BE A PILOT — huge success and big opportunity
Aero-news.net recently published a story about the success of the BE A PILOT program. The story included some very interesting statistics. Specifically, the program’s television campaign resulted in 21,300 new prospects, which exceeded the annual goal of the program. Congratulations to BE A PILOT!
This success was achieved at an acquisition cost of $30.05 each. Now that the Internet is a well-established marketing medium, could the acquisition cost be lowered leveraging online tactics?
Let’s say a Google AdWords campaign drives traffic to the www.beapilot.com website at a cost of $0.10 per click. A $500,000 buy would result in 5 million visitors to the site. If the site were compelling enough to generate just a 2% conversion rate, it would result in 100,000 new prospects. Nearly 5 times more than the television campaign for a lower spend!
Sound too good to be true? It isn’t. The scenario above is using conservative numbers. The Google AdWords keyword phrase “learn to fly” is currently selling for just $0.04 per click - not $0.10. By investing in an optimized website the conversion rate could easily rise above the industry standard to 4% or higher. At these rates, the media cost per acquisition cost would lower to just $1.00. Assuming keyword prices will rise dramatically over the coming months, and factoring in the creation and management of the program, the cost would still be nearly 70% cheaper than a traditional offline campaign. That’s big money!
The last 12 months has witnessed a dramatic shift away from television advertising in favor online marketing programs because of scenarios exactly like this. Television is a mass medium and, as a result, is inherently inefficient. Online advertising programs allow specific niche audiences to be reached much more effectively. The BE A PILOT program, and the sport aviation industry in general, would benefit greatly by adopting some of these new online strategies.
[tags]BE A PILOT, Cost per Acquisition, Online Marketing, Online Lead Generation, Google Adwords, Aviation Marketing, Aero-News[/tags]
2 comments December 14th, 2005