Connect with us

MARKETING

Understanding the Google Ads Auction: Quality Score

Published

on

Understanding the Google Ads Auction: Quality Score

The author’s views are entirely his or her own (excluding the unlikely event of hypnosis) and may not always reflect the views of Moz.

Google holds over 85% of global desktop search traffic and gets billions of searches per day. Google’s advertising revenue through Google Ads was $209.49 billion in 2021, the majority of which came from search advertising. 

Google Ads is very competitive and Google uses an auction system to decide which ads to show. When a search query is made with a keyword that has multiple bidders, Google Ads runs an auction to determine which ads are eligible to be shown for that keyword and their ad positions. Only ads that meet minimum quality requirements will be shown for a relevant search term.

With so much competition, how can advertisers improve their performance on Google Ads? In this blog post, I cover the importance of Quality Score in the Google Ads auction. For more details about the Google Ads auction process and Ad Rank, read my last post on Understanding the Google Ads Auction & Why Ad Rank is important.

What is Quality Score? 

Quality Score is Google’s estimate of the quality of your ads, as compared to those of other advertisers. It helps ensure that the ads that are most relevant to the search term are shown at a higher position in the search results, so it is based on the relevance of your ad to the search term, the likelihood that your ad will receive clicks when shown, and the user experience offered by your landing page. Every keyword in your account is assigned a Quality Score from 1 (bad) to 10 (excellent) and can be viewed in the keyword table.

Advertisement

Quality Score should be used as a diagnostic tool to improve the quality of your ads, keywords, and landing pages to increase ad performance, and is measured by the performance of three components

1. Expected CTR

2. Ad relevance

3. Landing page experience

Each of these components is given a rating of “Above Average”, “Average”, or “Below Average”. This rating is determined by comparing your ads with other advertisers who ran ads for the same keyword in the past 90 days. 

Why is Quality Score important? 

The Quality Score of your ads and keywords is important for the success of your Google Ads PPC (pay per click) campaigns, as they can impact: 

Advertisement
  • Whether your ads are shown — Quality Score determines if your ads are eligible to be shown at all in the results for a search query.

  • Your ad position — Quality Score is one of the main factors that is used to determine your ad position or Ad Rank on the search results

  • Your Cost Per Click (CPC) — Your Quality Score determines the actual cost per click (CPC) you pay for your ads. Ads with a higher Quality Score pay a lower CPC, while lower quality ads are charged a higher CPC which may be closer to their max CPC. 

  • Whether ad extensions are shown — Ads have to have a high Quality Score for ad extensions to be shown with the ads. Ad extensions provide additional business information and can include call extensions, location extensions, and site links. Ad extensions help to increase the clickthrough rate (CTR). 

  • Your ad performance — Higher quality ads and landing pages tend to have a higher CTR, higher conversion rates, and lower bounce rates.

  • How often your ads are shown — More relevant ads will have higher ad impressions on the SERP. 

How to improve Quality Score and ad performance

To improve your ad performance, and compete successfully in Google Ads auctions, you should focus on optimizing the three components of Quality Score. 

1. Review the Quality Score of your search keywords

The first step is to review the Quality Score of your search keywords in the keywords table. For each keyword, you’ll see the Quality Score along with ratings for expected CTR, landing page relevance, and ad relevance. If you get a rating of “Average” or “Below Average” on any of these components, follow the tips listed below to better optimize. If you get a “-” in the Quality Score columns, it means there aren’t enough clicks and impressions for that keyword to determine the values. 

Figure: Example of Quality Score(historical) columns in Google Ads keyword table

Note that the Quality Score status columns need to be enabled in your keywords table to show the values. For tips on how to enable the Quality Score status columns, refer to my post on Understanding the Google Ads Auction & Why Ad Rank Is Important

2. Select relevant keywords

Selecting the right keywords for each search query is essential for success with Google Ads. You need to make sure to select relevant keywords that are specific to the ads and match the intent behind the search query. Use the Keyword Planner tool in Google Ads to pick specific keywords based on search volume and competition.

Figure: Example of Google Ads Keyword Planner

Don’t use generic keywords, as they’ll result in your ad being shown for unrelated searches and that will waste your ad budget. For example, if you sell natural dog food, use “natural dog food” as the keyword in your ad, not the generic keyword “dogs”. You can also use long-tail keywords to target specific search queries.

3. Create ads with specific keywords 

Creating ads with specific keywords helps to increase ad relevance and expected CTR. Use the keywords from the previous step in your ad text, especially the headlines, to show that the ad is directly relevant to the search query and fulfills search intent. You can use dynamic keyword insertion to update ads with keywords from successful ads in your ad group. 

Figure: The top 3 ads that were shown for a search for “natural dog food”. Note that all the ads use the primary keyword in ad headlines and descriptions.

You can also add more headlines and descriptions. Responsive search ads, now the default ad format in Google Ads, allows you to enter up to 15 headlines and four descriptions, and uses machine learning to combine them into multiple ad combinations. Create at least 10 headlines and multiple descriptions so that there are more ad combinations available to show, and make sure they’re unique. 

If your ads are targeting a local area, mention relevant locations in your ads. You can use location insertion in responsive search ads to dynamically enter a city, state or country. Locations are selected from your campaign location targeting.

When creating responsive search ads, utilize the ad strength indicator to gauge your progress, and aim for ad strength of “Good” or “ Excellent”. Ad strength measures the relevance, quality, and diversity of your ads.

Advertisement
1655314667 742 Understanding the Google Ads Auction Quality Score

4.  Organize keywords into relevant ad groups

A Google Ads PPC campaign will typically contain several ad groups. Ad groups help to organize your keywords and ads by a common theme, such as the products and services that are being promoted in the ads. 

All the keywords in an ad group should be specific to the ads in that ad group. To increase ad relevance and keep your targeting specific, don’t have more than 20 keywords in one group. If you have ads targeting different search terms, you should create different ad groups for each target.

Since Google Ads is pay-per-click bidding, you can set a CPC bid at the ad group level, which would apply to all the keywords in that ad group. You can also set CPC bids for individual keywords. The CPC bids help to determine your ad position and the amount you are willing to pay for a click on your ad. 

Figure: Example of the Ad Groups dashboard
Figure: Example of keywords in the ad group for dog food

As seen in the examples, to advertise dog food and dog beds, I would create an ad group for dog food and a separate ad group for dog beds. Each ad group would contain only the keywords and the ads that are specific to that service.  

5. Use negative keywords

To build a targeted Google Ads PPC campaign that’s focused on your target customers, you need to exclude search terms that aren’t relevant to your campaign. Negative keywords increase ad relevance by ensuring that your ads are triggered only for the keywords you want to target and shown for relevant search queries. They also decrease unwanted clicks on your ads, which helps to reduce wasted ad spend and increases ROI.

When building a negative keyword list, you want to exclude search terms for items that you do not sell. However, it’s important to choose negative keywords carefully and make sure that they don’t overlap with keywords you are targeting, since they’ll prevent your ads from being shown for those terms. 

After your PPC campaign runs for a while, there will be search terms that you aren’t targeting that you’ll want to add as negative keywords. 

To add negative keywords to your ad group or campaign, or to build a list of negative keywords from search terms: 

Advertisement
  1. Sign into your google ads account

  2. Click “keywords” on the left dashboard

  3. Click “search terms” on the left dashboard

  4. Check the box next to the search term you want to add as a negative keyword

  5. Click “add as negative keyword” on top

For example, if I want my ads to show only to customers searching for dog food and not for dog beds, I would add “dog beds” to my list of negative keywords so that my ads are not shown for those search queries. 

6. Improve CTR

The expected CTR is one of the factors that is used to calculate the Quality Score of your ads. To improve the clickthrough rate of your ads: 

  • Use responsive search ads (responsive search ads can achieve up to 10% more clicks and conversions). 

  • Your ads should highlight a unique or compelling benefit of your product or service (extended return policy, one year warranty), which include seasonal and time-sensitive offers around holidays and special events. Always make sure the offer advertised is reflected on the ad’s landing page. 

  • Your ads should have strong CTAs (Buy now, Call now, Order now, Get a Quote). Ensure the CTAs and ads are consistent with the landing page as well.

If your ad meets the quality thresholds mentioned above, up to four ad extensions (links with extra business information) can be shown, so make use of these to improve CTR even more. 

Figure: Example of an ad from Google. Note the compelling offer, list of benefits and use of ad extensions for supporting information.

7.   Improve the landing page experience 

The landing page linked to the ad must be relevant and consistent with the ad, matching any offers. It should have high quality content, related images and a strong CTA. In addition, your website should be mobile-friendly, fast-loading, and easy to navigate to provide a great user experience. 

So don’t send all ad clicks to a generic home page. For example, if your ad is selling dog food, your landing page should be specific to dog food. If you also sell dog beds, create a different landing page with ads and keywords that are specific to dog beds. 

Always be sure the landing page follows optimization best practices, using an H1 header with a clear page title and the the main keywords used in the ad. Place the primary keyword towards the beginning of the title. 

Your business contact information should be easy to find on the landing page to help build trust with your customers and let them know how they can reach you. Also include trust symbols like industry mentions and awards to further build trust.

Advertisement
Figure: Example of a great landing page for dog food

The landing page shown for dog food above is a great example of a Google Ads landing page. I searched for “natural dog food” and clicked through from the Google Ad shown. The landing page is specific and relevant and continues the conversation from the ad. It has quality content, clear images, and a strong call to action which is visible above the fold. 

It’s filled with reasons why I should choose their dog food: “fresh, whole ingredients”, “powered by science”, “tailored to their needs”, “change you can see”, etc. If a consumer is still unsure, they add plenty of trust symbols at the end of the page to convince them. Their landing page speaks to their target customer, dog owners,  and will be effective in converting them. 

Conclusion

Google Ads is very competitive and Quality Score is an important factor in the Google Ads Auction. It is used to determine which ads are shown on the Google search results, how often the ads are shown, and what the ad ranking will be. It also determines how much you pay for a click on your ads. 

By improving the three components of Quality Score, you can improve your ad quality and performance in Google Ads. You can also decrease your CPC costs, increase your ad position, compete effectively with other advertisers, and better reach your target customers on Google.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

MARKETING

The power of program management in martech

Published

on

The power of program management in martech

As a supporter of the program perspective for initiatives, I recognize the value of managing related projects, products and activities as a unified entity. 

While one-off projects have their place, they often involve numerous moving parts and in my experience, using a project-based approach can lead to crucial elements being overlooked. This is particularly true when building a martech stack or developing content, for example, where a program-based approach can ensure that all aspects are considered and properly integrated. 

For many CMOs and marketing organizations, programs are becoming powerful tools for aligning diverse initiatives and driving strategic objectives. Let’s explore the essential role of programs in product management, project management and marketing operations, bridging technical details with business priorities. 

Programs in product management

Product management is a fascinating domain where programs operate as a strategic framework, coordinating related products or product lines to meet specific business objectives.

Advertisement

Product managers are responsible for defining a product or product line’s strategy, roadmap and features. They work closely with program managers, who ensure alignment with market demands, customer needs and the company’s overall vision by managing offerings at a program level. 

Program managers optimize the product portfolio, make strategic decisions about resource allocation and ensure that each product contributes to the program’s goals. One key aspect of program management in product management is identifying synergies between products. 

Program managers can drive innovation and efficiency across the portfolio by leveraging shared technologies, customer insights, or market trends. This approach enables organizations to respond quickly to changing market conditions, seize emerging opportunities and maintain a competitive advantage. Product managers, in turn, use these insights to shape the direction of individual products.

Moreover, programs in product management facilitate cross-functional collaboration and knowledge sharing. Program managers foster a holistic understanding of customer needs and market dynamics by bringing together teams from various departments, such as engineering, marketing and sales.

Product managers also play a crucial role in this collaborative approach, ensuring that all stakeholders work towards common goals, ultimately leading to more successful product launches and enhanced customer satisfaction.

Dig deeper: Understanding different product roles in marketing technology acquisition

Advertisement

Programs in project management

In project management, programs provide a structured approach for managing related projects as a unified entity, supporting broader strategic objectives. Project managers are responsible for planning, executing and closing individual projects within a program. They focus on specific deliverables, timelines and budgets. 

On the other hand, program managers oversee these projects’ coordination, dependencies and outcomes, ensuring they collectively deliver the desired benefits and align with the organization’s strategic goals.

A typical example of a program in project management is a martech stack optimization initiative. Such a program may involve integrating marketing technology tools and platforms, implementing customer data management systems and training employees on the updated technologies. Project managers would be responsible for the day-to-day management of each project. 

In contrast, the program manager ensures a cohesive approach, minimizes disruptions and realizes the full potential of the martech investments to improve marketing efficiency, personalization and ROI.

The benefits of program management in project management are numerous. Program managers help organizations prioritize initiatives that deliver the greatest value by aligning projects with strategic objectives. They also identify and mitigate risks that span multiple projects, ensuring that issues in one area don’t derail the entire program. Project managers, in turn, benefit from this oversight and guidance, as they can focus on successfully executing their projects.

Additionally, program management enables efficient resource allocation, as skills and expertise can be shared across projects, reducing duplication of effort and maximizing value. Project managers can leverage these resources and collaborate with other project teams to achieve their objectives more effectively.

Advertisement

Dig deeper: Combining martech projects: 5 questions to ask

Programs in marketing operations

In marketing operations, programs play a vital role in integrating and managing various marketing activities to achieve overarching goals. Marketing programs encompass multiple initiatives, such as advertising, content marketing, social media and event planning. Organizations ensure consistent messaging, strategic alignment, and measurable results by managing these activities as a cohesive program.

In marketing operations, various roles, such as MOps managers, campaign managers, content managers, digital marketing managers and analytics managers, collaborate to develop and execute comprehensive marketing plans that support the organization’s business objectives. 

These professionals work closely with cross-functional teams, including creative, analytics and sales, to ensure that all marketing efforts are coordinated and optimized for maximum impact. This involves setting clear goals, defining key performance indicators (KPIs) and continuously monitoring and adjusting strategies based on data-driven insights.

One of the primary benefits of a programmatic approach in marketing operations is maintaining a consistent brand voice and message across all channels. By establishing guidelines and standards for content creation, visual design and customer interactions, marketing teams ensure that the brand’s identity remains cohesive and recognizable. This consistency builds customer trust, reinforces brand loyalty and drives business growth.

Programs in marketing operations enable organizations to take a holistic approach to customer engagement. By analyzing customer data and feedback across various touchpoints, marketing professionals can identify opportunities for improvement and develop targeted strategies to enhance the customer experience. This customer-centric approach leads to increased satisfaction, higher retention rates and more effective marketing investments.

Advertisement

Dig deeper: Mastering the art of goal setting in marketing operations

Embracing the power of programs for long-term success

We’ve explored how programs enable marketing organizations to drive strategic success and create lasting impact by aligning diverse initiatives across product management, project management and marketing operations. 

  • Product management programs facilitate cross-functional collaboration and ensure alignment with market demands. 
  • In project management, they provide a structured approach for managing related projects and mitigating risks. 
  • In marketing operations, programs enable consistent messaging and a customer-centric approach to engagement.

Program managers play a vital role in maintaining strategic alignment, continuously assessing progress and adapting to changes in the business environment. Keeping programs aligned with long-term objectives maximizes ROI and drives sustainable growth.

Organizations that invest in developing strong program management capabilities will be better positioned to optimize resources, foster innovation and achieve their long-term goals.



As a CMO or marketing leader, it is important to recognize the strategic value of programs and champion their adoption across your organization. By aligning efforts across various domains, you can unlock the full potential of your initiatives and drive meaningful results. Try it, you’ll like it.

Fuel for your marketing strategy.

Advertisement

Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

MARKETING

2 Ways to Take Back the Power in Your Business: Part 2

Published

on

2 Ways to Take Back the Power in Your Business: Part 2

2 Ways to Take Back the Power in Your Business

Before we dive into the second way to assume power in your business, let’s revisit Part 1. 

Who informs your marketing strategy? 

YOU, with your carefully curated strategy informed by data and deep knowledge of your brand and audience? Or any of the 3 Cs below? 

  • Competitors: Their advertising and digital presence and seemingly never-ending budgets consume the landscape.
  • Colleagues: Their tried-and-true proven tactics or lessons learned.
  • Customers: Their calls, requests, and ideas. 

Considering any of the above is not bad, in fact, it can be very wise! However, listening quickly becomes devastating if it lends to their running our business or marketing department. 

It’s time we move from defense to offense, sitting in the driver’s seat rather than allowing any of the 3 Cs to control. 

It is one thing to learn from and entirely another to be controlled by. 

In Part 1, we explored how knowing what we want is critical to regaining power.

Advertisement

1) Knowing what you want protects the bottom line.

2) Knowing what you want protects you from the 3 Cs. 

3) Knowing what you want protects you from running on auto-pilot.

You can read Part 1 here; in the meantime, let’s dive in! 

How to Regain Control of Your Business: Knowing Who You Are

Vertical alignment is a favorite concept of mine, coined over the last two years throughout my personal journey of knowing self. 

Consider the diagram below.

Advertisement
1713005765 267 2 Ways to Take Back the Power in Your Business1713005765 267 2 Ways to Take Back the Power in Your Business

Vertical alignment is the state of internal being centered with who you are at your core. 

Horizontal alignment is the state of external doing engaged with the world around you.

In a state of vertical alignment, your business operates from its core center, predicated on its mission, values, and brand. It is authentic and confident and cuts through the noise because it is entirely unique from every competitor in the market. 

From this vertical alignment, your business is positioned for horizontal alignment to fulfill the integrity of its intended services, instituted processes, and promised results. 

A strong brand is not only differentiated in the market by its vertical alignment but delivers consistently and reliably in terms of its products, offerings, and services and also in terms of the customer experience by its horizontal alignment. 

Let’s examine what knowing who you are looks like in application, as well as some habits to implement with your team to strengthen vertical alignment. 

1) Knowing who You are Protects You from Horizontal Voices. 

The strength of “Who We Are” predicates the ability to maintain vertical alignment when something threatens your stability. When a colleague proposes a tactic that is not aligned with your values. When the customer comes calling with ideas that will knock you off course as bandwidth is limited or the budget is tight. 

Advertisement

I was on a call with a gal from my Mastermind when I mentioned a retreat I am excited to launch in the coming months. 

I shared that I was considering its positioning, given its curriculum is rooted in emotional intelligence (EQ) to inform personal brand development. The retreat serves C-Suite, but as EQ is not a common conversation among this audience, I was considering the best positioning. 

1713005765 14 2 Ways to Take Back the Power in Your Business1713005765 14 2 Ways to Take Back the Power in Your Business

She advised, “Sell them solely on the business aspects, and then sneak attack with the EQ when they’re at the retreat!” 

At first blush, it sounds reasonable. After all, there’s a reason why the phrase, “Sell the people what they want, give them what they need,” is popular.

Horizontal advice and counsel can produce a wealth of knowledge. However, we must always approach the horizontal landscape – the external – powered by vertical alignment – centered internally with the core of who we are. 

Upon considering my values of who I am and the vision of what I want for this event, I realized the lack of transparency is not in alignment with my values nor setting the right expectations for the experience.

Sure, maybe I would get more sales; however, my bottom line — what I want — is not just sales. I want transformation on an emotional level. I want C-Suite execs to leave powered from a place of emotional intelligence to decrease decisions made out of alignment with who they are or executing tactics rooted in guilt, not vision. 

Advertisement

Ultimately, one of my core values is authenticity, and I must make business decisions accordingly. 

2) Knowing who You are Protects You from Reactivity.

Operating from vertical alignment maintains focus on the bottom line and the strategy to achieve it. From this position, you are protected from reacting to the horizontal pressures of the 3 Cs: Competitors, Colleagues, and Customers. 

This does not mean you do not adjust tactics or learn. 

1713005766 526 2 Ways to Take Back the Power in Your Business1713005766 526 2 Ways to Take Back the Power in Your Business

However, your approach to adjustments is proactive direction, not reactive deviations. To do this, consider the following questions:

First: How does their (any one of the 3 Cs) tactic measure against my proven track record of success?

If your colleague promotes adding newsletters to your strategy, lean in and ask, “Why?” 

  • What are their outcomes? 
  • What metrics are they tracking for success? 
  • What is their bottom line against yours? 
  • How do newsletters fit into their strategy and stage(s) of the customer journey? 

Always consider your historical track record of success first and foremost. 

Have you tried newsletters in the past? Is their audience different from yours? Why are newsletters good for them when they did not prove profitable for you? 

Advertisement

Operate with your head up and your eyes open. 

Maintain focus on your bottom line and ask questions. Revisit your data, and don’t just take their word for it. 

2. Am I allocating time in my schedule?

I had coffee with the former CEO of Jiffy Lube, who built the empire that it is today. 

He could not emphasize more how critical it is to allocate time for thinking. Just being — not doing — and thinking about your business or department. 

1713005766 806 2 Ways to Take Back the Power in Your Business1713005766 806 2 Ways to Take Back the Power in Your Business

Especially for senior leaders or business owners, but even still for junior staff. 

The time and space to be fosters creative thinking, new ideas, and energy. Some of my best campaigns are conjured on a walk or in the shower. 

Advertisement

Kasim Aslam, founder of the world’s #1 Google Ads agency and a dear friend of mine, is a machine when it comes to hacks and habits. He encouraged me to take an audit of my calendar over the last 30 days to assess how I spend time. 

“Create three buckets,” he said. “Organize them by the following:

  • Tasks that Generate Revenue
  • Tasks that Cost Me Money
  • Tasks that Didn’t Earn Anything”

He and I chatted after I completed this exercise, and I added one to the list: Tasks that are Life-Giving. 

Friends — if we are running empty, exhausted, or emotionally depleted, our creative and strategic wherewithal will be significantly diminished. We are holistic creatures and, therefore, must nurture our mind, body, soul, and spirit to maintain optimum capacity for impact. 

1713005766 700 2 Ways to Take Back the Power in Your Business1713005766 700 2 Ways to Take Back the Power in Your Business

I shared this hack with a friend of mine. Not only did she identify meetings that were costing her money and thus needed to be eliminated, but she also identified that particular meetings could actually turn revenue-generating! She spent a good amount of time each month facilitating introductions; now, she is adding Strategic Partnerships to her suite of services. 


ACTION: Analyze your calendar’s last 30-60 days against the list above. 

Include what is life-giving! 

How are you spending your time? What is the data showing you? Are you on the path to achieving what you want and living in alignment with who you want to be?

Advertisement

Share with your team or business partner for the purpose of accountability, and implement practical changes accordingly. 


Finally, remember: If you will not protect your time, no one else will. 

3) Knowing who You are Protects You from Lack. 

“What are you proud of?” someone asked me last year. 

“Nothing!” I reply too quickly. “I know I’m not living up to my potential or operating in the full capacity I could be.” 

1713005767 148 2 Ways to Take Back the Power in Your Business1713005767 148 2 Ways to Take Back the Power in Your Business

They looked at me in shock. “You need to read The Gap And The Gain.”

I silently rolled my eyes.

I already knew the premise of the book, or I thought I did. I mused: My vision is so big, and I have so much to accomplish. The thought of solely focusing on “my wins” sounded like an excuse to abdicate personal responsibility. 

Advertisement

But I acquiesced. 

The premise of this book is to measure one’s self from where they started and the success from that place to where they are today — the gains — rather than from where they hope to get and the seemingly never-ending distance — the gap.

Ultimately, Dr. Benjamin Hardy and Dan Sullivan encourage changing perspectives to assign success, considering the starting point rather than the destination.

The book opens with the following story:

Dan Jensen was an Olympic speed skater, notably the fastest in the world. But in each game spanning a decade, Jansen could not catch a break. “Flukes” — even tragedy with the death of his sister in the early morning of the 1988 Olympics — continued to disrupt the prediction of him being favored as the winner. 

1713005767 257 2 Ways to Take Back the Power in Your Business1713005767 257 2 Ways to Take Back the Power in Your Business

The 1994 Olympics were the last of his career. He had one more shot.

Preceding his last Olympics in 1994, Jansen adjusted his mindset. He focused on every single person who invested in him, leading to this moment. He considered just how very lucky he was to even participate in the first place. He thought about his love for the sport itself, all of which led to an overwhelming realization of just how much he had gained throughout his life.

Advertisement

He raced the 1994 Olympic games differently, as his mindset powering every stride was one of confidence and gratitude — predicated on the gains rather than the gap in his life. 

This race secured him his first and only gold medal and broke a world record, simultaneously proving one of the most emotional wins in Olympic history. 

Friends, knowing who we are on the personal and professional level, can protect us from those voices of shame or guilt that creep in. 


PERSONAL ACTION: Create two columns. On one side, create a list of where you were when you started your business or your position at your company. Include skills and networks and even feelings about where you were in life. On the other side, outline where you are today. 

Look at how far you’ve come. 

COMPANY ACTION: Implement a quarterly meeting to review the past three months. Where did you start? Where are you now? 

Advertisement

Celebrate the gain!

Only from this place of gain mindset, can you create goals for the next quarter predicated on where you are today.


Ultimately, my hope for you is that you deliver exceptional and memorable experiences laced with empathy toward the customer (horizontally aligned) yet powered by the authenticity of the brand (vertically aligned). 

Aligning vertically maintains our focus on the bottom line and powers horizontal fulfillment. 

Content Marketing CertificationContent Marketing Certification

Want to get certified in Content Marketing?

Leverage the tools and channels to predictably and profitably drive awareness, leads, sales, and referrals—EVERYTHING you need to know to become a true master of digital marketing.​ Click Here

Granted, there will be strategic times and seasons for adjustment; however, these changes are to be made on the heels of consulting who we are as a brand — not in reaction to the horizontal landscape of what is the latest and greatest in the industry. 

Advertisement

In Conclusion…

Taking back control of your business and marketing strategies requires a conscious effort to resist external pressures and realign with what you want and who you are.

Final thoughts as we wrap up: 

First, identify the root issue(s).

Consider which of the 3 Cs holds the most power: be it competition, colleagues, or customers.

Second, align vertically.

Vertical alignment facilitates individuality in the market and ensures you — and I — stand out and shine while serving our customers well. 

Advertisement

Third, keep the bottom line in view.

Implement a routine that keeps you and your team focused on what matters most, and then create the cascading strategy necessary to accomplish it. 

Fourth, maintain your mindsets.

Who You Are includes values for the internal culture. Guide your team in acknowledging the progress made along the way and embracing the gains to operate from a position of strength and confidence.

Fifth, maintain humility.

I cannot emphasize enough the importance of humility and being open to what others are doing. However, horizontal alignment must come after vertical alignment. Otherwise, we will be at the mercy of the whims and fads of everyone around us. Humility allows us to be open to external inputs and vertically aligned at the same time.

Advertisement

Buckle up, friends! It’s time to take back the wheel and drive our businesses forward. 

The power lies with you and me.


Disruptive Design Raising the Bar of Content Marketing with Graphic

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

MARKETING

Roundel Media Studio: What to Expect From Target’s New Self-Service Platform

Published

on

Roundel-media-studio-featured-image

Commerce


By Tinuiti Team

Roundel™ Media Studio (RMS) has arrived, revolutionizing Target’s advertising game. This self-service platform offers seamless activation, management, and analysis of Target Product Ads, with more solutions on the horizon.

Powered by first-party data from both in-store and online shoppers, RMS provides new audience insights. Coupled with Target’s new loyalty program, Circle 360, advertisers gain precision targeting like never before.

Advertisement

But Target isn’t stopping there. With the rollout of a paid membership program on April 7th, bundling Target Circle, the Circle Card, and Shipt delivery, Target is elevating its media and membership offerings to rival the likes of Walmart and Amazon.

Curious to learn more? We sat down with our experts at Tinuiti to dive deeper into the potential implications of this platform for brands and advertisers alike.

What is Roundel Media Studio?

Roundel™ Media Studio is an integrated platform that consolidates various solutions and tools offered by Roundel™. At its core, it kicks off with our sponsored product ads, known as Target Product Ads by Roundel™.

example of target roundel ad
Example of Target Product Ads by Roundel™
Image Source: Target.com

This comprehensive platform grants access to the complete range of Target Product Ad placements, featuring tailored slots like “More to Consider” and “Frequently Bought Together” to enhance relevance and personalization.

Moreover, Roundel™ Media Studio operates without any DSP or access fees for Target Product Ads, ensuring that your media budget is optimized to deliver greater efficiency, more clicks, and ultimately, increased sales.

“One of the larger benefits of the transition is that advertisers have an opportunity to capitalize on the additional dollars saved by switching to RMS. Without the 20% fee, brands can re-invest those funds to scale campaigns or optimize budgets, all without having to allocate more funds which drives better results. Roundel™ is putting more control in the hands of advertisers by introducing this new self-service platform.”

– Averie Lynch, Specialist, Strategic Services at Tinuiti

To summarize, key benefits of using RMS include:

Advertisement
  • No Access or DSP Fees
  • All Target Product Ads Inventory
  • 1st Price Auction with Existing Floor Prices
  • Closed Loop Sales & Attribution
  • Billing via Criteo Insertion Order
  • Access Using Partners Online

How to access Roundel Media Studio 

According to Target, there’s 3 steps to access Roundel™ Media Studio:

Step 1. Check that you have a Partners Online (POL) account for access. Don’t have one? Reach out to your POL admin to get set up with an account (reach out if you need help locating your organization’s admin). 

Step 2. Once you have gotten access to POL, reach out to your Roundel representative who will grant you access to the platform. 

Step 3. Users can access Roundel™ Media Studio in 2 ways:

Roundel Media Studio Best Practices

Target offers a variety of tips on how to best leverage their latest offering to drive performance. 

Let’s take a look at the latest best practices for strategies such as maximizing efficiency or driving sales revenue. 

Recommended bidding tactics for maximizing efficiency:

Advertisement
  • Set your line-item optimizer to Revenue for the highest return on ad spend (ROAS) or to Conversions for the lowest Cost per Order (CPO).
  • Since the Revenue and Conversions optimizers modulate the CPC you enter to maximize performance, it is useful to set a CPC cap to make sure that your bid will not exceed the maximum amount you wish to pay. The CPC cap should always remain at least 30% above the bid you enter to allow the engine to optimize effectively.
  • Set your bids competitively to balance scale and performance (ROAS or CPO) targets.
  • Optimize bids with respect to your CPO targets: lower CPCs slightly to increase efficiency, or raise them to increase scale

Recommended bidding tactics for maximizing sales revenue:

  • Set the line-item optimizer to Revenue.
  • Set bids to maximize scale and competitiveness while staying above KPI thresholds. Since the Revenue optimizer modulates the CPC you enter to maximize performance, it is useful to set a CPC cap to make sure that your bid will not exceed the maximum amount you wish to pay.
  • Adjust your bids progressively and preferably at the product level: filter the top products by Spend and then slightly reduce any bids that have a ROAS below your threshold.
  • In general, slightly lower CPC to increase efficiency or raise CPC to increase win rates and therefore increase sell-through.

Takeaways & Next Steps

This is just the start for RMS. In the future, Tinuiti will continue its partnership with Roundel to refine features and introduce additional ad types and functionalities.

When exploring any new advertising opportunity, the best results are typically realized when partnering with a performance marketing agency that understands the unique landscape. Our team boasts years of hands-on experience advertising in new and established marketplaces, including Amazon, Walmart, and Target. Working directly with Roundel, we ensure our clients’ ads harness the full functionality and features Target has to offer, with results-oriented scalability baked in.

Ready to learn more about how we can help your brand? Reach out to us today!

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending

Follow by Email
RSS