In the last couple months Google has been hard at work rolling out its new automated bidding platform to allow for advertisers to further optimize their paid search marketing campaigns. They have done this by allowing for automation to their Ad Groups, Ads, Keywords and Campaigns all within the AdWords interface. You are probably wondering how this is going to change the search marketing landscape? Allow me to explain.
Most users pause an ad or a keyword when it has spent its allocated budget; with the new automated tools you will be able to take the manual work out of the equation by setting a simple rule that allows you to pause a keyword or ad when it reaches a set limit. The automation doesn’t stop there, you will also be able to automate the bid changes and budget changes by raising or lowering them incrementally when the conversion rate drops or raise or lower budgets based on a particular day of the week. This means that for your internet marketing you will have much more optimized campaigns but at the same time will mean that you might end up paying more than you would have needed to otherwise for a certain keyword or ad.
So is it worthwhile to use Google’s built in automation tools, or would you be better suited to use an enterprise level software the likes of Marin, Kenshoo, or Acquisio? The answer to that relies on a number of factors, namely your budget, but also the depth in which you want to be able to control the automation. It will definitely be suitable for smaller businesses that have simple campaigns and are just measuring performance based on clicks, impressions and conversions. If your business doesn’t have the in-house resources to manage a full scale PPC campaign it would also prove more than worthy. The percentage of profit margins may also be a determining factor. If you have small profit margins, going over your budget may have you losing money. In which case you don’t want to enable this automation.
While the paid PPC bidding platforms may be affected by Google rolling out their own built in automation, I don’t think they will take that much of a hit simply due to the fact that Google’s tool is still in its infancy, but also due to the fact that it isn’t very robust in terms of creating complex algorithms or customized bidding rules. Most of Google’s PPC bidding rules are fairly simplistic in nature, and having access to much more powerful rules and automated tools is still valuable in the space.
So how does it work you might be wondering? When creating a rule you simply set an automatic action that is triggered when the preset requirements are met. They can be day-parted as a one-time run rule or you can have them run daily, bi-weekly or even monthly at your own discretion. An example of a rule one might use to optimize their campaign’s keywords would be to increase the max. CPC when the keyword falls below a certain threshold (like being on the top page)
All in all Google’s automated rules allow for much more sophisticated PPC campaigns and will allows marketers and businesses alike to further optimize their search campaigns which in the end will only be a better result for their marketing initiatives. So get out there any optimize your campaigns, automation awaits you!
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Lorne Fade is an Internet search marketer for 9th sphere a local Toronto SEO, web design & marketing firm.
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