It was an abject failure, and a chief contributor to the downfall of the company.
It was an abject failure, and a chief contributor to the downfall of the company.
I'm no expert but I don't think the incentives were aligned properly there. Here's a Reddit thread that says it better than I can:
https://www.reddit.com/r/PPC/comments/1nwzdy/what_do_your_go...
Maybe work with an agency next time?
Most savvy people I know managing search for a living would but run something Google put together without quite a few changes.
Some of this comes from lack of understanding the business as well as someone on an account or in house, some is lack of experience since you often can have people barely out of school working on this stuff. Even when I had veteran teams there were still tweaks needed.
Things like keywords that didn't make sense, poor targeting settings, etc. were not uncommon. I know they've made big efforts to improve here, but they still have a long way to go.
I used to have a team account team constantly approach myself and my boss and say I could be doing account management better. My boss started to question my credibility as Google people must be the best at Google.... so I offered them to set up their own separate campaigns rather than mess with mine. The results were atrocious. They do what the manual says to do vs what actuly works. To get the best out of Adwords you need to twist the system to suit your agenda, not Googles. Seriously get an independent professional in to manage Adwords. Try a few if you dont have experienced PPC marketing people in the office as there are many snake oil salesmen in this area. Also watch out for agencies that pitch you with their experienced guy but then put the junior in charge of running the account. Always ask to interview the person that will be hands on with the account and having direct contact to them. Adwords type platforms can be awesome when used well but you can't just throw money at it and expect results.
Did you not test your ads to grasp the conversion rate before spending the money?
On the whole, IMHO, the business people weren't being entirely foolish, or foolhardy with our money - ultimately advertising costs a lot, and some adwords are expensive, and there aren't that many choices if you trying to get leads from a specific type of user.
1M is a pretty big ad-spend for even a medium sized company. If it was a total failure than the leadership had absolutely no clue what was going on. The CEO is to blame.
If you're trying to get 'customer acquisition' then there's no reason that ads could not have been tested - you should have been able to resolve the unknown one for under $50K.
Granted - every situation is different and I understand it's not always so clean - but still - 1M is a lot especially if it affected the company. Sounds really bad.