Earlier this week, there was an interesting conversation on Twitter about the Google Display Network. IntelligentPPC made the bold statement that one should avoid the GDN like the plague. Many members of PPCchat disagreed, myself included. Check this link for an example of the debate that ensued.
If you’re running search and display campaigns together, then you certainly will lose money. The two are not the same and optimization tactics are totally different. But if you’re running distinct campaigns in display, then you absolutely can profit from it. Here are 3 ways to profit from the Google Display Network.
Promote a new product.
One of the rare times that keyword search falls down is in new product launches. Let’s say you’ve developed a great new product that’s totally revolutionary. So revolutionary that no one is searching for it. If no one is searching for it, keyword search won’t be much help to you. I’ve seen this time and again – low search volume for new products.
The problem is lack of awareness. If people don’t know about it, they won’t search for it.
Enter the GDN.
By running carefully crafted display ads targeting the right audience, the GDN will help increase awareness of your new product amongst your target audience. From there, people will buy – either directly from the display ads, or from searches performed later on.
We recently did this with one of our clients. They developed a product that was unique. No one was searching for it. We created image display ads with pictures showing the product in use. The ads led users to a video demonstration on the client site.
Not only did we increase traffic and ultimately search volume for the product, we also saw direct and profitable sales from display.
Get on prime web properties through the back door.
Let’s face it – targeting B2B customers with keyword search can be challenging. Right now I have a client who’s trying to reach B2B decision makers to get them to use their product. Problem is, their product is also something consumers search for. They don’t want to reach consumers, so we’ve used negative keywords to eliminate most of those searches – and now the client’s search volume is very low.
Immediately I started thinking “LinkedIn Ads.” But CPCs on LinkedIn are high – the audience for this client has a minimum CPC of $4.50, and you’ll need to bid much higher to get a good position.
Enter the GDN.
Yes, LinkedIn is part of the GDN. And you can craft a GDN campaign to show ads on LinkedIn for a lower cost than going through LinkedIn directly. You can even get image display ads onto LinkedIn this way – something that costs 5 figures when working directly with LinkedIn.
Build killer remarketing lists.
Awareness is a key component of any marketing strategy. If you’re only using keyword search, you’re missing those who don’t know about your product. Sure, you might hook some of them with broad, generic terms – but at what cost? I’ve seen broad keywords in the $30-$50 per click range. With conversion rates of 1% or lower, that’s usually not very profitable.
Enter the GDN.
Use the GDN to create awareness of your brand and your product. Then, create a remarketing list comprised of those who came to your site from the GDN but didn’t convert. Then remarket to them with a compelling offer.
By using the 2-step GDN/remarketing process, instead of paying $30 for a visitor with a 1% conversion rate, you can now pay $2 or $3 per click. That’s 10 visits from the GDN for one from search – and now they’re familiar with you because of the remarketing component. That means they’re more likely to buy. At a lower cost than from keyword search.
So should you avoid the GDN like the plague? Go for it – I’ll be happy to take the customers you’re leaving on the table.
How have you used the GDN to make a profit? Share in the comments?