How to Apply a March Madness Approach to Paid Search
I look forward to NCAA March Madness every year. What I do like about March Madness is picking random teams based off either the state, the colors, or just rankings and odds. I love the camaraderie of being in a pool and heckling the other losers, and typically losing my $10 buy-in. Now that I’ve gotten the hang of creating a March Madness bracket year over year, I thought I’d apply the approach of choosing brackets to selecting a winning paid search strategy for 2017, based on my knowledge of search engine marketing.
Getting Started with a Paid Search Bracket
What makes March Madness so fun and exciting is that each tournament is different. The Connecticut Huskies won the championship in 2011 and 2014, yet they aren’t even in the bracket this year. Well, paid search is like March Madness in that regard — you cannot predict the “winning” tactic every year. What worked years ago might not be relevant in 2017. For example, targeting long-tail keywords used to be a best practice. Now the long-tail keyword approach has become obsolete due to the addition of close keyword variation. Now, let’s take a look at 16 important paid search tactics/practices for 2017 and put them in a bracket for consideration. How would you fill out the following bracket?
All of these tactics are important, and, depending on your needs, the results could be different. For example, is your key performance indicator lead generation? Then shopping campaigns wouldn’t apply. Do you have a small budget? I wouldn’t recommend YouTube if you have a small budget and your main goals are return on ad spend or cost per order. But if you are interested in increasing brand awareness, YouTube could be beneficial. The fun part about paid search is that there isn’t a “one size fits all” mentality. The important thing is to learn what works for you each year.
Selecting the Final Four Paid Search Tactics for 2017
Below is my paid search bracket for 2017. I’ve given a brief description about my Final Four and why I think my candidates are pivotal in 2017.
- Adwords IF Function Ads – We now can modify our ad copy based on device or audience. Doing allows us to change our call to action for those on mobile from “Learn More” to “Call Now” or maybe “Easy Mobile Booking.”
- Demographic Targeting – We can optimize and gather data based on income, age, gender, and so forth. Do we see that 18-24 year olds aren’t performing as well as 35-44 year olds? Let’s exclude or add a negative bid multiplier on the 18-24 year olds so that we can increase of traffic volume for those demographics that perform well.
- Attribution – What campaigns help the “last click conversion” with “assisted conversions”? We all know that the brand campaigns have a much higher conversion rate and conversion amount. How much of that outcome comes from assisted conversions? Did our non-branded, dynamic search campaign or display campaigns contribute to the branded conversions?
- Facebook Lookalike Targeting – Using Facebook’s algorithm to create a new audience based off of a list of past customers. You might find success when using this targeting if you have a smaller budget and target a focused audience size.
The Winner: Demographic targeting! Instead of relying on keyword data for all of our optimizations, we can now optimize off of age, gender, income targeting, and so on. We are now able to add bid modifiers or exclude demographics that don’t fit our target audience. This capability, in turn, can increase our order volume, or improve efficiencies by reducing traffic that isn’t a fit for our clients. Demographic targeting is just in the beginning stages for paid search campaigns and will only improve as Google gains more information.
Lead image source: Fredrick Kearney Jr. (https://stocksnap.io/author/37926)