Calculating the advertising budget in Yandex.Direct is a fundamental stage of any marketing campaign. An effective approach to budgeting helps to achieve the set goals with minimal costs. In this article, we will consider how to correctly calculate advertising costs in Yandex.Direct and not go beyond the budget.
1. Understanding the goals of the advertising campaign
Defining KPIs and target audience
Before you start calculating, it is important to clearly formulate the KPI (key performance indicators) of your advertising campaign. This could be the number of clicks, conversions, applications or calls. It is also important to define and study your target audience, as this will determine the strategy and cost of attracting a client.
Attracting clients from Moscow interested in cosmetic services will cost more than attracting clients in a small city due to high competition and income levels.
Key Points for Choosing a Budgeting Strategy
The choice of strategy in Yandex.Direct depends on your goals and kenya whatsapp number data budget size. You can be guided by both the cost per click (CPC) and the total amount allocated for the campaign. Yandex tools such as budget forecast and bid managers help you calculate your budget effectively.
To calculate CPC, it is important to start from the average conversion of your site and the desired cost of customer acquisition.
2. Research of the competitive environment and segmentation
Analysis of competitors and prices for key queries
Before you start calculating your budget for Yandex.Direct , analyze your competitors' bids. Use Yandex.Wordstat and Yandex.Metrica tools to analyze average prices for key queries and clicks on your topic.
By analyzing the data, you will also get an idea of the average cost of customer acquisition in your niche.
Audience segmentation and target queries
Dividing the target audience into segments allows you to manage rates more flexibly. You can allocate different budgets for different groups of queries, for example, separately for Moscow and the regions. Segmentation helps optimize the cost per click, make budget calculations for Yandex.Direct more accurate and efficient.
Keep in mind that the cost per click for beauty services related queries will be higher in Moscow than in smaller cities due to differences in the competitive environment.
How to effectively calculate your advertising budget in Yandex Direct
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