Why Use This Feature?
This update enables advertisers to refine their customer acquisition strategy in Performance Max campaigns by:
More Precise Bidding – Focus on customers with a higher lifetime value, ensuring ad spend is directed towards those most likely to generate long-term revenue.
Better Budget Allocation – Assign incremental conversion values, allowing Google Ads to optimise bidding for high-value customers.
Improved Customer Acquisition Strategy – Differentiate between new and high-value new customers, refining how campaigns target and convert users.
With this feature, advertisers can set different conversion values for standard new customers versus high-value new customers, allowing for a more strategic and revenue-driven approach to customer acquisition.