Webinar: Maximize Keyword Profits & Conversions with Data Science

29
CONFIDENTIAL | © 2016. All rights reserved. 1 WEBINAR Maximize Keyword Profits & Conversions with Data Science Use data science to supercharge your search engine marketing

Transcript of Webinar: Maximize Keyword Profits & Conversions with Data Science

Page 1: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.1

WEBINAR

Maximize Keyword Profits & Conversions with Data Science

Use data science to supercharge your search engine marketing

Page 2: Webinar: Maximize Keyword Profits & Conversions with Data Science

Webinar

Maximize Keyword Profits and Conversions with Data ScienceUse data science to supercharge your search engine marketing

Page 3: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

FEATURING TODAY’S STAR-STUDDED CAST...

Alex Ortiz, VP Marketing @ QuanticMind|Host Analytics, Salesforce, Rakuten/Linkshareas “The dreaded CMO”

Sean Marshall, Product Marketing Manager @ QuanticMind|Intended Search, 3Q Digital, Webtrendsas “Beleaguered digital advertising professional, Sean Marshall”

Joe Hall, Product Marketing Manager @ QuanticMind |3Q Digital, Baytechas “Mild-mannered digital advertising professional, Joe Hall”

Justin Smith, VP Data Science @ QuanticMind|Answers, NexTagas “The data science consultant”

| © 2016. All rights reserved.3

Page 4: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Name: Sean MarshallProfession: Director of Search Engine Marketing; WidgetCo, Inc.; RetailerMonthly SEM Budget: $1,250,000Keyword portfolio: 1 million+Duties: Avoid objects hurled at him by CMOHelp: Please

| © 2016. All rights reserved.4

My goals until nowHit revenue targets and 35% overall margin

My results until nowExceeded revenue by 10% YoY at margin goal

What I’ve done so farEverything an experienced SEM manager should be doing

Everything was going smoothly until…

% margin = 100 * (rev - cost / rev)

cost = ad spend + cost of goods sold

Page 5: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.5

Page 6: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.6

• Alter % margin – change slot

• Back COGS out of each sale

• Analyze every dimension

• Apply learnings to long tail

• Buy a magic wand

Page 7: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

• I can’t scale my optimization

• I’m overwhelmed by data

• But sometimes I need more

• And…the target keeps moving

| © 2016. All rights reserved.7

Page 8: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Name: Justin SmithProfession: Data scientistCurrent project: Data scienceSide project: Data scienceHobbies: Data scienceDuties: Use data science to drive scale and automation for SEM programs

• There’s a better way to manage enterprise-level campaigns for profitability:– Manage everything at scale with smart automation

– Optimize your campaigns to the individual keyword level as though they are all head terms

– Perfect your margins by eliminating wasted spend while increasing spend on undercapitalized keywords

– Head home at a reasonable hour and see your family!

• Let’s put the power of data science on our side!

| © 2016. All rights reserved.8

Page 9: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Business/Strategy Acumen

Mathematics Expertise

Technology; Hacking Skills

| © 2016. All rights reserved.9

Data Science

Page 10: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

• Granular optimization and accuracy

• Scale

• Performance lift

• Competitive advantage

| © 2016. All rights reserved.10

Page 11: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Page 12: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Page 13: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Page 14: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Keyword6

Before After %ChangeCPC $3.59 $3.80 6%Cost $8,702 $11,265 29%Revenue $12,116 $15,370 27%$Profit $4,414 $5,105 16%%Margin 36% 33% -8%

KeywordSet

Before After %Change

CPC $2.93 $2.51 -14%

Cost $35,464 $34,056 -4%

Revenue $54,554 $58,656 8%

$Profit $19,091 $24,600 29%

%Margin 35% 42% 20%

Page 15: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Page 16: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.16

• Full time data scientist (Excel guru)

• Full time programmer with API & AdWords script experience

• Full time SEM manager for everything else

Page 17: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.

Performance

+26% Increased profit margin

at stable spend

Home improvement co

Performance

+24% Increase in gross dollar margin

-15% Decrease in ad spend

E-Commerce co

Page 18: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Name: Joe HallProfession: Director of Search Engine Marketing, Daddy Warbucks Inc.; Financial Service Co.Monthly SEM budget: $250,000Keyword portfolio: 5,000+Duties: Get berated by CMOManners: Mild

| © 2016. All rights reserved.18

CPA = cost / leads

My goals until nowHit conversion goal within CPA and budget guidelines

My results until nowAchieved conversion goals while beating CPA target

What I’ve done so farEverything an experienced SEM manager should be doing

Everything was going smoothly until…

Page 19: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.19

Page 20: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

• I can’t scale here

• I’m having data overload

• I can’t optimize for every dimension

• No additional search inventory

| © 2016. All rights reserved.20

Page 21: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Name: Justin SmithProfession: Data scientistCurrent project: Data scienceSide project: Data scienceHobbies: Data scienceDuties: Use data science to drive scale and automation for SEM programs

• There’s a better way to manage enterprise-level campaigns for CPA:– Manage everything at scale with smart automation

– Optimize your campaigns to the individual keyword level as though they are all head terms

– Maximize conversions by eliminating wasted spend while increasing spend on undercapitalized keywords

– Head home at a reasonable hour and see your family!

• Let’s once again put the power of data science on our side!

| © 2016. All rights reserved.21

Page 22: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Page 23: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Page 24: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Keyword5

Before After %Change

CPC $1.99 $2.27 14%

Cost $2,160 $4,550 111%

Conversions 80 130 63%

CPA $27 $30 11%

KeywordSet

Before After %ChangeCPC $2.57 $2.71 5%Cost $12,082 $12,176 1%Conversions 512 577 13%CPA $24 $21 -11%

*Program constraints:– Set Max CPA target: $25– Fixed budget

Page 25: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.25

• Full time senior data scientist – Excel won’t cut it

• Full time programmer with API and AdWords script

• Full time SEM manager for everything else

Page 26: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.26

A leading provider of extended vehicle protection services.

Performance+25%

Improved margin at constant volume

One of the largest e-commerce players in Latin America, which sells more than 125,000 apparel items from more than 2,000 brands.

Performance+28%

Improved marginconstant volume

Page 27: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL

Goodbye, wasted spend and wasted spreadsheet hours.Hello, multi-dimensional bidding.

| © 2016. All rights reserved.27

• Wasted spend on poor performers• Underutilized spend on potential movers• Wasted spreadsheet hours!

• Ignores valuable data signals• Sub-optimal performance results• Missed opportunity to scale

Margin percentage

One-dimensional bidding

Keyword profit max

Conversion max

• Maximize performance lift• Vastly increased efficiency…and profits!• No more hours of spreadsheet work!

• Maximize performance lift• Capture every available conversion• No more hours of spreadsheet work!

Page 28: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.28

Page 29: Webinar: Maximize Keyword Profits & Conversions with Data Science

CONFIDENTIAL| © 2016. All rights reserved.29