To benefit the most out of your Speakol Ad campaigns, you must regularly evaluate and enhance them. By continuously assessing your performance, you will be able to introduce new positive modifications that will see your campaigns thrive.
To find out how you can improve the performance of your Speakol campaign, check our list of optimization recommendations.
1. Define your Goals:
- Before you launch your campaign, you must set clear, achievable goals. You need to define the purpose of your campaign and what exactly it is you mean to accomplish. It is also imperative to specify your target users; this will help you better direct your campaign and ensure that you reach out to the right audience. This organized planning will direct the flow of your work and will massively influence how you create your ad titles, ad Images, and your landing pages. Likewise, this will allow you to choose the most appropriate publisher websites, countries, ad types you want to release, and the platforms you want to target. Based on your goals, you will also be able to set a budget and settle on the appropriate rate of CPC (cost per click), CPM (cost per thousand impressions) or CPV (cost per video view).
2. Constantly Assess The Efficiency of your Campaign Variables:
- Throughout your campaign, it is quite useful to initiate an A/B testing from time to time. A/B testing is a critical technique employed to maximize the efficiency of your campaign. It means testing two or more options while maintaining one variable at a given time. This procedure aims to find options that will improve the performance of your campaign and increase your ROI (Return On Investment), whether it is based on short-term conversions, long-term customer loyalty, or other parameters.
- Acknowledging the value of A/B tests, we recommend that you choose a single campaign variable to test at any given time. Among the testable variables are ad titles, ad images, landing pages, locations, and platforms. You can run your test at a minimum of 7 days (1 week) so that you can have enough data to analyze. Based on the report, you can set more optimized strategies to enhance your Speakol campaign. We do recommend testing different variables from time to time to ensure the best results for your campaigns.
3. Utilize the Speakol Pixel:
- To optimize your marketing campaigns and increase your CPL (cost per lead), it is fundamental that you employ and utilize the Speakol Pixel code. Once users perform a specific action on your website, the Speakol Pixel is activated and automatically reports this action to help you better understand and build your custom audience, as well as enable you to measure the impact and return on ad spend.
- To ensure the best optimization of your resources, we deem it necessary that you implement and utilize the Speakol Pixel hand in hand with your own tracking tools. The Speakol Pixel not only aims to drive better performance through data-based optimization, but it also allows the tracking of conversion rates and values. Once users take the desired actions such as purchasing a product, viewing a page, or signing up, conversion occurs. This feature allows you to track this conversion to determine whether Speakol is positively influencing your numbers by monitoring conversions that take place after users click on your campaign items.
4. Promote Highest Performing Campaign Ads:
Once a campaign is launched, you will have the chance to assess the performance of your campaign ads. In order to make an informed decision regarding those ads, you need to consider a few KPIs including CTR (clickthrough rate), conversion rates, CPA (cost per action), as well as CPC (cost per click).
- CTR (Clickthrough Rate), which measures the percentage of users who clicked on your campaign ads, is an essential measuring tool to verify the effectiveness of your campaigns. It is also a determining factor that, if high, guarantees a good standing in Speakol’s widget. The recommended CTR is 1% or above to ensure the highest performance of your ad campaigns.
- CPC (Cost Per Click) is the amount you are willing to pay every time a user clicks on one of your campaign ads. Assuming many people will view your campaign ads, you will only be required to pay when someone actively clicks on them. You want to set a CPC that allows you to meet your performance goals. If the CPC is too low, you will not be able to obtain the number of clicks required; at the same time, if the CPC is too high and you fail to secure the number of clicks required, this ad will fail to meet its purpose. Still, Speakol recommends that you start with a high CPC when you launch your campaign to ensure that it is competitive, which increases its visibility and subsequently increases the number of clicks. That way, you can have enough data to make informed optimized decisions on how to run the Speakol campaign.
5. Set a Budget that Works for you:
- Having a substantial budget is highly recommended, for it will allow you to garner enough data to make informed decisions, which will subsequently improve the performance of your campaigns.
- We do recommend that you balance your budget and do not spend it all too quickly without first assessing the performance of your campaign. Otherwise, you risk running out of money, losing your edge, and incurring more financial burdens due to the rise of the CPL rate.
- Daily budget and end date have an impact on campaign performance and may affect the results of your campaign especially if your goal is to convert leads.
6. Be Unique:
- Avoid repeating adsets with the same titles, images, or target groups. This will prevent you from compiling accurate data and achieving good results.
- Pick different ad titles and ad images from those publicized by your competitors or advertisers, who are promoting the same product, to ensure that you reap maximum profit from your campaigns.
7. Widen Your Scope to Optimize Your Reach:
- By choosing to promote your ads across Speakol’s publisher network, you will be granted a comprehensive overview of the work dynamics of the system and how you fit into it. Based on data-driven information, you will be able to optimize and make informed decisions. Then, you can choose appropriate publishers where your campaign can thrive.
