By Mary O’Brien, Founder/Director, PPC Summit
A couple of weeks ago I had the opportunity to attend SES San Jose. I hadn’t been in a couple of years, and I was really curious to see what an SES conference looks like now, given the recessionary state of the marketing Industry.
The good news is – Search Engine Marketing is obviously alive and kicking with no chance of decline in the foreseeable future, so if you are thinking of learning a marketing skill to complement your resume and make your career recession proof, Pay-Per-Click, SEO and Social Media will definitely make you more marketable.
Although attendance was down a little bit the conference was still vibrant and focused as usual on the future and big picture of Search Engine Marketing. What was interesting this year was that attendees were actually paying attention, and using the conference to its best advantage. In years past when I attended SES it seemed like all anyone was focused on were the cool tchotchkys that were being given away at various booths. This year folks were actually attending sessions and networking with each other, with the intent of making themselves more interesting to future employers, or even better, going out on their own and getting clients.
Maybe it was the lack of a Google Dance that caused this shift. In previous years it seemed like the Search Engines went out of their way to compete with each other on who could hold the biggest, craziest party, but this year, it was a much more focused event, totally in keeping with every Search Marketers need to do more with less budget.
So why does learning Search Engine Marketing make you more marketable as a marketer?
From SEMPO’s State of Search Engine Marketing Report and Survey, released in February 2009:
• The North American Search Engine Marketing industry grew from $9.4 billion in 2006 to $13.5 billion in 2008
• North American Search Engine Marketing spending is now projected to grow to $26.1 billion in 2013, up significantly from the $18.6 billion forecast in 2007.
• Pay-Per-Click captured 88.4 percent of 2008 spending, up 1% from 2007; organic SEO captured 10.6 percent
• Budgets are shifting to Pay-Per-Click. About a third of respondents said their funding for Pay-Per-Click came from a mix of new and existing marketing funds. Another third reported using entirely newly allocated budgets
Reuters also reported that while online advertising isn’t growing at the rate that print advertising is declining it IS still growing even as the economy all around us is shrinking. Basically, Search Engine Marketing is pretty recession proof. Advertising dollars are still available but they appear to be moving online, and over 85% percent of that is for Pay-Per-Click.
This is important for two reasons:
1. This will give more companies the incentive to advertise online in case their competitors beat them to the punch.
2. Those companies will need knowledgeable, talented and properly-trained people to execute a great Search Engine Marketing campaign.
When times are not so good, more businesses are willing to push budgets online. When times get better, do you think that is going to change?
The numbers from SEMPO show that nowadays a larger number of businesses get the importance of not only having a Web presence, but are working hard to maintain their visibility. Now that the economy is slow, budgets are being pulled from other sources and moved online.
What does that mean for the future of Search Engine Marketing? Basically, as a marketer, a large percentage of your time should be focused on SEM. You should be doing it, researching it, learning it and staying current with all the nuances and changes. You don’t necessarily have to be an expert at every part of it, but you should know who the experts are, the best tools to use and also how to get access to info when you have a question.
So even in a recession continue your Search Engine Marketing education. Go to conferences, training and seminars that can help you to learn, network and improve your marketability. You’ll meet amateur and professional Search Engine Marketers and business owners, create great peer relationships, and learn more skills. If your current company has cut their training budget, considering paying for training yourself. That way you’ll truly make yourself recession proof along with Search Engine Marketing. It doesn’t necessarily need to be a huge expensive conference, as long as it meets your specific education needs. Go where you can learn the most about the skill that will make you the most marketable right now. This is a great time to invest some marketing dollars in yourself.