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Maximize Ads Performance

Published on: June 5 2023 by pipiads

In this article, we will be discussing how to optimize your Google Ads Performance Max campaign. It is important to note that optimizing a Performance Max campaign is different from optimizing a search or shopping campaign in Google Ads. Performance Max campaigns are specifically built to work with Google's algorithm, and they use audience signals, keywords, and other inputs as a guide to find more conversions based on your goals.

Types of Results:

Performance Max campaigns can be a valuable addition to the total Google Ads account and the campaigns that you are running for your business. For example, a service provider could generate more enquiries for their business with a cost per conversion of 24 versus the total campaign average of 35. An e-commerce business could see a rise of 7.29 versus the total account of 5.92, making it the second-best performing campaign in the account.

When to Use Performance Max Campaigns:

It is important to remember that Performance Max campaigns should not be the first campaign you set up in your Google Ads account, nor should they be the only campaign you run. They work best when they are used in conjunction with another campaign, and when your account has strong audiences in the audience manager section of Google Ads, as well as products or services that already have a good conversion history.

How to Optimize Performance Max Campaigns:

There are two main options for optimizing your Performance Max campaigns. Firstly, you can review your clicks versus the number of conversions or the total conversion value, and remove any keyword themes from your audience signals that are not profitable. Secondly, you can review your locations and filter them by cost to see if there are any areas that have a high cost but low conversion actions. You can then exclude these locations or put more budget focus on the better performing ones.

Optimizing your Google Ads Performance Max campaign is crucial to achieving success in your advertising efforts. By following these simple optimization tips, you can increase the performance of your Performance Max campaigns for your business. Remember to always have strong audiences in your account, and to only use Performance Max campaigns in conjunction with another campaign. Download our free Performance Max campaign guide for a step-by-step process on how to set up your campaign correctly.

Google Ads Performance Max Campaigns

In November of 2021, Google announced the release of Performance Max campaigns to advertisers all over the world. Performance Max campaigns are a new campaign type that allows advertisers to reach their customers across six different platforms: YouTube, Display, Search, Discover, Gmail, and Maps. Instead of creating separate campaigns for each platform, Performance Max rolls all of them into one campaign.

To set up a Performance Max campaign, advertisers need to choose from three different campaign objectives: sales, leads, or local store visits. Google will then provide conversion goals associated with the chosen objective, which can be adjusted as needed. Advertisers also need to select a budget, bidding strategy, campaign settings, and ad creative components such as images, logos, and videos.

One unique feature of Performance Max campaigns is the audience signal, which uses machine learning to target potential customers based on their behavior and interests across all six platforms. Advertisers can also set exclusions and targeting options to further refine their audience.

Overall, Performance Max campaigns are meant to complement regular search campaigns and offer a more streamlined approach to multi-platform advertising. While there may be some reporting shortcomings, Performance Max campaigns offer a unique opportunity to reach a wider audience and improve overall campaign performance.

Google Ads Tutorials: Creating a Performance Max campaign

Google and YouTube are two of the most popular and widely used search engines and video-sharing platforms in the world. They have revolutionized the way people access and share information, and have become an integral part of our daily lives.

1. Advantages of Google:

- Google has a vast database and can provide quick and accurate search results.

- It offers various features such as Google Maps, Google Translate, and Google News.

- Google AdWords allows businesses to reach a wider audience and promote their products and services.

2. Advantages of YouTube:

- YouTube offers a vast collection of videos on a wide range of topics, from entertainment to education.

- It provides a platform for individuals and businesses to showcase their talents and promote their brand.

- YouTube's algorithm suggests personalized content to users, making it easier to discover new and relevant videos.

3. How Google and YouTube are interconnected:

- Google owns YouTube, and therefore, search results from YouTube are often displayed on Google search pages.

- YouTube videos can also be embedded into Google search results, making it easier for users to access relevant videos.

Google and YouTube have transformed the way we access and share information. While Google is primarily a search engine, YouTube offers a vast collection of videos on a wide range of topics. Together, they provide a comprehensive platform for individuals and businesses to connect with their audience and promote their brand.

Get More Sales with Performance Max [Step by Step Set Up Guide]

Welcome back to the next free video in my Google ads tutorial series called Get Google Ready in 2023. In today's video, we'll be taking you through how to set up Google's China new toy which are Performance Max campaigns. In this process, we'll be discussing asset groups, audience signals, and ad assets.

Asset groups are similar to ad groups, where you can group together similar products or services in your campaign. Within each asset group, you can add audience signals which are recommendations that you give to Google around the type of keywords or different websites related to your products or services. You can also add different audiences, refine your demographic targeting, and build in your own data.

Ad assets consist of all your ad copies like headlines, descriptions, images, and videos. These are the information that you give Google, so it will go through and create read your ads, which are what people see and click through to reach your website or buy your product.

To set up your Performance Max campaign, you need to go through Google Ads and select new campaign. Choose whether you want to focus on sales or leads. Then select Performance Max and enter your campaign name, budget, countries, language, and more settings.

After this, you can start creating your asset group, adding images, logos, videos, headlines, long headlines, descriptions, and site links. Make sure to use all options for more split testing. You can also add promotions, price links, and structured snippets.

In conclusion, setting up a Performance Max campaign may seem complicated, but it can help you drive more inquiries and sales. By understanding asset groups, audience signals, and ad assets, you can optimize your campaign and get better results.

Best Way To Optimise Performance Max Campaigns Right Now

Performance Max Campaigns can be used to show ads across all of Google Ads' different networks, including search, shopping, display, Gmail, and YouTube. However, the limited amount of data and optimizations available can lead to rising costs and no conversions.

Optimization Process:

There is a simple optimization process that can be put in place to lower costs and increase conversions. This process has been proven to work, with a campaign's cost per conversion being lowered from $24 to $12 and ROAS increasing from 4.5 to 9.6 over a four-week period.

Step 1: Proper Performance Max Campaign Setup

To ensure success with the optimization strategy, the Performance Max Campaign needs to be set up correctly. A free Performance Max Campaign setup guide can be obtained by following the link in the description below.

Step 2: Excluding Underperforming Products

The optimization process involves excluding products from the product feed in Google Ads. This may seem drastic, but it is necessary for Performance Max Campaigns.

Step 3: Reviewing Metrics

Metrics such as cost per conversion, conversion value cost, conversion rate, impressions, and spending should be reviewed on a weekly basis to determine which products need to be excluded from the feed.

By following the optimization process outlined above, businesses can ensure that their Performance Max Campaigns are targeting the products that generate the most impressions and valuable conversions. Remember to review metrics on a weekly basis and use the exclusion process to improve the performance of the campaign.

Stop Making This MISTAKE with Performance Max Asset Groups

Since the introduction of Performance Max campaigns, many Google Ads experts have been sharing their strategies for success on YouTube. However, the problem is that no one has tested these strategies for the long term. Therefore, it is unclear whether they are just a thought bubble that has only seen a little bit of success for a couple of weeks, only to see the performance in the Performance Max campaigns drop significantly because the strategies that they are saying are successful just don't work at all.

The Biggest Incorrect Strategy:

There has been one strategy in particular in regards to Performance Max campaigns that I've never understood, and to be honest, is just plain wrong. Over the past couple of months, I've been receiving a regular stream of emails of people reaching out and asking me to have a look at their Performance Max campaigns, and for the ones that I do have a look at, they all have one thing in common, and that is that they're using the same strategy which is being pushed around on YouTube right now.

The strategy that you need to stop using with your Performance Max campaigns is by creating multiple asset groups based around audiences and keywords. This is where you retarget the same collection of products in multiple asset groups in the same campaign with the only difference being that those asset groups have a different collection of keywords or websites or audiences.

Why This Strategy Will Not Work:

Google says that when you go through and set up an asset group, they give a big clear green box which says that Google will go beyond your selections to find more conversions. So, even if you set up an asset group that only has keywords and no audiences in it, Google will still assign audiences to that asset group. Therefore, you are just wasting your time setting up different asset groups which are targeting the same products that only have the difference of you entering in some different keywords or custom segments to your asset groups.

What You Should Be Doing:

Asset groups should be based on individual groups of products, and the reason for that is because one of the great features with Performance Max campaigns is that inside of those asset groups, you can tailor them to a small section of products, and then further than that, you can create specific ad copy images and YouTube videos which relate to that individual product.

If you want to see success with your Performance Max campaigns, you need to make sure that your asset groups are based on different sets of products, and they've got assigned listing groups with different products that then have individualized ad copy images and videos targeting and relating those products that you have in your listing groups. Following this strategy will ensure that you see the best results possible for your Performance Max campaigns.

How To Set up Google Ads Performance Max

Performance Max Campaigns: The Good, the Bad, and the Ugly

Performance Max Campaigns are the new shiny toy in Google Ads that promise to unlock new audiences across all of Google's channels and networks, drive better performance, provide transparent insights, allow for automation with campaign inputs, and simplify the process of campaign management and ad optimization. But are these promises too good to be true?

Listed Benefits of Performance Max Campaigns:

- Unlock new audiences for your Google Ads campaigns

- Drive better performance across your goals (maybe)

- Provide more transparent insights (no)

- Allow for automation with campaign data inputs (cautious yes)

- Simplify campaign management and ad optimization (yes and no)

The Good:

- Easy to set up

- Allow for some level of targeting and optimization with audience signals

- Can produce good results with strong audience data

- Can be used as a bottom of the funnel strategy with strong custom audiences

The Bad:

- Target conversions over conversion value

- Will override your selections to find new audience and demographic groups

- Limited options for targeting and optimizing

- Will go beyond your selections to find new audience and demographic groups

The Ugly:

- Don't provide enough data to make proper optimizations

- Can't see what search terms trigger your ads

- Limited options for targeting location data

- Can result in wasted budget without the ability to add negative keywords

Whether or not Performance Max Campaigns are worth it depends on the quality of data in your Google Ads account. If you have a good one to two years of

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