When it comes to promoting your business services or products on line, this is achievable for small businesses using Google AdWords. Small businesses can even tackle the big guns in their industry for an achievable budget on this platform. By setting up an AdWords account correctly, even a small budget can yield impressions and clicks on Google provided you use the right targeting options and account structure.
The main point to understand about Google AdWords is that it is a complicated platform and is difficult to master. Anyone who tells you it is a walk in the park is not telling you the truth, however when implemented correctly it can bring great results to your business objectives. Don’t get me wrong. Anyone can go in and set up a campaign. However, to maximise it and make it work for most businesses AdWords takes careful planning and practice to master which can take time. Time most business owners just don’t have, in addition to their already loaded work schedule. This is one of the reasons there are so many businesses who don’t think AdWords really works. However, with time, effort and patience your Google AdWords campaign can yield great returns and there are many businesses out there who have increased their profits dramatically and others who use it as their main advertising medium.
Keep It Simple
What a lot of business owners think about AdWords is that you need to have a huge account with hundreds of keywords in it or a huge budget. The fact is, you don’t need a huge campaign to be successful. If you have an AdWords account with too many words and not enough time to manage it you will most probably overreach and waste money. The best approach is to start your campaign small and over time as you become more comfortable with the platform gradually grow your account. Obviously the size of your account deciphers how much time is required to manage it.
Tracking Your AdWords Progress
One of the best pieces of advice we can give you is to track your AdWords account. By this we mean setting up a Google Analytics account for your website so you can get accurate data on your visits, users etc. You can then link your AdWords and Analytics account and monitor the return from your AdWords campaigns. Also set up AdWords Conversion Tracking which gives you data on your Campaigns, Ad Groups, Ads and Keywords. This tracking informs you of clicks and conversions from specific keywords and gives you a great insight into how each keyword or Ad Group is performing.
Keep your account manageable and don’t try to overreach. This can happen in a number of situations such as miss-targeting your ads. Be it network, location, device targeting or even down to the match types used for your keywords, incorrectly targeted ads will guarantee to lose you money. It is always best to plan your account and target your campaigns towards pre-qualified search users, by doing this you will get higher click-through rates and hence higher conversions.
Don’t Overpay – Set A Consistent AdWords Budget
Getting to the top of Google SERP page is not essential in AdWords campaigns, it probably won’t even be a reality when running your campaign on a small budget. So our advice is to take a step back and look at your budgeting realistically. Firstly, set a daily budget that will determine how much you will pay over the month. In AdWords you decide your monthly budget and divide it by the number of days you are running your campaign in the month, to get your daily budget. The budget must tie in with your businesses financials e.g. don’t spend more on clicks that will eat into your company profit unless you have a strategy in place to drive return on investment whether in the short or long term.
By careful planning around your budget. Set up your campaign clearly, this will reduce your time and effort around changing your budget. Also bear in mind if you keep changing your budget it means Google has to recalibrate how it shows your ads and hence can impact negatively on your account.
Google will suggest increasing your budget in order to increase your clicks. Before doing this, ensure that the clicks you are targeting will drive the right traffic for your business.
Bidding In AdWords For Small Businesses
Bidding is a very important factor in determining your ad positioning so it is essential that you calculate correctly how much you will be bidding based on your budget to ensure an ROI. Here is a nice formula to work off:
Revenue or Customer’s LTV * conversion rate = Max Bid
Once you have decided on your maximum bid, your quality score will determine your ad positioning. The higher your quality score, the more likely you are to rank towards the top of the page.
Now having made informed decisions on your targeted traffic, budget calculated and set correctly and bidding set, you are on the way to running a profitable AdWords account.
If you need help setting up or managing your pay per click campaigns, contact WebResults. We have dedicated PPC specialists with the expertise to get your AdWords campaign working for your business. Call us on 01-2071872 or email us at firstname.lastname@example.org