Larry Kim's Presentation at ClickZ Live San Francisco August 2014

  • View
    1.457

  • Download
    0

  • Category

    Mobile

Preview:

DESCRIPTION

PPC Peak Performance: The Definitive Adwords Audit Framework Forget everything you know, or think you know about auditing an AdWords account! In this presentation, you will hear concrete answers to the quintessential SEM question - How well are my PPC campaigns doing? - and provide concrete steps on what to do if they're underperforming. You will learn: Up To Date Competitive Benchmarks: What's a Good Click Through Rate? Conversion Rate? Quality Score? Cost per action? - This session will review easy ways to tell if you're beating the average or if your campaigns need work. Live Account Audits: To demonstrate the dramatic difference between succeeding and failing at paid search, a live audit of two real-world, competing AdWords accounts will take place. The 3 Key, Key Performance Metrics: There are thousands of key metrics in SEM. This session will show data which reveals the 3 metrics that track most closely to AdWords success, and why. Secrets of the Top 1% of AdWords Advertisers: In this session review ad copy and landing page tactics employed by the top 1% of most successful advertisers. Attendees will leave with a powerful new framework for auditing and troubleshooting PPC accounts.

Citation preview

August 11–14, 2014

#CZLSF | @ClickZLive

The Global Conference Series Designed by Digital Marketers, for Digital Marketers

PPC Peak Performance: The Definitive AdWords Audit FrameworkLarry KimWordStream, Inc.Founder & CTO

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Win This $25 Amazon Gift Card!

• Include the hashtag #CZLSF and me (@larrykim) in your tweets

• Prizes Awarded For Either …–Best Tip!–Funniest Tweet!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

• Even the “Winner” is a Loser!Forest vs. Trees

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Today’s Agenda: PPC Audits• What’s a Good…

– Quality Score?– Click Through Rate?– Conversion Rate?– Cost Per Conversion?

• … and how to vastly improve on all of these metrics!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

About Me• Founder of WordStream• Commander of the Quality

Score Rebellion• Had Kid 3 Months Ago

#ppckid

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Warning: Lots of Data Ahead!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

What’s a Good Quality Score

(and Why Should You Care?)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Avg. Quality Scores Are Falling

• Previously 7/10 was Average. Now 5/10.

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Quality Score Impacts Ad Position

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Quality Score Impacts Impression Share

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Quality Score Matters 2x More on Mobile

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Cost Per Conversion Greatly Impacted by QS

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

So.. Get a High Quality Score (Duh)

How is Quality Score Calculated?!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

What’s a Good CTR?

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

QS is Your CTR vs. Expected CTR

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

But High QS Not Possible In My Industry!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Real Estate Quality Scores

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Ecommerce Industry Quality Scores

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Finance Industry Quality Scores

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Crazy Hack To Raise Quality Scores

• Add 10% Branded Terms to Raise Account Average Quality Scores

• Delete the Bottom Third of Your PPC Account

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Example Crap Account

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Example Awesome Account

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Key Finding #1: They’re Downplaying QS

Quality Score Is a Helpful Diagnostic Tool, Not a Key Performance Indicator • Why: Your Quality Score is like a warning

light in a car’s engine that shows how healthy your ads and keywords are. It’s not meant to be detailed metric that should be the focus of account management

-- Source: bit.ly/qs-whitepaper

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

But Wait – What About This?!“QS is important in order for your ads to be successful … QS plays a key role in determining your ad's position and how much you'll pay for a click. In general, the more relevant your ad, the higher your QS – and the higher your QS, the better your position and the less you will have to pay for a click...Being successful with AdWords means getting your products or services in front of the people who are most likely to become your customers and a high Quality Score can help make that happen.”-- Source: What is AdWords Quality Score and Why Does It Matter?" from Google (2011)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Remember: QS Graded on a Curve

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Key Finding #2 : They Were

Withholding Info

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

“Low CTR” = Losing PPC Strategy

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Quick Recap

• Below Avg. CTR = Low QS

• Low CTR ads:

• Have Lower Ad Positions (Fewer Clicks)

• Often don’t even get displayed

• Get penalized w/ up to 400% higher CPCs

• Have up to 64% higher cost per conversion

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

The High CTR Game for AdWords

• Be Very Picky. Bid on Only the Best Keywords and Get HIGH CTRs.

• Delete Junk Keywords (Bottom Third of your Account)

• Tip: Roll Up Quality Scores to the AdGroup, Campaign or Account Level by using Impression weighted averages

What’s a Good Click Through Rate(And How to RaiseYour CTR by 6x)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Which Ad Wins?

Ad A

- 32,423 Impressions- 453 clicks (1.4% CTR)- Average Position: 2.8

Ad B

- 36,223 Impressions- 760 clicks (2.1% CTR)- Average Position: 3.0

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Trick Question! They Both Suck

• Neither ad is worth declaring a “Winner”.

• Not even the 2.1% CTR in the 3.0 Avg. Position.

• Why??

What’s a Good CTR These Days?

(You’d be surprised)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Google Expects More Than Ever

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Lots of Variance!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Under-Performing vs. Unicorns

Percentile Vs. Expected CTR

Name

Bottom 50% Below Expected CTR

Under-Performing Advertisers

Top 15% 2X Higher Awesome Advertisers

Top 5% 3x Higher Super Awesome Advertisers

Top 1% 6x Higher!! Unicorns!!!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

Unicorns?! (6x Avg. CTR!)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Ad Text Testing

• Same Story – 20% of Ads Generate 92% of Spend• 20% of Ads Generated 65% of Impressions• But CPA, CTR, and Conversion Rates vary

@larrykim, @perrymarshall

Hunting Unicorns

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

1. Keywords With High Commercial Intent

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

2. Dynamic Keyword Insertion (DKI)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

2. DKI Doesn’t Produce As Many Unicorns

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

3. Ad Extensions Impact on Quality Scores

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

3. Ad Extensions Impact on Click Through Rate

How To Write “Unicorn” Ads

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Most Ads Suck.

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Ads That Trigger Emotional Response

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Versus…

You Need To Test 100 Ads To Find 1

Unicorn.

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Relative AbundanceName Percentile Relative

AbundanceVs. Expected CTR

Awesome Ads

Top 15% 1:6.7 2X Higher

Super Awesome Ads

Top 5% 1:20 3x Higher

Unicorns Top 1% 1:100 6x Higher!!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

You’re Testing Fewer Ads Than You Think

It’s Not as Hard As You Think

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

The Bar is Very Low

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

5% of Ads Take 85% of Impressions

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

What’s a GoodConversion Rate? (And How to Improve Yours!)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Average Conversion Rates

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Top 10% of Landing Pages Have 3-5x Higher Conversion Rates

Distribution Point

All accounts

Ecommerce Legal B2B Finance

Median Conversion Rate

2.35% 1.84% 2.07% 2.23% 5.01%

Top 25% Conversion Rate

5.31% 3.71% 4.12% 4.31% 11.19%

Top 10% Conversion Rate

11.45% 6.25% 6.46% 11.70% 24.48%

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Landing Page Unicorns?! (+3x Avg. Conversion Rate!)

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

The Great Landing Page Optimization Myth

• We Changed the: – Font Type– Spacing– Button Color– Image– Etc.

• We got a 5% Increase in Conversions!!*

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Typical Conversion Rate Optimization Test

• PTD- Premature Testing Dilemma (aka “Optimizatitis”)• The Early Lead Disappears!• We want to believe our hard work paid off but we are often deluding

ourselves…

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Conventional Landing Page Optimization is Over-Rated

• Small Changes Result In Small Changes• % Change You Think You Got is Probably

Just Noise

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Re-Arranging Deck Chairs on the Titanic

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Aim for 3-5x Increases Not 3-5%

What Do Landing Page Unicorns

Look Like?

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

1. Change Your Offer

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

The New Offer

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

How To Know If Your Offer Stinks

• 2% Conversion Rate or Less• Ask Your Prospects

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

2. Radically Change The Flow

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

New Registration Flow

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Mobile Changes The Flow

OMG a Call Button!!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Call Extensions Radically Change Flow

Calls to Businesses worth on Average 3x More Than Clicks to Websites!!

4. Captured Lead

2. Calls Business

2. Clicks On Ad

Desktop Search Conversion Funnel

3% Avg. Conversion Rate

Mobile Conversion Funnel

1. Sees Ad 1. Sees Ad

3. Visits Landing Page3. Lead Captured!!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Try Eliminating Your Landing Pages

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Let Users Choose a Path

You Need To Try Out 10 Landing Pages To Find 1

Unicorn

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

This is the Same Landing Page

It’s Not as Hard As You Might Think

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

10% of Landing Pages Take 80% of Impressions

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Typical Small Biz Has Just 3 Landing Pages

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

No Automatic Benefit of Having Tons of Tons of Landing Pages

What’s a Good Cost Per Action?

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Avg. CPA’s By Industry

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Don’t Settle For Average!• Unicorn Ads Get 6x

higher CTR at 50% the Cost

• Unicorn Landing Pages Have 3-5x Higher Conversion Rates

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Summary:

• Just Say Now to Low CTR (and Low QS)• Forget Average, Find Your Unicorns!• Small Changes Result in Small Changes.

Think Big!

@larrykim

August 11–14, 2014 | #CZLSF | @ClickZLive

Thank You #CLZSF

• Stop by the WordStream Booth Today!• Slides: bit.ly/czlsf