Optimizing Your Bing Ads Campaign: The Basics

Bing’s search engine market share has grown to 21 percent. Google is still your best bet for reaching the largest number of customers, but to neglect your Bing Ads campaigns is a mistake. Fortunately, optimizing campaigns in Bing Ads is similar to the process of auditing your Google AdWords campaigns. Read on to learn more about the basics of optimizing in Bing Ads.

Optimize - Improving ResultsThere’s no denying that Google is the undisputed king of search engine advertising, and the potential reach of Microsoft’s search platform pales in comparison. However, Bing’s popularity is rising.

In late 2015, Comscore reported that Bing’s search engine market share had grown to 21 percent (Google accounts for 64 percent), probably because of Bing’s incorporation into Windows 10, Windows 10 Mobile and Surface devices. Google is still your best bet for reaching the largest number of customers, but to neglect your Bing Ads campaigns is a mistake — one that grows bigger by the day.

Fortunately, optimizing campaigns in Bing Ads is similar to the process of auditing your Google AdWords campaigns. Some of the reports and user options are different, but the general tenants are the same. Read on to learn more about the basics of optimizing in Bing Ads.

Running Reports — Know Your Options

Just like the first step of cooking is to gather your ingredients, the first step of optimizing is to collect your data. Bing Ads provides the following reports with uniquely beneficial information:

  • Performance reports: Track the overall performance of your efforts at the account, campaign, ad group, ad and keyword levels. See important metrics such as your CTRs and impressions.
  • Change history reports: Want to revisit how you’ve changed your campaigns over time? Just run these reports to see your change history.
  • Targeting reports: See which audiences your campaigns are reaching.
  • Campaign analytics reports: Designed to aid conversions, these reports help you understand how visitors are interacting with your website’s landing page.
  • Billing and budget reports: Good for accounting, these reports offer the nuts-and-bolts of your campaign spending and billing over time.

It’s a good idea to regularly generate each type of report. Each report type can be customized to highlight the most relevant data for your needs, and you can also schedule automated reports that hit your email as attachments.

Pump Up Low Impressions

Is your campaign getting unusually low impressions? This could be happening for several reasons, most of which relate to your keywords. Open the keyword list for your underperforming ad group and look for keyword disapprovals and low keyword bids. Bing’s reviewers sometimes disapprove keywords based on landing page relevance or various compliance rules. And sometimes, you just need to bid more.

Negative keywords might also be hindering your ad’s visibility. Negative keywords can save you lots of money by filtering out visitors who wouldn’t be likely to convert on your landing page, but misusing negative keywords can have the opposite impact.

Or it could be that people who are seeing your ad just aren’t interested. Try changing up your ad copy, and run a targeting report to make sure you’re reaching the right audience.

Reverse Low Clickthrough Rates

If your ad is getting plenty of views but not many clicks — which you can see in your performance report — then you must make your ad more compelling. Define what makes your business special, include an irresistible offer and give a call to action (i.e. “Contact Us for a Free Estimate”). Compare your ad with competing ads for insights about what you’re missing. You can also experiment with dynamic text, which plugs the actual terms people search for directly into your ads.

Capturing Conversions

The whole point of online advertising is getting conversions on your landing page. If visitors are reaching your site but not taking your desired action — whether that’s making a purchase or filling out a contact form — then that’s a problem.

The Universal Event Tracking tool is Bing’s version of conversion tracking. This tool generates a pixel that you place in the code throughout your website — then, you can run a campaign analytics goals report to see how visitors move through your site. From this, you can get invaluable insights about who converts versus who bounces.

Bing Ads lets you include dynamic text in your destination URLs, sending visitors to landing pages that specifically target their needs. The findings in your campaign analytics goals report might also reveal keywords or ad copy variations that aren’t capturing the right audiences.

Prepare for Editorial Reviews

Bing Ads has several compliance regulations enforced through its editorial review process. The purpose of this process is to maintain a high degree of quality across the Bing Ads search network. You may see real-time alerts requiring you to change your ads and keywords as you optimize, or a recently revised campaign may be tagged with an editorial disapproval. Most disapprovals are easily correctable and not a cause for long-term concern. As an advertiser, though, you should periodically familiarize yourself with Bing Ads’ policies.

Summary

Optimizing Bing Ads campaigns can result in greater revenues and fewer losses — and in business, both outcomes are great for your bottom line. Resist pouring all your efforts into Google Adwords, and remember that Bing Ads is actually growing at a faster rate. Microsoft is committed to integrating Bing into its latest computing and smartphone products. You can capitalize on that by reaching a sizeable audience with economical costs per click, but only if you put in the effort.

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How to Maximize Your Lead Volume Within Your Allowable Cost per Lead

Many times marketers running lead generation programs shortchange their lead volume in order to maintain tight controls on their cost per lead. Their fear is that if they rollout media that tested at a cost per lead (CPL) that’s just equal to or slightly below their target CPL that a variation in response might put their overall CPL over the top. As a result, they roll out only those media properties that are performing below their target CPL.

Many times marketers running lead generation programs shortchange their lead volume in order to maintain tight controls on their cost per lead. Their fear is that if they roll out media that tested at a cost per lead (CPL) that’s just equal to or slightly below their target CPL that a variation in response might put their overall CPL over the top. As a result, they roll out only those media properties that are performing below their target CPL.

This conservative strategy ends up cheating you out of volume that could significantly increase your program’s total revenue and positively impact your ROI. The fact is that every well-constructed media test has its big winners as well as its big losers. The trick is to leverage the big winners in a way that allows you to include the “little losers” in the mix and still meet your overall target cost per lead.

With a few simple spreadsheet tricks, you can maximize your lead volume and still hit your target CPL by including media that actually generate higher lead costs than your target CPL! Think about it this way. If your target cost per lead is $15, for every $10 lead you get from a “big winner” media, you can accept a $20 lead from a “little loser.”

Let’s walk through the simple spreadsheet manipulations you need to manage this process.

Start out with your basic results spreadsheet like Table A that shows your media cost, responses, and cost per response for each media. For this example, we’ll look at a 500,000 impressions test (10 properties,
50,000 impressions each, with a roll-out potential of 15 million. The target CPL is $15.

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As you can see, the test yielded 700 responses at a cost of $11,425 or a total CPL of $16.32. But there are 7 out of 10 properties that are performing worse than the target CPL of $15.

The first thing you need to do is rank the results in ascending order of CPL using the Data Sort function, and you end up with Table B below. (Make sure you don’t include the total line in your sort).

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Here we see that properties H, B, and C are below the target of $15 per lead while all the others are higher. The combined roll-out quantity of these three properties is a disappointing 4,050,000 impressions out of the total potential roll-out quantity of 15 million. But let’s look at what the actual roll-out potential is when we leverage the “big winners” against the “little losers.”

To the spreadsheet that you sorted by ascending CPL, add columns for cumulative responses, cumulative cost and cumulative CPL. Table C, shows the formulas for calculating those.

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Looking at the results of this calculation in Table D, we get a better picture of the potential roll-out universe.

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If you look at the cumulative cost per lead column, you can see that taken together, 8 out of 10 media properties produce an aggregate cost per lead under $15. That leaves only properties E and F with their high CPLs out of the mix, creating a potential rollout of 12,250,000 impressions. (Note: If you decide to re-sort this spreadsheet do not include the cumulative results columns in the sort).

Now, some words of caution. Don’t roll all these marginal media out before retesting them in a larger quantity, say 250,000 impressions to make sure that you’re going to repeat your results. A test quantity of 50,000 impressions generating less than 100 responses does not create a high level of statistical confidence. So be especially careful with properties like A and I that have higher CPLs. You’ll also want to retest your “big winner” properties with a greater number of impressions to make sure the test results are not an aberration.