15/08/2022
It’s not the budget that determines the success of your campaign, but your strategy. 🤷♂️
Your PPC budget strategy is all about focusing on the best-performing ads while constantly reviewing performance to make sure you are allocating resources in the most effective ways.
If you feel limited by your budget, it’s useful to start small and expand your reach once you’ve learned which strategies work best for your business.
A good understanding of the target audience, relevant keywords, and a structured PPC strategy can help you maximize the potential of your campaign even on a small budget.
A Quick Win: Allocation
One of the simplest ways to improve performance is to allocate budgets differently.
Rank your campaigns by CPA performance and develop a checklist to make sure they’re running at top performance.
Here are two simple wins:
1: Shift more budget to campaigns with the lowest CPAs, Make sure there is no budget pause here.
2: Check for editorial issues and draft status in all campaigns, but especially high performers.
Ways to eliminate waste and fix a low CVR(conversion rate):
Exclude poor-performing keywords, placements, and audiences.
👉 In search, pull a search term report and add negative keywords.
👉 For RLSAs exclude audiences with -100 percent incremental bid
👉 Check mobile performance. If poor, consider a negative incremental bid.
In the end, maximizing your budget comes down to the things you can control – and that’s your cost-per-click and your conversion rate.
Put those factors front and center, and you can be confident that you’re squeezing every penny from your budget.