How to master bidding promotion?

How to master bidding promotion?

The number of consultations has not decreased, but the transaction volume is much lower. I checked the account and there is no problem. What is going on?

This may be due to competitors lowering product prices or using other promotional methods, resulting in a decrease in their own sales volume.

But if you wait until volume drops before analyzing your competitors, it may be too late. Therefore, bidding specialists should pay attention to the latest developments of competitors in real time.

Knowing your competitors is an important factor that we need to analyze when placing advertisements. On the one hand, by understanding our competitors, we can gain more information about users and delivery, etc.; on the other hand , by analyzing our competitors, we can develop account strategy plans that are more beneficial to ourselves.

1. Purpose of competitor analysis:

The search volume in the market is constant and decreasing. The increase or adjustment of competitors will affect our results.

Bidding promotion , Internet marketing is by no means a closed-door operation;

We analyze competitors in order to improve our conversion capabilities in a targeted manner;

2. What content should be analyzed specifically:

1. Whether the number of competitors increases:

1) Analysis basis: The number of impressions decreases, which means more competitors; the click-through rate decreases, which means competitors raise their prices;

2) Whether the competitor's promotion strategy and creativity have changed: various keyword rankings, creative styles and highlights;

3) Whether the competitor's load is optimized: whether the landing page is updated, whether the conversion point is changed;

4) Competitors’ sales pitch analysis: the sales pitch techniques used to attract customers;

3. Competitor Analysis Process:

1. Determine your goals

1) Clarify your own positioning: industry leader (large budget, strong strength), midstream enterprise, guerrilla (picking up bargains);

2) Competitor classification:

  • Industry leaders, goals to catch up with, objects to learn and imitate;
  • The strength is equal, so you should pay special attention to it. It is the biggest threat and can easily surpass you.
  • Scatterers, no threat, occasional attention;

3) Ways to learn about competitors: sales, online searches, company strength, channel layout, Weibo, WeChat, and recruitment information;

2. Competitor strategy analysis

1) Determine competitor channels through core keyword searches, specifically search for industry hot words and common words;

2) Search for brand words: Wenku, Weibo, Tieba, and soft articles;

3) Promote live tools and analyze the focus on PC and mobile;

4) Budget: Based on the keyword consumption of your own account and the online time, you can infer the budget and promotion strategy of your competitors.

5) Time period: Search for competitor ads at 8:00 a.m., 12:00 p.m., 4:00 p.m., 8:00 p.m., and 12:00 a.m.;

6) Region: Guangzhou, Shandong, Zhejiang, Jiangsu, Henan, Beijing, Shanghai, and high-traffic areas are the focus of attention. You should search for remote areas to see if there is any placement;

7) Keywords: industry general words, product model words, brand words, price words, manufacturer words, words with good results, words with poor results, use optimization consultants to optimize your bids;

3. Competitors’ creative analysis

1) Title technique: what features or activities does the title highlight, what advantages does the description emphasize;

2) Description: highlight the content that users care about around which needs;

3) Creative style: advanced style analysis, drawing on creative recognition tools;

4) Creative optimization skills: Creative optimization is a continuous process. Not all creatives are worth optimizing. Images attract attention, and titles determine clicks. Use optimization consultants to optimize creatives.

4. Competitor Page Analysis

1) Content layout: structural design and copywriting performance

2) Conversion button and reason:

  • Welcome
  • Company introduction, invitation box pop-up time, general question settings, etc.
  • Form, required items, what is the stimulating copy next to the form

3) Pop-up time and form placement

4) Conversion ability:

  • The invitation to join the franchise is highly provocative, with titles and copywriting
  • Education industry learns section design and section logic
  • Picture introduction to e-commerce

5. Competitor conversion analysis

1) Online customer service conversion capability

Chat with competitors: See how they ask for clues and throw difficult questions to them. If your competitors are not good enough, you can look for companies in similar industries.

2) Sales follow-up

How long will it take to contact after leaving your number?

After not explicitly rejecting, contact several times

After rejection, will you still contact me?

Final words

Bidding is not just about optimizing accounts. Only by optimizing the system from the carrier end and the conversion end can the effectiveness of bidding promotion be comprehensively improved. The only way to break away from account thinking is to become a high-paid bidder who controls the results.

Author: Houchang College

Source: Houchang College (semlianmeng)

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