fundamentals of paid search advertising by jake hoopes
Post on 13-Sep-2014
517 views
DESCRIPTION
Smx West 2014 Session #Smx #21B - Keeping Your Edge Sharp: Revisiting Fundamentals Of Paid Searchpresentation Fundamentals Of Paid Search Advertising By Jake Hoopes @Jacobhoopes Of Showroom LogicTRANSCRIPT
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Keeping Your Edges Sharp:
Revisiting Fundamentals Of Paid Search
“Lessons Learned in Sochi”
by Jake Hoopes
Director of Online Marketing – ShowroomLogic.com
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Lessons Learned in Sochi
• The big don’t beat the small, the fast beat the slow
• Spot your landing
• Work on what matters most
• Be relentless
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Spot your landing
• Know where you are in relation to your market
• How and when does your business make money?
• Who are your customers?
• What are your primary sales cycles?
• What’s your lifetime value of a customer?
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Spot your landing
• Trends & Microtrends
• Hourly, Daily, Weekly, Monthly, Quarterly, Annual
• Current events
• Tectonic market shifts
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Spot your landing
*Tactical Tip:
www.google.com/trends/
• Other seasonal factors?
• tax season
• summer vacation
• holidays
• sports seasons
• back-to-school
• weather
• other trends?
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Spot your landing
*Tactical Tip: Google
Day Parting Your Ads
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Spot your landing
*Tactical Tip: Bing
Day Parting Your Ads
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Spot your landing
• Know where you want to end up
•Create clear and measurable actions
– Sales, Leads, Inbound Phone Calls
– Secondary goals/actions
•Ask good questions
– “What do I want to achieve?”
vs.
– “What do I want to learn?”
– Does my CPA vary by time of day? Day of week? By device? By ad position?
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Spot your landing
*Tactical Tip: use Segments & Dimensions
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Work on what matters mostLook for Leverage
Conversion ActionSales Leads Phone Call Secondary
Visitor Behavior
Impression Share * CTR % = Visitors
Impression Share
Available Impressions
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Work on what matters most
Baseline
Impressions 100,000
CTR 1.5%
Clicks 1,500
CPC $2.14
Total Spend $3,210.00
Conv. Rate 5.5%
Conversions/Sales 82.50
Avg Value/ Conv. $75
Gross Sales $6,187.50
Gross Margin $2,977.50
Net Change na
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Work on what matters most
Baseline Scenario 1
Impressions 100,000 100,000
CTR 1.5% 1.0%
Clicks 1,500 950
CPC $2.14 $2.27
Total Spend $3,210.00 $2,156.50
Conv. Rate 5.5% 8.5%
Conversions/Sales 82.50 80.75
Avg Value/ Conv. $75 $75
Gross Sales $6,187.50 $6,056.25
Gross Margin $2,977.50 $3,899.75
Net Change na $922.25
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Work on what matters most
*Tactical Tip: Check out your impression share
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Work on what matters most
Baseline Scenario 1 Scenario 2
Impressions 100,000 100,000 125,000
CTR 1.5% 1.0% 1.5%
Clicks 1,500 950 1,875
CPC $2.14 $2.27 $2.04
Total Spend $3,210.00 $2,156.50 $3,825.00
Conv. Rate 5.5% 8.5% 5.5%
Conversions/Sales 82.50 80.75 103.13
Avg Value/ Conv. $75 $75 $75
Gross Sales $6,187.50 $6,056.25 $7,734.38
Gross Margin $2,977.50 $3,899.75 $3,909.38
Net Change na $922.25 $931.88
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Work on what matters most
Give me a lever long enough and a fulcrum upon which to place it
and I shall move the world.
-Archimedes
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Be relentless
–Anticipate the organizational resistance you’ll encounter
•Big companies – lack of control
•Small companies – spread too thin
•Agencies – implementation constraints
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Be relentless
– Break everything into small, bite-sized pieces
•Define goals, tests, and resources in specific terms
– “I want to test the messaging on our landing pages”
Vs.
– “I want to test [Headline B] against our current headline for a 7-day period because based on the ad performance data from last month this verbiage seems to resonate with our clients”
•Define desired outcome: justify why to you want to take this action
– Results: “to increase conversion rate”
– Learnings: “to learn which message to reinforce throughout the shopping cart experience”
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
Be relentless
When the only tool you know how to use is a hammer...suddenly all your problems start looking a lot like nails.
• Get militant about gaining new tools & skills
• Design, UI/UX, markup
• Testing platforms
• Writing copy
• Client side and server side scripting
• Advanced ValueTrack tagging
• Google Scripts
linkedin.com/in/jakehoopes#SMX@ShowroomLogic
What’s the #1 Lesson Learned from Sochi?
The Big Don’t Beat the Small, The Fast Will Beat the Slow.