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What is a good or a typical or average conversion rate?

03/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The conversion rate (CR) varies depending on the industry, the target group, the type of offer and the marketing and sales tactics used. There is no set "good" or "typical" conversion rate, as it is highly dependent on specific circumstances.

Some industries tend to have higher conversion rates than others. For example, e-commerce sites that offer high-value products may have a higher conversion rate than sites that offer complex services. An average value for a good conversion rate is between 2% and 5%.

However, it is important to note that a higher conversion rate is not always better. A high conversion rate can mean that the target audience responds very well to the offer, but it can also mean that the price is too low or that the marketing is not driving enough traffic to the website. Therefore, the conversion rate should always be considered in the context of other metrics such as traffic, customer acquisition, and revenue to get a full understanding of performance.

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How can I optimize my Google Ads?

03/03/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

To optimize your Google Ads ads, there are several actions you can take. Here are some tips that can help you:

Define clear goals: Before you start optimizing, it's important to define your goals. Do you want to generate more traffic to your website, make more sales or increase your brand awareness? Depending on your objectives, there are different strategies to optimize your ads.

Choose the right keywords: select keywords that are related to your product or service. Use keyword tools to find relevant and frequently searched keywords. Make sure your keywords are not too broad, as this can lead to lower relevance and higher costs.

Use ad extensions: Use ad extensions such as sitelinks, reviews, or pricing to present additional information in your ads. This can help make your ads more eye-catching and informative, generating more clicks.

Test different ad versions: Create different ad versions with different headlines, descriptions, and ad extensions. Test these variations and analyze which ads work best. Use these insights to continuously improve your ads.

Monitor your ad performance: regularly analyze the performance of your ads to see how they are performing. Review your click-through rate, conversions, and cost per click. Use this data to make adjustments and further optimize your ads.

Optimize your landing page: Make sure the landing page your ad links to is relevant and user-friendly. Optimize your landing page for a higher conversion rate by using clear call-to-actions and user-friendly forms.

By following these tips and continuously working on optimizing your ads, you can make your Google Ads campaign successful.

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Running Ads on Google Ads [2023 Update]

03/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Google Ads is one of the most effective platforms to reach your target audience online. With Google Ads you can place ads that are tailored to your potential customers' needs and showcase your products or services. In this article, you will learn how to run ads on Google Ads and what to look for when creating ads.

Step 1: Create a Google Ads account

To be able to place ads on Google Ads, you first need to create a Google Ads account. Go to the Google Ads website and click "Get started now". Follow the instructions to set up your account.

Step 2: Keyword research

Before you can create ads, you need to do keyword research. Keywords are the search terms that potential customers type into Google when searching for products or services. Find out what keywords your target audience uses and what relevant search terms exist.

Step 3: Create a campaign

After the keyword research, create a campaign. Choose the goal of your campaign (e.g. more traffic to your website or higher sales) and set the budget you want to spend on the campaign.

Step 4: Create ad groups

Within your campaign, you can create multiple ad groups. Each ad group has a specific topic and a group of keywords related to that topic. Here you can also specify which landing page you want users to be directed to.

Step 5: Create ads

Create ads that match the specific ad groups. Choose a headline and description that showcase your products or services in an appealing way. Make sure your ads provide clear value to users and are tailored to your target audience.

Step 6: Determine the ad format

There are different ad formats you can choose from, such as text ads, display ads, or video ads. Choose the ad format that best suits your business and your goal.

Step 7: Target audience settings

Determine the target audience you want to reach with your ads. Here you can select demographic characteristics, interests, or user behavior, for example.

Step 8: Bidding

Determine how much you want to bid for each click on your ad. Here you should be guided by your budget and target groups.

Step 9: Monitor and optimize

Monitor your campaign regularly and optimize it as needed. Analyze which ads are performing well and which are not, and adjust your campaign accordingly.

Conclusion

Running ads on Google Ads can be a very effective online marketing strategy for businesses. Careful keyword research, targeted are key.

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Placing ads on Google Ads - What you should know

02/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Google Ads is one of the most effective platforms to reach your target audience online. With Google Ads you can place ads that are tailored to your potential customers' needs and showcase your products or services. In this article, you will learn how to run ads on Google Ads and what to look for when creating ads.

Step 1: Create a Google Ads account

To be able to place ads on Google Ads, you first need to create a Google Ads account. Go to the Google Ads website and click "Get started now". Follow the instructions to set up your account.

Step 2: Keyword research

Before you can create ads, you need to do keyword research. Keywords are the search terms that potential customers type into Google when searching for products or services. Find out what keywords your target audience uses and what relevant search terms exist.

Step 3: Create a campaign

After the keyword research, create a campaign. Choose the goal of your campaign (e.g. more traffic to your website or higher sales) and set the budget you want to spend on the campaign.

Step 4: Create ad groups

Within your campaign, you can create multiple ad groups. Each ad group has a specific topic and a group of keywords related to that topic. Here you can also specify which landing page you want users to be directed to.

Step 5: Create ads

Create ads that match the specific ad groups. Choose a headline and description that showcase your products or services in an appealing way. Make sure your ads provide clear value to users and are tailored to your target audience.

Step 6: Determine the ad format

There are different ad formats you can choose from, such as text ads, display ads, or video ads. Choose the ad format that best suits your business and your goal.

Step 7: Target audience settings

Determine the target audience you want to reach with your ads. Here you can select demographic characteristics, interests, or user behavior, for example.

Step 8: Bidding

Determine how much you want to bid for each click on your ad. Here you should be guided by your budget and target groups.

Step 9: Monitor and optimize

Monitor your campaign regularly and optimize it as needed. Analyze which ads are performing well and which are not, and adjust your campaign accordingly.

Conclusion

Running ads on Google Ads can be a very effective online marketing strategy for businesses. Careful keyword research, targeted targeting and constant optimization are the keys to online marketing success.

Once the ads are placed, it is important to monitor them continuously and adjust them if necessary to ensure that they are effective and achieve the desired goal.

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What Google Ads can not do?

02/21/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

While Google Ads is a powerful tool for increasing online visibility and traffic, there are also some things it can't do:

It can't replace a poor website experience: If the company's website is not user-friendly, a Google Ads campaign alone will not be enough to achieve a high conversion rate.

It can't guarantee success on its own: Even if a Google Ads campaign is executed very well, it is not a guarantee that the company will be successful. Success requires a holistic strategy and other factors such as customer service, product quality and pricing also play an important role.

It can't convert all traffic into quality leads: although Google Ads campaigns can drive traffic to the company's website, it doesn't automatically mean that every visitor is a potential customer. It requires further strategies to convert traffic into quality leads.

It can't guarantee instant results: It may take some time for a Google Ads campaign to deliver the desired results. The campaign needs to be continuously monitored and optimized to get the best out of it.

It may not cover all keywords: although Google Ads campaigns can cover a wide range of keywords, there are some specific keywords that may not be covered. In this case, it may be necessary to use alternative strategies such as SEO or content marketing to cover these keywords.

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