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How to read a Google Ads report (and what your agency leaves out)

By Pan · Updated

The myth

If impressions, clicks and click-through rate are going up, your ads are working.

The truth

Impressions and clicks measure attention, not business. They're easy to grow and they look good in a chart. A report built on them can shine in a month the phone didn't ring.

Four numbers tell you whether the ads work: what you spent, how many real leads or sales came in, what each one cost, and how many of your search terms were relevant.

If a report leaves out conversions or the search terms, ask why. Those are the two places waste hides.

Check this yourself

  1. Open Google Ads → Campaigns and add the Conversions and Cost / conv. columns.
  2. Open Insights and reports → Search terms. Read the first 50 things people actually typed.
  3. Count the ones you'd never want to pay for. That share of your budget is waste.

What I'd do in your shoes

  • Ask for a one-page monthly report: spend, leads, cost per lead, and what changed.
  • Match the leads in the report to the real calls and form fills you received.
  • Read the search terms every month and add negative keywords.

Questions

What's a good click-through rate?

It varies by industry, and on its own it doesn't tell you much. A high click-through rate on the wrong searches is still waste.

My report shows more conversions than calls I got. Why?

Tracking may be counting things that aren't leads, like page views or button clicks, or counting one call twice. Ask exactly what counts as a conversion.

Want me to look at yours?

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