This week we’ll get into the nitty gritty of account management: adjusting bids in Google Ads. Our process takes much of the pain out of doing this task, so let’s dive in!
Why?
INCREASE SPEND ON EFFECTIVE KEYWORDS. JDM evaluates the performance of keywords and based on a set of criteria, allocates more of the client’s budget to keywords that are performing well.
DECREASE SPEND ON INEFFECTIVE KEYWORDS. Likewise, JDM allocates less money to keywords that are not performing well.
How?
1. Download a keywords report
2. Bid down
3. Bid up
Skills
1. Excel calculation functions
1. Download a keywords report off Google Ads
Filters:
Columns:
Impressions
Clicks
CTR
Cost
Avg. pos.
Conversions
Cost/Conv.
CVR
2. Report Prep
COLUMNS. Add 2 columns: “New max CPC” and “Bid Adjust Type”.
NEW MAX CPC. This is where you will perform the calculations for the new bids.
BID ADJUST TYPE. In the “Bid Adjust Type” column you just created, mark “bid down” and “bid up” when you are adjusting the bid on a keyword in the following steps.
It’s also extremely helpful to set bidding guidelines before you start to keep your bidding consistent. Here’s what one of ours looks like:
