WorldFirst is a fast-growing foreign exchange platform for individuals and international businesses, based out of the UK. Founded in 2004, they now have a global team of 650, with over 450,000 global customers, and over 150,000 global businesses using them for international transactions.
Building Search Intent Audiences has helped us align both our Search and Social campaigns in order to drive higher quality interactions with those more interested in our product. Layering this with Budget Optimizer has ensured a much more targeted approach at a higher conversion rate and lower overall costs.
Head of Digital Acquisition at WorldFirst
Challenge
Like many brands in the financial sector, search marketing has always been at the forefront of WorldFirst’s overall digital strategy, and they were struggling to scale their social audience activity.
With the rise of social media, customers are more connected and empowered than ever, forcing financial companies to provide top-notch experiences alongside their traditional services. With the help of Marin, WorldFirst wanted to effectively take advantage of social advertising as a powerful acquisition channel, while boosting customer relationships and upselling premium services.
Solution
Marin introduced two additional tools to supercharge WorldFirst social performance, helping the team see the value that social campaigns were bringing to their overall strategy:
MarinOne Budget Optimizer: Budget Optimizer is Marin’s premier budget management solution, making it easier for marketers to forecast, monitor, and automatically reallocate budgets across their most efficient marketing channels with ease. With Budget Optimizer, the WorldFirst team created budget plans in advance, and had Marin’s algorithm pace the budget across search and social to achieve the best results—all based on historical performance.
Search Intent Audiences: The WorldFirst team incorporated Search Intent Audiences into their campaign strategy to automatically create and update Facebook Custom Audiences based on intent demonstrated through search engine activity. This means that marketers are able to show ads to consumers who’ve searched for specific keywords, while using Facebook’s targeting capabilities to find more customers like them. This strategy helped align their search engine marketing and social advertising, mixing the power of intent with repeated brand exposure on a high-growth channel.
Results
By leveraging MarinOne Budget Optimizer and Search Intent Audiences, the WorldFirst team generated outstanding results on Facebook:
107% increase in conversions
15% decrease in CPL
22% increase in click volume
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PPC for B2B: a Performance Marketing Survey Report for 2023
To help you stay on the leading edge of performance marketing, we surveyed over 300 B2B marketers to uncover actionable insights that will help you improve the performance of your PPC investment. Through a Marin and LinkedIn partnership, we sought out to understand what B2B marketers face right now and how they are dealing with a complicated market. Read the full report to get a better understanding of how B2B marketers are changing their approach this year.
What You'll Learn from the Report:
How budgets have changed through the years 2020 to 2023 and how budgeting complexities affect the work of advertisers this year.
What challenges are most prevalent this year and how other marketers like you are adapting.
The critical role audience targeting plays in your success, especially during a recession, and some interesting trends relating to targeting techniques.
The types of content and campaign management techniques are currently helping advertisers move buyers through the sales funnel.
What paid social or PPC channels are providing the best ROAS or conversions for B2B right now.
The limitations of smart bidding and why your paid search campaigns deserve more
Arguably the biggest innovation the paid search industry has seen in the past decade is the advent of Smart Bidding, Google’s automated bidding solution. I remember when I first entered the industry as an Account Coordinator… Ah, the good (or bad?) old days. A majority of my time was spent manually updating CPC bids for every keyword in my client’s Google and Bing Ad accounts. I would analyze how each campaign was pacing toward my client’s KPI and calculate new bids multiple times a week.
Enter Google’s tROAS and tCPA smart bidding strategies. I remember my Google account reps encouraging my team to test these automated strategies and how skeptical we all were. The only automated bidding we had heard of in the past was through Marin! But as the years went by and Google’s automation won more and more bidding tests, Smart Bidding became the norm.
Now manual bidding is a thing of the past – manual CPC isn’t even an option anymore. And what paid search marketer isn’t relieved to be freed of the tedious tasks associated with manual bidding?
These publisher bidding strategies are great… but they’re an incomplete solution. What if you want budget pacing, not just ROAS or CPA, to be considered in bidding decisions? Can you ask Google’s algorithm to do that? Not without a complex custom script… and I certainly don’t know how to code.
Managing budget pacing still requires manual intervention – that is unless you use Marin! Read on to understand some of the ways Marin makes smart bidding even better.
Manage everything in one place
Jumping across publisher tools can be time-consuming and fragment your workflows and data. With Marin, all your different campaigns across Google, Bing, LinkedIn, Facebook, and more are unified in one UI.
Marin unifies publisher data from tools like Google and Microsoft ads with backend data from tracking solutions like Google Analytics. We even have our own tracking solution, Marin Attribution, which is a more straightforward alternative to Google Analytics 4 (GA4).
All that data comes together in our interactive, customizable reporting grids. From campaigns, all the way down to individual keywords, front-end metrics – like costs and clicks – are married to backend metrics – like conversions and revenue – and attributed to the correct source. You can even create your own custom columns with the calculations that matter most to you. That means no more spreadsheets.
Transitioning your reporting and analysis from an Excel grid to the Marin grid eliminates the need for any manual data wrangling, saving time and improving data accuracy. Check out how easy it is to analyze performance in Marin.
Marin makes it easier than ever to analyze cross-channel performance and clearly determine what is working well and what needs attention. If you decide to take any action based on that analysis, Marin makes that process easier than ever, too.
Edit smart bidding settings across publishers
After using Marin’s reporting grid to determine what’s working and what’s not, you can use our multi-edit functionality to make changes. Update your smart bidding settings like strategy, target, bid cap, and more in Marin and avoid wasting time hopping between unintuitive publisher UIs.
Maximize ROAS with Dynamic Allocation
If you find yourself grappling with questions of how much you should spend on each of your campaigns, let Marin solve them for you. Our budget allocation solution harnesses the power of AI to ensure your budget is distributed as efficiently as possible across campaigns and channels.
It all starts with your goals. First, you’ll meet with your Marin team to discuss your KPI targets and spend goals. Next, you’ll group your campaigns into different spend groups. Some examples of typical spend groups are brand, non-brand, retargeting, and prospecting.
Marin’s AI will take it from there. It will analyze how each of your campaigns is currently pacing toward your KPIs and review impression share metrics to determine if there is more room for a campaign to spend in the SERP or if that campaign is already dominating. It’ll then allocate your budget across all the campaigns in the given bucket based on each campaign’s potential.
You can either auto-apply Marin’s budget recommendations, or review them in the Marin app and apply them manually as you see fit. Manage it all in Marin’s budget pacing dashboard, which showcases not only how your budget groups are pacing toward spend goals, but revenue and ROAS trends as well.
Get unbiased recommendations for improvement
The publishers all provide recommendations to improve performance. But if you look closely, these recommendations always seem to lead to you spending more money on ads — not necessarily getting you any closer to hitting your KPI targets. Marin’s recommendation engine is free from publisher bias and has complete context on how all of your campaigns are doing across your customer lifecycle. This makes it more accurate than Google or Bing’s recommendations. And just like Google’s recommendations, they can be applied with one click.
If you’re only using publisher tools for paid search media buying, you're limiting your marketing program. Marin can help you save time and improve your ROAS or CPA in countless ways. The best part? Marin is completely customizable. Unlike the publisher tools' one-size-fits-all approach, we can adapt our software to your business’s specific needs. Share your struggles with a Marin rep today and learn what we can do to help!
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