NEW: TEND Case Study

Client Veteran Ratings

How Veteran Ratings Cut Costs and Increased Lead Quality by 32% with Smarter SEM

OVERVIEW

Veteran Ratings provides veterans with simple solutions to complex VA processes through world-class service and innovative technology. Veteran Ratings provides resources that ultimately help Veterans get the support they need.

The campaign focused on driving qualified leads through paid channels while maintaining a critical balance between volume, cost per lead, and lead quality. Optimizing SEM strategy allowed us to scale efficiently, reduce costs, and improve the rate of leads converting into customers.

23%

Reduced CPL from Paid Search

32%

Increase in Lead Qualification Rate

78%

Improvement in Google Ads Conversion Rate

26%

Improvement in CTR

CLIENT TESTIMONIAL

  • From the outset, OpenMoves exhibited a level of expertise that surpassed our expectations. They swiftly pinpointed areas ripe for improvement and devised actionable strategies that were implemented without delay. Remarkably, within just one week of their intervention, we witnessed a noticeable uptick in results.

    They have helped us integrate AI to increase ad strategy optimization within our CRM, designed our ads, videos, and landing pages to focus on click rate optimization, and most importantly the attention to detail in the reporting of lead performance has driven us to be able to optimize on a dime to what is working best.

    Heather Dueitt, CMO
    Heather Dueitt, CMO

THE CHALLENGE

The objective of the campaign was to drive qualified leads through paid channels to the Veteran Ratings team, who would then contact each lead to determine eligibility for services. Success in this objective required a complex balance of factors which often counterbalance each other: total lead volume, cost per individual lead, and lead qualification rate. The goal was to deliver appropriate lead volume, at or below a given target CPA, while also maintaining and improving lead-to-customer quality rates.

The OpenMoves/Q1Media team took over both Google Ads and Microsoft Ads accounts from another vendor. We first audited the accounts to identify opportunities for improvement, focusing on campaign structure, bidding strategies, conversion tracking, and overall account efficiency to drive better performance.

Primary Goals

Optimizations to conversion tracking and data architecture

Improvements to bidding strategy to drive deep-funnel machine learning

Multiple optimizations to Performance Max implementation

Analysis of Search Partners performance

Overall search account structure including keyword deduplication

And more…

The Solution

Driving Efficiency with Creative Optimization and Strategic SEM

Our team was continuously able to achieve volume and spend targets within shifting business conditions and scale SEM accounts to fulfill lead generation requirements. The total quality rate from SEM channels improved by over 32%, marking a significant increase in the rate of leads which converted into customers. Furthermore, the frontend cost of leads was reduced by over 23%, resulting in more total leads for the given budget. The combination of hitting volume targets, which also improving lead quality, and furthermore decreasing cost of lead, has made this campaign a significant success for Veteran Ratings.

Optimize Keyword Strategy

Throughout the SEM engagement we worked to implement improvements in keyword strategy, focusing on eliminating duplicate keyword implementations and redundant campaign structures, identifying poorly converting queries, and expanding volume for keywords that were meeting performance targets.

Maximize Budget Efficiency

We developed new ways to balance budgets across search, display, and PMAX to optimize total results and have flexibility on a day over day basis to respond to trends in volume, quality, and cost. We worked aggressively on bidding strategy including frequent tuning of CPA to reflect live business conditions and ensure SEM was delivering what Veteran Ratings needed to achieve daily, weekly, and monthly targets.

Enhance Reporting & Insights

Finally, we implemented a new reporting format providing live daily reporting, with day-over-day comparative metrics to allow for fast-paced optimization including daily pace tracking and more. Our team also worked closely with Veteran Rating’s team to incorporate backend business data and lead quality data into paid media reporting and strategy to allow for deep-funnel optimization.

OPENMOVES PPC TEAM

  • Working with Veteran Ratings was a unique challenge due to the real-time nature of the optimization required. Because Veteran Ratings needed a combination of lead volume, lead quality, efficient CPA and also even pacing of leads through the day and week, many different optimization steps had to be combined to achieve success. We ended up with a unique and highly effective method of managing and reporting to achieve this client's complex needs.

    Perikles Skronias, Senior Paid Search Strategist
    Perikles Skronias, Senior Paid Search Strategist

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