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Lessons Learned From PPC and Fantasy Baseball

Lessons Learned From PPC and Fantasy Baseball

I love baseball. Unfortunately for me, I'm a Met fan. This typically means seasons of high expectations followed by disappointment. Heart-breaking season after season aside, I can't help but stay involved in a sport I grew up loving. Fantasy baseball has become a great way for me to do this. Not to mention it forces me to learn and stay up to date with individual players from different divisions and leagues.

I also really like search engine marketing. Specifically, pay-per-click marketing, or PPC. While it does sound nerdy to love something like search engine advertising, there's something about the strategy, data, and freedom to experiment while receiving almost immediate results that can just perk up my day.

In my time managing countless PPC campaigns and my (much more) limited time managing fantasy baseball teams, I've begun to notice a lot of similarities between the two. While there's not a perfect overlap, there are several practices and strategies I find myself applying between both my PPC campaigns and fantasy baseball teams that lead to successful results. Below are my top five strategies for managing a successful PPC or fantasy baseball team.

Key Metrics:
PPC - First thing's first. What are the macro level goals, the micro level goals, and how do they relate? Clicks, click-through-rate (CTR), cost-per-click (CPC), average position, conversions, cost per conversion, bounce rate, pages per visit, time on site and submissions. These metrics represent some of the many dials on the dashboard I need to pay close attention to. Generally speaking, each metric has a good and bad direction. High CTR is good, low CTR is bad. Low CPC is good, high CPC is bad. But it isn't exactly fair to say I've failed because CPC is higher this week or if CTR is lower this month. There could be a bigger, more important story happening that offsets the movement of these individual dials.

Fantasy Baseball - In my league, like any other, there are key statistics identified by the league manager in the beginning of the season that our teams will compete head to head against each week. This includes hits, home runs, RBI's, ERA, Saves, and several more. While it would be great to sweep in each category every week, the reality is that in order for your team to compete in many categories, it can be very difficult to build your team around winning EVERY category.

Principle: It's ok to sacrifice one metric for another in order to achieve a greater result. Low CPC is good, but sometimes you need to bid more competitively to show in a spot that will earn you conversions. This could raise your CPC, but the higher conversions will offset the cost. Winning the triples category is good, but trading for the (slower) power hitter will make you more completive in more categories. Your team now has less speed, but winning the power categories could offset your weakness in the speed categories. Only judge success by the outcome of one metric if that's the one metric for which you're responsible. Otherwise, you must be willing to look at the bigger picture!

Competition:
PPC - In most cases, your ads won't show by themselves (especially if you're only showing on the search network). Research to see who your competition is and how/what they're advertising. You are competing to earn the searchers' click. In order for this to happen, your ad needs to be more attractive and more relevant than the others. Period.

"You are competing to earn the searchers' click."

Fantasy Baseball - In most leagues (including mine), your team goes head-to-head against a different team every week. This means to win this week, your guys need to beat his guys. To win the following week, your guys need to beat someone else's guys.

Principle: Don't live in a vacuum! Know and adjust to your competition. A PPC campaign in a can that doesn't adjust for your market and your competitors won't have the magic touch to set itself apart. Likewise, finding the holes and weaknesses in your competitor and modifying your roster accordingly could be the deciding factor in that week's matchup. Know everything you can about your competition and do it better.

Let The Data Decide:
PPC - Between your PPC interface, your web analytics, and any other internal tracking you may be using, we have oodles and oodles of data that tells us which keywords, ads and landing pages work and don't work. This doesn't always mean we live by it, though. Often times, we're pressured by clients or the people who are paid more than us to "include this!" and "include that!" What we end up with is a campaign full of keywords the data says should go, but we're pressured by someone NOT looking at the data to keep them in.

Fantasy Baseball - We all have our favorite teams and our favorite players. The temptation will be to take some players with which you have some sort of association. For example, the mediocre shortstop of your favorite team, the guy who's foul ball you caught 3 years ago, the prospect you're been following that just got called up but will only see limited action at best. Before you know it, you prevented yourself from filling your roster with the most qualified players and instead with the players you like.

Principle: Let the data drive the decisions. Hunches can be a good starting point for PPC and deserve their fair shot, but be prepared to cut them out if they're spending your money without producing. Likewise, sentimental favorites can add a more personal element to your fantasy baseball roster or may make you more tuned to potential outbreak seasons, but the chances are they won't carry your team. Heck, they may not even contribute their fair share. If the data doesn't say they're producing, cut them loose.

Give It Some Time:
PPC - While we can literally get feedback on campaign changes the same day, there are several reasons to let your changes sit for at least a week (or two) before coming to a decision. 1) the system takes several days to recognize and understand your changes, 2) quality score is estimated by the system until it has enough data to calculate a truer quality score, 3) the longer you let a change sit, the more data you'll have when making a decision, 4) brief irregularities in demand or competition could influence the results of your changes.

Fantasy Baseball - Like PPC, we have updated stats to check pretty much every day. Having different match ups every week along with a surplus of players may tempt us to release and sign on new players every day based on the performance in only a handful of games. The reality is players goes through slumps and streaks. Even the hottest players go 0-4 and even .125 hitters will have 4 RBI 4-4 games. In baseball, this is normal and shouldn't (entirely) influence whether or not the player is right for your roster.

Principle: Give your changes some time. Between how a pay-per-click system operates and the human element of a baseball player, make it general practice to wait AT LEAST one week (two weeks if you can stomach it), before deciding whether or not you made the right call. (The exception being if your changes are having Godzilla-like devastation. In which case, act fast!)

Be Active:
Of all the principles that overlap between these two, this has to be the most important. Running a PPC campaign or managing a fantasy baseball team is not a passive activity (if you want to succeed, at least!). Both require you to get in the trenches and test, read, watch, compare, experiment and create. Staying active in fantasy baseball means you know when a valuable free agent is about to come off the DL, making him ripe for the picking. Staying active in PPC means targeting keywords and ads around a temporary event or occasion that's relevant to your business. Staying active in fantasy baseball means benching the outfielder who is 3-30 against the starting pitcher he is facing that day. Staying active in PPC means adding a new set of ads based on your two week experiment's results. Strategic moves like these often make or break the success of a campaign. But like anything organic, it requires nurturing and attention to grow and succeed.

Review:

  1. You can't always win in every category! Be willing to look at the bigger picture
  2. Know what your competition is doing and do it better!
  3. Let the data decide
  4. Give your changes time
  5. Be active

While I haven't covered all the bases (pun intended!), I think the above 5 represent key principles anyone with a PPC campaign or fantasy baseball team should consider, nay, live by. If you don't agree, I'd love to hear your counter argument in the comments.. If there's anything important I may have missed or you have your own quirky analogy, I'd love to hear that too. In the meantime, here's to many keyword homeruns and Cy Young caliber conversion rates!

Chris Leone

Chris Leone

May 19, 2010

Why Is My Site Loading So Slowly?

Why Is My Site Loading So Slowly?

Untitled-2

I was looking around for a nifty way of examining load issues on clients sites. I wanted some way of quickly pin pointing which images/files were causing the issue (or the delay was even being caused by site file sizes in the first place!). I discovered a cool little site called Pingdom that did the job.

Simply enter a URL and even check the save URL box. Pingdom drills down through your file load times and display in KB each different component of the page. It also gives you an outline summary of basic info about the site, how many images, style sheets, plugin, redirects, external objects etc. Simple and neat it does what I needed!

But Pingdom is more than just that, it is also an uptime and performance monitoring system. The system lets you know if you site has gone down, gives you uptime reports, response time reports and connects nicely to Twitter, SMS and Email to alert you if troubles a-brewing.

Geear

Geear

May 13, 2010

Registrars and Hosts Demystified

Registrars and Hosts Demystified

Clients often are confused about the roles served by domain name registrars and website hosting providers. Both are necessary components in having a live website, and failing to keep active accounts at both can have unfortunate consequences such as having a website go offline, email services halted, or even losing a domain name to another party.

Geear

Geear

May 10, 2010

Usability Versus Functionality in Web Development.

Usability Versus Functionality in Web Development.

David McKillen WebStrategies Inc.

Geear

Geear

May 3, 2010

Blog Post Round Up – Week of 4/25

Blog Post Round Up – Week of 4/25

This was another great week for insightful and fun blog posts. Here's a roundup of blog posts and news items we found most intriguing this week:

Chris Leone

Chris Leone

Apr 30, 2010

How DotNetNuke Can Reduce Cost and Time to Market

How DotNetNuke Can Reduce Cost and Time to Market

Geear

Geear

Apr 29, 2010

Do PPC and SEO Work Well Together?

Do PPC and SEO Work Well Together?

Clients ask us frequently if they should do both PPC and SEO at the same time. Our answer is always the same - "it depends". Of course it depends mostly on whether the particular client can benefit from search engine marketing. If they can, then we talk. But if we don't believe it's the best use of their marketing budget, we work with them on other marketing campaigns. If search engine marketing can benefit the client, then the question is PPC, SEO or both. Often times both can get the best results.

Neal Lappe

Neal Lappe

Apr 23, 2010

Will Apple's iAd Be Successful?

Will Apple's iAd Be Successful?

As the world becomes more mobile, tech companies are finding ways to shift their technology, software, and revenue platforms. Apple continues to take on Google following Google’s jump into the smartphone market with the Android operating system and Nexus One hardware. Following Google's recent purchase of the mobile advertising platform AdMob (which is still waiting approval by FTC), Apple had to develop its own mobile advertising platform to exist within their mobile application marketplace. Enter: iAd

Chris Leone

Chris Leone

Apr 13, 2010

Making use of BaseCamp Time Logs for Project Analysis

Making use of BaseCamp Time Logs for Project Analysis

We use BaseCamp from 37signals for general work time tracking, including project development. Over time there can be a large amount of data accumulated, and there is a nifty way it can be consolidated and used for project analysis. In essence, export the time data out of BaseCamp and use the power of Excel to make summaries and graphs. In this way, you can easily see items such as:

Geear

Geear

Apr 5, 2010

Gaining Insight From Heatmaps

Gaining Insight From Heatmaps

clicktale

I came across Clicktale and thought they deserved a shout out so to speak based on my interactions with them. My personal reasons for having an interest in heatmaps is because I find it interesting how little users are really interested in when they visit any given website. There are some very interesting usability challenges you can find having examined some of the results of these tests.

Some of what they do is already under the Analytics umbrella but some hotspots (scuse the pun) I think worth a mention are as follows:

- See how far down visitors scroll and see where they abandon the page.
- See where users click or move their mouse on the page.
- See what parts of your forms people spend more time on or have more difficulty with.
- See what content on your page users care less about.

If we spend a little more time on this type of user interaction we might very well be able to identify some very pragmatic and beneficial insights.

Geear

Geear

Mar 12, 2010

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