A recent survey of pay-per-click advertising platform vendors by PPC Summit reveals significant shifts in paid search marketing strategies. Among them, bid management, which historically has been the cornerstone of paid search optimization, has become just one of many elements affecting the effectiveness pay-per-click (PPC) advertising programs. In line with the shift, vendors are expanding their product offerings and search marketers are altering their paid search strategies and practices.
“Historically, bid management has been focused on optimizing position and keyword costs but it has become clear that other factors affect overall ROI and competitiveness,” said Lisa Morgan, the report’s principal analyst and CEO of Strategic Rainmakers. “Although position and keyword costs remain important factors, search marketers also want to drive process and integrated marketing efficiencies.”
The 2010 PPC Management and Optimization report profiles 14 of the leading PPC management and optimization vendors that have traditionally been categorized as bid management vendors. The report also includes the results of in-depth interviews with the vendors and 27 of their agency and enterprise customers.
Only two of 14 vendors profiled in the report consider “bid management” an accurate characterization of their product offerings. The other 12 say bid management is only part of what they do because their products now provide considerably broader functionality. Although features varies from vendor to vendor, there are now three fundamental feature sets that include bid management, campaign management, and reporting.
The expanded features are typically integrated so the data collected for reporting purposes can be used to optimize bid, position, ROI, margin and other factors. The feature expansion is also affecting paid search function automation, and allows for more granular forms of conversion attribution. According to the report, the expanded functionality enables greater efficiencies at more levels that collectively improve bottom-line results.
Available now in two versions, both profile vendors and their products, and include in-depth buyer’s guide.
- Professional Edition: for paid search practitioners, covers interviews and tool acquisition processes, outcomes, and tips for identifying and selecting paid search tools. (150+ pages for $399).
- Executive Edition: for executives and managers who oversee paid search programs, a summarized version of the same information designed for fast readability and streamlined decision making. The Executive Version includes tips for more effectively approving and overseeing the purchase of paid search tools. (Available for $299)
To purchase the reports or to download a complimentary report preview, go to 2010 Pay Per Click (PPC) Management and Optimization report.
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