An educational fintech company in Germany · Berlin, Germany

High-quality leads at a fraction of the previous cost

A Google Ads account rebuilt from the ground up, with tracking that finally told the truth.

Industry
Financial services
Timeframe
90 days
-40%Cost per lead
+60%Lead quality score
3.2xReturn on ad spend

Before and after

BeforeAfter
Cost per lead€74€44
Qualified leads a month118191
Wasted spend a month€4,100€380
Quality Score (main keywords)4/108/10
Cost per lead, 90 days−40%
Leads +62%ROAS 3.2xWasted spend −€3.7k
€74€44

Cost per qualified lead, before and after

The situation

An educational fintech company based in Germany whose Google Ads account produced leads, but at a high and unpredictable cost per acquisition.

Years of accumulated structure: broad match keywords cannibalising each other, no negative keyword lists, and conversion tracking that counted page views as leads. Nobody could say what a lead really cost.

What we changed

  1. Full account audit: 31% of spend was going to searches that could never convert
  2. Campaign rebuild with tight match types and shared negative keyword lists
  3. Conversion tracking rebuilt around real form submissions and qualified calls
  4. Landing page rewrite to lift Quality Score from 4 to 8 on the main keywords
  5. Bidding moved from manual CPC to Target CPA once the data was clean

What happened

Cost per lead fell 40% in 90 days while lead quality rose. The account now runs on clear attribution with a predictable cost per acquisition.

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