Use Price benchmark labels in Google Ads
Map Price benchmark data to a custom label and use it in Google Ads campaigns.
Last updated
Was this helpful?
Map Price benchmark data to a custom label and use it in Google Ads campaigns.
Price benchmark labels show how your product prices compare with the market average. Map them to a custom label, then use them to organize Google Ads campaigns.
You'll need:
An active supplemental source in Channable.
At least one unmapped custom label slot available
Good to know
Labels won’t appear in Google Ads until your feed successfully syncs to Google Merchant Center via your supplemental source.
In Channable, go to CSS Merchants > [your market] > [your merchant].
Click Source settings.
At Select a Custom Label for Price benchmark, click the dropdown and select an available custom label.
Click Save.
During the next feed refresh, Channable will automatically populate this label slot for every product with one of four real-time values: Below benchmark, At benchmark, Above benchmark, or No benchmark.
Once the feed updates, these values become immediately actionable inside Google Ads.
You can use them to break out either your Standard Shopping or Performance Max (PMax) campaigns.
This strategy gives you maximum budget control by splitting your budget based on price competitiveness.
Create a brand-new PMax or Shopping campaign and name it something clear (like 'US_PMax_Price_Below-Benchmark'.)
Go to the campaign's Listing Groups (Asset Group level for PMax) and click the Pencil icon next to All Products.
In the campaign’s listing groups, click the pencil icon beside All products.
Change the subdivision from Category or Brand to the custom label mapped in step 1.
Select Below benchmark, and then save the listing group.
Create another campaign for Above benchmark or At benchmark products.
Give the Below benchmark campaign a higher budget and consider a lower Target ROAS. Competitive prices may attract more conversions. Restrict the Above benchmark campaign budget when those products underperform.
If you don't want to split your budgets into multiple campaigns, you can segment them within a single campaign to adjust your bidding structure.
In your campaign, go to Listing groups.
Subdivide All products by the mapped custom label.
Add Below benchmark, At benchmark, Above benchmark, and No benchmark.
For Standard Shopping, adjust bids by label value.
For Performance Max, review performance by label and exclude underperforming Above benchmark products.
Last updated
Was this helpful?
Was this helpful?