Maximize Conversion Value Bidding
This is how Google has theirs and this would be helpful if we could incorporate.
About Maximize conversion value bidding
Maximize the total conversion value of your campaign within your specified budget with maximize conversion value bidding strategy.
This bidding strategy uses advanced machine learning to automatically optimize and set bids. It also offers auction-time bidding capabilities that tailor bids for each auction. You define the value that you want to maximize, such as sales revenue or profit margins, when you set up conversion tracking for your account.
Bid adjustments and Maximize conversion value:
Bid adjustments allow you to show your ads more or less frequently based on where, when, and how people search. Because Maximize conversion value helps optimize your bids based on real-time data, your existing bid adjustments are not used. There is one exception: You can still set mobile bid adjustments of -100%.
Note: If you switch to Maximize conversion value bidding, you don’t need to remove your existing bid adjustments, because they won’t be used.
Before you begin
•Familiarize yourself with automated bidding.
•Before you can use maximize conversion value bidding, you’ll also need to set up conversion tracking with transaction-specific values.
Note: This bidding strategy is only available for Search campaigns.
How it works
Using historical information about your campaign and evaluating the contextual signals present at auction-time, maximize conversion value bidding automatically finds an optimal CPC bid for your ad each time it's eligible to appear. Google sets these bids to help get conversions that are the most valuable for your campaign while spending your budget.
Before switching to maximize conversion value bidding:
•Check your average daily budget amount. Maximize conversion value will try to fully spend your average daily budget, so if you’re currently spending much less than your budget, maximize conversion value could increase spend significantly.
•Check your return-on-investment (ROI) goals. If you have an ROI goal for your campaign, such as a target return on ad spend (ROAS), you may want to add a Target ROAS to your bid strategy.