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This PDF is very straightforward.
I share every single tactic that I use to optimize Google Shopping campaigns.
To show you it's not page filler, I’ve included an actual mini case-study for most tactics.
You’ll probably see different results (better or worse), but you can use them to get
inspiration on what to try next.
Regards,
Dennis Moons
Founder, Store Growers
Excluding this campaign from “Include YouTube, Gmail, and Discover” resulted in 0.2%
save in ad spend ($9.73 on $4,675.42).
I have to admit, this is a very small saving. But I’m not comfortable with that setting
being on and Google having the permission to start running my Shopping Ads on
YouTube without any notice.
By enabling Shopping Ads to show on Search Partners, we were able to pick up 7% extra
conversions in this campaign.
Adding an “All visitors” remarketing audience to this campaign, coupled with a 25% bid
adjustment resulted in 2 extra conversions at a 26% lower cost per conversion.
4. Adding negative keywords
What: Negative keywords prevent your Shopping Ads from showing up for specific
search queries. This allows you to block irrelevant keywords or keywords that have a
high cost associated with them.
Result:
Monitoring the Search terms Report closely after launching this new campaign resulted
in excluding 23 keywords. These had spent €11.27, or about 24% of the total cost for
this campaign.
After, that budget could be used to attract more traffic that’s much more likely to
convert.
5. Splitting a single Shopping campaign into different ones
What: Instead of having a monolith Google Shopping campaign, breaking it up into
different campaigns for your categories and brands allows you more flexibility with
regards to budget and bidding strategies.
Result:
With this advertiser, we went from having one single campaign with all products, to 4
separate ones with their own budget.
This enabled them to focus the budget on the categories that were doing well (Cat 1 &
2), while reducing the budget going to Cat 3 & 4.
That resulted in the same budget (around $2,000), generating an additional 20%
increase in revenue.
Result:
This advertiser was bidding €0.25 for all products. After splitting up the product group,
she realized that she was underbidding on her top brand, which was raised to €0.5, and
overbidding on a second brand, which she reduced to €0.15.
This resulted in an increase over €174 in extra revenue (with a similar cost) over the
span of a week after the change.
Result:
In this account, we went from a single campaign targeting a specific product category,
to two-tiered campaign structure.
The “top” campaign includes searches that have proven to convert well, while the
“other” campaign contains all other searches.
In the 30 days following this change, ROAS held steady at 7.8. But revenue increased by
67% (from $6722.87 to $11,282.25!)
That’s exactly what happened with this advertiser. Before their products titles were
structured like PRODUCT NAME + BRAND.
Pulling that brand forward to the beginning of the products title resulted in a 62%
increase in CTR!
10. Monitor competitive pricing
What: If you understand how your product price compares to other vendors, you can
adapt your CPC to that information.
The Benchmark product price difference column will show you that information.
Result:
This advertiser had products ranging from -12.23% +0.24%. After reviewing this pricing
information, he changed his bidding strategy to the following approach:
● Be aggressive where his price was > 15% lower
● Limit spend where he was > 10% more expensive
● Wait and see for those other products
Can you tell when we switched product images? :)
In this single product Google Shopping campaign For this advertiser, our Max CPC was
close to the Benchmark max CPC.
But the Benchmark CTR was a lot lower: 0.93% compared to a benchmark of 1.69%.
In and of itself, that number doesn tell you much, just that something is off. So if we
took a look at the other advertisers and saw that our product title wasn’t as attractive.
After some changes, we managed to get the CTR up to 1.34%.
Result:
This advertiser was already running Product Shopping Ads. But adding a Showcase
Shopping Ads campaign, resulted in 10% additional clicks.
Ads with Seller ratings often see an increase in CTR.
Then we created 3 different campaigns based on that information:
● Top products (75% of Shopping budget & aggressive max CPCs)
● Average products (20% of budget & average CPCs)
● Rest products (5% of budget & very low CPCs)
This resulted in revenue increasing from $833 to $1,720 in the two weeks following this
change. Because we focused the majority of the budget on campaigns with higher
margins, the overall profits also went up.
This led to a lower CPC: $0.75 -> $0.51 which brought the CPA to the same level as the
one for Computers.
26. Promotions
What: Promotions are special offers that you can submit for one or more of your
products. These can be things like discounts or better delivery options.
Result:
The ad above shows the “special offer” and when clicked, it opens up a pop up with
more details on the offer, including a promo code.