The Conversion Optimizer. Maximize your advertising ROI.

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Presentation transcript:

The Conversion Optimizer. Maximize your advertising ROI.

What is the Conversion Optimizer? The Conversion Optimizer is a free AdWords automatic bid management system It's based on Cost-Per-Conversion and does not affect the Cost-Per-Click It is designed to get you more conversions at a lower cost £ € £ $ € What? Why? How Top Tips Remember Conclusion

Why use the Conversion Optimizer? The Conversion Optimizer can increase conversions whilst reducing your CPA On average, campaigns adopting the Conversion Optimizer achieve a 21%* increase in conversions while decreasing their CPA by 14%* What? Why? How Top Tips Remember Conclusion *Internal Google Statistics 2012; This analysis compares the performance of Conversion Optimizer campaigns over the course of a year with a control set of campaigns and represents the average impact of Conversion Optimizer. The actual impact will vary from campaign to campaign.

How the Conversion Optimizer works. It observes The Conversion Optimizer studies your conversion tracking data to figure out how often each type of auction leads to a conversion It builds Based on observed past performance, the Conversion Optimizer creates a prediction model to estimate which auctions will perform best for you in the future It optimizes The Conversion Optimizer adjusts your bids on an ongoing basis, ensuring your money is efficiently invested in the best auctions. It generates an ad rank by your CPA bid, Quality Score and predicted conversion rate What? Why? How Top Tips Remember Conclusion

Bidding options. Maximum cost-per-acquisition This is the most you're willing to pay for each conversion Target cost-per-acquisitionThis is the average amount you're willing to pay for each conversion What? Why? How Top Tips Remember Conclusion

Benefits to using the Conversion Optimizer. Increase your profits Campaigns adopting the Conversion Optimizer typically achieve an increase in conversions and a decrease in their CPA   Easy to use Spend less time managing your bids There’s no additional charge Access Conversion Optimizer within your AdWords account with no extra fees or new interfaces to learn What? Why? How Top Tips Remember Conclusion

Top Tips for Conversion Optimizer Success. It’s easy to try out - if the Conversion Optimizer is turned off, your campaign will revert to the previous CPC bids you were using . After setting your max CPA or target CPA the Conversion Optimizer will modify your bids regularly to find your “sweet spot” . Review your results from using the Conversion Optimizer to get an accurate understanding of its effects on your campaign’s performance. What? Why? How Top Tips Remember Conclusion

Top Tips for Conversion Optimizer Success cont... Apply learnings from previous campaigns that have used conversion tracking for even better results. Don't make huge changes to a campaign while running Conversion Optimizer.   Do make small changes to your campaign that fit your business needs. What? Why? How Top Tips Remember Conclusion

Remember…Three things to keep in mind: Your campaign must have received at least 15 conversions in the last 30 days Your campaign must have been receiving conversions consistently for at least a week No matter what your volume of conversions are, try Conversion Tracking for at least two weeks before trying the Conversion Optimizer You must have installed Conversion Tracking previously Avoid using it during busy seasonal times What? Why? How Top Tips Remember Conclusion

Testimonial. “We've seen the campaigns we've used Conversion Optimizer on increase in ROI about 200%, the cost per acquisition go down about 40%, and our conversion percentage go from 0.5% to 2.0%.” Tad Dooling, Online Marketing Manager, CafePress* What? Why? How Top Tips Remember Conclusion *Source: Google Internal Data. Last updated: July 2012.

Thank you. If you have any queries or would like help setting up the Conversion Optimizer please contact us: contact@cherubmedia.org 877-445-7999