Knowing who your ad is competing against and how your ads are performing, is another way of optimizing your account for performance. Google Ads offers this insight in the form of auction insights.
Auction Insights lets you compare your performance with your competitors, participating in the same auction as you. Taking inputs from here, you could decide where you must slow down and where you need to act more aggressively.
You can access auction insights at campaign, ad group or keyword level. The metrics available to measure this comparison are:
- Average Position – This metric shows the average position of your or other advertiser’s ad after a successful auction. (Note: This metric is soon to be discontinued, come November)
- Impression Share – With this metric you can know how often your ad received an impression and is calculated as impression received divided by the total eligible impressions.
- Overlap Rate – This metric shows the competitiveness of your competitor, as it shows how often, other participants received an impression that your ad also received an impression for.
- Position above rate – It shows how often a competitor’s ad received a higher position than your ad during the same auction.
- Top of page rate -This metric shows how often the ad (yours or other advertiser’s) was shown at the top of page results, above the organic listing.
- Outranking share – With this metric you can find out the times you ad ranked higher than the advertiser’s during the auction.
To learn more about these metrics click here.
You could use the auction insights, for many reasons. We list some of them here:
Who’s bidding on your brand term?
One of the things that you can extract from the report, is understand how active your competitors are on your brand terms. You can then devise a bidding strategy to fight the competition and block all all opportunities for yourself. It also helps you ascertain if your affiliates are bidding on your brand. If they are, then you can take necessary steps to stop them from using your brand and diverting the clicks elsewhere.
Which device type is competitive?
Not only, does the report shed light on your competitors but also on the device that they are predominant on. You can identify which device is being used by competitors for a specific keyword or set of keywords. It can help you form a better device strategy and you can increase your bids for the device type your competition shows for.
When are your competitors bidding more?
Similarly (by segmenting you can also get insight on when your competitors are more active than you. You can then decide to increase your bids during days when your competitor is active and lower your bid when they are lying low.
How you are performing for a keyword?
You could choose a keyword or a set of keywords, for which you need insights and compare your performance with that of your competition. You could filter keywords with, for e.g., high CPA and check how they are fairing. If there is less competition then you could reduce the bids and reduce the CPA, as a result. Similarly other metrics (quality score, bidding strategy, below first page etc.) could be used to filter your keywords and analyzed to identify a certain pattern.
The perks of using this report are many. Some we have briefly explained and some you are welcome to share in the comment section below.