Paid search performance is not entirely within your control. Fundamentally, paid search platforms operate an auction for ad space, meaning that your campaigns are in direct competition with those of your business competitors and any other entity targeting similar keywords to you.
To an extent, you can control your performance through optimising account settings, campaign structure, bid strategy, and other variables (and we can assess how effectively you are deploying these factors via a paid search audit). However, there are other factors beyond your control, such as the keywords that your competitors target; the budget they allocate; the quality of their ads and landing pages. Your performance is significantly impacted by your competitors’ actions, and how you respond to them.
Uncovering how your competitors are deploying paid search campaigns gives you an edge that can help you drive higher lead generation at a lower cost.
If you have the specialist tools required, it is possible to run paid search audits in-house. However, even for those minority of business that do possess these tools, we find even with the best intentions, teams succumb to the pressures of day-to-day tasks and routinely deprioritise such audits.
We also find that many marketing teams don’t have sufficient experience to run a detailed analysis and make recommendations based on the data.
Our experience in conducting analyses enables us to provide deeper insight and in a more time- and cost-efficient manner. We have the privilege of working with lots of marketing teams like yours so can provide a sense of your competitive context relative to other clients, and share best practices in how to apply the findings.
Every business’ competitive context changes constantly. New competitors emerge; existing competitors change their strategies. Your company may shift its focus, add new products, or enter new markets. At any such pivot point, a paid search competitor analysis can inform the best way to implement your strategy. However, at a minimum we recommend an annual paid search competitive analysis to ensure you are not caught off-guard by changes in competitors’ approaches.
Our analyses are geographically-specific – in other words, each analysis looks at competitors’ paid search activity within a single country. We often provide analyses covering additional geographies – sometimes with the same set of competitors, and sometimes with a set of competitors specific to each country. Just ask and we’ll tailor the analysis to your geographic requirements.