The first campaign month produced more than five times the sign-ups at a fifth of the cost per lead. Conversions for course sign-ups rose 411%, clicks from high-intent searchers rose 384% and cost per lead fell 81%.
The derived rows are the detail worth reading. Spend stayed roughly flat, which is what a capped grant produces, so the growth did not come from buying more media. It came from cost per click falling by roughly four fifths as the account moved out of contested local antenatal terms into national, audience-qualified search, which bought nearly five times the clicks for the same allowance. Conversion rate improved as well, by around 6%, which means the cheaper national traffic converted at least as well as the local traffic it replaced. When a grant account grows fivefold on flat spend, the lever was efficiency, and the geography and the targeting were where the efficiency came from.
The scaling is independently visible. Semrush’s UK index records the paid footprint contracting in April as venue-based campaigns were paused and expanding to a peak in May as the national build went live, estimated paid traffic rising from 105,369 to 184,818 between March and May, a rise of 75%.
| Measure |
Reported |
Multiple |
Basis |
| Course sign-up conversions |
+411% |
5.1x |
Reported |
| Clicks from high-intent searchers |
+384% |
4.8x |
Reported |
| Cost per lead |
−81% |
0.19x |
Reported |
| Grant spend |
roughly −3% |
0.97x |
Derived: conversions × cost per lead |
| Cost per click |
roughly −80% |
0.20x |
Derived: spend ÷ clicks |
| Conversion rate |
roughly +6% |
1.06x |
Derived: conversions ÷ clicks |
Semrush UK index, paid keywords and estimated paid traffic by month: February 2020 1,147 / 110,693; March 900 / 105,369; April 679 / 132,522; May 1,015 / 184,818; June 889 / 117,008. Semrush estimates are modelled from the ads it observes in search results rather than measured from the account, and cannot see grant spend, so the traffic figures should be read as a visibility index rather than a visit count.