By
Alexis Siemon
If you're like most
business owners just starting out with a brand-new website, you want to know the
fastest and cheapest way to drive targeted traffic to it. Worried ETR (Early to Rise) readers
frequently write to us with this concern. "I need traffic and sales now!" they
say. "Help!"
One method I've
recommended in the past is to launch a PPC (pay-per-click) search campaign on Google
AdWords. But you can also use Google to test online media buys
on other sites with banner ads and other creative formats. There are a couple of
reasons why banner testing through Google is a great way to generate fast and
cheap traffic and sales.
Bypassing
Standard Rate Card Fees
At a recent
in-house marketing meeting, ETR's media buyer mentioned a new banner campaign
she was preparing to launch on a well-known financial website.
Usually, a website
will charge you a fee for the number of "impressions" your banner serves - how
many times your banner will be displayed to visitors to that site. This fee is
expressed as CPM (cost per thousand impressions), and is listed on the "rate
card" page of the website, along with the prices of all the other advertising
options the site offers. Kind of like the sticker price on a vehicle at the
dealership, experienced media buyers know that the rate card price is a number
to begin negotiating from.
When you're setting
up your banner on a site, they will either lock you in to X amount of
impressions or will keep your banner running for Y days. Sometimes, this is a
perfectly reasonable agreement. But it can be too expensive to be worthwhile for
a test. (And, as you know, testing is critical when it comes to your marketing
efforts.)
In this case, our
media buyer lamented that the financial website's ad representative refused to
go lower than the rate card price of $18 CPM for her banner test. I recognized
the website's name and knew that they were part of Google's Content Network -
the network of sites that display Google ads. So I suggested we use Google
AdWords to serve our banners on the site... for a fraction of their rate card
price.
Not only can you
get banner space much cheaper through Google AdWords, you can also get your
campaign up and running much faster and with much more flexibility than you can
when dealing directly with the publisher. Plus, you aren't locked in to a set
number of impressions or amount of time. If the campaign isn't performing well,
you can stop it whenever you want. (More on that later.)
This leads me to
the next reason for launching a banner test campaign through Google
AdWords...
Expanding a Small Niche
Let's say you're a
believer in the ability of a PPC search campaign on Google AdWords to drive
traffic and sales to your website. But maybe your business is in a very
specialized niche that not many people know about. The keyword research you did for your product
resulted in few keywords with even fewer searches. You know there are people
interested in what you're selling, but they might not know how to search for
you. How do you quickly reach this niche market?
With a fast and
cheap banner test on Google's Content Network, of course. You can target your
campaign by demographic, by site, or by category to find the perfect space for
your banner and launch your test on your terms with your desired budget. Here
are the steps to take:
- Open a
Google AdWords account. Couldn't be easier. Type "Google AdWords" into
the Google search box, and follow directions.
- Create a
Placement Targeted campaign. This is different from a Keyword Targeted
campaign, but many of the same settings apply that let you target your banner
ads in more specific ways than you might be able to do with a traditional banner
buy. For example, using geo-targeting to specify what areas of the country or
world will see your ad. You will also have AdGroups, like you do with a Keyword
Targeted campaign, and you can use your AdGroups to organize your campaign by
product, banner type, or any other way you choose.
- Research
placements. This is the where the fun starts. Once you create your
campaign and AdGroups, you can access Google's easy-to-use interface to research
and pick the websites on which you want to run your ad.
There are several
ways to search for sites. You can browse by category. You can search by topic or
keyword. If you know the particular sites where you'd like to advertise, you can
simply enter their URLs - and then Google will even list several other sites
similar to the ones you've chosen. Lastly, you can select the demographic that
you'd like to target, choosing by age, gender, household income, ethnicity, and
whether there are children in the home.
After you enter
your criteria, Google will list all of the matching sites, along with the ad
formats they accept (text ad, banner ad, video ad), and the number of
impressions each site receives per day. (Very helpful if you are looking for
volume.)
- Bidding
and budgeting. Next, you'll be able to bid on the CPM that you'd like
to pay. And when you realize how low you can go, you're going to start to get
giddy. Keep in mind, however, that you are competing with other advertisers for
that banner ad space - and the higher your CPM bid, the more impressions you'll
likely receive. It'll take some tweaking to find a balance between the amount
you want to spend and the volume of impressions you need in order to run a good
test.
I've found that you
can run a good test with anywhere between a $1-$3 CPM - which is a heck of a lot
better than a rate card price of $18! After you set your bid, you'll want to
determine a daily budget, giving yourself enough wiggle room to get the number
of impressions you need on a daily basis.
- Uploading
your banners. Determine the banner sizes your sites accept and upload
them to your campaign. Each banner should link to a landing page you've set up,
complete with sales copy for the product you're selling. You can assign a
different landing page URL for each banner, or you can point them all to the
same one if you like. There is a short review process for each new banner you
upload to your campaign, but once they are approved you'll be up and
running!
The flexibility you
get by running a banner campaign through Google AdWords really kicks in when
your campaign is live and you can monitor your results. If you see that you're
not receiving enough impressions, you can immediately adjust your bidding. If
you are getting great traffic and conversion rates, you can immediately increase
your budget. If you see that a particular site isn't performing, you can remove
it from your campaign in seconds. The same goes for your banner headline,
graphics, and layout. Changes can be made on the fly without waiting for an ad
rep or account manager to make them for you.
This article appears courtesy of Early To Rise, the Internet’s most
popular health, wealth, and success e-zine. For a complimentary
subscription, visit http://www.earlytorise.com.
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