|
Cost-per-order goals
Harrison Magun, managing director of eonMedia, strongly recommended
that businesses look at a set of statistical assumptions about the company
while setting up the pay-per-click budget. He recommends that you look
at the cost-per-order goals when setting your budget, not on spending
more money for top positions. This, according to Magun, is the better
way to decide what your budget is per sale rather than on positions. Base
it on performance in terms of sales.
Value in Low-volume Keyphrases
Kevin Lee, CEO of Did-it.com, urges businesses not to overlook low-volume
keyphrases. He says they can create impressive return because they are
useful to consumers who are about to buy. When you utilize a group of
low-volume keyphrases, Lee said that they can add an extra 5%-20% improvement
to your pay-per-click campaign.
Bidding against yourself
If you are managing the pay-per-click campaign for a larger company, be
careful that varying divisions are not bidding against each other in their
search engine strategies. Organize your efforts to avoid unwanted overlap
and unintentional competition within a company. One way to organize is
to keep a company-wide database of keyphrases. Varying departments and
business units would be assigned first right to certain keyphrases and
that assignment is recorded in the database. Once a department claims
a keyphrase, they are required to plan and implement a pay-per-click strategy
for utilizing it for successful marketing. The problem of competing within
a company for the same keyphrases is eliminated.
Summary
Generally companies do know how to value what they are selling. Accordingly,
set a planned, reasonable pay-per-click budget based on expected return.
With that, businesses can watch the success of their plan and alter the
plan as needed to become more successful with their investment. Planning
and allowing for pay-per-click based on cost per sale planning enables
your strategy rather than becoming an obstacle to this marketing tool.
source: http://searchenginewatch.com/searchday/article.php/3359901
|