What Is SmartBid?
SmartBid is Realize's core machine-learning algorithm that utilizes historic data to automate your campaign's bid. SmartBid is designed to maximize your campaign performance at scale.
What Is Enhanced CPC?
Enhanced CPC (cost per click) is a bidding strategy powered by Realize's core machine-learning algorithm (SmartBid) that automatically optimizes your campaign's baseline bid in the auction, increasing high-value impressions while reducing bids on impressions that are less likely to lead to a conversion.
Enhanced CPC ensures that you are bidding the lowest amount required to win any impression by reducing all winning bids to match the second highest bid (second price auction). You may see an example of how SmartBid makes modifications here.
At any time you may modify your baseline bid per individual site to optimize for performance. Learn more here.
Benefits of Enhanced CPC:
Leverages network learnings: Enhanced CPC operates according to historic performance data of your campaigns. The deep learning algorithm takes into account historical campaign performance of similar campaigns — along with user data and context — and then produces a CPC bid based on the likelihood to convert.
Incremental scale: With the ability to run optimized bids across all 20,000+ sites on Taboola’s network, Enhanced CPC can increase your campaign reach exponentially — with less risk.
Conversion-based learning: Enhanced CPC maintains competitive bids on the publishers and audiences that are most likely to drive conversions for your marketing objectives. Through automatic bid adjustments, Enhanced CPC prioritizes higher conversion rates, at scale.
Reliable optimizations: The SmartBid algorithm continuously runs back-end A/B tests to validate a user’s likelihood to convert. Enhanced CPC will only alter your baseline bid when it outperforms the results of fixed bidding.
Efficient bidding: Enhanced CPC reduces winning CPC bids to match the second highest bid of that auction. This ensures all recommendations meet the market rate for that impression.
New Campaigns and Ads
Enhanced CPC helps you successfully launch new campaigns and ads. Through semi-autonomous bid modifications, it will alter your baseline bid through Learning, Expedited Learning, and Scaling.
What's more, throughout Expedited Learning, your campaign bid may be increased in order to win the best impressions and clicks to accurately estimate CTR. Meantime, SmartBid will continue to manage bids to ensure they are the lowest required to secure the impression during the Learning process. Learn more about Expedited Learning here.
During all other phases your campaign bid will increase or decrease in relationship with the opportunity presented by a given impression. Learn about all ad and campaign statuses here.
How to Implement Enhanced CPC
You may update your Bid Strategy from multiple fields. The following instructions indicate how to opt into SmartBid when setting up a new campaign.
Create a new Campaign.
Navigate to the Bidding and Budget section and click on the drop down that says 'What do you want to focus on?'
Click on Bid Control.
Under Bid Type, click on Cost per Click (CPC).
Toggle Enhanced CPC and insert your baseline CPC bid.
Additional Notes on Enhanced CPC |
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