Did you know that a single metric can provide powerful insights into your brand’s success and visibility in the competitive landscape? Share of Search (aka share of voice) is that metric, and understanding it can unlock new growth opportunities for your brand. In this blog post, we’ll guide you through the process of measuring Share of Search, utilizing tools like Google Trends and Google Ads Keyword Planner, and visualizing the data to make informed decisions about marketing strategies.
- Share of Search is a key metric for evaluating and measuring brand performance, market share, and success in the competitive landscape.
- Google Trends enables Share of Search analysis to inform decisions about marketing strategies, budget allocation and product development.
- Optimizing paid advertising efforts & enhancing organic searches through SEO can help improve brand visibility & increase market share.
Share of Search, introduced in 2020 by Les Binet and James Hankins, is a metric that measures the percentage of Google searches for all the brands in a particular industry. This tool plays a significant role in evaluating brand performance, tracking market share, and conducting competitive analysis. By combining data from Google Trends and Semrush, users can calculate the Share of Search for a given brand in comparison to its competitors. This information allows for a more accurate assessment of brand awareness and success in the competitive landscape.
Understanding and monitoring Share of Search is not just a nice-to-have; it’s hugely important to your brand’s success. It is closely linked to Share of Market, and brands with a higher and increasing Share of Search in search engines will likely experience increased sales in the future. This significant metric aids brands in grasping market demand and competition in a specific category, while offering understanding into:
- Featured and sponsored products
- Organic position
- Page rank
- Providing timely notifications for any ranking changes
Share of Search has a strong relationship with market share, boasting an impressive 83% correlation. This means that by analyzing the search volume and market share data of other brands, you can conduct competitive analysis and identify changes in search trends as an early warning system. The correlation coefficient is the mathematical formula used to calculate the correlation between Share of Search and market share.
In simple terms, if your brand’s Share of Search increases, there is a high likelihood that your brand’s market share, as well as your brand’s share in the industry, will increase. This vital insight can assist you in making wise choices about marketing strategies, budget allocation, and product development, leading to the growth and success of your brand.
Monitoring Share of Search offers numerous advantages for branding success. By evaluating brand performance and tracking market share, you can observe fluctuations in search volume, examine competitor strategies, and enhance product descriptions. Share of Search data can provide insights into market share, trends, marketing effectiveness, and content creation, all of which can be used to inform market growth strategies.
Moreover, Share of Search acts as an early indicator of possible challenges or opportunities. By comparing search volume and market share of competitors, you can conduct competitive analysis and identify changes in search trends as an early warning system. This valuable information allows you to stay ahead of the curve and make informed decisions that drive brand growth.
Google Trends is a powerful tool for Share of Search analysis, offering a high-level overview of brand awareness. It allows you to monitor the prevalence of search terms over time, providing a comprehensive overview of brand awareness by measuring the relative popularity of a brand in comparison to its competitors. By combining Google Trends data with Semrush, you can calculate Share of Search for a given brand in comparison to its competitors, allowing for more accurate assessment of brand performance and visibility.
Utilizing Google Trends for Share of Search analysis offers insights that can help you make informed decisions about marketing strategies, budget allocation, and product development. By understanding your brand’s position in the market and how it compares to competitors, you can identify growth opportunities and areas for improvement, ultimately driving success and growth for your brand.
Exporting Search Data from Google Trends
Exporting search data from Google Trends is a crucial step in calculating Share of Search. To do this, follow these steps:
- Download the data from Google Trends.
- Locate the downloaded data on your computer.
- Thoroughly examine and organize the data in a spreadsheet.
- Upload the data to a data visualization tool or platform.
- Generate charts or maps using the exported data.
Google Trends provides the ability to export google trends search data in the form of CSV files. However, the interface allows download for only up to five keywords at a time, so utilizing third-party tools like the gtrendsR package in R or Python scripts can be helpful for extracting data for multiple keywords.
Exporting search data from Google Trends allows you to:
- Understand the search landscape
- Recognize patterns and trends that can shape your marketing strategies
- Use the data in conjunction with other tools like Semrush to calculate Share of Search, providing a comprehensive view of your brand’s performance and visibility in the market.
Once you have exported data from Google Trends, it’s time to analyze it for Share of Search calculation. By examining the search volume and trends for relevant keywords, you can gain a clearer understanding of market demand and competition within a particular category. This data can help you recognize the leading players in the market and observe changes in consumer behavior, ultimately informing your brand’s positioning and marketing tactics.
To calculate Share of Search using Google Trends data, follow these steps:
- Export data from Google Trends.
- Calculate Share of Search by dividing the number of searches for your brand by the total number of searches in the category.
- Clean up and visualize the data.
- (Optional) Apply a moving average to smooth out any fluctuations in the data.
Analyzing trends data enables you to derive actionable insights and recognize patterns in the competitive landscape, which can guide your marketing strategies and promote brand growth.
Google Ads Keyword Planner is another valuable tool for Share of Search analysis. It assists advertisers and marketers in researching and constructing their keyword strategies, offering features such as:
- Keyword ideas
- Search volume data
- Competition level
- Bid estimations
Using Google Ads Keyword Planner together with Google Trends offers you a comprehensive understanding of your brand’s visibility and performance in the search landscape.
Utilizing Google Ads Keyword Planner can provide more detailed insights into branded term search volume and website rank, allowing for a more accurate assessment of your brand’s Share of Search. By analyzing this data, you can identify growth opportunities, allocate resources effectively, and optimize your marketing strategies to improve brand visibility and growth.
Setting Up Competitor Analysis in Google Ads Keyword Planner
To establish competitor analysis in Google Ads Keyword Planner, follow these steps:
- Begin by identifying your primary competitors.
- Use the Auction Insights report in Google Ads to gain insight into impression shares, average position, and overlap with competitors.
- Analyze competitors’ unique keywords.
- Identify new keyword opportunities using the Google Ads Keyword Planner.
Once you have identified your main competitors, you can input their URLs in the keyword search bar to obtain website rank information, such as the keywords that the competitor is ranking for. By analyzing this data, you can gain a better understanding of your competitors’ strategies and performance, allowing you to make informed decisions about your own marketing efforts and brand positioning.
Converting absolute search numbers into shares is an essential step in calculating a more accurate representation of Share of Search. To do this, you will need to divide the number of searches for a specific keyword or product by the total number of searches on the site or within a category.
For example, if the monthly brand search volume for Audi is 22,200 and the total monthly number of brand searches in the category is 262,600, the Share of Search for Audi would be 8% (22,200 divided by 262,600). Converting absolute numbers into shares allows for an effective comparison of your brand’s visibility and performance against competitors, enabling you to make wise choices about marketing strategies, budget allocation, and product development.
Visualizing Share of Search data is essential to gain actionable insights and recognize patterns in the competitive landscape. Creating charts, graphs, tables, or maps with tools like:
- Google Trends
- Power BI
- Qlik Sense
Aids in effective data analysis and wise decision-making about marketing strategies and budget allocation.
Identifying key patterns in Share of Search data can help you make more informed decisions about your marketing efforts. Some key patterns to look for include:
- Trends over time
- Comparative analysis
- Geographic patterns
- Correlations with external factors
By understanding these trends and patterns in the competitive landscape, you can identify growth opportunities and allocate resources accordingly, ultimately driving success and growth for your brand.
Creating timeline charts using Excel is an effective way to display Share of Search data. To do this, follow these steps:
- Open Excel and navigate to the Insert tab.
- Select SmartArt from the Illustrations group.
- In the Choose a SmartArt Graphic gallery, click on Process.
- Select a timeline layout that meets your requirements.
- Customize the timeline by adding or removing milestones, adjusting the time intervals, and formatting the chart as desired.
Timeline charts provide a visual representation of Share of Search data, making it easier to understand and interpret trends, patterns, and changes over time. Analyzing this data using timeline charts assists you in making wise decisions about marketing strategies, budget allocation, and product development, leading to the growth and success of your brand.
Identifying Patterns and Trends
Analyzing Share of Search charts can help you:
- Identify trends
- Measure the effectiveness of your marketing activities
- Gain insights into consumer preferences, interests, and purchasing behavior
- Identify emerging trends
- Adjust your marketing strategies
- Increase brand visibility
By examining the search volume and trends for relevant search queries, you can make informed decisions to optimize your marketing efforts.
By recognizing various types of user intent and aligning content to search intent, digital PR can customize marketing strategies to fulfill the requirements of the target audience. This targeted approach can help improve organic search results, ultimately leading to increased brand awareness, buyer intent search volume, and overall brand growth.
Optimizing marketing activities based on Share of Search findings is crucial for improving brand visibility and growth. By analyzing the share of search for your brand relative to its competitors, you can pinpoint potential areas of improvement and direct resources accordingly. A search report can provide valuable insights into these findings, ensuring that your marketing efforts are well-targeted and effective.
By concentrating on increasing your brand’s share of search, you can:
- Improve brand visibility in search engine results
- Drive higher organic traffic
- Increase brand recognition
- Attract more potential customers
- Increase market share
To enhance your marketing efforts based on Share of Search findings, focusing on both paid advertising and organic search strategies is necessary. By adjusting your paid advertising efforts to target high-performing keywords and competitor tactics, and enhancing organic searches through SEO and digital PR, you can effectively increase brand visibility and drive growth.
Adjusting Paid Advertising Efforts
To modify your paid advertising strategies based on Share of Search results, follow these steps:
- Begin by identifying high-performing keywords using Share of Search data and keyword research tools.
- Target these high-performing keywords in your paid advertising campaigns.
- Analyze competitor tactics to understand how they are targeting these keywords and adjust your strategies accordingly.
- Optimize your paid advertising efforts to improve brand visibility and capture more search traffic.
By following these steps, you can effectively leverage Share of Search data to optimize your paid advertising strategies.
Changes in Share of Search can also impact your budget allocation for paid advertising. An increase in Share of Search suggests that more people are searching for your brand or related keywords, so it may be beneficial to allocate a larger portion of the advertising budget towards paid search advertising to maintain visibility and capture more search traffic.
Conversely, a decrease in Share of Search implies less demand for your brand, so it may be necessary to reassess the budget allocation for paid search advertising and allocate resources to other marketing channels or strategies that can help improve brand visibility and attract more customers.
Enhancing Organic Searches through SEO
Enhancing organic search results through SEO and digital PR is another crucial aspect of optimizing marketing activities based on Share of Search findings. By aligning content to search intent, you can provide a more relevant experience for your audience, boosting brand awareness, and driving traffic.
To enhance organic search performance based on Share of Search, it is recommended to focus on the following strategies:
- Website content optimization
- Backlink building
- Website performance improvements
- Valuable content creation
- Data analysis
By implementing these strategies, you can effectively increase your brand’s visibility in search engine results, leading to higher organic traffic, brand recognition, and ultimately, increased sales and market share.
In conclusion, understanding and utilizing Share of Search can be transformative for your brand’s success and visibility in the competitive landscape. By harnessing tools like Google Trends and Google Ads Keyword Planner, visualizing Share of Search data, and optimizing your marketing efforts based on these findings, you can effectively drive brand growth, increase market share, and stay ahead of the competition. Don’t miss out on the invaluable insights and opportunities that Share of Search can offer – start analyzing and optimizing today.
Frequently Asked Questions
How many people use Google?
Google has over 1 billion users worldwide and a market share of 92.24%. In April 2021, it had an estimated 3.5 billion unique visitors in the US alone. With such impressive figures, it is clear that Google is widely used by millions of people around the world.
How many people use Bing?
With Bing search service available in 105 different languages, it is used by more than 1.1 billion people each month. Microsoft generated $11.59 billion in revenue from search ads in FY2022.
Who owns Bing search engine?
Microsoft owns and operates the Bing search engine, which has its roots in Microsoft’s earlier search engines including MSN Search, Windows Live Search, and Live Search.
Why is Google so popular?
Google’s success is due to its focused business model, broad product portfolio and size, improved algorithm, quick results, and advanced search engine algorithms. These components have established Google as the go-to search engine for the internet, making it one of the top four influential companies in the high-tech marketplace.