Pay-per-click (PPC) is one of the most effective Internet marketing channels. It enables you to reach targeted Web traffic. So, how do you ensure you have a solid PPC strategy?
Once you embark on a PPC campaign, measure the campaign’s success by setting up metrics. You first should establish baselines and goals if you are to measure the success of the PPC strategy. It is important that you do comprehensive research to establish what the break-even point is. The greatest merit of knowing the break-even point is that you will be able to determine the cost-per-click (cost-per-conversion) that is acceptable.
If each sale brings you $50 and your conversion rate is 2%, this means for every 100 visitors, there will be 2 sales. With these statistics, you can afford an expenditure of $100 (which translates into $1 per click) for every 100 clicks if you want to break even. If you are able to accurately estimate the conversion rate, you will be able to determine what you can afford for each click.
Another way to enhance your PPC strategy is having deep knowledge of your target market. Pay Per Click advertising allows you to reach a targeted market since you get to decide where your ads will be placed. If you understand your target market, you will save on your PPC marketing costs. To understand your target market, do thorough market research. An example of what you can do during research is trying to determine the time most people in your demographic and in a particular region shop. This way, you will be able to turn off your PPC campaign when you are unlikely to reach your target market. There are several tools for making this determination.
Do ad testing and tracking to know how your ads are doing. Do a spit test on your ads. Once you have determined what the well performing ads are, remove the old ones, and write new ads to try to beat the ones that are working. By incrementally improving the quality of your ads, you will also be incrementally improving your CTR (click-through ratio). Take time to research keywords that are related to your niche and keep in touch with the latest trends.
For proper PPC campaign management, make a good plan and set up the ad groups you will use properly. When doing keyword research, group keywords that are related into different ad groups. After this, have a separate ad for each of the ad groups. Note that targeted ads will lead to a good quality score and a good quality score means lower bids.
Fight the temptation to compare yourself with the competition. Focus on improving your actions since you will get progressively better results and there is nothing much you can do about your competitors’ PPC campaigns. There are many online resources that will give you valuable tips on how to get the best from your PPC campaign. Create a budget for continual education. Ecommerce PPC advertising in particular has a steep learning curve and you should, therefore, not expect instant results. Once you master proven PPC techniques, driving targeted Web traffic to your website will be a walk in the park.continue...
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