As an advertiser and marketer you have to be fully informed in what conversion tracking and bid management can do in increasing your ROI and in making your business successful. This way you can properly address any concerns and challenges that may create conflicts in making your advertising campaigns more effective and cost-efficient.
What does conversion tracking mean?
Conversion tracking is widely employed in online advertising. The conversion happens by the time an Internet user clicks on your ad. The click will be converted based on user’s behaviour that is considered significant—which can be through purchase, page view, registration, and other possible leads.
There are Google tools made available to conduct such conversion. Once the conversion takes place, you will learn whether your ads are effective or not. This will also be helpful in identifying keyword matches that are relevant to your ads.
What does bid management stand for?
On the other hand, bid management can also improve the value of your keyword search. Through the assistance of conversion optimizer, used in bidding management, your website can get higher conversion rate from the search inquiry of a particular keyword.
When conversion rates are optimized, bidding management generates substantial performance. Obtaining bid management is connected in predicting the possible performance of your ads. But this prediction can vary, especially if there are intense competitions going on outside the scope of your website.
To maintain good performance, you can use conversion tracking tool for your campaign ads. This way you can bid strategically and you can further maximize your return on investment. In this process, you should know the keyword costs so you can compare the costs with the revenue that will be coming in your business. This way, you will determine whether you need to increase your bids to generate more ROI or not.