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| #SMSSYD19 @navahf
Time to Grow: Signals &
Soundbites for Growth
By: Navah Hopkins
| #SMSSYD19 @navahf
I am a bounty hunter of happiness and profit
(& a Star Wars nerd)
| #SMSSYD19 @navahf
• Am focused on the business
metrics of my stakeholders (clients).
• Know when to invest and when to
hold back.
• Live for the thrill of winning for my
stakeholders.
This means I:
| #SMSSYD19 @navahf
Talking Money is Hard – Talking Profit is
Easy
| #SMSSYD19 @navahf
By the end of this session, each of you will have
the tools to be a fellow bounty hunter of
happiness and profit
| #SMSSYD19 @navahf | @navahf
What We’ll Be Covering
➔ Baseline/Questions to Ask
➔ Poor Performance Caused by
Lack of Budget
➔ Can’t Spend the Budget
➔ Account is Winning
➔ Casestudy
Navah Hopkins
Services Innovation
Strategist
| #SMSSYD19 @navahf
Baseline/Questions to Ask
| #SMSSYD19 @navahf
Before We Can Begin Hunting, We Need to Do
Some Reconnaissance
| #SMSSYD19 @navahf
Are All Parts of the Business Equal, or Are Some
Worth More?
| #SMSSYD19 @navahf
Are There Hubs of High-Value Customers, or Are
They Truly Spread Out?
| #SMSSYD19 @navahf
Are Phone and Website Leads Equal? Do
Conversion Rates and Auction Prices Align?
| #SMSSYD19 @navahf
• Impression Share
• Auction Price
• Conversion Rate/Value
Three Trails Good
Hunters Follow:
| #SMSSYD19 @navahf
Most Advertisers Struggle to Achieve 50%+ of
Available Impressions
Based on
2973
accounts
with at least
$.01 in
search
spend
Average
impression
share is 47%
| #SMSSYD19 @navahf
Search Auction Prices
Vary by Industry – don’t
bring a blaster to a
lightsaber duel
| #SMSSYD19 @navahf
If You Know You Have An Easier Time Winning on
Mobile/Desktop, Don’t Be Afraid to Focus There
Mobile:
4.39% CTR
$34.79 CPA
| #SMSSYD19 @navahf
✓Location Targets
✓Duplicate Keywords
✓Structure of the Campaign
✓Match-types of keywords
✓Bidding strategies
Raising Budget is a
Last Resort – Check the
Following First:
| #SMSSYD19 @navahf
Poor Performance Caused by Lack of
Budget
| #SMSSYD19 @navahf
Wasted Spend is the Enemy
| #SMSSYD19 @navahf
If there’s a hint of wasted spend, it
can be hard to convince clients to
open up budget.
| #SMSSYD19 @navahf
Here’s the problem: a budget that isn’t aligned
with the structure it’s asked to support will always
be wasted spend
| #SMSSYD19 @navahf
Can your budget support 10 “top of page clicks”?
| #SMSSYD19 @navahf
Here’s what,
“Top of
Page” looks
like:
| #SMSSYD19 @navahf
If Not, Assess if You Can Get The Traffic With
Different Search Ideas
Based on $369
spend between
October 25th and
November 23rd 2017
| #SMSSYD19 @navahf
Check The Search Terms For The Real Heroes!
3% cheaper
& perfect
conversion
rate!
| #SMSSYD19 @navahf
Broad Keywords Can Drag Your Budget into
Unintended Auctions
162%
More
Than
Average
| #SMSSYD19 @navahf
If they’re all too high, find out if clients can live
without that Traffic
| #SMSSYD19 @navahf
• Use extensions to communicate
valuable ideas without paying a
premium.
• Bid adjustments can focus the
budget.
• Lumping strategic initiatives
together can cause all to fail.
Not all profit centers
are equal:
| #SMSSYD19 @navahf
Daily Budgets Needed For AT LEAST One Lead
Based on 2018 Average CPC
Monthly
budget will be
30.4 X daily
budget
| #SMSSYD19 @navahf
Bing’s Auction
Prices Can Be More
Forgiving
| #SMSSYD19 @navahf
Starting Bing Is As Easy As Setting Up An Auto-
Import
| #SMSSYD19 @navahf
• Be transparent about industry costs
and whether budget expectations
are realistic.
• Offer options that work within the
requested budget.
• Give realistic timelines for growth
When crafting marketing
budgets/assessing clients:
| #SMSSYD19 @navahf
Can’t Spend the Budget
| #SMSSYD19 @navahf
It can be intimidating to ask for more budget,
when you’re struggling to spend existing budget.
| #SMSSYD19 @navahf
Your Campaign is Likely Losing Impression Share
to Rank
| #SMSSYD19 @navahf
• Too many targets
• Bids and auction prices not aligned
• Search volume isn’t there for
“important” keywords
Here are the most
common culprits:
| #SMSSYD19 @navahf| #SMSSYD19 @navahf
There’s only
so many
signals a
budget can
accommodate
| #SMSSYD19 @navahf
Targeting 5+ locations without bid adjustments
can cause budget allocation issues
| #SMSSYD19 @navahf
Different Locations Have Different Auction
Prices, Search Patterns, & Time Zones
| #SMSSYD19 @navahf
Number of ad groups can also choke a budget: 5-7
is the golden ratio!
60% of
impressions
Budget
will only
go to
“winners”
instead of
everything
| #SMSSYD19 @navahf
Bid to budget ratio is only
part of the equation: if the
bids are too low, you won’t
even enter the auction
| #SMSSYD19 @navahf
While it is true Google can up to double your
budget, you can’t bank on it delivering premium
volume if you’re consistently under bidding
| #SMSSYD19 @navahf
Search volume is an important mechanic in
account health
| #SMSSYD19 @navahf
Google’s not going to
waste its time or your
money on pages that
lack transactional value
| #SMSSYD19 @navahf
But those pages may be important to clients
| #SMSSYD19 @navahf
• Turn important low volume
keywords into site links/callouts
• Make a low budget “experiment”
campaign to house these ideas
• Ask the client if they’d be open to
content marketing being
responsible for those ideas.
Here are three easy
solutions:
| #SMSSYD19 @navahf
Account is Winning
| #SMSSYD19 @navahf
Congratulations! You’ve vanquished your enemies
and achieved profit!
| #SMSSYD19 @navahf
But we’re bounty hunters of profit and
happiness…there’s always more to be had
| #SMSSYD19 @navahf
• Can your client handle more leads
or are they at capacity?
• Is this seasonal – should we invest
now, or hold for next season?
• Should the budget go to existing
initiatives, or would you rather
expand to new platforms/parts of
the business?
Before we continue:
| #SMSSYD19 @navahf
Here is what I look for in a winning campaign
Consistently
above 75%
impression
share!
Campaign live for at least three months
| #SMSSYD19 @navahf
Important: Never dump large amounts of money
into a winning campaign all at once!
| #SMSSYD19 @navahf
Gradually increase budget by 10-15% each week
over a month
| #SMSSYD19 @navahf
A great way to expand is to layer in display!
In-market display
ad with affinity
content!
| #SMSSYD19 @navahf
Display Average CPC’s Are Cheaper – Build Your
Perfect Audience to Be Picked Up By Search
Remarketing
10%
conversion
rate vs 4%
conversion
rate
| #SMSSYD19 @navahf
Display Can Bring Users Your Branded and
Remarketing Search Campaigns are Poised to
Pick-up
$496
Monthly
Budget
168550
Monthly
Impressions
701
Monthly
Clicks
*Average monthly budget, impressions and clicks across
4000 accounts (no budget over $50 and no budget under
$1)
| #SMSSYD19 @navahf
Don’t Forget About Facebook!
26% Of Clicks Result In A
Conversion (Spark Central)
| #SMSSYD19 @navahf
• Average CPC is $1.72, but this is
determined by how many folks
click on your ad!
• Budgets can be ad set or
campaign level – choose the level
of control that suits you!
• 19% of time spent on mobile is
on Facebook.
Facebook Budgets
| #SMSSYD19 @navahf
By running campaigns on other networks, you can
expand your Google market:
| #SMSSYD19 @navahf
New Campaigns Are Expensive – the
first 1-2 months of a campaign will be
about data acquisition
| #SMSSYD19 @navahf
Client Story: Koru K9
| #SMSSYD19 @navahf
Budget conversations are a game of transforming
“cost” into “investment”
| #SMSSYD19 @navahf
• CTR
• Quality Score
• Impression Share
• Extensions
• Match-types
Clients won’t care
about:
| #SMSSYD19 @navahf
• Quality of leads
• Return on ad spend
• Volume of leads (as long as quality
isn’t impacted)
• Year over year growth
• Growing the value of a customer
Clients will care about:
| #SMSSYD19 @navahf
If we want to grow the budget, we need to speak
their language
| #SMSSYD19 @navahf
Meet Koru K9:
| #SMSSYD19 @navahf
Koru K9 Grew Through Online Marketing!
Benchmark (November 2015)
➔ Spend: $1,295.75(AdWords)
➔ Impressions: 30,570
➔ Clicks: 368
➔ Average CPC: $3.85
➔ Conversions: 23
➔ Conversion Rate: 6.25%
➔ CPA: $56.34
Post Optimizations (March 2019)
➔ Spend: $6,100 (Google
Ads/Bing/Facebook)
➔ Impressions: 59,000
➔ Clicks: 2,000
➔ Average CPC: $2.69
➔ Conversions: 225
➔ Conversion Rate: 9.6%
➔ CPA: $27.07
| #SMSSYD19 @navahf
• Built trust by identifying and
eliminating wasted spend brought
in by broad terms and tangential
searches.
• Focused budgets by geos served
and replicated winning structure
across those areas.
• Layered in display to educate
markets on why their approach to
training works.
How did we achieve
victory?
| #SMSSYD19 @navahf
For Profit!
| #SMSSYD19 @navahf| #SMSSYD19 @navahf
Build trust
through
transparency
about budgets
and timelines.
| #SMSSYD19 @navahf| #SMSSYD19 @navahf
Use extensions
to promote
expensive ideas
when your
budget cannot.
| #SMSSYD19 @navahf| #SMSSYD19 @navahf
Honor thy bid
to budget ratio
and conversion
rates
| #SMSSYD19 @navahf| #SMSSYD19 @navahf
Check for
alternative
ways to achieve
expensive
traffic, but if the
ROI is there,
invest!
| #SMSSYD19 @navahf| #SMSSYD19 @navahf
Acquisition
costs go down
with increased
exposure to
brands –
Display brings
the audience!
| #SMSSYD19 @navahf
Thanks! Questions?
nhopkins@wordstream.com
@navahf

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Time To Grow Search Marketing Summit

  • 1. | #SMSSYD19 @navahf Time to Grow: Signals & Soundbites for Growth By: Navah Hopkins
  • 2. | #SMSSYD19 @navahf I am a bounty hunter of happiness and profit (& a Star Wars nerd)
  • 3. | #SMSSYD19 @navahf • Am focused on the business metrics of my stakeholders (clients). • Know when to invest and when to hold back. • Live for the thrill of winning for my stakeholders. This means I:
  • 4. | #SMSSYD19 @navahf Talking Money is Hard – Talking Profit is Easy
  • 5. | #SMSSYD19 @navahf By the end of this session, each of you will have the tools to be a fellow bounty hunter of happiness and profit
  • 6. | #SMSSYD19 @navahf | @navahf What We’ll Be Covering ➔ Baseline/Questions to Ask ➔ Poor Performance Caused by Lack of Budget ➔ Can’t Spend the Budget ➔ Account is Winning ➔ Casestudy Navah Hopkins Services Innovation Strategist
  • 8. | #SMSSYD19 @navahf Before We Can Begin Hunting, We Need to Do Some Reconnaissance
  • 9. | #SMSSYD19 @navahf Are All Parts of the Business Equal, or Are Some Worth More?
  • 10. | #SMSSYD19 @navahf Are There Hubs of High-Value Customers, or Are They Truly Spread Out?
  • 11. | #SMSSYD19 @navahf Are Phone and Website Leads Equal? Do Conversion Rates and Auction Prices Align?
  • 12. | #SMSSYD19 @navahf • Impression Share • Auction Price • Conversion Rate/Value Three Trails Good Hunters Follow:
  • 13. | #SMSSYD19 @navahf Most Advertisers Struggle to Achieve 50%+ of Available Impressions Based on 2973 accounts with at least $.01 in search spend Average impression share is 47%
  • 14. | #SMSSYD19 @navahf Search Auction Prices Vary by Industry – don’t bring a blaster to a lightsaber duel
  • 15. | #SMSSYD19 @navahf If You Know You Have An Easier Time Winning on Mobile/Desktop, Don’t Be Afraid to Focus There Mobile: 4.39% CTR $34.79 CPA
  • 16. | #SMSSYD19 @navahf ✓Location Targets ✓Duplicate Keywords ✓Structure of the Campaign ✓Match-types of keywords ✓Bidding strategies Raising Budget is a Last Resort – Check the Following First:
  • 17. | #SMSSYD19 @navahf Poor Performance Caused by Lack of Budget
  • 18. | #SMSSYD19 @navahf Wasted Spend is the Enemy
  • 19. | #SMSSYD19 @navahf If there’s a hint of wasted spend, it can be hard to convince clients to open up budget.
  • 20. | #SMSSYD19 @navahf Here’s the problem: a budget that isn’t aligned with the structure it’s asked to support will always be wasted spend
  • 21. | #SMSSYD19 @navahf Can your budget support 10 “top of page clicks”?
  • 22. | #SMSSYD19 @navahf Here’s what, “Top of Page” looks like:
  • 23. | #SMSSYD19 @navahf If Not, Assess if You Can Get The Traffic With Different Search Ideas Based on $369 spend between October 25th and November 23rd 2017
  • 24. | #SMSSYD19 @navahf Check The Search Terms For The Real Heroes! 3% cheaper & perfect conversion rate!
  • 25. | #SMSSYD19 @navahf Broad Keywords Can Drag Your Budget into Unintended Auctions 162% More Than Average
  • 26. | #SMSSYD19 @navahf If they’re all too high, find out if clients can live without that Traffic
  • 27. | #SMSSYD19 @navahf • Use extensions to communicate valuable ideas without paying a premium. • Bid adjustments can focus the budget. • Lumping strategic initiatives together can cause all to fail. Not all profit centers are equal:
  • 28. | #SMSSYD19 @navahf Daily Budgets Needed For AT LEAST One Lead Based on 2018 Average CPC Monthly budget will be 30.4 X daily budget
  • 29. | #SMSSYD19 @navahf Bing’s Auction Prices Can Be More Forgiving
  • 30. | #SMSSYD19 @navahf Starting Bing Is As Easy As Setting Up An Auto- Import
  • 31. | #SMSSYD19 @navahf • Be transparent about industry costs and whether budget expectations are realistic. • Offer options that work within the requested budget. • Give realistic timelines for growth When crafting marketing budgets/assessing clients:
  • 32. | #SMSSYD19 @navahf Can’t Spend the Budget
  • 33. | #SMSSYD19 @navahf It can be intimidating to ask for more budget, when you’re struggling to spend existing budget.
  • 34. | #SMSSYD19 @navahf Your Campaign is Likely Losing Impression Share to Rank
  • 35. | #SMSSYD19 @navahf • Too many targets • Bids and auction prices not aligned • Search volume isn’t there for “important” keywords Here are the most common culprits:
  • 36. | #SMSSYD19 @navahf| #SMSSYD19 @navahf There’s only so many signals a budget can accommodate
  • 37. | #SMSSYD19 @navahf Targeting 5+ locations without bid adjustments can cause budget allocation issues
  • 38. | #SMSSYD19 @navahf Different Locations Have Different Auction Prices, Search Patterns, & Time Zones
  • 39. | #SMSSYD19 @navahf Number of ad groups can also choke a budget: 5-7 is the golden ratio! 60% of impressions Budget will only go to “winners” instead of everything
  • 40. | #SMSSYD19 @navahf Bid to budget ratio is only part of the equation: if the bids are too low, you won’t even enter the auction
  • 41. | #SMSSYD19 @navahf While it is true Google can up to double your budget, you can’t bank on it delivering premium volume if you’re consistently under bidding
  • 42. | #SMSSYD19 @navahf Search volume is an important mechanic in account health
  • 43. | #SMSSYD19 @navahf Google’s not going to waste its time or your money on pages that lack transactional value
  • 44. | #SMSSYD19 @navahf But those pages may be important to clients
  • 45. | #SMSSYD19 @navahf • Turn important low volume keywords into site links/callouts • Make a low budget “experiment” campaign to house these ideas • Ask the client if they’d be open to content marketing being responsible for those ideas. Here are three easy solutions:
  • 47. | #SMSSYD19 @navahf Congratulations! You’ve vanquished your enemies and achieved profit!
  • 48. | #SMSSYD19 @navahf But we’re bounty hunters of profit and happiness…there’s always more to be had
  • 49. | #SMSSYD19 @navahf • Can your client handle more leads or are they at capacity? • Is this seasonal – should we invest now, or hold for next season? • Should the budget go to existing initiatives, or would you rather expand to new platforms/parts of the business? Before we continue:
  • 50. | #SMSSYD19 @navahf Here is what I look for in a winning campaign Consistently above 75% impression share! Campaign live for at least three months
  • 51. | #SMSSYD19 @navahf Important: Never dump large amounts of money into a winning campaign all at once!
  • 52. | #SMSSYD19 @navahf Gradually increase budget by 10-15% each week over a month
  • 53. | #SMSSYD19 @navahf A great way to expand is to layer in display! In-market display ad with affinity content!
  • 54. | #SMSSYD19 @navahf Display Average CPC’s Are Cheaper – Build Your Perfect Audience to Be Picked Up By Search Remarketing 10% conversion rate vs 4% conversion rate
  • 55. | #SMSSYD19 @navahf Display Can Bring Users Your Branded and Remarketing Search Campaigns are Poised to Pick-up $496 Monthly Budget 168550 Monthly Impressions 701 Monthly Clicks *Average monthly budget, impressions and clicks across 4000 accounts (no budget over $50 and no budget under $1)
  • 56. | #SMSSYD19 @navahf Don’t Forget About Facebook! 26% Of Clicks Result In A Conversion (Spark Central)
  • 57. | #SMSSYD19 @navahf • Average CPC is $1.72, but this is determined by how many folks click on your ad! • Budgets can be ad set or campaign level – choose the level of control that suits you! • 19% of time spent on mobile is on Facebook. Facebook Budgets
  • 58. | #SMSSYD19 @navahf By running campaigns on other networks, you can expand your Google market:
  • 59. | #SMSSYD19 @navahf New Campaigns Are Expensive – the first 1-2 months of a campaign will be about data acquisition
  • 60. | #SMSSYD19 @navahf Client Story: Koru K9
  • 61. | #SMSSYD19 @navahf Budget conversations are a game of transforming “cost” into “investment”
  • 62. | #SMSSYD19 @navahf • CTR • Quality Score • Impression Share • Extensions • Match-types Clients won’t care about:
  • 63. | #SMSSYD19 @navahf • Quality of leads • Return on ad spend • Volume of leads (as long as quality isn’t impacted) • Year over year growth • Growing the value of a customer Clients will care about:
  • 64. | #SMSSYD19 @navahf If we want to grow the budget, we need to speak their language
  • 66. | #SMSSYD19 @navahf Koru K9 Grew Through Online Marketing! Benchmark (November 2015) ➔ Spend: $1,295.75(AdWords) ➔ Impressions: 30,570 ➔ Clicks: 368 ➔ Average CPC: $3.85 ➔ Conversions: 23 ➔ Conversion Rate: 6.25% ➔ CPA: $56.34 Post Optimizations (March 2019) ➔ Spend: $6,100 (Google Ads/Bing/Facebook) ➔ Impressions: 59,000 ➔ Clicks: 2,000 ➔ Average CPC: $2.69 ➔ Conversions: 225 ➔ Conversion Rate: 9.6% ➔ CPA: $27.07
  • 67. | #SMSSYD19 @navahf • Built trust by identifying and eliminating wasted spend brought in by broad terms and tangential searches. • Focused budgets by geos served and replicated winning structure across those areas. • Layered in display to educate markets on why their approach to training works. How did we achieve victory?
  • 69. | #SMSSYD19 @navahf| #SMSSYD19 @navahf Build trust through transparency about budgets and timelines.
  • 70. | #SMSSYD19 @navahf| #SMSSYD19 @navahf Use extensions to promote expensive ideas when your budget cannot.
  • 71. | #SMSSYD19 @navahf| #SMSSYD19 @navahf Honor thy bid to budget ratio and conversion rates
  • 72. | #SMSSYD19 @navahf| #SMSSYD19 @navahf Check for alternative ways to achieve expensive traffic, but if the ROI is there, invest!
  • 73. | #SMSSYD19 @navahf| #SMSSYD19 @navahf Acquisition costs go down with increased exposure to brands – Display brings the audience!
  • 74. | #SMSSYD19 @navahf Thanks! Questions? nhopkins@wordstream.com @navahf