With a budget bid strategy, Search Ads 360 automatically sets average daily budgets, bids, and bid adjustments to help get as many conversions as possible at the target spend.
You configure a budget bid strategy as part of a plan, either when you're creating a new plan or editing an existing plan.
Step 1: Create or edit a plan
Create a new plan
- Sign in to your new Search Ads 360.
- Navigate to a sub-manager account.
- In the left page menu, click Bidding & Planning.
- In the Active plans or All plans sub-menu, click the plus button to create a new plan.
- In the “Date range” section, choose a date range for your performance goals from the dropdown.
- In the “Key metric” section, select the metric you want to track. You can choose from the following:
- Conversion value (conversion value per spend)
- Conversions (Average Cost/Conversion)
- Clicks (Average CPC)
- In the “Campaigns” section, you can use your existing campaigns.
- Click Continue.
Finish the process by completing the steps under Create or edit your budget bid strategy
Edit an existing plan
- Sign in to your new Search Ads 360.
- Navigate to a sub-manager account.
- In the left page menu, click Bidding & Planning.
- In the "All plans" sub-menu, select the checkbox for a plan you want to edit, then click Edit and select "Edit plans".
Finish the process by completing the steps under Create or edit your budget bid strategy
Step 2: Create or edit your budget bid strategy
- On the "Adjust forecast" page, under "Your Plan" panel, toggle the "Budget bid strategy" option On to forecast what happens when you create a budget bid strategy.
- Enter your spend amount, then click Continue.
- On the “Set up plan” page, choose your plan schedule and performance targets.
- In the “Performance settings” section, select the Optimize performance automatically with a budget bid strategy option.
- If your key metric is "Conversions" or "Conv. value", you’ll find 3 additional checkboxes below this option. You may select as many or as few as you wish.
- Use Google Ads auction-time bidding (recommended): Helps improve performance by using real-time contextual signals, such as time and location.
- Not using auction-time bidding may negatively affect performance.
- Auction-time bidding is only available for Google Ads campaigns. Learn more About using Search Ads 360 conversions for auction-time bidding.
- Set intraday bidding limits: These limits apply to campaigns that don't use auction-time bidding and only apply to the base keyword or product-group bid.
- You can set a minimum and/or maximum bid.
- Set Target cost / conversion constraint: Sets the maximum cost per action (CPA) amount for your budget bid strategy.
- If you select this option, you must enter a currency amount to keep the cost / conversion below.
- Setting a "Target cost / conversion constraint" may prevent the budget bid strategy from spending the targeted amount.
- Use Google Ads auction-time bidding (recommended): Helps improve performance by using real-time contextual signals, such as time and location.
- If you don't select the "Use Google Ads auction-time bidding" option, you will find 3 choices for bid adjustments. (These adjustments could raise or lower your bids beyond the limits you set for your intra-day bidding limits.)
- Device
- Audience
- Location
- Click Set up plan if you're creating a new plan or click Update plan if you're editing an existing plan.
To return to a previous step in the process, click the name of the step below the navigation bar.