If you’re an enterprise search marketer, you’re likely managing thousands to millions of keywords. To automatically improve performance, increase brand awareness, get back valuable time, and attain those magic revenue numbers, Marin Search and its bidding folders can help.
If you’re already using Marin Search, follow these tips to make sure you’re maximizing value. Or, if you’re looking for a search platform that makes keyword and account management easier, these tips provide a glimpse of what our leading advertising solution can do.
Marin Search uses a patent-pending algorithm to automatically adjust keyword bids to meet target KPIs. This automated bidding feature optimizes keyword bids within folders. For accounts following PPC best practice structure (organizing groups into targeted themes), bidding folders should fall in line with account structure.
If you’re unsure of which ad groups should go into what folder, think about the KPI you’re trying to achieve. All keywords within a folder should have the same target KPI.
Tagging Sub-Categories with Dimensions
The above bidding strategy will optimize all ad groups and category keywords to one KPI. However, each category could contain sub-categories that might not preform the same.
With dimensions, you can pull reports at the sub-category level. Not only can you use this to create granular reports, but it can also help you improve optimization.
For example, the folder ‘Dining Tables’ is set to achieve a CPL of £75—however, a dimension report reveals the actual category-level performance.
‘Wooden tables’ is performing 20% below the folder CPL, while the ‘folding tables’ CPL is 20% above. Use the percentage difference as bid boosts for keywords in each category, reallocating spend to the better-performing category. The average folder spend and CPL will remain the same, but the conversion volume will increase.
Once you apply dimensions, Marin can analyze the data to calculate bid adjustments for each sub-category dimension.
To automate dimension bid boosts, use Dynamic Actions. With this feature, bid modifiers simply sit on top of bidding folder calculated bids, and folder settings remain unchanged.
Using dimensions to optimize bidding cross sub-categories, our customers have seen some amazing results:
- CVR increases up to 80%
- Revenue increase by 30%
- A reduction in CPA by 38%
If you’re a Marin customer and would like more information on how to optimize sub-categories within bidding folders, contact our CoE team for a bidding consultation. Or, to see it in action, sign up for a free trial.