If you’re a business or website owner, you’ve probably heard one of the many acronyms and terms used to describe online advertising. “PPC”, “SEM”, “paid search”, “display advertising” or simply “paid media” are among the most common terms to describe sponsored content delivered via search engines and website pages across the web. You’ve seen banner ads while reading the news. You’ve probably clicked on ads in search results at one point or another without even realizing what it was. Online advertising is such a big part of our day-to-day lives that we barely notice it.
So what does this mean for you as a business owner, looking to leverage your website as a lead generation tool? It means that you have to have a presence on these advertising networks equal to or better than your competitors. Now, I’ll often hear something along the lines of: “I don’t have the budget to match my large competitors, but I want my business to grow. What can I do?”
The answer is actually quite simple: You don’t have to waste money targeting everyone – like many of your competitors likely are. The key to success is to target only the right prospects. This strategy is called Account-Based Marketing. Many channels are involved in account-based marketing online, and PPC is one of them. There are many ways to leverage PPC in an account-based marketing strategy. Here are some tricks of the trade!
1. Remarketing to your email list
Google Adwords allows advertisers to import email lists of existing subscribers to create what advertisers call “remarketing” campaigns. These campaigns are powerful because they allow you to choose at a granular level who will see your ads. Once a user is in a remarketing list, you can craft unique messaging, specific to that segment, highlighting a deal or promotion to drive them further down the funnel.
2. Understanding your current customers
Ok, so this one isn’t “ABM” per say, but understanding your current customers’ day-to-day pains and the solutions, or “gains” your business provides them is a crucial part of crafting messaging to new prospects. Understanding your current customers in order to choose keywords that will be relevant to your list of prospects is the key to success. Ask your current customers if you can interview them.
Want to bring more prospects into your funnel but don’t know exactly who they are? Try some of these techniques to build your prospect list while maintaining the core characteristics of your best converting customers
3. Lookalike audiences on Facebook
Lookalike audiences are exactly what they sound like; audiences that “look-alike” or are similar to other audiences you currently have in your account. Say you have an audience that consistently performs well for your Facebook ads. Using this list, we can create a lookalike audience and Facebook will automatically find users that mirror the list’s demographic, psychographic, and purchasing characteristics. No more guessing which additional segments to target, Facebook rounds up a list of prospects for you!
4. Similar audience lists on Adwords
Similar audience lists are another powerful ad hack that many search engine marketers have in their toolkit. Similar to Lookalike audiences, the lists are built by Google based on the demographic and psychographic characteristics of your original list. These lists can be applied to campaigns across the Google Display Network, Search Network, and even Google Shopping (the side bar featuring products that shows up when you search a purchasable product).
5. You’ve heard it a million times… Content is King
Many times marketers use this phrase to describe the importance of incorporating well-written blogs and social media posts into your marketing mix, but this idiom also applies to front-end products and sales collateral. What type of valuable content can your business leverage as a lead magnet? You likely already have content that you could easily re-purpose as a gated resource to get users in your funnel. Gated content means an email address needs to be entered to access the information.
Once you have this resource, use CTAs (strong Call-To-Action words, like Shop Now or Download The Guide) and ad copy to promote it via paid channels. This increases CTR (the Click-Through-Rate, or how many people click your ad), traffic, and you guessed it – LEADS. Try crafting this collateral in such a way that you’ll weed out unqualified leads and only speak directly to your ideal prospect list.
Paid digital channels can produce quicker results than most online marketing channels. For this reason, many focus solely on PPC and forget that it is just one part of the marketing machine (albeit, a very crucial part). It’s important to keep in mind how your PPC initiatives play into the BIG picture and affect/support your other marketing tactics. Using paid channels to target hyper-niche segments of pre-qualified prospects is the best way to get the most out of your media budget.