Using Value Metrics for Conversions in Google Ads

Publicado 2023-07-03
Google Ads reps have been more proactive in asking for us to use Conversion Values associated with each of our conversion actions. In this video, we'll talk through how to set those up, determining your values for lead generation campaigns, and discuss how using values can impact your campaign performance with automated bidding strategies.

1:06 - Options for Assigning Values to Conversion Actions in Google Ads
3:48 - Quick View of Where Dynamic Conversion Values Come From
5:42 - Figuring Out Static Values for Lead Generation Conversion Actions
10:46 - Sample Conversion Flows Provided by Google
12:13 - How Conversion Values will Impact Google Ads Campaigns
13:04 - Opting into a Target ROAS Bidding Strategy to Optimize for Conversion Value
14:10 - Volume Considerations for Target ROAS Bidding Strategies
14:52 - How Bidding Strategies & Target ROAS Goals Impact Volume

#conversionvaluegoogleads #googleadsconversionvalue #googleads
--
Have a topic you want the Paid Media Pros to breakdown?
Let us know in the comments below!

CHECK OUT OUR AFFILIATES:
Unbounce - bit.ly/pmp-unbounce
Instapage - instapage.grsm.io/paidmediapros
Supermetrics - bit.ly/supermetrics-pmp
TubeBuddy - www.tubebuddy.com/paidmediapros
Canva - partner.canva.com/paidmediapros

Find more about the Paid Media Pros here:

Website: www.paidmediapros.com/
Merch: my-store-c4f630.creator-sprin...
Facebook: www.facebook.com/PaidMediaPros/
Instagram: www.instagram.com/paidmediapros/
Twitter: twitter.com/paidmediapros

Todos los comentarios (10)
  • @neumaninha
    You guys have the most complete and high-quality content for us specializing in paid media! Thank you for sharing this! :)
  • @matthews.6372
    Great content as always. Another way that this was communicated to me by a higher-level Google Rep was that you can use a 3-tiered point system and not set a "dollar" value. So for example, if contact form submissions are more valuable than phone calls, then you might set a value of "3" to the contact form submissions and a value of "2" to phone call leads. This will tell Google that contact form submissions are of higher value (and priority). From there, you wouldn't use a Target ROAS bidding strategy, but a Target CPA. I've used this in several accounts and it seems to work pretty well.
  • @user-ie2hj3mh4s
    Great content as always, thanks for sharing your thoughts and giving an overview of the calculator! Would be great if you could create another video around tROAS bidding adjustments across different scenarios. Thanks!
  • @RoryLees
    Great content as usual 🔥 question, I have proxy values setup for my lead form and I’m wanting to upload MQLs back into the system to help steer the algorithm. Can I just assign these MQLs with a higher value than the initial lead form? The number will be unrealistic (in terms of the revenue im making) but I don’t want to completely restructure my conversion actions. I hope this makes sense
  • @darrenburn8087
    Great vid, my only question is whether Lead and MQL stage should be Secondary goals with Purchase the only Primary goal or whether they should all be set as Primary?
  • @ogulubora
    Does your course based on google ads?