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SEM Optimization & Best Practices
Peter Bowman – Senior Account Executive, Marin Software
             Chase Wells – Partner Manager, Webtrends
Agenda

•    The Challenge: Quantifying Search
•    Selecting the Appropriate Conversions
•    Proper Keyword Attribution Etiquette
•    Integrating with your CRM for 360 Degree Success
•    Quick Background – Webtrends & Marin Software
Quan%fying Search	
  	
  
                            	
  
“However	
  beau+ful	
  the	
  strategy	
  you	
  should	
  
    occasionally	
  look	
  at	
  the	
  results”	
  	
  
             –	
  Winston	
  Churchill	
  
Search Is Special
                                              Search is a unique
                                              medium, where
                                              advertisers can
                                              immediately respond to
                                              consumers looking for
                                              their products and
                                              services

                                              57% of users start their
                                              research for purchases
                                              through a Search Engine
E-tailing Group “5 Social Shopping Trends –
Shaping the Future of Ecommerce”
Yet We’re Measured Differently…




•  Average Cost for a Billboard on Hwy 101
   $100,000 per month ($1,200,000 a year!)
•  Success Metrics – cars driven by & location
Make Your Data Scream
        •  We understand your
           challenges
        •  We understand your
           frustration
        •  And we’re going to help
           you evangelize the
           power of search within
           your organization - with
           data that speaks for
           itself!
Driving and Recognizing Results
            •  Search will always
               require human insight
               to drive extraordinary
               results
            •  With the right tools at
               your disposal you can
               spend time effectively
            •  Leverage Data properly
               to reach your full
               potential
Choose	
  Your	
  Conversion	
  Points	
  

     “Get your facts first, then you can
       distort them as you please”
                - Mark Twain
Many Metrics, Too Many Opinions
                                   In search there is so much
 Imp.              CTR
                                   data available that like the
                            Time
                                   sun, you’ll go blind if you
          AOV                Of    stare at it too long
                            Day



Clicks            ROAS
                                   It’s too easy to focus on
                                   individual metrics and lose
          Conv.
          Rate
                            ROI    sight of your overall goals

Quality
                  Latency
Score
Choosing The Right Search Metrics
               Retail.com
The Buyer Journey
Discovery
                     As users enter the
                     purchase journey, they will
Exploration
                     have unique needs during
                     each stage of the process
Evaluation
                     This translates into
Comparison           multiple conversion
                     metrics throughout the
 Decision            process to measure

 Loyalty
Choosing the Right Conversions
           •  Step One
             –  What do my users do on my
                site that shows intent?
           •  Step Two
             –  What actions lead to a
                purchase?
             –  What actions fuel my other
                channels?
           •  Step Three
             –  What metrics do I use for
                optimization and for reporting?
Optimization vs. Reporting Metrics
•  Optimize on metrics that lead to the end goal
•  Report on the metrics that show value
•  There will be overlap (and that’s a good thing)
Getting Credit Where It’s Due
   “Our email campaigns perform the best”
  But where did those email sign-ups come
                   from?

•  Make sure that all activity that search drives
   for other channels is clearly shown
•  Demonstrate the true impact of search on
   your organization
•  Get beyond strict ROAS goals and unleash
   the power of search (and have fun)
Proper	
  A>ribu%on	
  

There’s no “Brand” in Team
Find your keyword portfolio’s MVPs




But, don’t forget those who helped! The most important part is
following the user through their entire search journey to
conversion to give credit to all of the keywords that contributed
Attribution Overview
Business Problem
  •  Identifying and managing for upper funnel,
     lower converting keywords


Business Solution
  •  Track all of the keywords useful in the buyer’s
     journey to conversion; give credit where due
Look Beyond the Last Click
                                                                            54% of agencies
                                                                            and marketers use
                                                                            last click attribution


                                                                            25% of direct
                                                                            marketers use
                                                                            cross channel
                                                                            attribution
Source: eMarketer - Last-Click Attribution Models Give Marketers Incomplete Picture Read 4/27/12

  18
Improper Attribution = Under Reporting


                                                                             First Click attribution
                                                                             results in 38% more
                                                                             reported revenue as
                                                                             compared to Last
                                                                             Click attribution




Source: eMarketer - Last-Click Attribution Models Give Marketers Incomplete Picture Read 4/27/12

    19
Assist Clicks
        How to Look At The Data
With conversion value weighing, you have access to keyword
level assist metrics
This allows you to easily identify terms which have assisted
in the paid conversion funnel but may not have been the last
click




                               20
Optimize to Your Attribution Model
•  Last click attribution does not consider
   conversion influencer keywords
•  Customize revenue attribution based on
   your business model
•  Influencing keywords receive partial credit
   for conversion


 Revenue Attribution Using an Even Distribution Model:


                                                                  $120 Room
 1.) “san francisco    2.) “mariott san     3.) “book courtyard    Booking
       hotels”            francisco”           mariott hotel”     Conversion

       1st click           2nd click             Last click
         $40                 $40                   $40
  21
“C” is For Cookie Conversion Window
                •  Step One
                  –  Understand average number of clicks
                     per conversion, the first step in allocating
                     revenue by click

                •  Step Two
                  –  Understand time to conversion patterns
                     for the proper cookie window settings
Bringing	
  it	
  All	
  Home	
  

“No baseball pitcher would be worth a
  darn without a catcher who could
       handle the hot fastball”
          – Casey Stengel
Measurement and Learning
         •  Measuring all conversion metrics is
            imperative for true measurement
         •  Most marketers neglect capturing
            offline sales driven by search
         •  It is imperative that search be fully
            integrated with CRM systems to
            track all actions end to end and
            demonstrate what is really going on
            in your marketing data ecosystem
Make Decisions Based on Revenue
         Keyword,    Click, Cost
          Click &      & Lead
        Conversion      Data
           data




                                   CRM
                                   (Revenue)

        Understand   CRM Data
          lifetime    for each
          value of   click and
        each user,      user
             and       passed
         behaviors    back To
         over time      Ads
Optimize to Lifetime Value
What if You Paid $100 / Month For Each Keyword?
•    Leads may be inexpensive, but do they drive revenue and LTV?
•    Optimizing keywords to revenue can increase top line and reduce investments
     unprofitable keywords (see below)
•    With CRM integration you can see revenue for each keyword – Necessary for
     ROI modeling

       Impact	
  of	
       Stage	
  1:	
  	
  
         Latent	
             Lead	
                        Stage	
  2:	
  	
  Revenue	
  Upload	
  By	
  Keyword	
                    Highest	
  revenue	
  /	
  lead	
  
        Revenue	
  	
      Captured	
                                                                                                 despite	
  	
  lower	
  quan%ty	
  of	
  
                                                                                                                                                       leads	
  
                          Number	
  of	
   Revenue	
  Per	
   Lead	
  -­‐>	
  Sale	
   Total	
   Revenue	
  Per	
                                        	
  
       Keyword	
  
                            Leads	
           Lead	
         Conversion	
  Rate	
   Revenue	
   Lead	
                                 Revenue	
  allows	
  Ads	
  to	
  
                                                                                                                                     evaluate	
  the	
  true	
  	
  impact	
  of	
  
            X	
                  50	
             $300	
  	
              50%	
                 $7,500	
  	
      $150.00	
  	
     keyword	
  investments	
  on	
  your	
  
            Y	
                 100	
             $300	
  	
              10%	
                 $3,000	
  	
       $30.00	
  	
               bo>om	
  line	
  
          Total	
               150	
               	
                    90%	
                $10,500	
  	
      $70.00	
  	
  
Background	
  

What is Webtrends Ads?
Webtrends & Marin Software
Webtrends Ads is an industry-leading online
marketing revenue optimization platform combined
with a team of experts dedicated to exceeding your
goals




( )     +               =
Anything Is Possible
If you can see it in Analytics, you can report
and optimize off of any action taken on your
site.
                    •  No limitations – tags can fire
                       without confirmation pages
                    •  Multiple conversion types
                    •  Decide which metrics are for
                       reporting and which are for
                       optimization
                    •  Seamless integration with
                       Webtrends Analytics
Questions?
Thank You

Please come to the Solutions Pavilion to learn more!
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Engage 2013 - SEM Optimization

  • 1. SEM Optimization & Best Practices Peter Bowman – Senior Account Executive, Marin Software Chase Wells – Partner Manager, Webtrends
  • 2. Agenda •  The Challenge: Quantifying Search •  Selecting the Appropriate Conversions •  Proper Keyword Attribution Etiquette •  Integrating with your CRM for 360 Degree Success •  Quick Background – Webtrends & Marin Software
  • 3. Quan%fying Search       “However  beau+ful  the  strategy  you  should   occasionally  look  at  the  results”     –  Winston  Churchill  
  • 4. Search Is Special Search is a unique medium, where advertisers can immediately respond to consumers looking for their products and services 57% of users start their research for purchases through a Search Engine E-tailing Group “5 Social Shopping Trends – Shaping the Future of Ecommerce”
  • 5. Yet We’re Measured Differently… •  Average Cost for a Billboard on Hwy 101 $100,000 per month ($1,200,000 a year!) •  Success Metrics – cars driven by & location
  • 6. Make Your Data Scream •  We understand your challenges •  We understand your frustration •  And we’re going to help you evangelize the power of search within your organization - with data that speaks for itself!
  • 7. Driving and Recognizing Results •  Search will always require human insight to drive extraordinary results •  With the right tools at your disposal you can spend time effectively •  Leverage Data properly to reach your full potential
  • 8. Choose  Your  Conversion  Points   “Get your facts first, then you can distort them as you please” - Mark Twain
  • 9. Many Metrics, Too Many Opinions In search there is so much Imp. CTR data available that like the Time sun, you’ll go blind if you AOV Of stare at it too long Day Clicks ROAS It’s too easy to focus on individual metrics and lose Conv. Rate ROI sight of your overall goals Quality Latency Score
  • 10. Choosing The Right Search Metrics Retail.com
  • 11. The Buyer Journey Discovery As users enter the purchase journey, they will Exploration have unique needs during each stage of the process Evaluation This translates into Comparison multiple conversion metrics throughout the Decision process to measure Loyalty
  • 12. Choosing the Right Conversions •  Step One –  What do my users do on my site that shows intent? •  Step Two –  What actions lead to a purchase? –  What actions fuel my other channels? •  Step Three –  What metrics do I use for optimization and for reporting?
  • 13. Optimization vs. Reporting Metrics •  Optimize on metrics that lead to the end goal •  Report on the metrics that show value •  There will be overlap (and that’s a good thing)
  • 14. Getting Credit Where It’s Due “Our email campaigns perform the best” But where did those email sign-ups come from? •  Make sure that all activity that search drives for other channels is clearly shown •  Demonstrate the true impact of search on your organization •  Get beyond strict ROAS goals and unleash the power of search (and have fun)
  • 15. Proper  A>ribu%on   There’s no “Brand” in Team
  • 16. Find your keyword portfolio’s MVPs But, don’t forget those who helped! The most important part is following the user through their entire search journey to conversion to give credit to all of the keywords that contributed
  • 17. Attribution Overview Business Problem •  Identifying and managing for upper funnel, lower converting keywords Business Solution •  Track all of the keywords useful in the buyer’s journey to conversion; give credit where due
  • 18. Look Beyond the Last Click 54% of agencies and marketers use last click attribution 25% of direct marketers use cross channel attribution Source: eMarketer - Last-Click Attribution Models Give Marketers Incomplete Picture Read 4/27/12 18
  • 19. Improper Attribution = Under Reporting First Click attribution results in 38% more reported revenue as compared to Last Click attribution Source: eMarketer - Last-Click Attribution Models Give Marketers Incomplete Picture Read 4/27/12 19
  • 20. Assist Clicks How to Look At The Data With conversion value weighing, you have access to keyword level assist metrics This allows you to easily identify terms which have assisted in the paid conversion funnel but may not have been the last click 20
  • 21. Optimize to Your Attribution Model •  Last click attribution does not consider conversion influencer keywords •  Customize revenue attribution based on your business model •  Influencing keywords receive partial credit for conversion Revenue Attribution Using an Even Distribution Model: $120 Room 1.) “san francisco 2.) “mariott san 3.) “book courtyard Booking hotels” francisco” mariott hotel” Conversion 1st click 2nd click Last click $40 $40 $40 21
  • 22. “C” is For Cookie Conversion Window •  Step One –  Understand average number of clicks per conversion, the first step in allocating revenue by click •  Step Two –  Understand time to conversion patterns for the proper cookie window settings
  • 23. Bringing  it  All  Home   “No baseball pitcher would be worth a darn without a catcher who could handle the hot fastball” – Casey Stengel
  • 24. Measurement and Learning •  Measuring all conversion metrics is imperative for true measurement •  Most marketers neglect capturing offline sales driven by search •  It is imperative that search be fully integrated with CRM systems to track all actions end to end and demonstrate what is really going on in your marketing data ecosystem
  • 25. Make Decisions Based on Revenue Keyword, Click, Cost Click & & Lead Conversion Data data CRM (Revenue) Understand CRM Data lifetime for each value of click and each user, user and passed behaviors back To over time Ads
  • 26. Optimize to Lifetime Value What if You Paid $100 / Month For Each Keyword? •  Leads may be inexpensive, but do they drive revenue and LTV? •  Optimizing keywords to revenue can increase top line and reduce investments unprofitable keywords (see below) •  With CRM integration you can see revenue for each keyword – Necessary for ROI modeling Impact  of   Stage  1:     Latent   Lead   Stage  2:    Revenue  Upload  By  Keyword   Highest  revenue  /  lead   Revenue     Captured   despite    lower  quan%ty  of   leads   Number  of   Revenue  Per   Lead  -­‐>  Sale   Total   Revenue  Per     Keyword   Leads   Lead   Conversion  Rate   Revenue   Lead   Revenue  allows  Ads  to   evaluate  the  true    impact  of   X   50   $300     50%   $7,500     $150.00     keyword  investments  on  your   Y   100   $300     10%   $3,000     $30.00     bo>om  line   Total   150     90%   $10,500     $70.00    
  • 27. Background   What is Webtrends Ads?
  • 28. Webtrends & Marin Software Webtrends Ads is an industry-leading online marketing revenue optimization platform combined with a team of experts dedicated to exceeding your goals ( ) + =
  • 29. Anything Is Possible If you can see it in Analytics, you can report and optimize off of any action taken on your site. •  No limitations – tags can fire without confirmation pages •  Multiple conversion types •  Decide which metrics are for reporting and which are for optimization •  Seamless integration with Webtrends Analytics
  • 31. Thank You Please come to the Solutions Pavilion to learn more!
  • 32. Rate Session & Speakers/ Panelists