Case study

Goudwisselkantoor generates 665% conversion lift at a lower CPC with Audience ads

October 14, 2026
Gold bar against a blue background featuring an image of an adult with two children on it.

665%

Conversion lift

81%

Lower CPC vs Search

2X

More clicks vs plan

Goudwisselkantoor was running successful lower-funnel Search campaigns but saw an opportunity to drive full-funnel interest at a more efficient cost. With Microsoft Advertising, the brand tested Audience ads across Image, Native, and Video placements and delivered 433% more site visitors and 665% more conversions compared to an unexposed control group. The test was also more efficient—at an 81% lower CPC vs Search—and doubled the number of expected clicks, creating a strong new ad format to complement their existing Search efforts.

As a trusted family business and leader in the Dutch, Belgian and German gold market, Goudwisselkantoor has been buying and selling gold, jewelry, watches, coins, and bullion since 1984, helping customers preserve, realize, and celebrate value.

The brand was already running successful lower-funnel Search campaigns. But Search can become expensive, so Goudwisselkantoor wanted to expand its efforts to drive more upper- and mid-funnel awareness and create incremental demand in a scalable, efficient way while still supporting downstream conversions.

Goudwisselkantoor and Microsoft Advertising launched a full-funnel Audience ads strategy across Image, Native, and Video ad placements. Together, they aimed to build awareness and consideration by reaching consumers during meaningful gifting milestones such as graduations, weddings, and the arrival of a new baby.

They pinpointed new opportunities by segmenting audiences by life stage and age and used in-market audiences to target visitors looking for jewelry, watches, wedding rings, and gifting, as well as past visitors and similar audiences.

By re-engaging shoppers who were previously exposed earlier in the funnel with impression-based remarketing, they were able to create a compounding funnel that continuously directed the right audiences to Goudwisselkantoor at the right times.

Throughout the campaign, the team worked closely with Microsoft Advertising to fine-tune its strategy. Using data and creative learnings, ongoing optimizations included publisher exclusions, adjustments to ad delivery timing, and positive bid modifiers.

The full-funnel Audience campaign exceeded expectations, delivering site traffic while generating attributed revenue and conversions. Lift measurement showed…

  • 433% site visitor lift vs the unexposed control group
  • 665% conversion lift vs the unexposed control group
  • Native ads delivered favorable ROAS compared to Search, while creating new, upper-funnel demand.

And overall, total CPC was 81% lower than Search—the lowest CPC and CPM of all the awareness channels tested during the campaign period.

Goudwisselkantoor validated incremental impact beyond click-based performance and saw positive transaction and revenue signals… ultimately, finding the complementary campaign they were looking for.

 

"We’re very excited to have discovered a strong new upper- and mid-funnel channel. Microsoft Advertising delivered the lowest CPC and CPM among the awareness channels tested by Goudwisselkantoor during the campaign period, while also performing better than expected on secondary metrics like transactions and revenue.”

— Steven Bal, Performance Marketer, Goudwisselkantoor

Here’s how you can expand from Search to Audience ads to drive full-funnel results…

  • Use Audience ads alongside Search: Build interest and demand at a lower cost per visit while implementing remarketing, Search, and Performance Max to capture downstream customers.
  • Structure campaigns as a connected funnel: Compound downstream reach and engagement through prospecting, consideration, and impression-based remarketing.
  • Refine campaigns with Microsoft Advertising: Work with your account team to continue to identify and implement improvements throughout the campaign’s lifespan.
  • Measure incrementality, not just clicks: Brand lift studies can help validate whether a campaign drives additional visitors and conversions.

  • Audience ads
  • Impression-based remarketing
  • In-market audiences
  • Brand lift study

Want to learn how to meet the right customers at the right time through Audience ads? Talk to a Microsoft Advertising expert to get started.