Famed adman David Oglivy is usually credited as having said: "Half my advertising is wasted, the trouble is I don't know which half." In fact, it was actually John Wannamaker, considered the father of modern advertising.
No matter who said it, ROI (Return On Investment) or in Googlespeak, ROAS (Return On Advertising Spend) has long been the bane of marketers and advertisers alike.
Google was supposed to have solved that but according to ex-Google employee Adam Goldberg, responsible for the $500 million team behind Google Adwords, this may not in fact be the case. According to the ZDNet Digital Markets blog posting by Donna Bogatin, Google clients 'frustrated' by unprofitable AdWords buys,
Goldberg says now, however, that "on average online advertisers waste 30% of their budgets on unprofitable campaigns" and they are "frustrated."
Does that mean we should all increase our hand-wringing quotient and decrease our marketing budgets? Not quite. And certainly Adam Goldberg doesn't think so. In fact, a new company Clearsaleing.com, of which he is the "Chief Revenue Officer" seeks to do quite the opposite. Rather than giving up, he's decided to monetize his core competency, Adwords, by helping clients increasing ROI.
Isn't that what paid search or any search strategy for that matter is all about?
I'm guess he's Adwords Qualified. I wonder if there's an Adwords OverQualified designation.
The point here is a simple one, companies or professionals invested in search are an investment well worth making.
SHAMELESS PLUG - SEM and Paid Search is one of our core competencies.
Have a good one.
~ The (SEP) Guy