Maximize the total conversion value of your campaign within your specified budget with maximize conversion value bidding strategy. This bidding strategy uses advanced machine learning to automatically optimize and set bids. It also offers auction-time bidding capabilities that tailor bids for each auction. You define the value that you want to maximize, such as sales revenue or profit margins, when you set up conversion tracking for your account.
Before you begin
- Familiarize yourself with automated bidding.
- Before you can use maximize conversion value bidding, you’ll also need to set up conversion tracking with transaction-specific values.
How it works
Using historical information about your campaign and evaluating the contextual signals present at auction-time, maximize conversion value bidding automatically finds an optimal CPC bid for your ad each time it's eligible to appear. Google sets these bids to help get conversions that are the most valuable for your campaign while spending your budget.
Before switching to maximize conversion value bidding:
- Check your average daily budget amount. Maximize conversion value will try to fully spend your average daily budget, so if you’re currently spending much less than your budget, maximize conversion value could increase spend significantly.
- Check your return-on-investment (ROI) goals. If you have an ROI goal for your campaign, such as a target return on ad spend (ROAS), you may want to add a Target ROAS to your bid strategy.