Presentation for the Seminar "Advanced eCommerce (15-16 February) 2013" of ELTRUN - AUEB.
The Presentation is about Pay Per Click, its application and specific requirements for eCommerce.
3. PPC Challenges
for eCommerce
Tens or Hundred Categories..
Hundreds... Thousand Products that Change all
the Time !
Million ways (keyword variations) that customers
might use looking for your Products..
Competition can Get Wild and... Costly
5. So what do we do?
• Where do we start from?
• How do we start?
• How do we Organize this
large process?
6. Think Strategically
• Choose your Battles and Prioritize..
• START from Categories/Products I wish to
promote more AND I am competitive?
• Build on your Advantages, Start Small and
GROW BIG
7. Now.. let’s get back to
Marketing Basics
Do not forget the Basics!
The journey into buying Shoes Online..
8. ...back to
Marketing Basics
Shopping Funnel
AWARENESS
INTEREST
LEARN Shoes
SHOP Nike Shoes
Long-Tail BUY Black Nike Air Jordan Shoes
9. The Shopping Funnel
Searching Online
LEARN SHOP BUY
Product
Gathering Comparison,
I’m buying
Info Prices,
Features
Keywords:
Keywords: Keywords:
• Nike Basketball
• Basketball Shoes • Nike Red Air
Shoes
• Shoes for Basket Jordan
• Reebok Shoes for
• Shoe on Sale • Reebok WR72-X
Basket
• Nike Air Jordan
• Cheap Nike Basket
PINK No.38
ball Shoes
10. The PPC Process
• Keyword Research
• Account Structure
• Conversion – eCommerce Tracking
• Implementation
• Optimize – Test, find the “Sweet Spot”
• Monitor – Measure Performance (ROI, Profit)
...and.. Repeat !
11. Keyword Research
• Start Wide to examine variations of Keyword
Themes:
– Basketball shoes, Shoes for basket,
– Nike shoes, Reebok shoes
• Go Deep in Keyword themes to find opportunities:
– Light Basketball Shoes, White cheap basketball shoes
– Black Nike basketball shoes, Reebok red WR72-X
• Love the Long-tail keywords !
• Use Tools, eg:
– Keyword Tool
– Google Trends
– Google Results
– etc.
22. Conversion &
eCommerce Tracking
But... do not forget to Count Offline Sales initiated by
Online Search !
Search Online - Buy Offline might be large.
If not taken into account, opportunities might be lost!!!
You might STOP Profitable PPC Campaigns and lose Sales
So Build a System for Monitoring Offline Sales or use an
existing one!!
23. Implement Thoroughly
Refer to Account Architecture you designed
Go Gradually
Avoid “Broad Match” on keyword matching
options
Match: Keywords – AdText – Landing Page
Align Budget Allocation with Company’s
Pursuit BUT provide insights.. After all you have
real Data!!!
24. Implement Thoroughly
Use available AdWords Features, e.g.:
Ad Scheduling
Sitelinks
Call Extensions
Social Extensions
etc..
Use AdWords Editor
Needs some training but
Hundreds of changes can be made easily
Work Offline
Useful when AdWords Account is edited by more
than 1 PPC expert
26. Implement Thoroughly
Google Display Network
Use the Google Display Network (GDN)
“Targeted placement of an advertising message on
websites at Google Partner Sites…”
Targeting:
Contextual Targeting
Placement Targeting
Interest Targeting
Topic Targeting
Target Demographics
Other Targeting Features (Geography, Ad Scheduling etc.)
REMARKETING FIND YOUR LOST VISITORS
27. Implement Thoroughly
Unleash the Power of Remarketing!!
• Install the Remarketing Code
• Think Strategically (Which Visitors to Target)
• Design Remarketing Lists
• Design Relevant, tailor-made Banners
Pursue your site abandoners !!
..but do not intimidate them..
...apply a Frequency capping
29. Test the PPC Account
What to Test:
Account Structure
AdText
Keywords (matching types, placement in
Adgroups etc..)
Bids (AdGroup - Keyword level)
Ad Scheduling
Features (Display URL, Sitelinks etc.)
Landing Pages (A/B Test – Multivariate Test):
Use Google Experiments
30. Monitor –
Measure Performance
Why we run PPC Campaigns ?
To Increase Sales and achieve Profit... Yeah!!!
Is Monitoring – Measuring Performance Important?
Some Campaigns WIN and we have to consider Scaling
them up
Other Campaigns FAIL and we need to alter them or
Stop Completely
Competition changes
Seasonality matters
Product Availability – Stock might alter our Targets
31. Monitor –
Measure Performance
(We will focus on Top-Level monitoring)
1st Rule: Know your Margins
Per Product Category, Brand, even Product
2nd Rule: Understand ROI...
ROI = (Profit)/(PPC Spent)
e.g.: €100 spent Revenue: €300 Profit Margin:50%
ROI = (300*0,5-100)/100 = 50%
But focus on the 3rd Rule...
32. Monitor –
Measure Performance
3rd Rule: Aim to Achieve max Profit
e.g.: What do you prefer?
ROI: 200% leading to Profit: €1.000
ROI: 35% leading to Profit: €10.000
ROI is important but should be coupled with Sales
Volume..
ROI is a good indicator of sensitivity of the Campaign (a
very profitable campaign with 5% ROI might lead into a
blood shed...)
So aim at maximizing PROFIT !
33. Monitor –
Measure Performance
Idea No1: Consider using an Attribution
model
Last Click?
Assisted Conversions...
Look at Conversion Paths
Get more Sophisticated... shortly
36. Measure Performance
Idea No2 : Incorporate Life Time Value
Consider the example:
PPC Spent: €100 Loss: €-10...
But some Customers now know your e-shop, return directly
next time and make further Purchases..
Profit €50...
Life Time Value is Important !
Use your CRM to examine and possibly Calculate it
(based on Net Present Value)
37. Repeat the Cycle!
Products Change all the Time
Competition changes
People’s Taste, Search pattern change frequently
PPC is not a “Fire and Forget” Weapon
There is not such thing as “PPC Nirvana”
Repeat the Process continuously to achieve...