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PPC for eCommerce:
       Implement, Optimize, Monitor
              and.. Repeat !


Konstantinos Skianis
http://gr.linkedin.com/in/konstantinosskianis
The PPC Landscape
   Major Players
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
Challenges
for eCommerce
 It may turn into a daunting Process..
So what do we do?

• Where do we start from?

• How do we start?

• How do we Organize this
  large process?
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
Now.. let’s get back to
Marketing Basics

Do not forget the Basics!
The journey into buying Shoes Online..
...back to
Marketing Basics
              Shopping Funnel


                 AWARENESS


                  INTEREST

                   LEARN                   Shoes

                   SHOP              Nike Shoes
  Long-Tail         BUY      Black Nike Air Jordan Shoes
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
The PPC Process

•   Keyword Research
•   Account Structure
•   Conversion – eCommerce Tracking
•   Implementation
•   Optimize – Test, find the “Sweet Spot”
•   Monitor – Measure Performance (ROI, Profit)

...and.. Repeat !
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.
Google AdWords
Keyword Tool
Google Trends
Google Trends
Google Results
Google Results
Invest in Correct
Account Structure
Account Structure
AdWords
Install Conversion &
eCommerce Tracking

Simple Advice...
   Do not Start without it..!!!


   It’s easy to do it and Reward is enormous..
eCommerce Tracking
on Google Analytics
Conversion Tracking
on Google AdWords
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!!
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!!!
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
Implement Thoroughly -
AdWords Editor
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
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 
Implement Thoroughly
Unleash the Power of Remarketing!!
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
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
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...
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 !
Monitor –
Measure Performance

    Idea No1: Consider using an Attribution
                  model

  Last Click?
  Assisted Conversions...

  Look at Conversion Paths

  Get more Sophisticated... shortly
Measure Performance
Assisted Conversions
Measure Performance
Conversion Path
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)
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...
THANK YOU !
    

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PPC for eCommerce: Implement, Optimize, Monitor and.. repeat!

  • 1. PPC for eCommerce: Implement, Optimize, Monitor and.. Repeat ! Konstantinos Skianis http://gr.linkedin.com/in/konstantinosskianis
  • 2. The PPC Landscape Major Players
  • 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
  • 4. Challenges for eCommerce It may turn into a daunting Process..
  • 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.
  • 19. Install Conversion & eCommerce Tracking Simple Advice...  Do not Start without it..!!!  It’s easy to do it and Reward is enormous..
  • 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 
  • 28. Implement Thoroughly Unleash the Power of Remarketing!!
  • 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...
  • 38. THANK YOU !