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How useful are Bid Management Tools?

To what extent can they meet or beat ROI targets?

     

Stronkie

11:58 am on Feb 23, 2006 (gmt 0)

5+ Year Member



I am familiarising myself with a host of bid management tools in the quest to find the Ultimate, All Conquering, Bid Management Tool or UACBMT for short.... that really rolls off the tongue huh?

Setting ROI based rules is all very well, but can any of these tools analyse your 'through to order tracking' results and adjust bids accordingly?

What attributes do you find most useful/effecctive in the tool you are using?

What attricutes do you find totally pointless/annoying?

makemetop

12:41 pm on Feb 23, 2006 (gmt 0)



>can any of these tools analyse your 'through to order tracking' results and adjust bids accordingly?

Yes. All the good tools out there can do this function - both on a keyword by keyword basis and on a category/portfolio basis.

Ability to run campaigns which take into consideration ROI, CPA, CPO or profitability criteria is core to these tools.

MikaelTC

12:23 am on Feb 24, 2006 (gmt 0)

5+ Year Member



Ahh, the dream bid managment tool.

I've had talks with folks from some of the bigger bid managment companies, and taken a look at a couple of the smaller guys too. I came away with the thought that there is not yet a "best" tool. Each of them has a core competency like datafeed managment, or paid inclusion managment or Google managment. But a major drawback that I've found with all of the smaller solutions and even some big name companies is scalability; some of them would work great for 50-100 keywords, but adding more keywords either breaks the system or adds ridiculous costs for simple 'actions' like checking the bid.

Folks like Efficient Frontiers or Channel Advisor seem to work well for big companies, but smaller guys might not like the hefty fees. I've heard glowing testimonials though, so maybe it's worth a shot.

 

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