149 - What Is P-Max? (And When Agencies Use It to Hide Weak Strategy)

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Performance Max (P-Max) is showing up in more agency proposals—but most teams don’t fully understand what they’re buying. 

In this episode, Jeremy Neisser breaks down what P-Max actually is inside Google Ads, why it sounds so attractive to sports teams, and how it’s often used to hide weak or undefined marketing strategy. You’ll learn when P-Max can help, when it hurts, and the critical questions teams should ask before letting automation take the wheel.

Key Topics Covered

• What Performance Max really does (in plain English)
• Why P-Max is an execution layer—not a marketing strategy
• How messy data causes P-Max to optimize for the wrong wins
• The danger of blended audiences and lost message control
• How agencies use P-Max as a reporting smoke screen
• When P-Max actually can work for sports teams
• Why segmentation and funnel clarity still matter in an AI world
• How to spot red flags in agency P-Max proposals

Episode Chapters

• 00:00 – Why Performance Max keeps showing up in agency proposals
• 02:47 – What P-Max actually is (and how it works)
• 05:36 – Why automation without strategy is dangerous
• 08:58 – How P-Max steals credit and inflates “conversions”
• 11:49 – When Performance Max can make sense for teams
• 14:39 – Strategy over automation: the real takeaway

Key Takeaways

• Performance Max is often used to mask weak strategy, not enhance strong ones.
• Automation simplifies execution—but it doesn’t replace thinking.
• P-Max is only as smart as your data (and most teams’ data is messy).
• Blended audiences lead to blended messaging—and wasted spend.
• If you can’t explain who’s buying and why, P-Max is a blindfold.
• P-Max works best as a supporting channel, not your entire plan.
• Clear funnel logic beats “AI will figure it out” every time.

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