New Google Ads Search campaign for B2B manufacturing — 46 clicks, 3 conversions, ~$30 CPC (MXN). Should I optimize or wait for more data?
Hey everyone!
I'm relatively new to managing Google Ads for a B2B manufacturing company, and I'd really appreciate some advice from more experienced advertisers.
A little context:
I recently joined a company that manufactures cardboard packaging for other businesses. I'm currently the entire marketing department, handling everything from market research and graphic design to video editing, website development, Meta Ads, Google Ads, and reporting to management.
Basically, I'm the marketing department, the agency, and the intern. LOL.
Originally, the company wanted to focus on e-commerce, but after evaluating production costs, we realized that selling individual products online wasn't financially viable for now.
So we shifted toward B2B lead generation.
Our ideal customers are companies looking for bulk orders, recurring supply, custom dimensions, and industrial packaging.
I built a landing page using Shopify, and we're now running a Google Search campaign to generate quote requests.
Campaign results so far (October 2–8):
| Metric | Result |
|---|---|
| Campaign type | Google Search |
| Total spend | ~$1,408 MXN (~$75 USD) |
| Impressions | 312 |
| Clicks | 46 |
| CTR | 14.74% |
| Average CPC | $30.62 MXN (~$1.65 USD) |
| Reported conversions | 3 |
| Conversion rate | 6.52% |
| Cost per conversion | ~$469 MXN (~$25 USD) |
USD amounts are approximate, and the sample is still very small.
One important detail about tracking:
We initially had some conversion tracking issues, but those have already been fixed.
There was also one real lead that Google Ads didn't attribute correctly.
I'm not counting that lead as an additional Google Ads conversion in the numbers above because I want to keep platform-reported conversions separate from actual CRM leads.
What I'm currently seeing:
The CTR seems encouraging, and the campaign is getting clicks from people searching for cardboard packaging.
Our ad copy emphasizes B2B manufacturing, bulk orders, custom dimensions, and industrial applications.
However, the CPC varies quite a bit from day to day, and I'm not sure whether that's normal given the low volume.
Our sales team is still evaluating lead quality, so I don't have enough information about qualified opportunities, closed deals, or profitability.
I know that 3 reported conversions are nowhere near enough to draw strong conclusions.
Here are my questions:
- Bidding strategy: For a new B2B Search campaign with only 3 conversions, would you recommend Maximize Conversions, Maximize Clicks, or manual CPC? What factors would influence your decision?
- Learning period: How long would you let a campaign like this run before making meaningful changes? Would you base that decision more on elapsed time, clicks, spend, or conversion volume?
- Keywords and match types: For niche B2B manufacturing, would you start with phrase/exact match or include broad match? How would you approach search term analysis without accidentally excluding valuable business inquiries?
- CPC fluctuations: Is it normal for average CPC to fluctuate significantly during the first week? At what point would you consider it a real problem rather than normal auction variability?
- Negative keywords: How aggressively would you add negatives during the first few weeks? I'm concerned about blocking relevant B2B searches because some general terms can also have commercial intent.
- Conversion optimization: Since actual qualified leads are relatively rare, would you initially optimize for submitted quote requests and later import qualified lead conversions from the CRM?
- Landing page: Would you prioritize improving the landing page and lead qualification process before making changes to the campaign?
- Overall: Based on these early results, what would you investigate first, and what would you deliberately leave unchanged?
I'm not trying to scale aggressively or chase the cheapest possible leads.
My priority is attracting companies with genuine purchasing potential, ideally recurring orders, rather than generating lots of low-quality form submissions.
I also don't want to make unnecessary changes just because the campaign is new and I'm impatient to see results.
I'm especially interested in hearing from people who have managed Google Ads for B2B manufacturing, industrial suppliers, packaging companies, or other businesses with longer sales cycles.
Any practical advice would be appreciated.
Thanks!
And please, no agency pitches. I'm already doing the work of about five people here. LOL.