Real-time performance metrics help hone your digital marketing strategy
As a small or medium-sized business, you know how critical it is to reach potential customers with digital advertising. But getting the word out isn’t as simple as it used to be, when a good website or simple social media ad would generate sales. Today, a savvy online advertising campaign is essential, and using Google Ads is an easy, low-cost, and measurable way to scale your eCommerce business. To maximize the impact of your Google Ads, there are a few expert strategies you can use.
As the name says, Google Ads pop up on the screen when a user is looking for a product or service like yours, appearing on Search, Maps, and Google’s network of partner sites. An ad has a headline, URL, and description text — all of which you write yourself.
To create great Google Ads, you should get familiar with these features:
Maximizing growth is directly related to targeting your market. It’s a waste of resources if your ads are in front of the wrong people at the wrong time. With Google Ads, you can fine-tune your message:
The main method for assessing how well an ad is performing is using the click-through rate (CTR), which is the percentage of people who click on an ad when they see it.
Once you know the CTR, you can figure out what you’re spending per click in advertising dollars, or the “cost per click.”
Average CTRs are low, hovering around two users per 1,000 views, or 0.2%
When a customer interacts with your ad, what do they do next? Do they purchase your product or sign up for your newsletter? Find out by setting up conversion tracking with Google Ads. Conversion tracking is a free tool that allows you to understand which actions a customer takes after engaging with your ad. Conversion tracking is a powerful way of better understanding which of your ads are working — and which aren’t.
To take conversion tracking to the next level, use a tag or snippet of code provided by Google to add to your website and, if you have one, your mobile app. Once you do, Google will track the actions and engagements that a person takes after visiting your website or app via Google Ads. When they complete an action that you’ve defined, Google will record the conversion — helping you better understand your customer base.
Whenever possible, it’s best to set up your ads around conversions. This allows you to focus on cost per acquisition (CPA) as a tool for measurement. CPA takes into consideration the total cost of a customer completing a specific action. CPAs will vary based on industry, but by better understanding your initial CPAs you can benchmark your future success with conversion tracking.
The Google Ads methodology is based on trial and error. You write an ad, you analyze data describing its effectiveness, and you make adjustments. Then, you do it again.
Google has a free tool that measures results by tracking performance, helping you pinpoint which ads are working best and why. It helps determine the degree to which the ads turn into measurable interactions, so you can tally clicks as well as purchases, viewings of a video, downloads of an app, or phone calls. For example, if one ad is getting more website visits than the others, you can make changes and see what happens.
The tool charts actions taken in real-time, separating your campaigns so you can analyze and compare the effectiveness of each. You can tweak the language, change keywords, or adjust your audience or budget. Then, you can watch how the ads perform, assess the impact of your changes, and edit again.
The tool also measures performance by device, so you can track impressions on mobile, tablet, and desktop. And, the tool offers recommendations for improving CTR and driving more traffic to your business.
To optimize results on a PPC platform, make use of all the features discussed above, and be strategic in your thinking. Here are tips for maximizing revenue using Google Ads:
If you’re a small or medium-sized business, you probably want flexibility in your digital advertising plan. Because Google Ads make it easy to experiment in real-time with different content, messages, and visuals, you can continually analyze, tweak, and test your marketing strategy.
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