What is Bid Simulator in Google Ads?
Ad auctions are used by simulators to gather search and network advertising data. They gather data from ad auctions, including competition, keyword traffic, and Quality Score. Built-in Google Ads bid simulators assess the potential effects of different bids on weekly ad performance. You can use a simulator to analyze how possible modifications to your campaigns, ad groups, or keywords can impact important metrics, such as your Google Ads cost.
You can use the bid simulator to see how your advertising would do if you adjusted your bids. It will calculate the number of times your advertising might have clicked, the potential cost, the number of times your ads can be viewed, and the potential number of leads or sales. Additionally, it may tell you how much extra you would have to spend per day to achieve these outcomes.
Where to find Bid Stimulator?
you can find this tool by selecting the graph icon next to your bids in the campaign, ad group, or keyword settings. You can try out different bid amounts and see how they could affect your clicks, impressions, and conversions by clicking on the icon, which will launch the Bid Simulator. Customizing your keyword reports will also give you access to this information.
How to use Bid Stimulator?
Google Ads Bid Simulator is considered one of the best features that can be used to make the right bid that will fit your campaigns. To use it effectively, follow these steps:
- Access the Bid Simulator:
- Click on Google Ads to sign in to your account.
- Go to the campaign or ad group with which you wish to work.
- Select a Date Range:
Select the period of using simulation for bids. This will help you understand how different bidding could affect the performance of your ads during that time.
- Use the Bid Simulator:
Bid Simulator is in the campaign or ad group level options. Enter various bid values to observe possible effects on your click-through rate, impression share, cost, conversion rate, and other related aspects.
- Analyze the Results:
Analyze the variable bid adjustments on the simulated data set in other to determine its effects. Find the bid price that best achieves what you want from the campaign, whether it be impressions, clicks, conversions, or some specified ROI. To maximize your bids and your campaigns’ performance make decisions based on the following information.
Types of Bid Stimulator
Bid simulators are special instruments that show you how much your performance will alter should you decide to change your bids. Here are some of its types
- Traditional Bid Simulator: This tool reveals to you how the position of your maximum cost per click (CPC) affects the click-through, conversion, and impression of your ad.
- Campaign Bid Simulator: Unlike some other bid simulators, this helps you to see what impact altering bids right down to a whole campaign can have on that campaign.
- Shopping Ads Simulator: This tool is only avails for Shopping ads. This will demonstrate to you how rather the bid affects the result of a particular product’s advertisement.
- Video Campaign Bid Simulator: This simulator belongs to the Video campaign section.
With the Bid Simulator, you can adjust the bids specifically to achieve the best possible performance and complete your advertising spend. Always set several bids and probably look for which among them works the best for the campaign.