Google has quietly rolled out a new flexible bid strategy for AdWords.
The new feature, called 'target outranking share', lets advertisers choose to automatically bid to outrank their competition.
According to a source at Google, the new bid strategy out last week. It appears Google didn't announce that the feature had launched.
An explanation of target outranking share has been added to AdWords Help's 'Using flexible bid strategies' page:
To use the new bid strategy, advertisers must enter a domain they want to outrank, and specify the 'target outranking share' they wish to achieve. This is the percentage of auctions in which the advertiser would like to rank higher than their competitor.
Users can also choose to use bid automation or manual bids, set a maximum bid limit, and limit bids on keywords with a low Quality Score.
Google has been working on improving flexible bid strategies recently. On Tuesday, it announced the launch of better reporting features for the tools.
This feature, however, seems to have been launched with little to no fanfare.
News brought to you by ClickThrough – experts in SEO, PPC Management, Multilingual Search Marketing and Website Conversion Enhancement services.