for a marketer to get ramped up

No matter how skilled of a marketer you hire, even if they come from your competition, it typically takes 3 months for them to find their groove.

So, when you hire them as a full-time employee or a contractor, be patient and be willing to give it at least 3 months before you decide what you want to do.

Of course, you should see results within the first 3 months (even if they are small) but you still need to be patient.

Principle #31: People love stories and always will

Storytelling goes back centuries. They were effective back then and they still are today (and they will be tomorrow as well). Integrate stories within your copy. It will help you craft a better bond with your audience.

With a better bond comes higher conversion rates.

Principle #32: Don’t take trends for granted

If you see the market moving in a direction, even if you don’t think it will last forever, consider riding the wave. Even if you don’t like the trend, you’ll find that it typically makes customer acquisition easier and more affordable.

Use tools like Google Trends to help you determine which trends are popular and to see how the market is moving.

A great example of this is MixPanel copied the KISSmetrics product, but they grew faster as they rode the mobile analytics trend, while KISSmetrics did not.

Principle #33: Optimize for revenue, not top of funnel metrics

In marketing, looking at numbers like monthly visitors is great, but it isn’t the most important metric. Optimizing for leads isn’t enough either.

Your tracking needs to encompass the whole funnel. By optimizing for revenue you’ll be able to make better decisions and see faster growth.

When looking at your funnel, keep in mind that it shouldn’t stop with a purchase. There are upsells, repeat purchases, cross-sells, and even churn to consider.

Principle #34: Follow the rule of 7

People need to hear about your brand or see your brand 7 times before they’ll convert into a customer. In other words, you need to be everywhere if you want to win market share.

With every company having similar products and services, people have a hard time deciding who to buy from. If your brand is more prevalent, people are more likely to choose you.

Make sure you are leveraging as many proven marketing channels as possible.

Conclusion

Some of the principles above may seem obvious to you while others may not. But you’ll find that both you and your team will make many of the mistakes no matter how obvious they seem.

Whether it is the principles above or your own, consider creating a list of your own for your team to follow. And it shouldn’t just be for marketing. I have lots of principles… especially in regards to entrepreneurship.

So what other principles should marketers follow? Just leave a comment below with some of the principles you follow.

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Saturday, October 13, 2018

HubSpot's 2018 Product Updates

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For 2018, HubSpot created the Enterprise, Starter and Professional Growth Suites. You get a discount if you buy the three hubs together and the CRM is included in the package.

Youtobe

Tuesday, October 9, 2018

My Failed Attempt at SEO (And What I’ve Learned)

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seo failure

Did you know that I’ve failed at SEO before?

No, I’m not talking about when I first started my career. This was when I knew SEO like the back of my hand.

I’m talking about when I was good enough to get sites ranked on page 1… that’s when I really failed at SEO.

And boy was it was heartbreaking!

Let’s just say this: I was able to rank a site on page 1 of Google for the term “online poker” and then my rankings tank. Not because of a Google penalty but from something I never expected.

But before I go into what I learned, let’s first go over how it all started…

Online Poker Lowdown

online poker lowdown

Back in 2010, I bought an old poker site that was never really updated. It was called Online Poker Lowdown. Funny enough, the site is still up today even though I don’t own it.

The reason I bought it was because it ranked in the top 1,000 for the term “online poker.” The site just needed some updating.

If you are wondering how I found it, I was Googling for the term “online poker,” and I hit up a dozen or so sites who were ranking between page 30 and 100 for the term and bought the cheapest one.

And the reason I went after the poker industry was that back then a lot of us thought it was going to be legalized in the United States. So, if I could rank at the top, I would have a site that would eventually be worth a lot of money… assuming I was patient.

My first blog post

I published my first blog back in November 2010. It was called, the top 5 poker mistakes you’ll make.

poker mistakes

The blog post wasn’t the standard 2,000 plus words that I write these days, but it was long enough for 2010. Keep in mind, there weren’t as many blogs back then so it wasn’t as competitive.

But this blog post did well, there were 31 comments:

comments poker

And over time, the blog continually grew as I published more content.

My path to growing Online Poker Lowdown

I wish I had the analytics for the site still, but I don’t.

If my memory serves me correctly (and usually it does), the site capped out at roughly 41,000 unique visitors a month all from 104 blog posts.

And at one point I even ranked number 7 on page 1 for the term “online poker.”

The best part of all, it didn’t even take me a year to achieve those results.

Keep in mind that back then you could get rankings much faster than you can now. But still, it was pretty fast even for 2010/2011.

So how did I get my rankings and traffic so high in such a competitive space?

It wasn’t the content, it was the backlinks.

Google’s algorithm was much easier to predict back then and links impacted rankings more than anything else.

Now you are wondering how I got all of these people to link to me. Like today, no one wanted to link to poker sites… even back in 2011.

It was from writing posts like this.

top 30 blogs

By creating list-based posts of the top blogs within the poker industry, it was easy for me to get them to link back to me.

If you want to do something similar, it’s not as simple as writing a blog that includes the top 30 or even 100 blogs within your industry.

  1. Your post needs to be detailed – I know the example I showed on Online Poker Lowdown isn’t detailed. Times have changed. If your list-based post isn’t as in-depth and thorough as possible it won’t work nearly as well. For example, if you list out the pros and cons of the site and why you included it, that would be much better than just writing a few paragraphs and linking to dozens of sites.
  2. You need to include images – when listing out the top 100 blogs within your industry, make sure you include an image for each blog. This one little thing will add a bit of flair to your post.
  3. Your list needs to be long – a top 30 list isn’t as effective as writing a top 100 or top 500 list.
  4. Your list needs to be of bloggers – don’t list out the top 100 sites, it needs to be blogs. Bloggers are much more open to linking back to you.

Once you publish your list-based post you’ll need to drive a ton of traffic to it within 7 days of it being published. Back in the day, I drove traffic to the Online Poker Lowdown top 30 poker blogs post by paying for StumbleUpon ads.

But that is no longer an option as StumbleUpon doesn’t exist anymore.

You can still drive traffic through Reddit ads, Quora ads, Twitter ads, and Facebook Ads though. These options are technically better than StumbleUpon as they have better targeting options.

Even if your blog is popular, I would still recommend that you pay for ads… even if it is just 50 dollars. By paying for ads, it ensures your blog post gets read by hopefully a few thousand new people if not more.

You don’t need the highest quality traffic either, you just need visitors who are somewhat interested in your content.

The more people that read your post, the more will click through to one of the top blogs you mentioned. And the more people that click through to their site, the more of them will notice your blog when they analyze their referral traffic.

In other words, when they see a spike in their Google Analytics account, they’ll notice that the extra traffic came from your blog.

This will put your blog on their radar!

Now, on the 7th day of your blog post being live, you’ll want to email each website that you included.

The email should go something like this…

Hey John,

I just wanted to congratulate you for having an amazing blog. I loved OnlinePoker.org so much that I included in my list of the top 100 poker blogs. [insert link to your blog post]

There are so many junk sites in the poker space, but yours truly stands out. I love how you go into great detail about poker strategy and you have some infographics breaking down how casinos make their money.

Hope you got some nice traffic from me… the blog post was pretty popular and well received by the poker community.

If you want to showcase your accomplishment, feel free and mention it to your readers. Or you can just place this badge on your blog.

poker badge

[insert embed code for the badge, which should also contain a link back to your site]

Cheers,

Neil Patel

You’re going to have to customize the email and then, of course, make a badge that looks much nicer and is smaller. But you get the point.

This one strategy really boosted my backlink count and skyrocketed me to the top. It still works today, but if you are going to leverage it there are a few things you should know:

  1. Your post needs at least 10,000 visitors – only a portion of your visitors will click through to some of the top sites you mentioned. The more people that read your post the better, so make sure to drive at least 10,000 visitors. If you need to use ads, use them because if only a few thousand people read your post it won’t work nearly as well.
  2. You need to create a badge – make one that is much prettier, simpler, and smaller than the example I showed. Without a badge and embed code, you’ll barely generate any links.
  3. Send follow up emails – for all of the people that don’t open up your email and respond, send them a follow-up email within 3 days asking them to share your content on the social web. The email should look something like the one below.

Hey John,

I’m not sure if you saw the email I sent you a few days ago. I just wanted to congratulate you for having an amazing poker blog. I included OnlinePoker.org as one of the top 100 poker blogs in the world. [insert link to your blog post]

Your blog truly stands out as you have gone above and beyond by creating content like infographics explaining how Las Vegas casinos work.

Hope you got some nice traffic from me… the blog post was pretty popular and well received by the poker community.

I know you are busy, but I would love it if you could share the article on your favorite social network.

Let me know if I can do anything for you. Or if you want me to update the post to showcase anything else that makes OnlinePoker.org unique just let me know.

Cheers,

Neil Patel

By combing those two emails with the promotions steps I break down in this blog post, you’ll notice that you’ll generate backlinks and social shares.

That’s how I was able to rank on page 1 for one of the most competitive terms.

So why was Online Poker Lowdown a failure?

I broke down how I climbed to the page 1 of Google for “online poker” and as you can see from some of the posts people were engaging with the content.

So why did Online Poker Lowdown fail from an SEO standpoint?

It’s because I didn’t know what I was talking about. See, I know very little about poker, and I hired mediocre writers to help me out.

Although I got the content to rank, my user signals were terrible.

When people landed on the site, many of them would hit the back button, so they could go back to Google and find a better site.

Just think of it this way: If your site has a terrible bounce rate, this tells Google that people don’t care for your site.

Although you may have “optimized” your site for search engines, it doesn’t really matter because people don’t care for your content, and this tells Google that your site isn’t as good as the competition.

Once my rankings started to drop I panicked, and I immediately reached out to a few poker players and I got their feedback.

They all told me the same thing… the content wasn’t great and if they were looking to learn poker all over again, the blog posts aren’t actionable enough to make someone a decent poker player.

They even broke down how I needed to teach scenarios within my content and tell people what they should do when they are dealt with specific hands like what to do you do if you were starting off with a pair of 2s.

For someone not knowing much about poker and because I wasn’t passionate about the topic, I threw in the towel and I sold the blog for a few thousand dollars.

The big lesson I learned was that knowing SEO isn’t enough. Even if you can build links, write content, and climb to the top of Google fast, you won’t stay if people hate your content (or product/service).

Google cares what people think first and foremost.

So, if you can’t create something people will love, your bounce rate is going to be high and you’ll find that it will be hard to get drive steady organic traffic.

Conclusion

This was my worst SEO failure.

When I started Online Poker Lowdown, I was good at SEO and I was a bit too arrogant. I never expected that not being a subject matter expert would really hurt me.

I know there were other solutions that I could have taken, such as partnering up with someone who knew poker (which I tried), but I quickly learned that if people aren’t passionate about the topic it won’t work.

People can tell by your content. You never want to put out stuff that people think is crap. It will just make you look bad.

Plus, when you are passionate about a topic, the writing is different. From the way you’ll tell stories to how you break down actionable steps or how you mix in life experiences… it’s hard to do these things when you aren’t an expert.

Don’t do what I did by popping up sites to make a quick buck. Build something real that you can be proud of.

So, what do you think of my SEO failure? Did you expect it to end this way?

Youtobe

Sunday, October 7, 2018

Integrate Pay Per Click Marketing Into Your Online Campaigns Today

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With many business owners like you also trying to get potential customers notice their business, simply having a website is not enough. You should do more to and because of tougher competition, relying on SEO alone just won’t cut it. With Pay-per-click Marketing or PPC, your ads will appear on the first page of search results for the keywords you target. 

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Thursday, October 4, 2018

How to choose an SEO company for your business

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How to find the perfect SEO agency for your website

SEO service providers will almost always claim that they are the perfect solution to your online marketing problems.  Here's a list of things that sets apart the best SEO agencies and why you should look carefully before signing up with a new marketing partner.

Youtobe