Now you have taken the time to understand what the competition looks like for your site or your clients site. This should give you a clear picture of how hard it may be for you to increase your overall search engine visibility, but its an incomplete picture without understanding which keywords are the most important to you or your client.
Here are the basic steps to Keyword Development:
Develop Keyword Universe
Don’t be shy with the keyword universe. This should be a brain storming session. Write down every keyword you can possibly think of regardless of how contextual. It might make it easier to break it down into the following categories:
- Primary / General - These should be the easy to figure out words.
- Geo-specific - Many products or services have a geo component to them.
- Life Events - Think of the moments in life when your product/service would be used. Life events include things like the birth of a new child, moving, going to college.
- Activity Based - Does your product/service need (or is used) in conjunction with an activity?
- Brand - Not just your brand, but the brands of all your competitiors
- Past Product - Do you have products or services people are still looking for? Has your industry moved from an older format to a newer format?
- Buy/Sell - Easy enough, add the words “buy” and “sell” in front of your product or service. Also think through what terms people use in conjunction with “buy” or “sell.” For example, often “buy a house” is searched more than “buy a home,” and “sell a home” is searched more than “sell a house.” Why? Because its just a house until you buy it and live in it.
- Misspellings - Are there common misspellings to your products and/or services?
- Tertiary / Out of Box - This is the fun category. Throw all caution to the wind, and add any and all keywords that have the slightest connection to your product or service. Provide a full-service? List keyword focused on self-service.
Combine Preliminary List With Client/Personal List
You like, every client, has a list of keywords that you would love to rank. In some cases, these keywords are obvious, and are on your keyword universe list. Most likely though, these keywords are words like your name, your bosses name, your wife’s name (see a pattern here?) or other vanity/ego keywords that may have little to do with driving business. Are these bad? Of course not. Most businesses have some person that they are associated with, so why not try to rank for that term?
Create Preliminary List of Tracking Keywords
Pretty straight forward, of your list of keywords, which ones do you think will be the best to track? This step is important, because as you begin to do the keyword research, you will want to see how correct your “gut” is in determining important keywords.
Determine Keyword Value
Keyword Value is determined not by a single measure. There are four major measures of value: volume, competition, ranking and conversion rate. Within each measure there are various weights and sub-measures that you can apply, but these really must be determined by your goals and optimization style.
There are three main tools that I use to help determine Keyword Value:
Keyword Discovery - Determine Annual Search Volume and Trending
Yahoo! Search Marketing - Determine Prior Month Search Volume on Yahoo! Network
Word Tracker - Estimate of Daily Search Volume Based on a 90 Day Trailing
So, how do we use these tools? We need to help understand the four important metrics for keyword value.
Volume - Determine Estimated Annual Search Volume. (KD / YSM / WT)
Competition - This is not only the competition on keywords, but the total number of competitors (KD / WT)
Rankings - Determine your and your competitors current rankings. We will discuss ranking tools in Part 3.
Conversion - Determine which words are currently driving business. We will discuss conversion tools in Part 3.
Another Keyword Value measure is the Keyword Effectiveness Index (KEI) - The higher the KEI, the more volume a keyword has coupled with lower competition. The most common formula for KEI is the square of the popularity of the keyword divided by its competitiveness. This measure is often inaccurate for long tail terms, and it doesnt take conversion rates into account.
Keyword Ranking Index
At the end of this analysis, you should no have a Keyword Ranking Index, which is basically your Keyword Universe hard prioritized based on the four measures: Volume, Competition, Ranking and Conversion. From this list, pick 10-15 keywords that you want to use as tracking keywords. The Tracking Keywords should be a sample that reflects the general progress of the account as a whole, and allows you to hand check results and not have to rely on any ranking software.
Now, you have a competitive, market and SWOT analysis and your Keyword Ranking Index. Next we need to determine Reporting and Analytics.
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