Richmond — The Benchmark Market

Google Ads Search Terms Analysis

This Is What a Well-Structured Google Ads Account Looks Like.

Richmond generates $18.08 in revenue per household — the highest of any Closet Factory market. It runs one campaign, uses Exact and Phrase match for 80.5% of spend, and achieves a $206 CPL. This is the proof that structure matters more than budget.

#1

Revenue per household

$18.08/HH

$206

Cost per lead

Search campaign

80.5%

Exact + Phrase match

vs. 0% in Chicago

33.9%

Waste rate

Lowest of all markets

The Numbers

Search campaign data from Sep 2025 – Feb 2026. One campaign, 12 ad groups, 14,330 unique search terms.

Search Spend

$125,351

$20,892/month

Conversions

607.5

101.2/month

Cost Per Lead

$206

Blended search CPL

Converting Terms

138

of 14,330 total

Why Richmond Is the #1 Market

Three structural decisions separate Richmond from every other Closet Factory market.

1

One Campaign

Richmond runs a single Search campaign. No Performance Max cannibalizing search traffic. No budget split across competing campaign types. One campaign, full control.

VB runs 2 campaigns. Chicago runs 2.

2

Exact + Phrase Match: 80.5%

50.7% of spend goes to Exact Match ($176 CPL). 29.8% to Phrase Match ($211 CPL). Only 17.3% leaks to Broad Match ($379 CPL). Tight targeting, lower waste.

Chicago: 0% Phrase/Exact. VB: 13.6%.

3

Brand Engine: 62.2% of Conversions

The Brand ad group captures 377.9 of 607.5 conversions at $159/lead. Richmond's TV and radio investment creates brand searches that convert at nearly half the cost of generic terms.

Media-influenced: 75.7% of all conversions

The Result

Richmond spends less than Virginia Beach ($125K vs $142K in search) but generates more conversions (607.5 vs 490) at a lower CPL ($206 vs $289). The difference is not budget — it's structure. Richmond proves that a single, well-structured campaign with proper match types outperforms a larger budget spread across poorly configured campaigns.

Campaign Structure

One campaign. Twelve ad groups. Clear intent segmentation.

Single Campaign

S - AI Max Richmond Closet Campaign 09-02-25

Spend: $125,351 | Conversions: 607.5 | CPL: $206 | Waste: $42,467 (33.9%)

Ad GroupSpendConvCPLWasteWaste %
Brand★ TOP$60,212377.9$159$2,0123%
Closet Types$16,67551.1$326$8,12349%
Competitors$10,41946.1$226$3,55934%
Closet Builders$9,86236.2$273$7,81179%
Closet Cabinetry$6,57716.4$401$5,80588%
Closet Companies$6,47614.5$447$5,62087%
Closet Designers$5,97923.8$252$3,46258%
Closet Design$3,4267.8$440$1,70750%
Closets$3,20818.9$170$2,24770%
Pantry Systems$2,51714.9$169$2,12184%
Total$125,351607.5$206$42,46733.9%

What stands out:

Brand ad group gets 48% of spend and delivers 62.2% of conversions at $159/lead — the cheapest ad group by far.

Linen Closets and Luxury Closets have $0 spend — they were either paused or never activated. Smart. These ad groups waste money in other markets.

Closets ad group: $170 CPL — second cheapest. Pantry Systems: $169 CPL — also efficient. These are the non-brand workhorses.

Closet Cabinetry ($401 CPL) and Closet Companies ($447 CPL) are the weakest ad groups. Candidates for budget reduction or restructuring.

Match Type Distribution — The Key Differentiator

This is the single biggest reason Richmond outperforms other markets. 80.5% of spend goes to Exact and Phrase match, which means Google shows ads only to people searching for what Closet Factory actually does.

Exact Match

50.7% of spend

Spend

$63,543

Conversions

360.3

CPL

$176

Phrase Match

29.8% of spend

Spend

$37,294

Conversions

177.1

CPL

$211

Broad Match

17.3% of spend

Spend

$21,656

Conversions

57.1

CPL

$379

AI Max

2.3% of spend

Spend

$2,857

Conversions

12.9

CPL

$221

The Match Type Tax — What Broad Match Costs

$176

Exact Match CPL

$211

Phrase Match CPL

$379

Broad Match CPL

Broad Match costs 2.15x more per lead than Exact Match. Every dollar shifted from Broad to Exact/Phrase produces more leads. Richmond limits Broad Match to 17.3% of spend. Markets like Chicago and Boston run 100% Broad Match through AI Max — and their waste rates show it.

The Brand Engine — 62.2% of All Conversions

Richmond's TV and radio investment creates brand awareness that translates directly into Google searches for "Closet Factory." These brand searches convert at $165/lead — nearly half the cost of closet-generic terms ($304/lead).

CategorySpendConvCPLShareWaste
Brand
$68,446414.2$16568.2%$5,218
Closet
$44,254145.4$30423.9%$31,280
Competitor
$11,15145.6$2457.5%$4,534
Generic
$9980.2$4,9900.0%$998
Murphy/Wall Bed
$4672.0$2340.3%$438
TermConvCPLSpend
closet factory274.3$152$41,773
closet factory richmond va35.7$230$8,196
closet factory ashland23.4$87$2,029
closet factory ashland va17.9$159$2,845
closet factory richmond12.5$157$1,967
closet factory near me11.6$152$1,760
the closet factory9.2$154$1,420
closet factory reviews8.3$111$918
closet factory va5.0$172$860
closet factory cost3.0$116$348

"closet factory" alone drives 274.3 conversions at $152/lead. "closet factory ashland" converts at $87/lead — the cheapest brand term. Local brand awareness from TV/radio creates these searches.

Ad Group Performance — Where the Money Goes

The Brand ad group is the engine. Everything else is supporting cast.

Brand

$60,212$159/lead

Spend share: 48.0%

Conv share: 62.2%

Waste: $2,012 (3%)

Closet Types

$16,675$326/lead

Spend share: 13.3%

Conv share: 8.4%

Waste: $8,123 (49%)

Competitors

$10,419$226/lead

Spend share: 8.3%

Conv share: 7.6%

Waste: $3,559 (34%)

Closet Builders

$9,862$273/lead

Spend share: 7.9%

Conv share: 6.0%

Waste: $7,811 (79%)

Closet Cabinetry

$6,577$401/lead

Spend share: 5.2%

Conv share: 2.7%

Waste: $5,805 (88%)

Closet Companies

$6,476$447/lead

Spend share: 5.2%

Conv share: 2.4%

Waste: $5,620 (87%)

Closet Designers

$5,979$252/lead

Spend share: 4.8%

Conv share: 3.9%

Waste: $3,462 (58%)

Closet Design

$3,426$440/lead

Spend share: 2.7%

Conv share: 1.3%

Waste: $1,707 (50%)

Closets

$3,208$170/lead

Spend share: 2.6%

Conv share: 3.1%

Waste: $2,247 (70%)

Pantry Systems

$2,517$169/lead

Spend share: 2.0%

Conv share: 2.5%

Waste: $2,121 (84%)

Key Insight: Spend-to-Conversion Efficiency

Brand gets 48% of spend but delivers 62.2% of conversions — a 14-point efficiency premium. The Competitors ad group gets 8.3% of spend and delivers 7.6% of conversions — roughly break-even. The bottom three ad groups (Closet Cabinetry, Closet Companies, Closet Design) get 13.1% of spend but deliver only 6.4% of conversions — they're dragging down the average.

Competitor Conquest — Who Converts

People search for competitors, see Closet Factory's ad, and click. Some convert. Here's who's worth the spend.

CompetitorConvSpendCPLWasteAction
Closets by Design28.6$6,019$210$922KEEP & FUND
California Closets12.0$2,886$241$948KEEP & FUND
Inspired Closets3.0$835$278$124KEEP & WATCH
Closet Solutions2.0$250$125$33KEEP & WATCH
Lowe's2.0$341$171$299KEEP & WATCH
Container Store0$662$662WATCH
Tailored Closet0$97$97WATCH
Wayfair0$77$77BLOCK
Elfa0$64$64BLOCK
EasyClosets0$58$58BLOCK
ClosetMaid0$54$54BLOCK

Converting Competitors — Keep Funding

Closets by Design (28.6 conv, $210 CPL) and California Closets (12.0 conv, $241 CPL) are the two biggest conquest sources. People searching for these competitors are in-market buyers who click on Closet Factory's ad. This is working.

Retail Brands — Block These

Wayfair ($77 wasted), Elfa ($64), EasyClosets ($58), ClosetMaid ($54) — these are DIY retail shoppers, not custom closet buyers. Add these as negative keywords. They never convert.

Waste Analysis — Where the Money Leaks

$42,467 wasted on zero-conversion terms over 6 months. That's 33.9% of search spend — the lowest waste rate of any market we've analyzed.

Total Waste

$42,467

Zero-conv spend

Waste Rate

33.9%

vs. 45%+ in other markets

Monthly Waste

$7,078

$7,078/month

Zero-Conv Terms

2,202

With spend attached

Waste by Category

CategoryWaste% of Total WasteWaste Rate
Closet
$31,28073.7%70.7%
Brand
$5,21812.3%7.6%
Competitor
$4,53410.7%40.7%
Generic
$9982.4%100%
Murphy/Wall Bed
$4381.0%93.7%

Even Richmond Has Structural Waste

73.7% of waste ($31,280) is on closet-related terms that are relevant to CF's business but didn't convert. "closet organizer," "custom closets near me," "closet design" — these are real potential customers who clicked but didn't become leads. This is the nature of Broad Match (17.3% of Richmond's spend). In markets running 100% Broad Match, this problem is 3-4x worse.

Richmond vs. Every Other Market

Side-by-side comparison showing why structure matters more than budget.

MarketCPLWaste RateExact+PhraseCampaignsBrand Conv %
Richmond
$20633.9%80.5%162.2%
Virginia Beach
$28948.2%13.6%255.3%
Chicago
$21244.6%0%252.1%
Boston
$20349.1%0%149.9%
Pittsburgh
$23241.3%0%153.8%

The Pattern Is Clear

More Exact/Phrase match = lower CPL. Richmond (80.5% → $206 CPL) vs. Chicago (0% → $212 CPL) vs. Virginia Beach (13.6% → $289 CPL).

Fewer campaigns = less waste. Richmond (1 campaign → 33.9% waste) vs. Virginia Beach (2 campaigns → 48.2% waste) vs. Boston (1 campaign → 49.1% waste, but 100% Broad).

Higher brand conversion share = lower blended CPL. Richmond (62.2% brand) vs. Boston (49.9% brand) vs. Chicago (52.1% brand). Brand searches cost half what generic searches cost.

The Richmond Blueprint — What Every Market Should Copy

If you want to replicate Richmond's results in another market, here are the five structural elements that matter.

1

One Search Campaign, Not Two or Three

Richmond runs a single AI Max Search campaign. No Performance Max cannibalizing branded search traffic. No budget fragmentation. One campaign means one set of negative keywords, one budget to optimize, one set of ad groups to manage.

1 campaign → $206 CPL

2

Exact + Phrase Match for 80%+ of Spend

50.7% Exact Match ($176 CPL), 29.8% Phrase Match ($211 CPL). Only 17.3% leaks to Broad Match ($379 CPL). This means Google shows ads to people searching for exactly what CF offers — not tangentially related terms like 'kitchen remodeling' or 'interior designers.'

Exact Match CPL: $176 vs. Broad: $379

3

Fund the Brand Ad Group Heavily

48% of spend goes to the Brand ad group, which delivers 62.2% of conversions at $159/lead. This is not waste — this is capturing demand created by TV and radio. Every brand search that goes uncaptured is a customer handed to a competitor.

Brand: $159/lead vs. Generic: $304/lead

4

Keep Competitor Conquest Active

Closets by Design (28.6 conv) and California Closets (12.0 conv) are real conversion sources. People searching for competitors and clicking on CF's ad are in-market buyers. Don't negate competitor names.

45.6 conversions from competitor searches

5

Invest in TV and Radio to Create Brand Demand

Richmond has TV and radio. This creates the brand searches that convert at $165/lead instead of $304/lead. Without media investment, you're stuck paying generic CPLs — which are 84% more expensive. The cheapest lead is the one who already knows your name.

Brand CPL: $165 vs. Non-brand: $304