Harnessing Analytics for SEM Automation - SMX Advanced 2016 - Amy Bishop
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Transcript of Harnessing Analytics for SEM Automation - SMX Advanced 2016 - Amy Bishop
#SMX #13B @hoffman8
Looking at PPC Through a Marketing
Automation Lens
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What Does Marketing Automation Consist Of
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Monitor Data
Set Up Campaigns
Automate
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• Leadscoring• Feedback Loops & Workflows• Spending Money (& Time) More Effectively
Principles of Marketing Automation
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Applying Marketing Automation Principles to PPC
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Lead Scoring
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Lead Scoring:
1. Attach value to certain behaviors2. Determine the next marketing action
#SMX #13B @hoffman8Good Experience Bad Experience
But Why Bother?
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The Benefits of Leadscoring1. Identify high & low value consumers2. Determine the most impactful paths3. Plan media to support paths4. Test Assumptions5. Refine & Standardize Experience6. Determine Bidding Levels7. Determine Which Paths to Circumvent
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Leadscoring Criteria Generally Comes in 3 Forms:
Implicit Criteria Derived by Analysis of Data
Explicit Criteria Provided By the
Consumer
Negative Criteria Red Flags
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Establish Your Criteria• How Will You Distinguish One Visitor From Another?• What Makes a Visitor More Or Less Valuable?• What On-Site Actions Show Intent?• How Can You Use Source Information To Understand
Intent?
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Potential Implicit Criteria
Made a Purchase Or Abandoned
the Cart
Downloaded Information
Viewed Specific Content
Signed Up For Email Newsletter
Time On SiteDownloaded a Coupon
Watched a VideoFavorited or Saved a Product
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Layer Actions & Behaviors To Create Higher Value Systems
Abandoned the Cart
Time On Site
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In the PPC realm, it’s less about coming up with a point-value and more about the process of creating
a scale.
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Ideally, we want to start building a funnel progression.
Spends 30s On Site
Watches Video + Downloads Coupon
Makes Purchas
e
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Flow Reports In Google Analytics
• Behavior Flow• Event Flow• Goal Flow & Funnel
Visualization
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Organize Your Event Tracking
• Create an Organized Structure• Easily Identifiable Nomenclature• Create Events For Everything Important • Don’t Create Events for Unimportant Actions
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Event Flow In Google Analytics
• Paths Can Be Messy & Redundant• Often Aren’t Ideal• Track Sessions, Not Users
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1. Create the leadscoring criteria as audiences
2. Add them to campaigns as bid only – without a modifier
Identifying Ideal Paths
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This will help to create a hierarchy of values, your “scores”, which will help you to better understand which on-
site actions truly show intent.
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Which Action Is Most Likely To Result In a Purchase In a Return Visit?
Audience Clicks Conversions Cost Per Conversion
Conversion Rate
Watched a Video 2126 266 $18.47 12.5%
Abandoned Cart 3481 637 $13.61 18.3%
Downloaded a Coupon 2547 374 $16.82 14.7%
High Session Duration 2987 484 $15.24 16.2%
#SMX #13B @hoffman8
Which Action Is Most Likely To Result In a Purchase In a Return Visit?
Audience Clicks Conversions Cost Per Conversion
Conversion Rate
Watched a Video 2126 266 $18.47 12.5%
Abandoned Cart 3481 637 $13.61 18.3%
Downloaded Coupon 2547 374 $16.82 14.7%
High Session Duration 2987 484 $15.24 16.2%
#SMX #13B @hoffman8
If Multiple Actions Are Taken, Does it Increase Likelihood?
Audience Clicks Conversions Cost Per Conversion
Conversion Rate
Abandoned Cart 3874 666 $11.15 17.2%
Video + Abandoned Cart 3256 466 $11.75 14.3%
Coupon + Abandoned Cart 2845 604 $8.79 21.2%
Session Duration + Abandoned Cart
2796 336 $10.24 12.0%
#SMX #13B @hoffman8
If Multiple Actions Are Taken, Does it Increase Likelihood?
Audience Clicks Conversions Cost Per Conversion
Conversion Rate
Abandoned Cart 3874 666 $11.15 17.2%
Video + Abandoned Cart 3256 466 $11.75 14.3%
Coupon + Abandoned Cart 2845 604 $8.79 21.2%
Session Duration + Abandoned Cart
2796 336 $10.24 12.0%
This information helps us to identify our one-two punches.
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WorkFlows
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• Cross-Selling• Nurturing Leads & Existing Consumers• Guiding Consumers to The Sale
Workflows
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Site Action Taken?
This Ad & Landing Page
This Ad & Landing Page
If Yes If No
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Review your conversion paths to understand how visitors interact with various channels
Conversion Paths By Channel
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Begin to Organize Your Paths
Leadscoring Efforts
Context & Goals
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Begin to Organize Your Paths
Leadscoring Efforts
Context & Goals
• On-Site Actions• Engagement
Metrics• Sources
• Content Categories
• Items Purchased• Previous LP
Experiences
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Use your audiences to line up actions already taken with the next action most likely to result in a goal.
Use context to determine, specifically, which content to deliver to connect the dots.
Create Your Paths
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Watched a Video
Example Ecom Workflow
10%
Pushed to Coupon Pushed to Purchase
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Visitors that watched a video & downloaded
a coupon are 50% more likely to
purchase than those who haven’t.
Example Ecom Workflow
10%
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Deliver Ads With Intent & Context
Do: Use Previous Steps In the Workflow To Inform Ad Content
Don’t: Use CTAs For Actions Already Taken
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Customize Ad & LP Content to Audiences
Visit Site Engage With Content Align Ads & LPs
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Customize Ad & LP Content to Audiences
Visit Site Engage With Content Align Ads & LPs75% CPA Decrease
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Efficiency: Save Time & Money
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Optimize Your BudgetClient Brief: Client Budget:
http://blog.gaborit-d.com/13-images-client-brief-vs-client-budget/
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…Because there is more value in some visitors than others…
Find Your 80/20
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Build Workflows
Optimize Budgets
Identify Efficiencies Focus Budget
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Focusing Budgets
1. Separate Campaigns For:• Net New/Prospecting• Funnel Progression
2. Determine Budget Allocation for Each, Based Upon Goals3. Focus Funnel Progression On Only The Top Performing Data Sets With The
Highest Likelihood of Conversion Based Upon Your Work Flows (and the leadscoring that went into creating them)
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Funnel Progression Budget Allocation
Campaign 1
Campaign 2
Campaign 3
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Setting Up & Testing All of the Audiences Can Be Time Consuming…
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… but once your infrastructure is set up, you can reap the efficiencies of a seamless funnel experience.
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• Determine Your Criteria• Test & Rank Audience Performance Based Upon
Criteria• Build Workflows• Align Ad & Landing Page Content• Attribute Value, Individually and Holistically• Shift Budgets to Create the Most Profitable Outcome
Action Items:
#SMX #13B @hoffman8LEARN MORE: UPCOMING @SMX EVENTS
THANK YOU! SEE YOU AT THE NEXT #SMX