21 C
New York
Wednesday, June 7, 2023

Buy now

Performance Max optimization: How to improve your performance

Search Engine Land Β» Channel Β» PPC Β» Performance Max optimization: How to improve your performance

Performance Max optimization: How to improve your performance

While there aren’t many levers to manually optimize campaigns, your job is to guide the machines. Here’s a breakdown of what to do.

on August 26, 2022 at 10:05 am | Reading time: 4 minutes

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 πŸ“§ Start by uploading any lists you have including email addresses and phone numbers. This could be previous customs, email subscribers, etc.Custom Intent πŸ”  Build a list of your top performing keywords from Search and Standard Shopping

— π™ΌπšŽπš—πšŠπšŒπš‘πšŽπš– π™°πš—πš’ Ⓜ️ Google Ads πŸ“ˆ (@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.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:1⃣Feed2⃣Creative3⃣SignalsHow do we think about creative with PMax? 🧡 #ppcchat

— Duane Brown πŸ‡¨πŸ‡¦πŸ³οΈβ€πŸŒˆ 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

Looking to connect with or share updates with your customers on YouTube? With YouTube Video Builder, you can build a short video in a matter of minutes. Here’s how to get started: https://t.co/v4d2mbxmVp pic.twitter.com/168mX95CnO

— Google Ads (@GoogleAds) April 14, 2020

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.

Opinions expressed in this article are those of the guest author and not necessarily Search Engine Land. Staff authors are listed here.


Related Articles

Latest Articles