Advertisers see Shopping campaign success with new optimization, reporting tools from the DoubleClick Search Commerce Suite
Thursday, August 28, 2014 | 7:42 AM
Cross-posted from the DoubleClick Search blog
In March, we introduced Shopping campaigns support in DoubleClick Search, offering a simpler, more flexible way for retailers to manage their Product Listing Ads (PLAs). Thanks to these tools, advertisers have already seen success with Shopping campaigns. As Casandra Jones, Associate Director at iProspect, says: “It’s been incredibly helpful having DoubleClick Search be first to market with a solution for Shopping campaigns. We were able to transition to Shopping campaigns more quickly and determine best practices that work for our brands -- giving us a competitive edge, long before the majority of retailers hit the market.”
What: Adaptive Shopping campaigns is a new way to dynamically create and optimize your Shopping campaign structure, based on product performance. Native integration with Google Merchant Center means we’ll monitor your feed and automatically subdivide existing product groups by product ID, based on the conversion rates of the products in each group.
|Why: We’ve found that 90% of the median advertiser’s cost comes from only 9.5% of its products(1). However, advertisers often lump these high-spend products into bid groups with other, lower-converting products -- leading to bid values that are not optimized, based on relative performance. Adaptive Shopping campaigns ensure your most popular SKUs get the right bid by creating product groups for each item earning high traffic.|
|What do customers think? Andrea Bywater, Marketing Coordinator of Paid Search at BuildDirect, says: “Using adaptive shopping campaigns will be incredibly helpful in helping us group ‘winning’ SKUs together -- especially when things get even busier with the holidays and Black Friday just around the corner. Not only will this be more effective in saving time; it’ll also help us save money on products with lower conversion rates.”|
Smarter, faster bid optimization for Shopping campaigns
|What: Earlier this month, we rolled out bid optimization for Shopping campaigns -- giving you the ability to extend the same powerful bidding algorithms from our Performance Bidding Suite to your Shopping campaigns, with smarter bidding based on near real-time data.|
|Why: We know bid optimization can make or break campaign results. Bidding strategies need to be flexible enough to meet your business objectives, while algorithms need to be fast enough to act quickly in a competitive landscape. With bid optimization for Shopping campaigns, you can:|
And as with the rest of your bids, bid optimization for Shopping campaigns benefit from up-to-the-minute conversion data. This means you can use fresher data to more closely track to your promotion goals -- even during the busiest marketing days.
|What do customers think? Ashlee Wiltshire, Analytics & Technology Account Manager at Performics, recently helped her team implement Shopping campaign bid strategies for several of their key retail clients. Wiltshire says: “Within two weeks, we've seen CPCs come down 11.2% and ROAS improve by 3.4%. It's also freed up a lot of the teams’ time, and as a result we’re able to build out more granular campaigns without worrying about manually updating bids."|
Better transaction insights with purchase detail reports (beta)
|What: Purchase detail reports (currently in beta) let you better understand the products consumers purchased, and the ads that drove those sales. Once you specify the products sold in a transaction using the DoubleClick floodlight tag, you can customize and report on specific product sales by any attribute, including color, size, product line, and style. Best of all, these reports are available for any type of campaign -- whether that’s text, Shopping, on AdWords or on Bing.|
|Why: With ever-changing shifts in seasons and trends, retailers often focus on selling a certain products at a given time. Fashion advertisers, for example, need to sell the latest styles before they fall out of favor. In the past, figuring out if your search advertising actually lead to these product sales has been complex -- requiring lots of time and effort in reporting analysis. Purchase detail reports give granular transaction details for better insights into your campaign performance:|
|What do customers think? Justin Johnson, Paid Search Manager at Cabela’s, says: “Having insights into where we spend our money, in addition to what people are looking for, has been invaluable in helping us make better decisions. With this data, we have a better look into where we may not have adequate coverage, and are able to quickly make changes to address that. Being able to pull in margin data to see if certain keywords are actually better or worse at driving profitable traffic than we anticipated helps us be more thoughtful with our spending.”|
Reach out to your DoubleClick Search representative or our support team at email@example.com.