? Start with an exhaustive list of keywords. Be ready to prune quickly
? Concentrate on precise, relevant keywords.
? If you sell Retro/Novelty t-shirts you should bid on 'paris hilton t-shirt' and avoid 'paris hilton clothes'
? Organise your campaign into highly relevant ad groups that include only the keywords that convert into sales within your CPA target. Eg. 'paris hilton keywords', 'star wars keywords', 'dirty dancing keywords' etc.
Get the Ads right
? Test 3-4 ads for each of your ad groups.
? Write relevant, benefit focused ad copy. Look for the ones that get the highest click through rates and conversion rates.
? For Retail, our experience shows that the following is the best ad format:
- Title: Paris Hilton T-shirts - consumer benefit: 'They have exactly the item I am looking for'
- Description 1: All your favourite Retro & Novelty Tees - consumer benefit: 'They also have other items I might like'
- Description 2: Order today, Get it tomorrow! - consumer benefit: 'I can get my items quickly and easily'
- Display URL: www.BrandURL.com/BuyNow - branding and call to action
Get the Landing Page right
? Land consumers onto the most relevant page on your site.
? Ideally you would have a page that only includes your breadth of Paris Hilton t-shirts.
? Links to the rest of the range should be obvious and easy to navigate.
? Other consumer benefits such as free postage & packaging, and sales should be obvious. Cross-sell similar items.
? Ensure that the sales process is quick and easy
Analyse and Optimise for Profit
? Track and record the value of each sale at the keyword level
? When optimising, include your margins and the cost of media in your reports, to determine which are your profitable keywords
? Depending if you are looking for volume or only profitable individual sales, prune your keyword list accordingly.
Let PPC influence the Product Range
? Some items are not easy to describe and are not searched for. Concentrate on the keywords for items in your range that are searched for regularly, and then cross-sell your other items on the landing page.
? If you see a high number of ad impressions and clicks for an ad group, with a low number of sales it could be that a product range is popular but you don't have the breadth of choice being searched for. Let the PPC data influence your range.
? Ranges that are popular should be broadened and stocked regularly to support the PPC campaign.
PPC working with your other Marketing Communications
? If you have a recognized brand, include this prominently in your PPC ad copy. 'Official Site' is a strong consumer benefit.
? Support good PR with 'As seen IN' and 'As seen ON' ad copy. This traditionally drives higher sales for several days after the release.
? Brand awareness banner campaigns can greatly increase your PPC brand sales, which are traditionally the cheapest.
? Support your PPC campaign with a robust SEO strategy for your broader keywords that drive traffic but have a higher conversion cost through PPC
? Ultimately PPC should be driving your regular sales, filling in the troughs, made by the peaks from your other bursts of online and offline communications.
Same Store Retail Sales
The US dollar and Japanese yen remained strong on Wednesday as risk aversion remains a very real theme in the markets. The biggest piece of evidence of this: increased demand for Treasuries, the 2.94 percent drop in the Dow Jones Industrial Average, and the nearly 6 point rise in the CBOE's VIX volatility index. Meanwhile, the release of the US Advance Retail Sales index proved to be even worse than expected, as it fell 2.7 percent during the month of December alone. This marked the sixth straight month of contraction and the worst string of declines since recordkeeping began in 1992, but is particularly negative because the holiday shopping season is supposed to be a boon for retailers, but even the most aggressive discounting wasn't able to offset the impact of a deteriorating labor market, tighter credit conditions, and a year-long recession. With job losses continuing to climb, the dismal retail sales results may be just a part of a rather consistent trend through the first half of 2009.
Going forward, risk trends may continue to determine price action for both the US dollar and Japanese yen, as we've seen that at this point, fundamentals have little impact on the currencies. Throughout the day on Thursday, multiple members of the Federal Open Market Committee (FOMC) will be speaking on the economy and monetary policy, including Atlanta Fed President Dennis Lockhart, Chicago Fed President Charles Evans, and San Francisco Fed President. Comments by FOMC members tend to be very market-moving, especially when it comes to interest rate expectations, so traders should keep an eye on the news wires as they could have negative or positive implications for risk sentiment.
Euro Down Ahead of ECB Rate Decision, But Could EUR/USD Ultimately Rally in Response?
The euro slipped for yet another day versus the US dollar and Japanese yen, as a combination of risk aversion and speculation of a rate cut by the European Central Bank (ECB) on Thursday morning weighs on the currency. According to Credit Suisse overnight index swaps and a Bloomberg News poll of economists, the ECB is likely to cut interest rates by 50 basis points to match the 2005 record low of 2.00 percent. This easily leaves the 7:45 ET announcement as one of the most important pieces of event risk this week, but traders will also have to look out for comments by ECB President Jean-Claude Trichet during his post-meeting press conference at 8:30 ET.
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