Shopping ads are pulled from your product feed, not from keywords. Here’s what decides whether they make money in 2026: the feed, how smart bidding actually does the math, and how you split up your products.
The product ads with an image and price at the top of Google search. They come from a product feed you upload to Google Merchant Center, and Google matches the products to searches based on the titles and data in the feed. Shoppers see the image and price before they click, so the people who click already know what it costs.
In three online stores we manage, a Shopping click cost NOK 4–17 in June–September 2026. The most expensive of them also advertises in Germany and Denmark. More click prices are in What does Google Ads cost?.
Google only understands what the feed tells it. The product title “Modell X-200” says nothing. “Barnesolbriller polarisert 1–3 år, Modell X-200” (polarized kids’ sunglasses, ages 1–3) matches what people actually search for. What matters most in the feed:
You don’t need to change your online store to change the feed. With a supplemental feed you can override titles or add labels. When QualiPet ran a clearance sale, the feed extension in the online store didn’t send the sale prices, so the discounts would never have shown in the ads. We added the sale prices and the link to the sale page with a supplemental feed in Merchant Center.
With target ROAS, Google tries to get as much conversion value as possible for the money. The conversion value is whatever the online store sends in, which is almost always revenue. A NOK 500 product with a 20% margin and a NOK 500 product with a 60% margin look exactly the same to the algorithm. It will happily sell the most of whatever is easiest to sell, no matter what you make on it.
There are two ways to fix this:
Also check whether the value is sent including VAT. If it is, your breakeven ROAS has to be multiplied by 1.25 (25% Norwegian VAT). Target ROAS also needs data: around 15–30 conversions over 30 days per campaign. If you have fewer, start with “Maximize conversion value” without a target.
Performance Max (PMax) uses the same feed but shows the ads across all of Google’s surfaces: Search, Shopping, YouTube, Display and Gmail. Visibility is much better than when PMax launched. You now have a channel report showing where the money goes, a search terms report and campaign-level negative keywords, and you can also exclude branded searches.
Many online stores end up with both, with a clear division of labor. How we work with the full Google setup.

The numbers come from our clients’ own ad accounts.
See also: Google Ads agency · Meta Ads agency · Performance marketing agency · What is UGC? · Google Ads agency Oslo
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