Everyone can now run Google Ads Performance Max campaigns. Here’s everything you need to know about increasing conversions with this new campaign type.
Advertisers can now buy and optimize ads across YouTube, Display, Search, Discover, Gmail, and Google Maps using Performance Max campaigns.
This campaign type was introduced as a supplement to keyword-based Google Search campaigns in beta last year.
Following the beta’s success, Google is now extending Performance Max campaigns to all advertisers worldwide.
Continue reading to find out more about how this campaign type works and how to make the most of it.
What is the definition of a Google Ads Performance Max Campaign?
Businesses can use a Performance Max campaign to buy and optimize ads on YouTube, Display, Search, Discover, Gmail, and Google Maps.
Businesses that use this campaign type can promote themselves across the entire Google Ads inventory, resulting in more customers and conversions.
Performance Max aids you in achieving your objectives in four major ways:
- Increasing conversions and value: Use automated bid adjustments to capitalize on conversion opportunities in real-time.
- Finding new customers: Google’s real-time understanding of user intent, behavior, and context can assist you in targeting new audience segments with more relevant advertisements.
- Gaining more in-depth understanding: Data from Performance Max campaigns is now available on the Insights page.
- Collaboration with automation: Improve your automation results by providing high-quality creative assets and information about which audiences are likely to convert.
According to Google, advertisers who use Performance Max campaigns in their accounts see a 13 percent increase in total incremental conversions at a similar cost per action.
Performance Max provides a distinct advantage for retailers and local businesses by allowing them to access ad inventory and formats that are not available through Smart Shopping or Local campaigns.
Businesses can now run local campaigns on channels such as YouTube, Search, and Discover, which they were previously unable to do.
Because Performance Max is such a superior option for retailers and small businesses, Google is discontinuing Smart Shopping and Local campaigns beginning next year.
Best Practices for Maximum Performance
Here are some Google recommendations for getting started with Performance Max campaigns:
- Determine your objectives: Determine which goals are important to your company and optimize your campaign to achieve them. Increased online sales, lead generation, and increased offline sales are all examples of goals.
- Choose the best bidding strategy from the following:
- Smart Bidding: Set bids automatically based on your objectives.
- Maximize conversion value: Increase conversion value as much as possible while staying within your budget.
- Conversion optimization entails driving as many conversions as possible.
- Continue to use Final URL Expansion: Final URL Expansion is a new feature that helps you find new, converting search queries that aren’t already covered by your keyword-based Search campaigns.
- Upload a variety of creative assets, including: Please include as many text, image, and video assets as possible. Automation performs better when it has a wide range of assets to choose from in order to find the best combinations.
- Include audience cues: Your data, which includes Customer Match and website visitors lists, as well as custom segments, are the most useful audience signals to provide.
- In the works are some upcoming features.
- Google will release new features in Performance Max for retailers and businesses with storefronts in the coming months.
Businesses will be able to optimize campaigns solely for new customer acquisition with the upcoming features.
Retailers who have a local inventory feed will see new Search and Map ad formats powered by their products, which will help drive more foot traffic to their stores.
Google intends to continue investing in Performance Max and improving its automation technology in order to assist businesses in achieving better results.
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