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Looking for advice on next step after low-performing pMax campaign
I’ve been running a pMax campaign for about a month now. I’ve edited it a few times, but it’s out of it’s most recent “learning phase” now. Optimized to 100%. I’ve made about 15 sales over that time period, which for a business just starting out isn’t too bad I suppose. For context, I am drop-shipping pond supplies, that are sourced from USA suppliers.
The problem is, I have about 450 products listed at the moment, priced at or below market, and I’m getting lots of clicks to some of them, but the bounce rate is high and my CPC is way over my margins. What seems to be happening is people are clicking my Google Shopping ads, poking around for a second or two, and then leaving. Like window shopping.
So I need to adjust something.
My question is, do I turn off the pMax campaign which is connected to my product feed and create a more traditional display or search ads for less SKUs? I’m hesitant because I don’t want to limit my audience to just a few products (the pond supply category is wide) but as I get further into this it seems like too much bread for the butter and I might just be throwing money at leads with no intention of buying.
Anyway, any helpful thoughts on next steps would be much appreciated.
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