Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 1 Alex Cohen, Senior Marketing Manager www.clickequations.com | @digitalalex 3 eCommerce PPC Tips You Can Use Tomorrow

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Transcript of Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

Page 1: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 1

Alex Cohen, Senior Marketing Manager

www.clickequations.com | @digitalalex

3 eCommerce PPC Tips You Can Use Tomorrow

Page 2: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 2© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

3 eCommerce PPC Tips You Can Use Tomorrow

1. Monitor Your “Budget Lost Impression Share”

2. Query Mine Your Head Keywords for Winners

3. Catch Trends with “What’s Changed?” Reports

Page 3: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 3© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Monitor Budget Lost Impression Share

#

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 4© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Throw Money At Your IS Problem

Total Impressions /

Possible Impressions

Lost Impressions due to

low Campaign budget

Lost Impressions due to

low Ad Rank

(Ad Rank = Bid * Quality Score)

Page 5: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 5© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Find Impression Share in “Columns”

Page 6: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 6© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Example: Prioritize by looking at Net Profit & ROI

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 7© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

2 Tips to Master Budget Lost IS

1. Review Impression Share Metrics today and adjust budgets

2. Monitor Budget Lost Impression Share during peak sale times (Black Friday, etc.)

Page 8: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 8© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Long Version: Project a Run Rate

www.ClickEquations.com/Analyst

Page 9: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 9© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Query Mine Your Head Keywords for Winners

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Page 10: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 10© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

What Is A Search Query?

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 11© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Focus On Your Head Terms

0.11% of all keywords

generate 80% of

all revenue

Page 12: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 12© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Where Are The Search Queries?

Google YahooBing (MSN)

Page 13: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 13© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Start With Broad Match Terms

www.ClickEquations.com/Analyst

Page 14: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 14© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Create a “Winners” List of Converting Queries

Winners (Search Queries that convert profitably)

Search Query Keyword Match Type Avg CPC Clicks Cost

Last Click

Conversions

Last Click

Assists

Last Click

Revenue

urinary incontinence on dogs doghouse dogs urinary Broad 0.45$ 2 0.89$ 1 1 35.98$

dog calming spray dog calming Phrase 0.59$ 2 1.18$ 1 1 28.47$

bravo bully sticks in bulk bully sticks Phrase 1.27$ 1 1.27$ 1 0 89.99$

dog urinary medicine dogs urinary Broad 0.45$ 3 1.34$ 1 1 29.86$

wellness brand dog food wellness dog food Broad 0.55$ 3 1.67$ 1 0 61.53$

Losers (Search Queries that do not convert

Search Query Keyword Match Type Avg CPC Clicks Cost

Last Click

Conversions

Last Click

Assists

Last Click

Revenue

bully sticks wholesale bully sticks Phrase 1.39$ 9 12.67$ 0 0 -$

bone buddies bully sticks bully sticks Phrase 1.43$ 4 5.71$ 0 0 -$

newman's own dog food newman's own dog Broad 0.41$ 14 5.45$ 0 0 -$

bully sticks wholesale bully sticks Phrase 1.34$ 4 5.35$ 0 0 -$

dog treats, bully sticks bully sticks Phrase 1.27$ 4 5.07$ 0 0 -$

newman's own dog food newman's own dog Broad 0.39$ 11 4.27$ 0 0 -$

www.ClickEquations.com/Analyst

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 15© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Promote Winners to Exact Match

Exact Match

Beats

Phrase Match

Beats

Broad Match

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 16© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Long Version: Find Synonyms with Microsoft Ad Intelligence

Microsoft Advertising Intelligence

(http://bit.ly/searchintel)

Unreliable

Better

Page 17: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 17© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Catch Trends with “What’s Changed?” Reports

#

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 18© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Top 10 Reports Hide Trends

March ‘10 April ‘10

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 19© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Listen to The Master

"While we obsess about our brand terms and our top ten key phrases the reality is that the long tail of search means that our organic and search campaigns focus on tens of thousands or hundreds of thousands of keywords.

One effective strategy to deal with this purely data problem is to focus on what's changed."

-Avinash Kaushik

Author, Web Analytics 2.0Advisor, ClickEquations

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 20© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

Example: Hot Campaigns & Keywords

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 21© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Create a What’s Changed Report

1. Pick a Segment

2. Choose a Metric

3. Set a Time Period

Ad Groups & Keywords

Gross Profit, ROI or CPA

Week/Week & Month/Month

Page 22: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 22© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

Try It TODAY: Free Google Analytics Plug-In

http://clck.it/whats-changed

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© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 23© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL @digitalalex

43 Paid Search Marketing Tools1. Keyword Research

– Google Keyword Research Tool -https://adwords.google.com/select/KeywordToolExternal

– Wordtracker – www.wordtracker.com– Trellian Keyword Discovery -

http://www.keyworddiscovery.com/– SEO Book Keyword Tool –

http://tools.seobook.com/keyword-tools/seobook/– Wordstream – www.wordstream.com

2. Competitive Analysis1. Compete – www.compete.com2. AdGooRoo – www.adgooroo.com3. SEMRush – www.semrush.com4. The Search Monitor – www.thesearchmonitor.com5. iSpionage – www.ispionage.com

3. Display Research 1. Google Placement Tool – Instructions -

http://clck.it/placement-tool2. DoubleClick Ad Planner –

http://www.google.com/adplanner/3. Web Data Extractor - http://www.webextractor.com/

4. Performance Marketing Platforms• ClickEquations – www.clickequations.com• Kenshoo – www.kenshoo.com• Marin Software – www.marinsoftware.com• Acquisio – www.acquisio.com• AdWords Editor – www.google.com/intl/en/adwordseditor/• adCenter Desktop - http://clck.it/9JbCPS

5. Niche Tools• Mongoose Metrics – www.mongoosemetrics.com• Optimine – www.optimine.com• MarchEx – www.marchex.com• ClearSaleing – www.clearsaleing.com

6. Testing & Personalization• Google Website Optimizer - www.google.com/websiteoptimizer• Omniture Test & Target - http://clck.it/testandtarget• Monetate – www.monetate.com• Sitespect – www.sitespect.com• Ion Interactive – www.ioninteractive.com

7. Analytics – Qualitative• 4Q – http://4q.iperceptions.com• Foresee – www.foreseeresults.com• UserTesting – www.usertesting.com• iPerceptions – www.iperceptions.com• KnowClick – www.knowclick.com

8. Analytics – Quantitative• Adobe by Omniture – www.omniture.com• Unica – www.unica.com• Google Analytics – www.google.com/analytics• Coremetrics – www.coremetrics.com• Webtrends – www.webtrends.com

9. Customer Relationship Management (CRM)/Lifetime Value (LTV)• SalesForce – www.salesforce.com• SAP – www.sap.com• NetSuite – www.netsuite.com• Venda – www.venda.com• Volusion – www.volusion.com

Page 24: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 24© Copyright 2010 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

ClickEquations: Intelligent Paid Search Platform

ClickEquations enables you to manage all aspects of your accounts more easily

• Campaign management with bulk editing and easy-to-use optimization

• Powerful bid management createdwith experts from the Wharton School

• Best in class analytics for advanced and automated reporting

• And ClickEquations makes it all easy through Segments, Adviser, and Analyst

www.ClickEquations.com | @digitalalex

Page 25: Ecommerce & Retail PPC Tactics - SMX East 2010 - Alex Cohen of ClickEquations

© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL 25© Copyright 2009 ClickEquations Inc. All Rights Reserved CONFIDENTIAL

ClickEquations – Alex Cohen

www.ClickEquations.com

www.AlexLCohen.com@DigitalAlex

[email protected]