Bing Updates Incremental Bidding to Align with Enhanced Campaigns
August 2, 2013
Bing recently updated they way incremental bids are calculated to mimic AdWords enhanced campaigns to allow for easy importing into Bing. The update (which started in July) will use multiplicative percentages, instead of adding multiple bid adjustments together as the platform did previously:
“Beginning in July 2013, we are updating the way we calculate multiple incremental bids. As we go through this transition over several weeks, the bids in your account might be calculated using the old method, the updated method, or a combination of both. After the transition is complete, all bids will be calculated using the new method. See below for more details.” Bing
Old Method: Additive Bids
If a particular search user matches multiple targeting criteria, the adjustments are combined using addition. For example, let’s say you have set up the following bids and targeting:
- Keyword bid = $1.00
- Target location = Chicago, Incremental bid = Bid + 20%
- Target days = Saturday, Incremental bid = Bid + 10%
Given the above data, the potential maximum amount for your bid is as follows:
New Method: Multiplicative Bids
In order to align with industry standards, our new method will combine multiple bid adjustments using multiplication instead of addition. Let’s use the same example:
- Keyword bid = $1.00
- Target location = Chicago, Incremental bid = Bid * 20%
- Target days = Saturday, Incremental bid = Bid * 10%
How to Use Bing Incremental Bids
Long before enhanced campaigns were even a twinkle in AdWords’ eye, Bing has been blazing the trails of incremental bid targeting and I’m embarrassed to say – I haven’t used it, YET (*hangs head in shame*). Well those days are over, my friends! With the recent updates in Bing and enhanced campaigns rolling out, incremental bidding is going to continue to grow in importance and I will be jumping on the bandwagon. Plus, there are many cool ways to target customers with incremental bids.
For example: you could choose to incrementally increase your bids on Women, who are between the ages of 25-34, who live in Chicago (x 1.20), on Saturdays (x 1.10).
How to Set-Up Incremental Bids:
You can find them either in your Bing Ads campaign or ad group settings, under “advanced targeting options”. There you’ll find the criteria specific to what you want to bid more or less on. It’s super easy! See below.
Things to keep in Mind When Using Incremental Bids:
- New multiplicative bids could potentially see higher maximum bids for multiple bid adjustments vs. using the additive method
- Incremental bids are rounded down to the nearest cent.
- When you place an incremental bid for geographical location, day of the week, or time of day, you can use targeting to choose whether to display your ads only to target customers or to all customers. When you place an incremental bid for age or gender, your ads are displayed to all customers, but your incremental bid can increase the likelihood of your ad being displayed to the specified gender and age segments. In all cases, you pay the incremental bid only when one or more of the target criterion is met and your ad is clicked.
If you are already a Bing incremental bidding trailblazer, keep your eyes peeled in your account for the new updates and let us know how it has worked for you! I plan to give Bing incremental bidding a whirl and will report back my findings with all of you fine folks in the coming weeks.
Keynotes from Bing & Google + the Hero Conf Advanced Track
Where do you go to get the most relevant information in PPC, plus the opportunity to network with the best and brightest the industry has to offer? Why Hero Conf, of course.
3 Questions You Need To Answer Before Beginning Paid Advertising
So you’ve you decided you want to start PPC advertising, but now you are asking, “Where do I start?” We've listed and answered 3 questions you should be asking.
Road Trip - 5 Tips For Creating International Campaigns
International markets can add complexity to any account, but here are a few settings and opportunities to make your global ad strategy stand out in non-US markets.
A bi-weekly newsletter packed full of resources and strategies that will help make you a better PPC expert.
Hanapin Marketing | The PPC Agency of Experts Behind PPC Hero
Discover 3 Levels Of Geo Targeting For Beginners, Intermediates, & Experts
Setting geographic targets is day one. Whether it’s to exclude places you cannot sell or serve or to specifically target your primary customer base, the implementation of geo-targets is on the must-do list.
[New Webinar!] What You Need To Know About New AdWords Features
In this new live webinar, Hanapin Associate Director of Services Jeff Baum and Optmyzr’s CEO Frederick Vallaeys will walk you through the new AdWords tools and show how you can use them to optimize your accounts.
The Social Strategies You Need To Know For App Promotion
Create social strategies to promote app awareness and leverage geographic and demographic data reported by these platforms to refine audiences.
Guide the Industry and Take the 2016 State of PPC Survey!
Each year, Hanapin Marketing manages extensive research into the State of PPC Report, which provides a statistical breakdown of the digital ad industry and guides expectations.
What's In A Name? Building Powerful Product Titles For Ecommerce
Over the years, we've tested a variety of different product title alterations in hopes of finding the perfect title. Did we? Yes, and no. The fact of the matter is, it depends.
What Upgraded Bing URLs Mean For You
Bing is continuing its effort to catch up with Adwords. Upgraded URLs, which isolate tracking parameters from final URLs, are now available to Bing advertisers.
Where Does Your Hero Conf Dollar (or Pound) Go?
5 Common Excel Issues And How To Fix
Excel, while a fabulous tool for PPC, is not without its occasional hang-ups. In this post, we’ll go through some common problems, and how to fix them.
[New Whitepaper!] Guide to Google AdWords: Advanced Edition
In this whitepaper, you will gain a greater understanding of the distinction between e-commerce and lead generation PPC strategies, learn the effective use of Remarketing, how to utilize advanced segmentation for improved targeting, cross-device attribution, and how to use automated rules in your accounts.
Google Announces Controversial Updates To The Keyword Planner Tool
Google updated the AdWords Community on the state of the Keyword Planner tool and the response from several advertisers was quite dramatic.