Performance marketing involves paying for advertising based on measurable outcomes like clicks, conversions, or impressions. It focuses on driving traffic, increasing conversions, or raising brand awareness. Successful campaigns start by defining goals, choosing appropriate platforms like Google, Facebook, or Instagram, planning the budget and targets, then monitoring and optimizing performance.
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Lecture 10 - Performance MKT
Performance marketing involves paying for advertising based on measurable outcomes like clicks, conversions, or impressions. It focuses on driving traffic, increasing conversions, or raising brand awareness. Successful campaigns start by defining goals, choosing appropriate platforms like Google, Facebook, or Instagram, planning the budget and targets, then monitoring and optimizing performance.
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Performance Marketing
In a nutshell:) Who am I Alexandra
Performance Media Manager
@Fashion Days
With over 4 years experience
in pay-per-click marketing What is Performance Marketing It’s basically marketing based on performance Briefly, Performance marketing is the smartest online advertising investment, in which the purchaser only pays when there are measurable results. Examples of measurable results Objective: Drive traffic to the website
You pay by click
Objective: increase the number of conversions (transactions)
You pay by transaction
Objective: awareness (reach)
You pay by impression
Steps to achieving a successful campaign 1. Define the goal - the outcome (a lead, a sale, a click) will narrow the field of effective performance marketing channels 2. Choose the right platform (Facebook, Google, Instagram, Pinterest, Snapchat etc.) 3. Plan the media mix - budget, KPIs, targeting, creatives 4. Monitor the campaigns - the budget should be spent accordingly & the KPIs should be achieved as planned 5. Optimize - reach the objective under the estimated budget, pay more for profitable sources and cut off the unprofitable ones There are two dominating forces in the Performance media world: Google Ads and Facebook/Instagram Ads. Google search ads will help you connect with users who are searching for products or services like yours. Display ads and Facebook’s ads will allow you to create demand and introduce your services to customers who may not even be looking or know you exist. Performance Media through Google ads Search ads Every second, there are 2.3 million searches performed on Google, and the majority of search results pages include Google ads. It can be an extremely effective way of driving relevant traffic to the website exactly when people are searching for the types of products or services your business offers. Example of a Google search engine results page (SERP). Why Google Ads Appear Two main triggers: ● User intent (searched queries/searches) ● Google ads algorithm (auction) The auction is focused around keywords – advertisers choose a list of keywords to target that are relevant to their business, the words that people are most likely to use when searching for their product. Then they bid on these keywords, based on how much they are willing to pay for a Google user to click on their ad. This bid, combined with a Quality Score assigned by Google based on the quality of the proposed ad, determines which Google ads appear on the SERP. When users click the ads, the advertiser pays a certain cost (the cost per click, or CPC), which is calculated according to the below formula: To “win” the auctions and see your Google ads appear for relevant keywords, you’ll need to optimize the Quality Score and bid amount. The higher your Quality Score, in conjunction with your bid amount, the better your ad positioning. What can affect your Quality Score:
● The relevance of your Google ad to the search query
● The relevance of the Google keyword to your ad group ● The relevance of your ad to its landing page ● The historical click-through rate (CTR) of the ad and its ad group ● Overall historical account performance Shopping ads Google Shopping Ads are product listing ads (PLAs) that are featured across Google’s Search and Shopping results The difference between Shopping ads and classic Search campaigns 1. They feature products at the top of Google’s search engine results page, even on top of organic listings for some keywords. 2. They feature visuals of the product. 3. They can include additional information that boosts engagement, such as prices, reviews, and special promotions.*
*not all these features are available in Romania at this time
4. Unlike keyword-based Search ads, Shopping ads focus on biddings at a product level and are based on product feeds that are uploaded in the Google Merchant Center. Display ads Appearing on the Google Display Network Display Network is an extensive collection of outside, third- party websites that have partnered with Google and agreed to serve Google ads. Google ads on the Display Network can be text, image, video, or rich media format ads, and can be targeted differently. Ways of targeting your audiences: ● Based on placements (website) ● Based on affinity & custom affinity - what your target audience is passionate about and their habits/interests ● Based on custom intent & in-market & life events - what they’re actively searching for ● Remarketing - how they’ve interacted with your business ● Similar audiences - new users with similar interests YouTube ads You can reach potential clients based on what they watched or searched on YouTube. Most importantly, you pay when they show interest
● User played for 15/30 seconds or longer (or ended)
● Clicked on the video (or CTA, or banner) ● Because ads can be skipped after five seconds, you’ll rarely waste money on completely uninterested audiences Ad types and where they’re displayed Trueview ads Trueview ads TrueView for shopping
Connect viewers directly to your
products
Provide information that brings
customers closer to making a purchase. Requirements:
● have a Google Merchant Center
● connect it with your Google ads account Non-skippable ads There are two types of non-skippable YouTube ads:
● Pre-roll ads which appear before a video plays
● Mid-roll ads which appear at the midpoint of 10 minute- or-longer videos Bumper ads Bumper ads are the more tolerable version of non- skippable ads, lasting 6 seconds at most.
Because they’re short, bumper ads are ideal for targeting
mobile users. Performance Media through Facebook ads How to rock your first campaigns ● Define your objective ● Imagine how your customer looks like. Create a persona that would be interested in your product ● Think about at least 2 eye-catching banners & copy variations ● Implement, monitor & optimize the campaign Why choose Facebook ads? Want to target vegan parents that live in the suburbs? Want to reach individuals that are connected with your Page? Want to reach users who have visited your website? You can do them all. The targeting and retargeting options available through Facebook ads are exceptional. Moreover, Facebook Ads are connected with Instagram Ads.
So you can run a single campaign that will display the same ads on both platforms.