If you’re running any PPC campaigns on Google AdWords, you may have noticed a notification earlier this month announcing that Google will soon be getting rid of ‘Converted Clicks’ and will move all conversion bid metrics to ‘Conversions’ this September. At first, this update may seem like a simple change in definition — but this latest AdWords update could have big effects on your PPC campaigns if you’re not prepared.
So what are converted clicks and why are they no longer needed? When Google first debuted conversion tracking, they were only measuring how many clicks led to one or more conversions, which they labeled as a ‘converted click.’ In this way, converted clicks was really a click metric and did not accurately track conversions. Converted clicks couldn’t attribute how many conversions came from a single click and couldn’t distinguish which conversions were made from that click. Now, conversion tracking is more complex and sophisticated.
Google is enhancing their conversion tracking to bring more detailed and customized reporting to advertisers, which will also improve the performance of automated bidding PPC campaigns. With Google moving all conversion bid metrics to conversions, advertisers can now track a lot of useful data that wouldn’t work with converted clicks. With conversion bid metrics, advertisers can now:
- Track multiple conversion actions within a single click event
- Customize how they would like their conversions to be counted
- Specify the value of their conversions
- Choose what conversion actions they would like to measure
- Segment by conversion name or conversion category
- Select an attribution model for their conversions
- Track when ad clicks lead to in-store visits
- Measure cross-device conversions
To update your conversion bid metric settings, follow these steps:
- Log into your AdWords account
- Once logged in, click on the Tools tab
- Then select Conversions from the drop-down menu
- Click on Settings from the left-side menu
- Click on the pencil under Conversion Bid Metric
- Change from ‘Converted Clicks’ to ‘Conversions’
- Then click Save
With this latest Google update, AdWords advertisers can expect to gain more information about their conversions and what actions are the most valuable for their campaigns. It may be inconvenient to update the settings on your automated campaigns, but doing so will provide some great benefits for online stores in that they'll add more accuracy to PPC campaigns.