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While all around them toil and struggle during the economic slowdown, Google appear to be as impervious as they are imperious. Over the previous quarter it has been reported that they made a net income of $1.48bn, helping to deliver a staggering 18% annual increase in profits.
These figures are testament to the company’s global spread, and adds further weight to their claim to being the world’s most popular website. Turning success into profit isn’t always as straightforward as it sounds – just ask Google-owned video sharing site YouTube – however, the search giants certainly don’t appear to be feeling the pinch.
A major source of income for Google, just as it is with other search engines, is through paid advertisements. Despite slight drops in advertising outlays, PPC remains a very strong source of targeted traffic for websites and marketers are more than happy to benefit from this malleable form of advertising. It’s also another reason why companies like Microsoft are so keen to get in on the act.
In today’s multichannel world, there are mountains of data which provide insights into how users have interacted with your business and their path to conversion (or non-conversion). It is important to understand performance with multichannel marketing, which can be achieved through attribution modelling. Attribution refers to assigning credit to something (a channel, touchpoint, etc.) for the role it played in the final conversion. An attribution model is a rule, or set of rules, that assigns this credit correctly to the right channel or touchpoint.
For a long time, Bing, the UK’s second-largest search engine, has been underappreciated and, in some instances, even ignored. Often regarded as the inferior search engine to market leader Google, Bing has historically struggled to appeal to many in the digital world. Most PPC analysts would give justified reasons for neglecting Bing for so long; these include the volume of traffic and the user experience just not matching up to Google. However, the validity of these assessments is now diminishing. Bing has grown and improved rapidly in the last couple of years; if you are not integrating it into your comprehensive digital marketing plan, you run the risk of missing out on a large portion of your chosen market and significant revenue.