Archives

How do I know if I’m spending my PPC budget wisely?

Pay-per-click marketing is difficult to master. It can either boost your company’s profitability or drain its resources (if the campaigns are not optimized correctly). There are also so many variables to consider, like how much to spend on search versus display, and whether your PPC is focused on e-commerce or lead generation. To avoid losing money on PPC, it is worthwhile to take a careful look at how you are spending your PPC budget and what you can do to improve it.

Start with the Basics

The first question to answer in figuring out the best PPC budget for your company is what do you need to generate more quality leads? To determine this, consider the essential elements of leads:

  • The frequency of visitors: How often are people coming to the site?
  • The cycle of buying: What is the typical buying cycle of each visitor?
  • Location of visitors: Where are the visitors located geographically?
  • Quality of leads: How well do the leads translate into measurable results?
  • CPL (target cost per lead): What is the cost for each lead?

Starting with these questions can help you paint an accurate picture of what your site’s activity currently looks like. Before you can envision a goal and create a path to get there, you need to know where your beginning point is.

Calculate Target Lead Goals

Once you gather this necessary information, you can distinguish your leads in terms of profitability and define your target lead. Some factors to consider in deciding what your target lead is includes the following:

  • What is the ideal number of leads for our company’s goals?
  • What makes a lead valuable?
  • What is our CCR (current conversion rate)?
  • How much money can we spend on each lead?

These are more difficult questions to answer but taking the time to do so will pay off as you enter the answers into formulas designed to make the most of your PPC budget. For example, you need to calculate how many new clients you need each month, what your close rate percentage is, and how much your cost per lead is. Using these numbers, you can figure out what your PPC lead goal should be and how much you need to spend to reach it. Let’s break that down into five steps with an example:

  • Step one: calculate your goal cost-per-lead–$50 per lead
  • Step two: decide on your new client goal—500 new clients per month
  • Step three: calculate the close rate of leads—30%
  • Step four: figure out your PPC leads (divide step two from step three)—1667
  • Step five: establish the amount your company needs to spend per month (multiply step one and step four)–$83,350

Final Considerations

Fine-tuning your company’s PPC budget is an excellent way to ensure that your company is in a fiscally responsible position, as well as to analyze its marketing strengths and weaknesses. Rather than just looking at how many leads you’re generating, for example, you can break down the quality of those leads and hopefully discover ways to improve not only the quantity but also the quality of the leads. Some of the considerations that can help you do that include the following:

  • Do leads from certain areas consistently result in higher conversion rates?
  • Do certain times of the day produce more leads than another?
  • How much time do visitors typically spend on our site?
  • How user-friendly is our website concerning the number of clicks that a user has to make?
  • Which search engine makes the most sense for us to use?
  • Would negative keywords winnow out the leads that don’t lead to conversion?
  • Should we adjust our bids according to traffic and pay more for leads during more profitable times or days?
  • How well does our site perform on a range of devices such as tablets, and laptops?

After analyzing these factors, you’re in a much stronger position to create an optimal PPC budget that gives you the most marketing power for every dollar you spend. The investment you make in smarter marketing practices will pay off as your site becomes more productive in attracting and retaining users. Additionally, your site will generate more quality leads, and your conversion rates will increase as you analyze and then adjust the way you spend money on PPC. You will also have peace of mind knowing that your PPC budget is being spent wisely.


Is Your Company’s Website Sending the Right Message?

You have probably visited a company’s website and never completely understand what the business offered or what they were selling. A company can spend a significant amount of time developing a well-designed website or writing tons of content, but you may not understand what it is they do. Far too often, the company has overlooked a crucial component – the message that they need to communicate.

Improving your company’s messaging can make all the difference between getting leads for your business or scaring off visitors. It takes time for a business to develop content, however, it is not effective if it neglects to clearly showcase what you’re offering. Communicating what you do and what separates you from your competitors is something that you must get right from the get-go to attract new business, or it may cost you potential revenue.

Effective Messaging

Your website must solve a problem and create value for potential clients. You have a short window of time to convince visitors to your site that the service or product you offer is what they are looking for or need. If the audience can’t understand your message or understand the website content, they will leave in matter of seconds and move on to another business.

Communicating your company’s message isn’t always easy. Most business owners make the mistake of believing that visitors to their site view the business the same way they do. Remember that visitors don’t know your business inside-and-out, and you need to showcase what you do in the clearest way possible.

There are three relevant questions to ask about your website’s messaging, which include:

1. What Is Your Business About?

It’s important to communicate the value your business creates for your market. Although this may sound obvious, sometimes this is overlooked. You need to think about how you would pitch your business to a total stranger in an elevator. When you meet someone for the first time and describe your business, do you use similar words as your company’s home page? It may be wise to ask people who are not familiar with your business to read your homepage and then ask them to explain what your business is about.

While it may not be easy to describe your business in a brief elevator pitch, you can ask this question to narrow down the focus of your business content and to help visitors see the value your business creates.

2. What Makes Your Business Different from Your Competitors?

Working in a competitive world brings challenges. Regardless of how unique or unusual our product or service is, there may already a similar product or service that is offered elsewhere. If you are unable to communicate on your website how your business is different from your competitors, potential clientele may assume your business offers nothing different and lose interest. You need to highlight the strengths of your services or products on your website homepage and make it stand out.

It is also important to refresh content on a regular basis. Adding new content that includes the latest information about your company and your brand is important attracting more customers and drawing in more business. Remember that the content on your site is also a reflection of your brand and its principles.

3. Have You Set the Right Expectations?

Not only should the message on your website communicate the value the business creates and what makes you stand out, messaging also plays a crucial role in establishing credibility for your business and turning visitors into clients.

Some websites lure visitors with clever messaging, but they fail to deliver on their promises. Your message must set the right expectations and convince potential clients that you will deliver the products and services as stated on your business site.

By effectively communicating what your business offers, how you differ from the competition, and setting and delivering on expectations, you can demonstrate your company’s value to visitors and boost business based upon the message and content listed on your website.

The more content you have, the better the website, but don’t forget that the focus is on quality above quantity. Your business content and messaging can only be useful if your audience finds the information on your web site insightful and valuable in the long run.


Five questions to ask your digital marketing agency before hiring them

Working with a digital marketing agency can increase the speed and return on your digital advertising investment. An agency most likely has the resources and experience to achieve better results than either an in-house team or the up-and-down world of freelancers that come with widely varying skills and ability.

However, while most agencies will be quick to assure you that they have the capabilities to meet your digital marketing needs, you don’t want to be oversold. Choosing the right agency can reduce costs and lead to faster and more pronounced growth, while choosing the wrong agency for you can mean the wrong fit, a lack of results, and can be costly.

To choose the right agency for you, it is a good idea to ask some specific questions to see how they align with your expectations:

1. What is your process?

You can tell a lot about how well a business understands your digital marketing needs when they describe how they’ll meet those needs.

This slightly less-common question (compared to the standard “how can you help me?”) requires the agency to tell you how they work and how they’ll handle your campaigns. You can also tell how experienced and knowledgeable they are about your specific needs by how well they can describe their process to you.

2. What experience do you have handling clients in my field?

Here, you get more directly into the experience of the agency. While many will claim to be able to meet your expectations, not everyone will have experience in your particular field.

Ask to see examples of their previous work for clients that are similar to your business and your marketing needs. If they can’t produce them, they may not have as much experience or expertise as they claim.

You may be tempted to go with an agency that is unproven in your field, in the hopes that they’ll bring a fresh perspective or new skills to your campaigns. That decision is up to you – and could pay off with the right agency. For other business owners, trusting your campaign to an experienced firm that can show results in your field lessens the risk that you’ll spend money to get little or no return.

3. How do you use digital marketing for your own brand?

Perhaps experience isn’t as important to you as the skillset available at the agency. In that case, you’ll discover a great deal from how they market themselves. You might ask to see how they’ve handled their own campaigns to get a glimpse of the creativity they will show your campaign.

This isn’t the most important factor, however. Many successful agencies do little for their own brands, largely because they are focused mainly on their own clients’ success.

4. When will I see results and what will those results look like?

Agencies can be either too reluctant or too eager to answer this question, and that’s telling in both cases. If they aren’t willing to pin down precisely what success looks like within a reasonable span of time, that may indicate they lack the capabilities to deliver.

On the other hand, a time frame that seems too short with results that sound too optimistic should also make you reconsider.

Look for a reliable, scientific means of proving positive results and a time frame that gives enough time (but not too much) to start seeing those results. Digital marketing should take half a year or more to start seeing improvements, depending on your industry and area of focus. Make sure you have a way to measure the success of the agency with some data at some point during the working relationship.

5. What will this cost?

Cost is always a significant concern any time you are investing in your business. Before settling on your digital marketing agency, make sure you set some hard numbers, and there’s an understanding of just how much you are willing to invest to meet the results you expect.

Once you’ve received the right answers to these questions from a digital marketing agency, you’ll be in a much more comfortable position to select the team that is right for you. It’ll be easier to decide on the agency with the capabilities to meet your expectations and to deliver the results you are looking for.


How Effective are Google Ads?

Spending money to advertise on Google is not cheap, so it’s a smart question for any business to ask how effective paid search marketing is in 2018. Have browsing habits evolved? Do people still click on ads?

In a 2017 study of Google users, 60% of participants responded that they will click on any result that is relevant to their search, regardless of whether it is an ad or organic result. Only 24% of participants responded that they would actively avoid clicking on ads. This means that 3 out of 4 people will still click on your ad if it is relevant to what they are looking for.

Because these potential clients are already looking for your product or service, it’s merely a matter of a click and an action (phone call, internet purchase, email, contact form, etc.) on their part to convert that into a sale or a potential sale.

Inbound marketing strategies like paid search advertising tend to generate a more significant return on investment (ROI) than outbound marketing strategies (email campaigns, scattershot social media advertising, postcards, flyers, etc.) because your audience is specifically looking for your services.

It is important to hire an experienced and reputable internet marketing firm as a resource to handle your online marketing efforts, including creating and managing your paid search campaigns. It is entirely possible to spend (and lose) quite a bit of money if you do not set up and manage the campaigns the right way. By hiring a firm that has experience in running successful campaigns, you can rest easier knowing that your money is being spent the right way.

If you are considering hiring a firm to help you take advantage of the more than 160 billion searches per month on Google, there are a few questions that you will want to ask your rep, including:

  • Have you handled campaigns in my specific industry before?
  • What type of ad spends have you worked with in the past?
  • What is the spend-range that you recommend for my specific campaign?
  • What is the communication process like? What type of reporting do you provide?

Once you have discussed their experience and plans for your particular campaign, you can be comfortable in handing the keys to your paid search advertising over to professionals who do this on a daily basis. As always, make sure to select a firm that you trust, and someone who you know will be looking to maximize your return on investment.

Ready to start working with us? Call (512) 806-7955 or Email Us Now