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Why is the inquiry cost three times higher than peers after investing 2 million in Google advertising?

In the field of digital marketing, Google advertising is undoubtedly an important channel for many businesses to acquire customers. However, many companies, after investing a large amount of funds, find that inquiry costs remain high, even several times higher than their peers. Why on earth is this?

Firstly, the precision of advertising placement strategy is crucial. Many companies often only focus on budget and keyword selection when placing advertisements, while neglecting the precise targeting of the target audience. If your advertisement does not reach customers who truly need it, even if the click through rate is high, it will be difficult to convert it into effective inquiries. Therefore, optimizing advertising placement strategies and accurately targeting the target audience is the first step in reducing inquiry costs.

Secondly, the quality of advertising content directly affects conversion rates. Some companies do not invest enough in advertising creativity, resulting in insufficient appeal of the advertisement. Users click on it only to find that the content does not match their expectations and quickly leave the page. This not only wastes advertising budget, but also lowers the quality score of advertising accounts, further pushing up advertising costs. Therefore, enhancing the attractiveness and relevance of advertising content is the key to reducing inquiry costs.

In addition, data analysis and optimization are indispensable aspects of advertising placement. Many companies lack in-depth analysis of data after advertising, and are unable to promptly identify the reasons for poor advertising effectiveness. By regularly analyzing advertising data and adjusting parameters such as keywords, bidding, and delivery time, advertising effectiveness can be effectively improved and inquiry costs can be reduced.

Finally, peer competition is also an important factor affecting inquiry costs. If your competitors are more precise and efficient in advertising, your advertising costs will naturally skyrocket. Therefore, understanding competitors' advertising strategies and adjusting one's own advertising plans in a timely manner is necessary to gain an advantage in the fierce market competition.

In short, reducing the inquiry cost of Google advertising is not achieved overnight, but requires continuous optimization of advertising effectiveness from multiple aspects such as strategy, content, data, and competition. Only in this way can we obtain more effective inquiries within a limited budget and maximize the return on advertising investment.

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