It is important that you reassess your Google Ads today. There are many tools out there that allow you to calculate your AdWords budget, and there is a lot of information on the internet regarding how you should determine your budget. What there isn’t much information on is how to reassess your Google Ads budget. After you’ve started, how do you rethink your PPC services spending? We’re going to discuss that today.
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We’ve seen the following budget situations with Google Ads
For example, someone is trying to determine “How much do we need to spend” for the first time when they launch an AdWords campaign. A really difficult conversation is always that of “how much will we really be able to get approved to spend, right?”
It’s really important to understand the difference between how much you’re allowed to spend and how much you need to spend.
You should pay attention to a couple of things when re-evaluating your Google AdWords budget. Here are some situations we see very frequently when re-evaluating your Google Adwords budget from PPC for lawyers.
Search impression share has been lost because of the budget.
A campaign has been launched, and some conversions have been achieved, but you would like to see more results.
When you lose it to rank, you can usually do something about it. It’s more of a time and effort thing than a budget thing, so you need to create more focused, relevant, and better search impressions so that you can take that impression share and increase it.
Increasing your daily budget for your most profitable campaigns is one of the simplest ways to reassess your Google Ads budget. This will allow you to grow.
To grow your MQL volume, you must make the right decisions
A rigid budget structure will hinder your ability to make the needed decisions to actually increase the quantity of marketing-qualified leads.
As a matter of fact, I’ve seen less than 5% of our clients actually reassess budgets over the last five years. That’s because they got results. Instead of trying to grow around them.
If possible, you should be able to maximize your best-performing campaigns, but still have enough budget to test new strategies around new keywords, new funnel positions, new types of campaigns, new channels, paid social, LinkedIn, and Facebook — as well as test display advertising.
There’s Something Wrong with Your Campaigns
In the end, if your campaign just isn’t performing, you should reassess your budget. Unsuccessful campaigns are part of life.
It might be a good time to reassess the budget. Perhaps, just maybe, more time is needed for the campaign. You don’t have to completely shut it off, but you can review it. For example, maybe you don’t have the budget right now to experiment more, so you don’t want to run alpha and beta campaigns where alpha is your most effective campaign. It works. They have 100 percent search impression share, while your beta campaign has 50%.
The purpose of reevaluating budgets is not to increase them. It is, however, to diminish some of them. This requires a fine amount of expertise and analysis so that you don’t sabotage your efforts. It is possible that there are indirect benefits to your paid search campaigns and advertising campaigns in general that you aren’t giving enough credit to.
Thoughts for the end
Taking a step back is okay if your campaigns are underperforming. Slowing them down. Cutting away the fat is okay. Google Ads Agency can re-evaluate your budget. It is difficult for in-house marketers to adjust budgets due to the fact that they do not have the freedom to adjust to the results they are receiving. Make sure your budget is flexible so that you can adjust on a whim.