ppc week 3 part 1
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USING PAY-PER-CLICK MARKETING
PROFITABLYJeff Coleman
Internet Marketing Geek
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This is No Ordinary AuctionPPC x CTR x QS = Position PPC = Price per Click or Bid CTR = Click-thru Rate QS = Quality Score of Landing Page/Site Position = Where you are on the page
Relevance matters!
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Basics of Bidding
Bid = maximum amount you are willing to pay per click
A bid ≠ Cost per Click (CPC) CPC typically 25-40% less than bid Must set a default bid per AdGroup Can adjust individual keywords bids, if
desired Google sets minimum bids
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Setting Default Bids
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Changing Individual Bids
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Determining a Bid Price Use Google’s Traffic Estimator
Sometimes bid prices are much too low Other resources for bid prices
SpyFu.comKeyCompete.com iSpionage.com
Set bid price lower than Google’s estimate to start
Use traffic estimator after campaign is running
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Google Estimator
https://adwords.google.com/select/KeywordToolExternal
Enter a keyword phrase Under choose columns to display,
choose “Show All”
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Bidding Strategies that Work Bid high to start, then lower bid Control costs with bid adjustments, not
daily budgets Do NOT use Google’s click maximizing
tool Test different positions, and not just
bids, to maximize ROI Peel & stick
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Peel & Stick
Improve CTR & minimum bid Move keyword to new AdGroup and
write matching adOnly valuable for higher volume keywordsAssumes current ad is not a “tight” fit
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Eye Tracking Heat Maps
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Eye Tracking Heat Maps
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Eye Tracking Heat Maps
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Reducing Minimum Bids
It’s possible to reduce minimum bids: Add keyword to the ad, preferably the
headline Peel & stick Tighten up the ad group Send to a landing page with keywords
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How Much is Too Much to Pay? Only you can answer that question Understand your visitor’s value Requires a clear understanding of
conversions
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Focus on Conversions
Cost per conversion is primary goal Get lower on the page for better
conversion rate Get out of the first spot if you want to
reduce cost per conversion
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Campaign Profitability
Calculate the value of a new customer
Profit per Customer
X Conversion Rate
= Maximum Cost per Click
Goal is to make >$1 for every $1 spent
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Be Aware
Google prefers incremental changesAvoid dramatic changes in bidsDon’t pause and unpause keywords
frequentlyKeep one existing ad at least a week when
creating new ones Campaign/Account longevity matters
http://www.perrymarshall.com/google-quality-score-comparison/
Sales Funnel effect
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Constantly Changing Marketplace Changing bids New competitors Updated ads Google “adjustments”
Requires constant vigilance
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Getting Relevant Clicks
Add negative keywordsEliminate words that do not convertGet rid of irrelevant phrases
Focus on exact and phrase match Understand the value of a conversion
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Summary
Bid = maximum amount you are willing to pay per click
CPC is typically 25-40% below bid Use tools to determine current bids Focus on cost per conversion Use incremental changes Narrow traffic to relevant terms
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Next Steps
Take the Quiz Determine the approximate bids you are
going to use for launching your campaign
Continue on to Week 3, Part 2