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Google Ads Performance Max

A hands-on, beginner course that takes you from a blank Performance Max campaign to a controlled, profitable system across Search, Shopping, YouTube, Display, Discover, Gmail, and Maps. You learn the exact asset, signal, budget, and reporting decisions that decide whether PMax prints profit or quietly burns budget.

Small-business owners, e-commerce sellers, freelancers, and marketers new to Google Ads who want to launch and scale Performance Max without handing Google a blank cheque.

Course content

How Performance Max Actually Spends Your Money45m
Conversion Tracking That Tells the Truth55m
Value-Based Bidding and Profit Goals50m
Designing Asset Groups That Control Spend50m
Audience Signals: Pointing the Algorithm45m
Search Themes and Steering Where You Can45m
Budget and the Learning Phase45m
Bid Strategies and Targets in Practice50m
A Safe Launch Sequence45m

Workbook & downloads

Put the course into practice — a printable workbook plus editable templates you can fill in and reuse.

Download workbook (PDF)14 KBDownload (XLSX)7 KBDownload (XLSX)7 KBDownload (XLSX)8 KB
Preview the workbook
This workbook turns the course into a launch-ready operating kit for your Performance Max campaigns. Work through each section as you build a real campaign, filling the worksheets with your own numbers and using the checklists to verify nothing breaks before you spend. The templates are editable planners for break-even ROAS and value-based bidding, asset group architecture, an asset and creative inventory, and a weekly waste-pruning log.

Foundations: Tracking and Profit Goals

Get conversion tracking, value passing, and your ROAS target right before launching a single asset group.
Checklist: Conversion Tracking Pre-Launch Checklist
  • Create the correct conversion action under Goals (e.g., Purchase or Submit lead form)
  • Install the Google tag site-wide and the conversion snippet on the success page (ideally via GTM)
  • Set count to Every for purchases or One for leads
  • Mark the real revenue event as Primary and demote soft events to Secondary
  • Turn on Enhanced Conversions and confirm the email/phone field is passing securely
  • Eliminate double-counting: one source per event or a shared transaction_id
  • Verify firing with Google Tag Assistant and confirm the action shows Recording
  • Set attribution to data-driven
Worksheet: Break-Even ROAS Worksheet
Derive your ROAS target from your margin instead of inventing one, then add a profit cushion. Calculate the figures yourself.
  • Average order value ($)
  • Gross profit margin (%) after COGS, before ad spend
  • Gross profit per order ($) — calculate
  • Break-even ROAS (approx 1 / margin) — calculate
  • Launch tROAS target (above break-even, with cushion)
  • Allowable cost per conversion at this target ($) — calculate
  • Will you launch with no target first? (yes / no)
Exercise: Garbage-In Audit
Pressure-test your goal and tracking before spend, because PMax optimizes toward exactly what you tell it.
  1. Is your Primary conversion a real money event, or a soft proxy like a page view?
  2. Could any sale be counted by both a Google Ads tag and a GA4 import at the same time?
  3. Are you passing dynamic order values (or profit), or a single fixed average value?
  4. If results looked great in week one, how would you confirm they match your real backend sales?

Asset Groups, Signals, and Search Themes

Architect campaigns and asset groups for control, then feed strong signals and search themes to steer the algorithm.
Worksheet: Asset Group Architecture Worksheet
Plan how you will split campaigns (separate budgets and targets) versus asset groups (shared budget) so money flows where you want.
  • Split logic chosen (category / margin tier / funnel role)
  • Campaign A name and the products or theme it holds
  • Campaign A bid strategy and tROAS or tCPA target
  • Campaign B name and the products or theme it holds
  • Campaign B bid strategy and tROAS or tCPA target
  • Asset groups inside each campaign and their one-line theme
  • Why these need separate campaigns rather than separate asset groups
Worksheet: Audience Signal Builder
Define the signal for each asset group, leading with first-party data, remembering a signal is a head start, not a fence.
  • Asset group / theme this signal serves
  • Customer Match list available? (size and source)
  • Converters / website-visitor segment to include
  • Custom segment: high-intent search terms to seed
  • Custom segment: competitor or category sites to seed
  • In-market / affinity audiences to add (if any)
  • Search themes (a few core commercial phrases)
Checklist: Steering Controls Checklist
  • Attach a first-party-led audience signal to every asset group
  • Add a small set of high-intent search themes per asset group
  • Decide Final URL Expansion: on (reach) or off (control) per campaign
  • If expansion is on, exclude non-commercial URLs (blog, support, login, careers)
  • Confirm each landing page actually converts before pointing budget at it
  • Match each signal and theme to the asset group, not the whole catalogue

Budget, Bidding, and Launch

Fund the learning phase, pick the right strategy and target, and launch in a sequence that protects your money.
Worksheet: Learning-Phase Budget Worksheet
Size a budget that can realistically reach the conversion volume Smart Bidding needs to stabilize.
  • Allowable cost per conversion ($)
  • Target conversions in 30 days (aim ~30)
  • Monthly spend needed ($) — calculate
  • Daily budget floor ($) — calculate
  • Is that daily budget affordable? (yes / no)
  • If no, the looser target or softer event you will use instead
  • Date launched and expected learning-phase end date
Exercise: Bid Strategy Decision
Choose the correct strategy and a target that will not throttle delivery.
  1. Do your conversions vary in value (use value + tROAS) or are they similar (use conversions + tCPA)?
  2. If you are using value-based bidding, are you actually passing real values? If not, fix that first.
  3. Will you launch with no target or a gentle one near break-even-plus-cushion, and why?
  4. What is your rule for adjusting the target (max 10-20% per change, wait several days)?
Checklist: Safe Launch Sequence Checklist
  • Tracking confirmed: Recording, Enhanced Conversions on, values passing, no duplicates
  • One tightly themed asset group with a full, varied creative set and a first-party signal
  • Core search themes added and Final URL Expansion / exclusions decided
  • Budget set to reach roughly 30 conversions in 30 days
  • Launched on Maximize conversion value (or conversions) with no or gentle target
  • Week-one correctness checks only: is it spending, conversions sane, all assets approved
  • No target changes until the one-to-two-week learning phase completes

Creative, Reporting, and Controlling the Black Box

Ship a high-rated compliant asset set, read the limited reporting, and prune waste with brand exclusions and scripts.
Checklist: Asset Completeness & Policy Checklist
  • Multiple short headlines, several long headlines, and a long headline with varied angles
  • Several descriptions covering different benefits
  • Images in landscape (1.91:1), square (1:1), and portrait (4:5)
  • Logo provided in square and landscape
  • At least one of your own videos uploaded (not just auto-generated)
  • Healthy Merchant Center feed connected (for retail)
  • Ad Strength pushed toward Good or Excellent
  • Asset group status is Eligible (not Limited); no disapproved assets
Worksheet: Weekly Reporting Review Worksheet
Turn the limited PMax reporting into decisions each week. Record what you found and what you will change.
  • Date of review
  • Low-rated assets to replace (and the new variant idea)
  • Best-rated assets / angles to scale
  • Search-category insight: brand leakage seen? (yes / no)
  • Placement report: junk apps or sites to exclude
  • Insights page: any demand or audience shift to act on
  • One change made this week (only after learning completes)
Checklist: Black-Box Control Checklist
  • Brand list created (brand name + common misspellings)
  • Brand exclusion applied at the campaign level
  • Optional cheap brand Search campaign decided (own the real estate intentionally)
  • Re-baselined expectations on incremental ROAS after excluding brand
  • Account-level placement exclusion list built for known junk apps/sites
  • A maintained PMax placement/search-term script scheduled to export hidden data
  • Content suitability and brand-safety settings reviewed
Exercise: Find the Leak
Use the reports to locate where budget is leaking and decide the single highest-impact fix.
  1. What share of spend or conversions appears to come from your own brand terms?
  2. Which placements in the placement report are clearly irrelevant to your buyer?
  3. If you exclude brand, what do you expect to happen to headline vs incremental ROAS, and why?
  4. What is the one exclusion or asset swap that would most improve net-new performance this week?

Your Action Plan

  1. Confirm and fix conversion tracking: correct Primary action, Enhanced Conversions on, values passing, zero double-counting.
  2. Calculate your break-even ROAS from margin and set a launch tROAS (or tCPA) with a profit cushion.
  3. Decide your campaign vs asset group structure by category, margin tier, or funnel role so budgets respect economics.
  4. Build one tightly themed asset group with a full, varied, policy-compliant creative set (text, images, logo, video).
  5. Attach a first-party-led audience signal and add a few core search themes; decide Final URL Expansion and exclusions.
  6. Size the budget to reach roughly 30 conversions in 30 days, or loosen the target/event so learning can complete.
  7. Launch on Maximize conversion value (or conversions) with no or a gentle target; run week-one correctness checks only.
  8. Let the learning phase finish (1-2 weeks) without touching targets; read the real baseline ROAS or CPA.
  9. Tighten the target in 10-20% steps with several days between changes; swap Low assets, scale Best ones.
  10. Apply brand exclusions, build account-level placement exclusions, and schedule a PMax script to keep pruning waste.

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