Wize Mentoring - Case Study

How we improved conversions and reduced cost per lead by 66%.

Before UAWC

Cost per Lead

19

Quality Score

50

With UAWC

Cost per Lead

8.5

Quality Score

90

Hero Data
Case Image

How do you market an online mentoring program for accountants?

This could be a hard question to answer for some, but not for us.

Read this case study to learn how we performed.

Goals

Icon

Decrease CPL

The client was paying too much for their leads. We had to fix that.

Icon

Maximize leads

The client needed more leads. We had to deliver.

Icon

Optimize PPC

We needed to make sure all campaigns were working correctly.

Advertising channels

Advertising
Advertising

The Road to Success

Wize Mentoring

The Challenge

Wize's main issue was their PPC campaign optimization.

Their tracking was not as accurate as it could have been. Their targeting was subpar. Their campaign variety was poor, meaning they did not really know what could work for them, and what couldn't.

We needed to fix all that.

The Strategy

First of all, we had to improve tracking accuracy.

After that, we needed to focus on targeting and campaign variety. We had to identify the interests our target audience could have and craft ads that could grab their attention.

We also needed to implement remarketing.

The Results

Facebook Ads

On Facebook, we started by improving tracking accuracy and decreasing the cost per result by 16% by changing the optimization event:

Wize Facebook Ads

At first, “Lead” was the main optimization event. Through deep analysis, we found that the “subscribe” event triggered on the thank-you page works more accurately.

We tested various interests that are related to accounting and leading audit campaigns, as interests that are directly related to the finance niche.

We targeted people who match these criteria:

  • Interests: Bloomberg, QuickBooks, Ernst&Young, Thomson Reuters, The Economist, Accounting Today.
  • Employers: McKinsey & Company, KPMG.

This is what our results looked like:

Wize facebook ads results

For interest targeting, we used the following settings:

Detailed targeting.

People who match:

  • Interests: Accountant, Accounting, Financial Accounting.
  • Job title: Accounting General, Accounting Dept., Accountancy, Accountant, Staff Accountant, Chief Accountant, Tax Accountant, Accounting Specialist.

Detailed targeting expansion: Off.

With this, we got the following results:

Wize Mentoring Facebook Ads interests targeting results

We also tested many lookalike audiences such as Page engagement audiences, website visitors, and subscribers until we found our most effective lookalike audience.

Wize Mentoring Lookalike Audience results

For remarketing, we got the cheapest result from a combined ad set for a remarketing audience, which includes:

Wize Mentoring Facebook Ads remarketing audience

From this, we got 1270 leads with a CPL of ~8$

Best-Performing Ads

After extensive testing, we discovered that using ad creatives with real books worked best.

Wize Mentoring Facebook Ad example

With this ad, we gained 2494 leads with a CPL of 9.25 $.

Wize Mentoring Facebook Ad example

This one brought us 593 leads with a CPL of 9.98 $.

Google Ads

As soon as we had enough conversion data, we launched a Performance Max campaign.

This is how it affected our Google Ads account performance:

  • +372.67% conversions;
  • -35.64% CPL;
  • +84.32% CTR.

The key to success was the creation of separate Asset Groups for each Lead Magnet. And working on improving the assets for each of them.

Wize Google ads asste groups

We followed all suggested Google Top Practices:

  • Using custom segments;
  • Using our data.

Want your business to grow as well? Sign up for a FREE audit today and find out how we can help you.

Let's create a new success story together