Promotion Assets Google Ads: Will Improve Your ROI: A Case Study

People are online more than ever, but they're also more budget conscious. This is key information when it comes to online advertising and promotion assets in Google ads.

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What is the Promotion Asset in Google Ads?

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The promotion asset in Google Ads allows you to highlight additional information to searchers like discounts, sales and, of course, promotions. The information helps to persuade them to click into your website and is fully customisable to suit your needs. Pick pre-built options for holidays like Black Friday, easily update offers without losing tracking data, and control when your deals appear to perfectly target potential customers. Effortless promotion, maximized impact. 

Studies have found that some of the best performing Google text Ads had words including “free” and “save” which goes to show that people are already thinking about cost before they have decided on their final purchase.

To investigate this further, we are going to break down some of the numbers and show how promotions influence your performance. Two RQmedia clients have been analysed to compare performance of their expanded text ads with and without promotions during the same time period.

• Client A is a popular retail company that constantly runs promotions. These numbers have been analysed over a month.
• Client B is a designer retail brand that ran a two-day promotion over a weekend.

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Photo by Shopify Partners from Burst

The Rundown:

Click Through Rate

Click through rate (CTR) shows the percentage of people who click on your ad after they have seen it. It can be a key indicator on how well your ad is performing. A higher click through rate is a key contributor to optimising your ads quality score.
With enticing promotions and an easy, clickable ad, customers are more likely to click and convert.

A high click through rate is a good indicator that your customers find your ad helpful and relevant!

Both client A and B have a decent increase in their CTR from their ads without promotions. Without promotions, it is quite low, which goes to show that customers are looking for those promotions.Ultimately, you’re increasing the CTR by creating compelling and relevant ads, which now leads us on to cost per click.

‍Cost Per Click

‍Cost per click (CPC) is the price you pay for each click in your campaigns. The higher the traffic and clicks on your ads, the lower the cost for each click.

With significantly higher amounts of traffic, the cost per click is a lot smaller for ads with promotions for both clients.Conversion RateConversion rate (CVR) shows how often, on average, an ad interaction leads to a conversion. It is calculated by dividing conversions by the number of interactions with your ad.

Both clients have an increase in their CVR percentage for their expanded text ads with promotions.

‍Conversions

‍Here is the final piece of the puzzle. Now remember, client A’s ads were analysed over the course of a month and client B was running a promotion over a weekend.

Client B didn’t have any conversions from ads without promos and client A had a significant number of conversions from their promotions compared to ads without promotions. More people clicking on your ads from enticing promotions creates a snowball effect starting at the CTR as the most important, which trickles down to positively affect all aspects of your campaign. When Google sees that people are clicking on your ads it tells them that it’s useful to other users. You get a higher ad rank and lower costs!
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All in all, these were just some of the obvious stand outs when analysing different customers, but as you can see, ads with promotional content do a lot better. This can bring in a lot more revenue, with client A’s being almost 16 times greater than their ads without promotions. After all, who doesn’t love a good bargain?
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https://support.google.com/google-ads/answer/7367521?hl=en-AU