You’ve set up your Performance Max campaigns and maximized the data and insights. Now what?
Your primary goal with Performance Max is to enable the algorithm to do its job well.
Like most things in life, you get what you give.
The AI can perform better if you provide stronger data inputs (data feed + audience signals + creative assets) and outputs (tracking).
Machine learning can only make smart choices when we teach it what is valuable to us. This is why it’s super important to ensure your campaigns are tracking conversions properly.
PMax requires patience: give it 2-4 weeks to gain momentum while making limited incremental changes.
Bid strategy
Depending on your product/goal. We typically recommend starting with Maximize Conversions so the system can gather data.
Once you have solid historical data, you can layer on a target CPA or switch to Maximize Conversion Value with target ROAS.
If you find that you’re not spending your full budget, that means your bid is too aggressive. Try increasing your tCPA or decreasing your tROAS targets.
If you are spending your full budget daily, you can likely decrease bids incrementally or spend more!
Audience signals
If overall performance is poor and you are not seeing many conversions, try tightening your audience signals. Provide strong data so Google knows who your customer is.
Interests are great, but the best data is your actual customer data.
I highly recommend adding these:
- Customer Match: Import customer lists, email + SMS subscribers
- Custom Intent: Create audiences with top-performing keywords
- Website Visitors: Page Viewers, Converters, etc.
Customer Match
— πΌπππππππ π°ππ
Start by uploading any lists you have including email addresses and phone numbers. This could be previous customs, email subscribers, etc.
Custom Intent
Build a list of your top performing keywords from Search and Standard ShoppingGoogle Ads
(@MenachemAni) July 21, 2022
Creative assets
Here’s a great thread from @duanebrown on the importance of strong creative in Performance Max. Similar to paid social, PMax is reliant on creative assets to sell your products.
PMax Creative.
— Duane Brown
The lever paid search people didn't know they needed. Sure you can run feed only PMax. We are seeing great results when adding assets. PMax has 3 levers:
1⃣Feed
2⃣Creative
3⃣Signals
How do we think about creative with PMax?#ppcchat
3x Vax'ed! (@duanebrown) August 18, 2022
Ads Creative Studio
Google recently released some tools to make it easier to create and manage your assets. Ads Creative Studio is an amazing tool to create templates graphics and videos.
Video Builder
Video Builder is located in Google Ads and lets you easily create videos from a template.
Google Ads > Tools & Settings > Shared Library > Asset Library > Create Video
Data feed (ecommerce)
When submitting products to Google Merchant Center, make sure you are submitting as much info as possible. Specific attention should be made to product identifiers.
Google looks at the following three columns to understand what specific product you’re selling:
- Brand Name
- Manufacturer Part Number (MPN/SKU)
- UPC Code (GTIN)
Additionally, but just as important to have:
- Descriptive Titles (include keywords in your title, this is how Google knows which search terms should trigger your ad!)
- Google Taxonomy/Categorization
- Product Type
Exclusions
Something not working? Exclude it and force the system to focus elsewhere.
- Listing Groups: You can exclude by Product ID, Category, Brand, Custom Labels, etc.
- Negative Keywords: A Google rep can block irrelevant or non-performing KWs. I don’t love this approach as the whole idea of PMax is to allow the algorithm to see real-time revenue and stop non-converting traffic automatically.
- Customer Exclusions: Not getting enough new customer acquisition? Block your existing customers from being targeted.
- URLs.
Location
If you’re seeing irrelevant traffic from countries/locations you’re not targeting. Make sure to switch the location settings to Presence.
This can be found in the campaign Settings > Locations > Advanced Options
Landing pages
If you find that PMax is cannibalizing search and sending traffic to pages that are not converting well, you can:
- Exclude Specific URLs
- Turn Off URL Expansion Settings > Additional Settings > Final URL Expansion
Budget
Is your campaign performing well? Increase the budget in 10-20% increments on a weekly basis.
Don’t increase too much in one shot, it’ll shock the system and force it to find new traffic sources.
Takeaways
- Take the time to configure the right data inputs.
- Let the algorithm do the work.
- Be patient.
The post Performance Max optimization: How to improve your performance appeared first on Search Engine Land.
No comments:
Post a Comment