Background:
The case study focuses on a set of digital advertising campaigns run by a company, presumably named 'Expert Press' that specializes in IT-related services and consulting. The campaigns appear to be aimed at increasing visibility and engagement through various strategies such as search, retargeting and thought leadership.
Objectives:
To increase the number of quality leads (SQLs and MQLs).
To optimize the cost per conversion.
To maximize the overall conversions from the campaigns.
Strategy:
The company employed a variety of campaigns with different daily budgets and bid strategies, including:
The campaigns were run across different platforms with varying objectives such as 'Search,' 'Display,' and 'Discovery.'
Analysis:Campaign Performance Metrics:
Detailed Campaign Data (from the third image):
The 'Discovery - Retargeting - Expert Press - IT' campaign had the highest number of impressions (1,897) but a low conversion rate (1.92%).
The 'Get Featured In - Expert Press - IT' campaign had a much higher conversion rate (15.79%) and contributed to a significant portion of the conversion value ($34.50 out of $287.33 total conversion value).
The 'Search - Articles - IT' campaign showed a good balance of a high number of impressions (1,863), a fair conversion rate (11.95%), and a substantial conversion value ($132.61).
Conclusions:
- The campaigns have succeeded in generating a significant number of leads at a reasonable cost per conversion.
- The high conversion rate in certain campaigns suggests that targeting and ad content were effective for those segments.
- The varying performance across campaigns indicates that while some strategies were effective, others may need optimization
Recommendations:
- Campaign Optimization:
- Allocate more budget to the 'Get Featured In - Expert Press - IT' and 'Search - Articles - IT' campaigns, given their high conversion rates and values.
- Review the 'Discovery - Retargeting - Expert Press - IT' campaign to improve conversion rates, potentially by tweaking the ad copy or landing pages.
- Cost Management:
- Continue monitoring the cost per conversion, aiming to reduce it further through better targeting and ad optimization.
- Lead Quality Evaluation:
- Further assess the quality of SQLs and MQLs generated to ensure that they are translating into actual business opportunities.
- Retargeting Strategies:
- Enhance retargeting campaigns to improve click-through and conversion rates, which may involve creative testing or retargeting list refinement.