{"id":2212,"date":"2016-05-11T17:00:08","date_gmt":"2016-05-11T17:00:08","guid":{"rendered":"http:\/\/www.certificationanswers.com\/?p=2212"},"modified":"2019-02-01T16:18:25","modified_gmt":"2019-02-01T16:18:25","slug":"you-are-gaining-a-reputation-as-a-true-wizard-of-adwords-and-just-won-a-multi-million-dollar-client-to-consult-on-bidding-strategy-your-new-client-asks-you-to-set-bids-that-maximize-profit-focus-on","status":"publish","type":"post","link":"https:\/\/www.certificationanswers.com\/en\/you-are-gaining-a-reputation-as-a-true-wizard-of-adwords-and-just-won-a-multi-million-dollar-client-to-consult-on-bidding-strategy-your-new-client-asks-you-to-set-bids-that-maximize-profit-focus-on\/","title":{"rendered":"You are gaining a reputation as a true wizard of AdWords and just won a multi-million dollar client to consult on bidding strategy. Your new client asks you to set bids that maximize profit, focus on the top 3 positions, and minimize CPA. How can you most effectively meet their goals?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>You are gaining a reputation as a true wizard of AdWords and just won a multi-million dollar client to consult on bidding strategy. Your new client asks you to set bids that maximize profit, focus on the top 3 positions, and minimize CPA. How can you most effectively meet their goals?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>A) Set bids that minimize CPA within the top 3 positions, but explain that profit cannot effectively be optimized simultaneously.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"color: #008000;\"><strong>B) Explain that all three objectives contradict each other and the tradeoffs at risk. Understand the client&#8217;s priorities and adopt a bidding strategy with minimal contradictions.<\/strong><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>C) Set bids that simultaneously optimize profit, position, and CPA all to the perfect point.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>D) Set bids that minimize CPA while maximizing profit, but explain that position cannot effectively be optimized simultaneously.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Explanation:<\/p>\n<p>&nbsp;<\/p>\n<p style=\"padding-left: 30px;\">In order to achieve your goals most effectively, it\u2019s helpful to prioritize your business objectives. You can optimize your AdWords campaigns to achieve many different goals, but tradeoffs are often necessary. Conversion rates don\u2019t vary much with ad position, the following trends are important to remember:<\/p>\n<ul>\n<li>Increasing bids generally results in more conversions at a higher average cost-per-acquisition (CPA).<\/li>\n<li>Decreasing bids generally results in fewer conversions at a lower average CPA.<\/li>\n<li>Increasing bids while limited by daily budget generally results in fewer conversions at a higher average CPA.<\/li>\n<\/ul>\n<p style=\"padding-left: 30px;\">You can read more here: <a href=\"https:\/\/support.google.com\/partners\/answer\/2799821?hl=en\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/support.google.com\/partners\/answer\/2799821?hl=en<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; You are gaining a reputation as a true wizard of AdWords and just won a multi-million dollar client to consult on bidding strategy. Your new client asks you to set bids that maximize profit, focus on the top 3 positions, and minimize CPA. How can you most effectively meet their goals? &nbsp; &nbsp; A) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-2212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-google-ads-search-advertising-certification-assessment-answers","7":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u25b7\u2764\ufe0fYou are gaining a reputation as a true wizard of AdWords and just won a multi-million dollar client to consult on bidding strategy. Your new client asks you to set bids that maximize profit, focus on the top 3 positions, and minimize CPA. How can you most effectively meet their goals? - Certification Answers<\/title>\n<meta name=\"description\" content=\"Get the answer of \u23e9You are gaining a reputation as a true wizard of AdWords and just won a multi-million dollar client to consult on bidding strategy. Your new client asks you to set bids that maximize profit, focus on the top 3 positions, and minimize CPA. How can you most effectively meet their goals? \u2705\u25b7\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certificationanswers.com\/en\/you-are-gaining-a-reputation-as-a-true-wizard-of-adwords-and-just-won-a-multi-million-dollar-client-to-consult-on-bidding-strategy-your-new-client-asks-you-to-set-bids-that-maximize-profit-focus-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u25b7\u2764\ufe0fYou are gaining a reputation as a true wizard of AdWords and just won a multi-million dollar client to consult on bidding strategy. Your new client asks you to set bids that maximize profit, focus on the top 3 positions, and minimize CPA. 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