Changes Based on Conversion Results
At my company we just launched our first ecommerce store at
the end of June. This is a huge deal for our market as a lot of our main
competitors don’t sell their products online directly. One offers a “Where to
Buy” button that send customers to distributors of their product. Another makes
it look like you can add something to your cart, but when you click the “add to
cart” button, it asks you to request a quote. As a consumer this is a major
turn off for me personally. However, the company is leading the fall protection
industry so they must be doing something right. My company sells through
distributors also, but would like to move to selling direct.
In launching our new eccomerce store, we started working
with a third party company that currently runs our Google Adwords campaigns
along with our retargeting ads. I am the main marketing person working with the
third party company. Based on our data results within the two months, we
realized all of our checkout times were between 1:00a.m. and 8:00p.m. We had sessions between the times of 8:00p.m.
and 1:00a.m., but no actual checkouts. From this knowledge, we decided to stop
running our ads between 8:00p.m. and 1:00a.m. to make sure we were getting the
most out of our budget.
We also realized that most of our customers were coming from
California, Texas, and Georgia. From that knowledge, we raised the bidding for
those states. This does not mean we turned off the ads for the other states.
What we did was make sure those three states got more attention than the
others.
So far, by turning off our ads based on the specific time
frame, we have seen a decrease in our cost, and a raise in customer checkouts.
This is not to say we might not ever turn those times back on, but for right
now, we are very satisfied with our results and are continuing with this plan.
As for the results of raising the bids for the three states,
it has only been a week and no change in results has truly been seen in those
states. We will continue to review over the next couple of weeks and hope to
see better results.
The goal for both of these changes is to decrease the amount
of money being spent on ads and increase the amount of money coming in. In
these two cases, the metric of conversions was reviewed to see what changes would
help raise sales on the eccomerce site. We based our campaign changes on when
and where our conversions were happening the most. The “when” was the time
frame was when we made the most sales, which was 8:00p.m. to 1:00p.m. The
“where” was the three states where we had the most customers checkout in, which
were Califorina, Texas and Georgia.
In the future months we plan to look at what cities in the
states of California, Texas, and Georgia are doing the best and increase the
bidding even more in those select cities.
Hi Abbie,
ReplyDeleteThis is a great example on how to effectively adjust and retarget your ads based on your customer data and when they were online the most. During my research for last week's discussion, I noticed that I did not see any Amazon ads in Google AdWords around 10pm, but when I entered in a product search query the next day around 2pm, the ads showed up. I wondered if large companies like Amazon were targeting their AdWords ads at certain times of the day just like your company did to maximize conversions and profit?