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(Guide) (External) Smart Bidding Practitioner's Guide, Q4'19 (En - US) - Go - Gms-Biddingguide
(Guide) (External) Smart Bidding Practitioner's Guide, Q4'19 (En - US) - Go - Gms-Biddingguide
*If your campaigns are small (e.g. <30 conversions / month) and/or this type of fluctuation is normal for your campaigns,
1then Seasonality Adjustments aren't recommended. You should only use Seasonality Adjustments for short events that
expect a major change in conversion rates.
SMART BIDDING PRACTITIONER’S GUIDE
Target metric
reflects margin
Recommendation
for seasonal events
When choosing a target for Smart Bidding, always keep in mind that sales events usually
have the goal to maximize volume. This means most businesses are willing to trade margin
for volume. Adjust your bidding target accordingly to get more volume!
#E8EAED
Use this data to make adjustments to your target metric during an upcoming event,
if needed. If your campaign is new, look at similar campaigns in your account.
2
SMART BIDDING PRACTITIONER’S GUIDE
Ramp up:
● Increase targets when CvR starts deviating from its usual
Ramp down:
● Decrease target immediately after event ends.
● It is recommended to adjust target by 1/2 the proportion of the initial adjustment, e.g. if you
increased target by 2x you should only decrease it from the baseline by 25%.
Ex: $100 → $200 (“ramp up”) →
$75 (“ramp down”) → $100
If you’re running a flighted campaign that will be live for 7 days or less, you should:
When using Maximize Conversions or Maximize Conversion Value, no changes are necessary!
Pro tip
Just ensure there is enough budget to capture the full opportunity.
3*If using Seasonality Adjustments, there is no need to adjust your targets, as you can inform Smart Bidding of expected
changes in your conversion rates prior to the seasonal event. Learn more here.
Case study
Titus looked for ways to grow online shop revenues at a profitable return on ad spend
(ROAS) not only through always on campaigns but also leveraging attractive offers
during Black Friday season. Eprofessional - an agency at the forefront of automation -
worked with Titus to fully automate their Search campaigns. Using Google’s Target
ROAS Smart Bidding strategy they aimed to maximize revenues at a sustainable ROI.
Knowing that Black Friday is an important seasonal event for Titus, they decided to
keep all fully automated campaigns live during peak season, ensuring campaigns were
equipped with sufficient budgets to capture increased demand.
Titus not only achieved a revenue growth of +116% YoY, but was also able to increase
revenues by +44% during Black Friday at a stable ROAS. Client and agency were happy
with how Google’s machine learning quickly reacted to seasonal changes.
“Automation is king.”
–
Julius Dittmann, CEO, Titus
Case study
Since 1999, Magazines.com has been the trusted online source for deals and
discounts on popular magazine subscriptions. Leading up to the holiday season, The
brand and its data-driven agency partner, Rakuten Marketing Agency, test Smart
Shopping campaigns for the first time.
Building on their success with Dynamic Search Ads, Rakuten Marketing Agency tested
Smart Shopping campaigns for their client Magazines.com and saw an increase in
sales at a consistent return on ad spend (ROAS).
1 In Europe, Smart Shopping campaigns can be used with any Comparison Shopping Service (CSS) you work with. The ads will show on general search results pages and on
any other surfaces the CSS has opted in to
2 Compared the campaign’s 30-day YoY performance to its Standard Shopping campaigns
3 Brand revenue increase between Thanksgiving and Cyber Monday 2018
Case study
When auction-time-bidding was released as a feature for SA360 bid strategies, Havas
jumped on the opportunity to begin testing right away. After a series of controlled tests
across a handful of accounts, agency leadership then took a scaled approach to make
sure all account teams were utilizing this feature.
120% Increase in
Conversions
58% Improvement in
Cost per Acquisition