pricing engine data shows lower costs for businesses that advertise on bing

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Pricing Engine: How Very Small Businesses (VSBs) Use Search Engine Marketing - - - - - - - - - - - - - - - - - - - - - - - Straight from our Secret Labs to you! Simply Improving Digital Advertising

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One of the main points in the report: Even though small businesses are (understandably) focusing most of their advertising on Google AdWords, there may be a bit of an untapped opportunity in Bing. AdWords advertisers through Pricing Engine saw an average clickthrough rate of 2.4 percent (compared to 2.3 percent on Bing), but the price for those clicks was lower on Bing, which saw a cost-per-click of $1.10 (versus $2.40 on AdWords). Pricing Engine also said stores were the biggest category in terms of number of accounts (17 percent of the total), while digital services firms were the biggest spender on AdWords, with an average monthly spend of $3,200 per month.

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Page 1: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

Pricing Engine: How Very Small Businesses (VSBs) Use Search Engine Marketing- - - - - - - - - - - - - - - - - - - - - - - Straight from our Secret Labs to you!

Simply Improving Digital Advertising

Page 2: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

Very Small Businesses (VSBs) (and Enterprises that Serve Them) Need Help with Digital Advertising

Page 3: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

Pricing Engine Helps VSBs Understand, Improve, and Expand their Digital Advertising

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1 2 3Create Account Connect Data See Report Card

& RecommendationsInstantly

Single Dashboard, Easy to Understand Report Card

& Simple Action Items

Page 4: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

VSB’s can deploy and manage campaigns in one place, with best practices built-in

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• Create ads across multiple channels

• Easy to read Report Card

• Peer benchmarking

Page 5: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

And now, the data…With our thousands of users, what are we seeing?

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Page 6: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

• Based on thousands of accounts but…– Self-selecting so inherently biased– Small samples when diving deeper– Extremely broad range of activity and

spend – so outliers removed– Some professionally managed, others

self service

IN SHORT – FOR REVIEW ONLY!(at least for now)

- - - - - - - - - - - - - -But first, a word about the data

Page 7: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

Biggest Industries Retail / Home Services / Food Establishments

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Top Five Industries

17%

15%

11%

10%7%

40%

Page 8: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

AdWords Avg. SpendOur digital services accounts, perhaps because they are native to the web, spend the most on search

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Page 9: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

- - - - - - - - - - - - - - -AdWords Avg. CPC and CTRUnsurprisingly, the highest CPC’s correlate with high value lead industry segments

Page 10: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

AdWords vs. BingAlthough most accounts only spend on AdWords, Bing appears to be more efficient for our users

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81%

19%

Number of Accounts

Avg. CPC Avg. CTR

Page 11: Pricing Engine Data Shows Lower Costs For Businesses That Advertise On Bing

$89.59

Thanks!Now, let’s

talk…

Pricing Engine Makes Digital Advertising Easy for VSBs (and Enterprise Partners that Service Them!)