š” Understanding different Google Ads bidding strategies is crucial to avoid budget depletion and maximize conversions.
š The bidding options include strategies focused on clicks, conversions, and impression share.
š Maximize clicks bidding strategy aims to generate as many website clicks as possible, but setting a maximum cost per click is recommended to control budget.
š° Start with a low budget and increase it later if necessary.
š Maximize clicks if you are a new account or don't have conversion tracking set up.
š Maximize conversions if you want to get as many leads as possible.
šÆ Set a target cost per action to control your spending.
š° Google Ads bidding strategy focused on maximizing profit by targeting higher value conversions.
š Setting a target return on ad spend to guide the bidding strategy.
š¤ The importance of analyzing prior data to determine the appropriate target ROAS for each niche.
šÆ Target impression share allows you to determine how many times your ad is seen and share impressions with other advertisers.
š Setting the number for target impression share depends on the competition level in your niche.
š° You can also set a maximum CPC limit to control your ad spend while maintaining your desired impression share.
ā Target impression share strategy is good for new businesses who want to increase brand awareness rather than focusing on clicks or conversions.
šÆ Target impression share is a bidding strategy that shows your ad as much as possible, which is beneficial when you have many competitors.
š° Manual CPC allows you to set your own cost per click, while smart bidding methods optimize for conversions or conversion value by allowing Google to increase the cost per click as necessary.
āļø Maximize conversions and maximize conversion value are recommended bidding strategies over enhanced CPC when you want more detailed control and the ability to set your own target.
š There are 5 Google Ads bidding strategies: maximize clicks, maximize conversions, maximize conversion value, target impression share, and manual CPC.
š” Maximize clicks allows you to set a manual budget per keyword, while maximize conversions focuses on getting as many conversions as possible.
š Maximize conversion value is for increasing profit and targeting higher-end conversions, while target impression share is for brand awareness and competing with specific competitors.
š” There are multiple Google Ads bidding strategies that can be tested to determine which one performs better.
ā° You can schedule and set specific dates for running experiments with different bidding strategies.
š If you want to learn more about Google Ads and other ad networks, you can visit the speaker's website for free resources and paid training courses.