Monday, 18 January 2010
Tighten the reigns of search with exact match
There are many different approaches to search marketing, and so many different levers to pull to cater for different strategies. It’s understandable that people feel overwhelmed when making decisions, or disappointed when looking at results. A lot of the time it comes down to experience and unfortunately there is a cost associated with learning, be it time or money - depending on how you like to learn your lessons. One thing that is often overlooked and/or misunderstood is the keyword matching strategies at your disposal.
The options are “Broad”, “Exact” and “Phrase”. To provide you with a better understanding of these search strategies, our customer insights and search manager Damien Donnelly explains all below.
Broad Match means your keyword is matched with any set of keywords containing that word.
Phrase Match means your keyword phrase is matched with exact combination of words in the same order with any other words.
Exact Match means the keyword phrase exactly matches the keywords you are bidding on.
Each of these has their place in a campaign in terms of the strategic benefits that they can deliver, but, as with most things in life, there is always a trade off.
Broad Match is the best friend of Google – and the lazy marketer.
This will have your keywords matching against anything that remotely resembles your keyword, so long as it will produce a click through. This is fantastic for casting a wide net, which is highly targeted by traditional media standards, but pretty poorly targeted from a digital perspective. It will help you get to scale quickly in terms of volume, but there is a price to pay for this. By keeping Broad Match bids low (in proportion to the actual value of a Broad Match visitor), you can wield this blunt tool of search with far less risk of blowing you budget purely on untargeted clicks in the long tail.
Phrase Match is the slightly more dignified cousin of Broad Match.
It gives you less of the irrelevance issues of Broad Match while still delivering more reach than Exact Match. Obviously, the results from this kind of targeting are more valuable than Broad Match and less than Exact. As a result bid values should reflect this and be somewhere in between Broad and Exact.
Finally we have Exact Match.
This is the logical end-point for the perfect search campaign with optimal spend efficiency (but possibly not build efficiency). Exact Match is often overlooked because building and managing a large campaign that predominantly uses Exact Match is very time consuming. Yet for smaller retailers with small budgets, Exact Matching is the only option – find those terms that you are completely relevant for, craft the perfect ad copy (A/B tested) and bid based on the revenues generated. However, for large campaigns, this thinking often gets thrown away because of scalability.
With the tools available today, it is possible to Exact Match large proportions of well-targeted campaigns to give you much more granular control over what is actually happening within the campaign. Sure, it may look unwieldy when you are essentially seeing data for every single query that you used to be Broad Matched against, however knowing this information allows you to act and control or refine. (Conversely, Broad Matched campaigns can look deceptively neat until you see a raw query report – ie the report that shows the exact phrases that your broad keywords were matched against). By using a highly Broad Matched strategy, data is often obfuscated under raw queries that often never see the light of day in reporting.
How much of each strategy you should use is highly dependent on factors like time, money and objectives. Despite these variable factors, the most important take away is that each match type should be valued appropriately to prevent overvaluation for search, which is quickly becoming an essential marketing service.
Paul Marshall
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