The beginning of a new year is good time to review your pay-per-click advertising campaigns and implement steps to improve their effectiveness. Here are five New Year’s pay-per-click resolutions that I recommend.
Resolution 1: Improve performance tracking
Attached is a spreadsheet called “Sample Monthly Report.” As a pay-per-click consultant, I use this to track overall monthly performance of client campaigns. Even though it is time-consuming to keep it up to date each month, interesting trends (such as costs-per-sale, seasonality trends, and click-through rates) begin to emerge after a few months. Monitoring on a weekly and daily basis is even better.
Resolution 2: Organize your account optimization schedule
Attached is a simple pay-per-click “Optimization Calendar” spreadsheet. It focuses on optimizing bids, keywords, ads and settings on each of your pay-per-click campaigns. It is based on a two-week cycle but you can adjust it to your schedule. Methodical Google, Yahoo! and Bing account optimizations will get you real results; sporadic knee-jerk optimizations won’t.
Resolution 3: Keep better track of your ad creative tests
The click-through rate affects the quality score of your ads. To improve your click-through-rate, use the attached “Creative Testing Schedule” sample spreadsheet to record your ad testing activity and results.
The idea behind the tracker is to realize that certain creative components work and others just don’t.
Resolution 4: Begin a record of major account updates
It is always a good idea to keep a record of major account changes. For example, if you removed a few under-performing keywords from your Yahoo! account on Friday but then your sales were low by Monday, you may want to go back and review the changes and, if needed, reverse them.
I found that writing down small changes is not necessary, but all major account updates should be recorded.
Resolution 5: Follow the data; use more tools
There are plenty of cool free (and paid) pay-per-click data tools. They are very useful for identifying ad winners, seasonality trends and a lot of other great stuff. Make smarter campaign management decisions in 2010 by using these, or similar, tools.