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Keith,Consider tripling the PPC $ and the total spend numbers are still light # of Site Visitors# from PPCAvg $ P/clickTotal PPC spendTOTAL Online Spend1,00060$3.50$210.00$381.822,000120$3.50$420.00$763.644,000240$3.50$840.00$1,527.278,000480$3.50$1,680.00$3,054.5516,000960$3.50$3,360.00$6,109.0932,0001920$3.50$6,720.00$12,218.18Back-o-de-napkin time!I don't have the data to back up this gut call, lets keep it loose and not get granular.Assuming you dont have a highline or exotic store, If you have 8,000 uniques per month and your store closes between 1% to 3% of your site visitors, lets go in the middle with a sales/web visitor ratio of 2%, so 8,000 visits connects to about 160 units a month. A store that sells 160 units per month with an ad cost of $500 PVR = $80,000 monthly ad budget.In the example above (using the inflated $3.50 CPC), a dealer with 8,000 uniques has a total online spend of $3,054. THATS NUTZ. Oppps, I mean... that's missing opportunities! The Digital spend is only 4% of the Dealers marketing campaign. That ain't right.
Keith,
Consider tripling the PPC $ and the total spend numbers are still light
Back-o-de-napkin time!
I don't have the data to back up this gut call, lets keep it loose and not get granular.
Assuming you dont have a highline or exotic store, If you have 8,000 uniques per month and your store closes between 1% to 3% of your site visitors, lets go in the middle with a sales/web visitor ratio of 2%, so 8,000 visits connects to about 160 units a month. A store that sells 160 units per month with an ad cost of $500 PVR = $80,000 monthly ad budget.
In the example above (using the inflated $3.50 CPC), a dealer with 8,000 uniques has a total online spend of $3,054. THATS NUTZ. Oppps, I mean... that's missing opportunities! The Digital spend is only 4% of the Dealers marketing campaign. That ain't right.