How to Unlock Sales Success: Explore Google Ads’ 7 Powerful Bid Strategies

Curious about the role bidding strategies play in your Google Ads campaigns? Essentially, these strategies determine your ad placement on search engine result pages, the focus of Google’s performance efforts to maximise ROI, and when you’re charged. Let’s dive into each bidding strategy to enhance your sales generation efforts.

In the Google Search Network, you have 7 bid strategies at your disposal to enhance your sales generation efforts. Here, we dive into each one to give you a deeper understanding.

Manual CPC

Manual Cost Per Click gives you total control over your budget, targeting, and ad performance monitoring. It allows you to determine what works for you by testing and monitoring your keywords and ad performance.

This makes it an excellent place for new businesses to learn Google Ads and experience advertisers running multiple ad campaigns to optimise conversion.

Manual CPC requires lots of time and attention. It also limits you from using all the known and unknown metrics accessible to Google’s automated algorithm.

Learn more about manual CPC.

Target CPA

This tells Google how much you want to spend for each customer Google brings your way – Cost Per Acquisition (CPA).

Here, you set the amount you value for each customer. Then Google optimises your ad to get as many consumers as your CPA and overall budget permits.

This metric is best suited for people with past ad campaign data and conversion tracking enabled to ensure they get profitable returns and avoid losing money.

Learn more about CPA.

Target ROAS

This means target Returns On Ad Spend.

With this strategy, you’re telling Google the returns you want for each Ad spend (the money you pay for ad placement). So, suppose you set your target revenue to be $50 for each $10 ad spend. In that case, Google will optimise your ad to get the maximum conversion value. This is calculated in percentages and is best for those with already existing marketing data.

This strategy without past ad campaign data and conversion tracking enabled can be disastrous for your ad goal. Google won’t have the data it needs to make smarter decisions on your ad to bring the highest value in returns.

Learn more about ROAS.

Maximize Conversion

Maximize Conversion is a simple strategy that allows Google to bring the most sales for your budget.

Here, you only set your average daily budget and leave the rest to Google. The ad platform will run your ad to give you the most sales at the lowest cost.

So, if your daily budget is $30, Google will avoid keyword bids that cost $30 and above. But this doesn’t mean it won’t increase your bid on terms that cost higher than you wish (not up to the $30) if it deems those keywords highly profitable for your sales goal.

Learn more about Maximize Conversion.

Maximize Clicks

Simply, this is you telling Google to get you the maximum number of clicks your ad can get on your daily budget. Targeting Maximize Clicks is one of the least preferred methods for sales generation. It doesn’t guarantee that you get clicks from serious consumers or consumers at all.

Here, Google only focuses on exhausting your budget to get the most clicks possible.

Learn more about Maximize Clicks.

Maximum Conversion Value

MCV is similar to target ROAS with respect to total sales per total ad spend. The difference here is that Google’s algorithm determines the value, not you. Once you set up your ad cost, Google will run your ad bid to bring in the most returns on your investment.

Due to its nature, it is vital that you have previous ad campaign data to allow this strategy to work. Also, you should enable conversion tracking to guarantee Google uses its vast pool of data to make intelligent decisions on your ad.

As a business new to Adword, this strategy is the least suitable for your sales generation efforts.

Learn more about MCV.

Target Impression Share

TIS is an ad metric that focuses on impression (appearance on the search result page). With this, you tell Google that you want to get the most visibility out of your budget for the keywords you’re ranking for. It’s calculated in percentages with a success rate determined by other Google ads and ad groups. This makes it one of the least likely strategies to lead to sales generation.

Learn more about TIS.