السبت، 25 أبريل 2020

PPC Condition 3: Starved for Traffic


When you find yourself on this node in our diagram, think CAUTION! If you’re dealing with a mature account, look back at the history of what has been tried in the past to the extent possible. Why are we not able to efficiently spend the client’s ad budget? As we step out and search for other ad opportunities, we risk spending ad dollars unproductively. Since most bargains are often long tail keywords in core ad groups, stepping into new ad space most often generates only marginal returns, or worse, destroys value.


The velocity of our management cycle revs up when we add new advertising account elements.

Solutions for Starved for Traffic

Things we can consider to generate more traffic may include:
  • Broaden match types
  • Add more ad groups (products, services, or KW ideas)
  • Add more keywords (relevant KW’s, of course)
  • Broaden geo scopes
  • Broaden ad types
  • Pause worst performing ads in each ad group (with low CTR’s)
  • Improve targeted ad positions (increase bids)
  • Turn on the Content Network
  • Add new managed placements
Many of the above can cause the account to perform worse, not better, so careful monitoring is required. Remedial action is required whenever any of the above elements fail to meet conversion expectations and ROAS hurdle rates.

Finite Number of Relevant Searches per Day

With search marketing, there exist a finite number of prospects within your geographic market who are typing in your relevant search phrases. You can’t force more people to search for your core search phrases. The best you can ever do is to present your ad to everyone who searches (at your targeted ad position). Considering this, for many advertisers which are earning a high impression share, but still feel they are starved for traffic, their best approach may actually be to modify their own expectations (decrease their budget!!), and focus on improving conversion rates in the core search element of the ad account.

Condition 2 = Disengaged


Get in the game!  Don’t sit on poor ad positions, below market bids, and an underspent ad budget.


For Adwords Experts, this PPC condition is coincident with poor ad positions.  It’s possible that for some advertisers, poor ad positions (double and triple positions) as a planned sort of ad position strategy might work.  It might be particularly interesting to consider as an odd ball sort of strategy when a primary ad space is hypercompetitive, or overrun with buffoons.  Most often however, a disengaged condition correlates with a poorly maintained account.
When we first started expertly managing adwords accounts years ago, we could buy clicks in many industries for nickels, dimes, and quarters.  Some of those same ad spaces have moved forward to dollars and even fivers.  Some accounts which used to purchase clicks for $5 have since moved north of $25 or $50.    Any Adwords expert falling behind on bid maintenance over this period might now inadvertently be purchasing triple digit ad positions.  We generally take exception to positions which fall off the first page, because it can result in the arbitrary display of ads.  This contrasts with being in a bargain hunting mode where we are selectively purchasing those terms and elements which offer the best value.  No doubt, sometimes a disengaged approach can result in the display of ads for only long-tail keywords, but unless the account is structured to exploit this approach, it is unlikely to be trending up on its quality score.
Aside from all that, most often when we find an account which is disengaged, we find that it has not been managed by an expert and its overall condition is in shambles.  In such cases, it may require a complete restructuring, new ads, and an overall critical reevaluation.  In such cases, historical data might offer only limited value, and we would expect to re-forecast conversion rates.

A Star Campaign is Not Disengaged

Star campaigns are a special case.  A common mistake for New Adwords Experts is to misdiagnose a Star Campaign as being Disengaged.  A common tactic for managing star keywords is to put them into their own campaign, and set the budget to double average potential ad spending, in order to achieve a 100% impression share.  Such accounts are not disengaged–how could they be since they have a high impression share?  As long as such campaigns are not losing more than 5% to 10% impression share, you are unlikely to improve economic performance by increasing bids, certainly not at the ad group level.  Under such circumstances, you might possibly consider increasing bids selectively for any outlier keyword positions, or possibly breaking them into new homogenous ad groups.

How to Fix Disengaged Accounts

Sometimes when we bring a brand new account live, it starts out as being disengaged.  This is because we have set the ad group bids at sort of ball park rates, and they may have been set too low for ads to display, especially taking into account a neutral quality score.  A common misperception by new Adwords experts is that fixing a disengaged account requires a lot of time.  While it might be true that a disengaged account may have other problems, if it doesn’t, then fixing it can take literally moments and the impact of the remedy can be felt almost immediately.  To remedy a disengaged account, just increase the bids, normally at the ad group level.  If the account is significantly disengaged, then increase the bids significantly.  Once you’ve done so, you’ll have to monitor and re-evaluate the economic condition continuously to understand and manage the impact of your revisions.  If you identify an account which is in a disengaged mode, then be sure you read all correspondence and of course the Road Map before deciding to SHOCK the account with a bid increase.  Once you’ve done so, if you still believe that the account warrants immediate attention, then consult with your supervisor and recommend your remedy:
“Hey Irene, this account is super-disengaged; it’s spending less than 10% of its budget and earning less than 10% impression share.  I’m going to increase the bids by 25% and see if that fixes it.  Do you agree?”

Beware Underwater Bids

Raising ad group level bids can cause a ton of keywords to go underwater.  Underwater bids are defined as those keyword bids which are lower than the respective ad group level bid.  For Adwords experts, identify underwater bids using the editor; select an ad group and sort the keywords by the bid.  Delete any bids which are less than the ad group level bid, in order to revert them to the newly-raised default ad group level bid.

Document the Impact!

Once you have permission to SHOCK a disengaged account with a significant bid increase, then be sure to document the matter in the Road Map, and explain daily thereafter the affect of your bid increases, and the subsequent steps taken to reach a new equilibrium.

Understanding Your PPC Budget 1) Economic Condition = Noncompetitive


“Some other places were not so good but maybe we were not so good when we were in them.”

“PPC Advertising Doesn’t Work For Me”

Ever hear ex-advertisers complain that Adwords was a waste of money? Most likely, that company wasted ad dollars by advertising a poorly developed website or pursuing some other flawed internet marketing strategy. They likely spent it fast before they came to realize that enterprise value had been destroyed by purchasing clicks which didn’t convert to new business.
When an advertiser or new account manager finds himself on the Non competitive node of our PPC Ad Management Process Diagram, a common initial reaction is “Despair!” Well, there is some relative element of truth in that reaction, but in most cases, it doesn’t have to be a fatal ad space condition. Indeed consider yourself lucky for having discovered the condition before busting the bank on under-performing ads.

Improve Performance

Our experience shows that the competitiveness of all ad accounts can be improved. Some have the potential for massive improvement, others for only marginal improvement. If you ask us to review your ad account, in connection with providing a quote, then as part of that process we are going to offer our candid assessment of the potential for improving your account. If you’re already doing a great job managing the account, then we won’t hesitate to say so. The last thing we wish to do is to raise expectations which we cannot confidently meet. If we can recommend some improvements, we’re going to mention those. If your ad space is quite competitive, then our assessment will mention that.

Evaluate Your Ad Space

Some ad spaces are hypercompetitive, and crowded with ads placed by savvy ad managers. Others are hypercompetitive, and crowded with ads placed by buffoons. [FYI, the second ad space is the truly dangerous one!!]
Others still remain open for virtual homesteading. The important thing before you get started is to understand the competitiveness of your ad space, potential ROAS, potential for improvement, and then to manage your own account in a manner which makes you richer not poorer.  Sometimes this involves making the most of the hand you’ve been dealt, not necessarily the hand you wish you had been dealt. Most often there exists sufficient room for improvement to move you to a happier spot on our PPC Ad Management Process Diagram.

Compare Your Site, Compare Your Web Offers

Sometimes an ad space is so competitive, that only the strongest survive.  In such conditions, before spending another dollar on Adwords, take a critical look at your website and web offers.  If they don’t stack up, then improve them.  If you’re not willing to do so, then put your money in your pocket and walk away.

Analyzing Failed PPC Accounts

There are a number of possible reasons why you may not be competitive within your ad space. As previously mentioned some of the factors impacting your competitiveness are endogenous, meaning they relate to things under your control, and some are exogenous, meaning they may not be directly under your control.
PPC Advertising Endogenous Factors
  • account structure
  • keyword selection
  • ad creative content
  • landing pages
  • selling process
  • sales / customer service
  • forms of advertising
  • ad positions / CPC
  • Advertiser web offers
PPC Advertising Exogenous Factors
  • competitive market forces (supply)
  • competitive ad space forces (bids)
  • alternative web offers (mkt prices)
  • market conditions (demand)
  • market trends (product cycles)
  • market gyration patterns (day, time)
  • geo factors (disparate geo demand)
  • market seasonality

Conclusion

If you wish to improve your competitiveness, then focus on improving your endogenous factors. If you improve the first four, then you’ll expect a higher quality score, which will directly impact the financial performance of your account.
Sometimes if you stay on your toes, you might also identify an opportunity for exploiting or influencing exogenous factors!

الأحد، 25 يناير 2015

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