Black Friday is possibly the most important shopping event of the year.
Last year, the UK’s online retailers earned a whopping £1.4bn over the Black Friday weekend alone. This leads to an enormous amount of pressure on digital marketers, who find their ambitious sales targets jumping up year on year with each previous success.
UK retailers like John Lewis and Dixons Carphone are used to winning big on Black Friday — which puts enormous pressure on marketers.
So what can be done to ensure that PPC managers and executives hit those inflated targets?
Before we dig into tactics, we need first to understand the broader trend of Black Friday.
One of the great things about working in a fast-paced world is that we can generate key learnings pretty rapidly.
The Bring PPC team have helped me analyse all the available data to determine some of the key trends about the Black Friday period year on year.
Here are some of the highlights.
There have been murmurings from time to time that, despite its successes, the future of Black Friday is questionable, with some asserting it’s already hit its peak.
There is some truth to this: Black Friday peak is in decline.
However, data shows that the demand in the weeks surrounding Black Friday — i.e. the holiday season as a whole — will probably continue to grow, with 2018 set to be yet another record year.
What has changed is the demand throughout the rest of the year. As more and more people anticipate incredible deals around Black Friday, they tend to shop less at other times. It’s also worth noting that Black Friday shoppers appear to be in the market for items for themselves since the Black Friday peak has no effect on seasonal trends for gifting.
One of the key trends that have accompanied the rise of Black Friday over the last decade is the shift from in-store shopping to online sales instead.
As it turns out, people are doing their research far before the peak period — but an increasing trust in fast and reliable delivery means that people are waiting later to buy.
Data from sources like Hitwise reflects a similar opportunity:
This shift towards earlier research has stretched Black Friday out from the one-day event that it used to be to week or even month-long retail events.
Last year, Amazon’s Black Friday sale started a week earlier than Black Friday itself, with deals going live on the 14th November.
That means that Amazon’s Black Friday lasted for nearly 11 days in total — and it doesn’t look likely to change this time around.
The truth is that retailers like Amazon and Asda are now spreading out the sale partly due to necessity. The popularity of the retail holiday means that stores need to protect themselves from website meltdowns and in-store chaos. Easing congestion by spreading out the deals is one of the best ways to do this.
It’s also worth noting that consumers themselves have said that they would rather make Black Friday purchases online than in-store.
And since websites have less of a captive audience than brick-and-mortar stores, users are more likely to compare and meditate over a purchase to make sure they’re getting the very best deal.
The shoppers that are hitting the high street are spending more and more time online while they do so via mobile devices, so customers can find online deals even when they’re in the store.
With more and more shoppers expecting longer Black Friday deals and turning to online retailers to get them, PPC experts need to step up to the plate to meet the extraordinary demand.
But never fear. I’ve put together the five key areas I believe you need to perfect to dominate this year’s Black Friday sales— and some of them are easier to do than you might think.
First thing’s first — the same rules apply when you’re running ads during peak as do during the off-season.
If your account is in a shambles, you’ll struggle to get any shoppers through to your site, regardless of how juicy the deals are.
An easy and effective way to check the current state of your account is to ask yourself three key questions:
Below, we’ve put together a visualisation to show you what specifically you should think about in each area.
Start things off with some checks and balances of the following:
As we get closer to 2019 — the same year that Harrison Ford’s Rick Deckard was chasing down replicants in Blade Runner’s dystopian Los Angeles — the phrase that’s on everybody’s lips is “machine learning”.
If you’re not embracing machine learning in your bidding strategy, you’re at risk of falling behind. No matter how good your manual process might be, it can’t compete with an account that can instantly react to the changing market.
If you’re not already familiar with it, get acquainted with Smart Bidding. Smart Bidding uses machine learning to optimise the conversion rate and value of your ads.
IF functions allow you to create text ads that change when a specific condition has been met.
For example, let’s say you want to show a specific message to users that see your ad on mobile rather than desktop. You can use a simple IF function to do exactly that. All you’d need to do is add the following formula:
=IF(device=mobile,[YOUR MESSAGE HERE])
Here’s how that looks practically:
You can include IF functions anywhere in your text ad except for the Final URL field. You can also add user lists from your account to target specific user groups you’ve outlined for your campaigns.
Here are the supported targets you can use for your IF functions:
In the age of personalisation, it’s naive to believe in a ‘one-size-fits-all’ strategy.
But there are still plenty of Google Ads accounts that fail to account for the different buying stages that their customers are at.
If you want to maximise sales on Black Friday, you need an audience strategy that can incorporate CRM data to feed your wider digital acquisition strategy. That means splitting your audience into a minimum of three defined groups, and splitting each of those groups into sub-categories that you can target with customised ads:
Yes, Black Friday can feel manic and stressful and — if you’re unprepared — downright scary.
But if you’re willing to put a little extra work into your strategy before the big day comes around, you might just find it’s a dream come true.
How are you planning on staying one step ahead this Black Friday? Let us know in the comments below.