We know businesses are spending more on digital marketing. But, did you have any idea that 41% of businesses are spending at least $500,000 a year on digital?
Tag: paid search
Search king Google is known for constantly tweaking its product line for marketers. In the past year, Google has been transitioning to the product listing ad (PLA) model for paid search. The format allows marketers to present rich information to online searchers including price, image and merchant name, instead of just text, and the software behind the system doesn’t require the marketer to add more keywords or text. A new Marin study finds that consumers are clicking on the PLAs at a high rate and this trend may encourage marketers to invest more in this form of paid search advertising.
Paid search continues to deliver for marketers. Hanapin Marketing’s new State of Paid Search report shows that a majority of businesses are increasing their budgets for this format and will do so next year. In 2014, businesses will be looking for ways to improve conversion rates in their pay per click (PPC) campaigns.
Why spend good money on a paid search campaign if you can get the same exposure to clients through organic search? After all, search campaigns aren’t cheap. Google has studied this topic and finds that marketers who use paid search are generating significantly higher traffic on their sites than they would get with organic search alone. Now that consumers are using their smartphones to search for products and services, Google has updated its research and contends that paid search also helps send traffic via mobile devices.
Paid Search. It’s a field that captures nearly half of all online ad spending. Google became a household name as a result of its sophisticated algorithms and ad words. Marketers were willing to spend $14.8 billion last year on paid search to improve their positions on search engine results pages. But is paid search delivering the kind of ROI that marketers believe they are getting?
Whether a business uses pay-per-click paid search strategies or search engine optimization, the goal is the same – to drive more traffic to a website. In the early days of digital marketing, SMBs had as good a shot as larger competitors to use search advertising effectively. But the metrics are starting to change and SMBs are looking for better ad strategies, sometimes returning to traditional formats.
One of the hottest topics in the paid search sector this year has been the impact of mobile. Overall, paid search remains the dominant category in digital advertising but for the first time, the cost-per-clicks (CPCs) in the tablet format are costing marketers more than those in the desktop computer format. Further, analysts believe paid search will increase between 18%-20% globally this year and that CPCs will continue to rise, especially as we enter the holiday season.
Now that mobile smartphones have reached the 50% penetration rate in the U.S. market, the mobile ad market is about to heat up. A big jump is expected for both smartphone and tablet mobile ads. Marin has just released its projections for this market and the numbers are worth a look.
Marketers who have been using search solely to drive online sales are marking a mistake. So says Greg Sterling who writes for SearchEngineLand. It turns out that retailers can garner huge in-store sales increases by using paid search.
Marketers continue to allocate a significant percentage of their budgets to paid search advertising. The latest projections indicate that spending on this marketing format will reach $19.3 billion in 2011. But marketers also want to ensure that their spending yields a return so this year they are taking steps to increase click through rates (CTR) at a lower cost.