Case Study
B2B Payments Company
Helping an established company lower its cost per conversion
SITUATION: An established electronic payment company was looking to overhaul their online advertising and reduce cost per conversion.
OBJECTIVE: The company brought in the Digital4Startups team to reduce their cost per conversion to under $100, a decrease of around 33% at the time.
An insight-driven approach to campaign optimization
Current Landscape Assessment
- 25 Point Audit of Existing Campaigns
- Existing Channel Metrics
- Assessment of Existing Resources
Campaign Optimization
- Added Negative Keywords
- Paused Irrelevant Campaigns and Keywords
- Edited Existing Ads
- Added Calls to Action
- Landing Page Analysis
Test, Learn, Iterate
- Run Campaigns
- Measure Results
- Iterate Accordingly
- Reallocate Time and Budget to Best Channels and Best Campaigns
Reduced cost/conversion by 51.5% in 5.5 months
While Delivering Victories
Across the Board
In a four month period:
- The search campaign CTRs increased 70%, while the CPCs decreased 10%.
- The overall cost per converted click decreased 51.5%.
- Conversion rate increased 149.45%.
- The number of converted clicks in December was 55% higher than the number of converted clicks in August, despite a 12% cost reduction due to the slow holiday weeks.