Service Company Marketing Campaign Trends - July 2024
Profit-minded home services companies need a minimum of three digital marketing channels to reach their ideal preferred customers in their category and market.
To attract, acquire, and retain your ideal preferred customer, we advise a balanced, market-driven approach that produces consistent results over time. Our methodology analyzes conversions and conversion costs because customer acquisition costs are best analyzed within your service company management platform.
Contextual Digital Campaigns (or CDM, often confused with programmatic advertising campaigns) target the right people with the right message based on their interests and behavior.
Contextual Digital Campaigns integrate artificial intelligence (AI) guided by a data scientist to hyper-target your ideal preferred customers. Using AI-enhanced targeting doubles the impact of your budget.
Within our Contextual Digital Marketing campaigns, it costs as little as $31.97 to acquire a heating, cooling (HVAC), electrical, or plumbing customer through native and display contextual digital marketing campaigns in July 2024.*
Compared to June 2024, the average cost per total conversions remained steady, while the average cost per unique conversion dropped. The Independence Day holiday factored into this month's report.
The following is aggregated average data for three distinct US markets (one established and two new market entries into the residential home services market):
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Insight: By comparison, it cost $253.82 to acquire a paying customer from Google LSAs in July, according to HVAC Demand Trends: Google LSA Revenue Performance - July 2024.
We have seen Google Electrical and Plumbing LSAs under-performing since May 2024, often with no leads.
With Google changing search results to favor zero-click results, it's imperative to add local SEO, Google Business Profile optimization, and AI to hyper-target your ideal preferred customers.Using AI-enhanced targeting doubles the impact of your budget.
Search engine optimization is a long-term, organic process. Traditional SEO techniques will not get you in the Google 3-pack. Aespire’s GBP Optimizer aligns your website, Google Maps, and Google Business Profile.
The following results are for a new home services market launch.
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