Editorial: 4 Tips to Squeeze Every Cent of Profit From Your Pay-Per-Click Marketing
By Derek Gehl
I love pay-per-click marketing! There are few forms of online
advertising that offer such complete control over where you spend
your advertising dollars.
But despite the ability to control Google Adwords and Yahoo!
Search Marketing gives you over your ads -- how much you spend on
them, where and when they appear, etc. -- I'm constantly meeting
savvy Internet marketers who are wasting tons of unnecessary
money on their pay-per-click campaigns because they are
either...
a) Making "okay" money from their campaigns and too
lazy to do the work to make them
really successful
-- or --
b) They just don't know any better!
No matter how you're doing with YOUR pay-per-click efforts,
here are 4 tips that you can start applying today to fine-tune
your campaigns and boost your ROI.
Tip #1: Keywords... keywords... keywords!
Even if your business targets an extremely narrow niche
market, your campaign should begin with
at least 100
keywords.
I have yet to come across a niche market for which we couldn't
find that many keywords for the initial round of testing. In
fact, the majority of businesses I deal with start in the range
of 500-1000 keywords!
If it sounds like a huge challenge to come up with that many
keywords, don't worry.
With tools like Wordtracker and Google's Keyword Evaluator, you
don't have to come up with the keywords on your own. All you have
to do is identify a core list of keywords and then let technology
do the work for you.
Now, is every single one of those keywords going to make you
money? Nope! Some will bomb horribly.
But I'll talk about how you deal with that in a second...
Tip #2: Never stop testing new ads
When you first start your pay-per-click campaigns, you should
be writing at least five different ads for each keyword group.
Note: a "keyword group" is a cluster of closely related
keywords that say exactly the same thing, in slightly different
ways.
For example, a keyword group for a site promoting a bed and
breakfast in El Paso, Texas could include:
El Paso bed and
breakfast
El Paso bed and breakfasts
Bed and breakfast El Paso
Bed and breakfasts El Paso Texas |
El Paso BandB
BandBs El Paso
B and Bs El Paso
B and B El Paso Texas
B and Bs El Paso Texas |
El Paso bed and
breakfasts
B and B El Paso
El Paso Texas bed and breakfast
Bed and breakfast El Paso Texas |
... and so on.
(As you can see, the variations between each keyword phrase are
very slight.)
Once you've written your five plus ads for your keyword group,
run them all at the same time. Keep them going until you get
enough impressions to determine which one is the winner -- and
then roll out the winning ad across the entire group.
Congratulations... you now have a winning ad!
But don't stop now... continue to work on your ads and try to
come up with one that will beat your current front runner. If you
beat your winning ad, roll-out the new ad across your keyword
group and then try and beat
that ad.
Then keep on repeating this testing cycle indefinitely, to
ensure you're always running the best possible ad you can.
Tip #3: Design targeted landing pages for each keyword
group
Nothing will turn a visitor into a customer faster than a
message that tells them
exactly what they want to hear.
So, if I have multiple keyword groups that target different
themes, each ad should be driving visitors to a landing page
with salescopy that reflects the theme of a single keyword group.
For example, if different themes an El Paso bed and breakfast
owner could try targeting might be:
"family friendly bed and breakfast el Paso" or
"el Paso couples bed and breakfast"
The first ad could lead to a landing page that emphasized all
of the great family activities available in and around the bed
and breakfast, while the second one could talk about how great
the same bed and breakfast is as a romantic getaway.
By testing out different themes like this, you can see which
theme gets the most sales and focus more of your PPC dollars
there!
Tips #4: Detailed tracking
If you want to get the most bang for every PPC buck you spend,
then simply tracking the
overall effectiveness of your
campaigns won't do. You need to track the effectiveness of every
individual
keyword if you want to crank every cent out
of your PPC efforts!
Like I said in Step #1, you will be starting your campaign with
hundreds of keywords. But not all of those keywords will be
profitable. It's your job to weed out the unprofitable ones
right away.
There are four different keyword performance scenarios
you will encounter:
- Keywords that aren't driving any traffic
After you've tested a few different ads to confirm these
keywords are ineffective, get rid of them. They're useless. Even
though they're not costing you any money, they are cluttering
up your campaign.
- Keywords that are driving traffic --
but no sales
This is where a lot of your wasted PPC dollars go! If you
find this happening to you, look at your ad and make sure your
landing page relates back to the keyword.
Does the landing page meet the expectation your ad creates?
If yes, then get rid of the keyword. It's only costing you
money.
- Keywords that are driving traffic and opt-ins --
but no immediate sales
If you are a savvy marketer, chances are you have a good
autoresponder sequence that builds a relationship with your
subscribers and eventually converts them to sales.
If this is the case, I would keep these keywords. The ROI is
not immediate, but don't worry -- it will come!
In fact, if you are trying to sell a higher-ticket
product through PPC without much success, your entire
marketing campaign may be more effective if it's
based around driving leads to an opt-in form or
squeeze page and then working up to the sale as
you establish a relationship with your subsscribers.
- Keywords that are driving traffic and sales
Obviously these are the keywords we want to keep...
but status quo is not enough!
You need to track the conversion of each individual keyword.
Some will convert higher than others, which will ultimately
dictate how much you can bid on those keyword and still remain
profitable.
In other words, if I have a top performing keyword and I am
not ranking in the top 3-4 positions, I may want to spend more to
increase the position, my clickthrough ratio, and sales.
So there it is! Four strategies you can apply today. If you
are already doing all of these, great!
However, if you are missing just one, there is a very good
chance you are missing out on sales. And you could end up
throwing good money after bad!
If you are just getting started with pay-per-click
advertising, you can get far more detailed training in my
exclusive
Search Marketing Lab, which I will let you
try for the next 30 days for only $2.95!
Happy "pay-per-clicking!"
Derek Gehl