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As
consumer journeys become more complex, it’s more important than ever to
help marketers scale with automated solutions. Businesses large and
small have been using Google’s Smart Bidding technology to set more
precise bids tailored to each and every auction. In fact, more than 70%
of all advertisers use Google Ads automated bidding today. And while
many of you have told us that Smart Bidding has helped drive better
performance, you’ve also asked for more flexibility to reach your
business goals. That’s why earlier this week at Google Marketing Live, we unveiled three new bidding innovations: Campaign-level conversion setting:
To provide more flexibility and customization within accounts, we’re
introducing campaign-level conversions. Previously advertisers could set
any conversion goals at the account level. However, that meant that all
campaigns within that account would be tied to the same set of goals.
Advertisers will now be able to map relevant conversion goals at the
campaign level. This will be especially useful for accounts that have
clearly differentiated campaign goals (e.g., campaigns representing
different lines of business or distinct marketing budgets). Seasonality
adjustments: While Smart Bidding incorporates seasonality, we’ve heard
the need for more controls to account for ad hoc events like one-time
promotions. That’s why we’re introducing seasonality adjustments. For
example, if you know that your conversion rates will spike due to an
upcoming promotion, you can schedule an appropriate adjustment for that
period. Maximize conversion value: We’ve
announced a new bidding strategy, Maximize conversion value. Up until
now, bidding strategies around conversion value were largely focused on
efficiency (e.g., Target ROAS). We understand many advertisers are more
focused on volume and growth. Maximize conversion value allows an
advertiser to optimize for the most conversion value within a specified
budget. Value rules: Finally, we’ll be introducing value rules in the
coming months. We understand that conversions are not always valued
equally. Value rules will let advertisers differentiate conversion
values based on characteristics like location, device and audience. This
will allow you to customize conversion values so they align more
closely with your business goals. These are just a few of the
announcements made at Google Marketing Live this week. Check out the
Google Marketing Live site to see these and all the other products we announced. Posted by Anthony Chavez, Director, Product Management

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