Originally posted by Google in its Consumer Technology Industry Knowledge Center:
Decisions, decisions
As a top search and performance marketing agency, Performics provides marketing solutions to more than 125 of the world’s top brands. The company’s search marketing experts know how vital it is to focus on the right keywords in any search-based advertising campaign and adjust maximum cost-per-click (CPC) accordingly. With this in mind, Performics has developed its own bidding algorithm that it uses on all of its accounts. Performics also has a team of dedicated Bid Strategists.
“Optimizing keyword bids is a critical ongoing decision we make for clients,” says Jeff Licciardi, Account Managerat Performics. “We’re constantly looking for ways to increase visibility into keyword performance to see areas where there is strong ROI and room to grow impressions.”
The devil’s in the details
In its constant quest to improve campaign performance, the agency saw a major opportunity when it learned about Google AdWords bid simulator. While it can’t predict the future, the bid simulator allows Licciardi and his team to explore what could have happened if they had set different keyword-level bids. Using data from the past seven days, the bid simulator re-calculates the number of impressions for which their clients’ ads could have shown had they chosen a different maximum CPC, how many clicks the ads could have gotten for those impressions and how much those clicks would have cost. The feature provides increased visibility into the AdWords auction and gives the Performics team the insight to make more informed bidding decisions to meet clients’ advertising objectives.