The Outcome
+23%
CONVERSIONS
-12%
COST PER LEAD
+46%
CLICKS
ICICI Bank experimented with Smart Broad Match strategy in their generic campaigns for Money to India product
Pre Experiment Phase The Search Generic campaigns were running on Phrase match keywords
Experiment Phase: The test experiment was conducted by moving them to only Broad match for a month, where all Phrase match keywords were moved to Broad Match
The experiment campaign was run with tCPA bidding strategy for a duration of 30 days
The bank observed 22.82% increase in conversions along with 46% increase in clicks over this period
The campaigns were optimized, with a improved Cost per lead by 12%