Budget Optimization

Search Term Analysis: Find Hidden Budget Waste in Your Shopping Campaigns

February 17, 2026 10 min read Last updated: February 17, 2026
Samuli Kesseli
Samuli Kesseli

Senior MarTech Consultant

Your Google Shopping campaigns don't use keywords. You can't choose which searches trigger your ads — Google decides based on your product feed. That means irrelevant queries are constantly slipping through, and every click on a bad search term is money straight out of your budget.

The search term report shows you exactly which queries triggered your Shopping ads. It's the single most actionable report for cutting wasted ad spend, yet most advertisers check it once and forget about it. In a typical Shopping account, 15-25% of total spend goes to search terms that will never convert.

This guide walks you through how to find that waste, categorize it, and build a negative keyword strategy that keeps your budget focused on queries that actually sell.

What Is the Search Term Report?

The search term report shows the actual queries people typed into Google before clicking your Shopping ad. It's different from keywords — Shopping campaigns don't have keywords. Google matches search queries to your products based on your product titles, descriptions, and other feed attributes.

The problem: you have no direct control over which queries trigger your ads. Unlike Search campaigns where you bid on specific keywords, Shopping campaign optimization relies on two levers:

You can find the report in Google Ads under Campaigns > Insights and reports > Search terms. Google's search terms report documentation covers the basics of how to access and read the report. Select your Shopping campaign and set a date range of at least 30 days to get meaningful data. For a full walkthrough of Shopping reporting options, see our Google Shopping reporting guide.

Pro Tip

Export the search term report to a spreadsheet for deeper analysis. Google Ads only shows top search terms in the UI — an export gives you the full dataset including long-tail queries that individually spend small amounts but add up fast.

5 Types of Search Term Waste

Not all wasted search terms are the same. Understanding the type of waste helps you choose the right negative keyword match type and prioritize which terms to block first.

5 types of search term waste in Google Shopping: irrelevant queries, too-broad queries, competitor brand terms, wrong product matches, and informational queries ranked by budget impact
The five categories of search term waste, ranked by typical budget impact

1. Irrelevant Queries

Searches completely unrelated to your products. These happen when Google's matching algorithm gets it wrong — a "leather wallet" query triggering your leather jacket ad, or "free samples" matching your premium product listing. Block these immediately with negative keywords.

2. Too-Broad Queries

Single-word or very generic searches like "shoes," "laptop," or "dress." These have massive search volume but terrible conversion rates because the intent is unclear. A user searching "shoes" could want running shoes, dress shoes, or kids' shoes. Your specific product rarely matches what they have in mind.

3. Competitor Brand Terms

When someone searches for "Nike Air Max" and clicks your Adidas ad, they almost never convert. They wanted Nike specifically. While there are edge cases where competitor terms can work, in Shopping campaigns the conversion rate on competitor brand queries is typically under 0.5%.

4. Wrong Product Matches

Queries that are relevant to your store but matched to the wrong product. Someone searching "USB-C charger" seeing your USB-C cable ad. The user's intent and your product are misaligned. This is often a product feed issue — improving titles and descriptions helps Google match the right product.

5. Informational Queries

Research-phase searches where users are comparing, reading reviews, or learning — not buying. Queries like "best laptop for video editing 2026" or "running shoe comparison." These users might buy eventually, but the click today rarely converts. Consider whether the long-term value justifies the spend.

How to Analyze Search Terms Step by Step

Here's a practical workflow for finding and eliminating search term waste. Do this weekly for best results.

Step 1: Pull the Report

In Google Ads, navigate to your Shopping campaign, go to Insights and reports > Search terms, and set the date range to the last 30 days. Download the report as a CSV for spreadsheet analysis.

Step 2: Sort by Cost (Highest First)

The biggest waste is at the top. Sort your search terms by cost descending and focus on the top 50-100 terms first. These account for the majority of your spend and potential waste.

Step 3: Filter for Zero Conversions

Add a filter for conversions = 0. This shows you every search term that cost money but generated nothing. Combined with the cost sort, you now see your most expensive waste. This is the same principle as identifying zero-conversion products, but at the query level.

Step 4: Categorize Each Term

Go through the filtered list and tag each term as one of the five waste types above. This helps you decide the right action:

Waste Type Action Match Type
Irrelevant queries Block immediately Phrase or exact match
Too-broad queries Block the broad term Exact match (keep qualified versions)
Competitor brands Block the brand name Phrase match
Wrong product match Fix feed first, then block Case by case
Informational queries Monitor, block if high cost Exact match

Step 5: Calculate Your Waste

Sum up the total cost of all zero-conversion search terms and divide by your total Shopping spend for the same period. This gives you your search term waste percentage — the KPI you'll track over time. If you're above 15%, there's significant room to improve. Well-optimized accounts sit below 10%.

Building a Negative Keyword Strategy

Finding waste is only half the job. You need a structured negative keyword strategy to prevent it from coming back. The right approach depends on your account structure and catalog size.

Decision flowchart for adding negative keywords in Google Shopping showing three paths: block irrelevant terms, monitor relevant terms below CPA threshold, and keep terms that drive assisted conversions
Use this framework to decide whether a search term should be blocked, monitored, or kept

Shared Negative Keyword Lists

Create shared negative keyword lists in Google Ads (under Tools > Shared library > Negative keyword lists) and apply them across all your Shopping campaigns. Google's guide on negative keywords explains the match types and how they work at account, campaign, and ad group level. This is more efficient than adding negatives one campaign at a time and ensures consistent blocking. A detailed walkthrough of setting up and managing negative keywords is in our negative keywords guide.

Organize your lists by category for easier management:

Match Type Selection

Choosing the wrong match type can either leave gaps or accidentally block good traffic:

Important

Google Ads has a limit of 5,000 negative keywords per campaign and 5,000 per negative keyword list (with up to 20 lists). Plan your lists carefully — focus on high-impact terms rather than trying to block every possible irrelevant query.

Search Term Analysis for Performance Max

Performance Max campaigns have notoriously limited search term visibility. Unlike standard Shopping campaigns where you can see individual queries, PMax groups search terms into themes and shows limited data. This makes waste harder to find — but not impossible.

What you can do in PMax:

If you're running both standard Shopping and PMax, the search term data from your Shopping campaigns often reveals patterns that apply to PMax too. A term wasting money in Shopping is likely wasting money in PMax as well. For a deeper comparison of these campaign types, see Shopping vs Performance Max.

How Often to Review Search Terms

Search term optimization isn't a one-time task. New irrelevant queries appear constantly as Google matches new searches to your products. The key is building a sustainable review habit.

Search term review cadence showing weekly quick scan, monthly deep analysis, and quarterly full audit with KPI targets for waste percentage
A three-tier review schedule that balances thoroughness with time investment

The weekly 15-minute scan catches the biggest offenders before they drain serious budget. The monthly deep dive finds patterns and updates your negative keyword lists. The quarterly audit measures progress and identifies structural improvements to your budget allocation based on what you've learned.

Track your search term waste percentage over time. If you're starting above 20%, expect to see it drop to 10-12% within the first month of active management, and below 10% within a quarter. WordStream's negative keyword research confirms that consistent negative keyword management is one of the highest-ROI optimizations for Shopping campaigns. Products that consistently attract bad search terms despite negative keywords may need feed improvements — better titles, more specific descriptions, or custom labels to segment them into separate campaigns.

Search term waste feeds other problems too. Products that attract lots of irrelevant clicks end up as low performers with inflated cost and poor ROAS. Fixing the search terms often fixes the product metrics.

Frequently Asked Questions

Where do I find the search term report in Google Ads?

In Google Ads, go to Campaigns > Insights and reports > Search terms. Select your Shopping campaign first, then choose a date range. You can also access it from the Keywords tab by clicking "Search terms" in the top navigation.

Can I see search terms for Performance Max campaigns?

PMax provides limited search term visibility. You can see grouped search themes in the Insights tab, but not individual queries like in standard Shopping. The Google Ads API and account-level negative keywords help bridge the gap.

How many negative keywords should I add per week?

It varies by account size. Most accounts add 20-50 negative keywords per month during active optimization. Focus on high-spend, zero-conversion terms first. The goal is reducing search term waste below 10% of total spend, not hitting a specific keyword count.

Should I use exact match or phrase match for negative keywords?

Use phrase match for universally irrelevant terms (e.g., "free," "DIY," "repair") that you want to block in all combinations. Use exact match when a specific query is wasteful but variations might be valid (e.g., block [shoes] but keep "running shoes").

What percentage of budget is typically wasted on bad search terms?

Before optimization, 15-25% of a typical Shopping budget goes to search terms that never convert. With consistent weekly review and negative keyword management, this can drop below 10%. Large catalogs with broad product types tend to have higher waste.

Conclusion

Search term waste is one of the most fixable — and most overlooked — problems in Google Shopping. Unlike product-level issues that may require feed changes or pricing adjustments, search term waste can be addressed immediately with negative keywords.

Key takeaways:

Every dollar you stop wasting on irrelevant search terms is a dollar that goes to queries that actually sell. Together with zero-conversion product management and low-performer optimization, search term analysis completes your waste elimination toolkit.

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