product listing ads [part 1] by rajat mukherjee

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PRODUCT LISTING ADS Rajat Mukherjee

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MivaCon 2014 Breakout Session: Product Listing Ads [Part 1] Presented by Rajat Mukherjee

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Page 1: Product Listing Ads [Part 1] by Rajat Mukherjee

PRODUCT LISTING ADSRajat Mukherjee

Page 2: Product Listing Ads [Part 1] by Rajat Mukherjee

Product Listing Ads(why you care!)

Rajat Mukherjee

Page 3: Product Listing Ads [Part 1] by Rajat Mukherjee

Yahoo Commerce Central

(why you care!)

Automated marketing for SMB

Page 4: Product Listing Ads [Part 1] by Rajat Mukherjee

Shopping Product Feeds Product Listing

Ads

Small BusinessPay per click

Search Ads

Page 5: Product Listing Ads [Part 1] by Rajat Mukherjee

History

• Pay per click Search Ads

• Product feeds in Shopping

201220072002

200320001999

Page 6: Product Listing Ads [Part 1] by Rajat Mukherjee

SEM Challenges for SMB• Hard - needs ongoing management

– Few SMBs regularly identify keywords driving traffic, find long-tail keywords, optimize campaigns, add negative keywords, etc.

– Keyword match types, extensions, mobile, etc.– “Practically a full-time job”

• ROI is hard– Conversion tracking not set up (> 50%)– 25% of budgets are wasted

• Expensive – marketplace is competitive– needs higher budgets, experiments (SMBs have limited budgets)

Page 7: Product Listing Ads [Part 1] by Rajat Mukherjee

How Product Listings Ads work

• You create a structured feed for your products• You submit feed to channel (Google, Bing, Amazon,…)• You bid for each click (PPC)• Channel will check your listings on ongoing basis • Channel will match user request to product• Channel will charge you for each click• User will arrive at your site and buy!

Page 8: Product Listing Ads [Part 1] by Rajat Mukherjee

Benefits

• Easy – you just submit your product feed + bids

• Effective – user intent automatically matched to product– Price, product image, brand, no ad copy required

• Inexpensive – no crazy bidding on keywords (but CPCs going up)

Page 9: Product Listing Ads [Part 1] by Rajat Mukherjee

Comparison

• Pay per click search ads– Keyword bids– Auction– Harder to manage– $$$

• Product Listing Ads– No keywords– Automatic match + bid– Easier to manage– $ (going up)

Page 10: Product Listing Ads [Part 1] by Rajat Mukherjee

For PLA, you need to…

• Clean up your titles and descriptions • Keep your offers and prices updated in your feeds • Create great product pages• Include unique product identifiers in feed – MPN, ISBN,

EAN, UPC etc.• Categorize products correctly in feed (using channel’s

taxonomy)• Sell good stuff

Page 11: Product Listing Ads [Part 1] by Rajat Mukherjee

You also need to…

• Create granular PLA target structure• Use specific promotional text (10-15% CTR improvement)• Make sure the right variants show up (color, size)• Optimize feeds for the way users search for your products• Use query performance feedback to optimize feed

Page 12: Product Listing Ads [Part 1] by Rajat Mukherjee

Top 3 categories by ROI (GS)

Computers, Tablets & Networking Baby Cell Phones & Accessories Average

Page 13: Product Listing Ads [Part 1] by Rajat Mukherjee

Top 3 categories by ROI (AS)

Consumer Electronics Home & Garden Toys & Hobbies Average

Page 14: Product Listing Ads [Part 1] by Rajat Mukherjee

Family owned footwear retailer targeting U.S. & Australia

Traffic

Revenue

Other TrafficGoogle Shopping

Google PLA drives 17% of site traffic and 28% of revenue

Page 15: Product Listing Ads [Part 1] by Rajat Mukherjee

Family owned footwear retailer targeting U.S. & Australia

$1 in spend $19 in revenue

8x traffic in Google Shopping compared to other CSE

ROI: PLA > Retargeting > Other advertising channels

Page 16: Product Listing Ads [Part 1] by Rajat Mukherjee

Remember…

• Easy

• Effective

• Inexpensive

Page 17: Product Listing Ads [Part 1] by Rajat Mukherjee

Thank you

@rajatmukherjee