Clicktrust

A look back on Q1 – New office, Malaga, a MASSIVE pitch and our goals.

The first quarter of 2019 was amazing.  Lots of things happened!  Here is a quick overview:

 

Move into our new office

 

We spent the major portion of last years’ profit into a new workplace on Avenue Tervuren 36. We renovated from scratch, designs done by the team. We’re very happy to be here!

  

CLICKTRUST & Mountainview celebration event

 

February was also the month in which we celebrated the minority stake Mountainview has bought in CLICKTRUST. We celebrated in style, with a conference we organised for our clients, inviting several high profile speakers. The event was a blast!

Teambuilding in Malaga

 

To finish off the hectic month of february, we went for a two day teambuilding in sunny Malaga. With both relaxing activities and teambuilding work, the trip was a success. Profit sharing among employees was announced. Yearly getaways are now a thing.

 

 

 

Winning a MASSIVE pitch

 

To finish off these amazing first three months of the year, we ended up winning a huge pitch in March. Details will follow later, once we have succesfully onboarded the client and all their massive brands…

 

The road ahead

 

We will now work on further improving employee onboarding and internal operational efficiency. Client acquisition will be done very selectively. Our focus goes to quality, not quantity.

Mountainview & CLICKTRUST : specialized, together.

It is no secret that CLICKTRUST and the digital strategy agency Mountainview get on well.  We crossed paths two years back on a mutual client – and chemistry happened!

Today, Mountainview & CLICKTRUST work together on many clients. We share the same views on service, transparency and the role of an agency in the ever-increasing complex digital eco-system.

Concretely, Mountainview has taken a significant financial interest in CLICKTRUST as minority shareholder. This officializes our collaboration.

We have often discovered our extreme specialisation in analytics and biddable media has to be introduced when clients are ready for it. They need a certain level of digital maturity for us to be able to deliver good work.  This is where Mountainview has proven very valuable to us. Their transparent, didactical approach prepares clients and helps them grasp digital as a whole, and allows them to understand where an expert agency like ourselves fits in.

We are extremely excited about this partnership – as we believe models like this are the working model for agencies of the future.  Individual agencies that each have their own resources, expertise & clients – but that are able to join forces on common projects.  This gives clients the best of both worlds : the ease of working with one entity for several services, and the expertise of working with an expert agency.

All this in full transparency.

Would you like to learn more about our working model? Contact us!

Data-driven + lots of brand keywords? Start thinking like a marketeer…

[activecampaign form=3]PPC & attribution experts only. This requires a deep understanding of search and an obsessive passion for paid digital media. I expect some negative feedback on this. Allow me to indulge 😉

 

Context:

 

• Client is ROI and Cost/sale sensitive (duh) and is currently facing very high cost per sale numbers on generic search terms in a market with CPC’s averaging 9 EUR .
• They desperately want to expand generic volume, and have gone through several agencies who each have failed to deliver this.
• The account contains both generic and branded keywords on both exact and broad match.
• The average time between first click and conversion is more than 3 days.

Studying the path length reports in the search attribution tool showed us that generic queries almost always convert combined with branded queries. We can hence assume that the data driven algorithm that is looking at numbers would consider branded keywords pretty important.

 

Comparing data driven to first click attribution

 

Upon comparing data driven attribution to first click attribution through the attribution tool, the following happened:

• very strong decrease in sales from generic keywords and huge increase in cost per sale both in percentage and absolute numbers.
• massive increase in sales from branded keywords, and limited decrease in cost per sale in absolute numbers.

When showing this to the client, they were schocked. Nobody cared about the cost/sale of the branded keywords decreasing from 4 eur to 2 eur. The cost per sale of generic keywords that increased from 100 eur to 300 eur in the data driven model was however enough to leave them gobsmacked.

 

When data driven becomes a self-fulfilling prophecy

 

Statistically speaking, I’m sure the data driven model is correct. If it is providing weight to the number of times a specific query appears in the customer journey, than obviously branded queries will get a lot of weight. As data driven attribution will then decrease conversions on generic keywords, ROI sensitive clients will decrease bids. Branded queries will then become even more prominent, and the whole thing becomes a self-fulfilling prophecy.

 

Think revenue across channels – not within silo’s

 

From an outcome-driven marketing & “lets grow revenue” point of view, this makes no sense. Cost per sale on branded search moved from cheap to too cheap to care, while generic cost per sale increased by 3 compared to a first click attribution model. Meanwhile, the site is ranking very well organically on all branded search queries and has limited competitors bidding on their brand.

As a result, the actual value of generic queries is massively undervalued due to the presence of the branded queries in the account. Is is highly likely that the client would have gotten the sales that happened on the branded query through organic search anyway.

So if datadriven is not taking the less important role of branded search queries into account on sites that are ok SEO wise, and uses frequency of search queries in the customer journey as a factor in the algorithm, we can expect ROI sensitive PPC managers to decrease overal media spend in the long run, as they decrease investment on generic terms. That can’t be the goal.

I’ve seen this happen several times now on pure ecommerce players. They fail to scale the accounts, especially in smaller markets with products/services that have decision cycles beyond several days.

 

Possible solutions:

 

• Split branded queries and generic queries into seperate accounts so that data driven attribution can be used on generic queries only
• Create a test to remove branded queries alltogether. Incremental impact on sales volume from branded paid search queries together with organic queries should of course be assessed.

In both scenarios’s, by taking branded queries out of the account, conversion attribution will shift back to generic keywords and data driven will do its work on generic queries alone.

Sales and media spend on generic search queries will go up while overall sales from organic and paid search combined should increase.

In any case: before using data driven, check the importance of branded search queries in the account. If your sales are primarily coming from branded queries, and you wish to keep them in the account – you’re probably better off with first click attribution…(the horror!)

Of course, savvy digital marketeers should be going beyond that and look for attribution tools that take the incremental value of branded search queries and all forms of remarketing into account across the entire media mix…

If you’re interested by this post, this is the stuff the CLICKTRUST team thinks about daily while optimizing your accounts. We’d be happy to exchange ideas.

The last year and the road ahead.

Where we came from

 

CLICKTRUST grew from 4 people to 9 people over the course of one year.  We weren’t doing too bad before, at least that is what we thought. We had clients staying with us for years, and had the occasional win of a new client. We didn’t do any marketing. We got business through referrals. All in all, that didn’t sound too bad.

After sitting down and carefully analyzing the market, we discovered where we can truly make a difference.  Providing clients with a transparant service for digital media at a flat fee. No crazy media fees, no longwinded slide-decks, and no teams full of juniors.

 

New account wins

 

By pure word of mouth, we managed to win a lot of business this year. BNP Paribas Fortis, Hello Bank, Birdee, ALD Automotive, Printdeal, Ladbrokes, Collishop , Centerparcs… The list is long. Why did these companies chose us?  We stuck to our principles and committed to deliver only that what we know we do best. Combine this with a flat fee and we were a welcome change from other players that were either missing expertise or transparancy.

 

The recruitment of new people while keeping existing staff

 

Our progress allowed us to recruit senior, highly talented staff relatively easily. The existing team members from before all stayed – allowing us to go passed a crucial point where the team today mainly consists of people with solid experience. This has now put us in a position where we can attract even more talented staff, as this industry is driven by people that want to learn from each other. The best place to do that is in a place where experienced, like-minded are sat in one place.

 

So what is next?

 

We are now looking for 3 more people in different roles. We will grow the team to invest more time in training and development. If you would like to join us in this adventure, check out our careers page!