Create a new Conversion action in you your Google Ads Account. https://ads.google.com/aw/conversions
Select Import > Other Datasources or CRMs Manual Import using API or uplaods > Track conversions from clicks
Image RemovedImage AddedSelect a Category and the conversion action name.⚠️ Select the “Secondary action not used for bidding optimisation“ first when setting up the conversion action. This allows you to see the impact in GAds before using it for the bidding and serves as a test.
Image RemovedImage AddedSelect different values for each conversion and set the default value to 0. For the count we want to have each conversion separately. The Click-through conversion window should be set to 90 days and the attribution should be data-driven.
Hit create and continue to confirm your settings.
Let Boxalino know the name of the conversion action and we will prepare a datafeed.
Use the feed to schedule uploads automatically. https://ads.google.com/aw/conversions/uploads/schedules
Image RemovedImage AddedSet up custom columns in the campaign reports to show profit margin and POASMOAS. The metric “All Conversion Value” must be selected or else it will not work. Then, choose the conversion action that you created for the formula.
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Set up custom columns in the campaign reports to show revenue and ROASMOAS. The reason is that once you change your primary conversion action in the account, then you can’t really use historical data to compare year-over-year.Observe the POAS performance
Image AddedImage AddedWe recommend to observe the MOAS performance over a week and define a good starting point for the new Smart Bidding portfolio.
⚠️Set up a new Custom Goal at the bottom of the conversions summary page.
Image AddedAdd the newly created “Margenwert“ conversion action to your goal and save it.
Select a campaign you would like to compare the performance and create the exact same but with the new custom goal and the evaluated MOAS target. Also allocate only half of your budget for each.
⚠️Do not continue before consulting reviewing the results from the above test with an expert from Boxalino first!!!
Switch the profit action to “primary“ and the revenue action to “secondary“ conversion actions.
Once you’ve changed your conversion action to profitmargin, you need to immediately make changes to your Smart Bidding setup. Set up a new Smart Bidding portfolio based on the current POAS performance.
(optionally):
You can do the same thing with just a single campaign by changing the conversion action at the campaign level and creating a portfolio bid strategy only for that campaign.
This way, you can get a sense of what happens when you switch the conversion actionSmart Bidding setup. Set up a new Smart Bidding portfolio based on the current POAS performance.