Campaign Taxonomy is a way to classify campaigns across different dimensions which was earlier done by Campaign Lists under Campaign Management. The new feature now allows users to classify any campaign with any dimension they want. This is also known as Campaign Categorization.
The Campaign Categorization feature in the RMM product suite allows users to organize their campaigns based on specific criteria or categories. It provides a way to classify and group campaigns together, making it easier to manage, analyze, and optimize advertising efforts. It is very similar to SKU-based internal categorization that exists in Amazon today.
How will this feature help users?
The new campaign categorization feature brings several benefits to users. Here are some key advantages:
Enhanced Organization: The campaign categorization feature allows users to organize their campaigns more effectively. They can categorize campaigns based on various criteria such as business objectives, target audience, product lines, sale events or anything else. This helps in maintaining a structured account hierarchy and makes it easier to manage and analyze campaigns. Users can also create multiple such categories to organize their campaigns which are also independent of retailer-level categorizations such as portfolios/profiles.
Improved Campaign Performance Analysis: With campaign categorization, users can gain deeper insights into the performance of different campaign categories. They can compare and analyze metrics across categories to understand which categories are performing well and which ones need optimization. This enables more informed decision-making and strategic optimizations to drive better results.
Simplified Campaign Management: The feature streamlines campaign management by providing a clear overview of campaigns within each category. Advertisers can easily navigate through campaigns in a specific category, make bulk edits, and apply changes efficiently. This saves time and effort in managing large-scale campaigns and allows for more focused optimizations.
Targeted Optimization Opportunities: By categorizing campaigns, advertisers can identify specific areas for optimization within each category. For example, they can create a campaign category for campaigns belonging to a newly launched product line and apply targeted SOV optimizations to improve their performance. This helps in maximizing the return on investment (ROI) by focusing efforts on areas with the business focus.
Flexible Budget Allocation (Coming Soon): Campaign categorization will enable advertisers to allocate budgets more strategically. They can set budget plans using these campaign categories instead of the rigid classifications provided by retailers. This flexibility allows users to allocate resources based on business priorities and optimize spending effectively.
Why is it needed?
SKU-based internal categorization that exists in Amazon as profile and portfolio and on on other retailers Walmart as Brands. This is to ensure consistency across levels of classification across campaigns .
Getting Started
CIQ's Campaign Taxonomy can be accessed located in the Advertising section.
Navigate to My Workspace > Tools and Settings > Campaign Taxonomy
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