Earlier this year Google reintroduced a feature whereby a Google desktop-end user could preview a web page by clicking on small magnifying glass icons next to organic listings on the search
engine results page (SERP) of Google.com.

Recently Google released news that it was extending this preview feature to desktop paid search ads on Google.com
An end user simply clicks the small magnifying glass icon next to the
listing he or she wishes to view. A smaller version of the website then pops up into a frame that hovers over the SERP, providing the user a preview of that ad's landing page, without requiring
the user to leave Google.com.
Advertisers don't need to do anything to have their ads updated with this feature. Google shows the previews based on each ad's or keyword's
(depending on how the campaign is set up) landing page URL.
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Currently neither end users nor advertisers have the option to opt out of, or turn off, this feature.
Advantages to
the End User
End users will have more options directly from the SERP than what was available in the past.
This increase in options decreases the instances needed for end users
to click away from the SERP, providing them with a much richer experience.
Advantages to the Advertiser
Five words: qualified traffic and decreased cost. If more
research is available to end users from the SERP, then advertisers benefit by decreasing the volume of "research clicks." Every advertiser has to deal with the cost incurred from that
small segment of end users who click onto their site in an attempt to research whether the landing page content is relevant to the information they are seeking.
Disadvantages to the
End User
Not many. Since this feature is only currently available to desktop audiences, the only downside might be that the clunky preview frame could potentially take up a lot of
space on smaller desktop screens.
Disadvantages to the Advertiser
Advertisers are presented with a whole host of new challenges. At the core of the issues will be
landing page quality. While landing page quality has always been a major piece of the puzzle in SEM, it now becomes that much more important.
Advertisers will need to be very cognizant of how
their landing pages are viewed in the smaller frame. Some pages that rely heavily on flash or other plug-in components may not view well (or at all); as a result the page falsely convinces end users
that it does not provide the information they are seeking. Additionally, if competitors' sites view better in these smaller frames, they might have an edge.
Here is a site preview example
with Flash:

And here's another site example:

Landing page vs. keyword groupings will most likely need to be refined, and made more granular. If end users are searching for specific keyword queries,
advertisers that choose to show users' previews of more top level pages (i.e. home pages) may convince those users to look elsewhere. Again, if competitors are showing a more relevant visual
preview, they might have the upper-hand.
Finally, advertisers may want to take the preview feature into consideration when designing sites. Since this preview feature is now available across
all listings (both organic and paid search), having clear, comprehensible pages when they are viewed in the preview window may help to move the needle with increasing site traffic. If a user
can't understand the site in the smaller window, it can be just as bad as when nothing is shown.
Next Steps
Advertisers should keep an eye on their metrics, and
compare them prior to and following the implementation of this feature.
Branded keywords should see less of an effect on performance than the more competitive generic keywords. With the
additional choices, users should begin doing less research clicking and help drive down the end cost. As a result, both CPAs and clickthrough rates should see a dip.
On the site analytics
side, abandonment rates and bounce rates should decrease. Users should have a better understanding of where they are going prior to the click.
Advertisers should examine their previews for
each ad group. They should investigate whether or not their pages are being previewed correctly. If pages are not being shown properly, recommendations should be made to improve them.
Finally,
can there be something to be said for the additional time spent on the SERP by end users? If users are spending less time clicking away from the SERP, does the value of the listings (both organic
and paid) increase?
Google has been releasing a lot of new features in recent months (i.e. Google Instant, Google +1, etc.), all of which are buzzed to be "game changers." While
each of these updates on their own may not be as monumental as they are made out to be, as a whole they are certainly making advertisers rethink strategies.
Extending the preview feature
into paid search is just another step in Google's quest to provide the best experience possible for their searchers. Advertisers can stomp their feet all they want, but the smart ones
won't waste too much time doing so.