It only takes 3 steps to reduce the cost of information flow advertising. Which step have you taken?

It only takes 3 steps to reduce the cost of information flow advertising. Which step have you taken?
Dear optimizer friends, have you ever encountered these two situations?

1. The budget in the account cannot be spent, and the plan is made but cannot be displayed;

2. The budget spent did not bring effective conversions , and users saw the ads but did not register.

Miao Zhongsheng, an optimizer from Baidu Shenzhen Branch, told this real case to the Feed Research Group of Baidu Advertising Creative Department.

Case Background

One of the clients of Shenzhen optimization specialist Miao Zhongsheng is Jiaoguan Weidaiyi, a highly competitive financial services platform. It mainly focuses on real estate mortgage loans, car mortgage loans, personal consumption loans, corporate operating loans and other services. It is invested by a domestic venture capital company with more than ten years of experience and has a professional service team and rich media resources. Since 2014, it has provided financial consulting services to more than 100,000 local customers in Shenzhen and successfully handled financial business for more than 10,000 customers.

Jiaoguan Weidaiyi is highly competitive among its peers, but unexpectedly, the advertising effect is not good. We just encountered the two problems we started with:

1. Low ad impressions ;

2. The advertising conversion cost is high.

Why is this happening? The Feed Research Team of Baidu’s Advertising Creative Department learned about the current advertising situation from optimizers, and began to analyze the reasons and formulate strategies.

▼ Optimization strategy
1. Optimize targeting
● Before optimization
Jiaoguan Weidaiyi adopts intent-based targeting and has set up more than 200 targeted words, most of which contain words such as "loan".
Issues to be optimized
According to the current targeting, the target audience covered by the 200 targeted intent words is relatively small, which limits the amount of advertising displayed.
Optimization plan
According to the information provided by the advertiser, Jiaoguan Weidaiyi is mainly engaged in mortgage loans and unsecured loans, and is suitable for people aged 18-34, who are office workers, have social security and provident funds, own houses or cars and are taking out loans. In addition, since the advertiser's main business is in Shenzhen, users in the Shenzhen area need to be paid special attention.

Therefore, the optimizer added intent words such as "red book loan process", "shop decoration loan", "bank policy loan", "Shenzhen loan of 1 million", "high-value mortgage loan", and "Shenzhen loan conditions" based on the characteristics of the target users, increasing the total to 786.

Optimization effect
After adding intent words, the ad display volume has increased significantly. The original display volume was 59,000, and the display volume after optimization and re-delivery was 100,000, an increase of 69.5%.

 Optimization Key
Combining the optimization process just now, we have summarized two key points to improve display: 1. Analyze target users for targeting;

2. Add targeted intent words to improve display opportunities;

2. Optimize titles
Before optimization
Jiaoguan Weidaiyi has put out multiple headlines, here are two of them: 1. You can borrow 500,000 yuan without collateral, as long as you have social security! CTR : 0.11%

2. Don’t control yourself, spend the 100,000 yuan consumer loan

CTR: 0.34%

Obviously, the CTR of these two copywritings is far below the industry average.

Issues to be optimized
After reading the original copy, the Feed Research Team of Baidu Advertising Creative Department pointed out these three questions: 1. Can the original copy attract the attention of target users?

To attract the attention of target users, we first need to clarify what kind of people the target users are, and then point out through the title copy: "Attention, this group of people, there is a message here that needs your attention!"

However, the description of the target users in these two copywritings is limited to one sentence: "have social security", which is obviously not accurate enough.

2. Does the original copy hit the user’s pain points?

The copy mentions “no mortgage required”, is this the point that users are most concerned about?

Suppose I am an ordinary borrower, and there is an advertisement telling me that I can borrow 500,000 yuan without any collateral, would I worry that this is a loan shark trap? How much interest do I need to pay after taking out the loan?

What users really care about is not necessarily the mortgage issue, but more likely the interest issue after taking out a high loan.

Reference: According to Baidu Index, in searches related to "loan", "interest" and "interest rate" appear more frequently than "unsecured"! 3. Can the original copy gain the trust of users?

When it comes to money, especially borrowing, Chinese people are generally cautious and want to control risks.

However, statements in the copy such as “you can borrow money without collateral” and “you don’t have to control yourself” inevitably seem to advocate hedonism, which can easily make users distrustful: Is a platform that “incites” me to borrow money and consume high amounts of loans really reliable?

Optimization plan
Now that we know the problem that needs to be optimized, how do we optimize the creativity? The Feed Research Team recommends some good ideas for optimizers to consider:

#{Region}# If you have paid social security for more than one year, you can apply for a maximum credit limit of 500,000. If you miss it today, it will be gone!

#{Region}#The bank is crying, the interest for borrowing money here is only 0 yuan! The credit limit is as high as 5,000 and the funds will be credited to your account in 1 minute!
These two creatives use dynamic regional word packages, which can automatically adjust the region in the creative according to the location of the target audience; and use a tone of "if you miss it today, it will be gone" to increase the sense of scarcity, prompting users to act quickly.
After optimization
Based on the suggestions of the Feed Research Team of the Advertising Creative Department, the optimizer optimized the original copy. This is the optimized copy: 1. Pay Shenzhen social security for one year and apply for 300,000 and get the money on the same day!

2. The bank is crying. The interest rate for borrowing money here is only 10 yuan, and the credit limit is as high as 100,000!

The optimized copy provided a clearer description of the target users, introduced the selling point of low interest rates, and adjusted the previous more inflammatory tone to make users feel more at ease.

 Optimization effect
After re-launching, CTR increased from the original 0.11% and 0.34% to 1.15% and 1.81%, an increase of 4-9 times.
Optimization key
Combining the optimization process just now, we have summarized three key points to improve the effect: 1. Identify the problems with the original copy;

2. Use some creative tools to find good copywriting for the problems of the original copywriting; (Refer to the historical article Baidu information flow advertising , there is actually this magic tool hidden!)

3. Optimize the original copy by referring to good copy;

3. Optimize your landing page
Before optimization
This is the landing page of Jiaoguang Weidaiyi:
Issues to be optimized
After reviewing the landing page, the optimizer and the Feed Research Team of Baidu’s Advertising Creative Department discussed these three questions: 1. Can the landing page header image continue the selling points mentioned in the title?

Our main selling points in the title are "You can get a loan if you have social security" and "Low interest rate". Most of the users who click in hope to get an unsecured, low-interest loan, but they are not necessarily in urgent need of the money.

However, the landing page header only contains one sentence “If you need money urgently, contact us”, which has nothing to do with the selling point in the title and can easily make users feel awkward.

2. Can a selling point without objective basis impress users?

The core position of the landing page lists the selling points of high credit limit, fast loan approval, safety and reliability, and low interest rate, but the description of each selling point is not objective.

For example, how high is the high limit? Is it high enough to meet user needs?

Putting the two selling points of "high credit limit" and "credit limit up to 1 million" together, which one would users be more accepting of?

Obviously, users are more easily impressed by selling points that are well-reasoned and substantiated.

3. Will cumbersome forms cause users to leave ?

The form in the original landing page has 4 required items, one of which requires receiving and filling in a verification code. Will the cumbersome form make users unwilling to fill in the form?

Many times, users who were originally interested will choose to quit because they are afraid of trouble.

 Optimization plan
So how do you optimize your current landing page? In response to the above three problems, optimizers mainly optimized the landing page’s header slogan, the way product selling points are presented, and the content calling on users to fill out the form.

The optimized results are as follows

On the optimized landing page, the sentence "Easy loan with insurance policy" is written in the most conspicuous position of the header image, which continues the selling point of "You can get a loan if you have social security" in the title. In addition, "high credit limit", "low interest rate" and "fast loan approval" were replaced with "credit limit up to 1 million", "interest rate starting from 0.67" and "loan approval as fast as 1 day", which appear more attractive.

Finally, the new landing page reduces the amount of content collected in the form to three items, making it easier for users to fill out the form.

Optimization effect
After the launch, more users registered with the same budget and the effective registration cost was reduced by 11.4%.
Optimization key
Combining the optimization process just now, we have summarized three key points to improve conversion effects: 1. The landing page header image takes over the selling point in the title

2. Presenting data when describing selling points is more attractive

3. Simplify forms to reduce user churn

Optimization effect
Finally, let's summarize the results of this optimization: 1. After optimizing the targeting, the display increased by 69.5%

Key method : Add targeted intent words to improve display opportunities . 2. CTR increases 4-9 times after optimizing the title.

Key method : Use creative search tools to optimize copywriting and increase clicks . 3. After optimizing the landing page, the effective registration cost decreased by 11.4%

Key method : Optimize landing pages and improve conversion effects. This is obviously a successful optimization, with significant improvements in display, CTR, and conversion effects.

Dear optimizers, this is the financial services industry case we shared today. Stay tuned and there will be more cases to come!

The author of this article is @Houchangcun Advertising Bureau and it is compiled and published by (Qinggua Media). Please indicate the author information and source when reprinting!

Product promotion services: APP promotion services, information flow advertising, advertising platform

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