The Google pay-per-click (PPC) advertising model as we know it is changing. Google has started working on a number of new ad models that are designed to offer inventive ways for advertisers to connect with Google users. The three new ad models aim to make it easier and more effective for businesses to communicate with potential customers. All three models are currently in a limited release stage, but will debut for a wider audience soon. Watch more about the ads here and read on for a brief overview of the new models.
Comparison Ad
The AdWords Comparison Ads model lets users easily compare multiple relevant offers at once. For businesses, it provides a new, sophisticated cost-per-lead format that is designed to deliver higher quality leads by allowing users to sort and compare a variety of offers. Mortgage loan and credit card industries in certain countries are the only sectors currently involved, but more viewers and advertisers will gain access as the program is developed.
Product Listing Ad
The new Product Listing Ads are search ads that include product and merchant information without needing extra keywords or ad text, allowing businesses to easily promote their entire product line. Items relevant to the user’s search will be shown along with price, image and name, all pulled from the associated Google Merchant Center account. The fee will be on a cost-per-action (CPA) basis, which requires payment only when a user clicks on an ad and completes a purchase and involves a much lower risk than PPC payment options. Watch more here.
Media Ad
Finally, Media Ads are a truly unique way for a business to target and pay for video ads on Google. Targeting is entirely automated, eliminating the need to select keywords. Google’s algorithms determine when to display the ad when someone starts a search, at which point they will automatically display the most relevant Media Ad at the top of the page. When clicked on, the ad will expand and the rest of the screen will dim, ensuring the user’s full attention is on the video. Bidding is not required as payment is based on a flat rate, simplifying the budgeting process for businesses.
