Debunking AdWords Myths and Other Dogma by Larry Kim

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Smx Advanced 2014 Session #Smx #23B - Amazing Paid Search Tactics & Toolspresentation Debunking Adwords Myths And Other Dogma By Larry Kim @Larrykim Of Wordstream …

Smx Advanced 2014 Session #Smx #23B - Amazing Paid Search Tactics & Toolspresentation Debunking Adwords Myths And Other Dogma By Larry Kim @Larrykim Of Wordstream

For more articles by Larry Kim visit http://marketingland.com

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  • 1. CONFIDENTIAL – DO NOT DISTRIBUTE 1 Debunking AdWords Myths and Other Dogma Larry Kim, Founder/CTO, WordStream June 12, 2014 @larrykim
  • 2. Win a $25 Amazon.com Gift Certificate!! • Include @larrykim and #smx in your tweets so I can find them • Funniest Tweet & Best Tip Larry Kim (@larrykim) #wordstream
  • 3. What’s a Low CTR Strategy? a) “Broader Keywords” – Navigational/Informational/ Ambiguous Intent (e.g.: “Web Development”) b) “Fewer Clicks” – Discouraging people from clicking on ads, or going after lower ad positions Larry Kim (@larrykim) #wordstream
  • 4. CONFIDENTIAL – DO NOT DISTRIBUTE 5 Pick the Red or Blue Pill Warning: Data Ahead!
  • 5. Low CTR Used to Generate High Profits! • Google Has Changed • Old Strategies Need to be Revisited! Larry Kim (@larrykim) #wordstream
  • 6. Google Expects WAY More of Your Ads! Larry Kim (@larrykim) #wordstream
  • 7. Quality Score Based on Beating Expected CTR! Larry Kim (@larrykim) #wordstream
  • 8. Google Has Changed How Ad Auction Works • Today, average score is 5/10. Previously was 7/10 Larry Kim (@larrykim) #wordstream
  • 9. CONFIDENTIAL – DO NOT DISTRIBUTE 10
  • 10. CONFIDENTIAL – DO NOT DISTRIBUTE 11 Low Quality Score Penalty on CPC is Brutal
  • 11. Impression Share vs. Quality Score Larry Kim (@larrykim) #wordstream
  • 12. But High QS Not Possible In My Industry! Larry Kim (@larrykim) #wordstream
  • 13. B2B Industry Quality Scores Larry Kim (@larrykim) #wordstream
  • 14. Finance Industry Quality Scores Larry Kim (@larrykim) #wordstream
  • 15. Ecommerce Industry Quality Scores Larry Kim (@larrykim) #wordstream
  • 16. Why Cost Per Click Matters Larry Kim (@larrykim) #wordstream
  • 17. But Position 3 Converts Better for Me!! Larry Kim (@larrykim) #wordstream
  • 18. Conv. Rate vs. Average Search Position Larry Kim (@larrykim) #wordstream
  • 19. But My High CTR Ads Have High CPAs! Larry Kim (@larrykim) #wordstream
  • 20. How Do I Raise My Conversion Rates?! Larry Kim (@larrykim) #wordstream
  • 21. @larrykim Landing Page Unicorns?! (+3x Avg. Conversion Rate!)
  • 22. 1. Change The Offer Larry Kim (@larrykim) #wordstream
  • 23. The New Offer: Larry Kim (@larrykim) #wordstream
  • 24. Epiphany: Low QS Keywords Kill Your Account
  • 25. Example Crap Account Larry Kim (@larrykim) #wordstream
  • 26. Larry Kim (@larrykim) #wordstream OMG – Where Are My High QS Keywords!!
  • 27. Example Awesome Account Larry Kim (@larrykim) #wordstream
  • 28. Even Low CTR Keywords Get High QS!!! Larry Kim (@larrykim) #wordstream
  • 29. But I REALLY NEED my Low CTR Keywords! –Use RLSA! –Informal Google Analysis of Regular Search Ads vs. RLSA Search Ads: • 2.5x Avg. CTR, • ½ Avg. CPC • ~1.5x higher Quality Score. Larry Kim (@larrykim) #wordstream
  • 30. So How The Heck do I Scale Paid Search? Larry Kim (@larrykim) #wordstream
  • 31. Quick Recap 1. Above Average CTR Keyword/Ads = Great Success. 2. Below Average CTR Keyword/Ads = Train Wreck 3. So … Delete the bottom third of your account and re-deploy that spend to remarketing Larry Kim (@larrykim) #wordstream
  • 32. Average CPA’s for Search & Display, by Industry Larry Kim (@larrykim) #wordstream
  • 33. A Quick Note On Averages! Larry Kim (@larrykim) #wordstream
  • 34. Summary • It’s hard to win at AdWords with Below Avg. CTRs • Look to Display Remarketing to Scale AdWords Campaigns Larry Kim (@larrykim) #wordstream
  • 35. THANK YOU SMX!! Download Slides From Here: http://bit.ly/just-say-no-to-low-ctr Let’s Connect! (lkim@wordstream.com) • Linkedin: https://www.linkedin.com/in/larrykim • Twitter: @larrykim • G+: +larrykim1 Larry Kim (@larrykim) #wordstream