What is a valid recommendation that the Performance Planner can provide?
- Create alternative versions of best performing ad variations
- Apply specific bid adjustments to device and location targeting
- Add a themed group of negative keywords
- Set a specific target CPA (cost-per-acquisition)
Explanation:
Performance Planner can provide a valid recommendation to set a specific target CPA (cost-per-acquisition). Once you use Performance Planner to create a plan with the target date, campaigns, budget, target conversion volume, and target cost-per-acquisition (CPA) for upcoming periods, the tool will provide one of the recommendations below.
1. Search Target CPA or Target return on ad spend (ROAS) campaigns
2. Search Manual cost-per-click (CPC) or Enhanced CPC campaigns
3. Search Maximize Clicks or Maximize Conversions campaigns
- Learn more here: Skillshop Search Certification
The Performance Planner is a powerful tool in Google Ads that helps advertisers forecast future campaign performance based on historical data and various campaign settings. One of the valid recommendations it can provide is to set a specific target CPA (cost-per-acquisition). Target CPA is an automated bidding strategy that allows advertisers to set a target cost they are willing to pay for each conversion. By inputting this target CPA into the Performance Planner, advertisers can get insights into how their campaigns are expected to perform based on different budget allocations and target CPAs. This recommendation enables advertisers to align their campaign goals with their desired cost per acquisition, ensuring that their advertising budget is efficiently allocated to achieve their desired conversion targets while maintaining a profitable cost structure. Additionally, by setting a specific target CPA, advertisers can leverage Google’s machine learning algorithms to automatically adjust their bids in real-time to maximize the likelihood of achieving their acquisition goals within their specified cost constraints.