competitor keyword use in google advertisement - quick read practical working insights
Using competitor keyword in google search ads and google display advertisement is a common practice among many advertisers. SEO and online marketing experts and online ad setters along with other management people in the organization usually comes across some questions that creates confusion in their mind on how to go about, the consequences, impact and result of doing competitor keyword targeting advertising.
Quick Read - Competitor keyword use in google ads
1)
Competitor
Keyword in Ad Set: Using competitor keyword or competitor name in set-up keywords
is okay. We can use it as on till August 2021 till google do not change their policy on this issue.
2)
Must not
use: We must 100% refrain from using the Competitor name on creative, ad
set text sentences that are visible.
Trademark issues.
3) Must not use: We must not use
competitor particular feature or unique feature or product / service name in
creative or text sentences of ad set. IPR
issues.
4)
Cost may
go up: Competitor keywords may shoot up CPC and Overall Cost as clicks may
increase due to usual and competitor keywords and also bidding cost for
position may increase.
5)
CTR may
drop: CTR may decrease as people see a different name ad appearing when
they search a particular name ad.
6)
Old
Keywords V/S Competitor Keyword Analytics: While setting competitor ad we need
to check the old and useful keywords traffic over last 2-3 months as historical
data is available v/s the same ad with addition of competitor keywords and
check if competitor keyword is having cannibalistic
effect on the usual performing keywords. Then it those cases the percentage
of budget needs to be increased accordingly.
7)
Ad Score:
Low CTR , High Click Cost and such other factors related to combination and ratios of cost, clicks,
impressions may impact ad score.
8)
May need
high ad budget: After checking performance and doing analysis of keywords
(usual and competitor) and if we find Ad
budget is exhausting for good reasons considering other factors of CPC, CPM, CTR then budget needs to be
increased.
9) Ad
extensions and description: While using competitor keywords need to use better ad extensions than competitors,
better offering and AD text sentences that are more based on user requirement.
10 Competitor
notice use of keywords: Competitor sooner
or later will find out that for their name or keywords some other brand is
also reverting to search in ad area. They know that is case of using competitor targeting and so this can
open the situation of competitor using the other brand keywords and try to get
their audience. This if continues benefits the Ad Network as the bidding cost
shoots up and over all spend increases. There also opens the chance of a
budget war between 2 or more advertisers. In case the competitors spending power is more and they have bigger budget they
can hit the other brand keyword and search effectively and the other brand with
lower budget may lose some clicks and visitors.
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