Generally, in-market audiences work pretty well. Add a couple in a campaign with a 0% bid modifier, collect data on how they perform, and then bid up or down on them. You can probably expect some pretty good results, in which case you’ll naturally want to raise bids as soon as possible. But bear in mind that they’re not infallible. You need to keep a close eye on in-market audiences because sometimes performance can decline with them.
Monitoring campaigns and adjusting bids accordingly is key, but manually? No thanks!
This script will implement bid adjustments to your in-market audiences for you. Simple as that.
It looks at your campaigns’ CPC over a given time range and sets bid modifiers to each of the campaign-level in-market audiences based on performance. If there are no campaign-level audiences, the tool will apply bid modifiers to all in-market audiences at ad group-level.
The modifiers are applied according to this formula: Modifier = Entity CPA / Audience CPA, where ‘Entity’ is the campaign or ad group.
In Google Ads, go to Bulk Actions, then choose Scripts. On the Scripts page, click on the big “+” button, and paste in the script below.
Before you start, there are a few options available for you to customize the script to your liking: