Performance Max: Maximizing Online Advertising for Small Businesses
Mar 28, 2023 2 min read
PMax is a new Google campaign type that consolidates ad types, offering potential benefits for small businesses but requiring careful consideration of budget, performance, and creative assets.
The launch of Performance Max (PMax) at Google Marketing Live 2021 has sparked a mixed response. While some businesses have seen positive results, others struggle with the lack of control and unpredictable performance.
Performance Max (PMax) is a campaign type introduced at Google Marketing Live 2021 that holds relevance and potential benefits for small traditional business owners/operators.
PMax encompasses all Google Ads types, excluding Local Service Ads. It distributes the allocated budget and creative assets across different channels based on the algorithm’s assessment of where it can deliver the most impact for your marketing objectives.
Instead of running separate campaigns for Search, Display, Video, Discover, Local, or Shopping, PMax consolidates them into a single campaign, streamlining your marketing efforts. It should be noted that exclusions and negative keywords may require coordination with a Google representative, and the campaign heavily relies on creative visual assets.
Overall, PMax presents a unique opportunity to effectively reach and engage with your target audience across various channels, maximizing your marketing strategy’s effectiveness.
It is important to consider three core criteria to determine if PMax is suitable for your small business:
Budget: Evaluate if your budget allows for sufficient clicks per day to generate qualified leads or sales. Adjusting targets/keywords or exploring visually-oriented placements can be cost-effective alternatives.
Performance of Other Channels: Assess how your existing Google Ads campaigns are performing. Consider if layering PMax may cannibalize traffic from successful search campaigns or duplicate efforts from branded campaigns. However, if auction prices for Google Search are unaffordable, PMax can be a valuable solution.
Creative Assets: PMax requires visual creatives such as images, videos, and high-resolution logos. Ensure you can provide these assets, or performance may suffer compared to standalone campaigns.
Ultimately, there is yet to be a definitive answer on whether PMax will work for every brand. Testing is crucial, but it is advisable to pause standalone campaigns to avoid budget cannibalization. If PMax performs well, it frees up time from managing multiple campaigns and allows focus on creative and target audiences. If PMax underperforms, standalone campaigns can still be relied upon without the pressure to create content for unintended channels.
Where Marketing Works
We're a friendly team, available for ambitious businesses looking for that next step.