The latest prognosticating tool assists you to choose how to distribute your budget across accounts. The tool functions with auction data, periodical and recent record.
A new year comes with new scopes involving a lot of preparations. You might have already prepared with planning at the start of January. Everyone likes to grab a profitable deal. After going through the planning and estimation phase, you might come across the situation to predict the performance of the campaigns at different spend levels, overall conversion goals or performance targets for a conference happening on the next day.
Google introduced a performance planner to help you in this situation. To commit oneself how to allocate your whole budget across accounts for the next day, next week, next month, next quarter, or round the year, you could find the solutions using Google Ads Performance tool. You can implement a performance planned for manager accounts. Continuing the same budget and goals, still, you could find various possibilities and scopes to enhance the Campaign’s performance across multiple accounts.
Acquisition of the majority outcomes of Performance Planner
If you need to predict the performance of the campaign in the next month with a budget of $500, you can find the performance prediction results within few minutes.
There are three fields provided for customization.
o CPA (Cost per Action)
You can select and change any one of those, the remaining values will be updated correspondingly.
You can view the designed plan on a draft plan page, the page comprises an overview where you can analyze the campaign’s performance with changes in it. You can also see how campaign performance statistics will alter in real-time and can share that data prior to implementing any plan. It’s a reliable and secure platform for your estimations and forecasting.
Design the Plan as per your term cycle stages
Based on your business operations, you can change the dates of your forecast. You can choose weekly, monthly, quarterly or annually. You can even consider a single day. Once you get the predictions for the year 2020, you can go ahead for forecasting next year’s performance.
Significance of the Seasonality in the Campaign’s performance:
Seasonality plays a vital role in forecasting the plan. The seasonality comes into action whenever you change the dates. The prediction of campaign performance will be decided by the following factors in traffic.
o Google’s historical search queries in the selected term
o Geographic areas
o Ranks from preceding years
These factors also influence the yearly growth.
The seasonality forecasting doesn’t include the variations in conversion rates. If you are intended to forecast the campaign’s performance during holiday sales where you can see a rise in conversion rate, you can update the conversion rate manually in the tool.
Allocating the Budget as per the performance report
You can rely on this tool in analyzing the optimal budget allocation for the campaigns across multiple accounts. If you have a greater budget, this tool can give you a picture to spend it in a perfect and profitable way. If you end up with a lower budget, in this case, the tool helps you to reduce the budget in prime areas of the campaign’s maintenance.
If you alter spend towards the campaigns that are predicted to have greater CPAs, however, you can see the performance of the campaign at each spend point. Performance Planner always considers your suggested bidding and budget settings in analyzing the performance of the campaigns at each spend point.
Predict the effect of the new keywords on the live campaigns
How will new keywords help in standing query mix and budget strategies? Will these new theories direct searches you’re appearing so far, or will this initiate new volume?
Click on the independent campaigns and check out the” The Things to try” section. Include the keywords and watch what’s predicted to happen.
With existing settings analyze the plan beside each other
You can view the earlier performance along with your current and planned settings. This is very helpful when you need to get approval from individuals who are not aware of the live performance of the campaigns.
If you intended to keep ROAS (Return on Advertising Spend) remain constant and seeking to enhance conversion rate, in this case, you can look for other possibilities.
Take actions on the created plans
You can take action on plans rapidly immediately after receiving approval. You can download the plans in the form of Google Ads files, so it’s possible to beat ground working. You can download the plan summaries which includes the modifications you need to compose.
Create an Outstanding Plan
Few more points to be considered and keep in mind before starting a plan:
o Planning over multiple accounts: You can add campaigns from multiple accounts into your plan. The Performance Planner is as flexible as your account architecture.
o Campaigns and accounts should have identical objectives in every plan: Your plan will not be so great if you consider only the CPA goal shared by a few of your campaigns. Different goals are useful to design different plans, which can be used across multiple accounts.
o The campaigns should be qualified to be planned: Campaigns need to have sufficient history and also Performance Planner serves with Search campaigns considering definite bid strategies: related CPC (Cost Per Click), augment clicks, enhanced CPC or Selected CPA (Cost per action).
o Accuracy against Scheduled Time: The more accurate plan is possible only when you devote your analysis towards the forecast period. If you are estimating the plan away from the forecast period, there is a chance of variations on a few elements.
o Forecasts work as a guide, however, not as an assurance: These estimations purely based on auction data, periodical, and recent history.
o Significance of conversion rate: If you don’t have a sufficient conversion record, you might set the conversion rate manually, however, be realistic in choosing the conversion rate. Being too conservative and aggressive may lead to missing your noble goal, and you might lose out on major profitable traffic.