Some ads should be designed to reduce response.... In order to qualify for a loan, the prospective business must accept all major credit cards and have been in operation for at least one year.
This ad does not mention these requirements and generated a 17 percent click-through rate (CTR):
Merchant Account Loans
Business Loans. Fast and easy.
Low rates. Quick approvals.
When we added the two requirements, and presented ad copy with qualifiers, response dropped dramatically -- to around a 10 percent CTR:
Merchant Account Loans
Must accept Visa/MC. Established
1 year. Fast/easy approval process.
...the conversion rate associated with the second ad, with pre-qualifiers, was significantly higher than the ... more generic ad. Not surprisingly, the overall return on investment (ROI) for the campaign improved dramatically.
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