the art of transparency

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#thinkppc The Art of Transparency Better Reporting for Better Results z HOSTED BY:

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Reporting. It's the Yin and Yang of the PPC world. On the one hand, we love it. Running AdWords and other analytics reports can tell us how we're doing, whether we're succeeding or staying flat, and what we should focus on, in nine different ways. On the other hand, it's time-consuming, it doesn't actually produce results in and of itself, and it gives our client or boss nine different ways to say "do better." Luckily, there are plenty of ways to optimize your reporting to get better, faster results without going crazy. Join experts from Hanapin Marketing as they detail best practices and personal lessons learned for how to create dynamite, actionable reports. You'll get expert-level PPC tips like: Which of the most common reporting tactics actually hide performance in other ways? How can you take the end result (conversions) and work backwards to discover how to get more of them? What are the things that should always be measured, but almost never are? Reclaim your time (and maybe your sanity) -- learn how to increase efficiency from the pros!

TRANSCRIPT

Page 1: The Art of Transparency

#thinkppc

The Art of Transparency Better Reporting for Better Results

zHOSTED BY:

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#thinkppc

Presenters

• Kristine Hyman– Client Manager at Hanapin Marketing

– Has facilitated client relationships for 20 years

– @ankamom

• Hayley Cummings– Associate Director of Paid Search at Hanapin

Marketing

– Has been in paid search for 6 years

– @

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#thinkppc

Join the conversation

• Include the hashtag #thinkppc in your Twitter tweets.• Or use the webinar question box to send us questions.

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Live Poll Question #1

How long have you been in PPC?#thinkppc

A. Less than 1 yearB. 1-3 yearsC. 3-5 yearsD. 5+ years

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#thinkppc

Live Poll Question #2

How do you manage your account(s)?#thinkppc

a) I manage it myself.b) I’m part of a team that manages it.c) I outsource my account management.d) I’m rethinking how my account is managed.

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Know Your Audience

Are you an advertiser?

• Presenting to:o Marketing teamo CEO/Presidento Investors

Are you an agency?

• Presenting to:o PPC contacto Marketing contacto CEO/President

Before you begin to prepare the reporting ask yourself, “Who am I delivering this information to?” and “What information do they expect and need?”.

OR

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Know you ConsumerMake sure you understand the what drives the business. This means understanding the consumer’s purchase journey.

Stimulus

Active Evaluation

Moment of Purchase

Post-purchase Experience

How are new consumers entering the market?

Be there when they search!

Prioritize purchase keywords/ Optimize Landing Page.

How do we capitalize on a positive experience?

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Know you BusinessMake sure you understand the business model. This means understanding the and pathway to conversion, both on and off-line.

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Know you Business

• What are some of the steps that a consumer would take on the website prior to the final conversion?o EX: Free Sample Downloads, Form Fills, White

Paper Download, etc.

• Understand the conversion rates between the various steps.o If you are unable to optimize based on the last

step in the process, this will allow you to understand what is needed at the earlier stages to achieve the desired end result.

• Is it possible to track every step of the process online? o If not, how do we attribute conversions back to

their source?

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Know where you standPPC is fast moving. New competitors can enter the space and completely change the ability to maintain performance from previous months. Knowing where you stand and what is causing a shift in performance can help inform strategy.

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Know where you stand

• Take advantage of free tools onlineo EX: AdWords Auction Insights, SEM Rush

• Keep an eye on your CPCso If your cost per click has suddenly

increased or your position has fallen, there is a chance someone else has taken your spot

• Be prepared to apply this information to your weekly/monthly reporting to add contexto Explaining the ‘why’ is necessary when building insights

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Live Poll Question #3

How often do you monitor what your competitors are doing in PPC?#thinkppc

a) Weeklyb) Monthlyc) Quarterlyd) I am not currently doing this

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Show Me The Money!

In order to improve performance you need to understand the ‘big picture’. What metrics are needed in order to inform optimizations that will most effectively increase revenue?

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What is REALLY important?

•Education: CPL>CPE>CPS (lead>enrollment>start) Satellite Cable Provider: CPL>CPS>CPI

(lead>sale>install)

•What data range should you use for comparison? Year over Year Month over Month

• Find out how urgent the need is. Ask yourself or the client: “What is the goal based on? Breaking even or growing revenue?”

- What metric provides the most accurate measurement of this goal?

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#thinkppc

Now that you know where your going, how do you get there?

In order to tie performance back to a PPC keyword or campaign what set up is needed on the back end?

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#thinkppc

Understand Where The Data Is And How To Access It

• Are you able to accurately tie conversions to PPC accounts?

• Where do you pull data from?• Ex: Call Tracking/CRM tools

• Capabilities/limitations• How granular can you get?

• What access is needed?• Do you need access to a secondary reporting system?

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#thinkppc

Ask yourself, “So what?”

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Data is only as valuable as your ability to make changes based on it

Ask yourself 3 questions to build 1 takeaway:

1. What happened?2. Why do we believe it happened?3. What are we going to do about it?

Take-a-way: a key fact, point, or idea to be remembered

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Is this a part of your monthly reports?

Google = 73%

Yahoo!|Bing = 27%

Reporting should include highly valuable information that speaks to the success oropportunity within the account.

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Formatting for value = No Wasted Space

• Trend lines/bar graphs help demonstrate progress towards or away from goalso Layering data can help tell a better

story. Ex: Spend and Conversion, CTR and

Conversion Rate

• Pie Charts help expose areas of opportunityo Ex: Looking at which state drives the largest

number of leads can help inform a geo-targeting strategy

• Get to the point! Key Metrics should the first thing you reado These should be clear and easy to digest

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“Is this reporting useful?” “No, really……”

• Set quarterly reminders to revisit the reporting with your clients or team• Have a open discussion about how the data is being used?

o Is it being used at all?o Is only a portion being used?o Do you find that you need the information more or less frequently?o Is there something that you always need to pull manually that could

be included in the reporting?o Does the data help drive the PPC strategy for the week?

Reporting template should be a living, breathing document. The focus can change, so the reporting should too!

Where’s the ROAS?

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Need Help?

Would you like help with your PPC accounts and management?

I’m interested in:

o PPC Management: We handle the day-to-day management of your PPC account.

o Account Audit: We review your account for optimizations.o PPC Retainer: We handle only specific needs within your

account.o FREE Solutions Blueprint: We look at your account and

provide analysis and consultation (For accounts with $20K+ in adspend).

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Live Q&A Time!

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Have more questions?

Thank you for attending our webinar! #thinkppc

• Get a free Solutions Blueprint from Hanapin Marketing (for accounts greater than $20K/mo in adspend): http://www.hanapinmarketing.com/solutions-blueprint-sign-up

• Or Contact us Directly:• Webinar Feedback: [email protected]