10 years ago, digital marketing was an emerging concept, nowadays it is the cornerstone of most business marketing. If your business operates online, it is no longer important, but imperative that you engage in some form of digital marketing. Digital Marketing itself is an umbrella term that covers a multitude of activities and one such activity that falls under this heading is Pay per Click advertising.
In itself, pay per click advertising has been revolutionised over the past 10 years, and has become a highly lucrative tactic for marketeers. A subsection of pay per click has been available in Ireland for the past 4 years, Google Shopping. Product Listing Ads through Google shopping have become common place in Irish search results and it’s no surprise when our eCommerce market is worth over 12.3 billion to the Irish economy. (IEDR Digital Health Index 2019)
In this article we explain exactly why your eCommerce business should start using Google Shopping.
Google Shopping has seen a significant uptake by Irish businesses since first launched in 2016. Whether you know it or not, products that you could provide to your customers are being advertised by competitors in Google Shopping. Whether that is the real-world competitor three doors up or eBay, it is very likely that the competition is advertising similar products to you through Google Shopping right now.
As Pay Per Click channels go, Google Shopping is at the low-end cost wise. We’ve costs per click range from between €0.03c to €0.30 cent, Google Shopping is a relatively low cost way to advertise your products online. Add to this the fact, that your products are going to be shown to people who are actually looking for them and it’s a no brainer. Traditional media advertising can not deliver that level of specificity.
If your website is connected with your instore ePOS system, when the product goes out of stock instore, your advertising stops serving that night at 12am, meaning you won’t lose money advertising products that you can not sell.
The day of shopping around and visiting numerous stores to get the best deal on a certain product is gone. Customers now compare the prices of products online. In fact, rather than even having to click through websites, price comparison is happening right there in the search results, meaning that the particular item your best priced on simply won’t sell to the volumes you would like without having Google Shopping in place.
Irish consumers want to buy from Irish stores online. In fact, 53% of Irish consumers want their high street stores to provide a full online shopping experience. With Brexit on the horizon, over 13% of Irish Consumers will shop more often with Irish Websites. (IEDR Digital Health Index 2019). Google Shopping helps put your products in front of Irish Consumers ready to buy.
Considering that the platform is designed to showcase your products directly to people looking to buy them, it’s no wonder Google Shopping attains the lowest cost per acquisition figures. Having managed Google Shopping campaigns for 50+ businesses since its launch, we regularly achieve 5 – 8% CPA when compared with the average order value. In fact, we have a number of clients who regularly generate a sale worth €70 for every €2 they spend on Google Shopping.
So, there you have it. Simply put if you are not currently using Google Shopping, start now. If you’re an early adopter to Google Shopping but struggling to refine and optimise your campaigns or need help in lowering your cost per acquisition, get in touch with us here at Dmac Media. We’ll be happy to help.