What is PPC Management and How You Can Take Advantage Of It To Maximize Revenue

When it comes to getting traffic, you have two main choices: SEO or PPC management. Both options are an effective means of driving prospects to your website, and one isn’t necessarily better than the other.

When used correctly, these methods can deliver results. They just have different ways of achieving them.

Ad spending is projected to grow 7.61 percent yearly through 2026, proving companies see the value in PPC strategies. This article teaches you to get the most out of your PPC campaigns.

What Is PPC Management?

PPC management refers to the spending and strategy behind your paid ad campaigns, including:

  • the keywords you target
  • the SEM strategies you choose
  • the copy you use in your paid ads
  • the metrics you track and tools you use to track them
  • campaign optimization
  • A/B testing

You could manage your PPC ads yourself or consider using PPC management software for some areas. However, it’s a complex endeavor, and you may find you’re losing money if you don’t have a precise plan.

Therefore, many businesses choose to work with a digital agency to maximize their spending and conversions.

Once you choose to work with an agency, they take over your PPC management campaign for you and suggest changes to maximize the effectiveness of your ad.

Why You Need a PPC Management Strategy to Increase Revenue

When implemented correctly, your PPC management approach forms the backbone of a successful online marketing campaign; it’s a great way to get your business noticed in a crowded marketplace and generate fresh leads.

However, without a strategy in place, it’s a struggle to attract the prospects that are most likely to convert, but there are other reasons you need a plan.

A well-targeted PPC management campaign:

  • Raises your profile: Whichever niche you’re in, the competition is vast out there. Getting noticed means getting your business in front of the right people, and a well-drawn-up plan can enable you to achieve this.
  • Creates the right ads at the right time: To attract the right people, you need to send your ads to the sites where people are looking for products or services like yours. An effective strategy ensures you know who you’re targeting, why you’re targeting them, and when. This tailored PPC campaign management approach often significantly impacts your success rates. One agency found its client’s CTRs increased by 39 percent, and conversions increased by an incredible 78 percent.
  • Reduces your cost of conversions: When you know who your audience is, you spend less money. For example, when Hootsuite used an agency to assist with its PPC management, it streamlined its strategy and lowered cost per conversion by 28 percent.
  • Discovers new keywords: Whether you’re using PPC management software to discover new keywords or working with an agency, new keywords can equal more business. After some changes, Hootsuite found that 51 percent of its new custom came from additional keyword research.
  • Leads to more conversions: You can considerably increase conversion rates when you optimize your ads.

PPC Management Responsibilities

The main PPC campaign management responsibilities are analyzing and optimizing your PPC ads. This includes analyzing data, identifying trends, and improving the ads.

Other responsibilities cover creating a strategy for paid search, managing budgets, setting up ad groups and keywords, along with bidding strategies.

Then there is:

  • researching and implementing new strategies
  • creating reports on campaign performance and making recommendations
  • completing keyword and competitive analysis
  • keeping track of Google updates
  • managing the budget of campaigns, so they are in line with company goals
  • copy creation and channel targeting

Completing these tasks requires expertise and a wide range of skillsets to achieve the best returns, so some advertisers prefer to use an agency.

PPC Management Strategies to Increase Revenue

There’s more than one way to use ads as part of effective PPC campaign management. Below, we explain some of the most popular approaches, how to use them, and explain why you need them.

Let’s start with A/B testing your CTAs.

1. A/B Test Your CTAs

Not getting the results you want? Then try A/B testing.

A/B testing is the process of comparing two versions of an advertising asset. Aside from your PPC ads, you can split test your emails, web pages, videos, emails, and other types of content to see which one performs better.

As part of your PPC campaign management, you can test your PPC ads:

  • text
  • colors
  • ROI, etc.

However, you want to give special attention to your CTAs to understand which ones get your prospects clicking through and arriving at your marketing page.

HubSpot suggests taking a three-pronged approach to testing your CTAs.

  1. Be specific. You don’t want to run ads with a ton of individual differences, like an array of colors or text. You need to ask yourself some questions first to get meaningful results. For example, do you want to test the wording? Visuals? Placement? Test each ad for one element at a time.
  2. Vary your CTAs. Here, you want similar CTAs that provide the same information but are phrased differently. You could also test components like your CTA placement, color, size, text, etc. Even the most minor changes to a CTA can make a significant difference. Brad Shorr, Director of Content & Social Media for Straight North In Chicago, recently tested the following CTAs:

A. Get $10 off the first purchase. Book online now!.

B. Get an additional $10 off. Book online now.

There’s not a massive difference in the CTAs, but “B” won every time.

  1. Pick a date range, measure your results, and optimize.

2. Use Negative Matching Techniques

An essential part of your PPC management is not spending unnecessary money on ads. There’s a simple way to save money, and it’s called negative matching or negative keywords.

For example, drug development company Nuventra experienced a 70 percent cost savings per lead and a 500 percent boost in conversions when an agency used negative keywords as part of its PPC management.

If you’re not familiar with them, negative keywords are words and phrases you don’t want your ads to show up on. They’re a great way to get super specific with your targeting, and they can keep your ads from showing up on irrelevant searches.

For instance, if you have a PPC campaign for the term “athletic sneakers,” but you don’t want to show up on searches containing the phrase “running shoes,” then add “-running shoes” as a negative keyword.

As Google explains, excluding search terms lets you focus on the keywords most relevant to your customers, and the improved targeting can enhance your ROI.

For a simple way to implement negative keywords, try a free PPC management software tool like WordStream. You just:

  • add a broad term relevant to your sector
  • choose your industry
  • pick your country
  • wait for the keyword list to popularize
  • list any irrelevant keywords

You can also use Google’s keyword planner and the search terms report. Google advises that you “look for terms that don’t fit your business model among the queries where you’ve received traffic or in the keywords suggested to you in the course of planning.”

And, “In addition to reviewing the stats in these reports, also look for the intent behind a search.”

Alternatively, use a tool like Ubersuggest to find negative keywords.

3. Make Sure Your Ads Look and Sound Like Organic Results

PPC ads are often the first impression a customer has of your company. Therefore, t’s important to ensure they’re well-designed, well-written, and sound like organic results.

This means that your ad copy should be written in a natural, conversational tone and should not sound like you are trying to sell something. Further, natural-sounding copy is more:

  • engaging
  • persuasive
  • compelling

However, that’s not all you also need to think about. You need to look at natural language processing (NLP) and the role it can play in your SEO strategy.

NLP is becoming a much greater part of our everyday lives, and by 2026, the sector is set to be worth $27.16 billion. Considering its growth and its application to marketing, you can guarantee we’re going to see more of it, so you can’t ignore it.

If you haven’t heard of NLP, it’s a subcategory of AI; if you use predictive text, search on Google, or use a voice assistant, you’re already using it.

NLP is important to marketers because consumers don’t just use keyword-based questions. They use complete questions, which look more akin to long-tail search queries.

For instance:

U.S. States vs. How many states are there in the U.S?

Reconditioned smartphone vs. Where can I buy a reconditioned smartphone?

Keyword analysis vs. What is the best tool for keyword analysis?

There’s another factor to consider: the surge in voice search.

The growth in smart speakers like Alexa is undeniable. According to the analyst company Canalys, the smart speaker market was set to reach 163 million units by 2021.

This growth makes it even more vital that your PPC ads look and sound natural. Below are some tips to optimize your ads for voice search.

  • use short, concise sentences and phrases when writing your ad copy
  • add keywords that are relevant to what you’re advertising
  • include a call-to-action at the end of your ad copy so that people know what they should do next
  • understand user intent
  • answer your audience’s questions and address their pain points
  • use long-tail keywords

4. Use Display Advertising

Display advertising is a form of internet advertising that has become increasingly popular in recent years and includes text, banners, and images,

Although search ads are the most popular, display advertising is growing. According to research published by eMarketer, display advertising grew 41.2 percent in 2021, with ad spend climbing to $105.99 billion and it will continue to grow.

One of the best ways to include display ads as part of PPC campaign management is to have a detailed plan in place first. Decide what type of ads to run, what keywords to target, and how much your budget is.

If your finances are tight, focus your efforts on the best-performing ads and keywords. This approach allows you to get the most out of your advertising dollars without constantly tweaking your campaigns.

Finally, for this section, here are some best practices for display advertising:

  • include a mix of ad types to maximize engagement with your audience
  • use quality images to draw attention to your ads
  • create a call to action
  • A/B test your ads
  • include keywords

5. Optimize Your Site for Mobile

In 2020, there were 211 million mobile phone searchers in the United States alone. Fast forward to the fourth quarter in 2021, and 54.4 percent of global web traffic came from mobile.

Further, according to research from Adobe, while mobile shopping has hit a bit of a wall, 57 percent of consumers use their mobiles for browsing.

The message is clear: you need to accommodate mobile visitors.

Put yourself in your customer’s shoes for a moment.

You’re on your smartphone. You click on an email link or a search ad, keen to find out more.

However, the print is so tiny you can’t read it, the images aren’t clear, and you can’t see the information you want to complete the purchase.

What do you do? Wait until you’re on your laptop and click-through then? Maybe. If you remember. Most likely, you click away, don’t go back, and find a competitor.

You see, PPC management doesn’t stop with your online ads. It needs to continue into your landing page, website, or blog, so your prospects have the best experience.

How can you achieve this? By making your prospect’s destination user-friendly and optimizing your site by:

  • creating a responsive website design
  • using a fluid grid and fluid images to make sure content is readable on any device
  • optimizing site navigation so it’s easy to use with one hand
  • making certain text is readable on small screens without zooming in or out
  • ensuring the site loads quickly by minimizing images and removing unnecessary files

6. Create Text Ads

Text ads are the most common form of online advertising. They are usually short, with just a few lines of text and a link to the advertiser’s website.

Google defines text ads as, “a form of marketing communication that advertisers can use to promote their product or service on the Google Network.”

Text ads are shown on SERPs as sponsored links, which have been paid for by advertisers as part of a PPC management campaign and throughout Google’s Display Network (GDN), which includes:

  • websites displaying Google ads
  • mobile devices
  • apps
  • google online platforms such as YouTube and Gmail

To make the most of text ads:

  • include keywords
  • address your audience’s pain points
  • explain the benefits of your product/service
  • include affiliate and sidelink ad extensions
  • add numbers
  • detail the benefits

Finally, use CTAs that get customers to take the next step and purchase, like in this example by Pizza Pizza.

PPC Management Google text ad

7. Create Native Ads

According to the 2021 PageFair Adblock report, desktop adblocking grew 8 percent to 257 million users, while mobile ad blocking grew 10 percent to 586 million users. However, the research also found that Adblock users were more likely to accept less intrusive adverts.

That’s where native ads come in.

These ads don’t impact the user’s experience the same way some other ads do.

Native ads are advertisements that match the style and format of the other content on a website. In other words, they look like articles, videos, website banners, and other forms of content on a webpage. Examples are sponsored posts on social media or “sponsored stories” on Instagram.

Assuming you’re using Google, you can create native ads by:

  • signing in to Google Ad Manager
  • clicking delivery and selecting “native”
  • picking “new native ad single ad”
  • choose the type of ad (guided design editor for programmatic and traditional ads, the HTML and CSS editor, or the Android and iOS app code)

Best practices for native ads include:

  • knowing your audience and targeting them
  • using a compelling headline to draw readers in
  • creating an engaging visual
  • keeping them consistent with your brand
  • providing useful information or entertainment
  • including hyperlinks to drive people to your site
  • using a variety of formats
  • ensuring ads are responsive

PPC Management Frequently Asked Questions

Who should hire a PPC manager or agency?

If you don’t want to wait for your SEO strategy to kick in, then you might want to consider finding a PPC manager or agency to implement a PPC management campaign.

PPC is a proven way of getting targeted traffic to your site. However, even though you can manage various aspects of your advertising, like keyword analysis with PPC management software, you can still benefit from some expertise.

Regardless of the size of your budget, a PPC agency ensures you’re spending your budget wisely and implementing a solid strategy.

Can you manage your own PPC campaigns?

You could manage your PPC campaigns, but this often means a lot of trial and error and perhaps some financial losses along the way. Successful campaigns take skill and strategy and, therefore, may be more successful when you employ a digital agency to implement them for you.

What are the top e-commerce PPC marketing management tips?

You can identify the keywords that will resonate with your target audience; create an e-commerce ads campaign; segment your ads for better targeting; use remarketing; A/B test ads; advertise on a variety of channels, such as Facebook, Instagram, Twitter, and YouTube to reach new customers and widen the reach of your campaign; and use Google AdWords or Bing Ads for search engine optimization (SEO) purposes.

Does a PPC manager help you decide how much to spend on paid ads?

A PPC manager provides recommendations based on your aims and explains key information like your cost per acquisition, cost per click, and what you can achieve. However, the final decision on how much of your budget you want to assign to PPC is down to you.

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Conclusion: PPC Marketing Management

For many businesses, effective PPC management is an essential part of growing their businesses and attracting qualified leads to their websites.

However, for the inexperienced, PPC campaign management often leads to costly mistakes if you’re unsure of the precise tactics you should be using.

You could use PPC management software tools to find keywords, monitor the results, and optimize when you’re starting.

Nevertheless, you may find it easier to leave the learning curve to others and enhance your chances of PPC success by outsourcing to an award-winning digital market agency.

Which PPC management techniques do you use, and how have they helped your business?

The post What is PPC Management and How You Can Take Advantage Of It To Maximize Revenue appeared first on Buy It At A Bargain – Deals And Reviews.

What is PPC Management and How You Can Take Advantage Of It To Maximize Revenue

When it comes to getting traffic, you have two main choices: SEO or PPC management. Both options are an effective means of driving prospects to your website, and one isn’t necessarily better than the other.

When used correctly, these methods can deliver results. They just have different ways of achieving them.

Ad spending is projected to grow 7.61 percent yearly through 2026, proving companies see the value in PPC strategies. This article teaches you to get the most out of your PPC campaigns.

What Is PPC Management?

PPC management refers to the spending and strategy behind your paid ad campaigns, including:

  • the keywords you target
  • the SEM strategies you choose
  • the copy you use in your paid ads
  • the metrics you track and tools you use to track them
  • campaign optimization
  • A/B testing

You could manage your PPC ads yourself or consider using PPC management software for some areas. However, it’s a complex endeavor, and you may find you’re losing money if you don’t have a precise plan.

Therefore, many businesses choose to work with a digital agency to maximize their spending and conversions.

Once you choose to work with an agency, they take over your PPC management campaign for you and suggest changes to maximize the effectiveness of your ad.

Why You Need a PPC Management Strategy to Increase Revenue

When implemented correctly, your PPC management approach forms the backbone of a successful online marketing campaign; it’s a great way to get your business noticed in a crowded marketplace and generate fresh leads.

However, without a strategy in place, it’s a struggle to attract the prospects that are most likely to convert, but there are other reasons you need a plan.

A well-targeted PPC management campaign:

  • Raises your profile: Whichever niche you’re in, the competition is vast out there. Getting noticed means getting your business in front of the right people, and a well-drawn-up plan can enable you to achieve this.
  • Creates the right ads at the right time: To attract the right people, you need to send your ads to the sites where people are looking for products or services like yours. An effective strategy ensures you know who you’re targeting, why you’re targeting them, and when. This tailored PPC campaign management approach often significantly impacts your success rates. One agency found its client’s CTRs increased by 39 percent, and conversions increased by an incredible 78 percent.
  • Reduces your cost of conversions: When you know who your audience is, you spend less money. For example, when Hootsuite used an agency to assist with its PPC management, it streamlined its strategy and lowered cost per conversion by 28 percent.
  • Discovers new keywords: Whether you’re using PPC management software to discover new keywords or working with an agency, new keywords can equal more business. After some changes, Hootsuite found that 51 percent of its new custom came from additional keyword research.
  • Leads to more conversions: You can considerably increase conversion rates when you optimize your ads.

PPC Management Responsibilities

The main PPC campaign management responsibilities are analyzing and optimizing your PPC ads. This includes analyzing data, identifying trends, and improving the ads.

Other responsibilities cover creating a strategy for paid search, managing budgets, setting up ad groups and keywords, along with bidding strategies.

Then there is:

  • researching and implementing new strategies
  • creating reports on campaign performance and making recommendations
  • completing keyword and competitive analysis
  • keeping track of Google updates
  • managing the budget of campaigns, so they are in line with company goals
  • copy creation and channel targeting

Completing these tasks requires expertise and a wide range of skillsets to achieve the best returns, so some advertisers prefer to use an agency.

PPC Management Strategies to Increase Revenue

There’s more than one way to use ads as part of effective PPC campaign management. Below, we explain some of the most popular approaches, how to use them, and explain why you need them.

Let’s start with A/B testing your CTAs.

1. A/B Test Your CTAs

Not getting the results you want? Then try A/B testing.

A/B testing is the process of comparing two versions of an advertising asset. Aside from your PPC ads, you can split test your emails, web pages, videos, emails, and other types of content to see which one performs better.

As part of your PPC campaign management, you can test your PPC ads:

  • text
  • colors
  • ROI, etc.

However, you want to give special attention to your CTAs to understand which ones get your prospects clicking through and arriving at your marketing page.

HubSpot suggests taking a three-pronged approach to testing your CTAs.

  1. Be specific. You don’t want to run ads with a ton of individual differences, like an array of colors or text. You need to ask yourself some questions first to get meaningful results. For example, do you want to test the wording? Visuals? Placement? Test each ad for one element at a time.
  2. Vary your CTAs. Here, you want similar CTAs that provide the same information but are phrased differently. You could also test components like your CTA placement, color, size, text, etc. Even the most minor changes to a CTA can make a significant difference. Brad Shorr, Director of Content & Social Media for Straight North In Chicago, recently tested the following CTAs:

A. Get $10 off the first purchase. Book online now!.

B. Get an additional $10 off. Book online now.

There’s not a massive difference in the CTAs, but “B” won every time.

  1. Pick a date range, measure your results, and optimize.

2. Use Negative Matching Techniques

An essential part of your PPC management is not spending unnecessary money on ads. There’s a simple way to save money, and it’s called negative matching or negative keywords.

For example, drug development company Nuventra experienced a 70 percent cost savings per lead and a 500 percent boost in conversions when an agency used negative keywords as part of its PPC management.

If you’re not familiar with them, negative keywords are words and phrases you don’t want your ads to show up on. They’re a great way to get super specific with your targeting, and they can keep your ads from showing up on irrelevant searches.

For instance, if you have a PPC campaign for the term “athletic sneakers,” but you don’t want to show up on searches containing the phrase “running shoes,” then add “-running shoes” as a negative keyword.

As Google explains, excluding search terms lets you focus on the keywords most relevant to your customers, and the improved targeting can enhance your ROI.

For a simple way to implement negative keywords, try a free PPC management software tool like WordStream. You just:

  • add a broad term relevant to your sector
  • choose your industry
  • pick your country
  • wait for the keyword list to popularize
  • list any irrelevant keywords

You can also use Google’s keyword planner and the search terms report. Google advises that you “look for terms that don’t fit your business model among the queries where you’ve received traffic or in the keywords suggested to you in the course of planning.”

And, “In addition to reviewing the stats in these reports, also look for the intent behind a search.”

Alternatively, use a tool like Ubersuggest to find negative keywords.

PPC Management Semrush negative keyword

3. Make Sure Your Ads Look and Sound Like Organic Results

PPC ads are often the first impression a customer has of your company. Therefore, t’s important to ensure they’re well-designed, well-written, and sound like organic results.

This means that your ad copy should be written in a natural, conversational tone and should not sound like you are trying to sell something. Further, natural-sounding copy is more:

  • engaging
  • persuasive
  • compelling

However, that’s not all you also need to think about. You need to look at natural language processing (NLP) and the role it can play in your SEO strategy.

NLP is becoming a much greater part of our everyday lives, and by 2026, the sector is set to be worth $27.16 billion. Considering its growth and its application to marketing, you can guarantee we’re going to see more of it, so you can’t ignore it.

If you haven’t heard of NLP, it’s a subcategory of AI; if you use predictive text, search on Google, or use a voice assistant, you’re already using it.

NLP is important to marketers because consumers don’t just use keyword-based questions. They use complete questions, which look more akin to long-tail search queries.

For instance:

U.S. States vs. How many states are there in the U.S?

Reconditioned smartphone vs. Where can I buy a reconditioned smartphone?

Keyword analysis vs. What is the best tool for keyword analysis?

There’s another factor to consider: the surge in voice search.

The growth in smart speakers like Alexa is undeniable. According to the analyst company Canalys, the smart speaker market was set to reach 163 million units by 2021.

This growth makes it even more vital that your PPC ads look and sound natural. Below are some tips to optimize your ads for voice search.

  • use short, concise sentences and phrases when writing your ad copy
  • add keywords that are relevant to what you’re advertising
  • include a call-to-action at the end of your ad copy so that people know what they should do next
  • understand user intent
  • answer your audience’s questions and address their pain points
  • use long-tail keywords

4. Use Display Advertising

Display advertising is a form of internet advertising that has become increasingly popular in recent years and includes text, banners, and images,

Although search ads are the most popular, display advertising is growing. According to research published by eMarketer, display advertising grew 41.2 percent in 2021, with ad spend climbing to $105.99 billion and it will continue to grow.

PPC Management eMarketer forecast

One of the best ways to include display ads as part of PPC campaign management is to have a detailed plan in place first. Decide what type of ads to run, what keywords to target, and how much your budget is.

If your finances are tight, focus your efforts on the best-performing ads and keywords. This approach allows you to get the most out of your advertising dollars without constantly tweaking your campaigns.

Finally, for this section, here are some best practices for display advertising:

  • include a mix of ad types to maximize engagement with your audience
  • use quality images to draw attention to your ads
  • create a call to action
  • A/B test your ads
  • include keywords

5. Optimize Your Site for Mobile

In 2020, there were 211 million mobile phone searchers in the United States alone. Fast forward to the fourth quarter in 2021, and 54.4 percent of global web traffic came from mobile.

Further, according to research from Adobe, while mobile shopping has hit a bit of a wall, 57 percent of consumers use their mobiles for browsing.

The message is clear: you need to accommodate mobile visitors.

Put yourself in your customer’s shoes for a moment.

You’re on your smartphone. You click on an email link or a search ad, keen to find out more.

However, the print is so tiny you can’t read it, the images aren’t clear, and you can’t see the information you want to complete the purchase.

What do you do? Wait until you’re on your laptop and click-through then? Maybe. If you remember. Most likely, you click away, don’t go back, and find a competitor.

You see, PPC management doesn’t stop with your online ads. It needs to continue into your landing page, website, or blog, so your prospects have the best experience.

How can you achieve this? By making your prospect’s destination user-friendly and optimizing your site by:

  • creating a responsive website design
  • using a fluid grid and fluid images to make sure content is readable on any device
  • optimizing site navigation so it’s easy to use with one hand
  • making certain text is readable on small screens without zooming in or out
  • ensuring the site loads quickly by minimizing images and removing unnecessary files

6. Create Text Ads

Text ads are the most common form of online advertising. They are usually short, with just a few lines of text and a link to the advertiser’s website.

Google defines text ads as, “a form of marketing communication that advertisers can use to promote their product or service on the Google Network.”

Text ads are shown on SERPs as sponsored links, which have been paid for by advertisers as part of a PPC management campaign and throughout Google’s Display Network (GDN), which includes:

  • websites displaying Google ads
  • mobile devices
  • apps
  • google online platforms such as YouTube and Gmail

To make the most of text ads:

  • include keywords
  • address your audience’s pain points
  • explain the benefits of your product/service
  • include affiliate and sidelink ad extensions
  • add numbers
  • detail the benefits

Finally, use CTAs that get customers to take the next step and purchase, like in this example by Pizza Pizza.

PPC Management Google text ad

7. Create Native Ads

According to the 2021 PageFair Adblock report, desktop adblocking grew 8 percent to 257 million users, while mobile ad blocking grew 10 percent to 586 million users. However, the research also found that Adblock users were more likely to accept less intrusive adverts.

That’s where native ads come in.

These ads don’t impact the user’s experience the same way some other ads do.

Native ads are advertisements that match the style and format of the other content on a website. In other words, they look like articles, videos, website banners, and other forms of content on a webpage. Examples are sponsored posts on social media or “sponsored stories” on Instagram.

Assuming you’re using Google, you can create native ads by:

  • signing in to Google Ad Manager
  • clicking delivery and selecting “native”
  • picking “new native ad single ad”
  • choose the type of ad (guided design editor for programmatic and traditional ads, the HTML and CSS editor, or the Android and iOS app code)

Best practices for native ads include:

  • knowing your audience and targeting them
  • using a compelling headline to draw readers in
  • creating an engaging visual
  • keeping them consistent with your brand
  • providing useful information or entertainment
  • including hyperlinks to drive people to your site
  • using a variety of formats
  • ensuring ads are responsive

PPC Management Frequently Asked Questions

Who should hire a PPC manager or agency?

If you don’t want to wait for your SEO strategy to kick in, then you might want to consider finding a PPC manager or agency to implement a PPC management campaign.

PPC is a proven way of getting targeted traffic to your site. However, even though you can manage various aspects of your advertising, like keyword analysis with PPC management software, you can still benefit from some expertise.

Regardless of the size of your budget, a PPC agency ensures you’re spending your budget wisely and implementing a solid strategy.

Can you manage your own PPC campaigns?

You could manage your PPC campaigns, but this often means a lot of trial and error and perhaps some financial losses along the way. Successful campaigns take skill and strategy and, therefore, may be more successful when you employ a digital agency to implement them for you.

What are the top e-commerce PPC marketing management tips?

You can identify the keywords that will resonate with your target audience; create an e-commerce ads campaign; segment your ads for better targeting; use remarketing; A/B test ads; advertise on a variety of channels, such as Facebook, Instagram, Twitter, and YouTube to reach new customers and widen the reach of your campaign; and use Google AdWords or Bing Ads for search engine optimization (SEO) purposes.

Does a PPC manager help you decide how much to spend on paid ads?

A PPC manager provides recommendations based on your aims and explains key information like your cost per acquisition, cost per click, and what you can achieve. However, the final decision on how much of your budget you want to assign to PPC is down to you.

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If you don’t want to wait for your SEO strategy to kick in, then you might want to consider finding a PPC manager or agency to implement a PPC management campaign.

PPC is a proven way of getting targeted traffic to your site. However, even though you can manage various aspects of your advertising, like keyword analysis with PPC management software, you can still benefit from some expertise.

Regardless of the size of your budget, a PPC agency ensures you’re spending your budget wisely and implementing a solid strategy.


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Conclusion: PPC Marketing Management

For many businesses, effective PPC management is an essential part of growing their businesses and attracting qualified leads to their websites.

However, for the inexperienced, PPC campaign management often leads to costly mistakes if you’re unsure of the precise tactics you should be using.

You could use PPC management software tools to find keywords, monitor the results, and optimize when you’re starting.

Nevertheless, you may find it easier to leave the learning curve to others and enhance your chances of PPC success by outsourcing to an award-winning digital market agency.

Which PPC management techniques do you use, and how have they helped your business?

How to Maximize Your Business Loan Approvals

Do You Know How to Maximize Your Loan Approvals?

Did you know that you can maximize your loan approvals? It is actually possible to increase your chance of getting business loans? Fundability™ is a big part of it—and it helps you get more money when you get an approval. Paying attention to small details can make a BIG difference. Building business credit can also help.

You Can Get More and Better Loan Approvals, Even if…

You’ve been turned down when you’ve tried to get business loans, and you don’t know why. Or you got an approval but didn’t get as much as you wanted and needed. Or your business is getting to a point where you need more financing to get to the next level. Another possibility is that you’ve exhausted other sources of financing. Perhaps you’ve got an intriguing offer or opportunity to help and improve your business. But you can’t take advantage of it until you have more money.

If any of those apply, then this blog is for you.

Business Loans and Your Business

Of course, every business needs money. And a business loan may end up being your best option. But approvals aren’t guaranteed, and you might not be able to get an approval for as much as you want. What do you do?

The Three Cs

There are three Cs which lenders are looking for when determining if they should approve you for a loan:

  • Credit (business or personal)
  • Cash flow
  • Collateral

And there’s a fourth, character. It represents more of your willingness to pay back a loan if you have the means to do so.

Business Loans and Fundability™

Lenders will also be looking at what’s called Fundability. This is the ability of your business to get funding. You have control over a lot of its nuances and details,  and they will also help you get loans.

Start with a Practical Approach to Business Loans

You’ve got three missions when it comes to business loans. The first is to get an approval. And the second and third are to get as much money as you can, at the best terms you can get. Hence there are a few concepts to keep in mind as you apply for business loans.

Check requirements carefully and don’t apply if there’s no way you can get approval. Recognize short terms don’t have to be a deal breaker, particularly if you don’t have a lot of time in business. Consider how much money you need and be realistic about that. Even if you can get more money than you need, avoid scope creep and biting off more than you can chew.

Have a plan and try not to search for loans while under duress. Emergencies happen, but they should be rare exceptions, not the rule. Line up your ducks and prepare to apply for a loan before you need one. This will raise your success rate.

Making Collateral Work for You for Business Loan Approvals

Lenders are always trying to mitigate risk. As a result, they love collateral. Collateral gives lenders a recourse if your business defaults on the loan. Collateral can take several different forms.

Stock Financing

Many people are sitting on retirement funds or securities. Stocks and bonds make great collateral. Securities-based lending provides ready access to capital. Use it for almost any purpose, like buying real estate or investing in a business. But you can’t use it for other securities-based transactions like buying shares or repaying margin loans.

Terms and Qualifying

You continue to earn interest on stocks pledged as collateral. Closing and funding takes less than 3 weeks. Rates can be as low as 1.6%, but you will have challenged personal credit.

Bonds Financing

Get securities-based lending for bonds through large financial institutions and private banks. These kinds of loans are good if you want to make a large business acquisition. They are also good if you want to execute large transactions like real estate purchases.

Lenders determine the value of the loan based on the borrower’s investment portfolio. In some cases, the issuer of the loan may determine eligibility based on the underlying asset. It can end up approving a loan based on a portfolio of US Treasury notes rather than stocks.

Terms and Qualifying

You can use most investment-grade corporate, treasury, municipal, and government agency bonds. You keep all the interest and appreciation from your securities. To qualify all the lender will need is a copy of your two most recent securities statements. If your stocks or bonds are worth over $25,000, you can get approval. This works even with severely challenged personal credit.

You can also put up 401(k)s and IRAs can as collateral. In fact, the IRS ROBS (Roll Over for Business Startup) plan makes it easy to tap into an IRA or a 401(k). With ROBS, your retirement funds roll into a new plan, and that plan invests in your business!

401(k) Financing

It is not a loan. You need not pay an early withdrawal fee or a tax penalty. You put the money back by contributing, like with any 401(k) program. As a result, you won’t lose your retirement funds. This is a 401(k) Rollover for Working Capital program.

Per the IRS, a ROBS qualified plan is a separate entity with its own requirements. The plan, through its company stock investments, owns the trade or business. This is rather than the individual owning the plan. Hence some filing exceptions for individuals may not apply to such a plan. This type of financing isn’t a loan against, your 401(k), so there’s no interest to pay. This is a movement or change of custodian.

Terms and Qualifying

Low rates, often less than 5%. Your 401(k) must have more than $35,000 in it. Can usually get up to 100% of what’s “rollable” within your 401(k). The lender will want a copy of your two most recent 401(k) statements.

You can get 401(k) financing even with severely challenged personal credit. The 401(k) you use cannot be from a business where you are currently employed. You cannot be currently contributing to it.

IRA Financing

Like 401(k) financing. In as little as 3 weeks, you can invest some of your retirement funds into your business. This gives you more control over the performance of your retirement plan assets. And it gives you the working capital you need for business growth.

Terms and Qualifying

In general, you will work with a CPA. They will help you roll over a non-contributing and qualifying account. This allows for cash out of half, or $50,000, whichever is less. If applicable, the CPA will structure a self-directing IRA for the remaining funds.

Making Personal Credit Work for You When Seeking Business Loan Approvals

Lenders love good personal credit scores. A high FICO score is an assurance that you pay your bills. What if you don’t have such good personal credit? Then work with a guarantor or a credit partner who does.

Leverage Good Personal Credit and Apply for our Credit Line Hybrid

A credit line hybrid is a form of unsecured funding. Our credit line hybrid has an even better interest rate than a secured loan. Get some of the highest loan amounts and credit lines for businesses. And get 0% business credit cards with stated income. These report to business CRAs, so you can build business credit at the same time. This will get you access to even more cash.

Terms and Qualifying

You need a good credit score or a guarantor with good credit to get an approval (a FICO score of at least 680). No financials necessary. Loans go up to $150,000. You must have open revolving accounts now on your credit report. Balances must be below 40% of your limits.

Making Business Credit Work for You For Business Loan Approvals

Business credit is credit in the name of the business and not its owner. An owner with bad personal credit can still have good business credit. A good business credit score provides another assurance to a lender. And since it’s mostly based on repayments, it’s a very reliable indicator for lenders.

Business credit doesn’t come to you automatically; you must work to build it. As you plan for maximizing your loan approvals, it makes sense to build business credit. Vendors are a large part of the process

Vendor Credit

Starter vendors are open to working with most businesses, even startup ventures. Make sure vendors report to the CRAs—most don’t. Vendors tend to report to the business CRAs within 60 days. They help you build your business credit profile and score.

Terms and Qualifying

Terms will vary depending on the vendor, but they tend to be Net 30. Most will want your business to be set up right. This means an EIN, a business bank account, a separate business address, and more.

With vendor credit, you will not need collateral, good personal credit or even cash flow. Buy what you need on credit, pay the bill on time, and your business credit will improve. And, in turn, your chances for loans, and for higher amounts, will also improve.

Making Cash Flow Work for You for Easier Business Loan Approvals

Sometimes, the best loan isn’t a loan at all. Do you have as-yet unpaid invoices from credit card sales? Have you been in business for at least 6 months? Then your best financing product might be merchant cash advances.

Merchant Cash Advances

An MCA technically isn’t a loan. Rather, it is a cash advance based upon the credit card sales of a business. A small business can apply for an MCA, and have an advance deposited into its account quickly. So you can offer Net 30 terms but need not wait a month for payment.

This can be ideal if you accept credit cards and want fast and easy financing. Get funding, based on cash flow as verifiable per business bank statements—and no more. Hence lenders in general will not ask for any burdensome document requests.

Terms and Qualifying

A lender will review 3 months of bank and merchant account statements. They want consistent deposits. Deposits must show revenue is $50,000 or higher per year They will also verify time in business of 6 months or more.

You can’t have a lot of Non-Sufficient-Funds (NSFs) on your bank statements. And you can’t have a lot of chargebacks on your merchant statements. Plus, you need more than 10 deposits in a month going into your bank account. In essence, you have to show you can manage your bank and merchant accounts well. You need a decent number of consistent credit card transaction deposits each month.

Fundability™ and Business Loan Approvals

Fundability consists of over 100 separate factors. These factors help your business get loans and build business credit. And they can assure your customers and prospects. Let’s concentrate on aspects of Fundability relating to business loans and lending.

Fundability™ and the Application Process

The application process and application submission is a pillar of Fundability. Application submission consists of eight separate elements. Details like these can make a real difference in your chances of approval.

Verifiability

The first three details are all about verifiability. Can a lender verify these details? They are business ownership, company address, and business name.

You can help make these details readily verifiable. So make sure your business details are consistent everywhere. This means online places like your website. And it means offline places like the name and address on your business licenses (if necessary).

When details are consistent everywhere, lenders run a quick search for your business. They’ll find a match and that gets you further along in the process. Because if they don’t find a match, they’ll deny your application as fraud. This is regardless of your character and intentions.

Choosing a Better Lending Product

Some lending products may work better for your business than others. For example, a startup business with little consistent cash flow. Hence, it should concentrate on a product where cash flow is less of an issue if it’s an issue at all. Or you may find a loan isn’t your best choice—a line of credit might suit your needs better.

Choosing a Lender

With the internet, your lender doesn’t have to be around the corner anymore. The internet also means you can do some sleuthing. The lender where you have your business bank account should be one possible choice. But also take to Google and search for (your industry) business loans. E.g. cannabis business loans or nail salon business loans.

If you’ve never heard of a lender, check the Better Business Bureau and Yelp first. Look for complaints and lawsuits so you can assure you’re dealing with a reputable lender. A lender which specializes in your industry is a lot more likely to say ‘yes’. They know if your business has potential even if your balance sheet says otherwise.

Application Timing

Applying for a loan right after your business shows an uptick in profits, can help make a ‘yes’ a lot more possible. This is a lot harder to do if you’re reacting to a crisis, rather than proactively planning for the future.

Loan Negotiations

Did you know you can negotiate business loan terms? You can negotiate the interest rate, prepayment terms, and even if you must provide a personal guarantee. The means of delivering your application can also matter. This is because in person applications are much more conducive to negotiations.

Fundability™ Helps You Maximize Business Loan Approvals

The amount of money you can get often ties to a few more aspects of Fundability, as are the repayment terms you can get. These are details like how long you’ve been in business. Can produce all necessary business tax returns?

If your business is higher risk than others, that affects approvals. Your business name, industry, and/or NAICS and SIC codes can signal that. Also, if your business has UCC filings or liens against it. If your business has been through bankruptcy (or you have), it will affect your chances. As will are any judgments against it. If you have a criminal record and/or owe child support, those will also affect your chances.

Maximizing Your Business Loan Approvals: Takeaways

Maximizing your loan applications means increasing your chances of getting business loan approvals. Improve your chances with good personal and/or business credit. Provable cash flow and having valuable collateral to offer also help. You can also improve your chances, and maximize how much you can get, by building Fundability™.

The post How to Maximize Your Business Loan Approvals appeared first on Credit Suite.

How to Maximize Credit Score to Unlock the Full Power of Your Business Credit

Are you using your business credit score to its fullest potential? Are you getting the full amount of funding available to you through the power of your business credit? Here’s how to maximize credit score and unlock the power of your business credit.

Your Business Credit Score Makes All the Difference

While it is possible to fund your business with your personal credit, it doesn’t make much sense. Honestly, not only does that limit the amount of business funding you can get, but it also puts your personal finances in jeopardy.

As a result, you need to know how to maximize credit score.  Then, you can scale more effectively and efficiently, without sacrificing your personal credit.

Establishing and Building Business Credit

Most business owners assume that you build credit for a business the same way you build consumer credit. It seems to make sense, so it’s no wonder this is such a common misconception. With consumer credit, you just get credit accounts.  Once you use them, your payment history is reported to the credit bureaus. That happens regardless of whether it is positive or negative.

Consequently, it builds passively on its own, whether you want it to or not. The same is not true of business credit.

When it comes to business credit, you have to be more intentional. This means creating a Fundable foundation, including applying for a D-U-N-S number and opening a separate business bank account, among other things.

Getting Initial Accounts Reporting

Not all business credit accounts report payment history. This is one of the major differences between business credit and personal credit. Of course, pretty much all consumer credit accounts report payment history. As we already said, you do not have to do anything to make that happen, it just does. In contrast, you may not have a business credit score even if you do all the work.

That’s because the accounts you have may not be reporting your on-time payments.

How to Maximize Credit Score: Working with a Business Credit Specialist

Truly, it’s not easy to find accounts that will approve you before your business credit score is established. Even harder than that is finding accounts that will report your positive payment history to the business credit bureaus.

There are essentially two options. The first is to just apply for credit accounts and hope you get approved. Then, hope they are reporting payments. You can monitor your business credit to see if the accounts report payments. If they do, that’s great. If not, you have to start over.

Complicating matters even further is that you need more than one or two accounts reporting initially to build a score strong enough for approval from other accounts. As you can imagine, this trial and error method can take an extremely long time.

Alternatively, you can enlist the help of a business credit specialist. This is someone who can help you find the right accounts.  Those vendors that will both approve you without a credit check and report on-time payments. .

These are typically net accounts. That means they have to be paid in full completely at the end of the net term, usually 30, 60, or 90 days.

How to Maximize Credit Score with the Business Credit Builder

Initial accounts are great, but you need more than just a few accounts to maximize credit score. Beyond that, you cannot just start applying for any and all accounts at random.  You’ll be denied more often than not.

This puts you in the same predicament described above. You can use trial and error until you get enough accounts reporting.  On the other hand, you can save yourself considerable time and frustration by utilizing the Credit Suite Business Credit Builder. Not only will you get step-by-step instructions for setting up your business to be Fundable, but you’ll know which lenders you qualify for at each step.  Better yet, you’ll have the confidence of knowing you are not wasting time with vendors that do not report.

How to Maximize Credit Score Using Personal Guarantees

If you get a credit account with a personal guarantee, you are responsible for repayment. This could mean a hard pull on your personal credit, which can lower your personal credit score. However, in theory, if your business has an account in its own name and it is set up to be a separate entity from you, the owner, it is responsible for its own debt.

Still, many companies require a personal guarantee from the business owner before extending business credit. This is especially true for small businesses. It only makes sense.  Data from the Bureau of Labor statistics states that 20% of new businesses fail within the first year, 45% within the first 5 years, and 65% in the first 10 years. In fact, only 25% of new businesses make it 15 years or more.

No one likes risk. That’s why businesses require a personal guarantee and why business owners don’t love to give one. Still, if you have true business credit that requires a personal guarantee, the good thing is that the business will have to pay first. You will be personally liable for anything that the business funds/ liquidation cannot cover, but you will not be first in line for all of it.

A Personal Guarantee can Accelerate Your Business Growth

A better option is to realize that if your business is small and  young, you are likely going to need a personal guarantee for much of the funding. Yet, you can work to reduce your liability in a number of ways. The first way to do that is to incorporate your business as a corporation, S-corp, or LLC. Your business attorney or accounting professional can help you with that.

Using personal guarantees when necessary will allow you to increase the number of business credit accounts you have in your portfolio. When your business credit score is maximized, lenders may be willing to reduce reliance on personal guarantees.

How to Maximize Credit Score by Improving Your Reports

This process is ongoing. You need to continually have your finger on the pulse of your business credit reports.  This will help you ensure nothing is holding it back.

Whatever improves one report, is most likely going  to improve your reports at the other two of the big 3 credit bureaus. Paying off accounts always pays dividends, as does avoiding bankruptcies. Of course, you should ALWAYS make payments consistently on-time.

It’s also important to monitor reports to ensure you can catch mistakes and get them corrected. You can do this through each agency directly, but with Credit Suite business credit monitoring you can monitor all three for a fraction of the cost.

Business Credit is Your Superpower

Well, maybe not superpower, but it is powerful. Similar to a muscle, you have to keep working to build it and keep it strong if you want to maximize the potential power it holds. The business credit specialists and products at Credit Suite can help you just that. Call today!

The post How to Maximize Credit Score to Unlock the Full Power of Your Business Credit appeared first on Credit Suite.