Online businesses need solid advertising in this competitive era to succeed. It is not an easy task to stay relevant in this sector. This is why you must use tools that give you a certain edge over your competitors. One such tool is Google’s Performance Planner. What can the Performance Planner assist you with? Your mind may have teemed with such questions. We are here to help you in this regard.
A Performance Planner offers valuable benefits for businesses, including leveraging seasonality trends, capitalizing on market trends, understanding user behavior, optimizing budget allocation, adapting to changes, identifying growth opportunities, and maximizing ad campaign performance.
By utilizing the Performance Planner, businesses can make data-driven decisions, optimize their advertising strategies, and stay ahead of competitors. It provides insights into user behavior, facilitates change adaptation, and maximizes budget utilization. The Performance Planner’s comprehensive features empower businesses to drive growth and efficiently achieve their objectives.
Read the complete article to gain in-depth knowledge. Discover the reasons why it’s a game-changer for businesses. Get ready to revolutionize your advertising strategies.
Why Should Your Business Use Performance Planner?
Here are compelling reasons that highlight the absolute necessity of a Performance Planner for your business:
The Performance Planner monitors and analyzes seasonality trends to capture and store relevant data. By analyzing historical data, it identifies recurring patterns over time. This valuable insight helps you understand when people will likely click on your ads.
For instance, if you have a winter clothing business, your ad campaign will likely perform well during winter. At this time, people are actively searching for winter apparel.
Conversely, your ad will have fewer clicks for winter clothing during the summer. The Performance Planner recognizes this seasonal shift in user behavior and provides crucial insight. Using this, you can decide when to run the ad campaign to get the most out of it.
2. Market Trends
Another persuasive reason to utilize a Performance Planner for your business is its ability to provide forecasts based on market trends. These forecasts offer up-to-date data that you can leverage efficiently to maintain a leading position in your industry. By capitalizing on this valuable information, you can leave your competitors amazed.
How can you achieve this? No need to worry! Let’s see an example. Imagine you operate a travel agency that helps people fulfill their dream of visiting beautiful destinations.
However, during the COVID-19 pandemic, travel restrictions were implemented, preventing people from international trips. As a result, there was a notable increase in the trend of local travel.
In such a scenario, it would have been beneficial to assess this trend using the Performance Planner and adapt your advertising campaign accordingly. This could be achieved through precise targeting of your specific audience.
By diligently monitoring market trends and adapting your strategies accordingly, you can significantly enhance the performance of your ad campaigns.
3. User Behavior
Understanding how your target audience interacts with your ads is crucial for successful campaigns. User behavior depends on several factors, including:
- Ad format
- Ad copy
- Ad media
- Call to action
The Performance Planner provides valuable insights into user behavior, revealing what users like about your ads and how they engage with them. It also offers suggestions for optimizing your ad campaign and engaging your audience.
For instance, if the carousel ad format performs well, the Performance Planner may recommend using captivating images to grab the customers’ attention.
Let’s consider an example: Suppose you have an e-commerce store that sells electronic devices. The Performance Planner analyzes user behavior and determines that the video ads featuring product demonstrations capture consumers’ interest.
Based on this analysis, the Performance Planner suggests using video ads and incorporating tutorials on using electronic devices. As a result, you’ll experience higher customer engagement and increased conversions.
4. Adapt to Changes in Your Account
When you make changes to your ad campaign, the performance planner considers them and presents updated data. Adding a new ad group will revise the forecasts and projected performance based on your modifications.
For instance, you are a fashion retailer specializing in funky clothes. After a certain period, you introduce a new product line: funky shoes. When you update your Google Ad account, the performance planner incorporates these changes into calculating performance forecasts.
It gathers historical data on similar product lines, anticipates the response from the target audience, and factors in metrics such as click rate and conversion rate.
So, the performance planner adjusts to changes in your ad campaign and provides revised data. It ensures that you have up-to-date insights to aid your decision-making process.
5. Optimized Budget Allocation
A Performance Planner can guide you in allocating the right budget and maximizing its advantages. The planner ensures you neither underspend nor overspend on your business ad campaigns. It projects performance forecasts based on different budgets to determine the optimal amount needed to achieve your goals.
For example, you are an online retailer offering various products. Using the Performance Planner, you can assess how different budgets impact your business, sales, conversions, and return on ad spend (ROAS).
Suppose you compare the results for budgets of $2000, $4000, and $6000. The Performance Planner provides insights on the budget that will benefit you the most. This gives you an idea of the optimal allocation required to help you achieve your desired objectives.
6. Adjusting Business Plans
Changing prices or adding a new product line can be problematic as you don’t know its impact on your ad campaign and business. With the Performance Planner, you can alleviate your worries and uncertainties.
It allows you to assess the impact of these changes on your performance metrics like clicks, sales, conversion rates, and ROAS. Considering these metrics, you can decide what changes to implement and what aspects should remain unchanged.
The performance planner also shows you the effect of changing ad format, PPC bids, and targeting options.
So, by having a Performance Planner, you can confidently adjust your business plans knowing the changes’ influence on your business and your PPC campaign.
You can understand this by the following example. Suppose you have a home decor business. You want to launch new products to gain new customers, but you’re unsure about it. You can use the performance planner to see how the new product will affect your goals and outcomes.
If it predicts improved metrics, you can introduce the new products without worry. You can re-analyze your decision if it indicates unfavorable results so that you can develop a better strategy to attract customers.
7. Identifying Growth Opportunities
The Performance Planner identifies growth opportunities for you. It shows new keywords that you can use in your campaign to reach a wider audience and improve sales.
It also illustrates how changing, adding, or removing keywords can impact your PPC campaign and business. Additionally, it helps you explore new audiences and target markets that may be interested in your product or service.
Suppose you are a home improvement service provider. The Performance Planner can identify growth opportunities for you. For example, it can show high demand for home improvement services in a specific region you are not targeting.
So, you can explore untapped audiences and expand your customer base by targeting such regions and using appropriate keywords for your PPC campaigns.
8. Competition Evaluation
The performance planner is most effective for conducting market research and analyzing competition in your industry. Additionally, it provides information on expensive and popular keywords related to your business.
You can identify which regions and keywords are worth targeting to maximize sales within your budget. You can stay ahead of your competitors by knowing which keywords to use and which areas to target.
Don’t miss out on this game-changing resource that will revolutionize the way you approach advertising.
Now that you understand why should your business use performance planner let’s discuss how to use Google Ads performance planner.
How to Utilize the Google Ads Performance Planner?
Using the Google Ads performance planner is easy. Here is a summary of the process of using it:
1. Access the Performance Planner in Google Ads
- Log in to your Google Ads account.
- Go to the tools and settings menu.
- Under planning, you will see the Performance Planner option.
- Click on it.
It will redirect to the Google Ads Performance Planner, where you can create and handle your ad campaigns.
2. Campaign Setup
The second step is to set up an ad campaign for your business plan. You can either make a new campaign or choose an existing one. There are different types of campaigns, such as:
- Local campaign
- Video campaign
- Local campaign
- Call campaign
- Discovery campaign etc
You can choose one that aligns with your business needs.
3. Define Your Business Goals
Why are you running the ad campaign? You should have a specific goal in your mind. You can also go with Google’s recommendations if you’re confused and don’t know what to choose.
4. Explore Different Scenarios and Adjust Variables
There are different variables present, such as:
- Ad formats
You can change these variables and compare how changing them impacted the forecast.
By reading this article, you have found the answer to your burning question: “Why should your business use performance planner?” A performance planner offers numerous benefits for businesses. By utilizing the planner, businesses can make data-driven decisions, optimize strategies, and stay ahead of competitors. You can use it to get insights into human behavior and use them to your advantage. Harnessing its power drives growth and achieves objectives effectively. So what are you waiting for?
Frequently Asked Questions (FAQs)
Q: What can the performance planner assist you with?
A: There are many advantages that a performance planner gives you. It aids you in tracking your business progress with ease. You can get it with a single click if you want to drive any date regarding keywords, locations, and other things. All these things tell you how can performance planner serve your business.
Q: Which two advantages does a performance planner offer?
A: Here are the two advantages that this planner offers:
- A performance planner helps you conduct market research.
- It allows you to evaluate the competition in your industry.
Q: What does a performance planner automatically do?A: A performance planner automatically generates forecasts, analyzes data, and provides recommendations to optimize campaign performance. It is a great tool that can help you with a number of things.