Last week I talked about killing unprofitable keywords, and promised a follow up with guidelines on making the all-important pause/delete decision.
Before getting to that, however, I want to offer a solution to the problem. One that avoids much of the downside of turning keywords off and avoid the hassle of working to actually improve results.
It’s a pretty simple idea. And it’s guaranteed to cut your losses in half.
One limitation is that this method isn’t available at the keyword level. It only applies to campaigns or ad groups that loose money – although obviously those are made up largely of money loosing keywords but a few winners may get caught in the net.
By ‘lose money’ I mean generate less revenue than their direct advertising expenses. This solution only applies when there is a negative ROAS.
Here’s How It Works
Suppose you have an AdWords campaign and last month the expense was $540 but revenue was only $350. ROAS for this campaign was only 64%. For every $1 you spent in AdWords you got back $0.64 and lost $0.36.
This is a classic money losing campaign. It’s probably full of the kinds of money losing keywords discussed in the last post. Most accounts have some of them, many accounts are full of them.
Want to cut that loss in half?
Pause the campaign. Send me the $540, and instead of that paltry $350 that you got back from running the campaign in Google, I’ll send you back $445. That cuts your loss in half, and represents a 27% revenue increase – your boss will be impressed!
Note that if the accountants at your office don’t like it, I’ll be glad to make the $445 in purchases on your web site. And the invoice will be clearly labeled as an advertising fee. Think of it as advertising to me.
If you’re willing to lose $190 advertising to lots of people via Google, for the same investment you can lose only $95 advertising directly to me. A guaranteed 50% reduction in your advertising losses.
Note that the numbers above are only for example purposes. I know many of you out there have campaigns and ad groups loosing a lot more than $190 every month, and there is no limit on this offer.
Go ahead and sign up those $5,000 losers or even the $50,000 losers. Whatever your loss, it will be cut in half.
Sign Up Now
With an offer like that, how can you keep those money losing campaigns and ad groups running?
If you’re not going to sign up, why are you keeping those campaigns and ad groups running? Please explain.
You can sign-up using the form below.