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Why Should Your Business Use Performance Planner In 2023?

What is Google Ads Performance Planner?

What is performance planner and why should your business use performance planner?

Imagine you’re running an ice cream truck, and you want to sell your frozen delights to as many happy customers as possible.

Google Ads has this cool tool called Performance Planner that’s like having a personal ice cream genie.

Why should your business use performance planner?

Performance Planner is designed to help advertisers optimize their Google Ads campaigns by providing insights and recommendations based on historical campaign data and other factors.

For example, Performance Planner looks at how you’ve done in the past, like how many ice creams you’ve sold and where you’ve parked your truck.

Then, it tells you some awesome ideas for your business.

It can predict how different stuff, like changing your ice cream flavors or where you drive your truck, will affect your sales.

Let’s say you tell the planner you want to spend more money on advertising.

It’ll predict how many more ice creams you might sell and if it’s worth the extra cash.

Or, you can ask it how to get more customers in a specific area – it’ll serve up some smart suggestions.

In a nutshell, Performance Planner helps you figure out how to make more dough while keeping your ice cream cold and your customers happy.

It’s like having a friendly ice cream expert to guide your business.

Latulippe (An E-commerce Retailer) - Optimizing Seasonal Campaign with performance planner

This (Latulippe) outdoor gear and clothing e-commerce store gears up for the busy holiday season every year with Google Ads, but this time, they aimed to make their budget work harder.

They turned to Google Ads’ Performance Planner, sharing their past holiday data, and, like magic, the tool predicted how different budget moves would play out.

It suggested where to spend more for top-performing ads and where to cut back on the not-so-hot ones.

The result? More sales, a profitable return on their ad spend, and saved cash.

Plus, the tool made their holiday goal-setting a breeze and saved the marketing team a ton of time they’d otherwise spend crunching numbers.

In a nutshell, Performance Planner helped them make the most out of their holiday advertising budget and supercharged their results.

Key Features of Performance Planner

  1. Budget Forecasting: Performance Planner helps advertisers estimate the potential results of different budget allocations. It allows you to see how adjusting your budget might affect your campaign’s performance.
  2. Traffic Projections: The tool provides forecasts for key performance metrics like clicks, impressions, conversions, and costs based on your historical campaign data and proposed changes.
  3. Seasonal Adjustments: Performance Planner can factor in seasonality, enabling you to plan for periods of increased or decreased demand.
  4. Bid Strategy Recommendations: It can suggest changes to your bidding strategy to help you achieve your advertising goals more effectively.
  5. Performance Targets: You can set specific performance targets, and the tool will recommend budget adjustments to reach those targets.
  6. “What-If” Scenarios: Advertisers can experiment with different scenarios to see how changes in various campaign parameters might impact performance.

Why should Your Business use performance planner?

1. Optimize Ad Spend

why should your business use performance planner in 2023?

Performance Planner can help you make more informed decisions about your advertising budget.

Like how much cash you’re willing to dish out for your ads.

Performance Planner is like a money-saving guru for your advertising game.

Here’s the deal: It gives you some smart suggestions on where to sprinkle your ad budget.

You know, which ad campaigns and keywords are the real stars, so you get the most bang for your buck.

It’s like having a financial advisor for your ads, but instead of stocks and bonds, you’re investing in keywords and campaigns.

The goal? To get the best results without burning a hole in your wallet.

So, Performance Planner helps you make your advertising budget work like a charm.

2. Forecasting

how to use performance planner in 2023?

Let’s talk about looking into the future with Performance Planner.

This tool can predict what might happen with your ad campaigns if you change your budget.

For example, if you decide to spend more or less on your ads, it’ll give you a sneak peek into what to expect.

It’s a bit like having a fortune teller for your advertising.

This way, you can plan ahead and set goals that make sense for your ads.

It’s all about keeping things realistic and knowing what’s on the horizon for your advertising adventures.

So, Performance Planner helps you be the ad wizard of tomorrow!

3. Maximize Conversions

Performance Planner spots chances for you to get more people to do what you want, like buying ice cream on a hot day.

It’s pretty clever, as it suggests things like adjusting how much you’re willing to spend on certain keywords and where to put your ad budget.

Think of it as your advertising guru, pointing you in the right direction to boost your sales.

So, you can sell more ice cream (or whatever you’re selling) by following its advice.

4. Efficiency

Let’s talk about efficiency, and I promise it’s not as boring as it sounds.

Performance Planner can actually save you some valuable time and effort.

Instead of diving into all the nitty-gritty details of your ad campaigns and doing a ton of manual work, this tool does the heavy lifting for you.

It gives you suggestions on what to change, like adjusting your ad settings, keywords, and budgets.

So, you get to skip the tiring manual analysis and adjustments.

It’s all about making your life easier in the world of ads.

5. Seasonal Campaign Planning

why its necessary to use performance planner?

In Seasonal Campaign Planning, performance planner works like a buddy who knows when to bring out the sunscreen and when to grab the umbrella.

If your business goes through ups and downs throughout the year, like selling ice cream more in the summer and less in the winter, Performance Planner has your back.

It helps you figure out when to put more money into your ad campaigns during the busy times and when to ease off during the slow ones.

So, you can make sure you’re all set to shine when the sun’s out and save some cash when it’s chilly.

6. Competitive Analysis

How to use performance planner for competitive analysis?

Let’s spill the beans on competitive analysis with Performance Planner.

This tool peeks at what your competitors are up to, just like checking out what flavors the ice cream truck across the street is selling.

It tells you how well they’re doing and, most importantly, gives you sneaky tips on how to stay ahead in the game.

It’s a spy on your side, helping you keep your ads sharp and competitive.

So, you can be the cool cat in the market, even when the competition is fierce.

7. Stay Up to Date

How to use performance planner to stay up to date?

Staying up to date in the ever-changing world of online advertising is very crucial for business growth.

Online advertising is a bit like a fast-moving rollercoaster, with new tricks and strategies popping up all the time.

But, lucky for you, Performance Planner is provided by Google, and it’s like the trendy guru of the advertising world.

You see, it’s always on the lookout for the newest and best ways to rock Google Ads.

So, by using this tool, you’re sort of like having a backstage pass to the latest and greatest features and tricks to keep your ads fresh and competitive.

You can always stay ahead of the curve and make your ads stand out in the crowd with performance planner.

8. Data-Driven Decisions

This is all about making smart choices using data like picking your ice cream flavors based on what people really love, not just your own taste.

Performance Planner doesn’t guess or rely on hunches.

It uses hard facts and fancy math (that’s the algorithms part) to give you suggestions.

This means you can make decisions about your ads that are backed by real numbers, not just gut feelings.

So, when you scoop up insights from Performance Planner, you’re making choices that are likely to be spot on and bring more customers to your ice cream truck.

9. Better Targeting

How to use performance planner for better ad targeting?

Performance Planner doesn’t just throw darts blindly.

It’s a savvy advisor who suggests the perfect keywords, audience groups, and even ad styles that are likely to bring you more clicks and customers.

So, when you follow its lead, you’re more likely to scoop up the right customers who are craving your ice cream.

10. Budget Allocation

Using performance planner for budget allocation

What about divvying up your ad money?

It’s more fun than counting coins.

Instead of playing a guessing game with your ad budget, this tool steps in and helps you decide where to put your cash.

So, if you want to make sure you’re not wasting your hard-earned dough on less promising stuff, Performance Planner’s got your back.

11. ROI Improvement

Hoe to use performance planner to maximize the roi of your business?

ROI stands for Return on Investment.

When you follow performance planner’s advice, you’re more likely to see better results for the money you put in.

In simple terms, it helps you make sure that every dollar you spend on ads brings in more than a dollar in return.

So, you’re not just selling ice cream; you’re selling ice cream with sprinkles and a cherry on top.

It’s all about getting the most value from your marketing budget and making your advertising efforts super profitable.

Final Thoughts

In a nutshell, Google Ads’ Performance Planner is your savvy partner for making your online advertising a delicious success.

It’s always there to help you optimize your budget, predict the future, and boost your sales.

With features like budget forecasting, efficient campaign planning, and competitive insights, it’s your secret sauce for improved ROI and staying ahead in the advertising game.

So, why not give it a whirl and scoop up more sweet success for your business?

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