Reintroducing Shopping and Maximizing Performance with MW Components

Overview

Client: MW Components  

Industry: Manufacturing  

Objective: To enhance the e-commerce performance and revenue through comprehensive digital advertising strategies.

MW Components is a leading provider of precision components and manufacturing services, catering to a diverse range of industries including aerospace, medical, electronics, and automotive. The company specializes in custom manufacturing, offering an extensive catalog of springs, fasteners, wire forms, and more. With a focus on quality, innovation, and customer service, MW Components has established itself as a trusted partner for businesses requiring high-precision components and tailored solutions.

Challenges

MW Components faced a significant challenge in optimizing their e-commerce platform for better conversion rates and overall Return on Ad Spend (ROAS). Historically, their shopping campaigns had not yielded satisfactory results, leading to a decrease in their focus on this channel. The company needed a robust strategy to revitalize their online shopping presence and improve the performance of their digital marketing campaigns.

Strategies

To address these challenges, MW Components reintroduced shopping campaigns as a key component of their digital strategy, leveraging Google's Performance Max (PMax) campaigns. This approach allowed them to promote their brand and products across multiple channels, including search, display, video, and shopping.

Implementation

Reintroduction of Shopping Campaigns: After a period of absence, shopping campaigns were reintroduced using PMax. This multi-channel strategy enabled MW Components to showcase their products more broadly and reach potential customers across various touchpoints.

Channel Diversification: The PMax campaign strategy not only revitalized the shopping channel but also leveraged other channels like search, display, and video. This diversification ensured a wider audience reach and enhanced engagement.

Emphasis on Top Keywords: We separated our PMax campaigns into three categories: Springs, Fasteners, and Precision Components. Within each of these categories, we identified the top-performing keywords from our search campaigns and used these to create our product listing groups for each campaign. 

Results

Revenue Growth: The reintroduction of shopping campaigns proved highly successful. Shopping campaigns accounted for 23% of the total ad spend but contributed to 43% of the overall revenue, indicating a strong return on investment.

Enhanced ROAS: The strategic use of PMax significantly improved the e-commerce ROAS for MW Components (35% increase), optimizing their ad spend and maximizing revenue.

Strategic Campaign Structure: The use of three separate campaigns with our top keywords contributed to the overall conversion rate increase, with a notable performance from video ads.

Although shopping did not perform well for MW Components in the past, reintroducing this previously underperforming campaign with a strategic campaign structure proved very valuable for the account. The use of Google's Performance Max campaigns allowed MW Components to effectively target and convert their audience, driving substantial revenue growth and improving overall e-commerce performance.

This case study underscores the potential of re-engaging with PMax effectively and utilizing a multi-channel approach to maximize digital marketing outcomes.

Metrics:

ROAS increased by 35% 

Revenue increased by 23%

1 New Channel Added

AOV increased by 44%

‍