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SEM Management

Updated on
➡️
October 7, 2025

The PMax Black Box Pack

Author:
 
Manuel Arrufat
Stop waste. Save hours. Grow profit.🚀

If you’re running Google Ads, you’ve likely encountered the “black box” of Performance Max (PMax) campaigns.

I know it’s frustrating when you can’t see where your budget is going or which assets and products are truly driving results.

So, for that I built Dolnai to open up that black box, and in this playbook I’m going to walk you through my hands-on process for auditing and optimizing PMax campaigns. Everything here is first-person and field-tested – the same steps I use with our clients and in our own campaigns.

A practical playbook to see what Google PMax hides, fix leaks fast, and scale profitably.

Built for: PPC Managers, Paid Media Leads, CMOs, Agency Owners running Google Ads.

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1. How to unlock hidden Google Ads data, cut wasted spend, and scale campaigns with confidence.

Dolnai Report for Pmax

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2. Why This Playbook Matters

Performance Max campaigns are powerful, but also frustrating. Google hides critical data, leading to:

  • 74% of PPC managers in Search Engine Land survey say Google hides “critical campaign data” in PMax.
  • Wasted spend in Display/Video typically eats 20–40% of budgets in retail accounts (Tinuiti 2023).
  • Without external tools, teams rely only on Google’s aggregated “black box reports.

Why Google hides this data

Google wants advertisers to rely on automation. The less you see, the harder it is to challenge wasted spend. By auditing hidden layers (products, placements, terms), you gain back control.

3. Step 1: The Audit Workflow

Before scaling, make sure your setup is solid.

  1. Check tracking: GA4 linked, conversions firing, enhanced conversions on.
  2. Audit settings: Right goals, realistic tROAS/tCPA, audience signals added.
  3. Structure: Don’t lump everything into one PMax. Split by product lines if needed.
  4. Routine: Quick check every 2 weeks, deep dive monthly.

⚡ Pro Tip: Track what changed and what happened. Saves hours long term.

Your first step is to audit systematically.

Audit Framework
Dolnai Report for Pmax

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4. Budget Allocation in PMax

Finally, see where your PMax spend goes (Search, Shopping, YouTube, Display…).

What to check:

  1. Which channel is bringing conversions at good CPA/ROAS?
  2. Which is burning budget with no sales?

Actions:

  1. Add video if YouTube is wasting spend with auto-generated junk.
  2. Boost winners (e.g. Shopping/Search) with better feeds & assets.
  3. Show clients the breakdown → instant buy-in.

One retailer thought 90% of spend was Shopping. We showed them YouTube was eating 35% with $0 sales. Fixing it dropped CPA immediately.

Most advertisers don’t realize Shopping may only get 50–60% of total PMax spend, while Display & Video burn budget quietly.

Channel Distribution
  • Identify channels hogging >20% spend but <1 ROI.
  • Reallocate 10–20% budget to Shopping/Search.
  • Monitor daily evolution to catch shifts early.
Budget Allocation in Pmax

4. Step 2: Spotting Wasted Budget

Products with clicks and no conversions

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5. Step 3: Converters vs Zombies

Split products into Converters (keep & scale) and Zombies (kill fast).
Converters Products

Converters Assets

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6. Step 4: Product Performance by ROAS

Your products decide ROAS. Treat them like ad assets.

Group Products:

  • Top Converters: Protect & feature them.
  • Traffic Drivers: Optimize landing pages or pricing.
  • Wasted Spend: Kill or fix.
  • Ugly: Impressions but 0 clicks → update titles/images.

💡 Pro Move: Break best sellers into their own PMax. Let budget flow to winners.

⚡ Case Study: We pruned 5,000 SKUs → focused on top 200. ROAS jumped +180% overnight.

High ROAS winners, Break-even, Bad Sellers.

Helps maximize impression share on winners while throttling dead stock.

📊 Example:

  • Top 10% products often drive 60–70% of revenue.
  • Bad sellers can drain 25%+ of ad budget unnoticed.
Assets& Product ROAS

Products by ROAS

7. Step 5: The “Ugly 365” Framework

Products that stay “ugly” for >365 days should be retired or repositioned. Restructure with new titles/images → tested via Dolnai “X-Ray.”

Overview: Products in Pmax

Products that run for months, generate impressions, but never convert.

When to Pause vs Restructure

Pause → 0 conversions across 3+ months.

Restructure → Some clicks but poor CTR. Try new titles or grouping.

Ugly 365: no clicks in 1 year

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8. Step 6: Placements Intelligence

Yes, your PMax ads show up on random apps/sites. Many waste budget.

  1. Check placements report: Spot high spend + no sales.
  2. Exclude them: Use account-level placement exclusions.
  3. Balance: Cut clear losers, keep testing small spenders.

Dolnai highlights competitor placements.

Use these sites for direct display buys or retargeting.

What To Do Next:

  • Exclude irrelevant mobile gaming apps (common waste).
  • Hijack competitor sites with high intent.

Placements show where your ads run. Many are irrelevant websites draining budget.

Placements in Pmax

9. Step 7: Search Term Transparency

Get back some keyword control.

What to look for:

  • Irrelevant queries (free, cheap, competitors).
  • Profitable hidden gems → add to copy/SEO.

Action: Add negatives at account level.

⚖️ Decide: Let PMax eat brand searches or exclude them for cleaner new-customer data.

Hidden search terms = wasted clicks.

Ex. Search Term in Pmax

Search Term in Pmax

10. Step 8: N-Gram Analysis

Use N-Gram not only for negatives, but also for creative refresh patterns.

Example:

Terms with “discount” cluster underperform vs terms with “best/quality.”

N-Gram groups search terms by word clusters.

Overview: N Gram

How to Use N-Gram

Green = good clusters (scale them).

Red = wasted terms (negative keywords).

Blue = test for creative refresh.

N Gram: Products

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11. Step 9: Asset Optimization

Assets = your biggest lever in PMax. Don’t guess, classify them.

4 Buckets:

  • Converters: Directly drive sales. → Double down.
  • Traffic Generators: Good clicks, few sales. → Retarget support.
  • Ugly: Impressions, no clicks. → Rewrite/replace.
  • Zombies: No impressions. → Prune or refresh.

Use metrics (CTR, CPA, Conv): Trim losers, scale winners, test new ideas.

⚡ Why Ugly & Zombies Matter: Ugly drags CTR down. Zombies clutter data. Both confuse the algo. Clean them out fast.

Identify assets that sell vs assets that flop.

N Gram: Assets

Action Steps:

  • Replace “Ugly” assets with proven winners.
  • Double down on creatives with highest CTR.

Products N Gram

Products N Gram

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12. Step 10:Continuous Optimization

PMax is not set-and-forget.

🔄 Loop every month:

  • Kill waste
  • Scale winners
  • Test fresh assets/products

⚙️ Use Dolnai’s extra tools:

  • Channel split
  • ROAS product grouping
  • N-gram analysis
  • Placement visibility

13. Campaign Scaling Settings

Scaling Timeline:

Actions per week

14. Account Structures That Work

  • Lead Gen: 1 campaign per funnel stage.
  • E-commerce: Split by product categories.

Agency Tip

If campaigns share similar intent, merge them. If audiences differ, split for precision.

KPIs Evolution
Asset Flow

15. Case Study Snapshot

Anonymous data (real Dolnai reporting)

A €600k/mo travel advertiser cut wasted Display spend by 27% and reallocated to Shopping/Search → ROAS improved 22% in 60 days

16. Framework: The 3-Layer Optimization Loop

  1. Kill Waste → Remove zombies.
  2. Scale Winners → Push converters.
  3. Test & Refresh → Use N-Gram + new assets.

17. Advanced Pro Tips

Expert Hacks

  • Detect winners early: Watch CTR + 3-day conversion trends.
  • Cross-negatives: Avoid internal competition between products.
  • Creative refresh: Replace weak titles monthly with N-Gram winners.

18. Tool Stack

19. Quick Action Checklist

  1. Tracking & GA4 linked
  2. Channel budget reviewed
  3. Assets bucketed (Converter/Ugly/Zombie)
  4. Products grouped by ROAS
  5. Wasted placements excluded
  6. Negatives added
  7. Audit log updated

PMax is a tool to achieve business goals (like revenue, ROAS, customer acquisition). After implementing fixes, ask “Did this move me closer to my goal?” If not, reconsider. Sometimes, for example, cutting waste might reduce conversions but improve profitability – make sure that aligns with what you need (maybe you actually wanted max conversions, even if some are inefficient? Or vice versa).

As a founder, I often weigh these trade-offs directly: growth vs efficiency. Use PMax data to inform those high-level decisions.

🤝 Always Human Creativity: PMax is Google’s AI at work, but don’t forget the human element – you. Use insights from PMax to feed other channels and vice versa. If a certain audience or message kills it on Facebook Ads, bring it into PMax via assets or audience signals. If PMax finds a killer search term, maybe that’s a hint for your SEO strategy. In other words, integrate PMax learnings into your broader marketing playbook.

Lastly, keep in mind PMax is still evolving. Google is likely to provide more transparency and controls (slowly, but it’s happening).

When you apply these steps, you’re effectively partnering with the AI – letting it do what it’s good at (automation and finding patterns) while you do what you’re good at (strategy, creative tweaks, and business judgment).

Ready to Open the PMax Black Box?

Stop wasting spend, save your team hours every week, and unlock profitable growth.

👉 Book a free 15-min strategy call. I will explain the whole process through quick walkthrough.

Manuel Arrufat
Updated on_
October 7, 2025
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