More recently, Google has introduced a slew of new ad formats, targeting capabilities and reporting for advertisers. Some are available now in beta phase, and others were announced at the May IO summit for future release. Here are the big three products search marketers should be prepared for, and how to take advantage of them.
I. EXPANDED TEXT ADS (Rolling out to select advertisers now, fully available by end of year)
Google is making a huge change by increasing the character limits for the headlines and descriptions in text ads. The ads will look uniform across all devices, and are aimed to give consumers as much information as possible before they click.
Many advertisers are already quoting traffic increases and CTR lifts up to 20% by leveraging expanded text ads. As such, all paid search marketers should be leveraging this new ad format, or at least getting a head-start on writing new creative for expanded ads if they are not available in the accounts yet.
Some tips for utilizing these ad formats:
Below are the updated specs for Expanded Text ads, compared to what is currently offered (per Google AdWords):
II. DEVICE-LEVEL BID ADJUSTMENTS (Rolling out to all advertisers later this year)
In a step forward that search marketers are very excited about, Google is reversing its decision to group desktop/tablet bidding, and will allow advertisers to set individual bid adjustments at the mobile, tablet and desktop levels. Additionally, advertisers will now be able to adjust bid multipliers from -100% to +900% for all devices (currently the range is -100% to +300% for mobile devices).
Why the change, you might ask? Google initially rolled out Enhanced Campaigns in 2013, coupling desktop/tablet bids and putting a mobile bid modifier in place (rather than allowing advertisers to easily opt out of mobile traffic with a campaign setting). This was designed to make it easier for advertisers to apply mobile-specific bid strategies, and allowed them to dip their toes in while controlling spend through the bid adjustments. Now that advertisers are more comfortable with spending on mobile, have a lot more data on performance between the three devices, and want more flexibility with bid strategies, Google is responding to these needs with more granular device options.
How to prepare for this upcoming change:
III. SIMILAR AUDIENCES FOR SEARCH (Currently in beta release)
Anyone currently using remarketing lists for search ads will be excited for this new opportunity to expand their reach for remarketing campaigns. Similar Audiences has been available in the Google Display Network for years, and now Google is expanding this feature for targeting across search. To create the lists, Google uses an existing RLSA (Remarketing List for Search Ads) list to create a lookalike list of prospects, basing the lists on users that have similar search query behavior as those within the existing RLSA list.
Google has recently given some stats around this feature that have shown strong incremental reach for existing advertisers in the beta rollout , e.g. “2-3x increased impression reach and 30% more active users.”
Some considerations and ways to activate Similar Audiences for Search:
While Google is sure to keep the updates coming, these are the products that we at BCM are most excited about right now. It might still be early before all advertisers gain access to some of these features, but smart marketers will get ahead of the game to prepare their strategies in the coming weeks.