{"id":16567,"date":"2023-12-08T19:07:49","date_gmt":"2023-12-08T14:07:49","guid":{"rendered":"https:\/\/ppcexpo.com\/blog\/?p=16567"},"modified":"2023-12-22T13:27:51","modified_gmt":"2023-12-22T08:27:51","slug":"ppc-bidding-strategies","status":"publish","type":"post","link":"https:\/\/ppcexpo.com\/blog\/ppc-bidding-strategies","title":{"rendered":"PPC Bidding Strategies: Advertisers\u2019 Guide to Successful Automatic Google Ads Bidding Strategy"},"content":{"rendered":"<p>There\u2019re many things in life that are too good to be true.<\/p>\n<p>Civilization in Mars, an existing Godzilla, a primate size of Kong, and a unified Korean nation are some of the issues that could form the list.<\/p>\n<div style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-4345\" style=\"max-width: 100%;\" src=\"https:\/\/ppcexpo.com\/blog\/wp-content\/uploads\/2021\/07\/ppc-bidding-strategies.jpg\" alt=\"PPC Bidding Strategies\"><\/div>\n<p>An automatic bidding service by Google could also fall in the list above due to its mystery.<\/p>\n<p>Google is currently leveraging the use of machine learning and artificial intelligence in its advertising platforms and specially for PPC Bidding Strategies. Advertising alone accounts for over 96% of the tech giant\u2019s gross sales revenue.<\/p>\n<p>As an internet marketer, you\u2019re at a stage where you curate ad campaigns and Google optimizes everything else for you.<\/p>\n<p>How cool is that?<\/p>\n<p><a href=\"https:\/\/ppcexpo.com\/blog\/core-benefit-of-google-ads-automated-bidding\" target=\"_blank\" rel=\"noopener noreferrer\">Automatic bidding in Google Ads<\/a> suits advertisers looking to conveniently optimize their campaigns beyond the fundamental metrics.<\/p>\n<p>Obviously, selecting the appropriate bidding type and implementing an optimized ad campaign is important in reducing costs.<\/p>\n<p>When you\u2019re creating a new ad campaign, Google asks whether you want a manual or automatic route.<\/p>\n<p>In this guide, you\u2019ll discover key automatic options and what to keep a watchful eye on.<\/p>\n<p>Without wasting time, let\u2019s begin with the genesis of every new account- Manual Bidding Strategy.<\/p>\n<h2>PPC Bidding Strategies: Manual vs. Automatic Google Ads Bidding Options<\/h2>\n<h3>What is the Manual Google Ads Bidding option?<\/h3>\n<p>This is the most-basic and easy-strategy to understand as a newbie.<\/p>\n<p>Basically, you set your bids at the keyword level and the bids stay unchanged until you act again. Albeit Google gives a subtle warning, this is the strategy you want to start with <a href=\"https:\/\/ppcexpo.com\/blog\/what-is-paid-search-advertising\" target=\"_blank\" rel=\"noopener noreferrer\">if you are new to PPC<\/a><strong>.<\/strong><\/p>\n<h3>What are the pitfalls of the Manual PPC Bidding Strategies \u00a0in Google Ads?<\/h3>\n<ul>\n<li>In today\u2019s world where everything is almost automated, all you want is convenience.<\/li>\n<\/ul>\n<p>The manual strategy takes all the precious time you have. Besides, it requires you to keep watch of the performance and take action when needed.<\/p>\n<ul>\n<li>Manual bidding is likely to underperform. When you review performance, you\u2019ll only access a limited number of performance metrics.<\/li>\n<\/ul>\n<p>This implies that you will not have a complete picture of the <a href=\"https:\/\/ppcexpo.com\/blog\/understanding-customer-experience-throughout-the-customer-journey\" target=\"_blank\" rel=\"noopener noreferrer\">customer journey<\/a> at various touchpoints in your sales funnel.<\/p>\n<p>The last pitfall is the reason why many seasoned marketers prefer to use data-driven automatic bidding options.<\/p>\n<h3>What is enhanced Click-per Action?<\/h3>\n<p>It\u2019s the only automatic option that Google provides you when you opt for manual strategy.<\/p>\n<p>Enhanced CPC allows Google Algorithm to optimize the keyword bid you set manually.<\/p>\n<h3>\u00a0How do you set this option?<\/h3>\n<p>You can set Enhanced Click-Per-Action by simply ticking the box appearing below the manual settings window. Alternatively, you can enable it from the bidding type dropdown menu.<\/p>\n<p>This option decreases or increases your keyword bid based on the chances a click will result in a conversion. A well-optimized manual campaign using this option can result in increased conversion value and CTR.<\/p>\n<p>Enhanced CPC should be the first step towards automation if your new account is recording positive outcomes.<\/p>\n<div style=\"text-align: center; padding-top: 2px; padding-bottom: 2px;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-4345 tip\" style=\"max-width: 80%;\" src=\"https:\/\/www.ppcexpo.com\/blog\/wp-content\/uploads\/2021\/07\/ppc-bidding-strategies-tip-1.jpg\" alt=\"Tips\"><\/div>\n<h3>What is Automatic Google Ads bidding strategy?<\/h3>\n<p>Who wants to adjust bids every time, especially when you\u2019re running many ad campaigns?<\/p>\n<p>We bet \u201cnobody.\u201d<\/p>\n<p>This is why a huge chunk of seasoned marketers use automated bidding strategies to drive successful campaigns.<\/p>\n<p>Following are Google Ads Bidding strategies at your disposal as a digital marketer.<\/p>\n<p>You need to pay close attention to them. They may break or make your campaign.<\/p>\n<ol>\n<li><strong>Target Impression Share<\/strong><\/li>\n<li><strong>Cost Per View bidding ( CPV)<\/strong><\/li>\n<li><strong>Cost per Thousands Impressions<\/strong><\/li>\n<li><strong>Maximize Clicks<\/strong><\/li>\n<li><strong>New: Maximize Conversion Value<\/strong><\/li>\n<li><strong>Maximize Conversions<\/strong><\/li>\n<li><strong>Target Return-On-Ad-Spend (ROAS)<\/strong><\/li>\n<li><strong>Target Cost-Per-Action (CPA)<\/strong><\/li>\n<\/ol>\n<h3>Google Ads Bidding Strategies &#8211; 8 Choices Explained<\/h3>\n<h4>\u00a0 1. Target Cost-Per-Action<\/h4>\n<p>It focuses on raising your brand awareness to as many online users as possible. All you need to get started with this Google Ads bidding strategy is to enter your target percentage of impressions.<\/p>\n<p>You need to know that impressions do not guarantee clicks.<\/p>\n<h4>\u00a0 2. Cost-Per-View Bidding<\/h4>\n<p>This option is currently reserved for video advertisers. It\u2019s mostly found in YouTube. A \u201cview\u201d is defined by Google as the timeframe a user watches your content ad.<\/p>\n<p>CPV is YouTube\u2019s default setting.<\/p>\n<h4>\u00a0 3. Cost-Per-Thousands ( CPM)<\/h4>\n<p>It\u2019s based on views just like CPV and is suited for platforms, such as YouTube<\/p>\n<p>An impression is deemed as \u201cviewed\u201d after a user spends 2 seconds watching.<\/p>\n<h4>\u00a0 4. Maximize Clicks Bidding Strategy<\/h4>\n<p>This option depends highly on your daily max ad budget. Google drives the most clicks possible with the maximum budget you allocate.<\/p>\n<p>Maximize Clicks bidding strategy is recommended when you have limited search volume and budget for your ad campaigns.<\/p>\n<h4>\u00a0 5. Maximize Conversion Value Bidding Option<\/h4>\n<p>This is the newest option available for advertisers. It focuses on maximizing the conversion value using the set daily budget.<\/p>\n<p>The Target<strong> ROAS<\/strong> and this option contrast because you don\u2019t have to set your target return. You let Google\u2019s AI set it for you.<\/p>\n<h4>\u00a0 6. Maximize Conversion Bidding<\/h4>\n<p>This is the easiest option available for internet marketers. Google Ads platform automatically bids for the maximum conversion using your Ad Spend.<\/p>\n<p>For instance, if your daily Ad Spend for your campaigns is $20, Google will find you maximum conversion.\u00a0 If conversion costs more than your entire budget, Google won\u2019t do bidding work for you.<\/p>\n<p>This method depends on your daily budget for maximum conversion and higher <a href=\"https:\/\/ppcexpo.com\/blog\/roas-calculation\" target=\"_blank\" rel=\"noopener noreferrer\">ROAS<\/a>.<\/p>\n<h4>\u00a0 7. Target Return-On-Ad-Spend (ROAS)<\/h4>\n<p>In this option, Google sets your bids to maximize conversion using the target return on marketing investment. This method is the most viable for advertisers albeit it has lots of math.<\/p>\n<p>We guess that\u2019s one of the reasons why most digital marketers run away from it.<\/p>\n<p>Let\u2019s assume that you want to generate a sale of $20 for every $10 you spend on your ad campaign<\/p>\n<p style=\"text-align: center;\"><strong>Sales \/ ad spend x 100% = <\/strong><a href=\"https:\/\/ppcexpo.com\/blog\/roas-calculation\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Target Return on Ad Spend<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><strong>$20\/$ 10 * 100% <\/strong><strong>= 200%<\/strong><\/p>\n<p>The Target ROAS in this instance= 200%<\/p>\n<h4>\u00a0 8. Target Cost-Per-Acquisition (CPA)<\/h4>\n<p>If the objective of your campaigns is conversion, the CPA option is highly recommended. Google Ads will focus on converting prospects at a specified expense of acquisition.<\/p>\n<p>You don\u2019t want to set your target CPA to $25 if the price of your offering is $25.<\/p>\n<p>This would be the break-even point albeit the goal is to generate net profits.<\/p>\n<h3>When to use Automatic vs. Manual bidding?<\/h3>\n<p><a href=\"https:\/\/ppcexpo.com\/blog\/manual-bidding-vs-automated-bidding\" target=\"_blank\" rel=\"noopener noreferrer\">Automatic vs. manual bidding<\/a> that is always remain a question. At this point, you already know about the different automatic bidding strategies at your disposal.<\/p>\n<p>Where do you start with knowing the relevant bidding option for your business?<\/p>\n<p>Every ad campaign should be optimized based on the desired objectives.<\/p>\n<p>Let\u2019s break down common objectives and aligned bidding strategies.<\/p>\n<ul>\n<li>\n<h4>Conversion<\/h4>\n<\/li>\n<\/ul>\n<p>If the objective of the campaign is to drive huge conversion volume, consider these bids:<\/p>\n<p>(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Enhanced CPC<\/p>\n<p>(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Target ROAS<\/p>\n<p>(c)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Target CPA<\/p>\n<p>(d)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Maximize Conversion<\/p>\n<p>(e)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Maximize conversion value<\/p>\n<ul>\n<li>\n<h4>Traffic<\/h4>\n<\/li>\n<\/ul>\n<p>Advertisers whose objective is to drive traffic to their sites for goals other than converting consider the following:<\/p>\n<p>(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Manual CPC<\/p>\n<p>(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Maximize Clicks<\/p>\n<ul>\n<li>\n<h4>Brand awareness<\/h4>\n<\/li>\n<\/ul>\n<p>Brand awareness is one of the less commonly pursued goals by internet marketers. There are bidding strategies aligned with this objective, namely:<\/p>\n<p>(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 CPM for YouTube<\/p>\n<p>(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Target Impression Share<\/p>\n<h2>Wrap Up<\/h2>\n<p>The choice between PPC Bidding Strategies (Manual and <a href=\"https:\/\/ppcexpo.com\/blog\/when-should-you-use-automated-bidding\" target=\"_blank\" rel=\"noopener noreferrer\">Automatic Google Ads Bidding<\/a>) options boil down to your experience in PPC and the goals of your campaigns.<\/p>\n<p>Automatic Bidding Strategy is highly popular because it conveniently optimizes your Ad campaigns beyond the basics metrics. Google suggests this option because it\u2019s a data-driven approach.<\/p>\n<p>Why would you want an option that limits your performance metric measurement?<\/p>\n<p>Seasoned advertisers prefer the <a href=\"https:\/\/ppcexpo.com\/blog\/campaign-optimization-process\" target=\"_blank\" rel=\"noopener noreferrer\">data-driven<\/a> option with multiple performance metrics. This paints the whole picture of the prospect\u2019s interaction with the funnel\u2019s touchpoints.<\/p>\n<p>Why would you want an option that\u2019s so manual you\u2019re forced to shove other tasks aside?<\/p>\n<p>We bet you\u2019d rather go \u201cauto\u201d just like the car you prefer driving.<\/p>\n<p>However, if you\u2019re a newbie in PPC, consider starting with a manual strategy. Then, slowly transition to Enhanced-CPC as you head to Automatic Google Ads Bidding options.<\/p>\n<p>Before choosing your Google Ads approach, assess the <a href=\"https:\/\/ppcexpo.com\/blog\/advertising-goals-and-objectives\" target=\"_blank\" rel=\"noopener noreferrer\">objectives of your campaign<\/a> carefully. After all, you won\u2019t be happy being Google\u2019s cash cow for little or no return.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><p>In this guide to automating your bidding, you\u2019ll learn about all the options available and what to look for with the Automatic Google Ads bidding strategy.<\/p>\n&nbsp;&nbsp;<a href=\"https:\/\/ppcexpo.com\/blog\/ppc-bidding-strategies\"><\/a><\/p>","protected":false},"author":1,"featured_media":16569,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[785],"tags":[],"_links":{"self":[{"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/posts\/16567"}],"collection":[{"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/comments?post=16567"}],"version-history":[{"count":0,"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/posts\/16567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/media\/16569"}],"wp:attachment":[{"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/media?parent=16567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/categories?post=16567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ppcexpo.com\/blog\/wp-json\/wp\/v2\/tags?post=16567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}