Performance Max is Google's black box. It works, until you need to know why it works, or where the budget is going. For a £2M/year ecommerce client, that opacity was costing them.
The problem with PMax
- You can't see search terms cleanly
- Brand and non-brand traffic get blended
- Creative and placement control is minimal
- It cannibalises your other campaigns and takes credit for it
What we replaced it with
A transparent structure we could actually steer:
- Standard Shopping with priority bidding tiers
- Search split into brand / non-brand / competitor
- Demand Gen for upper-funnel, measured separately
- Clean offline conversion uploads so ROAS reconciled to real revenue
The result after 90 days: ROAS climbed from 4.1× to 7.4×, and, more importantly, we could explain every pound.
Control beats convenience when there's real money on the line.