Keep Your Company's PPC Spend In Check

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Information about Keep Your Company's PPC Spend In Check
Marketing

Published on March 27, 2014

Author: hanapinmarketing

Source: slideshare.net

Description

Budget, goals, results….as someone responsible for your company’s (or department’s) bottom line, those terms go through your mind constantly. Are we spending too much in that area? How can I increase revenue? Should we be doing something differently? Are we hitting goals? Are we getting the right results?

The big question is, what do you do when you see that PPC spend is too high?

President of Hanapin Marketing, Jeff Allen, and Senior Account Manager, Eric Couch, tackle that big question with ideas, metrics, and tactics that will help you realign and make sure your PPC spend is worth it in this webinar. Don’t be thrown off when you start seeing those red flags; our digital ad experts can help you stay ahead of the problem!

You'll get expert-level PPC tips like:

*Metrics to help you decide if your PPC spend is becoming a red flag

*Ideas and suggestions on how to realign your PPC spend or determine its worth

*Better tracking and reporting strategies to keep your budgets on a short leash

*Questions to ask yourself from an executive-level perspective


Don't let PPC spend become a red flag for your company!

#thinkppc How to Recover from the Holidays Faster Than Your Competition HOSTED BY: HOSTED BY: Keep Your Company’s PPC Spend In Check

#thinkppc Presenters • Jeff Allen – President at Hanapin Marketing – Speaker at Hero Conf 2014 – @JeffAllenUT • Eric Couch – Senior Account Manager at Hanapin Marketing – Blogger at PPC Hero – Speaker at Hero Conf 2014 – @ecouch11

#thinkppc Join the conversation • Include the hashtag #thinkppc in your Twitter tweets. • Or use the webinar question box to send us questions.

#thinkppc Live Poll Question #1 How long have you been in PPC? #thinkppc A. Less than 1 year B. 1-3 years C. 3-5 years D. 5+ years

#thinkppc Live Poll Question #2 How do you manage your account(s)? #thinkppc a) I manage it myself. b) I’m part of a team that manages it. c) I outsource my account management. d) I’m rethinking how my account is managed.

#thinkppc Delineate Budgets Dedicate Budget to Core & Experimental Decide what percentage of your total PPC dollars you should spend on existing, core campaigns and what should be allocated to experimental, growth oriented campaigns. • Risk Adverse: 90% / 10% • Risk Tolerant: 80% / 20% • High Growth: 60% / 40%

#thinkppc Measure Incremental Sales Look At New Spend / New Conversions • Looking at top-line spend and CPA hides really good or really bad spend. • Looking at incremental spend and conversions allows you to decide if the extra sales or leads are worth the (likely) higher CPA/lowers ROAS.

#thinkppc Measure Incremental Sales Quick Glance Incremental Gains 1. Look at campaign (or ad group) level report with spend and conversions over 3-6 full months. 2. Segment by month and download the report. 3. Decide if you should look at first month compared to last month or average of first three months compared to last month, or average of first three months compared to average of last three months, etc. etc. 4. Subtract recent spend and conversions over control period.

#thinkppc Measure Incremental Sales

#thinkppc Measure Incremental Sales

#thinkppc Measure Incremental Sales

#thinkppc Making Budget Adjustments on the Fly Campaign structure is what allows a business to push and pull budgets. • Top Performer Campaigns • Campaigns by Match Type • Campaigns by Geo (or other factors) • Most Importantly, Try to Leave the Core Alone!

#thinkppc Does Channel Mix Reduce Red Flags? Spreading Digital Advertising Dollars Reduces Risk and Google Dependency • Bing • Facebook • Twitter • LinkedIn • 3rd Party Retargeting • Display Buys

#thinkppc Questions to Ask re: Spend 1. Is spend justified as a defensive strategy? 2. Is current spend level needed in order to maintain current revenue level? 3. What’s the plan for pushing or pulling spend as needed?

#thinkppc Project the Impact of Your Spend Know the projected impact of your spend. • Are these new campaigns, or existing campaigns? • Which campaigns, engines will see an increase? • What are the projected gains based on my campaign metrics?

#thinkppc Case Study #1: Growing Existing Campaigns Monthly Budget: $7,500 Current Account Ceiling: $16,500 – As determined by Impression Share Lost Due to Budget (via a few tricks you’ll see later). How does that break down as we increase spend?

#thinkppc Case Study #1: Growing Existing Campaigns We have three campaigns in which to spend: Campaign 1: Added $6,600 in spend @ $19.01 CPL. Campaign 2: Added $1,500 in spend @ $22.21 CPL. Campaign 3: Added $1,200 in spend @ $24.23 CPL.

#thinkppc Case Study #1: Growing Existing Campaigns Here’s how our spend would break down as we gradually increase the budget. $9,500: 486 $11,500: 591 $13,500: 696 ------------------ Here we start shifting spend to the less-efficient campaigns. $15,500: 795 $16,500: 844

#thinkppc Case Study #1: Growing Existing Campaigns Here, there’s a clear point of diminishing returns. Sure, you can spend up to $16,500 based on our existing campaigns… but should you? That depends on how comfortable you are with the loss in efficiency, and how aggressive you are with experimental spend.

#thinkppc Planning Ahead for Your Initiatives Have a plan. Have a backup plan. Have a backup plan for your backup plan.

#thinkppc Case Study #2: Incremental Growth We hold Quarterly Business Reviews with our clients, where we focus on new account initiatives to work on in the following months. They contain both optimizations and growth strategies. Here are the last three.

#thinkppc Case Study #2: Incremental Growth Q2 2013 Action Items: • Remarketing Launch (worked) • Bing Launch (worked) • International target expansion (didn’t work) • Geographic modifier optimization (worked) • Account/campaign restructure – more efficient budgeting (worked)

#thinkppc Case Study #2: Incremental Growth Q3 2013 Action Items: • Remarketing Expansion (didn’t work) • FBX Remarketing (worked, but low volume) • AdWords for Video (worked, but low volume) • Landing Page Tests (really worked) • Product Expansion (didn’t work) • Backend Tracking (absolutely worked)

#thinkppc Case Study #2: Incremental Growth Q4 2013 Action Items: • Campaign Budget Increase (worked) • Product Expansion (great volume, poor quality) • Display Keyword Campaign Test (mixed results) • Similar Users Campaign Test (worked) • Google Beta Test (worked, low volume) • Unpausing High-CPA Keyword Test (didn’t work)

#thinkppc Case Study #2: Incremental Growth Planned 2014 Initiatives: • LinkedIn • Facebook PPC • International PPC • Investment in CRO • Affinity Audiences, Other Display Beta Tests

#thinkppc It’s Not Just About Growth Account growth is fantastic. But before you commit more resources, how well are you actually spending your existing budget? How can you find out?

#thinkppc One of My Favorite Tricks Enter Excel Solver. Download a Share of Voice Report from Bing, and an Impression Share Report from AdWords. Throw the two reports together and use Solver to determine your optimal campaign budgets… If you aren’t getting the most out of your existing budget, why should you spend more?

#thinkppc Case Study #3: Excel Solved Budgets A MIX OF BING AND GOOGLE CAMPAIGNS AVERAGE DAILY SPEND ACROSS ALL CAMPAIGNS OPTIMAL BUDGET AS FOUND BY EXCEL SOLVER Source: Sam Owen PPC Hero – “How to Use Excel Solver to Optimize Your Campaign Budgets” http://www.ppchero.com/how-to-use-excel-solver-to-optimize-your-campaign-budgets/

#thinkppc Know Your ROI It doesn’t matter if you’re lead generation or ecommerce, know the ROI for your increased spend. Or really, just your spend in general. Going beyond raw conversion volume, knowing the actual profit behind each campaign allows you to make better- informed decisions about your money.

#thinkppc Case Study #4: ROAS Reports

#thinkppc Measuring the Overall Lift We’ve already discussed about how to best judge your current spend and potential spend by direct results – conversions and profit. Are there any other ways to gauge the success (or lack thereof) of your newly-budgeted spend? Try Search Funnels!

#thinkppc Case Study #5: Search Funnels It’s no surprise, but generic campaigns have a measureable impact beyond just their direct conversion metrics. Pausing them, or reducing their spend would indirectly harm our performance elsewhere.

#thinkppc Live Poll Question #3 What is your biggest concern with an increased budget? #thinkppc a) A lack of communication. b) Poor follow-up on the results of that increased spend. c) Spending without a plan in place. d) Low ROI.

#thinkppc Need Help? Would you like help with your PPC accounts and management? I’m interested in: o PPC Management: We handle the day-to-day management of your PPC account. o Account Audit: We review your account for optimizations. o PPC Retainer: We handle only specific needs within your account. o FREE Solutions Blueprint: We look at your account and provide analysis and consultation (For accounts with $20K+ in adspend).

#thinkppc Live Q&A Time!

#thinkppc Have more questions? Thank you for attending our webinar! #thinkppc • Get a free Solutions Blueprint from Hanapin Marketing (for accounts greater than $20K/mo in adspend): http://www.hanapinmarketing.com/solutions-blueprint-sign-up • Or Contact us Directly: • Webinar Feedback: marketing@hanapinmarketing.com

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