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PPC Advertising Battle: AdWords Vs adCenter

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Everyone knows that Google is king of search. But when it comes to Paid Search Advertising (PPC), is going with the Google always the best option? Although Bing and Yahoo combined do not compare to Google’s daily search volume, their paid advertising via Microsoft adCenter might be a cheaper alternative that could generate a higher ROI for you.

Round 1 of the PPC Advertising Battle: Stats & Metrics

From my experience, there seems to be less competition and therefore cheaper prices (CPC) on adCenter. Below is a snapshot look into a client’s account on adCenter. As you can see, they had an almost 2% CTR, an Average Position within the top 2-3 spots, a CPC below $1.00, and a CPA under $20.00. Now let’s compare those performance metrics to the same time period on Google AdWords. Stats are taken for the same Date Range from Google AdWords and Microsoft adCenter. As expected, Google AdWords brought in more traffic, and therefore more conversions (7 more to be exact). However, each Click cost $0.71 ($0.07 more) and each Conversion cost $26.26 (almost $10 more.)

Round 2 of the PPC Advertising Battle: ROI

If, for example, we assume the value of each conversion is $50 each, which PPC Account has a better ROI? Microsoft adCenter is showing a Cost of $583.10 (CPA $16.66 x 35 Conversions) with a returning Value of $1750 (35 Conversions x $50 value per Conversion). That results in an ROI of $1166.90 ($1750 Value – $583.10 Cost).

Keeping the same assumption of a $50 value per Conversion, Google AdWords earned a returning value of $2100 (42 Conversions x $50 Value), but had a cost of $1102.92 (Cost/Conv. $26.26 x 42 Conversions). With that said, the ROI for Google AdWords was $997.08 ($2100 Value – $1102.92 Cost.)

In this particular case, although Google AdWords earned a 90.4% ROI ($997.08), it was trumped by Microsoft adCenter, which earned an incredible 199.9% ROI ($1166.90).

Google AdWords Vs Microsoft Adverting Battle Re-cap

Microsoft adCenter did well in Round 1 with maintaining a good CTR (almost 2%) and generating 35 Conversions. However, Google was able to out muscle Microsoft, with more than double the CTR (above 4%) as well as an additional 7 Conversions (42 in total.)

In Round 2, Microsoft adCenter came out swinging with it lower CPC and CPA (or Cost/Conversion). After multiplying the incremental costs out, it turned out to be too much for Google. Bing Ads was able to pull out the victory with a very impressive ROI of over $1,000.

If you run similar or identical campaigns on both Google AdWords & Microsoft adCenter, let us know which is performing better. Does your paid search advertising battle end the same way this one did with Microsoft earning the higher ROI?

Looking For Better Insights On Members? Get The Big Picture!

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In past blogs, I have discussed how web analytics can help gain the support of the decision makers and even laid out some great ways to measure traditional marketing with Google Analytics. But how do you get to the point of being able to show the decision makers the right insights in the first place? Today’s blog is focused on some of the most common problems we’ve come across with banks and credit unions that stand between them and gaining greater insights into member behaviors and trends. More importantly, it sets out to show how you can get the most out of your marketing campaigns via analytics and open minds.

The Problem

Institutions often seem to lack visibility into the “big picture”. When I say “big picture”, I am referring to the complete analytical scene: The website, your institution’s social media assets, marketing campaigns (both online AND offline), affiliate sites, and of course conversions (leads & sales) and Return on Investment. There is little-to-no connection between their assets. Why is this?

This fragmented view seems to be caused by several things from internal politics to fears on data collection and security. What banks and credit unions often fail to realize is that tools like Google Analytics do not collect personally identifiable information! Monitoring beyond the main credit union/bank website is often viewed as a risk, when in reality the real risk is in the lack of visibility into the performance of marketing initiatives.

Are you from a bank or credit union that isn’t afraid to get the tools in place to uncover some insightful gems? Want to see how to tie everything together? Read on!

Getting the Pieces in Place

The key to putting this analytical puzzle together is to first establish links between the data points. This means that policies and procedures need to be created for every “fragment” of your institution’s initiatives:

  1. Cross-Domain Tracking – It’s imperative to remove any gaps in the clickstream of your website. Credit Unions and banks often use 3rd party loan application platforms. Luckily, web analytics solutions like Google Analytics feature advanced Cross-Domain tracking functionality to ensure the data is preserved all the way from the time the consumer lands on the site to the point that they submit an application.
  2. URL Tagging – URLs being used for Pay Per Click & banner ads or being posted to your social media assets should be tagged for easier identification within web analytics tools.
  3. Vanity Numbers & URLs – Vanity URLs and phone numbers set up for call tracking can help bridge the gap between web analytics and traditional marketing.
  4. Event Tracking – Event Tracking can be used to identify when visitors to your website complete a desired action (like downloading an informational PDF or paper application).

Conclusion

A seamless view of marketing initiatives not obstructed by the glaring gaps and disconnects in data is every financial marketer’s dream. Luckily a holistic view can be achieved through a combination of tagging, scripting, and good ol’ ingenuity. Connecting the dots using analytical tools can yield opportunities to optimize both traditional and digital campaigns and ultimately increase new memberships and loan & credit applications.

[Exact] ≠ Exact; at least not in Google AdWords

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What is Google Changing Now?

With the upcoming changes to both the [Exact] and “Phrase” Keyword Match Types, Google is helping you reach a larger audience. The question is will it still be your target audience. If you read the official post AdWords Blog, the examples given seems like this change will be extremely helpful. However, some marketers do not agree. Whether these changes will be beneficial to you is yet to be seen, but you need to know what impacts these changes will have on your account(s).

How Match Types Work

First, understand that [Exact] and “Phrase” match types are designed to help you reach your target audience and only your target audience. For example:

As you can see, the changes to these match types include close variations of the keyword (i.e. checking – check.) In addition, [exact] and “phrase” match types will also include misspelling, abbreviations, and singular/plurals. According to Google, these changes are meant to help you increase your reach and visibility online. Will it really help?

The Impact of the Changing Match Types

The obvious impact is going to be more Impressions for your ads. The question is will these addition Impressions generate more Clicks for you. If you feel that the addition impressions caused by the change of the match types will bring in more Clicks, then great. You do not have to do anything. Google will automatically opt-in to these changes for you.

However, if you feel this extended reach and visibility is going to be outside your target audience, then the additional Impressions will not result in more Clicks. That means that your Click Thru Rate (CTR) will drop, which is a large aspect of your Quality Score. A drop in Quality Score would result in an increase in Cost per Click and potentially in overall Cost, or drop in Position and most like Clicks. Therefore, if you feel this update to match types is not going increase Clicks, then you are going to want to opt-out in the advance settings.

Beneficial or Harmful Changes?

To conclude, these changes to the [exact] and “phrase” match types on Google AdWords are neither beneficial nor harmful across the board. It is going to be a case-by-case situation. You are going to want to keep a close eye on your CTR over the next few weeks. Once the change is made, you will notice an increase in Impressions, but if your CTR drops, you will want to opt-out. Otherwise, you will soon see a drop in Quality Score and eventually a decrease in Position and Clicks, or an increase in Cost. Do you think these changes will help or hurt your PPC Campaigns? Let us know.

Google’s Value of Content over Optimization

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Recently, a debate has emerged regarding Google’s potential forthcoming decision to place greater restrictions on its algorithm for websites that utilize less-compelling content coupled with so-called “over-optimization.” While the details aren’t exactly clear as of yet, at this year’s SXSW Conference in Austin, Google’s Webspam Team manager Matt Cutts made mention of “something that they’ve been working on in the last few months” that will make the search playing field “a little bit more level.” And even though multiple sources have taken this brief mention of change as something that won’t solve a much greater problem, or are criticizing Google for trying to level a playing field that inherently cannot be so, a single point remains—impactful and meaningful content has increased value for a website over SEO alone.

SEO Provides the Means to a Content End

The benefits of SEO for businesses and digital marketing teams have often been proven in the past. While the importance of SEO is beyond question, the real value of a website for searching users lies in the content they find once they arrive there. And while it’s one thing to fault Google for fighting a losing battle or “jumping the shark,” as many bloggers have touted, Google’s intention was made clear in that same conference—certain SEO techniques or “tricks” that can increase a site’s traffic in lieu of engaging, relevant content should not have a strangle hold over their (or any) search index. As it stands, whatever Google is working on, there is simply not enough information available yet to make any sweeping claims about their next update or improvement.

Marketable Sites have Meaningful Content

For any web developer or digital marketing team, a page’s content in relation to its search engine ranking is a powerful combination in terms of visibility and reach. These factors also provide a basic, yet effective foundation for additional, future internet marketing campaigns. Rather than bashing Google for over-regulating the over-optimizers and creating an unjustified fear of SEO, businesses should allocate time and resources toward the creation of content that is accessible, impactful, and informative in addition to approved, “white hat” optimization efforts. Many are anticipating further clarification on this issue when Cutts speaks again at the Search Marketing Expo Advanced in Seattle this June. Then we’ll see whether all the hype was warranted and who really “jumped the shark” on this issue.

3 Tips to Track Conversions More Effectively

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As analysts, we are taught and bred to have an insatiable desire to track as many aspects of our websites and marketing strategies as possible. We often go out of our way to tag everything with codes and scripts so we can sniff out trends and insights. This hard work usually pays off in the form of content performance and traffic source reports.

More often than not, we like to pay close attention to the conversion report. How many newsletter subscribers did we get last quarter? Did online sales increase or decrease from last year? How many visitors from my target market downloaded an application? Conversion tracking is clearly an important element of marketing as a whole, but how do you do it effectively? Here are 3 tips to help you get the most out of your Google Analytics conversion reports:

  • Assign a Conversion Value: Conversions are usually actions visitors can take that result in some sort of revenue, be it directly or indirectly. Whether the conversion is for a completed transaction or for downloading more information, an average value should be assigned. This is paramount to demonstrating ROI for any digital marketing initiative.
  • Identify & Use Funnels: It’s great to know how many online sales transactions there were or how many new member registrations took place over the past month, but there is a great deal more that can be studied about these conversions. Conversions like these often feature several steps (a checkout process for instance: Add to Cart, Checkout, Billing Information, etc.). Specifying a conversion funnel within Google Analytics for these processes can shine a great deal of light on problem areas where visitors and leads are dropping off and leaving the conversion process.
  • Pay Attention to 2nd and 3rd Degree Touch Points: The conversion process can often pan out beyond just the first visit. In the case of an online purchase, the sales process usually spans across several sessions, as the modern consumer researches your product or service, looks for reviews, and reassurance that this will be a wise purchase. With that being said, do not ignore the first touch point that the converting visitor made with the website! If they initially discovered your site via your company’s Facebook page but completed the sale after returning to the site directly three sessions later, your social media efforts might be paying off more than you think. In the case of paid campaigns on Google AdWords or Bing Ads, the destination URLs can be tagged with “utm_nooverride=1” to ensure the first touch point gets credit for the conversion. The latest version of Google Analytics also makes analysis of multiple conversion touch points easier with its new Multi-Channel Funnel reports.

Knowing how many conversions were triggered on your website is one thing. Having a deep understanding of how much revenue was generated from those conversions, where improvements can be made in the conversion process, and which of your marketing campaigns helped drive them can save your company time and money. Most of all, however, it can help you market more effectively and efficiently to ultimately increase conversions and ROI.

Gain the Support of Your Superiors: Show Them the Right Metrics

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There are countless analytical platforms and tools out there for measuring just about every facet of your website and marketing efforts. From web analytics platforms like Google Analytics, to social media tools like Facebook Insights, the number of metrics and insights that can be gathered may be downright overwhelming to the less-experienced. Even worse: The higher-ups you are pulling these metrics and writing 20 to 30 page reports on visits, Likes, and pageviews for simply don’t understand, and might not even care. This presents a problem, as these are also the people that control your marketing budget.

At this point you are probably scratching your head. Sure, there are plenty of great insights in those 30 page reports on content performance and conversion funnels. You might be able to see which products and services consumers are most interested in this quarter, or that your pay-per-click campaign drove a large amount of targeted traffic to the website. But none of this resonates enough with the decision-makers. They speak one language and one language only: Dollars and cents. So how do you prepare reports that interest them?

  • Show them how time was saved. This could be through how turn-around time for site improvements was reduced or how improved internal policies and procedures led to less problems in the first place.
  • Demonstrate how money was saved. Did a display or banner ad campaign bring in more targeted traffic than a traditional billboard campaign? Show this and the dollar figure associated with the savings.
  • Let them see what efficiencies were created. The whole point of monitoring is to identify problems and determine solutions to create a more effective and efficient web presence. Show these to the decision-makers and you’ll build even more credibility and support.

Getting to the data and insights via your arsenal of analytical tools is only half the battle. Convincing your superiors that what you found is relevant and worthy of their time is the other half. If you can convey the value of your findings via compelling visuals and reports centered on ROI, the time saved, and efficiencies that were created, you will stand to gain the support of the decision-makers and ultimately drive improvements in your marketing efforts.

Enjoy this blog? Be sure to follow DaBrian Marketing Group on Facebook, Google+, and Twitter to stay up-to-date on the latest news and tips for Web Analytics, Search Engine Optimization, PPC, and more. Also stay tuned for details on our webinar on how the latest version of Google Analytics can help drive business success (tentatively scheduled for April 19, 2012)!