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How to Get More New Customers With Google Ads
Our Google Ads Strategist, Caden Thompson, reveals a strategy focusing on new customer acquisition. He also shares how to calculate your cost to acquire a new customer in Shopify and walks you through how to track and analyze data from Google Ads and correlate it with Shopify.
With this knowledge, you can measure the success of the strategy effortlessly. Watch this video now to optimize your Google Ads campaigns based on analyzed results, giving you the most value from each ad spend.
Connect with Caden on LinkedIn: https://www.linkedin.com/in/cadenthom...
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0:00 How to Get More New Customers With Google Ads
3:30 Calculating New Customer Acquisition
5:52 Tracking Correlations
11:05 Possible campaign performance effects and other factors to consider
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Transcript
Hello.
2
:Hello.
3
:How's it going, everyone?
4
:I'm going to talk about a strategy that
I'm doing for this supplement brand.
5
:So just for some context the
supplement brand has a repurchase
6
:rate of about every month roughly.
7
:their biggest goal is new customer
acquisition versus, first.
8
:Sales right away.
9
:You're just trying to get sale volume up
which generally is the goal of majority.
10
:I would say 99.
11
:9 percent of companies
is to get new customers.
12
:anyways when I go into the account,
so this is like I said, about
13
:a month ago, a little over a
month ago, and we did this test.
14
:I've just been kind of tracking over
a period of time and I'll show you
15
:guys sort of what the numbers I look
at instead of Shopify and how I sort
16
:of correlate that to Google ads.
17
:Now they only run Google ads, so
they're not running any Facebook,
18
:any other platforms whatsoever.
19
:So it's a black and white test.
20
:Very, very controlled tests.
21
:it's really easy for me to sort
of see what, the correlation is.
22
:going in here right away, we'll see
on June 6th, I changed a conversion
23
:count setting to one conversion.
24
:I'm going to jump in there and
kind of show you guys what this is
25
:now before I get comments on this,
because you guys might be wondering.
26
:Why is J for a primary conversion action?
27
:This is just for testing.
28
:This does not go with our normal,
golden standard practices.
29
:We normally, you know, go through G
tag not through any sort of analytics
30
:whatsoever, but anyways, just for
this account specifically we're
31
:using GA for as sort of a test to see.
32
:now I'm only looking at the sex
doesn't really matter though.
33
:So when I go into the account
here and I go into edit settings
34
:what I did was I swapped the,
every count conversion to one.
35
:Now, generally speaking, when you have
an account EECOM, you want to lean
36
:into every, every is a lot better as
well too, because it allows Google
37
:to string together conversion data.
38
:Typically one is typically
more for lead generation.
39
:So if you know someone.
40
:Clicks.
41
:And then they say, Hey, you
know, I fill out a lead form.
42
:We don't want that person coming back
again and again and again, filling out
43
:lead forms and counting as conversions.
44
:Right?
45
:So that's kind of the general
rule of thumb between these two.
46
:Now, the concept around this is that there
is a click through conversion window.
47
:And you'll see here of 90 days.
48
:So when someone clicks an ad,
they will not meaning that Google
49
:cannot find that user again.
50
:Until after that 90 days when
that user atrophies in the
51
:the actual tracking of it.
52
:what I mean by that is
that essentially this.
53
:Idea here was used as kind of
like a middle ground for new
54
:customer acquisition, right?
55
:Cause there's kind of been some,
debate back and forth inside of so late
56
:regarding the new customer acquisition
setting inside of, for example,
57
:performance max, or even search.
58
:Campaigns, and it tends to get a little
bit too aggressive towards new users and
59
:it hurts your overall growth potential.
60
:just to kind of put some more context
as well, too that is also just because
61
:of the loss of, attribution as well
within Google that's been going on
62
:with the new W braid and G braids that
have been kind of coming into place.
63
:It was a little bit of more I guess,
finessing that we're doing with.
64
:The backend as well as Google
ads, not just looking at Google
65
:ads for numbers themselves.
66
:And I'm going to kind of show you guys
what I did to kind of prove concept here.
67
:with that being said, the change here
went from every two one on June 6th.
68
:Now I'm going to jump over
to another view that I have.
69
:So I'm going to show you guys exactly
how I calculate the new customer
70
:acquisition purely just from if
Google ads is all you're running.
71
:And then the backend numbers of Shopify.
72
:So I know a lot of this is going to
be blurred out, but there'll be like
73
:I said, the tool itself, and then the
customers that should not be blurred
74
:out on the Shopify side of things.
75
:what I'm going to do first is I'm gonna
look at May 1st through 31st to give you
76
:guys an idea of where this account was at.
77
:So I'm going to copy the
total cost numbers here.
78
:Get my calculator here
and then just paste that.
79
:Now I'm going to jump over to Shopify
and when I go into Shopify, I'm going
80
:to go to the customer section over here.
81
:And I know a lot of this is going to be
blurred out, but just wanted to, like I
82
:said, point out that the customer section
right here and then what you're going to
83
:want to do and actually have this preset.
84
:So let me just go back is.
85
:it'll look more like this
where it's more pushed up.
86
:You're going to click the add
filter button on the right hand
87
:side of the Shopify section.
88
:And then you're going to
click to create a segment.
89
:They're going to start by typing
in first and then I'll just
90
:auto fill the first order date.
91
:You're going to select that.
92
:And then I scroll down to
between dates and then you can
93
:pick, for example, all of May.
94
:Right.
95
:So I got that apply filter
and then boom, I see.
96
:Okay.
97
:For me, I got a total of 220.
98
:New customers.
99
:So then what I will do is I
will copy paste that to 20.
100
:I will go in here and I
will divide by two 20.
101
:And that gives me a 97 and 32 cents
new customer acquisition globally.
102
:Right?
103
:when I go back into Google and
we see the numbers in here, I
104
:see that the cost conversion is.
105
:64.
106
:However, we know that we were
counting every, and so there's
107
:a lot more repeat purchases.
108
:And you can even see on by time versus the
regular, we're looking at 64 versus 68.
109
:Now you're going to have a lot
of repeat purchasers, especially
110
:if you have a strong LTV.
111
:in Google ads, it's saying, Oh,
we're at 64 cost conversion.
112
:But obviously part of
that's going to be on brand.
113
:And then we also have, like I
said, cold, that could potentially
114
:be that repeat traffic.
115
:So attribution is not going to be perfect.
116
:So that's why I like to look at backend
numbers with that Shopify that I was
117
:just showing you to kind of make sure
that, okay, we're at the client's goal.
118
:The cause and effect is Google ads.
119
:And obviously the effect is the
good new customer acquisition.
120
:Now, when I want to track correlations,
I'm doing this the slow way.
121
:You can do this by adding it in
a spreadsheet and you can have
122
:like weeks or days or months.
123
:On tracking your overall pacing
of new customer acquisition, what
124
:you're paying for a user based
off whatever change you make.
125
:A lot of my clients are
doing that as well right now.
126
:You don't need a third party
attribution tool for it.
127
:You can just do it manually and
get global numbers that way.
128
:And that helps a lot when finding
correlations, especially when you
129
:have smaller budgets and you're not,
your media mix is not, super large.
130
:I'm going to kind of go through
sort of this test phase.
131
:So just keep in mind
that we did that test.
132
:I swapped it over on June 6th.
133
:So when I jump over here, give me a
look at June 7th to the 13th, I'm going
134
:to do that same thing that I just did.
135
:So I'm taking the total amount
here, meaning the global costs.
136
:So I'm including brand, including
everything cause we're getting that
137
:global new customer acquisition.
138
:I'm pasting it into the
calculator and then let me just
139
:go back in here and make sure.
140
:So we're seven through 13.
141
:I'm going to go back in here
and then we're going to do
142
:first order date between.
143
:Seven and 13 hit apply filter.
144
:And then I'm at 50, right?
145
:So I'm going to copy paste the 50 and
then divide that by the amount in here.
146
:And that gets me my new
customer acquisition as well.
147
:So now it's gone up.
148
:So typically whenever you make a
change in the account, it affects
149
:global numbers because it's got to
readjust to exactly what's going on.
150
:I'm seeing 106 and 73
cents now for that week's.
151
:New customer acquisition.
152
:So I'm holding fast to the test.
153
:I'm going to keep going through the
process of it because I know that it
154
:will take some time to actually learn.
155
:So I'm going to keep an eye on it.
156
:So now I go to the next portion, which
is June 14th through the 20th, in fact,
157
:let me go through the 21st, actually.
158
:we will copy paste.
159
:So same exact, you know, idea and keep
in mind, I'm doing this the slow way.
160
:I'm not doing this the fast way.
161
:You can have this in a spreadsheet
on a daily basis and keep up with it.
162
:And it's a lot easier to
see these correlations.
163
:it's going to go back over 14 through 21.
164
:So I'm going to go back here and it's
going to do 14 through 21 for between.
165
:see, 14 through 21 and
then I hit apply now at 82.
166
:That's a pretty big spike up.
167
:So we're at 82 now divided by
the total cost that we had.
168
:And that brings us all the way down
to 70 and 77 cents for a new customer.
169
:This trend continues through
the process of it, but I want to
170
:point out a couple of things here.
171
:So when we're looking at Google ads
numbers and, you know, we're seeing the
172
:correlations here, our global new customer
acquisition for that date range that I
173
:just pointed out was 70 and 77 cents.
174
:And keep in mind that
they're only running Google.
175
:And I'm looking at the overall cost
conversion inside of Google ads.
176
:And we're seeing 54 inside of here
for the cost conversion by time.
177
:And then the actual cost
conversion globally is 91.
178
:So what's going on here essentially is
that we're not tracking the full picture.
179
:And so the actual results are
closer to that, you know, 70 range.
180
:Now, the reason why these two are
different is because this is pulling
181
:back just all of the information
for the conversions for the day
182
:range that we're looking at.
183
:Whereas.
184
:The portion over here is the
click attributed conversions.
185
:So I just wanna point that out as well.
186
:So I'm gonna keep going down
this path a little bit further.
187
:So I'm gonna go for the 22nd to the 28th.
188
:So, like I said, we're just continuing
like that weekly cadence roughly.
189
:And so I'll go in here and copy paste.
190
:Okay, we're at four.
191
:Oh.
192
:Or four?
193
:Four, eight.
194
:So then I'll go in here, divide this,
and then lemme look at the date range.
195
:So we're at 22 through 28.
196
:Go back in here.
197
:And then first order date, we're gonna
look at 22 through 28 which brings
198
:us to a total of 65 new customers.
199
:And we're gonna divide that
by this amount in here.
200
:And that gets us.
201
:65.
202
:Let me make sure that's actually correct.
203
:I want to make sure I did that.
204
:Correct.
205
:So that was 22.
206
:So 4, 8, 0, 9, And then we're going
to divide by 65, which gets us 73.
207
:when we were looking at this previously
in May, we were looking at like close
208
:to a hundred dollar new customer
acquisition with that small change,
209
:that's pushed us back into the range of.
210
:73, which the client's goal is
pretty much around that a little bit.
211
:We're actually ahead of the goal.
212
:I don't want to give out their numbers
specifically, but anyways, the results
213
:have been pretty much getting better and
better just because of that one switch.
214
:There hasn't been any other
change from a macro perspective.
215
:There's been like, pretty much keyword
adjustments that has only affected
216
:the account nearly as much as, like
I said, that 30 percent margin that
217
:was the real big indicator of success.
218
:So.
219
:With that being said the theory behind
this is that we might see some atrophy in
220
:the performance because that 90 day window
is going to start catching up to itself.
221
:And so then we're going to have to
try to figure out, okay, do we want
222
:to start testing out the new customer
acquisition setting inside of the
223
:search campaigns to keep this as cold as
possible and sort of force the algorithm.
224
:To go after new users and not sit
on its merits of I'm still counting
225
:that conversion that I got, you know,
90 days ago as an actual conversion,
226
:because they just purchased again.
227
:So it puts a little bit more
pressure on the algorithm.
228
:And it allows you to, like I
said get more new customers.
229
:Now, like I said earlier we're still
testing out the new customer acquisition
230
:setting, but this is kind of like
that happy middle ground that I found
231
:that works in this account here.
232
:I've tried it in a couple other accounts.
233
:If your purchase rate
is not extremely high.
234
:Meaning that you're looking
at like, 30 day, like monthly
235
:repurchases or even more frequently.
236
:Then I don't know if this would be a
right idea for you because the loss of
237
:attribution when you swap from every
two one is still pretty significant.
238
:So this is kind of one of those
things to where it's more of a tool.
239
:It's not a confirmed strategy yet.
240
:Just because it's not hasn't proven across
multiple accounts, but I figured I'd show
241
:you guys sort of what we're looking at.
242
:Maybe you guys learn something from
the new customer acquisition position
243
:inside of Shopify that you can kind
of locate that information for free.
244
:just wanted to point that out.
245
:And then the last thing as well too is.
246
:It makes this process a whole lot easier
if you have a spreadsheet and you're
247
:tracking day by day, the new customer
acquisition and then the overall costs
248
:and that can get your overall murder.
249
:When you get, obviously pulling over your
total sales from Shopify as well too.
250
:hopefully you guys like this video, leave
a light comment below and yeah, maybe
251
:I'll see you guys in the near future.
252
:Thanks.