Breakfast Bites: Generating a Worthwhile Return on Paid Advertising Investments

http://impression.tips/breakbites

Generating a worthwhile return on paid advertising investments

Which channels to use and where to spend budgets of any size (PPC)



I need to invest in online advertising



Which channel should I use?



Cheapest?

Coolest?

Most professional?Loudest? *How not

to choose!



– Focus on you and your customer:

– What is your product/service?

– Who is your audience?

Choosing the correct channels



Do potential customers know that they want your product / service?



Rule #1 - Choose channels based on customer intent



The online advertising gradient

Users are actively looking for your product / service

Users are not actively looking for your product / service




Are people searching for my product / service?

Do I need to get in front of the right people, before I show them my offering?

Would the right people be interested in my product / service if they knew about it?




Are people searching for my product / service?

Do I need to get in front of the right people, before I show them my offering?

Would the right people be interested in my product / service if they knew about it?

Action-focused messaging

Content-focused messaging



Examples: Google vs Facebook



Be found on...

If you’re an accountancy firm?



If you’re launching an exciting new product?Be found on...



Be found on...

If you’re selling ‘needed’ household appliances?



Be found on...

If you’re selling a ‘new’ household appliance?



If you’re a talented digital marketing agency selling in-demand services?

Be found on...



Rule #1 summary: Choose channels based on the likely customer intent

– Use the gradient as a guideline, not a hard and fast rule.

– Think critically about what you’re offering. How would your potential customers be

looking to find you?

– Remember to evaluate the suitability of the channels themselves. Is your audience

likely to be here? Does it fit with your brand?

– Adapt your messaging to suit your position on the gradient



You’ve chosen your channels. Now what?



Rule #2 - Apply media spend on a priority basis



Apply media spend on a priority basis: 3 principles

Segmentation

Reporting

Restructuring



– What tools do you have at your disposal for targeting the right customers?

2 main targets– Keyword targeting– Location targeting

– Natural conclusion: let’s target users looking for “your service”, and make sure those users are located in your area

Example #1: A local service-based company chooses Google AdWords



– Within these targeting layers, there are several combinations

Segmentation is crucial

“photographer in nottingham” “photographer” “photographer

in nottingham” “photographer”



– What tools do you have at your disposal for targeting the right customers?

– Audience targeting

– Natural conclusion: let’s target users that are most likely to be interested in my product. But how do you find that out?

Example #2: A fashion retailer chooses Facebook advertising



Interests– Business/Industry– Entertainment– Family/Relationships– Fitness/Wellness– Food & Drink– Hobbies & Activities– Shopping & Fashion– Sports & Outdoors– Technology

Demographics– Location– Age– Gender– Languages– Relationship– Education– Work– Financial– Generation– Parents– Life Events

Exciting or scary? Facebook targeting is very powerful

Behaviours– Automotive– B2B– Charity– Digital Activity– Expats– Financial– Job Role– Media– Mobile– Purchasing– Travel– Events

Connections– Friends– Relationships– Relations to pages– Relations to apps

Remarketing– Where have you

been?



High-end women’s fashion retailer

Demographics: – Gender– Age– Location– Income

Interests: – Specific Magazines– Celebrities– Other Brands

Applying audience targeting



Local wedding venue

Demographics: – Gender– Age– Location– Income

Relationship status: – ‘Engaged in past 3 months’




Segmentation and testing

– Start with a broad audience, and gradually segment down into more niche groups.

– Layer targeting. Use “must also be interested in” to target highly specific users.

*TIP* - For early research, use audience insights to find common themes between the users in your email or remarketing lists!




Rule #2 summary - Apply media spend on a priority basis

– Segmentation is crucial.

– Begin with the targeting methods most likely to convert to a lead / sale.

– Always be on the lookout for differences in performance between targeting, which will allow you to focus on most profitable first, but with room to grow.

– Testing, testing, testing



Mirror, mirror on the wall…

Whose is the best online advertising of them all?



Rule #3Don’t be vain, do be visible



In the wild: Spotting signs of VANITY



“We’ll get you to #1 on Google AdWords…”

- Being #1 is more often than not a less profitable position to be in

- There are often 4 top

positions, no need to lead the race. Doing so leads to your bid being out of your control.

- We’re online - assume that potential customers shop around!

- Some anomalies - testing is key

VANITY



“We’ll get you 250,000 likes on Facebook...”

- Be wary of deciding any strategy based on the amount of likes it will generate.

- Likes are beneficial for generating reach & social proof, but campaigns should have an end goal which meets business objectives.

- ‘Buying’ likes will only be removed eventually.

- Best to put out good content to the right audience - if you’re doing so, likes will come naturally.

VANITY



“We’ll make sure your ads are EVERYWHERE! ” - Whilst it will annoy your

competitors and impress your peers, this kind of strategy is dangerous

- Where display advertising is used to generate brand awareness, layer targeting to ensure you’re in front of the right audience

VANITY



Think critically - if your paid visibility does not directly relate to ROI, don’t use it.



Being visible: Getting in front of the right audience



You’ve generated site traffic.What next?

Retargeting



How does Retargeting work?



Retargeting examples



Remarketing works– Remarketing works

– Remarketing works

– Remarketing works



Who is retargeting me? http://whoisretargeting.me/



It’s annoying: Be considerate, be helpful“It’s stalking me”- Include frequency caps where possible to stop users feeling

‘stalked’. “It’s unhelpful”- Show the right ad to the right person to the right landing page- Use dynamic retargeting to show products that users have been

looking at. “It ruined the surprise!”- Judge suitability dependent on industry: (eg. engagement rings!)



Being helpful, being targetedHelpful = dynamic retargeting

Segmentation (again)Segment users based on how interested they were (don’t retarget to a user that spent <5 seconds on your site)



Rule #3 summary - Don’t be vain, but do be visible

– Any media spend should be applied with a target ROI. – Dismiss any strategies that involve being seen, that do not directly relate to selling

or promoting your product/service to the right people. – Retargeting works. The more relevant your ad and landing page is to your audience,

the more success you’ll have. Use dynamic retargeting to be hyper-relevant. – Above all, be helpful!



3 Golden Rules#1 - Choose channels based on customer intent

#2 - Apply media spend on a priority basis

#3 - Don’t be vain, do be visible


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THANK YOU

Breakfast Bites: Generating a Worthwhile Return on Paid Advertising Investments

Business

Transcript of Breakfast Bites: Generating a Worthwhile Return on Paid Advertising Investments