S.E.L.L. more with SEM and SEO

"For online advertising, almost half (48%) of consumers surveyed said they trust ads in search engine results, online video ads and ads on social networks. More than four in 10 (42%) trust online banner ads, up from 26 percent in 2007. Forty-five percent of respondents in Nielsen’s 2013 survey believed display ads on mobile phones were credible, and 37% trusted text ads on mobile phones, up from 18% in 2007."

~ Under the Influence: Consumer Trust in Advertising, 09.17.2013

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BrightLocal Local Consumer Review Survey 2013.
Myles Anderson & filed under Online Reviews, Research, 06.25.2013

~ Only 5% of consumers had not used the internet to find a local business in the last 12 months 

(down from 15% in 2012)

~ 37% of consumers used the internet to find local businesses at least one time per month 

(up from 34% in 2012)

Many of us have new customer acquisition at the top of our wish list for 2014.

• Fact #1: To acquire new folks, you must first have market awareness.
• Fact #2: Awareness takes money that most of us simply don't have.

That said, strategically, you have to steadfastly stick to two strict disciplines:

1. You DO NOT want everyone in your market. So why pay for media that reaches everyone. Identify as narrowly as possible who you REALLY want to walk through your door and focus your money there. Anyone else will walk in organically.

2. You need to reach your target when they care. It would be great to have the budget for a Nike-style blanket awareness effort, but you don't. 

More and more, a focus on electronic media makes more sense than burning your budget on traditional broadcast and print. A serious evaluation of SEM and SEO can make a huge difference in your marketing results.

Search Engine Marketing - (SEM) allows you to quickly identify and serve text ads to individuals as they are looking for information related to local banking options 

SEM is focused on key words, so you reach your target while they are hunting for what you do - but it goes much deeper. For the most part, you can also target your SEM just like you do direct mail: Regional, demographic, lifestyle, etc.

SEM is typically budgeted on a cost-per-click model, so unlike direct mail, you will not pay for simple exposure, but for actual desired action.

SEO - Having a Search Engine Optimization (SEO) strategy is an essential component in being competitive in the search engine realm and providing your customers with the most timely, accurate information about what you do and what you're about. The goal of SEO is to provide an intuitive user experience by communicating with search engines about your products and services so that you rank well within the search results. 

Proper SEO is not a DIY project. It requires regular analysis of web crawler reports, key word rankings, competitive analysis and content review. It also takes updates of keywords generation and meta data as well as social media integration.

The best part is that both SEM and SEO are budget friendly. With a pay-per-click and super-tight targeting, you can create a SEM plan that fits most any budget. And, while SEO is an ongoing effort, you can reasonably expect to pay just a  few hundred dollars per month for the consultation, reporting, analysis and management

We bring these marketing philosophies to credit unions and community banks nationwide, and would love to bring them to your institution too. Contact us to see how.

With more than 280,000 visits worldwide, we hope that you enjoy this blog.  If you find it helpful, please share it with your colleagues. Also, check out our YouTube Channel for short video blogs about financial marketing.  

MarketMatch is also a nationally and internationally requested speaker. Contact us to bring our marketing ideas to your next conference.

Here are the conferences where you can find MarketMatch.

See our story here. (click)

Chat with me LIVE! (click)

Or email me directly (click)

937-426-9848

Follow me on Twitter @egagliano

Bidding Best Practices (Part 3) - Calculating mobile bid adjustments

Today’s post about calculating mobile bid adjustments is the third in a bidding best practices series. The previous post covered improving your results with location bid adjustments.

People are now constantly connected and switching seamlessly between devices. In fact, more than 38% of our daily media interactions occur on mobile¹. This presents advertisers with new opportunities to reach customers anytime, anyplace, on any device. At Google, we want to help you capitalize on these opportunities and develop new strategies for your business to win on mobile.

Mobile bid adjustments in AdWords enhanced campaigns give advertisers the power to optimize bids across devices — all from a single campaign. In today’s post, we’ll help you understand how to calculate a mobile bid adjustment that accounts for the total conversion value your mobile ads drive for your business.

Review your current desktop and mobile performance
Before calculating your mobile bid adjustment, you can run an AdWords report to review your current desktop and mobile performance. While online conversions, app downloads, and calls are easy to track in AdWords, other conversions such as in-store visits may be harder to attribute directly to your ads. For those conversions, you may need to estimate their value. The closer you can estimate the value of these conversions, the more optimized your bid will be on mobile.

Calculate your mobile bid adjustment
The key to optimizing your mobile bid adjustment is to identify the ratio of mobile vs desktop (and tablet) conversion value. This is calculated by dividing your value per click on mobile by your value per click on desktop.

We’ll illustrate this calculation using the table below. Let’s say this data belongs to a national retailer with mobile and desktop websites as well as physical stores. In the past month, this retailer saw 10,000 clicks from her mobile ads and 10,000 clicks from her desktop and tablet ads.  Her mobile ads drove $900 of revenue from phone calls to her stores, $5,000 from online sales and $5,000 from in-store visits for a total of $10,900. During this same month, her desktop and tablet ads drove $100 of revenue from calls, $10,000 from online sales, and $2,000 from in-store visits for a total of $12,100.

Click to enlarge image

With this information, the retailer calculates the value per click (for mobile and desktop) by dividing the total value (i.e., the total revenue from all conversion types) by the total number of clicks, respectively. In this case, the mobile value per click is $1.09 and the desktop value per click is $1.21.

The retailer’s mobile bid adjustment is the ratio of these two values: she divides the value per click on mobile by the value per click on desktop and then subtracts 1. In this case we have (1.09/1.21) - 1, or a -10% mobile bid adjustment that can be entered into AdWords.

Iterate and test
As with all online marketing techniques, mobile bid adjustments aren’t something you should just “set and forget.” Frequent iteration and testing will help you account for changes in seasonality or business operations.  Due to varying screen sizes on mobile, we also recommend that you keep a close eye on your mobile impression share so that your ads show in the top positions.

Learn more
To learn more about mobile bid adjustments, visit the AdWords Help Center or watch this recording of this hangout on air, “Enhanced Campaigns: Optimizing Mobile Strategy.”

To use mobile bid adjustments, you’ll need to upgrade your campaigns to enhanced campaigns. Starting on July 22, 2013, we will begin automatically upgrading all campaigns.

Next week, we’ll dive deeper into ways you can use tools like conversion optimizer and eCPC to automate your bid settings based on specific business goals like ROI.

Posted by Andy Miller, Head of Mobile Search Solutions

¹http://www.google.com/think/research-studies/the-new-multi-screen-world-study.html

Bidding Best Practices (Part 2): Improving Results with Location Bid Adjustments

Today’s post about improving results with location bid adjustments is the second in a bidding best practices series. The series began with prioritizing and iterating on your bid adjustments.

Your advertising performance almost always varies by location, no matter what kind of business you run. The good news is that if you optimize your bids for different locations, you can increase your sales and ROI.

Optimizing bids for better performance by location
With enhanced campaigns, it’s now much easier to boost bids in locations where your performance is stronger and reduce bids where performance is weaker. Before enhanced campaigns, you’d have to set up and manage an identical campaign for every location where you wanted unique bids. Since this was hard, the most common approach to location optimization has been to cut out underperforming locations using targeting exclusions. But in the long run, this approach can limit your growth and reduce your business competitiveness. So we recommend using bid adjustments rather than location exclusions.

Calculating location bid adjustments
Start by downloading a location performance report. Here’s how, using the AdWords interface:

1. Set the date range to the past 30 days (longer if your campaign is on the smaller side).
2. Click on the “Location details” button and select “What triggered your ad.”
3. Click the View button and select Region.
4. Click Download.

To maximize orders or leads at a particular CPA or ROI level, a common best practice for setting bid adjustments is to equalize your target metrics across all locations. As a math formula, it looks like this:

Location bid adjustment = 100% * ( ( Campaign goal ÷ Actual performance ) - 1 )

Here’s an example from a campaign with a cost-per-action goal.

Example of calculating your location bid adjustment

Location	Conversions	Cost	CPA	CPA Goal	Location bid adjustment
Florida	100	$800	$8	$10	100% * [(10÷8) - 1] = +25%
New York	120	$1080	$9	$10	100% * [(10÷9) - 1] = +11%
Ohio	70	$1050	$15	$10	100% * [(10÷15) - 1] = -33%
Pennsylvania	85	$850	$10	$10	100% * [(10÷10) - 1] = 0%

You can implement your bid adjustments in the AdWords interface (directions) or using the AdWords Editor (directions).

Businesses with local stores or service areas
Closer customers are often more likely to buy from you and less costly to serve. So if your business has local stores or service areas, you should consider optimizing your bids based on customer proximity. For example, you can easily set one location target for customers within 2 miles of your business locations, and a second target for customers within 20 miles of your business locations (directions). Then use the approach described above to calculate your optimum bid adjustment for your two location extension targets.

Tips and reminders

• Maintain a broad location target to cover your entire potential market. Targeting too narrowly can limit your reach, clicks and conversions.
  
  
• It’s OK to set overlapping location targets with bid adjustments. We’ll only apply the most specific location bid adjustment. For example, say you have a +10% bid adjustment for Canada and a +20% bid adjustment for Montreal. When someone searches in Montreal, your bid will be increased by 20%. And you’ll see distinct performance stats for Montreal and all of Canada except Montreal on the Locations subtab on the campaign Settings main tab.
  
  
• Be careful when you don’t have much data. Otherwise your calculated bid adjustments could end up being too high or too low, and you could end up with worse results instead of better. If you don’t have statistical expertise on hand, we recommend not adjusting bids in locations with fewer than 1000 clicks and 30 conversions, as a general rule of thumb. Lengthening the date range for your reports to the past 90 days or more can help.
  
  
• Periodically check performance and increment your bid adjustments. From time to time, check your performance for each location target on the Locations subtab. Incrementally raise your bid adjustment where your performance is above your goal, and lower your bid adjustment where your performance is below your goal. This will allow you to optimize your bids over time and adjust to changing consumer behavior.
  

Posted by John Sullivan, Global Search Solutions

Enhanced campaigns: New bidding tools and mobile bid adjustments

Today, people are constantly connected and searching from all kinds of devices. Advertisers are looking for ways to reach people with ads that are relevant to their context, like their location, the time of day and the device they are using. With an enhanced campaign, you can easily vary your bids across devices, locations, and time of day – all within a single campaign.

Example: A multichannel retailer wants to reach people close to their stores searching for “party supplies.” Using bid adjustments, with three simple entries, they can bid 50% higher for people searching up to a mile away, 20% lower for searches on weekdays, and 25% higher for searches on smartphones.

In this post and a Learn with Google webinar this Thursday, February 21st, at 10am PST (sign-up here), we’ll look more closely at the new bidding tools and mobile bid adjustments. This Thursday’s webinar will also dive deeper into some of the improvements with mobile ads.

Bid adjustments
With an enhanced campaign, you start by setting default bids that reach all devices. You can then set bid adjustments to increase or decrease your bids for mobile devices and different contexts – like location and time of day. Setting higher bids when and where you’re more likely to satisfy a customer’s intent can boost your ad’s visibility and potentially lead to more visits and sales. Setting lower bids for contexts where your lead quality or average order value is lower can improve your ROI, although you may see fewer visits and lower total sales.

Bidding for devices with larger screens, like desktops, laptops and tablets, is grouped together in enhanced campaigns. We and others in the industry see that users’ search behavior on these larger devices is very similar, and likewise, overall advertiser performance is very similar across these devices.

Bid adjustments combine using multiplication. If you set multiple location-based bid adjustments, only the most specific adjustment will apply.

Continuing the example above: The retailer’s max CPC bid for the keyword [party supplies] is $1. When someone searches for “party supplies” on a smartphone within a mile radius from the store on Wednesday, then the location, time, and mobile bid adjustments set will apply. So this retailer’s CPC bid for this particular search would be adjusted to $1.50 ($1 x (100% + 50%) x (100% - 20%) x (100% + 25%) = $1.50).

The AdWords interface provides a calculator to show you how multiple bid adjustments might combine to affect your bids.

(click image to expand)

Valuing mobile and setting a mobile bid adjustment
People can take a wide range of actions on smartphones. Beyond purchasing directly from your mobile site, customers might call your business, click on driving directions to visit a store, download an app, or even convert on another device later. But traditional online conversion reporting may not show the full consumer journey across devices and can therefore lead to undervaluing mobile. Savvy marketers are looking deeper to consider the full value that mobile brings to their business. Check out how Radio Shack, a large multi-channel consumer electronics retailer, approaches their mobile bidding and measurement strategy here as an example.

With an enhanced campaign, you can choose a mobile bid adjustment to influence your ad position, clicks and cost on mobile devices. For a bit of perspective, here are a few of examples of how advertisers set their mobile bids as a percentage of desktop over the course of the last several months (actual CPCs may differ).

• On average, advertisers in the Australian retail sector set mobile bids to 103% of desktop.
  
• On average, advertisers in the US real estate sector set mobile bids to 91% of desktop.
  
• On average, advertisers in the Canadian travel sector set mobile bids to 88% of desktop.
  

With each campaign you upgrade to an enhanced campaign, you’ll see the estimated change in impressions, clicks and cost depending on your selected mobile bid adjustment. The suggested bid adjustment shows you how similar advertisers bid on mobile compared to other devices.

(click image to expand)

Experienced search marketers know that bids are one of many factors that influence overall campaign performance, along with keywords, ads, extensions, and landing pages. So after setting a mobile bid adjustment, periodically measure your results and make changes as needed to better meet your campaign goals.

Feedback
We want you to succeed with AdWords, so we’re very interested in hearing your feedback. As you begin using enhanced campaigns, please share your thoughts using this form so we can continue to improve the product.

Posted by Surojit Chatterjee, Group Product Manager

Modcloth and Inflection Drive Performance with Next-Gen Keyword Contextual Targeting

Advertisers use contextual targeting on the Google Display Network to reach new customers as they browse content related to their products and services. In March we launched Next-Gen Keyword Contextual Targeting, which enabled our display advertisers to manage their contextual campaigns with the same level of precision and granularity as search. In a few short months we’ve been delighted to see how it’s translated into real results for our customers, and today we’d like to shine a light on two specific examples.

Modcloth, an online retailer selling vintage inspired clothing, had been using contextual targeting on the Google Display Network as a way to scale their message across a wide variety of sites. Their challenge was figuring out which keywords were triggering which conversions across their multiple product lines. With keyword level reporting and optimization levers, Theresa Rockovich, Modcloth’s SEM Manager, was excited to finally put her SEM skills to work. “Before the ability to target and bid on keywords, we were barely making these campaigns profitable. Now that we’ve been able to adjust our bids and see which keywords are driving performance, margins are the healthiest they’ve ever been.” In nine weeks, their keyword-level optimizations helped turn three unprofitable contextual campaigns into some of their highest performers. Their jewelry lines saw a 460% increase in click-through-rates and their dresses campaign saw a 700% increase in ROI.

Andrew Wong, Marketing Director at Inflection, similarly took a search-focused approach to managing their contextual campaigns. “We took the shell of our search campaigns and copied them onto the Google Display Network” and created specific page URLs for each product line. After a few weeks of generating traffic, they turned on the Display Campaign Optimizer – the Google Display Network’s auto-optimization tool that automatically manages targeting and bidding – and the results were phenomenal. With the help of DCO, they increased conversions by 480% at a cost-per-action 10% lower than the rest of their display campaigns.

Keyword level targeting is one of the many reasons why our Display Campaign Optimizer  has improved in both accuracy and efficiency the past year. We've seen advertisers are usually able to reach their target cost-per-acquisition (CPA) in about two weeks, versus the two months it often took before these changes. Coupled with new bidding capabilities, such as real-time bidding, MaxCPC and Enhanced CPC, DCO is now available to use on ‘hybrid’ search and display campaigns.

And it gets even better

In addition to keyword targeting, bidding and reporting, today we’re announcing  new keyword status messages to assist advertisers troubleshoot for more effective and consistent keyword matching and delivery. Now you’ll know if a keyword is pointing to a suspended site, has been disapproved, or if it matches too few pages (Few Page Matches). We’ve also added a notification that alerts users with display-only campaigns when a Display Network bid - which overrides keyword bids when ads are shown on the Google Display Network - is in place. We recommend removing the Display Network Bid in display-only campaigns to take advantage of keyword level bidding. Click here to learn how.

Learn More

We look forward to seeing even more success stories as we continue to roll out these new features! To learn more about how to implement these strategies into your display campaigns, download the Google Display Network Guide here!

Posted by Katie Hamilton, Product Marketing Manager Google Display Network

Make better decisions in AdWords with your Google Analytics data

If you’re already using Google Analytics, you know how useful it can be to help you make better decisions and improve your online marketing. Now, we’re making it possible to use your Google Analytics data right in AdWords. After setting up AdWords to import your Google Analytics data, you’ll have access to Bounce Rate, Pages Per Visit, and Average Visit Duration columns directly in the AdWords interface. With more performance data available right where you’re managing your campaigns, you can make better informed decisions and improve your AdWords ROI.

Using your Google Analytics data
With Google Analytics you can find insights that matter, including how visitors arrive at your website, how they use it, and how you can keep them coming back. Here are some ways you can take advantage of the new Google Analytics data available in AdWords to improve your results.

• Attract more engaged users. If highly engaged users are an important goal, sort your ad groups to find the ones that deliver visitors who stay on your site the longest (“Average Visit Duration” or “Pages Per Visit”), and bid more for these.
• Discover opportunities to convert more engaged visitors. You might find certain keywords or ads that have relatively low conversion rates, but great engagement metrics. You could lower your bids by a little and move on. Or you could see this as a great opportunity to convert clearly engaged visitors into buyers. By adjusting your offer, adding an incentive (like a coupon or discount code), or making your call to action more obvious and accessible, you might be able to improve your ROI and your conversion volume. To look for these types of opportunities, create a filter based on conversion rate and sort by Average Visit Duration, Pages per visit, or Bounce Rate.
• Identify ads with badly matched landing pages or inaccurate targeting. Pages with both low conversion rates and low engagement metrics (low Average Visit Duration or High Bounce Rate) could indicate a poor landing page for a particular ad or keyword. It might also suggest inaccurate targeting. To identify and troubleshoot these problems, set up a filter for low conversion rate and low engagement rate and regularly monitor it. Since you’re using Google Analytics, you can easily set up A/B testing on the landing page using a Content Experiment.
  

Success in action
Casamundo, the biggest vacation rental listing service in Europe, has been an early tester of this new feature. They've used Google Analytics since 2008 and over the past 5 years they've grown and refined their AdWords campaigns to over 50 million active keywords across 10 languages. Their analysis shows that converting visitors research vacation rentals over an average of 7.4 visits, so understanding whether their ads and keywords can create strong engagement is vital to their business and how they optimize their AdWords campaigns. Seeing high bounce rates and low average time on site for a keyword means that the offer or destination page might not be a good match for that keyword.

Having easier access to Google Analytics data right in AdWords has helped Torge Kahl, Online Marketing Manager, at Casamundo make better decisions and make optimizations more quickly. According to Torge:

“The combination of using both Google AdWords and Google Analytics has proved to be the perfect set of tools for us to achieve our goals, and we're very happy to see this combination get more integrated and powerful. Using Analytics data right within AdWords has let me better optimize our account and significantly improve the return on our AdWords investment."

More details
Please visit the AdWords Help Center for step-by-step directions on how to connect your Google Analytics profile data to your AdWords account and for more details.

To exchange tips and ask questions of others, please visit the AdWords community. You can always contact AdWords support for help if you need it.

Posted by Dan Friedman, AdWords Product Manager

Make smarter decisions with the new Auction insights report

A key component of developing a search ads strategy is understanding what other advertisers are doing, and using this intelligence to optimize campaigns for top performance. To empower advertisers to make better informed optimization decisions, we’re launching the Auction insights report.

We currently provide Impression share columns within campaign and ad group reports that show the percentage of impressions received, compared to the estimated number of impressions for which they were eligible. While this report gives valuable insight into missed opportunities in aggregate, it also raises additional questions -- who competes in the same auctions, and can performance data be made available at a more detailed level?

With the Auction insights report, you can compare your performance with other advertisers who compete in the same set of auctions as you do. You can see how often your ads rank higher than other advertisers’ ads on the search results page, and how often your ads appear compared to theirs based on your estimated possible impressions. This information can help you make strategic decisions about bids, budgets, and keyword choices by showing you where you are succeeding and where you may be missing opportunities for improved performance.

The Auction insights report provides data at the keyword-level, and provides five different statistics: impression share, average position, overlap rate, position above rate, and top of page percent:

Note: Mock data only.

Reports can be generated for one keyword at a time, and data is only available for keywords that meet a minimum threshold of activity for the time period specified. If you see this icon () to the left of a keyword in your statistics table on the Keyword tab, you’ll know that the Auction insights report is available for that keyword.



Note: This report provides information on other advertisers that participated in the same auctions as you. This does not indicate that the other advertisers have the same keywords, match types, or other targeting settings as you. The other advertisers’ metrics shown are based only on instances when your ads were also estimated to be eligible to appear. These reports will not reveal the actual keywords, quality, or settings from your campaign, and it will not give you insight into the same information for others.

While this information is already available by performing queries on Google search -- and many already attempt to estimate this data by scanning the ads that appear -- this report will make it easier to access and understand this information. It is available at no additional cost to advertisers whose keywords have a minimum threshold of activity.

This report will be rolling out over the next few days. For more information on the Auction insights report, visit the AdWords Help Center.

Update - Auction insights report icon unavailable

We are removing the Auction insights report icon () from the statistics table on the Keywords tab. The report is still available for keywords which meet the minimum threshold of traffic.

To determine the keywords for which to run the report, we recommend sorting keywords by impressions. If the report is not available for the selected keyword and time frame, no data will be shown on the report page.

We’ll update this blog post as soon as the icon, or an alternative solution, is once again available.

Posted by Bhanu Narasimhan, Group Product Manager, AdWords

Model bid changes at scale with campaign bid simulator

When we launched bid simulator in 2009, we wanted to make it easy for you to understand the impact of bids on your advertising results. Until now, you’ve been able to access bid simulator at the keyword and ad group level.

To allow you to more easily simulate and apply bid changes at scale, we’re pleased to announce the launch of campaign bid simulator.

To access campaign bid simulator, go to the Opportunities tab and select “campaign bid simulator” from the left navigation tree.

With campaign bid simulator, you can:

• View bid changes in aggregate and model changes even when keywords or ad groups might not have enough data for this on their own. 
• See what might happen if you increased or decreased all your bids by a specific percentage (10%, for example). 
• See whether you may need to increase your campaign budget to ensure it doesn’t become limited by budget at the new bid value. 
• Model what happens if you changed all your bids in the campaign to a single value. 
• Download the bid-simulation data at the account or campaign level. 
• Download an AdWords Editor-compatible file with bid amounts at the simulated level and the ad groups and keywords to which they should be applied. 

Note: this is mock data only and should not be seen as a real or accurate simulation

For more information, visit the AdWords Help Center.

Posted by Sheridan Kates, Product Manager, AdWords