How to Optimize Your Google Ads Account: Follow the Money

How to Optimize Your Google Ads Account: Follow the Money

Bird’s Eye Views

A newsletter dedicated to getting your business found on Google

Follow the money to optimize Google Ads AccountThere’s a famous line in the movie ‘All the President’s Men’ where Deep Throat (Hal Holbrook) tells the reporter (Robert Redford) ‘to follow the money’ to find the answer. I use this same line anytime a Google Ads tutoring customer asks me how to optimize their Google Ads account without getting overwhelmed by the data.

Of course, my customers aren’t trying to uncover a government conspiracy, but sifting through the mountains of data Google Ads gives you to try to figure what’s working and what isn’t can be daunting. By advising them to follow the money, I’m telling them to follow their costs, starting with the highest ones.

Follow the money: Costs and conversions

To identify your highest cost Google Ads’ campaigns, sort your campaigns by the cost column, then double click the top of the cost column to have Google Ads sort from highest to lowest cost.

Next, look at the number of conversions in each campaign. If you have high costs with few to no conversions, you have a problem worth investigating. To give more context, I’ll often look at the cost per conversion (total cost / number of conversions) column as well. If that dollar value is within an acceptable range, there might not be an issue at all.

When there are no conversions or the cost per conversion is too high

This is where you need to begin troubleshooting to determine the root cause of the high cost versus low/no conversions.

It’s time to go into the campaign’s ad groups. To do this, click into the ad groups and do the same thing we just did in the Google Ads’ campaigns. Sort ad groups from highest to lowest cost, and look at the number of conversions and cost per conversion.

Click on the high cost and low conversion (or unacceptably high cost per conversion) ad group and look at the keywords. Find the high cost, low (or no) conversion keywords. Try to determine why this keyword isn’t converting. Is it too general? Is it a single keyword instead o a group or phrase? Single keywords draw poor quality traffic. Check the search terms report to see what precise terms are triggering your ads to show. If you see terms you don’t want your ads showing for, move those to ‘negative keywords.’

While cost and conversions are a good start for Google Ads novices, there are other metrics mixes you can use to investigate optimization, including impressions and impression shares, clicks and CPC, and many more. 

For beginners, Google Ads optimization is easier when we pair down the data to a couple of metrics and then follow those through. The problems start to show, especially when you follow the money.

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Google Ads Conversion Showdown

Google Ads Conversion Showdown

Bird’s Eye Views

A newsletter dedicated to getting your business found on Google

When it comes to tracking Google Ads conversions from your website there are two options:

  1. Website: Insert code on a conversion page on your website, or
  2. Import: Set and import your goal from Google Analytics.

Let’s take a close look at the advantages and disadvantages of each.

Insert Code on Website Conversion Page

Google most likely names this conversion tracking option ‘Website’ because it requires you to post code on one of your website pages.

Copy and Paste Your Website Code

This conversion tracking methods requires you to place Google Ads code on your website conversion page. The ‘conversion page’ is the page where your conversion action is confirmed. On an e-commerce website for example, the conversion page would be the order confirmation page; on a lead generation website, the conversion page would be the thank you page.

This option of website tracking is very simple if you know and understand HTML. Without that HTML knowledge, this tracking method has several trap doors:

  • Code does not work because it’s in the wrong place on the page
  • The code is placed on too pages, so conversions are irrelevant
  • Limited to only tracking Google Ads conversions – no social media, SEO, or other conversion sources.

Only tracks Google Ads

This is a nice choice if you are generating website traffic solely from Google Ads. But let’s face it, you have more traffic sources than Google Ads: SEO, email, social media, etc. Tracking information from these traffic sources comes from Google Analytics. That means your Google Ads tracking is an island, not tracked in Google Analytics.  

When to use Website Conversion Tracking

In my opinion… never.

This conversion tracking is restricted only to Google Ads, making it difficult to compare with other website traffic sources like social media, SEO, email blasts, etc. Furthermore, unless a knowledgeable technical person is loading the code, there’s a risk of it being improperly implemented, which results in meaningless conversion information.

While this Conversion Tracking option looks easy, there is a minefield of possible mistakes if you do not know HTML and exactly where the code should be placed on the specific page.

Table 1 Summary Google Ads Website Conversion Tracking



Looks easy

Tracks only Google Ads


Need to know HTML so code inserted properly


Code must be inserted in correct place on page


Doesn’t track other conversions made on your website (ex: email clicks, phone number clicks)

Import Goal from Google Analytics

Google Analytics is free website tracking software that tells you about your website audience—the pages they visit, the buttons they clicked and a lot more. Most significantly, Google Analytics will tell you if people did what you wanted them to do on your website—made a purchase, became a sales lead, signed up for your newsletter, etc. 

Anything you want people to do on your website is called a goal in Google Analytics. So, whatever you want people to do should be set up as a goal.

The biggest advantage of using ‘Import goal from Google Analytics’ is you can compare Google Ads’ performance to your other traffic sources: SEO, direct, email, social media, etc. Just look at the screenshot below taken directly from Google Analytics. You can see the number of sessions and the number of times website users became sales leads by requesting contact with the company.

This is an instant website traffic source comparison, valuable to any business.

Even better, notice the drop-down arrows on ‘Sessions’ and ‘Request contact Goal 3 Completions’. Those dropdown arrows enable comparison by any metric!

The ability to compare traffic sources against each other is invaluable. So is the ability to compare many different metrics. This is the kind of data that provides significant insights into marketing campaigns.

The biggest challenge of ‘Importing’ conversions to Google Ads is that you need to set up ‘Goals’ in Google Analytics, but that only takes a few minutes and generally is a non-technical procedure.

Table 2 Summary Google Ads ‘Import’ Conversion Tracking



Tracks all traffic sources (social media, SEO, email, etc.) in a single place

Must setup goals in Google Analytics (which you should do anyway)

Google Ads easily imports goals from Analytics


Do not have to know HTML


Enables multiple conversions to be grouped together (‘contact’ via form completion, phone or email can be grouped together)


When to use the ‘Import Goals from Google Analytics’ for Google Ads Conversions

In my opinion… always.

Hopefully the reasons for importing goals from Google Analytics makes this your choice for conversion tracking. It will make your life a lot easier! Setting it up can be done in three easy steps:

  1. Set your goals in Google Analytics.
  2. Link your Google Ads and Google Analytics accounts.
  3. Import your goal(s) to Google Ads.

This is a much more comprehensive way to track your Google Ads conversions. You will be glad you did it!


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