The Full Guide to Strategic Fundraising with KOLs in the Crypto Space

Google Search Advertising in 2021

4 min read
Apr 7, 2021

Do you remember when you bought your smartphone? You probably did some research. Which brand should I choose? How much does it cost? Where can I buy it? I bet you Googled something like 'buy a new smartphone. Without you realizing it, this led to a digital auction where businesses place a bid to be on top of the search result. These top results are Google search ads.

What is a Google search ad?

What is a Google search ad?

To explain what a search ad is I will tell you more about these 3 important aspects:

  • Ad assets
  • Targeting
  • Budget & bid strategy

Search ads are built from different assets. Write up to 3 headlines, your URL and up to 2 descriptions. For the higher ranked ads it is also possible to show ad extensions. This is a feature that shows extra information about your business, like location, phone number or links of other pages of your website.

Targeting makes sure that the ads show to the right person at the right time. Choose the geographical location, demographics and language of the user and add keywords that will match you to the terms potential customers are searching for.

The last step when setting up a campaign is to choose a budget and bid strategy. The budget is the maximum you are willing to pay on average per day, while the bid strategy focuses on certain actions depending on your marketing goal and how much you are willing to pay for that action. Think about visiting your website, fill out a contact form or purchasing something from your online store.

How does a search ad work?

How does a search ad work?

Remember the auction I mentioned before? Every time a user in your targeted area searches one of your keywords, you enter the auction. This auction determines which ads are shown on top of the page. It is similar to a real auction, except for one difference. The highest bid does not always win.

The bid is an important part of the auction, but which ad shows is also determined by the quality score of the ad and the amount and quality of the ad extensions. Quality score is based on the following:

  • Ad relevance for this keyword
  • Landing page relevance for this keyword
  • General landing page quality (quick, well organized, easy to navigate)
  • Expected clickthrough rate (how likely it is that your ad will get clicked when shown)

Using a Google search ad is a way of Pay-Per-Click (PPC) advertising, which means you only pay for the customers that actually click on the ad to go to the website. Because both the quality score and the bid are important in the Google Ads auction, a low quality score needs to be compensated by a higher bid. A high quality score results in lower costs per click.

How your business benefits from Google search ads?

Google is the biggest search engine in the world. This is a great opportunity that also your business can benefit from. Every day Google processes about 3.5 billion searches worldwide. People that are looking for a restaurant to have lunch, an online Spanish course or whatever it is that your business is advertising. The combination of accurate targeting and PPC means you only pay if the people that matter most visit your website.

Everyone can start a  search campaign on Google Ads, but before you start, read articles on the Google Ads Help page to learn about the best practices, because it's important to create an ad of high quality. As you know now, the higher the quality of the ad, the lower your costs per click are. If you have any doubts about creating an ad yourself, we at Lunar Strategy are more than happy to help you.

Tim Haldorsson
CEO
CEO of crypto and Web3 marketing agency Lunar Strategy, involved in the crypto scene since 2017. Provides forward-thinking Web3 marketing insight as a contributor to Cointelegraph, Rolling Stone, Daily Coin, NFT Plazas, and Finance Magnates.
Jack Haldorsson
CMO
CMO at Lunar Strategy. Been in the crypto space since 2017. Jack leverages his know-how of the blockchain ecosystems and strong KOL relationships to execute result-focused strategies that amplify brand storytelling, drive awareness and grow the project sustainably with the help of Influencer relations.
Adam Westerén
Head of Sales
Adam's passion is to create self-sustainable communities in the Web3 world. He enjoys when you create a Web3 community that can grow by itself. This is what he does in his current role as Head of sales.
William Rejström
COO
As a Community Manager at Lunar Strategy, I'm passionate about finding new ways to connect people, add value and build strong community relationships.
Shann Holmberg
COO
As head of growth at Lunar Strategy, I understand the significant shift away from traditional marketing strategies that Web3 projects require.
Nick Ballanutsa
Crypto Content Creator
Crypto Content Creator, Nick is creating engaging Twitter threads & posts for leading crypto & NFT companies.
Vide Haldorsson
Influencer Manager
Influencer Manager at Lunar Strategy.
Johnny Pedro
Head of Partnerships
Head of Partnerships at Lunar Strategy, creating win-win solutions for Web3 companies. You might have heard his music on Tomorrowland from his previous ventures in the music industry.
Jarrod Frankel
Head of Community
Jarrod is responsible for the teams that provide both engaging social media content and enticing and informative articles for our clients.
Tayler McCracken
Editor at Coin Bureau
Tayler McCracken is the Editor-in-Chief of the Coin Bureau, a leading publication that provides cryptocurrency education.
Vineet Nair
Writer
As a web3 storyteller, Vineet brings a wealth of experience in content, journalism, and management, with hands-on knowledge of metaverses, NFTs, AI, and finance.
Hassan Shafiq
Lunar Strategy
Lunar Strategy.
Mairead Finlay
Writer
British writer specialising in NFTs, luxury lifestyle & travel based in Portugal. Previous publications include Business Insider, LoveEXPLORING, The Guardian and My French Country Home Magazine. Previously the SEO Editor of tech & startup website TechRound.
Sandra Vukovic
Content & Marketing Specialist
Content & Marketing Specialist at Lunar Strategy.
David Kevin Jeppesen
Lunar Strategy
Raised in the spring of technology, solving problems and finding simple digital solutions is part of my nature. I’m a teachable individual who is always eager to learn and develop as a person.
Julieta Ose
Crypto Content Creator
Crypto Content Creator at Lunar Strategy.
Gino De Graaf
Google Ads Specialist
Google Ads Specialist at Lunar Strategy.
Sam Runge
Media Manager
Lunar Strategy.
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