Introduction
Several times a week we receive requests from advertisers asking for assistance optimizing their campaign(s). We thought it would be a good idea to bundle our campaign optimization tips in a blog post for reference. These tips are written with Adperium's self-service advertising platform Direct Ads in mind, but they also apply to banner advertising campaigns in general. Without further ado, here are our five best tips:
Spend before you optimize
The single most important tip is: don't try to optimize campaigns that are too small in terms of budget, or campaign which just started. From time to time, we see advertisers trying to optimize a campaign after they spent a couple of thousand impressions. Unfortunately it's unfeasible to optimize campaigns based on such low traffic numbers. Your campaign needs to learn the traffic profile for at least a couple of days, before it can stabilize and optimize traffic. Even with a low daily budget capping, you still can't optimize the campaign because the numbers are simply not significant.
If you're serious about setting up a successful campaign, consider spending at least several million impressions before you start the optimization process. This way, you're sure that it's not the campaign learning process, but your actions that change the performance of your campaign.
Check campaign settings (sample)
You can optimize every bit out of your campaign, but if you fail to set the basic campaign settings, it won't have an effect. Most important is the frequency capping: depending on the numbers of banners you're running, 2/24 or 3/24 is recommended. The daily budget setting is also important: we usually advise to spend at most 15% of the campaign budget per day. That way, you get a stable traffic profile that is easier to optimize.
Another tip is to focus on one or two countries to start with. Starting a world-wide campaign is not very smart, as it makes optimizing your campaign very hard. If your campaign works well in your main markets, you can easily expand the campaign by cloning it and tailoring to other markets/countries.
Use conversion tracking (sample)
This might seem logical, but some advertisers still think it's too much hassle to implement a conversion pixel. The advantages are countless though: you get instant access to much more powerful metrics like the average cost per conversion/action (eCPA) for your banners and traffic sources (websites). In the end, the revenue you generate is the only matter that counts, right? What is the use of a banner with a very high click-through rate (CTR), but a low number of conversions-per-impression? Strange as it sounds, more often than you think banners with a low CTR perform better eCPA-wise than banners with a high CTR.
Another important point that is often unknown, is the fact that implementing a conversion pixel may increase the traffic volume your campaign receives. Because the ad serving system is able to better predict the probability of a conversion, it may choose to allocate more impressions to your campaign (within your targeting limitations, of course) than without conversion data.
A/B split-test your banners (sample)
This is one of the easiest ways to optimize your campaign, and can change an average campaign into a huge success. The idea is simple: upload at least three different banners (with the same dimensions) to your campaign. Preferably the banners are very different, e.g. one focussing on the advantages of your product, the other show-casing your product, and a third showing a customer testimonial. Run these banners for at least a couple of days, then disable all banners except the best performing one.
The next step in the iteration is to create at least two different versions of this best performing banner, and add them to your campaign. Run these three banners for a couple of days, choose the best performing banners and create new versions, etc. We have customers who saw their CTRs increase 200%+ by optimizing their banners. Make sure you also check the cost per conversion metric: as explained earlier, this is the most important metric to check.
Optimize traffic sources (sample)
Last but not least: make sure to regularly check the list of traffic sources (websites) your campaign runs on. We always advise to start your campaign run on network (RON) and after a few days start disabling bad-performing websites. Similar to banners, it takes just one click to disable under-performing traffic sources. Make sure to check not just the CTR, but also the cost per conversion value. Once your campaign has stabilized, you can consider adding additional traffic sources from linked networks like DSNR and Xtend.
Hopefully these tips helped you to get a better understanding on actions you can take to optimize your campaign and beat your ROI target. If you have any questions or remarks related to this subject, feel free to post a comment or contact us directly. We're here to help you and make your campaign a great success!