Sunday, 31 October 2021

PPC And Digital Marketing Nightmares You Won’t Soon Forget


Happy Halloween mad PPC scientists and marketing mavens!

From campaigns that hit you like sharks in a tornado to ads that rise from the dead, this year, digital marketing can be a scary place to work.

These PPC and digital Halloween stories may just scare you bad enough that you’ll need to take the week off. (And who doesn’t want one of those?)

Prepare yourself!

PPC Legendary Disasters

The phrase, “This Ad Has Been Rejected” (Amatullah Saifee) can instill dread in even the strongest digital marketer’s heart. We’ve all been there. And we’ve all struggled.

But PPC nightmares can be much, much worse. If you’re unlucky…

I Know What You Did Last Campaign

Do you know what the scariest kind of horror movie is? The one you don’t know you’re in. Bwahaha!

Emmanuel Perez found himself in just such a nightmare…

“I took over an account from a co-worker who I quickly discovered had been buying ads without a clear understanding of how the system worked.

They were Google Ads for dealerships. I found a broad term for cars—nothing else.

CPCs doubled when he took over, and CPA more than tripled after he took over.

There was another campaign targeting local US dealer ads. Another co-worker had “+” modifiers within exact match brackets and was confused as to why no ads had been served for nearly two months.”

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It sounds like someone didn’t spend enough time learning about what PPC is and how it works. Terrifying.

Especially if it comes out of your wallet.

*Shiver*

We’re glad Emmanuel was able to get it sorted.

Hello PPC Pro. Would You Like To Play A Game?

Hello PPC pro. Or as you’re sometimes called, paid media expert. You need to make a choice. Listen carefully:

You are in a chair, in front of a computer screen. There’s a script running on an account that’s hooked to your unlimited credit card. Try it, and you might be making easy money while looking like a genius to the client.

Or, it could be the worst decision of your now-short career.

Do you want to play a game?

Some new to PPC did. Frederick Vallaeys, co-founder and CEO of Optimyzr, spins this horrific story:

“Google used to provide sample code to illustrate how to make bid changes using Ads Scripts. The code looked for all converting keywords and increased their bids by five percent.

Of course, a lot of advertisers like to run scripts automatically every hour so if left unchecked, this script would raise bids by nearly 50% in 8 hours. It would triple them by the end of the day.

Imagine the horror of the scripting novice who was just testing the code without adding some safeguards first!”

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Many new PPC professionals fail to consider these dangers and jump at the chance for an easy win without hesitation.

But not you. Not now.

Game over.

Children Of The Corn: A PPC Nightmare

Jonathan Kagan, VP of Search at 9Rooftops, knows just how much PPC can be a nightmare. His scariest story, however, is more like PPC Newbies of the Corn, where the danger is way too close to home.

“We once had a former employee who knew he was going to get fired. As a last effort, he created hidden bid rules that increased bids and budgets by 1,000% every day.”

And this wasn’t the only horror story Kagan was able to share.

“We audited a YouTube account and discovered the agency handling the account previous to us showed bikini-clad ads for protein shakes on only children’s videos. And once, Google ran a YouTube campaign for us and accidentally confused the negative keyword list with the target list.”

The moral of these stories? Watch over your campaigns and your staff like children in a cornfield!

A Natural Disaster: PPC Style

Sometimes, the dangers of PPC creep up on you like a mysterious mist with giant bugs hiding inside it – you have hours of watching it, burdened with an impending sense of doom.

Other times, it’s more like Sharknado. It’s scary, quick, dangerous, but also sort of weird. And not the good kind of weird.

Amy Bishop (Owner, Cultivative, LLC) had a Sharknado PPC experience once.

“Oooh, I’ve seen some scary sights. A few months ago, I saw a PPC campaign with one ad group targeting over a thousand broad match keywords that were topically relevant, but indicating absolutely no purchase or trial intent.

Many of the keywords were single-term keywords. (I’m anonymizing the industry here so as to protect the organization since it’s a niche industry, but for the purposes of this example let’s say it was a business bookkeeping software.)

The equivalent to the terms in the account would be things like ‘bank,’ ‘payroll,’ and ‘business expense.’ They had spent so much money with no conversions to show for it. Sad, but not surprising.”

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PPC Campaigns…It’s Child’s Play

Sometimes, the sweetest and most innocent things are hiding a much deeper evil. This campaign started out looking like the ideal situation. Unfortunately, like a Chucky doll fresh out of the box on Halloween Eve, things went bad very quickly for our Director of Marketing Heather Campbell:

“This is not a story for the faint of heart. This terrible tale involves a campaign structure (or lack thereof) for a niche B2B widget maker.

Sit back. Close your eyes. Envision the best campaign structure you’ve ever put together: Geographic targeting. Time scheduling. Ad extensions. Multiple ad groups. Negative keywords. All the right things you’re supposed to do…

It’s beautiful. Almost angelic!

When I gained access to this new account and took a glimpse behind the open door, I gasped in dismay. My blood ran cold. I shook my head to clear the cobwebs…

There’s no way I just saw that.

There was one campaign—no ad groups. No targeting. No day parting. No negative keywords.

And worst of all, they ran on the broad keyword of ‘widget’ instead of long tail keywords to better define and qualify inbound leads! Not to mention the waste in ad spend on bad, irrelevant traffic and leads.”

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(Author’s note: She still winces when you mention widgets. To this day, we have to make sure her emotional support beast is nearby before having those kinds of delicate conversations.)

Urban Marketing Legends

From Bloody Mary to the Slender Man, urban legends have always been around, being whispered from generation to generation with a raised eyebrow.

For those of us in marketing, however, there are some much darker, scarier, and more common legends we should be wary of.

The Number 11

6+5= 11… 4+7=11…

Is the number 11 a blessing or a curse? What does it all mean? Turns out it means different things to different people.

Matt Snodgrass, Director of Community at MarketingProfs, tells the tale of a fantastic idea that turned into a PR nightmare –one that has haunted him to this day:

“Many years ago, in 2011, some marketing members thought an 11/11/11 campaign promo would be amazing. Because when is the next time we’re going to see *that* date, right?

Unfortunately, what these clever marketing professionals failed to realize at the time was the global audience.

While Armistice Day isn’t as widely celebrated in the US market, it is a significant event for colleagues in Europe.

They didn’t realize it until our email inboxes began filling with unhappy emails from the international community.”

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Sadly, this marketing team wasn’t the only one to make a mistake like this. If you’re planning to do any holiday marketing, make sure you’re familiar with these 14 holiday marketing mistakes.

Tradeshow: The Conjuring

You move in and set up your signage. Things go ok.

When the tradeshow is over, you get rid of all the extra MarCom material and pack up as you dream of a nice long bubble bath and some Michael Bublé.

That’s when things go horribly wrong.

Suddenly, you have to make things you thought were gone for good rise from the dead.

Or, at least, that’s what happened to our Project Manager Christina Robichaux.

“Back in my event days for a leading technical company, we were responsible for all the MarCom material for the entire event.

As we were cleaning up, the client told us we no longer needed the signage, so we should recycle it.

About an hour later, the same client came running, searching franticly for some of the signage. She needed it for an event at the home of the CEO that evening.

After some questionable dumpster-diving, we found the sign. It was sandwiched between other signage, and somehow, it was unharmed from its time spent in the dumpster. The CEO never knew the difference.”

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Yikes. Nothing like a little moonlighting in signage necromancy to bring life to the boss’s party?

(Author’s note: We’re really glad she’s on our side. And that she likes us.)

The Marketer’s Sixth Sense

Now, dear friends, we have to prepare for this last marketing horror story. Hug your loved ones, grab a blanket to hide under, and prepare yourself for the scariest story of all.

This one haunts marketing professional Adam Riemer to this day. He says, “I almost had to talk to people in person at an event once. Oy! That was terrifying. Leaving the safety of my computer for real-life interactions. No, thank you!”

Yes, after well over a year out of the real-world workforce and conference scene for many of us, that’s a terrifying thought indeed.

We hope you aren’t too traumatized! Bwahaha…

Happy Halloween everyone!

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Featured image: Shutterstock/Romolo Tavani





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DHS eases restrictions for US port and ferry entry to vaccinated travelers






























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US and EU agree deal to ease tariffs on steel and aluminium

The US and the EU have agreed to ease tariffs on billions of dollars of steel and aluminium products in a bid to resolve a trade dispute that has hung over transatlantic relations since the Trump administration.

“We have agreed with the US to pause our steel and aluminium [section 232] trade dispute and launch co-operation on a Global Arrangement on Sustainable Steel and Aluminium,” said Valdis Dombrovskis, EU trade commissioner. He said Joe Biden, US president, and Ursula von der Leyen, EU Commission president, would give more details on Sunday.

The Biden administration and the EU have been negotiating a settlement on steel and aluminium trade for months. Former president Donald Trump imposed tariffs on metals products under little-used national security legislation in 2018.

The agreement puts in place a system of tariff-rate quotas, which will allow exports of metals between the EU and the US with lower levies up to a certain volume.

The EU was set to increase retaliatory tariffs on US goods from December 1, having paused action in May to allow time for negotiations.

The deal was announced on Saturday during the G20 summit in Rome, in an arrangement US officials said would reduce global carbon emissions and Chinese overcapacity in the sector, while easing supply chain bottlenecks in the metals industry.

US trade representative Katherine Tai said that in addition to the EU eliminating retaliatory tariffs against the US, “we have agreed to suspend the WTO disputes against each other related to the 232 disputes”.

“Going forward, the US and the EU will analyse the volume of steel and aluminium imports from the EU each year, share information and best practices on trade remedies, and ensure that products from non-market economies do not benefit from the arrangement,” she said.

Tai told reporters that the agreement “also addresses global overcapacity from China and toughens enforcement mechanism to prevent leakage of Chinese and other unfairly traded steel and aluminium into the US market”.

The EU was under huge pressure from steelmakers to get the tariffs lifted. An EU official said the US would allow in at least as much steel as before the tariffs. 

The US bought around 3.2m tonnes annually from the EU before the tariffs and that has dropped by a third since.

The deal mirrors those struck with Canada and Mexico, who agreed to limit steel imports in return for the lifting of tariffs.

Kevin Dempsey, president and CEO of the American Iron and Steel Institute, an association of US metals producers that was supportive of the tariffs, said he appreciated “the Biden administration’s continued recognition that the American steel industry is critical to our national and economic security”.

But he warned: “Proper implementation and enforcement of the [tariff rate quotas] will be crucial to ensuring that the new measures are effective in meeting these critical objectives.”

US spirits producers, which had been hit by retaliatory tariffs in connection with the dispute, were thrilled. “With the removal of these EU tariffs, we are energised and ready to ramp up our American Whiskey promotions in the EU to reintroduce America’s native spirits to EU consumers and resume a great American export success story,” Distilled Spirits Council President Chris Swonger said.

The deal received some early backing on Capitol Hill. “Working together, the US and EU can successfully fight back against China’s predatory economic policies and ensure American workers succeed,” said Ron Wyden, the chair of the Senate finance committee, which has jurisdiction over trade.

“Continuing to strengthen the US-EU relationship is essential to combat China’s efforts to take over entire industries and leave American workers in the lurch,” he added.

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3 Fun Tourist Activities You Need to Try On Your Next Vacation


If you’re planning to go on vacation soon, you may want to learn about different tourist activities in the area. Learning about all the region has to offer can help inspire you to make the most out of your vacation. It can help put you in a mindset to do things you wouldn’t ever dream of doing.

Yet, there are some things that you can do to have fun no matter where you are! These are ways for you to make every trip special, no matter where you end up visiting.

And to learn more about these fun activities for your next vacation, just keep reading below!

  1. Reach New Heights With Imaginative Tourist Activities

If you’re vacationing somewhere with a lot of natural wonders, then you should go exploring! Take in all the sights and find out what the world has to offer, in every nook and cranny. You can go hiking, drive into nature, or take a less traditional perspective.

Going for a hot air balloon ride is a wonderful way to make unique memories with friends and family. It brings you to new heights, helping you take in all the sights and see new horizons. Plus, you can just go to websites like aerogelicballooning.com to easily book a ride.

  1. Experience the Local Culture With All Your Senses

It’s one thing to walk around a new city and go sightseeing. You get to take pictures of all the best buildings, make memories in new locations, and listen to the sounds of a new place. However, there are more ways to satisfy your senses and take in all the destination has to offer.

You can arrange a food tour, going to different restaurants for every meal to taste what your relaxation spot has to offer. The best way to learn about a new place is to try its cuisine, after all. It tells you about the kinds of things people in the area value, and what the area is built on.

If there are tons of spices in the food, you can expect dazzling sights from the area. But if it is juicy and savory, you may want to enjoy the quiet moments while on vacation. Plus, you can try to areas preferred beverages — with or without alcohol.

  1. Go Wild at the Local Zoo

Most major cities have one thing that is fun for the whole family — a zoo. There, you can explore the local wildlife and learn more about what the ecology is like. Most zookeepers are eager to teach people about what animals are like and how they’re cared for.

They’re also eager to teach people about how they can preserve the local wildlife, and issues the area is facing. When you go to a zoo, you don’t just get great photo opportunities with exotic animals. You can learn things you would have never known before and immerse yourself in the region.

The Most Important Part of Any Trip Is to Have Fun

It can be overwhelming to have so many tourist activities at your disposal. You may not know which one you want to do, and you may end up trying to cram too many different experiences into your trip. And if you try to do too much at once, you may not have enough time to relax and enjoy yourself.

To make good memories, you need to take time for yourself on your trip. Do the things that you want to do, not just the things that you think you should do. And to learn more about how to make the most of your trip, just keep reading our website here!



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Saturday, 30 October 2021

Mexico’s economic contraction clouds pandemic recovery

A sudden drop in Mexican gross domestic product in the third quarter has analysts and investors asking: how fragile is the country’s recovery?

The growth of many economies — including the US — slowed in the three months to end-September as a third wave of Covid-19 cases hit, but Mexico’s estimated 0.2 per cent quarter on quarter contraction announced on Friday was its first since the middle of last year.

At constant prices, the country’s GDP is probably only at 2016 levels and analysts say it faces further risks from supply chain disruptions and policy decisions by the government of president Andrés Manuel López Obrador.

The peso began to weaken against the dollar on Tuesday, sliding 2 per cent against the greenback to Friday afternoon in New York, from 20.1718 pesos to 20.5782 per dollar. It put the currency on course for its worst week since mid-August and marked it out as one of the worst-performing emerging market currencies, with only the South African rand sliding further against the dollar.

Gabriel Yorio, deputy finance minister, said at a news conference that the government maintained its growth estimates for 2021 and 2022 and that consumption, investment and employment were almost at pre-pandemic levels.

“This figure does not interrupt the path of growth,” he said.

Playing in Mexico’s favour are record remittances and strong manufacturing exports — excluding a sharp drop in the car sector. Analysts at BBVA said the economy could still reach 6 per cent growth this year and that the negative number was partly driven by a recent labour reform that severely restricted subcontracting.

But the global shortage of semiconductor chips hammering Mexico’s car plants, as well as an uncertain investment climate and a US slowdown would continue to drag into next year, analysts said.

Private sector leaders say a proposed energy reform would do irreversible economic damage and make electricity dirtier and more expensive for companies and consumers if passed.

“What do I see on the horizon? A lot of challenges for Mexico,” said Gabriela Siller, head of financial and economic research at Banco Base.

With inflation now above 6 per cent, the Bank of Mexico has raised interest rates 25 basis points at each of its past three meetings. Analysts expect it to raise rates again in November.

Analysts at JPMorgan said manufacturing headwinds and fragile investment amid poor policy guidance were downside risks.

Uncertainty over nationalist López Obrador’s policy plans meant Mexico’s economy was already shrinking before the pandemic — with a 0.1 per cent decline in 2019 preceding an 8.5 per cent drop in 2020. Siller estimates that GDP will not fully recover to its 2018 peak levels until 2023, while GDP per capita could take until 2027.

“The bigger picture is that the recovery will still struggle from here,” said Nikhil Sanghani, emerging markets economist at Capital Economics. “The recovery will fare worse than in most other major economies in Latin America.”

Additional reporting by Joe Rennison

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Cash Industry Focuses on Environmental Sustainability as Cash Usage Grows Despite Digital Adoption



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The Major Stock Indices Must Hold These Key Support Levels | Mish’s Market Minute


Next week, investors are expecting the Fed to announce a reduction in the monthly bond-buying program. Jerome Powell, the Fed chair, has previously stated that he’s looking to keep the original tapering schedule. This means there should not be any surprises investors need to worry about.

At least we hope.

While the media focuses on the upcoming Fed meeting, it has also cast worry on the weak 2% annual growth rate the U.S. economy now faces. However, looking at the major indices, including the S&P 500 (SPY), Nasdaq 100 (QQQ) and the Small-cap index Russell 2000 (IWM), we can see that investors don’t seem very worried. Having said that, a recent break to new highs does leave the market in a pivotal area that we need to be cautious of. This is where technical analysis comes in.

Looking at the above charts, the SPY’s recent dip to $453.86 created a new support level. This support level also lines up with the breakout to new highs and the 10-day moving average (pink line) as of Friday’s close. Though the tech-heavy QQQ does not line up with great support like the SPY, it has made another close over its breakout level at $382.78.

While the QQQ and SPY give us a picture of the large-cap companies, IWM takes the small-cap side. So far, IWM made an unconvincing close over its 10-day moving average. Though it was able to make a rapid recovery from Wednesday’s selloff, IWM remains under pressure from the highs of its 6-month trading range. Additionally, IWM desperately needs to clear and hold over $229.84 before it can attempt new all-time highs.

With that said, keep these support levels in mind, for, if the market begins to break down through next week’s trading session, these are the price areas the major indices need to bounce back from.


Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

So far this earning season has proven to have some big winners and some big losers! On this week’s edition of StockCharts TV’s Mish’s Market Minute, Mish takes you through those that have already reported and those who are about to report to give you the setups both long and short.


ETF Summary

  • S&P 500 (SPY): New highs.
  • Russell 2000 (IWM): Held 227.09 the 10-DMA.
  • Dow (DIA): Holding near highs and the 10-DMA.
  • Nasdaq (QQQ): New highs.
  • KRE (Regional Banks): Sitting under the 10-DMA at 71.60.
  • SMH (Semiconductors): 262.60 main support area.
  • IYT (Transportation): 276.69 high to clear.
  • IBB (Biotechnology): 160.29 to clear from the 200-DMA.
  • XRT (Retail): Watching for bullish phase change with second close over 93.56 the 50-DMA.

Forrest Crist-Ruiz

MarketGauge.com

Assistant Director of Trading Research and Education

Mish Schneider
About the author:
Mish Schneider serves as Director of Trading Education at MarketGauge.com. For nearly 20 years, MarketGauge.com has provided financial information and education to thousands of individuals, as well as to large financial institutions and publications such as Barron’s, Fidelity, ILX Systems, Thomson Reuters and Bank of America. In 2017, MarketWatch, owned by Dow Jones, named Mish one of the top 50 financial people to follow on Twitter. In 2018, Mish was the winner of the Top Stock Pick of the year for RealVision.

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Ofgem/UK energy: regulator has failed a real-world stress test

Bad luck preys upon the unprepared. Multiple corporate failures in UK energy retailing reflect the policy failures of Westminster and Ofgem...