Using AdWords as a high-growth startup - how to determine your keywords, max CPC and ROI. Having calculated the right metrics, how do you scale your program with automated rules and remarketing?
10. Keyword Research
Get specific about
your product
1
List as many
keywords as you
can
2
Ask Google
3
Narrow it down
• Relevance
• Competition
• Cost
4
11. Cost-Per-Click
For eCommerce:
Max CPC = (revenue per customer) x (1 – profit margin) x (website conversion rate)
For services:
Max CPC = (LTV) x (1 – profit margin) x (website conversion rate)
15. Automate the Boring
Stuff
• Change daily budget when...
• Pause campaigns when...
• Enable campaigns when...
• Send email when...
• Create rule for ad groups
• Create rule for keywords
• Create rule for ads
16. The MVPs
1. Drop the dead weight
– Pause keywords when cost exceeds X and conversions = 0
2. CPC booster
– Increase bid by 10% when conversions > X, quality score > 5 and average position worse than 3
3. Email alert
– Send email for keywords that exceed your max CPC.