SEM Software – Four Amazing Tools

Jul. 21

I’m a tremendous fan of pay per click automation. I just wrote a FREE 12 page whitepaper all about buying the right search marketing software platform. I highly recommend checking it out!

Last Friday, I also wrote all about portfolio theory versus margin maximization bidding models. Today, I’m super excited to continue the SEM automation trend and discuss four of the most popular SEM software tools. Specifically, I’m going to introduce Marin Software, Kenshoo, Efficient Frontier, and ClickEquations. While there are pros and cons with all tools, I’m really going to focus on some of the high level pros of each tool today. At the end of today’s post, I’m hoping you go away with four great tools that you can evaluate for your organization’s SEM program.

Marin Software – The Industry Leader

One Plus One

I’m starting with Marin Software because it’s one of my favorite SEM software tools of all time. In fact, I had the pleasure of recently interviewing Matt Lawson from Marin Software (one of my favorite posts on PPC Ian). Following are a few of my favorite things about Marin:

  • As the largest search marketing application, Marin has over 180 customers and $1 billion in annual paid search spend. This figure is absolutely amazing! More than anything, more spend equals more features (and better features). Marin clearly has the client base to support best of breed innovation.
    • Just one recent example: Marin now supports Facebook Ads. (I’m a big believer in the future of Facebook and also recommend checking out my review of Jonathan Volk’s Facebook Ads book.)
  • Marin Software has the best account management team, period. I personally know several of the account managers at Marin and give them my highest recommendation. Marin hires the top dogs of the corporate pay per click industry, account managers that can truly add value to your program. It’s actually quite funny: The best campaign managers I know all end up joining Marin!
  • As you know from my last post, I’m a huge fan of the margin maximization bidding model. Marin offers a no-nonsense (anti-black box) bidding model that absolutely delivers. In my opinion, it’s the best bidding engine out there.
  • Marin’s user interface is amazing and polished. If you’re going to be in one application all day, you want one that’s easy to use, visually appealing, and powerful, right? You get all of these benefits with Marin. They truly put the user first.
Kenshoo – Intelligent Campaign Automation

Kenshoo is another one of my favorite search marketing applications. It’s actually really crazy: About a year ago, I visited an office warming party at Kenshoo’s new San Francisco office and had the pleasure of meeting and chatting with Mike Moritz, one of the top venture capitalists in the world. Over the last year and a half, I’ve really gotten to know the Kenshoo team and give them my top recommendation. Following are just a of my favorite things about Kenshoo:

  • Kenshoo is new! Let’s face it: The search engine marketing industry has matured. I’ve been doing this stuff for over 6 years now and can hardly believe it. The beauty of Kenshoo is it’s a brand new application so its code base is fresh, innovative, and fast.
  • As you may know, I earned my BS in Computer Science from Stanford University back in 2004. Recently, I spoke all about online marketing at Stanford’s Graduate School of Business. I love technology and innovation. Kenshoo is all about innovation. Their roots are in technology and they think and build innovation like true engineers.
  • If you’re in product shopping, Kenshoo offers amazing crawling technology that will spider your site and link your SEM campaigns into the various nodes of your site. This technology can do some really great stuff such as keeping prices in your ad copy up to date with current prices on your site, and so much more.
Efficient Frontier – Optimized Performance Marketing

Next I’m looking forward to discussing some of my favorite aspects of Efficient Frontier. Efficient Frontier is a little different than Marin Software and Kenshoo in that it’s more of an agency package. Marin Software and Kenshoo enable internal SEM teams to better manage their campaigns. Efficient Frontier, however, not only offers an amazing software solution but also combines it with the leverage of agency resources. If you’re looking to leverage one of the most amazing bidding models out there while outsourcing your campaign management, Efficient Frontier is an excellent option. Following are a few highlights:

  • Efficient Frontier offers the premier portfolio theory based bidding model around. As I discussed in my last post, there are two really great bidding models for the corporate setting: portfolio theory and also margin maximization. If you’re under a budget (especially a strict one), I’d definitely encourage you to investigate portfolio theory.
  • How many people work on your team? Do you plan to hire more? Let’s face it: There are many situations where you simply don’t have the ability to hire more team members, but you need more scale. Now, it’s my firm belief that any of the tools in this post will help you in that situation, they all offer scale. However, there’s nothing like the power of outsourcing and agency assistance for maximum leverage.
  • Efficient Frontier is the leader in algorithmic bidding. They employ some of the most amazing PhDs in the industry and can truly take your bidding to the next level.
ClickEquations – The First Intelligent Paid Search Solution

I’m going to close out today with ClickEquations. ClickEquations is a newer paid search application that has taken the industry by storm. I’m going to write a bit less about ClickEquations simply because I don’t know as much about it. However, that definitely doesn’t mean there is anything less valuable with this tool. Following are some of my favorite things about ClickEquations:

  • The management team at ClickEquations truly gets it. At SMX Advanced Seattle, I had the pleasure of hearing Craig Danuloff, President and Founder of ClickEquations, talk about Quality score. He presented a quality score whitepaper that is truly the best I’ve seen on the topic. I highly recommend checking it out! After reading this whitepaper, I’m convinced you will be a fan of ClickEquations too!
  • ClickEquations has a superb team. At multiple conferences, I’ve heard Alex Cohen (Digital Alex) speak on behalf of his employer, ClickEquations. This guy always hits the ball out of the park and makes a great name for his company. It’s people like this that truly inspire confidence.
  • I’m a big fan of the ClickEquations Blog. The blog makes a great name for the company and I can’t wait to learn more about this great SEM tool.

Image of One Plus One © iStockPhoto – topshotUK

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Interview: Matt Lawson from Marin Software

Feb. 10

In general, I’m a big fan of interviews because they open the opportunity to work closely with other amazing professionals in the industry. Moreover, they provide very compelling content. To that end, I’m officially launching PPC Ian’s interview category! Today, I and extremely honored and lucky to launch my interview category by interviewing none other than Matt Lawson, Director of Marketing at Marin Software!

Matt Lawson Marin Software

As someone with a Stanford Computer Science background, I truly appreciate the power of a great search marketing application. There are many applications out there. However, as someone who’s personally product managed two in-house systems, surveyed all of the major tools out there, and leveraged Marin Software first hand, I am very confident saying Marin is in a league of its own. However, enough about me! Let’s jump right into the interview and learn all about Marin Search Marketer.

Ian: Matt, I’m just about the biggest Marin Software fan out there. It’s a real pleasure and honor to interview you, thanks so much for sharing your time with everyone who reads PPC Ian!

Matt: Thanks Ian and congrats on the PPC Ian blog! We have more than a few readers here at Marin Software, and we are excited to be your first interview.

The Perfect Combination of Creativity and Science

Ian: I am very honored that the folks at Marin are reading my blog! Matt, you’re Director of Marketing at perhaps the coolest search technology company out there. How did you arrive at Marin? How long have you been there? Would be really curious to hear a bit about yourself and your career path!

Marin Software

Matt: I think everyone who ends up in paid search, finds themselves here because it provides the perfect combination of creativity and science. My digital marketing career began about 7 years ago at Coremetrics – which is now a leading web analytics provider. Back then the search engines didn’t even have API’s, so marketers would cross reference their search engine data with their analytics package manually to figure out which programs were working. At first paid search was a small piece of the marketing pie, but as it grew it became pretty clear to me that the market would demand applications for managing paid search. Wister Walcott, a friend of mine from a prior job recruited me to come work at Marin about 6 months ago, and I’ve been enjoying the ride ever since.

Over $800 Million In Annualized Paid Search Spend

Ian: For those who are a bit newer to the pay per click technology space, could you please start off with an introduction to Marin Search Marketer? What do you guys do? What’s your application all about?

Matt: Sure. We provide a software-as-a-service solution for managing paid search that’s designed for large advertisers and agencies. Running an enterprise-class paid search campaign has its unique challenges – reporting across millions of keywords, modeling large data sets for accurate bidding, and attempting to manage across hundreds of campaigns and thousands of ad groups. Marin Software helps search marketers save time and improve financial performance through a combination of automation, improved workflow, and optimization tools. In just three short years we’ve grown to a leadership position in the space, with over $800 million in annualized paid search spend being managed through our platform today.

Marin Search Marketer: Power and Ease of Use

Ian: These days, there exists a huge selection of search marketing tools. What’s different about Marin? How do you guys compare to some of the other tools out there?

Matt: There are a lot of reasons why we’re different; it’s hard to pick one! If I had to choose, I would say the real difference with Marin is that our tools provide a great combination of power and ease of use. A lot of paid search tools out there are simply too complex to use, forcing search marketers to rely on spreadsheets or vendor client service teams to accomplish their goals. That not only slows the process down, but it takes success out of the hands of the search marketer. Marin empowers users to manage campaigns, while at the same time delivering all of the automation and optimization capabilities that you would expect from an enterprise class tool.

Marin Takes a Novel Approach To Customer Service

Ian: One of the things that consistently impresses me about Marin is your ability to attract top-notch account managers, pay per clickers who have managed multi-million dollar campaigns at previous gigs (basically the industry’s top dogs). In my opinion, these are the perfect professionals to help your clients achieve major success. What’s your secret? Would love to hear more about your recruiting strategy.

Matt: How we service clients is truly unique to Marin. A lot of enterprise companies hire support teams with a rich history of…well, enterprise software support. In our case, we simply chose a different route. By focusing on hiring search marketers rather than software guru’s, our clients get more than just training. They get coaching in best practices and a helping hand when it comes to solving hard the hard problems in search. The secret isn’t in the recruiting, it’s simply that we decided to take a novel approach to servicing our customers and it’s paid off.

Marin’s Famous Bidding Algorithm and Key Features

Ian: Digging into the specifics about Marin Search Marketer, could you please walk everyone through a few of your highest leverage features? One that I know everyone would love to hear a little about is your bidding engine (arguably the best in the industry).

Matt: Of course. When I think about Marin, I think about several key features:

  • First, our Analytics to Action interface is a critical piece of our clients’ success. Because we allow marketers to take action on data from directly within reports, they experience a more natural workflow for paid search. Lack of adoption is the #1 reason that software implementations fail, so at Marin we’ve made it a priority to make our interface as easy to use as possible.
  • Our bidding provides all of the power of a portfolio based solution, with all of the control that a rules based solution provides. Marketers can easily set up business goals and run our automated bidding in a lights-out fashion, or they can manipulate bids for key terms. By putting search marketers in control and giving them the tools they need for success, they can adapt their bidding strategies to meet the unique needs of their business.
  • Finally our optimization tools allow you to aggressively improve ROI by applying a full suite of campaign management best practices. We provide keyword suggestion tools to help you quickly grow your campaigns, as well as tools for testing creative and landing pages. We also help you to manage match types and ad group structure to maximize campaign quality.
A Company of Search Marketers

Ian: There’s no doubt about it, your UI is incredibly polished with a tremendous amount of thought and testing behind it. Would love to hear a bit more about your overall UI strategy and your take on making pay per click professionals as efficient as possible.

Matt: We are a company of search marketers – in fact our entire client service team has a history of running actual paid search campaigns. As a result, we have been able to center our design philosophy around the day to day needs of search marketers. We call this our "day in the life" methodology. When we build new features we work with our client teams to evaluate the complete workflow, trying to minimize the time and effort required to complete a task. More importantly, when we push a new release our client services team is the first to test new features – before our customers even see it. By making sure that it works for people who have actually been in the trenches, it helps us deliver a product that goes beyond checking the box on feature requirements.

Yesterday, I was talking to a customer about our product and asked them what we could do better from a UI perspective. They literally told me that they couldn’t imagine a UI better than the one we have! We love that kind of feedback, even though we know we can’t rest on our laurels. Tomorrow our product team will be dreaming up a new way to shave half a second off of the time it takes to copy a campaign. With search marketing, time really does equal money.

Transparency Is Critical To Search Marketing Success

Ian: From a marketing perspective, Marin has branded itself as the "anti-black box SEM" company. Would be interested to learn more. What does black box mean to you and how do you guys create transparency?

Matt: We think transparency is critical to search marketing success. With most portfolio based bid engines, the search marketer has no visibility into how bids are calculated. That’s great, until something goes wrong and you need to troubleshoot it. We expose all of the data and calculations that go into generating a bid, so search marketers can see how our algorithm is affecting their most important daily decision – how much to spend on a keyword.

It’s interesting to note that this concept of transparency permeates everything that we do. For example, we post the pricing for our software on our website for the entire world to see. When we encounter a problem with a client, we surface it and address it head on rather than try to sweep it under the rug. At the end of the day, we believe being transparent with your customers is not only the right thing to do, it’s critical to long term success.

Employees Take Ownership In Marin Software’s Success

Ian: As you know, pay per click is a very small industry. From industry connections, I have heard overwhelming accolades in regards to Marin’s corporate culture and career satisfaction. What’s your secret behind this great corporate culture?

Matt: The reality is that the principles that we apply to our software – empowerment and transparency – are the same principles that we apply to running our business. The management team here focuses on setting aggressive goals and outlining a vision for the company, rather than micro-managing their employees. By simply making the expectations (and the results) clear, employees are able plot their own course to success and take an ownership stake in the company’s future. A big part of this is about open and honest feedback. With everything we do, we try to understand why something succeeded or failed. Nobody gets faulted for making a mistake, it’s only when you fail to learn from a mistake that it’s a problem.

Microsoft and Yahoo’s Partnership

Ian: The search marketing landscape is changing so rapidly. As just one example, Microsoft and Yahoo have a pending deal that could create a real competitive force for Google. What are your thoughts around these changes and how is Marin positioning itself?

Matt: We think it’s good for the industry to see Microsoft and Yahoo! coming together. At the end of the day, competition in paid search benefits advertisers, and since those are our clients we are happy to see it.

From our perspective, we don’t think that the merger of these two giants will affect Marin and its positioning. At the end of the day, managing a campaign with hundreds of thousands, or even millions of keywords is hard to execute on Google alone. We’ve built our tools to deliver time savings, efficiencies, and financial lift, even in a world where all paid search runs through a single engine.

Marin Software’s Impressive 2010 Plans

Ian: What are some of your core areas of focus over the coming year? What’s new for Marin Software in 2010?

Matt: There are going to be a lot of new things happening in 2010. As a company we are just over 3 years old and growing rapidly.

Last year we opened our first international office in London, this year we expect our international expansion to continue, building out our sales and support teams as well as translating the UI into more languages.

Today we deliver six product releases a year, based on feedback from some of the largest, most sophisticated search marketers in the world. As our company grows, so will the pace that we innovate at. While I can’t disclose where we are heading with our product, it’s fair to say that in 2010 Marin Software will make search marketing software smarter, with more solutions that intelligently recommend changes to optimize quality scores and bids.

Finally, we will be growing our employee base here in the states. Anytime you experience rapid growth, you are always challenged to maintain your corporate culture. We’re fortunate in that our sales, service, and engineering teams are all co-located here in San Francisco. That not only helps us to communicate and resolve customer issues faster, it allows us to easily assimilate new employees into the Marin way.

Marin Software Is Hiring!

Ian: Is Marin currently hiring? If so, which roles are most critical?

Matt: Marin is hiring! We are hiring across a variety of roles – in sales, marketing, client service and engineering – all critical roles. From our perspective, the roles that directly touch our customers and our product – client services and engineering – are the roles that are most important to our growth. Because our clients’ success fuels our growth it’s hard to ever have enough talent in those two areas.

Ian: That’s great! PPC Ian readers, if you’re interested in applying for a position at Marin Software, please send me your resume and a brief cover letter to jobs@ppcian.com. I will personally screen your resume and connect you with the right people at Marin, if the fit is right.

Advice For Choosing The Right SEM Technology Solution

Ian: I personally know that a huge array of search engine marketing professionals are currently benchmarking various technologies, looking for the right one for their organization. I’m consistently seeing Marin as a top contender. What’s your advice for companies actively looking at technologies right now? How can they get in contact with you guys and learn more?

Matt: We work with a lot of companies on software selections, and see some consistent themes across companies that are successful, not just through implementation but in terms of long term results.

The most critical thing to get right in a selection is to begin with your own requirements. A lot of companies will simply survey the vendors out there without first taking a look at what is important to them. Beginning with a detailed checklist of your business requirements ensures that there are no hidden surprises once you deploy.

Second, you need to find a vendor that works with companies like yours. Take a close look at client lists, do informal reference checks, and ask around at trade shows. We often see prospects assume that all tools are the same and that price is the only thing that matters. The reality couldn’t be farther from the truth.

Finally, make sure you are working with a leader. Companies like Marin are operating at scale; with over $800 Million in annualized spend under management. That means more investment in product, client service, and the hardware and bandwidth required to provide you with an enterprise class solution. Make sure that the vendors you are looking at will meet your requirements not only today, but as your business and your search marketing program grows over time.

For those readers out there looking to learn more about Marin, you can always reach us at info@marinsoftware.com.

Matt, I Sincerely Appreciate The Great Interview!

Ian: Great stuff! PPC Ian readers, I highly encourage you to do your due diligence, a very important component of the PPC career path. There’s no doubt that SEM technologies can bring your business to the next level. Make sure to reach out to Marin Software to learn more! Matt, it was a true pleasure and honor. Thank you so much for the interview! I’m super excited about it and know everyone reading PPC Ian will really enjoy reading. Looking forward to staying in touch and thank you!

Matt: Thanks so much for your time Ian!

Marin Software’s Contact Info

Website: http://www.marinsoftware.com/
Email: info@marinsoftware.com
Phone: (415) 399-2580
Address: 123 Mission Street, 25th Floor
San Francisco, CA 94105

All Images In This Post © Marin Software

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