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SEM Management

Updated on
➡️
October 10, 2025

The PMax Black Box Pack

Author:
 
Manuel Arrufat

This is a Power Pack to Optimize PMax Campaigns

If you're using Google Ads, you've probably encountered the "black box" of Performance Max (PMax) campaigns.

I know how frustrating it is not to be able to see where your budget goes or which assets or products are generating results.

Dolnai aims to open that black box. In this manual, we will show you the process we ourselves use to audit and optimize PMax campaigns. Everything you find here is field-tested: the same steps we use with our clients and in our own campaigns.

A practical guide to seeing what Google PMax hides, fixing losses quickly, and scaling profitably

Aimed at: SEM and PPC Managers, Media Buyers, Paid Media Managers, CMOs, and agency owners who manage Google Ads.

1.  How to unlock hidden Google Ads data, reduce unnecessary spending, and scale campaigns

Dolnai Report for Pmax

2. Why this Guide is Important

Performance Max campaigns are powerful, but also frustrating because Google hides critical data:

  • 74% of PPC Managers in a Search Engine Land survey say Google hides “critical campaign data” in PMax.
  • Wasted spending on Display/Video often devours between 20% and 40% of the budget in Retail accounts.
  • Without external tools, teams rely solely on Google's aggregated reports ("black box").

Why does Google hide this data?

Because it wants advertisers to depend on automation. The less information you see, the harder it is to question wasted spending. If you audit the hidden layers (products, locations, terms), you regain control.

You must avoid using PMAX simply because it requires less work. The criteria should be account profitability, the continuous search for efficiency, and scalability.

Being lazy can be very expensive in this case.

3. Audit Flow

Before scaling, make sure your setup is solid:

  1. Verify tracking: GA4 linked, conversions working, enhanced conversions activated.
  2. Audit settings: correct objectives, realistic tROAS/tCPA values, audience signals added.
  3. Structure: don't put everything into a single PMax; divide by product lines or profitability if necessary.
  4. Routine: quick reviews every 2 weeks, perform a deep monthly analysis.

Dolnai Tip: Write down what you changed and how the campaign evolved afterward. You'll save hours in the long run.

Audit Framework
Dolnai Report for Pmax

4. Budget distribution by channel in PMax

Finally, you will be able to see which channels your budget is being spent on (Search, Shopping, YouTube, Display, etc.).

What to review:

  1. Which channel is bringing conversions with good CPA/ROAS?
  2. Which one is consuming budget without sales?

Actions:

  • If YouTube is wasting, add or improve your videos. It is advisable not to have the video enhancement function enabled. Especially if the ones Google creates are performing poorly.
  • Reinforce the winners (Shopping/Search) with better feeds and assets.

Many advertisers don't realize: Shopping can receive only 50%–60% of PMax spending, while Display and Video will silently "burn" budget. Dolnai offers the distribution of PMax spending by channel and the results of the main KPIs.

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

Identify channels that consume >20% of the budget but generate ROAS <1 return, redistribute 10-20% to Shopping/Search, and monitor daily.

5. Product performance by ROAS

Define bidding strategies based on ROAS at the SKU level. Group them to categorize them and maximize impression share for the best ones.

Products by ROAS

Assets & Products by ROAS

6. Converting Products vs. Zombies

Prioritize products based on their performance:

  • Converters: Products that generate sales → Give them prominence in your campaigns.
  • Traffic drivers: Many clicks but few sales → support them with retargeting.
  • Waste: products that consume impressions but no clicks → rewrite titles/images.
  • Zombies: no impressions or clicks → eliminate them or recycle them if they have sales potential.

Practical suggestion: separate your best-selling products into their own PMax campaign so that the algorithm gives them more space.

Case study: Apply differentiated bidding strategies according to the particular performance of each product (SKU).

We modified the bid of 5,000 SKUs → we focused on the top 250. ROAS increased by +180% overnight.

High ROAS winners, break-even, and poor sellers.

Helps to maximize impression share on winners while reducing spending on dead stock.

📊 Example:

The top 10% of products can generate 60–70% of revenue.

Poor sellers can drain more than 25% of the advertising budget without it being noticed.

Products by ROAS & KPIs

7. Detect Wasted Budget

  • Products with clicks but no conversions → review titles, images, prices.
  • Divide products into “Converters” (keep and scale) and “Zombies” (pause or delete quickly).

Converters Products

Converting Assets

8. Ugly 365

Products that remain "ugly" for more than 365 days should be removed or repositioned. Restructure them with new titles/images → tested with Dolnai “X-Ray.”

These are products that have had impressions but no one has clicked on them. No one has wanted to touch them even with a stick.

They don't have to be bad, but their description or the way you're trying to sell them isn't working. Change things.

When to pause vs. restructure

🛑 Pause → 0 conversions for more than 3 months.

🔁 Restructure → Some clicks but low CTR. Try new titles or groupings.

9. Optimize placements

Your PMax ads appear on varied and incorrect apps/sites; many may be wasting budget:

  • Review the placements report: identify high impression volume ones.
  • Always exclude applications. In some cases, they may work, but generally, they never do. A guy killing aliens is not thinking about hiring your insurance.
  • Exclude them at the account level.
  • Don't cut everything; keep small tests.
  • Use competitor sites as possible display or retargeting targets.

What to do next:

🚫 Exclude irrelevant mobile gaming apps (common source of wasted spending). Also exclude children's YouTube videos.

🎯 Leverage competitor sites with high purchase intent.

📍 Placements show where your ads are published — many are irrelevant websites that drain your budget.

Placements in Pmax

10. Transparency in search terms

Keep some search term control:

  • Detect irrelevant queries (free, cheap, competitors).
  • Identify hidden gems → add them to your copy/SEO.
  • Add negatives at the account level.
  • Decide whether to let PMax include brand searches or exclude them for cleaner data.

Search Term in Pmax

11. Asset Optimization

Assets are your most powerful lever in PMax. They are the creative elements that make up your ads. Google usually doesn't ask for them, and can generate them directly. Analyze them and act.

Classifying them:

  • Converters: drive sales → double their use.
  • Traffic generators: good CTR but few sales → support retargeting.
  • Ugly: impressions but no clicks → rewrite/restructure them.
  • Zombies: no impressions → delete.

Measure CTR, CPA, Conversions. Replace weaker assets with winners.

Identify assets that sell vs assets that flop.

N Gram: Assets

12. Continuous optimization

PMax is not something you set up and forget:

  • Monthly exercise:
    1. Eliminate what doesn't work
    2. Scale what does
    3. Test new assets/products

Use additional Dolnai tools: channel breakdown, grouping by ROAS, N-Gram analysis, placement visibility.

13. N-Gram Analysis

The N-Gram helps you not only with negatives, but also with creative patterns. It allows you to fine-tune much more and reach the maximum level of detail, to understand if it is better to say: "Buy now" or "Get it now". You will know if "gafas" or "lentes" works better for you.

  • Group terms by clusters (e.g., "discount" vs "best quality").
  • "Green" cluster → scale.
  • "Red" cluster → negatives.
  • "Blue" cluster → creative test.

14. Settings for scaling campaigns

  1. Establish a weekly scaling timeline
  2. Define actions per week
  3. Eliminate zombies, cut spending
  4. Scale the 20% that converts the most
  5. Test creatives based on the N Gram
  6. Bet your budget on the assets and products based on those that offer the best ROAS

15. Account structures that work

  • Lead Gen: one campaign per funnel stage.
  • E-commerce: divide by product categories.

Dolnai Tip: If campaigns have similar intent → merge. If audiences differ → segment for greater precision.

KPIs Evolution
Asset Flow

16. Success Story Example

A fashion advertiser investing €200,000/month reduced wasted Display spending by 27%, redistributed those resources to Shopping/Search, and improved their ROAS by 22% in 60 days.

17. Framework: The 3-layer optimization loop

  1. Detele the useless → Test a lot but don't prolong wasted budgets
  2. Scale the winner → Discover what works best and enhance it
  3. Test and renew → Implement continuous improvement methodologies.

18. Advanced tips

  • Detect winners early with CTR and 3-day conversion trends
  • Cross negatives: Avoid internal competition between products
  • Creative renewal: replace weak titles monthly with successful N-Gram terms

19. Tool stack

Use complementary tools that increase your visibility and capacity for action on PMax campaigns.

20. Quick checklist

  1. Tracking and GA4 linked
  2. Budget review by channel
  3. Assets classified (Converter / Ugly / Zombie)
  4. Products grouped by ROAS
  5. Irrelevant placements excluded
  6. Negative keywords added
  7. Audit log updated

PMax is a tool to achieve business objectives (sales, ROAS, customer acquisition). When applying these corrections, ask yourself: "Did I get closer to my goal?"

Sometimes, eliminating waste reduces conversions but improves profitability: make sure to align your actions with your goal (maximize conversions or efficiency?).

Finally, human creativity matters: PMax is Google's AI automating, but you provide strategy, creative adjustments, and business vision.

Ready to Open the PMax Black Box?

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

Manuel Arrufat
Updated on_
October 10, 2025
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